Reported 7 months ago
At 4:10 PM on June 13, 2024, Chinese MG officially released its first electric car, the MG4, priced at less than one million NT dollars, becoming the cheapest electric car in the domestic market. The general manager of Chinese Automaker, Chen Zhaowen, stated that the pricing almost didn't make a profit but helped secure market share, anticipating long-term growth with the expanding economy. With MG's introduction, Chinese car sales rapidly increased last year, with new MG car sales exceeding 13,000 vehicles, driving overall sales to 51,300 vehicles with an 18% annual increase.
Source: YAHOO
Reported 7 months ago
Wistron's (4938) revenue share from automotive and server products has shown better-than-expected growth, leading to a continuous increase in market share. Juyong (2476) has started mass production at the H2 factory in Guanyin, featuring a precision manufacturing process and an integrated electroplating line. Wistron ventured into AI server contract manufacturing in 2024 and collaborated with ASRock to launch server products. Additionally, Wistron partnered with NVIDIA to develop the flagship enterprise AI server GB200 NVL72, solidifying their position as global partners in cutting-edge AI technologies.
Source: YAHOO
Reported 7 months ago
Leading semiconductor manufacturer TSMC has received an upgrade, leading to a positive outlook for mature process indicator stocks. Morgan Stanley Securities raised their ratings on mainland China's Huahong Semiconductor due to full production capacity and anticipated price increases of 10% in the second half of the year. This has eased pricing pressure on Taiwanese mature process wafer foundries, prompting upgrades for World and Powerchip Technology. The positive ratings from Morgan Stanley Securities prompted international capital moves, with foreign investors buying over 6,325 shares of World and 23,000 shares of Powerchip, signaling an end to nine days of consecutive selling. The improved production capacity utilization is expected to boost profitability and limit downside risks for the mentioned companies.
Source: YAHOO
Reported 7 months ago
The chemical industry chain has rebounded from a slump in 2023, showing strong performance in May with double-digit revenue growth in the rubber sector, driven by factors such as the continuous strong demand for electric car tires and the recovery of Southeast Asian glove demand. The outlook for the second half of the year is expected to be even more robust. Leading companies like Nan Kang Tire (2101), Taiwan Rubber (2103), and International CBM (2104) have all reported significant revenue increases in May, indicating a positive trend for the industry. The article also highlights the positive prospects for latex gloves and rubber supply in Southeast Asia for the remainder of 2024.
Source: YAHOO
Reported 7 months ago
台灣證券交易所第十屆公司治理評鑑揭曉，48家上市公司中有8家企業成功連續十年蟬聯前5%，包括台積電、聯電、台灣大和信義房屋在內，信義房屋更是唯一房仲服務業入選。評鑑將重點放在維護股東權益、推動永續發展，企業表現得以提升資本市場品質，增強國際競爭力。信義房屋則著重實體結合視訊召開股東會、支持綠能政策、融入社區服務等舉措，展現企業社會責任，並提高業界標竿。
Source: YAHOO
Reported 7 months ago
Tai Yi Machinery (4533) approved a dividend of 1.16479823 NTD at its shareholders' meeting on June 13, 2024. The company announced that its current order book exceeds 2 billion NTD, with some long-term orders visible until 2025, expecting operations in 2024 to remain steady or slightly increase. Tai Yi Machinery's future development strategy includes promoting technological innovation and ESG goals, integrating IoT, big data, and digital technology, while incorporating ESG into daily operations and launching smart stamping solutions amidst the push for net zero emissions by 2050. The company will focus on the high-end home appliance market and continue to enhance product lines to meet the demand for green transformation, digital transformation, and market changes.
Source: YAHOO
Reported 7 months ago
In response to the FSC's 'Trust 2.0 Comprehensive Promotion Plan', Taiwan Bank actively promotes and provides services for disability trusts. They recently participated in the '30th Betty Intellectual Disability Cheerleading Team Competition' activity, organized by the 'Chinese Disability Sports and Leisure Services Association' and the 'Taipei Disability Services Promotion Association', aiming to promote confidence stages for special children. At the event, Taiwan Bank set up booths to explain trust structures through games, benefiting many caregivers who were then interested in attending trust briefings, helping them plan for the future care of their disabled loved ones.
