Reported about 1 year ago
With strong demand for electricity and urban renewal, heavy electric and cable companies like CTCI (1513) and Tatung (2371) are attracting positive attention from investors. CTCI's May consolidated revenue reached 2.059 billion NTD, a year-on-year increase of 11%, with expectations of sustained growth due to high-margin GIS products and urban renewal projects contributing to the second quarter. Tatung's May consolidated revenue of 4.006 billion NTD saw a slight monthly increase amid decreased annual revenue, with a focus on growth in heavy electric and new energy businesses for stable development.
Source: YAHOO
Reported about 1 year ago
Taiwanese leading projector manufacturer ROLY showcased its latest 4K projection products and their diverse applications, impressing at the recently concluded COMPUTEX computer expo. In the face of a sluggish projector market, ROLY highlighted the multiple applications of projectors, reintroducing the market to the value and potential of projection technology. ROLY's advanced technology can create unique atmospheres indoors and offers high brightness, excellent color performance, and affordable prices, becoming an ideal solution for businesses.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, the Chinese Ministry of Commerce, the National Development and Reform Commission, the People's Bank of China, and six other departments released the 'Opinions on Expanding Cross-border E-commerce Exports to Promote Overseas Warehouse Construction,' implementing 15 policies across five major areas to foster cross-border e-commerce entities, increase financial support, optimize foreign trade structure, and stabilize scale, aiming to create new advantages for international economic cooperation. With the implementation of policies and new technologies, cross-border e-commerce has emerged as a new driver of foreign trade growth, utilizing technology, adapting to new trends, and cultivating new dynamics, synergizing with new types of foreign trade infrastructure like overseas warehouses to reduce intermediaries, reach consumers directly, leading to improved foreign trade structure, scale, and international economic cooperation capabilities. This has become a dynamic force for China's foreign trade development and a significant trend in global trade.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, Morgan Stanley chip analyst Joseph Moore downgraded AMD's investment rating from 'overweight' to 'equal-weight,' expressing concerns about overly optimistic expectations for AMD's AI business while maintaining the target price at $176. Moore advised investors to switch to NVIDIA and Intel instead. AMD's stock price fell by 4.5% to $160.34, about 9.8% lower than the target price. Meanwhile, Morgan Stanley upgraded Intel and gave a target price of $1,658, indicating that the latest Blackwell development by NVIDIA has not been fully reflected in the stock price, suggesting a potential increase when Blackwell production begins.
Source: YAHOO
Reported about 1 year ago
A recent shift in the Bitcoin market has shown a significant change as analysis reveals a large amount of Bitcoin, approximately 67.5 billion NTD, has been withdrawn from exchanges in the past month. Observations suggest a change in market leadership with institutional investors from Wall Street taking over, leading to a more stable bull market with decreased weekend trading volume. This shift is attributed to the withdrawal of significant amounts of Bitcoin, surpassing the supply and potentially pushing prices towards $83,000 in the short term. The introduction of Bitcoin spot ETF has become a focal point, with experts noting the transition of market control from 2017 to elite Wall Street investors, highlighting a structural change in the market and the potential for reduced activity in weekend trading by retail investors.
Source: YAHOO
Reported about 1 year ago
Compal Electronics (2324) reported a combined revenue of NT$77.287 billion for May, almost the same as April's NT$77.265 billion, but down by 7.2% compared to the same period last year. Accumulated revenue for the first five months this year was NT$354.123 billion, a decrease of 4.7% year-on-year. Compal projects a single-digit percentage growth in PC shipments in the second quarter, and anticipates better PC shipments in the second half with the introduction of AI PC new products. The company aims to reduce the PC revenue proportion to 60% and increase Non-PC to 40% over the next three years. Moreover, Compal has announced succession planning with former Vice Chairman, Chen Jui-tsung becoming the new Chairman and Anthony Peter Bonadero taking over as the General Manager. Chen Jui-tsung plans to actively develop AI server business through acquisitions and research and development, targeting server revenue to surpass NT$100 billion, achieve a 30% revenue share in AI servers within 5 to 7 years, and position themselves in the top three in the market share and revenue.
