Latest news with #TEAM
The Sun
2 days ago
- Business
- The Sun
Malaysian timber exports resilient in face of global headwinds
KUALA LUMPUR: Malaysia's timber exports continue to show resilience, achieving a total value of RM9.03 billion from January to May this year despite headwinds such as the United States' imposition of tariffs, a slowdown in the global economy and other external challenges. Plantation and Commodities Deputy Minister Datuk Chan Foong Hin said the main export products during this period were wooden furniture worth RM3.9 billion, plywood RM933.8 million, sawn timber RM797.8 million, builders' joinery and carpentry RM560.5 million, and mouldings RM382 million. 'Nevertheless, the industry continues to strive for better results despite the challenges faced, to maintain the competitiveness of Malaysia's timber exports,' he said at a Timber Exporters' Association of Malaysia (TEAM) anniversary event recently that drew over 400 attendees, including representatives from government agencies, industry councils, international buyers and trade partners. Chan acknowledged the industry's concerns over the European Union Deforestation Regulation (EUDR), which demands a high level of supply chain transparency and verification. In response, he said that the ministry is working closely with relevant agencies to ensure full compliance throughout the entire timber value chain, with a strong focus on traceability, transparency and legality. The ministry has also been engaging with industry stakeholders, including TEAM, on other developments such as the proposed listing of the Shorea species under Appendix II of the Convention on International Trade in Endangered Species or CITES. 'While this listing poses compliance and operational challenges, it also presents an opportunity for Malaysia to reinforce its position as a leader in sustainable and verified timber production,' Chan said. He noted that the global timber trade has become increasingly competitive, with neighbouring countries such as Indonesia and Vietnam recording strong growth over the past two decades. 'Nevertheless, Malaysia continues to maintain its edge through adherence to legal frameworks, professionalism and a long-standing reputation for quality values that TEAM has consistently upheld,' he added. Chan also addressed domestic concerns over the expanded Sales and Service Tax (SST) and US trade tariffs, which have raised costs and eroded competitiveness. The SST, he said, has increased operational expenses by 8–12%, which has pushed up prices across the supply chain and particularly affected small and medium enterprises. 'Although export products aren't directly taxed, rising production costs are starting to erode Malaysia's long-standing export strength. Meanwhile, US trade tariffs may reduce export volumes and profit margins, although economists believe the overall impact on Malaysia's 2025 trade balance will be minimal,' he said. To mitigate these effects, Chan said, the ministry, along with agencies such as the Malaysian Timber Industry Board, the Malaysian Timber Council, TEAM, and the Malaysian Furniture Council, are actively engaging stakeholders to identify challenges, ease compliance burdens, and protect the timber sector's global standing. 'These efforts include gathering industry feedback and supporting businesses in maintaining high standards of quality and sustainability. The ministry encourages unity and innovation among industry players to ensure Malaysian timber products continue to be valued worldwide,' he said. Looking ahead, Chan said the domestic timber industry's future will be shaped by three major trends – sustainability, digital transformation and evolving consumer lifestyles. 'Through the National Agricommodity Policy 2021–2030, we are addressing these challenges via five key thrusts: sustainability, productivity, value creation, market development, and inclusivity.: Chan emphasised that global consumers now place strong emphasis on environmentally responsible products, adding that Malaysian manufacturers are already at the forefront of sustainable practices, backed by internationally recognised certification such as the Malaysian Timber Certification Scheme (MTCS). MTCS is the first tropical timber certification in the Asia-Pacific to be endorsed by the Programme for the Endorsement of Forest Certification (PEFC), the world's largest forest certification system. 'It is important to enhance MTCS in alignment with PEFC further to maintain Malaysia's global reputation for sustainable and legally sourced timber. 'As we move forward, let us continue to strengthen the industry's credibility through initiatives such as the Malaysian Timber Legality Assurance System, the development of traceability and digital documentation tools, building national capacity to meet EUDR requirements, and adopting a holistic approach to mitigate the potential listing of Shorea under CITES,' Chan said. TEAM president Chua Song Fong is urging the government to exempt timber and timber-based products from the expanded SST list, like cement and sands. He proposed the government to initiate a stakeholder dialogue to reassess the impact and explore alternative tax models. 'We remain committed to working with the government to achieve a balance between fiscal sustainability and industrial viability, and we stand ready to provide data, industry insights, and policy recommendations to support this cause. 'We must also embrace technology and digital traceability to meet EUDR and other market requirements, work with policymakers to streamline compliance and reduce red tape, and focus on value-added products, sustainable certification, and positioning Malaysia as a responsible, premium timber exporter,' he said.
Yahoo
19-07-2025
- Business
- Yahoo
Atlassian stock: Should you own it into the print, or wait to buy a dip after?
-- Investors are split on Atlassian (NASDAQ:TEAM) ahead of its fiscal fourth-quarter earnings, with Bernstein stating in a note this week that it has become 'one of the most debated names in our coverage.' The key question heading into the results, according to the firm, is: 'Should we own it into the print, or wait to buy a dip after?' Bernstein maintained an Outperform rating and a $310 price target on the stock, citing long-term strength and upside potential despite near-term uncertainty around guidance. 'The real anxiety surrounds the upcoming FY26 guidance and how the company will balance its 3-year 20% CAGR target with a desired beat and raise cadence,' analysts wrote. While the firm expects FY26 growth to reach 21% to 22%, it anticipates that Atlassian may initially guide to only around 17% growth. That's below both the 3-year 20% CAGR target and the current sell-side consensus of ~19%. Still, Bernstein said: 'Investors we spoke with seemed to believe a FY26 17% growth guide would thread the needle, and be received positively.' For FY25, the outlook is said to be more confident. Bernstein expects growth 'closer to 20% vs. the initial 'de-risked' 16% guide.' They believe cloud revenue should remain in the low-20% range, supported by price increases and stable seat expansion, while Data Center could grow 20%+ due to pricing strength. 'Net net: we see line of sight to 20%+ CAGR… and risk seems to be to the upside,' Bernstein concluded. The firm believes concerns around Rovo monetization and developer employment may be 'overblown,' and any downside from seat reductions 'won't materialize (and may end up a tailwind).' Related articles Atlassian stock: Should you own it into the print, or wait to buy a dip after? These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Surge of 50% since our AI selection, this chip giant still has great potential 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
Time of India
27-06-2025
- Business
- Time of India
From Charkha to Chandrayaan: MSMEs are the driving force behind India's Viksit Bharat vision, says NSIC CMD on World MSME Day
As India celebrates World MSME Day , Subhransu Sekhar Acharya , Chairman-cum-Managing Director of the National Small Industries Corporation (NSIC), reflects on the transformative journey of India's MSME sector—from supporting rural artisans to powering space missions. In a candid conversation with ET Digital, Acharya outlines NSIC 's role in aligning with flagship government schemes, fostering digital entrepreneurship, and skilling youth through cutting-edge industrial technologies. He asserts that MSMEs will be the backbone of a Viksit Bharat , positioning India to lead the 21st century. Edited excerpts: ET: How do you see the MSME sector evolve over the years? Subhransu Sekhar Acharya (SSA): NSIC is an organization that has a 70-year-old legacy, and you can say that it has witnessed India's development journey. If you are talking about the MSME sector, which was earlier the small industry sector, I can sum it up in just two words: from Charkha to Chandrayaan. In the initial days, our focus was rural industries. But while we consolidate our base in the rural sector, our MSME sector has evolved to, in fact, be a catalyst in the country's growth in its space missions. So, our MSME sector today is truly agrani, adhunik, and Aatmanirbhar. The MSME sector today stands tall among all sectors contributing to India's dream of Viksit Bharat. The large industry sector has a job potential, but it is limited. Every year, about 15 million people graduate from our universities and colleges, but we cannot truly provide jobs for all of them. So, it is the MSME sector that has this potential to constructively engage our youth in job-providing activities, in value-creating activities, and in making everyone add value in our march towards becoming a developed nation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An Phu Dong: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo ET: NSIC is a nodal agency for key MSME schemes from the Ministry of MSME. So how do you ensure that your schemes remain aligned with the overall national MSME policy? SSA: If we are dreaming about a Viksit Bharat by 2047, we must ensure that everybody adds incremental value addition, even in their existing activities. The Government of India, through its various aspirational schemes—whether it is PM Vishwakarma Yojana, PM SVANidhi, or others—is targeting that everybody doing something adds incremental value so that the sum total propels India to developed nation status. We are fortunate to be part of many of the government initiatives. PM Vishwakarma is a very aspirational scheme that envisages bringing entrepreneurship to traditional activities. We have our shilpakars, sonars, and lohars—but how to add value by making them entrepreneurs? So NSIC is participating in that in its own way. The Government of India has launched a programme called the MSME Trade Enablement and Marketing (TEAM) scheme, where we are in the process of onboarding 500,000 MSMEs on digital market platforms, and 50% of them we are targeting to be women entrepreneurs. ET: NSIC also runs training incubation centres and common facility centres. Please tell us about them. How many such centres are operational today, and what do you want to achieve with them? SSA: Problems that MSMEs face are multi-dimensional. One of them is the lack of adequate skilled manpower to man the shop floors of MSMEs. Today we can possibly install a machine, but then we do not have skilled hands to run those machines. At NSIC, through our technology centres, we are making skilled manpower available by providing them skills in various modern industrial technologies. Then we have incubation centres. We are talking about enterprise creation—that once an enterprise is created, we can develop it. But how do we bring together one mechanism where our youth, who are looking to do something, are skilled in trades of their choice, then given entrepreneurial training and hand-holding support to approach banks and link them to the market? Through our livelihood incubation centres, also called enterprise creation labs, we are training them in various trades, preparing business plans for them and submitting them to banks for credit support, and after they start producing something, linking them to the market. Live Events ET: We are currently in the era of Industry 4.0. What are the key modern technologies and Industry 4.0 solutions that NSIC offers to help MSMEs adapt and grow? SSA: NSIC is offering a range of modern technologies and Industry 4.0 solutions to help MSMEs adapt and grow. Our offerings include Smart Factory Solutions, Augmented Reality (AR), Virtual Reality (VR), CNC and VNC Machine Training, Solar Installation Technologies, Solar Pump Technologies, Electric Vehicle Technologies, and Robotics, etc. The goal is to create a skilled workforce capable of implementing these advanced technologies and helping MSMEs improve their productivity and market positioning. ET: As India celebrates World MSME Day today, what would be your message to the MSME community in the country? SSA: The 21st century is going to be India's century. The 19th century was of Europe, and the 20th century was possibly of the US. Our MSMEs are going to play a pivotal role in helping India acquire that space, acquire that leadership, and contribute to the vision of a Viksit Bharat. MSMEs are going to be the solid rock foundation for our Viksit Bharat dream. To the MSMEs, I will say: this is the best time to grow and touch the next level of success. WATCH THE FULL COVERAGE OF ET MSME DAY 2025
Yahoo
25-06-2025
- Business
- Yahoo
Mizuho Trims Atlassian (TEAM) Price Target, Maintains Buy Rating
Atlassian Corporation (NASDAQ:TEAM) is one of 10 AI stocks that will skyrocket. Mizuho has lowered its price target on Atlassian Corporation (NASDAQ:TEAM) to $325 from $355, while maintaining an Outperform rating following the company's recent user conference. The adjustment reflects what the firm describes as a 'meaningful recent contraction' in comparable valuation multiples, driven by broader market concerns and an increased likelihood of a recession. In a research note to investors, Mizuho emphasized that while macroeconomic uncertainty has impacted near-term sentiment and sector valuations, it continues to view Atlassian's long-term fundamentals positively. The firm said the company's growth trajectory remains underappreciated and believes Atlassian is well-positioned to outperform peers over a multi-year horizon. Atlassian Corporation (NASDAQ:TEAM), known for its collaborative software tools including Jira, Confluence, and Trello, has seen consistent demand from both large enterprises and smaller development teams. Mizuho pointed to the company's ongoing investments in cloud migration, product innovation, and AI-enhanced features as drivers of future revenue and customer expansion. Despite the revised price target, the Outperform rating signals confidence in Atlassian's ability to navigate macro challenges while continuing to grow its user base and improve profitability. Mizuho maintains that Atlassian's combination of product breadth, customer loyalty, and long-term margin potential sets it apart from many competitors in the enterprise software space. While we acknowledge the potential of TEAM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TEAM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and 7 Most Popular AI Penny Stocks Under $5 To Avoid. Disclosure: None. 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
