Posted by IDQWE001 > 2023-04-13 09:04 | Report Abuse

KUALA LUMPUR (April 12): HIL Industries Bhd said its wholly-owned subsidiary in China is to cease business operations after suffering losses due to the US-China trade war. The subsidiary, Hil Precision Plastic Technology (Suzhou) Co Ltd (HPPT), was established in Suzhou, Jiangsu Province, and manufactures precision moulds and relevant plastic products. “The group has decided to cease the business operations of HPPT, as it is highly dependent on our US-based customers which have restructured their operations in China arising from the US-China trade war, hence resulting in us losing our business,” HIL said in an exchange filing. The subsidiary posted an operating revenue of RM3.31 million, gross loss of RM413,498, and loss before tax of RM3.55 million, for the financial year ended 31 December 2022. The setting up of the Suzhou plant in 2006 was HIL's first foray into the overseas market, according to its annual report. With over 12,000 square metres of built up factory, the plant was involved in mould making, injection moulding, spray painting and various unique decoration technologies as well as sub-assemblies.

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84 comment(s). Last comment by IDQWE001 2023-05-02 18:32

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 12:02 | Report Abuse

Alibaba's Hong Kong shares slump on SoftBank's stake sale report

TOKYO, April 13 (Reuters) - Japanese technology investor SoftBank Group Corp (9984.T) has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd (9988.HK), , the Financial Times reported, sending the Chinese e-commerce giant's Hong Kong-listed shares lower.

The sale would come as valuations of China's big tech firms have started recovering this year after an end to two years of heightened regulatory scrutiny, providing a window for long-time investors such as SoftBank to reduce exposure to an economy battered by strict pandemic policies and Sino-U.S. tension.

SoftBank's share price closed down 1% on Thursday, versus a 0.3% rise in the broader market (.N225). Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.2% in Hong Kong and closed down about 2%.

Tencent Holdings Ltd's (0700.HK) shares plunged on Wednesday after the social media giant's top shareholder Prosus NV (PRX.AS) said it may sell more of its shares, underscoring selling pressure on Chinese tech names.

SoftBank has been seeking ways to monetise its stake in Alibaba, which the Japanese conglomerate bought into more than two decades ago by spending just $20 million.

"They have been clear that ... they need to monetise profitable holdings," Jon Withaar, head of Asia special situations at Pictet Asset Management, said of SoftBank.

"Perhaps some expected that they may slow the pace of their selling in now that their Arm IPO is moving closer to completion, but ultimately everything they are doing is within the scope of what they have told the market."

Neither SoftBank nor Alibaba responded to Reuters' requests for comment.

SoftBank aims to list British chip designer Arm this year in an initial public offering (IPO) that would raise at least $8 billion, people familiar with the deal told Reuters last month.

On Wednesday, the FT said forward sales based on filings at the U.S. Securities and Exchange Commission showed SoftBank's Alibaba stake would eventually fall to 3.8% from almost 15%.

"The positions were already hedged when forward contracts were signed, so there is no more impact on public market," 86Research analyst Xiaoyan Wang said.

The Japanese group, led by billionaire founder Masayoshi Son, has sold about $7.2 billion worth of Alibaba shares this year through prepaid forward contracts, the newspaper said.

SoftBank said the transactions reflected a shift to "defensive mode" to address an uncertain business environment and that it would provide details in its quarterly earnings results announcement in May, the British newspaper reported.

"China's regulatory environment in the internet sector turned drastically tougher in recent years, and this is SoftBank simply responding to the changing environment, as it has already been doing," said SBI Securities analyst Shinji Moriyuki. "It is well within the realms of expectations that the proportion of Chinese shares among its total investment will shrink further."

SoftBank booked a $34 billion gain last year by cutting its Alibaba stake to 14.6% from 23.7%, as the firm sought to shore up cash reserves amid steep losses incurred by its Vision Fund.

Vision Fund, which upended the tech world with big bets on startups, posted a staggering 8 trillion yen ($60.45 billion)loss in calendar 2022 as market turmoil slashed portfolio firms' valuations, prompting SoftBank to raise cash.

At the time, it also used prepaid forward contracts - a type of derivative contract that allows investors to hedge risk.

In New York, Alibaba's shares were up 3% as analysts noted that the stake sale was more due to SoftBank's circumstances.

Alibaba has lost more than two-thirds of its value from highs touched in late 2020, hit by increased regulatory action in the technology sector that included a hefty fine on Alibaba and scrutiny of founder Jack Ma's business empire.

The Chinese firm plans to split into six units and explore fundraisings or listings for most of them, marking the biggest restructuring in its 24-year history.

