Reported 8 months ago
Asia Cement and U-Ming have joined forces to create an eco-friendly low carbon cement carrier, 'Asia Cement No.9,' which was launched with its maiden voyage ceremony in Hualien Port on June 19, 2024. The new ship not only improves cement transportation capacity but also significantly reduces carbon emissions during voyages, fulfilling the group's environmental commitment. U-Ming highlights the addition of 'Asia Cement No.9' as a step towards green shipping efforts and sustainable development, contributing to the maritime industry's resilience against climate change. The ship's features include advanced navigation systems, safety management systems, and energy-efficient power systems to enhance operational efficiency and reduce environmental impact.
Source: YAHOO
Reported 8 months ago
Yuqing-KY (6957) conducted a public subscription for 1,105 shares at a price of 138 yuan per share before listing, attracting a total of 93,000 applications and freezing approximately 12.86 billion yuan in the market. The draw was held on the 19th with an oversubscription rate of only 1.18%, indicating strong market interest. Yuqing is set to be listed on the 25th. The company aims to strengthen its operations by expanding its commercial display rack business customer base and collaborating with well-known manufacturers to develop Ai sleep intelligent sleep beds and related sensor product series, deepening its layout in the intelligent electric bed mechanism component field. Looking ahead to 2024, Yuqing is cautiously optimistic as it continues to expand its global business order layout and negotiates cooperation opportunities with globally renowned chain cosmetic brand clients, in addition to maintaining strong demand from major clients and observing changing technology and consumer trends.
Source: YAHOO
Reported 8 months ago
Taiwan has become an international stage for countries to come and learn about elderly health housing planning, with Singapore showing interest in acquiring knowledge. As Singapore faces rapid aging and a similar demographic trend to Taiwan, they are looking at Taiwan's innovative models and expertise in elderly care housing and services. Taiwan's vibrant market for elderly housing, with features like concept villages, intergenerational living spaces, and comprehensive care facilities for seniors, has caught the attention of Singaporean researchers and developers, leading to potential collaborations and exchange of knowledge for mutual benefit.
Source: YAHOO
Reported 8 months ago
In response to the shortage of manpower in the post-pandemic era, Jia Bei Co., Ltd.'s General Manager, Lin Yunxian, introduced SPARKOZ's AI floor cleaning robots TN70 and TN10, officially named as the 'All-Intelligent Cleaning AI Floor Cleaning Robots.' These robots integrate AI technology into traditional cleaning equipment, providing Taiwan's market with efficient and reliable cleaning solutions. As the official distributor of SPARKOZ in Taiwan, Jia Bei has marked a significant leap in the cleaning technology industry. The TN70 features advanced sensor technologies, while the TN10 is compact yet powerful, both offering data management functions for increased transparency and convenience in cleaning operations. Jia Bei also offers a range of high-end cleaning equipment and is dedicated to continuously introducing innovative and efficient cleaning solutions to meet diverse customer needs and maintain a leading position in the cleaning equipment sector.
Source: YAHOO
Reported 8 months ago
Xu Xudong, Vice Chairman of Far East Commercial Bank, emphasized the importance of staff training in the context of financial mergers and acquisitions during a shareholders' meeting on June 19, 2024. He highlighted the challenges in executing mergers and acquisitions, stressing the need for matching ideals and technologies with potential partners. The bank's General Manager, Zhou Tiancai, discussed the strategic development towards a financial holding company within the Far East Group. Emphasizing the need for internal consolidation, mutual benefit, business growth, and strong capital for successful mergers, Zhou Tiancai outlined the complex process of M&A and the necessity of rigorous employee training. With the aim to enhance its capital structure, the bank distributed dividends equally between stock and cash dividends, while also planning to strengthen its competitiveness in the face of intense competition in Taiwan's banking industry compared to world-class banks in Singapore.
Source: YAHOO
Reported 8 months ago
A recent surge in container shipping capacity and rates has led to conflicting views on the future of the industry, with some predicting a correction in prices due to increased capacity and others remaining optimistic due to continued disruptions like the Suez Canal incident. While some expect prices to rise further in the short term, concerns over potential oversupply in the market remain, especially with early signs of peak demand in the shipping industry.
