HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 4 November 2024 – Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – Stock code: HDB) announces its 9 months business results with profit before tax reaching VND 12,655 billion (US$500 million), an increase of 46.6% year-on-year, achieving 79.8% of the full-year targets.
HDBank achieved a strong ROE of 26.7% and an ROA of 2.2%, placing it among the leading banks in the sector. HDBank continued its track record of regular dividend payouts by implementing a 30% dividend for 2023. This included a 10% cash dividend paid in July, and the Bank is now finalizing the procedures for a 20% stock dividend. This positive business performance reaffirms HDBank’s position among the top universal banks with a solid foundation, strong financial health, and ability to maintain high and continuous growth for many consecutive years, with good profitability ratios.
HD SAISON, the consumer finance arm of HDBank, continued its strong recovery, with its loan book growing 15% YoY.
Profit before tax surged by 126% to reach VND 906 billion (US$35.8 million), achieving an ROE of 22.9%, making it one of the most profitable consumer finance company in the sector.
As of September 30, 2024, HDBank reported total consolidated assets of VND 629 trillion ($24.8 billion), reflecting a YoY increase of 23.9%.
Similarly, total funding mobilization reached VND 559 trillion ($22 billion), demonstrating a 24.8% rise YoY. The Bank also recorded a total outstanding loan balance of VND 412 trillion (16 billion), marking a 16.6% increase since the beginning of the year.
HDBank strategically directs credit flows towards key sectors driving economic growth, including rural agriculture, small and medium enterprises (SMEs), value-chain finance, household businesses, traders, and green credit initiatives.
The non-performing loan ratio as prescribed by the State Bank is only 1.46%, lower than the sector average; Capital Adequacy ratio (CAR) of 14.8% under Basel II standards. Other prudential indicators are at healthy levels, demonstrating the effectiveness of HDBank’s sustainable development strategy, which comprehensively integrates ESG factors.
With these positive results over the first nine months, HDBank has solidified its position among leading banks in the sector. The Bank is well-positioned to maintain high and continuous growth, ensuring the successful completion of the General Meeting of Shareholders’ plan.Hashtag: #HDBank
The issuer is solely responsible for the content of this announcement.
RIYADH, SAUDI ARABIA – Media OutReach Newswire – 3 November 2024 – Sahm Capital is pleased to announce that retail investors can now subscribe to the highly anticipated Tamkeen Human Resources Co. Initial Public Offering (IPO) through the Sahm App [https://sahmcapital.onelink.me/Wjbt/oamyoiri].
Tamkeen, a leading company in the Saudi human resources sector, has set its final IPO offer price at SAR 50 per share, following a successful institutional book-building process. The IPO has already garnered impressive interest from institutional investors, with subscription coverage reaching approximately 138.2 times the offer size.
As part of the IPO, 7.95 million shares have been floated on the Main Market, representing 30% of Tamkeen’s SAR 265 million capital. A maximum of 1.59 million shares, or 20% of the total offering, has been allocated for individual retail investors. The retail subscription period is from November 5-6, 2024.
Retail investors can take advantage of this unique opportunity by subscribing to the Tamkeen IPO directly through the Sahm App. With the Sahm App, investors can enjoy real-time status updates throughout the entire subscription journey—from application to allotment—keeping them informed at every stage. This approach ensures equitable access to critical information, leveling the playing field for retail investors.
The Sahm App provides comprehensive IPO information, including current offerings, upcoming listings, and future opportunities. It also offers educational materials, tutorials, and customer support to help investors—especially those new to IPOs—navigate the process confidently. By integrating IPO services with other investment tools on the same platform, the Sahm App enables investors to manage their portfolios, trade, and track IPOs all in one place, creating a cohesive and efficient experience.
About Sahm Capital:
Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: www.sahmcapital.com
About Sahm App: Developed by Sahm Capital, the Sahm App is a proprietary platform specifically designed for investors in Saudi Arabia. It enables users to trade seamlessly across both the Saudi and U.S. markets, all at their fingertips. With its user-friendly interface and a diverse range of investment options, the Sahm App has quickly become one of the top three free finance apps in the Kingdom.
