Author: Marie Jones

HONG KONG — “It only takes a few minutes or even seconds to make decision on loan, which in turn will increase the loaning opportunity for each borrower.” – Greg pointed out that big data and AI have great impact on the financial sector. On 4 Nov 2017, Greg Gibb, Co-Chairman and CEO of Lufax Holdings (“Lufax”), gave a keynote speech at the 2nd Annual Conference on “The Chinese Era of Digital Finance” at the Institute of Digital Finance, Peking University, where he specifically analyzed the financial impact of big data and Artificial Intelligence (AI). Greg believed that big data and…

TOKYO — Voltage Inc. (Shibuya, Tokyo, President: Yuzi Tsutani) released its latest female-oriented English-language app, Love 365: Find Your Story, for iOS and Android on November 13th, 2017. This convenient app is designed to be a portal that compiles all of Voltage’s English-translated Japanese Visual Romance Apps’ characters and stories into one easy-to-navigate reader app for our international audience. Not only can you pay for an entire story upfront like the former standalone apps, but now you can sign up for a monthly subscription service ($8.99 USD), or even pay for individual episodes. Two new titles will be available in the…

Yangon and Tokyo — Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate MPU-JCB Co-Branded Card in Myanmar. This is the first corporate credit card targeted for business payment use ever issued in the country. The AYA Universal Corporate MPU-JCB Co-Branded Card has 2 different products: Universal Corporate Platinum Credit Card and Universal Corporate Gold Credit Card. All the cardmembers can enjoy the same JCB…

Asset and Liability Management, Fund Transfer Pricing, and Liquidity Management SINGAPORE — Hong Leong Finance Ltd has implemented an integrated risk management solution from Kamakura Co for its balance sheet management, funds transfer pricing, and liquidity management processes. The Singapore-listed finance company (SG:S41), part of the Hong Leong Group, made its decision after doing a comprehensive upgrade exercise involving its risk management processes. “Hong Leong Finance was clear in its risk vision, and wanted to incorporate an integrated framework for balance sheet management, funds transfer pricing and liquidity management initiatives,” said Dr. Clement Ooi, Kamakura’s EVP and Managing Director of…

Investment Value Highly Recognized by Global Capital Market HONG KONG — Kingston Financial Group Limited (“Kingston Financial Group” or “the Group”) (stock code: 1031) is pleased to announce that the Group has been included as a constituent of the MSCI Global Standard Index – Hong Kong Index with effect from the close of 30 November 2017. The MSCI Index, a securities index compiled by Morgan Stanley Capital International (“MSCI”), is the most widely used reference index of capital market performance for investors in many countries and regions. The shares included in the MSCI Index are the leading and most representative companies…

Singapore will be the gateway for YITU to expand to the rest of the world SHANGHAI — YITU Technology, a Chinese pioneer in artificial intelligence (AI), announced its plans to set up a Research & Development (R&D) Hub in Singapore, bolstering Singapore’s AI applications in the area of security and finance. The discussion was held at a visit to YITU’s Shanghai headquarters recently, represented by Singapore officials from the Ministry of Home Affairs (MHA) and Singapore’s Economic Development Board (EDB), where they witnessed its award-winning facial recognition technologies. With much potential waiting to be harvested, AI is one of the key…

HONG KONG — Winson Holdings Hong Kong Limited (“Winson” or the “Group”; stock code: 8421), a Hong Kong-based service provider specialising in environmental hygiene and related services and airline catering support services, has announced its unaudited interim results for the six months ended 30 September 2017 (“Period under Review”). During the Period under Review, the Group’s two principal businesses, environmental hygiene and related services and airline catering support services, performed steadily. The two operations generated combined revenue of approximately HK$248.2 million, representing a year-on-year increase of approximately 8.0%. Though the cost of services has further increased, the Group has nonetheless been…

HONG KONG — GF Securities Co., Ltd. (with its subsidiaries, as “GF Securities” or the “Company”, HKSE: 1776; SZSE: 000776) and The Hong Kong University of Science and Technology Entrepreneurship Center (“HKUST Entrepreneurship Center”, and The Hong Kong University of Science and Technology, “HKUST”) successfully held a public seminar on entrepreneurship at HKUST on 9 November 2017, which attracted a large number of students and entrepreneurs. GF Securities has been actively devoting itself to student entrepreneurship activities. Leveraging on its advantages and experiences in China’s capital market for years, the Company spares no effort to deliver entrepreneurial knowledge to young people…

Strong boost on Own Brand business development and sustainable performance growth HONG KONG — Tianyun International Holdings Limited (“Tianyun International”, together with its subsidiaries, the “Group”) (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China, is pleased to announce that Shandong Tiantong Food Co., Ltd., a wholly-owned subsidiary of the Company, was invited to participate in the Autumn China Food & Drinks Fair (the “Fair”), As the industry’s leading and reputable event, this Fair attracted hundreds of thousands of exhibitors from domestic and abroad. It is an ideal platform for industry distributors to purchase and source…

Net Profit Climbs 130% with Revenue Up by 64.8% HONG KONG — Precision Tsugami (China) Corporation Limited (“Precision Tsugami”, together with its subsidiaries, the “Group”, Stock code: 1651), the largest foreign-owned CNC high precision machine tool manufacturer today announced its unaudited interim results for the six months ended 30 September 2017. This is the first interim result announcement following the Group’s listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) on 25 September 2017. 2017 Interim Result Highlights – Net profit amounted to RMB1 billion, representing an increase of 130% as compared to the same period…

