Reported about 1 year ago
國泰金控副董事長蔡鎮宇計劃在2024年7月1日前收購兩家銀行的股權，但金管會表示須事先向他們申請核准，持有銀行股權逾10％、25％或50％時，必須備妥十項要素，包含申請書表、資金來源說明及經營策略合理性說明等。金管會對私募基金模式有所開放，只要有助提升銀行經營，解決財務問題等，個案可考慮核准，不事前設限。
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, the New Taiwan Dollar plummeted over 1 tenth under portfolio trust and foreign capital outflows, closing at 32.546, a depreciation of 9.6 points with a total trading volume of 19.385 billion US dollars, marking a decrease on the first trading day of the second half of the year. Analysts emphasize three key factors influencing the NT dollar's trajectory in the second half of the year: the Fed's interest rate cuts, the performance of the Japanese yen, and the stock market performance in Taiwan. Despite expectations of a Fed interest rate cut in September, the uncertainty in international geopolitical and economic conditions might result in a gradual rise in the NT dollar.
Source: YAHOO
Reported about 1 year ago
Du Huirong / Taipei reports on July 1, 2024, at 4:10 PM, Xun (6986) announced that its 'Mesenchymal Stem Cell Drug Production Technology' will be authorized to Collective Research Biomed with a total amount of 6 million US dollars (approximately 192 million New Taiwan dollars). The collaboration aims to develop exosomes derived from umbilical cord mesenchymal stem cells for various product developments in medical materials, new drugs, skincare, etc., focusing on wound healing treatment and medical beauty applications. Xun will receive an initial signing fee of 1.8 million US dollars in the first stage and could receive a total of 4.2 million US dollars in licensing fees in subsequent stages based on development progress, totaling 6 million US dollars. Xun indicates that this initial technology authorization marks a strong growth momentum as the company, in addition to mature CDMO/CMO services, ventures into exosome technology. Collective Research Biomed has a positive outlook on exosomes, with ongoing process research by Xun since 2022, focusing initially on wound healing and medical beauty applications.
Source: YAHOO
Reported about 1 year ago
Southern Latitude (1467) and JuangYang (1477) have been long-term dedicated to the field of smart wearables, and have recently achieved success. Southern Latitude's subsidiary, AiKe Smart Technology, collaborated with the UK's IMU dynamic capture technology pioneer Synertial to launch motion capture suits and glove systems at last year's Taipei Textile Exhibition. JuangYang, in partnership with Shin Bone (3023), has introduced a home fitness garment with electric pulse muscle stimulation in the US market as their first step towards global expansion. Both companies are focusing on smart clothing innovation and application in areas like sports training and medical rehabilitation, with plans for further development and expansion in the market.
Source: YAHOO
Reported about 1 year ago
As the results of the offshore wind power bid for the 3-2 phase scheduled for July 1, 2024, have not been announced, leading to anxiety among developers, Vow Industries, the largest wind power developer in Denmark, has proactively commissioned Taiwan Environmental Ocean Technology Company to conduct a survey of the marine cable route for the 3-2 project. This proactive move by Vow Industries before winning the bid demonstrates their strong determination. The Ministry of Economy's reserved response to this advanced survey, while some developers see it as a positive sign of Vow Industries' commitment to the 3-2 phase. Vow Industries clarified that the survey was part of their plan and showcases their commitment to completing the project on schedule.
Source: YAHOO
Reported about 1 year ago
The Japanese yen continues to depreciate against the US dollar, with the main influencing factors being the US-Japan interest rate differential. Market analysts suggest that Japan's intervention in the currency may occur when the yen depreciates to around 164. Key data affecting the yen include the US PCE at the end of July and a potential interest rate hike by the Bank of Japan in July. Factors such as the interest rate differential between the US and Japan, as well as the cautious monetary policies of both countries, are expected to support the US dollar against the yen in the short term. Although Japan has indicated possible market intervention, the current exchange rate volatility may not immediately trigger policy action. The yen's weakness is primarily attributed to slowed portfolio outflows and speculative yen short positions restrained by Japan's intervention actions. Despite the BOJ's commitment to reducing bond purchases and potential policy details in July, the yen's rebound remains limited. Economic data from Japan, such as rising fuel prices and yen depreciation, have led to increased import costs and an accelerated Tokyo core CPI, prompting expectations of a BOJ interest rate hike in July. Furthermore, the US PCE index is a crucial inflation indicator monitored by the Federal Reserve, and softer data could pressure the dollar and affect the yen's exchange rate.
