Reported about 1 year ago
According to a report from Taipei, on June 11, 2024, the four brothers of the Chang family at Evergreen Group reached a peaceful split, with Chang Yung-fa's family holding company EVA International (EIC) filing that they will transfer 45,000 EVA Air shares and 15,000 Cathay Financial Holdings shares within a month, aiming to clear their holdings as part of the family separation plan to welcome Chang Kuo-hwa's era. This marks the fourth time EVA International declared the transfer of EVA Air shares and the third time for Cathay Financial Holdings. The profits from the transfers will be distributed based on the equity ratio. The Chang family is expected to continue selling off their EVA Air and Cathay Financial Holdings shares, with Chang Kuo-hwa leading Evergreen Group towards becoming a key controlling core. Currently, the Chang family is the largest shareholder of Evergreen, holding 15.54% of the company and controlling rights.
Source: YAHOO
Reported about 1 year ago
According to the Taiwan Association of Machinery Industry, electronic and measuring equipment led the recovery of Taiwan's machinery equipment exports, with export values in May and the first five months of the year growing compared to the same period last year. The chairman mentioned that the AI opportunities and electronic equipment are expected to drive the growth of Taiwan's machinery exports, particularly in the semiconductor industry. While tools and components export values showed a slight decrease, the overall outlook appears positive with AI and electronic equipment as the main drivers for future growth in the industry.
Source: YAHOO
Reported about 1 year ago
Amid technology stocks leading the way on the Taiwan Stock Exchange, Taipei Bank Investment Trust reports strong performance in tech funds, with the top ten tech funds showing average performances of 23.91% in the past six months and 19.73% year-to-date by the end of May. The focus on AI chips and related industries has boosted related sectors and fund performances, with a predicted surge in capital expenditure in technological advancements like AI servers driving the trend. Additionally, with the rise of the new space era, investments in low earth orbit satellites and niche sectors like electronic paper are expected to bring opportunities. Taipei Bank Investment Trust recommends diversifying investments and aligning with emerging trends for long-term growth potential in asset performance.
Source: YAHOO
Reported about 1 year ago
Shen Meixing reported from Taipei on June 11, 2024, at 4:10 pm that Taiwan Electric Power's robust grid project released orders, coupled with rising international copper prices, led to most listed cable companies in the industry showing revenue growth in May and the first five months. Companies such as Huadian (1603), Daya (1609), and Dashan (1615) achieved record-high revenues in May and the first five months. The cable industry benefited from Taiwan Electric Power's project with accumulated orders ranging from over 2 billion to nearly 9 billion USD, with copper prices in April averaging $9,482.43, a 7.58% annual increase, driving consistent revenue growth in May and the first five months. Companies like Huadian have secured orders exceeding 5 billion USD, with YoY revenue growth of 46.46% in May and 21.65% in the first five months, setting new records. These positive trends were attributed to high copper prices, increased shipments by Taiwan Electric Power, and growth in enamel wire sales compared to the same period last year.
Source: YAHOO
Reported about 1 year ago
Following the Dragon Boat Festival holiday on June 11th, the Chinese yuan experienced a significant drop against the U.S. dollar, falling below 7.25 yuan onshore, marking a near seven-month low. Market analysis suggests that due to the strength of the dollar, the yuan may continue to face pressure in the short term and may reach around 7.35 yuan by the end of the year. Various financial institutions provide different forecasts on the future trajectory of the yuan, with some expecting a gradual recovery towards the end of next year.
Source: YAHOO
Reported about 1 year ago
Benefiting from the effect of expanding stores and the boost in dining opportunities from Mother's Day, chain restaurant groups such as Bafang Yunji, Han Lai, and Yang Qin reported positive revenue for May, setting new highs compared to the previous months. Looking ahead, with the upcoming graduation season and summer holidays in June, July, and August, many operators plan to continue expanding stores or introducing new brands to maintain strong operational momentum. Various strategies like introducing new dishes and stringent quality control measures are underway to sustain growth.
