Reported about 1 year ago
As the peak summer season approaches and travel demand rises with the recovery of air transport capacity, Taiwanese people are eager to travel abroad, with the recent earthquakes in Taiwan affecting both the domestic and incoming tourism markets. To boost occupancy rates, various Taipei hotels such as Shin-Weng Business Hotel, Leofoo Hotel, Leofoo Hotel Yilan, Shangri-La's Far Eastern Plaza Hotel Taipei, Evergreen Laurel Hotel Taipei, and Chamber.8 Taipei are targeting local customers with special themed accommodation offers, marking the start of the summer's first competition for guests. While the first quarter saw a boost in the Taipei hotel tourism sector due to the resurgence of cross-border travel post-pandemic, the second quarter experienced a decline in inbound tourism following the earthquakes in Hualien, resulting in decreased occupancy rates in Taipei hotels. Concerns about earthquakes led to cancellations from international travelers from Europe, America, Hong Kong, Macau, Singapore, Malaysia, Japan, and South Korea, affecting both urban hotels and leisure resorts during the summer. Taipei's tourism hotels in the western district are more active in offering promotional packages, while those in Xinyi and the eastern district have maintained their business clientele due to exhibition participation and business travel, thus facing less pressure to promote rooms. Shin-Weng Business Hotel, Leofoo Hotel, and Leofoo Hotel Yilan are focusing on guests attending the 2024 Dadaocheng Summer Festival, while Chamber.8 Taipei, located in the back of Taipei Main Station, is targeting business travelers for promotions.
Source: YAHOO
Reported about 1 year ago
On June 20, 2024, the People's Bank of China announced that the Loan Prime Rate (LPR) for June remained unchanged from the previous values, with the 1-year LPR at 3.45% and the 5-year LPR at 3.95%, meeting market expectations. Analysts suggest that due to challenges such as the narrowing bank interest margins and uncertainties in the US interest rate outlook, the potential for policy rate cuts in China is limited. Despite expectations, the lack of interest rate adjustments may be due to limited stimulus effects on the housing market from rate cuts, as seen with previous policy changes like the '517 New Policy' in May. The connection between LPR and MLF rates may not be direct, and future adjustments will depend on market conditions.
Source: YAHOO
Reported about 1 year ago
As the summer vacation approaches, the best parent-child amusement park to visit is the Qiaohu Dreamland in Qingpu, Taoyuan. Children can spend a joyful summer with the beloved characters Qiaohu and Qiqi. The park offers a variety of attractions including the Fun Party Show, Dreamful Big Ball Pool, Dream Experience City, Interactive Game Area, and Future Lab to enhance learning motivation and provide entertainment for children. The popular Ocean World stage hosts monthly themed theater activities and birthday celebrations for children, allowing them to enjoy close interactions with the characters.
Source: YAHOO
Reported about 1 year ago
After experiencing significant capital increases and decreases due to epidemic-related claims, except for New Taiwan Tokyo Marine Insurance and Mega Financial Holdings Insurance, the capital of the other four major property and casualty insurers has returned to pre-epidemic levels. Companies such as Fubon Insurance and Tokio Marine Insurance underwent capital decreases, resulting in increased per-share net value. Amid ongoing disputes over epidemic-related claims, Mega Financial Holdings Insurance has been involved in litigation with Hannover Reinsurance Company, leading to provisions for losses in the fourth quarter of the previous year. The company plans to reassess its financial statements based on the lawsuit's progress.
Source: YAHOO
Reported about 1 year ago
Yeh Hui-ching, a former director of the Economic Ministry's Energy Bureau, has been elected as the new chairman of E.Sun Financial Holding on June 20, 2024, as the company celebrates its 100th anniversary. Yeh is expected to lead the group in transitioning towards climate technology industries to tackle future challenges like carbon fee policies and emission reduction trends. With extensive experience in both public and private sectors, especially in energy policies and carbon management, Yeh's appointment is poised to guide E.Sun Financial Holding towards flexible and rapid development strategies in response to emerging environmental policies and variables.
Source: YAHOO
Reported about 1 year ago
The latest data released by the Ministry of Economic Affairs shows that export orders in May reached $48.89 billion, a 7% increase from the previous year, exceeding expectations. The growth is attributed to increased demand in high-performance computing, AI, cloud industries, and the replenishment of inventory by downstream customers. The ministry predicts a continuous quarterly growth trend in export orders, with June orders expected to range between $49 billion and $51 billion, a year-on-year increase of 10.9% to 15.4%. Various sectors such as information and communication products, chemicals, and plastics are experiencing growth due to factors like inventory replenishment and price increases in raw materials. The outlook remains positive for the export industry, driven by advancements in efficient computing, AI applications, and Taiwan's competitive advantage in semiconductor and server supply chains.
