Latest news with #Taiwan-based
The Star
20 hours ago
- Business
- The Star
Gamuda docks another deal in Taiwan
PETALING JAYA: Gamuda Bhd is expanding its global footprint further as it marks its ninth project win in Taiwan. The latest contract, worth RM3.72bil (25.58 billion New Taiwan dollars), was secured by its joint-venture (JV) company to build a wharf and connecting bridges for the Kaohsiung Port Intercontinental LNG Terminal Construction Project. Given its 70% majority stake in the JV, the revenue attributable to Gamuda from the five-year contract is estimated at RM2.6bil. This provides a major boost to the conglomerate's overseas revenue. To put it into perspective, overseas operations accounted for two-thirds of the group's total revenue in the first nine months of the financial year ending July 31, 2025 (FY25). The remaining 30% stake is held by Taiwan-based DongPi Co Ltd, which is involved in general civil construction including tunnel construction and marine engineering. This is not the first time DongPi is partnering with Gamuda. Both companies, via a JV, were previously involved in the construction of the third- and fourth-stage seawalls for the Reclamation Project in the Logistic Storage Area of Taipei Port, as well as the Second Phase of the Dike Recovery and Reuse Project. In a filing with Bursa Malaysia yesterday, Gamuda said the new contract involves the construction of 2.193km of seawall, 1.2km of connecting bridge, a wharf, unloading platform, connecting platform and caisson-type docks. 'The project is being undertaken for Taiwan International Ports Corp Ltd, Kaohsiung Branch – the state-owned port authority managing the Port of Kaohsiung. 'The project aims to establish a complete and secure process for offshore unloading and onshore receiving of LNG (liquified natural gas) and to ensure the efficient import, storage and regasification of LNG for delivery to Dalin and surrounding users,' according to Gamuda. Gamuda has been involved in Taiwan's infrastructure development since 2002, with projects spanning transport, marine works and utilities. Projects that highlight the group's expertise include the Kaohsiung MRT Orange Line and Yellow Line, TaoYuan City Underground Railway, Xizhi Donghu MRT, Guantang Marine Bridge, Seawall at Taipei Port, and the 161kV Songshu to Guanfeng Underground Transmission Line. Gamuda said some of the main risks associated with the project include the current tight labour market and unpredictable weather conditions. The group added that the project is expected to contribute positively to revenue and earnings for FY26 onwards until its completion. Gamuda is no stranger to bagging overseas contracts. The conglomerate's most recent win was in March this year for the 345kV Gangfeng-Zhongke, Zhongke-Hengshan Underground Transmission Line Civil Engineering and Auxiliary E&M System Design-Build (Third Section) Project, valued at RM557.2mil. The project was awarded by Taiwan Power Co, a state-owned electric power utility, and is set to be delivered through a 50-50 JV between Gamuda and Feng Shun Construction Co Ltd. The design-and-build contract, which includes civil engineering and auxiliary electrical and mechanical system works, covers the construction of four shafts and a 3,208m cable tunnel. It is expected to be completed in 44 months. For the third quarter ended April 31, 2025 (3Q25), Gamuda registered a higher profit of RM246.83mil, up from RM235.79mil a year earlier, as domestic construction earnings tripled. Revenue also rose to RM3.08bil, compared to RM2.49bil posted in 3Q24. The group anticipates that performance in the next quarter will be largely driven by both overseas and domestic construction activities, including the construction of several data centres and higher contributions from its property division's quick turnaround projects. Among its ongoing data centre developments is a RM1.01bil project in Port Dickson, Negri Sembilan, undertaken through its wholly-owned subsidiary, Gamuda DC Infrastructure Sdn Bhd, under Gamuda Engineering Sdn Bhd. Within Malaysia, Gamuda was awarded a contract in January 2025 to design and build the first civil works package of the Penang Mutiara Line LRT, valued at RM8.3bil. Secured through its 60% subsidiary, SRS Consortium Sdn Bhd, the project is expected to span 72 months, with physical works scheduled to start in the third quarter of this year. The group also has notable projects in Sabah, Sarawak, Australia and Singapore. 'Moving forward, the resilience of the group is underpinned by its construction order book of RM35bil and unbilled property sales of RM7.7bil. 'On top of that, the group has a healthy balance sheet with a comfortable net gearing of 45%, well below its self-imposed gearing limit of 70%,' it noted.
