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Outset Global Expands Its Outsourced Trading Team in Asia, Reinforcing Its Commitment to Regional Growth

pandora
3 minutes

Hong Kong, February 09, 2023 - (SEAPRWire) - Outset Global, the leading provider of innovative buyside trading solutions announced today that it has expanded its team in Asia to support the continued growth of its business in the region. This expansion will help the company meet the increasing demand for its premium buyside trading service, as well as provide local coverage to its clients."We are committed to providing our clients with the best possible support and experience, and this expansion of our team in Asia is a key part of that commitment," said Raymond McCabe , CEO of Outset Global. "We believe that having a strong local presence is essential for success of our Asia offering, and we are confident that this expansion will help us achieve our goals."Charlie Woodcock has joined the firm as a Managing Director in their Hong Kong office. Charlie started his career in Sydney in the late 90's, and has experience working in Global Investment Banks in a cash/facilitation role (DB) and the risk trading book and execution for an Australian REITS book (BAML).Charlie moved to New York with BAML to cover facilitation trading for the APAC ADR Desk. He then moved to Hong Kong in 2012 wit...

SeaPRwire
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90 jobs to be added with expansion of Labcorp facility in S’pore, as biomedical sector continues to grow

aseanpr
2 minutes

SINGAPORE - Around 90 additional research and engineering jobs will be created in the biomedical sector with the setting up of a new bioanalytical laboratory facility by leading contract research organisation Labcorp, and the expansion of its existing central laboratory here. The combined facility in Jurong East, which is the first of its kind in South-east Asia, "will add cutting-edge capabilities to our thriving biomedical ecosystem" and "make us an even more compelling regional biomedical hub, help us attract more leading-edge investments in the sector", said Trade and Industry Minister Gan Kim Yong on Wednesday (Nov 10) at the facility's launch. "In particular, Labcorp's new Good Laboratory Practice and Good Clinical Practice-compliant bioanalysis and immunochemistry platforms will provide bioanalytical testing services that are critical to early-stage development of biologics and vaccines in Singapore," noted Mr Gan. He said that job opportunities that come with the expansion include those in the healthcare sector, such as nursing coordinators to facilitate decentralised clinical trials, as well as data engineers to develop artificial intelligence technologies to assist in dia...

SeaPRwire

What Xi means by ‘disorderly capital’ is $2 trillion question for investors

elean
5 minutes

SHANGHAI (BLOOMBERG) - If nothing else, Chinese President Xi Jinping is known for his pursuit of order. So how far the Chinese President's attack on the "disorderly expansion of capital" will go has emerged as a defining question for investors trying to navigate the country's wave of regulatory crackdowns. Since first appearing in a Politburo readout in December, the phrase has been employed by government agencies and researchers to explain actions against technology moguls, celebrities and private tutors that fueled a US$1.5 trillion (S$2 trillion) stock rout last month. The slogan, like "common prosperity", is among several Xi-isms feeding concerns that China is tilting away from free markets and back toward more ideologically driven centralised planning. Its meaning, however, is even more mysterious than its egalitarian-sounding cousin. The exact words "disorderly expansion of capital" have appeared only five times in documents directly connected with Mr Xi, according to a Bloomberg News review of nine years of the leader's speeches and meetings. All mentions came in the past 10 months. The phrase has appeared at least 38 times in the People's Daily newspaper, the Communist Part...

SeaPRwire

Singapore non-oil exports see slower 6% growth in April

elean
1 minute

SINGAPORE - Singapore's non-oil domestic exports (Nodx) expanded at a slower pace in April, with growth supported by non-electronics such as petrochemicals and specialised machinery. Shipments grew 6 per cent year on year last month, according to data released by Enterprise Singapore on Monday (May 17). This missed analysts' forecast for an 11.5 per cent expansion, as polled by Bloomberg, and was lower than the revised 11.9 per cent expansion recorded in March. On a month-on-month seasonally adjusted basis, exports declined 8.8 per cent from March. Key electronics exports rose 10.9 per cent year on year for April, compared with the 24.4 per cent expansion the previous month. This was driven by growth in demand for items such as diodes and transistors. Meanwhile, non-electronic Nodx grew 4.7 per cent, following the previous month's 9.2 per cent increase. Shipments to Singapore's top 10 markets as a whole declined in April, due to dips in exports to the United States, European Union and Japan, although Nodx to China, Malaysia, Hong Kong, South Korea and Thailand rose. Total trade surged 26.3 per cent year on year in April to $95.8 billion, continuing the 19.6 per cent expansion recor...

SeaPRwire

Japan factory activity expands at fastest pace since early 2018

elean
2 minutes

TOKYO (REUTERS) - Japan's factory activity expanded in April at the fastest pace since early 2018 on a global demand recovery, a private sector survey showed on Friday (April 30), though new coronavirus curbs cast a shadow over the overall economic outlook. The activity expansion highlights the tailwind manufacturers have been getting from strong external demand, particularly from China, which forms the basis for keeping intact the economic recovery from last year's steep coronavirus drop. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 53.6 in April, its most robust expansion since February 2018. That was up from a flash reading of 53.3 and the previous month's final of 52.7. It meant manufacturing activity came in above the 50.0 threshold that separates contraction from expansion for the third straight month. The PMI survey showed output also grew at its fastest pace since February 2018, while the taking on of new graduates at the start of the country's fiscal year in April and higher capacity needs due to increased orders boosted the rate of job creation. Manufacturers saw input prices rising for an 11th month on high de...

SeaPRwire

South Korea economy grows faster than expected as investment, exports bounce

elean
2 minutes

SEOUL (REUTERS) - South Korea's economic recovery beat expectations in the first quarter, extending the country's export-led recovery and as the government maintained support for ailing small businesses. Gross domestic product (GDP) grew a seasonally adjusted 1.6 per cent in the March quarter from three months earlier, the Bank of Korea said on Tuesday (April 27), faster than the median estimate of a 1.0 per cent growth in a Reuters poll and following a 1.2 per cent expansion in the December quarter. Asia's fourth-largest economy has continued to gain momentum after shrinking 1.0 per cent last year, its worst contraction since 1998, driven by smokestack industries such as chip and electronic manufacturing, mostly for exports. GDP expanded 1.8 per cent year-on-year in the January-March period after shrinking a revised 1.2 per cent three months earlier, also beating an expected expansion of 1.1 per cent. Growth was driven by exports and facility investment, which rose 1.9 per cent and 6.6 per cent quarter-on-quarter, respectively. Private consumption grew at a slower 1.1 per cent on-quarter, after shrinking 1.5 per cent in the previous three months. In early April, South Korea steppe...

ACN Newswire
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百融云创今年首季业绩多点开花 深耕科技赋能 志存高远

tallulah
1 minute

HONG KONG, Apr 16, 2021 - (亚太商讯 via SEAPRWire.com) - 据星岛日报报道，随着科学技术的不断进步，人工智能逐步向社会生活的方方面面渗透。作为中国领先的独立AI技术平台，百融云创（6608.HK）公布2021年第一季度业绩报告，亮点繁多，引起市场广泛关注。百融云创2021年第一季度未经审计营运摘要收入逆势反弹 利润加速增长根据弗若斯特沙利文，按2019年收入计，百融云创为中国最大独立金融大数据分析解决方案供货商，市场份额在2019年约为8.7%，2020年进一步提升至9.0%。在2020年，百融云创实现总收入11.37亿元（人民币，下同）。由于新冠肺炎疫情对经济造成极不利的影响，使其2020年前三季度实现收入7.64亿元，同比暂时性小幅下滑；随着防控措施的有效实施，经济逐步复苏，百融云创的业务于2020年第四季强势反弹，实现收入3.72亿元，较2019年同期的3.40亿元有明显提升，亦使全年收入同比降幅收窄至9.9%。 根据百融云创最新发布的2021年第一季经营摘要，由于疫情后的经济和消费持续改善和2021年第一季金融业对营销的需求快速反弹，百融云创在2021年第一季的总体收入较2020年同期增长92%，达到4.09亿元，其中精准销售及保险分销服务受益于金融业营销需求的快速反弹，公司在2021年第一季度取得了较高的同比增长，与2020年第一季度相比，分别同比增长了293%和93%。由此看来，百融云创已经完全克服疫情带来的冲击，重回正轨，未来可期。利润方面，百融云创于2017年至2020年的经调整后净利润分别为-8,319万元、-161.7万元、1307.1万元及8,004.4万元；2017年至2020年的调整后EBITDA分别约为-5,700万元、3,700万元、8,700万元及16,700万元，其中2020年的同比增幅达到92%。可以看到，百融云创于2019年实现由亏转盈，并在2020年积极应对疫情影响，化危机为动力，净利润实现了5.1倍的高速增长，呈现出逐年向上递增的走势。特别是2020年第四季度，百融云创的经调整后净利润及经调整后EBITDA约为人民币60百万元及84百万元，较2019年同期的人民币13百万元及23百万元增幅巨大，未来有望继续保持火箭式加速态势。深耕科技赋能 依托强大客源领跑赛道百融云创成立于2014年，7年来不断积累与沉淀，深耕赋能服务于金融机构，已然成为中国最大的独立金融大数据分析解决方案供货商，为金融机构更智能的决策提供赋能支持。从客户方面看，截至2021年3月31日，百融云创在中国累计为逾4800名金融服务供货商客户提供服务，包括绝大部分国有银行、逾800家区域银行、绝大部分消费金融公司、100家主要保险公司及其他多家金融服务供货商。其中，百融云创的合作机构包括人们耳熟能详的工商银行...