($1 = 132.3500 yen)

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 12:04 | Report Abuse

Foreign funds are very sensitive, money talk without physical support no use.

foongsh

1,378 posts

Posted by foongsh > 2023-04-14 12:07 | Report Abuse

Malaysian red army must support with fund injection, don't just lip service.

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 12:23 | Report Abuse

the priority for the CCP is the country, not the wealth of softbank..............................................

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 12:24 | Report Abuse

all these i.diots idq and foongsh...u think your priorities are also China'/ CCP priorities meh?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 12:29 | Report Abuse

Posted by foongsh > 20 minutes ago | Report Abuse

Malaysian red army must support with fund injection, don't just lip service.

You are right lip service without fund injection is NATO. No Action Talk Only.

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 13:02 | Report Abuse

u live in Malaysia. U dont live in America..........

Malaysians are not brain washed to hate China/ CCP.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 13:30 | Report Abuse

Posted by foongsh > 46 minutes ago | Report Abuse

Then evil supporters start shouting i.diot, telling lies, traitors etc. showing them a very pity and hopeless because they know you are telling the truth with facts and figures but they don't know how to answer ...

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 19:04 | Report Abuse

When America is engaged in sinophobia, we have a Malaysian here engaged in same activity...it's crazy

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 19:37 | Report Abuse

Question: If a person not work for the evil factory why can't he tell the truth ? or If a person work for the evil factory why can't he tell the truth ? very very pity it shows that the evil sopporter is hopeless and anxious. He knows that it was a truth but have to deny it because he can't answer it.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 20:24 | Report Abuse

Thucidides trap. I know who I see will win. ...and good for the world for shared destiny of mankind

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 20:30 | Report Abuse

During the cold war, u have been conditioned to believe ccp evil.

But it has no basis in facts and no basis in truth....it's all western propaganda

As for China and CPC....China and CPC doing very well.....no need your crocodile tears

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 20:54 | Report Abuse

Xi jinping has given up on American coming to it's senses and trying to stop China's development.....in Xi jinping view, America is practically ungovernable except in it's unity in suppressing China's rightful development....but Xi jinping and CPC wishes to declare that China will continue it's reform path, that China will be open for business, ....that China will promote shared destiny for mankind to solve common problems facing mankind.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 21:04 | Report Abuse

As far as Xi jinping is concerned, the unipolar moment when America is the only top dog in town ie 1990 to 2010 is over. The world is moving towards multi polarity and whether America like it or not, they cannot stop it .

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 21:40 | Report Abuse

If u look carefully, America is doing fire fighting. China has strategic plans that works naturally..
.
.... conclusion China wins

foongsh

1,378 posts

Posted by foongsh > 2023-04-14 21:52 | Report Abuse

Posted by IDQWE001 > 2 hours ago | Report Abuse

Question: If a person not work for the evil factory why can't ..........

Obviously foreign funds will flow to ASEAN countries from now, a dynamic economy system due to supply chain realignment, Malaysia will get all currencies funds and benefit from that. Apple advised their suppliers to extend their productions in India, Vietnam, Thailand etc. Malaysia has strong E & E sectors, if work harder increase $1000+ GDP per capital then will be on par with CCP. Finally Malaysia win.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 21:56 | Report Abuse

Malaysia has the basics to do well...how well it will do depends on the quality of the people...

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 22:00 | Report Abuse

Terminally ill! China's local debt of 275 trillion Guizhou became the first bankrupt province?
13/04/2023, 10:31:50 pm

[Financial Channel/Comprehensive Report] China's local debt exceeds US$9 trillion (approximately NT$275 trillion), which has become an uncertain time bomb for China's financial system. Recently, Guizhou publicly blew up its high debts, which cannot be resolved by its own ability alone. It directly appealed to Chinese Premier Li Qiang for "intellectual support"

[Financial Channel/Comprehensive Report] China's local debt exceeds US$9 trillion (approximately NT$275 trillion), which has become an uncertain time bomb for China's financial system.

Recently, Guizhou publicly blew up its high debts, which cannot be solved by its own ability alone. It directly appealed to Chinese Premier Li Qiang to get "intellectual support" to relieve financial pressure.

China's Guizhou Provincial Government Development Research Center posted on its website on the 11th that the Finance, Taxation and Financial Research Department of the research center recently went to Guiyang, Gui'an, Zunyi, Bijie, Liupanshui and other places to conduct the so-called "Special Research on Resolving Guizhou Local Government Debt". It is found that the debt problem has become a major and urgent problem facing the local governments. However, due to "limited financial resources", it is extremely difficult to advance the debt relief work, and it is impossible to effectively solve it by relying on its own ability.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 22:01 | Report Abuse

The article emphasizes that the research team will seek "intellectual support" from the National Research Center in the next step, and put forward feasible suggestions for resolving local debts in Guizhou.

