Reported 10 months ago
The 2024 Taipei International Food Expo will take place at the Taipei Nangang Exhibition Center from June 26 to 29. Miaolin Co. Ltd. will focus on the theme 'Colorful Feast Pusher: Efficient Process' and has planned four major theme areas. They will provide solutions tailored to market demands for the catering industry, based on research indicating a strong post-pandemic rebound in dining-in and banqueting needs. Buffet restaurants have seen a significant annual growth rate, with increasing consumer focus on quality ingredients, promotions, taste, and service. Miaolin aims to address challenges like stable ingredient costs and labor force by offering strategies focusing on safety, efficiency, and quality to enhance the buffet dining experience.
Source: YAHOO
Reported 10 months ago
Following the recovery of the economy after the COVID-19 pandemic, passive component giants KOA and Yageo have succeeded in reducing their inventories, further restarting their merger routes. KOA's investment in Lijiale and Yageo's stake in Crystal Technology have not only demonstrated their financial strength but also facilitated a more complete product line to enter the AI race. With potential exclusion from the supply chain due to the US-China trade war and the lack of new faces in the passive component industry, Taiwanese factories have seized the opportunity to enter the AI server or GB200 liquid-cooled server markets through customers, as the demand for MLCCs in AI PCs is expected to surge by 80%. This marks the largest investment by KOA and Yageo since 2024.
Source: YAHOO
Reported 10 months ago
Hsin Chuang, the stock king, continues to reach new historical highs in June, with foreign bank HSBC releasing a new stock report upgrading it to a 'buy' rating with a significantly increased target price of NT$6,400. This pushed Hsin Chuang's stock price to reach a high of NT$5,050 intra-day and close at NT$4,985, prompting a comparative effect in the high-priced stocks club and causing MediaTek, Unizyx, WPG Holdings, and Catcher Technology to hit new historical highs. Analysts believe Hsin Chuang will benefit from the GB200 technology, expecting a strong recovery in BMC shipments in the next two years and emphasizing AI server demand. With positive outlooks on BMC shipments and AI needs, earnings per share for 2024 and 2025 have been raised, leading to a target price increase and a 'buy' rating.
Source: YAHOO
Reported 10 months ago
Recent reports of the Omicron variant causing a rise in COVID-19 cases have drawn attention to the biomedical sector. Despite uncertainty about the direct impact of such news on biomedical stocks and funds, the suppressed prices and clear future prospects of biomedical stocks suggest a favorable entry point. Companies focusing on vaccine development and the healthcare sector, particularly in novel treatments for metabolic diseases like obesity and central nervous system disorders, are experiencing a surge in stock prices. The market is optimistic about advancements in the biotech industry, driven by ongoing clinical data releases and increased merger and acquisition activities by pharmaceutical companies to offset revenue declines from patent expirations.
Source: YAHOO
Reported 10 months ago
Huaxinke and Jiabang Group jointly invested 2.338 billion yuan to subscribe to the private placement of the global quartz component leader Crystal Technology, acquiring 7.47% of Crystal Technology's shares. Huaxinke became the largest single shareholder of Crystal Technology, aiming to strategically invest and cooperate in the AI, automotive, and information markets. The investment was made at a discount of 17.26% based on the subscription price compared to Crystal Technology's closing price on June 20. Huaxinke and Jiabang successfully acquired the private placement in Crystal Technology by investing 19.45 billion yuan and 3.93 billion yuan, respectively, totaling 23.38 billion yuan for a 7.47% stake in Crystal Technology.
Source: YAHOO
Reported 10 months ago
Foreign investors are focusing on high yield stocks with a cash dividend rate of over 4%, showing interest in stocks like Evergreen Marine, Mega Financial Holding, and Yuanta Financial Holding. Foreign investors have accumulated buying of Taiwanese stocks for 3 consecutive days, reaching a total of NT$89.3 billion. With companies in Taiwan estimated to achieve a profit growth of 20% this year and exceeding 20% next year, the market is witnessing a surge in funds flowing in due to the establishment of AI long-term trends. Despite the current P/E ratio reaching 19 times the level and exceeding profit expectations for next year, there are still many stocks with a cash dividend yield of over 4%. Additionally, foreign capital has been aggressively buying back Taiwanese stocks, with a net buy of NT$22.71 billion on the 20th and a total of NT$89.376 billion over the past 3 trading days, totaling an accumulation of NT$144.881 billion since starting this buying streak on June 12th. As of June 20th, screening for stocks with a cash dividend yield exceeding 4% and recent bullish activities by foreign investors, there are 14 stocks with high dividends and strong fundamentals such as Evergreen Marine, Mega Financial Holding, Yuanta Financial Holding, China Life Insurance, Uni-President Securities, Taishin Securities, among others.
