Reported about 1 year ago
Ant Anstead offers a glimpse into his new project of transforming a historic barn into his workshop to restore antique cars and fund the renovation of a 500-year-old farmhouse in rural England, intended for his parents. The British car expert plans to document the process in a new show, 'Ant Anstead: The Naked Mechanic', soon to air on Discovery+.
Source: YAHOO
Reported about 1 year ago
US stocks mostly finished in the red with the S&P 500 and Nasdaq losing about 0.2% as Nvidia slid for a second day. The Dow Jones managed to climb slightly. The markets showed signs of fatigue after a tech-led rally, with Nvidia leading the AI-fueled rally but lost over 3% on Friday. Investors are also evaluating the US economy's health and potential interest rate changes. The Federal Reserve's upcoming inflation gauge data will play a key role in central bankers' decisions.
Source: YAHOO
Reported about 1 year ago
Walmart is offering over 25 top deals this weekend with discounts up to 80% off on popular products like HP laptops, gold-plated earrings, cookware sets, wireless earbuds, vacuum cleaners, and more. The markdowns are part of Walmart+ Week, lasting until Sunday, 6/23, and include various categories such as bestsellers, tried-and-tested products, rare sales, products under $25, and Walmart-exclusive items. Shoppers can find a wide range of items like electronics, home goods, clothing, and kitchenware at discounted prices during this summer promotion.
Source: YAHOO
Reported about 1 year ago
Victony, a Nigerian Afropop artist, released his debut album 'Stubborn' on June 21. The album, inspired by a near-fatal car accident in 2021, symbolizes overcoming adversity and turning life's hardships into powerful art. Victony collaborated with various artists, including Teezo Touchdown and Saint JHN, creating a diverse and profound collection of songs. Through his music, Victony aims to inspire listeners to find strength and hope in their own journeys. The album also credits the influential African rapper Olamide Baddo, showcasing Victony's appreciation for his mentor's support. Victony plans to tour North America this summer in support of 'Stubborn.'
Source: YAHOO
Reported about 1 year ago
The US Treasury Department recently released a report on the economic and foreign exchange policies of major trading partners, listing seven countries or regions, including Taiwan, on the observation list for currency manipulation. Taiwan, for the fourth consecutive time, met two out of three monitoring criteria, remaining on the watchlist mainly due to structural economic issues. Japan was added to the list while countries like China, Germany, Malaysia, Singapore, and Vietnam remained. The report also highlighted concerns about China's lack of transparency in currency manipulation and singled out Japan for its recent currency intervention strategies, emphasizing the need for open dialogue and proper negotiation in such actions.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, the Shanghai stock market experienced fluctuations as the real estate market in mainland China weakened and consumer spending sentiments remained low. The Shanghai Composite Index fell by 0.24% to close at 2,998.14 points, dipping below the 3,000-point mark once again after nearly three months. Market analysts predict further volatility within the range of 2,850 to 3,500 points and anticipate a bottoming rebound following the index’s drop below 3,000 points, expected to attract cautious investors.
Source: YAHOO
Reported about 1 year ago
Quanta Display (3481) has been experiencing consecutive losses for the past two years, but with signs of improvement in the panel market in the first half of this year, turning losses into profits remains challenging. To boost profitability, Quanta Display is selling factories, continuing with restructuring efforts, and actively streamlining operations. Despite reducing losses in the first quarter and expectations of further improvement due to rising panel prices and increased shipments in the second quarter, uncertainties remain with the completion of pre-Olympic stocking and lower-than-expected sales during promotional periods. The company's aggressive restructuring actions, including closing inefficient old factories and focusing on high-value non-display products like X-ray sensors and upcoming mass production of FOPLP panel-level packaging, aim to navigate the challenging market conditions.
