Reported 8 months ago
As of June 21, 2024, freight forwarders revealed that the cabin capacity on Europe and America routes is full until July. Carriers have raised rates by about $1,000 in mid-June, but the actual impact remains to be seen. The Shanghai Containerized Freight Index (SCFI) rose by 2.85% to 3,475.6 points, marking an 11-week consecutive increase. While prices are high, the rate hikes on major Europe and America routes have been narrowing. The Mediterranean route increased by 0.14%, while the Europe and America routes increased by 3.55% to 3.87%. With global capacity reaching a historic high of 30,044,051 TEU, the market is closely monitoring the price trends amidst the surge in capacity and rates. Factors such as port strikes and increased demand are contributing to the upward trend in rates on the Europe and America routes.
Source: YAHOO
Reported 8 months ago
Climate change has intensified heat waves, with extreme high temperatures prompting alerts from the US Midwest to the Northeast this week, breaking records in cities like Boston. Studies show that the global economy may suffer huge losses from extreme heat waves, posing risks to both human health and the economy. Experts warn that as climate change worsens, the economic impact of extreme heat waves will continue to rise, affecting productivity and leading to significant financial losses. Recent analysis also highlights the disproportionate impact on different regions based on wealth, with lower-income areas experiencing greater GDP losses compared to higher-income regions.
Source: YAHOO
Reported 8 months ago
On June 21, 2024, SoftBank founder Masayoshi Son admitted at the annual shareholder meeting that the Vision Fund under SoftBank prematurely sold its stake in NVIDIA. With NVIDIA's soaring stock price, Son estimates that SoftBank missed out on over $150 billion in profit. Son also revealed missed investment opportunities, including failing to invest in NVIDIA when the company's value skyrocketed. Despite this misstep, Son has had successful investments, such as Alibaba and ARM.
Source: YAHOO
Reported 8 months ago
Following rate cuts by the Swiss National Bank and the Bank of Canada, the European Central Bank (ECB) surprisingly lowered its deposit rate from 4% to 3.75%, marking its first rate cut in five years. With a focus on controlling inflation, the ECB is adjusting its interest rates while the US Federal Open Market Committee (FOMC) has kept its rates unchanged. Apart from interest rate prospects, other signals like early ECB rate cuts benefiting the Eurozone, positive indicators in various countries, upcoming elections in Europe and the UK, China's efforts in addressing the property market issue, and rising copper prices indicate potential investment opportunities. Amid uncertain interest rate outlooks, diversified assets aligned with mainstream trends can help investors navigate market volatility and benefit from rotational opportunities.
Source: YAHOO
Reported 8 months ago
三陽公司宣布以14億元購入新竹縣湖口鄉的建地，包含29筆建物，總面積約5990坪，為了看好未來房地產市場，公司積極進行資產活化，並計畫將開發新的建案以獲得更高的利潤。
Source: YAHOO
Reported 8 months ago
After the new cabinet took office on June 21, 2024, it was anticipated that the reshuffling of senior personnel in state-owned financial institutions would be addressed in the second phase. On June 21, the Ministry of Finance approved the resignation of Xie Juanjuan, the Chairman of Land Bank, and confirmed that she accepted the invitation to become the Chairwoman of Bank SinoPac, with the official transition expected to take place in July. Xie Juanjuan, who has a master's degree in finance from National Taiwan University, had been leading the Land Bank for three years, overseeing continuous growth in credit business and a focus on sustainable policies, setting precedents such as being the first state-owned bank to venture into geothermal energy project financing. Xie's decision marks the first major personnel change in the public financial sector following the inauguration of the new president, following a trend of executives transitioning from public to private financial institutions.
Source: YAHOO
Reported 8 months ago
Apple has engaged in negotiations with Baidu, Alibaba, and a startup company called Baichuan Zhineng on June 21, 2024, seeking to provide services for Apple AI. Due to the prohibition of the use of European and American generative AI models in mainland China, Apple had to seek local partners to expand its AI business in China. In a bid to overcome restrictions, Apple is now negotiating with these mainland companies to provide AI services, as the company's plan to enhance AI applications in its products had to be put on hold. Apple has reached out to Baidu, Alibaba, and Baichuan Zhineng to seek collaboration, as the ban on Western AI models in China has led to challenges for companies like Apple. The article also highlights that Apple's smartphone sales in the Chinese market lag behind those of local brands that have integrated AI features in their phones. Samsung had faced similar challenges, launching the Galaxy S24 series with generative AI features and turning to Baidu and Meitu for support under the ban, with Baidu offering the most competitive commercial language AI model in the Chinese market. However, unlike Apple, the Chinese market is not a major contributor to Samsung's profits.
