Latest news with #Mok
The Star
8 hours ago
- Business
- The Star
Moomoo Malaysia launches campaign to drive retail investor growth and capability
MOOMOO MALAYSIA has launched a strategic investor development campaign supported by Bursa Malaysia in conjunction with Bursa Malaysia's Shares2U programme, aimed at equipping Malaysian retail investors with the tools, incentives, and market structure needed to engage capital markets with greater confidence and competence. Running from June 6 to July 7, the co-branded campaign blends incentive-led onboarding with performance-based learning. New and experienced investors alike can access a streamlined, technology-driven trading experience via the Moomoo Malaysia platform, which offers tools, insights, and live data to support smarter investment decisions. The campaign introduces a two-pronged opportunity for Malaysians to build investing confidence through: > Rewards worth up to RM 2,200 for new Moomoo users, including RM400 worth of Bursa-listed stocks > A national Malaysia stock trading challenge that is open to all users, with a total prize pool of up to RM14,000, designed to sharpen real-market trading skills. Central to the campaign is Moomoo's emphasis on capability-building. The platform delivers real-time market data, advanced screeners, and analytics tools typically used by professional investors tailored for Malaysian users. By aligning incentives with trading education and decision-making, the campaign supports more informed, self-directed participation in Malaysia's capital markets. Moomoo Malaysia chief executive officer Ivan Mok said 'The long-term health of Malaysia's capital markets will be shaped not by short-term retail surges, but by sustained, self-directed investor capability. 'This campaign supports that trajectory — not just through access to market, but through informed engagement with the market. 'In partnership with Bursa Malaysia, we're combining institutional trust with our professional-grade, real-time trading tools to help Malaysians become active, smart and informed participants in the stock market.' Elevating investor literacy Unlike traditional campaigns focused solely on incentives, this initiative emphasises market experience and financial literacy. The Moomoo platform provides Malaysian users with institutional-grade tools — including real-time data feeds, advanced screeners, and analytics — in a retail-accessible environment. This technology-first approach is intended to strengthen trading discipline and investor readiness across market cycles. 'With markets entering a more uncertain phase — from renewed trade tensions to sector-level volatility — the gap between simply participating and investing with discipline is becoming more obvious,' Mok observed. 'In this environment, investors need more than access. They need the tools and experience to think strategically, manage risk, and stay engaged. 'That's the focus of this campaign — to help investors build capability in real time, with the tools and experience to think strategically, manage risk, and stay engaged in the market,' he added. The trading challenge is open to all users, while additional rewards are available exclusively to new users who meet the qualifying deposit criteria. For more information, click here .
Straits Times
03-06-2025
- Business
- Straits Times
Sats ‘confident' in navigating tariff situation, says chief executive Kerry Mok
– Sats, the Singapore-listed air cargo handling services provider, is confident in facing any disruptions of the global trade war being waged by the US, Mr Kerry Mok, the company's president and chief executive, said on June 3. Speaking to The Straits Times on the sidelines of the Air Cargo Europe trade show, Mr Mok said he views the tariff situation as 'another macroeconomic challenge that we have to handle' that is similar to navigating the pandemic. Air Cargo Europe is being held in Munich until June 5. Sats is the world's largest air cargo handler, following its acquisition of Paris-based global air cargo logistics provider Worldwide Flight Services (WFS) in 2023 at a cost of €1.3 billion (S$1.8 billion). Its global footprint includes 215 cargo and ground handling stations in 27 countries, covering trade routes responsible for more than 50 per cent of global air cargo volume. Mr Mok said his confidence stems from 'the playbook that we have developed through Covid, (which) has served us well'. So far, air cargo volumes have not been affected by hefty tariff increases, possibly because of front-loading by businesses to get their goods off the ground during the 90-day reprieve, he said. On May 12, China and the US agreed to lower reciprocal tariffs to 10 per cent for 90 days while they commit to trade talks. While it is uncertain what will happen after the 90 days, Mr Mok said he expects that Sats, as a global company, will be able to weather the storm. A part of the business that is not doing well could be propped up by other parts of the business that are unaffected, he said. 