Reported 10 months ago
On June 17, 2024, at 4:10 p.m., Lixin International (5202) opened at 19.4 yuan, oscillating around the flat plate for about an hour after opening, before a large single order pushed it up, hitting the limit up and closing at 21.15 yuan. The trading volume for the day surged to 1570 shares, a 60% increase from the previous day. Lixin International's revenue for May was 10 million yuan, a year-on-year decrease of 29.14%, with accumulated revenue for the first five months reaching 59.8 million yuan, a 9.37% increase from last year. The company specializes in OCR optical recognition technology, integrating artificial intelligence functions and technologies into existing products. Its main products include AI-OCR document recognition systems, GenAI-OCR enterprise document recognition systems, and electronic signature solutions.
Source: YAHOO
Reported 10 months ago
H3C and Sharp have signed a strategic cooperation memorandum of understanding (MOU) to collaborate in expanding overseas markets, focusing on the Asia-Pacific region, including Taiwan, Japan, and Southeast Asia. They aim to seize opportunities in the IT/OT service, ESG, and AIoT markets, particularly in smart retail, new energy, and smart building sectors. Through resource integration and leveraging Sharp's global brand awareness and customer resources, the alliance seeks to enhance market competitiveness by providing more valuable solutions, benefiting from each other's strengths, and creating a win-win situation.
Source: YAHOO
Reported 10 months ago
In a report from Kaohsiung on June 17, 2024, recent fluctuations in the international price of nickel, a key raw material for stainless steel, have dropped below $18,000 per ton on the 14th. At the same time, the quoted price for Indonesian stainless steel coils to Taiwan has been revised downwards, making it difficult for domestic stainless steel factories to sustain prices. Rising shipping costs due to geopolitical tensions are also impacting stainless steel demand, leading industry players to fear an interruption in the continuous price hikes seen in stainless steel this year by the end of June. The stainless steel market has been seeing gradual increases in prices due to the surge in nickel prices. However, this upward trend may face a pause as nickel ore prices have started to decline recently, dropping by as much as 18.78% in less than a month. This, along with reduced demand, is causing concerns for the stainless steel industry, affecting exports due to ongoing geopolitical risks. Red Sea crisis continues to raise shipping costs, leading traders to be cautious in taking orders. Looking ahead, maintaining current price levels may be the optimal scenario.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, at 4:10 PM, nearly 7,000 graduates were bid farewell by Yangming University and NCTU with the theme of 'beyond' as the main focus. The ceremony featured a blend of different cultures, with medical graduate Hong Chen-hao delivering a speech in Taiwanese dialect, and Ukrainian student Maria Lenotieva expressing gratitude for Taiwan and the universities' support during the Russo-Ukrainian war. Speakers included Lin Ching-yung, founder and CEO of Graphen AI, ex-US Secretary of Labor Elaine Chao and her father James Chao, and renowned author Dr. Hou Wen-yung, who shared insights on achieving global vision, precision, and networking for a successful life. They encouraged graduates to remain humble, grateful, and resilient in facing challenges and contributing to society.
Source: YAHOO
Reported 10 months ago
UMC, a major IC designer, has secured a large order from LG Display, indicating a promising future in OLED driver IC market. They are expected to expand into more Apple product lines, including supplying OLED driver ICs for the upcoming iPhone 16. Ilitek, a touch IC supplier, is experiencing remarkable growth in smartphone shipments with predictions of delivering 1.5 to 2 million touch panels in H1. Both companies are benefiting from the increasing adoption of touch technology by Apple, Microsoft, and Google. Foreign reports suggest Ilitek's laptop products will see accelerated growth in H2, with the AI PC segment as a potential driver for structural changes and continued positive performance over the next few years.
Source: YAHOO
Reported 10 months ago
In response to carbon taxation and to deepen their advantage in green operations, a precast concrete factory of domestic building materials announced on June 17, 2024, that the entire group has collaborated with upstream suppliers like Taiwanese sand and gravel manufacturers to obtain the 'Scope 3' international certification in carbon inventory verification from DNV, an internationally accredited greenhouse gas inspection agency. This certification is expected to significantly aid in securing orders from technology plants and green building clients. The boundary of this carbon inventory verification includes all branches of the domestic building materials industry in Taiwan, 28 concrete plants across Taiwan, and important related enterprises such as HP, Taipei Port Trade, Guoyu Building Materials, and Guoxing Cement. This achievement in certification aims to enhance the group's carbon competitiveness and operational advantage, satisfying the needs of advanced technology plants as well as aiding the entire construction industry in transitioning towards low-carbon buildings.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, National Tsing Hua University held its 2024 graduation ceremony, where President Gao Wei-Yuan encouraged students to have confidence, believe in themselves, and bravely make their next life choices. Renowned international star Dr. Lin Qingxia, who gave a speech at the ceremony, rare shared her past struggles with self-doubt and insecurity and shared her insights on happiness with the graduates. She emphasized the importance of taking hobbies seriously and continuous learning for happiness. Tsing Hua University graduated a total of 5,295 students this year, with 2,337 receiving bachelor's degrees, 2,615 receiving master's degrees, and 343 obtaining doctoral degrees. Lin Qingxia advised graduates to pursue their dreams early, find inner happiness, and spread happiness to make the world beautiful. Overall, the event aimed to inspire graduates to follow their passion and value self-discovery for a fulfilling life.
