Reported 7 months ago
Atlantic Beverages (1213), the food factory producing 'Apple Soda' led by Chairwoman Su Yun-le, adjourned its annual shareholders' meeting for director election on June 14th due to a low attendance rate of 0.49%. The company plans to convene the meeting at a later date. Su mentioned a full resumption of production lines since June, actively stocking products through various channels, with no plans for delisting and past salary disputes resolved. However, the company's financial reports have faced audit concerns, and even the annual shareholders' meeting was adjourned due to low attendance. In the first quarter of this year, Atlantic Beverages reported a consolidated revenue of 33.48 million, with a net loss of 24.547 million and an operational weakness. Additionally, there are reports on solar and offshore wind energy delays and challenges ahead for the global economy.
Source: YAHOO
Reported 7 months ago
Written by Xu Junyang on June 14, 2024, at 4:10 PM. Artist Chen Yuting returned to Taiwan in May this year and was invited to participate in the '2024 Taipei New Art Expo,' showcasing representative works that reflect her unique personal style. Chen Yuting's artistic language and unique charm illuminated the art extravaganza of the Taipei New Art Expo, where she freely expressed creativity on canvas with elements of experimentation, interweaving the charm of Eastern ink painting and contemporary art. Unfettered by conventions, Chen Yuting's natural and unrestrained painting style outside of the realms of meticulous brushwork and hyperrealism, embodies an endless source of inspiration in her creative concepts.
Source: YAHOO
Reported 7 months ago
After 20 years of development, Taoyuan's art and culture district has become one of the premier areas in Taoyuan. With limited new construction due to surrounding land being mostly developed, the upcoming opening of the Green Line MRT and the addition of the Jing Station Department Store, combined with Taoyuan being a 'price dip area' compared to Taipei and New Taipei City, continue to attract local and first-time homebuyers from the northern regions. The area's high population density and convenient transportation, along with reasonable property prices, contribute to quick turnovers and stable prices. Prospective buyers are mainly interested in 10- to 20-year-old elevator buildings with two or three bedrooms, ranging from around 10 to 18 million NTD, making the art and culture district an increasingly popular choice for those looking to establish roots outside of Taipei City.
Source: YAHOO
Reported 7 months ago
The People's Bank of China revealed its latest financial data on June 14, reporting a total of RMB 11.14 trillion in new loans for the first five months of the year, with RMB 948.8 billion added in May, representing a 30% increase from April but falling short of market expectations. Analysts indicated that amidst the context of local government debt and risk handling in small financial institutions, the May loan additions were not considered low. By the end of May, the broad money supply (M2) grew by 7%, marking a slight decrease from April, while M1 contracted by 4.2% year-on-year, expanding from April's 1.4% decline. Overall, China's social financing scale reached RMB 391.93 trillion by the end of May, growing by 8.4% annually, with an increase of RMB 2.06 trillion in May alone. Experts noted that the growth rate of social financing in May remained significantly higher than nominal economic growth, showing stable financial support to the real economy.
Source: YAHOO
Reported 7 months ago
Benefiting from positive outlook on Apple's AI strategy, leading to increased sales and service growth, Apple's stock price has surged for three consecutive days, resulting in a 3-day increase of 11% and adding $323.9 billion to its market value. With a closing market value surpassing Microsoft, Apple reclaimed the top spot in global market capitalization since January, overtaking both Microsoft and NVIDIA. Despite this, Apple's stock has risen by 11% this year, lower than the Nasdaq 100 index's 16% increase, while competitors like Microsoft, Amazon, Alphabet, and Meta have outperformed in the AI sector. Apple's collaboration with OpenAI to introduce ChatGPT to Siri at WWDC marks a significant step in its entry into the generative AI field, with analysts optimistic that Apple's AI strategy will drive iPhone sales and service growth in the coming years.
Source: YAHOO
Reported 7 months ago
According to IDC, the global research team for professional contract manufacturing and display industry analysis, the shipments of TV panels and monitor panels in the first and second half of the year are slightly imbalanced due to brand factories pulling in shipments earlier than usual, with an estimated 51:49 ratio of shipments for the first and second half of the year. The latest report shows a decline in the monthly shipment volumes for various large-size panels in April 2024, attributing it to the spiraling increase in panel prices since February, prompting downstream panel procurement customers to adopt a 'Pull-in Strategy.' This resulted in a surge of demand in the first half of the year, leading to the highest average utilization rate for large panels in the second quarter seen in the last nine quarters. As procurement concerns about rising prices prompted early demand in the second quarter, it is predicted that the third quarter will see a slight adjustment in utilization rates to maintain panel prices and achieve profitable goals for 2024. Expectations point to a slight growth in shipments of various large panels this year, with panel manufacturers strictly controlling production pace to stabilize prices for applications in the third quarter.
