logo
#

Latest news with #Yau

Analysts Offer Insights on Real Estate Companies: Wharf (Holdings) (OtherWARFF) and Frasers Logistics & Commercial Trust (OtherFRLOF)
Analysts Offer Insights on Real Estate Companies: Wharf (Holdings) (OtherWARFF) and Frasers Logistics & Commercial Trust (OtherFRLOF)

Business Insider

time7 days ago

  • Business
  • Business Insider

Analysts Offer Insights on Real Estate Companies: Wharf (Holdings) (OtherWARFF) and Frasers Logistics & Commercial Trust (OtherFRLOF)

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Wharf (Holdings) (WARFF – Research Report) and Frasers Logistics & Commercial Trust (FRLOF – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wharf (Holdings) (WARFF) DBS analyst Jeff Yau downgraded Wharf (Holdings) to Hold today and set a price target of HK$25.10. The company's shares closed last Wednesday at $3.05. According to Yau is a 4-star analyst with an average return of 5.4% and a 72.2% success rate. Yau covers the NA sector, focusing on stocks such as Far East Consortium International, Sunlight Real Estate Investment, and Henderson Land Development Co. Wharf (Holdings) has an analyst consensus of Hold, with a price target consensus of $2.60. DBS analyst Dale Lai maintained a Buy rating on Frasers Logistics & Commercial Trust today and set a price target of S$1.05. The company's shares closed last Friday at $0.67. According to Lai is a 1-star analyst with an average return of -0.4% and a 45.7% success rate. Lai covers the NA sector, focusing on stocks such as Suntec Real Estate Investment, CapitaLand Ascendas REIT, and Daiwa House Industry Co. Frasers Logistics & Commercial Trust has an analyst consensus of Strong Buy, with a price target consensus of $0.80.

Hong Kong gov't to adopt mainland Chinese standards to build Northern Link lines
Hong Kong gov't to adopt mainland Chinese standards to build Northern Link lines

HKFP

time11-07-2025

  • Business
  • HKFP

Hong Kong gov't to adopt mainland Chinese standards to build Northern Link lines

The Hong Kong government has said it will adopt mainland Chinese standards for the first time to develop the new Northern Link mass transit lines to speed up the construction process and reduce costs. Andy Yau, director of the Highways Department, told select media outlets at a press conference on Wednesday that the department would apply 'new Hong Kong standards,' which integrate mainland Chinese standards, to build the Northern Link. The new arrangement will help lower costs by around 20 to 30 per cent, Yau said. The mainland Chinese standards will also facilitate streamlining Hong Kong's construction process of rail lines, the official said, and thereby ensuring the Major Line and the Spur Line of the Northern Link will be in service no later than 2034, two to four years earlier than the original schedule. There will be no need to amend Hong Kong laws to introduce the new standards because the national Chinese standards for rail lines meet the safety requirements of Hong Kong's fire services, electrical, and building regulations, Yau said, according to Beijing-backed media Wen Wei Po's report on Thursday. The Northern Link is a joint project of the Hong Kong government and the MTR Corporation (MTRC). It is touted as 'the public transportation backbone' of the proposed Northern Metropolis, a megaproject to provide more than 900,000 homes for some 2.5 million people near the border. The transportation system consists of two lines. The Main Line will comprise two terminals and interchange stations, Kwu Tung and Kam Sheung Road stations, which will connect to the East Rail Line and Tuen Ma Line, respectively. There will also be three intermediate stations at San Tin, Ngau Tam Mei and Au Tau. The Spur Line will connect San Tin Station to Huanggang Port in Shenzhen. Hong Kong authorities originally planned to finish building the Main Line by 2034, while the Spur Line would be in service between 2036 and 2038. 'Burning with anxiety' Xia Baolong, director of the Hong Kong and Macau Affairs Office, and several Hong Kong government officials visited a tech park in the Northern Metropolis in February, according to a government statement. Hong Kong Chief Executive John Lee said at LegCo in May that he was 'burning with anxiety' about the development of the Northern Metropolis. Following Xia's five-day visit to Hong Kong in June, Lee said that the top Chinese official's speeches had pointed the direction for the city's future and that he had promised Xia to accelerate the development of the Northern Metropolis, TVB reported.

