Reported 7 months ago
On June 13, 2024, the European Union announced a temporary anti-subsidy tariff of up to 38.1% on imported electric vehicles from China, with BYD facing a lower tariff of 17.4% compared to its competitors. This news led to a 4% increase in BYD's A-shares and a 5.8% rise in its H-shares, reaching new yearly closing highs. BYD, Geely, and SAIC Group were among those surveyed by the EU, with varying tariffs imposed. Citigroup noted that BYD's lower tariff rate may help increase its market share in the EU, with estimates suggesting BYD may account for a significant portion of its 2024 export targets. Lyon expects the impact of the tariff increase on BYD's 2024 profit to be between 500 million and 1 billion yuan, with potential mitigation strategies discussed.
Source: YAHOO
Reported 7 months ago
The First Financial Holdings has been singled out among 952 listed companies in the 112th Annual 10th Corporate Governance Evaluation by the Taiwan Stock Exchange, receiving the 'Top 5% of Listed Groups' award nine times. The company excelled in all 80 indicators across four evaluation dimensions, showcasing their commendable corporate governance performance. As a pioneer member of the Sustainable Finance Cross-Alliance, First Financial actively implements ESG practices, such as launching the first-ever financial GIS and data application 'ESG Sustainability Application Map Query Platform', to promote green living among the public and aid in climate risk management. Additionally, they participate in the PCAF and SBTi initiatives to set carbon reduction targets for major financial activities, offer green financing, and focus on gender equality in the workplace. Overall, First Financial's commitment to sustainability has garnered various prestigious awards both domestically and internationally.
Source: YAHOO
Reported 7 months ago
The stock market in Taiwan hit a new high with high-priced stocks igniting the market. As of June 13, 2024, there were 39 stocks priced above 500 yuan, with 32 ending in gains. The number of stocks priced over 100 yuan reached 433, showing a significant 23% increase from the previous year. The competition for the top spot among high-priced stocks intensified with reshuffles in rankings, particularly with certain industrials like Weikeng poised to join the thousand-yuan club. Analysts foresee favorable performance in the high-priced stock sector due to the AI trend, advising investors to strategically invest in related ETFs. However, evaluation on some industries in the Taiwanese stock market is high, calling for a focus on specific sectors like semiconductors and cautious adjustments in areas with higher P/E ratios while awaiting the revival of general server demand. Market observations around factors such as increased electricity prices and the ongoing impact of US-China tech bans on supply chain demand remain crucial for future strategy planning.
Source: YAHOO
Reported 7 months ago
Since the outbreak of COVID-19, declining income, a sluggish housing market, and fierce competition in e-commerce have led to a wave of closures of physical stores in China. RT-Mart, once hailed as the 'king of hypermarkets' in China, has been hit hard, with 20 stores closing by the end of March this year. The company, part of the Alibaba Group, has suffered losses, prompting cost-cutting measures, including the closure of stores and the laying off of 20,000 employees, aiming to save over 500 million yuan in welfare expenses.
Source: YAHOO
Reported 7 months ago
Yang Jinlong, the President of the Central Bank, stated on June 13 that the inflation rate decreased gradually, with the Consumer Price Index (CPI) from January to May showing a year-on-year increase of 2.24%, expected to continue dropping to below 2% in the second half of the year. Despite the increase in electricity prices, effective control measures in Taiwan have contributed to the projected decline in overall inflation rates. Yang also mentioned adjustments in economic growth rates, with the CPI and core CPI estimated to be 2.12% and 2% respectively for the year. International views suggest that a flexible inflation target may be more suitable for smaller open economies like Taiwan.
Source: YAHOO
Reported 7 months ago
台灣證券交易所指出，康師傅-DR（910322）112年度TDR除息公告申報遲延，未在規定期限內完成公告申報，違反相關規定，因此遭到處罰50萬元。公司應在特定日期前申報，但延遲至另一日期才完成申報，被認定有嚴重違約。康師傅控股有限公司被要求日後確實依規定辦理。
Source: YAHOO
Reported 7 months ago
Yuanta Financial Holdings has once again been awarded the top 5% ranking in the Company Governance Evaluation for the 112th year, marking their 9th consecutive win. The long-term excellence in governance performance showcases the company's commitment to enhancing its governance system. The evaluation covers four aspects including shareholder rights, board structure and operations, information transparency, and sustainable development, with a total of 80 evaluation indicators. Through rigorous evaluations of 1,706 listed companies, the Taiwanese government aims to promote healthy competition, strengthen industry competitiveness, and enhance international presence. Yuanta actively encourages shareholder participation, upholds the highest standards of integrity, and focuses on safeguarding shareholder rights while pursuing sustainable development through various board committees and professional guidance. Recent international recognitions include awards for Best CEO, Best CSR Company, and Best Investor Relations Enterprise, highlighting Yuanta's commitment to corporate social responsibility and international governance standards.
