Reported about 1 year ago
Chang Hwa Bank, in cooperation with Changhua County Government, held a signing ceremony on June 17, 2024, to support the first self-redevelopment project. The project involves renovating a building that had been abandoned for years due to fire damage, with Chang Hwa Bank offering full financing to the landowners. By embracing green finance initiatives, the bank aims to promote urban redevelopment in line with government policies. The project will transform the building into a 26-story residential and commercial complex, enhancing living standards, boosting commerce, and revitalizing the cityscape of Changhua County.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, the Federal Reserve (Fed) chose to hold off on interest rate cuts and reduced expectations for rate cuts this year, even as US inflation continued to cool. The S&P 500 and Nasdaq hit new highs as a result. However, investors exhibited cautious attitudes last week, leading to the largest weekly outflow of US stock funds in 18 months with a net outflow of $21.93 billion. Large funds saw the largest outflow of $14.94 billion, the highest single-week outflow since December 2022. Industry-specific funds saw inflows, especially in the technology sector, while bond funds like US government bond funds and money market funds saw inflows as well.
Source: YAHOO
Reported about 1 year ago
Fong Hsing Steel Factory announced on June 17, 2024, that this week's plate prices for reinforcement bars, steel beams, and scrap steel remain unchanged, marking the ninth consecutive week without a price increase. International scrap steel prices have been stable, construction activities have been affected by rainy weather, and the recent housing control measures by the central bank are not expected to significantly impact steel prices. The decision to maintain prices unchanged this week is considered a reasonable move due to stable international raw material prices and good sales performance despite the previous week's unchanged prices. Weather conditions are currently the main factor affecting steel shipment volumes, while the impact of the central bank's measures on housing market demand is seen as limited.
Source: YAHOO
Reported about 1 year ago
The implementation of the revised policy reform for actual payment medical insurance, which was originally scheduled to start in July, has been delayed until October 1, 2024. This delay is to allow for a buffer period following discussions with the Insurance Association. Starting from October, new insurance claims for accident and hospitalization coverage must be filed with the original receipts, without retroactive effects. The revised policy also introduces a mechanism for sharing insurance claim losses among companies and limits claim amounts. The revised policy for dividend policies will proceed as planned starting from July 1, focusing on transparent dividend mechanisms and cash flow tests.
Source: YAHOO
Reported about 1 year ago
联德控股-KY（4912）计划私募，以并购AI服务器冲压件厂，并已进入议价阶段，最快年底敲定；市场热传的GB200液冷散热模组将于明年第二季量产。在强劲的车用和散热产品需求下，法人预测，联德今年EPS可能挑战8元，明年有机会超过一倍股本。联德将通过私募普通股筹措资金，以并购AI服务器冲压件厂，目标公司年营收约10亿元，利润约1亿元，未来将整合为整体解决方案厂，并计划在台湾或马来西亚独立上市，设定为三至五年内集团营收挑战300亿元的目标。
Source: YAHOO
Reported about 1 year ago
After Apple's AI operating system was announced at the Worldwide Developers Conference on June 17, 2024, tech stocks related to Apple saw a significant increase in stock prices compared to AI stocks, with notable gains in Taiwan's Apple supply chain stocks. Seventeen stocks, including leading companies like Foxconn (2360), experienced significant increases with strong foreign investment. Analysts believe that the introduction of the AI system at WWDC will boost iPhone sales and drive upgrades, making tech stocks a hopeful prospect in the second half of the year despite a slight decrease in foreign investment on the 17th.
Source: YAHOO
Reported about 1 year ago
In collaboration with South Korean QRAFT Fintech Company, First SinoPac Investment Trust has announced the weekly financial risk sentiment signals (market sentiment indicators) for the US and Taiwan markets. The signals suggest the cash level in response to the risk outlook for the upcoming week, indicating a bullish market sentiment for both US and Taiwan stocks. Factors affecting the US market signal this week include low volatility in the S&P 500 index, soft economic data, and the correlation shift between short-term interest rates and commodities, reflecting positive investor sentiment towards future inflation and economic growth. Similarly, in Taiwan, the stock market showed bullish momentum last week with the central bank not raising interest rates but unexpectedly escalating the New Taiwan Dollar reserve requirement to manage market liquidity flow into real estate, signaling a positive outlook on economic stability and growth potential. The AI market risk sentiment signals do not show significant risks that require attention or adjustments to investment portfolio risk allocation, maintaining a bullish outlook in both markets.