Source: YAHOO
Reported 10 months ago
In May, major shareholders, directors, and internal stakeholders of listed companies in Taiwan collectively sold over 130,000 shares, reflecting a trend in the stock market. Notable transactions include Quanta Chairman Shen Qingxing selling 110 shares, while major buying activities included Yuanta Innovex acquiring 2,579 shares of Canon stock and Gade adding to its subsidiary's shares. Despite heavy selling pressures in May, including tax payments and the traditional stock market adage 'Sell in May and go away,' Taiwan's stock market continued to rise in June, reaching new highs with the support of Hon Hai and TSMC. Various individuals and companies were involved in selling or buying shares, with notable movements from Quanta's Chairman Shen, Dashan's major shareholder Su Wenzong, and Gade's Vice Chairman Lin Feihong, among others. Gade also announced plans to repurchase shares to show support for the company.
Source: YAHOO
Reported 10 months ago
Orangenews reports that at the annual shareholder meeting on June 20, 2024, the Chief Financial Officer of Orange (6180) stated that the company's operations in 2024 are expected to surpass those of 2023. Factors contributing to revenue growth include the revamp of 'MapleStory' at the beginning of the year and the launch of a new game 'Polarisia Chronicles' in late June. The company also announced a cash dividend of 3.28 yuan per share. With popular existing games like 'MapleStory' and 'Lineage', as well as the newly released 'Polarisia Chronicles', Orange anticipates a positive impact on revenue for the coming year.
Source: YAHOO
Reported 10 months ago
As of June 20, 2024, global financial markets have performed strongly this year, but investors are concerned about the risks of a pullback after the rise. Foreign banks believe that despite facing a strong US dollar, high interest rates, and geopolitical risks, market volatility is still decreasing, with the VIX fear index at very low levels. Unless three major catalysts occur, such as unexpected inflation surge, heightened geopolitical risks, or a US election outcome exceeding expectations, a significant stock market pullback is unlikely, causing minimal concern for investors.
Source: YAHOO
Reported 10 months ago
Delta Electronics (1309) saw a boost in May performance, with the stock price rising to 16.7 yuan on June 20th due to specific low bid orders entering, hitting the limit up at the end of the session with trading volume surging to 6,248 shares, including foreign net buying of 1,621 shares and proprietary traders adding 11 shares. The stock price broke through the pressure at 15.2 yuan, showing strength in both long and short positions, above various short-term moving averages, setting up to challenge the yearly high at 16.92 yuan. Revenue for the first five months increased by 16.48%. Actively expanding into new markets, ABS developed markets in India, Egypt, and Southeast Asia last year, with China's sales share dropping to 23%; GPS developed markets in Central and South America, Africa, and the Middle East, with last year's China share dropping to 11%. ABS's China share in the first quarter of this year was 17%, while GPS's was 16%.
Source: YAHOO
Reported 10 months ago
A fire broke out at Taiwan Micron's Plant 1 (Houli Plant) on June 20, 2024, with gas leakage and white smoke reported, but was quickly extinguished by on-site personnel before the fire department arrived, and no injuries were reported. The cause of the fire is yet to be determined, with Micron yet to provide an official response until 9:30 PM. The impact of the fire on DRAM prices remains uncertain, as current spot prices are stable, albeit different from contract prices due to slow end-demand recovery. Micron, accounting for 19.2% of the global DRAM market alongside Samsung and SK Hynix, remains a key player in the industry, with ongoing advancements in memory technologies and successful product developments like the HBM3E expected to boost market share. Analysts anticipate positive financial results for Micron's upcoming earnings announcement on June 26, 2024, considering the overall shortage in memory supply in 2024 and 2025 due to a lack of new investments in smart device permanent storage capacities.
Source: YAHOO
Reported 10 months ago
In Taipei on June 20, 2024, at 4:10 PM, various government agencies worked together to launch a financial account early warning mechanism and successfully blocked thousands of suspicious scheduled transfers in April. The gray list mechanism proved effective, with 19.38% of questionable transfers being stopped. This collaborative effort aims to detect and prevent fraud, with measures including setting up a gray list notification platform for financial institutions and enhancing risk management in online banking and scheduled transfers.
Source: YAHOO
Reported 10 months ago
Taipei report by Sun Binxun on June 20, 2024, at 4:10 PM. The previous housing loan "benchmark rate" of the Shin Genting housing loan will start its selection process in the second half of the year for the new fiscal year. Various government-owned and private banks are actively evaluating whether to participate in the bidding, attracted by the low default rate and specific target group of the Nest Advantage Loans which do not fuel speculation. By providing these loans, banks aim to increase customer loyalty and offer related housing loans to public servants even if they do not win the bid. The Nest Advantage Loans, organized by the Directorate-General of Personnel Administration, target employees within central and local agencies, public schools, and publicly-owned enterprises. The banks believe these borrowers are good clients due to their stable income, clear repayment sources, and fast repayment speed. The participating banks from 2022 to 2024 are Bank of Taiwan and CTBC Bank.
