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GLOBAL MARKETS-Stocks skid, bonds rally as tariffs stoke recession risk
Asian stock markets : https://tmsnrt.rs/2zpUAr4Nasdaq futures drop 1.0%, Nikkei dives 3.6%Trump says US tariffs to cover all countriesFlight to safety buoys bonds, gold hits recordBy Wayne Cole SYDNEY, March 31 (Reuters) - World share markets were in a tailspin on Monday after U.S. President Don...Reuters
Mon, Mar 31
Trio Industrial Electronics Group Limited Announces 2024 Annual Results FY2024 Revenue amounted to HK$1,007.5 million Strong performance turned the first-half loss into a full-year profit
Trio Industrial Electronics Group LimitedAnnounces 2024 Annual ResultsFY2024 Revenue amounted to HK$1,007.5 millionStrong performance turned the first-half loss into a full-year profitResume distribution of final dividend of HK1.2 cents per shareDriving the establishment of ‘Greater Asia New Energy Business Circle’[Hong Kong – 31 March 2025] Trio Industrial Electronics Group Limited (“Trio Group” or the Group”, Stock code: 1710), a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, is pleased to announce the consolidated annual results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2024 ( “FY2024”).During FY2024, Europe and North America continued to be the Group’s major markets, contributing 87.9% and 6.5% of total revenue respectively. Due to the ongoing economic challenges in the European and American markets, coupled with high interest rates, currency depreciation, and geopolitical uncertainties leading to a slowdown in economic activity, the Group's order volume has also decreased. For the year, revenue of the Group has decreased by 13.2% to approximately HK$1,007.5 million. Gross profit amounted to approximately HK$187.5 million, while gross profit margin was 18.6%. Profit attributable to owners of the Company amounted to approximately HK$8.6 million. The Group has maintained a strong financial position, with cash and cash equivalents (including restricted bank deposits) of approximately HK$156.5 million, and current ratio of 2.2. The Board has recommended a final dividend of HK1.2 cents per ordinary share of the Company for the year ended 31 December 2024 (2023: nil) to the Shareholders.The Group implemented multiple measures to address challenges and enhance efficiency and competitiveness. In business, the Group has strategically expanded to new energy business sector. In alignment with global sustainability initiatives and the PRC’s Belt and Road strategy, the Group has been actively expanding its new energy business in Kazakhstan, and has partnered with Sinooil (China National Petroleum) to set up electric vehicle (“EV”) charging stations and digital advertising facilities across approximately 140 Sinooil gas stations in the country. During the year, three model EV charging stations have already been established in Almaty, integrating Deltrix-branded EV charging infrastructure, energy storage, intelligent car wash facilities, and digital advertising systems, forming a comprehensive EV charging ecosystem. The integrated advertising platform is designed to support Chinese enterprises in expanding their market presence in Central Asia. The Group also involved in production of key electronic components for solar and wind power equipment, as well as the development of the Group’s renowned EV chargers brand, “Deltrix”. The Group is expanding its new energy operations into Uzbekistan, with plans to establish smart charging stations and build electric driverless heavy-duty truck manufacturing facilities to support the country’s transition toward sustainable transportation. This strategic expansion reinforces the Group’s commitment to contributing to the new energy transition in Central Asia. Beyond Central Asia, the Group is expanding its new energy business into Hong Kong and Southeast Asia, with an initial focus on Thailand and Indonesia.For the production capacity, new manufacturing facilities in the PRC and Thailand commenced operation in FY2023 and FY2024, respectively. Additionally, a factory building leased in the UK is set to commence operation in the first half of 2025, further boosting production capacity.Mr. Cecil Wong, the Chairman of Trio Industrial Electronics Group Limited said, “Looking forward, the Group remains cautiously optimistic while navigating global economic uncertainties. We expected huge business opportunities in Hong Kong, Central Asia, and Southeast Asia. Aligned with global sustainability initiatives and the PRC’s Belt and Road strategy, the Group is actively expanding its new energy business in Kazakhstan, establishing it as a key regional hub. In addition, the Group will continue to enhance its charging infrastructure by deploying smart charging stations integrating solar power and energy storage systems.These stations aim to become a comprehensive ecosystem, combining digital advertising, intelligent e-commerce, automated car wash services, and convenience retail stores. The integrated advertising platform will support Chinese enterprises in expanding their market presence in Central Asia, reinforcing the Group’s goal of becoming the leading outdoor media provider in Kazakhstan. We are advancing our vision of creating a ‘Greater Asia New Energy Business Circle’, a strategic network that integrates EV charging infrastructure, energy storage, digital advertising, and intelligent service solutions across multiple regions. Trio Group remains dedicated to seizing the opportunities within the new energy sector, fulfilling the Group's enduring commitment to sustainable development, technological innovation, and long-term value creation for stakeholders."