Source: YAHOO
Reported about 1 year ago
The patent system aims to promote industrial development, and the transparency and sharing characteristics of patent specifications contribute to achieving various Sustainable Development Goals (SDGs) set by the United Nations, such as equality, health, and environmental protection. Incorporating environmental protection, social responsibility, and corporate governance (ESG) has become one of the ways to realize SDGs. Supporting startups in obtaining patents and implementing sound intellectual property management can not only boost the development of new industries but also serve as a driving force for sustainable expansion of ESG and SDGs. The Active Patent Examination initiative introduced by Taiwan's Intellectual Property Office allows startups to expedite the patent application process, helping them establish intellectual property portfolios swiftly and enhancing their intellectual assets for business growth and reputation enhancement.
Source: YAHOO
Reported about 1 year ago
CIP's regional president, Hsu Nai-wen, announced that the Jing-Miao offshore wind farm has signed contracts for underwater foundations supply, transportation, and installation, marking the first offshore wind farm to sign the final contract for underwater foundations in the 3-1 phase. The project is moving into the CPPA market mechanism and aims to be fully completed and grid-connected by 2027, showcasing Taiwan's commitment to green energy. CIP is collaborating with several companies to achieve this goal, emphasizing the importance of offshore wind energy for Taiwan's energy future.
Source: YAHOO
Reported about 1 year ago
Taiwan's stock market has been performing well recently, with 112 stock funds seeing their net asset values hit record highs by June 14, leading to profits for more than 450,000 investors. Six funds have achieved over 2000% returns since their establishment. Experts advise investors to focus on stock selection and consider actively managed Taiwan stock funds to capitalize on the upward trend. Strong economic fundamentals and industrial structure make Taiwan stocks attractive to foreign investors, with the tech and traditional industries showing growth potential. Factors such as loose monetary policies and upcoming US presidential elections are expected to support a bullish market trend in the second half of the year, particularly in technology stocks related to AI.
Source: YAHOO
Reported about 1 year ago
According to the latest report from automotive data research website iSeeCars on June 17, 2024, secondhand electric car prices are continuing to decline, with an average selling price thousands of dollars cheaper than gasoline-powered cars. The report indicates that the price gap between used electric cars and gasoline cars has widened significantly, with used electric cars experiencing a price drop of 30-39% in the past year, while used gasoline cars only saw a 3-7% decrease. Reasons for this trend include a greater supply of used electric cars on the market, decreasing consumer interest in electric vehicles, and actions by companies like Tesla reducing prices to meet market demand.
Source: YAHOO
Reported about 1 year ago
Established in 2024 by Li Shuilian on June 17th, Yuanxiang has been providing solutions for chip removal and filtering in various milling composite machines. The company has a loyal customer base, including 70% of the major Japanese brands producing composite machines, and covering 90% of imported machines in Taiwan with chip removal and filtering systems. Yuanxiang has recently developed an upgraded version of the smart and energy-efficient chip removal machine, marketed domestically under the trademark 'Conbay Expert' with an early-bird discount for 1,000 units. The newly launched drum single-track filtering chip removal machine has attracted nearly 300 orders since its release, showcasing the company's value creation and establishing itself as a provider of chip removal solutions. With features like compact size, energy-saving, and automated chip discharge, emphasizing on electricity conservation and labor efficiency, the machine has gained popularity in the industry with its unique filtering capabilities catering to both oil-based and water-based filaments.