Globavend and Strawberrynet Cosmetics Execute Strategic Partnership
Globavend and Strawberrynet Cosmetics Execute Strategic Partnership

Business Upturn

time30-06-2025

  • Business
  • Business Upturn

Globavend and Strawberrynet Cosmetics Execute Strategic Partnership

Partnership Brings Top Online Beauty Products Retailer to $8 Billion Australia Beauty and Cosmetics Market Perth, Australia, June 30, 2025 (GLOBE NEWSWIRE) — Globavend Holdings Limited (Nasdaq: GVH) ('Globavend'), an emerging e-commerce logistics provider, has announced a strategic partnership with Strawberry Cosmetics (Services) Limited, ('Strawberrynet'), a leading global online beauty retailer, to bring an expansive range of premium beauty products targeting the large and growing Australian cosmetics and beauty consumer market. The Australian cosmetics and personal market size is estimated to be approximately $8.7 billion in 2024, and is expected to reach $14 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 5.47% , according to a recent report from IMARC Group. In recent years, online retail sales growth in Australia have been significantly outpacing the broader market. According to the Australia Post, online retail sales rose by 12% in 2024, with health and beauty products up 13.4%—outpacing nearly all other sectors. This new partnership with Strawberrynet is expected to provide Australian consumers with industry-leading access to a wide selection of premium beauty brands while driving Globavend's continued expansion in the fast-growing e-commerce logistics sector. This new partnership is expected to significantly expand Globavend's e-commerce logistics presence in the fast-growing Australian market. 'We are very pleased to partner with Strawberrynet, bringing their extensive range of high-quality beauty products to the Australian market,' commented Frank Yau, Chief Executive Officer of Globavend. 'Strawberrynet has been an industry leader, and a pioneer in global beauty retail for over 25 years. Together, we're making it faster and easier for Australian customers to access their favorite cosmetic and beauty products—and we're proud to be the logistics engine behind that transformation.' 'The Australian cosmetics and beauty market is very large, with over $8 billion in annual sales, and growing at an accelerated pace. As a result, we view this as a very promising, high-impact growth opportunity for both Strawberrynet and Globavend,' concluded Mr. Yau. Leveraging its advanced logistics infrastructure across Hong Kong, Australia, and New Zealand, Globavend will streamline cross-border fulfillment for Strawberrynet, accelerating shipping times and improving the customer experience. As part of this partnership, Globavend will provide comprehensive logistics services, including secured airfreight capacity on national carriers, value-added services such as returns management and live customer support, and end-to-end parcel tracking. Equally important, Globavend is certified to handle the shipping of dangerous goods, such as many beauty products, ensuring safe and compliant delivery into Australia. This alliance comes at a pivotal moment for the Australian beauty sector, which is experiencing surging demand for international brands. The partnership enables consumers to enjoy a seamless online shopping experience while also helping new beauty brands establish a foothold in the market. As demand for international beauty products continues to rise in Australia, this collaboration reinforces Globavend's leadership in end-to-end logistics solutions, paving the way for further partnerships and market expansion. About Strawberrynet Founded in 1998, Strawberrynet has earned global recognition over 25 years, serving millions of customers in more than 200 countries. With over 30,000 products from 800+ international beauty brands, the platform is known for its competitive pricing, authenticity, and exceptional customer service. About Globavend Holdings Limited Globavend Holdings Limited, an emerging e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend delivers integrated cross-border logistics services from Hong Kong to Australia and New Zealand. It provides customers with a comprehensive solution, encompassing pre-carriage parcel drop-off, parcel consolidation, airfreight forwarding, customs clearance, on-carriage parcel transportation, and final delivery. Forward-Looking Statements This press release contains certain forward-looking statements, including those regarding the Company's proposed transaction and its future potential. Words such as 'will,' 'future,' 'expects,' 'believes,' and 'intends,' or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding Globavend's plans for international expansion and the performance of Globavend's products and service offerings. These forward-looking statements are based on Globavend's current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Globavend's ability to enhance service offerings in Australia and the ability to fulfill delivery demands. Investors should read the risk factors set forth in Globavend's Annual Report on Form 20-F for the year ended September 30, 2024, and subsequent reports filed with the SEC on or after the date thereof. All of Globavend's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Globavend to predict those events or how they may affect Globavend. If a change to the events and circumstances reflected in Globavend's forward-looking statements occurs, Globavend's business, financial condition and operating results may vary materially from those expressed in Globavend's forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Globavend assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: Globavend Holdings LimitedWai Yiu Yau, Chairman and CEO [email protected] +61 08 6141 3263

News Analysis: Hainan free trade port moves to forefront of China's opening-up drive
News Analysis: Hainan free trade port moves to forefront of China's opening-up drive

Canada Standard

time26-06-2025

  • Health
  • Canada Standard

News Analysis: Hainan free trade port moves to forefront of China's opening-up drive