- End -About Trio GroupTrio Industrial Electronics Group is a manufacturer and distributor of advanced industrial electronic components and products in Hong Kong with nearly 40 years of industry experience. It is also the first Hong Kong-based industrial electronic company awarded with the Industry 4.0 maturity certificate - Industry 4.01i level. The Group’s major products include smart chargers, electro-mechanical product and switch-mode power supplies, which are widely used in smart city systems, medical and healthcare sector, as well as renewable energy field. The Group has built up a good reputation and become a trusted supplier to various international well-known brands. The majority of its clients are from Europe and the US while some from Southeast Asia and PRC. In addition, the Group and its partner have developed their own EV charger solution - Deltrix since 2017, which has been launched in the European market in response to the global efforts to develop smart economies.This press release is issued by DLK Advisory Limited on behalf of Trio Industrial Electronics Group Limited.For more details, please contact:Skye Shum - IR Managerskyeshum@triohk.com.hkPR media:DLK Advisorypr@dlkadvisory.comFile: 1710_2024AR_press release_EN_2025033131/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, Mar 31
Trio Industrial Electronics Group Limited Announces 2024 Annual Results FY2024 Revenue amounted to HK$1,007.5 million Strong performance turned the first-half loss into a full-year profit
Trio Industrial Electronics Group LimitedAnnounces 2024 Annual ResultsFY2024 Revenue amounted to HK$1,007.5 millionStrong performance turned the first-half loss into a full-year profitResume distribution of final dividend of HK1.2 cents per shareDriving the establishment of ‘Greater Asia New Energy Business Circle’[Hong Kong – 31 March 2025] Trio Industrial Electronics Group Limited (“Trio Group” or the Group”, Stock code: 1710), a leading manufacturer and distributor of advanced industrial electronic components and products in Hong Kong, is pleased to announce the consolidated annual results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2024 ( “FY2024”).During FY2024, Europe and North America continued to be the Group’s major markets, contributing 87.9% and 6.5% of total revenue respectively. Due to the ongoing economic challenges in the European and American markets, coupled with high interest rates, currency depreciation, and geopolitical uncertainties leading to a slowdown in economic activity, the Group's order volume has also decreased. For the year, revenue of the Group has decreased by 13.2% to approximately HK$1,007.5 million. Gross profit amounted to approximately HK$187.5 million, while gross profit margin was 18.6%. Profit attributable to owners of the Company amounted to approximately HK$8.6 million. The Group has maintained a strong financial position, with cash and cash equivalents (including restricted bank deposits) of approximately HK$156.5 million, and current ratio of 2.2. The Board has recommended a final dividend of HK1.2 cents per ordinary share of the Company for the year ended 31 December 2024 (2023: nil) to the Shareholders.The Group implemented multiple measures to address challenges and enhance efficiency and competitiveness. In business, the Group has strategically expanded to new energy business sector. In alignment with global sustainability initiatives and the PRC’s Belt and Road strategy, the Group has been actively expanding its new energy business in Kazakhstan, and has partnered with Sinooil (China National Petroleum) to set up electric vehicle (“EV”) charging stations and digital advertising facilities across approximately 140 Sinooil gas stations in the country. During the year, three model EV charging stations have already been established in Almaty, integrating Deltrix-branded EV charging infrastructure, energy storage, intelligent car wash facilities, and digital advertising systems, forming a comprehensive EV charging ecosystem. The integrated advertising platform is designed to support Chinese enterprises in expanding their market presence in Central Asia. The Group also involved in production of key electronic components for solar and wind power equipment, as well as the development of the Group’s renowned EV chargers brand, “Deltrix”. The Group is expanding its new energy operations into Uzbekistan, with plans to establish smart charging stations and build electric driverless heavy-duty truck manufacturing facilities