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On March 20th, Morgan Stanley released a research report on MINIMAX (00100.HK), giving it an "Overweight" rating with a target price of HK$990, corresponding to a 2027 price-to-sales ratio of 56x. The report highlights the companys rapid iteration of its large model to M2.7, significantly improving OpenClaw performance and approaching Sonnet 4.6 levels, strengthening its AI-native capabilities and agent ecosystem, and driving future token growth potential.Hesai (02525.HK): The new generation Xiaomi SU7 is launched, and all models come standard with Hesai LiDAR.JPMorgan Chase: The Bank of England is expected to raise interest rates by 25 basis points each in April and July 2026, compared with previous forecasts that the rate would remain unchanged throughout the year.According to the Kuwait News Agency, the Kuwait National Oil Company stated that the Mina Al-Ahmadi refinery was attacked by drones last night, causing fires in some units. Firefighters have responded to the scene, and some units have been shut down for safety. Initial estimates indicate no casualties have been reported.On March 20th, Zhenro Properties (06158.HK) issued a profit warning, preliminarily estimating a net loss of RMB 1.7 billion to 1.8 billion for 2025. The net loss is primarily attributed to a decline in overall demand in the domestic real estate industry, leading to lower project selling prices and gross profit, as well as impairment provisions related to properties under development, completed properties held for sale, other assets, and financial assets; increased uncapitalized financing interest; and a decrease in the fair value of investment properties. The expected increase in losses is mainly due to a decrease in gross profit and an increase in impairment provisions compared to 2024.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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