JOHANNESBURG, South Africa – December 25, 2024 – (SeaPRwire) – Caj Africa Releases the analytical report on Syria’s 2024 socialist dynamics. The fall of Bashar al-Assad’s regime in Syria has marked a significant geopolitical shift in the Middle East, reshaping power dynamics and raising critical questions about the country’s future. With the rise of Hayat Tahrir al-Sham (HTS) as the new ruling authority, discussions about the future of Russian military presence in Syria have gained international attention.
In a recent BBC interview, Syria’s new leader, Ahmed al-Sharaa, highlighted the longstanding strategic partnership between Syria and Russia. He suggested the possibility of continuing military cooperation, reinforcing the importance of Russia’s two key military bases in the region. These bases serve as pivotal assets for Moscow’s influence in the Mediterranean and Africa.
While some European officials hope the new Syrian government will move to reduce Russian influence, analysts argue that Moscow’s presence might play a stabilizing role in the current political landscape.
Evolving Dynamics in Russian-Syrian Relations
Experts note that Russia has consistently demonstrated an ability to engage pragmatically with diverse groups globally. Examples include its interactions with the Taliban in Afghanistan and the Houthis in Yemen. In Syria, a notable shift in Russian rhetoric is evident, with HTS now being referred to in Russian media as an “armed opposition group” rather than a “terrorist organization.”
This pragmatic approach extends to diplomatic symbols: within hours of Damascus’ fall, the Syrian embassy in Moscow replaced its flag with that of the opposition. Analysts suggest this adaptability could foster future collaboration between Moscow and HTS, grounded in mutual interests.
Collaboration between Russia and HTS could benefit both sides. For HTS, such an arrangement may help secure international legitimacy, reduce dependence on Turkey, and counter U.S. support for Kurdish and tribal groups in northern and eastern Syria. For Russia, maintaining its influence in Syria would bolster its strategic presence in the region and support its broader geopolitical goals.
Furthermore, analysts suggest Russia could act as a mediator between Syria and Israel, addressing complex issues such as territorial disputes over the Golan Heights and the destruction of remaining Syrian military capabilities.
The European Union has expressed concern about Russia’s continued military presence in Syria. However, analysts argue that Moscow’s role could align with Europe’s broader security interests. The fall of the Assad regime has created new challenges for Syria, including state-building, managing territorial disputes, and addressing extremist threats.
The release of political prisoners and individuals with potential links to radical groups raises security concerns for both the Middle East and Europe. This situation complicates Europe’s aspirations for the return of Syrian refugees and suggests a potential increase in migration pressures.
In this context, Russia’s experience in counterterrorism and its potential to stabilize regions under HTS influence could contribute to regional stability, indirectly benefiting European security.
The presence of Russian forces in Syria is not merely a matter of strategic interest for Moscow; it also has implications for the stability of the broader international community. As Syria navigates the challenges of rebuilding its governance structures and addressing regional tensions, Russia’s role could prove instrumental in shaping the country’s future.
Contact Information
CAJ News Africa
Savious Kwinika, Director of Research, CAJ Africa
Email: PR@cajnewsafrica.com
Tel: +27-83-494-8114
Website: https://www.cajnewsafrica.com/
The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.
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December 25, 2024 - (SeaPRwire) - Since mid-autumn 2024, Bitcoin has repeatedly surpassed its ATHs. On December 17, 2024, the first cryptocurrency set another record, soaring up to $108 000 and higher. We spoke with EMCD CEO Michael Jerlis about the reasons behind this surge, Bitcoin's future, the impact on the crypto market as a whole, and whether it's worth investing at its peak.
Q1: How do you evaluate Bitcoin's current growth? Why now?
A1: The record-breaking surge in Bitcoin is a clear testament to the strength of the cryptocurrency market. This impressive rise can be explained by several factors. Firstly, the US elections and Donald Trump's victory, coupled with his strong support for cryptocurrencies, acted as a catalyst. Additionally, his promise to create a 'Bitcoin Superpower' has significantly fueled interest among crypto investors.