Source: YAHOO
Reported 7 months ago
The 'Rock Carnival at Lihpao Circuit' will be held at Lihpao International Circuit from August 10th to 11th, featuring Taiwan's only racetrack-themed music event. Early bird tickets are available for purchase since June 14th, offering fans the chance to experience a new large-scale music event in Taichung combining music and racing. The lineup includes popular bands like Fire EX and various rock and pop groups, with performances on dual stages over two days. Tickets start from 999 NTD for a single day and 1,399 NTD for both days, with accommodation packages also offered for a convenient and enjoyable experience.
Source: YAHOO
Reported 7 months ago
During the shareholders' meetings of Taishin Financial Holding and Shin Kong Financial Holding on June 14, 2024, there were discussions regarding former Shin Kong Financial Holding Chairman Wu Dongjin's search by the authorities. Taishin Financial Holding Chairman Wu Dongliang expressed regret for the situation but refrained from commenting, highlighting that he would provide care and necessary support as a family member. Meanwhile, current Shin Kong Financial Holding Chairman Chen Huaizhou apologized to shareholders for the stock price remaining below 10 yuan and reported the company's significant progress in terms of profits and share price over the past year.
Source: YAHOO
Reported 7 months ago
The EU announced a temporary anti-subsidy tariff of up to 38.1% on Chinese electric cars, with Fitch Ratings warning that this could increase competition in the Chinese auto market. Most car manufacturers are promoting pure electric cars to consumers rather than hybrid vehicles, posing challenges for fossil fuel-based car companies. Fitch predicts a risk of market share loss for Chinese and overseas auto manufacturers of internal combustion engine vehicles, and expects Chinese electric car makers to diversify production and invest in alternative markets to adapt to higher global tariffs. By raising tariffs, the EU may inadvertently test Chinese brands' ability to navigate trade barriers, with BYD's major export markets being Brazil, Thailand, Israel, Australia, and Malaysia. Recent data from the China Association of Automobile Manufacturers shows a slight increase in May's production and sales of both traditional and new energy vehicles, with the latter achieving a market share of 39.5%.
Source: YAHOO
Reported 7 months ago
The fourth Nantou Chocolate Coffee Festival theme, '投號玩咖LET’S PLAY,' opened grandly at the Fuxing Hot Spring Resort in Puli, Nantou, led by Deputy County Magistrate Wang Rui-de. The event features a 9-day carnival spanning the Dragon Boat Festival weekend until June 16th, showcasing over 120 locally certified coffee and award-winning chocolates alongside local delicacies. Activities include coffee roasting, performances by notable artists, free coffee brewing, chocolate-making workshops, and more. For details and registration, visit the event's official website.
Source: YAHOO
Reported 7 months ago
Due to better-than-expected inventory digestion, Yageo's performance in the first two months of the second quarter is ahead, leading analysts to expect that the company's operating outlook for the season may be revised upwards to a high single-digit percentage increase, aiming to earn over 11 yuan for four consecutive quarters. The company will go ex-dividend on the 27th, with an estimated total dividend amount of up to 8.385 billion NTD, and the stock price is expected to approach the 700 NTD mark before the ex-dividend date, reaching a new high since the COVID-19 pandemic. Yageo's revenue in May reached a historical record of 10.716 billion NTD, signaling a potential peak season in the industry this year.
Source: YAHOO
Reported 7 months ago
At the annual general meeting on June 14, 2024, the Taiwan Stock Exchange approved a dividend of 4.6 NTD per share, including 3.1 NTD in cash dividend and 1.5 NTD in stock dividend, marking the third highest in history. The chairman emphasized the continued effort to strengthen the market value of Taiwan stocks, with the market reaching a historic high of 71.78 trillion NTD on the same day. Looking ahead, despite global economic challenges, Taiwan stocks have been performing well, reaching milestones in market value and trading volume.
