Reported about 1 year ago
Yang Ming Marine Shipping is committed to promoting positive corporate influence and continuous investment in marine ecological conservation actions. In their recent beach cleanup event on June 22, they expanded participation to include supply chain partners. Led by Yang Ming Marine's Executive Director, Chiu Tseng-yu, the event involved employees, families, and 10 supply chain partners clearing 221.6 kg of marine waste at Wanli Beach in New Taipei City. The company has been actively involved in environmental sustainability actions such as beach cleanups and river cleanings, with a total of 8.8 tons of marine waste cleared as of May 2024. Yang Ming Marine emphasizes the importance of collaboration with suppliers and raising awareness for marine conservation among employees and partners.
Source: YAHOO
Reported about 1 year ago
According to FSC statistics, as of the end of April, national banks' foreign currency deposits reached NT$14.5 trillion, marking a three-month consecutive high, with an increase of NT$191.8 billion compared to the end of March, showing a 1.3% growth. With the expectation of a delayed rate cut by the Fed, interest rates remain high, prompting depositors to show interest in foreign currency time deposits. Various banks are offering competitive rates, with some banks offering up to 5.3% annual interest for three-month USD deposits. Foreign banks are also targeting high net worth clients, offering up to 7% annual interest for three to six-month deposits.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, the National Agricultural Bank's branch relocated to 80 Zhongxiao West Road, Section 1, Zhongzheng District, Taipei City (JiTai Zhongxiao Building) with modern facilities, barrier-free access, and sustainable design to offer a more spacious, comfortable, and friendly service environment for customers. The opening ceremony was presided over by Chairman Wu Mingmin, with supervisory authorities, directors, supervisors, and representatives from agricultural associations in attendance. The new location aims to provide convenient services to agricultural bank customers, emphasizing environmental sustainability and social responsibility by using green materials, energy-efficient lighting and air conditioning, and providing services tailored for people with disabilities, such as wheelchair-friendly ATMs and sign language interpretation services.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, the Ministry of Economic Affairs' Energy Bureau held the first session of the 113th Energy Benchmarking Award tour, with Jui Kung Machinery Co., Ltd. taking the lead to share key energy-saving measures like optimizing process control to reduce peak loads, implementing smart warehouse integration systems to save electricity, enhancing utility equipment efficiency, and using cloud virtual hosts to save power. The bureau aims to help industries implement energy-saving practices through these tours, providing professional teams for energy diagnosis, guidance, and equipment subsidies. Jui Kung, a major shoemaking machinery manufacturer and winner of the 112th Energy Benchmarking Award, showcased energy efficiency through equipment upgrades, process improvements, and digital transformation, significantly reducing energy consumption. The tour also includes energy policy promotion areas and shares successful energy-saving cases for consultation and learning purposes.
Source: YAHOO
Reported about 1 year ago
According to a report by Chen Xinwen from Taipei on June 24, 2024, US stock funds have been seeing high inflows, with a net inflow of funds expanding to 20.369 billion USD in the past week, marking the highest weekly inflow since the second quarter. The dominance of US stock funds in global markets continues, with Asian funds excluding Japan seeing a USD 3.66 billion inflow. The strong performance is attributed to sectors like AI and technology, driving risk appetite in investments. The outlook for the stock market remains positive, especially in the tech sector, supported by factors like positive corporate earnings and global economic growth.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, Hua Youlian (1436) opened flat and surged to hit the daily limit by around 11:30 am, closing at the limit price of 164 yuan, up 14.50 yuan, hitting a historical new high. After setting a new historical high on May 6, there has been a composite W-shaped consolidation for over 30 days. The long red candlestick on the 24th closed at the closing price of 164 yuan on May 6. This indicates a potential for a short-term high point, pending a breakthrough of the consolidation's neckline. Further observations are needed to ensure the price does not fall below the consolidation zone to mitigate risks.