Source: YAHOO
Reported about 1 year ago
According to the Ministry of Finance, recent discussions on the hot real estate market point to Taichung, New Taipei, and Taoyuan as areas with significant increases in land value tax and individual housing tax. Notably, Taichung led the way in May with the highest individual housing tax collection at 10.94 billion NT dollars, followed closely by New Taipei at 10.51 billion NT dollars, making them the only two cities with individual housing tax collections exceeding 10 billion NT dollars in a single month. Various factors such as economic improvement, stock market growth, and policy housing loans have contributed to the current heated real estate market trend, with notable increases in tax revenues reflecting the uptrend in property transactions.
Source: YAHOO
Reported about 1 year ago
全福公司董事長林群宣布公司將以技轉、新藥臨床雙軌並進策略布局，擬斥資4億元取得工研院授權移轉青光眼眼滴劑及濕式黃斑部病變眼滴劑兩項新藥的開發權。公司總經理徐文祺也指出，全福新藥BRM421已送交FDA審查，當他新藥BRM424正等待通過美國FDA試驗設計變更後將於今年第三季展開二期臨床試驗，而BRM521新藥則透過AI技術選出5個優化新胜*進行後續實驗。林群表示公司致力於眼科藥品研發，並籌資取得更多新藥，以完善眼部疾病治療領域。
Source: YAHOO
Reported about 1 year ago
Neel Kashkari, well-known hawkish official of the Federal Reserve (Fed) and President of the Minneapolis Fed, stated in an interview on June 16 that if the Fed only cuts rates once this year, a rate cut in December would be a reasonable prediction. The market's decreasing expectations for rate cuts have supported the US dollar index, which reached a high of 105.65 on June 17, marking a 0.1% increase. Despite some internal dissent, including Kashkari's views, the Fed remains predominantly hawkish in its stance towards inflation and interest rates.
Source: YAHOO
Reported about 1 year ago
As the AI boom continues, global investors are actively pursuing AI concept stocks, leading to a surge in the TSMC ADR share price. The premium of TSMC ADR over TSMC's stock has reached a new high since 2009, posing risks to investors practicing the long-preferred arbitrage strategy of buying TSMC stock and shorting TSMC ADR. Statistics show that as of June 14, the premium of TSMC ADR over TSMC stock has reached 21%, far exceeding the 5-year average of around 8%, marking the highest level since 2009. Analysts predict that the premium may continue to expand, potentially leading to forced liquidation for arbitrage investors. TSMC, with its advanced technology and reasonable valuation, has become a sought-after target for investors bullish on the prospects of AI. TSMC ADR has surged 66% this year by June 14's closing, exceeding the 55% increase in TSMC's stock during the same period.
Source: YAHOO
Reported about 1 year ago
Due to the global surge in energy prices caused by the Russia-Ukraine conflict, Taiwan Power Company (Taipower) has faced significant losses for two consecutive years as electricity prices have not fully reflected the increased fuel costs. There are differing opinions on whether Taipower should be subsidized, with examples from Germany, Japan, and France implementing financial subsidies for their energy sectors. These countries have adopted a dual approach of moderately raising electricity prices to reflect costs while also setting price caps and providing budgetary subsidies to alleviate the burden on citizens. For instance, Germany has implemented an 'energy price brake system' and allocated nearly NT$1 trillion in subsidies to energy suppliers. Japan has allocated additional budget for electricity subsidies reaching approximately NT$1.4 trillion, while France has implemented a 'price shield' system to limit price increases and reduced electricity consumption tax to mitigate price surges.
Source: YAHOO
Reported about 1 year ago
The Ministry of Finance has urged public banks to enhance post-loan management for credits in Hsin Ching An, including housing loans, land purchase loans, and green energy loans, to prevent possible misuse contributing to rising housing prices. Measures discussed in a routine meeting include verifying high-risk applicants, strengthening pre-loan agreements, monitoring post-loan management, and preventing fraudulent activities like transferring properties.
