Reported 11 months ago
On June 27, 2024, the US Department of Commerce released the final values of the first-quarter Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE), and May Durable Goods Orders. The GDP growth rate was higher than the initial estimate but significantly lower than the previous quarter, marking the slowest growth in nearly seven quarters and raising concerns among investors about the economic situation. After the data was announced, US stocks fluctuated at the opening on the 27th, with the Dow rising 0.02%, Nasdaq rising 0.34%, and S&P 500 rising 0.12%. The final value of the US first-quarter GDP growth rate was revised from 1.3% to 1.4%, meeting expectations but lower than the previous quarter's 3.4%, the lowest growth rate since the third quarter of 2022. The Bureau of Economic Analysis (BEA) attributed the GDP increase to higher consumer spending, residential fixed investment, non-residential fixed investment, state and local government spending, offsetting the impact of reduced inventory investment by private businesses. The final PCE price index for the first quarter rose by 3.4%, slightly higher than the initial 3.3%, the largest increase since the second quarter of last year. PCE is an important basis for the Federal Reserve's rate policy, and the May PCE data was announced on the 28th. May Durable Goods Orders increased by 0.1%, beating market expectations of a 0.1% decrease, driven mainly by a 1.3% increase in demand for computers and related products and a 0.6% increase in transportation equipment. The April orders were revised downward from a 0.7% increase to 0.2%. Excluding defense orders for aircraft, unexpected non-defense orders fell by 0.6% in May, the largest monthly decline since December of last year. Although Durable Goods Orders have increased for four consecutive months in May, the growth rate has slowed. Before the Federal Reserve begins to cut interest rates and the financing environment becomes more attractive for business investment, it is believed that there will not be a significant rebound in the manufacturing sector. However, experts anticipate a significant increase in investment in artificial intelligence (AI) and other technologies by businesses to offset the effects of long-term labor shortages and gain a competitive advantage through new technologies.
Source: YAHOO
Reported 11 months ago
On June 27, 2024, Canada and the Eurozone began their first round of interest rate cuts, signaling the start of a global central bank interest rate reduction cycle as market rates reached their peak. To capitalize on the upcoming interest rate cuts, fund managers suggest targeting investment opportunities in non-investment grade bonds. With inflation in the US higher than expected, the market is reassessing interest rate levels, making US credit bonds less attractive with limited downward spread potential, while European and global credit bonds become more appealing. Bond investments are seen as a balanced tool amidst stock market volatility, offering attractive yields primarily from fixed interest income, presenting a rare opportunity in the bond market. It is advised to focus on medium-term bonds amid the high rate period, especially in anticipation of bond price rebounds post-interest rate cuts.
Source: YAHOO
Reported 11 months ago
As robot or AI financial management rapidly expands, the Financial Supervisory Commission (FSC) decided to 'supervise' the industry. The Securities and Futures Bureau announced the amendment of the Regulations Governing the Operation of Investment Advisory Enterprises, elevating the regulation of automated investment advisory services to a statutory level and strengthening internal company management and accountability mechanisms. Facing the approaching billion-dollar scale of robot financial management, the FSC decided to enhance supervision to protect investors, focusing on elevating important provisions from self-regulation to statutory status, strengthening internal company management, accountability mechanisms, external review, and self-regulation mechanisms. The revised regulations are expected to take effect in the fourth quarter of this year.
Source: YAHOO
Reported 11 months ago
Win Semiconductors (3105) is expected to gradually regain its leadership position in gallium arsenide foundry in the upward phase of the industry. Creative (3443) is projected to exceed revenue and profit expectations in the second quarter of 2024, potentially adding a second CSP customer and capitalizing on the substantial business opportunities presented by HBM 4. Both companies are positioned favorably in their respective industries, with Creative's AI-related revenue increasing significantly and Win Semiconductors anticipating entering mass production for 5nm CPU in mid-2025. Win Semiconductors, a major gallium arsenide foundry globally, is experiencing a positive industry trend with increased demand for 5G smartphones and Wi-Fi7's PA units. The company's estimated revenue for 2024 is expected to grow by more than 30%, leading to a shift from losses to profits and an EPS of 5.6 yuan.
