Reported over 1 year ago
On June 18, 2024, foreign investors exchanged a substantial amount of stocks to embrace AI stocks in the Taiwanese stock market, with a focus on buying shares of TSMC, which reached a historic high of 943 NT dollars, leading the Taiwan Stock Exchange beyond the 22,700 mark. It is predicted that the total market value of both the centralized and over-the-counter markets will challenge 80 trillion NT dollars. TSMC's price hike and CoWoS production capacity gradually opening up have contributed to this surge, with related stocks such as MediaTek, Unimicron, and King Yuan Electronics also experiencing significant increases.
Source: YAHOO
Reported over 1 year ago
NVIDIA's CEO Huang Renxun has sold a total of 360,000 company shares over a span of a few days, earning over $70 million, with plans to sell even more in the coming months. This sale is part of a pre-arranged trading plan and is not expected to have a major impact on market confidence. Other high-ranking executives in NVIDIA have also sold shares recently, but analysts assure investors not to be overly concerned as these sales are part of their compensation packages.
Source: YAHOO
Reported over 1 year ago
Amid the scarcity of lithium reserves in the mainland, several lithium companies are expanding overseas, investing in lithium mining projects or acquiring stakes in related mining companies. However, the Chinese lithium giant Tianqi Lithium Industry faced setbacks as it invested in the world's second-largest lithium extraction company, SQM, in Chile, which is now being nationalized by the Chilean government. Tianqi's influence on the joint venture company will significantly decrease, with its board seats reduced from 3 to 1. Despite a lack of information, Tianqi is seemingly in a passive state regarding this transaction, leading to uncertainties in its financial outcomes from the deal.
Source: YAHOO
Reported over 1 year ago
The Ministry of Finance in Taiwan stated on June 18, 2024, that to qualify for the 'Taiwan's Indigenous Chip Law,' companies must meet both quality and quantity standards. The quantity criteria include research and development (R&D) expenses of 6 billion NTD, an R&D density of 6%, and maintaining a certain effective tax rate (12% in 2023). Companies that enjoy multiple tax incentives in Taiwan are required to pay a reasonable amount of tax to contribute to the government's finances. Despite the significant tax reduction scope of the law, only four out of the speculated seven to eight eligible companies applied, and some industry leaders were unexpectedly absent from the list, possibly due to a lack of understanding of the criteria, which demand a balance of quality and quantity standards in R&D investment and tax payments.
Source: YAHOO
Reported over 1 year ago
Huang Zhongming, who previously served as the head of the Tainan branch of the 'Taiwan Friends of Trust Association' last year, has been appointed as the chairman of the Institute for Information Industry during an extraordinary board meeting. The Institute is an important think tank under the Ministry of Economic Affairs and is expected to play a key role in the vision of creating an AI smart island. With a background in management and innovative technology, Huang is seen as having a challenging task ahead in promoting sovereign AI and enhancing information security in Taiwan.
Source: YAHOO
Reported over 1 year ago
Starting in June 2024, popular overseas funds can have multiple general agents in Taiwan, relaxing the current restriction that limits one general agent for a single brand. This change will allow for more flexibility in the sales channels for overseas funds in Taiwan, benefiting investment trust and consulting companies in competing for the representation of popular funds. The Financial Supervisory Commission's move is part of a series of measures to promote diversified investment options and broaden the scope of high-asset business opportunities.
Source: YAHOO
Reported over 1 year ago
According to MarketWatch on June 18, 2024, Broadcom's stock price surged, leading to a significant increase in the chipmaker's market value, surpassing Eli Lilly to become the eighth largest company in the US. Analysts have been bullish on Broadcom recently, with Harsh Kumar from Piper Sandler and Ben Reitzes from Melius Research highlighting the company's strong position in the customized ASIC field and substantial growth in AI revenue. The company's market value has been boosted in part by its acquisition of cloud service provider VMware, along with a continuous seven-day surge in stock prices.
