News related to
Expo

Global investment in oil projects is set to fall for a third consecutive year as the Middle East conflict forces governments and companies to redirect capital towards gas, alternative supply routes and cleaner energy systems. The International Energy Agency’s latest investment assessment points to a sharp reordering of global energy priorities, with upstream oil spending weakening even as overall energy security concerns intensify. The shift reflects both […]

Italy has placed Rome, Florence, Bologna and Turin under its highest heat warning as an early-season heatwave pushes temperatures well above normal and raises health risks for residents, workers and visitors. The Ministry of Health’s Level 3 red alert applies on Thursday, signalling conditions that can affect not only vulnerable people but also healthy and active adults. The alert marks the first peak of the 2026 heat […]

Google Cloud has moved deeper into AI-native cybersecurity with Google AI Threat Defence, an autonomous security platform aimed at helping enterprises detect, prioritise and remediate attacks at machine speed as rivals Anthropic and OpenAI push frontier models into vulnerability discovery and code defence. The launch marks a sharper contest in enterprise security, where artificial intelligence is shifting the centre of gravity from manual patching and alert handling […]

InMotion Hosting said it contained a critical cPanel and WHM authentication-bypass flaw that threatened one of the web-hosting industry’s most widely used management platforms, after blocking exposure across its network and patching affected systems. The vulnerability, tracked as CVE-2026-41940, created a high-impact route for unauthenticated attackers to gain access to cPanel and WebHost Manager interfaces. The issue drew urgent attention because cPanel is used by hosting providers, […]

Arabian Post Staff -Dubai Deloitte has expanded its alliance with Netskope to deliver managed Secure Access Service Edge services across Europe, the Middle East and Africa, targeting large enterprises reshaping networks for cloud workloads, hybrid work and AI adoption. The offering brings together Deloitte’s cyber operations, advisory and managed security capabilities with Netskope’s cloud security platform, giving clients a single service model for network transformation, access control, […]

Cybersecurity researchers have warned that BTMOB, an Android remote access trojan, has developed into a potent tool for criminals seeking to hijack smartphones, steal data and run fraud from compromised devices. The malware, first identified in early 2025, has moved beyond the narrower behaviour associated with many banking trojans. It can capture screens, record activity, manage files, intercept credentials, control device functions and give an attacker near-live […]

UAE residents can expect generally fair skies on Thursday as temperatures climb across much of the country, with low clouds forming over the eastern coast during the morning and humidity returning overnight into Friday. The National Centre of Meteorology’s outlook points to a stable early-summer pattern, shaped by weak surface pressure systems and an upper-air high-pressure extension. The combination is expected to keep conditions largely dry and […]

Advertisements

A newly disclosed flaw in Starlette has put Python-based AI services under pressure to patch systems that may expose protected endpoints through manipulated HTTP Host headers. The vulnerability, tracked as CVE-2026-48710 and dubbed BadHost, affects Starlette versions up to 1.0.0 and has drawn attention because of Starlette’s role in modern application stacks built around FastAPI, API gateways, model-serving tools and agent frameworks. Starlette 1.0.1 contains the fix, […]

Shiba Inu traded in a narrow range on Tuesday as large holders pulled close to half a trillion SHIB tokens from exchanges, adding a fresh supply-side signal to a market still struggling to recover from last week’s sell-off. The meme token, the second largest in its category after Dogecoin, remained under pressure after losing ground over the past seven days. Its price action has been largely flat […]

Cybersecurity teams across India face a compressed response window after CERT-In urged organisations to fix actively exploited internet-facing vulnerabilities within 12 hours wherever feasible, marking a sharper regulatory push as artificial intelligence accelerates cyber-attack cycles.

The guidance, issued on May 25 in a 38-page blueprint, reflects growing official concern that attackers are using generative AI, large language models and autonomous tools to discover exposed systems, weaponise flaws, craft phishing lures and scale malware operations faster than conventional security programmes can respond. The document places rapid remediation, continuous monitoring and exposure reduction at the centre of enterprise cyber defence.

CERT-In’s most stringent timeline applies to known exploited vulnerabilities affecting internet-facing and critical systems, including applications, identity platforms, cloud assets, APIs, operational technology and systems supporting essential business functions. Organisations are advised to patch, mitigate or isolate such weaknesses within 12 hours where feasible. Critical externally exposed vulnerabilities should be addressed within one day, while known exploited flaws inside internal systems should be fixed within one day unless compensating controls are implemented and documented.

