Reported 10 months ago
On June 17, 2024, former Arkansas governor Mike Huckabee visited Delta Electronics in Taiwan, discussing future collaboration on power equipment business opportunities, especially in the solar energy sector. Delta highlighted Arkansas' active development in solar energy and potential business opportunities in power equipment, expressing the intention to deepen cooperation in becoming a key supplier in the power industry. Huckabee also mentioned the increasing population and power demands in the U.S., emphasizing the importance of reliable suppliers like Delta in providing stable power equipment for the market, strengthening the partnership between Delta and Arkansas for future endeavors in the American market.
Source: YAHOO
Reported 10 months ago
As the June off-season approaches and consumers tighten spending before summer vacations, department stores have started mid-year sales earlier than usual. With the industry facing the off-season, most stores experienced a slight decline or barely maintained performance in May compared to the same period last year. However, leading stores like Shin Kong Mitsukoshi saw growth amidst the challenges. In an effort to boost performance for the first half of the year, department stores are launching mid-year sales campaigns and aligning with e-commerce promotions such as the 618 Shopping Festival. By offering various incentives to members and forming partnerships across industries, stores aim to attract more customers during this period.
Source: YAHOO
Reported 10 months ago
In celebration of 15 consecutive years of being the top-selling and most energy-efficient brand, Hitachi Air Conditioner has launched an additional energy-saving subsidy of 1,000 yuan to encourage consumers to replace their old air conditioners at home. Not only can users save on electricity, but they can also enjoy the latest air conditioning technology. The company's series all come standard with freeze wash technology, which effectively removes dust, oil stains, mold, and other substances from the heat exchanger, as well as provides a high level of antibacterial protection. Hitachi Air Conditioner aims to promote energy conservation and environmental protection, aligning with the government's policy towards net zero emissions by 2050.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, at 4:10 pm, with foreign buying interest returning and sectors like semiconductors, AI, and small-cap stocks taking turns to perform, the Taiwan stock index rose above 22,500 points. Factors affecting the market include the latest Fed interest rate decision and economic data from the U.S., with expectations of a rate cut leading to optimism in the financial markets. Strong performance in AI-related stocks, led by companies like NVIDIA and TSMC, continues to drive market momentum and sector rotation dynamics in Taiwan.
Source: YAHOO
Reported 10 months ago
East Sun (1319) has set a record high capital expenditure of 4.2 billion this year, with investments in molds and equipment exceeding 2.5 billion and 700 million, respectively. The company's CEO, Wu Yongxiang, revealed plans to continue expanding with additional land purchases and maintaining high capital expenditure next year. To address urgent production capacity issues, East Sun has invested nearly 1.6 billion in acquiring new land and is planning to build a new production factory and logistics center to increase production capacity by over 30% by the end of the year. The company is actively seeking opportunities to increase capacity to meet customer demands, considering options such as land purchases or rentals, with ongoing efforts to optimize existing facilities and enhance automation to cope with labor shortages.
Source: YAHOO
Reported 10 months ago
With continued strong performance in the AM sector and OEM taking over next year, East Sun is expected to see its revenue and profits rise this year. CEO Wu Yongxiang stated that with the upcoming launch of new energy vehicle models by traditional European, American, and Japanese automakers next year, the OEM market which has been sluggish for over three years is expected to turn around and rise. East Sun's revenue last year was 23.859 billion NT dollars, with a 12.1% year-on-year increase, and a net profit after tax of 3.019 billion NT dollars. Wu is confident that the company's operations will maintain growth momentum for the next three years. East Sun plans to distribute a dividend of 4 NT dollars per share. Wu highlighted the company's financial health, abundant cash reserves, and the strategic investment in new energy vehicle parts production. They are anticipating a significant increase in demand for related OEM parts as the new energy vehicle market expands.