Source: YAHOO
Reported 7 months ago
The Financial Supervisory Commission (FSC), in collaboration with Taiwan Depository & Clearing Corporation and six financial institutions, has formed the 'Real World Assets (RWA) Tokenization Working Group' to explore tokenizing assets like bonds and funds. The group aims to follow international trends and gradually introduce tokenization in Taiwan, leveraging blockchain and cryptography technologies for enhanced trading efficiency and transparency.
Source: YAHOO
Reported 7 months ago
The performance of biotech and medical stocks, which have lagged behind the overall market since last year, is gradually improving, especially in companies related to detection tools in life sciences and medical information technology. With the US inflation data declining but the overall economy remaining stable, the medical industry is expected to attract investors' interest for potential growth after falling behind the market by about 20% last year. The long-term outlook for the healthcare sector remains positive, as trends like healthcare technology innovation and increasing mergers and acquisitions continue to support the industry's stability and growth potential.
Source: YAHOO
Reported 7 months ago
Following the acquisition of the entrepreneurial family's shares by Senjiu on June 13, 2024, the brothers and co-founders of the entrepreneurial family, Chairman Guo Shuqi and co-founder Wu Peiwen, recently announced on Facebook their new direction, deciding to venture into the health and fitness industry. Guo Shuqi established '2024 Co., Ltd.' to focus on health and fitness industry after seeing the development of sports and fitness brands. Through the company, they integrated their previous acquired shares from Swanyuan Company, planning a new layout for their future business. Senjiu acquired over 47.96% of the entrepreneurial family's total issued shares, with Guo Shuqi and Wu Peiwen selling their personal and investment company shares to Senqi. Guo Shuqi's positions have been relieved, and the entrepreneurial family has completed board re-election and team handover.
Source: YAHOO
Reported 7 months ago
The Bank of Japan held a two-day meeting on June 13, 2024, with the focus on the decision expected to be announced on the 14th. It is anticipated that the interest rate will remain unchanged at 0-0.1%, but there may be a decision to reduce the monthly bond purchase scale as Japan moves towards policy normalization, potentially providing support for the weakened yen. The market is also observing discussions within the BOJ on adjusting bond purchase measures to slowly reduce holdings and avoid market turbulence.
Source: YAHOO
Reported 7 months ago
In response to the significant rise in construction costs, Taiwan's Ministry of the Interior announced on June 13, 2024, that the third revision of the 'Public Housing Development Program (2017-2024)' has been approved by the Executive Yuan, increasing the non-self-financed verified subsidies for public housing construction to NT$339.2 billion. Additionally, the subsidy period has been extended from 20 to 30 years to reduce pressure on the national treasury. Despite the central bank keeping interest rates steady, the Ministry of the Interior emphasized that there will be no additional subsidies during the upcoming implementation period of the New Taipei Housing Program.
Source: YAHOO
Reported 7 months ago
The Ministry of Economic Affairs' Small and Medium Enterprise Administration recently held the InnoVEX 2024 innovation and entrepreneurship competition, where the Startup Terrace Award was presented to the German startup NanoWired GmbH for their patented technology in nanowires. The agency actively fosters startups by expanding into international markets and attracting overseas startups and talent. During InnoVEX, they partnered with AWEX from Wallonia Export-Investment Agency of Belgium and Startup Island Taiwan to promote international industry exchanges, along with hosting the Global Startup Night to facilitate networking. Additionally, the agency's Startup Innovation Pavilion attracted numerous international startups, including those from India like NASSCOM and Startup India, to explore potential collaborations in areas like green energy and AI with Taiwanese companies.
