Reported 8 months ago
Uni-President Group's stable profits from investments in Uni-President Central Control and merging with Carrefour Taiwan, led to a 20.8% year-on-year increase in first-quarter revenue to 158.756 billion yuan. Meanwhile, Hua Nan Financial saw a net profit of 2.018 billion yuan in May. Despite the Taiwan Stock Exchange dropping over 400 points on June 24th, both stocks rose against the trend. Uni-President's revenue for the first five months reached 265.889 billion yuan, and its EPS was 0.97 yuan, driven by the success of new brands and products. Hua Nan Financial's net profit for the same period grew by 15.53% to 9.507 billion yuan, and with its involvement in the high-dividend low-volatility ETF, its stock price continued to rise, gaining over 0.76% on June 24th.
Source: YAHOO
Reported 8 months ago
Chang Hsing (1717) reported a tax before profit of 2.3 billion NT dollars in May, with a 38.49% yearly increase, representing an earnings per share before tax of 0.2 NT dollars. Accumulated profit before tax for the first five months amounted to 12.08 billion NT dollars, showing a 99.7% yearly growth and an earnings per share before tax of 1.03 NT dollars. Being the largest synthetic resin plant in Asia and the world's largest dry film photoresist supplier, the company's main products include synthetic resins, electronic chemicals, and special materials. Despite a slight increase in expense ratio, Chang Hsing maintained stable gross profit margins. The company's operating profit in May was 2.15 billion NT dollars, a 12.06% decrease from the previous month but a 31.29% yearly increase.
Source: YAHOO
Reported 8 months ago
Telecom giants in Taiwan, including Taiwan Mobile, Far EasTone, and Chunghwa Telecom, are advancing business opportunities through partnerships and certifications. Taiwan Mobile recently assisted local companies like Wistron, Tatung, Qisda, Accton, and Intellectual Networks in obtaining Telecom Infra Project (TIP) certification, enabling access to the global supply chain. Far EasTone developed an energy management system (EMS) that helped a leading shoe machinery brand digitally transform, while Chunghwa Telecom's cybersecurity team aided in ISO/IEC 27001:2022 certification for a research center. Through partnerships and certifications, these telecom companies are expanding services to various industries, enhancing their competitive edge in the market.
Source: YAHOO
Reported 8 months ago
Taoyuan Deputy Mayor Wang Ming-ju attended Taiwan International Airport Union Federation's '113th Model Worker Commendation Banquet' on June 20th. He expressed gratitude towards the 24 exemplary workers at Taoyuan International Airport for their dedication in maintaining airport safety and service quality. The federation consists of 14 enterprise unions with a total of 8,415 members, with over 90% from Taoyuan City. The city government aims to continue promoting harmonious labor relations to foster industrial prosperity in Taoyuan.
Source: YAHOO
Reported 8 months ago
KGI Securities has become the first brokerage to sign an agreement with the Taiwan Depository & Clearing Corporation to provide investors with a more convenient and secure multi-custody trading environment, improving the safety of investors' foreign assets. KGI Securities is also preparing for the expected multi-custody foreign currency financing business to offer more flexible fund utilization. With the increasing trend of investing overseas among Taiwanese, the scale of multi-custody services amounted to NT$2.3 trillion by the end of April this year, with KGI Securities aiming to provide a safe and convenient win-win situation for both brokerage and investors through this partnership with the clearing corporation.
Source: YAHOO
Reported 8 months ago
In recent years, affected by the economic downturn and low-price competition from the mainland, the export volume of screws has decreased significantly. However, signs of recovery appeared in the market this year, with total exports in May exceeding 110,000 tons, a monthly increase of over 10%. The export volume of wood screws saw the highest monthly increase at 27.92%. Despite the mainland's screw exports in the first five months of the year increasing by 12.6%, their prices dropped by 23%, indicating their continued competitive advantage with low prices. Last year, the screw industry faced challenges due to the global economic slump, with exports significantly reduced, making it a severe winter for the sector. With the gradual global economic recovery this year, sporadic orders have emerged for the screw industry, but apart from a few special screws, the industry still faces significant challenges.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, a lithium battery explosion at the AriCell Hwaseong plant in South Korea resulted in a fierce fire, causing 22 deaths, mostly Chinese employees, with fears of more casualties. President Yoon Suk-yeol immediately visited the site and ordered full mobilization for rescue efforts. The fire, suspected to have started from an explosion in a warehouse storing over 35,000 lithium batteries, was finally contained around 3:10 pm. The incident led to 22 fatalities, including 18 Chinese and 1 Laotian employees, with 2 severely injured, 6 lightly injured, and 1 still missing. The exact cause of the explosion is under investigation.
