Reported about 1 year ago
On June 14, 2024, Taiwan's stock market reached new heights with the weighted index hitting a record high of 22,504 points, and the over-the-counter index surged to a 24-year high. TSMC led the rally, breaking its closing and historical highs, with Yageo reaching a closing price of NT$1,010, marking a new milestone of 17K high and making a record of 437 stocks priced over NT$100. Foreign investors have been buying for three consecutive days, turning long in June, while high-priced stocks continue to attract investment, indicating strong market confidence and bullish sentiment.
Source: YAHOO
Reported about 1 year ago
美國在台協會AIT處長孫曉雅表示，台灣民間公司若要加入美國國防供應鏈，必須先符合美國標準，且台灣在先進製造和高科技領域有機會扮演關鍵角色。她指出國際局勢變得複雜，強調台美關係將更為穩固。賴清德則提倡加速推動台灣AI計畫，讓台灣成為AI創新發展的中心。
Source: YAHOO
Reported about 1 year ago
Gaming channel leader IGS (5478) will hold a shareholders' meeting on June 24 to elect ten directors. IGS announced on June 14 that ISS (Institutional Shareholder Services), a significant international proxy advisory firm, fully supports all ten nominees proposed by IGS for the election. Following a battle for control with major shareholder Netbank at the end of last year, IGS brought in the white knight Rong Gang, concluding the power struggle. The upcoming election of directors and supervisors in late June is also drawing attention, with IGS nominating ten candidates, including current chairman Wang Junbo and directors Wang Jiongfen, Shi Minghao, Jian Jincheng, Zhang Hongyuan, and Chen Zhengwen, along with independent directors Xu Shoude, Lin Xuanzhu, Cao Weijie, and Qiu Huiyin.
Source: YAHOO
Reported about 1 year ago
As the Mainland tourism market continues to heat up, the first quarter of 2024 saw 15 Mainland tourist attraction-listed companies reporting a double increase in revenue and net profit. These 15 companies collectively generated a revenue of RMB 4.487 billion in the first quarter, a 19% year-on-year increase, with a total net profit growth of 34% to RMB 399 million. Among the companies, over 60% were profitable, with around 53% showing a positive net profit growth rate. The performance of these companies reflects a structural highlight or incremental supply within Mainland China's national destinations, compared to the same period in 2023, with some key companies like Changbai Mountain and Songcheng Performance Art notably demonstrating significant revenue growth.
Source: YAHOO
Reported about 1 year ago
According to the latest report from automotive market research firm Jato Dynamics, Chinese car manufacturers, led by BYD, surpassed US car brands in new car sales in 2023. Chinese brands sold 13.4 million vehicles compared to 11.9 million by US brands, with Japanese brands leading with 23.59 million vehicles. The growth rate of Chinese car sales also exceeded the US, with an annual increase of 23% compared to 9% in the US. The intense demand in emerging markets accounted for one-fifth of total new car sales in 2023, prompting Chinese manufacturers to expand their presence overseas, despite the price war in the Chinese electric car market affecting their profits.
Source: YAHOO
Reported about 1 year ago
NTK (6230) stock price surged ahead, briefly crossing the $400 milestone, despite recent pullbacks. On June 14, another limit-up was hit, overcoming short-term resistance and moving above all moving averages, indicating a bullish reversal. NTK's Q1 revenue and profit declined due to fewer working days and reduced shipments of gaming applications, with a 40% and 53% drop compared to the same period last year. However, Q2 revenue is expected to rise as May revenue continues to improve. More reports on overseas trading, record 4 trillion in November brokerage orders, and a projected 3% decrease in TV panel shipments next year are covered by Commercial Times.
Source: YAHOO
Reported about 1 year ago
Major banks in Taiwan revealed that credit card spending in May is expected to approach 260 billion NT dollars, with five top issuing banks including CTBC, Cathay, E.SUN, Fubon, and Taishin potentially reaching nearly 2,600 billion NT dollars. The total credit card spending is projected to surpass 370 billion NT dollars, setting a new high for May, leading the nation towards utilizing non-cash payment methods as the primary choice. The surge in spending is attributed to Mother's Day promotions and early tax refunds, with CTBC leading in credit card usage driven by travel, dining out for Mother's Day, and shopping.
