Reported about 1 year ago
On June 24, 2024, Apple unveiled Apple Intelligence at the Worldwide Developers Conference, turning the tide and leading analysts to continuously raise their target prices. Recently, investment firms CFRA and Bernstein raised Apple's target price to $240, signaling a 14% potential increase in stock price. Analysts are optimistic about the continued rise in Apple's stock price following WWDC, with a 27% increase from its low point in April. Both CFRA analyst Angelo Zino and Bernstein analyst Toni Sacconaghi believe that Apple's AI initiatives will drive a significant upgrade cycle and revenue growth, with a focus on AI search capabilities and third-party app integration through Apple Intelligence.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, AiShanLin (2540) is expected to benefit from a wave of project deliveries in the third quarter. The stock fluctuated during the day but closed at 193.5 yuan, marking a near-record high and reclaiming the weekly trend with a 9.5% increase. Trading volume reached 2,605 shares, with foreign investors buying 1,109 shares. With strong revenue performance and upcoming property completions, AiShanLin is poised for significant profit growth in the second half of the year, potentially exceeding a revenue milestone of 10 billion yuan for the year.
Source: YAHOO
Reported about 1 year ago
Securities News Center summary as of June 24, 2024, 4:10 PM: Shareholder Meetings: Asia Cement, Uni-President, AcBel Polytech, Sercomm, Macronix, Catcher Technology, etc. Ex-Dividend and Ex-Rights Dates: Wistron, Catcher Technology, M31, JEC, Qisda, etc. Investor Conferences: Acer, Allion, SOLID, DSS, Walsin, Hiwin, GPT, LEDtech, JASDAQ, Qisda, Micron, Cathay Financial, Sunplus, AHC, GEMtek, Quanta, Advantech, etc. Stocks to Watch: JMC, Navitas, Sysage, Advantech, Jian Han, CyberTAN, JEC, Weltrend, Sunext, Eswing, Abit, Everspin, Powerchip, UMC, Unitech, Nanya, etc. Margin Decrease and Short Selling Margin Increase by 10%: Sunlord. Restoration of Original Margin and Guarantee Ratios: Century. More Commercial Times reports on GeT's showcase of 5G network and AI capabilities; TAIEX funds trend as 19 NAV surpass NT$100; TAIEX experiences a decline with significant domestic institutional support.
Source: YAHOO
Reported about 1 year ago
Taiwanese company Chu Li Technology won two gold medals at the 2024 European Invention Exhibition for its innovative 'Enzyme Degradation and Decomposition Technology,' which provides a breakthrough in the treatment and recycling of waste lithium batteries. The technology significantly improves the efficiency of recycling waste lithium batteries, while also promoting environmental protection and resource utilization. Chu Li Technology plans to promote the commercial application of this technology in the next year and collaborate with international battery manufacturers and recycling companies to drive innovation in the global lithium battery recycling industry, further implementing the ESG concept.
Source: YAHOO
Reported about 1 year ago
According to the latest data from the London Stock Exchange Group (LSEG) on June 24, 2024, global stock funds experienced two consecutive weeks of outflows as investors worried about the possibility of only one interest rate cut from the US Federal Reserve in 2024 and ongoing political unrest in Europe. The fear of these factors prompted investors to quickly take profits and temporarily withdraw funds from the stock market. Various sectors within the global stock funds showed differing trends, with technology funds maintaining growth, while financial and non-essential consumer goods funds experienced outflows. On the other hand, global bond funds continued to attract investors, with corporate bond funds seeing inflows for three consecutive weeks. Emerging market stock funds faced significant selling pressure, marking the largest outflow of funds since April 24, 2024. Overall, amidst economic uncertainties, investors seemed to favor assets that provide stable income, such as bond funds.
Source: YAHOO
Reported about 1 year ago
Yong-Zhi (6683) Semiconductor, a popular stock, has seen its stock price surge since early June from 300 to 405 yuan on June 24th, marking a new short-term high. Technical indicators suggest a positive outlook with the KD indicator turning slightly bullish and the MACD indicator maintaining an uptrend. With semiconductor market inventory depletion expected to end and the company expanding its overseas presence and production capacity, analysts predict double-digit revenue growth this year. Market watchers anticipate a possible challenge to historical high stock prices at 415 yuan in the second half of the year.