Source: YAHOO
Reported 8 months ago
Keelung Securities believes that Trade-Van KY, with a favorable position in the automotive business and a strong foothold in the AI trend, is estimated to see increasing profits quarter by quarter, receiving a 'buy' investment rating. With GlobalData reporting a 4% year-on-year increase in global car sales to 27.53 million units in the first four months of this year, Trade-Van KY and Fan Jia have been rated 'buy' by Keelung Securities. The car market has shown growth in most markets, expecting global car sales to hit 91.36 million units by 2024, with electric car shipments estimated to grow by 18% and 19% in 2024 and 2025 respectively.
Source: YAHOO
Reported 8 months ago
Cathay Financial Group has revised Taiwan's economic growth rate from 3% to 3.6% for the year, lower than the 3.9% predicted by the Directorate-General of Budget, Accounting and Statistics. Factors such as less optimistic exports in the second quarter, lack of last year's cash distributions, and negative contribution of investments in the first quarter were considered. Despite concerns about high inflation this year, with an average inflation rate three times higher in the past four years compared to the last ten years, the AI development driving structural demands, robust private consumption, and investments, along with the recovering US and mainland Chinese economies have led to a more optimistic outlook for Taiwan's economic performance compared to earlier predictions, with a 6.6% GDP growth in the first quarter but potential challenges in the second quarter.
Source: YAHOO
Reported 8 months ago
Giant Group, a global leader in bicycles, is expanding into the fitness equipment industry by participating in the auction of assets of American sports equipment company Foundation Fitness.LLC to acquire its indoor cycling brand Stages Cycling. The move aims to enter the global indoor sports equipment market. Giant has been manufacturing equipment for Stages Cycling, and amidst Stages' financial struggles in the US market, Giant's decision to bid on its assets is seen as a strategic opportunity to enhance its presence in both indoor and outdoor cycling sectors and improve future performance.
Source: YAHOO
Reported 8 months ago
The American think tank MacroPolo recently pointed out that in recent years, mainland China has heavily invested in AI education, nurturing 47% of the world's top AI researchers, significantly ahead of the US (18%), Europe (12%), and India (5%), making it the biggest cradle of AI talent. This is attributed to mainland China adding over 2,000 AI bachelor's programs since 2018, with over 300 at top-tier institutions. The research also shows that most Chinese who complete their PhDs in the US tend to stay there, but the US's leading position in attracting top AI talent is starting to decline with China's proportion of AI elites rising from 11% in 2019 to 28% in 2022, indicating more talent staying and contributing to the growing AI industry in mainland China.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, Taiwan's stock market lost the 23,000 points mark, closing at a drop of 439 points at 22,813 points below the 5-day moving average, marking the largest drop among major Asian stocks. Despite the decline, Credit Suisse is optimistic about the profit outlook for Taiwanese companies in the next quarter and expects a new high at 23,915 points, reaching as high as 25,420 points, encouraging investors to board the '25K train'. The article also discusses the impact of AI products showcased at COMPUTEX, the selling off of major stocks by foreign investors, and various analysts' perspectives on the future performance of the Taiwan stock market.
Source: YAHOO
Reported 8 months ago
According to the latest statistics from the Securities Investment Trust & Consulting Association up to the end of May, the Cathay Taiwan High Dividend Fund has seen the largest increase in total beneficiaries among active funds. The fund's investments include major AI companies like TSMC, Hon Hai, MediaTek, and Taiwan Semiconductor, which are expected to perform well in the future. The fund manager, Liang Enyi, believes that Taiwan is a key region for global AI industry development and recommends investing through Taiwan funds, highlighting the fund's strategic positioning in the semiconductor industry supply chain and focus on AI opportunities.
