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Booming Housing Market Drives Continued Revenue Growth for Zhenyu Hardware

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

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Memory Manufacturers Successful in Receiving Orders at COMPUTEX

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

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振樺電:AI營收占比有望達3成

Reported about 1 year ago

振樺電(8114)董事長鄭傑文指出,公司預計到2024年AI營收將佔整體營收的3成,並預期毛利率將維持4成以上高水準。公司將轉型為軟體定義智能設備商,提供軟硬體整合的解決方案,並繼續成長其AI相關業務。其5月營收達10.53億元,年增率達20.4%,創近20月新高,預計今、明兩年獲利皆將有雙位數增幅。

Source: YAHOO

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Summer Vacation Season Peaks, Game Companies Launch New Products

Reported about 1 year ago

In preparation for the peak summer vacation season, on June 11, 2024, gaming company Gamedot held a product launch event with South Korean gaming giant Nexon, set to release 'Polaris Chronicles' in Taiwan, Hong Kong, and Macau on June 13. Other companies such as Legendary, NetDragon, Gamania, UDN, Play Yuan, Horus Entertainment, and more are also introducing new game products, all competing for the summer season market. The game features four professions, three combat modes, and is available on both PC and mobile platforms. This collaboration capitalizes on a 20-year partnership between Gamedot and Nexon, instilling confidence in this new release.

Source: YAHOO

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FSC Confirms First Virtual Asset Law by Year End

Reported about 1 year ago

The Financial Supervisory Commission (FSC) of Taiwan has announced that the country's first virtual asset management law will be established by the end of this year. The FSC revealed key supervisory points of the law including licensing conditions, consumer protection, capital requirements, asset custody, market transaction regulations, and business development. The FSC aims to promote the healthy development of financial technology and Virtual Asset Service Providers (VASP) industry, acknowledging the potential of virtual assets for Taiwan's international competitiveness. The FSC's proactive measures to regulate VASPs come in response to global concerns about money laundering, fraud, and investment issues, aligning Taiwan with international standards and recommendations.

Source: YAHOO

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Insurance Bureau: Strictly Prohibiting Non-Claims Bonuses, Copy Claims to Become History

Reported about 1 year ago

The system of copy claims for medical insurance with actual cost reimbursement will soon become history as it returns to the principle of damage compensation, with insurance policies capped at actual medical expenses incurred. In an effort to prevent insurers from encouraging clients to seek higher claims with multiple companies, the Insurance Bureau Deputy Director emphasized the importance of providing service and strictly banned the offering of non-claims bonuses. Following a comprehensive survey by the Financial Supervisory Commission, insurers are expected to implement the new policy by September 1 or October 1, with penalties for non-compliance. Major insurers like Taiwan Life, Sun Life, and E.Sun have already ceased selling certain policies, attributing the changes to various factors including risk management and market conditions.

Source: YAHOO

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Kaeda Group's May Revenue Hits New High for the Year

Reported about 1 year ago

Kaeda Precision, a leading domestic provider of critical and valuable materials protection, transmission, and storage solutions, recently announced a revenue of approximately 562 million New Taiwan Dollars for May 2024, marking a new monthly high for the year with a 62% year-on-year growth. The group has accumulated revenue of about 2.51 billion NTD this year, a 20% increase from the same period last year. With Kaeda's strong shipping momentum in Q2, stable shipments of photomasks, and explosive growth in wafer carriers for mature and advanced processes, the group is expected to have a high-performing operational year. As Kaeda expands its global footprint, focusing on factory expansions to increase production capacity, the company's market share potential is considerable. With increased orders from the Greater China region, Kaeda aims to enhance capacity and yield. Furthermore, its subsidiary in the US is serving semiconductor giants, emphasizing timely deliveries and efficient services to expand the American market along with other alliance partners in the semiconductor supply chain. Kaeda is also eyeing Japan's investment opportunities in the semiconductor sector, with plans to establish a significant overseas backup production base at its Japanese facility by 2026. As highlighted by the Computex 2024 event last week, the importance of computing power in the AI era was emphasized, positioning Taiwan as a vital hub for global AI supply chain development with its comprehensive ecosystem and talent resources, attracting worldwide clients seeking ideal partnerships. With Taiwan maintaining high operational efficiency and low costs, Kaeda's future developments and expansion centers will remain domestically robust, with photomask carriers showing stable growth, wafer carriers gaining market share, and the unstoppable trends in advanced packaging and aerospace industry support ensuring the group's unstoppable operational success.

