China to End Ant Group's Regulatory Revamp With Fine of at Least $1.1 Billion
(Reuters) - Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an en
I wondered where he gets the data that "AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says" from? AEM said that excitement in generative AI is looking promising to the coy. Also, INTC is ramping up chip production n GPU n quantum computing chips like crazy. Dont anyone think this will b extremely beneficial to AEM. I think this analyst has not get new update from AEM. Your thoughts?
0205 GMT - AEM Holdings' recent share-price rally, driven by increased interest in artificial-intelligence-related stocks, looks overdone, UOB Kay Hian analyst John Cheong says in a research report. AI-related chips account for only around 3% of the company's semiconductor sales and won't be able to offset weakness in other segments, such as smartphones and PCs, the analyst says. BCA Research's June review of major semiconductor-consuming sectors gives a subdued picture of global semiconductor demand, the analyst notes. Also, consensus 2023 and 2024 earnings forecasts for the company seem too optimistic, says the brokerage, which downgrades the stock to sell from hold, with an unchanged target price of S$2.87. Shares are 3.5% lower at S$3.56.
As u hv correctly said history is a guide. This time is goong to b different. So far the bears have been wrong because they r using the old model to evaluate the current situation which is quite different from the past. One key point that most bears overlook is the strength of employment. US GDP is 2/3 dependent on the consumers. So long as people r gainfully employed, there will b no recession n housing market will not crash albeit business will stay slow in a high rate environment. To conclude, big tech n AI will continue to lead the mkt to new high. Once fed pivot the rest off the mkt will play catch up
S&P 500 Officially Enters Bull Market: Unstoppable Surge Or House Of Cards?
Apple historically tends to sandbag guidance to give themselves room to beat expectations, but lately, they haven't been able to deliver consistent earnings surprises. This is part of a broader trend that is worrying analysts, which is that changes in accruals are signaling that companies are potentially overstating reported earnings. There are a lot of incentives to do this with executives paid largely in stock. This tends to be corrected with a so-called "kitchen sink" strategy where companies or political leaders dump all the bad news at once rather than let it trickle out. I'm sure people have fun talking about a tech "singularity" on Reddit, but -2.5% EPS year-over-year is not exactly a black hole of endless profit growth. Why care about Apple?
$Lapco Holdings(08472)$ After being bashed so hard, this counter is now undervalued. Based on Book Value n Earnings, it should be between 0.2 to 0.4. With the recent placement, i think this counter may make a comeback soon. Watch for it!
This counter was being accumulated at 0.38 on 20 Apr. The run started on 28 Apr. To date it has surged 0.98. The run is going to pause soon. Think it will tumble below 1.00 perhaps to 0.80 n scare away retailers before another run to 2.00.
$GROWN UP GROUP(01842)$ Looks like the operators of this counter has full control of the prices. From here on, it ia up to them to decide what the prices close each day n when is the last day for it to crash. Best not to short. If want to trade be nimble n careful
$GROWN UP GROUP(01842)$ Looks like the operators of this counter has full control of the prices. From here on, it ia up to them to decide what the prices close each day n when is the last day for it to crash. Best not to short. If want to trade be nimble n careful