Source: YAHOO
Reported over 1 year ago
TPK-KY董事長江朝瑞表示，今年新事業預計佔公司營收比重將達到約6％，並期望提升至10％以上。公司在3D列印、光達、新能源等領域積極耕耘，但需要一段時間才能有顯著貢獻。江朝瑞也提到外掛式觸控在平板應用仍有優勢，公司未來展望保守，預期下半年營運會略為改善，尤其在微軟推出AI PC概念後可能有些成長。
Source: YAHOO
Reported over 1 year ago
ASRock is actively transforming into a solution provider in computing services to embrace the new era of AI. The chairman Wang Ming-yi revealed that the company, focusing on mainboards, targets to have over half of its revenue come from Edge AI business within five years. With the expectation of improving performance in the second half of the year, ASRock anticipates increased shipments and higher ASP in the fourth quarter, potentially leading to positive growth and profitability. By tapping into the AI trend, ASRock plans to expand into industrial and commercial Edge AI applications while continuing to provide comprehensive solutions in various platforms like x86, ARM, NXP, and Hailo. The company aims to increase their IPC product line's revenue contribution from currently below 10% to 10% - 15% this year, with a long-term goal of achieving over half of revenue within five years, fueled by the advancement of Edge AI applications.
Source: YAHOO
Reported over 1 year ago
During Chinese Premier Li Keqiang's visit to Malaysia following his visits to New Zealand and Australia, the two countries are expected to sign a 5-year plan for economic and trade cooperation. Malaysian Prime Minister Anwar Ibrahim announced Malaysia's decision to apply for membership in the BRICS group, emphasizing the strategic importance of China to the country. This visit marks the first time in 9 years that a Chinese premier has visited Malaysia, with discussions planned on bilateral issues, regional and global concerns, and advancing cooperation in sectors like high-level manufacturing and digital economy.
Source: YAHOO
Reported over 1 year ago
The Yu Shan Cultural and Educational Foundation organized a series of art and cultural lectures titled 'Embracing Art at Yu Shan' on June 15 at the Second Headquarters Building of Yu Shan Bank, aiming to enrich lives with art and nurture souls with aesthetics. The event featured experts in the arts sharing diverse perspectives on the history to modern developments in aesthetics and architecture. The inaugural speaker, Professor Liao Renyi, former director of the National Taiwan Museum of Fine Arts, guided attendees through the artistic vitality of Taiwan, focusing on the theme of 'Architectural Art in Taiwanese Paintings' with speaker Ling Zongkui. The lectures aim to offer a platform for diverse aesthetics and art enjoyment for the public. The upcoming lecture on August 3, 'Our Era, Our Songs,' will feature writer and broadcaster Ma Shifang, with online registration starting on July 3.
Source: YAHOO
Reported over 1 year ago
On June 18, 2024, at 4:10 pm, Ker Chien-Tung in Taipei reports that the Chairman of the Financial Supervisory Commission, Peng Jinlong, plans to gradually regulate the virtual asset industry in four stages and is considering opening up Bitcoin spot ETFs. Virtual currency exchange operators believe that regulation can provide investors with more peace of mind, and any opening up is a positive direction. Wei Qilin, Chairman of the Ticker Association, praises Peng Jinlong's policy for its broad vision and suggests learning from neighboring countries' experiences by loosening restrictions on pure online banks. Various industry representatives express support for this policy, stating that regulating the virtual asset industry will greatly benefit its integration into the traditional financial system, improve market confidence and stability, and promote the development of new financial technologies. They hope for clearer and more open regulatory measures to attract more investors, enhance industry development, and expand the scope of legal operations for legitimate operators. Wei Qilin emphasizes Taiwan's readiness to become one of Asia's asset management centers, highlighting the country's ample private funds, geographic advantages, asset management market capabilities, strong tech industry talent, and the need to follow the footsteps of successful international practices. Taiwan is urged to relax restrictions on pure online banks to promote comprehensive financial industry development and catch up with neighboring countries' policies to ensure market competitiveness and ultimately become an Asian asset management hub.
Source: YAHOO
Reported over 1 year ago
健鼎在股東常會中通過7.5元盈餘分派案，並續任王景春為董事長。公司預計第二季景氣與上季持平，積極升級越南同奈廠設備，提高產品線水準。月產值預計可達2億元，目前已達1.5億元，營運趨向損盈平衡。健鼎目前為國內少數擴建生產能力的PCB廠之一，並計畫在越南進一步擴產，有利公司接單結構調整，提升經營效益。公司也將派發每股7.5元的現金股利，並預計下半年營運將持續優於上半年。
Source: YAHOO
Reported over 1 year ago
On June 18, 2024, Vice President Xiao Meiqin emphasized the importance of digitization, technology, and intelligence in President Lai Ching-te's 'National Hope Project.' She expressed the need for every Taiwanese to have the ability to utilize AI to enhance work efficiency, emphasizing the importance of humans controlling AI rather than being replaced by it. Xiao Meiqin highlighted the challenges faced by Taiwan and discussed the development of the e-commerce and digital economy industries with the Taiwan Internet and E-Commerce Industry Development Association (TiEA), aiming for balanced and inclusive growth in Taiwan's overall development.