Source: YAHOO
Reported 8 months ago
和潤企業慶祝25周年，在全台北、中、南三地同步舉辦ESG家庭日活動，以永續生活為主軸。活動吸引逾1,500人參與，提倡無紙化、減碳減塑，並鼓勵員工日常環保行動。活動推動健康永續，包括健走減碳競賽，並展現企業對環境永續的重視。和潤透過實際行動支持公益事業，邀請公益團體參與，希望激勵更多人投入公益，為社會共融盡一份力。公司除了多角化發展、積極轉型外，也持續以ESG永續投入與實踐，展望未來將繼續推動環境永續和社會責任活動，為共創美好未來努力。
Source: YAHOO
Reported 8 months ago
According to the U.S. Department of the Treasury's International Capital Report (TIC), China slightly increased its holdings of U.S. Treasury bonds by $3.3 billion in April, marking the first increase this year. Despite the small increase in April, China has reduced its holdings by a total of $45.6 billion so far this year. Japan, the largest holder of U.S. debt, reduced its holdings by $37.5 billion in April, while the third-largest holder, the UK, decreased its holdings by $17.9 billion. Overall, foreign investors' holdings of U.S. Treasury bonds decreased from $8.084 trillion in March to $8.018 trillion in April.
Source: YAHOO
Reported 8 months ago
Benefiting from the bullish trend in the Taiwan stock market, Yuanta Financial's stock price rose by 5.47% to NT$33.75, with a 19% year-on-year increase in net profit to NT$2.515 billion in May. Overall, the 14 financial holding companies in Taiwan collectively earned NT$52.65 billion in May, doubling from last year and surpassing the 2021 record. Fubon Financial, with a net profit of NT$16.02 billion in May and a total of NT$59.43 billion in the first five months, reclaimed the profit king title among the financial holdings. With the weighted index breaking the 23,000 mark, financial stocks like Yuanta Financial and Fubon Financial showed significant gains, reflecting the strong performance in the stock market.
Source: YAHOO
Reported 8 months ago
Taipei, June 19, 2024 - Taiwan Stock Exchange announced that Tianhong (6937) has met the requirements for margin trading and securities lending after being listed for more than 6 months since December 12 last year. Effective from June 20, the company can now engage in credit transactions. In other news, Hong De Energy is making strides in green energy and the stock market is influenced by various factors.
Source: YAHOO
Reported 8 months ago
The Taiwan Securities and Futures Market Development Fund Foundation signed a memorandum of understanding with the Asian Institute of Digital Finance-National University of Singapore on June 19th, 2024. Both parties expressed their willingness to cooperate in promoting various projects for nurturing digital finance talent, including organizing training courses, industry-academia collaborations, mutual visits, international seminars, and more. This collaboration aims to enhance the competitiveness of financial industry players in financial technology.
Source: YAHOO
Reported 8 months ago
Chunghwa Telecom and Taiwan Mobile have deepened their AI strategy by expanding cooperation with NVIDIA. Chunghwa Telecom has purchased DGX H100 from NVIDIA, and through their AI 2.0 program, they are deploying various AI applications internally before expanding to external clients and government agencies. Additionally, Taiwan Mobile is upgrading its services with NVIDIA to provide a highly realistic 3D interactive experience through the launch of Graphics Delivery Network (GDN) in partnership with GeForce NOW cloud gaming service, utilizing NVIDIA's global cloud-to-edge streaming infrastructure.
Source: YAHOO
Reported 8 months ago
On June 2, Huang Renxun presented a two-hour lecture at the National Taiwan University Sports Center, revealing a list of 43 Taiwanese partner companies, causing a stir in the stock market. The unexpected inclusion of YSY into the list saw a surge in their stock price, while other companies like Qihong and Shuanghong faced declines. Following this, Qihong’s chairman utilized an opportunity during a shareholders' meeting to emphasize the company's role with NVIDIA, while companies like Foxconn also showed their support to attract NVIDIA's attention, leading to a significant increase in stock prices.
