Reported about 1 year ago
Institutional Investor, an international authoritative financial media, announced the results of the '2024 Asia's Best Management Teams' selection, with Taiwan's Taiwan Mobile showcasing outstanding corporate governance and winning five awards, including 'Most Respected Companies' in Asia (excluding Japan), 'Best ESG' in the telecom industry, 'Best Investor Relations Team', 'Best Board of Directors', and more. The company's CEO and CFO also won individual awards, making Taiwan Mobile the top-ranked telecom company in Asia (excluding Japan and China).
Source: YAHOO
Reported about 1 year ago
Bakeware manufacturer Three-A KY (6671) announced at the shareholders' meeting on June 20, 2024, that its EPS had risen to 2.89 yuan last year, with a dividend of 2.50 yuan approved. The company plans to intensify exhibition participation this year to achieve the 2021 historical revenue target. Additionally, Three-A KY has initiated second-generation succession planning, with the CEO and General Manager, Xiao Kaifeng, taking over from Chairman Zhang Ruirong. Zhang's daughter, Zhang Xinyi, has been appointed as the Managing Center Director, while her brother, Zhang Zhihao, currently serves as the Marketing Director, preparing for future succession. The company is also establishing an Indonesian factory to serve the Southeast Asian market.
Source: YAHOO
Reported about 1 year ago
In response to the increasing demand for financial products in Taiwan, Yuanta Securities has recently launched a revamped service called 'Taiwan Stock e指存,' which offers a unique feature that allows automatic stock selection based on moving averages, KD indicators, and RSI indicators. Investors can adjust parameters freely and customize their stock selection strategies. The updated service provides various stock selection options and a group backtesting feature, aiming to enhance user experience and meet the evolving needs of investors for diversified asset allocation. Yuanta Securities has been recognized for its digital services, winning multiple awards including the 2023 FCA Innovative Business Award and the 17th Wealth Management Bank and Securities Evaluation 'Best Sustainable Development Award'. The patented technical stock selection feature in the revamped Taiwan Stock e指存 is part of Yuanta Securities' ongoing efforts to develop user-centric digital services.
Source: YAHOO
Reported about 1 year ago
Taiwanese IC giant LY Semi entered the supply chain for the iPhone 16 earlier this year, securing certification ahead of competitor LX Semi. However, recent reports from the supply chain indicate that LX Semi has also received certification and, with full support from its wafer foundries, is now competing with LY Semi. LX Semi remains the exclusive supplier for LGD OLED displays in the second half of the year, with the wafer input set to significantly increase in September. LX Semi's closer collaboration with leading foundries poses a challenge to LY Semi's previous strategy of relying on mature foundries. With LX Semi securing more orders, there's a shift in the OLED driver IC supply as Apple favors LGD and LX Semi, potentially impacting LY Semi's orders. Despite this, LY Semi remains optimistic and aims to explore new opportunities with Apple to supply components for products like iPad OLED DDI and Apple Watch. Concerns over slowing TV demand due to reduced sporting events, sluggish sales during 618, and conservative attitudes from brand manufacturers may affect the demand for DDIC and other components. LY Semi continues to invest in OLED production lines and innovate, such as developing IT TCON products using a 12-nanometer advanced process for high-performance computing units in UHD 240Hz LCD and OLED panels to target high-end laptops.
Source: YAHOO
Reported about 1 year ago
HTC actively transitions from hardware manufacturing and sales to becoming an ecosystem integration provider and has almost completed its layout for the same. At the shareholder meeting held on June 20, 2024, Chairwoman Wang Xuehong expressed the company's commitment to investing in the metaverse ecosystem, emphasizing the potential brought by AI and the metaverse. Through close collaboration with NVIDIA, HTC is leveraging NVIDIA's GPUs in its servers and focusing on AI applications in both cloud and terminal devices. The company is set to unveil ecosystem-related developments in a presentation at the end of July, showcasing its VR projects and innovative products with a shift towards a more diversified revenue structure that includes platform construction, licensing, and content sharing to create more value.
