Reported 11 months ago
Envirocement held a shareholders' meeting on June 21, 2024, where they discussed plans for future development, including the production of low-carbon cement and lightweight partition materials. The company aims to adapt to ESG trends by applying for product carbon footprint labels for various building materials. In the concrete business, they plan to expand production sites in Chiayi and Tainan by 2025 to enter the TSMC supply chain. Envirocement is also optimizing the Ailian cement plant process to start mass-producing low-carbon limestone cement by the end of the year. Additionally, they continue to develop dry lightweight partition system products like gypsum boards, exterior boards, and roofing materials, as well as research gypsum 100% recycling techniques. Through subsidiary Liyung Global Technology, they are developing flexible MEMS pressure sensing technology for various industries, and have already introduced an AI medical prediction system in a care center in Taiwan with plans for 10,000 units shipment in the U.S. by 2025.
Source: YAHOO
Reported 11 months ago
During the shareholders' meeting on June 21, 2024, Far EasTone announced plans to go international and expand its scale. With the merger with Asia Pacific Telecom, Far EasTone aims for internationalization and anticipates further growth with the help of AI in the next three years. The company's focus on new economy businesses and the emphasis on AI technology, with significant growth in AI team size, are key strategies. Far EasTone's subsidiary, iBright, is already making strides in international markets, particularly in Hong Kong, Southeast Asia, and Japan, with innovative IT solutions such as 5G telemedicine and ESG initiatives.
Source: YAHOO
Reported 11 months ago
The Taipei one-Michelin-star restaurant T+T has introduced a new summer menu focusing on delicacies like Black Pig with Cucumber and Apple, Abalone with Bamboo Shoots and Sour Orange, and Shrimp with Wild Ginger Flower and Plum. The menu reflects a shift in the creative process, involving collaboration among the head chef Tsai Yuanshan, executive chef Lee Zhi-zheng, and the kitchen team to enhance flavors, attention to detail, and overall dining experience. The dishes showcase a blend of Southern Asian flavors and are meticulously curated to capture the essence of the region's cuisine.
Source: YAHOO
Reported 11 months ago
After the NVIDIA AI trend, Taiwan's three major national policies have sparked buying interest in green energy, heavy electronics, and regenerative medicine stocks. The green energy sector saw companies like Yunbao Energy (6869) surging to the daily limit, while companies like Taipower (1611) and Shihlin Electric (1503) also experienced upward movements. With the recent passage of the new regenerative medicine laws, companies like Xunlian (1784) are expected to benefit, entering an era where the global regenerative medicine market is projected to reach $174.7 billion by 2032.
Source: YAHOO
Reported 11 months ago
Taipei-based construction company Hong-Jing (2527) announced on June 21, 2024, its plan to sign a contract to jointly build the 'K28' factory with NIKKO Holding's subsidiary NIKKO Semiconductor Manufacturing Company in Kaohsiung. The project, with an investment of NT$2.43 billion, is expected to be completed by the fourth quarter of 2026, aiming to boost Hong-Jing's construction revenue. This collaboration includes shared funding and property rights distribution, with NIKKO having a priority purchase option. Hong-Jing also has other development projects ongoing, including residential and commercial properties in various locations like Taoyuan and Hsinchu.
Source: YAHOO
Reported 11 months ago
Gold Barley (7757) is expected to list on the emerging stock market with a reference price of 168 yuan per share on June 26. The company had a 2023 revenue of 1.946 billion yuan, a 30% annual increase, and a net profit after tax of 231 million yuan, a 90% annual increase, with an EPS of 10.54 yuan. With a paid-in capital of 219 million yuan and 800 employees, Gold Barley operates a chain of restaurants and brands like SUNMAI beer, expanding its presence in Taiwan's dining and beverage market.
Source: YAHOO
Reported 11 months ago
Star Asia Vision, a subsidiary of Taya Group, will be listed on the over-the-counter market on June 25th at 45 NTD per share, surpassing its parent company. Specializing in digital display systems and visual lighting systems, Star Asia boasts a 5-month order visibility. Taya Chairman Lee Guo-guang is optimistic about the future growth potential within the digital advertising board industry, especially in the US market. Star Asia's unique technologies include proprietary AI color calibration, synchronous transmission, and energy-saving systems, contributing to a significant reduction in energy consumption. With around 1,800 display screens in North America, Star Asia holds promising growth prospects, with analysts estimating a gross profit margin of over 30% and earnings per share exceeding 3.5 NTD for the year.
