India Plans to Spend $10 Billion on Homebuilt Oil Tanker Fleet
State-owned oil companies currently operate an aging fleet that's mostly on-charter from global companies and the shipping and petroleum ministries want to change that, said the people, who asked not to be identified citing rules. The plan's first phase involves purchasing 79 ships, of which 30 of them would be medium-range vessels, they said.
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Medinex Limited's (Catalist:OTX) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Most readers would already be aware that Medinex's (Catalist:OTX) stock increased significantly by 12% over the past month. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Particularly, we will be paying attention to Medinex's ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Medinex is: 17% = S$2.8m ÷ S$17m (Based on the trailing twelve months to March 2025). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each SGD1 of shareholders' capital it has, the company made SGD0.17 in profit. See our latest analysis for Medinex We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To begin with, Medinex seems to have a respectable ROE. Especially when compared to the industry average of 11% the company's ROE looks pretty impressive. Needless to say, we are quite surprised to see that Medinex's net income shrunk at a rate of 16% over the past five years. We reckon that there could be some other factors at play here that are preventing the company's growth. For example, it could be that the company has a high payout ratio or the business has allocated capital poorly, for instance. So, as a next step, we compared Medinex's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 5.7% over the last few years. Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Medinex fairly valued compared to other companies? These 3 valuation measures might help you decide. Medinex's very high three-year median payout ratio of 131% over the last three years suggests that the company is paying its shareholders more than what it is earning and this explains the company's shrinking earnings. Paying a dividend beyond their means is usually not viable over the long term. To know the 4 risks we have identified for Medinex visit our risks dashboard for free. In addition, Medinex has been paying dividends over a period of six years suggesting that keeping up dividend payments is preferred by the management even though earnings have been in decline. Overall, we have mixed feelings about Medinex. While the company does have a high rate of return, its low earnings retention is probably what's hampering its earnings growth. Up till now, we've only made a short study of the company's growth data. So it may be worth checking this free detailed graph of Medinex's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
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BOJ Finishes Offloading Bank Stocks, Bringing Attention to ETFs
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The offloading of the shares suggest that the BOJ's normalization process more broadly could be accomplished without disrupting financial markets, although it would take a considerable amount of time. The assets were originally bought as a crisis response measure, years before the introduction of the massive monetary easing program that Governor Kazuo Ueda's board is now in the process of unwinding. Between 2002 and 2010, the BOJ acquired about ¥2.4 trillion ($16.3 billion) of stocks from private banks in two separate periods to help stabilize the financial system at the time — initially seen as extraordinary steps to take for a major central bank. The BOJ's actions in the years following have ultimately made those steps less shocking. The central bank became the biggest holder of Japanese stocks around 2020 and the size of the central bank's ETF holdings are now 15 times larger than the shares it obtained from beleaguered banks. In a report Friday, Goldman Sachs economists noted that it's reasonable to expect the bank to start gradually selling ETFs in fiscal 2026 to minimize its loss and the impact on the stock market. The BOJ began buying stocks held by banks in November 2002, after a severe banking crisis that saw bank shares tumbling for about three years. The central bank kept buying for about two years in a bid to help banks address their dire non-performing loan problem. In the wake of the global financial crisis, the BOJ bought again between February 2009 and April 2010. It's taken the central bank nearly 18 years to offload the shares completely, after it first began selling in October 2007. At the end of 2015, the BOJ said it would extend the selling duration by a decade, through to March 2026. If the BOJ applies the same selling pace it did for the bank stocks, it would take more than 200 years to completely offload the far larger ETF holdings from its balance sheet. 'It fulfilled the intended objective,' Ueda said at a press conference last month, referring to the bank stocks buying initiative. 'Offloading them isn't completely finished yet but so far it's been proceeding without negative market impact or financial loss for us.' Getting rid of the bank stocks entirely helps lower the hurdle to consider ETFs, as the simultaneous sale of both asset types could risk a overly large negative impact on the markets. Starting with the end of negative interest rates and expansionary asset purchases in March last year, the BOJ has been cautiously normalizing policy, with the latest updated government bond buying plan in June, illustrating its caution. Ueda's board decided to slow the pace of tapering the bond buying from the next fiscal year given recent heightened volatility in the bond market. One BOJ policy board member said in April last year that the bank should reduce the ETF holdings to zero even if it takes time. At the same time, Ueda has kept his options open — in March he didn't rule out holding ETFs indefinitely. From the perspective of the BOJ's financial health, there is little need to rush to dispose of its stock fund assets. The bank earned ¥1.4 trillion in revenue from ETF dividends in the fiscal year ended in March 2025. That's offering sizable support for the bank's finances at a time when the cost of paying interest to banks is bound to rise further in tandem with rate hikes. The sizable ETF profits have drawn attention from investors and politicians. Some opposition party lawmakers are already calling for using the BOJ's ETFs to fund government finances. Some analysts say that the BOJ could hand out the ETFs to the public. 'As I have said many times, there is no change in our stance to take time to consider what to do with the ETF holdings,' Ueda told reporters last month. 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Asian Penny Stocks: 3 Picks Below US$2B Market Cap