Indian Express
a day ago
- Entertainment
- Indian Express
Why Chinese women are being arrested for writing gay erotic fiction
Dozens of young women in China have been arrested for writing and sharing gay erotic fiction, known as 'danmei'. According to the BBC, at least 30 writers have been detained since February. Some are still in custody, while others are awaiting trial or on bail. These women are accused of breaking China's pornography laws by 'producing and distributing obscene material'. Under the law, authors who profit from such content could face prison terms of more than 10 years. Gay content is more likely to be censored than heterosexual erotica in China. The writers shared their work on Haitang Literature City, a Taiwan-based platform popular for danmei fiction. The site hosts stories that explore romantic or sexual relationships between male characters, often in fantasy, sci-fi or historical settings. Many arrests were reportedly led by police in Lanzhou, northwest China. Some writers from other regions were called in for questioning, raising concerns about police overreach. Writers say they were tracked down based on online activity and sales, and some were forced to travel long distances for questioning at their own cost. Writers have described fear, shame and confusion. One said, 'Every word I once wrote came back to haunt me.' Another wrote: 'I earned my money word by word, but once it went wrong, people acted like I never worked for it.' Many have since deleted their posts, fearing further action. Danmei is written mainly by women and read mostly by female audiences. Though the stories centre on male characters, the genre is often used as a safe space to explore female desire and challenge traditional gender roles. But critics in China say such content is inappropriate, especially for younger readers. #svsss 빙추 — 재효 (@owopoqo) June 29, 2025 The crackdown highlights growing internet censorship under President Xi Jinping's push for 'traditional family values'. Social media posts supporting the writers or discussing legal rights have been deleted. Some experts believe the government sees danmei as encouraging women to turn away from marriage and motherhood. Writers, lawyers and scholars have voiced concern. Dr Liang Ge from University College London told the BBC that danmei allows women to 'detach from gendered realities' and find creative freedom. Lawyers have offered free advice to those arrested, and some are calling the crackdown excessive. It's unclear how many more will be charged. Some writers say they will stop, others are determined to continue. As one author wrote, 'If I could go back, I'd still choose to write. I just hope the law sees the girl behind the words.'
Barnama
a day ago
- Business
- Barnama
Gamuda-Dong Pi JV Bags Kaohsiung Port Construction Project Worth RM3.72 Bln
KUALA LUMPUR, June 30 (Bernama) -- Gamuda Bhd, together with Taiwan-based Dong Pi Co Ltd, has been awarded a contract for the construction of a wharf and connecting roads for the Kaohsiung Port Intercontinental Liquefied Natural Gas (LNG) Terminal Construction project in Taiwan, worth RM3.72 billion. In a filing with Bursa Malaysia today, the engineering company said the project was awarded to its unincorporated joint venture, in which Gamuda holds a 70 per cent stake and Dong Pi the remaining 30 per cent. It was awarded by the Taiwan International Ports Corp Ltd Kaohsiung Branch, the state-owned port authority managing the Port of Kaohsiung.
Yahoo
6 days ago
- Business
- Yahoo
Cathie Wood Is Doubling Down on This AI Stock. Should You?
Taiwan Semiconductor makes the physical chips for companies that design them. The Taiwan-based foundry is highly profitable and growing at a rapid pace. Despite recent gains, TSMC stock trades at a reasonable valuation. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Cathie Wood has had mixed results as an institutional investor. Her firm, Ark Invest, sells exchange-traded funds (ETF), and her focus is on tech disruptors. Some of her ETFs have outperformed the market over long periods, and others have delivered underwhelming performance, but she is confident in the future potential of her stocks. Whether or not you agree with her stock picks or would invest in her company's products, investors can learn about up-and-coming tech stocks and see what she thinks about tech giants by following Ark Invest's trades. One stock she has been buying left and right recently is Taiwan Semiconductor Manufacturing (NYSE: TSM). Let's see why she's finding it interesting right now and whether or not it's a buy for you today. Taiwan Semiconductor is a foundry, and it produces the physical chips for most of the artificial intelligence (AI) chipmakers that are generating the AI revolution. So when people talk about the chips or graphics processing units (GPU) that Nvidia makes, Nvidia designs them, but its partner -- Taiwan Semiconductor Manufacturing Company, or TSMC -- actually produces them. That makes it an integral part of the growth of AI, and it also provides it with protection against a negative impact for any specific client. The partnership also gives TSMC excellent long-term potential because regardless of whether it's AI or something else, chips are the underlying basis of almost all new technology. Some of TSMC's other high-profile clients include Apple and Advanced Micro