Source: YAHOO
Reported 10 months ago
Ding Ji (6585) is accelerating its operations in 2024, with momentum in shipments of medical, automotive, mobile, and explosion-proof niche products. The company's revenue is steadily advancing, especially with strong demand for medical products leading to the signing of a four-year long-term contract with customers, potentially doubling shipments. Ding Ji has successfully expanded into the U.S. niche market, increasing revenue contribution from 22.9% in 2022 to 31.86% last year. Furthermore, their high-function film used in mobile phones has penetrated the Apple iPhone supply chain, boosting its electronics revenue. The company anticipates significant growth in the automotive sector and expects a surge in orders for explosion-proof products and electronics components. Besides focusing on Europe, Southeast Asia, and emerging markets expansion, Ding Ji aims to broaden its product applications towards high value-added and diversified materials. Another company, Ba Guan (1342), is facing challenges in revenue growth due to slowing visibility in outdoor and medical product orders. Despite this, the firm's defense and aerospace product orders remain robust, forecasting over 50% growth in defense products and a 30% annual increase in aerospace product shipments. Ba Guan specializes in processing and selling TPU functional fabric products and components, mainly used in high-end medical, aerospace, rescue, and outdoor industries, targeting markets in the Americas, Europe, and Asia. The global aviation industry's prosperity is driving strong demand for aircraft manufacturers.
Source: YAHOO
Reported 10 months ago
Yanghua (3622) benefited from Taiwan Power Company’s robust grid plan, resulting in increased performance in the second quarter, particularly in the production of cable terminal boxes and connectors. With an order production cycle of approximately 3-4 months, Yanghua's visibility extends to the end of the third quarter, expecting the second quarter to be the peak of the year. May's consolidated revenue surged to 223 million Yuan, marking a 95.61% monthly growth and a 57.73% yearly growth, attracting foreign and individual investors and driving stock prices to a record high. Yanghua's main electrical products enjoy significant market share in Taiwan's major cable factories, and outlook remains positive for the foreseeable future.
Source: YAHOO
Reported 10 months ago
Institutional investors intervened, causing 16 lagging stocks like Largan Precision to rebound strongly. Despite a 25% increase in the Taiwan stock market and a market value surge exceeding 14.7 trillion NTD this year, around 350 of the listed stocks have faced declining market value and lagging stock performance. With positive operational fundamentals emerging, former stock champions such as UMC and Largan Precision led the rebound, and a total of 16 listed stocks received institutional support on the 17th, resulting in significant price hikes. The TWSE will hold a press conference next Monday (24th) to announce measures to boost Taiwan's market value, with companies facing continual declines this year likely to draw attention. Industry experts emphasized the importance of stock prices aligning with fundamentals and suggested keeping an eye on stocks with improving fundamentals for strategic investment opportunities.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, at 4:10 pm, the Financial Supervisory Commission emphasized that according to the financial holding company regulations, Taiwan New Taiwan Financial cannot recognize New Life Private Equity Fund, even if it wants to recognize New Kin Private Equity Fund. Market speculations suggested a possible merger between Taiwan New Taiwan Financial and New Kin Financial, resulting in a canceled meeting on the 17th. FSC stressed the need for prior approval if there is an intention for a merger, and New Kin Financial emphasized focusing on material company information. Progress towards a merger between the two financial holding companies seems to be quietly advancing.
Source: YAHOO
Reported 10 months ago
Yuanta Life is hosting a seminar titled 'Trust Pointing Gold, Opening a Wealthy Life' to help customers understand the benefits of insurance fund trusts and how they can ensure the proper use of insurance payouts for minors or individuals with disabilities. By combining insurance and trust services, Yuanta Life aims to provide comprehensive financial protection and prevent misuse of insurance funds, ultimately promoting financial security and fair treatment for all. The seminar received positive feedback from over 60 interested customers, showcasing the company's dedication to promoting insurance protection and financial well-being.
