Reported about 1 year ago
Gaoli (8996) reported a decrease in May's pre-tax profit by 32% year-on-year, with a net profit after tax of 0.49 billion yuan, down by 35.3% year-on-year, with an EPS of 0.55 yuan. Gaoli attributed the decline to a drop in product demand as customers redesigned products, leading to a revenue decrease in May to 317 million yuan and a 21.1% year-on-year revenue decline for the first five months of the year. Despite this, Gaoli is optimistic about growth in the second half of the year, particularly with the growing demand for liquid cooling heat dissipation products contributing to revenue growth.
Source: YAHOO
Reported about 1 year ago
According to the preliminary statistics released by the Ministry of Finance, out of the 16,650 households in Taiwan with annual incomes exceeding tens of millions, there are four households whose net incomes are zero, meaning they do not have to pay any income tax. The article explores how high-income families may not necessarily be heavily taxed due to available deductions. By utilizing various deduction options, some families with incomes over 200 million NTD have managed to legally avoid paying taxes, showcasing their adept tax planning skills. The article also delves into tax-saving methods employed by wealthy individuals such as donations and medical expense deductions, shedding light on the evolving landscape of income taxation in Taiwan.
Source: YAHOO
Reported about 1 year ago
GaoLinShi (2906) benefits from the recent green energy trend by investing in GaoMing Energy solar and energy storage services, resulting in a sharp increase with a daily limit up to 23.10 yuan on July 2nd with a trading volume of 5,139 shares. With the upcoming start of the Taichung solar power project this year, its future prospects look promising. While its main business is retail trade, its investments in international premium brand RIMOWA and biopharmaceuticals are gaining momentum. Its subsidiary GaoMing Energy, with a 51% stake, focuses on solar photovoltaic, electric vehicle charging, and energy storage services, making progress in domestic and international projects. With investments in Yuenchuang Technology charging station systems entering Malaysia and plans for establishing a green energy sales company and venturing into the green energy and carbon trading market, the theme is continuously evolving.
Source: YAHOO
Reported about 1 year ago
Following the listing of the AI product ChatGPT, the global AI industry flourishes, leading to the establishment of over ten international companies setting up data centers in Taiwan. This has sparked an AI supply chain in Taiwan, extending to green energy and solar power sectors. Companies like Yunpao Energy (6869) have seen a 1.26-fold increase. With the impact of generative AI technology on Taiwan's industries, Taiwan Semiconductor Manufacturing Company's advanced production capacity has been secured by companies like NVIDIA and AMD. Market attention is heightened for TSMC's upcoming financial outlook meeting, expecting double-digit growth and future capital expenditure plans. The article also highlights the significance of companies like NVIDIA, Google, and Amazon AWS procuring green energy in Taiwan, boosting related stocks like solar power, where companies like Jinneng reached the daily limit price increase. Overall, the continued focus on AI supply chains from 2024 to 2025 is evident in the market's positive response.
Source: YAHOO
Reported about 1 year ago
God Said International's 'CCE China Capital Exchange' introduced traditional auctions with the 'Automatic Auction Renewal Device', combining computer technology to revolutionize the financial market and expand rapidly. The 31st Lin Kou Pleasure Learning Point was inaugurated in New Taipei City's Lin Kou District on June 22, with over 200 members and guests in attendance. With plans to open more branches by the end of the year and aiming to establish 100 branches within five years, CCE also gears up for entry into the Southeast Asian market. Utilizing a computerized trading system, CCE provides a platform for wealth redistribution and passive income generation, bringing prosperity to individuals and defeating inflation. The success of the Lin Kou branch reflects the power of teamwork and perseverance, with members seeing significant growth in performance and career advancement, showcasing the unique features of the 'CCE China Capital Exchange'.
Source: YAHOO
Reported about 1 year ago
Antro Biotech announced on July 2, 2024, that their Enterovirus 71 vaccine (EnVAX-A71) passed the Phase III clinical trial with an efficacy rate of 99.12%, the highest among all Enterovirus 71 vaccines in the global market. Antro plans to apply for listing on the Taiwan Stock Exchange's innovation board in mid-July. The company has also signed a sales contract with VABIOTECH, Vietnam's largest state-owned vaccine company, aiming to enter the newborn market in Southeast Asia and potentially expand to mainland China. Antro's vaccine trial involved multiple countries and centers, with impressive results.
