Reported 8 months ago
Amid the AI wave, second-line graphics card manufacturers are expanding their strategies through alliances to not be left behind. Companies like Leadtek are bringing in US-based micro-suppliers as shareholders, ASRock is collaborating with its parent group and ecs to expand its competitive edge in AI servers, and Colorful is deepening its alliance with Elite in the IPC application field to deploy early in various industries' Edge AI opportunities. These companies are positioning themselves in the AI server and AI PC landscapes to keep up with market demands triggered by technologies like ChatGPT and LLM under NVIDIA's leadership.
Source: YAHOO
Reported 8 months ago
As of June 18, 2024, nine foreign institutional investors have set target prices for TSMC above a thousand New Taiwan dollars, driving TSMC's stock to all-time highs. Citigroup, Goldman Sachs, J.P. Morgan, and Morgan Stanley are among the institutions that have released reports raising their target prices for TSMC, with Goldman Sachs having the highest target price of NT$1,160, surpassing Citigroup's NT$1,150. Foreign institutions expect TSMC's revenue to grow by 29%, 39%, and 31% from 2024 to 2026, fueled by increasing demand for its advanced manufacturing processes and predictions of strong revenue from 5-nanometer and 3-nanometer processes in the future.
Source: YAHOO
Reported 8 months ago
Shengquan (Stock Code: 3122) held an investor conference announcing the mass production of Ultra Low Power Microcontrollers in the third quarter of 2025, which can reduce power consumption by about 70%. With overseas expansion benefits becoming apparent and new products like BLDC and Ultra Low Power MCU fermenting, Shengquan anticipates a year-on-year revenue growth in markets like India. Shengquan's strategic focus also includes the development of energy-efficient products and expanding its presence in overseas markets, with a particular emphasis on India, Turkey, and Japan. Their exclusive BLDC motor control MCU system and upcoming Ultra Low Power MCU are expected to drive significant revenue for the company.
Source: YAHOO
Reported 8 months ago
As Taiwan Semiconductor Manufacturing Co. considers raising 3nm production prices and advanced packaging quotes for 2025, many Chinese semiconductor manufacturers are also planning price hikes. Morgan Stanley's report stated that China's leading wafer foundry, SMIC, has a current capacity utilization rate of over 100%, with expectations to increase wafer prices by 10% in the second half of 2024 and end the two-year decline. The industry believes that the increasing wafer foundry operating rates and full production capacity of some foundries will set the stage for future price increases.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, the newly listed stocks on the OTC market had contrasting performances. Medical Impact (6637) saw a rise in stock price due to strong financial performance, while Coincidence-KY (6617) dropped below the underwriting price on the first day due to delays in the schedule for its cancer drug. Medical Impact, with no losses in its 32-year history, is expected to achieve record profits this year. Coincidence-KY faced challenges with its cancer drug and is working on expanding the drug to treat tumors in animals, showing potential in global cancer treatment.
Source: YAHOO
Reported 8 months ago
The high-priced stock comparison effect resurges in Taiwan's stock market as TSMC (2330) surged by 22 points on June 18, pushing the market to break its historical high point. The market moved closer to the 23,000 milestone, with TSMC competing in price comparisons with another high-value stock, Walsin Tech (1519). The concept stocks of TSMC also saw a surge, boosting the market to reach 19,000 points. With over 444 stocks priced at over 100 NT dollars and 6 stocks priced between 99 NT dollars and 100 NT dollars, the market is poised to break the 450-stock milestone. Foreign reports have raised TSMC's target price to 1,150 NT dollars, while Walsin Tech's target price was lifted to 1,000 NT dollars. Analysts believe that with TSMC leading the charge, the index may surpass 23,000 with the probability of more high-value stocks joining the market's elite club.
