Reported 10 months ago
Taiwan's futures market rose by 439 points on June 19, closing at 23,225 points with positive spreads in various sectors. Foreign investors reduced their net short positions by 1,342 contracts to 11,596 contracts, while specific institutional investors decreased their net short positions by 7,425 contracts. Options open interest saw changes with a bearish bias and the overall market remained bullish with strong performances from electronic stocks like TSMC, UMC, and others contributing significantly to the index rise.
Source: YAHOO
Reported 10 months ago
The U.S. Federal Reserve decided to maintain interest rates in June 19, 2024, indicating a strong economy, with expectations that Chair Powell will set a lower threshold for starting interest rate cuts if inflation further slows down. This could boost the performance of risk assets like stocks and credit bonds. Global central banks, including the ECB and Bank of Canada, are expected to lead the way in cutting interest rates ahead of the Fed, spurring investment in high-yield bonds. With improved overall tech bond yields, narrowing credit spreads, and positive economic and industry fundamentals, non-investment grade bonds are supported. It's suggested to focus on B-BB rated companies with strong quarterly financials and optimistic future outlooks in industries like computers, semiconductors, fintech, and antivirus software. Market conditions indicate reduced attractiveness of U.S. credit bonds due to rising interest rate risks, while European and global bonds are becoming more appealing. In this context, it's recommended to maintain a mid-term duration amid delayed Fed rate cuts expectations. Priority asset-backed non-investment grade bonds are favored against default risks, especially during market volatility. The outlook is positive for raw materials, automotive, energy, and leisure industries. Fund managers suggest that subdued inflation and rising rate cut expectations favor bond investments, with all credit ratings expected to benefit. Historical trends show that about six months before rate cuts, market rates tend to trend downward, presenting a good opportunity to enter the market while yields are relatively high. With a focus on mid-range to high-rated investment and non-investment grade bonds, the ability to take on credit risk and choose ratings with favorable spreads can enhance return potential and investment efficiency.
Source: YAHOO
Reported 10 months ago
On June 19, 2024, in the securities news center at 4:10 PM: Shareholders' meetings for companies like Formosa Plastics, Uni-President, Zhonghuan Semiconductor, Lungteh Shipbuilding, Goliath, and Silergy, ex-dividend and ex-rights for companies like Yulon Motor, Acer, Sheraton, AUO Photonics, and Wah Lee, and analyst meetings for various companies were highlighted. The report also mentions specific stocks to watch, stocks to dispose, changes in financing ratios for certain companies, and updates on the electronics industry with news about iPhone assembly and expanded production by Liantai, predictions of decreased TV panel shipments by 3% next year, and the impact of the strong US economy on the global economy.
Source: YAHOO
Reported 10 months ago
Due to the turbulent European political situation affecting the luxury goods market, Italian fashion brand Golden Goose announced on June 18th that it would delay its IPO in Milan. This decision was attributed to the European Parliament elections and early elections in France, leading to a 'clear deterioration' of market conditions. Golden Goose, known for its 'dirty sneakers' worn by celebrities like Taylor Swift, Gong Yoo, Song Joong Ki, Jolin Tsai, and Yang Mi, had planned to go public on the 21st with a share price set at €9.75, at the lower end of its target range of €9.50 to €10.50, aiming for a valuation of €1.86 billion. The company's shareholder, private equity firm Permira, planned to sell 30% of its stake for up to €558 million, including Invesco's agreed investment of €100 million. Golden Goose expressed that current market conditions, influenced by the European elections and early French elections, were not suitable for the IPO and stated that they would reassess the timing in the future.
Source: YAHOO
Reported 10 months ago
TOYOTA於澎湖市成立了第一個全台離島的原廠據點，提供車主全方位的汽車服務。和泰車強調持續拓展服務據點，以提供更優質的原廠服務給TOYOTA車主。
Source: YAHOO
Reported 10 months ago
Rumors of financial fraud among some listed Chinese companies have been widespread, with light and symbolic penalties imposed. Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized that criminal accountability is underway in these cases and some individuals will face imprisonment. Wu Qing outlined eight measures, including protecting investors and launching reforms to support technological innovation and productivity. The case of Fangzheng Electric, which falsified financial reports for five consecutive years, received criticism for insufficient penalties, such as a fine of 6.1 million RMB. Wu Qing stressed the importance of investor protection, strict supervision, and maintaining market fairness. The China Securities Regulatory Commission introduced eight reform measures for the scientific innovation board to promote a healthy market environment and support Chinese companies listed abroad.
