Reported 7 months ago
On June 13, 2024, Tesla CEO Elon Musk announced in advance that the company’s shareholders had passed two resolutions with a 'significant majority,' including Musk’s compensation plan and headquarters relocation to Texas, causing Tesla's stock price to open on the 13th with a gap up and a surge of over 6%. Even though the voting was not yet closed, Musk expressed gratitude for the support. Musk's compensation plan, initially approved in 2018 but later rejected by a Delaware judge in January due to perceived flaws, granting Musk about 303 million stock options, remains a focal point. The relocation to Texas requires majority shareholder support, with the board actively convincing investors by labeling Texas as Tesla's 'hometown'. Musk criticized Delaware's court system when the plan was first rejected, and has since relocated SpaceX to Texas as well, aiming for a Mars trip funded by the stock options. The ultimate outcome will depend on the last-minute votes from retail and institutional investors.
Source: YAHOO
Reported 7 months ago
To promote the recovery of Hualien after the earthquake, Taiwan Business Bank continues to care for its affected customers by holding a financing seminar titled '0403 Hualien Earthquake' in the region. The bank provided information on financing and assistance measures related to the earthquake, explained loan application precautions, and offered comprehensive information on earthquake-related financing on-site, resulting in enthusiastic customer feedback. The bank is offering various financial services to businesses affected by the earthquake, including special loans and credit guarantees, and provides assistance for individuals with housing damage, credit card loss, and debt deferment. Customers affected by natural disasters are advised to seek certification from local authorities and can consult with the bank both online and at its branches for financing or loan extension requests within a year of the disaster date, aiming to alleviate financial burdens effectively. Taiwan Business Bank, known as the country's only dedicated bank for small and medium-sized enterprises, aims to assist customers in post-disaster reconstruction through practical actions and providing tangible benefits to affected clients.
Source: YAHOO
Reported 7 months ago
Former chairman of New Life Insurance, Wu Dongjin, was questioned by the prosecutors on June 13, 2024, related to property transactions. With the upcoming New Kinpo Group shareholder meeting scheduled for the 14th, concerns over this scandal are expected to be a major focus. The vice chairman of New Kinpo Group and New Life Insurance, Hong Shiqi, sent an internal letter on June 13 to boost morale, emphasizing the company's commitment to reforms and values amid challenges. The stock prices of New Kinpo were impacted by the scandal, dropping by up to 4% on the 12th and further declining by 1.49% on the 13th. Foreign investors have been selling New Kinpo shares for three consecutive days, further adding pressure to the stock. Despite the challenges, Hong Shiqi encouraged employees to uphold the company's beliefs and strive for success, highlighting recent achievements in business performance.
Source: YAHOO
Reported 7 months ago
Taiwanese electric car brand MG launched its first electric car, the MG4, on June 13, 2024, with a starting price of less than one million. Priced competitively within the budget-friendly range, over 7,000 sets of consumers reserved test drives before the market launch, showing positive market outlook and prompting MG's parent company, NIO, to offer price reductions for its N7 model as well. The competition between these two locally produced electric vehicles signals a new era in the electric car market, with expectations of market disruption. MG4 offers two models with prices starting at 99.9 million for the EV flagship version. Anticipating strong demand, MG Taiwan expects to deliver 250 cars in July and at least 1,600 cars for the full year.
Source: YAHOO
Reported 7 months ago
Ruijie Electric held a shareholder meeting on June 13, 2024, announcing that due to an increase in demand from customers for upgrading and expanding a US-based telecom exchange project, the certification process has been extended, with shipments expected to start in the fourth quarter and a significant increase in volume next year. The company expects revenue distribution to be around 40-45:60-55 for the first and second half of this year. With new applications in the network security and SD-WAN product lines, Ruijie Electric is poised for increased contributions. The company also secured a six-year mega order in the US telecom exchange market last year, but due to higher specifications requested by the client, shipment timelines have been postponed to late this year, with a substantial volume expected next year, driving future performance growth.