Source: YAHOO
Reported 11 months ago
AI has become a market force in the first half of this year, with concerns arising among investors regarding whether AI fundamentals can keep up with stock prices. Given the over-concentration of stock market growth in large tech stocks, it remains uncertain if the tech surge can continue. Nomura Asset Management suggests that the US Federal Reserve is likely to cut interest rates by the end of the year, and the impact of the US presidential election is limited. Continued technological advancements pose both challenges and opportunities, with AI computing applications rapidly advancing and expected to drive the market. The recommendation is for investors to seize the rare AI investment opportunity by focusing on global tech multi-assets and combining them with resilient bond investments, allowing for both offense and defense strategies in AI investment and potentially boosting overall returns. Nomura's global tech multi-asset fund manager Huang Yijie points out the increasing capital expenditure by S&P 500 companies, especially by AI giants like Microsoft and Amazon, indicating the dominance of tech giants in the future of tech stocks. Long-term growth trends in AI tech remain unchanged, with the top three global companies by market value leading the AI trend, including Microsoft, Apple, and NVIDIA. Embracing the AI trend is essential to grasp one of the most powerful wealth codes in the future, as the tech bullish forces are strong. Nomura Asset Management applies over 20 years of research analysis on the tech supply chain to its global tech multi-asset fund strategy, focusing on investment potential in US and European tech leaders and Asian supply chains without being restricted by market value, truly targeting the ultimate winners in the tech wave. The fund adopts a unique all-weather bond strategy in contrast to traditional bond investment portfolios, where bonds play a crucial role in reducing volatility risks or balancing the high volatility of tech stocks, ensuring effectiveness in any market environment.
Source: YAHOO
Reported 11 months ago
StarLux Airlines submitted an application to the Taiwan Stock Exchange on June 27th to go public, expected to become the first case of a diversified IPO on the exchange. If the review process goes smoothly, it could be approved by the exchange's board as early as six weeks, with an estimated listing in the fourth quarter. With the addition of StarLux Airlines, alongside EVA Air, China Airlines, and Tigerair Taiwan, all national airlines are now listed, potentially sparking a competitive trend in the aviation sector during the second half of the year.
Source: YAHOO
Reported 11 months ago
As of June 27, 2024, over 110 electronic stocks and 80 non-electronic stocks have hit new highs, indicating Taiwan's relatively strong performance compared to global stock markets. AI concept groups continue to be popular among investors, with attention on CoWoS advanced packaging, AI server liquid cooling, and Apple's integration of AI in the iPhone 15pro-level specifications. Despite a short-term pullback, memory manufacturer Macronix has shown strong bullish trends. Nvidia and Apple's plans to establish computer and data centers in Taiwan have also boosted related equipment manufacturers and power suppliers. However, institutional investors have only made small purchases of 6 billion NT dollars since June, failing to effectively follow the index's upward trend, with foreign investors increasing short futures positions. The New Taiwan dollar depreciated by 1.1 cents, with a trading volume of 24.7 billion US dollars, the highest in a month, hindering fund activity due to currency outflows.
Source: YAHOO
Reported 11 months ago
ASUS, a brand that has been investing in the smartwatch market for nearly a decade, released its new generation ASUS Vivowatch 6, featuring comprehensive health data measurement, analysis, and new functions such as location tracking and fall detection, aiming to seize the opportunities in the personal health smart wearable market. With the growing demand for personalized healthcare solutions and consumers' increasing expectations for wearable smart devices, the global smartwatch shipments are expected to continue to rise, with ASUS positioning itself with advanced sensors and AI algorithms to enhance product services and upgrades.
Source: YAHOO
Reported 11 months ago
Hota Motors, a leading car manufacturer, has successfully boosted sales through its promotional efforts, with a promising performance expected during the summer vacation season. The recent promotion, named 'Vision Century Gift,' offering over NT$150,000 worth of car gifts, has significantly increased customer visits, with a 13% or more rise in foot traffic compared to pre-promotion levels. Orders have been particularly strong since the beginning of this year, nearly matching the January sales peak. The Corolla Cross model excelled in order performance, with a 30% increase in orders compared to the previous three months, while other models like RAV4 and Yaris Cross also demonstrated good sales. The promotion's success is partly attributed to last-minute orders, common during weekend sales events, and delayed car deliveries, expected to boost registration numbers in July. Hota Motors estimates June car sales to reach around 43,000 units, slightly higher than the same period last year. Despite challenges like limited Lexus quotas and a lack of major new car releases in the first half of the year, Hota Motors aims to achieve its annual sales target of 170,000 units through the summer promotion offering generous incentives like a 65-inch JVC TV with selected car purchases, zero interest rate financing up to NT$1 million, trade-in bonuses up to NT$30,000, and a five-year/140,000 km extended warranty.