Source: YAHOO
Reported 10 months ago
In Taipei on June 19, 2024, the Taiwan Stock Exchange collaborates with Ernst & Young to facilitate the sustainable development of innovative enterprises. They hold the 'Innovation x Sustainability Innovative Enterprise Matchmaking Session' with the first successful event occurring in May. The upcoming event on the 19th aims to provide a platform for innovative companies and investment institutions to accelerate business opportunities and resources. The event features 10 innovative enterprises spanning areas such as intelligent and sustainable applications, with a focus on building partnerships for further cooperation and growth.
Source: YAHOO
Reported 10 months ago
Quanta's stock price closed at 316 yuan, reaching a new high not seen since August 26, 1999. With a market value of 1.22 trillion yuan, Quanta jumped to the fourth rank on the Taiwan Stock Exchange, following only TSMC, Hon Hai, and MediaTek. Chairman Lin Baili's optimism about the future of AI has boosted investor confidence, as the company anticipates a strong performance in the second half of the year with AI servers accounting for over 60% of revenue. Additionally, Quanta's continued expansion in the server market, particularly with the NVIDIA GB200 server, is expected to drive further growth.
Source: YAHOO
Reported 10 months ago
Hanxing disclosed at a financial conference that their high education aircraft, the 'Yongying,' has entered peak production this year. The Ministry of National Defense has allocated a five-year contract for maintenance and logistics support for the 'Yongying' aircraft, with a total amount exceeding 16.2 billion NTD. Hanxing has signed an aircraft maintenance and repair outsourcing contract with the Ministry of National Defense, worth over 4 billion NTD, to secure future operations. Additionally, Hanxing achieved a record-breaking quarterly revenue in the first quarter and saw growth in profits. Their defense sector remains the main revenue contributor, while civil aviation business has shown growth due to the international travel recovery. Hanxing is focusing on profit-making products and advancing composite material technology for future aircraft development opportunities.
Source: YAHOO
Reported 10 months ago
Sinphonic Optoelectronics, the creator of Oke good sound assistive hearing aids, has launched a new upgraded version with Bluetooth and noise reduction features, catering to the real needs of users who are hard of hearing. By enhancing Bluetooth and noise reduction functions, the latest generation of Oke good sound assistive hearing aids aims to provide a better listening experience and alleviate the inconvenience caused by unclear hearing or unsuitable assistive aids in daily life. Sinphonic Optoelectronics continues its efforts in creating the best solutions for Bluetooth and noise reduction issues with its detachable products, offering users a more enjoyable communication experience while attending events, concerts, or engaging in daily activities.
Source: YAHOO
Reported 10 months ago
During Ascentech's shareholders meeting, Chairman Chen Shu-Min announced that the low Earth orbit satellite business, which accounted for around 15% of revenue last year, is expected to exceed 40% by the end of the second quarter as planned. The company will expand production capacity in Southeast Asia to meet the growing demands in the satellite communication industry, utilizing tax incentives and aiming for better tax efficiency. With a strong order backlog, the company anticipates a revenue and profit growth this year, showing optimism for future expansion and performance improvement.
Source: YAHOO
Reported 10 months ago
Wei Qiaoyi, Wu Qilun/Taipei Report June 19, 2024, 4:10 PM Individual investors have transformed into new domestic investors, supporting the upward trend of the Taiwan Stock Market. Among the top ten Taiwan stock ETFs, eight have reached new record highs since listing. The performance of Taiwan stock funds and ETFs has been outstanding, with 19 funds outperforming the market by 26.92% since the beginning of the year, and 71 outperforming the market by 4.43% in the past week. Funds like Fuh Hwa Fuh Hwa and Cathay Site National Digital Age Fund have seen significant gains. These funds, along with ETFs, fueled by retail investors, have become new domestic investors supporting the continuous rise of the Taiwan Stock Market.
