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The three major institutions joined forces to buy! Taiwan stocks closed up 166 points.

28 March, 2025

The Taiwan stock market closed today (25th) up 166.55 points, an increase of 0.75%, finally returning to 22,273.19 points, with a trading volume of 249.864 billion yuan. The three major legal entities combined bought a net of 10.016 billion yuan, with foreign investment turning to a net purchase of 6.409 billion yuan, while investment trusts continued to buy a net of 3.477 billion yuan, and proprietary traders slightly sold a net of 130 million yuan. Influenced by the rise of the US stock market, TSMC performed exceptionally well, climbing 18 yuan to close at 990 yuan, serving as a major driving force for today's index increase. MediaTek and Hon Hai also saw rebounds, with TSMC and MediaTek included among the top five stocks in terms of trading volume and trading value.

The three major institutions join forces to buy! The Taiwan stock market closed up 166 points.

28 March, 2025

The Taipei stock market today (25th) rose by 166.55 points, closing at 22,273.19 points, with a trading volume of 249.864 billion yuan. The three major legal entities combined bought a net of 10.016 billion yuan. Foreign investors turned to a net purchase of 6.409 billion yuan, while investment trusts continued to buy a net of 3.477 billion yuan. Proprietary dealers, on the other hand, slightly sold a net of 130 million yuan. Influenced by the rebound in the U.S. stock market, heavyweight stocks like 台積電 (Taiwan Semiconductor Manufacturing Company) and 聯發科 (MediaTek) performed well, closing at 990 yuan and 1,525 yuan, respectively, driving the index up. Although small and medium-sized stocks opened high, they still faced selling pressure. The top five stocks by trading volume today included 富喬 (Fujiko), 華邦電 (Winbond Electronics), and 高鋒 (Gaofeng), among others.

The latest industrial production index has been released! The last two months have achieved double-digit growth.

28 March, 2025

The Ministry of Economic Affairs' Statistical Office released the latest data showing that the wholesale industry's revenue in February reached NT$1.0478 trillion, a year-on-year increase of 24.8%, mainly due to the Lunar New Year impact and an increase in working days. From January to February, the cumulative revenue reached NT$2.1408 trillion, a year-on-year increase of 8.8%, setting a record high. The wholesale industry of machinery and equipment and pharmaceuticals showed significant year-on-year growth, while the wholesale of automobiles and building materials experienced a decline. In February, the retail industry’s revenue was NT$355.6 billion, a year-on-year decrease of 3.8%, influenced by last year's peak consumption during the Lunar New Year, with notable declines in department stores and clothing retailers. The restaurant industry's revenue in February was NT$82.8 billion, a year-on-year decrease of 9.2%, but the cumulative revenue from January to February still reached a record high, driven by holiday promotions.

The latest industrial production index has been released! The first two months achieved double-digit growth.

28 March, 2025

The Ministry of Economic Affairs' Statistics Department has released the latest data, showing that the wholesale industry's revenue in February reached 1 trillion 478 billion NT dollars, a year-on-year increase of 24.8%, primarily due to an increase in working days and the impact of the Lunar New Year. The cumulative revenue for the first two months amounted to 2 trillion 1,408 billion NT dollars, setting a new historical high with a year-on-year increase of 8.8%. Breaking it down, the wholesale industries of machinery and pharmaceutical products saw significant year-on-year growth, while the retail industry's revenue in February was 355.6 billion NT dollars, a year-on-year decrease of 3.8%, due to the high base effect from the same month last year. The cumulative retail revenue for the first two months was 801.5 billion NT dollars, with a year-on-year increase of 1.1%. The catering industry's revenue in February was 82.8 billion NT dollars, a year-on-year decrease of 9.2%, but the revenue for the first two months totaled 188.5 billion NT dollars, a year-on-year increase of 4.1%. Overall, the performance of various industries was significantly influenced by the Lunar New Year.