Source: YAHOO
Reported 7 months ago
On June 14, 2024, at 4:10 pm, Wanfang International Art adheres to the five principles of innovation, collaboration, professionalism, persistence, and passion as the key values for the company's establishment. According to Luo Juren, innovation is the soul with the company continuously exploring the latest technologies and art forms to maintain a leading position in the industry. Collaboration is seen as the company's strength, wherein each member is indispensable to collectively drive the company forward. Professionalism is the cornerstone, striving for excellence in every aspect to ensure high-quality exhibition activities, followed by persistence in never giving up despite challenges, and finally returning to the creative drive, as passion fuels every creation. Luo Juren believes that only by truly loving what one does can this passion be conveyed to the audience and eventually allow art to change the world.
Source: YAHOO
Reported 7 months ago
Far Eastern SOGO department store announced a generous dividend of NT$2.3 at the shareholders' meeting on June 14, 2024, representing an increase of over NT$1 from the previous year. With the successful trial operation of the Far Eastern City in Chongqing, China, and the upcoming official opening on October 1st, along with new dining options at Taipei's Garden city giant egg, SOGO aims for a conservative revenue profit target this year. However, Chairman Huang said that with the addition of the new giant egg point, she predicts that by 2026, the four stores in Taipei will achieve a combined revenue of NT$50 billion, making SOGO the largest in the Taipei department store industry. Huang emphasized the importance of customer retention and continuous improvement in sales strategies and cost management to increase business revenue and profitability.
Source: YAHOO
Reported 7 months ago
Major banks in Taiwan revealed that credit card spending in May is expected to approach 260 billion NT dollars, with five top issuing banks including CTBC, Cathay, E.SUN, Fubon, and Taishin potentially reaching nearly 2,600 billion NT dollars. The total credit card spending is projected to surpass 370 billion NT dollars, setting a new high for May, leading the nation towards utilizing non-cash payment methods as the primary choice. The surge in spending is attributed to Mother's Day promotions and early tax refunds, with CTBC leading in credit card usage driven by travel, dining out for Mother's Day, and shopping.
Source: YAHOO
Reported 7 months ago
In order to drive the next wave of AI innovation, Western Digital has introduced an AI Data Lifecycle Architecture consisting of six stages, defining the optimal storage combinations for large-scale AI workloads. This framework aims to assist businesses in planning and developing advanced storage infrastructure to maximize AI investments, improve efficiency, and reduce the total cost of ownership (TCO) for AI workflows. By strategically adjusting flash memory and HDD products based on the storage requirements of each key stage in the data lifecycle, Western Digital has launched several products catering to economic large-scale storage solutions, such as high-performance PCIe Gen5 SSDs, high-capacity 64TB SSDs, and the world’s highest-capacity ePMR, UltraSMR 32TB HDDs.
Source: YAHOO
Reported 7 months ago
台灣氣動釘槍廠力肯（1570）在2024年6月14日股東會中通過每股配發現金股利1元，並計畫辦理現金增資或私募方式，全面改選四席董事及三席獨立董事。公司派持股優勢下，擁有兩席董事及三席獨董，預定24日召開董事會推舉董事長，現任董事長溫銘漢有望連任。力肯對今年營運持審慎樂觀態度，市場派則爭取兩席董事。力肯股東會無其他爭議，氣氛平順。
Source: YAHOO
Reported 7 months ago
The Chinese International Gadabawa Buddhist Association will be hosting the 8th Gadabawa Cultural Festival and the Cross-Strait Art Exhibition in Taipei from September 28 to October 6, inviting nearly 30 co-organizers and supporters. The event, led by the eminent Guru Huijixiang, aims to promote cultural exchange and harmony through art, with over 500 people attending the opening ceremony. Renowned artists from Taiwan and mainland China will showcase their works, aiming to spread traditional Chinese culture and values through art, promote positive social progress, and uplift society with enriching artistic experiences.
Source: YAHOO
Reported 7 months ago
During the mega annual shareholders' meeting of financial holding companies in Taiwan, it was observed that the economy and business climate are expected to improve in the second half of 2024. However, the delay in inflation and interest rate cuts in the US presents a major challenge for the financial industry's operations. High interest rates are anticipated to continue, affecting bank revenue stability but posing hedging costs for life insurance. Global uncertainties, fluctuating major economies' monetary policies, and market volatility are expected to impact financial market stability, with companies preparing to enhance profitability despite the challenges.