Source: YAHOO
Reported about 1 year ago
In response to the booming demand in the AI server market, Gigabyte's board of directors recently decided to proceed with overseas depositary receipts and overseas unsecured convertible corporate bonds, raising over NT$20 billion in total funding. The fundraising is mainly for regular inventory capital needs. Gigabyte plans to issue 32-38 million shares for cash issuance of common stock to participate in the issuance of overseas depositary receipts, estimated to dilute existing shareholders' equity by about 7%. With a market value of about NT$9.984-11.856 billion for this GDR issuance, Gigabyte also plans to issue a fourth unsecured convertible corporate bond worth up to $300 million (about NT$9.7 billion), tentatively in denominations of $200,000 or multiples, with a five-year maturity. Industry insiders believe that companies like Gigabyte, Wiwynn which recently announced ECB and GDR issuances, as well as Supermicro which recently carried out cash issuance, are all preparing ammunition to meet the growing demand for orders in the AI server business sector. Gigabyte has benefited from the increasing momentum in the AI server shipments, with monthly revenues surpassing NT$20 billion over the past three months. It is forecasted that Gigabyte's future AI server order visibility is clear, with stable shipping momentum, and the server business is expected to achieve double-digit growth beyond 5 billion Taiwan dollars this year after a strong increase by several times last year.
Source: YAHOO
Reported about 1 year ago
In a recent strong performance by US tech giants, market values have reached new heights, with NVIDIA standing out by joining the 3 trillion USD market value club at 3.33 trillion USD, becoming the highest valued company among the 'Big Seven' in the US stock market. The company's achievement marks the third in the tech industry to surpass this milestone following Apple and Microsoft. With advancements in the AI field leading the market trend, the recent surge in US stocks has also pushed the Taipei stock market above 23,000 points, establishing NVIDIA as a trendsetting giant. According to Pocket Securities, the combined market value of the US 'Big Seven' exceeds 14.7 trillion USD, equivalent to the GDP of the world's fourth-largest economy. The total market value of NVIDIA, Apple, and Microsoft alone has surpassed 9 trillion USD, exceeding the total market value of the Chinese stock market. Among the US 'Big Seven', Tesla has experienced a significant downturn this year with a 25% drop, showing a different trend compared to last year, while NVIDIA has maintained a robust increase in market value, leading the surge among the US tech giants. The continuous rise in market value of US tech giants reflects investors' optimism towards the future development of the tech industry.
Source: YAHOO
Reported about 1 year ago
Professor Ceng Juwei from Soochow University and special adjunct professor at the Central Trust Financial Management Institute, expressed concerns on the upcoming expiry of the half-cut tax exemption for intraday trading, urging the Ministry of Finance to extend it. The tax rate reduction was originally implemented in 2017 for one year, but has been extended multiple times until now. There are calls for normalization of the incentive, emphasizing the need for the new government to maintain fiscal discipline. Concerns are raised about the potential negative impact of converting short-term tax reductions into long-term systems, possibly damaging the tax system. It is highlighted that tax policies should remain neutral and apply uniformly to all types of securities transactions.
Source: YAHOO
Reported about 1 year ago
In the warrant market focus, it was reported that NVIDIA has increased its advanced process chip production volume to TSMC, driving performance in the backend testing and packaging sector. King Yuan Electronics saw its stock rise to 122 TWD challenging the previous high of 123 TWD, with foreign investors buying 35,000 shares in the last 5 days. NVIDIA's expansion of TSMC orders has benefited the backend testing and packaging sector. King Yuan Electronics is said to be shifting capacity to meet the demand due to overwhelming new orders from NVIDIA. The company is set to make final decisions on the supply chain allocation for NVIDIA's GB 200 chip and server orders for 2025 in the second half of the year, with an estimated shipment of 900,000 GB 200 chips in 2025. Following the sale of its subsidiary Kinsus Technology, King Yuan Electronics is anticipated to have lower revenue in Q2 than Q1 but with improved gross margin and profit margins. With continuous expansion in orders from NVIDIA, revenue in the second half of the year is expected to surpass the first half, indicating positive annual growth.
Source: YAHOO
Reported about 1 year ago
Uni-President Group's stable profits from investments in Uni-President Central Control and merging with Carrefour Taiwan, led to a 20.8% year-on-year increase in first-quarter revenue to 158.756 billion yuan. Meanwhile, Hua Nan Financial saw a net profit of 2.018 billion yuan in May. Despite the Taiwan Stock Exchange dropping over 400 points on June 24th, both stocks rose against the trend. Uni-President's revenue for the first five months reached 265.889 billion yuan, and its EPS was 0.97 yuan, driven by the success of new brands and products. Hua Nan Financial's net profit for the same period grew by 15.53% to 9.507 billion yuan, and with its involvement in the high-dividend low-volatility ETF, its stock price continued to rise, gaining over 0.76% on June 24th.
