KEELUNG, TAIWAN – Media OutReach – 9 August 2023 – The Keelung City Government of Taiwan will participate in the NATAS Holidays, a travel exhibition for the fall season, from August 11th to 13th, 2023, in Singapore. Through this travel exhibition, the delegation aims to showcase Keelung’s stunning beauty of mountains, sea, traditional culture, and distinct cuisine to the people of Singapore, thereby attracting Singaporeans to consider Keelung as a travel destination. Interactive activities will be organized on-site, and participants will be gifted a set of versatile and charming Keelung-themed tissue bags showcasing imagery of local cuisine, with the hope that visitors will enthusiastically visit the Keelung City Government booth at the exhibition to participate in the activities.
Chengbin Fishing Harbor Colorful Houses
In recent years, the Keelung city government has been actively promoting tourism to the Singapore market, hoping to introduce Keelung, a mountainous harbor city with the best cruise ship homeport in Asia, to the Singapore public and let them know about Keelung’s rich tourism resources and splendid nature, such as the Waimushan Seaside Scenic Area, which was selected as one of the “Top 10 Attractive Waters” in Taiwan, and the Heping Island Park, which is rated as one of the 21 most beautiful sunrise scenes in the world, etc. What’s more, for Singapore foodies who love Taiwanese food, a visit to Keelung’s Miaokou Night Market can practically cover almost all of Taiwan’s classic culinary delights, offering a rich travel experience for those who visit Keelung, Taiwan.
At the exhibition, the Keelung City Government will also prepare highlight videos accompanied by a variety of bilingual promotional materials in Chinese and English as a reference to visitors to the travel show, hoping to introduce and familiarize the people of Singapore with Keelung. The Keelung City Government enthusiastically welcomes Singaporean visitors to explore this city full of surprises and encourages them to embark on a fascinating journey to Keelung.
Hashtag: #KeelungCity
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HONG KONG SAR – Media OutReach – 9 August 2023 – EquitiesFirst proudly announces the launch of the brand-new series II in its acclaimed podcast series, in continued collaboration with The Economist Impact. The opening episode, ‘How to Invest in Artificial Intelligence in Asia-Pacific?’ is set to dive into the intricacies of AI investment.
Our collaborative effort aims to navigate the nuanced financial landscapes, highlighting challenges and opportunities, thereby empowering listeners to make well-informed investment decisions based on EquitiesFirst equities-based financing insights.
EquitiesFirst Financing: Riding the Wave of Asia-Pacific Investments
With the brand-new series, we continue our exploration of the finance world, examining various aspects of the Asia-Pacific investment ecosystem. Our opening episode takes a focused look at AI investment, exploring the emerging opportunities and risks associated with this revolutionary technology.
With Asia-Pacific’s AI spending set to hit $49.2 billion in 2026, led by China, Australia, and India, we explore the diverse industry applications of AI, from agriculture to e-commerce. As the rise of generative AI heralds new investment opportunities, we also address governance and ethical considerations and discuss strategies for businesses and investors to improve returns while mitigating risks.
In the following EquitiesFirst Podcast episodes, we will delve into the impact investing landscape, along with the thriving start-up ecosystem in the Asia-Pacific. These compelling topics continue to underline EquitiesFirst equities-based investment as the key commitment to navigate this rapidly evolving region.
EquitiesFirst Partnership: Insights and Intelligence from the Experts
In tandem with The Economist Impact, EquitiesFirst is primed to offer its audience an insightful exploration of the Asia-Pacific investment landscape. This unique partnership continues our commitment to providing the most compelling, up-to-date insights on EquitiesFirst funding opportunities, potential risks, and the evolving dynamics in this region.
EquitiesFirst remains a leading player in risk management and equities-based financing, with a proven track record in fostering robust investment strategies. Through this podcast series, we reaffirm our mission to guide investors as they explore and navigate the dynamic investment landscape in the Asia-Pacific region.
The issuer is solely responsible for the content of this announcement.
About Equities First Holdings
Founded in 2002, EquitiesFirst is a global investor specializing in long-term equities-based financing. EquitiesFirst’s approach overcomes traditional limitations and redefines the financing experience through providing efficient access to capital for listed companies, entrepreneurs and investors against publicly traded securities. The total value of loans transacted is more than US$4.5 billion as of January 2023.