Source: YAHOO
Reported about 1 year ago
Formosa Plastics Group's stock prices have been weak, leading to concerns from shareholders. During three consecutive shareholders' meetings this week, the chairmen of the group's companies apologized for last year's poor performance but also announced strategies for differentiation, high technology, healthcare, new energy, and new businesses to boost investor confidence. With the approach of the new product season, and the rising prices of raw materials, copper, and air and sea transportation, along with the strong declaration of transformation by Formosa Plastics Group's chairman, the stock prices finally rebounded, making all nine listed stocks in the group close in the green. Their transformation plan focuses on high technology, healthcare, and energy, with efforts such as developing semiconductor-grade chemicals and gases, anti-adhesion technology for medical applications, and products for clean energy. This shift aims to strengthen Formosa Plastics Group's competitive edge in a changing global economy and supply chain, successfully showcasing their ambitious transformation goals.
Source: YAHOO
Reported about 1 year ago
The Financial Supervisory Commission (FSC) clarified that it maintains a consistent stance on the potential merger between Taiwan Shin Kong Financial Holding and E.SUN Financial Holding, emphasizing adherence to legal regulations. Reports suggested disagreements within the FSC regarding the recognition of E.SUN's private equity by Taiwan Shin Kong, but the FSC stressed that without formal applications, they cannot comment. The cancellation of a planned board meeting by Taiwan Shin Kong was interpreted as a requirement to first obtain FSC approval. E.SUN's subsidiary, E.SUN Life, faces capital shortfalls and seeks capital infusion while being 100% owned by E.SUN Financial Holding, leading to regulatory concerns. E.SUN Financial Holding's potential investment in E.SUN Life is subject to FSC approval under certain conditions.
Source: YAHOO
Reported about 1 year ago
To revive the real estate market and increase the cash flow of real estate companies, more and more cities in China are encouraging state-owned enterprises to help 'clear inventory' by acquiring unsold new homes. Over 30 cities have introduced incentive policies for this purpose. The People's Bank of China provided 300 billion yuan in support for state-owned enterprises to purchase unsold new homes as part of the government's efforts to reduce housing inventory. Specific pricing methods for these acquisitions vary by city, with some using cost-based evaluations. Analysts point out that while encouraging state-owned enterprises is beneficial, there may be financial risks involved for local governments. Overall, if 35 key cities and 80 cities can reduce their housing inventory turnover to below 18 months, the required funding for inventory clearance through acquisitions would amount to 1.1 trillion yuan and 1.8 trillion yuan respectively.
Source: YAHOO
Reported about 1 year ago
Diabolo Industries, a car light components factory, is set to expand to Thailand with plans to invest significantly in building a factory on over 15 hectares of land in three phases, with the first phase expected to start production in two years. The total investment in the new Thai factory is estimated to be between 2 to 3 billion NTD. Diabolo's Taiwan headquarters also plans to establish a car electronics department for developing advanced products like LED, AFS, and ADB. They are introducing new car light designs that combine headlights, tail lights, and turn signals for a more unified look, believing that this trend will lead to increased revenue. Diabolo's overseas factories in China focus on producing OEM car lights for various joint venture companies, with expectations of improved business performance in 2024 due to strengthening demand for automobile parts.
Source: YAHOO
Reported about 1 year ago
中國企業在2024年歐洲盃賽事中蓬勃發展，13家最高級別官方贊助商中，有5家來自中國，包括比亞迪首度入列，成為首家與歐足聯合作的新能源汽車廠商。儘管中歐電動車關稅問題未解，比亞迪卻獲得17.4%的臨時性關稅，預料影響有限，股價更是飆漲，展現強勁實力。其他中國企業包括vivo、海信集團、速賣通和螞蟻集團旗下「Alipay+」等。
Source: YAHOO
Reported about 1 year ago
Quanta's spokesperson and CFO expressed high expectations for AI opportunities during a recent financial briefing, highlighting the establishment of an AI computing center and anticipating significant revenue contribution next year from the booming AI market, especially with the launch of Apple's new AI-powered iPhone series. With various business opportunities arising in the second half of the year and positive prospects in different product sectors, Quanta aims to surpass a billion NT dollars in annual revenue, building on last year's success.
