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U-Ming bullish on global recovery, rise in iron ore

U-Ming bullish on global recovery, rise in iron ore By Kao Shih-ching / Staff reporter U-Ming Marine Transport Corp (裕民航運), a bulk shipper and member of Far Eastern Group (遠東集團), is upbeat about the bulk shipping business in the coming quarters on expectations of a recovery in the global economy, a rise in iron ore production and an expansion of grain exports from the US, the company said yesterday. U-Ming reported net profit of NT$345.81 million (US$12.43 million) for the first quarter of this year, or earnings per share of NT$0.41, compared with a net loss of NT$384 million in the same period of last year.

MSCI Global Standard Indexes adds Yang Ming

MSCI Global Standard Indexes adds Yang Ming STRONG SHOWING: Analysts said Yang Ming Marine Transport Corp was added thanks to its performance on the Taiwan Stock Exchange as freight rates rose Staff writer, with CNA Yang Ming Marine Transport Corp (陽明海運), one of the leading container cargo service providers in Taiwan, has been added to the MSCI Global Standard Indexes after a semi-annual review. In a statement on its Web site yesterday, the index provider said that it removed Yang Ming from the MSCI Global Small Cap Indexes, but added it to the MSCI Global Standard Indexes. Conversely, it said that it removed computer periphery supplier Chicony Electronics Co (群光電子) and property developer Highwealth Construction Co (興富發) from the MSCI Global Standard Indexes, but added them to the MSCI Global Small Cap Indexes.

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