Source: YAHOO

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Acer's GenAI Trend: Still in Infancy, Says Jason Chen

Reported about 1 year ago

Acer's May revenue continued to grow year-on-year by 16-18%, reaching 21.13 billion NT dollars, with accumulated revenue for the first five months of the year showing a 15.9% year-on-year growth, totaling 97.808 billion NT dollars. Acer's non-PC and display-related business accounted for 26.5% of its revenue in May and 29% in the first five months. Under the GenAI-led AI trend, Acer's subsidiary, Altos Computing, specializing in AI servers and workstations, recorded a 256.4% year-on-year revenue growth in May and a 111.4% growth for the first five months of the year. Acer's CEO, Jason Chen, sees the AI PC development as still in its infancy, awaiting software and hardware upgrades, new business models, and AI applications to drive growth. He believes that Taiwan will continue to play an irreplaceable role in the global supply chain, especially in semiconductors and ICT. The PC market is expected to see positive momentum in the second half of the year, with the release of more AI laptops stimulating demand for high-performance laptops, leading to a projected 3.6% increase in global laptop shipments to 173.45 million units.

Source: YAHOO

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Red Sea Crisis Expected to Ease, Global Container Shipping Stocks Plunge

Reported about 1 year ago

The UN passed an agreement on the US-backed Hamas-Israel ceasefire plan, impacting the maritime industry first, with concerns in the market about potential challenges such as oversupply of container space and rapid price drops once the crisis eases. Shipping stocks in Asia, Europe, and futures markets faced heavy selling pressure following news of the agreement. If the Red Sea crisis eases, the container shipping industry may face an oversupply of container space. Industry experts projected two scenarios with potential adjustments in shipping schedules and capacity, affecting freight rates. Consequently, major container shipping companies' stocks plummeted, including Taiwan's Yang Ming Marine Transport, Evergreen Marine, and Wan Hai Lines, as well as global players like Maersk, Hapag-Lloyd, and HMM. The situation has also caused a market correction with potential freight rate adjustments and implications for the global economy.

Source: YAHOO

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Global Funds Top Three Performers Achieve Nearly 40% Returns in the First Five Months, Riding on the Nvidia Express

Reported about 1 year ago

The global stock market continues to focus on AI this year, with Nvidia founder Huang Renxun revealing an AI roadmap that has sparked a concept storm globally. The top three performing funds out of over a thousand domestic and foreign funds as of the end of May achieved returns of nearly 40%, with tech stock funds performing the best at 44.23%. The strategies of these top three funds all involved the concept of Nvidia, showcasing the impact of Nvidia's surge and AI-related stocks in the market.

Source: YAHOO

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Electronics Components Industry Ends Negative Growth Against the Odds

Reported about 1 year ago

The Ministry of Economic Affairs announced that in the first quarter of 2024, the revenue of the manufacturing industry was NT$7.2198 trillion, a 10.2% quarterly decrease and a 3% yearly decrease. The decline was mainly due to the release of control measures in Mainland China last year, which resulted in a higher comparative base period, coupled with weak sales of consumer electronic products. Despite this, the electronics components industry saw a turnaround in revenue after four consecutive quarters of negative growth, achieving a 6.8% year-on-year increase, partly offsetting the decline. The report also highlighted the impacts of AI, high-speed computing, and cloud data services, as well as the conservative investment momentum among businesses due to factors such as high interest rates and inflation suppressing global economic growth.

Source: YAHOO

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Jia Bei Introduces All-Zhi Clean AI Intelligent Floor Scrubbing Robots

Reported about 1 year ago

In response to the post-epidemic era's shortage of human resources, Jia Bei Co., Ltd.'s General Manager, Lin Yunxian, foresaw market demand and was the first to introduce SPARKOZ's AI intelligent floor scrubbing robots TN70 and TN10, officially named as the All-Zhi Clean AI Intelligent Floor Scrubbing Robots. This AI cleaning technology revolutionizes traditional cleaning equipment, providing Taiwan's market with efficient and reliable cleaning devices. Jia Bei has been officially appointed as SPARKOZ's Taiwan distributor this year, marking a significant leap in the cleaning technology industry. The TN70 and TN10 robots have garnered industry attention, with the TN70 integrating panoramic cameras, optical radar, and other multi-sensor technologies for exceptional efficiency and precision in cleaning tasks, while the compact TN10 excels in cleaning small spaces. Both robots feature data management capabilities, automatically synchronizing cleaning reports to mobile apps and cloud management systems, enhancing cleaning transparency and management convenience.

Source: YAHOO

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Taichung Department Stores Target One Trillion Scale

Reported about 1 year ago

The market for department stores in Taichung is booming with an expected challenge to reach the one trillion NTD mark this year, attracting both local and foreign investors such as the Mitsui Group and Chinatrust Financial Holdings. With developments like the lalaPort Shopping Center by the Mitsui Group and Han Shen Intercontinental Shopping Center by Chinatrust in progress, competition in the Taichung department store market is intensifying as major shopping complexes are set to open in the near future.

