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
Reported over 1 year ago
中美晶董事長徐秀蘭表示，旗下轉投資公司台特化、宏捷科、朋程今年營收將超過太陽能本業。太陽能業務轉型為銷售綠電，並積極拓展海外市場。中美晶電池除供應台灣外，還出口美國和擬積極進軍美國、日本市場。在台灣太陽能模組廠營運困難下，公司將積極拓展海外市場。
Source: YAHOO
Reported over 1 year ago
The Federal Reserve recently announced to maintain interest rates unchanged, with a possibility of one rate cut later this year. Shin Kong Investment Trust predicts the first rate cut may likely happen in September, leading to a surge in demand for their global bond fund. The fund primarily invests in BBB-rated investment grade bonds, focusing on mid-to-long-term duration, which could potentially yield capital gains as global interest rates decrease. The fund's portfolio includes mainly BBB-rated bonds (89.8%), followed by AA and A-rated bonds (17.36%), with investments mainly in the US across industries such as consumer, industrial, energy, technology, communication, and finance. Looking ahead, the fund manager believes that investing in global high-quality bond funds now will position investors well to capitalize on potential capital gains in the latter half of the year.
Source: YAHOO
Reported over 1 year ago
Weiyu Chiao / Taipei Report 4:10 PM, June 18, 2024. Stock markets in the United States, Japan, and Taiwan have all been hitting historic highs since the beginning of the year. Schroders Asset Management believes that historical experience shows that markets can still perform well after reaching new highs. To help young millennials invest in globally growing winners, Schroders Asset Management has teamed up with LINE Bank, allowing this young Gen Z generation to take their first step into investment and financial planning using the most familiar messaging software. With the expectation of continued market uptrend this year, young investors can leverage the 'zero lifetime handling fees' of LINE Bank by investing regularly in the Schroders Global Disruptive Future Stock Fund to position themselves early with high growth potential winners and accumulate their first pot of gold.
Source: YAHOO
Reported over 1 year ago
Cheng Yeh Medical has invested NT$1 billion to build Taiwan's first high-energy radiation sterilization plant in Tongluo, Miaoli, which officially launched on June 18, 2024. The new plant has already received sterilization orders from the agricultural and food industries, with clients from the electronics and aerospace industries starting testing services. Cheng Yeh Medical is optimistic about this year's operation, anticipating growth in revenue and profit compared to last year due to increasing orders and expanding services.
Source: YAHOO
Reported over 1 year ago
The semiconductor industry is currently focusing on the development of advanced packaging, with research firm TechInsights estimating a 6% year-on-year increase in sales of wafer fab equipment for advanced packaging to reach $3.1 billion in 2024. Advanced packaging, driven by strong demand for AI chips, is continuously growing, and companies are ramping up their investments. Last year, the global packaging market was worth $94 billion, with advanced packaging accounting for 50%. In terms of specific advanced packaging wafer fab equipment, TechInsights predicts that sales of inspection equipment are likely to lead with a 7% growth rate, followed by wafer bonding, lithography, deposition, etching, and cleaning equipment, all expected to grow by 6% annually. Chemical mechanical planarization equipment's growth rate for this year is slightly lower at 5%. Meanwhile, the global semiconductor industry is experiencing robust growth, with the Semiconductor Industry Association (SIA) reporting a 15.8% year-on-year increase in global semiconductor sales to $46.4 billion in April 2024, showing a steady monthly growth as well. SIA forecasts that global semiconductor sales will reach a record high of $611.2 billion this year, with a potential increase to $687.4 billion next year. Furthermore, the World Semiconductor Trade Statistics (WSTS) organization predicts a 16% year-on-year growth in global semiconductor sales this year and a 12.5% increase next year, indicating strong growth in the industry.
Source: YAHOO
Reported over 1 year ago
On June 18, 2024, Senior Taiwanese Stock Analyst Lian Qianwen analyzed the economic events, noting that the US economic situation seems more apparent with various manufacturing indices showing mixed results. However, US stocks, particularly those related to AI, have been surging, which is beneficial for the Taiwan stock market. Leading AI companies like NVIDIA are performing well, and foreign institutions have raised TSMC's target price to over 1,000 NTD, citing positive developments in the AI sector and the demand for TSMC's manufacturing services.
Source: YAHOO
Reported over 1 year ago
Chairman Yeye Yanding of Gold Three Barley announced on June 18, 2024, that they will expand into the cocktail bar and sports bar sectors. With a capital of 2.19 billion yuan and 800 employees, the company aims to attract talent, enhance quality management, and diversify its operations. Following a successful year in 2023 with a revenue of 1.946 billion yuan and a net profit of 231 million yuan, Gold Three Wheat plans to expand its market presence and increase its market share through new business initiatives in the latter half of this year, focusing on areas such as cocktail bars and sports bars.
