Oh .... It reported a loss of RM243,000 in the third quarter. But the net loss narrowed compared with the same period last year as the Chinese subsidiary incurred lower expenses while implementing cost-cutting measures
3QFY24 net loss narrowed considerably to RMB0.4 million from RMB4.7 million a year ago. HBGLOB are exploring new opportunities via strategic partnerships to expand upstream into agriculture and aquaculture into the local domestic market
They plan to integrate agricultural technology (“agritech”) and incorporate the power of artificial intelligence too to improve the efficiency, productivity, and sustainability of agriculture
It moves up slightly to 10.5 cents after it announced a joint venture with HIS Holdings Sdn Bhd to develop an AI-powered agriculture and plantation project on a 500-acre site in Pekan, Pahang 🙂
Good news is here, HBGLOBAL will be investing up to RM9 million to transform a 500-acre site in Pahang into a cutting-edge, AI-driven plantation.
The RM9 million investment will fund AI systems integrated with IoT devices to monitor soil, climate and crop health in real-time. These technologies aim to optimise resource use, improve yields, enhance efficiency and reduce labour dependency, said HB Global.
AI systems also facilitate the tracking of food products from their source to the consumer, promoting food safety and encouraging sustainable practices
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
panchoni200
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Posted by panchoni200 > 1 month ago | Report Abuse
reversal is coming for HBGLOB... expansion for downstream food and beverage businesses is here