Source: YAHOO
Reported about 1 year ago
A report by MarkeTrak in 2022 revealed that only 18.9% of individuals aged 35 to 64 with hearing loss wear hearing aids, lower than the 45% for those over 65 and 32.5% for those under 35. To address the communication challenges in the workplace faced by people with hearing loss, a 'Workplace Hearing Ally' program has been introduced, providing comprehensive hearing solutions from entering the workforce to a smooth retirement. By paying a one-time membership fee and a monthly fee of 3,600 yuan, members can experience the latest AI-powered rechargeable hearing aids with automatic listening technology. Prepaying the monthly fees for 1 year, 5 years, 10 years, or 20 years can offer up to a 20% discount, saving 172,800 yuan and eliminating concerns about price increases and inflation. The program ensures users can enjoy the latest technology without additional costs when new advancements are introduced.
Source: YAHOO
Reported about 1 year ago
In Taipei on June 24, 2024, Wang Wang Insurance held its shareholders' meeting, reporting a historic high of 12.28 billion NTD in signing premium income last year, with a 12.7 billion NTD increase in profits and a growth rate of 11.5%. The Vice General Manager and spokesperson, Pan Shaoyun, stated that signing premium income for the first half of this year is expected to reach a new high. Wang Wang Insurance accounted for 5% of the general insurance market's total premiums at 243.7 billion NTD, ranking eighth. Chairman Hong Jixiong reported that with significant revenue growth, the company's retained premiums increased, and overall underwriting profits reached a historical peak. Overall, the company's assets have reached 199.3 billion NTD, liabilities at 138.3 billion NTD, and equity at 6.1 billion NTD, creating shareholder value. Due to losses incurred by compensating for pandemic insurance policies, the company reported a deficit at the end of last year, unable to distribute dividends, with plans to recover losses and provide shareholder returns in the future. Pan Shaoyun added that due to the strong growth momentum of corporate insurance premiums, annual signing premium income is expected to exceed last year's record high, indicating continuous success.
Source: YAHOO
Reported about 1 year ago
Fuyeno Group invests over 1.5 billion NTD in remodeling the Guanshilin Fuyeno Hot Spring Resort in Tainan, with 79 rooms and a unique mud hot spring, officially opening to guests this year. Additionally, the Wuling Fuyeno Resort, after acquiring a ten-year operating right, underwent a 320 million NTD renovation with 143 rooms and plans to reopen before the peak maple season in September. The resort offers new room discounts and hot spring promos, targeting family vacations, corporate training, and group travels.
Source: YAHOO
Reported about 1 year ago
地板品牌廠寶陞24日召開股東會，決定每股配發3.31元股利，包含現金2.60元和股票0.71元。公司展望今年將透過多項策略提升成長，並計畫擴大美國地區銷售據點。
Source: YAHOO
Reported about 1 year ago
ArtHome Inn in Kaohsiung, a part of the ancient international art world, introduces a one-of-a-kind 'Artist Experience Journey' tailored for guests, offering a luxurious 21-day art residency vacation. Travelers can enjoy a memorable journey of luxury and art at a special discounted price of 298,000 instead of the original 1.04 million for one person, with only 5 sets available. This unprecedented project includes an immersive art retreat with renowned artists, guided tours in Kaohsiung, painting lessons by Professor Wang Yiliang from the Arts College of Sun Yat-Sen University, and the opportunity to create and exhibit 5 to 10 pieces at the ArtHome gallery.
Source: YAHOO
Reported about 1 year ago
On June 24, 2024, at 4:10 p.m., the Chinese government introduced new policies to foster and strengthen new growth points in consumption, promoting stable consumption growth. Measures announced by the National Development and Reform Commission and four other departments focus on creating new consumption scenarios for electronic products, such as expanding the functions of smart robots in cleaning, entertainment, elderly care, and disability assistance, and developing humanoid robots based on AI. The measures cover six major tasks involving 17 measures and focus on areas like dining, cultural tourism, shopping, health and elderly care, and community consumption, incorporating new technologies like AI, VR, and digital humans to enhance consumer experiences in e-commerce, retail, and expanding consumption scenarios for bulk commodities and electronic products.