Source: YAHOO
Reported about 1 year ago
Reported by Lu Shumei and Huang Yanhong/Taipei, June 21, 2024, 4:10 PM. Despite recent record-high stock surges, TSMC shocked the market on the 21st with a NT$28.92 million massive default delivery, marking its first huge default. The Taiwan Stock Exchange announced that the total amount of defaulted deliveries reported by concentrated market securities dealers was NT$44.109 million, with a net amount of NT$38.544 million after offsetting purchases and sales, the second highest single-day amount this year. The main issue stemmed from Hugania TSMC's NT$28.92 million defaulted delivery, reported by Guop Securities Anhe Branch. This year's second case following Kanhon Nankan and Huanan Zhongzheng's NT$26.161 million default on April 12. Insiders revealed the default involved Guop Anhe's foreign clients, with remittances in progress but missing the final reporting deadline due to Taiwan's T+2 trading settlement. TSMC stock hit a historic high of NT$984 on June 19, closing at NT$981, and dropped to NT$970 on the 21st, influenced by TSMC ADR's decline. The government approves extending the investment in Taiwan's three major programs by three years and reveals the 2022 financial tax's four new regulations, with the comprehensive income tax having the most impact based on the news from the Commercial Times.
Source: YAHOO
Reported about 1 year ago
Envirocement held a shareholders' meeting on June 21, 2024, where they discussed plans for future development, including the production of low-carbon cement and lightweight partition materials. The company aims to adapt to ESG trends by applying for product carbon footprint labels for various building materials. In the concrete business, they plan to expand production sites in Chiayi and Tainan by 2025 to enter the TSMC supply chain. Envirocement is also optimizing the Ailian cement plant process to start mass-producing low-carbon limestone cement by the end of the year. Additionally, they continue to develop dry lightweight partition system products like gypsum boards, exterior boards, and roofing materials, as well as research gypsum 100% recycling techniques. Through subsidiary Liyung Global Technology, they are developing flexible MEMS pressure sensing technology for various industries, and have already introduced an AI medical prediction system in a care center in Taiwan with plans for 10,000 units shipment in the U.S. by 2025.
Source: YAHOO
Reported about 1 year ago
During the shareholders' meeting on June 21, 2024, Far EasTone announced plans to go international and expand its scale. With the merger with Asia Pacific Telecom, Far EasTone aims for internationalization and anticipates further growth with the help of AI in the next three years. The company's focus on new economy businesses and the emphasis on AI technology, with significant growth in AI team size, are key strategies. Far EasTone's subsidiary, iBright, is already making strides in international markets, particularly in Hong Kong, Southeast Asia, and Japan, with innovative IT solutions such as 5G telemedicine and ESG initiatives.
Source: YAHOO
Reported about 1 year ago
The Taipei one-Michelin-star restaurant T+T has introduced a new summer menu focusing on delicacies like Black Pig with Cucumber and Apple, Abalone with Bamboo Shoots and Sour Orange, and Shrimp with Wild Ginger Flower and Plum. The menu reflects a shift in the creative process, involving collaboration among the head chef Tsai Yuanshan, executive chef Lee Zhi-zheng, and the kitchen team to enhance flavors, attention to detail, and overall dining experience. The dishes showcase a blend of Southern Asian flavors and are meticulously curated to capture the essence of the region's cuisine.
Source: YAHOO
Reported about 1 year ago
After the NVIDIA AI trend, Taiwan's three major national policies have sparked buying interest in green energy, heavy electronics, and regenerative medicine stocks. The green energy sector saw companies like Yunbao Energy (6869) surging to the daily limit, while companies like Taipower (1611) and Shihlin Electric (1503) also experienced upward movements. With the recent passage of the new regenerative medicine laws, companies like Xunlian (1784) are expected to benefit, entering an era where the global regenerative medicine market is projected to reach $174.7 billion by 2032.
Source: YAHOO
Reported about 1 year ago
Taipei-based construction company Hong-Jing (2527) announced on June 21, 2024, its plan to sign a contract to jointly build the 'K28' factory with NIKKO Holding's subsidiary NIKKO Semiconductor Manufacturing Company in Kaohsiung. The project, with an investment of NT$2.43 billion, is expected to be completed by the fourth quarter of 2026, aiming to boost Hong-Jing's construction revenue. This collaboration includes shared funding and property rights distribution, with NIKKO having a priority purchase option. Hong-Jing also has other development projects ongoing, including residential and commercial properties in various locations like Taoyuan and Hsinchu.
Source: YAHOO
Reported about 1 year ago
Gold Barley (7757) is expected to list on the emerging stock market with a reference price of 168 yuan per share on June 26. The company had a 2023 revenue of 1.946 billion yuan, a 30% annual increase, and a net profit after tax of 231 million yuan, a 90% annual increase, with an EPS of 10.54 yuan. With a paid-in capital of 219 million yuan and 800 employees, Gold Barley operates a chain of restaurants and brands like SUNMAI beer, expanding its presence in Taiwan's dining and beverage market.
