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$CAPITALA(5099.MY$
Looking to expand business 14 times next year, Teleport wants to buy 7 freighters
Teleport, the logistics arm of Yibi Investment Group, plans to purchase 7 additional cargo planes, with a view to increasing the number of packages delivered daily to 2 million by the end of 2025.
Teleport CEO Peter Charonwangsa said at the press conference that the average daily package delivery volume of 2 million pieces makes the company comparable to its global peers and is at the same level of operation.
Compared to the average of 130,000 packages per day in 2023, Teleport's target is equivalent to an increase of 14.38 times.
Currently, Teleport has 3 narrow-belly cargo aircraft and works with 30 other global aviation partners. By the end of the first quarter of this year, the company's average daily shipment volume had increased to 170,000 packages.
Furthermore, Pete pointed out that in terms of daily air traffic or traffic from China to Southeast Asia, market demand is not an issue.
“The point is that now there are a lot of e-commerce packages departing from China; in fact, there are more than 2 million packages every day. So one of the key markets we are focusing on is China.”
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers are solely responsible for any risk and liability arising from reliance on this content. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and...
Looking to expand business 14 times next year, Teleport wants to buy 7 freighters
Teleport, the logistics arm of Yibi Investment Group, plans to purchase 7 additional cargo planes, with a view to increasing the number of packages delivered daily to 2 million by the end of 2025.
Teleport CEO Peter Charonwangsa said at the press conference that the average daily package delivery volume of 2 million pieces makes the company comparable to its global peers and is at the same level of operation.
Compared to the average of 130,000 packages per day in 2023, Teleport's target is equivalent to an increase of 14.38 times.
Currently, Teleport has 3 narrow-belly cargo aircraft and works with 30 other global aviation partners. By the end of the first quarter of this year, the company's average daily shipment volume had increased to 170,000 packages.
Furthermore, Pete pointed out that in terms of daily air traffic or traffic from China to Southeast Asia, market demand is not an issue.
“The point is that now there are a lot of e-commerce packages departing from China; in fact, there are more than 2 million packages every day. So one of the key markets we are focusing on is China.”
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers are solely responsible for any risk and liability arising from reliance on this content. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and...
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Hi mooers! The US Stock Paper Trading Competition has been going on, let’s see which users were ahead in last week!
Without any delay, a big round of applause for the top 10 mooers who dominated the leaderboard!
@151615358 @Onoski__ @Chris 151317597 @151369719 @151277490 @Stoobs @aspiring Kiwi_4322 @Feiniao @上海白砂糖 @b3nt
*Data as of May 11, 2024
For those who haven't yet made it to the leaderboard, please don't lose...
Without any delay, a big round of applause for the top 10 mooers who dominated the leaderboard!
@151615358 @Onoski__ @Chris 151317597 @151369719 @151277490 @Stoobs @aspiring Kiwi_4322 @Feiniao @上海白砂糖 @b3nt
*Data as of May 11, 2024
For those who haven't yet made it to the leaderboard, please don't lose...
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$GENTING(3182.MY$
As the domestic tourism industry continues to recover, Hong Leong Investment Bank believes that Genting, which is currently undervalued, is one of the main beneficiaries and deserves investors' attention.
Hong Leong Investment Bank analysts pointed out that they are in Genting Malaysia, respectively $GENM(4715.MY$and Genting Singapore $Genting Sing(G13.SG$Genting, which has a strategic stake, can benefit from the recovery of tourism in Malaysia and New Zealand.
The following are the company's range buying points, short-term upward targets, and stop-loss points.
$GENTING(3182.MY$
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
As the domestic tourism industry continues to recover, Hong Leong Investment Bank believes that Genting, which is currently undervalued, is one of the main beneficiaries and deserves investors' attention.
Hong Leong Investment Bank analysts pointed out that they are in Genting Malaysia, respectively $GENM(4715.MY$and Genting Singapore $Genting Sing(G13.SG$Genting, which has a strategic stake, can benefit from the recovery of tourism in Malaysia and New Zealand.
The following are the company's range buying points, short-term upward targets, and stop-loss points.
$GENTING(3182.MY$
Source: Nanyang Siang Pao
Disclaimer: This content is for informational and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. The reader shall bear any risk and responsibility arising from reliance on this content. Always conduct your own independent research and evaluation and consult professional advice if necessary before making any investment decisions. The author and related participants are not responsible for any loss or damage resulting from the use or reliance on the information contained in this article.
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Financial Highlights
• Revenue: Total third-quarter revenue of $3.5 billion, non-GAAP gross margin of 29.3%, and non-GAAP earnings per share of $0.63, exceeding expectations of $0.21.
• Revenue distribution: Cloud computing market revenue increased 29% year over year, client market revenue increased 20% year over year, and consumer market revenue increased 17% year over year.
• Operating expenses: Operating expenses increased to $728 million in the quarter, and QoQ increased 4%, but decreased by 4% compared to the same period last year. This indicates that the company may be optimizing costs or improving efficiency in some areas, although overall costs are still increasing.
• Cloud services revenue: The cloud services sector showed strong growth, reaching $1,553 million in revenue, a 45% increase in QoQ, and a 29% increase in YoY. This significant growth may reflect the company's expansion in the cloud services market and the increase in market demand.
• Consumer sector: The consumer sector's situation was different, with revenue QoQ falling 13%, but YoY grew 17% to $730 million. The decline in QoQ may be due to seasonal factors or increased competition in the market. However, the annual growth shows that the long-term trend is still positive, showing steady growth in the consumer business.
Business dynamics and market trends
• Product and market strategy: Western Digital continues to develop more...
• Revenue: Total third-quarter revenue of $3.5 billion, non-GAAP gross margin of 29.3%, and non-GAAP earnings per share of $0.63, exceeding expectations of $0.21.
• Revenue distribution: Cloud computing market revenue increased 29% year over year, client market revenue increased 20% year over year, and consumer market revenue increased 17% year over year.
• Operating expenses: Operating expenses increased to $728 million in the quarter, and QoQ increased 4%, but decreased by 4% compared to the same period last year. This indicates that the company may be optimizing costs or improving efficiency in some areas, although overall costs are still increasing.
• Cloud services revenue: The cloud services sector showed strong growth, reaching $1,553 million in revenue, a 45% increase in QoQ, and a 29% increase in YoY. This significant growth may reflect the company's expansion in the cloud services market and the increase in market demand.
• Consumer sector: The consumer sector's situation was different, with revenue QoQ falling 13%, but YoY grew 17% to $730 million. The decline in QoQ may be due to seasonal factors or increased competition in the market. However, the annual growth shows that the long-term trend is still positive, showing steady growth in the consumer business.
Business dynamics and market trends
• Product and market strategy: Western Digital continues to develop more...
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