Source: YAHOO
Reported about 1 year ago
Green Energy (8440) recently disclosed a self-assessed net profit of 5 million yuan after tax for June, with an earnings per share of 0.1 yuan; accumulating a net profit after tax of 10 million yuan for the period of May to June, with an EPS of 0.22 yuan. Green Energy is a Taiwanese company formed by a strategic alliance of 12 major home appliance manufacturers in Taiwan, specializing in recycling and processing waste electrical and information products. Its revenue for April to June is showing a year-on-year growth due to the rise in international copper prices. However, challenges related to the disposal of air conditioners have led to high recycling costs and impacted profitability, with a significant decline in earnings in the first quarter of the year. The stock price of Green Energy has surged by nearly 50% from mid-June to July 2nd.
Source: YAHOO
Reported about 1 year ago
According to The Wall Street Journal on July 2, 2024, after President Biden's poor performance in the first presidential debate, internal calls for changing the leadership within the Democratic Party have arisen. Vice President Kamala Harris is considered a top contender if Biden were to step down from running for re-election. Despite concerns about Biden's age and capabilities, he has not expressed any intention to withdraw. Harris, popular especially among women and Black voters, could face challenges if nominated. However, her readiness for presidency and support base cannot be overlooked. Harris has been actively defending Biden and reassuring party members amidst fears following the debate, emphasizing that true leadership is about character over style, contrasting Trump's lack of presidential qualities.
Source: YAHOO
Reported about 1 year ago
On July 2, 2024, Tang Weizhe reported that Huiju participated in the opening event of the 2024 International ESG Real Estate Sustainable Summit and the 10th anniversary of the YiJing Sustainable held at the Songshan Cultural and Creative Park in Taipei on June 19. They engaged in in-depth dialogues with top experts and leaders in the industry to bring in international sustainable innovative thinking and technology, advocating core values of health, low-carbon, and circular sustainability. In response to increasing pressure on carbon emissions management by governments and businesses, carbon cost has become an essential issue. Huiju is actively promoting a low-carbon transition, striving to lead the industry towards a green future by constructing a comprehensive ESG action framework covering channels, logistics, equipment, food, and raw materials. They aim to highlight sustainable products and services for greater contributions to global environmental protection, focusing on autonomous carbon reduction plans, energy efficiency enhancements, the use of renewable energies, and process improvements to develop more comprehensive carbon reduction strategies in alignment with government sustainability initiatives.
Source: YAHOO
Reported about 1 year ago
According to CoinGecko data, despite Bitcoin not surpassing its previous all-time high of $73,000 reached in July 2024, the cryptocurrency market has seen three top-earning tracks from the beginning of the year until June 21. The top spot goes to meme coins with an astounding average return rate of 2,405.1%, followed by the Real World Assets (RWA) track at 213.5% returns, and the third spot being the Artificial Intelligence (AI) track with a notable 71.6% return. Various new meme coins like BRETT, BOME, and DOG have emerged with significant market values. RWA tokens, particularly MANTRA (OM) and Ondo (ONDO), and AI tokens like Arkham (ARKM) and AIOZ Network (AIOZ) have also shown substantial growth.
Source: YAHOO
Reported about 1 year ago
The Taiwan Stock Exchange is actively promoting anti-fraud initiatives through collaborations with the Lamigo Monkeys, the first professional baseball team in Taiwan. In an effort to increase awareness and knowledge of fraud prevention, the stock exchange will hold the 'Stock Exchange Delivery Strong Bat Attack' events on July 7, August 7, and September 27 at the Lamigo Monkeys' games. This marks the first time the stock exchange is bringing anti-fraud promotion to a baseball stadium, aiming to engage diverse audiences and educate them on common investment fraud tactics through interactive activities and quizzes.
Source: YAHOO
Reported about 1 year ago
The Taiwan Stock Exchange urges listed companies to consider buying back treasury stocks to enhance investor confidence, especially for those with low stock prices despite the overall market hitting new highs. The exchange recently announced that from July 1, 2023, to June 30, 2024, 25 companies conducted buybacks, with 15 achieving a buyback rate of 100%. Companies like PharmaEssentia, King's Town Bank, and Taiwan Semiconductor Manufacturing Company were among those successfully implementing their buyback plans. For more details, investors can refer to the exchange's public information platform for comprehensive statistics.