Source: YAHOO
Reported 11 months ago
Quanta is reported to have closed its 5.5th generation plant in Nanke by the end of last year and now is in the process of selling the facility to memory giant Micron for approximately NT$18 billion. The equipment is being relocated to another plant with plans to vacate by the end of July. Quanta has refused to comment on the rumors and will continue to focus on core business and transformational development. Share prices soared after news of the sale, with Quanta closing at NT$15.6. Micron's purchase of the plant, amidst Quanta's continual downsizing of facilities and production lines, aims to rapidly expand production capacity and optimize overall operational efficiency.
Source: YAHOO
Reported 11 months ago
Hong Kong and Singapore are competing to attract global wealthy individuals for residency, with a trend emerging of some mainland Chinese affluent families shifting from Singapore to Hong Kong. This shift is attributed to Singapore's stricter scrutiny of mainland wealthy individuals following a series of money laundering cases, prompting some to set up family offices in Hong Kong instead. With geopolitical risks affecting global wealth migration, a record-breaking 128,000 'millionaire' migrants are expected to leave China, the UK, and India for destinations like the United Arab Emirates, the US, and Singapore. However, recent developments have caused a change in the migration pattern as Singapore cracked down on money laundering, leading some Chinese wealthy individuals to question its suitability for investment and opt for Hong Kong instead.
Source: YAHOO
Reported 11 months ago
In a report by Tsai Huifang in Taipei on June 21, 2024, at 4:10 pm, Haiyue International (2348) has seen a surge in profits due to robust property market conditions and continuous successful sales of properties nationwide. Their earnings per share (EPS) for the first five months of the year reached 11.02 yuan, closely approaching the full-year EPS of 13.86 yuan in 2023. With earnings surpassing 2 times their share capital over the past 4 quarters, the EPS has reached 21.53 yuan, setting a new profit record. With a portfolio of over 200 billion yuan in nationwide property sales, Haiyue is optimistic about achieving stable monthly revenues exceeding 500 million yuan. Collaborations with developers like Dali (6177) in their self-built project 'Dali Creating the Century' and upcoming projects 'Haiyue Garden' with a total sales value of 1.6 billion yuan in the second half of the year, and the completed development project 'Qingtian Forest' in Nangang with a total sales value of 13 billion yuan with partnerships with Yaxin (5213) and Xinrun (6186) are expected to drive Haiyue's performance to new heights this year.
Source: YAHOO
Reported 11 months ago
XINPURO (6560) stock price continued to rise on June 21, 2024, opening higher at 46.55 yuan and attracting buying interest to drive the price up to 50 yuan; however, intraday saw sell pressure but specific buying support after 10 am led to a second surge, hitting the daily limit up after 12 pm with a 32% increase. XINPURO aims to enhance its operational capabilities by expanding its product line, expecting to start mass production of medical endoscopes in the second half of this year and actively developing camera modules for drones and autonomous vehicles in partnership with NVIDIA, forecasting better performance this year than last year.
Source: YAHOO
Reported 11 months ago
On June 21, 2024, the US dollar index rose, causing major Asian currencies to weaken. The Japanese Yen dropped below 159 against the US dollar, a first since the end of April, despite attempts by Japanese officials to verbally intervene but failing to boost the Yen. In Taipei's financial market, both stocks and exchange rates retreated on the 21st, with the Taiwan Stock Exchange closing down over 150 points, and the New Taiwan Dollar weakening against the US dollar, hitting close to 32.4 and closing at 32.369, down by 4.1 points. The New Taiwan Dollar has been fluctuating around 32.35 in the past week, affected by the conflicting interests of buyers and sellers, along with dual-directional operations by foreign capital. While the stock market has been setting new highs recently, it remains a crucial force supporting the New Taiwan Dollar, enabling it to decouple from other Asian currencies and maintain a relatively strong performance. The yen's depreciation was expected to suppress the New Taiwan Dollar's performance, but it remained resilient, indicating positive prospects for domestic industries, strong linkage between Taiwan stocks and the US, and the stock market's influence on the foreign exchange market. The focus in the upcoming week will still be on the stock market's themes, with anticipation on whether the US market can drive Taiwan stocks further. If it can attract foreign capital inflows, the New Taiwan Dollar may gradually rise, and the timing near the end of the month may see export firms strengthening their foreign exchange selling pressure, providing support for the New Taiwan Dollar as it approaches testing the 32.25 mark.