Source: YAHOO
Reported 11 months ago
On June 27, 2024, Goldman Sachs continued to support the cooling giants, Chen Hong and Qihong, giving both a reasonable stock price prediction of over a thousand yuan. The research institution under the gold control has high expectations for them, with the former entering the CSP water cooling supply chain of US-based cloud service providers and the latter being a major water cooling component supplier for GB200. Goldman Sachs also continues to support them, aiming for high stock prices, potentially expanding the ranks of high-value stocks on the Taiwan stock market. Despite concerns about price competition in the water cooling market, the outlook remains positive for Chen Hong and Qihong as they excel in fundamental aspects and are endorsed by both domestic and foreign institutional investors as potential four-digit stock price candidates.
Source: YAHOO
Reported 11 months ago
In Taipei, on June 27, 2024, the US economy slowdown and cooling inflation have driven stocks and bonds up in sync. The economy's continued resilience and AI technological innovation are leading the global asset trading theme, with US bond rates and the US dollar staying high. Fund institutions suggest that market volatility at the current stage provides opportunities for participation. By adapting to the market cycle and diversifying returns, utilizing balanced funds can achieve multiple protections and strict risk control. Investment outlooks focus on growth and technology-related sectors, cyclic and utility-related industries. Fund managers anticipate AI chip procurement intensification by businesses and growth in the AI industry backed by ongoing economic recovery. They emphasize the importance of adapting to market volatility through multi-asset funds, with a core investment focus on AI technology industries and REITs, to capture trends and potential in enterprise growth opportunities.
Source: YAHOO
Reported 11 months ago
The Mainland Affairs Council announced on June 27, 2024, to elevate mainland travel to an orange alert status. Insurance companies clarify that they only do not cover areas with a red alert and that individuals can still purchase travel insurance for areas under an orange alert. Different insurance companies may have varying underwriting measures for orange alerts, but in general, they will continue to cover travel insurance for individuals without impacts. Starting July 1, insurers will adjust the rates for travel safety insurance, benefiting those who enroll early. Companies like Cathay Century Insurance and Taiwan Fire & Marine Insurance assure the public that they will continue to cover travel insurance under an orange alert without influence. Specific considerations will be made for regions under alerts during policy issuance, and additional scrutiny on coverage limits is applied. Insurers emphasize limitations on overlapping policies for online enrollees. Age restrictions also apply to elderly travelers, even though some companies, like Taiwan Fire & Marine, extend coverage up to 100 years with reduced sums insured for those aged 85 to 100.
Source: YAHOO
Reported 11 months ago
The Real Effective Exchange Rate (REER) of the New Taiwan Dollar has been higher than the Korean Won for 37 consecutive months, indicating a continuous disadvantage for Taiwan in export competitiveness compared to South Korea. The strong US dollar led to a 0.38% appreciation of the New Taiwan Dollar in May, while the Japanese Yen, Korean Won, and Chinese Yuan remained weak. The REER data provided by the Bank for International Settlements (BIS) shows the ongoing disparity between the two currencies, with the New Taiwan Dollar strengthening against the Korean Won. The outlook suggests potential challenges for Taiwan's export industries if the US Federal Reserve's expected interest rate cut leads to a further increase in the New Taiwan Dollar's exchange rate.
Source: YAHOO
Reported 11 months ago
Since taking office a month ago, Financial Supervisory Commission Chairman Peng Keng-lung has demonstrated a strong intention to promote new policies by continuously loosening regulations on products and services to expand market size. He proposed eight financial liberalization measures and revealed three main policy focuses moving forward: establishing a regulatory adjustment platform initiated by experts and scholars, accelerating the development of financial technology (FinTech), and creating an Asian asset management center. The key to implementing these policies lies in changing the regulatory mode to align with the international digital financial development direction for Taiwan to become an Asian asset management center through financial innovation support, efficient market infrastructure, and market size improvement.
Source: YAHOO
Reported 11 months ago
Li Wencao, Chairman of Long Huan Construction, stated that the recent surge in property prices is expected to be close to its peak by the end of the year, with prospects for maintaining warmth next year. With various completed projects contributing to an increase in revenue last year, Long Huan aims to achieve better financial performance this year and return to profitability. The company holds a substantial reserve of over 150 billion NT dollars for future developments, indicating a strong long-term outlook for its business. The impact of the New Qing'an housing policy on the secondary market, freezing short-term transactions for five years, and restrictions on presale contracts have led to a shortage in housing supply, making the market heat up.