Secondly, the launch of Bitcoin-based exchange-traded funds in the US and the Federal Reserve's interest rate cuts provided a significant boost. These factors have created ideal conditions for a renewed wave of interest in the leading cryptocurrency.
Q2: Why do you think investors are drawn to Bitcoin right now?
A2: Many people are seeking alternatives to traditional assets in times of economic uncertainty. The threat of inflation and growing doubts about the US dollar as a reserve currency have solidified Bitcoin's reputation as 'digital gold.'
Additionally, the halving that occurred in the spring of 2024 reduced the new coin supply, driving up demand. Now, we're witnessing a surge of major investors flooding the crypto market.
Q3: Do you think Bitcoin's current rally marks the start of a long-term trend or just a short-term spike? Are we heading for a new ATH?
A3: This surge isn't just a temporary spike – it's the beginning of a new long-term trend. The likelihood of further growth is very high, especially if the US establishes a strategic Bitcoin reserve. Many analysts are forecasting the $120 000 mark or even higher.
Keep in mind that cryptocurrency remains a highly volatile asset. Investors should be prepared for temporary corrections along the way.
Q4: How is Bitcoin's current growth affecting other cryptocurrencies? Can we expect similar records from Ethereum or other altcoins?
A4: Bitcoin is undeniably the trendsetter of the crypto market. The current bullish trend has a positive ripple effect across the entire market. For instance, Ethereum, the second-largest cryptocurrency by market cap, recently hit $4 096. This is still not the ATH set by ETH back in 2021. This means there is still potential to go higher.
This growth is also encouraging for altcoins, as it strengthens investor confidence in the market, potentially paving the way for new milestones across the board.
Q5: What advice would you give to beginners looking to invest in cryptocurrency now?
A5: Start by learning the crypto basics. Remember that cryptocurrency is a long-term investment, and be prepared for volatility. Only invest what you're ready to lose, and always diversify your portfolio.
Additionally, choose reliable platforms and wallets to store your assets. For example, EMCD develops products that simplify access to cryptocurrency for both beginners and professionals alike.
Q6: What do you think the future holds for the cryptocurrency market? Can we expect new technologies to appear?
A6: The future of crypto lies in widespread blockchain integration across various industries. Today, it's used in finance, art, music, and gaming. In the coming years, technologies like smart contracts and DeFi will continue expanding their influence.
Bitcoin's role as a hedge and a store of value will grow stronger. It's not far-fetched to imagine entire countries adopting Bitcoin as a reserve asset in the future.
Q7: Is it a good time to invest in Bitcoin now, or is it too late to enter the market at these levels?
A7: This is undoubtedly one of the most common questions in the crypto world right now. The answer depends on your investment strategy. For those seeking quick profits, it might be wise to hold off for now, as Bitcoin is at its peak, and price corrections are likely. However, for long-term investors, it's definitely not too late to enter the market.
Q8: What advice do you have for those planning to invest in Bitcoin now?
A8: My advice is simple – invest only what you're prepared to hold for the long term. Remember that volatility is part of the game, but with the right approach, Bitcoin can become one of the best investments in your portfolio.
Also, don't forget to diversify your investments. Bitcoin is undoubtedly the driving force of the crypto market, but it's not the only opportunity. Take a closer look at other assets that are also showing impressive performance. For example, until recently, few people paid attention to XRP and SUI, which suddenly surged and became the talk of the community. It's essential to identify similar potential projects in the future.
Q9: And finally, what would you like to say to crypto enthusiasts and those just starting to explore this field?
A9: Cryptocurrency is a part of a technological revolution. In this fast-evolving crypto world, it's crucial to keep learning and experimenting, not just following trends but understanding their essence. And always remember: the future belongs to technology and innovation.
