Reported 8 months ago
Weiqiaoyi/Taipei Report June 20, 2024, 4:10 PM US 10-year Treasury bond yields rose, putting pressure on fixed-income assets, causing recent fluctuations in the preferred stock index. Analysts suggest that with a contraction in overall preferred stock net supply and strong market demand, preferred stock prices are likely to be supported. Fund manager insights indicate that as interest rates remain low and market consensus leans towards Fed rate cuts, the future outlook for preferred stock prices is optimistic, with room for growth. Recommended sectors include large commercial banks, insurance companies, high cash flow visibility utilities, and communication service companies. Managers believe that as Fed monetary tightening nears its end, mid to long-term funds are expected to flow back into preferred stock markets, showing promising performance.
Source: YAHOO
Reported 8 months ago
Taiwan Fertilizer Company held a grand opening ceremony for the 'Forward-looking Business Research Center' at its Miaoli plant on June 19th, 2024. With over 200 guests in attendance, including Chairman Li Sunrong and key domestic and international figures, the center will focus on three main areas: constructing clean energy businesses, developing environmentally friendly fertilizers, and promoting high-end chemicals for semiconductors. Chairman Li Sunrong emphasized the company's commitment to supporting the government's green energy policies, particularly in exploring ammonia as a clean energy source. With expertise in soil and water quality, he aims to turn Taiwan Fertilizer into a provider of clean energy and environmentally friendly fertilizers, aligning with the company's vision of 'loving the land, loving the earth, loving happiness'. In addition, the company's support for the semiconductor industry's low-carbon supply chain by providing low-carbon ammonia demonstrates its dedication to sustainability and collaboration in the high-tech sector.
Source: YAHOO
Reported 8 months ago
Huang Yen-hung on June 20, 2024, at 4:10 PM advises retail investors with limited funds to not obsessively follow daily market trends but rather maintain a bit of distance to capture long-term interest and capital gains. Despite predictions of market highs falling below 20,000 points, the Taiwan Stock Exchange surpassed 23,000 points due to professionals being too immersed in the market. It's recommended for investors to stay objective, choose investments wisely, and avoid getting too close to the market to build wealth over time amidst market fluctuations.
Source: YAHOO
Reported 8 months ago
Advanced Optoelectronics (3362) is expected to see a boost in performance in the second half of the year with the mass shipment of new high-end tablet lenses in August. The Chairman, Gao Weiya, anticipates that the company's revenue and profits for the year have the potential to reach new highs, driven by growth in the PC and NB sectors, as well as increased orders for high-end tablet lenses and new customers for its subsidiary, KaYa Optoelectronics.
Source: YAHOO
Reported 8 months ago
Recent surging orders in the semiconductor industry indicate a genuine AI trend, with fierce competition for talent to drive rapid business growth. While AI stock prices soar, financial analysts worry that company performance may not keep pace and could face downward pressure. The high cost of AI infrastructure, such as NVIDIA's servers priced at millions of dollars, signals consolidation among tech giants and advantages for established companies in the field. The second half of the year holds continued trends favoring major tech players, like Nvidia's B-series chips ramping up production, benefiting partners like TSMC. As AI growth continues, more products and applications will emerge, with Taiwan playing a crucial role in the global AI supply chain. The market outlook remains positive with Apple's AI features boosting iPhone demand, driving tech stock appreciation, and potential rate cuts by the Federal Reserve launching an anticipated rally in US tech stocks. Taiwan is viewed as a critical region for AI industry development, offering comprehensive solutions and attractive investment opportunities due to its solid position in the semiconductor industry and the global AI supply chain.
