Reported about 1 year ago
Source: INVESTORS
Reported about 1 year ago
Argentina's central bank is facing challenges in rebuilding its foreign reserves as it spends in currency markets to support the peso, which investors believe is overvalued. The country aims to boost reserves to remove currency and capital controls, attract foreign investment, and regain access to international debt markets. Although the government initially accelerated dollar purchases, buying $2 billion monthly until May, the pace significantly slowed in June with only $39 million purchased so far. Pressure mounts as the peso lags behind inflation, leading to concerns about the sustainability of the 2% monthly devaluation rate set by Argentine officials. Market indicators signal a higher likelihood of devaluation, urging for prompt action to address the currency situation.
Source: YAHOO
Reported about 1 year ago
Jefferies Financial在第二季度的盈利超出分析师预期，因为该银行从咨询交易以及承销股票和债券销售中获得了更高的费用。其收入被视为高盛和摩根士丹利等主要投资银行业绩的早期指标，凸显了企业交易领域的强劲复苏。美国经济软着陆预期引发了今年大规模并购的激增。买家还出售债券以资助其购买，而股票的强劲反弹提振了投资者对新项目的兴趣。Jefferies的第二季度投资银行收入比去年同期飙升了59％，达到8.032亿美元，得益于其咨询以及权益和债券承销业务的强劲表现。银行的资本市场收入增长了24％，帮助Jefferies总收入攀升了60％至16.6亿美元。
Source: YAHOO
Reported about 1 year ago
The Nasdaq Composite led gains as Amazon surpassed a $2 trillion market cap for the first time ever, with the S&P 500 rising by 0.2% and the Dow Jones Industrial Average edging 0.04% higher. The market also saw a surge in Rivian shares after an alliance with Volkswagen that could bring in up to $5 billion for the EV maker, and FedEx stock jumped over 15% as its 2025 profit forecast exceeded Wall Street estimates. Additionally, tech giants like Nvidia and Apple continued to impact market performance, while investors awaited economic data ahead of the key PCE inflation release on Friday.
Source: YAHOO
Reported about 1 year ago
US stock indexes saw mixed results on Wednesday, with the S&P 500 edging up 0.2%, the Nasdaq composite rising 0.5%, and the Dow Jones Industrial Average increasing by less than 0.1%. Majority of S&P 500 stocks fell, but gains from FedEx and Rivian, the latter receiving a significant investment from Volkswagen, helped offset losses. The Russell 2000 index of smaller companies fell, with the S&P 500 up for the week while the Dow down slightly and the Nasdaq and Russell 2000 showing gains. Year-to-date, S&P 500 and Nasdaq have shown notable increases, while the Dow has a moderate increase and the Russell 2000 is slightly down.
Source: YAHOO
Reported about 1 year ago
Shares of Campbell Soup Company have increased after JPMorgan upgraded the stock from Neutral to Overweight with a price target of $52 per share. The upgrade, the first since 2009, was based on JPMorgan's positive outlook on consumer demand for Campbell's products, potential synergies, and improved margins due to cost-cutting measures. Executives at Campbell's impressed JPMorgan analysts during a meeting, leading to the favorable recommendation.
Source: YAHOO
Reported about 1 year ago
亚马逊首次市值突破2兆美元，受人工智能推动的股市狂潮将这家科技巨头推进创纪录的领域。亚马逊股价在周三上涨3.9%，收于193.61美元，将市值提升至2兆美元以上。该公司如今成为一个罕见的由少数公司组成的精英俱乐部成员，超过了关键市值界限。自去年以来，亚马逊股价一直受益于公司降低成本、重组业务以更好地利用人工智能狂潮，并且其主要的亚马逊云服务业务已显示出再度加速的增长迹象，这也是投资者的一大乐观点。
Source: YAHOO
Reported about 1 year ago
According to investment professionals, Taiwan's Real Estate Investment Trusts (REITs) currently account for only 0.4% of the country's GDP and 0.2% of the stock market value, significantly lower than other international markets. If Taiwan opens up more, it could potentially aim for a 1% share of the stock market value, approximately NT$700 billion in size. By expanding into areas like renewable energy and wind power generation, Taiwan could attract more foreign investment. With the introduction of new regulations to include diverse assets, such as assets from the new economy, REITs could enhance revenue diversification and improve market competitiveness.