Source: YAHOO
Reported 7 months ago
Taipei, June 14, 2024, 4:10 PM: SmartSens (4551) reported an EPS of 4.47 last year with a shareholder meeting passing a cash dividend of 2.5 per share on the 14th. The worst operational conditions for SmartSens are over as momentum in their automotive, medical, electronic, and sports businesses is at full throttle. They are expanding into key components for new energy vehicles like electric cars, hybrid cars, and hydrogen-powered cars with increasing production, aiming for better performance in the second half of the year. SmartSens has optimized order structures, enhanced production efficiency, and focused on innovative development of high-value and high-margin components, indicating a growth in their automotive product line's overall shipments for the year.
Source: YAHOO
Reported 7 months ago
On June 14, 2024, the Kaohsiung City Land Administration Bureau announced the sale of 12 land parcels from the second quarter development areas, with a total reserve price exceeding 2.95 billion NT dollars. Real estate experts are optimistic as many of the lands are located in prime areas such as Zhongdu Rezoning Area, around Xiongzhong, and Kaohsiung University. With recent aggressive land purchases by developers in the south, it is believed that achieving high sale rates for these lands should not be difficult. The auction will take place on June 26, following a previous delay due to a request from the Ministry of the Interior to increase social housing land supply.
Source: YAHOO
Reported 7 months ago
Formosa Plastics held its shareholders' meeting on June 14, with Chairman Chen Bao-lang presiding over the election of directors and supervisors. Chen will transition to the role of senior advisor, with Cao Ming taking over as chairman. Looking ahead, Chen stated that despite challenges like the Russia-Ukraine conflict and inflation, the company expects stable operations as global economic recovery continues. Formosa Plastics aims for business upgrades and transformation in areas such as digitalization, AI applications, clean energy, and carbon reduction, with notable progress already seen at its Mailiao plant. The company's sales targets for 2022 include gasoline sales of 5,169 thousand kiloliters and diesel sales of 10,261 thousand kiloliters. In response to carbon reduction initiatives, Formosa Plastics plans to replace coal with natural gas for power generation to reduce emissions. AI technologies have already been utilized to enhance production efficiency and value. The outlook for the latter half of the year looks positive, with stable oil prices expected. Despite market uncertainties, positive factors like the tourism peak season and potential interest rate cuts in the US could drive oil demand.
Source: YAHOO
Reported 7 months ago
Chairman Jonney Shih and his daughter Ailin Shih participated in ASUS' shareholder meeting on June 14, 2024, where Chairman Shih expressed that ASUS, after transitioning from motherboard and laptop businesses, is now prepared for the AI era with full conditions in place. Co-CEO Kent Chien revealed plans for a large-scale AI server production base in Mexico and emphasized ASUS' ability to secure orders from top cloud service providers. The company's turtle-like approach to AI server business has begun shipping in the first and second quarters with continued demands in the third, aiming for new contributions next year. The completion of a large factory in Mexico will support this endeavor. Chairman Shih's daughter, Ailin, also attended the meeting as a board member, showcasing a strong father-daughter bond.
Source: YAHOO
Reported 7 months ago
The Directorate-General of Budget, Accounting and Statistics announced that the average monthly salary of all employees in Taiwan is 46,000 NTD, which could reach up to 63,000 NTD with bonuses and overtime included, causing criticism among legislators. Executive Yuan's Premier Su Tseng-chang stated on June 14 that efforts will be made to raise salaries in all industries and proposed using median salary calculation to be more representative. Additionally, 104 Job Bank reported a severe talent shortage in Taiwan, urging employers to focus on employer branding and invest in making Taiwan a sustainable talent base amidst rising demand for recruitment and declining job seekers. The Ministry of Economic Affairs emphasized the need for AI talent and promised to support industries through relevant training programs.
Source: YAHOO
Reported 7 months ago
As summer brings electricity shortages and concerns from foreign media, Taiwan's electrical and cable stocks are on the rise again, supported by initiatives such as Taiwan Power Company's resilient power grid project. With the launch of the US trillion-dollar infrastructure plan, leading electrical stocks like Hua Cheng (1519), Century Electric (1503), AsiaLink Technology (1514), and China Electric (1513) all surged to their daily limit on June 14. This resurgence comes after a period of stagnation in April and May 2024, with optimism fueled by electricity shortages during the summer, foreign concerns about power shortages, and reports of US invitations for electrical stocks to establish factories locally. Electric related stocks including Yang Hua and Yonyou Electric also saw gains, while cable stocks benefited from the low period, with YITAIHE and HEGE Machinery surging. Analysts are particularly optimistic about Hua Cheng's future, expecting it to reach the 1,000 yuan per share mark should it hit the daily limit again on Monday (June 17).
Source: YAHOO