Reported 10 months ago
On the first day of the Dragon Boat Festival holiday on June 8, coinciding with the United Nations’ 'World Oceans Day,' Far Eastern International Bank led its employees from central regional branches to participate in a beach cleanup at Taichung's Dalian Wenliao Fishing Port on June 7. This initiative aims to promote environmental sustainability and raise awareness about protecting the Earth and oceans. The bank's cleanup activities not only involve physical labor but also encompass aspects of ESG in environmental protection, social engagement, and corporate governance. Through these actions, employees share environmental conservation concepts, promote sustainability, and strengthen teamwork to uphold ESG principles.
Source: YAHOO
Reported 10 months ago
Taiwan Futures Exchange will continue to hold the '3rd Quarter 2024 Trader Futures and Options Course' to assist traders in establishing correct futures trading and hedging concepts. The course will be conducted online with sessions in July, August, and September, covering topics like practical introduction to futures and options, strategies and applications, risk management, and options selling risks. Registration is now open on the exchange's website, emphasizing on improving financial literacy and providing key information on the futures market.
Source: YAHOO
Reported 10 months ago
Looking ahead to the second half of 2024, Lion Travel will focus on 'cruises,' 'railways,' and 'sustainable development,' continuing to develop its cruise business, rail economy, and green tourism. In response to industry labor and material shortages, they will utilize information, technology, and even AI to drive enterprise change. Chairman Wang Wen Jie will personally lead Lion Travel in promoting digital innovation, optimizing international channels and digital applications, improving customer experience, and achieving higher operational efficiency. Lion Travel's shareholder meeting approved last year's financial report and profit distribution, with record-high revenues and profits. Lion Travel plans to expand the cruise market by offering global Fly Cruise trips to the Caribbean, Alaska, and the Mediterranean, as well as introduce new train services like the Ali Mountain Forest Trains. They will integrate resources, enhance inter-business synergy, and invest in companies like AsiaYo and FunNow, aiming to accelerate development, diversify services, and enhance market competitiveness. Additionally, Lion Travel will collaborate with academic institutions to recruit international students and establish the Lion International Elite Academy to elevate talent training quality and inject new vitality into the industry.
Source: YAHOO
Reported 10 months ago
NVIDIA and TSMC drive the wave of AI investment, leading to at least 7 billion NT dollars in capital increase for 15 AI stocks like Quanta and Delta Electronics. With Apple joining the AI industry, the investment craze intensifies in the Taiwanese stock market, pushing stocks higher despite warnings of overvaluation. The AI frenzy has attracted global funds, resulting in a simultaneous surge in the US, Taiwan, and Japanese stock markets. Major players like TSMC are the driving force behind the surge, with institutional investors buying heavily into key stocks, driving the market upwards. Foreign investors have been targeting high-value stocks, creating a trend where strong stocks become even stronger. During the bullish trend, 15 AI concept stocks, including heavyweights like Hon Hai, Quanta, and Delta Electronics, saw significant institutional buy-ins, boosting the overall market.
Source: YAHOO
Reported 10 months ago
Electric scooter provider Gogoro has officially announced the delivery of their performance flagship model Pulse on June 20, following the successful delivery of the budget-friendly JEGO. With over 2,500 orders for Pulse, Gogoro expects to maintain double-digit growth in monthly license plate registration, potentially surpassing a 10% market share. With the growing deliveries of JEGO and the launch of Pulse, Gogoro aims to reverse the declining performance seen in 2024 and reduce the year-on-year decline in license plate registrations to single digits for the first half of the year. The company plans to further expand their retail and service center network to strengthen their position in the market and continue positive sales growth throughout the year.