Source: YAHOO
Reported over 1 year ago
Various central banks around the world have implemented monetary policies that effectively control inflation, while economic growth has slowed down. Despite this, institutional investors are optimistic about investment opportunities in both stocks and bonds in the second half of the year, but they are cautious of the risks of overvaluation. Key points include the expectation of interest rate cuts by major central banks, a preference for high-quality credit bonds like Euro investment-grade bonds, positive outlook on European small and mid-cap stocks, and a strategy of combining quality equities with investment-grade bonds to manage risks and enhance returns.
Source: YAHOO
Reported over 1 year ago
Unicomp (5258), an electronic payment system manufacturer, expects a fruitful outcome in the fourth quarter as mentioned by Chairman Hsin Hua-hsi during the shareholder meeting on June 18, 2024. Anticipating a strong performance in the second half of the year, Unicomp has established subsidiaries in the Middle East and Australia, focusing on research, production capacity, and product quality to meet the growing demands of frontline customers and the market. With a record-high revenue of NT$8.045 billion and EPS of NT$8.65 last year, Unicomp is optimistic about the continuous trend of device upgrades, particularly towards Android devices, which contribute to the company's operational growth. Unicomp has secured opportunities to cooperate with three to five major projects and is looking forward to a promising year ahead, with signs of recovery in the industrial computer industry and expectations of surpassing previous shipment levels for the year.
Source: YAHOO
Reported over 1 year ago
NATO has confirmed its direct investment in four European technology companies to assist in addressing defense, security, and resilience challenges. These companies are the first recipients of funding from the €1 billion NATO Innovation Fund (NIF). Established in the summer of 2022, NIF aims to strengthen defense capabilities through technology and promote innovation in areas such as new materials, manufacturing, artificial intelligence (AI), robotics, and space technology. The four companies receiving investments from NIF include ARX Robotics, Fractile AI, iCOMAT, and Space Forge, each contributing specialized technology to enhance NATO's strategic capabilities.
Source: YAHOO
Reported over 1 year ago
On June 18, 2024, in Kaohsiung, Taiwan, the TSMC effect has led to a significant rise in housing prices, with average transaction prices already exceeding 4 million per unit. It is predicted that properties with a prime view of Love River could see prices surpassing 5 million and even reaching 6 million per unit. Various large-scale residential projects are being launched along the Love River, turning the area into a battleground for real estate developments. The escalating prices in the area indicate a trend towards 5 to 6 million per unit, attracting both first-time buyers and investors.
Source: YAHOO
Reported over 1 year ago
Explore shopping deals in the tropical paradise of Malaysia during the Malaysia Mega Sale Carnival held from June 15 to July 31, with over 70 participating vendors offering discounts as low as 1.5% off. The launch event took place in Kuala Lumpur on June 7, officiated by Deputy Minister of Tourism, Arts and Culture YB Khairul Firdaus bin Akbar Khan and attended by various media, influencers, and travel industry representatives from nearly ten countries. The Malaysian government aims to boost tourism and shopping experiences, partnering with Mastercard to promote Malaysia as a top shopping destination and stimulate the national economy, with an expected travel income of up to RM 102.7 billion (approximately NT$706 billion) in 2024.
Source: YAHOO
Reported over 1 year ago
Liang Wei's Chairman, Lee Chunzheng, anticipates AI PC to emerge this year, becoming a new growth driver for this and next year. Due to the AI server opportunity, server revenue has surged from 23% to nearly 40%. Liang Wei is benefiting greatly from AI server opportunities, with AWS being a major contributor to revenue. The company is expected to gain another CSP certification by the end of this year. Additionally, Liang Wei is expanding production in Thailand to meet orders, and Dyson's production lines are set to double this year. Looking ahead, Liang Wei's performance in the second half of the year is expected to surpass the first half, with estimated gross margin and revenue showing steady improvement compared to last year.