Source: YAHOO
Reported about 1 year ago
Green workers' new member, Young New (6951), transferred from the OTC market to the main market on June 18, 2024. With Young New obtaining the asbestos tile clearing project, the market is optimistic that Young New's revenue from industrial waste this year will significantly increase. In addition to the stable growth of the existing medical waste disposal business, the estimated annual revenue is expected to grow by double digits. Young New, a subsidiary holding 66.04% of the shares of the waste disposal plant Riyou (8341) for industry and medical waste, with medical waste revenue accounting for 60% and industrial waste 33%. Young New's combined revenue for the first five months of this year was NT$235 million, up 25.34% year-on-year. Young New pointed out that due to the exit of many micro-enterprises in the industry two years ago, the company's customer base has grown significantly, driving an increase in waste clearance volume.
Source: YAHOO
Reported about 1 year ago
The pre-sale housing market in Taiwan is booming, with April recording a record-high of 13,800 transactions, marking two consecutive months above 13,000. The total sales amount for pre-sale housing in the first four months of the year reached 790 billion NTD, nearly double the amount from the previous year, reflecting the vibrant buying atmosphere in the market. Sales peaked from September to December 2021, declined due to impending land rights regulation changes, but picked up again in recent months with over 10,000 transactions monthly, indicating a sustained peak in pre-sale housing purchases for over half a year.
Source: YAHOO
Reported about 1 year ago
Cisco Taiwan announced the launch of Taiwan Digital Acceleration Program 3.0 to strengthen Taiwan's digital transformation, focusing on promoting green sustainability, information security, and AI-driven intelligent transformation. Vice President of Cisco Guy Diedrich, and Taiwan General Manager Lin Yuetao attended the press conference. Vice President Xiao Meiqin witnessed the event and expressed confidence in Taiwan's ability to continuously create digital technology miracles and shape the next stage of Taiwan's economic vitality in the digital era. The program aims to invest in ESG management technology diffusion and industry applications, cultivate cybersecurity talents, practical skills, AI technology, expand local government cooperation, and collaborate with all sectors of society.
Source: YAHOO
Reported about 1 year ago
The Grandma's Cafe established by the Circular Wealth Community Development Association features portraits of three active coffee grandmas including 88-year-old Wu Gui-zhen, 76-year-old Chen Wu-si, and 81-year-old Chen Wang-yao. The cafe, located in Qishan District, Kaohsiung City, was initially rejected due to the question of why a coffee shop was needed when the community only produces bananas. Despite challenges, the cafe was eventually funded partially by the Kaohsiung Social Affairs Bureau and has become a hub for senior citizens and community engagement, with initiatives like the Lovely School and coffee training courses, showcasing the value of the elderly residents.
Source: YAHOO
Reported about 1 year ago
Following Goldman Sachs raising its year-end target price for the S&P 500 index to 5,600 points last week, Julian Emanuel, stock analyst at the investment bank Evercore ISI, has also turned optimistic, predicting the index to reach 6,000 points by the end of the year. This marks the most optimistic estimate for the S&P 500 among Wall Street firms. The bullish sentiment in the US stock market has also pushed the Chicago Board Options Exchange Volatility Index (VIX) to near a five-year low. However, there are warnings about excessive concentration of gains in a few large-cap stocks and concerns about the sustainability of the current market rally.
Source: YAHOO
Reported about 1 year ago
2024年6月17日，大陆举行的「618」电商购物节与往年相比热度明显下降。分析指出，电商平台变得简单化，没有新故事可讲，消费者也逐渐回归理性，导致促销效果减弱。各大电商平台「618」促销期间拉长，采取低价竞争策略，但整体业绩放缓，不再公布战报或交易总额。
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, at 4:10 p.m., Wu Dongliang, the Chairman of the Industrial and Commercial Consolidation Association, met with President Lai Ching-te, urging the government to re-examine the timetable for a nuclear-free homeland from a scientific perspective to strengthen low-carbon power supply. He also suggested following Singapore as a model to establish a financial development path, aiming to create international-level banks and showcase Taiwan's financial competitiveness. During the meeting, Wu handed over a document containing over 30 suggestions, with a focus on power supply and financial development strategies.
Source: YAHOO