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- A + A KUALA LUMPUR (May 20): Caely Holdings Bhd’s net loss for the fourth quarter ended March 31, 2022 (4QFY22) shrank to RM9.29 million from RM23.46 million due to an improvement in property development cost on account of lower provision of impairment amounting to RM7.2 million. Loss per share shrunk to 3.61 sen from 5.57 sen, according to the lingerie maker’s bourse filing on Friday (May 20). Quarterly revenue slipped 17.09% to RM10.66 million from RM12.85 million, as the group saw buyers cancellation of sold 2 and 3 storeys shop lot amounting to a reduction in revenue of RM4.2 million. “[This was] partially offset by an increase in manufacturing sales of RM2.2 million or 18.1%, following the gradual opening of the economy arising from post-Covid-19 endemic recovery by various countries, (corresponding) to increase in sales,” it added. For the full year (FY22), Caely’s net loss also shrank to RM6.63 million from RM12.38 million, despite its revenue marginally … [Read more...] about Caely 4Q net loss shrinks on lower impairment of property development cost

- A + A A weekly round-up of tanker and dry bulk market (May 20, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +US$4,805 over the week to close at US$37,538. The Pacific region, while easily the premium region to trade currently, was in … [Read more...] about Baltic Exchange shipping updates: May 20

Share to Twitter Share to Linkedin President and CEO at Volt Active Data, Inc . The future is at the edge. No matter which industry report you put your faith in, the edge computing market is poised to blow up. User expectations, IoT proliferation and 5G latency are converging to test the limits of physics. 5G squeezes the latency possibilities from 4G’s 200 milliseconds to single-digit milliseconds. This squeeze is 5G’s most exciting promise and the single-most-important reason to move computing workloads as close to the action as possible: onto edge sensors and devices or in edge data centers. Consider a healthcare IoT system. It collects patients’ vital data through sensors, analyzes it to spot anomalies, uses machine learning algorithms to make inferences and triggers a notification so caregivers can take appropriate actions in a timely manner. To be useful, all this has to happen in real time (i.e., within single-digit milliseconds). But … [Read more...] about The Power Of Machine Learning At The Edge

Facebook, Inc. ( FB ) stock rallied to a three-month high on Thursday after the company beat third quarter profit and revenue estimates. However, it was a mixed session because the social media giant gapped up and posted the day's high a few minutes after the opening bell before pulling back throughout the day and closing near the intraday low. The reversal highlighted hidden selling pressure while warning new investors that gains may be limited in coming weeks. Technical and political headwinds are likely to drive price action well into 2020, with massive overhead supply around $200 still in place after July 2018's 41-point sell gap and down day. The stock posted the highest selling volume in the past six years in that session, with shareholders hitting the sidelines after the company warned that privacy issues following the Cambridge Analytica scandal were taking a toll on user interaction. That loss of trust has spiraled into a series of international accusations and … [Read more...] about Facebook Upside Appears Limited Despite Strong Quarter

Bloomberg filepix for illustration purpose only - A + A (May 20): China's crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters ' calculations based on official Chinese customs data. Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs. The hefty purchases, with trades completed mostly in February, compare with 1.61 million bpd in March and 1.57 million bpd a year earlier. Imports from second-largest supplier Russia rose a more modest 4% last month from a year earlier, with cargoes booked before western governments toughened sanctions over Russia's invasion of Ukraine in late February. Russian oil arrivals in April totalled 6.55 million tonnes, or 1.59 million bpd, data showed, up slightly from 1.5 million bpd in March and … [Read more...] about China’s April Saudi oil imports soar 38% on yr, Russian oil up 4%