Source: YAHOO
Reported 8 months ago
Uni-President (1313) is boosting its market share in eco-friendly DOP in Japan and expanding into old factory replacement opportunities, aiming to improve profitability. Formosa (1312) is focusing on Southeast Asia, South Asia, and the United States in light of the oversupply of SM in China. Both companies have seen revenue growth in the second quarter, with Formosa's Quanzhou project showing positive feedback and Uni-President planning to increase its DOTP market share through various export channels and sustainability projects.
Source: YAHOO
Reported 8 months ago
In the wake of the US-China tech war, Huawei, a major Chinese technology company, was blacklisted and faced comprehensive restrictions. However, with strong government support, Huawei has overcome the Western blockades by introducing the 'pure' domestic HarmonyOS NEXT operating system, which will be unveiled by the end of the year with the latest Mate 70 phone. This marks Huawei's strong development capabilities and the system's innovations will be shared at the Huawei Developer Conference 2024, showcasing the growth of the HarmonyOS ecosystem and providing a new user experience.
Source: YAHOO
Reported 8 months ago
Singapore's DBS Group released a report assessing 27 emerging market economies based on key indicators as of the end of 2023, with Asian emerging markets looking 'quite healthy.' Taiwan claimed the top spot in economic health among the 27 markets due to its strong reserves from high savings and investment surplus, as well as low external and government debt. Other Asian countries ranking high include Vietnam, Indonesia, and South Korea. Taiwan's private debt, however, is relatively high at 141.7% of GDP. Despite structural challenges faced by China, the report highlighted Asia's relative economic health among emerging markets.
Source: YAHOO
Reported 8 months ago
CSC released the third-quarter plate on June 21, 2024, opening flat as expected in the rod and wire segment. Downstream industries such as screws, hand tool, steel wire, and cable manufacturers have given positive feedback, appreciating CSC's consideration for the challenges faced by downstream operators. However, there was a price increase for some steel sheets, leading to concerns about the price gap with imported products. Following the plate release, CSC introduced a new project with stable prices for general plates, relaxed dimensions, and a slight price decrease for products sold to galvanizing and rolling mills. Industry representatives emphasized the importance of not raising prices to maintain international competitiveness and expressed hopes for gradual market improvement.
Source: YAHOO
Reported 8 months ago
In order to assist Taiwan Railways in handling debt issues after its corporatization, the Executive Yuan approved the draft amendment of the 'Regulations on the Establishment of State-owned Taiwan Railways Corporation' on June 21, 2024. The amendment allows for the transfer of development rights when dealing with assets such as historic buildings, exempting them from restrictions under the State-Owned Property Act. It is estimated that after the amendment, a total of NT$147.4 billion can be allocated to repay Taiwan Railways' debts. This move is considered urgent as it aims to lower the overall cost burden by expediting debt repayment through fund asset development and disposal.
Source: YAHOO
Reported 8 months ago
On June 21, 2024, E. Sun Financial Group announced the appointment of new legal representatives and independent directors for its subsidiary E. Sun Securities, with former Taiwan Depository & Clearing Corporation Chairman Zhu Hanqiang and National Chengchi University Professor Feng Zhenyu appointed as new independent directors. Additionally, the board of E. Sun Financial Group also decided to dissolve its subsidiary E. Sun Securities (Europe). The decision to dissolve the European branch was made in response to the impact of the EU's MiFID II directive on E. Sun Securities (Europe)'s revenue, for business development and profit considerations. The dissolution process is subject to FSC approval and may be completed in the second quarter of next year. E. Sun Securities (Europe) was registered in London in 1999, obtained FCA qualification to operate brokerage business in 2000, and provided services to institutional investors in the UK and Europe for investments in the Greater China market (Taiwan, Hong Kong, and Mainland China).
