Reported 10 months ago
Securities News Center on June 20, 2024, 4:10 PM. Shareholders' Meetings: CHB, TEBC, HNCB, MFG, Fubon, SBC, CUB, Pacific, Mega, KPC, GYT, TMC, FarEasTone, etc. * Ex-Dividend/Ex-Rights: Poya, CIG, Yuanta Futures, FENC, Unizyx, LEC, etc. * Investor Conferences: MFG, TEEM, Systek, LGG * Stock Focus: NYE, MWE, SY, Grand Hyatt, Yiding, JH, LJ, DTC, YH, GH, TMC, ABC, Holitech, HQ, HSC, SHS, Double Crane, SQ, BT, YWEI, NFR, KY, LEC, JH, HYY * Disposal of Stocks: Sincere, BD, BT, WR, WR4, and more. Commercial Times reports that Quanta will showcase 5G network and AI capabilities, with housing prices in over 73 administrative districts in Taiwan surging over 10% annually, optimistic about economic recovery, unaffected by the pandemic, with the Australian Central Bank planning to end QE as early as February next year.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, analysts are optimistic about TSMC's revenue in the second half of the year, as the company seizes opportunities in high-end mobile display chip market while launching a 22nm embedded high-voltage (eHV) technology platform. TSMC's advanced solutions are expected to drive the development of high-end smart phones and mobile device displays, with energy consumption reduced by 30% compared to the 28nm eHV process. With TSMC's revenue picking up significantly after entering the second quarter, market outlook is positive for a double-digit growth in Q2 due to strong revenue performance in April and May.
Source: YAHOO
Reported 10 months ago
In Taipei, the real estate market is currently avoiding the anti-speculation measures, making developers and sales agents more confident in promoting projects in the second half of the year. According to a recent survey by the 'Living and Building' magazine, there are at least eight mega projects in the northern Taiwan metropolitan area with total sales exceeding a billion NT dollars in the second half of the year. Notable among them is the 'Nangang Train Yard Redevelopment Project' in Taipei with an asset value exceeding 100 billion NT dollars. Experts believe that with the avoidance of new housing speculation measures and the relatively stable decisions from the Central Bank's board meeting, developers are gearing up for a strong push in the third quarter.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, the US Federal Reserve hinted at a rate cut this year, with possibilities of cuts in September and December. As US inflation continues to slow down, indicating a soft landing for the economy, the market is moving towards a looser environment. Investment experts are optimistic about the performance of stocks and bonds, with Taiwan's stock market expected to be positively impacted. Various sectors including AI, semiconductors, and others are recommended for investment focus in the second half of the year. Factors such as the timing of the Fed rate cut, industry news post-Computex, and the recovery of the Chinese market post-bottoming out are being closely watched.
Source: YAHOO
Reported 10 months ago
Chen Xinwen/Taipei reported on June 20, 2024, at 4:10 pm, Kafu Securities held a shareholder meeting and approved the distribution of earnings of NT$1.5 per share, including NT$1 in cash dividend and NT$0.5 in stock dividend, marking the second consecutive year of dividend distribution. Following the meeting, a board of directors was immediately convened, and Taiwan Depository & Clearing Corporation's legal representative Lin Binghui was reelected as the chairman. Lin stressed Kafu's commitment to sustainable development by establishing a Sustainability Development Committee in March, incorporating ESG into operational evaluation metrics and obtaining a new version of cybersecurity certification. The company's net profit after tax in 2022 was NT$130 million, with earnings per share (EPS) of NT$2.17, showing a 22% growth from the previous year. The platform has gained over 20,000 new customers so far in 2024, with a total of over 275,000 customers and fund deposits nearing NT$140 billion. Kafu's mobile app has amassed over 140,000 downloads, ranking among the top 100 in the finance category on both Apple Store and Google Play. Chairman Lin highlighted Kafu's continuous growth in customer base and fund deposits due to initiatives such as a fee-free lifetime policy for all fund purchases, regular investment plans, and a dedicated fund management app. The company's retirement planning platform, despite facing challenges from COVID-19, the Russia-Ukraine conflict, and global central bank interest rate hikes, has persevered and is now entering a positive phase, with new projects set to be announced in early July.