Source: YAHOO
Reported 11 months ago
ASUS is actively integrating resources in cloud, computing power, AI software, and hardware to delve deeper into the field of smart healthcare/health, following its collaboration two years ago with NHIA and NVIDIA to establish 'National Health Number.' ASUS announced a new partnership with NHIA through a public-private partnership to accelerate the development and application of medical information technology and biomedical big data, aiming to create a successful model unique to Taiwan and establish a complete ecosystem. The progress of this cooperation is expected to have a clearer direction by August, potentially replicating its success in overseas markets to align with Taiwan's Ministry of Health and Welfare's New Southbound Policy. ASUS has demonstrated considerable strength in the smart healthcare field in recent years, from infrastructure technologies like AI computing private clouds and public cloud services to next-generation medical information platforms like xHIS and related smart medical services. ASUS is focusing on scaling up and popularizing xHIS for small and medium-sized medical institutions, especially those below the regional level. Moreover, ASUS's advancements in digital data platform technologies, such as the National Health Insurance pre-approval platform and Lumos medical big data platform, signify its commitment to advancing Taiwan's medical information technology industry.
Source: YAHOO
Reported 11 months ago
全家便利商店举行股东常会，选出15名新董事并推选董事长继任。董事长表示，零售业已进入跨界、跨业的深水区竞争，计划稳健地每年增加150家新店铺。报告显示2023年度全年合并营收达996.1亿元，年增9.77％；母公司净利下降12.4％至16.1亿元，计划派发5.8元现金股利。未来发展方向包括成为跨产业便利生活服务平台，优化消费者体验，提升便利性，并实施永续理念。
Source: YAHOO
Reported 11 months ago
The extension of the decommission date for the No. 1 unit of the Formosa Plastics Miaoli Power Plant, originally scheduled for June but extended to next year, has sparked controversy. The Minister of Economic Affairs, Wang Mei-Chin, stated that the extension is necessary to fulfill the contract due to the unfulfilled amount of electricity during the pandemic. Taiwan Power Company's spokesperson emphasized that the power reduction until 2025 is in line with contract terms. Although concerns about power shortages have been raised, both parties assure that Taiwan's power supply is well managed and monitored regularly.
Source: YAHOO
Reported 11 months ago
Dong Jie (8064), a supplier of MicroLED and panel-level packaging equipment to AU Optronics (3481), saw a surge in stock price and trading volume amidst positive prospects for shipments. With the increasing investment in MicroLED by panel manufacturers this year, Dong Jie expects a boost in revenue contribution from equipment such as mass transfer, repair, LED lighting, and laser cutting. As AU Optronics ramps up its panel-level packaging production and embarks on a second-phase investment in the latter half of the year, Dong Jie is poised to benefit. This article also covers Strong March attacking electric vehicles with new products slated for mass production next year, as well as plans for stock market connectivity between China and Switzerland and a storm approaching the real estate sector in mainland China affecting steel and cement industries.
Source: YAHOO
Reported 11 months ago
Delta Chemical (stock code: 1309) continues to advance into new markets, boosted by May performance, attracting buyers at lower levels, crossing the yearly closing price barrier on June 21st with a closing price of 18.1 yuan, up 8.38%, with trading volume doubling to 13,800 shares. Foreign investors and proprietary traders sold 1,898 and 46 shares respectively. The stock has risen for two consecutive days, reaching a short-term high point with a total increase of 19.08%. The bullish trading volume is strong, and the KD value is trending upward. With ABS and PS markets relatively strong, May revenue increased by 3.9% monthly and 34.88% yearly; revenue for the first five months reached 7.094 billion yuan, up 16.48% annually. The company's business strategy is to expand into non-mainland/Hong Kong markets, maintaining a strong sales network. The second quarter outlook for GPS and EPS is optimistic. These developments were reported by the Business Times.
Source: YAHOO
Reported 11 months ago
As North American Cloud Service Providers (CSP) rush to build AI data centers, stocks related to silicon photonics are expected to benefit. Companies such as TSMC, IET-KY, Unilumin, UMC, and MediaTek are drawing foreign investors' attention. TSMC's announcement regarding advancing technologies like COUPE and integrating CoWoS and CPO by 2026 is expected to accelerate the growth of the silicon photonics market. Silicon photonics, with its advantages of high speed, high-density integration, and low cost, is projected to increase its market share from 25% to 50% by 2026. The global silicon photonics IC chip market is also forecasted to grow from $68 million in 2022 to $613 million in 2028, mainly driven by data center applications in North America.
