THI Global Holdings Corp (台驊國際投資控股), a Taiwanese freight-forwarder and logistics operator, yesterday said it is seeking merger-and-acquisition opportunities and to improve its domestic logistics in China, with an aim to become a globally integrated logistics service provider.
THI Global Holdings has been developing online-to-offline business opportunities as part of a one-stop service platform to better consolidate customer sources.
Establishing a one-stop logistics platform in China — from customs declaration to storage and delivery — will further enhance the company’s competitiveness in the flourishing market, the firm said.
Logistics for international e-commerce might be an important business sector to focus on because the market is expected to see double-digit growth to US$1 trillion in the near future, THI chairman David Yen (顏益財) said.
China is a major market for the sector, Yen added.
“Through the company’s long-lasting development in China, THI will hold a niche position in the market,” Yen said at an investors’ conference.
The company is also set to merge with a regional logistics service provider in eastern China by the end of this year to boost its market share, he said.
THI Global Holdings posted net profit of NT$76.13 million (US$2.54 million), or NT$0.86 per share, in the first six months of the year, up 55.48 percent from NT$48.96 million, or NT$0.66 per share, in the same period last year, THI Global Holdings data showed.
The company said the improved profitability was because of a better product mix, as it has focused on raising its air transportation business and has seen its gross margin lift to about 18 percent.
The air transportation sector currently accounts for 27 percent of THI Global Holdings’ sales, with the company scheduled to raise the proportion to 40 percent in the long run, it said.
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