Source: YAHOO
Reported 10 months ago
In order to promote the employment of middle-aged and elderly individuals, Taoyuan, Hsinchu, and Miaoli Sub-Bureau of the Ministry of Labor's Labor Development Bureau is offering subsidies of up to 500,000 NT dollars to encourage companies to hire retired middle-aged and elderly individuals. Companies are invited to apply for the 'Employing Retired Middle-Aged and Elderly Individuals to Pass on Professional Skills and Experience Subsidy Program' before June 30. One such company, Taiwan's Meng En Technology Co., Ltd., has hired a 71-year-old retired manager as an education and training lecturer under this program, demonstrating how retirees can contribute valuable industry knowledge and expertise. This initiative aims to utilize the valuable skills and problem-solving abilities possessed by seasoned veterans even after retirement, encouraging companies to hire retirees over 45 years old to impart their professional skills for government incentives. For more details and applications, interested parties can contact Taoyuan, Hsinchu, and Miaoli Sub-Bureau's Silver Hair Resource Center at (03) 5583-456.
Source: YAHOO
Reported 10 months ago
Peng Jinlong, Chairman of the Financial Supervisory Commission, expressed the importance of acquiring consent rather than resorting to hostile takeovers in financial mergers to obtain 100% ownership on June 17, 2024. Peng stated that while hostile takeovers may be a tactic, ultimately, financial mergers should be agreed upon willingly to ensure competitiveness, legal compliance, shareholder rights, and market stability. He emphasized the necessity of reaching mutual agreement to ensure a smooth merger process, even if initially acquiring over 10% of shares through a public bid. Peng highlighted the significance of international competitiveness for Taiwan's financial institutions and success in internationalization due to the establishment of financial holding companies over the past 20 years. He also mentioned that whilst not discussing specific cases, merging financial holding companies could be a feasible solution according to the Financial Holding Company Act, ensuring support for subsidiaries to maintain sound operations.
Source: YAHOO
Reported 10 months ago
Chang Hwa Bank, in cooperation with Changhua County Government, held a signing ceremony on June 17, 2024, to support the first self-redevelopment project. The project involves renovating a building that had been abandoned for years due to fire damage, with Chang Hwa Bank offering full financing to the landowners. By embracing green finance initiatives, the bank aims to promote urban redevelopment in line with government policies. The project will transform the building into a 26-story residential and commercial complex, enhancing living standards, boosting commerce, and revitalizing the cityscape of Changhua County.
Source: YAHOO
Reported 10 months ago
On June 17, 2024, the Federal Reserve (Fed) chose to hold off on interest rate cuts and reduced expectations for rate cuts this year, even as US inflation continued to cool. The S&P 500 and Nasdaq hit new highs as a result. However, investors exhibited cautious attitudes last week, leading to the largest weekly outflow of US stock funds in 18 months with a net outflow of $21.93 billion. Large funds saw the largest outflow of $14.94 billion, the highest single-week outflow since December 2022. Industry-specific funds saw inflows, especially in the technology sector, while bond funds like US government bond funds and money market funds saw inflows as well.
Source: YAHOO
Reported 10 months ago
Fong Hsing Steel Factory announced on June 17, 2024, that this week's plate prices for reinforcement bars, steel beams, and scrap steel remain unchanged, marking the ninth consecutive week without a price increase. International scrap steel prices have been stable, construction activities have been affected by rainy weather, and the recent housing control measures by the central bank are not expected to significantly impact steel prices. The decision to maintain prices unchanged this week is considered a reasonable move due to stable international raw material prices and good sales performance despite the previous week's unchanged prices. Weather conditions are currently the main factor affecting steel shipment volumes, while the impact of the central bank's measures on housing market demand is seen as limited.
Source: YAHOO
Reported 10 months ago
The implementation of the revised policy reform for actual payment medical insurance, which was originally scheduled to start in July, has been delayed until October 1, 2024. This delay is to allow for a buffer period following discussions with the Insurance Association. Starting from October, new insurance claims for accident and hospitalization coverage must be filed with the original receipts, without retroactive effects. The revised policy also introduces a mechanism for sharing insurance claim losses among companies and limits claim amounts. The revised policy for dividend policies will proceed as planned starting from July 1, focusing on transparent dividend mechanisms and cash flow tests.
