Hong Kong, Saudi Bourses Seek Deeper Ties to Spur Trading Volume
Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds wane and cross-listings fail to materialize.
Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Bonnie Chan and Mohammed Al-Rumaih, her counterpart at the Tadawul stock exchange, are poised to address the co-hosted Capital Markets Forum in Hong Kong on Thursday. The city's financial secretary Paul Chan and Securities and Futures Commission head Julia Leung will also speak.
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Associated Press
36 minutes ago
- Associated Press
Gebrüder Weiss Expands into Thailand
International Logistics company continues to expand its network in South-East Asia to provide air and sea freight transportation, customs handling and cross-border land transport Bangkok, Thailand and Lauterach, Austria--(Newsfile Corp. - May 30, 2025) - Gebrüder Weiss is set to open a new country organization in Thailand on June 1, 2025. The international transport and logistics company is strengthening its market presence in Southeast Asia and expanding its network in one of the world's most economically dynamic regions. 'The new country organization allows us to close a strategic gap and create direct connections to central Asia-Pacific markets for our customers,' says Lothar Thoma, Managing Director Air & Sea at Gebrüder Weiss. 'Thailand is an important export location with strong trade links to the USA, China, Japan, Australia, and Singapore - markets where we are also represented with locations of our own.' In 2024, Thailand posted export volumes worth approximately $ 300 billion, up 5 percent from the previous year. Industrial goods account for the majority of outbound trade at 86 percent, with key categories including electronics, vehicles, machinery, and food. The team of 20 employees in Bangkok provides international air and sea freight transportation, customs handling, and national and cross-border land transport services. 'Our employees have many years of experience in international transport management. In the medium term, we are aiming to expand our services in Thailand to include warehouse logistics, with a particular focus on the automotive and high-tech sectors,' says Cristian Predan, Director South-East Asia at Gebrüder Weiss. With its entry into the Thai market, Gebrüder Weiss now has an active presence in nine countries across the East and South-East Asia region and Oceania. These include Australia, Greater China, Japan, Malaysia, New Zealand, Singapore, South Korea, and Vietnam. The regional network now spans 35 locations with around 800 employees. [ This image cannot be displayed. Please visit the source: ] Gebrüder Weiss opens a new location in Thailand. Here: the team in Bangkok. (Source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Laem Chabang container port is Thailand's most important seaport and a central hub for international trade. (Source: GettyImages) To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Lothar Thoma, Managing Director Air & Sea at Gebrüder Weiss (Source: Gebrüder Weiss / Ohligschläger) To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Cristian Predan, Director South-East Asia at Gebrüder Weiss. (Source: Gebrüder Weiss / Serra) To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] From Tokyo to Sydney: The Gebrüder Weiss network in China, South-East Asia, and Oceania includes 35 locations. (Source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Gebrüder Weiss locations in Australia and New Zealand (source: Gebrüder Weiss) To view an enhanced version of this graphic, please visit: About Gebrüder Weiss Gebrüder Weiss, a global freight forwarder with a core business of overland transport, air, and sea freight and logistics, is the world's oldest transport company with a history that dates back more than half a millennium. The family-owned company employs more than 8,600 people worldwide and boasts 180 company-owned locations. The business presence in North America includes headquarters in Chicago and offices in Atlanta, Boston, Dallas, Denver, El Paso, Houston, Laredo, Los Angeles, Miami, New York, Phoenix, Salt Lake City, San Francisco, Montreal, Toronto, and Vancouver. The company has implemented a wide range of environmental, economic, and social initiatives and is recognized as a pioneer in sustainable business practices. The company's emphasis on superior customer service pairs customized solutions with a single point of contact to provide customers with focused, reliable, and efficient strategic solutions. North American Contact: Karolyn Raphael Public Relations for Gebrüder Weiss [email protected] 312-494-0422 To view the source version of this press release, please visit
Forbes
an hour ago
- Forbes
50% Upside For MRVL Stock?