to support the country’s transition toward sustainable transportation. This strategic expansion reinforces the Group’s commitment to contributing to the new energy transition in Central Asia. Beyond Central Asia, the Group is expanding its new energy business into Hong Kong and Southeast Asia, with an initial focus on Thailand and Indonesia.For the production capacity, new manufacturing facilities in the PRC and Thailand commenced operation in FY2023 and FY2024, respectively. Additionally, a factory building leased in the UK is set to commence operation in the first half of 2025, further boosting production capacity.Mr. Cecil Wong, the Chairman of Trio Industrial Electronics Group Limited said, “Looking forward, the Group remains cautiously optimistic while navigating global economic uncertainties. We expected huge business opportunities in Hong Kong, Central Asia, and Southeast Asia. Aligned with global sustainability initiatives and the PRC’s Belt and Road strategy, the Group is actively expanding its new energy business in Kazakhstan, establishing it as a key regional hub. In addition, the Group will continue to enhance its charging infrastructure by deploying smart charging stations integrating solar power and energy storage systems.These stations aim to become a comprehensive ecosystem, combining digital advertising, intelligent e-commerce, automated car wash services, and convenience retail stores. The integrated advertising platform will support Chinese enterprises in expanding their market presence in Central Asia, reinforcing the Group’s goal of becoming the leading outdoor media provider in Kazakhstan. We are advancing our vision of creating a ‘Greater Asia New Energy Business Circle’, a strategic network that integrates EV charging infrastructure, energy storage, digital advertising, and intelligent service solutions across multiple regions. Trio Group remains dedicated to seizing the opportunities within the new energy sector, fulfilling the Group's enduring commitment to sustainable development, technological innovation, and long-term value creation for stakeholders."- End -About Trio GroupTrio Industrial Electronics Group is a manufacturer and distributor of advanced industrial electronic components and products in Hong Kong with nearly 40 years of industry experience. It is also the first Hong Kong-based industrial electronic company awarded with the Industry 4.0 maturity certificate - Industry 4.01i level. The Group’s major products include smart chargers, electro-mechanical product and switch-mode power supplies, which are widely used in smart city systems, medical and healthcare sector, as well as renewable energy field. The Group has built up a good reputation and become a trusted supplier to various international well-known brands. The majority of its clients are from Europe and the US while some from Southeast Asia and PRC. In addition, the Group and its partner have developed their own EV charger solution - Deltrix since 2017, which has been launched in the European market in response to the global efforts to develop smart economies.This press release is issued by DLK Advisory Limited on behalf of Trio Industrial Electronics Group Limited.For more details, please contact:Skye Shum - IR Managerskyeshum@triohk.com.hkPR media:DLK Advisorypr@dlkadvisory.comFile: 1710_2024AR_press release_EN_2025033131/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, Mar 31
CK Hutchison shares set to open down 4.5% as China state media blasts port deal
HONG KONG, March 31 (Reuters) - Shares of CK Hutchison 0001.HK were set to open down 4.5% on Monday after China state media blasted the Hong Kong conglomerate's Panama port deal and sources said the deal, which was expected to be signed on April 2, would be delayed. Chinese state media attac...Reuters
Mon, Mar 31
3 Reasons to Buy FuboTV Stock Like There's No Tomorrow
FuboTV (NYSE: FUBO) just pulled off what can only be described as a coup. It will not only reshape the company's future, but also potentially the competitive landscape in the streaming industry. And it involves one of the most prominent names in the media industry, Disney. Here are three reasons som...The Motley Fool
Mon, Mar 31
1 Growth Stock Down 47% to Buy Right Now
Market downturns can create rare chances to buy strong businesses at a discount. One such opportunity might be Wingstop (NASDAQ: WING), which has seen its stock price tumble 47% from its June 2024 peak.The fast-casual chain, famous for its wings, has long commanded a premium valuation -- thanks in p...The Motley Fool
Mon, Mar 31
Global Bio-chem Gross Profit Has Surged By 3 Times In 2024 With Leaps In Sales Volume And Consolidated Revenue
