Reported about 1 year ago
Benefiting from the bullish trend in the Taiwan stock market, Yuanta Financial's stock price rose by 5.47% to NT$33.75, with a 19% year-on-year increase in net profit to NT$2.515 billion in May. Overall, the 14 financial holding companies in Taiwan collectively earned NT$52.65 billion in May, doubling from last year and surpassing the 2021 record. Fubon Financial, with a net profit of NT$16.02 billion in May and a total of NT$59.43 billion in the first five months, reclaimed the profit king title among the financial holdings. With the weighted index breaking the 23,000 mark, financial stocks like Yuanta Financial and Fubon Financial showed significant gains, reflecting the strong performance in the stock market.
Source: YAHOO
Reported about 1 year ago
Taipei, June 19, 2024 - Taiwan Stock Exchange announced that Tianhong (6937) has met the requirements for margin trading and securities lending after being listed for more than 6 months since December 12 last year. Effective from June 20, the company can now engage in credit transactions. In other news, Hong De Energy is making strides in green energy and the stock market is influenced by various factors.
Source: YAHOO
Reported about 1 year ago
The Taiwan Securities and Futures Market Development Fund Foundation signed a memorandum of understanding with the Asian Institute of Digital Finance-National University of Singapore on June 19th, 2024. Both parties expressed their willingness to cooperate in promoting various projects for nurturing digital finance talent, including organizing training courses, industry-academia collaborations, mutual visits, international seminars, and more. This collaboration aims to enhance the competitiveness of financial industry players in financial technology.
Source: YAHOO
Reported about 1 year ago
Chunghwa Telecom and Taiwan Mobile have deepened their AI strategy by expanding cooperation with NVIDIA. Chunghwa Telecom has purchased DGX H100 from NVIDIA, and through their AI 2.0 program, they are deploying various AI applications internally before expanding to external clients and government agencies. Additionally, Taiwan Mobile is upgrading its services with NVIDIA to provide a highly realistic 3D interactive experience through the launch of Graphics Delivery Network (GDN) in partnership with GeForce NOW cloud gaming service, utilizing NVIDIA's global cloud-to-edge streaming infrastructure.
Source: YAHOO
Reported about 1 year ago
On June 2, Huang Renxun presented a two-hour lecture at the National Taiwan University Sports Center, revealing a list of 43 Taiwanese partner companies, causing a stir in the stock market. The unexpected inclusion of YSY into the list saw a surge in their stock price, while other companies like Qihong and Shuanghong faced declines. Following this, Qihong’s chairman utilized an opportunity during a shareholders' meeting to emphasize the company's role with NVIDIA, while companies like Foxconn also showed their support to attract NVIDIA's attention, leading to a significant increase in stock prices.
Source: YAHOO
Reported about 1 year ago
Held on June 19, 2024, at 4:10 pm, the Director of the Economic Development Department of the New Taipei City Government, Ho Yi-ming, presented a specialized report at a municipal meeting with the theme of '1234 Smart Economic Development Styles. 2024: Glory of New Taipei City', highlighting recent industrial promotion achievements and the strategic application of the '4 smart economic development styles' to advance industrial development in New Taipei. The city aims to leverage industry clustering, flexible land use, abundant talent, and green energy coordination as key benefits in AI industry development, intending to establish a foundation for the New Taipei AI City, fostering a new economic landscape. Mayor Hou You-yi stated that New Taipei is home to 26 key upstream and downstream AI companies, driving the city to become an AI foundational city through core industry clustering that includes manufacturing and ICT sectors. He emphasized New Taipei's stable and conducive economic environment, which has laid a solid foundation for smart city development amidst the global AI wave. New Taipei will continue to enhance industry support to provide innovative services and employment opportunities for residents. With a focus on attracting talent, the department will collaborate closely with 24 colleges and universities in Northern Taiwan to promote international talent matching, including 13 New Taipei-based institutions offering AI programs like Tamkang University and Fu Jen University. Additionally, in terms of coordinated green and stable energy, New Taipei has pioneered enterprise carbon health check services to ensure stable power supply from generation to transmission. The city will persist in co-creating the future of smart cities with businesses, advancing the 'One-stop Investment Attraction', 'Dual Energy. Dual Axis Transformation', 'Triple Force', and 'City of Prosperity' 4 styles of smart economic development, aiming to promote prosperity in all sectors and enhance the city's economy together. (Advertisement by New Taipei City Government Economic Development Department)
Source: YAHOO
Reported about 1 year ago
During the shareholder meeting on June 19, 2024, Silicon Intellectual Property (IP) giant Largan (3529) successfully passed resolutions such as the reelection of directors and acknowledgment of financial reports. Largan announced its initiation of the development of the 2nm process, aiming to inject momentum into future royalty growth. With key figures from TSMC joining Largan's board and with plans to enter the 2nm IP market in collaboration with TSMC, Largan is strategically positioning itself in advanced manufacturing processes. Despite economic challenges, Largan remains proactive in expanding its technology, collaborating with foundries, and diversifying revenue streams, showcasing stable growth in royalty income.