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, Taiwan's leading eyewear brand Baodao Glasses, under Baodao Technology, launched the new 'Ultimate Comfort 3.0' series frames made from eco-friendly materials using castor plant seeds and partnered with Japanese optical factory Asahi Optical to introduce eco-friendly Japanese lenses, creating SDGs environmentally friendly products from frames to lenses. Baodao Technology plans to open 8 to 12 stores this year, with 6 stores opened in the first half, totaling 356 stores nationwide, surpassing the 350 stores at the end of last year. The company expects improved performance after collaborating with Asahi Optical, emphasizing sustainability and eye health.
Source: YAHOO
Reported about 1 year ago
The announcement of the winning bid for the offshore wind power 3-2 project is eagerly anticipated by bidding companies, potential green energy buyers, and winners of the 3-1 phase. The Ministry of Economic Affairs is aiming to finalize the selection process by late July after the last financial and technical review meeting on Saturday. Issues such as rumours of irregularities during the bidding process and suggestions for a fresh start with a new 3-X project have added uncertainty to the outcome. The industry looks forward to how this will impact the future of the wind power projects.
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, BlackRock, the world's largest asset management company, announced the acquisition of UK data service provider Preqin for approximately $3.2 billion, aiming to expand their online investment management platform with Preqin's data services in the private investment market. Following the merger, Preqin's data services will be integrated with BlackRock's asset management software Aladdin to provide fund managers with more comprehensive data, research, and investment management services, allowing professionals to more effectively view and adjust daily investment portfolios.
Source: YAHOO
Reported about 1 year ago
Syntrend's subsidiary, InnerAutumn Intelligent Technology, unveiled a trustworthy AI conversational engine on July 1, 2024, targeting enterprise knowledge repository opportunities using the SYSTEX AI BOX. Leveraging NLP technology, the company previously introduced intelligent customer service robots for industries like finance and healthcare. The AI BOX, powered by technologies like Advanced RAG, Prompt AI, TAIDE model, Infinitix AI-Stack, Supermicro AI servers, and NVIDIA GPUs, offers innovative AI applications for various industries by swiftly and securely establishing internal and external knowledge search and Q&A capabilities. The product's secure training foundation, combined with its placement at the enterprise end, ensures data security while being applicable across industries such as finance, manufacturing, retail, healthcare, and government, enabling scenarios like creating query assistants in government and aiding investment decisions by interpreting global financial news with RPA integration.
Source: YAHOO
Reported about 1 year ago
According to the latest Tankan survey released by the Bank of Japan on July 1, confidence among large manufacturers in the second quarter exceeded expectations, reaching a new high in over two years. This positive outlook is seen as paving the way for a potential interest rate hike by the BOJ, with analysts and investors anticipating a rate increase as early as the end of July. The Nikkei Index rose by 0.12% to 39,631.06 points, the TOPIX index hit a 34-and-a-half-year high, and the yen continued to weaken. The survey also revealed a slight decline in confidence among large non-manufacturers, particularly in the retail sector, attributed to factors such as the depreciating yen, labor shortages, and weak private consumption.
Source: YAHOO
Reported about 1 year ago
Recently, Far EasTone and Gigabyte have both benefited from the top four ETF, exceeding NT$230 billion, switching stocks to newly included components. Far EasTone's stock price surged by 2.73% on July 1st, exceeding the previous high and closing at NT$86.4, showing a bullish trend; while Gigabyte's stock price also rose by NT$1 to close at NT$115, indicating buying support. Far EasTone has seen significant revenue from 'big data' technology-related applications in the past five years, reducing carbon emissions, and Gigabyte is benefitting from strong momentum in solid computer business and the recovery of the PC industry. Both companies are optimistic about future operations and market demands due to the switching of stocks in the large-scale ETF. Far EasTone has been focusing on the 'big data' field and aims to grow and deepen subscription services, with an expected ratio of over 20% to 30%. Gigabyte has achieved a historic high in cumulative revenue and is optimistic about future operations, targeting a growth of 7-12% this year.
