China's Industrial Output Up 5.6%, Home Prices Drop 10.1% in May
TMTPOST—China's manufacturing sector expanded in May while the real estate market continued to be sluggish, data from the National Bureau of Statistics (NBS) showed Monday. Value-added industrial output, an important economic indicator, went up 5.6% year on year in May, according to the NBS data. Meanwhile, the equipment and high-tech manufacturing sectors in particular posted strong growth last month, with their output up 7.5% and 10% from a year ago, respectively. On a monthly basis, the entire industrial output edged up 0.3% in May from the previous month. During the January-May period, it rose 6.2% year on year. The industrial output measures the activity of enterprises each with an annual main business turnover of at least 20 million yuan (about US$2
Angling for Role in GenAI Search While Double Knocking the Home Services Door
⬆ $Yelp Inc(YELP)$ - YELP reported in-line revenue results and lowered EBTIDA for the remainder of the year by $20M ($15M 1Q beat and $5M FY lower) to support... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/angling-for-role-in-genai-search-while-double-knocking-the-home-services-door?utm_source=tiger_community By CGS CIMB Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cgs-cimb-research?utm_source=tiger_community On Yelp Inc (YELP):- https://www.smartkarma.com/entities/yelp-inc?utm_source=tiger_community
Divorced Homebuyer Now Can Buy a Home in Beijing, Just Like a Married One
(AsianFin)—Beijing has taken another step to loosen its housing policy by nullifying a measure that prohibited certain divorced persons from purchasing a residential property in the city within three years after their divorce. The removal of the ban, announced on Wednesday through the latest information on the city's official housing website, is part of nation-wide policies aimed at encouraging home purchases. Effective immediately, individuals in Beijing will no longer face time constraints when purchasing homes after a divorce, according to the Beijing Municipal Commission of Housing and Urban-Rural Development. According to the website of Beijing's housing commission, the ban on homebuying of divorced homebuyers, which was
Hangzhou Lifts Restrictions on Pre-owned Home Purchases to Revive Housing Market
(AsianFin)—Hangzhou, the capital city of Zhejiang province, has ended restrictions on the buying existing homes that were introduced in 2011 in a bid to inject impetus to the city’s property market. There will no longer be a review process for the qualifications of buyers, the city said in an official document on Thursday. Previously, buyers were required to have either a local household registration or provide personal income tax records. "We aim to stimulate the pre-owned housing market to create a synergy between the new housing and pre-owned housing markets, thereby fostering overall market stability. If necessary, we will timely implement relevant measures to further optimize policies in response to market changes," said a spokesperson from the Hangzhou Municipal H
New Oriental's "Returning Home Plan" Marks Strategic Shift Towards East Buy and Cultural Tourism
BEIJING, February 27 (TMTPOST)—In a bid to rejuvenate its workforce and foster the growth of its emerging businesses, New Oriental recently reintroduced the "Returning Home Plan." This initiative, which aims to rehire former employees, particularly those who left the company during the pandemic, has garnered attention amid speculations and misinterpretations. The phrase "Long time no see, missed you much, welcome back home" echoes across New Oriental's official website, where the company extends a warm welcome to its past employees through the "Returning Home Plan." Earlier, star live-streamer Dong Yuhui, the founder, expressed his anticipation of their return during a livestreaming session, saying, "When New Oriental is doing well, I really want them (former employees) to come back."