No longer favored? The proportion of new foreign currency insurance contract income in January has risen to a seven-year low.

28 March, 2025

The Financial Supervisory Commission pointed out that in January this year, the premium income from new foreign currency insurance contracts was NT$32.343 billion, accounting for 35.96% of the total new contract premiums, marking a seven-year low. The growth rate of foreign currency insurance income was only 11%, far lower than the 54.06% for Taiwan dollar policies. Although both foreign currency investment-type and traditional policies saw growth, Taiwan dollar policies were more popular. Deputy Director Cai Huoyan stated that the proportion of foreign currency policies during the period from 2019 to 2024 was higher than this year's figures. In January of this year, the income from US dollar, Australian dollar, and Renminbi policies all increased, primarily due to market demand, economic growth, and increased consumer confidence.

Foreign currency policy new contract income drops to a seven-year low, poor performance in January?

28 March, 2025

The attractiveness of foreign currency policies has declined. The Financial Supervisory Commission pointed out that in January this year, the new premium income from foreign currency policies was NT$32.343 billion, accounting for only 35.96%, setting a seven-year low, with a growth rate of only 11%, which is lower than the 54.06% of Taiwan dollar policies. Although the income from both foreign currency investment-type and traditional policies has increased compared to the same period last year, the overall market preference for Taiwan dollar policies remains strong. The Deputy Director-General of the Insurance Bureau stated that data from 2019 to 2024 shows that the proportion of foreign currency policies has continued to fluctuate, with the ratio dropping to a near seven-year low in January of this year. There has been varying degrees of growth in USD, AUD, and RMB policies, which are mainly related to the recovery of the stock market and confidence in economic performance.

Whiskey and sorghum have become popular in South Korea, with tourists flocking to the Western-style hotels in the Yongkang business district of Taipei.

28 March, 2025

Korean tourists are now listing Taiwanese liquor as a must-buy item, especially whiskey and sorghum, which are favored for their low prices. At a liquor store in the Yongkang business district of Taipei, customers are always lining up, and the store often cannot meet the high demand. Korean travelers say that the local alcohol tax is high, making Taiwanese alcoholic beverages their top shopping target. In addition, Taiwan's whiskey has won numerous international awards, further attracting recommendations from Korean influencers and causing its popularity to soar in Korea, making it a popular choice for souvenirs.

Taiwanese whiskey and sorghum liquor are all the rage in South Korea, and tourists are eager to pilgrimage to the liquor specialty stores in the Yongkang business district of Taipei.

28 March, 2025

With the rising popularity of tourism in Taiwan, international tourists are no longer just buying pineapple cakes and Taiwanese tea; now, Taiwanese liquor has also become a hot-selling item. Especially in the liquor stores of the Yongkang shopping district in Taipei, South Korean tourists are lining up every day to purchase, particularly whiskey and sorghum liquor. Due to the affordable prices of Taiwanese alcohol and its quality being recognized with international awards, many South Koreans are drawn to buy it. High taxes in South Korea make them more willing to purchase liquor in Taiwan, considering it as one of the must-buy souvenirs.

National Taiwan Normal University collaborates with Hida to promote AI carbon management internship opportunities.

28 March, 2025

Taiwan Normal University and Singapore's carbon management company Xida Digital signed a collaboration agreement aimed at establishing a talent cultivation base for carbon management in the Asia-Pacific region. The collaboration includes courses, corporate case sharing, and the introduction of Xida's AI carbon management platform. Xida offers summer internship opportunities with a monthly salary of NT$45,000, and outstanding interns are expected to be considered for early employment. Vice President of Taiwan Normal University, Chen Kunming, emphasized the importance of green talent, while Xida's CEO, Jin Haitao, hopes that students can participate in the green transformation challenge to address global carbon reduction pressures.

Taipei Normal University collaborates with Hida to promote industry-academia cooperation and introduce AI carbon management internship opportunities.