Amidst a backdrop of muted market responses to new U.S. tariffs and mixed economic signals from major Asian economies, investors are increasingly looking towards smaller, less-established companies for potential growth opportunities. Penny stocks, often overlooked due to their association with higher risk, still represent a viable investment area when they possess strong balance sheets and solid fundamentals. In this article, we explore several penny stocks that may offer both stability and potential upside for those interested in tapping into the underappreciated segment of the market. Name Share Price Market Cap Financial Health Rating YKGI (Catalist:YK9) SGD0.102 SGD43.35M ★★★★★★ Lever Style (SEHK:1346) HK$1.37 HK$864.4M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.25 HK$1.87B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.44 SGD178.33M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.16 HK$1.94B ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.32 SGD9.13B ★★★★★☆ Ekarat Engineering (SET:AKR) THB0.92 THB1.35B ★★★★★★ Beng Kuang Marine (SGX:BEZ) SGD0.23 SGD46.51M ★★★★★★ BRC Asia (SGX:BEC) SGD3.33 SGD913.59M ★★★★★★ United Energy Group (SEHK:467) HK$0.53 HK$13.7B ★★★★★★ Click here to see the full list of 983 stocks from our Asian Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Beijing UBOX Online Technology Corp. operates vending machines in Mainland China and has a market cap of HK$2.91 billion. Operations: The company's revenue is primarily derived from its Unmanned Retail Business, which generated CN¥1.97 billion, followed by Merchandise Wholesale at CN¥552.82 million and Advertising and System Support Services at CN¥134.34 million. Market Cap: HK$2.91B Beijing UBOX Online Technology Corp., with a market cap of HK$2.91 billion, primarily generates revenue from its Unmanned Retail Business (CN¥1.97 billion). Despite being unprofitable, it has reduced losses by 11.3% annually over five years and maintains a stable cash runway exceeding three years due to more cash than debt. The management and board are experienced, with short-term assets covering liabilities effectively. However, the stock remains highly volatile with negative return on equity (-26.15%). Recent amendments to company bylaws suggest ongoing governance adjustments aligned with regulatory changes in China. Click here to discover the nuances of Beijing UBOX Online Technology with our detailed analytical financial health report. Gain insights into Beijing UBOX Online Technology's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★★★ Overview: TradeGo FinTech Limited is an investment holding company that offers integrated securities trading platform services to brokerage firms and their clients in Hong Kong and the People's Republic of China, with a market cap of HK$689.95 million. Operations: The company's revenue is primarily derived from two segments: Financial Services with Operations Licensed Under The SFO, generating HK$69.12 million, and Market and Trading Integrated Terminal Products and System Services, contributing HK$73.13 million. Market Cap: HK$689.95M TradeGo FinTech Limited, with a market cap of HK$689.95 million, recently completed a follow-on equity offering raising HK$50.4 million. The company reported significant earnings growth for the year ending March 31, 2025, with sales reaching HK$129.7 million and net income at HK$63.95 million, driven partly by a large one-off gain of HK$12.3 million. Despite high volatility in its share price over the past three months and weekly volatility higher than most Hong Kong stocks, TradeGo benefits from being debt-free and having strong short-term asset coverage over liabilities (HK$200.6M vs HK$37.3M). Take a closer look at TradeGo FinTech's potential here in our financial health report. Examine TradeGo FinTech's past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Jiaze Renewables Corporation Limited focuses on the development, construction, sale, operation, and maintenance of new energy projects and has a market cap of CN¥9.06 billion. Operations: The company's revenue is primarily generated from its operations in China, amounting to CN¥2.49 billion. Market Cap: CN¥9.06B Jiaze Renewables, with a market cap of CN¥9.06 billion, reported Q1 2025 revenue of CN¥660.7 million and net income of CN¥239.62 million, reflecting growth compared to the previous year. The company has strong interest coverage with EBIT seven times its interest payments and well-covered debt by operating cash flow at 35%. However, it faces challenges with high net debt to equity at 70.7% and short-term assets not covering long-term liabilities (CN¥4.3B vs CN¥13.1B). Despite stable weekly volatility and experienced management, Jiaze's profit margins have declined from last year's levels. Unlock comprehensive insights into our analysis of Jiaze Renewables stock in this financial health report. Gain insights into Jiaze Renewables' future direction by reviewing our growth report. Explore the 983 names from our Asian Penny Stocks screener here. Contemplating Other Strategies? Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 25 best rare earth metal stocks of the very few that mine this essential strategic resource. 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 SEHK:2429 SEHK:8017 and SHSE:601619. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