Source: YAHOO
Reported about 1 year ago
Zhenwei Biotechnology, founded by a group of Ph.D. graduates from the biotechnology industry of National Cheng Kung University, has made significant progress in analyzing the 'inflammatory response' in the laboratory over the years. Since winning the first prize of the Innovative Entrepreneurship Incentive Program (FITI) in 2018, they have developed a variety of antibody drugs, peptide drugs, and diagnostic reagents for tracking disease progression targeting key proteins for the treatment of chronic diseases. The company also extends their technology to the skincare line 'Zhenqi Skin'. By targeting common inflammatory response factors activated by various stimuli, Zhenwei Biotechnology has developed peptide inhibitors aiming to simplify and directly address chronic inflammatory diseases caused by abnormal inflammatory responses. The company is dedicated to developing drugs not only for human chronic inflammatory diseases but also exploring the application of peptide products in various fields. Zhenwei Biotechnology is also striving to expand into the skincare, medical diagnostics, pet medical drugs, and health food markets to support their key protein antibody drug in auxiliary cancer treatment and clinical trials for conditions such as pulmonary fibrosis post-pandemic. The general manager, Du Junyi, expressed the company's hope to achieve the goal of 'broad-spectrum drugs' through their antibody drugs in the near future, after completing preclinical animal testing in the current drug development process.
Source: YAHOO
Reported about 1 year ago
Taiwan's futures market rose by 439 points on June 19, closing at 23,225 points with positive spreads in various sectors. Foreign investors reduced their net short positions by 1,342 contracts to 11,596 contracts, while specific institutional investors decreased their net short positions by 7,425 contracts. Options open interest saw changes with a bearish bias and the overall market remained bullish with strong performances from electronic stocks like TSMC, UMC, and others contributing significantly to the index rise.
Source: YAHOO
Reported about 1 year ago
The U.S. Federal Reserve decided to maintain interest rates in June 19, 2024, indicating a strong economy, with expectations that Chair Powell will set a lower threshold for starting interest rate cuts if inflation further slows down. This could boost the performance of risk assets like stocks and credit bonds. Global central banks, including the ECB and Bank of Canada, are expected to lead the way in cutting interest rates ahead of the Fed, spurring investment in high-yield bonds. With improved overall tech bond yields, narrowing credit spreads, and positive economic and industry fundamentals, non-investment grade bonds are supported. It's suggested to focus on B-BB rated companies with strong quarterly financials and optimistic future outlooks in industries like computers, semiconductors, fintech, and antivirus software. Market conditions indicate reduced attractiveness of U.S. credit bonds due to rising interest rate risks, while European and global bonds are becoming more appealing. In this context, it's recommended to maintain a mid-term duration amid delayed Fed rate cuts expectations. Priority asset-backed non-investment grade bonds are favored against default risks, especially during market volatility. The outlook is positive for raw materials, automotive, energy, and leisure industries. Fund managers suggest that subdued inflation and rising rate cut expectations favor bond investments, with all credit ratings expected to benefit. Historical trends show that about six months before rate cuts, market rates tend to trend downward, presenting a good opportunity to enter the market while yields are relatively high. With a focus on mid-range to high-rated investment and non-investment grade bonds, the ability to take on credit risk and choose ratings with favorable spreads can enhance return potential and investment efficiency.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, in the securities news center at 4:10 PM: Shareholders' meetings for companies like Formosa Plastics, Uni-President, Zhonghuan Semiconductor, Lungteh Shipbuilding, Goliath, and Silergy, ex-dividend and ex-rights for companies like Yulon Motor, Acer, Sheraton, AUO Photonics, and Wah Lee, and analyst meetings for various companies were highlighted. The report also mentions specific stocks to watch, stocks to dispose, changes in financing ratios for certain companies, and updates on the electronics industry with news about iPhone assembly and expanded production by Liantai, predictions of decreased TV panel shipments by 3% next year, and the impact of the strong US economy on the global economy.
