Samudera shipping - strong results. Shipping freight rates remain strongSamudera Shipping's H1 net profit has increased more than five times on the back of higher freight rates and significant cost-management measures put in place by the group. Net profit for the half-year ended June 30 was US$36.7 million, up from US$7.2 million a year ago. Earnings per share worked out to 6.83 US cents, up from 1.33 US cents.
$AAPL - still an unstoppable money printerApple said Tuesday its profit in the just-ended quarter nearly doubled to US$21.7 billion on growth in iPhone sales and digital services. Revenue surged 36 per cent from a year ago to US$81.4 billion, the best ever for the tech titan's fiscal third quarter$GOOGL and $MSFT strong results too. Unwavering big tech
$xiaomi - wow now second largest phonemakerChinese smartphone maker Xiaomi was the second-largest smartphone maker in the second quarter, overtaking Apple, according to analyst firm Canalys. Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%. “Xiaomi is growing its overseas business rapidly,” Canalys research manager Ben Stanton said in a press release, noting shipments increased 300% year on year in Latin America and 50% in Western Europe. The Chinese smartphone maker posted year-on-year smartphone shipment growth of 83% versus 15% for Samsung and 1% for Apple. Stanton noted, however, that Xiaomi phones are still skewed toward the mass market, with the average selling price of its handsets 75% cheaper than Apple’s.
$OAJ - Fortress minerals doing well, keep on watch list Fortress Minerals saw record revenue of US$17.3 million for the first quarter ended May 31, nearly one-and-a-half times the US$7.1 million figure for the year-ago period. Net profit more than tripled to US$7.2 million, up from US$2.2 million in the year-ago period. The Malaysian producer and exporter of iron ore concentrate attributed its results to increased sales volume and strong iron ore prices
$TSMTaiwan's TSMC posted record quarterly sales and forecast revenue for the current quarter will jump by at least a fifth, boosted by a pandemic-led surge in global demand for semiconductors that power smartphones, laptops and cars. Revenue for April-June at Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and a major Apple supplier, climbed 28 per cent to a record US$13.29 billion.