Reported about 1 year ago
Yongfeng Futures analyst Gao Binghong provided, and Huang Yanhong organized on June 17, 2024, after the Dragon Boat Festival, the Taiwan stock market saw strong buying momentum with daily record highs. In the first week after the festival, the market rose by 646 points, with TSMC (2330) contributing nearly 370 points to the market. With the market continuously hitting new highs, investors considering overvaluation may opt to hedge using index futures. Observing ETFs, the Taiwan stock ETF size reached 2.25 trillion yuan last week, indicating that investors are diversifying their investments amidst the bullish market by using ETFs. As the Fed hinted at a rate cut this year and the possibility of further cuts, tech stocks continued to heat up, with Apple standing out post-developer conference. Investors can consider related topics to Apple to find undervalued targets for rebound opportunities, such as memory manufacturer Macronix and hardware board company Wah Lee, both having lower stock prices recently and potential for rebound. Taiwan's market outperformed Japan and South Korea on the 17th, with the Bank of Japan hinting at maintaining rates but not ruling out a hike in July, and revealing plans to announce bond purchase reductions next month. The market interprets that the Bank of Japan's actions aim to stabilize the yen and awaits the US rate cut. Giga-Byte to showcase 5G network and AI strength, World Bank reduces growth expectations for China in the next year, optimistic about economic recovery unaffected by the pandemic, and the Australian Central Bank's earliest possible QE exit by February next year.
Source: YAHOO
Reported about 1 year ago
Taiwan Business Bank coordinated the syndicated loan of NT$3.509 billion for Realistic Senhuo Co., Ltd., successfully completing the fundraising and signing the loan contract yesterday. The loan was led by Taiwan Business Bank and involved multiple banks such as Agribank, Land Bank, Mega Bank, and Chang Hwa Bank, to support the funding needed for the construction of the Realistic Transfer Station BOT project. The transfer station, located in Tainan City, will have two development phases and include a complex transport building with various functions like retail, dining, leisure, and office spaces.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, game company Huayi International announced plans to transition from being a game agent to a game operator and developer, aiming to create a comprehensive game platform. With main revenues currently from game agency, their upcoming strategies include expanding game projects, developing their own games, strengthening player communities, and engaging in various entertainment projects. Huayi International also plans to establish an art team for internal development needs and external collaborations. They reported a revenue of 660 million NT dollars from January to May 2024, a 24.3% increase from the previous year.
Source: YAHOO
Reported about 1 year ago
Recently, the long-standing machinery and electronics company, Delta Electronics (2371), has attracted market attention due to its heavy electrical products, as its stock price has surged from NT$42 at the beginning of the year to NT$60.6, a 42.8% increase. On June 17, it was reported that the U.S. Energy Envoy and former governor of Arkansas, Mike Huckabee, visited Delta Electronics and invited them to set up a factory in the U.S., leading to a half daily limit increase in Delta's stock price. With Taiwan's Strong and Resilient Power Grid Plan releasing orders worth billions over the past few months and the U.S.'s trillion-dollar infrastructure plan, there is a significant growth potential for Delta's revenue, with an estimated total order size for Delta exceeding NT$100 billion this year.
Source: YAHOO
Reported about 1 year ago
Global investment sentiment is high, especially with the stock markets in Japan and India showing promising performance. HanAsia Investments believes that despite the recent gains in these markets, positive factors are still playing out which could lead to further upside potential. They recommend positioning in Japanese and Indian stock funds to capitalize on future market trends. HanAsia Investments recently held their 2024 HanAsia Investment Summit with a theme focusing on deepening investments for a more promising future. They highlight the strong growth in AI topics, the semiconductor industry's revenue surge, and the emergence of another golden decade in the markets. HanAsia is optimistic about the future prospects of both Indian and Japanese stock markets, with a particular emphasis on Indian growth supported by population advantages, policies, and manufacturing developments. HanAsia's Japan Dynamic Stock Fund manager, Ivailo Dikov, sees several factors supporting the continued upward momentum of Japanese stocks, such as attractive valuations for contrarian investors, ongoing corporate financial restructuring, the end of deflationary trends, and robust corporate capital expenditures. The fund is strategically increasing holdings in commodities, Japanese domestic demand, and industrial sectors to provide investors with relatively inexpensive yet growth-oriented stocks. The India fund manager, Lin Ting-Zhang, points out the visible economic growth in India with changing consumer habits, increasing sales of high-end consumer goods, and positive trends in employment, wage growth, and consumer confidence. The fund focuses on the strong domestic demand momentum in India with a preference for cyclically sensitive consumer, financial, and information technology sectors, leaning towards large-cap and market-leading stocks for excess returns. This fund is the first domestic Indian stock fund in Taiwan, established in 2005, and has surpassed NT$15 billion in size as of the end of May, making it the largest domestic Indian stock fund in Taiwan.