Source: YAHOO
Reported 8 months ago
In a recent statement, Formosa Plastics Chairman, Hong Fu-yuan, expressed optimism regarding the company's performance in the second quarter, expecting it to outperform the first quarter. With shareholder concerns about challenges from oversupply and competition, especially from mainland China, Hong emphasized the company's focus on operational profitability and sustainability. Looking ahead, he anticipates improved operations in the second quarter, and a cautiously optimistic outlook for the second half of the year, given stable oil and energy prices and potential easing of inflation. Formosa Plastics is also investing in green energy projects and carbon reduction initiatives to align with environmental goals.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, Nanya Technology (2408) saw a sudden surge in stock price, breaking through the upper range and closing up by 6.02% at 72 yuan. Analysts attribute this to institutional buying interest driving up prices, predicting a gradual improvement in Nanya Technology's operations in 2024, with expectations of returning to profitability and reducing production cuts. With consumer product revenue accounting for 65% and DDR3 and DDR4 revenue at 85%, analysts see increased opportunities for Nanya Technology to turn losses into profits with the production of DDR5. This development has attracted investors to enter positions.
Source: YAHOO
Reported 8 months ago
Shanghai Commercial & Savings Bank held a ceremony on June 18, 2024, at 4:10 p.m. to mark the completion and inauguration of their new headquarters building. The bank's chairman emphasized the focus on risk management and flexibility in response to rapidly changing regional environments, with plans to strengthen lending to small and medium-sized enterprises. After eight years of planning and construction, the 16-story, 4-basement level building cost approximately 3.5 billion yuan and was completed in September 2023.
Source: YAHOO
Reported 8 months ago
The IMD World Competitiveness Yearbook 2024 announced by the International Institute for Management Development (IMD) revealed that China has risen to 14th place among 67 countries, climbing 7 spots from 2023. China excelled in domestic economy but lagged in international trade rankings and continues to face challenges in the global economic slowdown. Meanwhile, Hong Kong improved in various competitiveness indicators and regained the fifth position globally. Recommendations for China include stabilizing employment, deepening reform and opening up, resolving local government debt risks, and promoting innovation for high-quality development.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, the new version of the U.S. Biosecurity Law seems to have alerted European, Korean, Japanese, and Taiwanese CDMO manufacturers to the potential for contract shifting, likely impacting the CDMO supply chain landscape. The Biosecure Act aims to prevent core data leakage in U.S. biopharmaceutical research, restricting interactions with Chinese biopharmaceutical companies. The growing importance of flexible manufacturing and stable supply chains post-COVID-19, along with geopolitical risks, is raising risk awareness in the biotech pharmaceutical CDMO industry. The industry is moving towards specialized manufacturing to focus on profit and avoid the risks of new drug development failure.
Source: YAHOO
Reported 8 months ago
Chengtai Group's Chairman, Yang Dehua, reveals ambitious plans for a billion-dollar merger focusing on grinding machine factories, while also initiating a second-generation succession plan within the company. With a solid financial position and orders in hand, the group is confident in its growth strategy and aims to become a top global player in the machine tool industry.
Source: YAHOO
Reported 8 months ago
Medlink Corporation (6637), guided by Fubon Securities, was listed on the OTC exchange on June 18 with an offering price of NT$66 per share. Specializing in leasing and distributing medical imaging equipment, Medlink has over 30 years of market experience, providing comprehensive services from planning to operation for medical institutions and establishing a good reputation. With a focus on preventive medicine, they have innovated in various healthcare services, aiming to enhance public health awareness. Fubon Securities recognized Medlink's continuous efforts in the medical imaging field and praised their commitment to quality healthcare equipment and services, contributing to the health industry chain and public well-being. Medlink's chairman expressed dedication to global partnerships and service growth, anticipating a positive financial performance. The listing is a significant milestone for Medlink, aligning with their commitment to creating value for employees, customers, investors, and society. With a first-quarter revenue of NT$171 million, a growth rate of 29.58%, and a promising net profit per share of NT$2.1, Medlink is poised for further growth, benefiting from the increasing demand for healthcare and preventive medicine in an aging society.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, the Legislative Yuan passed the regenerative medicine dual law, coupled with the hot topic of contact lenses, leading to foreign investments heavily supporting Synoland and Jasco on the 18th. Synoland stock rose by 5.03% to NT$96.1 with foreign investors buying 365 shares; and Jasco rose by 3.47% to NT$491.5 with foreign investors buying 120 shares due to the upcoming peak season for contact lens shipments in the second half of the year. Synoland has recently garnered market favor with various developments and initiatives including becoming a key player in the regenerative medicine field and planning to list its subsidiary, Synoland Cell Intelligence Medicine, on the emerging stock market by 2025.