Source: YAHOO

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Today's Stock Market Notes

Reported about 1 year ago

Securities News Center, June 11, 2024, 4:10 PM: Shareholder meetings for companies like TPK Holding, RuHsing, GIGABYTE, Inventec, Sunplus, DINGTIAN, Yongxin Construction, and more. Ex-dividend and ex-rights dates for companies like Zhen Ding Technology, DFI, Amkor Technology, and more. Investor conferences including GETRONICS, Sinbon Electronics, JD Medical, Zero One Tech, Taiwan Fertilizer, Formosa Chemicals, and many others. Recommended stocks: UMC, Euporean, Yangming Marine, Gre Tai Securities Market, AmTRAN, Realtek, AAEON-KY, Coretronic, and more. Commercial Times reporting on Dachin handily increasing investments, BAOJIU establishing new factories in mainland, and TA YIH Construction seeing earnings per share of 13.47 yuan in November. Taiwan's PCB output expected to exceed 800 billion

Source: YAHOO

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Telecom Giants Achieve Strong Revenue and Profit Growth in May

Reported about 1 year ago

Three major telecom companies in Taiwan reported robust revenue and profit figures for the month of May. Chunghwa Telecom reached a six-year high in monthly revenue at 18.08 billion NTD, Taiwan Mobile benefited from ahead-of-schedule integration progress, driving telecom operating profits over 1 billion NTD with a 16% year-on-year growth, and Far EasTone demonstrated synergies from mergers with a 17.4% year-on-year increase in net profit, marking a new high since September 2016. The article highlights the positive impacts of core business revenue growth, increasing 5G users, and successful integration efforts on their financial performance.

Source: YAHOO

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Policy Support Boosts Stock Market in Mainland China

Reported about 1 year ago

On June 11, 2024, following a Central Political Bureau meeting in China that revealed positive messages, ensuring economic recovery continuity, particularly in real estate, with a plan to actively reduce inventory, and the upcoming Third Plenum in July expected to strengthen market reforms. With policy support, investors anticipate a bullish stock market in Mainland China. Fund managers suggest investing in sectors benefiting from policies like cyclicals, high dividends, and technology innovation such as AI and robotics. Utility stocks are favored for long-term investment, along with industries like environmental protection, beauty care, and food and beverage. Through stable fiscal measures, China aims to address issues like deflation concerns, tepid consumption, a weak real estate market, and excessive debt, attracting global capital back. The upcoming Third Plenum is seen as a crucial meeting to further deepen reforms. Amid improved economic growth in China, global market funds may flow back into the A-share market, boosting recovery themes in domestic demand-related sectors. A shares with growth potential and attractive valuations in industries like materials, communication services, and home appliances are expected to benefit from positive sentiment, and some key A-share assets could be current focus for investors.

Source: YAHOO

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CPO光學元件搶手,奇景光電為上詮私募案得勝

Reported about 1 year ago

光被動元件大廠上詮與IC設計廠奇景光電達成私募協議,奇景將以5.22億元認購上詮500萬股普通股,持有5.3%股權,兩公司將合作開發光學元件與封裝製程,為高速傳輸、AI應用提供解決方案。技術融合將推動高效運算、光通訊等領域發展。

Source: YAHOO

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TQF Association and Carrefour Join Forces to Safeguard Food Safety for the Public

Reported about 1 year ago

TQF Association and Carrefour launched the 'Consumer Response to World Food Safety Day' event to raise awareness about food safety responsibilities. The event, held at a Carrefour store in Taipei on June 7, featured a collaboration involving various TQF-certified brands and aimed to highlight the importance of food safety. TQF Association's chairman emphasized the need for quality and safe food through their certification programs, urging consumers to choose TQF-certified products to ensure food safety responsibility at every level of the supply chain.

Source: YAHOO

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Chang Gung Intelligent Bone Age Diagnostic System Receives FDA Approval

Reported about 1 year ago

Chang Gung Intelligent announced on June 11, 2024, that its product, the 'Bone Age Diagnostic System,' has received FDA medical device approval, making it the 35th medical device approval for the company globally, including 11 from the FDA, 14 from TFDA in Taiwan, four from Thailand, four from Vietnam, one from Singapore, and one from Malaysia. The system eliminates the need for traditional clinical physicians to search for charts and can quickly provide bone age analysis results and recommendations. Chang Gung has achieved record-high revenue exceeding the previous year, with a 433% year-on-year increase in the first five months. They are optimistic about the possibility of turning a profit for the full year. The company is also collaborating with Singapore-based kidney disease medical company AWAK to develop an AI model for kidney disease progression prediction, currently undergoing testing and clinical preparation at Mayo Clinic. This collaboration aims to enhance the accuracy and reliability of the AI model with solid clinical data support.