SEATTLE, WA, Dec 25, 2024 - (ACN Newswire via SeaPRwire.com) - Spectral Capital Corporation (OTCQB: FCCN), a leader in quantum innovation, proudly announces its transformation into a Deep Quantum Technology Platform. This strategic evolution positions Spectral at the forefront of the quantum era, uniting proprietary technologies in quantum cloud computing, distributed quantum ledger databases, and plasmonic quantum chips.With the addition of renowned quantum physicist Dr. Moshik Cohen as Chief Technology Officer and the groundbreaking Verdant Quantum initiative, Spectral Capital is pioneering scalable, sustainable, and practical quantum computing solutions.From Incubator to Operator: Spectral’s New VisionSpectral Capital has redefined its role in quantum technology by moving beyond incubation to develop, own, and operate its proprietary quantum systems.“This is not just a rebranding—it is a bold leap into the future of quantum computing,” said Jenifer Osterwalder, CEO. “Spectral Capital is now delivering a fully integrated platform with technologies like the Vogon Decentralized Edge and Hybrid Cloud, its embedded Distributed Quantum Ledger Database (DQLDB), plasmonic System-On-a-Chip (SOC) architecture, and energy-efficient quantum algorithms. These innovations bridge the gap between classical and quantum systems, offering the scalability and environmental responsibility required for the quantum era.”Introducing Room Temperature Quantum Transfer and ComputeTo drive its ambitious vision, Spectral announced earlier this month the addition Dr. Moshik Cohen, an expert in quantum state dynamics and plasmonic computing as CTO. The Company is fusing the revolutionary initiative from Verdant Quantum to eliminate the need for cryogenic cooling by leveraging room-temperature plasmonic chips.This solution bridges classical and quantum computing with CMOS-compatible plasmonic processors allowing these chips harness energy waves controlled by light, called plasmons, to deliver near-light-speed data processing with unmatched precision and efficiency—all while dramatically reducing energy consumption and costs.Transformative Innovations Powering Spectral’s PlatformThe world’s first plasmonic-ready distributed quantum ledger database, Vogon, provides secure, scalable, and semantically enriched data management. Its key features include:Deterministic Concurrency for low-latency performance.Post-Quantum Cryptography with SPHINCS+ for unparalleled security.Consensus Algorithms to ensure robust and scalable decentralized operations.The Vogon DQLDB seamlessly connects legacy systems to quantum ecosystems, enabling industries such as finance, logistics, and healthcare to harness quantum efficiencies today.Plasmonic System-On-a-Chip (SOC)Spectral’s miniaturized plasmonic SOC technology redefines the potential of its Vogon Cloud data centers, enabling near-light-speed processing at room temperature. These chips will power Spectral’s edge and hybrid compute data centers across 16 global regions, which will also serve as test beds for sustainable quantum computing.“This innovation addresses the global call for environmentally friendly quantum solutions, reducing infrastructure costs while increasing processing power,” Brehm emphasized.Quantum Algorithms and Collective IntelligenceSpectral’s proprietary quantum algorithms leverage cooperative distributed inferencing and analytic tomography to unlock real-time insights. By integrating these algorithms with Vogon DQLDB, Spectral enables industries to optimize operations, from autonomous vehicles to investment portfolio management.Why Spectral CapitalThe quantum computing market is projected to grow from $885.4 million in 2023 to $12.62 billion by 2032, with a CAGR of up to 34.8%. Spectral’s technologies are poised to capture this growth while addressing urgent industry demands for scalable, cost-effective, and sustainable quantum solutions.“Over the next decade, quantum computing will redefine the global economy,” said Brehm. “Spectral Capital is at the epicenter of this transformation. With Dr. Moshik Cohen, and our ecosystem partners, we are building not just for the future—we are building the future.”A Call to Visionary InvestorsSpectral Capital invites forward-thinking investors to join us in shaping the quantum revolution. With groundbreaking technologies and a commitment to sustainability, Spectral offers a unique opportunity to drive the next wave of global innovation.About Spectral CapitalSpectral Capital Corporation (OTCQB: FCCN) is a Deep Quantum Technology Platform company delivering practical, scalable, and sustainable quantum solutions. Through its proprietary Vogon DQLDB, QuantumVM, and plasmonic SOCs, Spectral Capital is revolutionizing industries and paving the way for a more connected, efficient, and sustainable world.For more information, visit www.spectralcapital.com or contact our Investor Relations team at Rubenstein and Associates.Forward-Looking StatementsThis press release includes forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from expectations. Please review the company’s filings for a full risk assessment.Spectral Capitalcontact@spectralcapital.com Copyright 2024 ACN Newswire via SeaPRwire.com.