Source: YAHOO
Reported about 1 year ago
金管會主委彭金隆表示，市場監理將以「以法律人、以理服人」的八字原則為依據，強調透明監理和用道理讓人信服。他希望建立安全與發展並進的金融市場，強調金融業應尋找新空間才能擴大。金管會期許協助金融業發展並回饋社會，彭金隆著重於戒慎作決定，強調年近60的他對未來不感恐懼。
Source: YAHOO
Reported about 1 year ago
More people are investing in travel insurance due to concerns about emergency medical care while abroad. The Financial Supervisory Commission has announced a reduction in the death and disability insurance rates for travel insurance starting from July 1, with insurance premiums potentially decreasing by around 10%. This adjustment is aimed at providing more affordable and comprehensive protection for travelers, especially in the midst of the ongoing pandemic. Several insurance companies are adapting their policies to accommodate the increasing demand for travel insurance, with a particular focus on medical coverage and protection against unforeseen events during trips.
Source: YAHOO
Reported about 1 year ago
President Tsai Ing-wen met with directors of the Business and Industry Association on June 17, 2024, and outlined the new government's three major industrial policy directions to boost the economy, urging companies to increase employee wages to address stagnant salaries. She also suggested setting up childcare facilities and employee dormitories. Tsai expressed the importance of cooperation between businesses and the government in promoting policies such as smart technology and eco-friendly transformation to improve the quality of life for the people in Taiwan. Additionally, Tsai emphasized the need for outstanding business talents to join the government to help solve business-related issues and advance national economic development, ensuring alignment between policy implementation and outcomes.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, at 4:10 PM, Taipei Stock Exchange conducted a flash mob event to promote anti-fraud awareness, focusing on the anti-fraud website 'Stock Delivery' resembling an online food ordering platform. They distributed new dessert-shaped anti-fraud magnets and creatively engaged the audience with activities like Stock Delivery courier Q-version standees. Building on their previous rap concert event in Kaohsiung, they continued their anti-fraud promotion at a rap concert in Taoyuan, including broadcasting anti-fraud messages, rap competitions, interactive quizzes, and giveaways. Their efforts to raise public awareness about investment fraud include innovative approaches like the Stock Delivery website and anti-fraud dessert magnets, demonstrating Taipei Stock Exchange's commitment to engaging with investors in various ways.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, the People's Bank of China continued its trend of reducing the Medium-term Lending Facility (MLF) by 182 billion yuan, maintaining the interest rate at 2.5%. Goldman Sachs anticipates that the People's Bank will lower the deposit reserve requirement ratio by 25 basis points in the third quarter and cut interest rates by 10 basis points in the fourth quarter. They believe the urgency for a reserve cut has decreased due to lower-than-expected May monetary credit data and a further slowdown in the growth rates of narrow money supply (M1) and broad money supply (M2).
Source: YAHOO
Reported about 1 year ago
In an effort to meet the green requirements for the entire supply chain and pass ESG certification, Taiwanese big data analytics startup iKala's Co-founder and CEO, Cheng Shih-Chia, collaborates with Eastern Broadband Technologies to implement carbon inspection and ensure international competitiveness for enterprises. By combining on-site deployment and cloud management, iKala aims to reduce the cost and accelerate the adoption of ESG solutions, particularly focusing on AI transformation and ESG implementation for Taiwanese companies. Through partnerships and innovative strategies, iKala is helping enterprises navigate the challenges of data governance, energy efficiency, and AI application in the manufacturing industry.
Source: YAHOO
Reported about 1 year ago
Market sentiment towards the Federal Reserve's (Fed) rate cut expectations cooled in the wake of the weekend of June 17, 2024, further supporting risk sentiment. According to Bank of America citing EPFR statistics, both investment-grade and non-investment-grade bonds maintained net inflows last week, although the momentum slowed compared to the previous week, with emerging market bonds seeing a net outflow. Overall, the bond market has seen 25 consecutive weeks of net buying, with a single-week net purchase of $10.29 billion, notably with US and European bonds leading the trend. The softer CPI data and ongoing robust employment have led some to expect two rate cuts by the Fed despite the slight uptick in US bond yields after the release of non-farm payrolls data. In the bond market, real estate mortgage-backed securities and municipal bonds have outperformed, while government bonds and inflation-linked bonds have shown weaker performance.