Headquartered in Indianapolis, USA, EquitiesFirst maintains an international footprint of twelve offices in eight countries, including the United States, United Kingdom, Spain, China (Hong Kong, Shanghai and Beijing), South Korea, Thailand, Singapore and Australia (Sydney, Perth and Melbourne). EquitiesFirst is licensed and/or registered in all jurisdictions where required.
EquitiesFirst is the pioneer of Progressive Capital – a partnership approach to investment, rooted in respect, mutual interest and understanding. EquitiesFirst delivers liquidity solutions that are vital, transformative and move partners forward.
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From AI hype to uncertain China’s reopening: join the international broker OctaFX as it compiles the 12 most important events that shaped the Forex market in the past year.
KUALA LUMPUR, MALAYSIA – Media OutReach – 9 August 2023 – The past year thoroughly shook the financial markets and had a lasting impact on the Forex market. As OctaFX celebrates its 12th anniversary, the company took this opportunity to compile a list of the most important events in the world of finance, along with their implications for investors and traders in 2023 and 2024.
The end of the U.S. Federal Reserve interest rate hike cycle.
Starting in March 2022, the U.S. regulator began tightening the monetary policy to combat accelerating inflation. Ten rate hikes followed, including four consecutive 75 basis point increases. By early May 2023, the rate peaked at 5–5.25%, where it stayed for two months. In July, the Fed raised the rate again by 25 basis points, from 5.25% to 5.5%. This aggressive tightening earned the label ‘historic’ from analysts.
The inflationary shock is over.
Until the beginning of 2023, developed countries were grappling with record inflation, attributed to pandemic-induced demand stimulus, supply shocks, and disruptions in the supply chain. By June 2022, the U.S. reported a 9.1% consumer inflation peak, while in October, the U.K. and the EU inflation peaked at 11.1% and 10.6%, respectively. Thanks to the efforts of central banks worldwide, inflations began to show signs of retreat towards the end of 2022. In June 2023, the U.S. economy reported a 3% inflation rate, with other countries also showing a decline in consumer inflation.
The euro falls below parity with the U.S. dollar.
Inflation fever and decisive actions by regulators caused investors to avoid risk and actively invest in safe-haven assets. Due to the central banks of Europe and the U.K. acting with a time lag compared to the U.S. Fed, there was a gap in rates and yields of government bonds. As a result, the dollar index against world currencies reached a 20-year high in October 2022, leading to the euro’s exchange rate against the U.S. dollar falling to 0.9880.
Malaysia proposes the establishment of the Asian Monetary Fund.
The global trend of de-dollarisation is gaining momentum, especially in Malaysia, where the establishment of the Asian Monetary Fund (AMF) was proposed as an alternative to IMF. Malaysia’s Prime Minister Anwar Ibrahim reintroduced the concept of the AMF in March 2023, citing the economic strength of countries like China and Japan. His proposal was supported by China and some Southeast Asian countries, reflecting a growing desire among BRICS countries to move away from the dollar-centric financial system.
Brazil and China establish the yuan-based clearing house for direct settlement.
On 29 March 2023, China and Brazil announced the establishment of a clearing house to facilitate direct settlement between the two countries without converting their currencies into dollars. This move aimed at making transactions cheaper and faster, ultimately bolstering trade and investment expansion. China has been Brazil’s key partner for the past 13 years, with its trade turnover amounting to $150 billion in 2022. Additionally, Brazil has been a major recipient of Chinese investments, mainly in the development of oil fields.
China’s economy restarts after zero-Covid policy.
Following its emergence from the COVID-19 pandemic, China experienced a remarkable economic recovery. By mid-2023, the country’s economic activity, domestic tourism, and international travel nearly fully rebounded, leading to numerous agreements to facilitate international business and trade. To address uneven growth in the first five months of 2023, the Chinese government implemented measures to support businesses and boost consumption while maintaining tight monetary and fiscal policies.
Amidst an ongoing recession in G7 and EU countries, China’s reopening and deepening relations with the Middle East and BRICS nations have significant implications for de-dollarisation and deglobalisation. According to the IMF’s April 2023 Growth Outlook Survey, the Asian region will account for about 70% of global growth, while the G7 and EU economies will shrink, resulting in a 7% decline in global GDP. At the same time, the IMF raised its growth forecast for Asia-Pacific economies to 4.6% in 2023.