Devices, and it produces chips for far more applications than AI, powering technology like smartphones, Internet of Things, and consumer products. Because TSMC works with these clients, it's growing on their coattails. High-performance computing, which includes AI, increased from 46% of its revenue in the 2024 first quarter to 59% in the 2025 first quarter. TSMC's own growth isn't quite as fantastic as Nvidia's, but it's high and steady. Revenue increased 35% year over year in Q1 2025, and management expects revenue to increase at a compound annual growth rate (CAGR) near 20% through 2029. It's also incredibly profitable. Gross margin widened 5.7 percentage points in the first quarter to 58.5%, and operating margin was 48.5%. Earnings per share (EPS) increased 60%. The longer-term outlook is a gross margin of at least 53%. TSMC stock had fallen earlier this year when the market was concerned about tariffs, but it's already climbing back up. It has an excellent long-term prognosis, and it also has an operational facility in Arizona that protects it somewhat from higher tariffs. North America accounts for 77% of its business, and management recently announced that it's going to expand its investments in the U.S. by $165 billion "to power the future of AI." Even though Cathie Wood is known for buying high-growth stocks -- and those are typically priced at premium levels -- if you follow her trading activity, you'll notice she uses value-investing tenets, too. After all, the bottom line for most successful investing is to buy low and sell high. She tends to scoop up stocks she believes in strongly when they fall and sell them when they're too expensive. One example of a stock she's been selling recently is Palantir Technologies (NASDAQ: PLTR), which is up 476% over the past year and trading at a price-to-earnings (P/E) ratio of 597. TSMC, on the other hand, is up only 20% over the past year, but it trades at only 27 times trailing-12-month earnings, a slight discount to its one-year average. Considering its excellent fundamentals, huge potential in tech, and safety, TSMC is the kind of stock that can appeal to a broad section of the investing community, and I highly recommend buying it. Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Jennifer Saibil has positions in Apple. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, Nvidia, Palantir Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Cathie Wood Is Doubling Down on This AI Stock. Should You? was originally published by The Motley Fool 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
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Business Standard
7 days ago
- Business
- Business Standard
iPhone maker Foxconn to invest $2.2 bn in India, US as it shifts from China
The department has also cleared a $1.49 billion investment proposal aimed at increasing capital in Foxconn Singapore Pte Ltd, a subsidiary of the company New Delhi Apple's iPhone assembler Hon Hai, also known as Foxconn, has secured regulatory approval for two of its investment plans worth more than $2.2 billion, in India and the US, news agency Focus Taiwan reported on Tuesday (local time). The Department of Investment Review under the Ministry of Economic Affairs (MOEA) approved the plan for the Taiwan-based manufacturing giant. The department has also cleared a $1.49 billion investment proposal aimed at increasing capital in Foxconn Singapore Pte Ltd, a subsidiary of the company. This Singapore-based unit will, in turn, invest the funds into Yuzhan Technology (India) Pvt Ltd, another entity under Hon Hai's umbrella operating in India. The announcement comes at a time amid trade tensions between the US and China, following which, Hon Hai has now decided to diversify its production out of China, with India being seen as an ideal destination to produce iPhones and their components. Hon Hai will be setting up a new company in the US, after receiving a nod from the MOEA to allocate $375 million from its disposal capital. The company in the US will be in charge of the data center module protection, along with server assembly. Foxconn, Apple shift to India According to a Reuters report, Foxconn ships 97 per cent of iPhones from India for its US market. A move which has been criticised by the US President Donald Trump, who told Apple's Chief Executive Officer (CEO) Tim Cook, 'Tim, you're my friend... but now I hear you're building all over India. I don't want you building in India. You can build in India if you want to take care of India, because India is one of the highest-tariff nations in the world.' Shipments between March and May 2025 were valued at $3.2 billion, with an average of 97 per cent being sent to the US, marking a sharp jump from the earlier 50 per cent monthly average recorded through 2024, Reuters reported. In May, Foxconn also announced plans to move ahead with investing $1.5 billion in a new component factory near Chennai, despite political pressure from Trump to shift production back to the United States. Hon Hai expands global footprint As Hon Hai continues to expand its global footprint, it is now extending its reach in production to countries and regions such as the US, India, Mexico, Vietnam, and Europe. Hon Hai, worldwide, has 223 plants and offices in a total of 24 countries. While it has 54 plants and offices in the US, 12 are in Europe and India each.
