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
Reported 8 months ago
Sinphonic Optoelectronics, the creator of Oke good sound assistive hearing aids, has launched a new upgraded version with Bluetooth and noise reduction features, catering to the real needs of users who are hard of hearing. By enhancing Bluetooth and noise reduction functions, the latest generation of Oke good sound assistive hearing aids aims to provide a better listening experience and alleviate the inconvenience caused by unclear hearing or unsuitable assistive aids in daily life. Sinphonic Optoelectronics continues its efforts in creating the best solutions for Bluetooth and noise reduction issues with its detachable products, offering users a more enjoyable communication experience while attending events, concerts, or engaging in daily activities.
Source: YAHOO
Reported 8 months ago
During Ascentech's shareholders meeting, Chairman Chen Shu-Min announced that the low Earth orbit satellite business, which accounted for around 15% of revenue last year, is expected to exceed 40% by the end of the second quarter as planned. The company will expand production capacity in Southeast Asia to meet the growing demands in the satellite communication industry, utilizing tax incentives and aiming for better tax efficiency. With a strong order backlog, the company anticipates a revenue and profit growth this year, showing optimism for future expansion and performance improvement.
Source: YAHOO
Reported 8 months ago
Wei Qiaoyi, Wu Qilun/Taipei Report June 19, 2024, 4:10 PM Individual investors have transformed into new domestic investors, supporting the upward trend of the Taiwan Stock Market. Among the top ten Taiwan stock ETFs, eight have reached new record highs since listing. The performance of Taiwan stock funds and ETFs has been outstanding, with 19 funds outperforming the market by 26.92% since the beginning of the year, and 71 outperforming the market by 4.43% in the past week. Funds like Fuh Hwa Fuh Hwa and Cathay Site National Digital Age Fund have seen significant gains. These funds, along with ETFs, fueled by retail investors, have become new domestic investors supporting the continuous rise of the Taiwan Stock Market.
Source: YAHOO
Reported 8 months ago
A recent UN report highlighted the slow progress in carbon reduction globally and emphasized the need for increased energy efficiency and renewable energy capacity to meet the Paris Agreement goals. The completion of the world's first molten salt energy storage plant in Esbjerg, Denmark signifies a significant milestone in advancing long-duration energy storage technology. Funded by Denmark's EUDP program, the project aims to facilitate the storage of renewable energy and promote sustainable energy transition. The project is expected to fully commercialize by 2026, storing renewable energy in molten hydroxide salt at high temperatures to support various industrial processes and energy production while reducing carbon emissions.
Source: YAHOO
Reported 8 months ago
Taiwanese kitchen and bathroom appliance brand, Sakura, announced at their shareholder meeting that they will be launching an AI smart kitchen system, 'SAKURA AI KITCHEN', at the end of June 2024. This new system, incorporating features like AI range hoods, AI gas stoves, and AI smart kitchen cabinet systems, is expected to lead the market in innovation and customization. Leveraging their 45 years of experience and a user database of 7 million, Sakura aims to seize opportunities in new development projects and household replacements with their AI-integrated products. This move signifies Sakura's commitment to innovation and market leadership in the kitchen appliance industry.
Source: YAHOO
Reported 8 months ago
Google Taiwan recently held a press conference for the 'Google Cybersecurity Talent Development Program', partnering with National Taipei University of Technology's Industry-Academia Collaboration Office, the Institute for Information Industry, and other industry partners. The goal is to collaborate in cultivating 2,000 cybersecurity professionals by the end of 2025 to create a more secure and resilient digital environment in Taiwan. The initiative aims to bridge the gap between academia and industry, elevate students' professional skills, and enhance Taiwan's digital security infrastructure.
