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Tian Yuan Group Holdings to Step Into Mineral Ore Trading Among Others in Indonesia
TIAN YUAN GP (06119.HK) plans to engage in new Business activities related to mining Trade in Indonesia.
Gelonghui 12th December丨TIAN YUAN GP (06119.HK) announced that the group intends to cooperate with local Indonesian enterprises to carry out new business activities related to mining Trade in Indonesia. The company has established a wholly-owned subsidiary in Indonesia, and the group's initial plan is to engage in Nickel ore Trade as part of its new business activities, with the aim of gradually expanding to mining contracting, mining rights Trade, while the product range will also gradually extend from Nickel ore to Bauxite, Coal, Petroleum, and Henry Hub Natural Gas. As of the date of this announcement, the group is mainly engaged in bulk cargo handling services, related supporting value-added port services, as well as supplying and selling oil products.
Maersk raised this year's performance guidance, most shipping stocks rose, ooil (00316) rose by 2.61%.
Kinwu Financial News | Maersk raises this year's performance guidance. Encouraged by this news, most shipping stocks rose, with Great Harvest Holdings (03683) up 4.79%, OOIL (00316) up 2.61%, Cosco Shipping Holdings (01919) up 2.57%, Tian Yuan GP (06119) up 2.35%, and Cosco Ship Port (01199) up 1.92%. Danish shipping group Maersk raised this year's performance guidance, mainly due to its strong third-quarter performance, strong demand, and continued disruption in the Red Sea shipping. Maersk's preliminary adjusted EBITDA for the third quarter before interest, taxes, depreciation, and amortization.
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
TIAN YUAN GP: Interim Report 2024
《Performance》 Tian Yuan GP (06119.HK) reported a net profit of RMB 12.36 million for the first half, an increase of 48.3%, without dividend payment.
Tian Yuan GP (06119.HK) announced its interim performance for the six months ending in June, with a revenue of 0.215 billion RMB (the same below), basically flat compared to the previous year. Recorded a net profit of 12.36 million yuan, a growth of 48.3%, and earnings per share of 2.1 cents. No interim dividend will be paid.
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