Source: YAHOO
Reported about 1 year ago
As automobiles become electrified and intelligent, the demand for high-frequency and high-voltage connectors in the market is increasing annually. Taiwan's leading automotive connector manufacturer, Hu Lian (6279), has penetrated multiple Chinese domestic brand car manufacturers like Geely, Chery, and Chang'an, with the high-frequency and high-voltage product proportion expected to increase from 2.5% in 2023 to 6%. With a bullish moving average alignment and generally positive technical indicators, the stock price is likely to continue rising, potentially breaking historical highs. Favorable policies such as China's recent trade-in subsidies and new energy rural policies are expected to benefit Hu Lian, with an estimated 21% annual growth in mainland China business. Additionally, new orders from North American snowplow customers and European projects are set to contribute significantly to revenue growth, with European revenue expected to grow by over 50%.
Source: YAHOO
Reported about 1 year ago
In order to attract talent during the graduation season in June 2024, companies in the virtual asset industry have pointed out the urgent need for four major types of talent in the field of blockchain: blockchain engineers, product managers, legal professionals, and risk control personnel. With salaries reaching up to 3 million per year depending on the position, job seekers are advised to submit resumes through legitimate platforms to avoid scams. Companies like HOYA BIT and Maicoin Group are actively recruiting talent with specific skill sets and emphasizing the importance of integrity, flexibility, and adaptability in this rapidly changing industry.
Source: YAHOO
Reported about 1 year ago
Several foreign institutions have expressed positive views on the Chinese mainland stock market recently. Goldman Sachs raised its 12-month target for the MSCI China Index from 60 to 70 points and maintained its overweight rating on A-shares. HSBC China A-Share Manager Xiao Zhengyi pointed out that the MSCI China Index has risen 31% since the end of January, surpassing most global and emerging markets, driven by China's economic resilience, strong policy performance, lower valuations, and investor sentiment. With the IMF's positive outlook on China's economic growth and various supportive policies, the A-share market is expected to see a long-term valuation uplift, particularly in industries such as materials, communication services, and home appliances, offering investment opportunities for investors to explore.
Source: YAHOO
Reported about 1 year ago
With the establishment of AI data centers by three major cloud service providers in Taiwan, the Ministry of Economic Affairs predicts a growth of over 3% in electricity consumption in the coming years due to the demand for AI data and processing power. As concerns about a potential power shortage arise, the concept stocks related to resilient power grids have become a market focus, with stocks like Dong Yuan (1504), Hua Cheng (1519), and Rong Xing (1617) performing well. The Ministry of Economic Affairs also pointed out the upcoming AI application boom period from 2025 to 2028, leading to the strengthening of various related concept stocks in electric power, energy storage, electrical wiring, smart meters, and more.
Source: YAHOO
Reported about 1 year ago
In May, AU Optronics' (2409) revenue saw a monthly increase of 6.6% and a year-over-year growth of 16.2%, reaching a total of NT$ 25.34 billion, while Innolux (3481) maintained steady shipments with a consolidated revenue of approximately NT$ 18.864 billion, a decrease of 2.0% from the previous month but an annual increase of 0.8%. AUO's revenue benefitted from the acquisition of German BHTC and growth in vertical markets, showing stronger growth compared to its industry peers in April and May. Meanwhile, there was a cooling trend in TV panel demand in May, influencing panel prices as well as manufacturers' operational capacities.
Source: YAHOO
Reported about 1 year ago
The Ministry of the Interior officially stated on June 11, 2024, that if the central bank announces an interest rate hike in the future, it will recommend that it is not appropriate to further add interest subsidies to the New Youth Housing Loans to prevent further pushing up housing prices. The ministry is closely monitoring the housing market and emphasizes that the New Youth Housing Loan subsidy policy has indeed brought a new wave of buying momentum and capital movement to the market. However, to avoid non-self-occupancy purchase funds flooding into the market and driving up prices, they plan to discourage additional interest subsidies if the central bank raises rates in the future.