Source: YAHOO
Reported 10 months ago
Provided by MegaBank Futures Consultancy Department's futures analyst Xie You-cheng, with Chen Yu-guang's compilation on June 20, 2024, at 4:10 PM, consumer spending has significantly slowed down, increasing the chances of further rate cuts by the Federal Reserve. This Friday marks the settlement day for US stock index futures, with high probabilities of bullish settlements for S&P 500 and Nasdaq index futures besides Dow Jones index futures. For gold futures, weaker-than-expected US retail sales data has strengthened hopes of a Fed rate cut this year, leading to a decrease in the US dollar and bond yields. Traders currently predict a 67% chance of a rate cut by the Fed in September according to CME Fed Watch Tool data. With the opportunity cost of holding gold lowered by rate cuts, the gold price, after reaching a historical high of $2,449.89 per ounce on May 20, has since dropped by 6%. The suspension of gold purchases by the People's Bank of China in May has been a key factor affecting gold demand. Gold prices have been consolidating technically in recent days, with a turning point near $2,357. As for oil prices, boosted by optimistic global crude oil demand outlook, oil futures have risen for several days, offsetting worries about escalating conflicts and a sudden increase in US crude oil inventories. Technically, oil prices have risen to a near seven-week high, with short-term support at $79.3.
Source: YAHOO
Reported 10 months ago
Kangshu Chairman Xu Jie-li revealed that the 'AI-related power solutions' developed in collaboration with OmniOn Power under Kangshu are expected to be certified by the end of this year and will ramp up next year. Amid seizing AI market opportunities, Xu emphasized the certification of the new AI product by the end of this year. He reiterated the company's five-year plan to double group revenue by 2028 compared to 2023. Kangshu's integration with OmniOn Power has begun since the acquisition in July last year, with comprehensive collaboration in procurement, business, R&D, and manufacturing. The 'AI-related power solutions' exhibited in COMPUTEX this year are anticipated to be certified by the end of this year and scaled up next year, focusing on high-end AI PC, AI NB, and other consumer electronics.
Source: YAHOO
Reported 10 months ago
During the shareholder meeting on June 20th, 2024, VIA Technologies' Chairman Chen Wen-chi emphasized the importance of artificial intelligence (AI) as a crucial tool and highlighted their efforts in various AI applications, particularly in the field of specialized vehicles where their technologies lead the market. With the traditional peak season approaching in the electronics industry, VIA expects positive development in their operations in the second half of the year. VIA's revenue and profits are segmented into four major areas, including smart product business division, CPU department, investment subsidiaries VIA EPIA Electronics, and contributions from VIHSE. Looking ahead, VIA plans to expand market coverage with the launch of Mobile360 M820 Plus for large vehicle safety systems and Mobile360 SE for commercial vehicle safety systems, anticipating increased demand for intelligent in-vehicle solutions from 2024 onwards.
Source: YAHOO
Reported 10 months ago
Weiqiaoyi/Taipei Report June 20, 2024, 4:10 PM US 10-year Treasury bond yields rose, putting pressure on fixed-income assets, causing recent fluctuations in the preferred stock index. Analysts suggest that with a contraction in overall preferred stock net supply and strong market demand, preferred stock prices are likely to be supported. Fund manager insights indicate that as interest rates remain low and market consensus leans towards Fed rate cuts, the future outlook for preferred stock prices is optimistic, with room for growth. Recommended sectors include large commercial banks, insurance companies, high cash flow visibility utilities, and communication service companies. Managers believe that as Fed monetary tightening nears its end, mid to long-term funds are expected to flow back into preferred stock markets, showing promising performance.
Source: YAHOO
Reported 10 months ago
Taiwan Fertilizer Company held a grand opening ceremony for the 'Forward-looking Business Research Center' at its Miaoli plant on June 19th, 2024. With over 200 guests in attendance, including Chairman Li Sunrong and key domestic and international figures, the center will focus on three main areas: constructing clean energy businesses, developing environmentally friendly fertilizers, and promoting high-end chemicals for semiconductors. Chairman Li Sunrong emphasized the company's commitment to supporting the government's green energy policies, particularly in exploring ammonia as a clean energy source. With expertise in soil and water quality, he aims to turn Taiwan Fertilizer into a provider of clean energy and environmentally friendly fertilizers, aligning with the company's vision of 'loving the land, loving the earth, loving happiness'. In addition, the company's support for the semiconductor industry's low-carbon supply chain by providing low-carbon ammonia demonstrates its dedication to sustainability and collaboration in the high-tech sector.