Source: YAHOO
Reported about 1 year ago
Chang Hsing (1717) reported a tax before profit of 2.3 billion NT dollars in May, with a 38.49% yearly increase, representing an earnings per share before tax of 0.2 NT dollars. Accumulated profit before tax for the first five months amounted to 12.08 billion NT dollars, showing a 99.7% yearly growth and an earnings per share before tax of 1.03 NT dollars. Being the largest synthetic resin plant in Asia and the world's largest dry film photoresist supplier, the company's main products include synthetic resins, electronic chemicals, and special materials. Despite a slight increase in expense ratio, Chang Hsing maintained stable gross profit margins. The company's operating profit in May was 2.15 billion NT dollars, a 12.06% decrease from the previous month but a 31.29% yearly increase.
Source: YAHOO
Reported about 1 year ago
Telecom giants in Taiwan, including Taiwan Mobile, Far EasTone, and Chunghwa Telecom, are advancing business opportunities through partnerships and certifications. Taiwan Mobile recently assisted local companies like Wistron, Tatung, Qisda, Accton, and Intellectual Networks in obtaining Telecom Infra Project (TIP) certification, enabling access to the global supply chain. Far EasTone developed an energy management system (EMS) that helped a leading shoe machinery brand digitally transform, while Chunghwa Telecom's cybersecurity team aided in ISO/IEC 27001:2022 certification for a research center. Through partnerships and certifications, these telecom companies are expanding services to various industries, enhancing their competitive edge in the market.
Source: YAHOO
Reported about 1 year ago
Taoyuan Deputy Mayor Wang Ming-ju attended Taiwan International Airport Union Federation's '113th Model Worker Commendation Banquet' on June 20th. He expressed gratitude towards the 24 exemplary workers at Taoyuan International Airport for their dedication in maintaining airport safety and service quality. The federation consists of 14 enterprise unions with a total of 8,415 members, with over 90% from Taoyuan City. The city government aims to continue promoting harmonious labor relations to foster industrial prosperity in Taoyuan.
Source: YAHOO
Reported about 1 year ago
KGI Securities has become the first brokerage to sign an agreement with the Taiwan Depository & Clearing Corporation to provide investors with a more convenient and secure multi-custody trading environment, improving the safety of investors' foreign assets. KGI Securities is also preparing for the expected multi-custody foreign currency financing business to offer more flexible fund utilization. With the increasing trend of investing overseas among Taiwanese, the scale of multi-custody services amounted to NT$2.3 trillion by the end of April this year, with KGI Securities aiming to provide a safe and convenient win-win situation for both brokerage and investors through this partnership with the clearing corporation.
Source: YAHOO
Reported about 1 year ago
In recent years, affected by the economic downturn and low-price competition from the mainland, the export volume of screws has decreased significantly. However, signs of recovery appeared in the market this year, with total exports in May exceeding 110,000 tons, a monthly increase of over 10%. The export volume of wood screws saw the highest monthly increase at 27.92%. Despite the mainland's screw exports in the first five months of the year increasing by 12.6%, their prices dropped by 23%, indicating their continued competitive advantage with low prices. Last year, the screw industry faced challenges due to the global economic slump, with exports significantly reduced, making it a severe winter for the sector. With the gradual global economic recovery this year, sporadic orders have emerged for the screw industry, but apart from a few special screws, the industry still faces significant challenges.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, a lithium battery explosion at the AriCell Hwaseong plant in South Korea resulted in a fierce fire, causing 22 deaths, mostly Chinese employees, with fears of more casualties. President Yoon Suk-yeol immediately visited the site and ordered full mobilization for rescue efforts. The fire, suspected to have started from an explosion in a warehouse storing over 35,000 lithium batteries, was finally contained around 3:10 pm. The incident led to 22 fatalities, including 18 Chinese and 1 Laotian employees, with 2 severely injured, 6 lightly injured, and 1 still missing. The exact cause of the explosion is under investigation.
Source: YAHOO
Reported about 1 year ago
Keelung Securities believes that Trade-Van KY, with a favorable position in the automotive business and a strong foothold in the AI trend, is estimated to see increasing profits quarter by quarter, receiving a 'buy' investment rating. With GlobalData reporting a 4% year-on-year increase in global car sales to 27.53 million units in the first four months of this year, Trade-Van KY and Fan Jia have been rated 'buy' by Keelung Securities. The car market has shown growth in most markets, expecting global car sales to hit 91.36 million units by 2024, with electric car shipments estimated to grow by 18% and 19% in 2024 and 2025 respectively.