The National Research Center refers to the Development Research Center of the State Council of China. Guizhou's move is tantamount to shouting at Li Qiang, hoping that the central government will give money quickly, otherwise it will lie flat.

Guizhou publicly admitted that it was unable to solve the huge debt problem, and even appealed to the central government, which aroused discussion. At present, this article has been deleted, and the reprints on China's major social platforms have gradually disappeared.

How serious is the local debt problem in China?

According to Reuters, China's local government debt exceeds US$9 trillion and continues to increase. Local governments also require banks to postpone debts or lower lending rates.

According to data from Fitch International, the amount of overseas debt due by Chinese local governments through "local financing platforms" this year has increased to US$790 billion, a record high since 2021.

The IMF's latest report also stated that the total debt of China's local government financing vehicles has increased from 57 trillion yuan (about NT$253.6 trillion) last year to a record 66 trillion yuan (about NT$293 trillion), which is equivalent to the country's GDP. half.

According to statistics from Chinese media, by the end of 2022, the debt ratios of the four provinces of Heilongjiang, Xinjiang, Tianjin, and Guizhou will exceed 400%.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:09 | Report Abuse

Malaysia has the basics to do well...how well it will do depends on the quality of the people...

Of course any statement that CPC is evil reduces Malaysia's chances one notch.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:19 | Report Abuse

We will see who spends wisely
...China spends it on building stuffs America spends in on wars and destroying people and stuffs

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:21 | Report Abuse

Chinese people famous for household savings America people famous for no savings

foongsh

1,378 posts

Posted by foongsh > 2023-04-14 22:21 | Report Abuse

Posted by IDQWE001 > 20 minutes ago | Report Abuse

Terminally ill! China's local debt of 275 trillion Guizhou became the first bankrupt province?
13/04/2023, 10:31:50 pm

time bomb burst one by one

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:21 | Report Abuse

China is a surplus country America is a toilet paper printing country.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 22:23 | Report Abuse

Many people dont know CCP depends on too much leverage on the infrastructure and property bubbles to boost up GDP. It can be done easily by dipping a hole and covering back the hole to boost up the GDP on numbers, however, it does not generate any value to the development anymore with very high leverage. How CCP local government to generate GDP, by selling lands to developers, then developers build very expensive housing to the market. It is too expensive to afford and now the 3 years lock down the property bubble burst, the property value dropped by 50%. Due to the banking system , the local banks even discharge all the payments to developers when the building complete only 50%. The sales drop the developers not able to generate cash flow to continue the building construction work and caused thousnds of abandoned buildings all over the cities. And now homebuyers cant get the completed units to stay but still to pay their housing loans. As such, homebuyers stopped paying housing loan due to many jobless or pay. The local banks are in financial crisis and caused the depositors cant withdraw their money. CCP cant rely on infrastructure construction and property to boost up their GDP anymore which normally contributed 30% of GDP.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:29 | Report Abuse

Chinese people knows full well the mentality of western media towards China.....to western media China do what also wrong.....have been like that for 70 years already and even longer

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:32 | Report Abuse

Most of it is just bigotry yellow peril red peril and racism and jealousy

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-14 22:34 | Report Abuse

And then we have 2 idio.tic Malaysians supporting bigotry, racism yellow peril and red peril against China against Chinese.

foongsh

1,378 posts

Posted by foongsh > 2023-04-14 22:39 | Report Abuse

Posted by IDQWE001 > 14 minutes ago | Report Abuse

Many people dont know CCP depends on too much leverage on the ...

Malaysian red army very anxious now he knows this is the truth but can't accept and don't know how to explain. very pity

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 08:49 | Report Abuse

just bigotry yellow peril red peril and racism and jealous

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 08:56 |

Post removed.Why?

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 08:59 |

Post removed.Why?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-15 09:19 | Report Abuse

Posted by foongsh > 10 hours ago | Report Abuse

Malaysian red army very anxious now he knows this is the truth but can't accept and don't know how to explain. very pity.

Bravo, the future of dynamic economy in ASEAN Countries. Small investors to observe which sectors of global supply chain moving fast into Malaysia, the coming near future is very bright. Lets support DSAI and Unity Government. Watch out those pity red army who want Malaysia die.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 09:28 | Report Abuse

Malaysia want to built 500 km of hsr also no money. China built 40000 km hsr in 10 years and doubles it over next 10 years ..... It's China.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 09:34 | Report Abuse

America want to built hsr but no money but they got unlimited money to send to Ukraine

foongsh

1,378 posts

Posted by foongsh > 2023-04-15 09:38 | Report Abuse

Posted by IDQWE001 > 14 minutes ago | Report Abuse

Bravo, the future of dynamic economy in ASEAN Countries. Small investors to observe which ....