Source: YAHOO
Reported 7 months ago
華碩電腦舉行股東常會，董事長施崇棠表示，AI是百年難得的機遇，華碩積極布局AI發展，加速跟上浪潮。施崇棠親率AI Core Team，拓展AI策略，擴大至不同領域。華碩在內部整合資源創新，強調軟硬結合增加附加價值，提供全方位AI產品服務。
Source: YAHOO
Reported 7 months ago
Written by Jiang Weilin on June 13, 2024, at 4:10 PM New Taipei's Sub-Central has established itself as the CBD commercial center in northern Taiwan, attracting major developers to compete for locations. Commercial office products have become the new battleground, igniting development. Various developers like Xinfu, Lippo, Yaxin, Sanfar Properties, Zhuchen, Xisheng, and Xinhao have invested in building commercial office buildings. Central Joy Construction has completed the landmark commercial office building 'Song TOWER,' featuring luxurious specifications such as a 'multi-functional living balcony,' unique to Taiwan's commercial offices. The building promotes ventilation, natural light, and ESG concepts, offering flexibility in planning for small to large enterprises. The building houses hotel-grade facilities, promoting employee well-being. With convenient transport networks and surrounding large industrial clusters, 'Song TOWER' is set to become the shining landmark in the Sub-Central area, offering new business opportunities and tax benefits for companies investing in commercial properties.
Source: YAHOO
Reported 7 months ago
2024年第一季DRAM產業合約價格上漲，推動全球營收逆勢成長5.1％至183.5億美元。三星、SK海力士、美光等三大原廠營收均呈季增；其中，中系手機銷售帶動mobile DRAM價格上漲，而consumer DRAM價格則受原廠庫存影響。TrendForce預估第二季DRAM合約價格將進一步上漲13％至18％。
Source: YAHOO
Reported 7 months ago
Taiwan's New Southbound Policy has shown significant results as the Ministry of Finance announced on June 13th that Taiwan's exports to ASEAN have increased by 41% over four years due to the reorganization and specialization of the electronics and information industries. In the first quarter, Taiwan's market share in ASEAN's import market jumped to 7.7%, moving from the fifth largest to the second largest. Taiwan has particularly seen remarkable export growth to Malaysia, Singapore, and Thailand, with cumulative increases of 61%, 64%, and 97% respectively over four years. The Ministry of Finance attributes this success to factors such as the application of artificial intelligence (AI) and the effects of supply chain transfers, with Taiwan's exports to ASEAN in the first five months of this year growing by 21.1% compared to the total export growth of 9.1%. ASEAN's large population, abundant natural resources, and cost advantages in labor have made it a favored investment destination for various countries, especially amid the global supply chain restructuring catalyzed by the US-China trade war. Taiwanese businesses have diversified their production bases into ASEAN countries to cater to American clients' demands, and with the close integration in industries like electronics and telecommunications, trade relations between Taiwan and ASEAN are deepening.
Source: YAHOO
Reported 7 months ago
Jerome Powell, the chairman of the Federal Reserve (Fed), stated in a post-decision press conference that while progress has been made in cooling off inflation in the United States, it still remains too high. Powell emphasized that Fed officials still lack confidence in a rate cut, but stressed that no one is considering a rate hike. Despite a larger-than-expected decrease in the May Consumer Price Index (CPI), Powell mentioned that the Fed remains not confident enough to initiate a rate cut, as inflation remains elevated. The Federal Open Market Committee (FOMC) members do not view a rate hike as a likely scenario, and the Fed need more evidence of inflation moving towards the 2% target before considering a rate cut, maintaining a restrictive monetary policy for now.
Source: YAHOO
Reported 7 months ago
The Taiwan Stock Exchange and GreTai Securities Market held the 10th Corporate Governance Evaluation Awards Ceremony at the Sheraton Hotel in Taipei on June 13, 2024, highlighting top-performing public companies. Taiwan ranked third in the 2023 Asian corporate governance assessment and has made significant progress in governance practices over the past decade, aiming to embed a culture of good governance in listed companies. The evaluation system guides companies toward adopting sound governance measures, provides investors with decision-making insights, and aligns with global sustainability trends, with plans to transition to ESG assessments by 2026. The event recognized both large and small companies excelling in governance efforts, fostering healthy competition and emphasizing the importance of governance improvements across the market.