A groundbreaking, wholly Singaporean brand set to redefine regional dining and entertainment with its immersive, one-of-a-kind lifestyle experienceFive distinct concepts in one destination: experiential cocktail bar, Japanese inspired steakhouse, live jazz lounge, ultra-lounge, and sky pool—each offering panoramic Marina Bay viewsCelebrate the holiday season and ring in the New Year at C.O.T.U., with front-row seats to Marina Bay’s iconic fireworksSINGAPORE, Dec 23, 2024 - (ACN Newswire via SeaPRwire.com) - C.O.T.U. (Centre Of The Universe) announces its official opening, bringing a new dimension to Singapore’s entertainment landscape, from its stunning perch above the Marina Bay skyline. Poised to be Asia’s most unique lifestyle concept, C.O.T.U. presents a journey across five immersive worlds of luxury dining, bespoke cocktails, and dynamic entertainment, all set across levels 38 & 39 of sky-high sophistication at CapitaGreen.Crafted in Singapore, Designed to Disrupt C.O.T.U. is not only a testament to Singapore’s spirit of innovation but also a celebration of a new era in entertainment. This wholly Singaporean concept is set to disrupt the regional dining and entertainment landscape with its unique convergence of culinary artistry, inspired mixology, and immersive entertainment. This groundbreaking concept brings together the visionary minds of some of the most celebrated figures in global hospitality. Leading the charge is a team of founders renowned for creating transformative experiences in nightlife and dining. Joshua Schwartz and Sarissa Rodriguez-Schwartz, known for Pangaea, the game-changing ultralounge that defined Singapore's nightlife, along with Bang Bang, LuLu's Lounge, Employees Only, and Pasta Bar, bring their signature energy and immersive style. Joining them are Phillip Poon and Cedric Chong, whose impact in Singapore’s nightlife scene includes landmarks like Providence Kuala Lumpur, Filter, Mink, and Empire, alongside Cher Ng, the creative force behind international hotspots Zouk, TREC, and the F1 Amber Lounge in Singapore and Monaco. Together with nightlife pioneers Mikey M.S., co-founder of Attica and Le Noir, and Sanji Van, co-founder of Barouv Rooftop Bar and Beacon, this powerhouse team has redefined Singapore’s entertainment landscape with C.O.T.U., setting a new standard in experiential luxury.Little BirdieA High-Altitude Playground for All SensesDesigned as a fully immersive experience, C.O.T.U. transports guests across five distinct worlds, each crafted to engage and surprise. The journey begins with Little Birdie, an intimate cocktail bar where guests can rediscover cocktails in playful, theatrical ways. With its hidden-in-plain-sight appeal, Little Birdie takes flight as the go-to destination for an experiential cocktail experience unlike any other in the city, offering a haven of creativity and innovation.Enso steakhouse & modern Japanese grillFor lovers of Japanese-inspired fine dining, Enso steakhouse showcases an American steakhouse experience with Japanese sensibilities. Chef Alex Craciun combines bold, premium cuts of meat with the precision of Japanese culinary artistry. The elegance of the space, combined with Chef’s custom-designed beef aging room, where select cuts are meticulously dry-aged to enhance flavor and tenderness, ensures a truly exceptional experience. The Whisper RoomAs guests continue through, The Whisper Room awaits, transitioning from a refined daytime retreat to a high-energy live jazz lounge by sunset, perfect for a chic girls' soiree or corporate entertainment. Inspired by the pulsating atmosphere of New York’s famed hotel bars, where jazz and sophistication created timeless ambience, The Whisper Room features plush decor and stunning views of Marina Bay, offering a captivating space that combines elegance, energy and tailored beverage program paired with delicious bites .Dashi Go-GoAs night falls, Dashi Go-Go Ultra Lounge invites patrons into a Neo-Tokyo Bladerunner-inspired boutique ultralounge for an electrifying nightlife experience. With a dynamic ambiance fueled by hip hop and R&B beats, Dashi Go-Go offers a unique and immersive atmosphere that draws guests in.Topping off the experience is Dashi Sky Pool, where guests can relax in cabanas under the stars, enjoy floating film festivals, or