Source: YAHOO
Reported 11 months ago
In Taipei, on June 27, 2024, the Ministry of Finance demanded state-owned banks to rigorously enforce post-loan management of the New Qingshan Affordable Housing Loan. Banks will conduct thorough investigations to identify high-risk cases among existing clients, using government data to cross-check for violations of the loan regulations. They will look for indications of phantom household accounts by verifying if the address provided as collateral matches the client's actual residency. Those found in violation will face consequences such as increased interest rates, shortened grace periods, adjustments in loan conditions, and more. These measures aim to prevent speculative activities and loan applications using phantom household accounts. The banking sector is taking steps to prevent investment clients from market speculation and loan applications using phantom household accounts. These measures include scrutinizing cases such as developers, agents, or intermediaries applying for loans under various guises.
Source: YAHOO
Reported 11 months ago
On June 27, 2024, foreign funds turned from selling to buying and increased positions in shipping stocks, boosting the stock prices of airline giants EVA Air (2618) and China Airlines (2610) to achieve new highs in 2024. The strong performance was also seen in container shipping stocks such as Evergreen (2603), Yang Ming (2609), and Wan Hai (2615). Market experts believe that with funds shifting away from AI tech stocks due to stagnation in the US market, the airline industry, supported by both passenger and cargo demand, is expected to outperform the maritime industry. Observing the market trend, airline stocks opened low but ended high, with EVA Air closing up 2.77% at NT$38.9 and China Airlines up 2.54% at NT$24.25, both reaching their highest levels since 2023. Evergreen declared a cash dividend of NT$9.96505 per share and saw positive buying momentum, closing at NT$194.5. Foreign net buying also contributed to the positive performance of Evergreen, Yang Ming, and Wan Hai, indicating a potential favorable outlook for the industry.
Source: YAHOO
Reported 11 months ago
Precision machinery metal processing parts manufacturer Timing (4566) held its shareholders' meeting on June 27, 2024, at 4:10 pm in Taipei, where a dividend of 1.43471349 yuan was approved. Timing stated that demand in the automotive parts and aerospace industries is picking up, leading to a positive outlook for this year's operations. The company is diversifying risk by targeting niche markets in sectors such as automotive, bicycles, and aerospace, not only in China but also in Europe and America. Despite the slowing momentum in the bicycle market, the performance is supported by the continuous growth in demand for automotive parts and aerospace. Timing is also expanding its presence in AI servers and aerospace industries, with investments showing positive returns, even amidst geopolitical challenges with expansions in Thailand. The company's self-reported EPS for the first four months of the year reached 2.11 yuan, with revenue in May and the first five months showing growth. The market conditions have improved with increasing demand, inventory depletion, and opportunities in areas like electric vehicle drive systems, autonomous driving systems, and aviation industry recovery. The company is optimistic about its business prospects for the year, especially with new product developments and applications expected to contribute to revenue, possibly in the fourth quarter or the first quarter of the following year.
Source: YAHOO
Reported 11 months ago
Reports indicate that German company Bosch is considering acquiring American home appliance manufacturer Whirlpool, leading to a 17.1% surge in Whirlpool's stock. Speculation suggests potential revitalization of Bosch's appliance business amidst intense competition. Whirlpool, facing challenges from a sluggish consumer environment, has seen a significant market cap decline and recently announced layoffs. This potential acquisition would be one of Bosch's largest disclosed deals to date, following previous plans for expansion in the home appliance sector.
