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TIAN YUAN GP (06119.HK) plans to engage in new Business activities related to mining Trade in Indonesia.
Gelonghui 12th December丨TIAN YUAN GP (06119.HK) announced that the group intends to cooperate with local Indonesian enterprises to carry out new business activities related to mining Trade in Indonesia. The company has established a wholly-owned subsidiary in Indonesia, and the group's initial plan is to engage in Nickel ore Trade as part of its new business activities, with the aim of gradually expanding to mining contracting, mining rights Trade, while the product range will also gradually extend from Nickel ore to Bauxite, Coal, Petroleum, and Henry Hub Natural Gas. As of the date of this announcement, the group is mainly engaged in bulk cargo handling services, related supporting value-added port services, as well as supplying and selling oil products.
Express News | Tian Yuan Group - Group Plans to Commence Its New Business Activity With Nickel Ore Trading Initially
Express News | Tian Yuan Group - Intends to Cooperate With Local Enterprise(S) in Indonesia to Commence New Business Activity
Maersk raised this year's performance guidance, most shipping stocks rose, ooil (00316) rose by 2.61%.
Kingfisher Financial News: Maersk raised its performance guidance for the year. Boosted by this news, most shipping stocks rose, with Great Harvest (03683) up 4.79%, OOIL (00316) up 2.61%, Cosco Shipping Holdings (01919) up 2.57%, Tian Yuan GP (06119) up 2.35%, and Cosco Ship Port (01199) up 1.92%. Denmark's shipping group Maersk raised its performance guidance for the year primarily due to strong third-quarter performance, robust demand, and ongoing disruptions in the Red Sea shipping. Maersk's preliminary adjusted EBITDA for the third quarter before depreciation, amortization, and taxes...
Tian Yuan Group Holdings (HKG:6119) Strong Profits May Be Masking Some Underlying Issues
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
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