Source: YAHOO
Reported 7 months ago
On June 15th and 16th, the presentation for the Hotel101-Niseko investment project in Hokkaido, Japan, jointly organized by Zupreme International Real Estate and Chung Hsun Real Estate Development, will take place at W Hotel Taipei. Recent data has shown a growing interest in Hokkaido real estate among Taiwanese investors, with even entrepreneur Li Ka-shing being involved. The area is popular for skiing and tourism, attracting millions of visitors annually. Hotel101-Niseko, located in the central area of Hirafu, offers transparent investment opportunities with guaranteed monthly rental returns for buyers, aiming to simplify the investment process.
Source: YAHOO
Reported 7 months ago
The real estate market is hot, with prime locations being highly sought after by consumers; the 'Double City Convergence' project, located near A2 MRT Sanchong Station and adjacent to the Ximending area, is currently in its final phase of sales. The most unique courtyard units in the entire development have been officially released, attracting significant interest. Offered by Yide Construction, the project boasts zero storefronts and high-quality residential planning, with features like a 4.2-meter high ceiling and a private 18-square-meter courtyard garden, embodying a modern elite lifestyle starting from NT$19.6 million. The developer aims to create an ideal living space where residents can fully realize their potential and embrace urban living.
Source: YAHOO
Reported 7 months ago
台中報導，電動巴士廠華德動能（2237）通過股票上市（櫃）案，計畫明年展開上市計畫。華德將在日本提供電巴設計及系統，並在日本九州地區投入60輛電巴，打算擴大至大東京地區。公司未來將專注於產品認證、營收、獲利及海外市場拓展，將以軟帶硬策略發展電巴業務。目前生產線已忙碌，計畫持續交車，並加強合作以擴大產量。董事長強調將以台灣、日本及美國作為主要市場，尤其重視美國市場補助金額高，未來將擴展至其他國家。
Source: YAHOO
Reported 7 months ago
燦坤與歐德傢俱集團合作開設首間WanDau策略合作門市「敦富店」，結合家具服務與3C家電賣場，提供一站式家居解決方案。透過門市整合，燦坤與歐德共同打造幸福家庭生態圈，包括了情境式選購環境、室內裝潢設計服務系統等，並在全台設立區域導客模式，為消費者提供最佳解決方案。該門市位於台中市北屯區，地理位置優越，符合燦坤與歐德的合作戰略，歡迎消費者前往選購。
Source: YAHOO
Reported 7 months ago
Benefiting from the delayed effect of 329 new project launches and increased confidence from developers, there was an explosive amount of new housing projects in northern Taiwan in May, reaching 150 billion NT dollars, setting a record for the busiest month in nearly a year. Additionally, buyer confidence remained strong, with some new projects selling close to their initial prices. The Feng Xiang Index released on June 13th once again showed the hottest yellow-red signal in 16 years, with an overall score of 53.4, surpassing the March score. The supply side saw a surge in May, with many new projects launched in April during the spring break rushing into the market, pushing the total value of pre-sale projects to 150 billion NT dollars, the strongest in nearly a year.
Source: YAHOO
Reported 7 months ago
中小尺寸面板厂商全台晶像受到企业支出疲弱影响，今年前5个月营收年减19％。尽管工控和智能家居中控系统出货减少，但厨房和医疗产品出货增加，使毛利率稳定在22％。公司表示下半年业绩料逐渐恢复增长。
Source: YAHOO
Reported 7 months ago
The P/E ratios of the infrastructure industry are still low, making it a great time to invest at a value price according to fund managers. These stocks have shown a significant rebound this year, with P/E ratios remaining below the long-term average by over a standard deviation. Infrastructure companies often have stable cash flows thanks to operating rights and long-term contracts, providing better dividend yields than global stocks. With the Federal Reserve potentially lowering interest rates in the second half of the year, infrastructure stocks are expected to perform well. Statistics show that investing in infrastructure stocks when the P/E ratio is more than one standard deviation below the 10-year average since 2014 has yielded positive returns over various time frames, with longer holds increasing return probabilities and rates. Post-pandemic, the demand for infrastructure, especially in transportation, is expected to surge, benefiting sectors such as airports, railways, and toll roads.