Source: YAHOO
Reported about 1 year ago
In order to drive the next wave of AI innovation, Western Digital has introduced an AI Data Lifecycle Architecture consisting of six stages, defining the optimal storage combinations for large-scale AI workloads. This framework aims to assist businesses in planning and developing advanced storage infrastructure to maximize AI investments, improve efficiency, and reduce the total cost of ownership (TCO) for AI workflows. By strategically adjusting flash memory and HDD products based on the storage requirements of each key stage in the data lifecycle, Western Digital has launched several products catering to economic large-scale storage solutions, such as high-performance PCIe Gen5 SSDs, high-capacity 64TB SSDs, and the world’s highest-capacity ePMR, UltraSMR 32TB HDDs.
Source: YAHOO
Reported about 1 year ago
台灣氣動釘槍廠力肯（1570）在2024年6月14日股東會中通過每股配發現金股利1元，並計畫辦理現金增資或私募方式，全面改選四席董事及三席獨立董事。公司派持股優勢下，擁有兩席董事及三席獨董，預定24日召開董事會推舉董事長，現任董事長溫銘漢有望連任。力肯對今年營運持審慎樂觀態度，市場派則爭取兩席董事。力肯股東會無其他爭議，氣氛平順。
Source: YAHOO
Reported about 1 year ago
The Chinese International Gadabawa Buddhist Association will be hosting the 8th Gadabawa Cultural Festival and the Cross-Strait Art Exhibition in Taipei from September 28 to October 6, inviting nearly 30 co-organizers and supporters. The event, led by the eminent Guru Huijixiang, aims to promote cultural exchange and harmony through art, with over 500 people attending the opening ceremony. Renowned artists from Taiwan and mainland China will showcase their works, aiming to spread traditional Chinese culture and values through art, promote positive social progress, and uplift society with enriching artistic experiences.
Source: YAHOO
Reported about 1 year ago
During the mega annual shareholders' meeting of financial holding companies in Taiwan, it was observed that the economy and business climate are expected to improve in the second half of 2024. However, the delay in inflation and interest rate cuts in the US presents a major challenge for the financial industry's operations. High interest rates are anticipated to continue, affecting bank revenue stability but posing hedging costs for life insurance. Global uncertainties, fluctuating major economies' monetary policies, and market volatility are expected to impact financial market stability, with companies preparing to enhance profitability despite the challenges.
Source: YAHOO
Reported about 1 year ago
Taipei, June 14, 2024, 4:10 PM: SmartSens (4551) reported an EPS of 4.47 last year with a shareholder meeting passing a cash dividend of 2.5 per share on the 14th. The worst operational conditions for SmartSens are over as momentum in their automotive, medical, electronic, and sports businesses is at full throttle. They are expanding into key components for new energy vehicles like electric cars, hybrid cars, and hydrogen-powered cars with increasing production, aiming for better performance in the second half of the year. SmartSens has optimized order structures, enhanced production efficiency, and focused on innovative development of high-value and high-margin components, indicating a growth in their automotive product line's overall shipments for the year.
Source: YAHOO
Reported about 1 year ago
On June 14, 2024, the Kaohsiung City Land Administration Bureau announced the sale of 12 land parcels from the second quarter development areas, with a total reserve price exceeding 2.95 billion NT dollars. Real estate experts are optimistic as many of the lands are located in prime areas such as Zhongdu Rezoning Area, around Xiongzhong, and Kaohsiung University. With recent aggressive land purchases by developers in the south, it is believed that achieving high sale rates for these lands should not be difficult. The auction will take place on June 26, following a previous delay due to a request from the Ministry of the Interior to increase social housing land supply.
