Reported 11 months ago
Jeou Flow Valve Industry (4580), led by Chairman Yang Dazhong and General Manager Qian Peiling, held a shareholders' meeting where a comprehensive board election took place, resulting in a new board of directors and management team. While Investment Director Chen Binchao and Digital Director Chen Zongxiao remain in their positions, their sons were appointed as new directors during the board transition. The company recorded a record-high consolidated revenue of 2.61 billion yuan last year but was unable to maintain high earnings per share. During the meeting, it was approved to distribute a cash dividend of 4.8 yuan. The company's general manager, Qian Peiling, shared that the order visibility extends to the fourth quarter, reflecting a positive outlook for the year's revenue challenges.
Source: YAHOO
Reported 11 months ago
According to Fubon's survey, currently, stock and fund investment is nearly a national activity for 70% of Taiwanese people. To plan retirement finances effectively amidst stock market fluctuations, Lin Binghui, Chairman of the Taiwan Depository & Clearing Corporation and Fubon Securities, emphasizes the importance of early retirement planning for a long and happy retirement life. Through efforts like organizing seminars and online events, over 100,000 individuals have initiated their retirement planning steps with tools like the 'Depository e-Handicap App' and Fubon's exclusive fund management app, downloading reaching nearly 150,000 individuals in just half a year. Lin also stresses the necessity of preparing for post-retirement challenges, such as cognitive decline or fraud, by developing additional mechanisms like combining care trusts, pension payments, and asset retention, ensuring worry-free retirement living.
Source: YAHOO
Reported 11 months ago
On June 24, 2024, Yuanyi Chen, the manager of Cathay Marathon Fund, provided insights on the general economy and market observations. The US May CPI registered a year-on-year increase of 3.3%, lower than the expected 3.4%, and the core CPI reached 3.4%, a new low since April 2021, leading to the likelihood of a 2-point rate cut this year. With Taiwan's PMI returning above the business cycle line, export orders exceeding expectations, a stable Taiwan dollar, and increased foreign investment in the stock market, the technical indicators suggest a bullish market. Chen suggests focusing on tech stocks related to AI, monitoring Apple's new AI operating system, and anticipating TSMC's pricing and capital expenditure adjustments, emphasizing strategic stock selection over market timing and diversification among industries.
Source: YAHOO
Reported 11 months ago
According to recent data released by the Ministry of Commerce of mainland China, the actual use of foreign direct investment (FDI) in China declined by 28.2% in the first five months of 2024 to 412.51 billion yuan, continuing a downward trend for 12 consecutive months. Despite the decrease being attributed to a high base last year, the overall investment environment is expected to improve with the effectiveness of policy measures. New foreign-invested enterprises set up in China during this period increased by 17.4%, with the manufacturing sector attracting a significant portion of FDI. However, factors such as rising labor costs and changing policies have affected China's attractiveness to foreign investors.
Source: YAHOO
Reported 11 months ago
Pengyillion's (6613) general manager, Ma Wei (left), and Rui Ze's general manager, Zhou Guhua (right), are optimistic about the global semiconductor industry's regional autonomy development, with positive order intake in Taiwan, China, and Southeast Asia; especially in the Chinese market where semiconductor development is expected to grow this year and next, benefiting the company's operations. Market analysts expect this year's revenue to surpass last year's, reaching a historical high. With current orders totaling between 95 to 100 billion NT dollars, slightly lower than around 110 billion NT dollars in the same period last year, Pengyillion aims for another year of record-high revenue. The company's CFO, Ou Junyan, mentioned that if all convertible bonds are converted, the total outstanding shares will increase from 3.3 billion NT dollars to 3.8 billion NT dollars, thus the full-year earnings per share after tax performance compared to last year is still under observation.
Source: YAHOO
Reported 11 months ago
Huang Junkai and Huang Zihao, partners and lawyers at Huanjing Law Firm, discussed the implications and possible trends of carbon fee collection from an enterprise compliance perspective. Under the Climate Law, specific industries like power generation, steel, refining, cement, semiconductor, and panel manufacturing must conduct greenhouse gas inventory. The article clarifies the scope of inventory subjects, the obligation to pay carbon fees, and the possibility of future adjustments in carbon fee collection.