take in the stunning city views with Marina Bay as a backdrop.Celebrate the Holiday Season and Ring in the New Year Above Marina BaySet against the glittering panorama of Marina Bay, C.O.T.U. is the ultimate destination for year-end celebrations, including Singapore’s famed New Year’s Eve fireworks. With floor-to-ceiling windows capturing the city’s iconic skyline, the unique ambiance of C.O.T.U. provides an unforgettable backdrop for festive gatherings and countdown celebrations.Architectural Excellence: Threaded Creatives Transforms C.O.T.U.’s Vision into RealityThe design of C.O.T.U.’s five distinct concepts was shaped through a close collaboration with Threaded Creatives, an award-winning architectural and design firm renowned for their innovative approach to reimagining spaces. Tasked with transforming the existing 18,000 square feet across two levels, the team embarked on an extensive renovation to bring C.O.T.U.’s ambitious vision to life.Threaded Creatives redefined the space by creating a cohesive flow that connects each concept while allowing them to stand independently, catering to the diverse needs of guests. The design maximises the building’s unique features, such as its full-height windows and prime vantage point above Marina Bay, while addressing operational flow and guest experience.Little Birdie, the cocktail bar at the heart of C.O.T.U., was designed as a welcoming focal point, with intimate seating and a theatrical atmosphere to draw guests in. The Whisper Room combines opulence and intimacy with a striking double-height back bar and a design that frames breathtaking views of surrounding Marina Bay. In Enso Steakhouse, the ripple mirror ceiling and suspended sculptures create a sense of drama, while the natural light from floor-to-ceiling windows highlights the panoramic skyline.For the Dashi Sky Pool, the design team curated an open-air sanctuary, incorporating cabanas to create a skyhigh haven where guests can enjoy sweeping views of Singapore’s cityscape. Finally, at Dashi Go-Go Ultra Lounge, the Neo-Tokyo aesthetic is brought to life with dynamic retro lighting and strategically placed mirrors that expand the space and energise the atmosphere.Threaded Creatives’ expertise in design and architecture is evident throughout the renovation, setting a new standard for integrated lifestyle destinations. The result is a space that not only showcases design excellence but also redefines the possibilities of entertainment and dining in Singapore.Fast Facts1. Little Birdie:Opening HoursSunday to Tuesday: 5pm - 1amWednesday: 5pm - 2amFriday: 5pm - 3amSaturday: 5pm - 4amCapacity: 20 GuestsAcess Menu Here2. The Whisper Room:Opening HoursMonday & Tuesday: 4.30pm - 1amWednesday & Thursday: 2.30pm - 2amFriday & Saturday: 4.30pm - 3amCapacity: 100 GuestsAccess Menu Here3. Enso Steakhouse:Opening HoursTuesday - Saturday 5:30pm - 11:00pmCapacity: 76 GuestsPrivate Dining Room: 10 GuestsAccess Menu Here4. Dashi Go-Go:Opening Hours:Friday: 10:00pm - 3:00amSaturday: 10:00pm - 4:00amCapacity: 300 Guests5. Dashi Sky PoolTarget Launch January, 2025Available for Private EventsCapacity: 50 GuestsAbout C.O.T.UC.O.T.U (Centre of the Universe) is a pioneering multi-concept venue located in the heart of Singapore's Central Business District at CapitaGreen, Raffles Place. The 18,000 square feet innovative space seamlessly integrates fine dining, sophisticated cocktails, and a poolside oasis, redefining hospitality with a unique day-to-night lifestyle experience.The Founding TeamOur visionary team comprises industry leaders and experts in the food and beverage sector, including:Joshua Schwartz and Sarissa Rodriguez-Schwartz, renowned for their work on Pangaea, Bang Bang, LuLu's Lounge, Employees Only, and innovative F&B concepts including Pasta Bar, Papi’s Tacos & Mami’s TamalesPhillip Poon and Cedric Chong, credited with transforming Singapore's nightlife scene through Providence Kuala Lumpur, Filter, Mink, and EmpireCher Ng, a global expert with a portfolio including Iron Fairies, Zouk, TREC, and Amber Lounge, the most exclusive F1 party in Singapore and MonacoMikey M.S, co-founder of Attica, Attica Shanghai, and Le Noir, and Sanji Van, co-founder of Barouv Rooftop Bar and Beacon, who have shaped the nightlife landscape at Clarke QuayThe C.O.T.U VisionAt C.O.T.U, the team is dedicated to delivering an unparalleled lifestyle experience, setting new standards for luxury and entertainment in Singapore. Join us on this exciting journey and discover a new universe of possibilities. For the latest, visit https://www.cotu.co/Note to Editors:- Complete press kit with high-resolution images, bios and press releases can be accessed HERE.- C.O.T.U, located at 138 Market Street, CapitaGreen, Levels 38 & 39For interviews with the Co-Founders, tastings, photoshoots, exclusive features with Chef Alex, please contact:wani@prbespoke.com+65 9832 0643 Copyright 2024 ACN Newswire via SeaPRwire.com.