Source: YAHOO
Reported about 1 year ago
UMC (1560) benefited from a one-time testing of wafer from customers in May, with consolidated revenue reaching NT$6.1 billion, a 13.1% monthly increase and a 12.4% yearly increase. The company is expected to perform well in the second quarter; in the second half of the year, with the mass production of 3nm chips by a major client, the shipment of diamond discs is expected to grow by over 40%. UMC's stock price continued to rise on the 1st, closing at NT$345, up 5.18%, hitting a new high. The short and long-term moving averages are turning upward, showing a clear bullish trend, with moderate overall trading volume. With the continuous advancement of customers in cutting-edge processes, UMC collaborates closely with them, with institutions optimistic about the customization opportunities in diamond discs and the introduction of new technologies for 2nm in the back-end supply of wafers bringing simultaneous increases in quantity and price.
Source: YAHOO
Reported about 1 year ago
Aluminum and iron ore shipments are booming, causing the Cape shipping rate to exceed $30,000. The Baltic Dry Index (BDI) rose for the fourth consecutive time, reaching 2,158 points on July 1, with Cape ships leading the increase. Mainly driven by strong shipments of Brazilian iron ore and West African bauxite, Cape shipping rates have risen continuously for four days, standing at 2.38 times the average rate from July last year. The demand for bauxite is expected to grow by 8%, making Cape ships the best-performing vessel type in bulk shipping this year.
Source: YAHOO
Reported about 1 year ago
Billion Opto (2393) has rid itself of operational burdens this year and its operations are expected to grow quarter by quarter. With a stable dividend policy, it has been included in two ETFs, 00929 (Fubon Taiwan Technology High Dividend) and 00943 (SinoPac Electronics High Dividend). This marks the first time an LED stock has entered an ETF, making Billion Opto a new favorite for ETFs with high dividends. The inclusion has also attracted buying interest from institutional investors, with funds steadily increasing their holdings in Billion Opto.
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, AS Water Advanced, a Taiwanese environmental technology company, became the first private enterprise in Taiwan to win the International Water Association (IWA) Global Project Excellence Award. The company was recognized for its innovative and sustainable progress in membrane water treatment. This award was presented at a forum aimed at promoting deeper discussions on water treatment and resource recovery, with a focus on fostering interdisciplinary collaboration towards innovative water and wastewater management solutions, optimizing environmental tools and policies. The IWA highlighted AS Water Advanced's achievement in setting new industry standards by introducing Air Scrubbing Efficiency (ASE) and optimizing the balance between operational efficiency and maintenance needs in MBR systems.
Source: YAHOO
Reported about 1 year ago
Several life insurance companies announced a 10% reduction in travel insurance premiums on July 1, following the implementation of the new insurance regulations. The reduction aims to make travel insurance (TPI) more affordable while maintaining coverage. With summer being a peak travel period, especially for domestic trips, accidents are more common during this time. It is emphasized that regardless of traveling domestically or internationally, it is essential for people to purchase TPI before their trips to ensure complete protection, with considerations such as adequate medical coverage and convenient digital processes for purchasing TPI.
Source: YAHOO
Reported about 1 year ago
Taipei, July 1, 2024, 4:10 pm - Yageo (2402) announced its June revenue, reaching 854 million NTD, up 10% monthly and 23% annually, hitting a new high in nearly a decade, driven by strong demand in automotive electronics. The company predicts a positive outlook in the automotive electronics market, expecting continued growth in revenue throughout the year. Second-quarter revenue was approximately 2.383 billion NTD, a 19% increase from the first quarter and a 15% increase compared to the same period last year, also reaching a ten-year high. Yageo plans to invest 20 million USD (about 620 million NTD) in Malaysia to establish a second subsidiary to expand its automotive product offerings. The company's global manufacturing bases currently include Taiwan, China, and Malaysia, with plans to primarily expand capacity in Malaysia over the next three years, aiming for non-China production capacity to increase to around 15% by 2026.
Source: YAHOO
Reported about 1 year ago
ASUS Chairman Shih Chong-tang recently announced plans to accelerate AI PC, AI servers, Edge AI, AIoT, and other AI strategies. To seize opportunities in edge computing, ASUS introduced solutions based on NVIDIA Jetson, catering to industrial applications like machine vision, Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), and smart image analysis. ASUS's monthly revenue in May increased by 7.69% to 44.823 billion NTD, with a 23.43% year-on-year growth. The company remains optimistic about its AI server and AI PC businesses, expanding its AI footprint with products like the ASUS IoT PE2100N/PE1101N. These solutions use NVIDIA Jetson AGX Orin for heavy tasks and Jetson Orin NX/Nano for smart city, transportation, and manufacturing applications in limited-space environments.