Source: YAHOO
Reported about 1 year ago
Due to the turbulent European political situation affecting the luxury goods market, Italian fashion brand Golden Goose announced on June 18th that it would delay its IPO in Milan. This decision was attributed to the European Parliament elections and early elections in France, leading to a 'clear deterioration' of market conditions. Golden Goose, known for its 'dirty sneakers' worn by celebrities like Taylor Swift, Gong Yoo, Song Joong Ki, Jolin Tsai, and Yang Mi, had planned to go public on the 21st with a share price set at €9.75, at the lower end of its target range of €9.50 to €10.50, aiming for a valuation of €1.86 billion. The company's shareholder, private equity firm Permira, planned to sell 30% of its stake for up to €558 million, including Invesco's agreed investment of €100 million. Golden Goose expressed that current market conditions, influenced by the European elections and early French elections, were not suitable for the IPO and stated that they would reassess the timing in the future.
Source: YAHOO
Reported about 1 year ago
TOYOTA於澎湖市成立了第一個全台離島的原廠據點，提供車主全方位的汽車服務。和泰車強調持續拓展服務據點，以提供更優質的原廠服務給TOYOTA車主。
Source: YAHOO
Reported about 1 year ago
Rumors of financial fraud among some listed Chinese companies have been widespread, with light and symbolic penalties imposed. Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized that criminal accountability is underway in these cases and some individuals will face imprisonment. Wu Qing outlined eight measures, including protecting investors and launching reforms to support technological innovation and productivity. The case of Fangzheng Electric, which falsified financial reports for five consecutive years, received criticism for insufficient penalties, such as a fine of 6.1 million RMB. Wu Qing stressed the importance of investor protection, strict supervision, and maintaining market fairness. The China Securities Regulatory Commission introduced eight reform measures for the scientific innovation board to promote a healthy market environment and support Chinese companies listed abroad.
Source: YAHOO
Reported about 1 year ago
In Taipei on June 19, 2024, the Taiwan Stock Exchange collaborates with Ernst & Young to facilitate the sustainable development of innovative enterprises. They hold the 'Innovation x Sustainability Innovative Enterprise Matchmaking Session' with the first successful event occurring in May. The upcoming event on the 19th aims to provide a platform for innovative companies and investment institutions to accelerate business opportunities and resources. The event features 10 innovative enterprises spanning areas such as intelligent and sustainable applications, with a focus on building partnerships for further cooperation and growth.
Source: YAHOO
Reported about 1 year ago
Quanta's stock price closed at 316 yuan, reaching a new high not seen since August 26, 1999. With a market value of 1.22 trillion yuan, Quanta jumped to the fourth rank on the Taiwan Stock Exchange, following only TSMC, Hon Hai, and MediaTek. Chairman Lin Baili's optimism about the future of AI has boosted investor confidence, as the company anticipates a strong performance in the second half of the year with AI servers accounting for over 60% of revenue. Additionally, Quanta's continued expansion in the server market, particularly with the NVIDIA GB200 server, is expected to drive further growth.
Source: YAHOO
Reported about 1 year ago
Hanxing disclosed at a financial conference that their high education aircraft, the 'Yongying,' has entered peak production this year. The Ministry of National Defense has allocated a five-year contract for maintenance and logistics support for the 'Yongying' aircraft, with a total amount exceeding 16.2 billion NTD. Hanxing has signed an aircraft maintenance and repair outsourcing contract with the Ministry of National Defense, worth over 4 billion NTD, to secure future operations. Additionally, Hanxing achieved a record-breaking quarterly revenue in the first quarter and saw growth in profits. Their defense sector remains the main revenue contributor, while civil aviation business has shown growth due to the international travel recovery. Hanxing is focusing on profit-making products and advancing composite material technology for future aircraft development opportunities.
Source: YAHOO
Reported about 1 year ago
Sinphonic Optoelectronics, the creator of Oke good sound assistive hearing aids, has launched a new upgraded version with Bluetooth and noise reduction features, catering to the real needs of users who are hard of hearing. By enhancing Bluetooth and noise reduction functions, the latest generation of Oke good sound assistive hearing aids aims to provide a better listening experience and alleviate the inconvenience caused by unclear hearing or unsuitable assistive aids in daily life. Sinphonic Optoelectronics continues its efforts in creating the best solutions for Bluetooth and noise reduction issues with its detachable products, offering users a more enjoyable communication experience while attending events, concerts, or engaging in daily activities.