Source: YAHOO
Reported 10 months ago
联德控股-KY（4912）计划私募，以并购AI服务器冲压件厂，并已进入议价阶段，最快年底敲定；市场热传的GB200液冷散热模组将于明年第二季量产。在强劲的车用和散热产品需求下，法人预测，联德今年EPS可能挑战8元，明年有机会超过一倍股本。联德将通过私募普通股筹措资金，以并购AI服务器冲压件厂，目标公司年营收约10亿元，利润约1亿元，未来将整合为整体解决方案厂，并计划在台湾或马来西亚独立上市，设定为三至五年内集团营收挑战300亿元的目标。
Source: YAHOO
Reported 10 months ago
After Apple's AI operating system was announced at the Worldwide Developers Conference on June 17, 2024, tech stocks related to Apple saw a significant increase in stock prices compared to AI stocks, with notable gains in Taiwan's Apple supply chain stocks. Seventeen stocks, including leading companies like Foxconn (2360), experienced significant increases with strong foreign investment. Analysts believe that the introduction of the AI system at WWDC will boost iPhone sales and drive upgrades, making tech stocks a hopeful prospect in the second half of the year despite a slight decrease in foreign investment on the 17th.
Source: YAHOO
Reported 10 months ago
In collaboration with South Korean QRAFT Fintech Company, First SinoPac Investment Trust has announced the weekly financial risk sentiment signals (market sentiment indicators) for the US and Taiwan markets. The signals suggest the cash level in response to the risk outlook for the upcoming week, indicating a bullish market sentiment for both US and Taiwan stocks. Factors affecting the US market signal this week include low volatility in the S&P 500 index, soft economic data, and the correlation shift between short-term interest rates and commodities, reflecting positive investor sentiment towards future inflation and economic growth. Similarly, in Taiwan, the stock market showed bullish momentum last week with the central bank not raising interest rates but unexpectedly escalating the New Taiwan Dollar reserve requirement to manage market liquidity flow into real estate, signaling a positive outlook on economic stability and growth potential. The AI market risk sentiment signals do not show significant risks that require attention or adjustments to investment portfolio risk allocation, maintaining a bullish outlook in both markets.
Source: YAHOO
Reported 10 months ago
The patent system aims to promote industrial development, and the transparency and sharing characteristics of patent specifications contribute to achieving various Sustainable Development Goals (SDGs) set by the United Nations, such as equality, health, and environmental protection. Incorporating environmental protection, social responsibility, and corporate governance (ESG) has become one of the ways to realize SDGs. Supporting startups in obtaining patents and implementing sound intellectual property management can not only boost the development of new industries but also serve as a driving force for sustainable expansion of ESG and SDGs. The Active Patent Examination initiative introduced by Taiwan's Intellectual Property Office allows startups to expedite the patent application process, helping them establish intellectual property portfolios swiftly and enhancing their intellectual assets for business growth and reputation enhancement.
Source: YAHOO
Reported 10 months ago
CIP's regional president, Hsu Nai-wen, announced that the Jing-Miao offshore wind farm has signed contracts for underwater foundations supply, transportation, and installation, marking the first offshore wind farm to sign the final contract for underwater foundations in the 3-1 phase. The project is moving into the CPPA market mechanism and aims to be fully completed and grid-connected by 2027, showcasing Taiwan's commitment to green energy. CIP is collaborating with several companies to achieve this goal, emphasizing the importance of offshore wind energy for Taiwan's energy future.
Source: YAHOO
Reported 10 months ago
Taiwan's stock market has been performing well recently, with 112 stock funds seeing their net asset values hit record highs by June 14, leading to profits for more than 450,000 investors. Six funds have achieved over 2000% returns since their establishment. Experts advise investors to focus on stock selection and consider actively managed Taiwan stock funds to capitalize on the upward trend. Strong economic fundamentals and industrial structure make Taiwan stocks attractive to foreign investors, with the tech and traditional industries showing growth potential. Factors such as loose monetary policies and upcoming US presidential elections are expected to support a bullish market trend in the second half of the year, particularly in technology stocks related to AI.
Source: YAHOO
Reported 10 months ago
According to the latest report from automotive data research website iSeeCars on June 17, 2024, secondhand electric car prices are continuing to decline, with an average selling price thousands of dollars cheaper than gasoline-powered cars. The report indicates that the price gap between used electric cars and gasoline cars has widened significantly, with used electric cars experiencing a price drop of 30-39% in the past year, while used gasoline cars only saw a 3-7% decrease. Reasons for this trend include a greater supply of used electric cars on the market, decreasing consumer interest in electric vehicles, and actions by companies like Tesla reducing prices to meet market demand.