Business Wire
12-06-2025
- Business
- Business Wire
Cave Consulting Group's (CCGroup) Midwest Health System Client Has Superior Performance Results for Knee/Hip Replacement Surgery
SAN MATEO, Calif.--(BUSINESS WIRE)--'Using our extensive benchmarking database, CCGroup identifies a Midwest health system client as being in the upper performance tier for treating lower extremity joint replacements (LEJR) under the CMS Transforming Episode Accountability Model (TEAM),' stated Dr. Douglas G. Cave, President/CEO of CCGroup. 'The CCGroup-CMS Region LEJR bundle average is $20,500, while our client's average is $17,000 (or 17% more efficient),' stated Yuri Alexandrian, COO of CCGroup. He continued, 'Our health system client participated in the CMS Bundled Payments for Care Improvement (BPCI) initiative for knee/hip replacement. During this time, the health system implemented a new operating model where knee/hip replacement surgery moved from inpatient facility to outpatient facility and ambulatory surgery center (ASC) settings. Now, our client is mandated to participate in CMS TEAM bundles payment.' CCGroup determines LEJR TEAM bundle results using the CCGroup-CMS Innovator Project. 'The CCGroup-CMS Innovator Project is a Cloud/SaaS Subscription Model offering that has efficiency and quality results for most practicing specialists in the United States,' explained Dr. Cave. 'The CCGroup-CMS Region LEJR bundle average is $20,500, while our client's average is $17,000 (or 17% more efficient),' stated Yuri Alexandrian, COO of CCGroup. A main reason for bundle efficiency improvement is the significant movement from inpatient to outpatient facility for our client's LEJR bundles. For instance, the CCGroup-CMS Region average is 55 admissions per 100 LEJR bundles as compared to our client's average of 23 admissions per 100 LEJR bundles. 'This finding decreases our client's average inpatient cost to $3,300 per bundle as compared to the peer group's average of $8,300 per bundle (or 60% less),' explained Mr. Alexandrian. Dr. Cave mentioned, 'Inpatient facility reduction is only half the battle to achieving a high performance bundle rating. A health system also needs to reduce adverse events as measured by unplanned hospital readmissions and the CMS patient safety and adverse events (PSAE) composite. Our client's PSAE composite is 30% of all LEJR bundles, while the CCGroup-CMS Region PSAE composite is 19% (both are higher than expected). The key adverse event category is complications directly related to surgery. Our client understands the need to address ASC quality improvement.' Moreover, during the 30-day follow-up period, health systems must address the appropriate post-acute care level of rehabilitation facility and home health care (Rehab/HHC) services. Mr. Alexandrian defined, 'In many instances, we observe savings achieved from lower LEJR inpatient facility utilization that is mostly offset by overutilization of Rehab/HHC services. However, this is not the case for our client where the average Rehab/HHC amount is $775 per bundle as compared to the peer group of $1,200 per bundle (or 35% less).' CCGroup benchmark results show average Rehab/HHC per LEJR bundle varies from $450 to $3,100 – over a 6-fold difference. Future press releases will address CCGroup client-related results for CMS TEAM surgical hip femur fracture treatment, spinal fusion, coronary artery bypass graft, and major bowel procedure. About Cave Consulting Group, Inc. (CCGroup) Cave Consulting Group, Inc. is a software and consulting firm located in San Mateo, California. The company is focused on improving the efficiency (cost-of-care) and effectiveness (quality-of-care) of the healthcare delivery system. Senior management of CCGroup has assessed the performance of physicians and hospitals for over 33 years for health systems, provider groups, CINs, ACOs, health plans, HMOs, and TPAs.