Source: YAHOO
Reported about 1 year ago
During Ascentech's shareholders meeting, Chairman Chen Shu-Min announced that the low Earth orbit satellite business, which accounted for around 15% of revenue last year, is expected to exceed 40% by the end of the second quarter as planned. The company will expand production capacity in Southeast Asia to meet the growing demands in the satellite communication industry, utilizing tax incentives and aiming for better tax efficiency. With a strong order backlog, the company anticipates a revenue and profit growth this year, showing optimism for future expansion and performance improvement.
Source: YAHOO
Reported about 1 year ago
Wei Qiaoyi, Wu Qilun/Taipei Report June 19, 2024, 4:10 PM Individual investors have transformed into new domestic investors, supporting the upward trend of the Taiwan Stock Market. Among the top ten Taiwan stock ETFs, eight have reached new record highs since listing. The performance of Taiwan stock funds and ETFs has been outstanding, with 19 funds outperforming the market by 26.92% since the beginning of the year, and 71 outperforming the market by 4.43% in the past week. Funds like Fuh Hwa Fuh Hwa and Cathay Site National Digital Age Fund have seen significant gains. These funds, along with ETFs, fueled by retail investors, have become new domestic investors supporting the continuous rise of the Taiwan Stock Market.
Source: YAHOO
Reported about 1 year ago
A recent UN report highlighted the slow progress in carbon reduction globally and emphasized the need for increased energy efficiency and renewable energy capacity to meet the Paris Agreement goals. The completion of the world's first molten salt energy storage plant in Esbjerg, Denmark signifies a significant milestone in advancing long-duration energy storage technology. Funded by Denmark's EUDP program, the project aims to facilitate the storage of renewable energy and promote sustainable energy transition. The project is expected to fully commercialize by 2026, storing renewable energy in molten hydroxide salt at high temperatures to support various industrial processes and energy production while reducing carbon emissions.
Source: YAHOO
Reported about 1 year ago
Taiwanese kitchen and bathroom appliance brand, Sakura, announced at their shareholder meeting that they will be launching an AI smart kitchen system, 'SAKURA AI KITCHEN', at the end of June 2024. This new system, incorporating features like AI range hoods, AI gas stoves, and AI smart kitchen cabinet systems, is expected to lead the market in innovation and customization. Leveraging their 45 years of experience and a user database of 7 million, Sakura aims to seize opportunities in new development projects and household replacements with their AI-integrated products. This move signifies Sakura's commitment to innovation and market leadership in the kitchen appliance industry.
Source: YAHOO
Reported about 1 year ago
Google Taiwan recently held a press conference for the 'Google Cybersecurity Talent Development Program', partnering with National Taipei University of Technology's Industry-Academia Collaboration Office, the Institute for Information Industry, and other industry partners. The goal is to collaborate in cultivating 2,000 cybersecurity professionals by the end of 2025 to create a more secure and resilient digital environment in Taiwan. The initiative aims to bridge the gap between academia and industry, elevate students' professional skills, and enhance Taiwan's digital security infrastructure.
Source: YAHOO
Reported about 1 year ago
Benefiting from the recovery of commercial PC demand, the first quarter of 2024 saw Taiwan's PC market shipments performing better than expected, with a total of 489,000 units according to IDC. Although there was a 2.9% year-on-year decrease, commercial PCs ended a five-quarter decline and began to grow annually by 2.1%, with commercial laptops showing growth for two consecutive quarters. IDC predicts a further 3.3% year-on-year decrease in PC shipments in the first half of 2024, but with the introduction of AI PCs in the second half, the market is expected to grow by 1.2% compared to the same period last year. Nevertheless, IDC expects a slight decline of 2.8% in desktop shipments and a growth of 0.8% in laptops for the entire year, lower than the earlier forecast of 1.9% growth, with an overall decrease of 1% year-on-year. Looking ahead, the increasing development of AI applications towards personal devices and the discontinuation of Windows 10 support by Microsoft in 2025, along with the accelerated adoption of AI applications, are expected to stimulate a replacement cycle in the market.
Source: YAHOO
Reported about 1 year ago
As of 4:10 pm on June 19, 2024, Longyuan (5530) held 1,061 shares of TSMC. With TSMC's stock price hitting a new high on the 19th, investors expect Longyuan to benefit, attracting buying interest and closing at 53.5 yuan, a new short-term high with a 9.07% increase, pulling a long red K bar. The daily K value continues to cross the D value upwards, and the monthly line has been up for five consecutive months. Despite a nearly 41.8 billion yuan contractual liability and a 0.67% year-on-year revenue decline to 1.668 billion yuan in the first five months of this year, prospects are promising given the aging population trend.
Source: YAHOO