‘These deglobalisation processes are causing a decline in the popularity of the dollar, leading to an increase in the dollar money supply and its consequent depreciation. However, these shifts are global in nature and might extend over the long term,’ said Kar Yong And, the OctaFX financial market analyst.
Cryptocurrencies face an uncertain future.
The cryptocurrency market experienced a turbulent 2022, with sharp fluctuations in the value of Bitcoin causing panic among investors. Reports of cryptocurrency exchanges facing insolvency added to the overall uncertainty. On 11 November 2022, FTX, one of the world’s largest cryptocurrency exchanges, filed for bankruptcy protection in the United States, triggering negative sentiment across the crypto world. Subsequently, on 22 November 2022, Bitcoin plummeted to its lowest level in two years at $15,480. In the same month, BlockFi, a digital asset lending company, also filed for bankruptcy in the U.S., citing the collapse of FTX and instability in the cryptocurrency markets. Despite this turbulence, the cryptocurrency market has shown resilience, rebounding by 86.5% from the previous year’s lows, with Bitcoin currently valued at $29,868.
The rise of AI.
AI has quickly become a buzzword in the tech world after OpenAI’s ChatGPT chatbot was released in November 2022. Investors are eager to be part of the success witnessed by tech giants such as Microsoft, Alphabet, Nvidia, and smaller but up-and-coming companies that have announced their AI projects. This heightened interest has triggered a sharp surge in tech stocks, with Nvidia, for example, recording a 217% increase since the beginning of 2023. Nvidia’s fourth-quarter financial results exceeded expectations. Consequently, more than 20 analysts reported confidence in continued growth, and Goldman Sachs raised the price target for the Nvidia stock.
The banking crisis in the United States and Europe.
During the economic downturn caused by COVID-19, the U.S. Federal Reserve and the European Central Bank gradually raised interest rates. Consequently, national short-term bonds ceased to deliver expected returns and became unprofitable. Many banks were forced to sell them at a lower price to secure liquidity. Furthermore, the failures of Silicon Valley Bank and Signature Bank resulted in a massive outflow of deposits, causing multi-billion dollar losses for commercial banks and leading some to shut down their operations.
The situation reached a critical point in March 2023 when three American banks went bankrupt within five days, followed by one European bank. The bankruptcies of Silvergate Bank and Signature Bank came at the height of turbulence in the U.S. banking sector, while American Silicon Valley Bank and European Credit Suisse succumbed to the banking panic. However, the situation has stabilised for now, and there are no immediate signs of further escalation.
Oil in a downtrend after peaking in value.
Oil prices experienced significant fluctuations, peaking in June 2022 at $125 per barrel for Brent crude after a sharp spike in March of the same year. However, a year later, Brent’s value plummeted to $79 per barrel, marking a 36% decrease from its peak. Such fluctuations in oil prices are closely tied to the state of the global economy. As economic conditions worsen, the cost of oil tends to rise, making the oil and gas industry an attractive defence against inflation for investors. When the purchasing power of money weakens, the value of tangible assets such as real estate, commodities, and hydrocarbons increases. As soon as the economic situation improves, the value of oil decreases.
‘The increasing popularity of gas, driven by its economic advantages, and the introduction of non-U.S. dollar settlements for oil transactions between several countries are likely to further harm oil prices in the future, with a potential downtrend reaching the $50–55 range for Brent crude within the next 2–3 years,’ said Gero Azrul, a full-time trader from Malaysia with over fourteen years of experience.
Gold buying by central banks reaches the highest level in 55 years.
Against the backdrop of turmoil in the banking sector, ongoing geopolitical tensions, and a difficult economic situation, the role of gold as a safe-haven asset is coming to the fore. According to World Gold Council’s quarterly outlook, central banks bought almost 400 tons of metal in the third quarter of 2022, which is the highest level in 55 years. In the first quarter of 2023, central banks bought 228 tons of gold—a 20-year high.
‘As an alternative to the declining U.S. dollar, gold’s demand from central banks is set to be further supported by investment demand from gold ETFs. Additionally, consumer demand for gold is expected to rise alongside the global recovery in consumer activity, particularly in Asia. The combination of these factors is likely to push the value of gold against the U.S. dollar to above $2,500 in 2023–2024,’ Ambrose Ebuka, a financial expert and host of educational webinars from Nigeria, commented. ‘Technically speaking, gold is attempting to break out from its major resistance level of $2,070 and establish new highs.’