Disclaimer： Please note that trading in financial markets involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not in any way a recommendation or advice to sell or purchase any financial instruments, bonds, or other investments. We strongly recommend consulting a specialized financial advisor before making any investment decisions to ensure that these investments are suitable for your expertise, financial circumstances, and investment goals.
Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offering or the information provided. Hashtag: #SahmCapital #CMA #IPO
The inaugural “Hope: Lao Contemporary Art Exhibition” (LCAE) opened in Vientiane on 31 October. Running from 1 November to 10 November at Parkson Mall, the exhibition brings together leading Lao contemporary artists and children with hearing impairments, the exhibition explores various facets of society, culture, and hope through diverse artistic expressions.
HONG KONG SAR – Media OutReach Newswire – 1 November 2024 – On the evening of October 31, 2024, Alpha Technology Group Limited. (NASDAQ: ATGL), Hong Kong’s first AI company, successfully held a Halloween celebration for the first anniversary of its public listing at Pier 1929 of Wan Chai Pier, Hong Kong, attracting more than 300 esteemed guests in this great event.
Cake Cutting Ceremony with ATGL Senior Manager Mr. Lucas Tsang, Ms.Edith Tang, Prof. Alice Chiu, BBS, JP, the Executive Director and President of ATGL Mr. Anthony Tsang (Zichen), Ten Outstanding Young Persons Mr. Peter Chan and Morningstar Senior Manager Mr. Kelvin Choy. (From left to right)
The celebration was themed after the “New York Time Square Halloween Event”, and the site decoration imitated the bright night view of Times Square in New York, creating a vibrant festive atmosphere. The guests from all walks of life dressed in a variety of Halloween-themed costumes, colorful and enthusiastically participated in the activities, and took photos to record this unforgettable night.
On-site at ATGL’s First Anniversary
During the event, ATGL meticulously prepared a variety of wine and gourmet food for the guests. In addition, several photo booths were set up for guests to show off their creative outfits and capture wonderful moments. Lucky draws and the winners pushed the atmosphere of the event to a climax.
Group Photo for Celebrating Halloween and ATGL’s First Anniversary
As a highlight of the event, the Executive Director and President Anthony Tsang (Zichen), delivered a heartfelt toast. In his speech, he reviewed ATGL’s development over the past year, expressed his gratitude to all business partners, employees, customers and guests for their support, and looked forward to the company’s future innovations and breakthroughs in AI. Tsang said, “Today’s celebration is not only an affirmation of the past year, but also a new starting point for our future. Thank you all for your companionship and support, and let us look forward to ATGL achieving more brilliant achievements in the AI field!” Hashtag: #AlphaTechnologyGroupLimited #ATGL #AnthonyTsang #Zichen #AI #Techlution #Nasdaq
The issuer is solely responsible for the content of this announcement.
About Company
Our company is the first Hong Kong-based AI company listed on Nasdaq (Nasdaq: ATGL). We focus on AI-related technologies with ERP systems to provide AI-driven automation processes to our customers.Our mission is to assist companies of all sizes alkie on digital transformation with solutions which are ESG (environmental, social and governance) sustainable and compatible for long-term growth.
Our AI solution helps businesses manage communications with Al, prioritizing key messages and automating tasks. It streamlines workflows, reduces delays, and boosts efficiency, while supporting growth, ESG goals, and digital transformation.
Special Working Group Committed to Strengthening Chinese Investment in Preah Sihanouk Province
HONG KONG SAR – Media OutReach Newswire – 1 November 2024 – The Preah Sihanouk Province Investment Promotion Working Group is set to launch a two-city “Invest in Preah Sihanouk Province Roadshow” in Xiamen and Hong Kong on October 30 and November 1, 2024. This initiative aims to foster investment in Cambodia’s emerging economic hub, Preah Sihanouk Province, by showcasing the region’s strategic advantages, robust infrastructure, and supportive government initiatives.