Source: YAHOO
Reported 10 months ago
Hwai Chiou-yi/Taipei reported on June 20, 2024, at 4:10 PM, Huida CEO Huang Renxun visited Taiwan again, turning into the strongest AI salesperson, arousing high market expectations for the prospects of AI applications, which has been a trend since May. Observers note that since May, seven new funds have been approved for issuance, with three focusing on multi-asset themes related to AI, growth, and returns, one being a stock fund, and three index stock funds. AI, technology, semiconductors, and Japan are significant keywords for these new funds. The market's preference for multi-asset theme funds and equity funds, which offer growth prospects and are favored by the market due to market volatility, fund rotation, and trends in AI and semiconductors, have become the key points of interest for fund companies in the second half of the year. For example, the recently approved Allianz AI Income Growth Multi-Asset Fund primarily seeks investment opportunities in the AI industry's upstream and downstream sectors in the long term, aiming to leverage AI advantages to promote revenue growth or cost reduction, focusing on innovative companies to pursue long-term capital gains growth. With the trend industries facing various disruptions in the long-term development process, external factors such as economic changes, And other factors, Allianz AI Income Growth Multi-Asset Fund is designed to diversify risk across capital structures and pursue multiple sources of income to create AI income multi-asset allocation suitable for more investors, with a focus on AI advantages and diverse income sources. Looking ahead, as the headwind of interest rate policies gradually fades, market focus is expected to return to corporate profits and resilience in the fundamental area of benefits. However, considering the uncertainty of policy pace, with the cumulative gains of the short-term market, in anticipation of continued bullish market conditions, the composite assets should prepare for fluctuations and reassess assets as the core to capture returns, coupled with multi-asset layout in mainstream trend areas, on the one hand, to reduce potential fluctuations and also help seize rotational market trends. Huang Yiche, manager of Nomura Global Technology Multi-Asset Fund, believes that the Fed is inclined to continue observing data before deciding whether to cut interest rates. Overall inflation risks have not disappeared, with 78% of S&P 500 companies in the last quarter reporting better-than-expected results, higher than the long-term average. Among these, information technology stocks performed the best, indicating that AI-related tech stocks are still the focus of investment. Nearly 90% of companies in the last quarter exceeded profit expectations, with short-term inflation and geopolitical risks unresolved, making it a good time to position in technology multi-asset sectors.
Source: YAHOO
Reported 10 months ago
According to Lung Sze Technology (6609), the company's performance is expected to improve steadily throughout the year despite the impact of China's termination of the ECFA agreement. With orders visible until the third quarter and the benefits of integrating with Japan's Nidec group becoming more apparent, Lung Sze Technology aims for growth in revenue and profits for the full year. Despite a loss in the first quarter, the company remains optimistic, focusing on cost reduction strategies and adjusting production locations to mitigate the effects of the ECFA termination.
Source: YAHOO
Reported 10 months ago
According to the Ministry of Economic Affairs, the latest data on May's export orders showed a significant increase in orders from the Association of Southeast Asian Nations (ASEAN) region, reaching $9.05 billion, a year-on-year growth of 19.7%. This growth is attributed to increased demand for information and communication technology (ICT) products, driven by global supply chain shifts. While the orders from the United States, Mainland China and Hong Kong, and ASEAN showed positive growth trends, Europe and Japan experienced negative growth. Despite ASEAN's order value being less than $10 billion, it recorded the highest annual growth rate of 19.7%, making it a beneficiary of supply chain shifts.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, at 4:10 pm, Minister of the Interior Liu Shi-fang stated that national parks, wetlands, and coastlines are crucial natural carbon sink areas in Taiwan, acting as important blue carbon sources and restoration bases for the 2050 net-zero transition. The Ministry of the Interior plans to enhance national park carbon sequestration by planting trees in areas affected by invasive species, degraded habitats, abandoned farmlands, and sandbars, estimating a yearly reduction of 1,981.3 thousand tons of carbon dioxide equivalent. By actively promoting a national park net-zero emission strategy, the forest carbon sequestration and blue carbon storage are projected to remove approximately 2,053.7 thousand tons and 340 thousand tons of carbon dioxide equivalent annually, respectively.