Source: YAHOO
Reported 10 months ago
A recent UN report highlighted the slow progress in carbon reduction globally and emphasized the need for increased energy efficiency and renewable energy capacity to meet the Paris Agreement goals. The completion of the world's first molten salt energy storage plant in Esbjerg, Denmark signifies a significant milestone in advancing long-duration energy storage technology. Funded by Denmark's EUDP program, the project aims to facilitate the storage of renewable energy and promote sustainable energy transition. The project is expected to fully commercialize by 2026, storing renewable energy in molten hydroxide salt at high temperatures to support various industrial processes and energy production while reducing carbon emissions.
Source: YAHOO
Reported 10 months ago
Taiwanese kitchen and bathroom appliance brand, Sakura, announced at their shareholder meeting that they will be launching an AI smart kitchen system, 'SAKURA AI KITCHEN', at the end of June 2024. This new system, incorporating features like AI range hoods, AI gas stoves, and AI smart kitchen cabinet systems, is expected to lead the market in innovation and customization. Leveraging their 45 years of experience and a user database of 7 million, Sakura aims to seize opportunities in new development projects and household replacements with their AI-integrated products. This move signifies Sakura's commitment to innovation and market leadership in the kitchen appliance industry.
Source: YAHOO
Reported 10 months ago
Google Taiwan recently held a press conference for the 'Google Cybersecurity Talent Development Program', partnering with National Taipei University of Technology's Industry-Academia Collaboration Office, the Institute for Information Industry, and other industry partners. The goal is to collaborate in cultivating 2,000 cybersecurity professionals by the end of 2025 to create a more secure and resilient digital environment in Taiwan. The initiative aims to bridge the gap between academia and industry, elevate students' professional skills, and enhance Taiwan's digital security infrastructure.
Source: YAHOO
Reported 10 months ago
Benefiting from the recovery of commercial PC demand, the first quarter of 2024 saw Taiwan's PC market shipments performing better than expected, with a total of 489,000 units according to IDC. Although there was a 2.9% year-on-year decrease, commercial PCs ended a five-quarter decline and began to grow annually by 2.1%, with commercial laptops showing growth for two consecutive quarters. IDC predicts a further 3.3% year-on-year decrease in PC shipments in the first half of 2024, but with the introduction of AI PCs in the second half, the market is expected to grow by 1.2% compared to the same period last year. Nevertheless, IDC expects a slight decline of 2.8% in desktop shipments and a growth of 0.8% in laptops for the entire year, lower than the earlier forecast of 1.9% growth, with an overall decrease of 1% year-on-year. Looking ahead, the increasing development of AI applications towards personal devices and the discontinuation of Windows 10 support by Microsoft in 2025, along with the accelerated adoption of AI applications, are expected to stimulate a replacement cycle in the market.
Source: YAHOO
Reported 10 months ago
As of 4:10 pm on June 19, 2024, Longyuan (5530) held 1,061 shares of TSMC. With TSMC's stock price hitting a new high on the 19th, investors expect Longyuan to benefit, attracting buying interest and closing at 53.5 yuan, a new short-term high with a 9.07% increase, pulling a long red K bar. The daily K value continues to cross the D value upwards, and the monthly line has been up for five consecutive months. Despite a nearly 41.8 billion yuan contractual liability and a 0.67% year-on-year revenue decline to 1.668 billion yuan in the first five months of this year, prospects are promising given the aging population trend.
Source: YAHOO
Reported 10 months ago
During their shareholder meeting on June 19, 2024, Nanya discussed the opportunities in electronic materials, anticipating strong business development in the second half of the year, especially with the resurgence of electronic demand driven by AI and semiconductor trends. With a focus on high-value electronic materials, Nanya is optimistic about growth as they transition towards advanced applications like AI servers, DDR5, and innovative materials for various sectors including healthcare and green products.
Source: YAHOO
Reported 10 months ago
During Nan Shan Life's shareholder meeting on June 19, 2024, Chairman Yen Chung-yao announced the completion of their new commercial office buildings in the Xinyi development area. By 2027, over 90,000 ping of premium commercial office space will be available for rent, potentially bringing an estimated stable rental income of about 5 billion NTD annually. Nan Shan Life's aggressive real estate investments in the Xinyi area indicate their rise as a major landlord and commercial office operator, surpassing competitors like Fubon Life. Despite rising interest rates affecting investment returns, Nan Shan Life plans to continue expanding its real estate portfolio with new properties, such as a chemical warehouse in Tainan.
