ACN Newswire

China Securities Initiates Yeahka at BUY

indie
3 minutes

HONG KONG, Mar 11, 2021 - (ACN Newswire via SEAPRWire.com) - Chinese investment bank China Securities initiates coverage on YEAHKA LIMITED (9923) with a BUY rating. In the initiation research report headlined "A Technology-enabled, Industry-leading Mobile Payment Company", China Securities equity research analyst Ran Zhao is bullish on Yeahka's addressable market, recognizing the Company's core competitiveness as "product + channel + ecosystem". Key takeaways from the research report include:Competitive landscape: Market concentration likely to increase - UnionPay, Lakala and Yeahka are the leading players among third-party non-financial payment service providers. While Yeahka is slightly behind the two peers in terms of transaction volume, it has a larger number of transaction counts. China Securities' research estimates the market share of these three leading players in China is no more than 30%. Entry barriers: Limited number of payment licenses - There are only 31 non-financial payment service providers with national payment licenses in China up to date, of which 16 own a mobile payment license. It is expected that the PBOC will not issue additional payment licenses with ongoin...

ACN Newswire

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

indie
2 minutes

HONG KONG, Mar 10, 2021 - (ACN Newswire via SEAPRWire.com) - CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an "outperform" rating and a target price of HK$98.20. CICC is upbeat on Yeahka's dual-growth-driver (payment + value-added services) business model and the growth potential of the Company's QR code payment and marketing services.Key takeaways from the report include:Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka's high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume. Value-added businesses: Huge room for commercialization based on its "data + scenario + traffic" business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka's revenue and profit growth; 2) Merch...

ACN Newswire

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

indie
2 minutes

HONG KONG, Mar 10, 2021 - (ACN Newswire via SEAPRWire.com) - CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an "outperform" rating and a target price of HK$98.20. CICC is upbeat on Yeahka's dual-growth-driver (payment + value-added services) business model and the growth potential of the Company's QR code payment and marketing services.Key takeaways from the report include:Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka's high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume. Value-added businesses: Huge room for commercialization based on its "data + scenario + traffic" business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka's revenue and profit growth; 2) Merch...

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CITIC Telecom Announces 2020 Annual Results

indie
9 minutes

HONG KONG, Mar 4, 2021 - (ACN Newswire via SEAPRWire.com) - CITIC Telecom International Holdings Limited ("CITIC Telecom" or the "Group"; stock code: 1883), a leading international integrated telecommunications and information and communications technologies services provider in Asia, reported profit attributable to equity shareholders of HK$1,023 million for the year ended 31 December 2020, representing a year-on-year increase of 2.1%, or a 4.4% increase if the effect of investment property valuation is excluded.(from left to right): Mr. Esmond LI, Chief Financial Officer, Mr. XIN Yue Jiang, Chairman and Mr. CAI Dawei, Chief Executive Officer The Group generated revenue from telecommunications services of HK$7,978 million, representing an approximate 7.9% growth over the corresponding period in the previous year. The Group's total revenue amounted to HK$8,923 million. Basic earnings per share was up 1.5% year-on-year to HK27.9 cents.The Board has recommended a final dividend of HK16.0 cents per share for 2020. Together with the 2020 interim dividend of HK5.0 cents per share, total dividends per share for 2020 amounted to HK21.0 cents, representing 5.0% growth over the correspondin...

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A & S Group assisted in vaccines air freight forwarding ground handling services to support anti-virus measures actively

indie
2 minutes

HONG KONG, Mar 4, 2021 - (ACN Newswire via SEAPRWire.com) - A & S Group (Holdings) Limited ("A & S Group" or the "Company") is pleased to announce that the Company, with its professional and efficient services, is honored to engage in the air freight forwarding ground handling services for vaccines arriving in Hong Kong at Cathay Pacific Cargo Terminal, thus contributing to the fight against the COVID-19 pandemic.The first batch of one million doses of Sinovac vaccines arrived in Hong Kong on the afternoon of February 19th. After the vaccines arrived at the airport port, they were immediately towed to Cathay Pacific Cargo Terminal, which are transported and processed with the assistance of the ground crew of A&S Group.. With the arrival of the vaccines in Hong Kong, the professional ground staff of A&S Group immediately took safe and quick measures to help delivering the vaccines so that the public could get vaccinated as soon as possible, A&S is honoured to be participated in one of the important milestones in the fight against COVID-19. LAW Kwok Leung, Chairman and Executive Director of A & S Group said, "We are very pleased to participate in the air freig...