Source: YAHOO
Reported 8 months ago
SOGO百货即将推出新的联名信用卡，预计对信用卡消费额将有显著增长，多家国内银行竞相争夺发卡权。其中，国银们除了面临卡片发行问题外，还需评估合同诉讼和市场竞争，遠東商銀也在推动類似联名卡以便分食市场。过去SOGO的联名卡曾因合同纠纷而终止，而目前可能构建新的联名卡利益体系。
Source: YAHOO
Reported 8 months ago
In order to prevent Taiwan's high-tech products from being used for military purposes in Russia, Taiwan's Ministry of Economic Affairs has been expanding and revising export controls on goods to Russia and Belarus since 2023. Recently, nitrocellulose has been added to the list of controlled items, effective from June 14. Companies need to apply for export permits for strategic high-tech items and must not export to Russia or Belarus without approval. Failure to comply may result in penalties. This measure aims to prevent the misuse of Taiwan's high-tech goods for military weaponry production in Russia and Belarus.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, National Taiwan Ocean University held the unveiling ceremony of the Mulan Marine and Maritime Education Building. Dr. Zhao Xicheng, honorary doctor of NTOU and founder of the U.S. Famao Group, along with the first Asian-American female cabinet member in the U.S., Dr. Elaine Chao, unveiled the emotional building in Keelung. The new building aims to provide students with a better learning and living environment to cultivate more international maritime talents. Despite cost escalation during the construction process, Dr. Zhao Xicheng generously donated $1 million through the Zhao Zhu Mulan Foundation, helping realize the building's construction. The Mulan Building not only stands as a physical structure but also symbolizes inspiration for future NTOU students.
Source: YAHOO
Reported 8 months ago
Wu Jingfang, a lawyer from Chuang Tuo International Law Firm, discussed the implementation of the Carbon Border Adjustment Mechanism (CBAM) by the EU as a crucial part of achieving climate goals in the EU Green Deal. CBAM aims to address carbon leakage by gradually expanding to cover various industries, impacting Taiwan's export-oriented businesses. The two-stage process of CBAM, including reporting obligations and carbon pricing, requires immediate action from affected businesses to calculate and verify carbon content and comply with CBAM requirements. With the global focus on carbon leakage, countries are implementing similar carbon border control measures, emphasizing the need for effective carbon asset management to enhance businesses' adaptability to climate policy changes and maintain competitiveness in the green and sustainable economy.
Source: YAHOO
Reported 8 months ago
Lu Shumei/Taipei reported on June 20, 2024, at 4:10 PM, Darren Optoelectronics (8045) submitted an application for stock listing to the Taiwan Stock Exchange, becoming the fourth domestic company (excluding the Innovation Board) to apply for listing this year. The company is led by Chen Bishuang, with a paid-in capital of 815 million yuan, focusing on broadband network equipment and AIoT. Darren Optoelectronics closed at 143.5 yuan on the Emerging Stock Market on the 20th, a 2.03% decrease, with an average closing price of 142.95 yuan. The company recorded a pre-tax net profit of 557 million yuan last year, an EPS of 5 yuan; May's revenue was 165 million yuan, up 73.84% monthly but down 5.1% yearly, with a cumulative revenue of 815 million yuan in the first five months, an increase of 101.56% compared to last year.
Source: YAHOO
Reported 8 months ago
Chang Ruiyi/Taipei reported on June 20, 2024, 4:10 PM. Exploration Needle (6217) products are widely used in mobile phones, laptops, electric motorcycles, semiconductor testing, etc. The company's performance in the consumer market is gradually picking up, with expectations of further recovery after the second half of the year. By improving production line automation and developing high-frequency, high-speed testing needles, the company expects better performance next year with new products and increased production capacity. Despite lower revenue in the first quarter compared to the same period last year, monthly revenue picked up from the second quarter onwards, reaching new highs for several consecutive months. With around 60% of revenue coming from consumer products, an increase in end demand is expected to benefit the company's continued growth in operations.
Source: YAHOO
Reported 8 months ago
Taiwan's Vice President, Hsin-Ching Hsiao, expressed on June 20, 2024, that healthcare will be Taiwan's 'sacred mountain of body protection,' combining Taiwan's high-level medical service system with advanced AI technology from industries like IC, machine tools, and clinical experiments to form a new and interdisciplinary industrial cluster. This initiative aims to safeguard the health of the people of Taiwan and the world. Vice President Hsiao attended the '2024 Taiwan International Medical and Health Care Expo' to explore the new landscape of the medical industry, emphasizing the importance of technological advancement for sustainable healthcare development amidst challenges like aging population and shortage of healthcare staff.
Source: YAHOO
Reported 8 months ago
Benefiting from increased production capacity and performance in the ice-related business of the new plant in Thailand, Nan Chiao (1702) reported a May net profit after tax of 88.81 million yuan, a 35.16% year-on-year increase, with an EPS of 0.36 yuan. The cumulative net profit after tax for the first five months was 538 million yuan, a 109.66% year-on-year increase, with an EPS of 2.17 yuan. Nan Chiao's first-quarter profit grew by 1.7 times, driven by the production capacity of the new plant in Thailand, revenue from the ice-related business, and increased profits from mainland oilseeds. The second-phase new plant at Nan Chiao's Thai factory is expected to be completed and put into operation in the second half of the year, mainly producing baby rice crackers, baked goods, etc. The expansion is expected to become a driving force for next year's performance growth.
