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2024-03-29T06:13:20Z
Scarlett Smith
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Holista Colltech (ASX:HCT) healthy food products may be heading to Starbucks and 7-Eleven in Malaysia
tag:www.onfeetnation.com,2021-10-13:6595159:BlogPost:23952000
2021-10-13T10:30:44.000Z
Scarlett Smith
https://www.onfeetnation.com/profile/ScarlettSmith265
<p>Highlights<br></br> Holista has entered an exclusive sales and marketing collaboration with Country Farms, a subsidiary of Malaysia-based Berjaya Group.<br></br> Berjaya owns franchises like Starbucks, 7-Eleven and Kenny Rogers Roasters in Malaysia.<br></br> The initial products covered under the term sheet include low-GI pre-mix, sugar reduction technology, plant-based meat products, and dietary supplements.<br></br>
Holista has commenced the development of a range of low-GI bakery products, including…</p>
<p>Highlights<br/> Holista has entered an exclusive sales and marketing collaboration with Country Farms, a subsidiary of Malaysia-based Berjaya Group.<br/> Berjaya owns franchises like Starbucks, 7-Eleven and Kenny Rogers Roasters in Malaysia.<br/>
The initial products covered under the term sheet include low-GI pre-mix, sugar reduction technology, plant-based meat products, and dietary supplements.<br/>
Holista has commenced the development of a range of low-GI bakery products, including ciabatta, white sandwich rolls, muffins, and croissants for Berjaya Starbucks.</p>
<p>An innovator in health and wellness solutions, Holista Colltech Limited (ASX:HCT) has announced an exclusive sales and marketing collaboration between its wholly owned subsidiary, Holista Biotech Sdn Bhd, and Country Farms Sdn Bhd.</p>
<p>Notably, the two companies have signed a non-binding collaboration term sheet for a range of Holista’s proprietary and all-natural healthy food ingredients and supplements.</p>
<p>RELATED ARTICLE: Holista Colltech (ASX:HCT) in excellent shape with fast-growing Healthy Food Ingredients segment</p>
<p>Country Farms, owned by Malaysian conglomerate Berjaya Corporation Berhad, is primarily engaged in producing, marketing, importing, and supplying organic and healthy foods to businesses and consumers.</p>
<p>ALSO READ: Meet the leadership team behind Holista Colltech’s (ASX:HCT) terrific progress</p>
<p>The term sheet is for the sales and marketing of Holista’s low glycaemic index (low-GI) pre-mix for flour products, plant-based meat products (vegetarian), sugar reduction technology and dietary supplements to the Berjaya Group.</p>
<p>GI (glycaemic index) indicates the ability of carbohydrate-containing foods to elevate blood glucose levels; hence, low-GI products are preferred as healthier choices.</p>
<p>RELATED ARTICLE: How Holista Colltech (ASX:HCT) is maximising growth drivers in the health & wellness industry</p>
<p>A snapshot of agreement with Country Farms <br/> Holista has awarded exclusive sales and marketing rights to Country Farms for markets where Berjaya or its associates operate in. However, it will be at the discretion of Country Farms and Berjaya to decide which of its franchises or outlets will offer Holista’s products.</p>
<p>Notably, Berjaya Group operates franchises of several leading international food & beverage brands in Malaysia, including 7-Eleven (2,400 outlets), Starbucks (320 outlets) and Kenny Rogers Roasters (73 outlets). Moreover, Berjaya’s network marketing arm, Cosway operates 396 outlets in Malaysia and 559 outlets globally.</p>
<p>ALSO READ: Holista Colltech (ASX:HCT) braces for a $43m a year sea of opportunities in China with Ovine Collagen</p>
<p>Holista indicated that the exclusive rights are subject to both parties reaching a formal contractual agreement.</p>
<p>While Holista’s products are commercially available at present, the ingredients will have to be customised to meet the needs of Country Farms and Berjaya. The formalisation of the agreement will be contingent upon all parties reaching a consensus on a product portfolio, which can tick off various market-related criteria.</p>
<p>Holista Colltech, sales and marketing collaboration, Country Farms</p>
<p>Source: Copyright © 2021 Kalkine Media, Data Source: HCT update, dated 12 October 2021</p>
<p>Holista advancing well to finalise the agreement<br/> Holista and Country Farms are working diligently to finalise the formal agreement, with the completion anticipated by the March quarter of 2022.</p>
<p>What’s more, Holista has kicked off work to develop a range of low-GI baked goods, including ciabatta, white sandwich rolls, and croissants for Berjaya Starbucks outlets in Malaysia.</p>
<p>ALSO READ: Holista Colltech (ASX:HCT) clocks robust sales revenue across all divisions in 1H</p>
<p>HCT shares traded at AU$0.059 on 12 October 2021.</p>
ASX plummets 1.5% on mining woes; BHP, Rio, Fortescue fall
tag:www.onfeetnation.com,2021-09-20:6595159:BlogPost:23671197
2021-09-20T11:05:45.000Z
Scarlett Smith
https://www.onfeetnation.com/profile/ScarlettSmith265
<p>Highlights<br></br> Australian benchmark index, the ASX 200, plunged 1.5% by the lunchtime.<br></br> Barring utilities, all 10 sectors were bleeding in red.<br></br> Mining stocks such as BHP, Rio Tinto and Fortescue Metals fell sharply.<br></br>
Energy firm AusNet Services surged 19% on the takeover offer.<br></br>
Regional Express shares rose on mandating COVID-19 vaccination for frontline staff.</p>
<p>Australian shares have fallen sharply by the afternoon as a plunge in commodity prices and weak global cues…</p>