Source: YAHOO
Reported about 1 year ago
AMAX-KY (6933), a server and cabinet solution provider, anticipates a growth in revenue this year compared to last year due to a surge in AI demand. The company revealed that it has received significant RFQs recently, with projects expected to unfold gradually in the second half of the year, leading to better performance in the third quarter than the second quarter. Challenges faced in the previous year due to geopolitical issues, chip supply shortages, and delayed shipments have contributed to a 7.39% year-on-year revenue decrease in the first five months of this year. The company's Chairman, Ni Xiaoqing, highlighted the product revenue composition and projected a significant increase in the liquid cooling cabinet's share due to rising demand for liquid cooling. Despite the delayed release of the new B200 model, the company's collaboration with NVIDIA positions them well to secure components in advance.
Source: YAHOO
Reported about 1 year ago
On June 20, 2024, the Taiwan stock market hit a new high with the New Taiwan Dollar breaking free from recent consolidation, surpassing the 32.3 yuan mark as foreign capital flowed in. However, importers' currency buying narrowed the increase, closing at 32.328 yuan, up 3 points, with a total turnover of $1.7575 billion. Analysts suggest that the recent stagnant momentum of the New Taiwan Dollar was disrupted by the influx of foreign funds, providing bullish support for short-term breakthroughs. Watch out for US inflation data and escalating geopolitical risks for future market trends.
Source: YAHOO
Reported about 1 year ago
As the Chinese economy and stock market continue to weaken, there has been an increasing trend of Chinese and Hong Kong companies applying for small initial public offerings (IPOs) in the US under relaxed overseas listing restrictions by Chinese regulatory authorities. However, the Nasdaq stock exchange is on high alert and is reportedly strengthening its scrutiny of these small IPOs from China and Hong Kong to avoid a repeat of the extreme volatility that occurred two years ago, affecting market investor interests. Despite escalating tensions between China and the US in recent years, Chinese companies continue to seek IPOs in the US, acknowledging China's significant market influence. With the previous closure of Hong Kong's small-cap Growth Enterprise Market (GEM), Nasdaq has become an appealing option for these small enterprises. Following past instances of extreme stock price fluctuations, Nasdaq has decided to enhance its scrutiny of Chinese and Hong Kong companies applying for listings, questioning aspects such as shareholders' backgrounds, relationships, and independence, adding uncertainty and increasing costs to the application process.
Source: YAHOO
Reported about 1 year ago
Baker Furniture, with a history of over a hundred years, opened its first flagship store in Taiwan in Taichung. As a leading global furniture manufacturer under the Taichung International Group, the rise and success of the group, particularly Chairman Guo Shan-hui's transformation and expansion strategies, have been widely discussed in the cross-strait Taiwanese business community. The group, known for brands like Universal, Legacy, and Craft Master, recently acquired the renowned American Baker-McGuire brand. This move marks the beginning of Baker-McGuire's expansion into Asia, starting from Taiwan, offering a unique blend of classical luxury with modern art, design, and culture to cater to the high-end furniture market and customers worldwide.
Source: YAHOO
Reported about 1 year ago
As the Taiwan stock market continues to soar, yielding a bullish trend, high-dividend and thematic ETFs are thriving. Leading ETFs like Yuanta High-Dividend Low-Volatility (00713) and Fuh Hwa Taiwan Tech High-Dividend (00929) are stepping into the dividend season, providing opportunities for over a million investors to profit from price differentials and dividends. With the market rally bolstered by rotation in weight stocks, the Taiwan stock ETFs are also following suit, moving towards dividend payouts. As the market remains optimistic about future gains, the ETFs are expected to witness further increases post-dividend, with some showing more than 50% dividend filling progress.
Source: YAHOO
Reported about 1 year ago
On June 20, 2024, Han Xiang, a maintenance contractor for educational aircraft, had its stocks bought by foreign investors, with the price briefly returning to the yearly average line. In a similar fashion, Ju Yang, a popular brand, saw institutional investors buying back its stocks for three consecutive days as the company entered a cycle of restocking inventory. Han Xiang faced delays in aircraft deliveries due to engine component shortages, but the supply is expected to smooth out by the end of the third quarter in 2024. Despite the setbacks, both companies have positive growth prospects and promising collaborations in the international market.