Source: YAHOO
Reported about 1 year ago
In an upgrade unveiled on July 2, 2024, at 4:10 pm, the ‘Highway 1968’ App now provides convenient access to charging information, addressing the ‘range anxiety’ of electric vehicle drivers. The app, with over 5.4 million downloads as of June, offers real-time data on charging station locations, availability of charging spots, operators, and rates at service areas. As traffic increases on highways, so does usage of the app, noting a correlation between traffic congestion and app usage. The updated version aims to improve user experience by displaying nearby service area or rest station details based on the user's location, aiding in reducing electric vehicle drivers' range anxiety.
Source: YAHOO
Reported about 1 year ago
Following the successful fundraising of two major high-yield ETFs in the first quarter exceeding 220 billion NT dollars, Taiwan's stock ETF market has cooled down in the second quarter, with no new ETFs announced in the third quarter. Institutional investors attribute this slowdown to the rapid expansion of the ETF market in the short term and regulatory measures taken by authorities. The upcoming performance hinges on fund management companies that have not entered the ETF market yet, as the current stock ETF fundraising momentum may weaken in the second half of the year.
Source: YAHOO
Reported about 1 year ago
Taipei reported by Huang Yourong on July 2, 2024, at 4:10 pm, listed public financial institutions have successively disclosed ESG-related statistics, with Mega Financial Holding achieving the best performance in greenhouse gas emissions reduction in 2023, reducing 69,000 tons of CO2e compared to the previous year. In terms of renewable energy usage, First Financial Holding ranked best with 11.59%. All six listed public financial institutions have completed the disclosure of greenhouse gas emissions and energy management information. Details of the emission reductions and renewable energy usage rates of various institutions are also provided.
Source: YAHOO
Reported about 1 year ago
Assistant partner lawyer Deng Huiding from Ronghui Ding World Law Firm stated on July 2, 2024, that if a company evades tax, the company's responsible person may be prosecuted for their criminal act of tax evasion. While the assessment period refers to a certain period during which tax authorities can issue bills for collecting or adjusting taxes in accordance with the law, once this period expires, tax authorities cannot impose additional taxes or penalties. However, for criminal acts of tax evasion, criminal proceeds should still be confiscated within the statutory limitation period for prosecution and confiscation under the Criminal Law. Therefore, evading taxes beyond the assessment period does not absolve one from legal consequences.
Source: YAHOO
Reported about 1 year ago
Before 4:10 pm on July 2, 2024, Tsaichenyu, Vice Chairman of Cathay Financial Holdings, is set to acquire AnTai Bank and King Bank in stages, shaking the financial market. Investment banks, lawyers, and accountants are actively preparing documents to apply to the FSC, and it is estimated that the acquisition will be done in stages to comply with regulations. Key aspects to consider include acquiring a controlling stake in both banks, potential public takeover offers, and the process of merging the two banks, with discussions with the regulators being crucial.
Source: YAHOO
Reported about 1 year ago
The Central Bank of Taiwan raised the interest rate by half a percentage point in mid-March, increased the reserve requirement ratio by one percentage point in June, starting in July. The central bank has maintained a moderate tightening pace and gradually adjusted the market funds. In June, it significantly reduced the issuance of fixed deposits by over 180 billion yuan, releasing excess funds into the market. The balance of outstanding fixed deposits at the end of June reached a new low since April 2020. The central bank continues its 'take money with one hand, give money with the other' approach, with recent reductions below 8 trillion yuan. The bank actively issues 7-day, 28-day fixed deposits, as well as 91-day and 182-day fixed deposits periodically, serving as tools to address changing short-term market fund demands.
Source: YAHOO
Reported about 1 year ago
In Taipei, on July 2, 2024, at 4:10 pm, HwaCom's Chairman Jiao Youjun expressed support for Taiwan's development of nuclear power, believing it will help stabilize Taiwan's power supply. He also backs the extension of the Third Nuclear Power Plant, stating that assets should not be wasted. Jiao noted that the current risks such as inflation, interest rates, and geopolitics are not new and emphasized the need for innovation in meeting future demand growth. He supports the idea that stable power supply is the government's responsibility and is not worried personally about the issue. Jiao supported Taiwan's green energy supply and emphasized the purchase of green energy by HwaCom to address the insufficient supply, focusing mainly on solar and wind energy sources.