Source: YAHOO
Reported about 1 year ago
As the solar term Xiaoman started in May, the sales of ice drinks, fresh food, and baked goods soared, leading to significant revenue growth for food factories like Uni-President Enterprises Corp., Wei Chuan Foods Corp., President Chain Store Corporation, Lian Hwa Food Corporation, and HeySong Corporation. In particular, Uni-President recorded a consolidated revenue of 54.793 billion NT dollars in May and a total of 265.889 billion NT dollars from January to May, marking a new high for both monthly and cumulative revenues. This boost was mainly attributed to the growth in food business revenue and the outstanding performance of investment in Uni-President Super Market and Uni-President China Holdings. Uni-President has also introduced a new bakery brand, Bellopane, priced between 45 and 50 NT dollars, to seize the over 60 billion NT dollars bakery market in Taiwan and enhance its performance. With the hot weather driving the performance of the ice drinks and dairy drinks sector, Uni-President actively launched new packaging for its tea drinks to attract new customers. Similarly, HeySong's beverage sales in May achieved good results, with a monthly revenue of 810 million NT dollars, a year-on-year increase of 4.45%, and a total revenue of 4.117 billion NT dollars in the first five months, up by 2.57% annually. With the traditional peak season for liquid food sales like oat milk in summer, both President and Wei Chuan saw synchronous growth in cross-strait sales. Wei Chuan also made a significant contribution with its OEM Nestle tea drinks, boosting its May revenue by 445 million NT dollars, up by 12.13% annually; President, relying on strong cross-strait sales, achieved a May revenue of 2.314 billion NT dollars, an 8.3% increase year-on-year.
Source: YAHOO
Reported about 1 year ago
富邦人壽宣布將於2024年6月12日發行無擔保公司債250億元，分為甲券148.8億元和乙券101.2億元，利率分別為3.7％和3.85％。今年六家壽險皆已宣布發行債券，包括海內外發行總額達1,580億元，創歷史新高。國壽也宣布發行800億元債券，為其單年籌資最大量。其他壽險公司如新光、南山、三商美邦、凱基等也加入發債行列。
Source: YAHOO
Reported about 1 year ago
The 113th shareholders' meeting of the Taiwan Stock Exchange will be held on June 14th at 2:00pm at the Taipei International Convention Center's VIP Room on the 4th floor. The meeting will discuss a dividend of NT$4.6 per share, including NT$3.1 in cash dividend and NT$1.5 in stock dividend. Agenda items include the business and financial reports for the previous year, audit reports, employee compensation distribution, acknowledgment of the 112th year business report, financial statements, profit distribution plan, issuance of new shares from retained earnings, and amendments to the company's articles of association. Other business news related to PCB industry transformation, automotive electronics, and battery materials supply chain is also reported.
Source: YAHOO
Reported about 1 year ago
Taipei, June 11, 2024, 4:10 PM - Huaxing (6164), a major low-temperature lighting manufacturer, announced its self-assessed profit and loss for May, with a monthly pre-tax profit of 17.97 million yuan and a cumulative pre-tax profit of 42.61 million yuan in the first five months of this year. The earnings per share for Huaxing in the first five months surpassed the total earnings of the past two years, with record-breaking revenue of 96.4 million yuan in May. The company attributes its success to technological innovations, market expansion, and strong performance in the LED low-temperature lighting market.
Source: YAHOO
Reported about 1 year ago
中信投信表示，中信優息投資級債（00948B）已上市，並具有ESG篩選、月配息機制、收益平準金、殖利率優化等特色。該債券ETF追蹤15年以上市投資級優化收益ESG美元公司債券指數，透過優化殖利率效果提升債券殖利率至6.22％。投資人可考慮布局此ETF以應對市場變動，迎接債券的甜蜜點。
Source: YAHOO
Reported about 1 year ago
In Japan, export-oriented companies saw a decline in stock prices, particularly in the automotive sector due to falsification incidents, yet the service industry PMI remained above 50 in May, signaling strong growth. The focus on Japanese semiconductor industry as a key investment target indicates optimism for the future of Japanese stocks. Factors such as inflation potentially driving consumer spending, corporate governance reforms, and discounted valuations compared to global markets contribute to the perceived investment value in Japanese stocks. Economic indicators highlighting steady growth, especially in the non-manufacturing sector, suggest a widening recovery trend in the Japanese economy, with increasing contributions from domestic demand, tourism, and advancements in the semiconductor industry towards significant revenue growth projections.
Source: YAHOO
Reported about 1 year ago
Wu Dongjin, former chairman of Shin Kong Financial Holding and Shin Kong Life, was summoned for investigation on June 11, 2024. This development is concerning as it may affect the ongoing capital increase of NT$12.5 billion for Shin Kong Financial Holding. The investigation is related to alleged improper transactions, unclear fund usage, and construction payment issues concerning Shin Kong's New J.Perx Castle project. Market speculations suggest that Wu's situation, along with possible delays in the capital increase, could lead to increased volatility in Shin Kong Financial Holding's stock price, causing investor hesitation. This uncertainty may also result in further penalties from the Financial Supervisory Commission, exacerbating the situation for the company.