HAIKOU, June 21 (Xinhua) -- For Canadian visitor Stephanie Wing See Yau, the therapy experience at a care center in Bo'ao, a coastal city in China's southernmost island province of Hainan, felt more like "a vacation." "This place is top-notch. They cater to so many aspects of wellness, not just physical, but mental too," she told Xinhua during her stay in the Boao Lecheng International Medical Tourism Pilot Zone, which hosts over 30 top-tier domestic and international medical institutions. Thanks to special policy support, the pilot zone has introduced 485 cutting-edge medicines and medical devices that are licensed abroad but not yet available in the domestic market. The policy has benefited more than 130,000 patients, including individuals like Yau. Her four-day experience -- blending advanced health screenings, traditional therapies, tea ceremonies, and cultural immersion -- offers much more than just a chance to relax. It showcases a tangible outcome of a key move in China's opening-up strategy: the transformation of Hainan into a Free Trade Port (FTP). As the Hainan FTP is set to begin independent customs operations by the end of the year, it is poised to become not only a tourist haven but also a pivotal gateway for China's opening-up drive. FRONTIER FOR FREE-FLOWING FACTORS A central component of this transformation is the Lecheng medical tourism pilot zone. A total of 25 medical tourism routes have been rolled out to cater to a wide range of needs, including traditional Chinese medicine, chronic disease care, luxury diagnostics and cosmetic rehab, garnering popularity among visitors from countries such as Indonesia, Russia, Spain, and beyond. In 2024, the medical special zone attracted over 410,000 medical visitors, up 36.76 percent year on year. Lecheng is only one part of Hainan's wider push for opening up. Beyond the medical sector, the province has been fast-tracking foreign access across sectors ranging from finance and education to communication and high-tech industries, as China aims to build an FTP with global top-tier trade standards. Hainan, supported by the country's vast domestic market and its strategic positioning, stands as a vital hub that connects the world's second-largest economy with global markets. The FTP is gearing up to be "a pivotal gateway leading China's new era of opening-up," said Chi Fulin, head of the China Institute for Reform and Development. With independent customs operations imminent, the FTP's policy framework, underpinned by features like zero tariffs, low tax rates, simplified tax systems and facilitated factor flows, has taken shape. For firms in Lecheng, a zero-tariff policy on medical imports has saved nearly 8.2 million yuan (about 1.14 million U.S. dollars) in duties since December 2024. The start of independent customs operations will represent a concrete step toward building a major gateway for China's high-level opening-up, Chi said. INSTITUTIONAL OPENING-UP LURING FOREIGN CAPITAL As Hainan FTP has prioritized institutional integration and coordination across trade, finance and regulatory systems, experts believe this will create a powerful driving force for the development of the FTP and contribute to China's high-standard opening up strategy. Official data showed that so far, the province has rolled out a total of 158 institutional innovation cases. These reform measures include technology-empowered public tendering, one-stop business licensing, and a specialized IP zone to support the seed industry. Hainan FTP serves not only as a testing ground for free-flowing goods, services and data, but as a frontier for the innovation of regulations and mechanisms, said Zhou Xiaochuan, vice chairman of the Boao Forum for Asia (BFA). With its optimized business environment, Hainan has emerged as a premier foreign investment destination, ranking among China's top performers. In 2024, the number of foreign-invested enterprises in Hainan rose 19.2 percent year on year, while its foreign direct investment volume climbed to the tenth spot nationally. To date, Hainan has attracted investment from 158 countries and regions, while its economic openness ratio -- the ratio of total trade to GDP -- more than doubled from 17.3 percent in 2018 to 35 percent in 2024. High-profile events held in the province like the BFA, a premier platform advocating openness and multilateral cooperation, and the China International Consumer Products Expo, the largest consumer expo in the Asia-Pacific region, offer global investors dynamic gateways to observe the country's evolving openness agenda. DFS, the travel retail company of the luxury goods conglomerate LVMH, in 2024 sealed its largest single investment in 60 years to launch a landmark complex in Yalong Bay of Sanya, the well-known tropical resort city in Hainan. The project will merge luxury retail, hotels and entertainment, with the goal of building a top destination for luxury shopping and tourism. "Hainan FTP embodies China's commitment to high-standard openness," said Nancy Liu, president of DFS China. China's special economic zones, like Hainan FTP and the 21 pilot free trade zones, serve as pivotal engines for industrial transformation and opening up, Chi noted, highlighting their role as "growth accelerators for both regional and global economies." When the independent customs operations begin, Hainan FTP will create key opportunities for international enterprises to access China's domestic market more efficiently, and play a greater role in enhancing market connectivity with global markets through service trade-focused regulatory alignment, he added.

