Reported 11 months ago
On June 8, 2024, at 4:10 pm, analyst Zhao Pengbo from Hundada Investment pointed out the strong performance of Taiwan's stock market last week, attributing it to factors like the rise of certain tech stocks and the impact of Nvidia and TSMC ADRs hitting new highs. The index reached a historical high of 21,970 points, with expectations to breach the 22,000 points mark. Stocks to watch this week include Genchun (4561), Tiantwo Technology (6834), Silite (4303), Heide Wei (3268), and Bao Rui (8093). Genchun achieved its second-highest monthly revenue in May, with its stock price crossing the monthly and quarterly lines, indicating potential future growth. Tiantwo Technology, a passive component chip resistor manufacturer, saw its stock price hit a yearly high as it sustained an upward trajectory along the monthly line. Various industries expressed optimism for Silite, a PU synthetic leather manufacturer, as its stock price rebounded significantly from the bottom. Heide Wei, specializing in consumer IC firmware design, experienced a recent surge in buying momentum, reaching new highs as the monthly and quarterly lines exhibited a golden cross, hinting at a positive future. Bao Rui, known for CPU radiator production, saw a renewed upward trend after a brief consolidation period, with possibilities to further expand its gains. As Taiwan stocks hit record highs driven by TSMC reaching 899 NTD, nearing the market consensus of 1,000 NTD, the week's stock selection favored strong sectors such as AI and semiconductors, alongside non-electrical sectors like heavy-duty energy storage, electrical wires and cables, and medical information. The US 'small non-farm' ADP report showed a new job addition of 152,000 in May, lower than market expectations, and a continuous 5% wage growth rate, a multi-year low. However, the newly released US May non-farm employment data showing an additional 272,000 jobs, exceeding the expected 182,000, might create some short-term noise in the rate cut path. Xu Xiulan emphasized the need for a clear energy policy to meet the industry's electricity needs, targeting a revenue challenge of 20 billion this year, with an estimated 3% decrease in TV panel shipments next year, as per a report in the Business Times.
Source: YAHOO
Reported 11 months ago
On June 8th, Jupiter is in the front of Gemini, Mercury is in the middle, and Venus enters the back. Gemini's moon is about to enter the back as well. It's better to stay still than to act, especially regarding significant career changes, to avoid further decline. Fortune favors the mindful; disasters come when one is heedless. Stay focused on learning and avoid being swayed by external influences to succeed this week. In finance and investments, go with the flow without rushing or being impatient. Lucky items and colors: agate and milky white. Lucky numbers: 8, 6, 7, 1, and their combinations.
Source: YAHOO
Reported 11 months ago
Since the rebound from the low point on April 22nd, Taiwan's stock market has seen positive performances from 5 domestic semiconductor ETFs, outperforming the overall market. Investors looking to capitalize on the opportunities presented by the upgrade in AI components (servers, chips, PCs, and phones) can consider investing in semiconductor ETFs such as AI Protection, AI Trend Dividend, preferably holding for at least three years. With the high chance of a market turnaround after the Dragon Boat Festival, now is a good time to consider investing in these ETFs. Among the 5 ETFs, New Taiwan Semiconductor 30 ETF showed the best performance with a 16.28% increase, followed by E Fund Taiwan Wafer Manufacturing and Citic Key Semiconductor ETF with 15.55% and 15.26% respectively. Fubon Taiwan Semiconductor and Yuanta Semiconductor Income ETF also performed well above the market at 13.67% and 12.69% increase. New Taiwan Semiconductor 30 ETF manager Chan Chia-Feng mentioned that post-Dragon Boat Festival, the second half of the year will see a focus on AI PCs and AI phones, bringing new opportunities for the electronics sector's operational prospects in the second half of the year.
Source: YAHOO
Reported 11 months ago
A charming opportunity may arise on June 8th, but caution is key as fate still plays a role and requires careful consideration. Impulsive actions should be avoided this week as rushing into decisions could be detrimental. Learning is a valuable strategy for turning things around, especially professional learning, which can greatly aid in correctly grasping and expanding career opportunities. When it comes to investments and seeking wealth, it's advised to stay defensive, wait patiently for the right moment. Lucky items and colors: pearls and creamy white. Lucky numbers: 7, 6, 1, 0 and their combinations.
Source: YAHOO
Reported 11 months ago
In an effort to resist US dominance and financial sanctions, Russian President Putin announced that the BRICS countries, consisting of Brazil, Russia, India, China, and South Africa, plan to introduce their independent payment system where the virtual currency XRP could potentially be used for cross-border settlements. The move aims to develop a system free from political pressure and external sanctions. This decision, if implemented, could greatly benefit XRP and potentially lead to a surge in its value.
