
Hup Seng Industries retains Neutral, target price lowered to 92 sen
(Calls by analysts tracked by Bloomberg: 0 Buy, 1 Hold, 0 Sell; Consensus target price: RM1.04)
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Barnama
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Construction Sector Set For More Job Flows In 2H 2025
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The Star
7 hours ago
- The Star
Thailand's Delta sees AI boom boosting sales
Delta Electronics (Thailand) chief executive officer Victor Cheng. — Bloomberg BANGKOK: Delta Electronics (Thailand) Pcl, the country's most valuable publicly traded company, is predicting 'double-digit' sales growth to continue for at least the next couple of years on rising demand for artificial intelligence (AI)-related tech, says chief executive officer Victor Cheng. The maker of components for data centres and electric vehicles is boosting investment to fuel its expansion. The company planned to raise its sales forecast for the second half of this year. AI-related products, such as networking and data-centre power equipment, will account for half of Delta Thailand's sales by the end of the year, up from 42% in the latest quarter, the company forecasts. It is among South-East Asian suppliers benefiting as customers including Nvidia Corp expand in the region and beyond to tap rising demand for services such as generative AI. 'All the applications involving AI will continue to grow,' Cheng said. 'This business is not slowing down.' Among challenges is a US tariff of 19% on Thai exports, though Cheng said he isn't too worried as the company can 'pretty much pass on all the tariffs to customers.' The United States accounts for as much as 35% of Delta Thailand's sales, he said. — Bloomberg


The Star
a day ago
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China, India in talks to resume border trade after 5-year pause
FILE PHOTO: A worker rolls up carpets at an export house in Noida, India, on Tuesday, Aug. 25, 2009. For over three decades, India and China had traded locally produced goods - such as spices, carpets, wooden furniture, cattle fodder, pottery, medicinal plants, electric items, and wool - through three designated points along their 3,488-kilometre disputed Himalayan border. - Bloomberg NEW DELHI: India and China are discussing resuming border trade of locally made goods after more than five years, marking the latest step in a slow but steady effort by the Asian neighbours to ease long-standing tensions, according to officials in New Delhi familiar with the matter. Both sides have proposed restarting trade through designated points on the shared border, and the matter is currently under bilateral discussion, the people said, asking not to be identified as the discussions are still private. China's Ministry of Foreign Affairs said Thursday (Aug 14) that Beijing is "willing to step up communication and coordination with India' on the matter. "Border trade between China and India has long played an important role in improving lives of the two countries' border residents,' it said in a response to a query from Bloomberg News. India's Ministry of External Affairs didn't respond to an email seeking further information. For over three decades, India and China had traded locally produced goods - such as spices, carpets, wooden furniture, cattle fodder, pottery, medicinal plants, electric items, and wool - through three designated points along their 3,488-kilometre disputed Himalayan border. The trade value is relatively small, estimated at just US$3.16 million in 2017-18, according to the most recent government data available. The trading points were shut during the Covid-19 pandemic, which coincided with a sharp decline in relations between the two nations after border clashes in the Himalayas killed 20 Indian soldiers and at least four Chinese troops. The planned resumption marks another sign that relations between the two neighbours are gradually improving after both sides took steps last year to end border tensions. China and India are set to resume direct flight connections as soon as next month, Bloomberg News reported Tuesday, while Beijing has eased curbs on some fertilizer shipments to India. Prime Minister Narendra Modi is expected to head to China for the first time in seven years in August to attend a summit of the Beijing-led regional security grouping - the Shanghai Cooperation Organisation - and hold a bilateral meeting with President Xi Jinping on the sidelines. The normalising in ties between the two countries come against the backdrop of deteriorating relations between New Delhi and US President Donald Trump, who has imposed a 50 per cent tariff rate on Indian exports to the US, significantly higher than the duties imposed on regional peers. - Bloomberg