Source: YAHOO
Reported 7 months ago
On June 13, 2024, at 4:10 PM, Century Steel (9958) rode on the AI hype and the rise of electric-related stocks, hitting the daily limit up again to close at 362 yuan, setting a new historical high. With major buyers purchasing over 1,941 shares in a single day and proprietary traders buying continuously for 5 days, the stock price has doubled in the past six months. The localization policy for wind power facilities has boosted operations in 2024, with a 22.5% year-on-year revenue growth in the first five months, an EPS of 2.66 yuan in the first quarter, a 92.48% increase year-on-year, and institutional investors are optimistic that profits will double in 2024. By the end of 2025, three new towers will be built, increasing the production and tonnage of underwater foundation cylinders, potentially contributing more profits to Century Steel.
Source: YAHOO
Reported 7 months ago
In a report released by Ernst & Young on June 13, 2024, it's revealed that Taiwan had a total of 27 companies listed in the first half of the year, raising a total of NT$184.02 billion, a 123% increase compared to the same period last year. The boost was largely attributed to the biotech and medical industry's fundraising of NT$5.224 billion. The report also predicts that AI, energy, biotech, technology, and green energy sectors will be the main forces driving Taiwan's IPO market in the near future.
Source: YAHOO
Reported 7 months ago
Following rate cuts in Canada and Europe on June 13, 2024, financial institutions have continuously expressed positive outlooks for the stock market in the second half of the year. Factors such as high nominal economic growth rates, peak interest rates, and improving corporate earnings performance are expected to support market performance. While concerns about 'uncontrolled inflation' exist, overall, experts are optimistic about the stock market outlook, highlighting steady fundamentals and improving economic conditions.
Source: YAHOO
Reported 7 months ago
投信法人指出，美聯儲延後降息有助延長全球股市多頭時間，尤其AI相關股是重點，建議布局AI主題基金，台股推出新高，展現攻擊型態，受惠全球景氣復甦及AI應用，公司5月營收達3.61兆元，創新高。展望未來，企業獲利有望上修，AI與半導體族群被看好，台股中長期可期。
Source: YAHOO
Reported 7 months ago
Container shipping prices on the Europe-America route saw another increase of at least $1,000 in mid-June 2024. Concerns over delays in shipping schedules, combined with a new round of tariff disputes between Europe and America, have led to an early surge in shipping demand. The tight vessel and container supply has pushed prices up for shipments to America and Europe, with some carriers already announcing further price hikes effective July 1st. In response to the growing demand, several shipping companies have started to raise their rates for the summer season. Ports in Europe are facing congestion, affecting schedules and flight punctuality, further driving up prices. Import volumes at major US ports have seen significant growth compared to the same period last year, and the recent announcement of new tariffs on China is also contributing to the increased short-term demand.
Source: YAHOO
Reported 7 months ago
In its recent shareholders' meeting on June 13, Unilong (2233) announced a slight 0.38% decrease in revenue in 2023 due to economic downturn, inflation, and interest rate pressures. Despite these challenges, Unilong's diversified industry layout strategy proved effective. The company plans to continue expanding its automotive parts business and developing hydrogen fuel cell components, aimed at tapping into the growing global market for new energy vehicles. With a post-tax profit of 534 million NT dollars and an EPS of 8.86 in 2023, Unilong approved a dividend payout of 5.3 NT dollars, offering a nearly 4% dividend yield based on the closing price of 133 NT dollars on the 13th. Looking ahead, the company anticipates robust operations in the second half of the year, especially with the completion and operation of their new factory in Taichung, expected ISO 13485 medical quality management system certification, and the development of precision components for surgical equipment.