Source: YAHOO
Reported 10 months ago
Infineon, a semiconductor giant in power and IoT, announced the launch of the 'Advanced Automotive and Wireless Communication Semiconductor Research Partner Development Program' in Taiwan, with an estimated total investment of NTD 1.2 billion. The initiative aims to upgrade the existing wireless communication R&D lab in Taiwan to establish the 'Infineon Advanced Automotive and Wireless Communication Semiconductor R&D Center,' fostering collaborations with local industry partners to develop automotive-grade communication chips and innovative solutions. This expansion is expected to benefit MCU and power management IC manufacturers and enhance Taiwan's visibility in the global semiconductor supply chain, focusing on fostering talent in automotive and wireless technologies.
Source: YAHOO
Reported 10 months ago
During the shareholder meeting of Evergreen Aviation on June 17, 2024, WealthTek represented by its subsidiary DingChuang Company, acquired four director seats, marking its entry into the drone market. WealthTek's industrial and automotive products group general manager, Xu Meilun, became the new chairman of Evergreen, with former chairman Luo Zhengfang now serving as CEO and general manager. Luo emphasized WealthTek's support in AI drone development, highlighted their strengths in wireless RF PCBs, consumer electronics, sensors, and supply chain capabilities, and mentioned collaborative opportunities in military-grade drones and component production efficiency.
Source: YAHOO
Reported 10 months ago
Cloud computing and artificial intelligence (AI) have fueled the demand for large data centers, with Malaysia emerging as a powerhouse in Southeast Asia due to its low energy and land costs, as well as favorable policies. Over the past few years, Malaysia has attracted billions of dollars in data center investments, including from tech giants like Google, NVIDIA, and Microsoft. The city of Johor Bahru, adjacent to Singapore, is poised to surpass Singapore and become the largest data center market in Southeast Asia. As the global demand for data centers continues to grow, emerging markets like Malaysia with advantages in energy and land costs are attracting increasing foreign investments.
Source: YAHOO
Reported 10 months ago
Taiwan stock market saw fluctuation on June 17 with TSMC holding steady, ending with slight decrease of 8.19 points to 22,496.53 points. Taiwan futures closed on Monday with a decrease of 33 points at 22,477 points, marking a reverse price difference of 19.53 points. Foreign investors increased short positions while specific institutional investors reduced their net short positions. Options market showed a bearish sentiment. US market remains extreme, with only Nasdaq showing gains. In Taiwan, industrial stocks performed better while construction and electrical cables experienced the heaviest declines. Semiconductor and AI stocks varied, with TSMC still showing strength and potential for index highs in the short term.
Source: YAHOO
Reported 10 months ago
Stocks related to pandemic prevention have regained momentum with the resurgence of COVID-19, particularly driven by themes related to the pandemic. Companies like Hengdian Group, ABC-KY, Shenghua Tech, and Yongxin have seen their stocks surge. The biotech and medical sector has experienced a significant increase, with stock indices rising sharply. As concerns grow over the Omicron variant, companies producing masks, cleaning products, rapid test kits, and vaccines have all benefited from the positive market response. Investors have shifted focus towards the healthcare sector amid the rise in confirmed cases, leading to a notable uptrend in stock prices across various companies.
Source: YAHOO
Reported 10 months ago
Yongfeng Futures analyst Gao Binghong provided, and Huang Yanhong organized on June 17, 2024, after the Dragon Boat Festival, the Taiwan stock market saw strong buying momentum with daily record highs. In the first week after the festival, the market rose by 646 points, with TSMC (2330) contributing nearly 370 points to the market. With the market continuously hitting new highs, investors considering overvaluation may opt to hedge using index futures. Observing ETFs, the Taiwan stock ETF size reached 2.25 trillion yuan last week, indicating that investors are diversifying their investments amidst the bullish market by using ETFs. As the Fed hinted at a rate cut this year and the possibility of further cuts, tech stocks continued to heat up, with Apple standing out post-developer conference. Investors can consider related topics to Apple to find undervalued targets for rebound opportunities, such as memory manufacturer Macronix and hardware board company Wah Lee, both having lower stock prices recently and potential for rebound. Taiwan's market outperformed Japan and South Korea on the 17th, with the Bank of Japan hinting at maintaining rates but not ruling out a hike in July, and revealing plans to announce bond purchase reductions next month. The market interprets that the Bank of Japan's actions aim to stabilize the yen and awaits the US rate cut. Giga-Byte to showcase 5G network and AI strength, World Bank reduces growth expectations for China in the next year, optimistic about economic recovery unaffected by the pandemic, and the Australian Central Bank's earliest possible QE exit by February next year.