News Analysis: Hainan free trade port moves to forefront of China's opening-up drive
News Analysis: Hainan free trade port moves to forefront of China's opening-up drive

Canada News.Net

time26-06-2025

  • Health
  • Canada News.Net

News Analysis: Hainan free trade port moves to forefront of China's opening-up drive

HAIKOU, June 21 (Xinhua) -- For Canadian visitor Stephanie Wing See Yau, the therapy experience at a care center in Bo'ao, a coastal city in China's southernmost island province of Hainan, felt more like "a vacation." "This place is top-notch. They cater to so many aspects of wellness, not just physical, but mental too," she told Xinhua during her stay in the Boao Lecheng International Medical Tourism Pilot Zone, which hosts over 30 top-tier domestic and international medical institutions. Thanks to special policy support, the pilot zone has introduced 485 cutting-edge medicines and medical devices that are licensed abroad but not yet available in the domestic market. The policy has benefited more than 130,000 patients, including individuals like Yau. Her four-day experience -- blending advanced health screenings, traditional therapies, tea ceremonies, and cultural immersion -- offers much more than just a chance to relax. It showcases a tangible outcome of a key move in China's opening-up strategy: the transformation of Hainan into a Free Trade Port (FTP). As the Hainan FTP is set to begin independent customs operations by the end of the year, it is poised to become not only a tourist haven but also a pivotal gateway for China's opening-up drive. FRONTIER FOR FREE-FLOWING FACTORS A central component of this transformation is the Lecheng medical tourism pilot zone. A total of 25 medical tourism routes have been rolled out to cater to a wide range of needs, including traditional Chinese medicine, chronic disease care, luxury diagnostics and cosmetic rehab, garnering popularity among visitors from countries such as Indonesia, Russia, Spain, and beyond. In 2024, the medical special zone attracted over 410,000 medical visitors, up 36.76 percent year on year. Lecheng is only one part of Hainan's wider push for opening up. Beyond the medical sector, the province has been fast-tracking foreign access across sectors ranging from finance and education to communication and high-tech industries, as China aims to build an FTP with global top-tier trade standards. Hainan, supported by the country's vast domestic market and its strategic positioning, stands as a vital hub that connects the world's second-largest economy with global markets. The FTP is gearing up to be "a pivotal gateway leading China's new era of opening-up," said Chi Fulin, head of the China Institute for Reform and Development. With independent customs operations imminent, the FTP's policy framework, underpinned by features like zero tariffs, low tax rates, simplified tax systems and facilitated factor flows, has taken shape. For firms in Lecheng, a zero-tariff policy on medical imports has saved nearly 8.2 million yuan (about 1.14 million U.S. dollars) in duties since December 2024. The start of independent customs operations will represent a concrete step toward building a major gateway for China's high-level opening-up, Chi said. INSTITUTIONAL OPENING-UP LURING FOREIGN CAPITAL As Hainan FTP has prioritized institutional integration and coordination across trade, finance and regulatory systems, experts believe this will create a powerful driving force for the development of the FTP and contribute to China's high-standard opening up strategy. Official data showed that so far, the province has rolled out a total of 158 institutional innovation cases. These reform measures include technology-empowered public tendering, one-stop business licensing, and a specialized IP zone to support the seed industry. Hainan FTP serves not only as a testing ground for free-flowing goods, services and data, but as a frontier for the innovation of regulations and mechanisms, said Zhou Xiaochuan, vice chairman of the Boao Forum for Asia (BFA). With its optimized business environment, Hainan has emerged as a premier foreign investment destination, ranking among China's top performers. In 2024, the number of foreign-invested enterprises in Hainan rose 19.2 percent year on year, while its foreign direct investment volume climbed to the tenth spot nationally. To date, Hainan has attracted investment from 158 countries and regions, while its economic openness ratio -- the ratio of total trade to GDP -- more than doubled from 17.3 percent in 2018 to 35 percent in 2024. High-profile events held in the province like the BFA, a premier platform advocating openness and multilateral cooperation, and the China International Consumer Products Expo, the largest consumer expo in the Asia-Pacific region, offer global investors dynamic gateways to observe the country's evolving openness agenda. DFS, the travel retail company of the luxury goods conglomerate LVMH, in 2024 sealed its largest single investment in 60 years to launch a landmark complex in Yalong Bay of Sanya, the well-known tropical resort city in Hainan. The project will merge luxury retail, hotels and entertainment, with the goal of building a top destination for luxury shopping and tourism. "Hainan FTP embodies China's commitment to high-standard openness," said Nancy Liu, president of DFS China. China's special economic zones, like Hainan FTP and the 21 pilot free trade zones, serve as pivotal engines for industrial transformation and opening up, Chi noted, highlighting their role as "growth accelerators for both regional and global economies." When the independent customs operations begin, Hainan FTP will create key opportunities for international enterprises to access China's domestic market more efficiently, and play a greater role in enhancing market connectivity with global markets through service trade-focused regulatory alignment, he added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store