The blueprint also recommends that critical internal vulnerabilities affecting high-value systems be remediated within three days, and high-severity vulnerabilities within five days based on risk prioritisation. Where patches are unavailable, organisations are expected to use temporary protections such as isolation, access restrictions, web application firewalls, API shields, feature disabling and enhanced monitoring until permanent fixes are deployed.

The directive signals a shift from audit-driven cybersecurity to continuous exposure management. CERT-In has warned that organisations can no longer depend on periodic assessments or reactive incident response when automated tools can identify weak credentials, misconfigured systems, insecure APIs and vulnerable internet-facing services at machine speed. The approach requires security teams to maintain live inventories of assets, prioritise exposed systems and test whether controls work under attack conditions.

AI is changing both sides of the cyber equation. Attackers can use it to automate reconnaissance, write exploit code, refine phishing messages, generate synthetic identities and adapt malicious software. Defenders are being pushed to use similar capabilities for anomaly detection, threat hunting, automated triage and faster containment. The risk, however, is that poorly governed AI systems can themselves become attack surfaces through prompt injection, data leakage, model manipulation, poisoned training data, model theft and compromised orchestration pipelines.

The guidance gives particular weight to organisations operating in banking, financial services, telecom, healthcare, government, energy, transport, cloud services and other critical infrastructure-linked sectors. These environments often rely on interconnected digital systems, third-party software, outsourced technology providers and legacy platforms, creating wider exposure when a single flaw is weaponised quickly.

Global breach data has reinforced the urgency behind faster patching. Software vulnerability exploitation has overtaken stolen credentials as a leading breach entry point in major datasets, while ransomware remains a high-impact threat. Security teams also face growing pressure from supply-chain compromise, shadow AI usage, cloud misconfiguration and business email compromise. Unauthorised use of public AI tools has become a data governance issue as employees may upload source code, business documents, credentials or customer information into platforms outside corporate oversight.

CERT-In’s blueprint calls for a zero-trust approach, least-privilege access, layered controls and secure-by-design practices across applications, infrastructure and AI workflows. It urges organisations to maintain visibility into AI deployments, restrict sensitive data uploads to public AI platforms, log AI activity, conduct adversarial testing and keep human approval for critical autonomous actions.

Software supply-chain visibility is another major focus. Organisations are encouraged to use software bills of materials and related inventories for AI models, cryptographic assets and hardware components to understand dependencies, validate provenance and coordinate remediation when vulnerabilities emerge in third-party products.

The new expectations build on India’s existing cyber incident reporting framework, under which specified cyber incidents must be reported to CERT-In within six hours. The latest blueprint does not merely extend compliance obligations; it raises operational expectations for boards, chief information security officers and technology vendors by linking resilience to the speed of response.

Smaller organisations may struggle with the 12-hour benchmark because patch testing, downtime concerns, legacy dependencies and staffing shortages often slow remediation. The guidance therefore recognises feasible mitigation as part of the response, but it also makes clear that unmanaged exposure is no longer acceptable when attackers can exploit public-facing weaknesses within hours.

Cisco researchers have warned that leading open-weight large language models can be manipulated through sustained conversations that gradually push them past safety controls, exposing a weakness in systems now being adopted across business, public services and consumer applications. The assessment tested eight widely used open-weight models from Alibaba, DeepSeek, Google, Meta, Microsoft, Mistral, OpenAI and Zhipu AI. The models were examined through automated adversarial testing designed to […]

Hackers are exploiting shared content delivery network infrastructure to hide malicious traffic behind trusted domains, exposing a weakness in DNS-based security controls used by enterprises to block command-and-control activity, data theft and unauthorised tunnelling. The technique, named Underminr by ADAMnetworks, takes advantage of the way large CDNs host many unrelated websites on the same edge IP addresses. A compromised device can make a legitimate DNS lookup for […]

Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share

Results Highlights:

  • Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
  • Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
  • Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
  • Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
  • Proposed final dividend of HK$1.15 cents per share

HONG KONG SAR – Media OutReach – 27 May 2026 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) announced its annual results and its financial position. For the year ended 28 February 2026 (“FY2026“), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 (“FY2025“). During the year, net interest margin expanded to approximately 17.2%.

As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.

BUSINESS REVIEW

Mortgage loan business

In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group’s total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.

In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.

Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.

Pawn Loan Business

The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business’s profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.

During the year, the Group continued to channel resources to advertising and promotion to enhance the Group’s brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.

