Author: Marie Jones

Maintained a Stable Operation with a Steady Increase in Revenue and Gross Profit An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. (Yincheng International Holding or the Company, together with its subsidiaries, the Group, HKG: 1902) is pleased to announce its unaudited consolidated interim results for the six months ended 30 June 2022 (the Period). During the Period, the Group’s revenue increased by approximately 20.9% YoY to approximately RMB 4.58 billion. While the gross profit increased significantly by approximately 95.9%…

Steady Development of Financial Business Significant Growth in Industrial Operation Far East Horizon Limited (HKG: 3360), a leading financial services and industrial group in China, announced its interim results for the six months ended 30 June 2022. Financial Review In the first half of 2022, the international and domestic environment was complex and volatile, with increasing risks and challenges. Although the environment was posing new challenges to China’s stable economic growth, the economy generally demonstrated a steady recovery. In reliance upon China’s real economy, the Group continued to adhere to the operational philosophy of “finance + industry”, and achieved stable…

Spectacular fashion showcase by Calvin Thoo and local designers at Batik, Tenun and Songket Fashion Show Subang Parade, a core property owned by Hektar REIT, is pleased to announce the kick-off of Subang Parade Merdeka Fiesta weekend with an inaugural fashion show featuring local designers this afternoon. The opening event saw fashion lines unveiled by local designers Calvin Thoo, Toods, Deez, My Syakirin, Tengku Kery, ByTwoo and Bujins. The launch of the Merdeka Fiesta was graced by the attendance of YAM Tengku Temenggong Perlis Dato’ Seri DiRaja Syed Amir Abidin Jamalulail, YM Che Puan Temenggong Perlis Datin Seri DiRaja Farinawati…

Argus Research Company (Argus Research) issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) (SoPa). Click Here (on Society Pass website) or Here (on Argus Research website) to view the full Argus Research Equity Research Report. https://tinyurl.com/ArgusResearch-SOPA-26August Summary Points: Society Pass Inc. (“SoPa”), founded in 2018 and based in Singapore, operates e-commerce platforms in Southeast Asia (“SEA”). SoPa focuses on the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore, and Thailand, which together account for more than 80% of the Southeast Asian population. SoPa’s vertical markets include Lifestyle, Grocery and Food Delivery, Mobile Telecommunications, Loyalty, Travel, and Digital Media. Society Pass…

PT Bank Maybank Indonesia, Tbk (Maybank Indonesia) announced the winners of the World Athletics’ ‘Elite’ road race, the Maybank Marathon 2022, as the contest concluded its 10th anniversary run in Bali today (8/28). With close to 10,000 runners from 50 countries, Maybank Marathon 2022 crowned Hassan Toriss, BIB 004 from Morocco, as champion of the Marathon Open Male category, with a recorded finish time of 2:15:38, and Immaculate Chemutai with BIB 025 from Uganda as champion of the Marathon Open Female category, with a recorded finish time 2:42:32. Each received a cash prize of Rp200,000,000, symbolically handed over by Maybank…

Every year, the FMC-Film Music Contest, the biggest international music competition and awards of its kind in Europe expanding to Asia intended for composers of original music for Film, TV, Ads, Videogames., provides a competitive platform for original musical compositions and pieces from around the world in multiple competition categories. FMC 2022 is no different. One of these categories is the popular Instrumental Music category for soloists, bands, composers, small or large orchestral ensembles, chamber groups, and even offbeat musical acts and formations from around the world, with no restrictions on age or country of origin. The competition is an…

In recent years, the concept of duty-free has drawn much attention. As the only retail operator with four duty-free licenses covering all duty-free sales channels, China Tourism Group Duty Free Corporation Limited (CTG DUTY-FREE, HKG: 1880) is undoubtedly a duty-free industry pioneer. On 25 August 2022, China Tourism Group Duty Free Corporation Limited was officially listed and traded on the main board of the Hong Kong Stock Exchange. The issue price was HK$158 per share, and the total amount of funds raised was about HK$16.236 billion. It is reported that CTG DUTY-FREE is the largest IPO in Hong Kong this…

Spartan Capital Securities LLC (“Spartan Capital”) issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”). Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report. https://tinyurl.com/SpartanCapital-SOPA-25August Summary Points: – Society Pass recently closed on its acquisition of the Indonesian online travel site Nusatrip just as the Indonesian travel market is taking off with international travel up 525% year-to-date. – The deal was signed at an event on July 1st and just closed on August 15th with SoPa paying $620,000. Spartan Capital attended the closing event, visited Nusatrip’s Jakarta offices, met with its founder and…

Company’s manufacturing division sees higher sales volume of foundation piles Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company recorded revenue of RM26.2 million for the fourth quarter ended 30 June 2022 mainly due to higher sales volume of foundation piles from the manufacturing division. For the quarter under review, the Company registered a loss before tax (LBT) of RM45.9 million mainly due to net impairment loss in trade and other receivables of RM18.0 million as well as expenditure incurred in various project-related activities of RM25.0 million from the engineering, procurement, construction and commissioning (EPCC) division.…

NPI Goes up by 34% in 2Q 2022 & Realised Net Income Increased by 151% for 1H 2022 For 2Q 2022 Revenue is higher by 14% and Realised Net Income goes up by 317% Occupancy rate remains stable at 84.8% Interim income distribution of 2.70 sen declared Awarded “Company of the Year for Stakeholder & Community Engagement” ESG Disclosures & Sustainability Initiatives remain our key focus areas Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced the second quarter results ended 30 June 2022 (2Q 2022). Hektar REIT recorded revenue of RM29.37…