Source: YAHOO
Reported 8 months ago
The AI wave is driving a strong recovery in the semiconductor industry with no end in sight, intensifying the competition for Taiwanese talent overseas. Not only the four major powers of China, South Korea, Japan, and the United States but also Singapore, Malaysia, and even Germany are actively targeting Taiwanese semiconductor talent. With the semiconductor industry breaking free from last year's downturn and entering a recovery phase, the demand for talent is becoming stronger especially with the catalyzation of AI, leading to overseas giants like NVIDIA and Samsung aggressively poaching talent with Taiwan as a major target. This talent war has escalated as even Southeast Asian countries are actively pursuing Taiwanese talent, while Europe and the United States are building their semiconductor centers and clusters. Taiwan's semiconductor job market has shown a V-shaped change in recent years, reaching over 35,000 positions in the first half of 2022, dropping to a low of about 22,000 in 2023 during the industry slump, and rebounding to over 26,000 by the second quarter of 2024. The demand in semiconductor talent is expected to return to the peak of 2022 with the growth in demand driven by Tainan, Kaohsiung, and new facilities like TSMC's in Baoshan, within six months to a year.
Source: YAHOO
Reported 8 months ago
According to a survey by Cathay Financial Holdings released on June 20, the reason for TAIEX reaching 23,000 points was unveiled. The survey revealed that 47.3% of respondents believed TAIEX would rise, the highest level in over 13 years. Additionally, 37.3% expressed interest in investing in TAIEX, with the risk appetite index remaining positive for 17 consecutive months, indicating strong confidence and financial momentum among retail investors supporting TAIEX's continuous record highs. Factors influencing TAIEX's future trends included global fiscal and monetary policies, Taiwan's economic growth, the performance of US stock markets, and the stability of cross-strait relations.
Source: YAHOO
Reported 8 months ago
On June 20, 2024, the Environmental Department established the 'Green Strategic Office' in task force form to fully support the President's 'National Climate Change Response Committee.' The office will integrate and coordinate policies related to climate change and net zero transformation, expand actions for green growth, and support the committee. It emphasizes the need for inter-agency cooperation for various net zero policies and the importance of global collaboration to accelerate carbon reduction efforts.
Source: YAHOO
Reported 8 months ago
A recent survey conducted by the Central Bank on the issuance of Central Bank Digital Currency (CBDC) revealed that 70% of the public are willing to use it, with concerns mainly focused on privacy issues and record-keeping after usage. While the majority of people were unfamiliar with CBDC initially, after explanation, willingness to use it significantly increased. The Central Bank is planning further communication efforts and adjustments based on survey results to enhance public trust and understanding of CBDC.
Source: YAHOO
Reported 8 months ago
Under the AI boom, power-intensive data centers are thriving, leading tech giants' interest in clean energy sources like solar power, which has driven up demand and made it the fastest-growing energy source. Despite reliability issues with renewables like solar and wind, they only make up a small portion of total power generation due to challenges with the aging grid. However, with companies like Amazon and Microsoft prioritizing clean energy for their data centers, industry leaders see this as a turning point. Reports indicate that a significant portion of large-scale solar projects in the US come from tech giants such as Amazon, Microsoft, Meta, and Google, who have committed to using 100% clean energy, further boosting renewable energy demand. The US is expected to see a substantial increase in solar capacity this year, with solar energy comprising 58% of new electricity installations, indicating a shift towards clean energy.
Source: YAHOO
Reported 8 months ago
P&U Environmental (6771) states the increasing demand for circular economy and water resource recycling, along with stricter discharge standards, has led to a positive outlook on operations for this year. With more stringent environmental regulations and the participation of its subsidiary P&U Materials, the company expects growth in new customers and orders, anticipating a quarterly increase in operations performance. The company's downstream customers span various industries such as metal surface treatment, chemicals, textiles, electronics, and biotechnology, closely tied to the operational performance and waste water generated by customers. With the recovery of the domestic economy, the company has already seen a positive growth trend in operations this year, achieving a year-on-year revenue increase of 2.78% in the first five months, totaling 2.58 billion NTD. P&U Environmental also notes a lively market demand since the first quarter, with increased production activities and profitability, particularly in waste water treatment volume, leading to a 3-percentage-point increase in gross profit margin compared to the same period last year. P&U Materials focuses on the recycling of high-concentration ammonia nitrogen waste water, in addition to waste water treatment, and has developed recycled ammonium chloride products for electroplating and metal surface treatment industries. As P&U Materials begins operations and continues to expand, there is potential for the group's profits to grow in the second half of the year.
