Friday, November 21, 2014

Global Sources’ Johannesburg show features 600 booths

News this week: Last week, NASDAQ-listed B2B media group, Global Sources, held the fifth edition of its China Sourcing Fairs in Johannesburg at the Johannesburg Expo Centre. The event took place from 13th to 15th November and hosted 600 booths.

This edition of the featured a wide range of product categories including: Electronics, Fashion Accessories, Garments and Textiles, Gifts and Premiums, Hardware and Building Materials and Home Products. According to Global Sources, buyers attending the three-day trade show last year reached 8,500 and pre-registered buyers are up 22% during this year’s build-up.

Tommy Wong, president of Global Sources Exhibitions, said, “With the surge we have experienced in pre-registrations for the show, we are optimistic for a record turnout of buyers this year. China has been Africa’s largest trading partner for five consecutive years, with business growing to US$210 billion in 2013, up from US$166 billion in 2011. The success of our show reflects that trend.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Online B2B apparel marketplace ordre.com launched

News this week: A new international B2B e-commerce platform, Ordre.com, was recently launched by Hong Kong-based The Lock Group featuring ready-to-wear apparel collections. Participation as a retail buyer on Ordre.com is by invitation only. The platform does not publically list its buyer network.

The Lock Group was founded in Australia in 1989. The company’s business portfolio includes organising annual apparel industry events in Australia and around the Asia-Pacific region. The sourcing platform currently features apparel from more than 20 fashion designers, including Chalayan, Emilia Wickstead, House and Holland and Jason Wu. The platform expects to feature apparel from around 60 designers in the near-term future.

Ordre.com is reportedly backed financially by a team of early-stage investors led by Michael Alexander, CEO of investment firm Jefferies Hong Kong Ltd. The investors are expected to contribute a total of US$10 million in this round of funding.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

BOL’s revenues and profits up

News this week: Last week, Bangkok-based business information provider, Business Online (BOL), announced its financial results for the quarter ended 30th September 2014. Revenues for the quarter were US$3.8 million, a jump of 42% over the same quarter last year. Net income in the quarter was up 21%, amounting to US$662,000.

BOL also released results for the nine months ended 30th September. Revenues during this period were US$10.1 million, a 17% increase from the same period in 2013. Net income was up 18% year-on-year to US$1.8 million. Diluted earnings per share for the nine-month period were Baht 0.08 (US$0.0025).

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

TTG’s revenues up 28% in Q3, profits fall

News this week: Last week, Hong Kong-listed Sino Splendid (formerly China.com) reported its results for the quarter ended 30th September 2014. TTG Media, a subsidiary focused on the travel media segment, recorded revenues of US$3.1 million – an increase of 28% compared to the same period in 2013. Net income in the quarter was down 48% to US$378,000.

Sino Splendid also released results for the nine months ended 30th September. Revenues during this period were US$7 million, a 17% decrease from the same period in 2013. The company recorded a net loss of US$464,000 during the nine-month period.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Reed’s in-cosmetics Asia draws 400 exhibitors

News this week: Reed Exhibitions’ in-cosmetics Asia recently concluded at the Bangkok International Trade and Exhibition Centre (BITEC). The three-day show ran from 4th to 6th November 2014, and featured more than 400 exhibitors from 28 countries and regions.

Reed reported a 10% growth in visitor attendance this year, which included close to 6,600 international visitors and brand representatives from the likes of Johnson & Johnson, Unilever, Beiersdorf and L’Oréal. An increase in visitor numbers from India and Australia were highlighted this year, as well as a 30% increase of Japanese visitors. Reed hosted two conference sessions on topics covering regulations in the West and in Asia.

Sarah Gibson, exhibition director of in-cosmetics Asia, commented, “Thailand boasts 2,000 cosmetics manufacturers and they import 90% of their ingredients. 2015 is a particularly important year with the new ASEAN economic community set to open up new opportunities for the personal care industry in the region, so it’s no surprise that this year we hosted more ingredient suppliers than ever-before and the best educational programme thus far. I am very proud and excited to report that initial feedback is that this year’s exhibition was the best ever.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

HKTDC’s autumn fairs host 8,800+ exhibitors

News this week: The Hong Kong Trade Development Council (HKTDC) has organised seven trade shows in Hong Kong during the months of October and November 2014, hosting more than 8,800 exhibitors including overseas exhibitors originating from 54 countries and regions – an increase of 2% against the same period last year.

According to the HKTDC, more than 186,000 local and overseas buyers from 174 countries and regions attended the shows, down 6% year-on-year. Five out of the seven fairs were held at the Hong Kong Convention and Exhibition Centre (HKCEC), including the Hong Kong Electronics Fair (Autumn Edition), electronicAsia, Hong Kong International Lighting Fair (Autumn Edition), Hong Kong Optical Fair, and Hong Kong International Wine & Spirits Fair. Eco Expo Asia and the Hong Kong International Building and Hardware Fair were both held at AsiaWorld-Expo (AWE).