Delegates and Speakers at the Invest Preah Sihanouk Province Hong Kong Roadshow. From left to right: H.E. IM Sokthy, Chief Secretariat of Preah Sihanouk Province Investment Promotion Working Group; H.E. NUT Unvoanra, Deputy Secretary General of the Cambodian Investment Board; Mr. Rithy SEAR, Chairman of WorldBridge Group; H.E. Dr. PHAN Phalla, Vice Chairman of Preah Sihanouk Province Investment Promotion Working Group; H.E. LONG Dimanche, Deputy Provincial Governor of Preah Sihanouk Province; H.E. CHEA Kok Hong, Secretariat Director of MPSEZ for Preah Sihanouk Province Masterplan; Mr. Kenny Yeung, Deputy CEO, Bank of China (Hong Kong), Phnom Penh Branch; and Mr. Li Qijun, Chief Planner, Urban Planning & Design Institute of Shenzhen.
Designated as a Multi-Purpose Special Economic Zone (MPSEZ), Preah Sihanouk Province is poised for significant investment growth. It offers strategic advantages for Hong Kong investors, including a deep-water port and access to emerging markets within Cambodia’s expanding economy. The MPSEZ, paired with a growing tourism sector, creates diverse opportunities across various industries, making it an attractive long-term investment destination. The Master Plan aims to transform Preah Sihanouk Province into a regional logistics hub, further establishing the province as an international gateway for trade, finance, and tourism. By emphasising sustainable development and innovation, Preah Sihanouk Province presents compelling opportunities for high-value investments.
As a showcase of strong commitment from the government and the Prime Minister, Dr. HEAN Sahib, Advisor to Prime Minister of Cambodia; Secretary of State, Ministry of Economy and Finance; Chairman of Preah Sihanouk Province Investment Promotion Working Group, was appointed as Chairman of Preah Sihanouk Province Investment Promotion Working Group. Dr. HEAN Sahib stated that “This roadshow is not just an event; it is a collaborative forum designed to facilitate meaningful conversations and partnerships. We are eager to share the unique advantages of investing in Preah Sihanouk, from our strategic location to our rich cultural heritage, and we invite you to engage in discussions that can lead to innovative solutions for both challenges and opportunities.”
Guests actively listen to the presentation during the investment roadshow, demonstrating strong interest in the potential of Preah Sihanouk Province as a prime investment destination.
H.E. Dr. PHAN Phalla, Secretary of State at the Ministry of Economy and Finance and Vice Chairman of the Preah Sihanouk Province Investment Promotion Working Group, stated, “Our distinguished guests from Hong Kong are poised to gain a comprehensive insight into the vast potential and incentives offered by Preah Sihanouk Province. We envision a trajectory of mutual growth, underpinned by our unwavering belief in the expansion of Cambodia’s economy extending to Preah Sihanouk Province. Your interest and investment will play a pivotal role in solidifying the province’s position as a hub for tourism, logistics, manufacturing, construction and finance. The government is steadfast in its commitment to elevating this region into a premier destination for industry, tourism, and investment through the ‘Special Program to Promote Investment in Preah Sihanouk Province 2024.’ This strategic initiative not only addresses existing challenges but also nurtures a conducive business environment, bolstered by our streamlined ‘One-Stop-Window’ for investment facilitation. Furthermore, we are thrilled to unveil the establishment of the new MPSEZ, aimed at diversifying our economy and enhancing our reputation as an international gateway. We eagerly anticipate the opportunity to engage with our esteemed counterparts in Hong Kong, as we explore a multitude of collaboration prospects in Preah Sihanouk Province.”
Furthermore, the deepening relationship between the Hong Kong government and Cambodia underscores the potential for collaboration. Recent initiatives include the exchange of 13 Memoranda of Understanding (MoUs) and engagements in the Belt and Road Initiative, culminating in several business agreements. A significant tax agreement signed in late 2019 further emphasises the commitment to avoid double taxation and prevent fiscal evasion related to income taxes. As Hong Kong investors seek new avenues for growth, the upcoming roadshow offers a unique opportunity to explore the promising prospects in Preah Sihanouk Province with his pact highlighting both Hong Kong and Cambodia’s dedication to nurturing a transparent and mutually advantageous economic partnership.