Source: YAHOO
Reported about 1 year ago
Formosa Plastics held its shareholders' meeting on June 14, with Chairman Chen Bao-lang presiding over the election of directors and supervisors. Chen will transition to the role of senior advisor, with Cao Ming taking over as chairman. Looking ahead, Chen stated that despite challenges like the Russia-Ukraine conflict and inflation, the company expects stable operations as global economic recovery continues. Formosa Plastics aims for business upgrades and transformation in areas such as digitalization, AI applications, clean energy, and carbon reduction, with notable progress already seen at its Mailiao plant. The company's sales targets for 2022 include gasoline sales of 5,169 thousand kiloliters and diesel sales of 10,261 thousand kiloliters. In response to carbon reduction initiatives, Formosa Plastics plans to replace coal with natural gas for power generation to reduce emissions. AI technologies have already been utilized to enhance production efficiency and value. The outlook for the latter half of the year looks positive, with stable oil prices expected. Despite market uncertainties, positive factors like the tourism peak season and potential interest rate cuts in the US could drive oil demand.
Source: YAHOO
Reported about 1 year ago
Chairman Jonney Shih and his daughter Ailin Shih participated in ASUS' shareholder meeting on June 14, 2024, where Chairman Shih expressed that ASUS, after transitioning from motherboard and laptop businesses, is now prepared for the AI era with full conditions in place. Co-CEO Kent Chien revealed plans for a large-scale AI server production base in Mexico and emphasized ASUS' ability to secure orders from top cloud service providers. The company's turtle-like approach to AI server business has begun shipping in the first and second quarters with continued demands in the third, aiming for new contributions next year. The completion of a large factory in Mexico will support this endeavor. Chairman Shih's daughter, Ailin, also attended the meeting as a board member, showcasing a strong father-daughter bond.
Source: YAHOO
Reported about 1 year ago
The Directorate-General of Budget, Accounting and Statistics announced that the average monthly salary of all employees in Taiwan is 46,000 NTD, which could reach up to 63,000 NTD with bonuses and overtime included, causing criticism among legislators. Executive Yuan's Premier Su Tseng-chang stated on June 14 that efforts will be made to raise salaries in all industries and proposed using median salary calculation to be more representative. Additionally, 104 Job Bank reported a severe talent shortage in Taiwan, urging employers to focus on employer branding and invest in making Taiwan a sustainable talent base amidst rising demand for recruitment and declining job seekers. The Ministry of Economic Affairs emphasized the need for AI talent and promised to support industries through relevant training programs.
Source: YAHOO
Reported about 1 year ago
As summer brings electricity shortages and concerns from foreign media, Taiwan's electrical and cable stocks are on the rise again, supported by initiatives such as Taiwan Power Company's resilient power grid project. With the launch of the US trillion-dollar infrastructure plan, leading electrical stocks like Hua Cheng (1519), Century Electric (1503), AsiaLink Technology (1514), and China Electric (1513) all surged to their daily limit on June 14. This resurgence comes after a period of stagnation in April and May 2024, with optimism fueled by electricity shortages during the summer, foreign concerns about power shortages, and reports of US invitations for electrical stocks to establish factories locally. Electric related stocks including Yang Hua and Yonyou Electric also saw gains, while cable stocks benefited from the low period, with YITAIHE and HEGE Machinery surging. Analysts are particularly optimistic about Hua Cheng's future, expecting it to reach the 1,000 yuan per share mark should it hit the daily limit again on Monday (June 17).
Source: YAHOO
Reported about 1 year ago
According to a report from June 14, 2024, at 4:10 PM, Adobe, a US software company, announced its second-quarter fiscal results ending in May, exceeding expectations and leading to a rise in stock prices. Adobe's Q2 revenue was $5.31 billion, up 10% from the same period last year and surpassing forecasts, with digital media and digital experience businesses performing exceptionally well. The CFO, Dan Durn, attributed their success to cloud innovations that enhance productivity for customers. Although no specific data on AI's revenue impact was provided, the increasing use of Firefly AI was highlighted, achieving a record number of image generations in May.
