Reported about 1 year ago
The extension of the decommission date for the No. 1 unit of the Formosa Plastics Miaoli Power Plant, originally scheduled for June but extended to next year, has sparked controversy. The Minister of Economic Affairs, Wang Mei-Chin, stated that the extension is necessary to fulfill the contract due to the unfulfilled amount of electricity during the pandemic. Taiwan Power Company's spokesperson emphasized that the power reduction until 2025 is in line with contract terms. Although concerns about power shortages have been raised, both parties assure that Taiwan's power supply is well managed and monitored regularly.
Source: YAHOO
Reported about 1 year ago
Dong Jie (8064), a supplier of MicroLED and panel-level packaging equipment to AU Optronics (3481), saw a surge in stock price and trading volume amidst positive prospects for shipments. With the increasing investment in MicroLED by panel manufacturers this year, Dong Jie expects a boost in revenue contribution from equipment such as mass transfer, repair, LED lighting, and laser cutting. As AU Optronics ramps up its panel-level packaging production and embarks on a second-phase investment in the latter half of the year, Dong Jie is poised to benefit. This article also covers Strong March attacking electric vehicles with new products slated for mass production next year, as well as plans for stock market connectivity between China and Switzerland and a storm approaching the real estate sector in mainland China affecting steel and cement industries.
Source: YAHOO
Reported about 1 year ago
Delta Chemical (stock code: 1309) continues to advance into new markets, boosted by May performance, attracting buyers at lower levels, crossing the yearly closing price barrier on June 21st with a closing price of 18.1 yuan, up 8.38%, with trading volume doubling to 13,800 shares. Foreign investors and proprietary traders sold 1,898 and 46 shares respectively. The stock has risen for two consecutive days, reaching a short-term high point with a total increase of 19.08%. The bullish trading volume is strong, and the KD value is trending upward. With ABS and PS markets relatively strong, May revenue increased by 3.9% monthly and 34.88% yearly; revenue for the first five months reached 7.094 billion yuan, up 16.48% annually. The company's business strategy is to expand into non-mainland/Hong Kong markets, maintaining a strong sales network. The second quarter outlook for GPS and EPS is optimistic. These developments were reported by the Business Times.
Source: YAHOO
Reported about 1 year ago
As North American Cloud Service Providers (CSP) rush to build AI data centers, stocks related to silicon photonics are expected to benefit. Companies such as TSMC, IET-KY, Unilumin, UMC, and MediaTek are drawing foreign investors' attention. TSMC's announcement regarding advancing technologies like COUPE and integrating CoWoS and CPO by 2026 is expected to accelerate the growth of the silicon photonics market. Silicon photonics, with its advantages of high speed, high-density integration, and low cost, is projected to increase its market share from 25% to 50% by 2026. The global silicon photonics IC chip market is also forecasted to grow from $68 million in 2022 to $613 million in 2028, mainly driven by data center applications in North America.
Source: YAHOO
Reported about 1 year ago
Panasonic's air purifier, F-P90MH, features the latest 100 times nanoe technology from Japan, releasing 48 trillion OH hydroxide ions per second to quickly suppress harmful substances like PM2.5, mold, and odors. With advanced pet mode for strong dust collection, high suction power, and enhanced CASR by 14%, this device also has a comprehensive 3-stage filtration system for pet odors and allergens. It can even detect formaldehyde levels and display indoor PM2.5 concentration, making clean air visible. Awarded for 13 consecutive years, Panasonic air purifiers continue to be a trusted choice for families looking to safeguard their health and breathe clean air. Promotional gifts are available with the purchase of selected models until August 20.
Source: YAHOO
Reported about 1 year ago
Taiwanese company Darfon (8163) held an extraordinary board meeting on June 21, 2024, where they approved a strategic cooperation with Germany's GROFA Action Sports GmbH. By acquiring 100% of GROFA's shares within a total amount not exceeding 37 million euros, Darfon aims to expand its European bicycle platform and quickly enter the European E-Mobility market. GROFA, founded in 1980, is a professional agent for bicycles, electric bikes (E-Bikes), components, sporting goods, and electronic products in Germany, Austria, Belgium, the Netherlands, Luxembourg, and more, representing 27 global sports brands. This acquisition marks Darfon's expansion into Germany's rich cycling culture and their strategy to enhance sales and services in green energy business in Europe.