ACN Newswire
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百融云创今年首季业绩同期增长92%，开启金融SaaS加速模式

tallulah
1 minute

HONG KONG, Apr 16, 2021 - (亚太商讯 via SEAPRWire.com) - 据信报报道，近年来，在人工智能、云计算、SaaS和区块链等新兴技术的推动下，中国金融服务业加速发展，与此同时，技术的快速应用也为中国金融的数据分析行业提供了前所未有的机遇。百融云创2021年第一季度未经审计营运摘要业绩增长开启加速模式 彰显扎实基本功于近期在港上市的百融云创（6608.HK)，根据弗若斯特沙利文，按2019年收入计，公司是中国最大的独立金融大数据分析解决方案供货商，市场份额在2019年约为8.7%，2020年进一步提升至9.0%，在行业内拥有领导地位，被称为SaaS第一股，公司近年来成长迅速。据公司最新2021年一季度经营摘要显示，随着服务金融机构客户覆盖数量和客户需求的持续增长，公司数据分析服务保持高速增长；同时受惠于疫情后经济和消费的改善，金融业对于营销获客的需求在2021年伊始快速反弹，公司在一季度服务于金融机构的精准营销服务及保险分销服务取得较高同比增长，公司在2021年第一季度实现营收4.09亿元（人民币，下同），同比增幅高达到92%。综观过往业绩数据表现，2017-2019年，公司实现收入分别为3.54亿元、8.58亿元以及12.62亿元，三年便实现了3.5倍的业绩增长，在行业内可谓是屈指可数。虽然2020年因疫情的短期影响，公司营收出现了小幅下滑，但第四季度的单季度营收达到3.72亿元，同比增长10%，最终全年仍实现营收11.37亿元。与收入高增长伴随着的是净利润更有质量的增长。在净利润方面，2017-2019年及2020年，公司经调整后净利润分别为-8,319万元、-161.7万元、1,307.1万元和8,004.4万元。2019年和2020年的经调整后EBITDA分别为8,738万元和1.67亿元，同比增幅92%，2020年经调整后净利润逆势增幅达到512%，净利润呈现快速增长态势。技术实力赢得市场认可 客户数量持续增长如果单从营收及净利润增长数字来看，百融云创的业绩增长已足够亮眼，但是从细节拆分来看，百融云创增长的“质量”却更有保障。数据显示，截止2021年3月31日，百融云创在中国累计为逾4,800名金融机构客户提供服务，包括绝大部分国有银行、逾800家区域银行、绝大部分消费金融公司、100家主要保险公司及其他金融机构。在核心客户方面，公司的核心客户（年度贡献收入超30万元的持牌金融机构）也在不断增加。数据显示，2017-2020年，公司的核心客户已从62名迅速跃升至237名。同时由于订阅制的SaaS付费模式，核心客户具有较高的客户粘性，公司的核心客户留存率由2019年的89%在2020年进一步提升至96%。同时核心客户的Net Dollar Expansion Rate即次年收入扩展率在2019年达到了125%，2...