DSAI very smart to balance the development of economy, only silly person keep on buidling white elephant and abandoned buidlings to make himself into bad debt trap.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 11:14 | Report Abuse

A lot of things cannot change...
Western media will continue to smear to demonise China and imagine they are angels.....that is how it is.

They have been doing it for hundreds of years and gained plenty of experience with their hypocrisy, cheats, lies and every tool in the box.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-15 11:32 | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI very smart to balance the development of economy ...

Giving subsidies to citizens is better than building white elephant and abandoned buidlings, at least abandoned housing projects are under control.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 12:05 | Report Abuse

Western media smears and demonise China

Chinese media defends China what people to know the real China but Chinese media do not smear and demonise other people

foongsh

1,378 posts

Posted by foongsh > 2023-04-15 12:46 | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Giving subsidies to citizens is better than building white elephant

DSAI and Unity Government creating job opportunity to minimise jobless claim, all media give thumb up. Global supply chain will create more jobs for Malaysian.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 13:42 | Report Abuse

America media is a liar and war machine

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-15 14:41 | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI and Unity Government creating job opportunity to

helping rakyat is the major task, boosting up GDP without boosting up living standards is nonsense.

qqq47660

8,807 posts

Posted by qqq47660 > 2023-04-15 15:22 | Report Abuse

China’s ASEAN shipments up 34% year-on-year in March in clear sign ‘decoupling’ with developing Asia simply isn’t happening


Better don't call CPC evil

foongsh

1,378 posts

Posted by foongsh > 2023-04-15 19:28 | Report Abuse

Posted by IDQWE001 > 4 hours ago | Report Abuse

Posted by foongsh > 1 hour ago | Report Abuse

DSAI and Unity Government creating job opportunity to

helping rakyat is the major task, boosting up GDP without boosting up living standards is nonsense.

ASEAN countries are in rise export to US and western going up very fast, global supply chain happening and it is real. cheers up.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-16 09:04 | Report Abuse

Warren Buffett cuts stake of China's BYD for the 10th time, why? Bad luck comes for China EV makers

https://youtu.be/ED0ID9gtsVM

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-28 08:57 | Report Abuse

NATGATE客户供应链
从中国转移到大马
至于NATGATE控股,分析员认为,其独特的价值主张能克服行业弱点。虽然未能幸免第一季的季节性疲软,但该集团有信心实现20%的利润年增长,因为消费电子产品、数据计算以及汽车领域的主要客户的订单有所增加。

“NATGATE控股的客户的供应链部分从中国转移到大马之后,该集团会看到大量机遇。它还在与新客户讨论业务,同样地,最早可能会在第三季看到收益贡献。值得注意的是,其8号工厂的新建筑已部分启用。”

supersaiyan3

3,128 posts

Posted by supersaiyan3 > 2023-04-28 10:31 | Report Abuse

據一些還有訂單的廠商說,歐美客戶讓他們做好準備,一年後完全沒單了。

(有些人就是「身為韭菜的命,卻還擁有鎌刀的心。」真是可笑啊!)

(你看著他們很可憐,一些買股票老輸錢,卻還指天罵地的說世道不公,說管理者欺騙他們。但其實他們的人品與才學不配,怎麼可能賺到錢呢?)

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-05-02 18:26 | Report Abuse

Kian Ming: US-China tensions making govt complacent about creating compelling investor narratives

KUALA LUMPUR, May 2 — Former deputy minister of international trade and industry (Miti) Ong Kian Ming today said the unity government was showing signs of complacency when it came to creating a compelling narrative to attract foreign investments and steer the national economy.

The complacency was caused by US-China tensions, which meant Malaysia was taking for granted that investments would come the country’s way, he said on the podcast ‘Keluar Sekejap’.

“Maybe, for now, I think there is something a little like complacency.

“The complacency is because okay, China and the United States have tensions, so investments will come to South-east Asia and Malaysia will definitely be a beneficiary,”

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-05-02 18:31 | Report Abuse

Globetronics issues profit warning

KUALA LUMPUR: Globetronics Technology Bhd expects 2023 to be a challenging year and experience a decline in profitability.

“Several factors contributing to this decline include softer revenue forecasts from our customers, the full-year tax impact of our expired pioneer status in one of the subsidiaries, the full impact of increased minimum wages and increase in utilities costs,” the semiconductor manufacturer said in the notes accompanying its financial results.

Globetronics said the semiconductor industry continues to experience challenging macroeconomic and geopolitical issues resulting in supply chain disruption, uncertain end demand, rising inflation and manpower shortages.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-05-02 18:32 | Report Abuse

Key words: semiconductor industry, geopolitical issues resulting in supply chain disruption

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