Source: YAHOO
Reported about 1 year ago
At the shareholders' meeting of Union Food (1231), a major producer of domestic leisure food brands like Kokokko and Wansui, held on June 14, 2024, a cash dividend of 1.6 yuan and a stock dividend of 1 yuan were approved. Regarding the 2023 fire at the Changhua factory, Chairman Li Kaiyuan stated that the rebuilt factory has begun trial operation, focusing on developing customized and niche products for specific target groups. In other news, Economic Daily News reports high demand for Lianmao in the fourth quarter of 2022 and Zhaofeng Banking organizing a $25 million syndicated loan for Zhiqiang-KY.
Source: YAHOO
Reported about 1 year ago
On June 14, 2024, Yao Shun visited Sanmin Tasting, located in the Air Force Military Village in Sanchong, to enjoy their signature sour vegetable and pork hotpot, providing a taste similar to dining at a military village friend's house. Apart from the hotpot, Sanmin Tasting offers a variety of unique snacks such as the Beef Scallion Pancake and Pork Meatball with Sichuan peppercorn, creating a savory and flavorful experience.
Source: YAHOO
Reported about 1 year ago
Eli Lilly has revealed its latest manufacturing plant in Concord, North Carolina, to address manufacturing bottlenecks for GLP-1 drugs, Mounjaro for diabetes and Zepbound for weight loss, with the new facility set to produce injectable pens starting in 2025. The company plans to expand manufacturing to meet high demand, with the new facility, costing $2 billion, being completed in two years rather than the typical five, thanks to North Carolina's support and streamlined FDA collaboration. The company aims to build 10 to 15 new facilities to keep up with current demand, with Wall Street predicting $13.5 billion in revenue from GLP-1 drugs in 2024, prompting a $2 billion increase in 2024 guidance.
Source: YAHOO
Reported about 1 year ago
This week's Latin music releases include new tracks from artists like Paulo Londra, Ángela Aguilar, and Mario Bautista, along with a nostalgic comeback from Mexican boy band Magneto. Other releases featured are Cimafunk's 'Pretty', Chino Pacas’ 'Mami Chula', and more. Last week's top vote went to Feid's 'Sorry 4 That Much', with this week's contenders including ROBI and Magneto. Fans can vote for their favorite new release on Billboard's Latin roundup.
Source: YAHOO
Reported about 1 year ago
US stocks ended the week higher after a cool May inflation report and Apple's announcement of its AI ambitions. The Nasdaq 100 closed at record highs due to excitement over AI and strong earnings from Broadcom and Adobe. The Federal Reserve hinted at potential interest rate cuts if inflation continues to decrease. The S&P 500 and Nasdaq 100 hit record highs, while the Dow Jones finished slightly down. The market anticipates a 61% chance of a rate cut at the September FOMC meeting. In other news, Elon Musk's $50 billion pay package was approved, Tesla could reach a $30 trillion valuation, and other stocks like Broadcom are seen as potential trillion-dollar companies.
Source: YAHOO
Reported about 1 year ago
Brazil is taking advantage of the US biofuels boom by increasing exports of Brazilian cattle tallow, a form of waste fat used in renewable fuels, leading to a 377% surge in US purchases in the first four months of 2024. US fuel producers like Diamond Green Diesel LLC and Marathon Petroleum Corp. are opting for cheaper raw materials from abroad to improve their margins. This influx of Brazilian imports is challenging American farmers and agriculture companies relying on crop-based green diesel feedstocks, risking profit decline and expansion setbacks.
Source: YAHOO
Reported about 1 year ago
During the NBA Finals, Celtics players have expressed admiration for their coach Joe Mazzulla's unorthodox coaching style, particularly his use of video clips from various sources like soccer teams, killer whales, and UFC fights to convey strategic lessons. Players appreciate Mazzulla's innovative approach to the game and acknowledge the impact it has had on their performance leading up to Game 4.
Source: YAHOO