Latest news with #867
Barnama
27-05-2025
- Business
- Barnama
CPO Futures Extend Gains, Lifted By Stronger Soybean Oil Prices
WORLD By Siti Noor Afera Abu KUALA LUMPUR, May 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward trend to close higher today, as market sentiments were boosted by the rise in soybean oil prices on the Chicago Board of Trade. Palm oil trader David Ng said expectations of increased demand for CPO from China and other markets also contributed to the rise in prices. 'We see support at RM3,800 per tonne and resistance at RM4,000 per tonne,' he told Bernama. At the close, the spot month June 2025 contract rose by RM32 to RM3,867 per tonne, July 2025 increased by RM32 to RM3,875 per tonne, and August 2025 went up RM35 to RM3,868 per tonne. September 2025 advanced by RM37 to RM3,862 per tonne, October 2025 gained RM36 to RM3,865 per tonne, and November 2025 rose by RM33 to RM3,866 per tonne. Trading volume widened to 49,593 lots from 34,817 yesterday, while open interest was slightly lower at 243,185 contracts from 243,913 contracts previously. The physical CPO price for June South was increased by RM30 to RM3,900 per tonne. -- BERNAMA
Zawya
13-03-2025
- Business
- Zawya
Yuexiu Transport recorded net profit of RMB 660 million with stable final dividend of 13 HK cents per share
HONG KONG SAR - Media OutReach Newswire - 13 March 2025 - Yuexiu Transport (01052) announced 2024 annual results and recorded revenue of RMB3,867 million. Profit attributable to shareholders was RMB657 million, representing a year-on-year decrease of 14.2%. The drop in profit was mainly due to decline in revenue and the expiration of toll collection right of Northern Ring Road. Nonetheless, starting from May, the Wuhuang Expressway, which completes with the Han'e Expressway, underwent closure for reconstruction and expansion. The Company successfully has managed the traffic divseron from the Wuhuang Expressway. As a result, the average daily toll revenue of Han'e Expressway boasted a significant year-on-year increase of 58.1% during the Year, and brought an important contribution to the Company's overall toll revenue. The Board has recommended the payment of a final dividend for 2024 of HK$0.13 per share. Together with the interim dividend of HK$0.12 per share paid, the total dividend for the full year of 2024 is HK$0.25 per share, equivalent to the annual dividend payout ratio of 58.5%. In November 2024, Yuexiu Transport completed its acquisition of 55% equity interests in Henan Yuexiu Pinglin Expressway Company. The acquisition proved successful in the Company's expansion of asset portfolio, deepening of its strategic presence in Central China and the synergistic interaction between the incubation platform and the listed company platform. With geographical advantage and healthy profitability, Henan Pinglin Expressway delivered immediate positive profit contribution to the Company after consolidating the financial statement, which recorded an increase of RMB51 million in toll revenue and increase of RMB9 million in profit attributable to shareholders. The acquisition has provided growth momentum in Yuexiu Transport's future profit and enhanced shareholders' return. Moreover, the Company seized the opportunity to dispose 60% equity interests of Jinxiong Expressway by RMB190 million and realized a disposal gain of approximately RMB65 million, boosting its profit attributable to shareholders. Through the optimization of asset structure and management, the quality of the Company's assets has been further enhanced. In 2024, the Company further optimized its debt structure through diverse measures. By the end of 2024, the weighted average financing rate of the Company was 2.72%, dropped by 0.52 percentage points compared to the end of 2023, and its debt duration was further extended. The optimized financial structure has further strengthened the Company's ability to effectively withstand risks and leverage opportunities for growth amid market votalility. On 29 April 2024, the land for the GNSR Expressway R&E Project was approved by the Ministry of Natural Resources. Later, on 20 June, the construction permit was granted by the Department of Transport of Guangdong Province. With completed necessary pre-construction procedures, the R&E Project advanced to its next stage with construction currently in full swing and overall progress meeting expectations. The GNSR Expressway R&E Project will bolster the Company's most important revenue-generating asset, expand the scale of the Company's asset and is expected to extend the toll operating period, consolidating the Company's long-term profitability and enabling Yuexiu Transport to deepen its regional footprint in the Guangdong-Hong Kong-Macao Greater Bay Area. Yuexiu Transport is committed to becoming a leading transport infrastructure asset management company in China under the guidance of the "3331" development strategy, which includes improving the three platforms (listed platform, REITs platform and incubation platform), enhancing the three core abilities (investment ability, operation and maintenance and construction management ability and capital operation ability) and focusing on three directions (expressway main business, key areas and expansion of related auxiliary businesses). The Company will continue to grasp the strategic opportunity period for expressway investment and mergers and acquisitions. Gaining its foothold in Guangdong-Hong Kong- Macau Greater Bay Area and Central and Eastern China, expanding its presence in other developing areas benefiting from continued urbanisation and industrialisation going forward, making full use of the incubation platform model and exploring opportunities of investing in reconstruction and expansion of quality assets, the Group insists on strengthening and expanding its infrastructure business mainly based on toll #YuexiuTransport The issuer is solely responsible for the content of this announcement. Yuexiu Transport
