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PropertyGuru Asia Real Estate Summit concludes ninth edition, focusing on 'Powering Communities'

Retrieved on: 
Monday, December 18, 2023

Hari Krishnan, PropertyGuru Group, Chief Executive Officer & Managing Director, delivering the Opening Keynote

Key Points: 
  • Hari Krishnan, PropertyGuru Group, Chief Executive Officer & Managing Director, delivering the Opening Keynote
    ARES Visionary of the Year awardee Ar.
  • This year's theme aligns with PropertyGuru Group's vision to power communities to live, work, and thrive in tomorrow's cities.
  • The first panel discussion of the day was led by Manav Kamboj, Chief Technology Officer and Managing Director, Fintech at PropertyGuru Group.
  • PropertyGuru Asia Real Estate Summit 2023 is supported by official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; official publicity partner Artemis Associates; media partners Bridges, d+a Magazine, Hot Magazine, Manila Bulletin, Powderlife, REm, and Techsauce; and supporting associations IFC ?

Synergy House Achieves Record Growth with RM69.2 Million Revenue, Profits after Tax Surge by 30.24% in 3Q FY2023

Retrieved on: 
Thursday, November 23, 2023

Executive Director of Synergy House, Mr. Tan Eu Tah

Key Points: 
  • Executive Director of Synergy House, Mr. Tan Eu Tah
    Executive Director of Synergy House, Mr. Teh Yee Luen
    In a remarkable display of growth, the Group reported a robust revenue of RM69.2 million and profit after tax ("PAT") of RM8.1 million for 3Q FY2023, indicating significant quarter-on-quarter improvements.
  • This exceptional performance for the current quarter is largely attributed to Synergy House's business-to-consumer (B2C) sector's improved margins, along with the strong growth in its business-to-business (B2B) operations.
  • The United Kingdom followed closely with RM27.6 million, while the United Arab Emirates contributed RM8.6 million.
  • As at 23 November 2023, the share price of Synergy House is RM0.57, representing a market capitalisation of RM285.0 million.

PSI Group, a Long-Established Global Logistics Service Provider, Plans to List on Nasdaq Through Merger with AIB Acquisition Corporation

Retrieved on: 
Thursday, December 28, 2023

PSI is one of the renowned air freight forwarding specialists in Hong Kong, providing global logistics and supply chain service to clients of various industries, including postal operators, e-Commerce merchants, senders and consignees.

Key Points: 
  • PSI is one of the renowned air freight forwarding specialists in Hong Kong, providing global logistics and supply chain service to clients of various industries, including postal operators, e-Commerce merchants, senders and consignees.
  • Founded in 1993, the company is headquartered in Hong Kong with a global network, operating through its subsidiaries, namely Profit Sail Int’l Express (H.K.)
  • The company is managed and run by a group of professionals with over 30 years of combined expertise in the logistics and air/ocean freight industries.
  • Cooley LLP is serving as U.S. legal advisor, and Ogier is serving as Cayman Islands legal advisor to PSI in connection with the Business Combination.

Society Pass Inc (Nasdaq: SOPA): Ascendiant Capital Issues 3Q 2023 Equity Research Update; 3Q Results Show Solid Revenue Growth and Maintains Positive Outlook on Growth Prospects

Retrieved on: 
Thursday, December 7, 2023

Click Here (on Society Pass website) or Here (on Ascendiant website) to view the full Ascendiant Equity Research Report.

Key Points: 
  • Click Here (on Society Pass website) or Here (on Ascendiant website) to view the full Ascendiant Equity Research Report.
  • • Valuation: Ascendiant maintains a positive outlook due to SoPa’s high growth prospects and large upside opportunities.
  • • 3rd Quarter 2023 Results Shows Improvement Y-O-Y: Revenues reached $2.3 million (+11% y-o-y).
  • • Management Change: In October 2023, Raynauld Liang was appointed as the new Chief Executive Officer of the company.

Best’s Market Segment Report: AM Best Maintains Stable Outlook on Malaysia’s Non-Life Insurance Segment

Retrieved on: 
Tuesday, December 19, 2023

AM Best has maintained its outlook on Malaysia’s non-life insurance segment at stable, citing expectations of solid premium growth and the maintenance of underwriting and pricing discipline maintained amid the phased de-tariffication of motor and fire businesses.