Source: YAHOO
Reported 8 months ago
The upcoming SelectUSA Investment Summit, organized by the American Institute in Taiwan, will see a Taiwan delegation led by Minister of Economic Affairs, Guo Zhihui, visiting the US to engage with key American companies and associations, conveying the new government's policies, understanding industry concerns, and deepening Taiwan-US economic and trade relations. The delegation will also promote US investment in Taiwan and enhance the Taiwan-US supply chain partnership. In addition, 19 Taiwanese startups will compete in the SelectUSA Tech Program, with 9 already qualifying for the finals, making Taiwan the leader in finalists worldwide. Guo Zhihui aims to lead Taiwan's industry supply chain expansion to the US and establish overseas production zones through policies such as 'inside and outside the border'. The Ministry of Economic Affairs emphasizes the alignment of Taiwan-US ideals and continuous support for businesses to expand into global markets and strengthen partnerships with US supply chains.
Source: YAHOO
Reported 8 months ago
On June 20, 2024, financial stocks in Taipei rose by 0.5% following the market trend, marking a third consecutive day of gains with a total increase of 2.34% over three days, reaching a 34-year high. Leading the surge were stocks such as Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, SinoPac Financial Holdings, and Far Eastern International Bank. Analysts indicated that financial stocks, particularly those with significant weight in financial indices, have been boosting the overall performance, with positive prospects for the future. Among the top gainers on the day were Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, and Far Eastern International Bank, with gains over 1%. Additionally, securities companies and public banks are also anticipated to perform well in the current market conditions.
Source: YAHOO
Reported 8 months ago
According to the 'Statistical Review of World Energy' released by BP on June 20, 2024, global consumption and emissions of fossil fuels hit new highs in 2023. Despite efforts in developed countries to promote renewable energy, developing nations still heavily rely on fossil fuels. The report reveals that global oil consumption exceeded 100 million barrels per day for the first time, with the demand for coal increasing as well. Carbon emissions rose over 2% to over 40 billion tonnes, with the use of fossil fuels varying across regions.
Source: YAHOO
Reported 8 months ago
At the shareholders' meeting on June 20, 2024, Yeh Hui approved a dividend of 0.4 yuan per share, including 0.2 yuan in cash and 0.2 yuan in stock. Despite a challenging year in 2023 due to poor overall steel market conditions, Yeh Hui's operations have gradually improved since the end of last year. Optimistic about the second half of this year, Yeh Hui foresees improved market conditions with the gradual easing of inflation and growth in the automotive and real estate markets driving steel demand. Yeh Hui plans to actively develop green steel materials and low-carbon coated steel products, aiming to seize opportunities in green steel and low-carbon building materials, as well as continue investing in AIoT technology to enhance product efficiency and quality through data analysis.
Source: YAHOO
Reported 8 months ago
In Taipei on June 20, 2024, at 4:10 PM, YingShuo transferred the products primarily focused on central nervous system medications, including two market licenses for oral medications to treat epilepsy and oral liquid drugs, to JianQiao. This alliance not only enriches JianQiao's product line and expands its market penetration but also allows YingShuo to receive signing and milestone fees. The products transferred include central nervous system medications for treating epilepsy and oral liquid drugs, along with the development technology of a new generation of antiepileptic drugs, offering higher safety compared to traditional options. YingShuo and JianQiao deepened their collaboration, aiming to create a win-win situation and further boost the pharmaceutical industry in Taiwan.
Source: YAHOO
Reported 8 months ago
Summer is the best season to taste green bamboo shoots, with Taipei being a major producer from June to September. Farmers' market is selling freshly harvested bamboo shoots until August 27, with a special event at Taipei Flora Expo Farmers' Market on June 22-23 offering sweet bamboo shoots directly from local farmers. Visitors can enjoy a bamboo shoot meal by collecting receipts and pictures to redeem a special bamboo shoot burger. Locally grown bamboo shoots in Taipei are known for their sweetness and crispness, promoting the consumption of seasonal and local produce to reduce carbon footprints.
Source: YAHOO