Kuantan 188, Malaysia’s second-tallest tower, will host two major events, the Kuantan 188 International Extreme Challenge (KIEC), their first-ever challenge event since reopening early this year, and Pesta Kuantan 188. The KIEC will see a group of people base jumping from the tower in celebration of Merdeka while Pesta Kuantan will be held from 27 August 2022 to 4 September 2022. The launch will be officiated by Deputy Minister of Youth and Sports, YB Senator Dato’ Sri Ti Lian Ker and Chairman of the Pahang State Human Resources, Youth, Sports and Non-Governmental Committee YB Dato’ Sri Haji Mohd Johari bin…

On August 24, Wuling Motors (HKG: 305), a Hong Kong-listed company, released its 2022 semi-annual performance report. In the first half of 2022, Wuling Motors achieved an operating income of 6.275 billion yuan, a year-on-year decrease of 12.4%; a net loss of 139 million yuan, a substantial increase over the same period in 2021. During the period, affected by the international situation and the frequent outbreak of the epidemic, the Chinese auto market was still in an adjusted recovery period. The revenue of each segment of the company declined to various degrees, because of the continued high price of raw…

Company also receives license from Petronas enabling it to bid directly for projects Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998) today announced that the Company registered a 152.0% increase in revenue to RM30.88 million for the first quarter ended 30 June 2022 (1Q FY2023) compared with RM12.26 million in the corresponding quarter of the previous financial year (1Q FY2022) mainly due to higher contribution from M&E engineering business. Bintai Kinden reported a profit after tax (PAT) of RM968,000 for the quarter under review, which is 23.0% lower than the PAT of RM1.25 million…

Net Profit Increased by 12.40% YoY to RMB2.06 Billion Total Loans to Customers Soared by 8.62% to RMB265.268 Billion The Net Profit Increased Stably Credit Assets Increased Steadily Bank of Qingdao Co., Ltd. (Bank of Qingdao or the Bank), the largest City Commercial Bank in Shandong Province, China, announced its interim results for the six months ended June 30, 2022 (the Reporting Period). In the first half of 2022, problems such as the supply chain disruption by the epidemic and energy shortages caused by the Russia-Ukraine conflict continued to ferment and the risk of global economic “stagflation” increased. However, the…

Launches New Package Products to Tap into The Young Consumer Market Dynasty Fine Wines Group Limited (Dynasty or the Group) (HKG: 828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2022. During the period, the resurgence of COVID cases in various cities in China caused the imposing of control and lockdown measures in consuming places and also led to adverse impact on consumer sentiment. As a result, in the first half of 2022, the Group’s revenue decreased by 44% to HK$101 million, compared to the same period last year,…

Reduces 34 Thousand Tonnes of Carbon Emissions China BlueChemical Ltd. (China BlueChem or the Company, HKG: 3983), the largest state-owned chemical fertiliser producer and the leading methanol producer in China, announced its unaudited interim results for the six months ended 30 June 2022. Financial Highlights (Unaudited): For the Six Months Ended 30 June (RMB Million) 2022 2021 Change Revenue 7,371 6,110 +20.6% Gross Profit 1,408 1,285 +9.6% Net Profit Attributable to Owners of the Company 937 1,246 -24.8% Net Profit Attributable to Owners of the Company (excluding a one-off item) 937 868 +8.0% Basic Earnings per Share (RMB) 0.20 0.27…

Net Profit Surges by 65% to Around HK$53.7 Million Continues to Promote B2B2C Online Platform “Q P Market Network” Q P Group Holdings Limited (Q P Group or the Group; HKG: 1412), one of the leading manufacturers of paper-based tabletop games and paper-based greeting cards in the People’s Republic of China (the PRC), recorded total revenue of approximately HK$657.8 million, representing a year-on-year increase of approximately 11.6% for the six months ended 30 June 2022 (6M2022 or the Period). The Group’s profit attributable to equity holders of the Company was approximately HK$53.7 million, up by approximately 65.1% as compared with…

Interim Dividend per Share of HK4.27 Cents Dividend Payout Ratio at 50% Analogue Holdings Limited (Analogue or the Company, together with its subsidiaries, collectively the Group) (HKG: 1977), a leading electrical and mechanical (E&M) engineering service provider in Hong Kong, today announced its interim results for the six months ended 30 June 2022 (the Period or 1H2022), having achieved revenue growth and record-high contracts-in-hand amid market challenges. The Group’s total revenue grew by 29.5% year-on-year to HK$3,022 million, mainly attributable to the increase in revenue from the Building Services segment. Gross profit also soared by 41.6% year-on-year to HK$457.6 million,…

NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that NextBank International, Inc. (NextBank), the international banking unit of NextPlay’s fintech division, has structured and signed a Collaboration Agreement with Alphabit Consulting Pte. Ltd. (Alphabit), formally launching the process of bringing deposit accounts and payment cards to members of Alphabit’s ABCC cryptocurrency exchange (ABCC). The signed agreement creates an opportunity for tens of thousands of ABCC customers to open NextBank accounts and represents the first partner onboarding since NextBank revamped its operating systems to support this type of scalability. Once implemented,…

On 14-15 September 2022, EDUtech Thailand (www.terrapinn.com/virtual/edutech-thailand/index.stm) will once again bring together the entire education ecosystem in Thailand to discuss new strategies, pedagogies, and innovations to bring inspiration in education to all. Over the two days, over 100 expert speakers (www.terrapinn.com/virtual/edutech-thailand/speakers.stm) from K-12 Schools and higher education institutions across Thailand will be addressing key themes such as Digital Leadership, Hybrid Learning, and Next-Gen Tools and Pedagogy in both English and Thai. Headlining the festival agenda is Chayaporn Wattanasiri, President of Mae Fah Lung University. She’ll be sharing higher education’s move into the digital age, especially in the area of assessments.…