<p>Highlights<br/> Australian benchmark index, the ASX 200, plunged 1.5% by the lunchtime.<br/> Barring utilities, all 10 sectors were bleeding in red.<br/>
Mining stocks such as BHP, Rio Tinto and Fortescue Metals fell sharply.<br/>
Energy firm AusNet Services surged 19% on the takeover offer.<br/>
Regional Express shares rose on mandating COVID-19 vaccination for frontline staff.</p>
<p>Australian shares have fallen sharply by the afternoon as a plunge in commodity prices and weak global cues dampened market sentiment. A slump in iron ore prices dragged blue-chip mining stocks such as BHP Group (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue (ASX:FMG). Looming fear of corporate tax hike in the United States, concerns about COVID-19 cases, and possible shifts in the Federal Reserve's timeline for bond tapering left investors jittery.</p>
<p>Benchmark index, the ASX 200, was trading 111 points or 1.50% lower at 7,292.40, by the lunchtime. The index opened sharply lower today, tracking weak cues from Wall Street, which ended lower on Friday amid tax hike fears. The S&P 500 dropped 0.91%, while the Dow Jones tumbled 0.48%. The NASDAQ Composite closed 0.91% lower.</p>
<p>Why ASX 200 plunged today?</p>
<p>Investors turned cautious ahead of a highly anticipated US Federal Reserve Bank’s meeting this week. The central bank officials will announce a monetary policy statement on Wednesday which will give more clarity as to when the central bank will start tapering US$120 billion in a monthly bond buying program. Market experts expect the scaling back of economic stimulus to begin in November or December.</p>
<p>Back home, on the sectoral front, 10 of the 11 indices were trading in the red zone. The material sector was the worst performer with a 3.3% loss, owing to a sharp fall in iron ore prices. The price of iron ore has halved to US$100.80 a tonne on Friday, from US$230 per tonne in May this year. The price slumped nearly 22% last week as the Chinese government curbed steel production to slow its steel-intensive economy.</p>
<p>The material was followed by energy and tech sectors, which dropped over 2%. Among others, financial, telecom, consumer staples and A-REIT also witnessed a surge in selling activities.</p>
<p>Bucking the trend, the utilities sector was the lone gainer, rising 2.2% in an otherwise weak broader market.</p>
<p>Shares of aviation stocks such as Qantas Airways (ASX: QAN), Regional Express (ASX: REX), Air New Zealand Ltd (ASX: AIZ), Alliance Aviation Services Ltd (ASX: AQZ) and Sydney Airport Holdings (ASX: SYD), were in focus after the injection of a further AU$184 million into the cash-strapped aviation sector. The airlines are gearing up to resume operations as borders reopen.</p>
<p>On the COVID-19 front, NSW reported 935 new local coronavirus cases and four deaths in the past 24 hours. This is the first time in the last one month when the state’s case load has fallen below 1,000. Meanwhile, Victoria reported 567 new cases and one death on Monday, while Queensland detected one case in hotel quarantine.</p>
<p>Top gainers and losers</p>
<p>The top loser on the ASX pack was iron ore explorer Champion Iron (ASX: CIA), which tumbled 8.8% by the lunchtime. Some of the other notable losers were Nickel pig iron producer Nickel Mines (ASX: NIC), lithium miner Pilbara Minerals (ASX: PLS), resource company Lynas Rare Earths (ASX: LYC) and blue-chip iron ore miner Fortescue Metals Group (ASX:FMG).</p>
<p>On the gaining side, energy player AusNet Services Limited (ASX:AST) topped the chart with a 19% gain. Some of the other top performers were alcoholic drinks retailer Endeavour Group (ASX: EDV), waste management firm Cleanaway Waste Management (ASX: CWY), consumer discretionary business G.U.D Holdings (ASX: GUD) and Australian bank Tyro Payments (ASX: TYR).</p>
<p>Shares in news</p>
<p>AusNet Services, Charter Hall, Transurban in focus today</p>
<p>Image source: © Stbernardstudio | Megapixl.com</p>
<p>First on the list is Australian energy company AusNet Services (ASX: AST). The share price of the electricity transmission network operator jumped 20% and hit a 52-week high after it received a takeover bid from Brookfield Asset Management worth AU$2.50 a share.</p>
<p>Iron ore explorer Pearl Gull Iron (ASX: PLG) is set to list on the ASX today after raising AU$4 million by issuing 20 million shares at 20 cents each in its IPO. Based in Perth, it is an exploration company targeting a premium iron ore development opportunity on Cockatoo Island, located in the northwest of Western Australia.</p>
<p>Shares of Charter Hall Long WALE REIT (ASX: CLW) and a Charter Hall Group (ASX: CHC) were trading lower on plans to acquire a stake in ALE Property Group. The CLW and a Charter Hall-managed trust on behalf of Host-Plus have agreed to acquire 50% stake in ALE Property Group, each through a consortium.</p>
<p>Shares of Transurban Group (ASX: TCL) have entered a trading halt, pending it releasing an<br/> announcement related to fundraise. The company will raise a AU$4.2 billion via equities to support the acquisition of WestConnex, one of the world’s leading road infrastructure projects.</p>
<p>Shares of Regional Express (ASX: REX) gained nearly 1% after the airline made vaccinations mandatory for the frontline staff. Rex has directed its frontline staff to get fully inoculated against COVID-19 by November 1, adding that 90% of its staff was on track to meet the deadline.</p>