Source: YAHOO
Reported 8 months ago
Benefiting from the recovery of commercial PC demand, the first quarter of 2024 saw Taiwan's PC market shipments performing better than expected, with a total of 489,000 units according to IDC. Although there was a 2.9% year-on-year decrease, commercial PCs ended a five-quarter decline and began to grow annually by 2.1%, with commercial laptops showing growth for two consecutive quarters. IDC predicts a further 3.3% year-on-year decrease in PC shipments in the first half of 2024, but with the introduction of AI PCs in the second half, the market is expected to grow by 1.2% compared to the same period last year. Nevertheless, IDC expects a slight decline of 2.8% in desktop shipments and a growth of 0.8% in laptops for the entire year, lower than the earlier forecast of 1.9% growth, with an overall decrease of 1% year-on-year. Looking ahead, the increasing development of AI applications towards personal devices and the discontinuation of Windows 10 support by Microsoft in 2025, along with the accelerated adoption of AI applications, are expected to stimulate a replacement cycle in the market.
Source: YAHOO
Reported 8 months ago
As of 4:10 pm on June 19, 2024, Longyuan (5530) held 1,061 shares of TSMC. With TSMC's stock price hitting a new high on the 19th, investors expect Longyuan to benefit, attracting buying interest and closing at 53.5 yuan, a new short-term high with a 9.07% increase, pulling a long red K bar. The daily K value continues to cross the D value upwards, and the monthly line has been up for five consecutive months. Despite a nearly 41.8 billion yuan contractual liability and a 0.67% year-on-year revenue decline to 1.668 billion yuan in the first five months of this year, prospects are promising given the aging population trend.
Source: YAHOO
Reported 8 months ago
During their shareholder meeting on June 19, 2024, Nanya discussed the opportunities in electronic materials, anticipating strong business development in the second half of the year, especially with the resurgence of electronic demand driven by AI and semiconductor trends. With a focus on high-value electronic materials, Nanya is optimistic about growth as they transition towards advanced applications like AI servers, DDR5, and innovative materials for various sectors including healthcare and green products.
Source: YAHOO
Reported 8 months ago
During Nan Shan Life's shareholder meeting on June 19, 2024, Chairman Yen Chung-yao announced the completion of their new commercial office buildings in the Xinyi development area. By 2027, over 90,000 ping of premium commercial office space will be available for rent, potentially bringing an estimated stable rental income of about 5 billion NTD annually. Nan Shan Life's aggressive real estate investments in the Xinyi area indicate their rise as a major landlord and commercial office operator, surpassing competitors like Fubon Life. Despite rising interest rates affecting investment returns, Nan Shan Life plans to continue expanding its real estate portfolio with new properties, such as a chemical warehouse in Tainan.
Source: YAHOO
Reported 8 months ago
According to VASP Association, different countries have varying approaches to regulating virtual assets. VASP pointed out similarities between Taiwan and Japan's Virtual Currency Exchange Association (JVCEA), highlighting the possibility of learning from JVCEA's practices. The JVCEA, formed in response to hacking incidents in the past, now works closely with financial authorities in implementing clear regulatory measures. Japan's proactive regulation includes self-regulatory norms, government-established laws, and detailed guidelines, with about 10 million virtual asset accounts in Japan. Through JVCEA, industry standards and government compliance are achieved, covering areas such as insider trading, anti-money laundering, wallet regulations, and cybersecurity readiness.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, at 4:10 PM, Chen Ruijue, the general manager of KGI Futures, will transfer to Chairman of Fubon Futures, with Fubon Financial Holding and Fubon Bank set to announce the news soon. In the securities industry, it is expected that KGI Futures' new general manager will be promoted internally, with Senior Vice President Wang Dunren likely to take over. Following Chen Ruijue's appointment, Fubon Securities' general manager, Guo Yongyi, will become solely responsible for securities business, and these two personnel changes are set to take effect from July. Chen Ruijue has been involved in the futures industry for nearly 30 years, holding various positions such as Chairman and General Manager of Sinopac Futures, Director of KGI Capital, and others. Throughout his almost 20-year tenure at KGI Futures, he successfully led the company towards growth and achieved a 20% market share in the options market, closely competing with Yuanta Futures.
Source: YAHOO
Reported 8 months ago
The Financial Supervisory Commission (FSC) is promoting Trust 2.0, which has shown positive results through active inter-agency communication. The Secretary-General of the Trust Association, Lu Hui-rong, pointed out that in the past, houses under 'trusts for the benefit of others' were not considered self-occupied residences, leading to higher tax rates. However, after efforts from the Trust Association and various sectors to communicate with the Ministry of Finance, the Ministry has recently issued a new directive allowing such trusts to be taxed at the self-occupancy tax rate for land and property taxes. This change aims to provide tax benefits for trust properties used to care for disabled family members or minors.