Source: YAHOO
Reported about 1 year ago
After the wave of artificial intelligence (AI) emerged, countries have been developing generative AI to seize business opportunities. Leveraging advantages such as prestigious universities and investments from US tech giants, the UK has quickly become the top country for generative AI in Europe. With 221 generative AI startups in the region, 30% are in the UK, followed by 14% in Germany, 13% in Israel, 11% in France, and 6% in the Netherlands. The UK's success in this field is attributed to its top universities nurturing AI talent, an early start in the AI industry, and attracting investments from US tech giants.
Source: YAHOO
Reported about 1 year ago
Chen Jianyu reported from Kaohsiung on June 20th, CSC released its Q3 prices along with the prices for July, maintaining flat prices for various items in July while increasing prices for some products in Q3, in line with market expectations. CSC decided to take action against the massive low-priced steel exports from China and indicated a possible application for trade relief measures to protect the domestic industry. The price increase for products such as steel plates and automotive materials in Q3 reflects strong demand in industries like steel structures and the automotive sector. The global economic situation is improving, with Taiwan benefiting from the development of AI technology and high-performance computing and raising its GDP growth forecast. CSC anticipates a rebound in global steel demand in 2024 and 2025 after a two-year decline.
Source: YAHOO
Reported about 1 year ago
On the first day of the Dragon Boat Festival holiday on June 8, coinciding with the United Nations’ 'World Oceans Day,' Far Eastern International Bank led its employees from central regional branches to participate in a beach cleanup at Taichung's Dalian Wenliao Fishing Port on June 7. This initiative aims to promote environmental sustainability and raise awareness about protecting the Earth and oceans. The bank's cleanup activities not only involve physical labor but also encompass aspects of ESG in environmental protection, social engagement, and corporate governance. Through these actions, employees share environmental conservation concepts, promote sustainability, and strengthen teamwork to uphold ESG principles.
Source: YAHOO
Reported about 1 year ago
Taiwan Futures Exchange will continue to hold the '3rd Quarter 2024 Trader Futures and Options Course' to assist traders in establishing correct futures trading and hedging concepts. The course will be conducted online with sessions in July, August, and September, covering topics like practical introduction to futures and options, strategies and applications, risk management, and options selling risks. Registration is now open on the exchange's website, emphasizing on improving financial literacy and providing key information on the futures market.
Source: YAHOO
Reported about 1 year ago
Looking ahead to the second half of 2024, Lion Travel will focus on 'cruises,' 'railways,' and 'sustainable development,' continuing to develop its cruise business, rail economy, and green tourism. In response to industry labor and material shortages, they will utilize information, technology, and even AI to drive enterprise change. Chairman Wang Wen Jie will personally lead Lion Travel in promoting digital innovation, optimizing international channels and digital applications, improving customer experience, and achieving higher operational efficiency. Lion Travel's shareholder meeting approved last year's financial report and profit distribution, with record-high revenues and profits. Lion Travel plans to expand the cruise market by offering global Fly Cruise trips to the Caribbean, Alaska, and the Mediterranean, as well as introduce new train services like the Ali Mountain Forest Trains. They will integrate resources, enhance inter-business synergy, and invest in companies like AsiaYo and FunNow, aiming to accelerate development, diversify services, and enhance market competitiveness. Additionally, Lion Travel will collaborate with academic institutions to recruit international students and establish the Lion International Elite Academy to elevate talent training quality and inject new vitality into the industry.