Source: YAHOO
Reported about 1 year ago
國泰證券成為全台首家所有實體分公司獲得「失智友善天使認證」的證券商，透過培訓員工運用失智友善溝通技巧並提供無障礙友善服務，致力推動失智友善社會。員工表示獲得認證不僅是資格，更是正確認識失智症與尊重人權的機會，希望繼續發揮企業影響力。國泰證券期許透過此認證持續關懷社會各個角落，打造友善金融環境並陪伴失智者，達到正向社會影響。
Source: YAHOO
Reported about 1 year ago
The Chinese Ministry of Commerce announced on June 17, 2024, that it is initiating an antidumping investigation on EU pork and related by-products, in response to the EU's punitive tariffs on Chinese electric cars. This move is seen as part of China's retaliation strategy, with potential future targets being dairy products. The investigation period for the pork imports is from January 1, 2023, to December 31, 2023, and for industry damages from January 1, 2020, to December 31, 2023. If restrictions on European pork imports are imposed, European industries fear significant losses due to China being a valuable market for pork exports. There are concerns that China's countermeasures may escalate further, as seen with previous probes on brandy and potential future actions on dairy products. EU dairy exports to China were valued at around €1.7 billion last year. The tense trade relations between China and the EU continue to evolve, impacting various industries and raising concerns about further retaliatory actions.
Source: YAHOO
Reported about 1 year ago
After the shareholders' meeting on June 17, 2024, at 4:10 PM, Haodin's CEO, Wang Huijun, announced the focus on advancing a new drug into clinical trials annually through patented dual-function enzymes and glycosylation platforms. ADC will be the main business development focus, with OBI-992 expected to enter phase II clinical trials next year and actively seeking licensing opportunities. The company plans to conduct a capital increase in the second half of the year to raise necessary funds for the next one to two years. Additionally, the highly anticipated new treatment for triple-negative breast cancer, OBI-822/OBI-821, is poised for a second mid-term analysis by the end of the year and unblinding in early 2026. Haodin has revealed five major operational goals for the year, emphasizing clinical trial progress, international collaborations, and innovative drug development.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, at 4:10 PM, New Kinsteel (2031) actively entered the green energy industry, receiving continuous buy-ins from foreign investors and proprietary traders, leading to consecutive days of price increases. The stock price surged at one point during the day and closed at 69.6 yuan, surpassing the previous high. The daily K%D indicator also continues to rise, with a 14.85% increase in the stock price in the past 3 days and a 35.41% increase in the past six months. Despite a downturn in the steel market last year, the company achieved a post-tax net profit of 1.655 billion yuan, with EPS jumping from 1.23 yuan in 2022 to 5.15 yuan last year. The company believes that the global economic situation is gradually improving, with domestic and international steel demand expected to recover this year. It will continue to deepen its presence in the domestic wind and solar energy construction market, along with the potential of soaring stock prices thanks to the 'Century Star' in steel. In other business news, the pure online insurance company is officially open for business, and the Financial Supervisory Commission will begin accepting license applications in August next year, expecting economic recovery unaffected by the pandemic. The Australian Central Bank may exit QE as early as February next year, and global server shipments are increasing: TrendForce forecasts a 5% increase next year.
Source: YAHOO
Reported about 1 year ago
Due to the hype surrounding topics like the Chiayi Science Park, the real estate market in Taibao City, Chiayi County, has seen a significant increase, with average land prices reaching 103,000 NT dollars per ping this year, nearly a 60% increase in five years, driven by investments from high-tech industries expanding in the area. As semiconductor industry chains move into the Chiayi Science Park and outlets like the Hua Tai Mall OUTLET open near the High-Speed Rail Chiayi Station, land prices in Taibao and Puzi area are also increasing. However, recent credit control measures by the central bank and global uncertainties may impact the real estate market, urging buyers to be cautious.