March 2025 – Global Bio-chem Technology Group Company Limited (“Global Bio-chem” or the “Company”, stock code: 00809, together with its subsidiaries, the “Group”) announced that its audited consolidated revenue for the year ended 31 December 2024 (the “Year”) from continuing operations and gross profit increased by 45.7% and 338.1% to approximately HK$2,001.1 million (2023: HK$1,373.9 million) and approximately HK$191.0 million (2023: HK$43.6 million) respectively, with a gross profit margin of 9.5% (2023: 3.2%), as a result of substantial increase in sales volume and decrease in the average corn purchase price. The Group’s EBITDA (i.e. earnings before interest, taxation, depreciation and amortisation) and profit from continuing operations decreased to approximately HK$1,297.5 million (2023: HK$4,695.0 million) and approximately HK$769.6 million (2023: HK$3,743.1 million) for the Year respectively, mainly attributable to the absence of a one-off gain on derecognition of a subsidiary and gain on debt restructuring, recorded for the corresponding prior year. Despite this, the business operations and the financial position of the Group have improved during the Year. During the Year, the Group maximised the production capacity of amino acids and introduced a variety of high value-added amino acid products, which led to a 55.9% year-on-year growth in sales volume to approximately 382,000 metric tonnes (“MT”) (2023: 245,000 MT), including the sale volume of other corn refined products increased by approximately 70.0% to approximately 102,000 MT (2023: 60,000 MT) with a revenue of approximately HK$264.2 million (2023: HK$217.2 million) and the sales volume of the Group’s amino acids segment recorded a significant increase by approximately 51.4% to approximately 280,000 MT (2023:185,000 MT), with a revenue of approximately HK$1,736.9 million (2023: HK$1,156.7 million) during the Year. As a result of the improvement of utilisation rate of the Group’s production facilities and launching a series of high value-added products during the Year, the Group’s gross profits margin of other corn refined products and lysine products increased to 1.0% (2023: gross loss margin: 6.6%) and 10.8% (2023: 5.0%) respectively.During the Year, the export sales of the Group increased to approximately HK$632.1 million (2023: HK$354.2 million) and accounted for approximately 31.6% (2023: 25.8%) of the Group’s total revenue. On the other hand, the Group transferred Changchun Dacheng Industrial Group Company Limited and its subsidiaries , including the remaining land and buildings situated in Luyuan District, Changchun City, Jilin Province, the PRC and a portion of outstanding repurchased loans owned by Changchun Rudder Investment Group Co., Ltd. in principal amount of approximately RMB113.5 million, together with outstanding interests, to a third party. As such, the total borrowings and net liabilities of the Group had reduced by approximately HK$1,904.7 million to approximately HK$1,693.7 million and approximately HK$2,082.5 million to approximately HK$1,954.4 million respectively as at 31 December 2024. In order to maintain its competitiveness, the Group will strive to consolidate its market position, diversify its product range and enhance its capability in developing high value-added products and new applications through in-house research. In the short run, the Group will maintain the stable production of its lysine products and strengthen its position in the industry through distributor collaboration. Moreover, the Group will redesign the proposal of the refurbishment of the boiler facilities and achieve the lower cost of production of lysine. Additionally, the Group will strive to introduce industry players to facilitate the resumption of production of the Xinglongshan site to improve its operational efficiency.About Global Bio-chemGlobal Bio-chem (stock code: 00809.HK) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2001. The Group is principally engaged in the manufacture and sale, research and development of corn-based biochemical products in the People’s Republic of China (the “PRC”). The Company’s production facilities are based in Jilin province in the PRC. – End –Issued by:Global Bio-chem Technology Group Company LimitedThrough:CorporateLink LimitedMedia Enquiry:CorporateLink Limited Shiu Ka Yue Tel: 2801 6198/ 9029 1865 Email: sky@corporatelink.com.hk Zoe Mak Tel: 2801 6090/ 6539 3300 Email: zoe@corporatelink.com.hk Rainy Zhang Tel: 2801 7393/ 9608 8187 Email: rainy@corporatelink.com.hk Global Bio-chem’s financial highlights For the year ended 31 December 2024 2023 Change % Revenue (HK$ million) 2,001.1 1,373.9 45.7 Gross profit (HK$ million) 191.0 43.6 338.1 Profit for the Year from continuing operations (HK$ million) 769.6 3,743.1 (79.4) Profit for the Year from discontinued operations (HK$ million) - 481.5 n/a Profit for the Year (HK$ million) 769.6 4,224.6 (81.8) Profit attributable to owners of the Company arising from Continuing operations (HK$ million) 769.6 3,743.1 (79.4) Discontinued operations (HK$ million) - 481.5 n/a Basic earnings per share (HK cents) arising from Continuing operations 8.6 42.0 (79.5) Discontinued operations - 5.4 n/a Diluted earnings per share (HK cents) arising from Continuing operations 2.9 25.7 (88.7) Discontinued operations - 3.4 n/a Proposed final dividend per share (HK cents) - - n/a 31/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, Mar 31
Did Apple Just Give Nvidia Investors 1 Billion Reasons to Celebrate?
