Hong Kong Insurer Bowtie Raises Up to $70 Million From Sun Life
The investment, part of a Series C funding round, will help Bowtie achieve goals that include becoming a top five provider of medical insurance in Hong Kong and expanding internationally, the digital insurer said in a statement Friday.
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33 minutes ago
- Yahoo
GP Industries' (SGX:G20) Solid Earnings Have Been Accounted For Conservatively
The market seemed underwhelmed by last week's earnings announcement from GP Industries Limited (SGX:G20) despite the healthy numbers. We did some digging, and we think that investors are missing some encouraging factors in the underlying numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. How Do Unusual Items Influence Profit? For anyone who wants to understand GP Industries' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by S$9.9m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If GP Industries doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of GP Industries. Our Take On GP Industries' Profit Performance Because unusual items detracted from GP Industries' earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think GP Industries' earnings potential is at least as good as it seems, and maybe even better! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For instance, we've identified 3 warning signs for GP Industries (2 don't sit too well with us) you should be familiar with. Today we've zoomed in on a single data point to better understand the nature of GP Industries' profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
43 minutes ago
- Yahoo
Spud-tacular: How India became a french fry superpower
French fries turned around the fortunes of Jitesh Patel. He comes from a family of farmers in Gujarat in the northwest of India. Traditionally they grew cotton, but the returns were poor. Droughts in 2001 and 2002 made the situation worse and the Patels knew things had to change. "We realised that we had to start growing something that does not require lot of water," Mr Patel says. So, they experimented with potatoes. Initially they tried table potatoes; the kind available in local markets and cooked at home, but the returns weren't much better than cotton. Spurred by the arrival of french fry makers in their state, in 2007 they started growing the varieties of potato used by the food industry. It turned out to be a winning strategy. "Since then, no looking back," says Mr Patel. Mr Patel is part of India's rise to potato superpower status. It is already the world's second biggest spud producer. But it's the export market, particularly of french fries, that's really flying. Gujarat has become India's capital of french fry production, home to huge factories churning out chips, including facilities belonging to Canadian giant McCain Foods and India's biggest maker of French Fries, HyFun Foods. From Gujarat fries are sent all over over the world. But the most important markets at the moment are in Asia, including the Philippines, Thailand and Indonesia, according to Devendra K, who has been studying the potato market for many years. In February of this year, monthly exports of Indian frozen fries broke the 20,000 tonnes barrier for the first time. In the year to February, India's fry exports totalled 181,773 tonnes, a 45% increase compared with the previous year. The success is partly down to price. "Indian frozen fries are noted for being competitively priced in the international market," says Devendra. He says that in 2024, the average price of Indian fries was even cheaper than those from China. For the french fry makers, it's boom time. "India has emerged as a significant player and exporter due to its abundant agricultural produce, cost-effective manufacturing, and growing focus on quality standards," says Haresh Karamchandani, CEO of HyFun Foods. HyFun has seven plants processing potatoes in Gujarat with another two coming online by 2026. "Urbanisation, increasing disposable incomes and changing lifestyles have promoted the consumption of frozen foods, not only in the household but also in food service establishments," says Mr Karamchandani. Meeting that demand has required decades of innovation from farmers. Jitesh Patel studied agriculture at university and has been applying science to farming ever since. Along with friends and family they are continuously trying to improve their potato yield. "We are a well educated bunch of farmers, so we keep trying new methods," he says. One of their first innovations, back in 2003, was to switch to a drip system of irrigation, rather than flooding fields with water. To keep the soil productive the fields are rested over the summer, and fertilised with cow manure. Their focus now is finding the perfect potato plant. "We are in the process of experimenting with seeds and soon we will have a new variety," he says. Jain Irrigation Systems is a large agricultural technology company. As well as selling irrigation equipment, it has teams of technicians developing seeds for agriculture, including potato plants. They use a set of techniques known as tissue culture. It's a way of cloning plants, with desirable traits and eliminating disease. It involves growing small pieces of plant tissue in a controlled laboratory environment to create virus-free plantlets. These plantlets can then be used to produce more seed potatoes through methods like taking cuttings. "Potato seeds destined for future seed production undergo meticulous breeding practices under the supervision of breeders," says Vijay Singh, vice president of marketing at the company. One issue they are tackling at the moment concerns a variety of potatoes used to make chips. Farmers found that by November the potato crop starts to go brown because of its sugar content. "Companies like us who are into tissue culture are trying to come up with a new variety to overcome the challenges that the industry is facing," says Mr Singh. While Indian farmers are working on improving their yields, investment is needed elsewhere in the frozen food industry. In particular, firms need to be able to store and transport goods at sub-zero temperatures. Modern cold storage facilities have been built, but more are needed. "Only about 10–15% of India's cold storage facilities are suitable for storing frozen foods," says Vijay Kumar Nayak, co-founder of Indo Agri Foods, an exporter of Indian food. "These facilities are unevenly distributed, heavily concentrated in a few states, leaving rural and remote regions severely underserved. Transportation is a problem as well. "There is a notable shortage of specialised refrigerated trucks and containers, making temperature-controlled transportation extremely difficult and increasing the risk of spoilage," he says. A reliable electricity supply is also essential. "Frequent power outages in many parts of the country increase the chances of spoilage and make running a reliable frozen food supply chain a daunting task," says Mr Nayak. "Indian companies face intense competition in export markets from countries like China, Thailand and Brazil. These nations benefit from more advanced logistics, infrastructure, and production systems," he points out. Back at his Gujarat farm Mr Patel is happy that the chip makers moved in. "Gujarat has become a food processing hub. Most of the farmers, including me, have become contract farmers which gives us security and good money for our yield," he says. 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Yahoo
an hour ago
- Yahoo
Asian Food Platform DDC Appoints Investing Professional After Animoca BTC Yield Deal
DDC Enterprise (DDC), known for its Asian food brands, named Kyu Ho as chief of staff to strengthen its management team as it expands into bitcoin (BTC) treasury management. The appointment follows a week after the Hong Kong-based company signed an agreement to develop investment strategies for $100 million worth of BTC on behalf of Web3 investment giant Animoca Brands. Ho, with 20 years of investing experience, was most recently managing partner of early-stage crypto investment firm Initial Ventures. DCC, whose shares trade on the New York Stock Exchange, embarked on its plans build a bitcoin treasury earlier this year and has since acquired 368 BTC ($43.7 million). The shares have climbed as much as 350% since then, and currently are priced at $15.83, just over 12% lower on the day. Publicly-traded companies from a range of industries have been adopting crypto reserve strategies in recent months, inspired by the likes of Strategy (MSTR) and Metaplanet (3350), which have both seen their share prices skyrocket as investors regard them as a proxy bet on bitcoin. They've been joined by corporations branching into treasuries based on ether (ETH) and other altcoins. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
