FAST NEWS: Linklogis Third-Quarter Profit Plunges as Clients Suffer Covid Hit

The latest: Supply chain financing solutions provider Linklogis Inc. (9959.HK) said Tuesday it expects to record an adjusted profit of approximately 153 million yuan ($21.6 million) for the first nine months of the year, down 37% year-on-year. Looking up: Linklogis said that expanded up-front investments in new business opportunities and new customers resulted in an increase in its up-front expenditure for research and development, sales and marketing for the period. But it expects such expenditures will translate into long-term growth opportunities. Take Note: The company recorded an adjusted profit of just 25…

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Driven by Nickel Battery Boom, Lygend Resources Powers up its IPO

The nickel products trader is about to go public in Hong Kong on the back of fast profit growth as it expands across the nickel supply chain Key Takeaways: Lygend Resources has passed listing hearings at the Hong Kong Stock Exchange and is said to be looking to raise $1 billion The company is on track for strong growth with the rapid uptake of high-nickel batteries for electric cars By Ken Lo The market for electric cars depends on battery power, generated using industrial metals such as nickel. With that…

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Dingdong Sticks to Profit Delivery Promise by Year End

The online grocer trimmed its non-GAAP net loss by 86% in the third quarter, but also reported its first-ever revenue decline as it focused on cost controls and higher-margin products Key Takeaways: Dingdong’s non-GAAP net loss narrowed by 86% in the third quarter, as it reiterated its goal of achieving breakeven on that basis by year-end The company’s gross margin improved markedly on strong cost controls and a focus on higher-margin products By Trevor Mo Ever since leading online grocer Dingdong Cayman Ltd. (DDL.US) reported its first ever non-GAAP profit…

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