Source: YAHOO
Reported 7 months ago
中國大陸近年來一直面臨經濟難題，美國副國務卿坎博表示，中國目前將經濟議題放在首要位置，努力穩定中美雙邊關係。他認為中美經濟和安全共識是美國外交政策中最困難的挑戰之一，美國與盟友應對中國發出明確訊號，劃定紅線並表示關切。
Source: YAHOO
Reported 7 months ago
On June 13, 2024, Eva Air was recognized as one of the top 5% among 952 listed companies in Taiwan in the 10th annual 'Corporate Governance Evaluation for Listed and OTC Companies'. Eva Air was the only airline company selected. The evaluation, based on the 'Corporate Governance 3.0 - Sustainable Development Blueprint' and 'Capital Market Blueprint' by the FSC, included criteria related to shareholder rights, board structure, information transparency, and sustainable development. Eva Air emphasizes the importance of sound corporate governance for sustainable operations, with initiatives such as establishing a Sustainability Committee and actively reducing carbon emissions. Eva Air has been successful in various sustainability evaluations and awards, showcasing leadership in ESG performance in the global airline industry.
Source: YAHOO
Reported 7 months ago
On June 13, 2024, Taiwan's Central Bank decided to maintain the discount rate at 2% during its second quarter board meeting and surprised the market by raising the reserve requirement ratio by one percentage point without prior warning, starting from July 1. This move aims to withdraw around 120 billion NT dollars from the market. Despite not adjusting interest rates, the Central Bank continues its tightening direction in monetary policy by raising the reserve requirement ratio for the third consecutive quarter, totaling a three-percentage-point increase. The Governor emphasized a further tightening stance, focusing on quantity rather than price management and aiming to control the housing market specifically. The adjustment is expected to tighten liquidity, impacting banks' lending capacity and leading to an increase in market interest rates.
Source: YAHOO
Reported 7 months ago
Crystal Technology's main operational driving force this year is automotive products, with a goal for automotive revenue to reach 20% by 2025 remaining unchanged. The new Ningbo plant, responsible for producing automotive components, is expected to complete electromechanical engineering in the second quarter and begin mass production by the end of the third quarter, potentially increasing the revenue share of automotive products to close to 20% this year. With strong demand for automotive products and promising prospects in AI and 5G applications, Crystal Technology anticipates better operations in the third quarter driven by these emerging fields, aiming for double-digit growth compared to the previous year.
Source: YAHOO
Reported 7 months ago
At ASUS's shareholders' meeting on June 13th, Chairman Shih Jong-tang stated that AI is a rare opportunity for the computer industry and ASUS must seize it to transform into a comprehensive enterprise. Despite being considered a latecomer, ASUS is now accelerating to catch up with the AI trend, surpassing expectations in speed and progress, aiming to achieve goals multiple times over. With a strong focus on AI servers and recent collaborations, ASUS's server business is booming, with a significant portion of revenue coming from AI servers leading to a promising growth outlook for the company.
Source: YAHOO
Reported 7 months ago
Following recent strong earthquakes, the number of residential earthquake insurance policies has surged, reaching a rate of 38.55% by the end of May, a 0.54% increase from March. The increase of about 50,000 policies in the past two months is primarily attributed to the effects of the 0403 earthquake. Most of the policy increases are concentrated in metropolitan areas such as New Taipei City, Taoyuan, Hsinchu, Taichung, Taipei, and Kaohsiung. The total number of policies in these six cities reached approximately 2.7271 million by the end of May, with rates exceeding 41.9% in five of the cities.
Source: YAHOO
Reported 7 months ago
The Federal Reserve (Fed) maintained interest rates as expected on June 13, with forecasts indicating a higher probability of a 1-point cut or no cut this year. This stance has led to a positive view on risky assets, especially optimistic forecasts for US stocks, the Nikkei, and tech stocks. Factors such as progress in summer inflation and potential weakening of the job market could increase the likelihood of a rate cut this year. Despite short-term market volatility due to inflation stickiness, positive views on risky assets are maintained, with recommendations to overweight stock investments, particularly in Japanese stocks and tech stocks for the long term. While other regions have begun cutting rates, the atypical start of the easing cycle is attributed to strong US employment data and inflation levels above target, leading the Fed to refrain from substantial and rapid rate cuts. Overweight positions on US and Japanese stocks are temporarily recommended, with a focus on key policies such as trade, immigration, and energy post the US presidential election, foreseeing potential inflation upticks regardless of the elected president. Positive outlook on Japanese stocks is due to mild inflation, robust profit growth, favorable shareholder reforms, and the gradual normalization of monetary policies by the Bank of Japan. While global funds have flowed into bond funds for 24 consecutive weeks in anticipation of a Fed rate cut, the reality is lower returns or even minor losses, prompting the importance of defensive and yield-boosting bond investments before the official rate cut. Bond market volatility in the first half of the year stemmed from over-optimistic rate cut expectations, with market sentiment now looking towards reduced future volatility risks post the European Central Bank (ECB) rate cut in June and expectations of a parallel move by the Fed. Geopolitical uncertainties, the US presidential election, and rate cut ambiguities may heighten market volatility in the latter half of the year, suggesting a focus on investing in high-quality equities paired with investment-grade bonds to mitigate downside risks, presenting an optimal investment strategy.