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A&S Group assisted in vaccines air freight forwarding ground handling services to support anti-virus measures actively

indie
2 minutes

HONG KONG, Mar 4, 2021 - (ACN Newswire via SEAPRWire.com) - A&S Group (Holdings) Limited ("A&S Group" or the "Company") is pleased to announce that the Company, with its professional and efficient services, is honored to engage in the air freight forwarding ground handling services for vaccines arriving in Hong Kong at Cathay Pacific Cargo Terminal, thus contributing to the fight against the COVID-19 pandemic.The first batch of one million doses of Sinovac vaccines arrived in Hong Kong on the afternoon of February 19th. After the vaccines arrived at the airport port, they were immediately towed to Cathay Pacific Cargo Terminal, which are transported and processed with the assistance of the ground crew of A&S Group.. With the arrival of the vaccines in Hong Kong, the professional ground staff of A&S Group immediately took safe and quick measures to help delivering the vaccines so that the public could get vaccinated as soon as possible, A&S is honoured to be participated in one of the important milestones in the fight against COVID-19. LAW Kwok Leung, Chairman and Executive Director of A & S Group said, "We are very pleased to participate in the air freight f...

JCN Newswire
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Chubu Miraiz and MC to Launch New Assisted-Living JV

ruth
2 minutes

TOKYO, Feb 24, 2021 - (JCN Newswire) - Chubu Electric Power Miraiz Co., Inc. (Chubu Miraiz) and Mitsubishi Corporation (MC) are pleased to announce their decision today to establish a new joint-venture company that will specialize in providing assisted-living services across Japan. Named Chubu Electric Power Miraiz Connect Co., Inc., the new company will commence operations in April 2021, covering a wide range of services designed to improve citizens' quality of life, including monitoring of elderly relatives, assistance with child raising, and general food and healthy-lifestyle services. Driven by a mission to develop lifelong customer connections, the new company will endeavor to provide solutions to the diversifying needs of daily life by effectively integrating the respective strengths of its parents with digital technologies. Built up through its energy-supply operations, Chubu Miraiz brings to the partnership an expansive customer network, while the benefits of MC's involvement come from its broad industry connections and business expertise. Among the services offered by the new company will be home deliveries of side dishes and fresh foods from the membership warehouse club ...

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BitFuFu Officially Endorsed by Bitmain as Standardized Crypto Mining Platform

indie
4 minutes

HONG KONG, Feb 22, 2021 - (ACN Newswire) - BitFuFu, the world's first crypto mining standardization platform, has been selected by crypto mining giant Bitmain to standardize the industry. The partnership is expected to collaborate to foster innovation in crypto mining. Bitmain will be supporting the BitFuFu platform with its mining resources, including machines, pools, and farms.BitFuFu, the first crypto mining standardization platform, officially announces a strategic partnership with Bitmain, the largest crypto mining company. Bitmain and BitFuFu will pool their resources to offer their worldwide clients standardized crypto mining services. These services will be backed by industry-leading networks and resources, including mining machines, pools, and farms.Bitmain will use its extensive resources, including tight operating and maintenance management systems and a stable power supply from its mining farm, to ensure a premium user experience to BitFuFu clients. Bitmain will also give BitFuFu users access to trusted service providers endorsed by Bitmain such as Antpool, one of the world's largest multicoin mining pools and a long-standing partner of Bitmain. BitFuFu, in turn, will s...

JCN Newswire
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Northgate Public Services Becomes NEC Software Solutions UK from July 2021

ruth
4 minutes

TOKYO, Feb 22, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) and Northgate Public Services (NPS) today announced a name change that means from July 2021, NPS will become NEC Software Solutions UK.The new name brings NPS under the global NEC brand, strengthening the company's position as a market leader in the development of cutting-edge software and services for the local government, police, health and housing sectors.Tina Whitley, CEO designate of Northgate Public Services, said, "Since being acquired by the NEC group in 2018, our customers have benefited from over £71 million of investment, comprising £42 million on products and £29 million for acquisitions. This has enabled us to develop innovative solutions and services to meet continually changing market needs. "We've transformed our cloud first enterprise housing software to become the market leader. Our policing system, Connect, has evolved so that police officers can access information about crimes, victims and suspects while on the beat, and in health, we have evolved to become the foremost supplier of non-cancer screening services in the UK."NEC values our expertise. They believe in what w...

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JCB expands Global Ecommerce and JCB Contactless Enablement across Europe with Worldline

indie
4 minutes

PARIS & TOKYO, Feb 9, 2021 - (ACN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Worldline, a European leader in the payments and transactional services industry, announce the expansion of their partnership. This established relationship has pivoted to support both the exchange of global ecommerce and the growth of JCB Contactless enablement across Europe.Previously, the two brands coordinated to support digital shopping outside of Europe and worked to enable JCB Contactless in regions such as Switzerland, Austria, Belgium, Luxembourg, Slovenia, Belgium, and Poland. Now, their collaboration will make room for more of Worldline's merchants to accept face-to-face contactless payments in other European markets from Q2 2021, especially in Nordic regions. Additionally, Worldline merchants around the globe can now welcome online JCB cardmember transactions. JCB's security payment authentication programmes - J/Secure(TM) 1.0 and J/Secure(TM) 2.0 - will be implemented for online commerce.Worldline and JCB's partnership cements the promise of both companies to provide a simple, enhanced pay...