Source: YAHOO
Reported 8 months ago
On June 21, 2024, the US manufacturing sector continued to expand in June, reaching a 26-month high in the Purchasing Managers' Index (PMI) due to growth in new orders and employment. The US June manufacturing PMI rose from 51.3 in May to 51.7, exceeding expectations and hitting a 3-month peak. However, uncertainty in the Eurozone due to the early French elections caused a decline in the composite PMI to a 3-month low. The US service sector PMI increased from 54.8 to 55.1, and the composite PMI from 54.5 to 54.6, both reaching 26-month highs. Overall, US economic activity in June remained strong, driven mainly by the service sector, which has seen growth for 17 consecutive months, while manufacturing activities have also improved gradually.
Source: YAHOO
Reported 8 months ago
At the shareholders' meeting of DAP Technology, a subsidiary of MediaTek, on June 21, 2024, Chairman Xie Qingjiang stated that terminal demand is gradually recovering, leading to optimistic operational performance. Forecasting a revenue growth of over 20% for the year, the company focuses on networking infrastructure and advanced AI IoT. With a strong focus on Bluetooth, satellite, broadband, and Ethernet networks, revenue from these sectors is expected to grow compared to last year, indicating positive prospects for the company.
Source: YAHOO
Reported 8 months ago
As the stock market corrected on June 21, 2024, small investors without significant funds jumped in as the market dipped by over 200 points. Taking advantage of the positive news on advanced packaging technologies, zero-fee trading for small lots surged, with group trading volumes reaching a historic high of 3.3129 million shares, surpassing major tech giants like TSMC and Foxconn. This trend attracted active trading, with trading volume and value significantly increasing by 15.19% and 13.74%, respectively, compared to the previous day. Small investors, skilled in buying on corrections, remained undeterred by high-level adjustments and made strategic moves, leading to active trading in the zero-fee market.
Source: YAHOO
Reported 8 months ago
HTC announced senior personnel changes, with CFO and spokesperson, Shen Daobang, leaving for personal reasons, and internal promotions for new accounting and finance directors. PR position will be taken over by Lu Jiade, current Legal and Corporate Governance Director. The company expressed gratitude to Shen for his past contributions. HTC emphasizes having a strong global management team and succession plan in place, ensuring stable operations and continuous global development without disruption from personnel changes.
Source: YAHOO
Reported 8 months ago
Publicly-owned banks in Taiwan have differing opinions on the housing market in the second half of 2024, with some predicting a moderate price rebound while others foresee high-end fluctuations. The Central Bank recently introduced the sixth wave of credit control measures, and the government is reviewing the new youth housing loan mechanism. The Financial Supervisory Commission emphasizes risk management in banks and protecting consumer rights, urging banks to ensure borrowers understand their future obligations and not be overly optimistic. Various factors contributing to high housing prices are analyzed, including abundant market funds, inflation driving property purchases for value preservation, and societal trends like aging populations prompting housing changes. State-owned banks are monitoring repayment sources, debt ratios, and loan-to-value ratios, assessing the difficulty of property prices falling by 2-3%. The new youth housing loan scheme has encouraged home purchases for those under 50, with about 90% borrowing for 20-30 years, showing a positive effect in promoting homeownership among young adults. Plans for managing the new youth housing loans were discussed at shareholder meetings for banks like Mega International Commercial Bank to ensure fair treatment of all loan customers.
Source: YAHOO
Reported 8 months ago
據德意志銀行研究顯示，人工智慧晶片領導廠商NVIDIA的市值已超越德國、英國和法國股市，截至20日止達3.22兆美元。由於投資人對AI發展前景看好，推升NVIDIA股價持續攀升，市值水漲船高。此外，NVIDIA18日股價首次超越微軟，成為美國市值一哥。
Source: YAHOO
Reported 8 months ago
Richtek Holdings is optimistic about the demand for advanced packaging and actively expanding production. On June 21, 2024, their subsidiary, Richtek Semiconductor, announced the construction of the K28 factory in partnership with Honcho Construction. This expansion aims to meet the growing demand for advanced packaging processes, AI chip high-energy computation, and cooling needs. Market analysts view advanced AI chip packaging capacity as vital for Richtek's future operations, as the semiconductor industry is expected to lead industry recovery. The joint construction project will involve land contributions from Richtek Semiconductor and funding from Honcho Construction, aiming for completion by the fourth quarter of 2026 to support Richtek's operational growth plan in Kaohsiung. In addition to CoWoS packaging, Richtek's expertise in 2.5D and 3D packaging technologies positions them well for strong growth in the coming years.
