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Xtep International (01368.HK): Xtep main brand retail sales growth (including online and offline channels) in the fourth quarter of 2025 was flat year-on-year; Xtep main brand retail sales growth (including online and offline channels) in 2025 was low single digits year-on-year.On January 23, Hong Kong stocks opened higher but then fluctuated downwards. The Hang Seng Tech Index initially rose by over 1%, but closed up 0.32% at 26,715.73 points; the Tech Index closed up 0.12% at 5,769.23 points. On the sector front, commercial aerospace stocks were active, while photovoltaic and gold stocks rose strongly, and new consumption concepts rebounded; passenger airline stocks fell, and building materials stocks retreated. In terms of individual stocks, Junda Shares (02865.HK) surged over 29%, Goldwind Technology (02208.HK) rose nearly 9%, GigaDevice (03986.HK), Laopu Gold (06181.HK), and Chifeng Gold (06693.HK) all rose over 7%, Pop Mart (09992.HK) gained 6.5%, Ganfeng Lithium (01772.HK) and Nanjing Panda Electronics (00553.HK) climbed 5%, and Alibaba (09988.HK) climbed 2.6%; MicroPort Robotics (02252.HK) fell 4.6%, and Hua Hong Semiconductor (01347.HK), CNOOC (00883.HK), and PetroChina (00857.HK) dropped 2%.On January 23, Capital Economics reported that the Bank of Japans more optimistic stance on the economic outlook has led it to believe that a rate hike may come sooner than previously expected. At its first policy meeting in 2026, the Bank of Japan kept interest rates unchanged while raising its GDP growth forecasts for the current and next fiscal years. Marcel Thieliant of Capital Economics noted that despite the governments announcement of energy subsidies last November, the Bank of Japan did not lower its inflation forecast, leading him to believe that underlying inflation will no longer remain subdued but will instead rise moderately. With the real policy rate still deeply negative, further tightening is almost a certainty. Even with the possibility of future consumption tax cuts that could distort prices, Capital Economics believes inflationary pressures will remain robust. The firm previously predicted a July rate hike by the Bank of Japan, but now the risks seem to favor an earlier move. Regardless, the firm expects the policy rate to rise to 1.75% by the end of 2027.On January 23, Yiyitong received research from multiple institutions including Guotai Haitong, Great Wall Securities, and First Capital Securities on January 21. In response to questions about its chip and storage layout, the company stated that its subsidiary, Xingyi, was among the earliest storage companies in China. With the advancement of AI technology, user data is increasing, and the demand for storage will also grow. In the future, the company will provide more resources to focus on this track, while also considering investing in and acquiring related companies.Fitch Ratings upgrades Vietnams long-term senior secured debt rating to BBB-.

Samsung Elec announces a higher Q2 profit owing to solid server-chip demand

Charlie Brooks

Jul 07, 2022 11:18


Samsung Electronics (OTC:SSNLF) Co Ltd announced its greatest April-through-June profit since 2018 with an 11 percent year-over-year gain, as demand for its memory chips from server customers more than offset decreased sales to smartphone manufacturers due to inflation.


The world's leading memory chip and smartphone manufacturer stated Thursday that its second-quarter operating profit grew to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier.


It was quite close to Refinitiv's SmartEstimate of 14,45 trillion won.


In agreement with market estimates, Samsung (KS:005930) announced in a short earnings report that sales likely climbed by 21 percent year-over-year to 77 trillion won.


This month, Samsung will provide detailed financial results.


Large U.S. IT companies that rely heavily on data center services continued to acquire chips to meet cloud demand, insulating Samsung's chip revenue from a potential client oversupply after two years of high demand.


According to the data source TrendForce, the price of some DRAM chips, which are utilized in electronic devices and servers, decreased by around 12 percent last month compared to the same time period one year prior. As demand for smartphones and laptops decreases, analysts believe that prices will continue to fall.


"Server DRAM is currently the only feasible sales channel... As a result, Korean manufacturers were the first to signal a willingness to contemplate a quarterly price cut of more than 5 percent (for server goods) "DRAMS," according to TrendForce.


According to TrendForce, the costs of NAND Flash chips, which are used in electronic devices for data storage, are projected to decline by as much as 5 percent between July and September compared to the previous quarter.


Following two profitable pandemic years in which customers purchased devices for remote work, chipmakers throughout the globe are observing a fall in demand.


According to analysts, rising prices, worries of a dramatic market collapse, the Ukraine war, and China's COVID-19 lockdowns have hampered smartphone sales, leaving server chip demand as the only bright light.


During morning trade, the price of Samsung's stock jumped by 0.9%.


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