Reported about 1 year ago
During Nan Shan Life's shareholder meeting on June 19, 2024, Chairman Yen Chung-yao announced the completion of their new commercial office buildings in the Xinyi development area. By 2027, over 90,000 ping of premium commercial office space will be available for rent, potentially bringing an estimated stable rental income of about 5 billion NTD annually. Nan Shan Life's aggressive real estate investments in the Xinyi area indicate their rise as a major landlord and commercial office operator, surpassing competitors like Fubon Life. Despite rising interest rates affecting investment returns, Nan Shan Life plans to continue expanding its real estate portfolio with new properties, such as a chemical warehouse in Tainan.
Source: YAHOO
Reported about 1 year ago
According to VASP Association, different countries have varying approaches to regulating virtual assets. VASP pointed out similarities between Taiwan and Japan's Virtual Currency Exchange Association (JVCEA), highlighting the possibility of learning from JVCEA's practices. The JVCEA, formed in response to hacking incidents in the past, now works closely with financial authorities in implementing clear regulatory measures. Japan's proactive regulation includes self-regulatory norms, government-established laws, and detailed guidelines, with about 10 million virtual asset accounts in Japan. Through JVCEA, industry standards and government compliance are achieved, covering areas such as insider trading, anti-money laundering, wallet regulations, and cybersecurity readiness.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, at 4:10 PM, Chen Ruijue, the general manager of KGI Futures, will transfer to Chairman of Fubon Futures, with Fubon Financial Holding and Fubon Bank set to announce the news soon. In the securities industry, it is expected that KGI Futures' new general manager will be promoted internally, with Senior Vice President Wang Dunren likely to take over. Following Chen Ruijue's appointment, Fubon Securities' general manager, Guo Yongyi, will become solely responsible for securities business, and these two personnel changes are set to take effect from July. Chen Ruijue has been involved in the futures industry for nearly 30 years, holding various positions such as Chairman and General Manager of Sinopac Futures, Director of KGI Capital, and others. Throughout his almost 20-year tenure at KGI Futures, he successfully led the company towards growth and achieved a 20% market share in the options market, closely competing with Yuanta Futures.
Source: YAHOO
Reported about 1 year ago
The Financial Supervisory Commission (FSC) is promoting Trust 2.0, which has shown positive results through active inter-agency communication. The Secretary-General of the Trust Association, Lu Hui-rong, pointed out that in the past, houses under 'trusts for the benefit of others' were not considered self-occupied residences, leading to higher tax rates. However, after efforts from the Trust Association and various sectors to communicate with the Ministry of Finance, the Ministry has recently issued a new directive allowing such trusts to be taxed at the self-occupancy tax rate for land and property taxes. This change aims to provide tax benefits for trust properties used to care for disabled family members or minors.
Source: YAHOO
Reported about 1 year ago
Shen Meixing / Hsinchu reported on June 19, 2024, at 4:10 pm, Powerchip's General Manager Xie Hanzhang chaired the company's shareholders' meeting. Powerchip's heavy electrical business has started receiving orders for 2027, with an optimistic outlook until 2030, expecting better operational performance each quarter this year compared to the same period last year. The company anticipates a more than 20% increase in the heavy electrical business's performance this year, with a chance to achieve record-breaking revenue and profits for the full year. The company is actively developing AI and semiconductor equipment for AI servers and liquid cooling systems, aiming to contribute to revenue next year.
Source: YAHOO
Reported about 1 year ago
Taiwan Fertilizer Co. unveiled its new business unit, the 'Forward-looking Business Research Center,' on June 19, 2024, at its plant in Miaoli. The center will serve as its platform for clean energy, focusing on three key areas: the development of clean energy products, eco-friendly fertilizers, and the promotion of high-end chemicals for semiconductors. The company plans to focus on promoting ammonia as a source of hydrogen energy with zero carbon emissions. Taiwan Fertilizer has already initiated collaborations with over ten companies in Taiwan, Europe, and Japan to form an international 'Ammonia Energy Alliance,' aiming for sustainable development across various industries.
Source: YAHOO
Reported about 1 year ago
As the demand for AI computing power increases, cloud data center architectures are shifting, with traditional air cooling reaching its limits in handling high chip heat levels. Immersive liquid cooling has emerged as the future solution, with single-phase immersion cooling technology being mature and actively pursued by companies like Wiwynn and Gigabyte. The liquid cooling market is projected to reach $6.215 billion by 2025, with companies focusing on efficient cooling solutions to reduce energy consumption for high-performance servers.