Source: YAHOO
Reported 11 months ago
Chang Ruiyi as of June 8, 2024, at 4:10 PM, Xinyun (3583) has been consolidating in a range between 320 and 360 yuan, near the end of a triangular convergence. With the KD indicator crossing upwards at a low level, the stock price showed a strong 4.83% increase on the 7th, closing at 347 yuan. The company has three main business areas: equipment agency, self-made equipment, and recycled wafers. In particular, the self-made equipment sector benefits from the strong demand for wet process equipment, with promising order prospects. Riding the CoWoS demand surge, Xinyun's advanced packaging equipment shipments are expected to peak this year, driving operational growth for the year. More details in Commercial Times report: Taimicro: 1st in shipping volume by H1 next year, Taiwan PCB output value estimated to exceed 800 billion; FSC to focus on three key areas in next year's financial inspection.
Source: YAHOO
Reported 11 months ago
From now until August 31, 2024, Grand Hyatt Tainan in Dayuan is offering a refreshing summer menu with eight delectable dishes at prices ranging from 120 to 580 NTD, featuring seasonal ingredients like mango, winter melon, and lychee. The menu includes innovative dishes such as Mango Beef Stir-fry and Lychee Crispy Shrimp Balls. These dishes aim to satisfy diners' taste buds and provide a cool culinary experience during the hot summer months, ensuring a delightful dining experience. To make a reservation, call (06) 512-1807.
Source: YAHOO
Reported 11 months ago
Taiwan Baihe (9938) opened lower on the 7th but rose with the help of foreign and proprietary traders, closing at 68.7 yuan, up 3 yuan by 4.57%, marking a second consecutive rise with a trading volume exceeding 4,007 shares and successfully crossing various moving averages. In the past five days, foreign investors purchased for the third day in a row and proprietary traders bought for the second day, halting the decline on the 7th. With three major institutional investors holding a 25.29% stake, the stock price is likely to continue rising this week. Strong order fulfillment boosted the consolidated revenue to 1.322 billion yuan in May, a 38.07% annual increase, with accumulated revenue in the first five months totaling 6.112 billion yuan, up 27.75% annually, indicating a promising performance in the second quarter.
Source: YAHOO
Reported 11 months ago
As of June 8, 2024, the coffee industry in China is seeing fierce competition with local brands like Kudi Coffee challenging international chains like Starbucks with ultra-low prices. With 7,000 stores, newcomer Kudi Coffee has disrupted the market by selling coffee for less than 10 yuan per cup, leading to a new price war. Kudi's pricing, even lower than Starbucks and Luckin Coffee, has been well-received. Kudi's executives have expressed confidence in their low-price strategy, leading to rapid expansion and impacting the sales of existing chains such as Starbucks and Luckin Coffee in the Chinese market.
Source: YAHOO
Reported 11 months ago
US lawmakers have urged the US Department of Homeland Security to ban the export of goods by Chinese electric car battery manufacturers Ningo Times and Guoxuan High-Tech, who have partnerships with Ford and Volkswagen, respectively, due to alleged forced labor within their supply chains. Despite denials from the companies, US Congressional leaders have raised concerns over the connection between these Chinese firms' supply chains and forced labor, calling for their inclusion in the 'Uyghur Forced Labor Prevention Act' entity list.
Source: YAHOO
Reported 11 months ago
On June 8, 2024, Innolux's (2409) Chairman, Peng Youyou, announced plans to reduce the share of pure panel sales to less than 70% next year, transitioning from solely a panel company. Foreign and self-operated investors shifted from selling to buying on the 7th, with a net purchase of over 19,000 shares, driving Innolux's stock price up to NT$18.05 at closing. Innolux anticipates narrowing losses in Q1, operational improvement in Q2, and increasing revenue and profits throughout the year. The acquisition of German company BHTC in Q2, which is already profitable, is expected to enhance profitability with its strong foundation and customer structure. With the focus on car display products, a sector with long product life cycles, Innolux aims to increase car display revenue to reduce the impact of panel market fluctuations.
Source: YAHOO
Reported 11 months ago
Curated by Yan Qiangguo on June 8, 2024, the immersive light and shadow art technology exhibition 'Infinite Illusion of Metaverse' is set to take place in July at the Xinying Plaza in Fengyuan, Taichung during the summer. Organized by Wafang International Art and Bayi Cultural Creativity, it will feature internationally renowned art and creative director Wu Yongjian. Combining immersive light and shadow art technology, the exhibition aims to provide a unique visual and spiritual experience for the audience, exploring the innovative future development competitiveness of central cities through smart technology.