Source: YAHOO
Reported 8 months ago
In light of the global fuel cost increase due to the recent Russia-Ukraine conflict, countries are facing energy shortages, emphasizing the importance of energy conservation. As summer approaches with high temperatures and electricity consumption, upgrading to thermal insulation exterior paint like Dulux from AkzoNobel can not only beautify buildings but also effectively reduce indoor temperatures, decrease air conditioning electricity usage, and provide a comfortable and cool summer. This sustainable option aligns with the trend of green energy transformation, offering effective energy-saving solutions for residential and commercial buildings.
Source: YAHOO
Reported 8 months ago
As of June 18, 2024, at 4:10 pm in Taipei, Yu Jing Guang's Chairman, Chen Tianqing (pictured right), stated that new product shipments have started. The third quarter is the traditional peak season, with performance expected to be similar to the same period last year, marking the operational peak for the year. The company aims for higher orders and revenue and profit improvement compared to last year, with expectations for VR product revenue to reach 20%-30% this year as global sales expand. Investments in capital expenditure are projected to be around 21.5 billion yuan, with a focus on increasing efficiency and yield to boost production capacity in the second half of the year.
Source: YAHOO
Reported 8 months ago
The Financial Supervisory Commission will open up active ETFs in 2024, with strong interest shown by various fund companies. It is expected that active ETFs will adopt a 'full transparency' approach, revealing their holdings daily, similar to existing active funds but with the added feature of being publicly traded and not through banks for subscriptions and redemptions. This move is predicted to attract more investors and inject new vitality into the market, especially in the booming Taiwanese tech sector. Both domestic and foreign investors are keen on issuing active ETFs, highlighting the advantages of potentially lower fees and enhanced transparency in holdings and operations for better insights into asset management companies' performance and investment strategies.
Source: YAHOO
Reported 8 months ago
According to the Investment Trust and Consulting Association, the size of Taiwan stock funds has reached 527.7 billion yuan, surpassing the pre-financial crisis peak and hitting a historical high. The fund managers are optimistic about the future performance of Taiwan stocks due to positive economic developments in the U.S., growth in the semiconductor sector, and improvement in AI supply chains. They recommend investing in Taiwan stock high-yield small and medium-sized ETFs for potential gains.
Source: YAHOO
Reported 8 months ago
The 2024 IMD World Competitiveness Yearbook, just released on June 18, 2024, shows Taiwan dropping in three out of four indicators, especially in 'economic performance,' falling to 26th place, a significant drop of 20 spots in three years. The National Development Council (NDC) attributes this decline to the global high inflation and high interest rate environment in 2023 leading to weak end demand, continuous inventory adjustments in the domestic manufacturing sector affecting exports, and a conservative investment momentum by companies. NDC emphasizes efforts to develop the semiconductor, AI, and other industries, strengthen talent development, attract international talent, promote innovation and entrepreneurship to consolidate Taiwan's advantageous position in global competition.