CHONGQING, CHINA - MARCH 3: In this photo illustration, the Marvell Technology Inc. logo is ... More displayed on a smartphone screen on March 3, 2025, in Chongqing, China. (Photo by) Marvell Technology (NASDAQ:MRVL), a firm focused on manufacturing semiconductor integrated circuits for data centers, has recently revealed its Q1 fiscal 2026 results. The company slightly surpassed analyst predictions, disclosing earnings of $0.62 per share on revenues of $1.9 billion, compared to consensus estimates of $0.61 and $1.88 billion, respectively. In spite of this positive outcome, Marvell's stock fell by 3% in after-hours trading and has declined by 43% since the start of the year. A considerable part of this downturn took place in March, following a disappointing outlook. Investors looking for steady returns may want to consider investigating diversified investment options such as the Trefis High Quality portfolio, which has shown remarkable performance, achieving over 91% returns since its inception. Additionally, see – Nvidia Stock's 1 Big Risk Considering the stock's fluctuations and the recent decline, you might be questioning whether Marvell is currently a good buy. From a valuation perspective, MRVL stock seems appealing. At approximately $62 per share, it is trading at 8.3 times trailing revenues and 32 times trailing adjusted earnings. This is significantly lower than its three-year average price-to-sales (P/S) ratio of 10.4 times and price-to-earnings (P/E) ratio of 42 times. While a decrease in valuation multiples may appear justified given the company's average revenue growth of only 10% over the last three years and a shrinkage in its adjusted net income margin from 30.5% in fiscal 2023 to 26.3% currently, this does not convey the complete picture. Marvell's Q1 results demonstrated impressive growth, with overall revenues soaring by 63% year-over-year. This was fueled by a strong 76% rise in core data center sales, reaching $1.44 billion. This increase is largely due to the rising demand for custom AI chips. Although the adjusted gross margin decreased by 240 basis points year-over-year to 59.8%, the company's bottom line witnessed a substantial enhancement, reporting earnings of $0.62 per share, marking a 158% increase from $0.24 in the same quarter last year. In the future, Marvell expects Q2 sales to be around $2.0 billion, which aligns with market expectations. Building upon the valuation discussion, Marvell is currently experiencing growth at a much quicker rate than it has over the past three years. Analysts estimate that sales are projected to grow by 42% this year and an additional 20% next year. This accelerated growth trajectory is anticipated to have an even greater influence on earnings, which are expected to rise by 2.3 times during this period. This swift growth trend calls for an upward adjustment in valuation multiples. Notably, the average analyst price target of $96 for MRVL indicates a considerable upside potential of more than 50%. Marvell's strategic foray into the AI sector began with its interconnect solutions for data centers. However, the greater opportunity lies in the creation of application-specific integrated circuits (ASICs), which function as custom AI chips. These tailored chips for hyperscaler data centers offer numerous benefits over general-purpose GPUs, such as those provided by Nvidia and AMD. Specialized chips can lower costs, enhance energy efficiency, and optimize performance for specific functionalities, unlike general-purpose GPUs intended for a wider range of applications. Marvell has been strengthening its alliances with significant AI stakeholders, including Amazon Web Services, which has expanded its agreements for data center semiconductors, including bespoke AI products. While the valuation of MRVL stock seems enticing, it is essential to take potential risks into account. Historically, Marvell's stock has underperformed in comparison to the broader market during economic downturns. For example, during the inflation shock of 2022, it fell by 62% from its peak, in contrast to a 25.4% decline for the S&P 500. Similarly, amid the COVID-19 pandemic correction in 2020, it dropped by 40% versus a 33.9% decrease for the S&P 500. This trend indicates that MRVL stock is more vulnerable to negative macroeconomic conditions. In addition, there are ongoing concerns regarding the slow rollout of Amazon's Trainium chips amid weak external demand, which could potentially hinder future revenue growth. Therefore, while Marvell stock might seem attractive from a valuation angle, investors should carefully assess these risks. You may want to purchase MRVL during this current dip, but investing in a single stock, regardless of its potential, carries risks. If you aim to mitigate that risk while still positioning yourself for strong upside, consider the High Quality portfolio, which has surpassed the S&P 500 and achieved returns exceeding 91% since its launch. Why is that? As a collective, HQ Portfolio stocks have offered superior returns with lower risk compared to the benchmark index; presenting a smoother ride, as evidenced in HQ Portfolio performance metrics.
Android Authority
an hour ago
- Android Authority
Sony's new XM6 headphones are surprisingly easy to repair, even for battery replacements
TL;DR iFixit's teardown of Sony's latest flagship headphones reveals some welcome repairability improvements. The WH-1000XM6's battery is secured with screws instead of adhesive, allowing for easier replacements. The headphone's drivers, USB-C port, audio jack, and button board are also much easier to access. Sony recently unveiled the WH-1000XM6, the highly anticipated successor to one of the best flagship headphones on the market. The new model brings several improvements over its predecessor, including a significantly faster QN3 processor, better ANC, enhanced voice call quality, longer battery life, and more. The XM6 also brings some welcome design changes. Sony has reintroduced the folding mechanism on the new model, which was omitted on the XM5. The company has also added detachable earpads for easier replacement and designed a completely new travel case. But that's not all. Sony has reportedly also redesigned the XM6's insides, which could improve repairability. iFixit has spotted several upgrades that should make the flagship headphones easier to repair. Its teardown reveals that the lithium polymer battery powering the XM6 is secured in a plastic housing with two screws instead of double-sided adhesive, making replacements easy. The modular plate housing the XM6's drivers is also held down by Phillips-head screws and a rubber plug, allowing for straightforward disassembly. Sony has also made the modular USB-C port, audio jack, and button board much easier to access than they were on the XM5. You can check out how easy it is to pull the headphones apart in iFixit's teardown below. Although the company has yet to share a repair manual for the headphones, you can expect it to arrive soon. Sony has published one for the older model, and we don't see why it won't do the same for its latest flagship headphones. As for replacement parts, Sony currently doesn't offer any for the WH-1000XM6 or its predecessor. However, given that the company is actively making changes to improve the repairability of its headphones, there's a chance it could start selling replacement parts soon. What do you think of Sony's decision to make its headphones easier to repair? Would these changes convince you to buy the WH-1000XM6 instead of a flagship headphone from a different brand? Let us know in the comments. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.