Source: YAHOO
Reported 8 months ago
Held on June 19, 2024, at 4:10 pm, the Director of the Economic Development Department of the New Taipei City Government, Ho Yi-ming, presented a specialized report at a municipal meeting with the theme of '1234 Smart Economic Development Styles. 2024: Glory of New Taipei City', highlighting recent industrial promotion achievements and the strategic application of the '4 smart economic development styles' to advance industrial development in New Taipei. The city aims to leverage industry clustering, flexible land use, abundant talent, and green energy coordination as key benefits in AI industry development, intending to establish a foundation for the New Taipei AI City, fostering a new economic landscape. Mayor Hou You-yi stated that New Taipei is home to 26 key upstream and downstream AI companies, driving the city to become an AI foundational city through core industry clustering that includes manufacturing and ICT sectors. He emphasized New Taipei's stable and conducive economic environment, which has laid a solid foundation for smart city development amidst the global AI wave. New Taipei will continue to enhance industry support to provide innovative services and employment opportunities for residents. With a focus on attracting talent, the department will collaborate closely with 24 colleges and universities in Northern Taiwan to promote international talent matching, including 13 New Taipei-based institutions offering AI programs like Tamkang University and Fu Jen University. Additionally, in terms of coordinated green and stable energy, New Taipei has pioneered enterprise carbon health check services to ensure stable power supply from generation to transmission. The city will persist in co-creating the future of smart cities with businesses, advancing the 'One-stop Investment Attraction', 'Dual Energy. Dual Axis Transformation', 'Triple Force', and 'City of Prosperity' 4 styles of smart economic development, aiming to promote prosperity in all sectors and enhance the city's economy together. (Advertisement by New Taipei City Government Economic Development Department)
Source: YAHOO
Reported 8 months ago
During the shareholder meeting on June 19, 2024, Silicon Intellectual Property (IP) giant Largan (3529) successfully passed resolutions such as the reelection of directors and acknowledgment of financial reports. Largan announced its initiation of the development of the 2nm process, aiming to inject momentum into future royalty growth. With key figures from TSMC joining Largan's board and with plans to enter the 2nm IP market in collaboration with TSMC, Largan is strategically positioning itself in advanced manufacturing processes. Despite economic challenges, Largan remains proactive in expanding its technology, collaborating with foundries, and diversifying revenue streams, showcasing stable growth in royalty income.
Source: YAHOO
Reported 8 months ago
Zhenwei Biotechnology, founded by a group of Ph.D. graduates from the biotechnology industry of National Cheng Kung University, has made significant progress in analyzing the 'inflammatory response' in the laboratory over the years. Since winning the first prize of the Innovative Entrepreneurship Incentive Program (FITI) in 2018, they have developed a variety of antibody drugs, peptide drugs, and diagnostic reagents for tracking disease progression targeting key proteins for the treatment of chronic diseases. The company also extends their technology to the skincare line 'Zhenqi Skin'. By targeting common inflammatory response factors activated by various stimuli, Zhenwei Biotechnology has developed peptide inhibitors aiming to simplify and directly address chronic inflammatory diseases caused by abnormal inflammatory responses. The company is dedicated to developing drugs not only for human chronic inflammatory diseases but also exploring the application of peptide products in various fields. Zhenwei Biotechnology is also striving to expand into the skincare, medical diagnostics, pet medical drugs, and health food markets to support their key protein antibody drug in auxiliary cancer treatment and clinical trials for conditions such as pulmonary fibrosis post-pandemic. The general manager, Du Junyi, expressed the company's hope to achieve the goal of 'broad-spectrum drugs' through their antibody drugs in the near future, after completing preclinical animal testing in the current drug development process.
Source: YAHOO
Reported 8 months ago
Taiwan's futures market rose by 439 points on June 19, closing at 23,225 points with positive spreads in various sectors. Foreign investors reduced their net short positions by 1,342 contracts to 11,596 contracts, while specific institutional investors decreased their net short positions by 7,425 contracts. Options open interest saw changes with a bearish bias and the overall market remained bullish with strong performances from electronic stocks like TSMC, UMC, and others contributing significantly to the index rise.
Source: YAHOO
Reported 8 months ago
The U.S. Federal Reserve decided to maintain interest rates in June 19, 2024, indicating a strong economy, with expectations that Chair Powell will set a lower threshold for starting interest rate cuts if inflation further slows down. This could boost the performance of risk assets like stocks and credit bonds. Global central banks, including the ECB and Bank of Canada, are expected to lead the way in cutting interest rates ahead of the Fed, spurring investment in high-yield bonds. With improved overall tech bond yields, narrowing credit spreads, and positive economic and industry fundamentals, non-investment grade bonds are supported. It's suggested to focus on B-BB rated companies with strong quarterly financials and optimistic future outlooks in industries like computers, semiconductors, fintech, and antivirus software. Market conditions indicate reduced attractiveness of U.S. credit bonds due to rising interest rate risks, while European and global bonds are becoming more appealing. In this context, it's recommended to maintain a mid-term duration amid delayed Fed rate cuts expectations. Priority asset-backed non-investment grade bonds are favored against default risks, especially during market volatility. The outlook is positive for raw materials, automotive, energy, and leisure industries. Fund managers suggest that subdued inflation and rising rate cut expectations favor bond investments, with all credit ratings expected to benefit. Historical trends show that about six months before rate cuts, market rates tend to trend downward, presenting a good opportunity to enter the market while yields are relatively high. With a focus on mid-range to high-rated investment and non-investment grade bonds, the ability to take on credit risk and choose ratings with favorable spreads can enhance return potential and investment efficiency.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, in the securities news center at 4:10 PM: Shareholders' meetings for companies like Formosa Plastics, Uni-President, Zhonghuan Semiconductor, Lungteh Shipbuilding, Goliath, and Silergy, ex-dividend and ex-rights for companies like Yulon Motor, Acer, Sheraton, AUO Photonics, and Wah Lee, and analyst meetings for various companies were highlighted. The report also mentions specific stocks to watch, stocks to dispose, changes in financing ratios for certain companies, and updates on the electronics industry with news about iPhone assembly and expanded production by Liantai, predictions of decreased TV panel shipments by 3% next year, and the impact of the strong US economy on the global economy.