Source: YAHOO
Reported over 1 year ago
Yagu Yacht (7566) recorded an earning of NT$0.13 per share last year with no dividend distribution approved by shareholders at the meeting on June 18, 2024, where director elections were also held, and Chairman Hou Youlin was successfully re-elected. In addition to yacht piers in Kaohsiung, Penghu, and Tainan, Yagu Yacht is expanding its presence to Taichung and Taipei, aiming to create a 'blue water highway' and promote the development of Taiwan's yacht and sailing industry. General Manager Huang Meiling of Yagu Yacht expressed commitment to promoting the leisure industry and actively expanding water mooring facilities. The plan for the Taichung Yacht Harbor Pier is set to commence construction in the second half of this year, and Yagu Yacht has obtained the operating rights for the Taipei International Yacht Pier, gradually completing the layout of yacht piers across Taiwan.
Source: YAHOO
Reported over 1 year ago
SLM (8473) in the construction sector with nearly billions in worth, showing stable operational growth momentum, attracting institutional and speculative buying on dips, with the stock price breaking above the 5-day average and quarterly line on June 18 at 43.55 yuan, firmly positioned above all short averages. Short-term weekly trend has reversed upwards, while the monthly downtrend is converging. Trading volume is increasing, 9-day KD trend remains above, indicating strong upward momentum in the short term. However, many trapped chips remain at previous high levels of 47-51 yuan, requiring sustained increase in trading volume for further price surges. With focus on operations related to recycled water in recent years, SLM has secured contracts for the construction and operation of the Nanzih Recycled Water Plant in Kaohsiung, with opportunities for winning bids in public water resource construction projects such as various desalination plants. Market expects bids in Tainan and Hsinchu projects. For more news, please refer to Commercial Times.
Source: YAHOO
Reported over 1 year ago
Keystone A-Class corporate bond (00950B), tracking the Bloomberg Global USD A-Class corporate bond index, has an average coupon rate of 5.41% and average yield of 5.58% as of the end of May. It is the first ex-dividend monthly interest-paying bond ETF in Taiwan, allowing investors to plan their cash flows more effectively by combining with other income-generating investment products. With the Federal Reserve freezing interest rates, the ETF presents an investment opportunity to capitalize on market conditions. Considering the historical performance of global A-Class corporate bonds and US Treasury bonds since 2010, the ETF shows higher returns, lower volatility, and better risk-return ratios, indicating superior investment benefits over US bonds. Fund manager Zheng Hanrong emphasizes the favorable conditions for bond investments with cooling inflation and rising rate cut expectations, recommending investors to seize the current high yield points for entry.
Source: YAHOO
Reported over 1 year ago
The Taiwan-US tax agreement, described as a 'bilateral agreement that is not a bilateral agreement,' requires both countries to amend their domestic laws for reciprocity. The agreement focuses on providing benefits to the US side, lowering tax rates for specific US source income for Taiwanese residents, exempting certain wages and related income in the US for Taiwanese residents under certain conditions, and specifying that only income effectively connected to business activities in the US for Taiwanese residents is subject to US federal tax, aligning with US policy to encourage Taiwanese businesses to set up manufacturing plants in the US. However, challenges in implementation include interpretations of terms and unresolved issues that require further negotiation between the two sides.
Source: YAHOO
Reported over 1 year ago
Benefiting from the development of AI driving corporate capital investment, global economic momentum is on the rise with major stock indices like the US, Europe, Taiwan, and India hitting historical new highs in the second quarter. Market expectations for interest rate cuts this year have decreased due to the strong US economy and lower-than-expected inflation, suggesting a steady growth in the global economy for the third quarter. However, potential risks include the upcoming US elections, geopolitical tensions, and rising trade protectionism. Investment firms recommend a 'WIN Strategy' approach to diversify portfolios for sustainable gains while being aware of risks during periods of market highs. Suggestions include focusing on tech and biotech industry funds, balanced US funds, selective income bond funds, and opportunities in innovative areas like AI-driven sectors and green technologies in countries such as India and Japan. Emphasis is on prudent risk awareness without being overly conservative to avoid missing out on long-term market growth opportunities.
Source: YAHOO