'In a networked environment, if US volumes drop, Europe's volume increases, Asia volumes may increase,' he said. Because Sats has a global network, it may in fact benefit from a rise in volumes elsewhere, he added. Total demand for air cargo rose by 5.8 per cent in April 2025, compared to April 2024 levels, according to data released by the International Air Transport Association (IATA) . Its director-general also said the outlook for air cargo is encouraging, though 'stresses in world trade are no secret'. One of the lessons to come out of the Covid-19 pandemic is that air cargo was 'a shining spot' for many airlines and companies, said Mr Mok. When Sats was looking to expand, 'we identified cargo as a segment for expansion, because cargo is global ... and our customers operate in a global environment'. Sats offers airport services like airfreight handling, passenger services, and ground handling. It is also a major airline caterer and provider of food solutions to other institutions. 'We can't just stay big in Singapore and then be happy with that,' he said. Mr Mok said the WFS acquisition made sense because 'we are the leader in Asia Pacific, and they are market leaders in the US, the Americas and in EMEA (Europe, Middle East, and Africa) , and we have very little overlap'. Nonetheless , Mr Mok said, the acquisition was not without its naysayers. 'People said there's no chance… that Singapore companies always fail when they go overseas,' he said. But Sats took a long-term view, rather than focus on short-term profits and liabilities. 'That's not how we run the business,' he said. 'I think people are now starting to understand that it's working financially. We're now back on track,' he said. In May, Sats reported a net profit of $38.7 million for the three months ended March 31, 2025, gaining 18.3 per cent from $32.7 million in the corresponding year-ago period. Revenue for the fourth quarter was $1.5 billion, up 10.4 per cent year-on-year from $1.3 billion. This was driven by continued business volume growth and rate improvements, said Sats in a media release in May. On a full-year basis, the group reported profit of $243.8 million, soaring more than four times from $56.4 million a year ago. Revenue came in at $5.8 billion, gaining 13 per cent from $5.1 billion a year ago. Terminal 5 Turning to Terminal 5, Mr Mok said Sats will 'play a big part in the design of T5', particularly in the area of technology. In May, Sats announced that it would be investing over $250 million to upgrade its ground operations and cargo handling infrastructure at Changi Airport ahead of the opening of T5 in the mid-2030s. An expansion project more than a decade in the making, T5 will position Changi Airport to ride a predicted surge in air travel within the Asia-Pacific and beyond. Designed to handle about 50 million passengers a year, T5 will effectively double the size of Changi Airport and boost its current capacity of 90 million by more than 55 per cent. The Changi East development, where T5 is located, will also house the Changi East Industrial Zone, which will almost double the airport's annual cargo handling capacity from three million tonnes to 5.4 million tonnes. Mr Mok said the investment would refresh Sats' operations and bring in new equipment, with the goal of driving up productivity. 'We've got to find new technologies, new ways that will allow us to be efficient in driving the growth of T5,' he said. The solutions will not be those that exist today, he promised, noting that Sats can tap global network and the trials it has going on around the world. For example, a WFS cargo facility in Barcelona is testing automatic guided vehicles as part of an initiative to incorporate automation and improve efficiency, safety and productivity. 'It's important that T5 succeeds, and we want to play a big role in making that work for Changi,' Mr Mok said. Vanessa Paige Chelvan is a correspondent at The Straits Times. She writes about all things transport and pens the occasional commentary. Join ST's WhatsApp Channel and get the latest news and must-reads.