Associated Press
13-03-2025
- Business
- Associated Press
Yuexiu Transport recorded net profit of RMB 660 million with stable final dividend of 13 HK cents per share
HONG KONG SAR - Media OutReach Newswire - 13 March 2025 - Yuexiu Transport (01052) announced 2024 annual results and recorded revenue of RMB3,867 million. Profit attributable to shareholders was RMB657 million, representing a year-on-year decrease of 14.2%. The drop in profit was mainly due to decline in revenue and the expiration of toll collection right of Northern Ring Road. Nonetheless, starting from May, the Wuhuang Expressway, which completes with the Han'e Expressway, underwent closure for reconstruction and expansion. The Company successfully has managed the traffic divseron from the Wuhuang Expressway. As a result, the average daily toll revenue of Han'e Expressway boasted a significant year-on-year increase of 58.1% during the Year, and brought an important contribution to the Company's overall toll revenue. The Board has recommended the payment of a final dividend for 2024 of HK$0.13 per share. Together with the interim dividend of HK$0.12 per share paid, the total dividend for the full year of 2024 is HK$0.25 per share, equivalent to the annual dividend payout ratio of 58.5%. In November 2024, Yuexiu Transport completed its acquisition of 55% equity interests in Henan Yuexiu Pinglin Expressway Company. The acquisition proved successful in the Company's expansion of asset portfolio, deepening of its strategic presence in Central China and the synergistic interaction between the incubation platform and the listed company platform. With geographical advantage and healthy profitability, Henan Pinglin Expressway delivered immediate positive profit contribution to the Company after consolidating the financial statement, which recorded an increase of RMB51 million in toll revenue and increase of RMB9 million in profit attributable to shareholders. The acquisition has provided growth momentum in Yuexiu Transport's future profit and enhanced shareholders' return. Moreover, the Company seized the opportunity to dispose 60% equity interests of Jinxiong Expressway by RMB190 million and realized a disposal gain of approximately RMB65 million, boosting its profit attributable to shareholders. Through the optimization of asset structure and management, the quality of the Company's assets has been further enhanced. In 2024, the Company further optimized its debt structure through diverse measures. By the end of 2024, the weighted average financing rate of the Company was 2.72%, dropped by 0.52 percentage points compared to the end of 2023, and its debt duration was further extended. The optimized financial structure has further strengthened the Company's ability to effectively withstand risks and leverage opportunities for growth amid market votalility. On 29 April 2024, the land for the GNSR Expressway R&E Project was approved by the Ministry of Natural Resources. Later, on 20 June, the construction permit was granted by the Department of Transport of Guangdong Province. With completed necessary pre-construction procedures, the R&E Project advanced to its next stage with construction currently in full swing and overall progress meeting expectations. The GNSR Expressway R&E Project will bolster the Company's most important revenue-generating asset, expand the scale of the Company's asset and is expected to extend the toll operating period, consolidating the Company's long-term profitability and enabling Yuexiu Transport to deepen its regional footprint in the Guangdong-Hong Kong-Macao Greater Bay Area. Yuexiu Transport is committed to becoming a leading transport infrastructure asset management company in China under the guidance of the '3331" development strategy, which includes improving the three platforms (listed platform, REITs platform and incubation platform), enhancing the three core abilities (investment ability, operation and maintenance and construction management ability and capital operation ability) and focusing on three directions (expressway main business, key areas and expansion of related auxiliary businesses). The Company will continue to grasp the strategic opportunity period for expressway investment and mergers and acquisitions. Gaining its foothold in Guangdong-Hong Kong- Macau Greater Bay Area and Central and Eastern China, expanding its presence in other developing areas benefiting from continued urbanisation and industrialisation going forward, making full use of the incubation platform model and exploring opportunities of investing in reconstruction and expansion of quality assets, the Group insists on strengthening and expanding its infrastructure business mainly based on toll #YuexiuTransport The issuer is solely responsible for the content of this announcement.