Source: YAHOO
Reported 8 months ago
Shen Meixing / Hsinchu reported on June 19, 2024, at 4:10 pm, Powerchip's General Manager Xie Hanzhang chaired the company's shareholders' meeting. Powerchip's heavy electrical business has started receiving orders for 2027, with an optimistic outlook until 2030, expecting better operational performance each quarter this year compared to the same period last year. The company anticipates a more than 20% increase in the heavy electrical business's performance this year, with a chance to achieve record-breaking revenue and profits for the full year. The company is actively developing AI and semiconductor equipment for AI servers and liquid cooling systems, aiming to contribute to revenue next year.
Source: YAHOO
Reported 8 months ago
Taiwan Fertilizer Co. unveiled its new business unit, the 'Forward-looking Business Research Center,' on June 19, 2024, at its plant in Miaoli. The center will serve as its platform for clean energy, focusing on three key areas: the development of clean energy products, eco-friendly fertilizers, and the promotion of high-end chemicals for semiconductors. The company plans to focus on promoting ammonia as a source of hydrogen energy with zero carbon emissions. Taiwan Fertilizer has already initiated collaborations with over ten companies in Taiwan, Europe, and Japan to form an international 'Ammonia Energy Alliance,' aiming for sustainable development across various industries.
Source: YAHOO
Reported 8 months ago
As the demand for AI computing power increases, cloud data center architectures are shifting, with traditional air cooling reaching its limits in handling high chip heat levels. Immersive liquid cooling has emerged as the future solution, with single-phase immersion cooling technology being mature and actively pursued by companies like Wiwynn and Gigabyte. The liquid cooling market is projected to reach $6.215 billion by 2025, with companies focusing on efficient cooling solutions to reduce energy consumption for high-performance servers.
Source: YAHOO
Reported 8 months ago
Reported by Peng Weilin in Taipei on June 19, 2024, at 4:10 PM, the major power supply manufacturer Delta Electronics (2308) is set for shipment of the Huida GB 200 server, with foreign investors optimistic about its momentum in the second half of the year, upgrading its rating to 'Buy' and significantly raising the target price. Delta Electronics has seen continued buy support from the three major institutional investors for 6 consecutive days, with a total surplus of 32,000 shares, and the stock price has broken through the previous high of 365 yuan. Institutional analysts noted that Delta Electronics' high-performance AI server power supply to server assembly plants like Foxconn has concentrated large orders in the second half of the year, with the first batch of GB 200 soon to be launched, transitioning Delta Electronics' power supplies into the shipping phase. Currently, AI-related power products account for about 5% of revenue, have a market share exceeding 50%, and have raised the market share of DC-to-DC AI power supplies to 75%. AI liquid cooling products are expected to ship in 2025. Analysts are optimistic about developments in non-AI areas such as cloud computing, sensors, and consumer products. AI PCs and gaming machines will be successively launched, enhancing the momentum in consumer products. Industrial automation business is expected to see double-digit growth in the second half, while electric vehicle orders may decrease by 10%, but profits continue to rise. *【Warrant investment carries risks. The information in this section is for reference only and does not constitute an invitation, solicitation, or any other recommendation, readers are advised to carefully consider.】For more Commercial Times reports, 16 green energy concept stocks with potential, and Taiwan Hwacom: Dominant seller in shipping market in H1 next year; China and Switzerland plan stock market connectivity.