Source: YAHOO
Reported about 1 year ago
NVIDIA and TSMC drive the wave of AI investment, leading to at least 7 billion NT dollars in capital increase for 15 AI stocks like Quanta and Delta Electronics. With Apple joining the AI industry, the investment craze intensifies in the Taiwanese stock market, pushing stocks higher despite warnings of overvaluation. The AI frenzy has attracted global funds, resulting in a simultaneous surge in the US, Taiwan, and Japanese stock markets. Major players like TSMC are the driving force behind the surge, with institutional investors buying heavily into key stocks, driving the market upwards. Foreign investors have been targeting high-value stocks, creating a trend where strong stocks become even stronger. During the bullish trend, 15 AI concept stocks, including heavyweights like Hon Hai, Quanta, and Delta Electronics, saw significant institutional buy-ins, boosting the overall market.
Source: YAHOO
Reported about 1 year ago
Electric scooter provider Gogoro has officially announced the delivery of their performance flagship model Pulse on June 20, following the successful delivery of the budget-friendly JEGO. With over 2,500 orders for Pulse, Gogoro expects to maintain double-digit growth in monthly license plate registration, potentially surpassing a 10% market share. With the growing deliveries of JEGO and the launch of Pulse, Gogoro aims to reverse the declining performance seen in 2024 and reduce the year-on-year decline in license plate registrations to single digits for the first half of the year. The company plans to further expand their retail and service center network to strengthen their position in the market and continue positive sales growth throughout the year.
Source: YAHOO
Reported about 1 year ago
Hwai Chiou-yi/Taipei reported on June 20, 2024, at 4:10 PM, Huida CEO Huang Renxun visited Taiwan again, turning into the strongest AI salesperson, arousing high market expectations for the prospects of AI applications, which has been a trend since May. Observers note that since May, seven new funds have been approved for issuance, with three focusing on multi-asset themes related to AI, growth, and returns, one being a stock fund, and three index stock funds. AI, technology, semiconductors, and Japan are significant keywords for these new funds. The market's preference for multi-asset theme funds and equity funds, which offer growth prospects and are favored by the market due to market volatility, fund rotation, and trends in AI and semiconductors, have become the key points of interest for fund companies in the second half of the year. For example, the recently approved Allianz AI Income Growth Multi-Asset Fund primarily seeks investment opportunities in the AI industry's upstream and downstream sectors in the long term, aiming to leverage AI advantages to promote revenue growth or cost reduction, focusing on innovative companies to pursue long-term capital gains growth. With the trend industries facing various disruptions in the long-term development process, external factors such as economic changes, And other factors, Allianz AI Income Growth Multi-Asset Fund is designed to diversify risk across capital structures and pursue multiple sources of income to create AI income multi-asset allocation suitable for more investors, with a focus on AI advantages and diverse income sources. Looking ahead, as the headwind of interest rate policies gradually fades, market focus is expected to return to corporate profits and resilience in the fundamental area of benefits. However, considering the uncertainty of policy pace, with the cumulative gains of the short-term market, in anticipation of continued bullish market conditions, the composite assets should prepare for fluctuations and reassess assets as the core to capture returns, coupled with multi-asset layout in mainstream trend areas, on the one hand, to reduce potential fluctuations and also help seize rotational market trends. Huang Yiche, manager of Nomura Global Technology Multi-Asset Fund, believes that the Fed is inclined to continue observing data before deciding whether to cut interest rates. Overall inflation risks have not disappeared, with 78% of S&P 500 companies in the last quarter reporting better-than-expected results, higher than the long-term average. Among these, information technology stocks performed the best, indicating that AI-related tech stocks are still the focus of investment. Nearly 90% of companies in the last quarter exceeded profit expectations, with short-term inflation and geopolitical risks unresolved, making it a good time to position in technology multi-asset sectors.
Source: YAHOO
Reported about 1 year ago
According to Lung Sze Technology (6609), the company's performance is expected to improve steadily throughout the year despite the impact of China's termination of the ECFA agreement. With orders visible until the third quarter and the benefits of integrating with Japan's Nidec group becoming more apparent, Lung Sze Technology aims for growth in revenue and profits for the full year. Despite a loss in the first quarter, the company remains optimistic, focusing on cost reduction strategies and adjusting production locations to mitigate the effects of the ECFA termination.