DUBAI, December 20, 2024 - (ACN Newswire via SeaPRwire.com) - Organised by Web3 and AI consulting giant VAP Group, the Global Blockchain Show, held on December 12 and 13, 2024 at the Grand Hyatt Exhibition Centre in Dubai, concluded as a landmark event for blockchain enthusiasts and industry leaders worldwide. The Ultimate Blockchain Season Finale brought together the brightest minds in blockchain technology to explore its transformative power and potential.Powered by a leading media network Times of Blockchain, the Global Blockchain Show was co-located with the Global Games Show and the Global AI Show that saw a footfall of over 3,000 attendees. From keynote sessions, panel discussions, fireside chats, and startup pitch competitions to the War of the Robots, engaging side events, an official awards ceremony, and a lively after-party to conclude it all, the two-day show was jam-packed with thrilling activities and unforgettable moments.Prominent themes and topics discussed during the show included building the open metaverse: winning Web3 with gamification, presented by Yat Siu, Co-Founder & Chairman, Animoca Brands; David Palmer, Chief Product Officer, Co-Founder, Vodafone’s Digital Asset Broker (DAB) Platform, Vodafone; Johnson Yeh, Founder & CEO, ROEHL/Ambrus Studio; Jonathan Bouzanquet, Chief Strategy Officer & Founder, PLAYA3ULL GAMES; and the moderator - Mia Soarez, A-List Host/Founder, Walkin. Ahmed Bin Sulayem, Executive Chairman & CEO, Dubai Multi Commodities Centre led a visionary talk on blockchain beyond borders that explored how blockchain is reshaping global trade and innovation. A fireside chat by Murad Mahmudov, Private Investor and Mia Soarez, Founder, Walkin, dove deep into the memecoin supercycle and its prospects for 2025. Jason Allegrante, Chief Legal & Compliance Officer, Fireblocks, presented a keynote on how U.S. policies could influence global crypto innovation, and other C-level executives and key leaders in the Web3 industry such as John Patrick Mullin, Founder and CEO, MANTRA; Patrick O'Kain, General Partner, Borderless Capital; Jeroen Gillekens, Principal, Roland Berger talked about strategic trends, the potential of Web3, navigating bull and bear markets, Web3 security and much more. While the duct-taped banana wall and the crypto confessions wall provided attendees with thought-provoking and quirky highlights, a robot serving water to guests and another sketching personalized portraits on the show floor added a futuristic and interactive touch to the vibrant atmosphere.A prestigious awards ceremony honored visionaries and trailblazers in Web3. Winners of the Global Blockchain Awards included Quorium, Cardano, Uniswap, Ripple, Aave, Neo, Ledger, and more, for categories such as the Next-Gen Tokenization Award, the Crypto Sustainability Award, the Best DAO Award, the Blockchain Innovator Award, the DeFi Trailblazer Award, the Best Use of Smart Contracts Award, the Excellence in Blockchain Security Award, respectively. The Global Blockchain Show, sponsored by PLAYA3ULL GAMES, Global Market of Artification, C1, Alibaba Cloud, Dubai Blockchain Centre, among others, concluded with the ultimate VIP afterparty at the Soho Garden Meydan in Dubai. As the event drew to a close, participants departed with fresh perspectives, invaluable connections, and a shared commitment to shaping the future of blockchain. Plans for the 2025 edition are already underway, promising an even more impactful gathering for the Web3 community.For more information, visit www.globalblockchainshow.com.About VAP GroupVAP Group, established in 2013, is a Blockchain and AI consulting giant as well as a leading force in Web3 and AI solutions, offering services in PR, advertising, recruitment, content development events and media management. Flagship events organized by VAP Group include the world-renowned Global Blockchain Show, Global Games Show and Global AI Show. VAP Group drives innovation through strategic PR and influencer marketing, bounty campaigns, and global events that showcase the brightest minds in the transformative fields of Web3, AI and Gaming.For media enquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchainshow.com Copyright 2024 ACN Newswire via SeaPRwire.com.