Source: YAHOO
Reported 11 months ago
In a report by analyst Zhong Kunzhen from Moore Investment Advisory on June 8, 2024, it was highlighted that the Taiwan stock market surged to a new high last week, with key contributors being major heavyweight stocks such as TSMC, Foxconn, and MediaTek. This week, Shengmao (3305) and Dantian (3455) were recommended, along with Fuqiao (1815), JTOUCH (3356), and Upride (3564). Shengmao, a large tin product manufacturer, is benefiting from the soaring international tin prices and strong demand for low-orbit satellites, with revenue expected to continue growing in the second half of the year and profits set to rise further. Dantian, a supplier of AOI inspection equipment for semiconductor back-end processes, is expected to see improved profits due to strong CoWoS demand. These companies are among the picks for potential growth in the near future.
Source: YAHOO
Reported 11 months ago
華固（2548）除權息行情全面發威，預計21日配發現金股利7.5元、股票股利1元，共計8.5元，並成為群益台灣精選高息ETF（00919）新成員。上周價量齊揚，7日量能放大，衝高至172.5元，漲幅9.18％；三大法人買超2,787張，其中外資連九賣、投信連八買。新案完工入帳空窗期後，北投總銷29億元「華固文臨」、中和50億元廠辦「華固中原置地」即將完工交屋，全年完工交屋量達79億元，有望回升營收和獲利。
Source: YAHOO
Reported 11 months ago
Taiwan Shin Kong Investment General Manager Lu Renjie on June 8, 2024, discusses the possibility of a rate cut by the US Federal Reserve (Fed) in July. Despite initial optimism of an early rate cut, recent economic data indicating a slowdown has led to market concerns and a reassessment of expectations. The market is currently underestimating the probability of a rate cut in July, with expectations leaning more towards September. The Fed's decision will heavily rely on upcoming economic indicators before the July FOMC meeting.
Source: YAHOO
Reported 11 months ago
The Capital Markets Development Foundation of Securities and Futures Institute of the Republic of China is launching a seminar series to help the public become familiar with new capital market systems, products, and services from securities and futures peripheral units for understanding the latest market trends, developing viable investment strategies, achieving asset allocation, and financial goals. The first event, titled '2024 Investment New Trends,' will take place on June 22nd at 2:30 pm in Taichung, covering topics like the use of eNotice electronic notices for shareholders and the current market trends. The seminar aims to educate and engage the public in financial knowledge sharing, ensuring investment protection. Attendees are required to wear masks, and those feeling unwell can opt for online streaming. Pre-registration and attendance updates will be communicated via SMS.
Source: YAHOO
Reported 11 months ago
To prevent Chinese companies from circumventing high tariffs through Southeast Asia's 'transshipment,' the US International Trade Commission (ITC) ruled on June 7 that cheap solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam (referred to as the four ASEAN countries) are harming US manufacturers. This decision may lead to new tariffs on these products, potentially affecting Chinese companies with factories in Southeast Asia. The investigation was initiated based on complaints filed by US solar manufacturers, alleging that solar panels from the ASEAN countries are being sold below production costs and benefitting from unfair subsidies, including those from the Chinese government. Further assessments and decisions regarding anti-subsidy and anti-dumping duties are expected by July 18 and October 1, respectively. The expiration of a tariff exemption for the four ASEAN countries has posed challenges for Chinese solar companies operating in the region, with reports of factories halting operations recently.
Source: YAHOO
Reported 11 months ago
The opportunities for both family and career success are rare. Although visible this week, interference may arise due to human factors. It is advisable to adopt a learning mindset and attitude, absorb information, analyze it from a research perspective, and relax to make progress. Listening is the key task for Scorpios this week, followed by reviewing after listening. When investing and seeking wealth, follow the trends in international finance. Lucky charm and color: amethyst and purple. Lucky numbers: 1, 9, 4, 8, and their combinations.
Source: YAHOO
Reported 11 months ago
Uni Resort introduces the Guan Guan Summer Vacation Special, offering a fantasy experience for families from now until September 30th, with packages starting at 4,999 yuan for two adults and one child on weekdays. Additional discounted options include the Dream Feast Dinner Car for only 1,600 yuan (originally 2,700 yuan). Guests can enjoy a variety of family-friendly activities and exclusive discounts, such as 30% off on weekdays and 20% off on weekends. Furthermore, activities like the tribal welcoming dance, biking in Dongfong Green Path, mushroom picking at XinShe, and a discount for entering code SE00500 at checkout are available. Special themed adventures like the Mahudy Magic Dreams Tour or the Kenting Navy Adventure are also highlighted with unique experiences and inclusions. Overall, whether enjoying seaside or nautical themes, Uni Resort offers diverse and entertaining options for vacationers.