Green technology pushes the prices of lithium, cobalt, and nickel up.
According to the International Energy Agency (IEA), the market for metals and minerals needed to produce electric cars, wind turbines, solar panels, and other green technologies has doubled over the past five years. Lithium demand tripled, cobalt rose by 70%, and nickel increased by 40%. The market size of metals and minerals required for green technology in 2022 amounted to $320 billion, doubling in value from 2017.
‘According to the global carbon budget aiming to keep global warming below 1.5 °C, net worldwide anthropogenic greenhouse gas emissions must be reduced to zero by 2050 or within the range of 2045-2055. Lithium, cobalt, nickel, and some other metals, often referred to as critical minerals, play a vital role in facilitating the energy transition and reducing CO2 emissions, making them crucial in the fight against global warming. Therefore, the upward trend in their prices is expected to continue,’ said Ambrose Ebuka.
As financial markets continue to experience turbulence, opportunities arise for those well-informed. The world economy is facing a significant test of deglobalisation, with the reset of business cycles leading to a shift in the value of oil and the U.S. dollar downwards. At the same time, gold is predicted to rise over the next two years. Investors must stay vigilant in navigating these changes to capitalise on opportunities they provide in the financial markets.
Hashtag: #OctaFX
The issuer is solely responsible for the content of this announcement.
About OctaFX
OctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
OctaFX has also won more than 60 awards since its foundation, including the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.
In a groundbreaking move, BingX, a prominent global cryptocurrency exchange, has rolled out an innovative feature called Multiple Deposit Addresses. This new offering is set to redefine how users interact with blockchain networks, offering enhanced convenience, security, and flexibility within the trading platform.
SINGAPORE – Media OutReach – 8 August 2023 – BingX has consistently positioned itself as a pioneer in the cryptocurrency industry, and its latest feature, Multiple Deposit Addresses, solidifies its commitment to staying ahead of the curve. With this upgrade, users on BingX can now generate several deposit addresses within a single network, a development poised to transform the way crypto deposits are managed.
BingX’s new feature offers enhanced privacy and security, allowing users to add up to 100 deposit addresses per supported blockchain to their account. Personalized notes aid in easy tracking, and a user-friendly dropdown menu streamlines the deposit process. The introduction of Multiple Deposit Addresses enhances asset visibility, displaying all blockchain-associated addresses. Users can export an address book for record-keeping. BingX currently supports layer 2 public chains like Linea, zkSync Era(V2), Base, Arbitrum and Optimism, with future plans for StarkNet and LayerZero integration.
Elvisco Carrington, BingX’s Director of PR and Communications, shared his perspective on this groundbreaking update: “This update reflects our dedication to meeting our users’ needs and streamlining their interactions with cryptocurrencies. BingX remains at the forefront of innovation in the cryptocurrency industry, consistently expanding its offerings to provide a seamless and secure trading environment for its global user base. By introducing the Multiple Deposit Addresses and Address Book feature, BingX reaffirms its commitment to empowering users with the tools they need to manage their digital assets effectively.”
The introduction of Multiple Deposit Addresses is not the sole aspect that sets BingX apart. The exchange has established a reputation for its rigorous evaluation process for listed projects. The BingX team, comprising experienced researchers, meticulously assesses the risks associated with new coin projects before granting them a spot on the exchange. This thorough scrutiny ensures that only projects that adhere to the highest standards are showcased on BingX’s prestigious spot trading platform.
In addition to listing tokens, BingX also conducts asset research and analyzes the stability of assets. The latest research includes “Next 100x Meme Tokens in 2023“, providing traders with a reference to save them time in learning and exploring.
Hashtag: #BingX
The issuer is solely responsible for the content of this announcement.
About BingX
Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Trade crypto pairs like BOBA & WELL on BingX platform, suitable for all trader levels.
Birmingham, UK – News Direct – 8 August 2023 – The cryptocurrency market has been volatile in recent months, but there are some signs that a Bitcoin bounce could be coming. Bitcoin (BTC) has been trading sideways for the past few weeks, and some analysts believe that the cryptocurrency is due for a breakout. One of the reasons for this optimism is the accumulation of BTC by crypto whales. Whales, or large investors, have been buying up BTC in recent weeks, and this suggests that they believe the cryptocurrency is undervalued. Bitcoin is currently trading at around $29,000. Some analysts believe that BTC could reach $35,000 in the near future, while others believe that it could even reach $40,000.