Strong Asian Market Potential Uncorked HONG KONG — The 10th edition of the Hong Kong International Wine & Spirits Fair concluded yesterday (11 November). The fair, organised by the Hong Kong Trade Development Council (HKTDC), was held from 9 to 11 November at the Hong Kong Convention and Exhibition Centre. A total of 1,070 exhibitors from 38 countries and regions presented exquisite wines from around the world. Nearly 20,000 trade buyers from 70 countries and regions attended the three-day Wine & Spirits Fair, up 2.3 per cent from last year. Attendance from individual countries recorded encouraging growth, including the Chinese mainland,…

Revenue Contribution of New Energy Business Climbs to over 70% of Total; Pushes Group Revenue Up by 53.1% HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group”, stock code: 8246) today announced its unaudited third quarter results for the nine months ended 30 September 2017. During the period, with developing into a dynamic integrated new energy enterprise as its primary objective, the Group continued to drive the development of New energy business. During the period, revenue of the Group amounted to RMB112.9 million (corresponding period in 2016: RMB73.8 million), representing a leap of 53.1%, mainly attributable…

Emerging Markets See Good Growth and High-end Brands Tipped to be Top Sellers HONG KONG — The 25th edition of the HKTDC Hong Kong Optical Fair closed today. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association, the three-day fair (8-10 November) attracted a record of more than 16,000 buyers from 103 countries and regions, up seven per cent over the previous year. The number of buyers from numerous emerging markets rose significantly, including the Chinese mainland, India, Indonesia, the Philippines and Thailand. Sizable growth in buyers was also recorded from mature…

Underlying Net Profit (excluding fair value changes of investment properties) Increased by 3.5% to HK$67.5 Million; Declared Interim Dividend of 4.0 HK Cents per Share HONG KONG — Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its interim results for FH 2017/18. Highlights – Recorded revenue for the six month ended 30 September 2017 (“FH 2017/18”) of approximately HK$815.0 million, an increase of approximately 58.4%. – Attained net profit of approximately HK$71.4 million for FH 2017/18. Excluding the effect of fair value gains on investment properties, the Group recorded an…

– Excellent Performances for Transport – Freight Forwarding Revenue Starting Q4 BANGKOK — JWD InfoLogistics PCL (SET:JWD), a leading total logistics solutions provider, announced its Q3 results, which featured better-than-forecasted growth rates, with a net profit figure of THB 56.5m, up 131.6% y-o-y (after extraordinary items) and 14.1% q-o-q, driven by outstanding growths in the inland and cross-border transport, general warehousing, automotive storage and management and cold storage segments. It forecasted continuing growths over Q4 as revenue and profit from the acquisition of Ocean Air International in last October would be recognised and enable it to create new growths by offering…

– New contract wins affirms the Group’s capabilities in water and waste management – Order book now stands at S$112.3 million – Contracts to contribute to revenue from FY2018 SINGAPORE — Sanli Environmental Limited (“Sanli” and together with its subsidiaries, the “Group”), a Singapore-based environmental engineering company, specialising in water and waste management, today announced that it has secured four new contracts (“Contracts”) worth a total of S$8.1 million, from both the public and private sectors. This brings the Group’s order book to S$112.3 million. The Contracts comprise projects in both Engineering, Procurement and Construction (“EPC”) and Operations and Maintenance (“O&M”)…

Actively Expands IDC Business by Grasping Market Opportunities HONG KONG — Neo Telemedia Limited (“Neo Telemedia” or the “Company;” stock code: 8167, together with its subsidiaries, the “Group”) announced today its unaudited results for the nine months ended 30 September 2017 (the “period under review”) and the third quarter of the year. During the period under review, the Group recorded turnover of approximately HK$432,259,000, with gross profit at HK$137,778,000, up by 12.9% compared with same period last year. Profit attributable to owners of the Company was approximately HK$14,144,000 (2016 Correspondent Period: HK$176,179,000), due to absent of the one-off gain from disposal…

Non-acoustic 9M and Q3 Revenue increased 79% and 29% respectively; Acoustic 9M and Q3 Revenue increased 21% and 17% respectively; 9M EPS grew 43% YoY, Annualized ROE up to 31.2%; Accelerating Capital Investment on Optics HONG KONG —  AAC Technologies Holdings Inc. today announced its unaudited results for the nine months ended 30 September 2017, reporting revenue for the period of RMB13,967.8 million and net profit of RMB3,492.7 million. The highlights and business review in the Results Announcement share more insights of the performance. 2017 Nine Months Highlights (unaudited): – Record first nine months revenue and net profit, up 43% and…

SINGAPORE — mybitwallet, a world-wide, online payment services e-wallet, is pleased to announce the availability of a new Payment Request feature for businesses and individual users of the mybitwallet payment service. The new feature offers an easy and convenient way for merchants or other users to request and collect online payments from among mybitwallet account holders and send custom Payment Requests with complete tracking and payment receipts which are automatically sent to both parties with each transaction. The new service is designed for any number of everyday situations. It is for friends or colleagues who simply want to share the expenses…

Asia Wine Academy Debuts, Public Day on Saturday HONG KONG — The 10th edition of the HKTDC Hong Kong International Wine & Spirits Fair opened today and will continue until 11 November at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong Kong Trade Development Council (HKTDC), the fair welcomed Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government, as the guest of honour at this morning’s opening ceremony. “Entering its 10th anniversary, the Wine & Spirits Fair has grown to become a major event of its kind in Asia,” said Margaret Fong, Executive…