Source: YAHOO
Reported 11 months ago
Taiwan's new Minister of Labor, Ho Pei-shan, announced plans to introduce a 'paid care leave' system to support working individuals in looking after elderly family members or children, especially aimed at improving the low female labor participation rate, particularly among those aged 50 and above, compared to the US, Japan, and South Korea. The initiative is designed to allow workers to balance work and caregiving responsibilities, addressing the early exit of Taiwanese women from the labor market. Ho emphasized the importance of adapting policies to the changing work landscape and the prevalence of dual-income households in driving the workforce to stay competitive, particularly regarding women and middle-aged individuals.
Source: YAHOO
Reported 11 months ago
The Central Bank will hold its Q2 board of supervisors meeting on June 13, with a focus on two key points. The first is whether there will be another 'surprise' interest rate hike and the second is whether there will be further measures to address the overheated real estate market. Concerns over rising property prices and the potential formation of a bubble have led to speculation on potential actions by the Central Bank to control the market, with a focus on credit control measures. The market is anticipating one of three possible moves: further reducing mortgage loan-to-value ratios, expanding definitions of luxury homes in certain areas, or another interest rate hike. Additionally, discussions will center on indicators related to housing prices, bank regulations, and real estate loans, with a possibility of another interest rate hike considering recent inflation rates. Market experts are uncertain about the outcome of the meeting but expect measures to curb speculative activities in the property market.
Source: YAHOO
Reported 11 months ago
Tao Wen June 8, 2024, 4:10 PM Taurus is in the rear of the sky. Mars enters Taurus. It's a week that requires caution in handling both work and family matters, feeling pressure from all sides. Focusing on learning is ideal during this time. Family luck is good, and it's a perfect period for Aries who plan to purchase or change homes, with favorable prices. In terms of investments, buy high and sell low, and go with the market trend. Lucky items and colors: moonstone and powder blue. Lucky numbers: 6, 1, 4, 2, with various combinations for additional luck.
Source: YAHOO
Reported 11 months ago
On June 8, 2024, at 4:10 pm, Jiuding (4588) cemented its bottom as its stock price broke through the 100 yuan level, riding the bullish trend in the electrical sector and hitting its daily limit early at 101.5 yuan. The stock has regained the 100 yuan level, firmly holding the short-term moving average. However, it faces resistance at the quarterly line as trading volume has not significantly increased yet, requiring further bullish confirmation. While Jiuding Electric's first quarter revenue dropped due to delays in installing smart meters for Taiwan Power, its gross and operating margins improved compared to the same period last year, leading to a 22% increase in net profit, with an EPS of 0.62 yuan. Although its May revenue showed recovery, hitting a historical second-highest monthly revenue of 131 million yuan with a 32.07% annual growth rate, the accumulated revenue for the first five months decreased by 16.76% year-on-year. More Commercial Times reports on the regulation of digital currencies and the digital transformation of the PCB industry.
Source: YAHOO
Reported 11 months ago
Datong (2371) experienced six consecutive days of decline in the past, but resurged as a focus for buyers last Friday, influenced by discussions on non-nuclear homes and industry power shortage. The stock opened with a surge in buying interest, reaching a closing price of 56 yuan, up by 2.4 yuan, with a trading volume of over 38,000 shares, a ten-day high. Although the stock faced pressure from the previous highs around 60 yuan, it showed positive signs like reclaiming the 10-day moving average and a golden cross in daily KD. Datong continues to grow in its power and new energy businesses, expanding its transformer business in North America, foreseeing a turnaround this year and possible dividend distribution next year.
Source: YAHOO
Reported 11 months ago
After three years, meme guru Keith Gill's first live show fell flat due to lack of new content and GameStop's poor profits, causing the stock price to plummet by nearly 40% on June 7. Despite attracting over 600,000 viewers in the 50-minute live show, Gill's failure to disclose valuable information resulted in GME stock struggling and closing at $28.22 per share. The rise of meme stocks like GME and the emergence of 'degen' retail investors who prioritize thrill-seeking over fundamentals has been fueled by social media platforms like Reddit and X, with mentions of 'degens' increasing significantly. These investors, led by Gill, have turned to risky investments for quick returns, with the popularity of meme stocks growing during the pandemic as platforms like Robinhood attracted young people to try trading. Gill's influence has once again drawn in 'degen' investors, with the average daily options trading volume hitting a new high.
Source: YAHOO