Reported about 1 year ago
Taiwan's Premier Su Tseng-chang stated that the focus for September is on maintaining stable electricity prices following adjustments earlier in the year. Emphasizing the importance of price stability and ensuring public electricity needs are met, Su also reiterated the government's commitment to the 'Nuclear-free Homeland' policy and addressing concerns from industries about water and electricity shortages. The Minister of Economic Affairs, Wang Mei-hua, welcomed foreign firms, like Nvidia and AMD, setting up data centers in Taiwan, assuring a review of energy supply and the use of renewable energy if demand exceeds expectations. Discussions about the potential extension of operations for nuclear power plants 2 and 3 were also briefly touched upon.
Source: YAHOO
Reported about 1 year ago
The Financial Supervisory Commission announced its record-high lending target of 420 billion NT dollars for banks to strengthen loans to small and medium enterprises this year. Although banks had only reached 28% of the goal by April, Deputy Director Lin Chih-Chi expressed confidence in meeting the target, considering Taiwan's economic growth rate of 3.5%. Historically, banks have exceeded their lending targets for small and medium enterprises, with the top five banks in April being Mega Bank, Sinopac, CTBC Bank, Taishin Bank, and E.SUN Bank leading in lending increases while others showed declines in lending.
Source: YAHOO
Reported about 1 year ago
Several listed car dealers experienced a double-digit increase in revenue in May due to better-than-expected performance in the car market. Yulon Motor Co. (2207) achieved a new high revenue of NT$24.819 billion, while Sanyang Motor (2206) hit a record high of NT$6.489 billion. Fandain Motor (2247) benefited from the delivery of a large number of BMW electric vehicles, reaching revenue of NT$6.109 billion. Yulon Motor expects further growth with the upcoming release of new Toyota and Lexus models. Sanyang also showed strong growth in revenue, with an increase of 7.87% year-on-year and 15.67% month-on-month. Fandain Motor saw a significant boost in revenue propelled by the delivery of BMW electric vehicles and Porsche models. The car market outlook is positive for the rest of the year.
Source: YAHOO
Reported about 1 year ago
Recent positive news for TSMC (2330) includes a share buyback of 3,249, Apple, Qualcomm, Nvidia, and AMD placing orders for TSMC's 3nm process chips until 2026, boosting TSMC's stock price to a record high of 883 NT dollars on June 11, 2024. Predictions indicate TSMC's Q2 revenue will increase by 10% driven by AI server and general server demand, with an estimated EPS of 8.83 NT dollars. AI-related chips remain a major revenue source for TSMC, projected to account for 11% of revenue this year and 14% next year. The new Apple M4 and upcoming iPhone 16 A18 chips will use TSMC's 3nm process, and a focus on AI in consumer electronics, particularly AI PCs, is anticipated to increase TSMC's CPU market share to 80% by 2025.
Source: YAHOO
Reported about 1 year ago
Taipei, June 11, 2024 - Security company Qiuou recently announced a May revenue of 100 million NTD, slightly up from the previous month's 99 million NTD, but down by 17.02% compared to the same period last year, attributing the decrease to a higher base period due to heavier shipments last year. While only certain regions like Vietnam and ASEAN showed growth in May, Europe and America saw flat shipments. With a 3.99% year-on-year increase in revenue from January to May, Qiuou remains positive about the second half of 2024, expecting better performance than in 2023 by focusing on cloud products, AI technology, solar-powered green energy monitoring systems, and AI-driven control centers for efficient monitoring in sparsely populated regions.
Source: YAHOO
Reported about 1 year ago
Delta Electronics announced a consolidated revenue of 35.078 billion NTD for May, up 4.6% monthly and 2.6% annually, marking a two-month consecutive growth and hitting an eight-month high. The market predicts a double-digit growth rate for the second quarter, with AI applications driving operations' growth potential for the rest of the year. Delta's revenue diversification across different sectors is noted, with a positive outlook on AI server power revenue, liquid-cooled heat dissipation products, and an estimated 20%-30% growth in electric vehicle revenue. Overall, expectations are high for double-digit revenue growth in Q2 fueled by AI servers and electric vehicles.