28 March, 2025

National Taiwan Normal University and Singapore carbon management company Heida Digital signed a cooperation agreement for industry-academia collaboration, aiming to integrate academic resources and digital technology to cultivate carbon management talents in the Asia-Pacific region. A press conference was held on the 25th, where the curriculum will introduce industry mentors to share corporate case studies and Heida's AI carbon management platform. Heida provides a summer internship opportunity with a monthly stipend of 45,000 TWD, and outstanding performers may receive a pre-employment offer. Vice President Chen Kunming emphasized the importance of green talent in addressing climate change and energy demands, hoping to connect students with international net-zero trends through these internships. Heida Digital CEO Jin Haitao called on students to participate in the green transformation challenge and pointed out the urgent demand in the market for talents who understand regulations and technology.

[Dongyuan Earnings Call] Electromechanical revenue decreased by 10% year-on-year, three major business segments performed poorly! The chairman is confident, expecting a recovery in Q1.

28 March, 2025

Tongyuan Electric (1504) held a press conference today, where Chairman Li Mingxian stated that last year the revenue of the core electromechanical business group decreased by 10%, but he is optimistic about escaping the recession in the first half of this year. Among the company's three major business groups, only the smart lifestyle business grew slightly by 0.4%, while the electromechanical system experienced the greatest decline. The decrease in revenue from energy storage projects resulted in a 7.6% decline in the smart energy business. Tongyuan analyzed the market conditions in the United States, Taiwan, and China, and expects that as North American demand recovers, it will be beneficial for future performance. Although Taiwan's domestic demand and exports face challenges, the AI and electric machinery industries still hold potential.

【TONG YUAN Financial Report】Machinery and Electrical Revenue Declined by 10%, Three Major Businesses Most Affected! The Chairman is Confident About a Bounce Back in the First Quarter.

28 March, 2025

Dongyuan (1504) held an investor conference today, with Chairman Li Mingxian stating that although the core electromechanical business group declined by 10% last year, he is confident about overcoming the recession in the first half of this year. Among the three major business groups last year, only Smart Living experienced a growth of 0.4%, while the electromechanical systems saw the largest decline, affected by demand in the North American and European markets. Despite this, Li Mingxian expects that the recovery in the North American market will help boost business. Additionally, a decrease in revenue from energy storage projects led to a 7.6% decline in smart energy. In Taiwan, although the economic signals have decreased, the manufacturing PMI continued to rise in February thanks to the AI boom, indicating an optimistic outlook for the future. The U.S. market still faces challenges such as tariff uncertainties and insufficient consumer confidence, while the Chinese market needs to be aware of the lack of consumer spending power. However, AI and related technologies present new business opportunities.

In the past two months, retail food and beverage sales reached a record high for the same period, and the Ministry of Economic Affairs predicts positive growth in the first quarter.

28 March, 2025

The Ministry of Economic Affairs released the domestic consumption statistics for the first two months of this year, showing that the retail and restaurant industries reached a record high for the same period. However, due to the gas explosion incident at Shin Kong Mitsukoshi in Taichung, department store sales in February dropped by 19.3% year-on-year, impacting overall domestic demand performance. The Ministry of Economic Affairs expects that with the opening of Nangang Department Store and factors such as White Day, there will still be growth opportunities for the retail and restaurant industries in the first quarter. Although the comparison base is high and the number of people traveling abroad has reached a new high, putting pressure on domestic consumption, the restaurant industry has shown growth potential boosted by holiday promotions. Looking ahead to March, it is anticipated that sales will remain flat or see slight growth.

The retail catering sales in the past two months reached the highest level for the same period. The Ministry of Economic Affairs estimates that positive growth will be achieved in the first quarter.

