Reported about 1 year ago
Listed companies in Taiwan achieved a record-high combined revenue of NT$3.61 trillion in May, marking the best performance in the same period in history. This 'most prosperous May' was driven by a global economic recovery and increased contributions from AI applications. Large electronic stocks are expected to continue strong performances, supporting the overall market outlook. Leading companies such as Foxconn, TSMC, Quanta, Wistron, and AUO notably contributed to the exceptional May revenue, with a total revenue of NT$1.05 trillion. The positive trend is attributed to a variety of sectors including electronics, construction, and consumption. The electronic industry is showing resilience in what is traditionally a slower quarter, pointing to further growth potential in the coming months.
Source: YAHOO
Reported about 1 year ago
As housing prices remain high and real wages decline in Taiwan, the Ministry of the Interior is exploring the concept of 'renting homes to get married and have children' to address housing justice. While controlling speculation in the housing market has been attempted, rigid demand persists. Government officials note that the tools to control housing prices lie with financial and tax authorities, citing that raising interest rates could lower prices, but considering the high homeownership rate of 80% in Taiwan, a price drop could lead to socioeconomic issues. Proposals to stabilize housing prices include enhancing the rental market and providing subsidies to reduce housing costs. However, the deep-rooted belief in owning property remains among Taiwan's population, with some viewing renting as a compromise due to financial constraints rather than an ideal state. Drawing inspiration from the Netherlands, where renting is common, Taiwan's efforts to increase social housing stock to 25,000 units by 2032 still fall short compared to the total housing stock of 9.2 million. To shift public perception away from 'buying a house to start a family' and toward the stability of renting, more incentives and policies are needed to convince the population that renting is not just a compromise and that the dream of owning a home can still be achieved, despite the challenges.
Source: YAHOO
Reported about 1 year ago
Fu Bang Media reported a record-breaking revenue for May and the first five months of 2024, reaching NT$89.8 billion and NT$439.75 billion, respectively. The surge was attributed to increased demand for dining vouchers during Mother's Day and graduation season, as well as a boost in beauty product sales. Additionally, XinXin Net also achieved a historical high in May revenue at NT$4 billion, with significant contributions from digital marketing and e-commerce operations, projecting stable long-term growth backed by new brand clients. Both companies are optimistic about the upcoming shopping season, such as the 618 Shopping Festival, anticipating continued revenue growth throughout the year.
Source: YAHOO
Reported about 1 year ago
Chang Hwa Bank is collaborating with the Yurichu Market in Japan to organize the 'Yurichu Pay and Explore Yurichu Market, Enjoy 20% Discount with Taiwan Pay' event from now until December 8, 2024. Shoppers can receive a 20% cashback when using Taiwan Pay (limited to financial cards/accounts) at participating stores in the Yurichu Market, with a maximum cashback of NT$500 per transaction and a total cashback limit of NT$300,000. The Yurichu Market, located at the intersection of Sec. 4, Huanzhong Road, and Sec. 2, Wuquan West Road in Nantun District, Taichung City, features a unique solar-powered market setting, offering a variety of fresh seafood and Japanese cuisine. Chang Hwa Bank aims to support local businesses and promote digital payment trends while contributing to environmental sustainability and creating a more sustainable future.
Source: YAHOO
Reported about 1 year ago
To enhance the competitiveness of agriculture in Yunlin, the county government held the 'Yunlin County Youth Industry Exchange Results and Smart Agriculture University Graduation Ceremony' on June 6 at the Yunlin County Farmers' Association. Guided by the Central Region Development Center, the event showcased the annual and learning achievements of the participants. Since 2020, Yunlin has nurtured 45 young agricultural brand representatives and over 1,700 individuals through programs like the 'Youth Farmers Guidance Value-Added Plan' and 'Smart Agriculture University Plan', with a commitment to continuing support for rural youth industry advancement and attracting more young people back to rural areas. The graduation ceremony recognized outstanding participants and teams, aiming to drive positive growth in Yunlin's agricultural sector by elevating the quality of agricultural talent through educational training courses and experiences, stimulating innovation, and enhancing market insight.