Source: YAHOO
Reported 8 months ago
Taiwan's stock market fluctuated downwards on June 21, with FSC Chairman Huang Tien-Mu expressing that FSC is the market's regulator and creator of systems, refraining from predicting future indices but monitoring market changes closely. The recent performance of Taiwan stocks hitting new highs similar to US stocks indicates fundamental support and economic outlook. Focus remains on investment risks, urging caution and flexibility. Discussions are ongoing regarding Taiwan's shift to T+1 settlement cycle, aligning with global practices while addressing forex concerns. Other topics include fund popularity, Renminbi outlook, and derivative trading platform developments.
Source: YAHOO
Reported 8 months ago
Taiwanese memory module manufacturer InnoDisk (2451) held a shareholder meeting on June 21, 2024, where a full board of directors was elected, with the first time selection of second-generation member Shu Dao-an paving the way for succession planning. The new board includes Shu Chung-wan (Chairman), Shu Chung-cheng, Shu Dao-an, Zheng Yan-wei, and Jia Yun Investment Company. Independent directors include Guo Zong-ming, Chen Shi-hong, Lin Jia-xing, and Lin Shu-shan. Shu Dao-an, who is the son of Shu Chung-wan and previously served as the Chief of Procurement, has been prepared for the generational transition after years of company experience. InnoDisk reported a consolidated revenue of NT$10.5 billion and a net profit of NT$1.98 billion in 2023, with an EPS of NT$4.63, and announced a cash dividend of NT$4.99062502 per share. The company expressed confidence in the memory industry's recovery trends in 2024 with increasing DRAM and NAND Flash prices, and anticipated growth driven by innovative products and R&D enhancements. Looking forward to 2024, InnoDisk foresees a revival year in the memory market, especially in the third and fourth quarters, and expects significant growth in memory shipments with the increased adoption of AI PCs around 2025.
Source: YAHOO
Reported 8 months ago
Both industrial sewing machine giant Goman (1531) and the world's largest household sewing machine manufacturer Shenn Hsing (1558) expressed optimism for their operations and shipments surpassing last year at their shareholders meeting on June 21, 2024, with Goman expecting a possible double-digit growth in the second half of the year. Despite the textile and garment industry being affected by the economic downturn last year, leading to decreased demand for industrial sewing machines, Goman's operations were impacted, but they anticipate improved performance this year.
Source: YAHOO
Reported 8 months ago
President Lai Ching-tai announced the establishment of three major committees, including 'Climate Change,' on June 21, 2024, stating that extreme climate impacts are humanity's greatest challenge. The highly anticipated carbon pricing schedule, led by the Ministry of the Environment, is also racing against time to be completed by the end of October. The initial targets for carbon levy include high-emission industries such as petrochemicals and steel, as well as tech giants like TSMC, Winbond, and UMC, accounting for 54% of total emissions. Minister of the Environment, Peng Chau-ming, indicated that Taiwan will implement this unprecedented system within the year, drawing inspiration from carbon schemes in the UK, Singapore, and Japan, which will be closely monitored by the public.
Source: YAHOO
Reported 8 months ago
According to statistics from the Ministry of Health and Welfare, cancer is the leading cause of death in Taiwan. Moved by the sudden loss of his father to pancreatic cancer, Wang Qingdong, Chairman of Junjen Group, made a vow to work towards a 'cancer-free' world. Transitioning from the semiconductor industry to biotechnology, Wang focuses on cancer treatment research by applying his expertise in semiconductor development to innovate in the field of oncology. With a strong belief in continuous learning, innovation, selflessness, and collaboration, Wang is dedicated to developing advanced cell therapy technologies to reduce cancer treatment costs and side effects, while also actively engaging in charity work to support cancer patients in need.
Source: YAHOO