Haier Smart Home (6690 HK): Further Expansion of Footprint
⬆ $Haier Smart Home (06690)$ - Haier Smart Home's acquisition of Carrier's commercial refrigeration business is financially beneficial and strategically advantageous, expanding its market presence and customer base. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/haier-smart-home-6690-hk-further-expansion-of-footprint?utm_source=tiger_community By Osbert Tang, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/osbert-tang-cfa?utm_source=tiger_community On Haier Smart Home (06690):- https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e?utm_source=tiger_community
China Consumption Weekly (27 Nov 2023): Trip.com, Xiaomi, IQiyi, Full Truck, Home Appliance Export
⬆ $Xiaomi Corp(01810)$ - Trip.com’s domestic hotel bookings increased 70% over pre-COVID 3Q19. Xiaomi’s revenue began to grow in 3Q23 after decreasing for five quarters. China home appliance export surged in October. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/china-consumption-weekly-27-nov-2023-trip-com-xiaomi-iqiyi-full-truck-home-appliance-export?utm_source=tiger_community By Ming Lu, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/ming-lu?utm_source=tiger_community On Xiaomi Corp (01810):- https://www.smartkarma.com/entities/xiaomi-corp?utm_source=tiger_community
⬆ $Haier Smart Home (06690)$ - Haier Smart Home is less exposed to real estate market than expected. Digitalisation and efficiency improvements are driving margin; and innovative products support a 13% 3-year earnings CAGR. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/haier-smart-home-6690-hk-stays-smart?utm_source=tiger_community By Osbert Tang, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/osbert-tang-cfa?utm_source=tiger_community On Haier Smart Home (06690):- https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e?utm_source=tiger_community
IPower, Inc. -Building a Dynamic E-Commerce Home and Commercial Goods Business
⬆ $iPower (IPW)$ - iPower has built a growing, efficient e-commerce platform to market a wide range of home and commercial goods, including hydroponics supplies, fans, shelving systems, pet supplies, and furniture. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/ipower-inc-building-a-dynamic-e-commerce-home-and-commercial-goods-business?utm_source=tiger_community By Water Tower Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/water-tower-research?utm_source=tiger_community On iPower (IPW):- https://www.smartkarma.com/entities/ipower-inc?utm_source=tiger_community
⬆ $Haier Smart Home Co Ltd(06690)$ - Weak share price is unjustified given healthy earnings, net cash position and undemanding valuations. It will benefit from government's push to raise household appliance penetration in rural areas. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/haier-smart-home-6690-hk-value-emerging?utm_source=tiger_community By Osbert Tang, CFA, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/osbert-tang-cfa?utm_source=tiger_community On Haier Smart Home Co Ltd (06690):- https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e?utm_source=tiger_community
Haier Smart Home (6690 HK) – A 4Q22 miss and a prudent FY23E guidance
⬆ $Haier Smart Home Co Ltd(06690)$ - It was quite a miss for Haier in 4Q22, but we think that was partly one-off. On one hand, the domestics business shall gradually bottom out. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/haier-smart-home-6690-hk-a-4q22-miss-and-a-prudent-fy23e-guidance?utm_source=tiger_community By CMB International, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cmb-international?utm_source=tiger_community On Haier Smart Home Co Ltd (06690):- https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e?utm_source=tiger_community
Charging EVs in extreme weather is a big challenge. BRIJING, Janaury 31 (TMTPOST) -- During the Chinese New Year holidays, migrant workers, professionals working away from their hometown and university students head back for a family reunion. During the past holidays, many chose new energy vehicles as their first choice of transportation mode. Electric vehicles have many advantages, including energy-efficiency, environment-friendliness, subsidies and the most effective mode to avoid travel restrictions. Gas cars are allowed to hit the road only a few days in a week in many cities in China. However, EVs have some disadvantages, such as a short range and difficulties in finding a charging station. Against the backdrop of low winter temperatures, the long distance and long lineups
E-Home Household Service Holdings Limited Enters into a Memorandum of Understanding to Wholly Acquire a Provider of New Energy Solutions FUJIAN, China, November, 14, 2022 -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or "E-Home"), a provider of integrated household services in China, today announced that, the Company through its wholly-owned subsidiary E-Home Household Service Holdings Limited (Hong Kong) (the “E-Home Hong Kong”), has entered into a non-binding Memorandum of Understanding (the “MOU”) with Fujian Min High-tech Energy Technology Co., Ltd. (the “Min High-tech Energy”) to acquire 100% of the equity interest in Min High-tech Energy in cash and stock. Min High-tech Energy is a high-tech company mainly engaged in the investment, construction, and opera