Source: YAHOO
Reported 10 months ago
According to VASP Association, different countries have varying approaches to regulating virtual assets. VASP pointed out similarities between Taiwan and Japan's Virtual Currency Exchange Association (JVCEA), highlighting the possibility of learning from JVCEA's practices. The JVCEA, formed in response to hacking incidents in the past, now works closely with financial authorities in implementing clear regulatory measures. Japan's proactive regulation includes self-regulatory norms, government-established laws, and detailed guidelines, with about 10 million virtual asset accounts in Japan. Through JVCEA, industry standards and government compliance are achieved, covering areas such as insider trading, anti-money laundering, wallet regulations, and cybersecurity readiness.
Source: YAHOO
Reported 10 months ago
On June 19, 2024, at 4:10 PM, Chen Ruijue, the general manager of KGI Futures, will transfer to Chairman of Fubon Futures, with Fubon Financial Holding and Fubon Bank set to announce the news soon. In the securities industry, it is expected that KGI Futures' new general manager will be promoted internally, with Senior Vice President Wang Dunren likely to take over. Following Chen Ruijue's appointment, Fubon Securities' general manager, Guo Yongyi, will become solely responsible for securities business, and these two personnel changes are set to take effect from July. Chen Ruijue has been involved in the futures industry for nearly 30 years, holding various positions such as Chairman and General Manager of Sinopac Futures, Director of KGI Capital, and others. Throughout his almost 20-year tenure at KGI Futures, he successfully led the company towards growth and achieved a 20% market share in the options market, closely competing with Yuanta Futures.
Source: YAHOO
Reported 10 months ago
The Financial Supervisory Commission (FSC) is promoting Trust 2.0, which has shown positive results through active inter-agency communication. The Secretary-General of the Trust Association, Lu Hui-rong, pointed out that in the past, houses under 'trusts for the benefit of others' were not considered self-occupied residences, leading to higher tax rates. However, after efforts from the Trust Association and various sectors to communicate with the Ministry of Finance, the Ministry has recently issued a new directive allowing such trusts to be taxed at the self-occupancy tax rate for land and property taxes. This change aims to provide tax benefits for trust properties used to care for disabled family members or minors.
Source: YAHOO
Reported 10 months ago
Shen Meixing / Hsinchu reported on June 19, 2024, at 4:10 pm, Powerchip's General Manager Xie Hanzhang chaired the company's shareholders' meeting. Powerchip's heavy electrical business has started receiving orders for 2027, with an optimistic outlook until 2030, expecting better operational performance each quarter this year compared to the same period last year. The company anticipates a more than 20% increase in the heavy electrical business's performance this year, with a chance to achieve record-breaking revenue and profits for the full year. The company is actively developing AI and semiconductor equipment for AI servers and liquid cooling systems, aiming to contribute to revenue next year.
Source: YAHOO
Reported 10 months ago
Taiwan Fertilizer Co. unveiled its new business unit, the 'Forward-looking Business Research Center,' on June 19, 2024, at its plant in Miaoli. The center will serve as its platform for clean energy, focusing on three key areas: the development of clean energy products, eco-friendly fertilizers, and the promotion of high-end chemicals for semiconductors. The company plans to focus on promoting ammonia as a source of hydrogen energy with zero carbon emissions. Taiwan Fertilizer has already initiated collaborations with over ten companies in Taiwan, Europe, and Japan to form an international 'Ammonia Energy Alliance,' aiming for sustainable development across various industries.
Source: YAHOO
Reported 10 months ago
As the demand for AI computing power increases, cloud data center architectures are shifting, with traditional air cooling reaching its limits in handling high chip heat levels. Immersive liquid cooling has emerged as the future solution, with single-phase immersion cooling technology being mature and actively pursued by companies like Wiwynn and Gigabyte. The liquid cooling market is projected to reach $6.215 billion by 2025, with companies focusing on efficient cooling solutions to reduce energy consumption for high-performance servers.
Source: YAHOO