Source: YAHOO
Reported over 1 year ago
According to ETNews on June 18, 2024, Samsung Electronics is planning to upgrade its semiconductor fabrication process at a Texas fab in Taylor, USA, from 4nm to 2nm in order to strengthen its competitiveness against rivals like TSMC and Intel, aiming to attract key customers such as NVIDIA, AMD, and Qualcomm. Samsung is expected to make a final decision on the change plan in the third quarter at the earliest. This factory, which Samsung invested $17 billion in 2021, was originally set to begin phased operations in July this year and start shipping 4nm chips to customers by the end of the year. However, if the process is changed, the start of operations would be delayed until 2026. In comparison, TSMC is constructing three fabs in the US with plans for 4nm, 2nm, and 3nm processes, which Samsung hopes to surpass by advancing its Texas fab process to attract crucial US customers.
Source: YAHOO
Reported over 1 year ago
Yao Shun/Taipei reported on June 18, 2024, at 4:10 PM, where V-Thai's Chairman Hsu Cheng-yi expressed optimism about the second half of the year, focusing on accelerating the expansion of both the 'V-Thai' and 'Shi Shi Xiang' brands. Additionally, Yang Qin International's General Manager Lin Li-ling emphasized their efforts to drive growth with the main brand 'Mai Weiden' expanding domestically, increase in overseas market authorizations for 'Fried Chicken Lion', and welcoming franchise partnerships for 'Shuanjin Guo'. V-Thai held its shareholder meeting on the 18th, revealing positive financial results and plans for further expansion and innovative branding. Yang Qin reported a significant year-on-year growth in revenue and profit, with Lin Li-ling highlighting overseas expansion plans and successful partnerships in various regions.
Source: YAHOO
Reported over 1 year ago
HTC's important subsidiary, High Tech Computer Asia Pacific Pte. Ltd., announced a cash reduction plan to reduce $100 million (about NT$3.2 billion), eliminating 100 million shares with a reduction rate of 41.88%, resulting in a revised capital of approximately $138 million (about NT$4.4 billion). HTC stated that this move is to align with the group's financial planning. HTC's May revenue was NT$191 million, up 10.4% month-on-month but down 46.94% annually; accumulated revenue for the first five months of the year was NT$959 million, down 41.38% annually. HTC recently launched the new HTC U24 pro smartphone emphasizing AI camera features to seize AI phone market opportunities, expected to contribute significantly to HTC's revenue in the second and third quarters. HTC will hold a shareholders' meeting on the 20th to pass a resolution for offsetting 2023 losses and will discuss operational outlook and VR layout at the meeting.
Source: YAHOO
Reported over 1 year ago
Taiwan Fixed is expanding its technology business revenue with a multi-faceted approach. The collaboration with Nvidia is extending from cloud gaming to GPU-level services for enterprise users. Taiwan Fixed is actively transitioning to develop technology businesses, aiming to incubate not just small but also large successful ventures. They are investing in startups like USPACE for shared parking spaces and expanding into markets like Japan and Thailand. Other investments include Fubon Energy and film production companies, indicating a focus on AI, cloud/IDC, and cybersecurity. The partnership with Nvidia has already produced GeForce NOW Alliance Taiwan Mobile cloud gaming services, with plans for future collaborations already in progress.
Source: YAHOO
Reported over 1 year ago
Taipei, June 18, 2024, 4:10 pm - Semiconductor foundry World Advanced (5347) announced a joint venture with NXP in Singapore to build a 12-inch wafer factory, with construction expected to begin in the second half of the year and production slated for 2027, with an investment of about NT$252.4 billion. Following the news of World Advanced's expansion into Singapore, the stock price continued to rise, supported by consistent institutional buying for several days, currently surpassing NT$120, higher than the valuation in foreign reports. The new Singapore facility will produce mixed-signal, power management, and analog products using 130 to 40-nanometer technology to meet the demands of various end markets such as automotive, industrial, consumer electronics, and mobile devices. Technical licensing and transfer are expected to come from TSMC, with World Advanced in charge of operations. Construction is expected to start in the second half of the year, with production in 2027, providing a certain share of capacity for both parties, aiming to reach a monthly capacity of 55,000 12-inch wafers by 2029, creating 1,500 job opportunities. If the cooperation goes smoothly, a second wafer factory may also be considered.