Analysts also suggest the strong demand for DigiToads (TOADS), a new cryptocurrency project that is designed to be a decentralized platform. Analysts believe that TOADS could make big gains if BTC does bounce. This is because TOADS is a new project with a lot of potential, and it could benefit from the increased interest in the cryptocurrency market.
Anticipating a Bitcoin (BTC) Bounce from $29K to $35K
Amidst the crypto turbulence, the question arises: Is a Bitcoin (BTC) bounce on the horizon? With its current value hovering around $29K, some experts believe that a potential upward trajectory could push it to $35K. As the pioneer and leader of the cryptocurrency world, Bitcoin holds the largest market cap and has established itself as a reliable digital asset over the years. This recent dip in its price might just be a temporary setback, as historical patterns have shown Bitcoin’s ability to recover from similar situations.
Investors and enthusiasts are watching closely, considering the potential for a bullish movement. The crypto market is famously unpredictable, but Bitcoin’s resilience and historical performance make it an intriguing asset for those searching for a good crypto to buy. While short-term fluctuations are common, the long-term potential of Bitcoin remains a focal point for both seasoned and new investors, as it continues to be regarded as one of the best cryptocurrencies to invest in. Only time will tell whether Bitcoin is gearing up for another remarkable ascent, reinforcing its role as the anchor of the digital currency space.
Analysts Point to Potential Impressive Gains for DigiToads (TOADS) Presale
In the fast-evolving landscape of cryptocurrencies, DigiToads (TOADS) is capturing significant attention, particularly through its highly anticipated presale. With a presale that has already raised a substantial $6.7 million, it’s evident that investor interest in DigiToads is reaching new heights. Scheduled to conclude on August 15, 2023, the presale has been meticulously designed to set the stage for DigiToads’ future success. The token launch is set for August 21, 2023, adding to the excitement of what lies ahead.
The presale comes at a current price of $0.05 per TOADS, a promising entry point for a good investment opportunity. This represents an impressive 400% increase from its initial stage. The launch price is projected to be $0.055, showcasing a remarkable 450% increase.
DigiToads’ presale is truly remarkable, showcasing a well-structured tokenomics model with precise allocations that underline its commitment to growth and sustainability. The total supply of 585 million tokens has been meticulously apportioned to various essential aspects, ensuring a comprehensive and dynamic ecosystem. Of the total tokens, 405.35 million are exclusively reserved for the presale phase, reflecting the project’s strong start and investor confidence. Additionally, 76.99 million tokens are allocated for Community Growth & Liquidity, fostering a robust and engaged user base. Another 42.66 million tokens are dedicated to Competitions & Prizes, fostering a vibrant and interactive community. Furthermore, the allocation of 30.75 million tokens towards development and upgrades underscores DigiToads’ commitment to continuous improvement.
This thoughtfully designed tokenomics model not only instills trust among investors but also supports DigiToads’ long-term vision. By effectively channeling tokens into different avenues, DigiToads aims to strike a harmonious balance between community engagement, technological advancement, and overall growth.
As the cryptocurrency market navigates its fluctuations, speculation abounds about a potential Bitcoin (BTC) bounce. While Bitcoin’s trajectory remains uncertain, analysts are shining a spotlight on DigiToads (TOADS) presale, foreseeing substantial gains. Amidst these dynamics, DigiToads emerges as a notable contender, potentially solidifying its position as one of the best DeFi cryptos. The unique blend of P2E gaming, strong tokenomics, and the promise of potential returns positions DigiToads as one of the best DeFi coins to invest in.
Mahe – News Direct – 8 August 2023 – In the realm of cryptocurrency investments, three assets that warrant consideration are Borroe ($ROE), Polkadot (DOT), and Avalanche (AVAX). Each of them boasts distinct strengths and innovations, but Borroe ($ROE) shines brightly with its dedication to transparency, efficiency, and user empowerment, offering a seamless trading experience.
Let’s see which of these assets has the biggest potential.
Borroe ($ROE) is a pioneering AI-powered funding marketplace. Borroe ($ROE) provides content creators and Web3 participants with the unique opportunity to generate instant cash flows. This can be done by selling future earnings from subscriptions, royalties, and invoices.