Source: YAHOO
Reported 10 months ago
Established in 2024 by Li Shuilian on June 17th, Yuanxiang has been providing solutions for chip removal and filtering in various milling composite machines. The company has a loyal customer base, including 70% of the major Japanese brands producing composite machines, and covering 90% of imported machines in Taiwan with chip removal and filtering systems. Yuanxiang has recently developed an upgraded version of the smart and energy-efficient chip removal machine, marketed domestically under the trademark 'Conbay Expert' with an early-bird discount for 1,000 units. The newly launched drum single-track filtering chip removal machine has attracted nearly 300 orders since its release, showcasing the company's value creation and establishing itself as a provider of chip removal solutions. With features like compact size, energy-saving, and automated chip discharge, emphasizing on electricity conservation and labor efficiency, the machine has gained popularity in the industry with its unique filtering capabilities catering to both oil-based and water-based filaments.
Source: YAHOO
Reported 10 months ago
According to the Ministry of Finance, recent discussions on the hot real estate market point to Taichung, New Taipei, and Taoyuan as areas with significant increases in land value tax and individual housing tax. Notably, Taichung led the way in May with the highest individual housing tax collection at 10.94 billion NT dollars, followed closely by New Taipei at 10.51 billion NT dollars, making them the only two cities with individual housing tax collections exceeding 10 billion NT dollars in a single month. Various factors such as economic improvement, stock market growth, and policy housing loans have contributed to the current heated real estate market trend, with notable increases in tax revenues reflecting the uptrend in property transactions.
Source: YAHOO
Reported 10 months ago
全福公司董事長林群宣布公司將以技轉、新藥臨床雙軌並進策略布局，擬斥資4億元取得工研院授權移轉青光眼眼滴劑及濕式黃斑部病變眼滴劑兩項新藥的開發權。公司總經理徐文祺也指出，全福新藥BRM421已送交FDA審查，當他新藥BRM424正等待通過美國FDA試驗設計變更後將於今年第三季展開二期臨床試驗，而BRM521新藥則透過AI技術選出5個優化新胜*進行後續實驗。林群表示公司致力於眼科藥品研發，並籌資取得更多新藥，以完善眼部疾病治療領域。
Source: YAHOO
Reported 10 months ago
Neel Kashkari, well-known hawkish official of the Federal Reserve (Fed) and President of the Minneapolis Fed, stated in an interview on June 16 that if the Fed only cuts rates once this year, a rate cut in December would be a reasonable prediction. The market's decreasing expectations for rate cuts have supported the US dollar index, which reached a high of 105.65 on June 17, marking a 0.1% increase. Despite some internal dissent, including Kashkari's views, the Fed remains predominantly hawkish in its stance towards inflation and interest rates.
Source: YAHOO
Reported 10 months ago
As the AI boom continues, global investors are actively pursuing AI concept stocks, leading to a surge in the TSMC ADR share price. The premium of TSMC ADR over TSMC's stock has reached a new high since 2009, posing risks to investors practicing the long-preferred arbitrage strategy of buying TSMC stock and shorting TSMC ADR. Statistics show that as of June 14, the premium of TSMC ADR over TSMC stock has reached 21%, far exceeding the 5-year average of around 8%, marking the highest level since 2009. Analysts predict that the premium may continue to expand, potentially leading to forced liquidation for arbitrage investors. TSMC, with its advanced technology and reasonable valuation, has become a sought-after target for investors bullish on the prospects of AI. TSMC ADR has surged 66% this year by June 14's closing, exceeding the 55% increase in TSMC's stock during the same period.
Source: YAHOO
Reported 10 months ago
Due to the global surge in energy prices caused by the Russia-Ukraine conflict, Taiwan Power Company (Taipower) has faced significant losses for two consecutive years as electricity prices have not fully reflected the increased fuel costs. There are differing opinions on whether Taipower should be subsidized, with examples from Germany, Japan, and France implementing financial subsidies for their energy sectors. These countries have adopted a dual approach of moderately raising electricity prices to reflect costs while also setting price caps and providing budgetary subsidies to alleviate the burden on citizens. For instance, Germany has implemented an 'energy price brake system' and allocated nearly NT$1 trillion in subsidies to energy suppliers. Japan has allocated additional budget for electricity subsidies reaching approximately NT$1.4 trillion, while France has implemented a 'price shield' system to limit price increases and reduced electricity consumption tax to mitigate price surges.
Source: YAHOO