Source: YAHOO
Reported about 1 year ago
蘋果宣布與OpenAI合作為產品新增AI功能,引起特斯拉CEO馬斯克的擔憂。馬斯克表示擔心個資安全並禁止旗下員工使用蘋果裝置,批評此舉是安全違規。雖蘋果強調重視個人隱私,但馬斯克直言其公司全面禁用蘋果產品,要求蘋果停止合作的「可怕間諜軟體」。馬斯克旗下公司包含特斯拉、SpaceX、X、SolarCity、Boring Company、Neuralink和xAI,共14萬員工。
Source: YAHOO
Reported about 1 year ago
Taiwan Cement's May consolidated revenue reached NT$13.86 billion, a record high for the company, attributed to benefits from expanding stakes in cement plants in Turkey and Portugal. The company's internationalization strategy, including entering the European cement market, has shown significant growth with a 44.44% year-on-year increase in revenue, marking the highest growth rate since 2019. Taiwan Cement's Chairman Chang An-ping unveiled plans to transition into a holding company and outlined key focus areas supporting the company's development, including Taiwan cement, mainland China cement, international low-carbon cement markets in Eurasia and Africa, and new energy sectors. The company is optimistic about its operations in the European market and the continued growth of its new energy business.
Source: YAHOO
Reported about 1 year ago
聯發科指出台版晶片法案獨漏IC設計業優惠,未受惠租稅優惠,呼籲政府擴大抵減範圍。該法案提供抵減稅率,但IC設計業主要投資項目為研發費用,非大規模設備費用。聯發科強調公司對台灣產業鏈貢獻,希望政府擴大租稅優惠範圍支持台廠IC設計業者。
Source: YAHOO
Reported about 1 year ago
Due to recent economic data fluctuations, market expectations for a Fed rate cut have been fluctuating with the latest non-farm payroll numbers impacting the anticipation. As a result, there has been a noticeable strengthening in the momentum of the three major bond markets, with investment-grade bonds attracting $5.8 billion in funds and accumulating nearly $150 billion in inflows so far this year, leading in various stock and bond funds. Various global bond markets have seen mild gains in the past week, with the US high yield bond and convertible bond indices performing relatively well. Analysts foresee opportunities in US high-yield bonds as default rates are expected to remain relatively low, and the overall fundamental outlook is positive.
Source: YAHOO
Reported about 1 year ago
Following the impact of TSMC effect, NVIDIA will also establish an advanced AI computing center in Kaohsiung Software Park. With ample cash on hand, Guo Yang Industrial's founder Hou Xifeng is optimistic about Taiwan's real estate market. They will adopt a strategy of leasing rather than selling for their income-producing properties, focusing on retaining commercial offices and boutique hotels for long-term holdings. Guo Yang is bullish on Taipei and Kaohsiung's residential and commercial real estate, with a total area exceeding 320,000 ping, engaging in various urban renewal and construction projects in both cities.
Source: YAHOO
Reported about 1 year ago
After the release of the combined revenue of listed companies for May, it shows a continuous monthly increase since February 2024, with certain stocks like Evergreen Marine, Yang Ming, Yuanta Financial, Zhonggong, and Hsin Fu Bao being favored by institutional investors. These stocks are mainly concentrated in the aviation, shipping, banking, and construction industries. The focus on these industrial stocks indicates a positive outlook, especially with notable revenue increases seen in May for companies like Evergreen Marine, Yang Ming, and Shin Zu Shiang, emphasizing the strength of the industrial sector as key players display strong financial performances.
Source: YAHOO
Reported about 1 year ago
ASIC company Weltrend-KY announced a record-breaking combined revenue of 4.373 billion NTD in May, a historical high. However, despite fears of increased competition and risks related to server CPU ASIC projects under the Arm architecture, Weltrend's management remains confident in future prospects, citing strong overall customer demand and aiming for a 30% annual revenue growth next year. The company achieved a 60.65% year-on-year and 8.9% month-on-month growth in May, with a total combined revenue of 18.857 billion NTD in the first five months of the year, a 70.83% increase from the same period last year. Despite this strong performance, foreign institutional investors took a selling position, resulting in an 8.39% drop in stock price on the 11th. While competition intensifies with the entry of companies like MediaTek and Socionext into the market, Weltrend's management sees growth potential driven by orders from IDM customers and automotive projects, with the company poised to excel in the evolving landscape of advanced chip production and packaging technologies.