Source: YAHOO
Reported about 1 year ago
Star Asia Vision, a subsidiary of Taya Group, will be listed on the over-the-counter market on June 25th at 45 NTD per share, surpassing its parent company. Specializing in digital display systems and visual lighting systems, Star Asia boasts a 5-month order visibility. Taya Chairman Lee Guo-guang is optimistic about the future growth potential within the digital advertising board industry, especially in the US market. Star Asia's unique technologies include proprietary AI color calibration, synchronous transmission, and energy-saving systems, contributing to a significant reduction in energy consumption. With around 1,800 display screens in North America, Star Asia holds promising growth prospects, with analysts estimating a gross profit margin of over 30% and earnings per share exceeding 3.5 NTD for the year.
Source: YAHOO
Reported about 1 year ago
Quanta is reported to have closed its 5.5th generation plant in Nanke by the end of last year and now is in the process of selling the facility to memory giant Micron for approximately NT$18 billion. The equipment is being relocated to another plant with plans to vacate by the end of July. Quanta has refused to comment on the rumors and will continue to focus on core business and transformational development. Share prices soared after news of the sale, with Quanta closing at NT$15.6. Micron's purchase of the plant, amidst Quanta's continual downsizing of facilities and production lines, aims to rapidly expand production capacity and optimize overall operational efficiency.
Source: YAHOO
Reported about 1 year ago
Hong Kong and Singapore are competing to attract global wealthy individuals for residency, with a trend emerging of some mainland Chinese affluent families shifting from Singapore to Hong Kong. This shift is attributed to Singapore's stricter scrutiny of mainland wealthy individuals following a series of money laundering cases, prompting some to set up family offices in Hong Kong instead. With geopolitical risks affecting global wealth migration, a record-breaking 128,000 'millionaire' migrants are expected to leave China, the UK, and India for destinations like the United Arab Emirates, the US, and Singapore. However, recent developments have caused a change in the migration pattern as Singapore cracked down on money laundering, leading some Chinese wealthy individuals to question its suitability for investment and opt for Hong Kong instead.
Source: YAHOO
Reported about 1 year ago
In a report by Tsai Huifang in Taipei on June 21, 2024, at 4:10 pm, Haiyue International (2348) has seen a surge in profits due to robust property market conditions and continuous successful sales of properties nationwide. Their earnings per share (EPS) for the first five months of the year reached 11.02 yuan, closely approaching the full-year EPS of 13.86 yuan in 2023. With earnings surpassing 2 times their share capital over the past 4 quarters, the EPS has reached 21.53 yuan, setting a new profit record. With a portfolio of over 200 billion yuan in nationwide property sales, Haiyue is optimistic about achieving stable monthly revenues exceeding 500 million yuan. Collaborations with developers like Dali (6177) in their self-built project 'Dali Creating the Century' and upcoming projects 'Haiyue Garden' with a total sales value of 1.6 billion yuan in the second half of the year, and the completed development project 'Qingtian Forest' in Nangang with a total sales value of 13 billion yuan with partnerships with Yaxin (5213) and Xinrun (6186) are expected to drive Haiyue's performance to new heights this year.
Source: YAHOO
Reported about 1 year ago
XINPURO (6560) stock price continued to rise on June 21, 2024, opening higher at 46.55 yuan and attracting buying interest to drive the price up to 50 yuan; however, intraday saw sell pressure but specific buying support after 10 am led to a second surge, hitting the daily limit up after 12 pm with a 32% increase. XINPURO aims to enhance its operational capabilities by expanding its product line, expecting to start mass production of medical endoscopes in the second half of this year and actively developing camera modules for drones and autonomous vehicles in partnership with NVIDIA, forecasting better performance this year than last year.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, the US dollar index rose, causing major Asian currencies to weaken. The Japanese Yen dropped below 159 against the US dollar, a first since the end of April, despite attempts by Japanese officials to verbally intervene but failing to boost the Yen. In Taipei's financial market, both stocks and exchange rates retreated on the 21st, with the Taiwan Stock Exchange closing down over 150 points, and the New Taiwan Dollar weakening against the US dollar, hitting close to 32.4 and closing at 32.369, down by 4.1 points. The New Taiwan Dollar has been fluctuating around 32.35 in the past week, affected by the conflicting interests of buyers and sellers, along with dual-directional operations by foreign capital. While the stock market has been setting new highs recently, it remains a crucial force supporting the New Taiwan Dollar, enabling it to decouple from other Asian currencies and maintain a relatively strong performance. The yen's depreciation was expected to suppress the New Taiwan Dollar's performance, but it remained resilient, indicating positive prospects for domestic industries, strong linkage between Taiwan stocks and the US, and the stock market's influence on the foreign exchange market. The focus in the upcoming week will still be on the stock market's themes, with anticipation on whether the US market can drive Taiwan stocks further. If it can attract foreign capital inflows, the New Taiwan Dollar may gradually rise, and the timing near the end of the month may see export firms strengthening their foreign exchange selling pressure, providing support for the New Taiwan Dollar as it approaches testing the 32.25 mark.