Source: YAHOO
Reported about 1 year ago
Chairman Zhang Yunpeng of Hua Nan Financial Holding Company announced a three-year plan at the shareholders' meeting, aiming to improve earnings per share (EPS) ranking and increase non-bank subsidiary profits. State-owned financial holdings like Hua Nan Financial and First Financial are open to mergers with interests in AI industry and businesses that can enhance competitiveness. The companies are focusing on capital efficiency and complementary mergers for effective performance in the market.
Source: YAHOO
Reported about 1 year ago
Dah Sin Industrial (1315) is considering establishing another garment manufacturing base, this time in Bangladesh, following its factories in Vietnam and Myanmar. The main reason is Bangladesh's export of rain and outerwear to the EU, which qualifies for duty-free benefits. Dah Sin is planning to visit Bangladesh on July 8 to inspect potential factory locations. At the shareholders' meeting held on June 21, Chairman Wu Zicong and General Manager Chen Yiqian reported that the company aims for a total revenue of 2.3 billion NTD this year, with the Taiwan factory targeting 1.96 billion NTD. Future strategies include acquiring new customers and orders, expanding overseas production bases, optimizing production with new equipment, and enhancing automation to boost efficiency, all while focusing on sustainable operations in the face of global economic challenges and various risks.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, the US, European countries, and allies targeted China's new energy vehicle subsidy policy by announcing new tariffs. Although Canada has a low market share, reports suggest they might follow suit in imposing tariffs on imported Chinese electric vehicles. Facing industry criticism, US Treasury Secretary Janet Yellen defended the tariff policy. In response to domestic and international pressures, Canadian Prime Minister Justin Trudeau is seeking alignment with the US and Europe to potentially impose tariffs on Chinese electric vehicles, which may impact China's exports to Canada.
Source: YAHOO
Reported about 1 year ago
The editorial discusses the impact of external variables on inflation in Taiwan, emphasizing the importance of the government's role in preventing adverse effects. Despite lower-than-expected inflation rates compared to other countries, the steady increase in consumer prices, influenced by factors like core prices rising and recent global events, points towards a potential four-year period of inflation exceeding the norm for the majority of citizens. The government's recent measures, including extending tax relief, aim to stabilize prices in the face of ongoing inflation concerns. Furthermore, the editorial highlights the historical impact of geopolitical tensions and conflict events, such as wars affecting global commodity prices, stressing the need for proactive strategies to mitigate repercussions on Taiwan's economy.
Source: YAHOO
Reported about 1 year ago
Taiwan Stock Exchange plans to launch a market value enhancement program, prompting group stocks like Formosa Plastics, Far Eastern Group, etc., which have lagged behind the market this year, to respond proactively. As the main tech companies such as TSMC and Foxconn have been driving the stock market's growth, with the highest market capitalization reaching 74.84 trillion NT dollars, the focus is shifting towards group stocks for the upcoming quarter-end accounting season. Among the 17 group stocks, including MediaTek and Nan Ya, are expected to lead the charge in this bullish trend, with potential benefits from the market value enhancement program and cross-holding optimization strategies.
Source: YAHOO
Reported about 1 year ago
The Engaging the Market (OTC) saw two new recruits with impressive performance this week, with New Dynasty and Century Prosperity taking the top spots with increases of 139.98% and 71.76%, respectively. The OTC market had a significant number of stocks maintaining positive momentum this week, with over half showing gains. As the market witnessed a surge in funds led by large-cap stocks like TSMC, there is anticipation of a shift towards mid and small-cap stocks in the second half of the year, boosting the OTC market. Noteworthy performers in the OTC market this week include New Dynasty, Century Prosperity, and more, with gains ranging from 17.12% to 139.98%.
Source: YAHOO
Reported about 1 year ago
During the shareholders' meeting on June 21, 2024, Taiwan Mobile set a new goal of surpassing Chunghwa Telecom in 'EPS' and regaining the position of the 'profit per share champion' in the telecom sector within three to five years. The company's chairman, Cai Mingzhong, emphasized focusing on AI development, transitioning to 5.5G technology while preparing for 6G advancements, and aiming for significant profit growth through enhanced dividends. Taiwan Mobile's financial performance has shown improvement after merging with Taiwan Star, with a positive outlook for the future.