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HDB launches new app for shoppers at Oasis Terraces in Punggol

aseanpr
3 minutes

SINGAPORE - Those who buy from shops at HDB shopping complex Oasis Terraces in Punggol can now use an app to redeem points that can be exchanged for items such as parking credits and gifts as part of a pilot initiative. They can also use the app, ShopperLink, to access a comprehensive directory that lists the shops and services that are available in the mall, view products and services offered by retailers, as well as find out about ongoing events and programmes at the mall. "This will help heartland retailers to transform their business models, keep pace with the evolving retail landscape, and provide more personalised services to shoppers," said the Housing Board in a statement on Sunday (Jan 31), adding that the move to roll out the app was made in response to feedback gathered from heartland retailers in 2019. Another app, RetailerLink, will complement the ShopperLink app. HDB shops can upload their product and service offerings on the app, and use a chat function to respond to customers' inquiries, among other things. New functions will eventually be added, said the HDB, such as those that enable shop owners to book event space and access reports on sales data. So far, about 9...

SeaPRwire
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Me & My Career: Veteran enjoys helping clients to meet environmental goals

elean
7 minutes

SINGAPORE - Environmental sustainability is a hot topic now, but the history of the environmental services sector in Singapore is quite short compared with European countries, Japan or South Korea, says Mr Lim Chin Khuang. Still, the Republic has made strides in that area, says the managing director of environmental services company Tee Environmental. "There's a lot of technology being employed today, a lot of data we can gather to assist the authorities in formulating policies. People are becoming more and more conscious about waste output and ways of recycling," Mr Lim, 55, an industry veteran of two decades, says. "As a service provider, I have a chance to be very actively involved in working with various parties to help in this push," he adds. Mr Lim worked at Sembcorp Environment for 17 years and was senior vice-president before joining Tee Environmental two years ago. Tee Environmental serves primarily commercial and industrial clients with its more than 400 vehicles and waste containment systems across Singapore. Its services include collecting waste and processing recyclables. It has more than 300 staff in Singapore and operates out of three facilities, including a dedicate...

SeaPRwire
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Sea and Gojek can target Indonesia’s 83 million who lack bank access

elean
4 minutes

JAKARTA (BLOOMBERG) - Sea Ltd and Gojek are snapping up Indonesian lenders, betting they can make headway into one of the world's largest unbanked markets. The buying spree is set to continue as financial technology firms set their sights on the nation's more than 175 million Internet users, many of whom rely on online banking services. Sea has purchased PT Bank Kesejahteraan Ekonomi this year, while Gojek made its biggest fintech investment by spending about US$160 million (S$212.9 million) to boost its stake in PT Bank Jago in December. While Indonesia is by far the largest fintech market in South-east Asia, it's one of the few that don't license digital-only banks. The UK, Hong Kong and Singapore have allowed virtual lenders, while neighboring Thailand and the Philippines are actively studying the matter. That means acquisitions are the only way into Indonesia and the Financial Services Authority is pushing for more consolidation among its more than 1,600 commercial and rural banks in lieu of issuing new licenses. Fintech firms should "cooperate with existing banks like what has happened so far," said Wimboh Santoso, who heads the regulator. "Banks aren't prohibited from working...

SeaPRwire
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More than 9,200 job openings in food services sector as of end-December

aseanpr
1 minute

SINGAPORE - The food services sector is continuing to pick up speed with its hiring, with over 9,200 job openings posted as at Dec 31 on the MyCareersFuture portal, said the Ministry of Manpower (MOM) on Friday (Jan 22). Around 37 per cent of these jobs are for professionals, managers, executives and technicians (PMETs) and include roles such as food and beverages services managers and sales, marketing and business development managers. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

ACN Newswire
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Bityard: Building Competitiveness Through Diverse Trading Services with High Market Data Accuracy and Stability

indie
4 minutes

Recently, the Bitcoin price has been increasing significantly. On January 8th, 2021, it has reached $41,000 updating its all-time high, and even exceeded the market cap of Visa. The rise of Bitcoin attracted a lot of investors in 2017. Right now, many financial analysts have predicted that, in the long run, the price of Bitcoin will still keep going up, and the market will grow much bigger, so will the investing needs from global investors. The needs include crypto spot trading and contract trading. During the Christmas holidays in 2020, Bitcoin hit $27000. The value of Bitcoin didn't decrease as many investors had expected, and it resulted in big loses of many crypto contract traders due to forcedly closed short positions. The total loses from global contract traders were over $500 million in one day, which also shows that there is an enormous number of investors in the crypto market. The crypto contract trading has become popular since 2014 as BitMEX, one of the mainstream digital currency future exchange, was established and provided perpetual contract services with high range leverage, and eToro, a well-known social trading platform, started to offer cryptocurrency CFD (contrac...