PROSPECTS

Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.

Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.

Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.

Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.

Mr. Edward Chan, Chairman and CEO of the Company, said, “Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group’s strong resilience amidst market challenges.

Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders.”

Hashtag: #OiWah

The issuer is solely responsible for the content of this announcement.

About Oi Wah Pawnshop Credit Holdings Limited

Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.

Brussels faces resistance from Germany and Spain over a proposed EU-wide move to force telecom operators to remove Huawei and ZTE equipment from critical networks, exposing a rift between the European Commission’s security agenda and national concerns over cost, timing and market disruption. Officials in Berlin and Madrid are pushing back against plans that would turn the EU’s existing 5G security guidance into binding law, arguing that […]

ByteDance is weighing capital expenditure of as much as $70 billion this year as the TikTok owner accelerates an artificial intelligence push aimed at strengthening its position in China’s intensifying technology contest. The Beijing-based group is discussing one of the largest spending programmes by a private technology company outside the United States, with funds expected to go into data centres, AI chips, networking equipment and model development. […]

Arabian Post Staff -Dubai Qatar’s Ministry of Transport has automated 14 additional maritime transportation services, expanding online access for vessel operators, shipping companies and seafarers as Doha pushes ahead with a wider programme to digitise public services and strengthen its logistics base. The newly automated services are now available through the ministry’s official website and cover two main areas: large-vessel transactions and seafarers’ affairs. Ten services relate […]

Immutable and XDC Network have recorded their largest exchange withdrawals of 2026, signalling a shift in investor behaviour as holders move tokens away from trading venues and into private wallets. On-chain data showed net outflows of about 4.67 million IMX, worth roughly $760,000, and 10.38 million XDC, valued at about $756,000, from exchange-linked wallets in a single day. The moves mark the strongest withdrawal readings for both […]

A phishing campaign using sponsored Google search advertisements has drained more than $400,000 from cryptocurrency users after directing them to cloned Uniswap websites designed to empty connected wallets. The attack centred on fraudulent ads that appeared above or near legitimate search results for Uniswap, one of the largest decentralised exchanges on Ethereum. Users who clicked the promoted links were taken to interfaces that closely resembled the authentic […]

Microsoft has issued fixes for a high-severity SharePoint Server vulnerability that could allow authenticated attackers to run code remotely on affected on-premises systems, sharpening security concerns for organisations that continue to rely on self-managed collaboration platforms. Tracked as CVE-2026-45659, the flaw affects SharePoint Server Subscription Edition, SharePoint Server 2019 and SharePoint Enterprise Server 2016. The vulnerability has been assigned a CVSS score of 8.8, placing it in […]

Bitcoin slipped towards $75,000 as traders watched a developing “golden cross” on its chart, leaving the world’s largest cryptocurrency at a critical technical point even as global equity markets pushed to record highs. The token traded near $75,800 after touching an intraday low close to $75,200, extending pressure across major digital assets. Ether also weakened, hovering just above $2,080, while traders identified the $2,400 area as an […]

Ripple has filed new United States trademark applications covering prime brokerage, securities lending, clearing, treasury operations and investment services, marking a deeper push into institutional finance after its $1.25 billion purchase of Hidden Road. The applications, covering Ripple’s word mark and Triskelion design, point to a broader strategy that goes beyond cross-border payments and blockchain settlement. They list services linked to asset management, investment advisory, hedge fund […]

Microsoft is preparing to scale back internal use of Anthropic’s Claude Code and move thousands of developers towards GitHub Copilot CLI, marking a sharper push to consolidate AI coding work around tools it owns and governs more directly. The reported shift affects the company’s Experiences and Devices division, which covers major product groups including Windows, Microsoft 365, Outlook, Teams and Surface. Engineers using Claude Code have been […]

Arabian Post Staff -Dubai Washington is pressing ahead with claims of progress toward a peace deal with Tehran, even as fresh US strikes on targets in southern Iran and renewed uncertainty over the Strait of Hormuz exposed the fragility of efforts to end a war approaching its third month. The latest flare-up came after US forces struck what they described as missile launch sites and mine-laying boats, […]

A record 142,000 millionaires are expected to relocate internationally this year alone — and most investors still do not fully understand what this means for markets. The movement of globally mobile wealth is rapidly becoming one of the defining investment forces of the decade. Capital is shifting across borders faster, more strategically and in greater volumes than at any point in modern financial history. I sincerely believe […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA