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On August 10th, Kinsys Technology (09877.HK) announced that the Group expects to achieve revenue of approximately RMB 63 million to RMB 65 million for the six months ended June 30, 2026, representing an increase of 385% to 400% year-on-year. Other income and gains are expected to be approximately RMB 9 million to RMB 11 million, totaling approximately RMB 72 million to RMB 76 million, representing an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing an increase of 188% to 204% year-on-year. The main reasons for the performance growth during the reporting period include: 1. The Groups Ken-Valve transcatheter aortic valve system continued to achieve steady revenue growth. Ken-Valve is suitable for aortic regurgitation or stenosis, and its product design features and operational advantages have enabled the procedure to be rapidly promoted and applied in multi-level medical institutions; 2. The Group actively carried out paid clinical implantation of multiple structural heart disease interventional products overseas. The product’s excellent clinical efficacy and application advantages have been highly praised by key opinion leaders and experts around the world, and can meet the huge unmet clinical needs of structural heart disease worldwide.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.ADNOC Gas Division of Abu Dhabi National Oil Company: Will advance the second and third phases of rich gas development.ADNOC, the gas division of Abu Dhabi National Oil Company of the United Arab Emirates, will invest more than $8 billion to expand its production capacity.August 10th Futures News: 1. According to CCTV News, the Houthi rebels in Yemen issued a statement on August 9th, claiming that in response to the continued attacks by "Saudi-backed armed forces" on the west coast of Yemen and Taiz province, the Houthis launched a "large-scale, high-intensity" attack on the "Saudi-backed armed forces" assembly points and weapons depots in Mocha port on the Red Sea coast of Taiz province, using a large number of ballistic missiles and drones. 2. Domestically, as of press time, the main crude oil futures contract rose by more than 2%. Some analysts said that international crude oil prices are expected to remain highly volatile in mid-to-late August, with geopolitical factors remaining the primary driving variable. In the medium to long term, oil prices are unlikely to maintain a one-sided surge; the general trend will be high-level wide-range fluctuations. On the one hand, global manufacturing demand is generally weak, lacking the fundamental momentum to support a long-term significant rise in oil prices; on the other hand, OPEC+s production increase plan and the stable output of US shale oil will increase future crude oil supply. Overall, the risk of oil price volatility is high in August, and attention should be paid to the progress of US-Iran negotiations, expectations for the opening of the Strait of Hormuz, and US crude oil inventory data.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.