Source: YAHOO
Reported 10 months ago
皇鼎（5533）於2024年6月20日召開股東會，儘管去年EPS下降，但由於未來完工交屋量增加，資金回收預計約60億元，因此決定向股東配息1.2元，為近三年最高。公司總經理表示，未來兩年將陸續完工交屋四大案，包括皇鼎麗園、財星科技、靜心園、立人名邸，以期業績回歸正軌。
Source: YAHOO
Reported 10 months ago
Despite the UK inflation rate dropping to the 2% target, the Bank of England maintained the benchmark interest rate at a 16-year high of 5.25% for the seventh consecutive time after its meeting on June 20. However, signaling dovishness, the BoE hinted at more policymakers being open to easing policies. Market reactions showed traders betting on an August rate cut probability rising from 32% to over 50%. The BoE's Monetary Policy Committee voted 7-2 to keep rates unchanged, with Vice-Chair Ramsden and external member Dhingra favoring a cut to 5%. Governor Bailey explained that while recent data showed inflation hitting targets, it was still too early for a rate cut, emphasizing the need to ensure inflation remains low. Factors indicating a rate cut might be near include easing service industry inflation and wage growth slowing since the previous meeting. Economists polled by Reuters last week expect the BoE to start reducing rates in August, with the BoE noting achieved inflation targets, easing short-term inflation expectations, and wage growth slowdown. However, uncertainties in labor market activity make it challenging to evaluate. The Bank also underscored the need for restrictive monetary policies to be maintained sufficiently long to sustainably return inflation to the target level of 2% in the medium term. It raised the GDP growth forecast in the second quarter from 0.2% to 0.5% and expects a slight rise in the Consumer Price Index in the second half of the year, mainly due to energy prices providing inflation support.
Source: YAHOO
Reported 10 months ago
According to a report by the International Monetary Fund (IMF) on June 20, 2024, over a hundred countries globally are researching the issuance of Central Bank Digital Currencies (CBDCs), with Taiwan's central bank also revealing its preliminary structure, planning three main aspects: implementing a dual-layer issuance system, initially offering CBDCs without interest but retaining interest-bearing function, and classifying wallets to accommodate digital disparities while maintaining the issuance of physical cash for specific demographic preferences and habits. The central bank noted that CBDCs will be distributed through intermediaries like banks and non-banking institutions, who will provide users with CBDC wallets, interfaces, and additional value-added services.
Source: YAHOO
Reported 10 months ago
As the peak summer season approaches and travel demand rises with the recovery of air transport capacity, Taiwanese people are eager to travel abroad, with the recent earthquakes in Taiwan affecting both the domestic and incoming tourism markets. To boost occupancy rates, various Taipei hotels such as Shin-Weng Business Hotel, Leofoo Hotel, Leofoo Hotel Yilan, Shangri-La's Far Eastern Plaza Hotel Taipei, Evergreen Laurel Hotel Taipei, and Chamber.8 Taipei are targeting local customers with special themed accommodation offers, marking the start of the summer's first competition for guests. While the first quarter saw a boost in the Taipei hotel tourism sector due to the resurgence of cross-border travel post-pandemic, the second quarter experienced a decline in inbound tourism following the earthquakes in Hualien, resulting in decreased occupancy rates in Taipei hotels. Concerns about earthquakes led to cancellations from international travelers from Europe, America, Hong Kong, Macau, Singapore, Malaysia, Japan, and South Korea, affecting both urban hotels and leisure resorts during the summer. Taipei's tourism hotels in the western district are more active in offering promotional packages, while those in Xinyi and the eastern district have maintained their business clientele due to exhibition participation and business travel, thus facing less pressure to promote rooms. Shin-Weng Business Hotel, Leofoo Hotel, and Leofoo Hotel Yilan are focusing on guests attending the 2024 Dadaocheng Summer Festival, while Chamber.8 Taipei, located in the back of Taipei Main Station, is targeting business travelers for promotions.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, the People's Bank of China announced that the Loan Prime Rate (LPR) for June remained unchanged from the previous values, with the 1-year LPR at 3.45% and the 5-year LPR at 3.95%, meeting market expectations. Analysts suggest that due to challenges such as the narrowing bank interest margins and uncertainties in the US interest rate outlook, the potential for policy rate cuts in China is limited. Despite expectations, the lack of interest rate adjustments may be due to limited stimulus effects on the housing market from rate cuts, as seen with previous policy changes like the '517 New Policy' in May. The connection between LPR and MLF rates may not be direct, and future adjustments will depend on market conditions.