Source: YAHOO
Reported 8 months ago
Continuing to strengthen their financial structures, Taishin Financial Holding announced a cash increase of 7.3 billion NTD for Taishin Bank to enhance its capital structure, while Taishin Life is converting surplus into capital with stock dividends of nearly 2.98 billion NTD. Additionally, Nan Shan Life disclosed the issuance of 40.4 billion NTD subordinated bonds, with 10-year and 15-year maturities at 3.75% and 3.88% interest rates, respectively, to bolster their capital. These financial moves aim to boost capital adequacy and solidify the financial foundations of the organizations involved.
Source: YAHOO
Reported 8 months ago
The rapid evolution of mobile app services has become increasingly common in daily life, but for the elderly and visually impaired, complex operations and dense text often pose difficulties. Fubon Life is leading the life insurance industry by launching the 'Financially Friendly Service Zone' on its app specifically designed for the elderly and visually impaired. By offering features such as enlarged fonts, simplified operations, voice narration, and voice verification code, Fubon Life ensures easy access to its app. Additionally, in collaboration with Taipei Fubon Bank, Fubon Life provides the 'LuckyPAY' mobile payment service, allowing policyholders to pay premiums conveniently with a simple tap. General Manager Chen Shih-Yue emphasized the commitment to enhancing customer service through technology, with the Financially Friendly Service Zone officially going live in June 2024, offering customized functions for the elderly and visually impaired.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, Apple unveiled Apple Intelligence at the Worldwide Developers Conference, turning the tide and leading analysts to continuously raise their target prices. Recently, investment firms CFRA and Bernstein raised Apple's target price to $240, signaling a 14% potential increase in stock price. Analysts are optimistic about the continued rise in Apple's stock price following WWDC, with a 27% increase from its low point in April. Both CFRA analyst Angelo Zino and Bernstein analyst Toni Sacconaghi believe that Apple's AI initiatives will drive a significant upgrade cycle and revenue growth, with a focus on AI search capabilities and third-party app integration through Apple Intelligence.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, AiShanLin (2540) is expected to benefit from a wave of project deliveries in the third quarter. The stock fluctuated during the day but closed at 193.5 yuan, marking a near-record high and reclaiming the weekly trend with a 9.5% increase. Trading volume reached 2,605 shares, with foreign investors buying 1,109 shares. With strong revenue performance and upcoming property completions, AiShanLin is poised for significant profit growth in the second half of the year, potentially exceeding a revenue milestone of 10 billion yuan for the year.
Source: YAHOO
Reported 8 months ago
Securities News Center summary as of June 24, 2024, 4:10 PM: Shareholder Meetings: Asia Cement, Uni-President, AcBel Polytech, Sercomm, Macronix, Catcher Technology, etc. Ex-Dividend and Ex-Rights Dates: Wistron, Catcher Technology, M31, JEC, Qisda, etc. Investor Conferences: Acer, Allion, SOLID, DSS, Walsin, Hiwin, GPT, LEDtech, JASDAQ, Qisda, Micron, Cathay Financial, Sunplus, AHC, GEMtek, Quanta, Advantech, etc. Stocks to Watch: JMC, Navitas, Sysage, Advantech, Jian Han, CyberTAN, JEC, Weltrend, Sunext, Eswing, Abit, Everspin, Powerchip, UMC, Unitech, Nanya, etc. Margin Decrease and Short Selling Margin Increase by 10%: Sunlord. Restoration of Original Margin and Guarantee Ratios: Century. More Commercial Times reports on GeT's showcase of 5G network and AI capabilities; TAIEX funds trend as 19 NAV surpass NT$100; TAIEX experiences a decline with significant domestic institutional support.
Source: YAHOO
Reported 8 months ago
Taiwanese company Chu Li Technology won two gold medals at the 2024 European Invention Exhibition for its innovative 'Enzyme Degradation and Decomposition Technology,' which provides a breakthrough in the treatment and recycling of waste lithium batteries. The technology significantly improves the efficiency of recycling waste lithium batteries, while also promoting environmental protection and resource utilization. Chu Li Technology plans to promote the commercial application of this technology in the next year and collaborate with international battery manufacturers and recycling companies to drive innovation in the global lithium battery recycling industry, further implementing the ESG concept.