Source: YAHOO
Reported about 1 year ago
On June 20, 2024, at 4:10 pm, Taipei's prime properties are scarce, attracting developers to launch hotel projects. Recent transactions show that a 114-square-meter, 7-story 'Anhe Boutique Business Hotel' near MRT Xinyi Anhe Station on Anhe Road was sold for about 920 million NT with a land price reaching 8.06 million NT per square meter. With the gradual recovery of the domestic tourism industry post-pandemic, hotel sales have decreased, with only three hotel transactions in Taipei in recent years, including this Anhe Road hotel sale and others like 'Taipei Green Dot Hotel' and 'Ximending Rich Garden. Renovating or rebuilding old hotels has become a trend during the pandemic, attracting investors due to the stable cash flow and prime locations for long-term investment.
Source: YAHOO
Reported about 1 year ago
The 2024 Taipei International Food Expo will take place at the Taipei Nangang Exhibition Center from June 26 to 29. Miaolin Co. Ltd. will focus on the theme 'Colorful Feast Pusher: Efficient Process' and has planned four major theme areas. They will provide solutions tailored to market demands for the catering industry, based on research indicating a strong post-pandemic rebound in dining-in and banqueting needs. Buffet restaurants have seen a significant annual growth rate, with increasing consumer focus on quality ingredients, promotions, taste, and service. Miaolin aims to address challenges like stable ingredient costs and labor force by offering strategies focusing on safety, efficiency, and quality to enhance the buffet dining experience.
Source: YAHOO
Reported about 1 year ago
Following the recovery of the economy after the COVID-19 pandemic, passive component giants KOA and Yageo have succeeded in reducing their inventories, further restarting their merger routes. KOA's investment in Lijiale and Yageo's stake in Crystal Technology have not only demonstrated their financial strength but also facilitated a more complete product line to enter the AI race. With potential exclusion from the supply chain due to the US-China trade war and the lack of new faces in the passive component industry, Taiwanese factories have seized the opportunity to enter the AI server or GB200 liquid-cooled server markets through customers, as the demand for MLCCs in AI PCs is expected to surge by 80%. This marks the largest investment by KOA and Yageo since 2024.
Source: YAHOO
Reported about 1 year ago
Hsin Chuang, the stock king, continues to reach new historical highs in June, with foreign bank HSBC releasing a new stock report upgrading it to a 'buy' rating with a significantly increased target price of NT$6,400. This pushed Hsin Chuang's stock price to reach a high of NT$5,050 intra-day and close at NT$4,985, prompting a comparative effect in the high-priced stocks club and causing MediaTek, Unizyx, WPG Holdings, and Catcher Technology to hit new historical highs. Analysts believe Hsin Chuang will benefit from the GB200 technology, expecting a strong recovery in BMC shipments in the next two years and emphasizing AI server demand. With positive outlooks on BMC shipments and AI needs, earnings per share for 2024 and 2025 have been raised, leading to a target price increase and a 'buy' rating.
Source: YAHOO
Reported about 1 year ago
Recent reports of the Omicron variant causing a rise in COVID-19 cases have drawn attention to the biomedical sector. Despite uncertainty about the direct impact of such news on biomedical stocks and funds, the suppressed prices and clear future prospects of biomedical stocks suggest a favorable entry point. Companies focusing on vaccine development and the healthcare sector, particularly in novel treatments for metabolic diseases like obesity and central nervous system disorders, are experiencing a surge in stock prices. The market is optimistic about advancements in the biotech industry, driven by ongoing clinical data releases and increased merger and acquisition activities by pharmaceutical companies to offset revenue declines from patent expirations.
Source: YAHOO
Reported about 1 year ago
Huaxinke and Jiabang Group jointly invested 2.338 billion yuan to subscribe to the private placement of the global quartz component leader Crystal Technology, acquiring 7.47% of Crystal Technology's shares. Huaxinke became the largest single shareholder of Crystal Technology, aiming to strategically invest and cooperate in the AI, automotive, and information markets. The investment was made at a discount of 17.26% based on the subscription price compared to Crystal Technology's closing price on June 20. Huaxinke and Jiabang successfully acquired the private placement in Crystal Technology by investing 19.45 billion yuan and 3.93 billion yuan, respectively, totaling 23.38 billion yuan for a 7.47% stake in Crystal Technology.
Source: YAHOO
Reported about 1 year ago
Foreign investors are focusing on high yield stocks with a cash dividend rate of over 4%, showing interest in stocks like Evergreen Marine, Mega Financial Holding, and Yuanta Financial Holding. Foreign investors have accumulated buying of Taiwanese stocks for 3 consecutive days, reaching a total of NT$89.3 billion. With companies in Taiwan estimated to achieve a profit growth of 20% this year and exceeding 20% next year, the market is witnessing a surge in funds flowing in due to the establishment of AI long-term trends. Despite the current P/E ratio reaching 19 times the level and exceeding profit expectations for next year, there are still many stocks with a cash dividend yield of over 4%. Additionally, foreign capital has been aggressively buying back Taiwanese stocks, with a net buy of NT$22.71 billion on the 20th and a total of NT$89.376 billion over the past 3 trading days, totaling an accumulation of NT$144.881 billion since starting this buying streak on June 12th. As of June 20th, screening for stocks with a cash dividend yield exceeding 4% and recent bullish activities by foreign investors, there are 14 stocks with high dividends and strong fundamentals such as Evergreen Marine, Mega Financial Holding, Yuanta Financial Holding, China Life Insurance, Uni-President Securities, Taishin Securities, among others.