Source: YAHOO
Reported about 1 year ago
大葉高島屋舉辦「精彩30‧感恩有您」系列活動慶祝30周年，包括珍貴老照片展、DOZO Market台灣物產展，以及豐富的回饋活動。活動中推出多項優惠抽獎和消費回饋，並展出具有收藏價值的紀念商品。活動亮點是展出35張1994年至2014年大葉高島屋相關照片，邀請民眾共同走進時光隧道。
Source: YAHOO
Reported about 1 year ago
The Directorate-General of Budget, Accounting and Statistics has created the 'New Salary Distribution Statistics,' aiming to show the percentage of people earning different monthly salaries to provide a more frequent and accurate reflection of the current situation compared to the annual median salary release. The challenge lies in accurately describing the data due to the statistical unit being based on workplaces instead of individual employees, leading to difficulties in wording. After much deliberation, it was concluded that using the phrase '68% of employees work in workplaces where the average monthly salary is below 50,000' was clearer. Simplifying the reporting process and aiming for better understanding among readers is emphasized, urging a move away from convoluted descriptions and towards more straightforward communication.
Source: YAHOO
Reported about 1 year ago
Wei Qiaoyi, Dai Ruiyao/Taipei Report on June 17, 2024, at 4:10 pm, Financial Supervisory Commission Chairperson Peng Jinlong stated that in the future, major shareholders will be regulated towards 'proportional rights and responsibilities, and transparent information.' The Financial Supervisory Commission's attitude towards major shareholder supervision has shifted. Chairperson Peng Jinlong emphasized the need for major shareholders to bear corresponding responsibilities for their rights, advocating for transparent supervision and lawful administration. The regulation of major shareholders in the financial industry has been strengthened to separate ownership and management rights, and there are plans to amend laws such as the Financial Holding Company Act and the Banking Act.
Source: YAHOO
Reported about 1 year ago
Yanzhou (4306), Beike (8927), and Yongjie (4714) have benefited from asset revenue boost. Yanzhou reported total sales of 3.05 billion yuan with the 'Wangzhou Yipin' project starting home deliveries in May, followed by the 'Yanzhou THE ONE' project expected to be completed by the end of the year, indicating a significant revenue increase for the group starting from the second quarter. Beike's revenue in May saw an 86.07% increase and 63.98% increase for the first five months thanks to new operational points for gas stations in Hualien and Gui Ren, while Yongjie's revenue grew by 14% in the first five months due to increased demand for sports customers and new certifications for flexible HC materials.
Source: YAHOO
Reported about 1 year ago
Hego Xuanrong, the representative of the Coinsafe Asia Pacific Regional Team, emphasized the importance of close communication among various sectors to ensure that regulations keep up with blockchain technology advancements and encourage innovation in the development of virtual assets. With the new government in Taiwan, the Financial Supervisory Commission (FSC) has shown willingness to open up opportunities for professional firms to invest in Bitcoin ETFs, marking a significant milestone for the virtual asset industry in Taiwan. The FSC aims to balance 'security' and 'development' in creating a new financial market landscape and enhancing financial innovation by establishing specialized units and promoting regular reviews of financial regulations. The article stresses the need for collaboration among stakeholders, including blockchain and fintech companies, government agencies, and financial institutions, to foster innovation and ensure market regulation keeps pace with industry advancements.
Source: YAHOO
Reported about 1 year ago
Following the trial operation approval granted by the Financial Supervisory Commission on March 29 this year, Fubon Property and Taiwan Mobile have officially received the approval to launch innovative insurance services, the first in the industry to do so. Fubon Property integrated the online insurance process into the Taiwan Mobile Customer Service App, allowing customers to conveniently purchase travel and inconvenience insurance directly through the app before going abroad. The success of the trial period led to the official launch of this innovative insurance service, emphasizing the increasing awareness of safety and risks among the public when traveling abroad.
Source: YAHOO
Reported about 1 year ago
Trade-VK delivered excellent performance in the first quarter, with an EPS of 3.56 yuan, higher than the previous quarter's 3.11 yuan. Despite TSMC's stock price consolidating, Trade-VK and Asustek both soared to historical highs on June 17. Trade-VK's stock price rose by 8.5% to 351 yuan, setting new high prices. Analysts are optimistic about Trade-VK's future performance in the HPC server sector. Asustek's stock price also hit a record high, closing at 311 yuan, with expectations of better performance in the second quarter.
Source: YAHOO
Reported about 1 year ago
Shin Po Pharmaceutical (6535) benefited from the nearing completion of the phase three clinical trial of new drug LT3001 for treating acute ischemic stroke, with a chance to unblind by the end of the year. This news propelled the stock price to surge gap up to the limit up at 208 NTD on June 17, with a trading volume of 2,831 shares. If it can hold above 200 NTD, it is likely to continue its upward momentum. The company has obtained drug approvals in six countries for the long-acting analgesic injection LT1001, and the highly anticipated LT3001 has seen faster-than-expected progress in clinical trials in China.
Source: YAHOO