Source: YAHOO
Reported about 1 year ago
A report by the Center for Strategic and International Studies (CSIS) reveals that China has invested at least $230.8 billion over the past decade in developing the electric vehicle industry. This includes government support equivalent to 18.8% of electric vehicle sales from 2009 to 2023. Analysts point out that while China's support for the industry has decreased to just over 11% of sales in 2023, it still surpasses Western efforts. Despite advancements, China's electric vehicle market faces challenges like profitability despite extensive government support and market growth. The US government under the Biden administration has allocated $370 billion to promote clean technology, including significant incentives for electric vehicle purchases.
Source: YAHOO
Reported about 1 year ago
During an interview on June 21, 2024, Chairman of Pegatron, Tong Tzai-Xian, who was appointed as the Vice Convener of the 'National Committee on Climate Change Strategies' by President Lai Ching-Te, highlighted the importance of stable power supply in three key areas - electric vehicles, AI, and chip manufacturing. Tong stressed the need to reduce carbon emissions while ensuring stable electricity supply with good cost control. He also emphasized the importance of energy options benefiting Taiwan and discussed the significant impact of electricity usage increases in these sectors on the country's competitiveness. Tong has been vocal about energy issues, advocating for cleaner energy sources recognized internationally and emphasizing the importance of nuclear energy policy regardless of political affiliations. Tong's remarks were made during the Economic Daily News 50th-anniversary event.
Source: YAHOO
Reported about 1 year ago
Xu Dashun, the owner of the Yungching Real Estate Pingtung Station Front franchise, emphasizes the importance of carefully examining the current condition of a second-hand house before purchasing for residential use. He advises buyers to thoroughly read the property description to check for any issues like leaks mentioned. It is crucial to entrust a trustworthy real estate agent to avoid unpleasant surprises, as exemplified by a situation where a property was found to have a dark past of a suicide attempt but was concealed by the owner. By refusing to handle such a transaction, Xu gained trust from the owner, who later entrusted him with finding a new property and recommended his services to others for their real estate transactions.
Source: YAHOO
Reported about 1 year ago
Wei Qiaoyi/Taipei reports that by 2026, the life insurance industry will align with the IFRS17 and TW-ICS. Large life insurers are seeking to continue using the current 'overlay method' to maintain stock investments and financial stability. Chairman of the FSC, Peng Jinlong, pointed out that if aligning with IFRS17, the conditions for using the overlay method would not exist at that time. He emphasized the need for careful consideration before making significant adjustments. Peng remains optimistic about the alignment as it has been prepared for years and has the experience of other countries to reference. The industry's push for the overlay method dates back to when life insurance liabilities were governed by IFRS4 before adopting IFRS9 for assets in 2018. The article also discusses the potential impact on accounting practices if the overlay method is not allowed.
Source: YAHOO
Reported about 1 year ago
The TAIEX experienced a significant drop of 152 points to close at 23,253 points due to the volatility in the US stock market caused by the 'quadruple witching day.' Despite this, the market is expected to have the strongest June in history with year-end factors, shareholder meetings, and final sprints for underperforming stocks. However, concerns arose as China released strict laws against 'Taiwan independence,' leading to a drop in futures trading. Positive policies and upcoming events such as a press conference by TWSE chairman Lin Hsiu-Ming on the value of Taiwan's capital market are expected to boost TAIEX performance. External factors like the US stock market and Taiwan-China relations also play key roles in the short-term market corrections. TAIEX futures plummeted due to concerns about the new laws from China and the 'quadruple witching day' in the US stock market. Despite the short-term corrections, positive outlooks from company management during shareholder meetings, a focus on AI-related stocks, and upcoming events from tech giants like NVIDIA and TSMC provide opportunities for investors. Non-tech sectors like Taiwan's major companies also show potential for growth amidst a strong TAIEX and optimistic views on dividends and capital gains.