Source: YAHOO
Reported about 1 year ago
Reported by Peng Weilin in Taipei on June 19, 2024, at 4:10 PM, the major power supply manufacturer Delta Electronics (2308) is set for shipment of the Huida GB 200 server, with foreign investors optimistic about its momentum in the second half of the year, upgrading its rating to 'Buy' and significantly raising the target price. Delta Electronics has seen continued buy support from the three major institutional investors for 6 consecutive days, with a total surplus of 32,000 shares, and the stock price has broken through the previous high of 365 yuan. Institutional analysts noted that Delta Electronics' high-performance AI server power supply to server assembly plants like Foxconn has concentrated large orders in the second half of the year, with the first batch of GB 200 soon to be launched, transitioning Delta Electronics' power supplies into the shipping phase. Currently, AI-related power products account for about 5% of revenue, have a market share exceeding 50%, and have raised the market share of DC-to-DC AI power supplies to 75%. AI liquid cooling products are expected to ship in 2025. Analysts are optimistic about developments in non-AI areas such as cloud computing, sensors, and consumer products. AI PCs and gaming machines will be successively launched, enhancing the momentum in consumer products. Industrial automation business is expected to see double-digit growth in the second half, while electric vehicle orders may decrease by 10%, but profits continue to rise. *【Warrant investment carries risks. The information in this section is for reference only and does not constitute an invitation, solicitation, or any other recommendation, readers are advised to carefully consider.】For more Commercial Times reports, 16 green energy concept stocks with potential, and Taiwan Hwacom: Dominant seller in shipping market in H1 next year; China and Switzerland plan stock market connectivity.
Source: YAHOO
Reported about 1 year ago
The '2024 Foreign Investment Selects Top 100 Companies in Taiwan' (FINI 100) list will be announced in September. The Taiwan Institute of Directors revealed that the top 100 companies account for 46% of the total market cap. The average market cap of these companies is $3.3 billion USD, with the total market cap of FINI 100 being 3.7 times the market average excluding TSMC's market cap. Notably, the average foreign ownership of the top 100 companies is 26%, three times higher than the market average, with a 6.2% increase in foreign ownership. Among the industry sectors, technology has the most representation with 71 companies, followed by manufacturing with 19 companies, consumer goods with 7 companies, real estate with 2 companies, and healthcare with 1 company. The Taiwan Institute of Directors emphasized the growing potential of middle-sized companies and highlighted the importance of international growth and strategic decision-making at their annual conference held on June 19th.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, Dr. Dan Ji, Honorary Professor at National Central University and Member of the Asia Pacific Industry Analysis Professional Advancement Association (APIAA), discussed the significance of the Comparative Advantage theory and the Heckscher-Ohlin (H-O) model in international trade. However, the impact of technological advancement on production efficiency and capacity, through product and process innovation, challenges the traditional H-O model. The concept of creative destruction by Joseph Schumpeter explains how innovations like NVIDIA's GPUs can revolutionize markets. Markets are constantly reshaped by disruptive innovations, exemplified by the rise of electric vehicles from China in the automotive industry, amid high tariff barriers among nations. Whether the Overcapacity theory can withstand the winds of disruptive innovation forecasts the future of international trade dynamics.
Source: YAHOO
Reported about 1 year ago
India's IPO market has been thriving since last year, with a total of 130 companies listed in 2024 raising a total of INR 313 billion. This pace suggests that India is on track to surpass last year's IPO numbers and set a new record. The surge in IPOs in India is attributed to policies from the Securities and Exchange Board of India, increasing retail investor participation, and a bullish stock market, particularly driven by technology startups like Swiggy, Ixigo, Unicomcommerce, and MobiKwik. Indian IPOs are not only attracting domestic companies but also expanding their appeal to foreign companies like Hyundai India aiming to raise $2.5 billion through IPO. However, concerns have been raised about the overheated market valuations, with India's stock market currently valued at around 21 times earnings.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, Clouded Leopard Energy (6869) became Taiwan's first company to transfer from the Innovation Board to the Main Board. However, its stock price fell by 3.81% on the first day of listing to close at NT$139. With a revenue growth of 4.33% in the first five months of this year and the upcoming traditional peak season in the second half of the year, driven by energy storage projects and progress in sewage treatment contracts, coupled with a significant increase in electricity sales revenue, the growth momentum for this year appears promising. Clouded Leopard Energy focuses on green energy, environmental protection, and circular economy, aiming for long-term stable returns. The company is expanding its reach to the Asia-Pacific region, collaborating with partners to invest in various energy projects and renewable energy development overseas for higher investment returns.