Source: YAHOO
Reported about 1 year ago
With the official mass production of H100 and H200 chips by NVIDIA on June 11, 2024, radiator manufacturer QYUN (3017) is seeing an increase in revenue by an estimated 10% in the second quarter, driven by their 3D VC air-cooling system for general-purpose servers. QYUN's 3D VC technology, which combines heat plates and heat pipes, offers superior cooling capabilities and lower costs than liquid cooling systems, primarily applied in general servers, network products, and telecom machine rooms. The company's Vietnam plant started mass producing 3D VC products in May, and the expected release of their liquid cooling products in 2025 aims to achieve a market share of over 10%, foreseeing long-term growth potential.
Source: YAHOO
Reported about 1 year ago
Taipei, June 11, 2024, 4:10 PM - The operation of mature semiconductor wafer foundries is expected to see a significant rebound in the latter half of this year. Leading companies like TSMC reported a growth in May revenue, marking the first double-digit growth this year, with positive trends also seen in UMC and Powerchip. Analysts predict that the market has completed inventory adjustments, paving the way for improved operations in Taiwan's three major mature process semiconductor factories in the coming months. Despite uncertainties in the global economy, the industry is expected to gradually recover in the latter half of 2024, with a clearer outlook for 2025.
Source: YAHOO
Reported about 1 year ago
Despite overall inflation in the UK cooling down to near the 2% target, a recent employment report shows that wage growth continues to surge, causing concerns for the Bank of England (BOE) scheduled to meet next week, potentially delaying a rate cut. The Office for National Statistics (ONS) revealed a 6% increase in average earnings (excluding bonuses) from February to April, slightly below economists' predicted 6.1% rise. While April's inflation rate slowed to 2.3%, inflation in the labor-intensive service sector remains high at 5.9%. Due to worries that excluding energy prices the overall inflation could rise, including rapid wage growth, the BOE is expected to keep the benchmark interest rate frozen at a 16-year high during its monetary policy meeting on June 20th, with speculation of a possible rate cut in August to address the first decrease since March 2020.
Source: YAHOO
Reported about 1 year ago
With the revival of cruise tourism on June 11, 2024, insurance companies seize the opportunity by introducing cruise travel insurance, such as Wangwang Youlian, which is the first to offer cruise travel insurance covering statutory infectious diseases. As travelers increasingly prioritize safety during their trips, the demand for cruise insurance is on the rise, prompting companies to offer various coverage options including medical emergencies, accidents, and third-party liabilities. Wangwang Youlian's new 'Wangwang Ping An You' cruise travel insurance focuses on overseas accident medical coverage, while other insurance providers like Zhaofeng Insurance offer comprehensive travel inconvenience benefits such as trip cancellation fees, itinerary changes, and medical assistance up to NT$3 million. These policies cater to different needs of cruise passengers and aim to provide financial protection in case of unforeseen events during travel.
Source: YAHOO
Reported about 1 year ago
中華郵政將於6月14日發行紀念郵票慶祝中華民國陸軍軍官學校100周年校慶,郵票以國旗、校旗、校門等為背景,展現學生黃埔精神及百年來為國貢獻心力的真性情,象徵祈望國家長治久安、國祚綿延。郵票發行還附有首日封、貼(護)票卡及集郵卡等配套商品。
Source: YAHOO
Reported about 1 year ago
台中寬合藝所(K.H. Living Gallery)舉辦了「以茶之名,典藏珍寶」茶寶藝術展,展出9件當代瓷器大師赫昀(Stefanie Hering)的創作,同時也是Hering Berlin品牌創辦人的作品。展覽將持續至7月底,展品以致敬經典與傳承未來為主題,表現寧靜優雅卻又充滿能量的風格與紋理,觀眾可感受其與作品間超越維度的相互連結與交會。
Source: YAHOO
Reported about 1 year ago
Taking into account various market factors such as the upcoming annual shareholders' meetings, dividend adjustments, and thematic events like the Apple Developer Conference, biotech fairs, and multimedia exhibitions, public banks are optimistic about TAIEX's performance post-Dragon Boat Festival. They anticipate a continued uptrend with a possible consolidation in the third quarter and a push towards 23,000 points in the fourth quarter. While there are concerns about geopolitical tensions and uncertain Fed rate cuts, public banks recommend monitoring stock fundamentals, technicals, and market sentiment closely for competitive and resilient investments amid market fluctuations.