Source: YAHOO
Reported 11 months ago
Dell, once a top three PC player in the local market, is further retreating from the commercial PC sector in China due to the country's revised procurement policies, excluding US brands from bidding. Dell's market share in China has dropped from double digits to low single digits, with the total shipments potentially falling below 2 million units this year. While Dell's PC production chain still relies on components from mainland China, the assembly process has shifted towards Southeast Asia and Taiwan. Meanwhile, Lenovo has gained advantages in public and private institutional tenders, and Huawei has significantly expanded its PC market share in China, filling the gap left by Dell. Despite Dell's move away from China, it continues to focus on AI servers/data centers and aims to regain its presence in the commercial PC markets in North America and Europe.
Source: YAHOO
Reported 11 months ago
NVIDIA is inundated with orders as the AI wave sweeps the globe, recently securing a major contract in the Middle East with Qatar's telecom group Ooredoo to supply chips for data centers across the region, marking NVIDIA's first large deal in the Middle East post US chip restrictions. This move is expected to benefit NVIDIA's AI accelerators and GPU sales, especially focusing on data center GPU models like L40 and H20 initially. Ooredoo plans to invest $1 billion to expand data centers and upgrade with NVIDIA's GPUs, despite US export restrictions on high-end AI chips to China, showcasing potential loopholes in the ban. The collaboration underlines increasing demand for NVIDIA's chips and the challenges faced by US in curbing their distribution in global markets.
Source: YAHOO
Reported 11 months ago
Shin Kong Life is investing significant resources into the 'Pearl Project' to cultivate quality insurance agents by creating a learning platform where top agents share their experiences and skills to help newcomers quickly grow and improve performance. Through this program, young agents can become shining 'pearls' in the insurance industry with the guidance of experienced mentors. By promoting mutual learning and prosperity, Shin Kong aims to reshape its business model, providing part-time marketing opportunities, increased rewards, and comprehensive training to encourage self-development and entrepreneurship among agents.
Source: YAHOO
Reported 11 months ago
為深化與友善國家之經貿合作，經濟部產業園區管理局籌組16家臺廠赴泰國參加「2024泰國國際工業製造週展會」，與泰國相關協會洽談商機，並參訪當地工業區與投資案例，掌握發展潛力，以強化臺灣產業在全球的地位及影響力。
Source: YAHOO
Reported 11 months ago
WELLENS (5283) held a shareholder meeting on June 24, 2024, with General Manager Lin Qin-hong stating that despite a loss in the first quarter due to late warm weather affecting air conditioner sales and increased expenses from moving offices and production lines to a new headquarters, the second quarter is expected to return to profit with rising temperatures post-Dragon Boat Festival boosting air conditioner performance. WELLENS focuses on developing Google TV, large light commercial air conditioners, and AI smart home appliances, expanding into specialty channels like real estate projects. Despite challenges, the company aims for revenue growth, with a new lineup including Google TV in the third quarter, and a focus on B2B channels and real estate market.
Source: YAHOO
Reported 11 months ago
Midas (1560) held a shareholders' meeting on June 24, 2024, where Chairman Lin Boquan pointed out the strong demand in the semiconductor industry. The company plans to actively develop diamond discs and recycled wafers required for advanced semiconductor processes. With gains in the semiconductor sector and an optimistic outlook for the second half of the year, Midas is expected to see significant growth. The company's focus on diversification and market stability, especially in the semiconductor sector, is seen as a key factor for future growth. Progress in diamond disc certification with major international IDM clients is proceeding smoothly, with shipments expected by year-end.
Source: YAHOO
Reported 11 months ago
On June 24, 2024, the total odd lot trading volume during the intraday and after-hour session reached 66.321 million shares, with TSMC leading at 6.0597 million shares. Despite TSMC's sharp drop breaking the 5-day moving average line, a surge of small odd lot buy orders flooded in, pushing odd lot trading volume to over 6.05 million shares, marking a two-month high. Other high dividend ETFs such as Yuanta Taiwan Top High Dividend (00919), Fuhua Taiwan Technology Preferred Dividend (00929), and Yuanta Taiwan 50 (0050) also saw increased trading volumes, leading to an overall odd lot trading volume surpassing 66.32 million shares, the fourth largest this year.