Source: YAHOO
Reported about 1 year ago
OpenAI announced a partnership with Apple on June 10, revealing changes in top management by appointing former Facebook executive Kevin Weil as Chief Product Officer, and luring ex-Square CFO Sarah Friar as the CFO, sparking speculation about the possibility of OpenAI moving towards its first Initial Public Offering (IPO). Friar is set to lead the financial team to support core research and development areas and ensure continuous growth to meet an expanding user base in a complex global environment. Friar, with extensive experience in companies like Square and Salesforce.com, expressed her excitement about OpenAI's goal of creating general artificial intelligence for the benefit of humanity.
Source: YAHOO
Reported about 1 year ago
Century Life (5314) has diversified its operations with a focus on military drones market, leveraging its existing semiconductor, system module, and IC module technologies and experiences. The company has developed four drones, with flight control computer IC modules and heavy-duty drones already in mass production. With sales of health products driving revenue growth, Century Life saw a doubling of revenue in May, reaching 0.38 billion NTD, a 4,229% increase year-over-year, and total revenue for the first five months at 2.49 billion NTD, a 4,685% increase. The company aims to capitalize on the Ministry of National Defense's procurement plan for drones over the next five years, with a total budget of 5.688 billion NTD.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, Chen Jiameng, and Xiong Zhimin from the Industrial and Technology International Strategic Development Institute of the Institute of Industrial Economics analyzed the Taiwan machine tool industry, noting the need to consider the environmental impact across the entire supply chain in green transformation. As the world aims for net zero emissions by 2050, with the EU's Carbon Border Adjustment Mechanism (CBAM) set to be implemented in 2026, countries are heavily investing to achieve net zero transformation. Over a third of global large companies have publicly stated their net zero goals, with a focus on optimizing digital technology, creating carbon-smart organizations, and collaborating for sustainable development. Strategies mentioned to reduce energy consumption in the energy-intensive machine tool sector include improving equipment energy efficiency, changing process technologies, and implementing smart manufacturing applications. Cases like Deoleo and machine tool manufacturers utilizing energy-efficient technologies showcase significant energy savings and potential for further technological breakthroughs and government support in driving carbon reduction in the industry.
Source: YAHOO
Reported about 1 year ago
Shihlin Electric and Hwa Cheng have both achieved record-high revenues in the first five months, attributed to Taiwan Power's Resilient Grid Project, exports, and the green energy industry. Hwa Cheng is investing over 1.2 billion NT dollars to expand production capacity with new plants in Guanyin and Taichung Port, potentially adding billions to the annual output. Meanwhile, Shihlin Electric is expanding its new plant in Hukou, Hsinchu, with production capacity set to increase by 25% by the first quarter of next year. Both companies, along with others, are benefiting from Taiwan Power's continuous project releases, with Shihlin Electric's May revenues slightly down due to delayed revenue recognition, yet marking a record-high for the first five months.
Source: YAHOO
Reported about 1 year ago
膳安國際旗下的玉膳坊品牌以專業營養、中醫調理、美味變化和食安把關為原則，近期特別推出新品「醇金滴雞精」，在月子餐中受到廣大訂餐母親們高度讚賞。滴雞精廣受好評，已納入多項餐點配置，助客戶調養身體；而為了擴大環保服務範圍，膳安國際致力於使用環保無毒陶瓷碗盛裝營養餐點，透過增加車隊配送範圍，希望讓更多客戶方便地享受到友善環境與新鮮營養的餐點。玉膳坊將持續為客戶提供高品質產品與服務，致力成為健康生活的好夥伴。
Source: YAHOO
Reported about 1 year ago
Chen Jianyu / Kaohsiung Report on June 11, 2024, at 4:10 pm, CSC reported a May revenue of NT$31.914 billion, unexpected year-on-year and monthly decreases of 2.58% and 2.41% respectively. CSC stated that the increased rainy days in May and China's intensified crackdown on tax evasion through steel exports since late April led to domestic prices rising but prevented CSC from further raising prices set in April, impacting revenue. However, with global steel market stability, CSC may maintain flat prices in July, potentially surpassing May revenue if June experiences fewer rainy days. The industry believes that maintaining prices during the recent decline in Asian hot-rolled coils indicates a chance for CSC to exceed May's shipments and revenue if market conditions remain stable.