Source: YAHOO
Reported over 1 year ago
American chemist Omar M. Yaghi was awarded the 6th Tang Prize for Sustainable Development on June 18, 2024, for his innovative materials widely used in carbon capture, hydrogen and methane storage, and water collection in arid regions. Yaghi's developments have led to applications in clean energy, clean air, and pure drinking water, with several international chemical, material, and automotive manufacturing groups launching related solutions and products. The market for MOFs (Metal-Organic Frameworks) and COFs (Covalent Organic Frameworks) new materials developed by Professor Yaghi reached around $350 million in 2022 and is estimated to exceed $1 billion by 2030. Yaghi's research in reticular chemistry has paved the way for addressing urgent energy, environmental, and water resource issues by synthesizing robust MOFs and COFs materials with organic and inorganic units, enabling the capture, concentration, and utilization of CO2, hydrogen, methane, and water.
Source: YAHOO
Reported over 1 year ago
On June 18, 2024, the Taiwan stock market surged by 260.9 points or 1.15%, with financial stocks leading the gains at 1.32% higher than the overall market. Various financial institutions saw notable increases, including Cathay Financial Holdings, Uni-President Securities, Yuanta Financial Holding, Shin Kong Financial Holding, and Cathay Financial Holding. The financial sector's strong performance is attributed to factors such as mergers and acquisitions and high dividend yields, with expectations for continued growth due to ongoing investor interest. Analyses suggest that banking and securities industries are likely to see continued profits and strength, especially amid favorable market conditions and expectations for a positive outlook in the Taiwan stock market and financial sector.
Source: YAHOO
Reported over 1 year ago
Provided by Guo Hua Securities Futures, Huang Yanhong summarized on June 18, 2024, at 4:10 PM that recent OPEC+ meeting announced member countries' plans to gradually end voluntary production cuts starting in October this year, causing oil prices to plummet to new lows in almost four months. However, with energy agencies such as OPEC and EIA releasing positive outlook reports for the oil market in the second half of the year and the market rebounding due to the expiration of short positions contracts, oil prices have now recovered to pre-OPEC+ meeting levels. Technically, light crude oil futures have reached the upper resistance zone after several days of rebound, maintaining stability above short-term averages, with technical indicators mostly leaning towards a bullish stance. Despite the rebound satisfying twice near the current levels, short-term correction pressure still exists due to recent weak fundamental performance, advising cautious operations by observing whether the downward quarterly line can provide sufficient buying support. With US oil production continuously exceeding expectations and investors anticipating an increase in summer demand, uncertainties in China's economic growth and oil demand continue to overshadow the market. The International Energy Agency (IEA) has lowered China's oil demand prospects due to weak economic growth, with recent data showing a slowdown in May industrial output and fixed asset investment, leading state-owned refineries to plan maintenance shutdowns internally and externally, bringing overall refining activities to the lowest level this year.
Source: YAHOO
Reported over 1 year ago
The opening of the Sun Moon Lake, Lalu Hotel, part of LihPao Group, marked the beginning of a high-end hotel market battle at Sun Moon Lake as it became the first internationally branded leisure resort hotel in Sun Moon Lake. Hamalai Hotels Group's Sun Moon Lake branch, Hamalai Sun Moon Lake, is set to commence trial operations in early July, intensifying competition in the high-end hotel market at Sun Moon Lake alongside other hotels. With 203 rooms and 9 different room types, the Sun Moon Lake, Lalu Hotel features hot spring baths in all rooms, with the majority offering both hot and cold pools. Expecting an average room rate of NT$8,000 in the first year, the hotel aims for an occupancy rate of over 75%. The Hamalai Sun Moon Lake, with 93 lake-facing rooms and hot spring pools, targets an 80% occupancy rate with an average room rate around NT$25,000 to NT$30,000 per year as they focus mainly on villa-style vacation experiences for independent travelers.
Source: YAHOO
Reported over 1 year ago
With the summer vacation approaching and major sports events like the Paris Olympics and Euro Cup this year, South China Insurance reminds travelers to plan ahead by getting 'Travel Comprehensive Insurance' for added protection. To welcome the summer, their eCover website is currently running a promotion where online purchase of travel insurance premiums over 300 yuan can enter a draw to win 40,000 yuan in department store vouchers or shop coupons, and over 600 yuan can also win 10,000 yuan travel coupons. It's recommended to get insurance to mitigate risks of unexpected incidents while traveling, especially with the increased post-epidemic travel trend and ongoing airport strikes affecting flight schedules.
Source: YAHOO
Reported over 1 year ago
Crystal Spring Resort, a hot spring resort brand under the Regent International Hotels Group, is set to open a new location in the hot spring area of Taipei - Beitou Crystal Spring Resort in August 2024. The resort's main attractions include hot springs, suburban landscapes, and a sustainable concept that integrates with the local community. Five outstanding features that set it apart from others include a 'Golden Green Building Standard' hotel, rooms with 'independent dual hot spring pools' and 'outdoor three hot spring pools' design, introduction of Japanese 'hot spring bathing instructors' service, accommodation certified by Japan's 'Sustainable Healthy Travel,' and inviting Taiwan's best hotel SPA winner, 'Mulanh SPA,' to set up shop. As Regent International Hotels Group's first flagship hotel in the Taipei hot spring area, Beitou Crystal Spring Resort has been awarded the 'Golden Green Building Candidate' certificate, showcasing remarkable achievements in seven major evaluation indicators related to green building standards. The convenient location of the resort, just a 3-minute walk from the metro station and hot spring shopping district, as well as its partnerships for promoting healthy travel experiences, make it an ideal destination for leisure and corporate groups seeking relaxation and team-building activities in a natural setting.