Source: YAHOO
Reported 10 months ago
台北報導，微型泵閥公司科際精密（4568）通過股東會通過超額配息2.5元，預期今年營收將回到2022年或略增，獲利預估優於去年，法人預估今年EPS有望翻倍至3元以上。公司在家電、醫療及車用腰托三大領域有成長，帶動第一季EPS回升至0.50元，合併前五月營收年增16.03％。其中家電事業營收預計占比將回升至50％。在醫療領域，公司預計今年第四季可開始出貨。
Source: YAHOO
Reported 10 months ago
Minister of Economic Affairs Lin Ching-Wang officially retired on June 15, with Executive Yuan appointing Industry Development Bureau Director Lien Chin-Chang as the new minister. Minister of Economic Affairs Guo Zhihui hopes to utilize Lien Chin-Chang's capabilities to oversee various cross-sector tasks, especially in promoting renewable energy, green electricity trading, ensuring stable power supply, and helping industries transition towards net zero by 2050. Amid recent power outages, the ministry plans to release monthly power supply data from July to December to reassure the public. Minister Guo emphasizes the adequacy of electricity supply and aims to address concerns regarding aging power distribution lines to ensure a comfortable summer for consumers.
Source: YAHOO
Reported 10 months ago
Taiwan S Investment expects that AI technology has initiated the 4th wave of more than a decade-long semiconductor bull market, projecting over 1.8 times revenue growth potential until 2032, focusing on the semiconductor industry growth opportunities. They are launching Taiwan's first active global semiconductor fund 'Taiwan S Global Key Semiconductor Fund' on July 1, emphasizing the potential of semiconductor enterprises for investors. The fund offers A.C.T.3 advantages: Active Management, Chain strategy, and accomplished Team, all geared towards maximizing investment potential.
Source: YAHOO
Reported 10 months ago
KSC held its shareholder meeting on June 20, 2024, passing a dividend of 1 NT dollar and completely electing new directors, including third-generation successors Lü Weicheng and Sheng Lüande. The company reported challenges in sales due to shrinking market conditions compared to 2022, particularly in exports to Korea. Despite this, the company managed to turn a profit in the past year, with a net income of 4.33 billion NT dollars. The meeting marked a clear transition to the next generation of leadership within the company, with notable developments in land development projects and joint ventures making headlines as well.
Source: YAHOO
Reported 10 months ago
According to a report released by the Financial Supervisory Commission on June 20, 2024, 108 financial institutions in Taiwan have utilized AI, with 29 of them employing generative AI systems. The Commission announced the immediate implementation of the 'Guidelines for the Use of AI in the Financial Industry,' with each financial industry association expected to establish self-regulatory norms based on these guidelines. The directive emphasizes the need for accountability, emergency shutdown mechanisms, and minimal data collection when training AI using customer information. The guidelines are intended to assist financial institutions in responsibly using AI, with potential penalties for violations in the future.
Source: YAHOO
Reported 10 months ago
Pharmigene announced on June 20, 2024, its acquisition of Emergent BioSolutions' aseptic drug plant in Kon-Town, Maryland, for $30 million USD (approximately NT$960 million). This move enhances Pharmigene's global Contract Development and Manufacturing Organization (CDMO) capabilities and signifies its strong presence in the U.S. The acquired plant spans 86,900 square feet with 4 aseptic drug production lines supporting various processes. Pharmigene plans to expand its market globally beyond the U.S., leveraging the plant's production capacity and regulatory certifications. The acquisition is expected to boost Pharmigene's revenue and solidify its position as a leader in the biopharmaceutical industry.
Source: YAHOO
Reported 10 months ago
Recently, there has been a surge in investments in AI-related stocks, particularly in U.S. technology stocks, driving them to consecutive gains. Analysts note that the U.S. fundamentals remain strong, especially leading up to the U.S. election, making U.S. stocks an optimistic choice. Funds focus on relatively undervalued, high-quality assets within the U.S. market to mitigate inflation and high interest rate impacts. Opportunities in AI applications across various sectors like technology, healthcare, and core consumer goods are expected to maintain growth. While risks persist in the market due to factors like inflation and geopolitical tensions, the rise in tech stock prices reflects a growth in company profits, making them not necessarily overvalued. Diversified investments through funds are recommended for individuals to align with their risk tolerance and capitalize on the ongoing AI trend.
Source: YAHOO
Reported 10 months ago
Institutional Investor, an international authoritative financial media, announced the results of the '2024 Asia's Best Management Teams' selection, with Taiwan's Taiwan Mobile showcasing outstanding corporate governance and winning five awards, including 'Most Respected Companies' in Asia (excluding Japan), 'Best ESG' in the telecom industry, 'Best Investor Relations Team', 'Best Board of Directors', and more. The company's CEO and CFO also won individual awards, making Taiwan Mobile the top-ranked telecom company in Asia (excluding Japan and China).