Source: YAHOO

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Popular Stock - TaiGen Life Sciences Receives Strong Revenue Growth with Institutional Support

Reported about 1 year ago

TaiGen Life Sciences (6589) benefited from increasing CDMO orders, with shipments strengthening and May revenue reaching 120 million yuan, a 129% year-on-year increase. On June 11, foreign investors bought 657 shares, driving the stock price to hit the daily limit early at 86.3 yuan, marking a new high in two months with a high trading volume of 4,198 shares. The market expects further positive momentum and future growth potential. TaiGen Life Sciences is developing Herceptin biosimilar drug EG12014 for breast cancer treatment, with an impending US FDA approval expected in the second half of the year. The company also has opportunities for licensing out its second-generation drug EG1206A before the end of the year.

Source: YAHOO

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Continued Issuance of 30-year Special National Bonds in China Cools Down Buying Interest

Reported about 1 year ago

Since the fifth issuance of the longest-term special national bonds in history in May, public interest in investing in national bonds has surged in China. However, the continued issuance of the 30-year special national bonds on June 11 saw a decrease in buying interest as the price was higher than the initial issuance. China plans to issue a total of 1 trillion yuan in long-term special national bonds this year, in 20-year, 30-year, and 50-year terms, with 22 separate issuances expected before the end of the year, creating a buying frenzy since its introduction. The first issuance and second issuance of the special national bonds in May were quickly sold out within minutes, but the market was relatively calm during the continued issuance on June 11. The continued issuance price of the 30-year special national bonds was higher than the initial issuance, leading to a decrease in public interest, with the bonds starting trading on June 19.

Source: YAHOO

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Hot Stock - QCT Surges to Historical High on Limit Up

Reported about 1 year ago

QCT (5274) led by Zhang Jia-rui soared to a historical high of 4,715 yuan on June 11th, 2024, benefiting from urgent orders for general-purpose servers from North American cloud operators and increased demand in Mainland China. Its combined revenue in May reached 435 million yuan, a monthly increase of 4.7% and a year-on-year increase of 92.9%, surpassing analysts' expectations. With a promising revenue growth rate expected to reach 20% this quarter, QCT's stock price closed limit up with neatly arranged moving averages and a daily trading volume of 3,565 shares, attracting investments from institutional investors and foreign funds. Analysts revealed that QCT has entered the AI server market and is poised to benefit from the launch of Nvidia's GB200 in the third quarter. Additionally, the AST2700 remote server management chip is expected to replace the existing FPGA solution, challenging its exceptional performance in 2022.

Source: YAHOO

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June New Listings: Five Companies Rallying

Reported about 1 year ago

In what seems to be a booming trend, five companies are set to go public in June, with Qingxin (6951) debuting on the innovation board while the other four will list on the general board. Cloud Leopard Energy-Chuang (6869) stands out as the first to transition from the innovation board to the general board, attracting significant attention. EYOME-KY (6890) leads the June listing wave, pricing their shares at 85 yuan each on the 12th. So far this year, a total of 16 local and foreign companies have debuted in Taiwan, with various offerings ranging from leisure shoes to medical waste management. With 21 expected listings by the end of the first half of the year, a record for recent years is anticipated.

Source: YAHOO

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Real Estate Credit Strictly Controlled by FSC in Three Ways

Reported about 1 year ago

The Financial Supervisory Commission (FSC) has been implementing three major measures to regulate banks in handling real estate credit business. With the anticipation of new interdepartmental measures to prevent speculation in the housing market, the FSC has emphasized the importance of controlling real estate credit, which accounts for over 35% of total loans in domestic banks. These measures include enforcing KYC principle, credit assessment, and post-loan management, conducting inspections on banks' compliance with regulations regarding real estate credit, and issuing orders to increase risk weights for certain types of loans, in addition to monitoring the quality of real estate credit assets.

Source: YAHOO

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Major Financial Institutions Give TSMC Strong Backing

Reported about 1 year ago

Major financial institutions, including Citigroup Global, HSBC, UBS, Morgan Stanley, Haitong Securities, and under financial holding companies, have raised their target prices for TSMC to over NT$1,000, with Citigroup Global setting the highest target price at NT$1,030. TSMC's stock price closed at NT$883, inching towards the NT$900 mark. TSMC's advanced process technology is greatly anticipated for future growth, with projections indicating a revenue increase of 26% in 2024, and an emphasis on AI applications driving potential revenue growth to 14% in 2025. Collaborations in AI-related fields are also expected to boost market share and revenue in the coming years.

Source: YAHOO

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