Source: YAHOO
Reported 8 months ago
GameStop在17日召開股東會，高層對股東提問未給予實質回應而匆促結束，引發投資人質疑公司前景，導致股價急跌。執行長科恩只簡短表示公司改善獲利及資產負債表，暗示將進一步關閉門市。股東會後股價一度跌17％，收盤仍下跌12％，隔日續跌1％。結束只有30分鐘的股東會令股東不滿，公司前景不明朗。
Source: YAHOO
Reported 8 months ago
The overall scale of Taiwan's ETF market has increased significantly by NT$821.6 billion to NT$2.22 trillion this year, with 41 Taiwan ETFs closing at new highs for the year on June 18. Among them, 15 original Taiwan ETFs, such as Cathay High Dividend 30, Nomura Taiwan New Technology 50, and Fubon Taiwan 50, not only saw an increase in size but also outperformed the market with a return on investment exceeding 26.9%. These triple crown ETFs, as reported by CMoney, also include Fubon Technology, Yuanta Electronics, and more, offering returns ranging from 45.7% to 29.1%. Investors are advised to consider investing in semiconductor industry ETFs or high dividend ETFs to capitalize on current market conditions. The future outlook for Taiwan's stock market appears positive, with the potential for increased valuation and price uptrends.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, U.S. Bank Securities raised the target price and profit forecast for two major airline giants, EVA Air (2618) and China Airlines (2610), attributing to their dual benefits. EVA Air received a buy rating with the target price raised from 30 yuan to 43 yuan, considered the most attractive stock. With strong foreign firepower, foreign investors net bought 77,900 shares of EVA Air and 36,200 shares of China Airlines on the 18th. This marks the first investment report on the airline giants by U.S. Bank Securities in two years. They believe the new cycle of air cargo transport and sustained high airfare prices for passenger transport will bring high profits to EVA Air. U.S. Bank Securities stated that the share price of EVA Air is less than 3 times the EV/EBITDAR, approximately at 2.2 times, making it one of the lowest-valued international airlines. Additionally, EVA Air announced an increase in flights on the Taoyuan-Seoul route to cater to the upcoming summer peak season, proving to be an attractive investment.
Source: YAHOO
Reported 8 months ago
On June 18, 2024, the Taiwan stock market hit a historic high with the Taiex futures rising 309 points to close at 22,786 points, and the futures-to-spot price difference at 28.57 points. Major tech company, TSMC (2330), led the surge with the weighted index closing at 22,757 points. Foreign short positions in Taiex futures decreased by 254 contracts to 12,938 contracts, contributing to a more neutral overall options market sentiment. The market continues to show a strong preference for risk as tech sector performs well.
Source: YAHOO
Reported 8 months ago
During the shareholders' meeting on June 18, 2024, Far Eastern Department Stores Chairman Hsu Hsu-tung expressed great confidence in the retail industry, mentioning the company's plans for expansion through opening new stores. Hsu emphasized the importance of physical retail experiences, stating that despite the growth of online shopping, the presence of physical stores is still crucial for fashion retail. Far Eastern Department Stores aims to continue expanding, enhancing customer experiences, digital transformation, innovation in management, developing online shopping, and sustainable operations to establish an international retail group. The company is also exploring the use of AI to address the challenges in the labor shortage within the industry.
Source: YAHOO
Reported 8 months ago
According to Sun Binxun's report from Taipei on June 18, 2024, at 4:10 PM, the first-quarter financial reports of US REITs mostly meet or exceed expectations, with the overall US REITs market estimated to have revised profit growth to 3.2% in 2024. Despite uncertainty over the timing of the Fed rate cuts, the US economy is doing well, and various types of REITs are expected to benefit in the second half of the year. With a discount rate of about 7% and a P/E ratio of approximately 16.6 times, some analysts see great investment value in REITs. Investors are particularly optimistic about US residential, data centers, and Japanese hotels, as well as the increasing use of AI in data centers driving demand, record high leasing in the first quarter, and strong performance in the AI server market. European and Canadian rate cuts signal the beginning of a global easing cycle, but questions remain about the new normal for interest rates as the path to a post-pandemic recovery becomes clearer but still unpredictable. While global economic growth, inflation, and interest rates are gradually returning to normal, the extent of this recovery remains to be seen.
Source: YAHOO