Source: YAHOO
Reported about 1 year ago
At the shareholders meeting of copper foil manufacturer Golden House (8358) held on June 21, 2024, the company's general manager, Li Sixian, mentioned that with the increasing penetration rate of the new PCIE5 platform and the shipment drive of AI server applications, Golden House's revenue and profit in 2024 are expected to surpass those of 2023. The company has entered the B100 and H100 supply chains, with the GB200 peripherals also introduced. It is anticipated that the contribution of AI servers to Golden House will become evident in the fourth quarter, with overall performance in the second half of the year outpacing the first half. Golden House's specialized copper foil proportion has reached 50%, with further growth expected in the latter half of the year. The company's continuous product improvement is projected to gradually increase profit margins and profitability. Moreover, in response to the tariff reductions in the ECFA for copper foil products, Li Sixian emphasized the importance of product differentiation, stable quality, and technological differences as key factors in material manufacturing competition.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, KGI Asia Investment Strategy Department stated that various central banks around the world have begun easing monetary policies due to slowing economic signs and the need to prevent a recession, potentially bringing an interest rate cut. In this context, the US stock market appears not cheap with the S&P 500 index rising but concentrated among large-cap stocks. Looking ahead to the next half of the year, the Fed's possible shift to a rate cut may present opportunities. They advise keeping an eye on the 'GUIDE' strategy which consists of focusing on Gold, Utilities and AI, Investment Grade bonds, Defensive Stocks, and Eastern Regions. The article elaborates on Gold and Utilities sectors and provides insights on the Chinese and Hong Kong markets with investment themes such as state-owned enterprise reform, economic upturn benefiting operational activities, relaxed property market policies, increasing electricity demand, and expanding business operations overseas.
Source: YAHOO
Reported about 1 year ago
As of June 21, 2024, freight forwarders revealed that the cabin capacity on Europe and America routes is full until July. Carriers have raised rates by about $1,000 in mid-June, but the actual impact remains to be seen. The Shanghai Containerized Freight Index (SCFI) rose by 2.85% to 3,475.6 points, marking an 11-week consecutive increase. While prices are high, the rate hikes on major Europe and America routes have been narrowing. The Mediterranean route increased by 0.14%, while the Europe and America routes increased by 3.55% to 3.87%. With global capacity reaching a historic high of 30,044,051 TEU, the market is closely monitoring the price trends amidst the surge in capacity and rates. Factors such as port strikes and increased demand are contributing to the upward trend in rates on the Europe and America routes.
Source: YAHOO
Reported about 1 year ago
Climate change has intensified heat waves, with extreme high temperatures prompting alerts from the US Midwest to the Northeast this week, breaking records in cities like Boston. Studies show that the global economy may suffer huge losses from extreme heat waves, posing risks to both human health and the economy. Experts warn that as climate change worsens, the economic impact of extreme heat waves will continue to rise, affecting productivity and leading to significant financial losses. Recent analysis also highlights the disproportionate impact on different regions based on wealth, with lower-income areas experiencing greater GDP losses compared to higher-income regions.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, SoftBank founder Masayoshi Son admitted at the annual shareholder meeting that the Vision Fund under SoftBank prematurely sold its stake in NVIDIA. With NVIDIA's soaring stock price, Son estimates that SoftBank missed out on over $150 billion in profit. Son also revealed missed investment opportunities, including failing to invest in NVIDIA when the company's value skyrocketed. Despite this misstep, Son has had successful investments, such as Alibaba and ARM.
Source: YAHOO
Reported about 1 year ago
Following rate cuts by the Swiss National Bank and the Bank of Canada, the European Central Bank (ECB) surprisingly lowered its deposit rate from 4% to 3.75%, marking its first rate cut in five years. With a focus on controlling inflation, the ECB is adjusting its interest rates while the US Federal Open Market Committee (FOMC) has kept its rates unchanged. Apart from interest rate prospects, other signals like early ECB rate cuts benefiting the Eurozone, positive indicators in various countries, upcoming elections in Europe and the UK, China's efforts in addressing the property market issue, and rising copper prices indicate potential investment opportunities. Amid uncertain interest rate outlooks, diversified assets aligned with mainstream trends can help investors navigate market volatility and benefit from rotational opportunities.
Source: YAHOO
Reported about 1 year ago
三陽公司宣布以14億元購入新竹縣湖口鄉的建地，包含29筆建物，總面積約5990坪，為了看好未來房地產市場，公司積極進行資產活化，並計畫將開發新的建案以獲得更高的利潤。
Source: YAHOO