Source: YAHOO
Reported about 1 year ago
To prevent housing speculation, public banks in Taiwan strictly adhere to an 80% loan-to-value ratio limit, cautiously evaluating loans without easily raising it. Only a few high-quality cases can obtain up to 85% financing. Statistics show that public banks have maintained a loan-to-value ratio average between 70% to 77% this year, with different banks having varying approaches and limitations based on factors like borrower profession and location. Exceptional borrowers, such as specific professionals and those in certain regions, may qualify for higher ratios up to 85%.
Source: YAHOO
Reported about 1 year ago
Yadek-KY (1590), a pneumatic component manufacturer, received higher orders than shipments in June due to customers anticipating more favorable policies after the Third Plenum in China, resulting in deferred deliveries and a decrease in June revenue compared to expectations. However, the second quarter and first half of the year still achieved record-high revenue for the same period. Forecasts indicate that Yadek's third-quarter shipments may exceed expectations, leading to optimistic revenue and profit growth for the entire year. Yadek's June consolidated revenue was RMB 565 million, down 4.46% annually, with a total of NT$2.516 billion, also down by 1.03% year-on-year but hitting a record high for the same period. Second-quarter revenue reached RMB 1.891 billion, up 3%, and NT$8.428 billion, up 5% annually, while first-half revenue grew by 4.62% to RMB 3.541 billion and by 4.87% to NT$15.634 billion. Yadek noted that although June orders remained higher than shipments, delays caused by fewer workdays and clients waiting for post-Third Plenum incentives in July affected deliveries. Nevertheless, they believe that current demand is deferred rather than lost and expect third-quarter shipments to surpass initial estimates. The company remains positive about total annual shipments, as China's investments in key industrial and agricultural equipment sectors and subsidies for sectors like home appliances and automotive industries bode well for their products like pneumatic components and linear guides.
Source: YAHOO
Reported about 1 year ago
Taiwan Mobile has been selected as a component stock for the seventh consecutive year in the investment-type ESG index 'Taiwan Sustainable Index,' which integrates ESG and financial indicators, and has been awarded the exclusive component stock badge. The index, aiming to recognize Taiwan companies practicing sustainable development responsibilities in line with index rules, consists of Taiwan-listed stocks from the FTSE4Good Emerging Market Index. Taiwan Mobile's chairman, James Jeng, expressed the company's commitment to sustainability through various initiatives, including participating in the EV100 initiative, pledging to fully transition all company vehicles to electric by 2030, expanding renewable energy deployment, and setting a sustainable development roadmap with the '2035 Vision Plan' and a dedicated sustainability committee at the board level.
Source: YAHOO
Reported about 1 year ago
As of June 28, the New Kin Taiwan Semiconductor 30 ETF (00904) achieved a cumulative return of 29.74% in the first half of the year, surpassing the Weighted Stock Price Index (up 28.45%) and the Taiwan Semiconductor Selection 30 Index (up 28.07%). The manager of 00904 ETF, Chan Jiafeng, mentioned that Taiwan's semiconductor industry is gradually recovering and benefiting from global AI trends, with the supply chain targeting AI applications. Expectations for increased performance growth in the second half of the year due to new product launches and favorable global tech trends. Taiwan's semiconductor industry is poised for growth with the increasing demand for advanced processes and high-bandwidth memory in the AI hardware market.
Source: YAHOO
Reported about 1 year ago
The Bank for International Settlements (BIS) released its annual global economic report, cautioning about the severity of the continuously expanding debt levels in various countries, comparing it to the debt-related crisis triggered by the UK government's borrowing for tax cuts in 2022. The BIS warned that the escalating debts pose one of the most significant threats to global financial system stability and advised governments to reduce debts to mitigate the threat and curb inflation. The BIS emphasized the need for action to lower debts, increase taxes, and cut fiscal expenditure to ease financial system pressures before the situation worsens.
Source: YAHOO
Reported about 1 year ago
Federal Reserve Chairman Powell attended the annual European Central Bank forum on July 2, 2024, emphasizing that the timing of the first rate cut depends on data, with the need for more evidence of inflation easing towards the 2% target before starting cuts. Powell stated that despite significant progress in combating inflation, more confidence is required for rate cuts, and data indicating recent inflation slowdown is necessary. The forum discussed monetary policy in times of transition, with Fed's next meeting expected to maintain rates as the market interprets a higher probability of rate cuts in the latter half of 2024 based on PCE growth trends.
Source: YAHOO