Source: YAHOO
Reported about 1 year ago
On June 11, 2024, the New Taiwan Dollar took a steep dive of close to two dimes during intraday trading, ending at 32.395 yuan, depreciating 1.45 dimes or 0.45%, marking the largest single-day decline in two months and ending a six-day winning streak with a total trading volume of 18.495 billion USD. The decline is attributed to the outflow of foreign funds and investment trusts. The market volatility following the Dragon Boat Festival holiday saw the currency depreciate due to the weakening of major Asian currencies overall, with the USD gaining strength and foreign investors pulling out of Taiwan stock markets.
Source: YAHOO
Reported about 1 year ago
With summer being a peak travel season for Taiwanese, experts advise enhancing overseas medical coverage when purchasing comprehensive travel insurance, especially when traveling to countries like the US, Canada, and the Schengen Area in Europe where medical and rescue costs can be extremely high. Insurance companies are now offering more tailored overseas travel insurance to meet the public's needs and increase the number of policyholders. Additional services such as remote medical consultations and compensation for food poisoning during travels are also being introduced to provide better protection and assistance for travelers. It is recommended to carefully review the policy coverage for emergency rescue services and consider adding emergency rescue coverage if necessary to reduce financial burdens in case of accidents.
Source: YAHOO
Reported about 1 year ago
The Taiwan stock market is thriving as the weighted index hit a new milestone of 22,000 points, with no limit in sight, and reaching a record high of 21,937 points in May. Major brokerage firms like Yuanta Securities, Grand Cathay Securities, KGI Securities, etc., saw their profits double in May compared to April, with total monthly profits increasing by over 20%. With the bullish market and increased trading volumes, brokerage firms have experienced significant profit growth, with most of the 21 major firms showing profit increases and only a few incurring losses in May. This strong market performance is expected to sustain high profits for brokerage firms in the foreseeable future.
Source: YAHOO
Reported about 1 year ago
As of June 11, 2024, Fubon General Insurance has reclaimed the top spot in profit among insurance companies under financial holding groups, accumulating a post-tax net profit of NT$2.14 billion in the first five months. Cathay Century Insurance and Taiwan Fire & Marine Insurance also demonstrated strong performances, each earning NT$1 billion and NT$758 million, respectively. Fubon General Insurance attributed its success to investment performance and underwriting operations, with a significant boost in engineering insurance premiums thanks to active participation in green energy insurance services. Despite potential challenges from recognizing earthquake losses in the coming months, the insurance industry continues to perform well.
Source: YAHOO
Reported about 1 year ago
Zhenyu Hardware recently announced a consolidated revenue of 173.61 million yuan in May, showing a 7.77% increase from the same period last year and a 10.15% growth in overall revenue from January to May. The company attributed the revenue growth to the active housing market influence by favorable home purchase policies, with a strong increase in sales of construction tools and a significant rise in sales for electric tools. Zhenyu Hardware is also expanding its operations by opening a new store in Pingtung Chaozhou at the end of June, aiming to further penetrate the southern market. Additionally, the company is focusing on developing new products and branding strategies to appeal to younger consumers and participating in charitable activities to promote public welfare.
Source: YAHOO
Reported about 1 year ago
At COMPUTEX 2024, the gathering of the most international tech giants' CEOs sparked an AI frenzy. The CEO of NAND controller manufacturer Phison, Pan Chien-cheng, revealed that they have showcased many innovative products at COMPUTEX 2024, with many already receiving orders or being shipped out. Notably, their enterprise SSD brand has been adopted by US storage clients, with about 25% of orders in May coming from enterprise SSD, expected to reach 10% in 2024. Phison's Retimer chips for server motherboards have entered the supply chains of major US and Taiwanese firms, with high profit margins. Amidst market fluctuations, Phison anticipates demand stabilizing after July and August. NVIDIA's supply chain partners Yidong and its subsidiary Antech International have introduced various AI-related products, focusing on edge AI development like machine vision for air sensing applications and customizing AI systems for clients' needs.
Source: YAHOO