Latest news with #Otec
Daily Express
25-05-2025
- Business
- Daily Express
How thermal energy can unlock Sabah's economic potential
Published on: Sunday, May 25, 2025 Published on: Sun, May 25, 2025 Text Size: The nutrient-rich deep ocean/sea water (DOW) used in OTEC processes can be channelled into aquaculture. (Pic: Bayu Aquaculture) The recent enactment of the Ocean Thermal Energy Conversion (OTEC) law by the Sabah Legislative Assembly marks a pivotal step towards sustainable development. Beyond generating renewable energy, OTEC technology offers a multitude of benefits that can significantly enhance Sabah's economy and the well-being of its people. Desalinated Water Production Otec systems inherently produce fresh water as a byproduct, addressing water scarcity issues prevalent in many regions. This desalinated water can support agriculture, provide potable water to communities, and reduce reliance on traditional, energy-intensive desalination methods. Aquaculture Enhancement The nutrient-rich deep ocean/sea water (DOW) used in OTEC processes can be channelled into aquaculture, fostering the cultivation of high-value marine species. Advertisement This not only boosts local food production but also creates employment opportunities in fisheries and related industries. Agricultural Productivity Soil cooling systems can utilize DOW's cool temperatures to cultivate temperate crops in tropical climates. This diversification can lead to increased agricultural yields and the introduction of new crops to the market, benefiting local farmers and consumers alike. Tourism Development Integrating OTEC facilities with tourism can create unique attractions, such as spas and wellness centres that use the mineral-rich DOW. This can attract tourists seeking novel experiences, thereby boosting the local tourism industry and generating additional revenue. Air Conditioning Efficiency District cooling systems can use the cold seawater from Otec systems as an energy-efficient alternative to air conditioning in urban areas. This reduces electricity consumption and operational costs, contributing to more sustainable urban development. Green hydrogen production. Otec technology facilitates the production of green hydrogen, a clean fuel with applications in various industries, including transportation and manufacturing. Developing a green hydrogen economy can position Sabah as a leader in renewable energy innovation. Environmental Conservation By reducing reliance on fossil fuels, Otec contributes to lower greenhouse gas emissions, aiding in the fight against climate change. Additionally, the sustainable use of ocean resources promotes marine conservation efforts. Educational and research opportunities. The implementation of Otec projects can serve as a platform for scientific research and education, fostering innovation and knowledge transfer. Collaborations with academic institutions can lead to advancements in marine sciences and renewable energy technologies. Community Empowerment Participating local communities in Otec projects guarantees the equitable distribution of benefits. Capacity-building initiatives can equip residents with the skills needed to participate in and sustain these projects, promoting inclusive development. Economic Diversification The multifaceted applications of Otec technology can stimulate various sectors, from agriculture to tourism, leading to a more resilient and diversified economy. This reduces dependence on traditional industries and opens new avenues for growth. Human resource development and technology transfer. The adoption of OTEC technology necessitates special skills and knowledge, prompting the development of targeted educational and training programs. The emphasis on human resource development equips the local workforce to manage and operate OTEC facilities, promoting a culture of innovation and technical proficiency. Collaborations with international experts facilitate the transfer of technology, enabling Sabah to build local expertise and reduce dependence on external resources. Upstream and downstream business opportunities. Otec technology stimulates a spectrum of business opportunities. Upstream activities include research and development, engineering, and manufacturing of OTEC components, which can invigorate local industries and create high-skilled jobs. Downstream, the benefits extend to sectors such as agriculture, aquaculture, tourism, and water supply, all of which can leverage the outputs of Otec systems to enhance their operations and services. This integrated approach fosters a robust economic ecosystem, driving sustainable development across the state. Otec law represents a transformative opportunity for Sabah. By harnessing the ocean's thermal energy, the state can unlock a spectrum of benefits that drive economic growth, environmental sustainability and social well-being. Strategic planning and community involvement will be crucial in realising the full potential of OTEC technology, paving the way for a prosperous and sustainable future for Sabah. Mohd Haris Abdul Rani (UiTM)
Yahoo
13-05-2025
- Business
- Yahoo
Beijing Tongyizhong New Material Technology And 2 Other Undiscovered Gems In Asia