As traditional funding systems struggle to adapt to the principles of Web3, Borroe ($ROE) embraces this evolution. Borroe ($ROE) provides a platform for businesses to raise funds using NFTs representing their future or outstanding invoices.
Through the minting and sale of discounted invoice NFTs, Borroe ($ROE) fosters a peer-to-peer ecosystem where buyers can easily trade these NFTs on secondary markets.
During the beta stage, Borroe’s ($ROE) witnessed a 25% surge from its initial price of $0.010 to $0.0125 in Stage 1. Looking ahead to Stage 2, the price of Borroe ($ROE) is projected to reach $0.015. By the end of the presale in Stage 8, Borroe ($ROE) is expected to surge by a substantial 300% from the initial price to $0.040.
Polkadot (DOT) Plunges Upon Binance Futures Delisting
On July 27, Binance Futures discontinued Polkadot (DOT) as a margin asset in Multi-Asset Mode.
The decision prompted Polkadot (DOT) holders to adjust their portfolios accordingly. The transfer-in limit for Polkadot (DOT) in Multi-Assets Mode has been updated to zero, signaling its removal from the platform. Existing Polkadot (DOT) assets have been automatically converted to USDT.
As a consequence of the delisting, Polkadot (DOT) experienced a significant drop in price. Polkadot (DOT) lost 5.7%, from the price of $5.3 on July 27 to $5 on Aug 3. Moreover, the trading volume for Polkadot (DOT) declined by 5.4%, falling from $112 million to $106 million between Aug 2 and Aug 3. Technical indicators are indicating a bearish outlook for Polkadot (DOT), with analysts predicting a potential further decline toward the $4 level in the near future.
Balancer Unleashes DeFi Potential on Avalanche (AVAX)
Avalanche (AVAX) witnessed a momentous DeFi breakthrough with the official deployment of Balancer on August 1.
This strategic move aims to bolster the growth of liquid staking on the Avalanche (AVAX) network while offering users a more versatile DeFi tech stack. Balancer seeks collaboration with four prominent LST protocols on Avalanche (AVAX), including sAVAX, ankrAVAX, yyAVAX, and ggAVAX.
The partnership elevates the capabilities of Avalanche’s LST and enhances liquidity and market dynamics.
However, Avalanche (AVAX) witnessed a downtrend in the last week. Avalanche’s (AVAX) price fell from $13.4 to $12.5 between July 27 and Aug 3, resulting in a loss of 6.7%. Nevertheless, there was a notable increase in Avalanche’s (AVAX) trading volume during the 24-hour period between Aug 2 and 3, rising by 11% from $106 million to $118 million.
Despite a slight downtrend in the last week, Avalanche’s (AVAX) growing trading volume and Balancer’s integration signal new opportunities, fostering optimism and growth for Avalanche (AVAX).
Insist on “Global Footprint”, “Diversified End-Market” and “Twin Growth Engines” as the Three Main Strategies Strong Operational Resilience and Unique Strengths to Confront Market Uncertainties
HONG KONG SAR – Media OutReach – 8 August 2023 – Impro Precision Industries Limited (“Impro Precision” or the “Group“) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical components,today announced its interim results for the six months ended 30 June 2023 (“first half of 2023” or the “Period”).
In the first half of 2023, the revenue of the Group amounted to HK$2,404.8 million, representing an increase of 9.7% as compared to the same period last year. Profit attributable to equity shareholders of the Company amounted to HK$303.2 million, representing an increase of 13.3% as compared to the same period last year. Taking into account the Group’s sound cash flow position and business prospects, the Group resolved to declare an interim dividend of HK$0.08 per share for the six months ended 30 June 2023.
During the Period, the aerospace, energy and medical end-markets experienced a strong growth, with revenue significantly increasing to HK$319.8 million, representing a year-on-year increase of 67.3%. The outstanding performance was mainly attributable to the recovery of global aerospace market, increased market share and the development and mass production of new products, coupled with significant increase in the sales revenue of aerospace and energy end-markets in the first half of this year driven by the strong sales growth of Foshan Ameriforge acquired last year.