Source: YAHOO
Reported about 1 year ago
Yuanta Life partnered with Ganlin Foundation for the third time to hold the 'Silver Smile, Love Without Barriers - Dragon Boat Festival Elderly Care Activity' on June 26, 2024. They visited nearly 100 elderly people with mild dementia, giving them traditional rice dumplings for the festival and organizing a DIY activity to create fragrant decorations. Through a self-written and performed short play on financial fraud prevention, the elders were educated on financial risks and shown love and warmth. This initiative aims to enhance the elder's ability to prevent fraud and provide support in facing challenges associated with aging society.
Source: YAHOO
Reported about 1 year ago
Despite the stock market rebounding by 100 points on June 26th, the financial sector index dropped by 1.1%. Nevertheless, institutional investors took advantage of the dip, particularly focusing on Cathay Financial Holding, which will go ex-dividend on July 1st with a current cash dividend yield of 3.36%. The financial industry has seen significant profits in the first five months of the year, with 14 financial holding companies collectively earning 52.65 billion NT dollars in May alone, double the amount from last year, reaching a record high. This positive trend is attributed to the strong performance of both domestic and foreign stock markets and the appreciation of the New Taiwan Dollar. Despite the overall market volatility, financial stocks have remained resilient, with some companies like Fubon Financial Holding and E. Sun Financial Holding attracting increased institutional buying interest.
Source: YAHOO
Reported about 1 year ago
CTBC Financial Hall in Taipei will host the 'The Multiverse of Money - Five Senses Financial Experience' special exhibition from June 29th to September 29th, aiming to educate children about money through sensory experiences. The exhibition includes interactive stations where visitors can learn to identify genuine currency, experience the sounds and smells of money, and participate in activities to enhance financial literacy. Additionally, there will be workshops, performances, and educational materials to promote financial awareness and prevent fraud. Various interactive courses and DIY activities will be available on weekends, providing opportunities for families to learn and engage together in exploring financial knowledge. Specialized services such as guided tours and financial board games are also offered for groups of 20 or more. The Financial Hall has published e-books and educational materials tailored for children to learn about finance in an engaging and practical way.
Source: YAHOO
Reported about 1 year ago
The day before the first televised debate of the 2024 US presidential election, 16 Nobel laureates in economics released a joint letter warning of potential economic risks if former President Trump returns to the White House, including a possible resurgence of inflation. They expressed concerns about Trump's proposed tax policies and tariffs, suggesting they could lead to price increases. The letter was signed by notable economists such as Joseph Stiglitz, Angus Deaton, and George Akerlof, who have criticized Trump's economic policies in the past. Trump's campaign team dismissed the economists' positions, emphasizing that American citizens do not need Nobel laureates to tell them which president will make them wealthier.
Source: YAHOO
Reported about 1 year ago
Despite recent market fluctuations, global stock markets have mostly seen an increase in the past month, with Taiwan stock market, known as the 'best-performing' globally, showing a growth of over 6%. The Taiwan Weighted Index has surged by 6.08% in the past month, outperforming the MSCI World Index's 1.35%. With the backdrop of AI rapid growth, it's expected that investing in high-quality Taiwan tech stock funds can be profitable. Unified Prosperity Fund, a tech fund, has shown significant returns compared to sector averages, making tech stock investments look promising amidst market uncertainties.
Source: YAHOO
Reported about 1 year ago
On June 26, 2024, the Ministry of Labor convened a joint meeting of the Minimum Wage Review Council and Consultation Meeting. According to the research group report, adjusting the basic wage is helpful in increasing average wages but has no significant impact on unemployment rates or inflation. To provide more up-to-date insights, before the Minimum Wage Review Committee meets in the third quarter, a new research report will be prepared on the sector-specific impacts of adjustments, allowing committee members to discuss the latest data and more detailed effects. The report concludes that recent increases in the basic wage can raise average wages, with no significant effect on unemployment rates or direct correlation with inflation. Despite discussions on the Consumer Price Index (CPI), no consensus was reached on how to incorporate it into the decision-making process. The research group found that while prices have increased, they are not significantly influenced by adjustments in the basic wage.