Source: YAHOO
Reported about 1 year ago
Recent months have seen Mainland China solidified as India's top source of imported steel, prompting concerns in the Indian industrial and governmental sectors. Indian steel plants have been calling on the local government to raise tariffs on Chinese steel. Discussions are underway by the Indian Steel Ministry and Commerce Ministry regarding the surge in imports, particularly the increase in cheap Chinese steel. India has become a net importer of finished steel, with China's shipments to India nearly doubling compared to the previous year. This trend continues, with India importing a record 1.1 million tons of finished steel in April-May 2024, a 19.8% increase year-on-year.
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, Wu Dongliang, Chairman of Taishin Financial Holdings, announced a series of personnel changes as part of a 'new generation transition.' The restructuring included appointments such as Shang Ruiqiang as Vice Chairman of the bank, Lin Shuzhen as the new General Manager, and Bao Guoyi as the new CEO. With significant changes across Taishin Financial Holdings and its subsidiaries, this restructuring is considered the largest senior management reshuffling in history.
Source: YAHOO
Reported about 1 year ago
Eastern Brother Yacht (8478) held a groundbreaking ceremony for their third assembly plant on July 1, 2024, with a projected completion by the following year. With a capital expenditure of approximately 2 billion New Taiwan dollars, the new plant covers an area of nearly 5,000 ping and will focus on producing luxury yachts over 35 meters in length, expanding the current production capacity by 50%. Anticipating strong demand for high-end luxury goods, Eastern Brother is strategically expanding to meet future product and market growth plans. This move aims to enhance product flexibility, cater to yacht owners' needs, increase market share, and contribute to future operational growth.
Source: YAHOO
Reported about 1 year ago
TSMC is set to hold an analyst conference on July 18th, with early predictions from foreign investment circles indicating a double-digit quarterly revenue growth for Q3, potentially reaching 12%. The annual revenue growth outlook remains unchanged at 20%-25%, with a possible capital expenditure for next year reaching $36-37 billion, promising surprises for the market. Analysts anticipate positive impacts on TSMC's profit margins and market positioning, with both UBS and Goldman Sachs maintaining a 'buy' rating and optimistic stock price targets.
Source: YAHOO
Reported about 1 year ago
After Eva Air (2618) was included in the ETF 00940 component stocks on July 1, 2024, mutual funds continued to buy Eva Air, accumulating a total net purchase of 589,000 shares over 23 consecutive trading days, providing support for the stock price around 35 yuan. With positive factors such as the upcoming summer vacation, the stock is successfully challenging its previous high and moving towards the 40 yuan level. Eva Air achieved revenue of 87.87 billion yuan from January to May, a 16.54% year-on-year increase, with a chance to surpass the 200 billion yuan mark for the year. Eva Air will distribute a cash dividend of 1.8 yuan on the 8th, with a cash dividend yield of approximately 4.6%. Recently, the airline service survey organization SKYRAX ranked Eva Air as the eighth-best airline in the world and awarded it for the best in-flight catering in the premium economy class globally and in Asia. Market analysts point out that the air cargo market has performed exceptionally well this year, and the July shipping volume is expected to remain strong. With the rapid increase in the number of servers exported from Asia to North America and robust e-commerce demand, the air cargo market in the second half of the year is anticipated to outperform the first half. * [Warrant investment involves risks, the information provided in this section is for reference only, not constituting any invitation, solicitation, or other suggestions or recommendations; readers should exercise caution].
Source: YAHOO
Reported about 1 year ago
On July 1, 2024, at 4:10 pm, Evertrust Development (5508) reached a historic closing high of 235.5 yuan with the support of its performance. The company saw a net purchase of 1,288 shares by the three major institutional investors on the first day, quickly hitting the daily limit-up price within an hour of the market opening. The stock's price broke through the previous high of 231 yuan on May 6, after consolidating between 190 and 216 yuan and forming a bullish pattern with a strong volume of 4,085 shares traded on the breakthrough day. If the stock price does not reverse in the short term, this successful turnover can be seen as the initial judgment of the previous peak. Additionally, Taiwan’s printed circuit board output is estimated to exceed 800 billion, and Micron's early trading surged over 9% with positive signs in the memory chip sector.
Source: YAHOO