Source: YAHOO
Reported over 1 year ago
With the NASDAQ hitting record highs, Taiwan's tech funds have seen a surge in performance. As of June 17, 24 Taiwanese tech funds have achieved an average weekly performance of 4.71%, with Yuanta Innovative Tech Fund leading at 6.85%. The strength in Taiwan's tech sector, especially in AI-related stocks, has been attributed to the continuous improvement in competitiveness, resulting in a positive outlook for the stock market. Other industries are also expected to benefit from the gradual economic recovery, with AI remaining a key focus for future growth in the market.
Source: YAHOO
Reported over 1 year ago
According to Taiwan Bank, the international gold price has been hovering around $2,300 per ounce due to two factors. Despite the lack of high buying interest from investors, the gold price is expected to remain stable around $2,300, supported by recent dips being held above this level and the Federal Reserve's signal of a 4-point rate cut in 2025. With the market awaiting the Fed officials' remarks, gold prices are currently fluctuating between $2,318 and $2,322, ending at $2,318.87. Although there may be short-term fluctuations, the long-term outlook for gold remains positive due to strong global demand, central bank purchases, and geopolitical tensions. Citibank anticipates a possible challenge to historical highs by the end of 2024 as the U.S. economy enters a recession in the second half of next year, leading to lower yields and higher gold prices.
Source: YAHOO
Reported over 1 year ago
During the shareholders' meeting on June 18th, 2024, at 4:10 pm, Chairman Cai Yuqing of Electrical Vehicle King announced that the group's overseas expansion of electric buses is concentrated in the American and Japanese markets. The company plans to hold a press conference with the largest local bus company, Kokusai Kogyo, in Tokyo, Japan at the end of June or early July to announce the normal operation of the Ward electric buses in Japan. It is anticipated that 60 buses will be in operation in Japan this year, with a further increase expected next year. Additionally, the company's electric forklift battery packs began exporting to Japan in the second half of last year, with an estimated export volume of over 1,000 units this year. As the company collaborates with Optima in the US, the first electric bus model has passed government inspections, and the second model is expected to also pass soon. The company aims to enter the US school bus and shuttle bus markets. With success in overseas market expansion, Chairman Cai believes that the company’s operation will reach its lowest point by the first half of this year until near the third quarter. Following the company's lowest operating point, production of electric buses has commenced. Although the company's merged revenue experienced significant growth exceeding NT$4 billion last year, the gross profit margin dropped significantly due to the substantial price increase of Japanese-made AESC batteries, leading to a net loss for the parent company of NT$129 million and a loss per share of NT$1.31. Cai also noted the government's goal of fully electrifying urban buses by 2030, with an expected annual replacement of over 1,000 buses with electric buses in the future. Expecting a strong market demand, the future operational performance of Electrical Vehicle King Group is forecasted to grow substantially with the expansion of both the domestic electric bus market and overseas markets.
Source: YAHOO
Reported over 1 year ago
The U.S. retail sales in May only increased by 0.1% month-on-month, below market expectations, with a slowdown in yearly growth to 2.3%, reflecting the ongoing impact of high inflation and interest rates on consumer spending. After the release of May retail data, market expectations for a rate cut by the U.S. Federal Reserve (Fed) this year have increased. The Federal Reserve Bank of Philadelphia President Harker mentioned that if his economic forecast comes true - with economic growth slowing but above trend, a slight increase in unemployment rate, and inflation gradually falling to the target level, then the Fed may only cut rates once this year.
Source: YAHOO
Reported over 1 year ago
Tainan-based company specializing in trendy fashion and office style apparel, held an investor conference on June 18, 2024. With strengthened order momentum from customers, the visibility of orders has reached the third quarter, coupled with improved production efficiency, anticipating a better operational performance this year compared to last year. Tainan's consolidated revenue for the first five months of this year reached NT$3.28 billion, a year-on-year increase of 27.98%. The company's main market is North America, with the U.S. accounting for 80%, serving over 30 key clients including Ann Taylor, Macy’s, Reitmans, Gap, and J’ Crew. Tainan's post-tax net profit for the first quarter of this year was NT$211 million, a 173.47% increase year-on-year.
Source: YAHOO