Source: YAHOO
Reported about 1 year ago
Taiwan has a complete layout in the technology industry and a significant clustering effect, providing crucial manufacturing links needed by international AI giants, making it unrivaled by any other country. This was highlighted during the Taipei International Computer Show in 2024, where top CEOs like Nvidia's Huang Renxun showcased new products and platforms, emphasizing Taiwan's competitiveness and importance in the AI supply chain. While competition intensifies among AI players like Nvidia, AMD, Intel, Google, Meta, Microsoft, ARM, and Amazon, Taiwan's tech supply chain remains a key player, offering a range of services from IC design to hardware manufacturing, positioning itself as a crucial ally for AI giants.
Source: YAHOO
Reported about 1 year ago
In response to changes in the financial market and to boost the competitiveness of rural small and medium banks, Chinese authorities are accelerating the trend of mergers and consolidations. Within just seven days until June 21, at least 40 rural small and medium banks were absorbed, merged, or dissolved. It is expected that the number of banking financial institutions will further decrease by the end of the year. Various factors are driving this trend, including economic fluctuations, intensified market competition, regulatory environment changes, and the desire to enhance operational efficiency and risk management.
Source: YAHOO
Reported about 1 year ago
Cathay Financial Holdings' Chief Investment Officer Cheng Shu-fen mentioned that in the short term, there isn't much risk of a significant decline in the Taiwan stock market, and selecting the right small and medium stocks could present opportunities for a potential rise. With Taiwan stock market at a relatively high point, Cheng emphasized the importance of investing wisely and selecting stocks with structural growth potential and reasonable P/E ratios. It was also noted that external factors like the U.S. presidential election could impact global stock markets, with potential consequences for Taiwan's economy in the coming years.
Source: YAHOO
Reported about 1 year ago
Taipei, June 24, 2024 - Heartfelt Magnesium (6934) has been listed on the emerging stock market, focusing on the medical device sector. Chairman Zheng Jiesheng revealed plans to develop antibiotics for treating rare diseases like fibrocystic cysts with expired patents, and expand into the CDMO field. With around 300 million people worldwide suffering from respiratory diseases, the company aims to tap into the $66.5 billion global market for respiratory inhalers by 2031, emphasizing on portable, competitive inhalers. Heartfelt Magnesium's products cater to asthma and COPD patients, with the Pulmogine series even being FDA approved for use. They are also collaborating with Zambon, an Italian pharmaceutical company, to launch a new antibiotic nebulizer medication for NCFB patients in the US by 2027-2028. The company is actively developing drug-device combination products for treating rare diseases and aims to launch them by 2027.
Source: YAHOO
Reported about 1 year ago
According to the Central Bank statistics, in April, the balance of foreign currency loans for domestic banks was NT$4,931.5 billion, increasing by NT$567.61 billion in a single month, with a year-on-year growth rate of 7.5%, reaching a new high since June 2022. Strong AI momentum, global economic recovery, and high US dollar interest rates have led domestic banks to be optimistic about the growth momentum of foreign currency loans this year. However, with the postponement of the Fed's interest rate cut, the high-interest environment continues to suppress borrowing intentions, so the growth of foreign currency loans this year is expected to be steady rather than significant.
Source: YAHOO
Reported about 1 year ago
According to the latest data released by the Ministry of Economic Affairs in Taiwan on June 24, 2024, the wholesale, retail, and food service industries experienced growth in May. The wholesale sector had a turnover of 1.759 trillion NT dollars, a 12.6% increase year-on-year, while the retail sector achieved a record high turnover of 400.9 billion NT dollars, marking 33 consecutive months of growth, the longest on record. The industrial and manufacturing production indices in May also saw double-digit growth, indicating strong domestic demand. Industries like electronics components and computer electronics manufacturing showed significant growth. The overall outlook for the economy seems positive, with expectations of continued growth in the coming months.