Source: YAHOO
Reported about 1 year ago
Hangt (3297), a security company, saw a significant increase in stock price this week, opening at $32 on the 26th and closing at $33.85 with a daily trading volume of 4,488 shares. Hangt soared for two consecutive days this week, closing at the limit-up price, with a weekly increase of over 23%. The company's May revenue was impressive, with a monthly revenue of 19 million NT dollars, a year-on-year increase of 52.58%, and a cumulative revenue of 68 million NT dollars from January to May, a year-on-year increase of 27.84%. The company reported a net loss per share of 0.03 NT dollars for the first quarter. During a recent shareholders' meeting, they expressed optimism for future demand in industries such as AI and IoT, and plans to invest in related research and development, focusing on niche application products. Hangt expects increased sales of network cameras in 2024, estimating sales of 60,000 units, with the possibility of turning a profit next year. Additionally, they are optimistic about economic recovery and unaffected by the pandemic.
Source: YAHOO
Reported about 1 year ago
As of June 26, 2024, the Taiwan stock market briefly reached 23,000 points, potentially leading to stock capital gains for the life insurance industry to support profits, with the possibility of pre-tax profits for the first half of the year in the industry reaching 200 billion NTD. Despite the New Taiwan Dollar fluctuating against the US Dollar, the industry is relying on gains from the stock market to offset exchange losses, achieving significant profits in May and June, with May already showing promising post-tax profits and an expected 300 billion NTD pre-tax profits for the whole industry in May.
Source: YAHOO
Reported about 1 year ago
Yatai Metal, a leading manufacturer of high-end electronic materials, is benefiting from the expansion of copper-clad laminate (CCL) factories in Southeast Asia, 5G, and AI applications. This has led to an increase in order visibility until the second half of 2025, with current orders exceeding NT$2 billion. With the market demand rebounding, the company is expected to see a slight revenue growth in 2024. Yatai Metal's strategic positioning aligns with the trend of 'origin plus one' in electronic production due to factors like the US-China trade war, prompting mainland and Taiwanese companies to expand in Southeast Asia. The company's advanced production capabilities cater to the growing demands in various industries, positioning it as a global leader in high-end immersion equipment manufacturing. Yatai Metal remains cautiously optimistic about its future operations, focusing on satisfying the increased equipment and service demands of key clients in Southeast Asia by establishing service centers in countries like Thailand to enhance the regional sales landscape.
Source: YAHOO
Reported about 1 year ago
The Investment Trust Advisory anticipates the upcoming openness of real estate investment trusts (REITs) following the completion of the preliminary review of the Investment Trust Act amendment in Taiwan. Three key factors for REITs success observed in Singapore are government policy and regulatory support, robust source of assets, and sound governance coupled with rational supervision. Suggestions are made for Taiwan to consider a more open regulatory framework akin to Singapore, allowing for pooling of resources and assets development for shared benefits through REITs. The visit by investment industry representatives to Singapore highlights the importance of government support in driving a successful REITs market, with tax incentives and diverse asset classes contributing to Singapore's REITs growth.
Source: YAHOO
Reported about 1 year ago
Taiwan futures rose 125 points on June 26, closing at 22,872 points. As the Taiwan Stock Exchange faced options expiration, the index initially rose with TSMC's performance but faced selling pressure after breaking through 23,000 points. Foreign investors increased their net short positions on Taiwan futures, with the top ten traders reducing net short positions for the month. The options market showed an increase in put/call ratio, while VIX index rose slightly. Overall, the market remained neutral with strong performances in tech stocks. The market outlook suggests a consolidation phase unless TSMC breaks through previous highs.
Source: YAHOO
Reported about 1 year ago
Terry Gou, the chairman of Foxconn, reiterated the concept of the golden ratio regarding Taiwan's energy supply policy at the 2024 National Policy Forum. Gou emphasized that nuclear energy is not meant to exclude green energy and stated that green energy can still grow 4-5 times. However, he pointed out intermittent power generation as a drawback of green energy. Gou suggested a combination of 30% green energy, 30% nuclear energy, and 40% thermal power generation to achieve a carbon-neutral power output, reduce energy costs, and align with advanced nations' standards.
Source: YAHOO
Reported about 1 year ago
With the impact of economic uncertainty and global layoffs, the trend of 'Career Cushioning' has emerged worldwide. A recent survey by Robert Walters revealed that over 80% of employees in Taiwan are actively preparing and seeking opportunities for job transitions, with only 18.45% having no plans. Factors driving this trend include low job satisfaction, economic instability, and lack of job security. The rise of AI technology has also influenced this trend, with individuals seeking career stability amidst uncertain environments. Taiwan's workforce demonstrates a high sensitivity towards job satisfaction and external factors, leading many to proactively explore new job opportunities while still employed. In addition to salary competitiveness, company culture and career development are also critical factors impacting career decisions.