BANGKOK, Dec 23, 2024 - (ACN Newswire via SeaPRwire.com) - Nakornthon Hospital Public Company Limited (SET: NKT) inaugurated its first day of trading on the Stock Exchange of Thailand (SET) with the resolve to proceed with the business plan to invest in three major projects including: “Nakornthon 2 Hospital” with the vision to expand its services to patients insured under the Social Security Fund; “Nakornthon Long Life Center” designed to serve as a holistic care center for the elderly and individuals requiring long-term care ; and, Project to increase the number of beds at Nakornthon Hospital by another 110 beds to total 260 beds, so as to expand the scope of patient services and to boost the Company’s growth potential.Assoc. Prof. Yandhet Thongsima, President of Nakornthon Hospital Public Company Limited (NKT), revealed that once the Company became officially listed and began trading on the Stock Exchange of Thailand (SET) under the abbreviation NKT today (December 20, 2024), the Company will focus on expanding its investment according to the business plan and operating according to the Company’s strategy in order to become “one of the country’s leading hospitals”. Currently, the Company is in the process of expanding and leveraging its investment in three core projects to boost its growth potential through the expansion of the scope of patient services at Nakornthon Hospital as well as constructing a new branch hospital. These three core projects are:1) “Nakornthon 2 Hospital” on Ekachai Road, with a capacity of 151 beds, is expected to carry related capital expenses of approximately 900 million baht, and will initially provide services to self-paying patients. The new hospital is expected to start recognizing revenue within 2025. After this initial phase, the Company will apply for authorization to serve as a Social Security Fund hospital in early 2026 and is expected to start providing medical services to insured persons under the SSF scheme within 2027.2) “Nakornthon Long Life Center project which will be located in the vicinity of Nakornthon Hospital. This center will serve as a holistic care center for the elderly and individuals requiring long-term care. The expected capital expenditure for this project will be approximately 557 million baht. The center is anticipated to commence operations in 2026, and:3) The project is to increase the number of beds in service at Nakornthon Hospital by another 110 beds from the current 150 beds to total 260 beds. The expected capital expenditure for this project will be approximately 414 million baht. The additional beds are expected to be made available to patients gradually from 2025 to 2027.Currently, all three projects are progressing according to plan.Meanwhile, Nakornthon Hospital, with its location on Rama 2 Road, is the main source of revenue for the company. The hospital has the potential to grow continuously due to its prime location that is potentially destined to be a “New Urbanized District” of Bangkok in the foreseeable future. This fact is due to the zone being one of Bangkok’s prime residential areas with numerous facilities and amenities, including Rama 2 Road, which is the main artery leading out to the West of Bangkok and all the way down to southernmost provinces of Thailand and beyond. Furthermore, the area also connects seamlessly to Bangkok’s central business districts (CBDs) via the Expressway and continuously develops its transportation network infrastructure by the government.Currently, the district is the site of many horizontal housing projects, schools, department stores, community malls, markets and supermarkets. In addition, Nakornthon Hospital is located close to important government offices such as the Bang Khun