28 March, 2025

The Ministry of Economic Affairs has announced the domestic consumption statistics for the first two months of this year, showing that the retail and food and beverage industries have reached new highs in revenue. However, due to the impact of the gas explosion at Shin Kong Mitsukoshi in Taichung, the revenue of department stores in February decreased by 19.3% year-on-year, leading to domestic demand performance falling below expectations. The Ministry estimates that due to the opening of Nangang Department Store and White Day, retail and food and beverage industries can still maintain growth in the first quarter. Although the revenue of the retail industry in February was NT$355.6 billion, a year-on-year decrease of 3.8%, the cumulative total for the first two months reached NT$801.5 billion, a year-on-year increase of 1.1%. In the food and beverage sector, the revenue in February was NT$82.8 billion, a year-on-year decrease of 9.2%, but the cumulative total for the first two months also reached a new high, with a year-on-year increase of 4.1%. Looking ahead to March, the Ministry of Economic Affairs predicts that the revenue of the retail and food and beverage industries is expected to grow.

The general manager of Zhonghua Motors, Chen Zhao-Wen, has retired, and Zeng Xin-Cheng will take over the new position.

28 March, 2025

The General Manager of Zhonghua Motor, Chen Zhaowen, has applied for retirement due to personal career planning, and the company has approved it. Vice General Manager Zeng Xincheng will take over, and this personnel change will take effect on April 1. Chen Zhaowen has served as General Manager since 2015, possessing rich management experience in various fields including business, manufacturing, and research and development. Zeng Xincheng has worked at Zhonghua Motor for over thirty years, with profound industry knowledge. He has led multiple brand and product strategies and has driven the company's internal transformation and the development of new energy vehicle models. Zhonghua Motor will continue to rely on Zeng Xincheng's expertise to enhance its independent research and development and market competitiveness.

General Manager of Zhonghua Motors, Chen Zhaowen, retires, and Zeng Xincheng takes over the new position.

28 March, 2025

The general manager of China Motor Corporation, Chen Zhaowen, has applied for retirement due to personal career planning, which has been approved by the board of directors. Vice General Manager Zeng Xincheng will take over on April 1. Chen Zhaowen has worked at China Motor Corporation for 10 years and has rich management experience, having participated in the establishment and operations of Southeast Motors. Zeng Xincheng has over 30 years of experience in the industry, is familiar with market trends, has led multiple brand strategies, and has promoted internal transformation and the introduction of new energy vehicle models. China Motor Corporation will continue to rely on his expertise to develop independent research and development, enhance products and services, and create value for shareholders and employees.

The exemption from vehicle license tax for electric vehicles will expire at the end of the year, with the number of exempt vehicles increasing by 64%.

28 March, 2025

The Ministry of Finance announced the collection situation of license tax for the year 114, with a total of 8,415,886 vehicles taxed, amounting to NT$66.58519 billion. Among the six metropolitan areas, Taichung City has the highest number of vehicles and tax amount, while Taoyuan has the fastest growth rate. Regarding electric vehicles, as of the end of February this year, there are 97,619 vehicles exempt from license tax, with an exemption amount of NT$2.5032 billion, reflecting a year-on-year increase of 64.8%. Among the six metropolitan areas, Taipei City has the highest number of electric vehicles, with 22,436 vehicles. The Ministry of Finance is still considering whether to extend the tax exemption benefits.

The exemption from license plate tax for electric vehicles is extended until the end of the year, with the number of exempt vehicles increasing by 64%.

28 March, 2025

The Ministry of Finance announced the status of license tax collection for the year 114, with a total of 8,415,886 vehicles taxed, amounting to NT$66.58519 billion, showing significant year-on-year growth. Among the six municipalities, Taichung City had the highest license tax collection, reaching 1,162,816 vehicles, with a tax amount of approximately NT$9.49927 billion. In terms of electric vehicles, as of the end of February, 97,619 electric vehicles have been exempted from license tax, with the exemption amount reaching NT$2.5 billion, reflecting a year-on-year growth of 64.8%. Taipei City has the highest number of electric vehicles, with 22,436 vehicles. Relevant officials stated that whether the tax exemption for electric vehicles will be extended is still under consideration.