Source: YAHOO
Reported about 1 year ago
Cathay Financial Group has revised Taiwan's economic growth rate from 3% to 3.6% for the year, lower than the 3.9% predicted by the Directorate-General of Budget, Accounting and Statistics. Factors such as less optimistic exports in the second quarter, lack of last year's cash distributions, and negative contribution of investments in the first quarter were considered. Despite concerns about high inflation this year, with an average inflation rate three times higher in the past four years compared to the last ten years, the AI development driving structural demands, robust private consumption, and investments, along with the recovering US and mainland Chinese economies have led to a more optimistic outlook for Taiwan's economic performance compared to earlier predictions, with a 6.6% GDP growth in the first quarter but potential challenges in the second quarter.
Source: YAHOO
Reported about 1 year ago
Giant Group, a global leader in bicycles, is expanding into the fitness equipment industry by participating in the auction of assets of American sports equipment company Foundation Fitness.LLC to acquire its indoor cycling brand Stages Cycling. The move aims to enter the global indoor sports equipment market. Giant has been manufacturing equipment for Stages Cycling, and amidst Stages' financial struggles in the US market, Giant's decision to bid on its assets is seen as a strategic opportunity to enhance its presence in both indoor and outdoor cycling sectors and improve future performance.
Source: YAHOO
Reported about 1 year ago
The American think tank MacroPolo recently pointed out that in recent years, mainland China has heavily invested in AI education, nurturing 47% of the world's top AI researchers, significantly ahead of the US (18%), Europe (12%), and India (5%), making it the biggest cradle of AI talent. This is attributed to mainland China adding over 2,000 AI bachelor's programs since 2018, with over 300 at top-tier institutions. The research also shows that most Chinese who complete their PhDs in the US tend to stay there, but the US's leading position in attracting top AI talent is starting to decline with China's proportion of AI elites rising from 11% in 2019 to 28% in 2022, indicating more talent staying and contributing to the growing AI industry in mainland China.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, Taiwan's stock market lost the 23,000 points mark, closing at a drop of 439 points at 22,813 points below the 5-day moving average, marking the largest drop among major Asian stocks. Despite the decline, Credit Suisse is optimistic about the profit outlook for Taiwanese companies in the next quarter and expects a new high at 23,915 points, reaching as high as 25,420 points, encouraging investors to board the '25K train'. The article also discusses the impact of AI products showcased at COMPUTEX, the selling off of major stocks by foreign investors, and various analysts' perspectives on the future performance of the Taiwan stock market.
Source: YAHOO
Reported about 1 year ago
According to the latest statistics from the Securities Investment Trust & Consulting Association up to the end of May, the Cathay Taiwan High Dividend Fund has seen the largest increase in total beneficiaries among active funds. The fund's investments include major AI companies like TSMC, Hon Hai, MediaTek, and Taiwan Semiconductor, which are expected to perform well in the future. The fund manager, Liang Enyi, believes that Taiwan is a key region for global AI industry development and recommends investing through Taiwan funds, highlighting the fund's strategic positioning in the semiconductor industry supply chain and focus on AI opportunities.
Source: YAHOO
Reported about 1 year ago
Continuing to strengthen their financial structures, Taishin Financial Holding announced a cash increase of 7.3 billion NTD for Taishin Bank to enhance its capital structure, while Taishin Life is converting surplus into capital with stock dividends of nearly 2.98 billion NTD. Additionally, Nan Shan Life disclosed the issuance of 40.4 billion NTD subordinated bonds, with 10-year and 15-year maturities at 3.75% and 3.88% interest rates, respectively, to bolster their capital. These financial moves aim to boost capital adequacy and solidify the financial foundations of the organizations involved.
Source: YAHOO
Reported about 1 year ago
The rapid evolution of mobile app services has become increasingly common in daily life, but for the elderly and visually impaired, complex operations and dense text often pose difficulties. Fubon Life is leading the life insurance industry by launching the 'Financially Friendly Service Zone' on its app specifically designed for the elderly and visually impaired. By offering features such as enlarged fonts, simplified operations, voice narration, and voice verification code, Fubon Life ensures easy access to its app. Additionally, in collaboration with Taipei Fubon Bank, Fubon Life provides the 'LuckyPAY' mobile payment service, allowing policyholders to pay premiums conveniently with a simple tap. General Manager Chen Shih-Yue emphasized the commitment to enhancing customer service through technology, with the Financially Friendly Service Zone officially going live in June 2024, offering customized functions for the elderly and visually impaired.
Source: YAHOO