Source: YAHOO
Reported about 1 year ago
The Taiwan Directors Institute held its annual meeting on June 19, 2024, where founder Tsai Hong-qing released the '2024 Taiwan Board of Directors White Paper,' pointing out concerns behind Taiwan's rapid capital market growth. The white paper analyzed Taiwan's international competitiveness and urged support for small and medium-sized enterprises to enhance their global competitiveness through capital market access. Despite Taiwan's strong GDP performance, concerns remain about company size, profitability rates, and return on equity. The institute emphasizes the need for strategic measures to sustain Taiwan's economic progress in the long term.
Source: YAHOO
Reported about 1 year ago
During the shareholders meeting on June 19, 2024, Chairman of PChome, Jameson Tan, stated the company will continue expanding without layoffs after restructuring. Due to cost reduction and profits from subsidiaries, PChome's losses in the first quarter of this year decreased, with similar performance expected in the following quarters aiming to return to profitability by the end of the year. Tan expressed dissatisfaction with the undervaluation of PChome in the market and hopes to gain recognition through restructuring and subsidiary contributions. Despite the challenging e-commerce profit margins, Tan emphasized PChome's strategy to earn profits and continue expanding as a necessary move for the company, especially in the competitive 3C product market.
Source: YAHOO
Reported about 1 year ago
On June 18, 2024, the International Monetary Fund (IMF) and the People's Bank of China jointly announced the establishment of a new IMF regional center in Shanghai to strengthen IMF's work and partnerships in the Asia-Pacific region. This center is expected to serve as a hub for research, providing policy insights for emerging markets and middle-income countries. The center aims to deepen understanding of member countries' perspectives and promote international economic cooperation, enhancing financial stability globally and regionally. China has the second-largest IMF quota, and with the center's establishment, it will facilitate communication with regional members and stakeholders for targeted capacity-building activities.
Source: YAHOO
Reported about 1 year ago
In an announcement on June 19, 2024, First Life Insurance stated that General Manager Lin Yuanhui had applied for retirement, which will take effect on June 28. Lin will also step down as the legal representative director of First Financial Holding in First Life Insurance. Yang Qicai, the chairman of First Life Insurance, will temporarily take on the role of general manager, with a new appointment to be announced after a board meeting. Independent director of First Life Insurance and lawyer at Hongjian International Law Firm, Deng Yihong, also resigned due to personal reasons, effective immediately from June 19. Lin Yuanhui has been the general manager of First Life Insurance for over 15 years and four months, with over 30 years of experience in the life insurance industry, serving in various capacities in both domestic and foreign life insurance companies.
Source: YAHOO
Reported about 1 year ago
Compiled by Huang Yanhong from South China Futures Advisory Department on June 19, 2024, at 4:10 PM. The semiconductor industry is predicted to enter a golden age in the next decade, especially with the expansion of automotive electronics and big data solutions, further driving innovation and growth in semiconductor technology. Utilizing Taiwan Futures Exchange's Semiconductor 30 Futures (SOF) provides trading opportunities with high volatility, strategic trading operations, and risk management tools for traders in the industry sector. With rapid advancements in AI and other digital technologies, the semiconductor industry showcases significant growth potential, with global semiconductor output expected to increase by 16% in 2024, and memory and logic semiconductor output projected to continue growing at a rate of 12.5% until 2025. Recent developments like Apple's AI system phone launch and Nvidia's stock split have maintained strong performance, with Nvidia surpassing Microsoft's market value and becoming the world's largest company by market capitalization, driving the Nasdaq Index to new highs. Analyzing the Nasdaq Index from a technical perspective, the index experienced oscillation and consolidation near the monthly line by the end of May, but after about a week of digesting selling pressure, it rebounded, crossed various moving averages, continued upwards along the 5-day moving average, frequently hitting new highs. Hence, the 5-day moving average can be seen as a support level, and as long as the index doesn't break below this support, there is a chance for continuous upward movement. In addition, FarEasTone establishing a 5G Metaverse accelerator, MassKo Biomedical receiving investment cooperation from Japanese companies, and the introduction of AR HUD for electric vehicles are covered, showing innovation and collaboration in various industry sectors.
Source: YAHOO
Reported about 1 year ago
The leading Taiwanese home furnishing brand Euro Group, with the motto 'Life Starts with Ideas,' is investing 3.3 billion in constructing an international logistics center in the Sha Lun Industrial Park in Taoyuan. This center will be equipped with state-of-the-art automation production equipment, green and renewable energy facilities to create a differentiation competitive edge and provide high-quality living for consumers. The new smart factory will upgrade production processes with fault prediction, precision compensation, intelligent digital setting, and intelligent scheduling. By implementing automated warehousing systems, computerized inventory management, and database control systems, they aim to enhance inventory management, manpower integration, work efficiency, and uphold a zero-carbon emissions commitment through energy-saving and renewable energy equipment along with creating a conducive work environment for employees.