Source: YAHOO
Reported about 1 year ago
Chimei Corporation announced on June 11, 2024, that it has been awarded the highest level 'Platinum Medal' in the 2024 EcoVadis sustainability assessment, placing it among the top 1% of global enterprises. This signifies international recognition for Chimei's exceptional performance in sustainability, marking a significant milestone. EcoVadis, a leading global sustainability assessment platform, recognized Chimei's advancements in labor rights, ethical business practices, and sustainable procurement, ranking it among the top companies globally. Chimei plans to continue pursuing sustainable goals and collaborating with partners to create a sustainable world for society and future generations.
Source: YAHOO
Reported about 1 year ago
The groundbreaking ceremony for the largest shopping center in Taiwan, the 'High-Speed Rail Entertainment Shopping City,' is set for June 30th. Located next to the Taichung High-Speed Rail Station, the project has received approval after a two-year and eight-month review process and is scheduled to begin construction officially at the end of June. Anticipated to be operational by 2027, the shopping center will cover a vast area exceeding 180,000 square meters and is expected to create over 18,000 job opportunities with an estimated annual revenue of up to 35 billion NTD, significantly boosting the local economy.
Source: YAHOO
Reported about 1 year ago
According to the World Gold Council (WGC), Singapore is expected to become a global gold trading hub as the gold market shifts eastward due to the high demand for gold in Asia, with many gold-consuming countries in the region. The proximity of Singapore to these central banks actively acquiring gold is a significant factor. With China being the world's largest gold consumer and actively increasing gold reserves, the focus of the gold market has moved eastward, making Singapore a potential hub of this new balance. Japan and South Korea also show increased gold demand, and Singapore's close proximity to major gold mining suppliers further solidifies its position as a gold trading center. The establishment of an official gold reserve center in the midst of geopolitical turmoil has become a growing concern for central bank governors, with Singapore possibly becoming a new gold storage center similar to London and New York, owing to factors like political stability and the abolishment of sales tax on investment gold in the country.
Source: YAHOO
Reported about 1 year ago
Two key invisible lens stocks, Crystal Optoelectronics (6491) and Visunex (6782), both reported record-breaking revenue in May. Crystal Optoelectronics saw a revenue of 613 million NTD, with a monthly increase of 18.73% and a year-on-year growth of 10.85%. Visunex's May revenue reached 297 million NTD, marking a monthly increase of 10.42% and a significant yearly growth of 90.16%. With strong demand for silicone hydrogel products, both companies are expected to perform better in the second quarter than the first, showcasing positive growth prospects. Crystal Optoelectronics' cumulative revenue for the first five months of this year increased by 13.30% to 2.854 billion NTD, while Visunex's revenue for the same period surged by 64.2% to 1.38 billion NTD compared to last year. Crystal Optoelectronics anticipates the launch of new silicone hydrogel products in Japan and Europe, aiming to boost revenue, while Visunex foresees continued stable growth in China's market. Crystal Optoelectronics is set to introduce silicone hydrogel daily lenses and color lenses in Japan, targeting high-value product consumers, and also plans to launch silicone hydrogel daily lenses in China by 2025. To counter competition in China, Crystal Optoelectronics adopts a robust customer diversification strategy. Visunex expects the second quarter to outperform the first, driven by new product launches and steady sales performance. The Asian market has witnessed substantial growth with the rising popularity of silicone hydrogel color contact lenses, particularly in Japan, Taiwan, and mainland China.