Source: YAHOO
Reported 10 months ago
Taiwan Business Bank coordinated the syndicated loan of NT$3.509 billion for Realistic Senhuo Co., Ltd., successfully completing the fundraising and signing the loan contract yesterday. The loan was led by Taiwan Business Bank and involved multiple banks such as Agribank, Land Bank, Mega Bank, and Chang Hwa Bank, to support the funding needed for the construction of the Realistic Transfer Station BOT project. The transfer station, located in Tainan City, will have two development phases and include a complex transport building with various functions like retail, dining, leisure, and office spaces.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, game company Huayi International announced plans to transition from being a game agent to a game operator and developer, aiming to create a comprehensive game platform. With main revenues currently from game agency, their upcoming strategies include expanding game projects, developing their own games, strengthening player communities, and engaging in various entertainment projects. Huayi International also plans to establish an art team for internal development needs and external collaborations. They reported a revenue of 660 million NT dollars from January to May 2024, a 24.3% increase from the previous year.
Source: YAHOO
Reported 10 months ago
Recently, the long-standing machinery and electronics company, Delta Electronics (2371), has attracted market attention due to its heavy electrical products, as its stock price has surged from NT$42 at the beginning of the year to NT$60.6, a 42.8% increase. On June 17, it was reported that the U.S. Energy Envoy and former governor of Arkansas, Mike Huckabee, visited Delta Electronics and invited them to set up a factory in the U.S., leading to a half daily limit increase in Delta's stock price. With Taiwan's Strong and Resilient Power Grid Plan releasing orders worth billions over the past few months and the U.S.'s trillion-dollar infrastructure plan, there is a significant growth potential for Delta's revenue, with an estimated total order size for Delta exceeding NT$100 billion this year.
Source: YAHOO
Reported 10 months ago
Global investment sentiment is high, especially with the stock markets in Japan and India showing promising performance. HanAsia Investments believes that despite the recent gains in these markets, positive factors are still playing out which could lead to further upside potential. They recommend positioning in Japanese and Indian stock funds to capitalize on future market trends. HanAsia Investments recently held their 2024 HanAsia Investment Summit with a theme focusing on deepening investments for a more promising future. They highlight the strong growth in AI topics, the semiconductor industry's revenue surge, and the emergence of another golden decade in the markets. HanAsia is optimistic about the future prospects of both Indian and Japanese stock markets, with a particular emphasis on Indian growth supported by population advantages, policies, and manufacturing developments. HanAsia's Japan Dynamic Stock Fund manager, Ivailo Dikov, sees several factors supporting the continued upward momentum of Japanese stocks, such as attractive valuations for contrarian investors, ongoing corporate financial restructuring, the end of deflationary trends, and robust corporate capital expenditures. The fund is strategically increasing holdings in commodities, Japanese domestic demand, and industrial sectors to provide investors with relatively inexpensive yet growth-oriented stocks. The India fund manager, Lin Ting-Zhang, points out the visible economic growth in India with changing consumer habits, increasing sales of high-end consumer goods, and positive trends in employment, wage growth, and consumer confidence. The fund focuses on the strong domestic demand momentum in India with a preference for cyclically sensitive consumer, financial, and information technology sectors, leaning towards large-cap and market-leading stocks for excess returns. This fund is the first domestic Indian stock fund in Taiwan, established in 2005, and has surpassed NT$15 billion in size as of the end of May, making it the largest domestic Indian stock fund in Taiwan.
Source: YAHOO
Reported 10 months ago
金管會主委彭金隆表示，市場監理將以「以法律人、以理服人」的八字原則為依據，強調透明監理和用道理讓人信服。他希望建立安全與發展並進的金融市場，強調金融業應尋找新空間才能擴大。金管會期許協助金融業發展並回饋社會，彭金隆著重於戒慎作決定，強調年近60的他對未來不感恐懼。
Source: YAHOO
Reported 10 months ago
More people are investing in travel insurance due to concerns about emergency medical care while abroad. The Financial Supervisory Commission has announced a reduction in the death and disability insurance rates for travel insurance starting from July 1, with insurance premiums potentially decreasing by around 10%. This adjustment is aimed at providing more affordable and comprehensive protection for travelers, especially in the midst of the ongoing pandemic. Several insurance companies are adapting their policies to accommodate the increasing demand for travel insurance, with a particular focus on medical coverage and protection against unforeseen events during trips.
Source: YAHOO
Reported 10 months ago
President Tsai Ing-wen met with directors of the Business and Industry Association on June 17, 2024, and outlined the new government's three major industrial policy directions to boost the economy, urging companies to increase employee wages to address stagnant salaries. She also suggested setting up childcare facilities and employee dormitories. Tsai expressed the importance of cooperation between businesses and the government in promoting policies such as smart technology and eco-friendly transformation to improve the quality of life for the people in Taiwan. Additionally, Tsai emphasized the need for outstanding business talents to join the government to help solve business-related issues and advance national economic development, ensuring alignment between policy implementation and outcomes.
Source: YAHOO