Source: YAHOO
Reported about 1 year ago
The editorial on June 11, 2024, reflects on the recently concluded European Parliament elections, highlighting a significant increase in far-right party seats, especially in France where the National Rally led by far-right figurehead Le Pen emerged victorious, prompting President Macron to dissolve parliament and call for early elections. The rise of far-right parties across Europe, influenced by issues such as energy inflation due to the Russia-Ukraine conflict, economic downturn post-pandemic, and challenges posed by illegal immigration, is expected to shape the continent’s future. The article also discusses how these political shifts could impact energy transition policies, with the EU countries reassessing their stance on nuclear power and environmental standards amidst growing societal divisions and economic concerns.
Source: YAHOO
Reported about 1 year ago
Huang Ren Xun, CEO of NVIDIA, announced plans to expand AI deployment in Taiwan with a focus on the electricity sector as demand surges during the hot weather season. ASE (1514) and Century Steel (9958) are benefiting from the increased interest in both traditional and green energy, with ASE performing well due to Taiwan Power's resilient grid plan, posting record-high revenues and a strong order backlog. On the other hand, Century Steel, a wind energy stock, is thriving on the localization trend in offshore wind power and limited domestic competition, with robust long-term orders and high profitability, projecting to achieve new high EPS levels in the upcoming years.
Source: YAHOO
Reported about 1 year ago
Benefiting from steady increases in freight rates and volumes, major shipping companies Evergreen, Yang Ming, and Wan Hai all reported double-digit growth in revenue for the month of May, with Yang Ming hitting NT$16.925 billion and Wan Hai reaching a combined revenue of NT$11.454 billion. Expecting a continuation of congestion at ports and higher operating costs, Yang Ming stated that strong demand is likely to support freight rates, while Wan Hai mentioned that geopolitical tensions in the Middle East and congestion at ports may affect turnover rates but overall steady growth is expected in operations. Despite challenges from global factors such as the crisis in the Red Sea and adverse weather conditions, the shipping market and major ports are expected to continue facing congestion issues, potentially impacting vessel schedules and flight punctuality.
Source: YAHOO
Reported about 1 year ago
In the second quarter of 2024, the market has been steadily rising, leading to strong demand in the Taiwan and overseas stock and bond markets, with new funds being raised continuously. After the Dragon Boat Festival, four new ETFs will enter the market, focusing on Japanese stocks, multiple assets, and investment-grade corporate bonds. Japanese stock ETFs have become a rare target in the fund market, with a particular focus on companies including semiconductor giants benefiting from the ongoing US-China tech war. Additionally, multiple asset and bond ETFs are becoming standard in product lines, catering to investors seeking stable returns amidst global market uncertainties.
Source: YAHOO
Reported about 1 year ago
All four major airlines in Taiwan, including China Airlines and Starlux Airlines, have reported excellent revenue performances in May with a significant increase in passenger demand and strong cargo demand. Looking ahead, China Airlines has increased flight frequencies by 25% compared to the same period last year, expecting a continued increase in passenger traffic. Starlux Airlines has introduced special themed flights to attract more passengers during the summer peak season. Tigerair Taiwan is optimizing its flight network by expanding routes to Japan, Korea, and Southeast Asia and increasing flight frequencies. China Airlines, Starlux Airlines, and Tigerair Taiwan have all achieved record-high revenues in May, driven by continuous growth in passenger and cargo operations.
Source: YAHOO
Reported about 1 year ago
Huang Yuting, Wei Qiaoyi / Taipei Report on June 11, 2024, 4:10 pm, securities salespersons and investors often share account information and certificates with each other, leading to disputes; the Financial Supervisory Commission has issued four fines within three years and urged investors not to hand over passbooks and account passwords to salespersons. Non-compliance could result in fines ranging from 300,000 to 6 million under the Securities and Exchange Act, with salespersons facing suspension or even dismissal. Cases of salespersons managing clients' passbooks were observed in recent years, with fines imposed by the Commission, indicating the need for enhanced monitoring to prevent illicit activities or trading disputes.