Source: YAHOO
Reported about 1 year ago
According to the Ministry of Economic Affairs, the latest data on May's export orders showed a significant increase in orders from the Association of Southeast Asian Nations (ASEAN) region, reaching $9.05 billion, a year-on-year growth of 19.7%. This growth is attributed to increased demand for information and communication technology (ICT) products, driven by global supply chain shifts. While the orders from the United States, Mainland China and Hong Kong, and ASEAN showed positive growth trends, Europe and Japan experienced negative growth. Despite ASEAN's order value being less than $10 billion, it recorded the highest annual growth rate of 19.7%, making it a beneficiary of supply chain shifts.
Source: YAHOO
Reported about 1 year ago
On June 20, 2024, at 4:10 pm, Minister of the Interior Liu Shi-fang stated that national parks, wetlands, and coastlines are crucial natural carbon sink areas in Taiwan, acting as important blue carbon sources and restoration bases for the 2050 net-zero transition. The Ministry of the Interior plans to enhance national park carbon sequestration by planting trees in areas affected by invasive species, degraded habitats, abandoned farmlands, and sandbars, estimating a yearly reduction of 1,981.3 thousand tons of carbon dioxide equivalent. By actively promoting a national park net-zero emission strategy, the forest carbon sequestration and blue carbon storage are projected to remove approximately 2,053.7 thousand tons and 340 thousand tons of carbon dioxide equivalent annually, respectively.
Source: YAHOO
Reported about 1 year ago
皇鼎（5533）於2024年6月20日召開股東會，儘管去年EPS下降，但由於未來完工交屋量增加，資金回收預計約60億元，因此決定向股東配息1.2元，為近三年最高。公司總經理表示，未來兩年將陸續完工交屋四大案，包括皇鼎麗園、財星科技、靜心園、立人名邸，以期業績回歸正軌。
Source: YAHOO
Reported about 1 year ago
Despite the UK inflation rate dropping to the 2% target, the Bank of England maintained the benchmark interest rate at a 16-year high of 5.25% for the seventh consecutive time after its meeting on June 20. However, signaling dovishness, the BoE hinted at more policymakers being open to easing policies. Market reactions showed traders betting on an August rate cut probability rising from 32% to over 50%. The BoE's Monetary Policy Committee voted 7-2 to keep rates unchanged, with Vice-Chair Ramsden and external member Dhingra favoring a cut to 5%. Governor Bailey explained that while recent data showed inflation hitting targets, it was still too early for a rate cut, emphasizing the need to ensure inflation remains low. Factors indicating a rate cut might be near include easing service industry inflation and wage growth slowing since the previous meeting. Economists polled by Reuters last week expect the BoE to start reducing rates in August, with the BoE noting achieved inflation targets, easing short-term inflation expectations, and wage growth slowdown. However, uncertainties in labor market activity make it challenging to evaluate. The Bank also underscored the need for restrictive monetary policies to be maintained sufficiently long to sustainably return inflation to the target level of 2% in the medium term. It raised the GDP growth forecast in the second quarter from 0.2% to 0.5% and expects a slight rise in the Consumer Price Index in the second half of the year, mainly due to energy prices providing inflation support.
Source: YAHOO
Reported about 1 year ago
According to a report by the International Monetary Fund (IMF) on June 20, 2024, over a hundred countries globally are researching the issuance of Central Bank Digital Currencies (CBDCs), with Taiwan's central bank also revealing its preliminary structure, planning three main aspects: implementing a dual-layer issuance system, initially offering CBDCs without interest but retaining interest-bearing function, and classifying wallets to accommodate digital disparities while maintaining the issuance of physical cash for specific demographic preferences and habits. The central bank noted that CBDCs will be distributed through intermediaries like banks and non-banking institutions, who will provide users with CBDC wallets, interfaces, and additional value-added services.
Source: YAHOO