Source: YAHOO
Reported about 1 year ago
Both Taiwan's convenience store giants - 7-ELEVEN and FamilyMart - experienced record-high combined revenues in May, with 7-ELEVEN achieving NT$28.19 billion and FamilyMart reaching NT$8.836 billion. The increase is attributed to expansion in store numbers, high sales of summer beverages and fresh foods, and strong performance from investments in the Philippines' 7-ELEVEN and Starbucks. The upcoming warmer weather in June is expected to further boost performance. Both chains are focusing on innovative retail experiences, expanding member services, and leveraging various promotions to drive revenue growth. FamilyMart's success is credited to the sales surge of chilled beverages, with fresh food and bakery categories also posting strong growth. As the summer season approaches, their strategies include launching new products, engaging in topical marketing, and seizing opportunities during the Dragon Boat Festival and the 618 online shopping event to sustain revenue momentum.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, Taiwan Futures fell by 96 points to close at 21,798 points, with the index-futures spread at 5.88 points, electronic futures at 0.17 points, and financial futures at -2.31 points. Foreign net short positions increased by 5,244 contracts to 15,850 contracts in the Taiwan Futures market, contributing to a negative market sentiment despite TSMC's minor positive impact. The focus is on upcoming US CPI inflation data and potential market volatility on Wednesday and Thursday.
Source: YAHOO
Reported about 1 year ago
Taiwan Da announced its membership in the 'Fubon Energy Green Energy Investment Platform' and together with Hongde Energy, Fubon Life, and Fubon Media, established the holding company 'Fubon Energy,' with Taiwan Da's general manager Lin Zhi-Chen serving as chairman. Fubon Energy aims to develop approximately 380MW of photovoltaic projects and 354MW of energy storage projects within five years. They plan to become Taiwan's first financial and telecommunications service group to invest in a 'green energy investment platform'.
Source: YAHOO
Reported about 1 year ago
In the past week, 39 out of 61 Taiwan stock ETFs saw an increase in beneficiaries, with over 10,000 new beneficiaries. The top five ETFs gaining beneficiaries are those with high dividends, indicating continued popularity amidst market volatility. The total number of beneficiaries reached 8.457 million, marking a 15-week streak of new highs. High dividend ETFs have shown strong performance in terms of dividend distribution and stock price appreciation, reflecting investor interest. Market analysts suggest staying cautious of overheating corrections in the short term but remain optimistic about mid to long-term market prospects influenced by global monetary policy adjustments and technological advancements.
Source: YAHOO
Reported about 1 year ago
An increasing number of people are choosing to exchange currency online for its convenience and possible bank promotions. According to Taiwan Business Bank, the top three zodiac signs that prefer online currency exchange are Libra with 9.5%, Scorpio with 9.2%, and Virgo with 9%. Among users, 59% are female and 41% are male, with 22% of the 12 zodiac signs exchanging currency online on Mondays from 9 to 10 AM; Aries and Sagittarius comprise 37% and 35% of this time slot, respectively. Taiwan Business Bank is offering various rewards for users who exchange currency online, and during nighttime hours, they have special promotions for USD, AUD, CNY, EUR, JPY, and ZAR. Other banks such as Chang Hwa Bank recommend focusing on major currencies like USD and broadening perspectives for the latter part of the year. It is advised that those with currency exchange needs take advantage of the good exchange rate between the Japanese Yen and the New Taiwan Dollar before the end of June.
Source: YAHOO
Reported about 1 year ago
Giant System Technology (6903), a clean room system engineering company, is set to be officially listed on the Over-The-Counter (OTC) market on the 12th with a subscription price of 151 Yuan. The company's stable performance in recent years, involvement in high-tech industries, public engineering projects, and collaborations with major tech players like TSMC positioned them well for growth. With a focus on digital technology applications to enhance construction efficiency and optimization of costs, the company serves clients in various high-tech sectors and is expanding into the petrochemical industry, continuing their diversified industrial layout strategy.