Source: YAHOO
Reported about 1 year ago
In May, major shareholders, directors, and internal stakeholders of listed companies in Taiwan collectively sold over 130,000 shares, reflecting a trend in the stock market. Notable transactions include Quanta Chairman Shen Qingxing selling 110 shares, while major buying activities included Yuanta Innovex acquiring 2,579 shares of Canon stock and Gade adding to its subsidiary's shares. Despite heavy selling pressures in May, including tax payments and the traditional stock market adage 'Sell in May and go away,' Taiwan's stock market continued to rise in June, reaching new highs with the support of Hon Hai and TSMC. Various individuals and companies were involved in selling or buying shares, with notable movements from Quanta's Chairman Shen, Dashan's major shareholder Su Wenzong, and Gade's Vice Chairman Lin Feihong, among others. Gade also announced plans to repurchase shares to show support for the company.
Source: YAHOO
Reported about 1 year ago
Orangenews reports that at the annual shareholder meeting on June 20, 2024, the Chief Financial Officer of Orange (6180) stated that the company's operations in 2024 are expected to surpass those of 2023. Factors contributing to revenue growth include the revamp of 'MapleStory' at the beginning of the year and the launch of a new game 'Polarisia Chronicles' in late June. The company also announced a cash dividend of 3.28 yuan per share. With popular existing games like 'MapleStory' and 'Lineage', as well as the newly released 'Polarisia Chronicles', Orange anticipates a positive impact on revenue for the coming year.
Source: YAHOO
Reported about 1 year ago
As of June 20, 2024, global financial markets have performed strongly this year, but investors are concerned about the risks of a pullback after the rise. Foreign banks believe that despite facing a strong US dollar, high interest rates, and geopolitical risks, market volatility is still decreasing, with the VIX fear index at very low levels. Unless three major catalysts occur, such as unexpected inflation surge, heightened geopolitical risks, or a US election outcome exceeding expectations, a significant stock market pullback is unlikely, causing minimal concern for investors.
Source: YAHOO
Reported about 1 year ago
Delta Electronics (1309) saw a boost in May performance, with the stock price rising to 16.7 yuan on June 20th due to specific low bid orders entering, hitting the limit up at the end of the session with trading volume surging to 6,248 shares, including foreign net buying of 1,621 shares and proprietary traders adding 11 shares. The stock price broke through the pressure at 15.2 yuan, showing strength in both long and short positions, above various short-term moving averages, setting up to challenge the yearly high at 16.92 yuan. Revenue for the first five months increased by 16.48%. Actively expanding into new markets, ABS developed markets in India, Egypt, and Southeast Asia last year, with China's sales share dropping to 23%; GPS developed markets in Central and South America, Africa, and the Middle East, with last year's China share dropping to 11%. ABS's China share in the first quarter of this year was 17%, while GPS's was 16%.
Source: YAHOO
Reported about 1 year ago
A fire broke out at Taiwan Micron's Plant 1 (Houli Plant) on June 20, 2024, with gas leakage and white smoke reported, but was quickly extinguished by on-site personnel before the fire department arrived, and no injuries were reported. The cause of the fire is yet to be determined, with Micron yet to provide an official response until 9:30 PM. The impact of the fire on DRAM prices remains uncertain, as current spot prices are stable, albeit different from contract prices due to slow end-demand recovery. Micron, accounting for 19.2% of the global DRAM market alongside Samsung and SK Hynix, remains a key player in the industry, with ongoing advancements in memory technologies and successful product developments like the HBM3E expected to boost market share. Analysts anticipate positive financial results for Micron's upcoming earnings announcement on June 26, 2024, considering the overall shortage in memory supply in 2024 and 2025 due to a lack of new investments in smart device permanent storage capacities.
Source: YAHOO
Reported about 1 year ago
In Taipei on June 20, 2024, at 4:10 PM, various government agencies worked together to launch a financial account early warning mechanism and successfully blocked thousands of suspicious scheduled transfers in April. The gray list mechanism proved effective, with 19.38% of questionable transfers being stopped. This collaborative effort aims to detect and prevent fraud, with measures including setting up a gray list notification platform for financial institutions and enhancing risk management in online banking and scheduled transfers.
Source: YAHOO