Source: YAHOO
Reported 10 months ago
Bakeware manufacturer Three-A KY (6671) announced at the shareholders' meeting on June 20, 2024, that its EPS had risen to 2.89 yuan last year, with a dividend of 2.50 yuan approved. The company plans to intensify exhibition participation this year to achieve the 2021 historical revenue target. Additionally, Three-A KY has initiated second-generation succession planning, with the CEO and General Manager, Xiao Kaifeng, taking over from Chairman Zhang Ruirong. Zhang's daughter, Zhang Xinyi, has been appointed as the Managing Center Director, while her brother, Zhang Zhihao, currently serves as the Marketing Director, preparing for future succession. The company is also establishing an Indonesian factory to serve the Southeast Asian market.
Source: YAHOO
Reported 10 months ago
In response to the increasing demand for financial products in Taiwan, Yuanta Securities has recently launched a revamped service called 'Taiwan Stock e指存,' which offers a unique feature that allows automatic stock selection based on moving averages, KD indicators, and RSI indicators. Investors can adjust parameters freely and customize their stock selection strategies. The updated service provides various stock selection options and a group backtesting feature, aiming to enhance user experience and meet the evolving needs of investors for diversified asset allocation. Yuanta Securities has been recognized for its digital services, winning multiple awards including the 2023 FCA Innovative Business Award and the 17th Wealth Management Bank and Securities Evaluation 'Best Sustainable Development Award'. The patented technical stock selection feature in the revamped Taiwan Stock e指存 is part of Yuanta Securities' ongoing efforts to develop user-centric digital services.
Source: YAHOO
Reported 10 months ago
Taiwanese IC giant LY Semi entered the supply chain for the iPhone 16 earlier this year, securing certification ahead of competitor LX Semi. However, recent reports from the supply chain indicate that LX Semi has also received certification and, with full support from its wafer foundries, is now competing with LY Semi. LX Semi remains the exclusive supplier for LGD OLED displays in the second half of the year, with the wafer input set to significantly increase in September. LX Semi's closer collaboration with leading foundries poses a challenge to LY Semi's previous strategy of relying on mature foundries. With LX Semi securing more orders, there's a shift in the OLED driver IC supply as Apple favors LGD and LX Semi, potentially impacting LY Semi's orders. Despite this, LY Semi remains optimistic and aims to explore new opportunities with Apple to supply components for products like iPad OLED DDI and Apple Watch. Concerns over slowing TV demand due to reduced sporting events, sluggish sales during 618, and conservative attitudes from brand manufacturers may affect the demand for DDIC and other components. LY Semi continues to invest in OLED production lines and innovate, such as developing IT TCON products using a 12-nanometer advanced process for high-performance computing units in UHD 240Hz LCD and OLED panels to target high-end laptops.
Source: YAHOO
Reported 10 months ago
HTC actively transitions from hardware manufacturing and sales to becoming an ecosystem integration provider and has almost completed its layout for the same. At the shareholder meeting held on June 20, 2024, Chairwoman Wang Xuehong expressed the company's commitment to investing in the metaverse ecosystem, emphasizing the potential brought by AI and the metaverse. Through close collaboration with NVIDIA, HTC is leveraging NVIDIA's GPUs in its servers and focusing on AI applications in both cloud and terminal devices. The company is set to unveil ecosystem-related developments in a presentation at the end of July, showcasing its VR projects and innovative products with a shift towards a more diversified revenue structure that includes platform construction, licensing, and content sharing to create more value.
Source: YAHOO
Reported 10 months ago
Formosa Plastics Group's stock prices have been weak, leading to concerns from shareholders. During three consecutive shareholders' meetings this week, the chairmen of the group's companies apologized for last year's poor performance but also announced strategies for differentiation, high technology, healthcare, new energy, and new businesses to boost investor confidence. With the approach of the new product season, and the rising prices of raw materials, copper, and air and sea transportation, along with the strong declaration of transformation by Formosa Plastics Group's chairman, the stock prices finally rebounded, making all nine listed stocks in the group close in the green. Their transformation plan focuses on high technology, healthcare, and energy, with efforts such as developing semiconductor-grade chemicals and gases, anti-adhesion technology for medical applications, and products for clean energy. This shift aims to strengthen Formosa Plastics Group's competitive edge in a changing global economy and supply chain, successfully showcasing their ambitious transformation goals.