Source: YAHOO
Reported 7 months ago
On June 13, 2024, at 4:10 PM, Catcher Technology (2392) surged again hitting the limit up to NT$75.9, aiming for a new short-term high of NT$77. Both domestic and foreign investors joined in to support the stock, with proprietary traders making a fourth consecutive buy and foreign investors who had sold for three days turning into buyers on the 13th, strengthening both the fundamental and technical aspects. Catcher Technology recently announced a partnership with Ubitus from Japan to establish 'Ubitus Supercomputing Company' and procure GPUs from ASUS, planning to build an AI computing center at the Minquan Factory in Tucheng, with the center expected to be completed in the fourth quarter of this year. With this move into the AI field, they are seen as nurturing a golden egg.
Source: YAHOO
Reported 7 months ago
During the Qingming Festival holiday, credit card spending in April reached 359.7 billion NTD, setting a new record for April over the years. The Financial Supervisory Commission reported that credit card spending for the first four months of the year has exceeded 1.4 trillion NTD, continuing to set new records. Factors contributing to the increase in credit card spending in April include holiday travel boosting consumption, and insurance premiums being deferred to be accounted for in April by certain banks. Total credit card spending in the first four months has reached 1.4072 trillion NTD, surpassing the same period last year by 185.5 billion NTD or 15%. The trend indicates a growing preference among people for using credit cards for various expenses and payments, particularly with the economic recovery after the pandemic and increased domestic and international travel.
Source: YAHOO
Reported 7 months ago
Taisun held a shareholders' meeting on June 13, 2024, where it was decided to distribute a dividend of 6.6 Yuan per share with a payout ratio of 87.6%. The company's chairman, Luo Zhixian, highlighted the impact of declining economy and demand on the profits in 2023 and emphasized the need to focus on logistics and livestock issues in 2024. Despite a decrease in revenue and profits in the first quarter of 2024, Taisun, a major supplier of soybean flour and vegetable oil in Taiwan, maintained stable profits and exceeded dividend expectations.
Source: YAHOO
Reported 7 months ago
大金空調代理品牌和泰興業選定桃園沙崙產業園區興建大金空調物流中心，以因應未來營運需求。動土典禮由大金董事長及其主管、建築師以及桃園市政府官員參加，表示將提供更穩定、更高效的服務。預計該物流中心將分三期建設，首期投資新台幣6.2億元興建平面倉儲，預計於2025年底完工。
Source: YAHOO
Reported 7 months ago
On June 13, 2024, Taiwan stocks hit a new high with 54 Taiwan stock ETFs all closing higher. Among them, 37 ETFs saw their market prices reach new highs this year, pushing the overall Taiwan stock ETF market size to 2.15 trillion NT dollars, an increase of 752 billion NT dollars since the beginning of the year. Analysts indicate that AI will continue to be a focus for Taiwan stock investments in the second half of the year, predicting that related ETFs may challenge new highs along with the market. The Taiwan stock ETF market has been expanding due to the rising stock market and increasing interest in ETFs, with a total growth of 53.4% since the end of last year.
Source: YAHOO
Reported 7 months ago
Jia Bichyi (6197), a connector factory, successfully entered the Huida GB200 supply chain in June 13, 2024, seizing AI business opportunities. Chairman Zhang Shumei mentioned the rapid pace of the AI market and the company's revenue from AI-related products within the data network telecommunications industry has increased from 20% to 35%. Acquisitions and partnerships have allowed Jia Bichyi to capitalize on the AI server market, leading to a rise in revenue and visibility for the company in the North American CSP sector. Despite the challenges of meeting high-frequency and high-speed demands in the AI market, Jia Bichyi remains optimistic about the future and predicts a strong revenue performance for the rest of the year.