For the last couple of years, megacap technology companies have dominated the artificial intelligence (AI) narrative.Microsoft turned heads with its $10 billion investment in ChatGPT maker OpenAI. Amazon swiftly followed, pouring $8 billion into a competing platform called Anthropic. And then there'...The Motley Fool
Mon, Mar 31
I-Mab expected to post a loss of 11 cents a share - Earnings Preview
I-Mab IMAB.OQ IMAB.O is expected to report resultson April 2 (estimated) for the period ending September 30 2024LSEG's mean analyst estimate for I-Mab is for a loss of 11 cents per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3...Reuters
Mon, Mar 31
GLOBAL MARKETS-Stocks skid, bonds rally as tariff clock ticks down
SYDNEY, March 31 (Reuters) - Asia stocks followed Wall Street futures lower on Monday as investors struggled to price in the risk of imminent U.S. tariffs with so little still known about what form or scope the levies will take.Reuters
Mon, Mar 31
Is Dutch Bros Stock a Buy, Sell, or Hold in 2025?
The S&P 500 has been making its way back up after entering correction territory, but it's still down 3% year to date. Although that gives investors a good glimpse of what's happening in the markets, the S&P 500 is only an average, and it has only 500 stocks.Among its components, some are doing bette...The Motley Fool
Sun, Mar 30
Warren Buffett's Resounding Message to Wall Street, Delivered Over a Number of Years, Couldn't Be Clearer. And It May Change the Way You Invest Right Now.
Investors look to Warren Buffett for guidance because he's proven he can weather any market storm. That's even earned him the nickname the Oracle of Omaha (his hometown), as over time, he's generally made just the right moves at just the right time. A recent example: Buffett sold positions in S&P 50...The Motley Fool
Sun, Mar 30
4 Social Security Rule Changes Taking Effect in April 2025
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Sun, Mar 30
2 Red-Hot Growth Stocks to Buy in 2025
A number of high-flying growth stocks have come back down to earth following the recent market pullback. Let's look at two that investors can consider buying this year, especially if the market once again starts to head lower.1. PalantirTrading at a forward price-to-sales (P/S) multiple of 60, Palan...The Motley Fool
Sun, Mar 30
After the Recent Stock Market Drama, Where Will Artificial Intelligence (AI) Leader Palantir Be in 5 Years?
Palantir Technologies (NASDAQ: PLTR) started 2025 with a bang, jumping more than 60% in just over two months on the back of a solid quarterly report that was released at the beginning of February, but the stock has witnessed a remarkable pullback since hitting a 52-week high on Feb. 18.Specifically,...The Motley Fool
Sun, Mar 30
This Top Dividend ETF Loves These Leading Oil Stocks. Should You Buy Them, Too?
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is a popular exchange-traded fund (ETF) among dividend investors. It holds 100 of the highest-quality dividend stocks and tracks an index (Dow Jones U.S. Dividend 100 Index) that screens companies based on the quality of their dividends. Because of...The Motley Fool
Sun, Mar 30
Prediction: This 5.4%-Yielding Dividend Stock Will Produce Market-Beating Returns for Patient Investors
Vici Properties (NYSE: VICI) is a real estate investment trust, or REIT, specializing in gaming real estate. It owns 54 gaming properties, including some of the most iconic properties on the Las Vegas Strip, such as Caesars Palace, MGM Grand, and The Venetian. It owns an excellent portfolio of regio...The Motley Fool
Sun, Mar 30
StubHub IPO: Should You Buy In?
After a long pause, it looks as though the market for initial public offerings (IPOs) may be heating up again. Even amid tariff uncertainty clouding the near-term picture, several private companies are now on track to go public.One interesting prospective IPO is StubHub, which filed an S-1 registrat...The Motley Fool
Sun, Mar 30