Source: YAHOO
Reported about 1 year ago
In order to keep up with the changing landscape of the stock market, Wellhope Investments is launching the Wellhope Japan Leading ETF (00949) on June 12th, which tracks the 'NYSE FactSet Japan Moat Advantage Leading Enterprises Index.' This ETF is the first domestic fund with fundamental screening for Japanese stocks, offering investors a new tool for bullish market conditions. By incorporating 'Smart Beta' strategies, the ETF selects 30 stocks based on factors like market value, liquidity, fundamental analysis, and weight calculation, with additional criteria related to global competitiveness. These selected stocks cover popular investment themes and have shown better performance compared to the broader Japanese stock market indices. With a focus on leading Japanese companies, this ETF is poised to benefit from the country's economic changes and investor preferences.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, the Central Bank announced that the daily average reserves for May increased slightly by 26 billion NT dollars, reaching 6.3 trillion 979 billion NT dollars, the second highest in history. This increase is mainly attributed to the interest rate hikes by the Central Bank in Q1 and the heightened short-term funding demand due to the tax season in May. It is projected that market funds will remain tight as the end of the June quarter approaches, along with half-year business settlements and the third-quarter dividend payment wave.
Source: YAHOO
Reported about 1 year ago
HT Securities pointed out that the shipment of foldable phones is lower than expected in 2024, but is expected to increase to 17.5 million units from 15 million in 2023. However, 2025 is projected to be a strong growth year for foldable phones, with New Ray (3376) securing major hinge orders for Apple's new foldable phone and Double Hong (3324) gaining ground in the industry. The prediction for 2025 is a shipment of 23.5 million foldable phones, with Samsung and Huawei holding 45% and 26% market share respectively. Apple plans to start production of a new 20.3-inch foldable device by the end of 2025, and a foldable iPhone is anticipated by the end of 2026. New Ray is expected to play a significant role in the supply chain for Apple's foldable devices.
Source: YAHOO
Reported about 1 year ago
Six major life insurance companies in Taiwan have collectively earned nearly 200 billion in capital gains in the first five months of the year, with the top earner being Cathay Life Insurance at 39.32 billion NT dollars. The companies capitalized on the stock market surge in May, realizing profits from stock sales. Despite facing challenges such as exchange rate fluctuations, they managed to offset losses by selling stocks at opportune times.
Source: YAHOO
Reported about 1 year ago
In response to the domestic intellectual property and technology service industry development trends and talent needs, the Ministry of Economic Affairs has actively promoted the iPAS industry talent assessment in recent years. Among them, in the cross-disciplinary and green energy technology category, a third-year student from the accounting department of Chaoyang University of Technology, Liu Liansheng, performed outstandingly, ranking first in the 'Intangible Assets Valuation Management Division' certification exam. The certification rate for students in the accounting department was as high as 62.50%, surpassing the national average of 33.82%, making them the best in Taiwan. With a focus on core accounting and interdisciplinary integration, the accounting department at Chaoyang University of Technology aims to cultivate accounting professionals who meet the demands of the job market, enhancing their employment competitiveness significantly.
Source: YAHOO
Reported about 1 year ago
According to the China Passenger Car Association, the 'old-for-new' policy and a ceasefire in price wars have led to a surge in new energy vehicle purchases in May, with a year-on-year increase of 38.5%. The total retail sales of new energy vehicles reached 804,000 units, contributing to the overall passenger car market with 1.71 million units retail sales, showing an 11.4% increase from the previous month. This positive trend is expected to continue in June, supported by various policy measures, recent trade show effects, and a cooling in price competitions.
Source: YAHOO
Reported about 1 year ago
Cancer often strikes silently, and with patients getting younger, it has become one of the most feared diseases among the Taiwanese. In response to the irreversible impact of cancer and the huge medical expenses involved, Nanogen Quality Biomedical has combined science and medical expertise to develop the innovative 'SAA Protein Test,' realizing preventive medicine for cancer. This groundbreaking biomedical testing platform, utilizing nanoscale mass spectrometry technology fully integrated with the SAA protein test, is the world's first to combine protein variant barcoding and classification models. Initiated by key technician Dr. Chen Yu-ju, the technology emerged from 20 years of research and clinical trials involving research institutions such as Academia Sinica, National Chiao Tung University, Kaohsiung Medical University, and National Yang Ming Chiao Tung University. Dr. Chen Yu-ju, known for her contributions to the field, played a pivotal role in advancing the technology and served as a lead scientist. The company notes that Taiwan, under Dr. Chen's guidance, participated in the Cancer Moonshot initiative led by former U.S. Vice President Joe Biden in 2016, aiming to enhance effective cancer treatments globally. The company's strength lies in its key biomedical technology for cancer detection, with developed nanoscale mass spectrometry and SAA protein test that can detect stomach and colorectal cancers at an over 85% rate before the second stage. The cancer biomarker detection platform's primary innovation lies in its 'fast, early, and accurate' approach, offering non-invasive blood tests with an accuracy rate exceeding 85%, making it a safer and higher-quality method for gastric and colorectal cancer detection, endorsed by multiple hospitals and renowned health screening centers like Kaohsiung Medical University Hospital and Chi Mei Medical Center.