Source: YAHOO
Reported 7 months ago
Taiwan Fertilizer Corporation (Taiwan Fertilizer) recently signed a memorandum of cooperation with Copenhagen Infrastructure Partners (CIP) from Denmark to advance clean energy initiatives, specifically in the development of ammonia energy. With Taiwan Fertilizer's expertise in ammonia supply and commitment to President Tsai Ing-wen's energy transition policy, the collaboration aims to promote clean energy projects, establish a global ammonia supply chain platform, expand semiconductor materials, and transition to eco-friendly fertilizers. This strategic partnership with CIP focuses on constructing clean energy projects such as local production, import, storage, transportation, and applications of low-carbon ammonia, promoting progress towards becoming a key supplier of clean energy. CIP, known for its diverse Power to X projects, is excited to work with Taiwan Fertilizer in achieving Taiwan's net zero emissions goal for 2050 by combining CIP's hydrogen energy project experience with Taiwan Fertilizer's leading ammonia supply chain capabilities.
Source: YAHOO
Reported 7 months ago
The Pritzker Prize, known as the Nobel Prize of architecture, is the highest honor in the architectural world. Cities with Pritzker Prize-winning buildings not only represent international prestige but also reflect exceptional cultural appreciation. Taipei's Xinyi District, a landmark in Taiwan's development history, houses three Pritzker Prize-winning works within 153 hectares, including the '55TIMELESS' residential building by Richard Meier. Meier's last high-rise residential work before retirement in 2021, '55TIMELESS' embodies his belief in white and modernist principles, demanding precision and engineering excellence. As one of the rare private residence designs by Pritzker laureates, '55TIMELESS' in Xinyi District stands out as a classic masterpiece attracting high demand and becoming a favorite among young affluent generations.
Source: YAHOO
Reported 7 months ago
Chairman Chen Pi-yue of Kun Yue Development revealed that the property market is returning to rigid demand, and Kun Yue will continue to focus on the Greater Taichung and Changhua areas. Chen mentioned that the company is entering a peak delivery period, expecting the next five years to be a 'harvest growth period' with increasing revenue and profits annually. Kun Yue achieved record-breaking revenue and profits last year, and is set to surpass those figures this year and in 2025 with the completion of various projects. The company plans to launch new developments in different areas, aiming to respond flexibly to the current business environment challenges.
Source: YAHOO
Reported 7 months ago
The Financial Supervisory Commission (FSC) strengthens 'fair treatment of customers'. The Life Insurance Association announces three measures to protect vulnerable financial consumers by actively incorporating financial technology, communicating with disabled groups, and focusing on the insurance rights of young people. These efforts aim to fulfill the corporate social responsibility of the life insurance industry while improving services and accessibility for all groups in need.
Source: YAHOO
Reported 7 months ago
The Taiwan Futures Exchange will hold a shareholders' meeting on the 24th for the election of directors and supervisors. Among the new candidates is former Vice Chairman of the Financial Supervisory Commission and current Chairman of the Securities Depository Clearing Corporation, Zhang Chuanzhang. This move is considered significant in the financial sector following the appointment of new Premier Cho Rong-tae and FSC Chairperson Peng Chung-lung, indicating a potential shift in F4 personnel changes. The remaining candidates for the other 14 positions have yet to be announced, with the focus on academic and industry professionals. Zhang, with academic, administrative, and public bank experience, served as FSC Vice Chairman from 2018 to 2020. It is anticipated that further significant personnel changes may occur once Chairperson Peng is more familiar with the industry's operations and urgent financial issues at hand.
Source: YAHOO