Borneo Post
23-05-2025
- Business
- Borneo Post
China offers global consumers fresh shopping experiences
Phan poses for a photo in Miao ethnic costumes at the Fenghuang ancient town in Xiangxi Tujia and Miao Autonomous Prefecture, central China's Hunan Province on Sept 2, 2024. – Xinhua photo TIANJIN (May 24): Mok Jin Jin, a Malaysian student at Nankai University in north China's Tianjin Municipality, has observed a shift in his family's lifestyle since they received a Chinese-made blender. His mother now frequently tries new healthy breakfast beverages like soy milk, milkshakes and freshly made juices. She particularly appreciates the one-button self-cleaning function, which saves her time and effort. Not long ago, Mok purchased the blender through a Chinese e-commerce platform as a gift for his family. 'Chinese-made products excel in performance and design. They not only improve the living quality but also fulfill consumers' expectations of modern consumption,' Mok said. The notion that Chinese products were 'cheap and low-quality' was for long a common stereotype. However, in recent years, China has made significant strides in technological innovation and industrial upgrades, resulting in a remarkable improvement in the competitiveness of Chinese products. At the same time, China's increasingly diverse consumer market has provided foreign consumers with a more international, fashionable and multifaceted shopping experience. 'International brands are ubiquitous in China's major cities, and global products are easily accessible through online shopping platforms. 'This has made shopping in China extremely convenient,' Mok said. He was also pleasantly surprised to find several Malaysian food brands available in Chinese supermarkets and on e-commerce platforms. 'It's wonderful to be able to enjoy familiar tastes while abroad,' he said. Phan Dinh Thang, a Vietnamese student studying Chinese at Nankai University, echoed this sentiment. 'Shopping in China feels like 'global shopping' with an incredibly wide range of options,' he said. As more Vietnamese people learn Chinese, they find it easier to purchase quality products on Chinese e-commerce platforms. Thanks to China's robust supply chain system and efficient logistics network, goods shipped from China to Vietnam not only arrive quickly but are also cost-effective and often more affordable than local options in Vietnam. 'This has made 'Chinese shopping' a new trend in Vietnam and highlights the increasingly close consumer ties between China and Vietnam,' Phan explained. With China continuously optimising its international consumption environment, such as offering visa exemptions for some countries, enhancing departure tax refund policies and expanding international credit card payment channels – making shopping trips to China a new trend in cross-border tourism. Maltseva Varvara, a Russian visitor, shared her experience: 'The best thing about shopping in China is how fast, convenient and hassle-free it is.' After linking her international credit card to Alipay, Varvara found it easy to pay as she simply needed to scan via her phone by using a quick tap on its screen. 'The recent improvements in the departure tax refund policy have made shopping and traveling in China even more convenient and welcoming.' Some overseas consumers have formed 'shopping groups' and flown long distances to China to purchase popular products. According to data from China's Ministry of Commerce, the number of foreign visitors to Shanghai, Beijing, Guangzhou, Tianjin and southwest China's Chongqing in 2024 was nearly double the figure of the previous year. These five cities are home to almost 70 per cent of China's tax refund stores, while their imports of consumer goods accounted for over half of China's total last year. Foreign consumption in China has seen a noticeable increase. The National Immigration Administration reported that, since the implementation of a 240-hour visa-free transit policy, the number of foreign visitors has grown by 40.2 per cent year on year, with 71.3 per cent of them entering visa-free. The recent signing of a visa exemption agreement between China and Malaysia has made travel for Malaysian tourists more convenient. 'It's much easier for my friends and family to visit China now, and they get to experience firsthand the increasingly convenient living environment and vibrant consumer market here,' Mok said. China's Vice Commerce Minister Sheng Qiuping recently stated that China will continue to improve its international consumption environment, increase the supply of high-quality products, and create more diversified consumption scenarios to boost inbound consumption. Li Wei, dean of the Honor College of Tianjin Foreign Studies University, said that China is fostering an open, inclusive and diverse consumption environment that appeals to foreign visitors. 'This offers more opportunities for global consumers and businesses.' – Xinhua China consumer Made in China shopping Xinhua
Straits Times
23-05-2025
- Business
- Straits Times
Sats Q4 profit rises 18.3% to $38.7 million
Sats has proposed a final dividend of 3.5 cents per share, which will be paid on Aug 15, after shareholder approval. PHOTO: SATS SINGAPORE - In-flight caterer Sats on May 23 reported net profit of $38.7 million for the three months ended March 31, 2025, gaining 18.3 per cent from $32.7 million in the corresponding year-ago period. Revenue for the fourth quarter was $1.5 billion, up 10.4 per cent year on year from $1.3 billion. This was driven by continued business volume growth and rate improvements, said Sats in a media release. The group has proposed a final dividend of 3.5 cents per share, which will be paid on Aug 15, after shareholder approval. The book closure date is Aug 1. This is higher than the final dividend of 1.5 cents per share in the corresponding year-ago period. For the second half ended March 31, profit climbed 70.2 per cent to $109.1 million, from $64.1 million. The latter figure has been reclassified, as the group changed the classification of operating expenses in the condensed interim consolidated