The roadshow aims to facilitate networking between Hong Kong business leaders and key agencies from Cambodia, including the Ministry of Economy and Finance (MEF) and the Council for the Development of Cambodia (CDC), as well as representatives from the private sector. Leading the delegation is His Excellency Dr. PHAN Phalla, Secretary of State at the Ministry of Economy and Finance and Vice Chairman of the Preah Sihanouk Province Investment Promotion Working Group, whose vision and leadership are instrumental in advancing Cambodia’s economic landscape. He is accompanied by esteemed officials, including H.E. IM Sokthy, Chief Secretariat of the Preah Sihanouk Province Investment Promotion Working Group; H.E. NUT Unvoanra, Deputy Secretary General of the Cambodian Investment Board; H.E. CHEA Kok Hong, Secretariat Director for the Multi-Purpose Special Economic Zone Masterplan; H.E. LONG Dimanche, Deputy Governor of Preah Sihanouk Province; Mr. Rithy SEAR, Chairman of Worldbridge Group; and Mr. Kenny YEUNG, Deputy CEO of Bank of China (Hong Kong) Phnom Penh Branch.
The issuer is solely responsible for the content of this announcement.
About Preah Sihanouk Province
Preah Sihanouk Province is in southwest Cambodia, a deep-water port city that is rapidly growing and diversifying. It is a province with high potential for attracting investment, with a favourable location for tourism development, main infrastructure, such as deep-sea ports, airports, and expressways to serve for the investment, and some existing big special economic zones.
About Ministry of Economy and Finance
The Ministry of Economy and Finance (MEF) is responsible for administering financial and economic policy in Cambodia. Established by the Royal Government, the MEF guides and oversees economic and financial affairs to foster development and enhance the lives of citizens, adhering to principles of market economy and social equity.
About Preah Sihanouk Province Investment Promotion Working Group
Preah Sihanouk Investment Promotion Working Group is an inter-ministerial mechanism acting as a “One-Stop-Window”, responsible for leading, coordinating and implementing this special program, including measures to resolve unfinished investment projects in Preah Sihanouk province.
HONG KONG SAR – Media OutReach Newswire – 1 November 2024 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, wrapped up his Middle East visit (October 31) by meeting top officials in Saudi Arabia, witnessing the signing of various bilateral memoranda of understanding (MoUs) and delivering a keynote speech at the “Future Investment Initiative” (FII).
Hong Kong’s Financial Secretary, Paul Chan, speaks at the Future Investment Initiative Plenary Session.
In his speech at the session titled “Where is the New Silk Road?”, Mr Chan said Hong Kong has actively participated in and benefited from the Belt and Road Initiative, also known as the New Silk Road.
“Over the past decade, Hong Kong has played a vital role in its growth too. For instance, our external trade with Belt and Road economies has increased by around 60 per cent,” Mr Chan said, adding that Hong Kong’s strategic vision to become an international green tech and green finance centre can contribute to the achievement of this common aspiration in many ways.
“First, we can address the funding gap. Hong Kong, as one of the top three international financial centres, along with New York and London, and Asia’s green finance leader, is well positioned to mobilise capital to support the green transition by matching quality projects with funding.
“Second, we can address the technology gap. Hong Kong is home to many green tech start-ups, all sharing the mission to develop technological solutions that combat climate change, which may well fit in the relevant strategies of economies in the MENA (Middle East and North Africa) region.
“Third, we can address the knowledge gap. That means linking up people, projects and knowledge. Hong Kong is a compact city, yet has solid experience in city planning and operations, and managing large-scale infrastructure projects.”
A number of Hong Kong organisations and enterprises sign co-operation agreements with their Saudi counterparts during the Future Investment Initiative.
While attending the FII, Mr Chan witnessed the signing of cooperation agreements between a number of Hong Kong organisations and enterprises with their counterparts in Saudi Arabia. These included an MoU between the Hong Kong Monetary Authority and the Saudi Arabia Public Investment Fund (PIF) to jointly establish a new investment fund of up to US$1 billion. This fund will invest in sectors such as manufacturing, renewables, fintech, and healthcare, promoting the development of enterprises from Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area in Saudi Arabia, while strengthening Hong Kong’s position as an international financial centre.
Mr Chan also attended the listing ceremony of the SAB Invest Hang Seng Hong Kong Exchange Traded Fund at the Saudi Exchange. Developed in collaboration with Saudi Awwal Bank’s subsidiary, SAB Invest, this product provides Middle East investors with opportunities to invest in Hong Kong’s capital markets.