Benjamin Chau, deputy executive director of HKTDC, remarked, “According to the Hong Kong Tourism Board, per capita spending of business overnight visitors was over HK$10,000 (US$1,290) during their stay. Based on this figure, the total amount spent by overseas buyers and exhibitors during the fairs would amount to more than HK$1.2 billion (US$155 million) to Hong Kong, not including earnings from trade orders and related business services. These findings prove once again the enormous economic contributions exhibitions and conventions make to the Hong Kong economy.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Friday, November 14, 2014

Gurgaon plans US$5 bil venue through Indo-Sino partnership

News this week: According to Indian media reports, Gurgaon-based Indian real estate development company, M3M Group, and Guangzhou real estate firm, Xinji Group, have signed an MoU to build a US$5 billion convention and exhibition centre in New Delhi.

A signing ceremony took place in Guangzhou detailing plans which included land resources provided by M3M and its Chinese counterpart to provide the expertise to develop the venue. A tentative timeframe for the project is expected at round five years which will include other commercial real estate and hotels.

Pankaj Bansal, director of M3M Group, was quoted saying, “We plan to build a large scale exposition centre of the kind that India does not yet have. In Delhi, all we have now is Pragati Maidan for exhibitions, and there is a real void when you talk about world class, modern exhibition centres as you have in China like the world renowned Canton Fair in Guangzhou. We hope Gurgaon will have that.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Diversified’s Seafood Expo Asia grows 10%

News this week: Space sold at Diversified Communications’ 5th edition of Seafood Expo Asia grew by more than 10% this year with over 200 exhibitors showcasing their products and services from the fish and aquaculture industry. The three-day show ran from 2nd to 4th September 2014 at the Hong Kong Convention and Exhibition Centre (HKCEC) and the event attracted more than 8,600 visitors from 66 countries and regions.

According to Diversified, 18 group pavilions were hosted including those from Argentina, Australia, Greece, Italy, France, Britain, the Maldives, China, Taiwan, Malaysia, Singapore, Canada and the U.S. Product highlights included Scottish salmon, abalone from Australia and razor clams from Ireland, while key industry trends focused on sustainability and ocean-friendly initiatives.

Ms Terri Tsang, show director at Diversified Communications, said, “In Asia, green shoppers are still on a learning curve although sustainability considerations are definitely starting to impact and influence purchasing decisions. Consumers are continuing to show an increasing appetite for premium products from quality suppliers and Seafood Expo Asia is reacting to that demand.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

Tarsus’ interim results on track

News this week: Earlier this week, London-listed media group, Tarsus Group, released its interim results for the period 1st July to 10th November 2014. Tarsus’ management reported that third quarter results and outlook for the 2014 full year remains in line with the company’s expectations, with current like-for-like bookings adjusted for biennial cycling coming in 8% ahead of 2013.

Tarsus announced its annual Guangzhou auto-aftermarket exhibition, AAITF, will be relocated to Shenzhen beginning in 2015. The company’s management also highlighted its future strategy to focus on six key geographical areas which include the U.S., China, Southeast Asia, Dubai, Turkey and Mexico.

Douglas Emslie, managing director of Tarsus Group, commented, “We have had a very good third quarter with strong performances across the major brands: Zuchex, Sign, Labelexpo and Offprice. We expect solid performances from our remaining shows in 2014 and the Group remains confident of delivering a good performance for the full year. We continue to drive our “Quickening the Pace” strategy through organic growth, brand replications and small acquisitions that accelerate our strategic goals.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

HC International’s revenue and profit both rise

News this week: Earlier this week, Hong Kong-listed HC International reported its results for the nine months ended 30th September 2014. Revenues in the period were US$118 million, a year-on-year growth of 21%. Profit attributable to equity holders in the nine-month period was US$26 million, a jump of 63% over the first nine months of 2013. The management attributed the growth in profit to the improvement in online revenues and better control of the company’s costs and expenses. Diluted earnings per share in the first nine months were RMB 0.2329 (US$0.0379).

The company’s largest business segment, online services, generated 85% of total revenues (US$100 million) – up 24% over the first nine months in 2013. The seminars & other services segment generated revenues of US$14 million or about 12% of the company’s overall – up 9% year-on-year. The remaining 3% of revenues were generated from the trade catalogues & yellow page directories business segment, and were down 15% compared with last year.

HC International also released its results for the quarter ended 30th September. Revenues in the quarter were US$42 million, up 6% over the same quarter of 2013. The company posted a jump of 92% in profit attributable to equity holders during the quarter, which amounted to US$15 million.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.