Source: YAHOO
Reported about 1 year ago
Taipei report by Wu Qilun on June 24, 2024, 4:10 pm. The Central Bank announced the first quarter domestic bank operational performance report, with a total of 39 banks generating profits before tax amounting to 141.312 billion, a significant 11.2% increase from the same period last year at 127.087 billion. The average contribution of each bank employee reached 2.8427 million, representing an 11.3% annual growth. The top earner was Citibank with 15.144 million, followed by Bank of Taipei at 9.11 million, and Shanghai Commercial Bank at 6.869 million. Analysis shows that smaller banks with fewer employees had higher profit contributions per employee compared to larger banks.
Source: YAHOO
Reported about 1 year ago
In order to expand its business operations, Travel Around the World (6961) Chairman Li Jiayin announced three main strategies for the year, focusing on expanding both domestic and international industry integration, improving the dual-axis affiliate platform, and enhancing product strength to actively seize tourism market opportunities. Benefiting from the post-epidemic recovery in the tourism market and retaliatory consumption, Travel Around the World achieved record-high revenue of 28.22 billion NT dollars and an EPS of 8.65 last year. By continuously enhancing product strength and tapping into scarce resources, the company aims to further develop its high-end market presence.
Source: YAHOO
Reported about 1 year ago
Rising Sun Semiconductor's Q1 performance has bottomed out, with expectations of growing revenue throughout the year due to increased capacity of reclaimed wafers. The market is optimistic about the company's potential in providing wafers needed for power supply in 3D packaging and CoWoS-S orders, becoming new growth drivers. The company's Q1 consolidated revenue was 735 million NT dollars, with a slight decrease from the previous quarter but an annual decrease. Looking ahead, with the semiconductor industry showing a positive trend from 2024, Rising Sun Semiconductor, being part of the AI supply chain, is set for significant growth in 2025.
Source: YAHOO
Reported about 1 year ago
Encouraging vocational school students to combine their studies with industry practices and leverage the characteristics of technical and vocational education, the Ministry of Education held the National Technical and Vocational Schools' Practical Project Competition and Exhibition in 2024, with 1,283 entries from 50 schools. Among them, a team of 5 students from the Department of Leisure Business Management at Chaoyang University of Technology won first place in the Home Economics, Catering, and Food Group with their project 'Mountain City Carbon Zero - Innovative Research and Development of Citrus Friendly Food.' They developed 9 citrus-friendly products using local specialty Maogu oranges and fruit peels, promoting environmental friendliness, sustainable rural areas, and meeting ESG development goals. The team's advisor mentioned the impact of climate change on Maogu orange production and quality, highlighting the team's efforts in creating high-value processed products from surplus fruit to increase local characteristics, reduce agricultural waste, and improve rural development.
Source: YAHOO
Reported about 1 year ago
During Yang Ming Maritime's investor conference on June 24, it was highlighted that with the traditional peak season for Europe and America in the third quarter, freight rates are expected to remain high through July. The main variable impacting the shipping market is the crisis in the Red Sea, which is unlikely to be resolved quickly, leading to the anticipation of sustained high freight rates until the end of the year. Yang Ming plans to expand its fleet and routes to capitalize on the high rates, amidst predictions of an increasing supply of container shipping capacity compared to demand in the coming years.
Source: YAHOO
Reported about 1 year ago
Taipei Report by Zheng Shufang on June 24, 2024, 4:10 PM: Nidec's chairman, Junichi Nagai, predicts that AI and liquid cooling will remain important topics in the second half of the year. Nidec's subsidiary, Nidec SuperSense, is set to support the expansion of CDU capacity for Supermicro, the parent company, which will be completed by the end of June. With a focus on liquid cooling, Nidec plans to cooperate with Supermicro on the production of LCM and also continue development in air cooling technologies. The company's Taiwan factory will focus on R&D, while mass production will be shifted to Vietnam and China. Despite sluggish performance in the first half of the year, Nidec is optimistic about growth in the second half, emphasizing its commitment to meeting market demand in the liquid cooling sector.
Source: YAHOO
Reported about 1 year ago
Rezeng, a semiconductor equipment factory, has seen increased operations post Q2 and aims for annual growth compared to the previous year. The company has established a subsidiary in Japan and plans to set up a subsidiary in Southeast Asia by year-end to push for internationalization. With a focus on gas supply systems and semiconductor gas secondary piping engineering, Rezeng anticipates positive future operations amid the growth of the global semiconductor industry.
Source: YAHOO