“The vision of a Green Silk Road presents a unique opportunity for us to collaborate on fostering sustainable, resilient, and inclusive development for future generations,” Mr Chan said. Hashtag: #hongkong #brandhongkong #asiasworldcity #middleeast #newsilkroad #beltandroad
Enticing promotions to thank customers for their support
HONG KONG SAR – Media OutReach Newswire – 1 November 2024 – Outback Steakhouse celebrates its 25th anniversary in Hong Kong. As a token of appreciation to its customers for their support over the years, it is launching five special offers across all the 10 stores.
Themed “A Journey of Flavors, a Sharing of Taste”, the promotional video is about a father and son who work together to solve any challenge they face, symbolizing Outback’s growth with customers over the years.
The 5 celebratory promotions include: Flavor Launch: Discount for selected dishes
November 1 to 14: Enjoy 25% off for selected lobster dishes, including Canadian Lobster Spaghetti with Creamy Tomato Sauce $148 (orginal price: $198) and Mega Canadian Lobster Roll $140 (original price: $188).
November 15 to 30: Half price for the second steak, applicable for all steak dishes in the Daytime Specials and A La Carte menus. Discount will be applied to the lower price steak offer.
December 1 to 15: Bushman Bread buy-5-get-1-free. Member’s discount can be used at the same time. A six-pack gift box is priced as low as $50.
Value Specials: From now until December 15, two value special dishes, including Aussie Cheese Fries with Beacon and Crispy Fried Chicken Drumette, are priced at $25. With a minimum spend of $200, each table with 1 to 2 guests can order 1 special dish, 3 to 4 guests can order 2 special dishes. For every 2 additional guests can order another additional dish. The offer is available after 5pm everyday.
Finale Event: Outback 25th anniversary finale event is tentatively scheduled for mid-December. Details will be announced later.
A newly launched Happy Hour promotion: From Monday to Friday, 3pm to 6:30pm, drink combos are up to 41% off, in addition to a variety of snacks and dessert special offers. Outback, Where Cheers Begin!
Bonus offer for Prestige Membership: If you join or renew your Prestige Membership between November 8 and December 15, you will receive five bonus coupons in addition to the original membership privileges. The bonus coupons include a free Aussie Cheese Fries with Bacon, a free Chocolate Thunder From Down Under, 50% off for beverage, 25% off for USDA Tomahawk Steak and 25% off for catering service.
The issuer is solely responsible for the content of this announcement.
Outback Steakhouse
Founded in Hong Kong since 1999, Outback Steakhouse has always been committed to providing customers with fresh and high-quality ingredients at reasonable prices, with an Australian theme. With 10 stores across Hong Kong Island, Kowloon and the New Territories, Outback Steakhouse will continue to strive to serve Hong Kong and meet the needs of its customers.
Salavan Province has launched plans to build its first wind power production after joining forces with a Singapore-based company to conduct a feasibility study on a new wind power project.
The agreement was made official on 25 October. Salavan’s Head of the Planning and Investment Phosy Keosiphandone, Head of Department of Energy and Mines Phothiya Vongchomsi and Singapore’s Mind Bridge Consulting & Developing Pte. Ltd. President Xern Terxide signed a Memorandum of Understanding (MOU) on the construction of a wind farm with an installed capacity of 5 MW.
Under the agreement, the Singapore-based company is set to launch a survey and conduct economic and technical feasibility studies, explore the project scope, and evaluate the capacity and viability of investment in wind energy development in the proposed area. They will also provide an economic and technical analysis of the proposed wind farm and estimate the impacts on the environment and local communities.
This collaboration aims to Salavan leverage its renewable energy resources and set a foundation for sustainable energy development in the region.
According to the deputy governor of Salavanh Padermphone Sonthany, this project is a result of the government’s goal to increase the share of renewables in its energy mix by 2025. To ensure its success, they are offered to encourage investment, particularly in wind energy projects.
Padeumphone added that Laos has potential in producing electricity from wind, hydropower, and solar energy due to its favorable geographical features, hence the convenience in launching wind energy projects.
In 2023, Laos had a total installed capacity of 11,661 MW, including 81 hydropower plants, eight solar power plants, four biomass plants, and one coal-fired power plant, generating approximately 58,813 million kWh annually.
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