Source: YAHOO
Reported about 1 year ago
Shunde (2351) opened on June 11, 2024, with initial price fluctuations but quickly rose due to strong support from major players, hitting the daily limit up in just 45 minutes and closing at 163.5 yuan, up 14.5 yuan with a high trading volume of 9,217 shares, successfully holding above various moving averages. Despite selling pressure from foreign investors in the past few days, trust and proprietary traders have been buying, forming a positive atmosphere, with the three major institutional investors holding a 22.91% stake. The KD indicator is in the overbought zone trending upwards with a high buy queue and no sell orders, indicating a potential favorable price trend. The company reported a May consolidated revenue of 929 million yuan, down 2.17% annually, and a cumulative revenue of 4.23 billion yuan in the first five months, down 7.38% annually. In other news, the Energy Minister's clear policies can drive the industry's necessary electricity production, and Kin Chyu is set to achieve Q4 profits by focusing on 5G private networks and smart factories.
Source: YAHOO
Reported about 1 year ago
Chinese Premier Li Keqiang is visiting Australia for four days starting from June 15, becoming the first Chinese premier to visit Australia since 2017. During his visit, Li Keqiang will meet with Australian Prime Minister Albanese for the 9th round of the China-Australia Annual Prime Ministers' Meeting, with mineral trade issues being a key focus. Li Keqiang's itinerary also includes visits to New Zealand, Malaysia, Adelaide, Canberra, and Western Australia, highlighting the importance of trade partnerships between China and Australia despite recent trade restrictions.
Source: YAHOO
Reported about 1 year ago
中国外长王毅在俄罗斯的金砖国家外长会议上呼吁金砖国家加强金融、贸易合作，指出金砖国家占全球人口近半、全球贸易五分之一，并已超过G7经济总量。王毅敦促金砖国家共同捍卫发展中国家权益，推动财金管道合作并扩大新开发银行融资多元化。同时，他强调要发挥金砖国家市场优势，推动金融、贸易、能源、创新合作，确保金砖国家合作取得丰硕成果。
Source: YAHOO
Reported about 1 year ago
Huang Qiyuan, President of Lan Tao Asia, and founding director of the Taiwan M&A and Private Equity Association, discussed the various forms of cooperation between businesses, such as strategic alliances, joint ventures, and strategic investments, with an emphasis on Taiwan's current wave of global expansion and mergers due to geopolitical shifts, rapid technological advancements, and the emergence of ecosystem models in global industries. The article highlights examples such as Hon Hai and Kioxia forming strategic alliances and entering the semiconductor sector. It also explains the difference between industry holdings and mergers/acquisitions, showcasing success stories like Daliandali's industry-holding model. As Taiwanese industries undergo transformation and seek to enter new fields, concepts like the 'fleet model' and 'virtual vertical integration' are proposed for efficient resource integration. Taiwan's growing importance in the global supply chain due to geopolitical tensions between China and the West is also noted, driving increased collaboration and strategic alliances between Taiwanese and foreign enterprises.
Source: YAHOO
Reported about 1 year ago
台股加權指數持續上揚，16檔上市櫃公司包括永豐金、世界、遠東新等在5月營收呈現年月雙增，法人積極偏多操作，股價表現較大盤強勁，有望持續引領台股多頭，永豐金、興富發等公司獲利表現亮眼，尤其永豐金5月營收大增，外資連續買入，台股較穩定，呈現相對安全的投資選擇。
Source: YAHOO
Reported about 1 year ago
Recent fluctuations in international gold prices have seen prices dipping below $2,300, even causing a drop of 15 Chinese yuan per gram in mainland China's gold jewelry prices. Despite this, Taiwan Bank points out that with high uncertainties in the Middle East situation and mild signs of slowing US inflation, there is still a chance for gold prices to challenge $2,400. Analyzing recent geopolitical risks, weak US manufacturing PMI, and employment data, Taiwan Bank observes a correction trend but believes that if gold prices remain above $2,300, a retest of $2,400 is possible due to oversold short-term indicators and the ongoing Middle East uncertainties.
Source: YAHOO