Author: Marie Jones

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.…

Every year, FMC-Film Music Contest – the unique international music competition and awards – provides a competitive platform for composers, musicians, producers, and sound designers of original scores for film, television, commercials and video games. FMC includes the “FMC Video Game Scoring Competition”, a separate category for music composers and sound designers of all ages and nationalities that is unique in the world of music competitions. “After the great response in last year’s competition and many requests to continue this category, we have decided to cater to all artists and fans. We are thrilled to launch the ‘Game Scoring’ category…

The Gen-1 specifications received a historical approval vote by ANSI / NEMA for a plug & play ceiling outlet/receptacle for safe installation of lighting and ceiling fans. SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a Sky Technologies) (SKYX, we or the Company), a highly disruptive platform technology company with over 60 issued and pending patents globally for simplifying and enhancing safety and automation in homes and buildings, today announced the introduction of a demo video of its Gen-1 game-changing ceiling platform technology, the specifications of which just received a historical approval vote by ANSI / NEMA, the leading U.S. standardization organizations for homes,…

As our regular readers know we’ve been using the extra time our testnet deployment afforded us to equip Paribus with the optimal conditions for our mainnet launch. As part of that process, we’re absolutely thrilled to share with the community that we’ve partnered with Multichain so that our PBX token can now be bridged to Arbitrum, Milkomeda, and Polygon. Cross-chain interoperability has always been at the heart of everything we hope to achieve and it’s incredible that we’ve already reached this milestone. Development teams from both Paribus and Multichain have worked tirelessly to ensure the success of this move, going…

Company’s loss before tax narrows to RM1.66 million Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (1Q FY2023) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (1Q FY2022). For the quarter under review, the Company recorded a loss before tax (LBT) of RM1.66 million compared with LBT of RM4.35 million in 1Q FY2022. On a segmental basis, Minetech’s civil engineering division posted revenue contribution of RM13.7 million for 1Q FY2023,…

Expands Customer Base while Driving Core Business Growth InvesTech Holdings Limited (InvesTech Holdings, together with its subsidiaries, the Group; HKG: 1087), a leading integrated smart-IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems (Asia) Limited (Wafer Systems), which owns smart-office software solutions flagship product Virsical, has entered into a memorandum of understanding (MoU) with Huawei Services (Hong Kong) Co., Limited (Huawei). Under the agreement, the two companies will collaborate strategically in the smart-office and cloud businesses to jointly offer enterprises digital transformation solutions. Wafer Systems and Huawei signed the MoU on 24 August 2022 at…

— NVK002 completed patient recruitment for both concurrent Phase III clinical trials significantly ahead of schedule — First commercialized product, “Baodeshi” Heat Compress Eyepatch, will facilitate digital engagement with dry eye patients and eye-health-conscious consumers — The NDA submission for CsA Ophthalmic Gel was accepted for review by the CDE, on track to become our first commercialized innovative drug — Partnership with Visus for presbyopia enabled Zhaoke Ophthalmology to become the first ophthalmic pharmaceutical company in China with innovative drugs in advanced clinical development covering three major front-of-the-eye diseases namely DED, myopia and presbyopia — Strong cash position provides support…

Huitongda Network (9878) has been on a roll this August although it has been listed for just six months. First, the company’s share price has continued to rise and hit new peaks, which has increased by 37% since its listing, in sharp contrast to the 16% drop in Hang Seng Index. Subsequently, the company announced that it was successfully selected as a constituent of Hang Seng Family of Indexes on August 19, which indicated that the value of Huitongda Network has been further recognized by the capital market. On August 23, Huitongda Network delivered another good news – in the…

Operating Results Stabilised and Showed Improvement Gradually Realising Transformation and Upgrading Chu Kong Shipping Enterprises (Group) Company Limited (Chu Kong Shipping, or the Company, together with its subsidiaries, the Group; HKG: 560) is pleased to announce its interim results for the six months ended 30 June 2022 (the Period). During the Period, the international environment became more complex and severe, while the global epidemic remained severe. However, thanks to the growth of the terminal logistic business, the Group’s results during the Period remained promising. In the first half of 2022, the continuous impact of the repeated COVID-19 epidemic and the…

Batik, Tenun and Songket Fashion Show, Bazaar and Petting Zoo among events held over 27-31 Aug 2022 Sharing sessions and cooking demonstrations among line-up of activities over the Merdeka week A host of family-friendly activities is being rolled out by Subang Parade, a mall owned by Hektar Real Estate Investment Trust (Hektar REIT), taking inspiration from the theme for the country’s National Day, Keluarga Malaysia Teguh Bersama, or “Malaysian Family, Strong Together” while supporting local culture and designers. Aptly named Subang Parade Merdeka Fiesta, held over 27-28 August and on 31 August 2022, the activities include fashion shows celebrating Malaysia’s…

Avantor Foundation, Avantor’s philanthropic arm, committed financial resources to healthcare charitable organizations, HealthServe and SATA CommHealth, as part of the Foundation’s mission to provide healthcare to those in need. The grants will offer much-needed support to communities who would otherwise be unable to receive quality medical care. By identifying community needs and addressing them through these grants, the Avantor Foundation is able to contribute to the advancement of healthcare in Singapore and the region. “As we continue to create a better world, grants like this demonstrate our commitment to providing healthcare to those in need,” said Christophe Couturier, Executive Vice…

Nonfungible token (NFT) sales topped $4.4 billion in January and have noticeably decreased in the following months. The May market crash accelerated the decline and caused sales to plunge to $1 billion by June – a 65% drop from January. Ostensibly, the revenue earned by NFT holders is at frustratingly low levels, which through restrictions, market manipulation, and flat-out security vulnerabilities of centralized platforms, can only go as far as exacerbate. Despite all this, some key data indicate that it isn’t as apocalyptic as how others made it sound. Despite recent turbulences in the overall market environment, long term perspectives…