Source: YAHOO
Reported 7 months ago
Provided by Yuanta Futures, Huang Yanhong summarized the data released on June 13, 2024, at 4:10 PM. The US non-farm employment data was significantly higher than expected, raising concerns about overheating job markets and spiral inflation, leading to a drop in the market's rate cut expectations and a surge in US bond yields. This caused the US Dollar Index to revert to around 105. However, the US CPI for May, released on the 12th, was below expectations with the core CPI hitting a three-year low. This significantly increased market expectations for a 2-point cut in interest rates by the Fed this year, causing stocks and bonds to rise after the data release, with the USD Index falling back to around 104. The Fed's dot plot, released the following day, showed a high probability for only a 1-point rate cut. Fed Chair Powell stated they would wait for more inflation data before cutting rates to ensure no premature rate cuts trigger inflation. The Fed maintains its restrictive rates and the USD and bond yields show signs of stabilization, while bond prices decrease. Although the Fed is unlikely to raise rates, aggressive rate cuts are also not likely. Therefore, the US Dollar is expected to continue range consolidation, and traders should avoid chasing highs or lows when no significant economic data is released.
Source: YAHOO
Reported 7 months ago
Macronix, a memory packaging and testing company, experienced a seasonal downturn in the second quarter of 2024 due to weaker short-term demand for DDR4 and DDR3 memory products. However, the company anticipates demand to gradually pick up in the third quarter and remains optimistic about its annual performance for the year. Macronix also plans to continue its expansion with some production capacity expected to come online before the end of next year.
Source: YAHOO
Reported 7 months ago
In order to enhance operational flexibility, Taiwan Cement's board of directors approved the acquisition offer for NHOA S.A. shares by its indirect subsidiary TCEH at a cash price of 1.1 euros per share, aiming to privatize NHOA and streamline governance, support financially, maximize integration of resources, and deepen strategic cooperation within the group. The privatization will also involve implementing new talent incentive plans and aligning compensation with performance, moving away from short-term stock price impacts.
Source: YAHOO
Reported 7 months ago
Taipei, Weng Yulan reported on June 13, 2024, at 4:10 pm, Weiweng held a board meeting and decided to conduct overseas fundraising for Global Depositary Receipts (GDR) and overseas unsecured convertible bonds (ECB), with a total fundraising scale approaching NT$40 billion. Weiweng plans to issue 8.5 to 11 million shares of GDR, with the estimated fundraising scale exceeding NT$20 billion. Additionally, they plan to issue overseas ECB with a tentative scale of US$600 million (about NT$19.4 billion), totaling nearly NT$40 billion in fundraising.
Source: YAHOO
Reported 7 months ago
MapKing Technology, formerly known as Yen Ding Intelligence, is challenging Google Maps with their locally developed electronic map product, 'Taiwan MapKing - Map8 Platform.' This platform is widely used by Taiwanese companies for its comprehensive functions, fast data updates, and consideration of local traffic rules, making it more suitable for local users than Google Maps. After partnering with navigation leader PAPAGO! to launch 'PAPAGO! A1 Online Navigation,' MapKing became the leading electronic map platform in Taiwan. With various practical features and high information security, it is widely utilized across different industries with customized solutions. MapKing aims to focus on providing high-quality electronic map services and expand overseas to dominate the Southeast Asian market in the future.
Source: YAHOO
Reported 7 months ago
Fucare's subsidiary Honevo Medical successfully developed Taiwan's first medical software using smartphone cameras for heart rate variability (HRV) analysis. The software, which has a consistency of over 95% with electrocardiograms, has received approval from the Ministry of Health and Welfare (License No. 008029). With an increasing number of people seeking medical attention for mental health issues, the software provides a convenient and accurate way for doctors to assess patients' mental and physical conditions. Honevo Medical is also actively developing fNIRS products utilizing its expertise in photonics and algorithms, aiming to enable early detection of mental illnesses and real-time monitoring for stroke rehabilitation.
Source: YAHOO
Reported 7 months ago
Since its establishment, Xinyi Real Estate founder Zhou Jung-chi set the purpose of 'treating all stakeholders fairly'. With a focus on this management philosophy, Xinyi Real Estate has been a pioneer in corporate governance and is considered a benchmark among domestic companies. It has consistently ranked in the top 5% in annual corporate governance assessments, with a focus on ethical practices and sustainable development. In response to the recent COVID-19 pandemic, Xinyi has implemented measures such as virtual shareholders' meetings and online live streaming services to facilitate immediate shareholder participation.
Source: YAHOO