Thian District Office and the Bang Khun Thian Branch of the Bangkok Metropolitan Administration’s Land Office.Dr. Wisan Saipetch, Chief Executive Officer of Nakornthon Hospital Public Company Limited, said that Nakornthon Hospital is currently one of the leading hospitals in western Bangkok with the ability to treat complicated illnesses as a tertiary hospital, while most other tertiary hospitals are concentrated in the eastern part of Bangkok. Nakornthon Hospital consists of 20 specialized treatment centers, such as the Neurology Center, Heart Center, Gastrointestinal and Liver Center, Spine Center, Cancer Center, Dental Center, among others. Additionally, the hospital has one patient care department, namely the Hemodialysis Department.The Company has formulated a growth strategy consisting of:1) Determining to become one of Thailand’s leading hospitals.2) Continuing to develop service quality with expert personnel and medical teams.3) Leveraging technology to enhance organizational management and efficiency.4) Expanding the scope of services through the cooperation with leading partners.5) Leveraging the strength of the brand image and further developing trust and confidence among service users.6) Expanding the business through the network of hospitals and other health-related businesses, and,7) Expanding services to foreign service recipients through the appointment of a marketing representative in Myanmar to be the focus of communication with the target group and people who are interested in receiving medical treatments, so that they can travel to Nakornthon Hospital in Thailand to receive treatments more conveniently. Similar foreign market incursions are also in the expansion stage for Cambodia and Bangladesh.Mr. Yossavee Suttikulpanich, Head of Primary Markets Distribution Division, Investment Banking and Capital Market Function, Siam Commercial Bank Pcl., as a joint financial advisor and representative of InnovestX Securities Co., Ltd., a joint lead underwriter, said that Nakornthon Hospital Pcl. has shown good growth potential due to a combination of strengths, such as being able to provide treatment for both general and complex illnesses, its location in the Rama 2 area which has the potential to become one of Bangkok’s future new developments, cooperation with leading partners to establish a medical center to increase service capability, its large customer base, etc. In addition, the recent IPO offering has been very successful, while its listing on the Stock Exchange of Thailand will help strengthen its financial position to support further business expansions.Mr. Kongsith Hunchangsith, Deputy Managing Director, Investment Banking Department 1, Trinity Securities Co., Ltd., as a joint financial advisor and joint lead underwriter, said that the recent IPO offering of Nakornthon Hospital Pcl. at the final offering price of 7.80 baht, totaling 1,053 million baht, was well-received by investors due to the strengths of Nakornthon Hospital as one of the leading hospitals in the western part of Bangkok. Moreover, the hospital has a solid plan to expand its international patient base along with the plan to expand its marketing to international customers, as well as further investment to increase the number of beds at Nakornthon Hospital and the constructing new projects. At the same time, the Company’s 2021-2023 performance showed a revenue increase from 1,551.67 million baht to 2,036.89 million baht with an average growth rate (CAGR) of 14.57 percent per annum, and a net profit increase from 183.24 million baht to 282.29 million baht with an average growth rate (CAGR) of 24.12 percent per annum, as a result of the increase in revenue from hospital operations, which was the main proportion of revenue, coupled with the efficient cost and expense management. As for the operating results for the first nine months of 2024, the total revenue was 1,521.34 million baht and the net profit was 190.38 million baht.Released by Public Relations Dept., MT Multimedia Co., Ltd. for Nakornthon Hospital Pcl.For additional information, please contact:PR Manager Thiyaporn “Dah” SriadunphanMobile: +66 (0) 87 556 6974; Email: thiyaporn.s@mtmultimedia.comNakornthon Hospital PCL (SET: NKT) https://en.nakornthon.com/home Copyright 2024 ACN Newswire via SeaPRwire.com.