Source: YAHOO
Reported 10 months ago
As the summer vacation approaches, the best parent-child amusement park to visit is the Qiaohu Dreamland in Qingpu, Taoyuan. Children can spend a joyful summer with the beloved characters Qiaohu and Qiqi. The park offers a variety of attractions including the Fun Party Show, Dreamful Big Ball Pool, Dream Experience City, Interactive Game Area, and Future Lab to enhance learning motivation and provide entertainment for children. The popular Ocean World stage hosts monthly themed theater activities and birthday celebrations for children, allowing them to enjoy close interactions with the characters.
Source: YAHOO
Reported 10 months ago
After experiencing significant capital increases and decreases due to epidemic-related claims, except for New Taiwan Tokyo Marine Insurance and Mega Financial Holdings Insurance, the capital of the other four major property and casualty insurers has returned to pre-epidemic levels. Companies such as Fubon Insurance and Tokio Marine Insurance underwent capital decreases, resulting in increased per-share net value. Amid ongoing disputes over epidemic-related claims, Mega Financial Holdings Insurance has been involved in litigation with Hannover Reinsurance Company, leading to provisions for losses in the fourth quarter of the previous year. The company plans to reassess its financial statements based on the lawsuit's progress.
Source: YAHOO
Reported 10 months ago
Yeh Hui-ching, a former director of the Economic Ministry's Energy Bureau, has been elected as the new chairman of E.Sun Financial Holding on June 20, 2024, as the company celebrates its 100th anniversary. Yeh is expected to lead the group in transitioning towards climate technology industries to tackle future challenges like carbon fee policies and emission reduction trends. With extensive experience in both public and private sectors, especially in energy policies and carbon management, Yeh's appointment is poised to guide E.Sun Financial Holding towards flexible and rapid development strategies in response to emerging environmental policies and variables.
Source: YAHOO
Reported 10 months ago
The latest data released by the Ministry of Economic Affairs shows that export orders in May reached $48.89 billion, a 7% increase from the previous year, exceeding expectations. The growth is attributed to increased demand in high-performance computing, AI, cloud industries, and the replenishment of inventory by downstream customers. The ministry predicts a continuous quarterly growth trend in export orders, with June orders expected to range between $49 billion and $51 billion, a year-on-year increase of 10.9% to 15.4%. Various sectors such as information and communication products, chemicals, and plastics are experiencing growth due to factors like inventory replenishment and price increases in raw materials. The outlook remains positive for the export industry, driven by advancements in efficient computing, AI applications, and Taiwan's competitive advantage in semiconductor and server supply chains.
Source: YAHOO
Reported 10 months ago
AMAX-KY (6933), a server and cabinet solution provider, anticipates a growth in revenue this year compared to last year due to a surge in AI demand. The company revealed that it has received significant RFQs recently, with projects expected to unfold gradually in the second half of the year, leading to better performance in the third quarter than the second quarter. Challenges faced in the previous year due to geopolitical issues, chip supply shortages, and delayed shipments have contributed to a 7.39% year-on-year revenue decrease in the first five months of this year. The company's Chairman, Ni Xiaoqing, highlighted the product revenue composition and projected a significant increase in the liquid cooling cabinet's share due to rising demand for liquid cooling. Despite the delayed release of the new B200 model, the company's collaboration with NVIDIA positions them well to secure components in advance.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, the Taiwan stock market hit a new high with the New Taiwan Dollar breaking free from recent consolidation, surpassing the 32.3 yuan mark as foreign capital flowed in. However, importers' currency buying narrowed the increase, closing at 32.328 yuan, up 3 points, with a total turnover of $1.7575 billion. Analysts suggest that the recent stagnant momentum of the New Taiwan Dollar was disrupted by the influx of foreign funds, providing bullish support for short-term breakthroughs. Watch out for US inflation data and escalating geopolitical risks for future market trends.