Source: YAHOO
Reported 10 months ago
Huang Yen-hung on June 20, 2024, at 4:10 PM advises retail investors with limited funds to not obsessively follow daily market trends but rather maintain a bit of distance to capture long-term interest and capital gains. Despite predictions of market highs falling below 20,000 points, the Taiwan Stock Exchange surpassed 23,000 points due to professionals being too immersed in the market. It's recommended for investors to stay objective, choose investments wisely, and avoid getting too close to the market to build wealth over time amidst market fluctuations.
Source: YAHOO
Reported 10 months ago
Advanced Optoelectronics (3362) is expected to see a boost in performance in the second half of the year with the mass shipment of new high-end tablet lenses in August. The Chairman, Gao Weiya, anticipates that the company's revenue and profits for the year have the potential to reach new highs, driven by growth in the PC and NB sectors, as well as increased orders for high-end tablet lenses and new customers for its subsidiary, KaYa Optoelectronics.
Source: YAHOO
Reported 10 months ago
Recent surging orders in the semiconductor industry indicate a genuine AI trend, with fierce competition for talent to drive rapid business growth. While AI stock prices soar, financial analysts worry that company performance may not keep pace and could face downward pressure. The high cost of AI infrastructure, such as NVIDIA's servers priced at millions of dollars, signals consolidation among tech giants and advantages for established companies in the field. The second half of the year holds continued trends favoring major tech players, like Nvidia's B-series chips ramping up production, benefiting partners like TSMC. As AI growth continues, more products and applications will emerge, with Taiwan playing a crucial role in the global AI supply chain. The market outlook remains positive with Apple's AI features boosting iPhone demand, driving tech stock appreciation, and potential rate cuts by the Federal Reserve launching an anticipated rally in US tech stocks. Taiwan is viewed as a critical region for AI industry development, offering comprehensive solutions and attractive investment opportunities due to its solid position in the semiconductor industry and the global AI supply chain.
Source: YAHOO
Reported 10 months ago
SOGO百货即将推出新的联名信用卡，预计对信用卡消费额将有显著增长，多家国内银行竞相争夺发卡权。其中，国银们除了面临卡片发行问题外，还需评估合同诉讼和市场竞争，遠東商銀也在推动類似联名卡以便分食市场。过去SOGO的联名卡曾因合同纠纷而终止，而目前可能构建新的联名卡利益体系。
Source: YAHOO
Reported 10 months ago
In order to prevent Taiwan's high-tech products from being used for military purposes in Russia, Taiwan's Ministry of Economic Affairs has been expanding and revising export controls on goods to Russia and Belarus since 2023. Recently, nitrocellulose has been added to the list of controlled items, effective from June 14. Companies need to apply for export permits for strategic high-tech items and must not export to Russia or Belarus without approval. Failure to comply may result in penalties. This measure aims to prevent the misuse of Taiwan's high-tech goods for military weaponry production in Russia and Belarus.
Source: YAHOO
Reported 10 months ago
On June 18, 2024, National Taiwan Ocean University held the unveiling ceremony of the Mulan Marine and Maritime Education Building. Dr. Zhao Xicheng, honorary doctor of NTOU and founder of the U.S. Famao Group, along with the first Asian-American female cabinet member in the U.S., Dr. Elaine Chao, unveiled the emotional building in Keelung. The new building aims to provide students with a better learning and living environment to cultivate more international maritime talents. Despite cost escalation during the construction process, Dr. Zhao Xicheng generously donated $1 million through the Zhao Zhu Mulan Foundation, helping realize the building's construction. The Mulan Building not only stands as a physical structure but also symbolizes inspiration for future NTOU students.
Source: YAHOO
Reported 10 months ago
Wu Jingfang, a lawyer from Chuang Tuo International Law Firm, discussed the implementation of the Carbon Border Adjustment Mechanism (CBAM) by the EU as a crucial part of achieving climate goals in the EU Green Deal. CBAM aims to address carbon leakage by gradually expanding to cover various industries, impacting Taiwan's export-oriented businesses. The two-stage process of CBAM, including reporting obligations and carbon pricing, requires immediate action from affected businesses to calculate and verify carbon content and comply with CBAM requirements. With the global focus on carbon leakage, countries are implementing similar carbon border control measures, emphasizing the need for effective carbon asset management to enhance businesses' adaptability to climate policy changes and maintain competitiveness in the green and sustainable economy.
Source: YAHOO