Tesla stock rebounds? The female stock guru predicts a target price of 2600 USD | #Mirror News

28 March, 2025

Tesla's stock price has recently rebounded, rising for four consecutive trading days, with a significant jump of nearly 12% on Monday. This surge is influenced by a large number of retail investors buying in and a change in Trump's tariff policy stance. Cathie Wood, the founder of Ark Invest and known as the "female stock market guru," predicts that Tesla's stock could rise to $2,600 per share within five years.

Wan Hai's Investor Conference: US Shipping Freight Rates Increased by 20% to 30% Year-on-Year

28 March, 2025

Wan Hai emphasized in today's investor conference that although U.S. President Trump’s plan to revitalize the American shipbuilding industry has raised concerns about potential high tariffs on Chinese vessels, the company does not utilize ships built in China on its West Coast and East Coast routes, thus the impact is limited. Furthermore, despite a decline in global freight rates, during long-term contract negotiations on U.S. routes, customers are willing to accept prices that are 20% to 30% higher than last year, indicating that there is still confidence in transportation demand in the market. Wan Hai plans to introduce three new ships in 2025 and gradually retire older vessels, which will increase capacity by more than 310,000 TEUs over the next five years. Today's stock price fell slightly by 0.47%, closing at 84.2 yuan.

Wan Hai's Earnings Call: U.S. Route Freight Rates Increase by 20% to 30% Year-on-Year

28 March, 2025

Wan Hai said at today's conference that regarding the revitalization policy for the domestic shipbuilding industry proposed by U.S. President Trump, there are concerns in the market that ships built in China may face high tariffs. However, Wan Hai emphasized that its West Coast and East Coast routes do not utilize Chinese ships, so the impact is limited. Despite a slight decline in global freight rates, during negotiations on U.S. routes, customers are willing to accept prices that are 20% to 30% higher than last year, indicating confidence in transportation demand in the market. The company plans to add three new ships of 13,000 TEU before 2025, gradually phasing out older vessels and high-rent chartered ships. Over the next five years, they will receive 30 new ships, increasing capacity by more than 310,000 TEU, demonstrating confidence in the mid to long-term market. Today's stock price dropped 0.47%, closing at 84.2 yuan.

US clients compete for orders, 商億-KY signs memorandum of cooperation with a Cambodian company.

28 March, 2025

商億-KY today announced the signing of a memorandum of understanding with Cambodian outdoor furniture company Homeyard Casual, planning to leverage Cambodia's cost advantages to meet the demand of the U.S. market. The subsidiary of 商億 will hold 51% of the company’s shares and will further expand its product line to provide one-stop shopping services. It is expected that by 2025, with increased utilization rates and rising demand from U.S. customers, revenue and profits will likely improve, as well as enter the European market.

The opposition party has frozen the housing subsidy budget until it runs out in October, and the public is looking forward to a thawing measure.

28 March, 2025

The rent subsidy may run out in October, affecting many renters' lives. A mother who receives a subsidy of 5,600 yuan per month stated that if the assistance stops, she may need to find a new place to live. The Minister of the Interior and lawmakers have also pointed out that the subsidy budget has been frozen and must be unblocked as soon as possible to alleviate the burden on renters. The 崔媽媽 Foundation calls for collaboration across political parties to work together to solve this issue.

The opposition party has frozen the housing subsidy budget, and the public anticipates its resumption in October after it runs out.

28 March, 2025

The rental subsidy budget, which is of utmost concern to renters, is expected to run out as soon as October. Many renters are facing the dilemma that if the subsidy is canceled, they may need to look for a new place to live, which would impact their quality of life. Interior Minister Liu Shih-fang pointed out that the NT$20 billion subsidy budget is currently stuck in the Legislative Yuan, and if it is not unblocked, the troubles will be even greater. Executive Director of the Tsai Mama Foundation, Lyu Bing-yi, urged all parties to work together to alleviate the burden on renters and prevent making their lives even more difficult.

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