In addition, the Group’s diversified industrials business also maintained a solid growth. Revenue from this segment increased by 10.5% year-on-year to HK$1,184.1 million as compared to last year. Among which, revenue from construction equipment, high horsepower engine and agricultural equipment end-markets increased by 27.7%, 20.7% and 16.3% year-on-year, respectively, to HK$402.2 million, HK$251.8 million and HK$206.0 million, respectively. The high horsepower engine end-market mainly benefited from the increasing demand for large power equipment, while the increase in revenue from construction equipment and agricultural equipment end-markets was mainly attributable to the hydraulic orbital motor business acquired in the second half of last year as well as the increasing demand for construction equipment in the United States.
As the global economy emerges from the haze of the COVID-19 pandemic, a number of end-markets have gradually recovered, among which the aerospace and energy end-markets have rebounded with particularly strong momentum, further highlighting the Group’s vision and advantages in strengthening its presence in the aerospace industry. During the COVID-19 pandemic, Impro has identified the development opportunity of the aerospace end-market and proactively established the “Aerotek Business Unit” to prepare for recovery. As the international aerospace market has fully resumed its normal operation and the number of competitors in the aerospace supply chain has greatly reduced, it is believed that the Group will be able to fully seize the recovery opportunity and sustain the significant growth of the aerospace end-market business. To promote the rapid development of the “Aerotek Business Unit”, the Group is looking for suitable intermediary agencies to evaluate and define the business scope of the “Aerotek Business Unit”, and plans to study the feasibility of spin-off and independent listing and the relevant pros and cons to the Group when its business development becomes more mature.
Looking forward to the second half of 2023, the global economy will remain exposed to a number of uncertainties. Demand in the European and American markets became volatile since second quarter due to high inflation and the ongoing Russia-Ukraine war, while the slowdown in the recovery of China’s market from the second quarter put the Group’s business under pressure. Fortunately, thanks to the success of its strategies of “Global Footprint” and “Diversified End-markets”, the Group will be able to diversify its business and effectively protect itself against related risks. With its strong operation resilience and unique advantages, the Group remains confident in maintaining satisfactory growth in its business prospects. Yet, it will remain cautious about certain end-markets around the world. As of 31 July 2023, the Group’s total order on hand to be fulfilled in the next twelve months reached HK$4,046 million, representing a year-on-year increase of 11.4%.
Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “Looking ahead, the Group will continue to leverage its manufacturing and sales network in Asia, Europe and the United States and, continue to expand its core businesses. Efforts will be made to capture market development opportunities and address challenges through the strategy of ‘Global Footprint’, ‘Diversified End-Market’, and ‘Twin Growth Engine’. In addition, the Group will explore acquisition targets that can create synergy in an effort to expand its business. Apart from consolidating its leading position, the Group will also strive to provide customers with high-quality and diversified products and services and bring desirable returns to its shareholders. ”
Hashtag: #Impro
The issuer is solely responsible for the content of this announcement.
DUBAI, UNITED ARAB EMIRATES – Media OutReach – 8 August 2023 – Bybit, one of CoinGecko’s top five most trusted crypto exchanges, is delighted to announce the launch of its Wealth Management product. Designed to cater to the needs of discerning investors, Bybit’s Wealth Management offers personalized solutions and attractive returns with minimized risk.
Bybit’s Wealth Management aims to deliver consistent returns through cutting-edge strategies and robust risk management, regardless of market conditions. It features tailored products, which address individual goals and risk tolerances, allowing investors to chart their unique paths to success.
Recognizing the importance of safeguarding capital, Bybit’s Wealth Management employs a low-risk approach, providing users with a secure environment for long-term growth. Launching in two phases, the Fund Pool is the first step, offering access to diversified assets managed by industry experts. Following this, Bybit will introduce Structured Products, expanding investment horizons for its users.
Bybit’s Wealth Management provides various asset growth methods, empowering investors to navigate the dynamic crypto market confidently. Wealth Management is an inclusive platform accessible to all users and also provides unparalleled benefits to high-net-worth individuals through its VIP system.
“We are thrilled to introduce Bybit’s Wealth Management, a product that embodies sophistication and prudence in the crypto investment space,” said Ben Zhou, co-founder and CEO. “With tailored options, stable returns, and low-risk strategies, our Wealth Management product offers seamless access to the exponential opportunities in the crypto market.”
Bybit’s Wealth Management also opens doors for potential collaborations with institutions, inviting industry players to explore strategic partnerships and collectively contribute to developing the crypto investment landscape.
Hashtag: #Bybit #TheCryptoArk
The issuer is solely responsible for the content of this announcement.
About Bybit
Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.