Source: YAHOO
Reported 11 months ago
Securities News Center as of June 27, 2024, 4:10 p.m. *Shareholders’ Meeting: Companies like Chuanhu, Dewei, Aishanlin, Juyang, Zuanquan, Century Steel, LINEPAY, etc. *Ex-Dividend and Ex-Rights: Rongcheng Electronics, Huaiyang-KY, Keningwei, etc. *Domestic and International Investor Conference: Companies such as Guopiao Jin, Runhong, Heyi, Taishuo, Guangfeng, Hanquan, Dibao, Jiani, Yaohua, Sanfa Real Estate, Quanhan, Zhongganggou, Shikai, Qiaoshan, Jinhong, Darfu, Lianjia, etc. *Recommended Stocks: Heyi, Meiya, Solomon, Yiquan, Xinchan, Xunzhou, Ridianmao, Hongyi Stock, Jinglian, Jiance, Senwei Energy, Laiyi-KY, Medmed Medical-DR, Minghui-DR, Tianfang Energy, etc. *Disposal of Stocks: Yunbao Energy, Tongfang Youyou-DR, Hangte, Yunbao Energy I *Reduced Margin Trading ratio by 1% and increased Margin Trading collateral by 1%: Time Tech, Lizhi, Liming *Restored original Margin Trading ratio and collateral percentage: Dongyou More Commercial Times reported that the Derivative Product Trading Confirmation Platform will be launched next year, and Zhongjin AR HUD will enter the electric vehicle market. The 2022 tax reform will have a significant impact on consolidated income tax.
Source: YAHOO
Reported 11 months ago
MINI於2024年6月27日宣布全新MINI Countryman運動休旅在台灣上市後，各方面升級進化，吸引眾多消費者下訂。此外，MINI Cooper三門掀背也隨後登台，延續MINI品牌經典象徵，全新世代MINI家族融合科技與傳統，提供更豐富的駕馭與娛樂體驗，主動安全配備也更為完善。MINI全新世代系列將陸續在2024年第四季推出更多新成員，並展開全台巡迴展示活動，吸引眾多車迷前來體驗。
Source: YAHOO
Reported 11 months ago
Prudential Life has entered the Taiwan market since 1999, focusing on providing diverse protection and thoughtful services to Taiwanese consumers. In a groundbreaking move, Prudential Life has teamed up with 55688 Group's Taiwan Taxi Fleet to offer the 'Prudential Life Ride Guardian Accident Insurance' specially designed for taxi drivers. This innovative product offers a coverage of 1 million NTD for accidents for a minimal fee, providing peace of mind for passengers. This collaboration expands Prudential Life's insurance ecosystem and caters to the specific needs of taxi drivers, offering a comprehensive protection plan for every ride such as taxi, public transport, or personal vehicle journeys.
Source: YAHOO
Reported 11 months ago
At the shareholders' meeting of Gold Sun (4503) on June 27, 2024, Chairman Cho Zhengmao was successfully re-elected, mentioning the implementation of Huan Han's smart manufacturing system in vending machine production. The company has gained customer certification for production orders from big gaming manufacturers such as IGT and ATI, with further discussions for larger smart gaming machine projects by year-end. Gold Sun's production line is fully booked from October to December. With nearly 21% of Gold Sun's shares held by Huan Han and the Lian Ming team, the collaboration aims to expand revenue from AI server chassis. Gold Sun will cooperate with Lian Ming on manufacturing opportunities for servers and server chassis if international clients agree to production in Taiwan. Additionally, Gold Sun is aiming to secure orders for energy storage cabinet production. The collaboration between Gold Sun and Lian Ming also includes orders for gaming machine components, showing growth prospects and diversification in manufacturing projects.
Source: YAHOO
Reported 11 months ago
At the shareholder meeting on June 27, 2024, Chairman Lin Kuan-Cheng of Unified Securities mentioned that the AI market is just beginning to thrive, showing optimism for a sustained prosperous business environment for the next two to three years. The company approved a cash dividend of 1.32 NTD per share and reported a tax-paid net profit per share of 1.55 NTD for the first five months of 2024. Unified Securities plans to cautiously evaluate investment opportunities amidst uncertainties in the market to achieve long-term stable profit. The firm's trading division has consistently performed well, and Chairman Lin highlighted the operational challenges in 2024 but expressed confidence in the market outlook as long as major US tech stocks remain strong.
Source: YAHOO
Reported 11 months ago
The Taiwan stock market reaching above 20,000 points has benefited the life insurance industry, with the Financial Supervisory Commission revealing that domestic net investment income of life insurers reached 217.6 billion NT dollars in the first five months, 78 billion NT dollars more than last year. The increase in domestic income mainly came from realized capital gains in Taiwan stocks by insurance companies, surpassing 50 billion NT dollars in May alone. Despite the appreciation of the New Taiwan dollar in May, life insurers were able to maintain a pre-tax profit of 20.8 billion NT dollars. With the stock market hitting new highs, assets like stocks and bonds increased by 280.9 billion NT dollars annually, pushing net worth to 2.47 trillion NT dollars.
Source: YAHOO