Source: YAHOO
Reported 11 months ago
According to reports on June 24, 2024, Apple is seeking to catch up with the artificial intelligence (AI) trend by engaging in discussions with several AI companies, including long-time competitor Meta, the parent company of Facebook. They are considering integrating Meta's generative AI model into Apple's new AI feature, Apple Intelligence. Apple's stock price rose by 0.1% to $207.75 on the 24th, reflecting an overall growth of nearly 8% this year. By collaborating with partners like Meta, Apple aims to tackle more complex tasks. The potential partnership signifies a shift in the relationship between tech giants towards cooperation in the AI era, offering subscription-based AI services through Apple Intelligence.
Source: YAHOO
Reported 11 months ago
In an interview on June 24, 2024, at 4:10 pm, Wu Chengwen, the chairman of the National Science and Technology Commission, discussed future policy directions. With the rise of sovereign AI, Wu emphasized the need for Taiwan to localize key application systems. He highlighted the importance of developing Taiwan's own system to maintain data security and national security, focusing on cultivating domestic system developers and identifying opportunities in areas such as drones and healthcare. Collaboration between government departments and academia aims to achieve application autonomy in various sectors to avoid risks of supply chain disruptions.
Source: YAHOO
Reported 11 months ago
In recent times, various regions in mainland China have been experiencing frequent irregularities in tax collection, with a Hubei-listed company recently announcing the need to pay taxes from 30 years ago. More than 20 provinces have established 'Tax Police Joint Operation Centers' to combat tax-related criminal activities, reflecting financial difficulties in local governments and causing concerns for enterprises about potential further tax crackdowns. This situation is attributed to the dwindling finances of local governments due to decreased land sale revenues, leading to stringent tax enforcement measures and market anxieties.
Source: YAHOO
Reported 11 months ago
The Taiwanese stock market is focusing on the ex-dividend trends of the three major shipping companies, with Evergreen to go ex-dividend on 27th, distributing a cash dividend of 9.965 NTD per share, and Yang Ming to go ex-dividend on July 9th, distributing a cash dividend of 2 NTD per share. Despite some market fluctuations, analysts remain optimistic about the dividend prospects of Evergreen and Yang Ming due to the upcoming traditional peak season in the third quarter for container shipping industry.
Source: YAHOO
Reported 11 months ago
Following cloud service providers AWS, Google, and Microsoft planning to set up data centers in Taiwan, Apple is reportedly also planning to establish a data center there. The company is currently collaborating with Taiwan's clean room and electromechanical integration company to design the project, with expectations to announce the plan by the end of this year. With Taiwan becoming a hub for global cloud giants, companies like Nvidia intend to establish a second AI supercomputer center, Google has invested NT$20 billion in the Zhangbin area, Microsoft is investing around NT$40 billion to build a large data center in Taoyuan, AWS plans to invest billions of US dollars in the Greater Taipei area over the next 15 years, and now Apple aims to build in the northern region, collectively indicating a total investment exceeding NT$100 billion from these tech giants in Taiwan.
Source: YAHOO
Reported 11 months ago
Amid increasing tensions between China and the U.S., Southeast Asia has emerged as the preferred destination for companies looking to diversify their supply chains, following the relocation of production lines from China. This trend is popular not only among European and American companies but also among mainland Chinese firms. The region has benefited from the 'China +1' phenomenon, with both foreign and Chinese enterprises diversifying their supply chains and operations. Factors such as the COVID-19 pandemic lockdowns and geopolitical tensions have further accelerated this trend, leading to a significant increase in investment inflows into Southeast Asia. Investments in ASEAN countries have grown to $236 billion in 2023, surpassing the average annual investment of around $190 billion in the previous years. The majority of funds flowing into Southeast Asia come from the U.S., Japan, the EU, China, and Hong Kong.
Source: YAHOO
Reported 11 months ago
According to Taiwan Banks' exchange rate bulletin, the cash buying rate for the Japanese Yen has dropped below 0.205 yuan, reaching a 38-year low against the US Dollar. International banks believe that the Japanese Yen challenging the 160 mark is due to weak inflation, the US-Japan interest rate differential, and concerns about forex intervention risks. Public banks predict that the Japanese Yen has not bottomed out yet and may reach 160, serving as Japan's last defense line. Short-term progress sees a potential rise to 162 yen.
