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On May 26, JTTECH Technology-P (07666.HK) issued an announcement stating that it has recently noticed certain media reports claiming that the China Securities Regulatory Commission (CSRC) has issued supplementary information disclosure requirements to 38 companies, including the company itself. The company hereby clarifies and emphasizes that the information regarding the company in these media reports is inconsistent with the facts and misleading. Since receiving the filing notice from the CSRC, the company has not received any notification from the CSRC requesting supplementary information.Jefferies raised its target price for Marathon Petroleum (MRO.N) from $279 to $296.Jefferies: Raises its price target for Phillips 66 (PSX.N) from $173 to $191.On May 26, according to South Koreas Joint Chiefs of Staff, North Korea launched an unidentified projectile into the western waters of the Korean Peninsula. North Korean officials have not yet released any official statement on the matter.On May 26th, Shengfa Report maintained its target price of HK$273 for Hesai-W (02525.HK) in Hong Kong and US$35 for its US-listed shares, reiterating its "Buy" rating. Goldman Sachs stated that following the Q1 2026 results, based on orders and guidance provided by current management, SGI revenue is projected to slow to RMB 1 billion by 2027-2030 due to market uncertainty. The bank raised its net profit forecast for 2026-2030 by up to 14%. Therefore, it maintained its target price and rating. The report noted that the companys Q1 revenue and gross profit met expectations, while EBIT exceeded Goldman Sachss expectations by 47% and market expectations by 63%, primarily due to lower operating expenses. Furthermore, Hesai Technology launched the SGI segment, which is expected to generate approximately RMB 100 million in revenue in 2026 and aims to reach RMB 500 million by 2027. SGI is also expected to achieve higher recurring revenue and thus higher profit margins through the use of software and platforms. Looking ahead to the next few quarters, the bank expects sales volume, profit margins, and profitability to gradually improve. For the full year 2026, revenue is expected to grow by 50%, with a gross margin of 40%. Given the continued operating leverage, EBIT is expected to increase by 139% year-on-year in 2026, and the EBIT margin is expected to improve from 9% in 2025 to 15%.

Coinbase Takes Bored Ape to the Movies with ‘The Degen Trilogy’

Cameron Murphy

Apr 12, 2022 10:34


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With the Degen Trilogy, a Bored Ape Yacht Club film trilogy, Coinbase is bringing NFTs into the public.


The first installment of the trilogy will broadcast in June, with Coinbase inviting the NFT community to participate in the storyline.


To access the trilogy, customers will need to open a Coinbase wallet, which might coincide with the introduction of CoinbaseNFT.


The film business has formed closer relationships with non-profits in recent months. NFTs are currently used to sponsor movies on a number of sites. NFTs have attracted some of Hollywood's biggest names.


Quentin Tarantino took Pulp Fiction NFT in January with the release of ETH-based TARANTINO NFTs, a collection of seven NFTs that includes never-before-seen content from the film.


The owners of Bored Ape NFTs have been asked to audition their apes for the trilogy by Coinbase.

"Mutant Apes, another Yuga Labs-owned property, will be given the similar treatment, along with other popular projects yet to be disclosed," Coinbase entertainment and culture marketing director William Swann stated, according to the news wires.


The trilogy's release corresponds with CoinbaseNFT's expected entry in the NFT arena. CoinbaseNFT, a peer-to-peer marketplace for discovering, minting, purchasing, and showcasing NFTs, was unveiled in March by Coinbase.


While Coinbase may have been one of the first to bring NFTs to the movies, the film industry has been collaborating with NFTs for quite some time.


NFTs are being targeted by the film industry in order to revolutionize the industry.


The film business had a busy first quarter, with filmmakers turning to non-profits for funding.


FF3, a new platform that allows the film industry to pay its movies via NFT sales, began in January.


Investors may obtain a piece of the movie's profits as well as collecting NFTs that might be worth a lot of money on the secondary market.


Independent cinema, sometimes known as Indie Film, has also made headlines. Indie filmmakers are turning to NFTs and DAOs as a key financing source. Miguel Faus, the director of the film 'Calladita,' began a crowdfunding campaign in February, offering NFTs and other gifts to anyone who donated.


Coinbase could be seeking to enter the film industry revolution with its film producing skills.

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