FUZHOU, China, Oct. 21, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that the Company’s subsidiary Zhongrun (Fujian) Pharmaceutical Co., Ltd. (“Zhongrun”) has outlined new strategic business plan to expand market coverage and medical product offerings via online and offline sales networks in Fujian province, China. Zhongrun also reached partnership with top traditional Chinese medicine (“TCM”) company Zhejiang Huisong Pharmaceutical Co. Ltd. (“Huisong”). Pursuant to the business plan, Zhongrun will expand from the existing pharmaceutical wholesale business to the retail market through both offline and online sales channels. Zhongrun will initiate in-depth c
FUZHOU, China, Oct. 13, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced that the Company’s subsidiary Putian YouYou Cleaning Co., Ltd. (“YouYou”) has been awarded RMB20 million ($2.8 million) property cleaning and residential green belt maintenance contracts since the second quarter of this year. Pursuant to the contracts signed, YouYou will provide property cleaning services at 20 residencies that cover an area of more than 3 million square meters for service periods ranging from one to two years. YouYou is also in charge of maintaining the tidiness of green belt landscape at the residential areas, as per the contracts. Mr. Wenshan Xie, Chairman and CEO of E-
FUZHOU, China, Oct. 12, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced the Company has signed multiple household cleaning service contracts to provide both daily hygiene maintenance and domestic garbage sorting and dumping services for properties under management of long-term clients in Fujian province, China. Pursuant to the five contracts signed, E-Home will provide cleaning services in public areas including carparks, green belts, passages and public facilities, public restrooms, among others. E-Home’s crew will also be in charge of garbage collection, transfer and dumping services for the residencies managed by Zhengrong Property Service Co. Ltd., Fuzhou
FUZHOU, China, Sep. 15, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, is pleased to announce that the Company has acquired a building and moved to its new headquarter in Fuzhou city of China Fujian province. The new office in city center reaffirms E-Home’s commitment to continue to grow in the region, where the Company was founded 8 years ago. With the support from shareholders, customers and all stakeholders of the Company, E-Home has been expanding its scope of services since its establishment on April 1, 2014. With devotion to provide the best services for clients, E-Home is strengthening its skills and services while building strong brand in the market, which helps the
FUZHOU, China, Aug. 30, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, is pleased to announce that it has begun development of BAO TAO, a proprietary all-in-one home services tool meant to simplify daily household management.BAO TAO is the result of E-Home leveraging its recently acquired Chuangying Business Technology Co.’s technological knowhow to modernize and expand access to household services. The new application seeks to redefine the Company’s approach to AI technology in enterprise and household cleaning as well as waste and inventory management. BAO TAO helps keep track of office and cleaning supplies and offers a seamless solution for scheduling maintenance, repair
FUZHOU, China, Aug. 25, 2022 (GLOBE NEWSWIRE) -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the “Company” or “E-Home”), a provider of integrated household services in China, today announced the Company has been awarded household and cleaning service contracts worth a total of RMB 4.7 million in August.Pursuant to the contracts signed, E-Home will be the designated household and cleaning service provider for two years for seven properties under the management of Shanghai Fanying Environment Engineering Co. Ltd., Fujian Company and Fujian Fusheng Property Management Co Ltd.Among the contracts signed, Putian YouYou Cleaning Co., Ltd. (“YouYou”), a subsidiary of the Company, has been awarded RMB2.9 million new property cleaning contracts which last between one and two years to pr
Home Bancorp, Inc.是一家路易斯安那州的公司,于2008年10月在双方股票收纳后成为Home Bank的控股公司。Home Bank 是联邦政府特许的社区储蓄银行,最初成立于1908年, 其总部位于拉斐特路易斯安那州。该银行是公司的全资子公司,目前通过30个银行办事处在拉斐特、新奥尔良、易斯安那南部的欧胡岛北岸开展业务。银行主要从事吸引公众存款,使用这些基金投资贷款和证券。公司的主要资金来源是客户存款,贷款的偿还,偿还投资和外部资源资金的借用,如达拉斯的联邦住宅贷款银行(FHLB)。这些资金主要用于贷款的发放,包括一至四户型住宅按揭贷款、房屋净值贷款、商业房地产贷款、建筑和土地贷款、多户型住宅贷款、商业和工业贷款以及消费贷款。银行收入主要来自贷款利息和投资证券,并在较小程度上,来源于贷款的偿还服务费、存款账户服务费和其他服务服用。银行的主要开销在于存款利率费用、借款的利息费用和一般操作费用。