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Moonstake Enters Into MOU to Commence Negotiations with SGX-listed OIO Holdings to Become a Subsidiary

indie
4 minutes

SINGAPORE, Jan 21, 2021 - (ACN Newswire) - As of 20th of Jan, Moonstake announced that it signed an MOU with OIO Holdings Limited (OIO), a Singapore Stock Exchange (SGX) listed company, to begin negotiations for OIO to make Moonstake a wholly owned subsidiary.Moonstake debuted its staking business last year with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly staking wallets for both Web wallet and Mobile Application Wallet (iOS/Android) that are compatible with over 2,000 top cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets grew rapidly to reach USD 50 Million. By December, staking assets grew to USD 100 Million and currently, over USD 200 Million. Within a year since its establishment, the company was ranked in the top 20 of the world's 1,692 providers of staking services, and it continues to expand its business strongly.Moonstake has partnered with more than 10 public blockchains such as Emurgo (one of Cardano's constituent corporations), NEO, Ontology and QTUM, collaborated with reputable DeFi projects and added leading Blockchain experts as advisors. Moonstake's a...

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Messaging apps Regain Control and Privacy with PunkPanda

indie
4 minutes

LONDON, Jan 20, 2021 - (ACN Newswire) - PunkPanda, a UK-based technology startup, has launched a series of products to help Internet users and businesses reduce the risks of digitizing by providing military-grade encryption and all-around security. PunkPanda co-founder Matthew Connelly is creating a platform where people can communicate securely without worrying about privacy or security breaches. The company's ultimate goal is PunkPanda Universe, a communication ecosystem of commonly used tools to meet the needs of both personal and business users.PunkPanda's ecosystem includes PandaChat, PandaPost and PandaMeet, with PandaVault coming soon.Offering military-grade encryption to protect usersFor most Internet users, online communication services have been an essential part of our lives since the invention of the Internet and instant messaging. Now, they have become even more important to us, especially in the wake of outbreaks where physical interaction is a high-risk move for everyone.But online communication can be extremely risky. With any luck, people's data could end up being mined by large companies. But if unlucky, hackers could lock a user's passwords, banking information a...

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Woman charged with illegal transfers involving funds from scam victims

aseanpr
3 minutes

SINGAPORE - A woman who allegedly provided illegal transfers involving money from victims of online scams was hauled to court on Tuesday (Jan 19). Maslenie Mohamed Ramli, 38, was slapped with two charges under the Moneylenders Act and one charge under the Payment Services Act. According to court documents for the charge under the Payment Services Act, she allegedly provided domestic money transfer services and received $4,855 across 13 transactions to her POSB account in May last year for the purpose of carrying out transactions to a local bank account. She did not have a valid licence to do so and was not an exempt payment provider. The police said she claimed to have responded to a job advertisement online and was employed as an account personnel to perform the bank transfers. Maslenie was allegedly promised a daily commission for assisting in providing payment services using her bank account. The funds, however, were found to be proceeds of crime from victims of online scams. The two charges under the Moneylenders Act pertain to her allegedly assisting an unlicensed moneylender by providing her ATM cards to him in 2018. She told the court on Tuesday that she is disputing the cha...

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14th Asian Financial Forum opens today

indie
11 minutes

Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneurChaired by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, the panel's distinguished speakers included Pierre Gramegna, Minister for Finance of Luxembourg; Jin Liqun, President & Chairman of AIIB; Bandar M H Hajjar, President, Islamic Development Bank Group; Marcos Troyjo, President, New Development Bank; Teresa Czerwinska, VP, European Investment Bank; and Sean Fleming, Minister of State at the Department of Finance of Ireland The policy dialogue session this morning was themed "Policy Responses to COVID-19", with distinguished speakers including Ahmed Alkholifey, Governor of the Saudi Central Bank; Jessica Chew, Deputy Governor of Central Bank of Malaysia; Ryozo Himino, Commissioner of the Financial Services Agency of Japan; and Martin Raiser, Country Director, China and Mongolia, and Director, Korea of the World BankCarrie Lam, Chief Executive of the HKSAR, officiated at the forum's opening ceremony, saying that the COVID-19 pandemic has brought both risks and opportunities. She explained that although participants from around the world were not physically...

SeaPRwire

Banks enhance e-payment services as sector opens up

elean
1 minute

Consumers can expect a wider variety of digital payment services this year as traditional players enhance their offerings amid greater competition in the banking sector. DBS Bank, OCBC Bank and UOB plan to roll out more personalised content, strengthen their focus on partnerships and make the payment journey more seamless for users. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.