Source: YAHOO
Reported 8 months ago
According to the latest data from the London Stock Exchange Group (LSEG) on June 24, 2024, global stock funds experienced two consecutive weeks of outflows as investors worried about the possibility of only one interest rate cut from the US Federal Reserve in 2024 and ongoing political unrest in Europe. The fear of these factors prompted investors to quickly take profits and temporarily withdraw funds from the stock market. Various sectors within the global stock funds showed differing trends, with technology funds maintaining growth, while financial and non-essential consumer goods funds experienced outflows. On the other hand, global bond funds continued to attract investors, with corporate bond funds seeing inflows for three consecutive weeks. Emerging market stock funds faced significant selling pressure, marking the largest outflow of funds since April 24, 2024. Overall, amidst economic uncertainties, investors seemed to favor assets that provide stable income, such as bond funds.
Source: YAHOO
Reported 8 months ago
Yong-Zhi (6683) Semiconductor, a popular stock, has seen its stock price surge since early June from 300 to 405 yuan on June 24th, marking a new short-term high. Technical indicators suggest a positive outlook with the KD indicator turning slightly bullish and the MACD indicator maintaining an uptrend. With semiconductor market inventory depletion expected to end and the company expanding its overseas presence and production capacity, analysts predict double-digit revenue growth this year. Market watchers anticipate a possible challenge to historical high stock prices at 415 yuan in the second half of the year.
Source: YAHOO
Reported 8 months ago
A report by MarkeTrak in 2022 revealed that only 18.9% of individuals aged 35 to 64 with hearing loss wear hearing aids, lower than the 45% for those over 65 and 32.5% for those under 35. To address the communication challenges in the workplace faced by people with hearing loss, a 'Workplace Hearing Ally' program has been introduced, providing comprehensive hearing solutions from entering the workforce to a smooth retirement. By paying a one-time membership fee and a monthly fee of 3,600 yuan, members can experience the latest AI-powered rechargeable hearing aids with automatic listening technology. Prepaying the monthly fees for 1 year, 5 years, 10 years, or 20 years can offer up to a 20% discount, saving 172,800 yuan and eliminating concerns about price increases and inflation. The program ensures users can enjoy the latest technology without additional costs when new advancements are introduced.
Source: YAHOO
Reported 8 months ago
In Taipei on June 24, 2024, Wang Wang Insurance held its shareholders' meeting, reporting a historic high of 12.28 billion NTD in signing premium income last year, with a 12.7 billion NTD increase in profits and a growth rate of 11.5%. The Vice General Manager and spokesperson, Pan Shaoyun, stated that signing premium income for the first half of this year is expected to reach a new high. Wang Wang Insurance accounted for 5% of the general insurance market's total premiums at 243.7 billion NTD, ranking eighth. Chairman Hong Jixiong reported that with significant revenue growth, the company's retained premiums increased, and overall underwriting profits reached a historical peak. Overall, the company's assets have reached 199.3 billion NTD, liabilities at 138.3 billion NTD, and equity at 6.1 billion NTD, creating shareholder value. Due to losses incurred by compensating for pandemic insurance policies, the company reported a deficit at the end of last year, unable to distribute dividends, with plans to recover losses and provide shareholder returns in the future. Pan Shaoyun added that due to the strong growth momentum of corporate insurance premiums, annual signing premium income is expected to exceed last year's record high, indicating continuous success.
Source: YAHOO
Reported 8 months ago
Fuyeno Group invests over 1.5 billion NTD in remodeling the Guanshilin Fuyeno Hot Spring Resort in Tainan, with 79 rooms and a unique mud hot spring, officially opening to guests this year. Additionally, the Wuling Fuyeno Resort, after acquiring a ten-year operating right, underwent a 320 million NTD renovation with 143 rooms and plans to reopen before the peak maple season in September. The resort offers new room discounts and hot spring promos, targeting family vacations, corporate training, and group travels.
Source: YAHOO
Reported 8 months ago
地板品牌廠寶陞24日召開股東會，決定每股配發3.31元股利，包含現金2.60元和股票0.71元。公司展望今年將透過多項策略提升成長，並計畫擴大美國地區銷售據點。
Source: YAHOO