Source: YAHOO
Reported 7 months ago
Taiwan's stock market saw a significant rise in June, with the index hitting 22,300 points and a 24.4% increase for the year, prompting retail investors to increase margin trading balances to NT$3.036 billion on the 12th and NT$3.043 billion on the 13th, marking one of the highest levels this year. Factors such as Nvidia and TSMC ADR soaring have led to continuous index increases, with both gaining to all-time highs. Experts predict a favorable reaction in the market due to lower than expected US CPI in May, the Fed keeping interest rates steady, and optimism towards further rate cuts in 2025, reflecting in historical highs for US and Taiwan stocks.
Source: YAHOO
Reported 7 months ago
投信法人認為，AI是長期大趨勢，目前還看不到終點。雖然有投資人擔心科技股位於相對高檔、波動度較大，但法人建議透過共同基金、ETF或其他多重資產基金的方式介入科技股，以降低波動風險、掌握投資潛力，進一步提升投資效率。黃奕捷表示，AI及雲端運算為當前科技領域的熱門話題，帶動第五波科技革命，突顯AI在Discovery、Decision、Delivery及Data等方面的潛能。安盛環球基金數位經濟基金投資團隊則看好科技股和納斯達克指數的長期潛力，認為科技產業在人口結構變化、電子商務成長及數位轉型方面仍具利多，展望2024年仍值得看好。
Source: YAHOO
Reported 7 months ago
As of June 13, 2024, the Federal Reserve has not yet lowered interest rates, but foreign banks believe that despite strong global economic growth, more data is below expectations, indicating a slowdown in economic growth and anticipating a rate cut by the Federal Reserve in September. Various economists predict different timelines for a rate cut, with factors such as inflation numbers influencing the decision and some suggesting a delay until December. Market expectations for rate cuts accumulate to only 30-40 basis points by year-end. The article also touches upon the current economic climate affecting consumer spending and labor markets in the US and UK.
Source: YAHOO
Reported 7 months ago
Yuanyi Chen, manager of Capital Investment Trust Corporation, discussed the economic and market observations on June 13, 2024. He mentioned that the labor market is improving, leading to controlled wage inflation, while international oil prices are decreasing, easing future inflation pressure. With the Federal Reserve’s monetary policy turning more accommodative, industries are back on an upward trend, with AI technology fueling market trends in Taiwan's semiconductor and traditional industries. Export growth, driven by strong AI demand, is expected to continue its positive momentum, benefiting both the tech and traditional sectors. The focus is on investing in AI-related stocks, ESG-friendly companies, and industries like AI servers, AI PCs, and cooling modules in technical supply chains, as well as semiconductor manufacturers in Taiwan.
Source: YAHOO
Reported 7 months ago
Samsung Electronics revealed its latest advanced process product roadmap at its annual Foundry Forum on June 12th, 2024, announcing plans to introduce one-stop AI chip manufacturing services that integrate memory chips, wafer foundry, and chip packaging services to accelerate chip delivery. With the rise of AI chips, Samsung predicts the global chip industry revenue to reach $778 billion by 2028. By offering one-stop services and introducing innovative nodes like SF2Z and SF4U, Samsung aims to stay ahead in the industry by focusing on advanced chip architectures such as Gate-All-Around (GAA) which improve chip performance and reduce power consumption.
Source: YAHOO
Reported 7 months ago
The US Department of Labor unexpectedly announced on June 13th at 4:10 pm that the Producer Price Index (PPI) for May decreased by 0.2%, marking the largest decrease in nearly seven months, providing new evidence of easing inflationary pressures in the US. Additionally, the job market continues to cool as initial jobless claims in the US surged to 242,000 last week, marking the highest level in ten months. Following the release of these data, expectations for the Federal Reserve to begin cutting interest rates in September have risen again, causing the US 2-year Treasury yield, sensitive to Fed rate trends, to drop to 4.66%, the lowest level since April 5th. The Labor Department attributed the decline in May PPI to energy and service costs, showcasing a decrease in inflation signs observed earlier in the year. Core PPI remained flat compared to the previous month, below market expectations, with the year-over-year PPI increase also lower than anticipated. This data reinforces the notion that the once persistent inflationary pressures are now weakening and on a downward trajectory.
Source: YAHOO