Source: YAHOO
Reported 10 months ago
As the Chinese economy and stock market continue to weaken, there has been an increasing trend of Chinese and Hong Kong companies applying for small initial public offerings (IPOs) in the US under relaxed overseas listing restrictions by Chinese regulatory authorities. However, the Nasdaq stock exchange is on high alert and is reportedly strengthening its scrutiny of these small IPOs from China and Hong Kong to avoid a repeat of the extreme volatility that occurred two years ago, affecting market investor interests. Despite escalating tensions between China and the US in recent years, Chinese companies continue to seek IPOs in the US, acknowledging China's significant market influence. With the previous closure of Hong Kong's small-cap Growth Enterprise Market (GEM), Nasdaq has become an appealing option for these small enterprises. Following past instances of extreme stock price fluctuations, Nasdaq has decided to enhance its scrutiny of Chinese and Hong Kong companies applying for listings, questioning aspects such as shareholders' backgrounds, relationships, and independence, adding uncertainty and increasing costs to the application process.
Source: YAHOO
Reported 10 months ago
Baker Furniture, with a history of over a hundred years, opened its first flagship store in Taiwan in Taichung. As a leading global furniture manufacturer under the Taichung International Group, the rise and success of the group, particularly Chairman Guo Shan-hui's transformation and expansion strategies, have been widely discussed in the cross-strait Taiwanese business community. The group, known for brands like Universal, Legacy, and Craft Master, recently acquired the renowned American Baker-McGuire brand. This move marks the beginning of Baker-McGuire's expansion into Asia, starting from Taiwan, offering a unique blend of classical luxury with modern art, design, and culture to cater to the high-end furniture market and customers worldwide.
Source: YAHOO
Reported 10 months ago
As the Taiwan stock market continues to soar, yielding a bullish trend, high-dividend and thematic ETFs are thriving. Leading ETFs like Yuanta High-Dividend Low-Volatility (00713) and Fuh Hwa Taiwan Tech High-Dividend (00929) are stepping into the dividend season, providing opportunities for over a million investors to profit from price differentials and dividends. With the market rally bolstered by rotation in weight stocks, the Taiwan stock ETFs are also following suit, moving towards dividend payouts. As the market remains optimistic about future gains, the ETFs are expected to witness further increases post-dividend, with some showing more than 50% dividend filling progress.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, Han Xiang, a maintenance contractor for educational aircraft, had its stocks bought by foreign investors, with the price briefly returning to the yearly average line. In a similar fashion, Ju Yang, a popular brand, saw institutional investors buying back its stocks for three consecutive days as the company entered a cycle of restocking inventory. Han Xiang faced delays in aircraft deliveries due to engine component shortages, but the supply is expected to smooth out by the end of the third quarter in 2024. Despite the setbacks, both companies have positive growth prospects and promising collaborations in the international market.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, at 4:10 pm, Taipei's prime properties are scarce, attracting developers to launch hotel projects. Recent transactions show that a 114-square-meter, 7-story 'Anhe Boutique Business Hotel' near MRT Xinyi Anhe Station on Anhe Road was sold for about 920 million NT with a land price reaching 8.06 million NT per square meter. With the gradual recovery of the domestic tourism industry post-pandemic, hotel sales have decreased, with only three hotel transactions in Taipei in recent years, including this Anhe Road hotel sale and others like 'Taipei Green Dot Hotel' and 'Ximending Rich Garden. Renovating or rebuilding old hotels has become a trend during the pandemic, attracting investors due to the stable cash flow and prime locations for long-term investment.
Source: YAHOO