Source: YAHOO
Reported 10 months ago
The Financial Supervisory Commission (FSC) clarified that it maintains a consistent stance on the potential merger between Taiwan Shin Kong Financial Holding and E.SUN Financial Holding, emphasizing adherence to legal regulations. Reports suggested disagreements within the FSC regarding the recognition of E.SUN's private equity by Taiwan Shin Kong, but the FSC stressed that without formal applications, they cannot comment. The cancellation of a planned board meeting by Taiwan Shin Kong was interpreted as a requirement to first obtain FSC approval. E.SUN's subsidiary, E.SUN Life, faces capital shortfalls and seeks capital infusion while being 100% owned by E.SUN Financial Holding, leading to regulatory concerns. E.SUN Financial Holding's potential investment in E.SUN Life is subject to FSC approval under certain conditions.
Source: YAHOO
Reported 10 months ago
To revive the real estate market and increase the cash flow of real estate companies, more and more cities in China are encouraging state-owned enterprises to help 'clear inventory' by acquiring unsold new homes. Over 30 cities have introduced incentive policies for this purpose. The People's Bank of China provided 300 billion yuan in support for state-owned enterprises to purchase unsold new homes as part of the government's efforts to reduce housing inventory. Specific pricing methods for these acquisitions vary by city, with some using cost-based evaluations. Analysts point out that while encouraging state-owned enterprises is beneficial, there may be financial risks involved for local governments. Overall, if 35 key cities and 80 cities can reduce their housing inventory turnover to below 18 months, the required funding for inventory clearance through acquisitions would amount to 1.1 trillion yuan and 1.8 trillion yuan respectively.
Source: YAHOO
Reported 10 months ago
Diabolo Industries, a car light components factory, is set to expand to Thailand with plans to invest significantly in building a factory on over 15 hectares of land in three phases, with the first phase expected to start production in two years. The total investment in the new Thai factory is estimated to be between 2 to 3 billion NTD. Diabolo's Taiwan headquarters also plans to establish a car electronics department for developing advanced products like LED, AFS, and ADB. They are introducing new car light designs that combine headlights, tail lights, and turn signals for a more unified look, believing that this trend will lead to increased revenue. Diabolo's overseas factories in China focus on producing OEM car lights for various joint venture companies, with expectations of improved business performance in 2024 due to strengthening demand for automobile parts.
Source: YAHOO
Reported 10 months ago
中國企業在2024年歐洲盃賽事中蓬勃發展，13家最高級別官方贊助商中，有5家來自中國，包括比亞迪首度入列，成為首家與歐足聯合作的新能源汽車廠商。儘管中歐電動車關稅問題未解，比亞迪卻獲得17.4%的臨時性關稅，預料影響有限，股價更是飆漲，展現強勁實力。其他中國企業包括vivo、海信集團、速賣通和螞蟻集團旗下「Alipay+」等。
Source: YAHOO
Reported 10 months ago
Quanta's spokesperson and CFO expressed high expectations for AI opportunities during a recent financial briefing, highlighting the establishment of an AI computing center and anticipating significant revenue contribution next year from the booming AI market, especially with the launch of Apple's new AI-powered iPhone series. With various business opportunities arising in the second half of the year and positive prospects in different product sectors, Quanta aims to surpass a billion NT dollars in annual revenue, building on last year's success.
Source: YAHOO
Reported 10 months ago
After the wave of artificial intelligence (AI) emerged, countries have been developing generative AI to seize business opportunities. Leveraging advantages such as prestigious universities and investments from US tech giants, the UK has quickly become the top country for generative AI in Europe. With 221 generative AI startups in the region, 30% are in the UK, followed by 14% in Germany, 13% in Israel, 11% in France, and 6% in the Netherlands. The UK's success in this field is attributed to its top universities nurturing AI talent, an early start in the AI industry, and attracting investments from US tech giants.
Source: YAHOO
Reported 10 months ago
Chen Jianyu reported from Kaohsiung on June 20th, CSC released its Q3 prices along with the prices for July, maintaining flat prices for various items in July while increasing prices for some products in Q3, in line with market expectations. CSC decided to take action against the massive low-priced steel exports from China and indicated a possible application for trade relief measures to protect the domestic industry. The price increase for products such as steel plates and automotive materials in Q3 reflects strong demand in industries like steel structures and the automotive sector. The global economic situation is improving, with Taiwan benefiting from the development of AI technology and high-performance computing and raising its GDP growth forecast. CSC anticipates a rebound in global steel demand in 2024 and 2025 after a two-year decline.
Source: YAHOO