Source: YAHOO
Reported about 1 year ago
ASUS is actively integrating resources in cloud, computing power, AI software, and hardware to delve deeper into the field of smart healthcare/health, following its collaboration two years ago with NHIA and NVIDIA to establish 'National Health Number.' ASUS announced a new partnership with NHIA through a public-private partnership to accelerate the development and application of medical information technology and biomedical big data, aiming to create a successful model unique to Taiwan and establish a complete ecosystem. The progress of this cooperation is expected to have a clearer direction by August, potentially replicating its success in overseas markets to align with Taiwan's Ministry of Health and Welfare's New Southbound Policy. ASUS has demonstrated considerable strength in the smart healthcare field in recent years, from infrastructure technologies like AI computing private clouds and public cloud services to next-generation medical information platforms like xHIS and related smart medical services. ASUS is focusing on scaling up and popularizing xHIS for small and medium-sized medical institutions, especially those below the regional level. Moreover, ASUS's advancements in digital data platform technologies, such as the National Health Insurance pre-approval platform and Lumos medical big data platform, signify its commitment to advancing Taiwan's medical information technology industry.
Source: YAHOO
Reported about 1 year ago
全家便利商店举行股东常会，选出15名新董事并推选董事长继任。董事长表示，零售业已进入跨界、跨业的深水区竞争，计划稳健地每年增加150家新店铺。报告显示2023年度全年合并营收达996.1亿元，年增9.77％；母公司净利下降12.4％至16.1亿元，计划派发5.8元现金股利。未来发展方向包括成为跨产业便利生活服务平台，优化消费者体验，提升便利性，并实施永续理念。
Source: YAHOO
Reported about 1 year ago
Weiqiaoyi/Taipei Report: On June 21, 2024, at 4:10 pm, Financial Supervisory Commission Chairman Peng Jinlong aims to make Taiwan Asia's asset management center, with specific plans expected to be presented in August. Peng stressed the need for five key infrastructure developments for success. The Banking Bureau director Chuang Chiuyuan revealed plans to relax more restrictions on financial management and private banking products, including premium financing, policy loans, and speeding up new product approvals. Initiatives include enhancing professional manpower, exchange rate controls, attractive tax systems, communication environments, and flexible organizational structures.
Source: YAHOO
Reported about 1 year ago
In May of last year, the World Chinese Religion Research Association held its founding meeting at National Chengchi University, aiming to promote interdisciplinary research in humanities and natural sciences, integrate resources from various sectors, and enhance the image of Taiwan's religion. Cai Junwei, the current vice chairman of the association, transitioned from being a spokesperson for a political figure to speaking for deities, focusing on promoting and preserving religious culture. He has visited over 70 temples within a year and become a consultant for two temples, providing services based on their specific needs.
Source: YAHOO
Reported about 1 year ago
Champion Building Materials, the largest ceramic tile design and production group in the country, announced the grand opening of the brand-new Bamboo Sprout District brand image gallery, integrating its Champion Tiles, Marazzi Tiles, Anxinju Imported Tiles, and Anxinju SPC premium floor brands. The opening ceremony attracted numerous dignitaries, and showcased the commitment of Champion Building Materials to sustainable operation through green building materials and green production processes, leading the ceramic industry's development with ESG sustainable operation reports and efforts towards green buildings and energy efficiency.
Source: YAHOO