Source: YAHOO
Reported about 1 year ago
Benefiting from new process assistance from Intel and other manufacturers, the recycled wafer industry leader, Zhongsha, is set to thrive. With Intel's successful production of the 20A process, the supply chain is beginning to provide recycled wafers, with potential future expansion to diamond discs aiding Intel's PowerVia crystal back power supply technology. As the industry moves towards 2 nanometers, Zhongsha, a recycled wafer manufacturer in Taiwan, is expected to excel alongside major American and Taiwanese companies as the demand for advanced technology increases.
Source: YAHOO
Reported about 1 year ago
The EU will start imposing tariffs on electric vehicles from Mainland China starting July 4, prompting strong dissatisfaction from China. Vice Premier of China's State Council Ding Xuezhang criticized the EU's move as typical protectionism, not beneficial to the EU's green transition, and emphasized China's firm determination to safeguard its legitimate interests. Suggestions were made for China to consider raising temporary tariffs on imported large-displacement gasoline vehicles to 25%. The article also discusses the potential retaliation actions from China in response to the EU's tariff increase on Chinese electric vehicles, highlighting the impact on global climate change cooperation and trade relations between the two regions.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, the Taiwan stock market hit a historical high, with 38 Taiwan Stock Exchange-traded funds (ETFs) also reaching new highs. Among the top ten Taiwan Stock Exchange prototype ETFs in the past month, semiconductor ETFs dominated, with the New Taiwan Semiconductor 30 ETF (00904) showing the best performance, followed by the Fubon Technology ETF (0052) and the Fubon Taiwan Semiconductor ETF (00892). Analysts highlighted the strong performance of technology stocks and the semiconductor industry, recommending investments in semiconductor or technology ETFs to capitalize on the bullish trend of the Taiwan stock market.
Source: YAHOO
Reported about 1 year ago
Sun Binxun/Taipei report on June 19, 2024, at 4:10 p.m., the chairman of An Tai Bank, Yu Yuqi, stated during the shareholder meeting that the bank will focus on both business development and financial stability in the second half of the year, emphasizing three core points: optimizing asset portfolio, channel operations, and deepening risk management. The shareholders approved a cash dividend of 0.38 yuan per share, continuing the tradition of 14 years of consecutive dividend payouts. Yu mentioned strategies to balance business growth, enhance brand value, and strengthen risk governance and human capital to ensure sustainable growth and improve customer experience.
Source: YAHOO
Reported about 1 year ago
On June 19, 2024, 4:10 PM, Ding Jia Energy Co., Ltd., specializing in hydrogen purification and recovery as well as hydrogen safety management, with a team of experts from ITRI, has secured the SEMI S2 certification. Their electrochemical hydrogen purification and recovery equipment can purify and recycle process emissions for reuse or power generation, emphasizing environmental protection, energy conservation, and carbon reduction benefits. In 2023, they also introduced the DHC convective hydrogen remover, which safely converts hydrogen into water vapor at room temperature without the need for electricity, thus avoiding the danger of hydrogen accumulation and explosion. For more details, refer to the Business Times article covering topics like the Taiwanese stock funds, Far EasTone establishing a 5G metaverse accelerator, and the ongoing support for TSMC’s dominance.
Source: YAHOO
Reported about 1 year ago
法商Schneider Electric宣布與NVIDIA合作，推出AI資料中心參考設計，重新定義資料中心生態系中部署和運行AI的基準，成為產業革新的重要里程碑。施耐德電機將針對NVIDIA加速運算叢集推出尖端資料中心參考設計，致力於提供必要的工具和資源，幫助基礎設施導入AI解決方案，並確保設備可靠運行，以推動各產業的創新和數位轉型。
Source: YAHOO
Reported about 1 year ago
Guo and Tian/Taipei report on June 19, 2024, at 4:10 PM. Property Hoarding Tax 2.0 is set to be implemented next month, with a 4.8% heavy tax on developers' luxury houses and unsold properties, prompting a quick sale of such properties. Real estate agents have noted a rise in transactions of luxury properties held by developers for over five years since the approval of the Property Hoarding Tax 2.0. Developers are rushing to sell these properties to reduce holding costs before the new tax policy takes effect.
Source: YAHOO