Source: YAHOO
Reported about 1 year ago
On June 26, 2024, China Credit Financial Holding announced that Lin Qinmiao, Chairman of China Credit Insurance, will resign due to personal reasons, effective July 2. It is understood that Xu Dongmin, a director of Taiwan Life Insurance, a subsidiary of China Credit, is expected to succeed as Chairman of China Credit Insurance pending approval at the July 2 board meeting. Lin Qinmiao will transition to a non-financial industry. Lin Qinmiao, who served as Chairman of China Credit Insurance since 2017, played key roles in the merger process of Taiwan Life Insurance and China Life Insurance. Xu Dongmin, who retired from China Life last April and joined China Credit in April 2023, is now poised to take over as Chairman of China Credit Insurance, subject to board approval. Additionally, New Life Insurance has recently shown improved investment performance and profitability, turning a profit since February with after-tax profits reaching 6 billion NTD by May. The board has promoted three investment executives to strengthen the investment strategy for the second half of the year.
Source: YAHOO
Reported about 1 year ago
Yagor Biomedical (6748), utilizing the world's first regenerative medical technology 'Supercritical Carbon Dioxide Platform Technology in the Application of Regenerative Medicine Industry,' not only won the Industry Innovation Award and the Silver Quality Award in the Manufacturing Technology Category of the National Drug Science and Technology Research and Development Awards in 2023 but also successfully developed three regenerative medical materials - Abbis Collagen Hemostatic Dressing, Decellularized Dermis Hemostatic Microparticles, and Decellularized Dermis Hemostatic Gel, all approved by Taiwan's Ministry of Health and Welfare's Food and Drug Administration for marketing as Class III medical devices on April 30. The company's upcoming new general manager, Lu Zhifeng, specializing in bioengineering technology and product marketing, is expected to elevate the company's operations and further shape Yagor Biomedical's brand image in the biomedical investment field. Yagor Biomedical has been a pioneer in realizing regenerative medical technology and products in Taiwan's biomedical industry, and after ten years, the Regenerative Medical Dual Law was passed on June 4, coincidentally aligning with the approval of Yagor Biomedical's regenerative medical products before the law's passage. Although the Collagen Corneal Matrix Class III medical device application is pending approval due to incomplete documentation, the company is reorganizing the necessary information for a prompt resubmission to obtain the sales license from the Ministry of Health and Welfare. Moreover, Yagor Biomedical's artificial cornea product has obtained TFDA export approval, selected India as the landing country, and has begun cooperating with an international clinical trial organization to enroll and treat 150 patients to conclude the trial results in 18 months. The company's focus on innovative biomedical products spans various fields such as wound care, dentistry, orthopedics, ophthalmology, and medical aesthetics and aims to advance into organ regeneration, including rebuilding hearts, kidneys, and livers to reduce reliance on organ donations and eliminate unethical organ harvesting practices.
Source: YAHOO
Reported about 1 year ago
As the trend of bond ETFs fundraising continues to burn on, this year has seen multiple US bond and financial bond ETFs continuously raising more funds. Last year, there were nearly 50 approved extensions for bond ETFs from ten investment companies, and this year, large investment company-affiliated bond ETFs have raised funds more than 20 times, matching the fervor of last year. With over 20 approved extensions in the first half of this year, the overall heat of bond ETF fundraising is on par with last year. Analysts have attributed the increased interest in bond ETFs this year to the stability and hedging functions provided by US government bonds, as well as the historical performance during interest rate change cycles. Financial bonds have also become a target for market funds along with long-term US bond and investment-grade bond ETFs.
Source: YAHOO
Reported about 1 year ago
According to a report by Nikkei Asia on June 26, 2024, Japan's export focus has shifted from goods to services, with foreign tourists' spending in Japan increasing fourfold in the past decade, becoming the second-largest export category. Foreign tourists' spending exceeded 7.2 trillion yen in the first quarter of 2024, surpassing electronic components, semiconductors, and steel. The weakening yen and the significant growth in foreign tourists' consumption are key factors driving this expansion, although challenges such as overtourism and strains on local infrastructure and labor force are emerging in Japan.
Source: YAHOO