Key Points: 
  • AM Best has maintained its outlook on Malaysia’s non-life insurance segment at stable, citing expectations of solid premium growth and the maintenance of underwriting and pricing discipline maintained amid the phased de-tariffication of motor and fire businesses.
  • The Best’s Market Segment Report, “Market Segment Outlook: Malaysia Non-Life Insurance,” states that total non-life gross premiums written in 2022 rose 11.7% year over year to MYR 24.5 billion (USD 5.3 billion), with 31% of the growth coming from the general takaful segment.
  • Extreme weather events such as floods have hampered the non-life insurers’ profitability in recent periods, according to the report.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Altiam Digital Announces The Appointment Of IT Sales Leadership Veteran Tina Valdez as Chief Revenue Officer

Retrieved on: 
Tuesday, November 14, 2023

DAVIE, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Altiam Digital, a provider of security, automation, and technology services, announces the appointment of IT sales leadership veteran Tina Valdez as Chief Revenue Officer.

Key Points: 
  • DAVIE, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Altiam Digital, a provider of security, automation, and technology services, announces the appointment of IT sales leadership veteran Tina Valdez as Chief Revenue Officer.
  • Making this announcement, Wayne White, CEO of Altiam Digital, said, "I am tickled pink.
  • Tina is not only a seasoned sales executive, but she has led IT and operations in large enterprises, as well as fast-growing startups.
  • Earlier, she led sales and operations teams at Cisco, GE, Avaya, and USWest, and was GM and CIO at TTEC.

Ramirez Asset Management Readies to Launch Two Commingled Funds

Retrieved on: 
Monday, December 11, 2023

Ramirez Asset Management (“RAM”) will enter the pooled investment market with the launch of two mutual funds that will offer share classes for both retail and institutional investors.

Key Points: 
  • Ramirez Asset Management (“RAM”) will enter the pooled investment market with the launch of two mutual funds that will offer share classes for both retail and institutional investors.
  • These funds will launch on December 15, 2023.
  • The fund will be unique in the money fund marketplace as one of few managed by a diverse investment manager.
  • RAM’s fixed income team led by portfolio managers Sam Ramirez Jr., Louis Sarno, Helen Yee and Alex Bud, will manage both funds.

MedTech Innovator Crowns MicroTransponder and Mirai Medical Among its Top Innovators of 2023

Retrieved on: 
Friday, November 17, 2023

MedTech Innovator (MTI), the world’s largest accelerator of medical devices, today announced that MicroTransponder won the inaugural 2023 Mid-Stage Grand Prize competition, and Mirai Medical won the 2023 Value Award during the MedTech Strategist Innovation Summit in San Francisco .

Key Points: 
  • MedTech Innovator (MTI), the world’s largest accelerator of medical devices, today announced that MicroTransponder won the inaugural 2023 Mid-Stage Grand Prize competition, and Mirai Medical won the 2023 Value Award during the MedTech Strategist Innovation Summit in San Francisco .
  • The 2023 cohort was selected from over 1,100 applicants, receiving mentorship, resources, access to industry stakeholders, industry visibility, and over $800,000 in awards.
  • StrokeDX was crowned the 2023 Early Stage Grand Prize winner after the audience vote on October 10, 2023, at AdvaMed’s The MedTech Conference.
  • MicroTransponder received the largest MedTech Strategist live audience vote on November 15, winning the $200,000 Grand Prize for its transformative stroke treatment technology.

DXP Enterprises, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.
  • The following are results for the three months ended September 30, 2023, compared to the three months ended September 30, 2022, and for the three months ended June 30, 2023, where appropriate.
  • Third Quarter 2023 financial highlights:
    Sales increased 8.2 percent to $419.2 million, compared to $387.3 million for the third quarter of 2022, and decreased 2.1 percent compared to the second quarter of 2023.
  • Adjusted EBITDA for the third quarter of 2023 was $44.0 million compared to $34.3 million for the third quarter of 2022.

The Citadel Raises $3.3 Million Seed Round Led by 1kx for Decentralized Sci-Fi Virtual World

Retrieved on: 
Wednesday, November 8, 2023

LOS ANGELES, Nov. 8, 2023 /PRNewswire/ -- Yee-Haw Monster Trucks, a gaming studio building a new kind of virtual world built and governed by players, today announces its $3.3 million seed round. The round was led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO, and several angel investors.

Key Points: 
  • LOS ANGELES, Nov. 8, 2023 /PRNewswire/ -- Yee-Haw Monster Trucks, a gaming studio building a new kind of virtual world built and governed by players, today announces its $3.3 million seed round.
  • The round was led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO, and several angel investors.
  • With The Citadel, Yee-Haw Monster Trucks aims to redefine what an MMO can be while simultaneously demonstrating the true potential of decentralized technology for game worlds.
  • To stay up to date, follow The Citadel on Twitter at twitter.com/0xCitadel or join the Discord server at discord.gg/thecitadel .