Source: YAHOO
Reported about 1 year ago
On June 11th, the Taiwan stock market hit a new high of 22,003 points led by TSMC and financial stocks, but pressures from the shipping industry giants caused a downturn. Despite reaching the milestone, the index closed lower at 21,792 points due to market caution over the US CPI and FOMC meeting. TSMC announced dividend distribution, attracting investors, and major financial stocks saw profits, pushing the market to reach new highs. However, news of a potential ceasefire in the Red Sea crisis led to a drop in shipping stocks and a black turn in the index, closing 66 points lower at 21,792. Foreign and domestic investors were cautious due to uncertainties in the global market, affecting trade on the day.
Source: YAHOO
Reported about 1 year ago
According to Israeli financial media Calcalist on June 10, 2024, Intel has decided to temporarily suspend its $25 billion semiconductor plant project in Israel. The company requested the construction contractor to halt the project, citing the need for responsible capital management. Intel reaffirmed its commitment to investing in Israel but did not provide a specific timeline for the suspension duration, as multiple factors affecting the project's progress led to the temporary pause. The plant was expected to produce 10-nanometer chips and operate until 2035 to enhance global supply chain flexibility alongside investments in Europe and the United States. Intel might continue the suspension until the exact construction costs are determined.
Source: YAHOO
Reported about 1 year ago
The European People's Party (EPP), known for its center-right stance, remains the largest party following the conclusion of the European Parliament elections on June 11, 2024. The emergence of the far-right has created ripples in the political landscapes of Germany and France, potentially impacting the EU's restrictive measures on Chinese goods. With the increase in far-right seats, issues related to security, climate change, and industrial competition between China and the US may face obstacles in the new legislation. Nationalism parties skeptical of the EU could influence the cooperation needed within the EU to overcome differences. Recent elections have shown various EU parties shifting positions towards or against China, highlighting the growing divide on how to address China's expanding influence.
Source: YAHOO
Reported about 1 year ago
The Ministry of Economic Affairs' Small and Medium Enterprise Administration will lead a delegation of 19 Taiwanese startups to the US from June 23 to 26 to participate in SelectUSA, the largest investment promotion event in the US. Nine Taiwanese startups made it to the finals, ranking the highest globally, with the ministry assisting through funding, talent, and market access to help them explore international markets and secure real investment and business cooperation opportunities. This initiative aims to connect Taiwanese and global startups with the US market and expand international business opportunities, with past success stories including four startups ranking in the top three worldwide and 20 startups securing a total of NT$1.8 billion in international investments.
Source: YAHOO
Reported about 1 year ago
Apple's Worldwide Developers Conference (WWDC) on June 11, 2024, unveiled the latest AI system 'Apple Intelligence,' alongside a partnership with OpenAI to integrate ChatGPT with Siri. Analysts predict a wave of phone upgrades after the launch of iPhone 16 this autumn, with CEO Cook stating that 'Apple Intelligence' will be essential software across Apple devices. The generated AI technology in Apple Intelligence allows for tasks like composing texts, displaying family photos upon request, and simulating traffic conditions. Siri's enhanced natural language understanding and ability to execute commands without exiting apps are expected to elevate user experience. Apple emphasizes user privacy by running most AI computations locally on devices or within Apple's private cloud servers, ensuring user data isn't shared for training AI models. Despite competitors having launched similar AI features prior, Apple Intelligence's requirements of iPhone 15 Pro or Pro Max devices are expected to drive the largest wave of upgrades since the iPhone 12's release in 2020, with an estimated 15% of iPhone users potentially upgrading to iPhone 16 according to Wedbush analysts.
Source: YAHOO