Source: YAHOO
Reported 11 months ago
Panasonic's air purifier, F-P90MH, features the latest 100 times nanoe technology from Japan, releasing 48 trillion OH hydroxide ions per second to quickly suppress harmful substances like PM2.5, mold, and odors. With advanced pet mode for strong dust collection, high suction power, and enhanced CASR by 14%, this device also has a comprehensive 3-stage filtration system for pet odors and allergens. It can even detect formaldehyde levels and display indoor PM2.5 concentration, making clean air visible. Awarded for 13 consecutive years, Panasonic air purifiers continue to be a trusted choice for families looking to safeguard their health and breathe clean air. Promotional gifts are available with the purchase of selected models until August 20.
Source: YAHOO
Reported 11 months ago
Taiwanese company Darfon (8163) held an extraordinary board meeting on June 21, 2024, where they approved a strategic cooperation with Germany's GROFA Action Sports GmbH. By acquiring 100% of GROFA's shares within a total amount not exceeding 37 million euros, Darfon aims to expand its European bicycle platform and quickly enter the European E-Mobility market. GROFA, founded in 1980, is a professional agent for bicycles, electric bikes (E-Bikes), components, sporting goods, and electronic products in Germany, Austria, Belgium, the Netherlands, Luxembourg, and more, representing 27 global sports brands. This acquisition marks Darfon's expansion into Germany's rich cycling culture and their strategy to enhance sales and services in green energy business in Europe.
Source: YAHOO
Reported 11 months ago
Chairman Zhang Yunpeng of Hua Nan Financial Holding Company announced a three-year plan at the shareholders' meeting, aiming to improve earnings per share (EPS) ranking and increase non-bank subsidiary profits. State-owned financial holdings like Hua Nan Financial and First Financial are open to mergers with interests in AI industry and businesses that can enhance competitiveness. The companies are focusing on capital efficiency and complementary mergers for effective performance in the market.
Source: YAHOO
Reported 11 months ago
Dah Sin Industrial (1315) is considering establishing another garment manufacturing base, this time in Bangladesh, following its factories in Vietnam and Myanmar. The main reason is Bangladesh's export of rain and outerwear to the EU, which qualifies for duty-free benefits. Dah Sin is planning to visit Bangladesh on July 8 to inspect potential factory locations. At the shareholders' meeting held on June 21, Chairman Wu Zicong and General Manager Chen Yiqian reported that the company aims for a total revenue of 2.3 billion NTD this year, with the Taiwan factory targeting 1.96 billion NTD. Future strategies include acquiring new customers and orders, expanding overseas production bases, optimizing production with new equipment, and enhancing automation to boost efficiency, all while focusing on sustainable operations in the face of global economic challenges and various risks.
Source: YAHOO
Reported 11 months ago
On June 21, 2024, the US, European countries, and allies targeted China's new energy vehicle subsidy policy by announcing new tariffs. Although Canada has a low market share, reports suggest they might follow suit in imposing tariffs on imported Chinese electric vehicles. Facing industry criticism, US Treasury Secretary Janet Yellen defended the tariff policy. In response to domestic and international pressures, Canadian Prime Minister Justin Trudeau is seeking alignment with the US and Europe to potentially impose tariffs on Chinese electric vehicles, which may impact China's exports to Canada.
Source: YAHOO
Reported 11 months ago
The editorial discusses the impact of external variables on inflation in Taiwan, emphasizing the importance of the government's role in preventing adverse effects. Despite lower-than-expected inflation rates compared to other countries, the steady increase in consumer prices, influenced by factors like core prices rising and recent global events, points towards a potential four-year period of inflation exceeding the norm for the majority of citizens. The government's recent measures, including extending tax relief, aim to stabilize prices in the face of ongoing inflation concerns. Furthermore, the editorial highlights the historical impact of geopolitical tensions and conflict events, such as wars affecting global commodity prices, stressing the need for proactive strategies to mitigate repercussions on Taiwan's economy.
Source: YAHOO
Reported 11 months ago
Taiwan Stock Exchange plans to launch a market value enhancement program, prompting group stocks like Formosa Plastics, Far Eastern Group, etc., which have lagged behind the market this year, to respond proactively. As the main tech companies such as TSMC and Foxconn have been driving the stock market's growth, with the highest market capitalization reaching 74.84 trillion NT dollars, the focus is shifting towards group stocks for the upcoming quarter-end accounting season. Among the 17 group stocks, including MediaTek and Nan Ya, are expected to lead the charge in this bullish trend, with potential benefits from the market value enhancement program and cross-holding optimization strategies.
Source: YAHOO