Source: YAHOO
Reported about 1 year ago
Goldman Sachs recently pointed out that the recent pullback in Chinese concept stocks from the end of April to mid-May was a healthy adjustment. The focus now shifts to the upcoming third plenary session of the twentieth CPC Central Committee and the Central Political Bureau meeting in July. If strong policies are continued, along with improved corporate earnings and valuation adjustments, Chinese concept stocks are expected to rise again, with a preference for mainland stocks over Hong Kong stocks. Despite post-Dragon Boat Festival declines in the Shanghai, Shenzhen, and Hang Seng indices on June 11, recent reports from various institutions, including Goldman Sachs, remain positive on Chinese stocks, expecting further revaluation and upside potential.
Source: YAHOO
Reported about 1 year ago
Following the end of the Dragon Boat Festival holiday on June 11, 2024, profit-taking pressure emerged in the Taiwan stock market, particularly affecting tech stocks. While the introduction of new AI products at Apple's WWDC lacked innovation, leading to disappointing market expectations, tech stocks saw a downturn. Analysts suggest that the current bullish trend has factored in this year's earnings, indicating a potential correction at higher levels. The third quarter is expected to bring increased volatility, with favorable prospects for eventual upward movement in the long term, particularly for tech and semiconductor ETFs. Among five semiconductor ETFs, only Yuanta Semiconductor Yield (00927) bucked the trend by rising; other ETFs experienced declines. Notably, ETFs such as Yuanta Taiwan Semiconductor 30 (00904) and Yuanta Semiconductor Yield (00927) have risen by over 18% this year, showing strong performance in the semiconductor sector. Managers of these ETFs foresee continued market momentum, especially focusing on AI, NVIDIA-led technological advancements, and the performance of TSMC and the AI supply chain. Analysts note that Apple's adoption of AI features, particularly using NVIDIA-produced AI chips, showcases NVIDIA's technological leadership, akin to TSMC's advanced manufacturing technology, creating dominant positions in the AI market. This trend indicates a positive outlook for the semiconductor industry, with Taiwan's comprehensive semiconductor industry chain playing a crucial role globally. As AI applications expand, semiconductor companies in Taiwan stand to benefit, with various analyses pointing to favorable prospects as AI adoption grows across industries. Anticipating increased demand for tech innovations, this trend is expected to drive growth in the tech industry. More analyses in the Commercial Times include insights on battery material supply chains and Quanta's foray into 5G private networks and smart factories, along with updates on tax reductions being extended until the end of 2024.
Source: YAHOO
Reported about 1 year ago
Pharmally, the biotech leader, reported a consolidated revenue of NT$1.688 billion in May, reaching a new high in nearly 15 months with a 2.77% monthly increase and a 55.76% annual growth. This highlights the renewed growth trajectory of operations after merging with the century-old USL pharmaceutical company, with expectations of continued record-breaking performance this year. The Chairman of Pharmally, Sheng Baoxi, indicated investments in professional technical talents, with a focus on talent development projects in Minnesota, USA. The company is actively strengthening its foothold in the American pharmaceutical market, aiming to enhance local workforce development and become a powerhouse in global pharmaceutical manufacturing and sales.
Source: YAHOO
Reported about 1 year ago
Smart Crown Technology announced a revenue of 535 million yuan in May, slightly down by 3% from the previous month due to game version updates and a slowdown in advertising placement. However, compared to the same period last year, there was a 6% growth. Their operating subsidiary is experiencing growth in cash flow business due to holidays like Mother's Day. With a cumulative revenue of 2.804 billion yuan in the first five months, a 5% annual increase, the company maintains steady growth. In June, Smart Crown plans to release various games with themes like Dragon Boat Festival and summer. Subsidiaries will also introduce new content and updates to existing games, anticipating increased momentum in online gaming transactions due to upcoming shopping festivals.
Source: YAHOO