Source: YAHOO
Reported 8 months ago
The '2024 Foreign Investment Selects Top 100 Companies in Taiwan' (FINI 100) list will be announced in September. The Taiwan Institute of Directors revealed that the top 100 companies account for 46% of the total market cap. The average market cap of these companies is $3.3 billion USD, with the total market cap of FINI 100 being 3.7 times the market average excluding TSMC's market cap. Notably, the average foreign ownership of the top 100 companies is 26%, three times higher than the market average, with a 6.2% increase in foreign ownership. Among the industry sectors, technology has the most representation with 71 companies, followed by manufacturing with 19 companies, consumer goods with 7 companies, real estate with 2 companies, and healthcare with 1 company. The Taiwan Institute of Directors emphasized the growing potential of middle-sized companies and highlighted the importance of international growth and strategic decision-making at their annual conference held on June 19th.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, Dr. Dan Ji, Honorary Professor at National Central University and Member of the Asia Pacific Industry Analysis Professional Advancement Association (APIAA), discussed the significance of the Comparative Advantage theory and the Heckscher-Ohlin (H-O) model in international trade. However, the impact of technological advancement on production efficiency and capacity, through product and process innovation, challenges the traditional H-O model. The concept of creative destruction by Joseph Schumpeter explains how innovations like NVIDIA's GPUs can revolutionize markets. Markets are constantly reshaped by disruptive innovations, exemplified by the rise of electric vehicles from China in the automotive industry, amid high tariff barriers among nations. Whether the Overcapacity theory can withstand the winds of disruptive innovation forecasts the future of international trade dynamics.
Source: YAHOO
Reported 8 months ago
India's IPO market has been thriving since last year, with a total of 130 companies listed in 2024 raising a total of INR 313 billion. This pace suggests that India is on track to surpass last year's IPO numbers and set a new record. The surge in IPOs in India is attributed to policies from the Securities and Exchange Board of India, increasing retail investor participation, and a bullish stock market, particularly driven by technology startups like Swiggy, Ixigo, Unicomcommerce, and MobiKwik. Indian IPOs are not only attracting domestic companies but also expanding their appeal to foreign companies like Hyundai India aiming to raise $2.5 billion through IPO. However, concerns have been raised about the overheated market valuations, with India's stock market currently valued at around 21 times earnings.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, Clouded Leopard Energy (6869) became Taiwan's first company to transfer from the Innovation Board to the Main Board. However, its stock price fell by 3.81% on the first day of listing to close at NT$139. With a revenue growth of 4.33% in the first five months of this year and the upcoming traditional peak season in the second half of the year, driven by energy storage projects and progress in sewage treatment contracts, coupled with a significant increase in electricity sales revenue, the growth momentum for this year appears promising. Clouded Leopard Energy focuses on green energy, environmental protection, and circular economy, aiming for long-term stable returns. The company is expanding its reach to the Asia-Pacific region, collaborating with partners to invest in various energy projects and renewable energy development overseas for higher investment returns.
Source: YAHOO
Reported 8 months ago
The Taiwan Directors Institute held its annual meeting on June 19, 2024, where founder Tsai Hong-qing released the '2024 Taiwan Board of Directors White Paper,' pointing out concerns behind Taiwan's rapid capital market growth. The white paper analyzed Taiwan's international competitiveness and urged support for small and medium-sized enterprises to enhance their global competitiveness through capital market access. Despite Taiwan's strong GDP performance, concerns remain about company size, profitability rates, and return on equity. The institute emphasizes the need for strategic measures to sustain Taiwan's economic progress in the long term.
Source: YAHOO
Reported 8 months ago
During the shareholders meeting on June 19, 2024, Chairman of PChome, Jameson Tan, stated the company will continue expanding without layoffs after restructuring. Due to cost reduction and profits from subsidiaries, PChome's losses in the first quarter of this year decreased, with similar performance expected in the following quarters aiming to return to profitability by the end of the year. Tan expressed dissatisfaction with the undervaluation of PChome in the market and hopes to gain recognition through restructuring and subsidiary contributions. Despite the challenging e-commerce profit margins, Tan emphasized PChome's strategy to earn profits and continue expanding as a necessary move for the company, especially in the competitive 3C product market.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, the International Monetary Fund (IMF) and the People's Bank of China jointly announced the establishment of a new IMF regional center in Shanghai to strengthen IMF's work and partnerships in the Asia-Pacific region. This center is expected to serve as a hub for research, providing policy insights for emerging markets and middle-income countries. The center aims to deepen understanding of member countries' perspectives and promote international economic cooperation, enhancing financial stability globally and regionally. China has the second-largest IMF quota, and with the center's establishment, it will facilitate communication with regional members and stakeholders for targeted capacity-building activities.
Source: YAHOO