Source: YAHOO
Reported 8 months ago
Due to the turbulent European political situation affecting the luxury goods market, Italian fashion brand Golden Goose announced on June 18th that it would delay its IPO in Milan. This decision was attributed to the European Parliament elections and early elections in France, leading to a 'clear deterioration' of market conditions. Golden Goose, known for its 'dirty sneakers' worn by celebrities like Taylor Swift, Gong Yoo, Song Joong Ki, Jolin Tsai, and Yang Mi, had planned to go public on the 21st with a share price set at €9.75, at the lower end of its target range of €9.50 to €10.50, aiming for a valuation of €1.86 billion. The company's shareholder, private equity firm Permira, planned to sell 30% of its stake for up to €558 million, including Invesco's agreed investment of €100 million. Golden Goose expressed that current market conditions, influenced by the European elections and early French elections, were not suitable for the IPO and stated that they would reassess the timing in the future.
Source: YAHOO
Reported 8 months ago
TOYOTA於澎湖市成立了第一個全台離島的原廠據點，提供車主全方位的汽車服務。和泰車強調持續拓展服務據點，以提供更優質的原廠服務給TOYOTA車主。
Source: YAHOO
Reported 8 months ago
Rumors of financial fraud among some listed Chinese companies have been widespread, with light and symbolic penalties imposed. Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized that criminal accountability is underway in these cases and some individuals will face imprisonment. Wu Qing outlined eight measures, including protecting investors and launching reforms to support technological innovation and productivity. The case of Fangzheng Electric, which falsified financial reports for five consecutive years, received criticism for insufficient penalties, such as a fine of 6.1 million RMB. Wu Qing stressed the importance of investor protection, strict supervision, and maintaining market fairness. The China Securities Regulatory Commission introduced eight reform measures for the scientific innovation board to promote a healthy market environment and support Chinese companies listed abroad.
Source: YAHOO
Reported 8 months ago
In Taipei on June 19, 2024, the Taiwan Stock Exchange collaborates with Ernst & Young to facilitate the sustainable development of innovative enterprises. They hold the 'Innovation x Sustainability Innovative Enterprise Matchmaking Session' with the first successful event occurring in May. The upcoming event on the 19th aims to provide a platform for innovative companies and investment institutions to accelerate business opportunities and resources. The event features 10 innovative enterprises spanning areas such as intelligent and sustainable applications, with a focus on building partnerships for further cooperation and growth.
Source: YAHOO
Reported 8 months ago
Quanta's stock price closed at 316 yuan, reaching a new high not seen since August 26, 1999. With a market value of 1.22 trillion yuan, Quanta jumped to the fourth rank on the Taiwan Stock Exchange, following only TSMC, Hon Hai, and MediaTek. Chairman Lin Baili's optimism about the future of AI has boosted investor confidence, as the company anticipates a strong performance in the second half of the year with AI servers accounting for over 60% of revenue. Additionally, Quanta's continued expansion in the server market, particularly with the NVIDIA GB200 server, is expected to drive further growth.
Source: YAHOO
Reported 8 months ago
Hanxing disclosed at a financial conference that their high education aircraft, the 'Yongying,' has entered peak production this year. The Ministry of National Defense has allocated a five-year contract for maintenance and logistics support for the 'Yongying' aircraft, with a total amount exceeding 16.2 billion NTD. Hanxing has signed an aircraft maintenance and repair outsourcing contract with the Ministry of National Defense, worth over 4 billion NTD, to secure future operations. Additionally, Hanxing achieved a record-breaking quarterly revenue in the first quarter and saw growth in profits. Their defense sector remains the main revenue contributor, while civil aviation business has shown growth due to the international travel recovery. Hanxing is focusing on profit-making products and advancing composite material technology for future aircraft development opportunities.
Source: YAHOO