income statement to provide better clarity and understanding of its expenses. The profit translates to an earnings per share of 7.3 cents , compared with 4.3 cents . Revenue for the six months was $3 billion, up 11.4 per cent from $2.7 billion. On a full-year basis, the group reported profit of $243.8 million, soaring more than four times from $56.4 million a year ago. Revenue came in at $5.8 billion, gaining 13 per cent from $5.1 billion a year ago. Commenting on the results, Sats president and chief executive Kerry Mok said: 'We captured $103 million in Ebitda (earnings before interest, taxes, depreciation and amortisation) integration synergies in just two years, driven by the strength of our platform and disciplined execution.' He highlighted 'notable customer wins across (Sats') network, including multiple new cargo and ground handling contracts secured with key customers such as Air India, Emirates and DHL in major airports'. Mr Mok added that the group recently announced a phased investment of over $250 million for Singapore Hub to upgrade ground operations and cargo handling infrastructure. 'This reflects our continued focus on operational excellence and our role in strengthening the broader Changi Airport ecosystem,' he said. Shares of Sats ended flat at $2.98 on May 23. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Malaysia Sun
21-05-2025
- Business
- Malaysia Sun
China offers global consumers fresh shopping experiences
TIANJIN, May 21 (Xinhua) -- Mok Jin Jin, a Malaysian student at Nankai University in north China's Tianjin Municipality, has observed a shift in his family's lifestyle since they received a Chinese-made blender. His mother now frequently tries new healthy breakfast beverages like soy milk, milkshakes and freshly made juices. She particularly appreciates the one-button self-cleaning function, which saves her time and effort. Not long ago, Mok purchased the blender through a Chinese e-commerce platform as a gift for his family. "Chinese-made products excel in performance and design. They not only improve the living quality but also fulfill consumers' expectations of modern consumption," Mok said. The notion that Chinese products were "cheap and low-quality" was for long a common stereotype. However, in recent years, China has made significant strides in technological innovation and industrial upgrades, resulting in a remarkable improvement in the competitiveness of Chinese products. At the same time, China's increasingly diverse consumer market has provided foreign consumers with a more international, fashionable and multifaceted shopping experience. "International brands are ubiquitous in China's major cities, and global products are easily accessible through online shopping platforms. This has made shopping in China extremely convenient," Mok said. He was also pleasantly surprised to find several Malaysian food brands available in Chinese supermarkets and on e-commerce platforms. "It's wonderful to be able to enjoy familiar tastes while abroad," he said. Phan Dinh Thang, a Vietnamese student studying Chinese at Nankai University, echoed this sentiment. "Shopping in China feels like 'global shopping' with an incredibly wide range of options," he said. As more Vietnamese people learn Chinese, they find it easier to purchase quality products on Chinese e-commerce platforms. Thanks to China's robust supply chain system and efficient logistics network, goods shipped from China to Vietnam not only arrive quickly but are also cost-effective and often more affordable than local options in Vietnam. "This has made 'Chinese shopping' a new trend in Vietnam and highlights the increasingly close consumer ties between China and Vietnam," Phan explained. With China continuously optimizing its international consumption environment, such as offering visa exemptions for some countries, enhancing departure tax refund policies and expanding international credit card payment channels -- making shopping trips to China a new trend in cross-border tourism. Maltseva Varvara, a Russian visitor, shared her experience: "The best thing about shopping in China is how fast, convenient and hassle-free it is." After linking her international credit card to Alipay, Varvara found it easy to pay as she simply needed to scan via her phone by using a quick tap on its screen. "The recent improvements in the departure tax refund policy have made shopping and traveling in China even more convenient and welcoming." Some overseas consumers have formed "shopping groups" and flown long distances to China to purchase popular products. According to data from China's Ministry of Commerce, the number of foreign visitors to Shanghai, Beijing, Guangzhou, Tianjin and southwest China's Chongqing in 2024 was nearly double the figure of the previous year. These five cities are home to almost 70 percent of China's tax refund stores, while their imports of consumer goods accounted for over half of China's total last year. Foreign consumption in China has seen a noticeable increase. The National Immigration Administration reported that, since the implementation of a 240-hour visa-free transit policy, the number of foreign visitors has grown by 40.2 percent year on year, with 71.3 percent of them entering visa-free. The recent signing of a visa exemption agreement between China and Malaysia has made travel for Malaysian tourists more convenient. "It's much easier for my friends and family to visit China now, and they get to experience firsthand the increasingly convenient living environment and vibrant consumer market here," Mok said. China's Vice Commerce Minister Sheng Qiuping recently stated that China will continue to improve its international consumption environment, increase the supply of high-quality products, and create more diversified consumption scenarios to boost inbound consumption. Li Wei, dean of the Honor College of Tianjin Foreign Studies University, said that China is fostering an open, inclusive and diverse consumption environment that appeals to foreign visitors. "This offers more opportunities for global consumers and businesses."