Amid hopes for tariff de-escalation and the potential for broader negotiations between the U.S. and China, small- and mid-cap indexes have shown resilience, posting gains for the fifth consecutive week. In this environment of cautious optimism, investors are increasingly looking towards undiscovered gems in Asia that offer innovative solutions and growth potential. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Otec 8.17% 3.43% 1.06% ★★★★★★ Kanro NA 6.67% 37.24% ★★★★★★ Korea Ratings NA 0.74% 1.47% ★★★★★★ Konishi 0.15% 0.46% 12.50% ★★★★★★ Thai Steel Cable NA 3.84% 18.67% ★★★★★★ Dura Tek 4.98% 42.18% 94.37% ★★★★★☆ Billion Industrial Holdings 7.13% 18.54% -14.41% ★★★★★☆ VCREDIT Holdings 115.47% 25.47% 30.34% ★★★★☆☆ Silvery Dragon Prestressed MaterialsLTD Tianjin 30.19% 1.25% 4.96% ★★★★☆☆ Yukiguni Factory 134.59% -3.29% -32.04% ★★★★☆☆ Click here to see the full list of 2666 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. We'll examine a selection from our screener results. Simply Wall St Value Rating: ★★★★★☆ Overview: Beijing Tongyizhong New Material Technology Corporation focuses on the research, development, production, and sale of ultra-high molecular weight polyethylene fibers and composite materials both in China and internationally, with a market cap of CN¥5.61 billion. Operations: Tongyizhong generates revenue primarily from the sale of ultra-high molecular weight polyethylene fibers and composite materials. The company's financial performance includes tracking key metrics such as gross profit margin, which is a critical indicator of its profitability. Beijing Tongyizhong New Material Technology, a smaller player in the industry, has shown impressive growth with earnings surging 33% last year, outpacing the broader Chemicals sector. The company reported first-quarter sales of CNY 252.99 million, more than doubling from CNY 111.5 million a year earlier, and net income reached CNY 43.4 million compared to CNY 17.55 million previously. Despite its debt-to-equity ratio increasing from 3% to 12.4% over five years, it holds more cash than total debt, suggesting financial flexibility and resilience amidst market volatility and competitive pressures in the materials sector. Click to explore a detailed breakdown of our findings in Beijing Tongyizhong New Material Technology's health report. Assess Beijing Tongyizhong New Material Technology's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★☆☆ Overview: Ongoal Technology Co., Ltd. focuses on the research, design, production, and sale of material handling and automation equipment in China with a market capitalization of CN¥5.06 billion. Operations: The primary revenue stream for Ongoal Technology comes from its Industrial Automation & Controls segment, generating CN¥2.16 billion. Ongoal Technology, a notable player in the Asian market, recently completed an IPO raising CNY 532 million. Despite a dip in annual sales to CNY 2.16 billion from CNY 3.20 billion, net income stood at CNY 220 million for 2024. The company boasts high-quality earnings and has its interest payments well covered with EBIT at 19 times interest expenses. However, earnings growth faced challenges with a negative rate of -30% compared to the industry average of 1.6%. Ongoal's inclusion in major indices like the Shenzhen Composite Index highlights its growing recognition despite liquidity concerns. Click here and access our complete health analysis report to understand the dynamics of Ongoal Technology. Evaluate Ongoal Technology's historical performance by accessing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: WinWay Technology Co., Ltd. specializes in designing, processing, and selling optoelectronic product test fixtures and integrated circuit test interfaces globally, with a market cap of NT$34.53 billion. Operations: WinWay Technology generates revenue primarily from the sale of optoelectronic product test fixtures and integrated circuit test interfaces across various regions including Taiwan, the Americas, China, Asia, Europe, and Canada. The company has a market capitalization of NT$34.53 billion. WinWay Technology, a nimble player in the semiconductor space, has seen its earnings skyrocket by 207% over the past year, outpacing the industry's 17% growth. The company's price-to-earnings ratio of 21.6x is attractive compared to the sector's average of 24x. Despite recent share price volatility, WinWay remains financially sound with more cash than total debt and a reduced debt-to-equity ratio from 3.9% to 2.8% over five years. Recent quarterly sales reached TWD 2.3 billion, nearly doubling from last year, while net income hit TWD 612 million up from TWD 200 million previously reported for Q1 last year. Click here to discover the nuances of WinWay Technology with our detailed analytical health report. Gain insights into WinWay Technology's past trends and performance with our Past report. Get an in-depth perspective on all 2666 Asian Undiscovered Gems With Strong Fundamentals by using our screener here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This 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. Companies discussed in this article include SHSE:688722 SZSE:301662 and TWSE:6515. Have feedback on this article? Concerned about the content? with us directly. 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