Source: YAHOO
Reported 11 months ago
According to Taiwan Depository & Clearing Corporation statistics, over 12 million stock investors and fund beneficiaries in Taiwan allocate around 70% of their investments in stocks and funds, making it a crucial financial tool for Taiwanese. The survey by Capital Securities reveals that stock and fund investments are nearly a nationwide trend, covering 70% of financial behaviors among the people. Within these investments, individual stocks account for about 47%, ETFs for 37%, and active stock-bond funds for around 35%, showing that these three types of assets are the mainstream financial tools for Taiwanese. The rise of retirement financial planning has been attributed to the rapid growth of high-dividend ETFs in recent years, as the aging population in Taiwan is expected to surpass 19%, highlighting the significant demand for retirement financial planning.
Source: YAHOO
Reported 11 months ago
Public construction projects are abundant, and construction giants are expected to make significant profits this year. New Asia Construction (2516) announced on June 24, 2024, that they have achieved good progress in order receiving this year, with contracts totaling 11 billion NT dollars in the first half of the year, exceeding the annual target. By selecting high-profit projects, they expect an improved profit for the year. With a current total project amount of around 75 billion NT dollars and unfinished projects of about 45 billion NT dollars, the company plans to focus on profitable orders, leading to a potentially increasing gross profit in the future.
Source: YAHOO
Reported 11 months ago
Japanese officials are on standby 24 hours a day ready to intervene as the Japanese Yen nears the 160 per US dollar mark, with experts predicting a potential drop to 170 yen if it falls below. Former officials note that the yen is no longer considered a safe-haven currency, and the government has previously intervened with 9.8 trillion yen to support the currency. The Vice Finance Minister cautions that excessive currency fluctuations will have a negative impact on the economy and hints at potential government actions to prevent speculation-driven reactions in the forex market. Concerns are raised that if the yen weakens past 160 yen without intervention, it may reach a new low of 170 yen.
Source: YAHOO
Reported 11 months ago
On June 24, 2024, PCB and PCB dry process equipment manufacturer Chunyi (6664) saw its stock price rise against the trend by 5.01% to close at 251.5 yuan, recovering the monthly average. The short, medium, and long-term technical indicators have strengthened, with support at 243 yuan and resistance at 279 yuan. Analysts anticipate that Chunyi's entry into the leading wafer foundry Advanced Packaging Equipment Supply Chain and successful layout in glass substrate equipment will drive future growth, with expectations for record-high revenue and profits in 2024, attracting market funds and leading to a three-day consecutive increase in stock prices. The company holds a significant number of patents with applications in wearable devices, smartphones, electric vehicles, and automotive electronics.
Source: YAHOO
Reported 11 months ago
On June 24, 2024, international gold prices remained steady with potential inflow of safe-haven funds due to geopolitical tensions in the Middle East. However, if this Friday's core PCE data does not cool down as expected by the market, gold prices may retest $2,280 per ounce. Despite market expectations of a 1 basis point rate cut by the Federal Reserve this year, there is anticipation for a 2 basis point rate cut. Recent US economic data has been lackluster, with uncertainty surrounding September rate cuts. Gold prices saw fluctuations due to conflicting statements from Fed officials, disappointing US data, and renewed tensions in the Middle East, reaching $2,368.6 before dropping to $2,320. With better-than-expected initial US PMI data for June, rate cut expectations eased and gold prices settled at $2,320 by the end of the week, showing a 0.52% decrease from the previous Friday's closing. The future of gold prices remains uncertain, with support seen below $2,300 and technical indicators suggesting possible price support. Escalating conflicts between Israel and Hezbollah may continue to support gold prices, but the uncertainty lies in US inflation data not nearing the 2% target and the impact of recent economic indicators on the Fed's rate cut stance. The article also mentions a survey by the World Gold Council showing an increased interest from central banks in holding gold reserves, with 29% expecting to increase gold reserves in the next 12 months and 69% foreseeing a higher allocation to gold reserves in the next five years compared to previous years.
Source: YAHOO