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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%.

Desalination Plant in California Suffers Setback With Recommendation For Denial

Haiden Holmes

Apr 26, 2022 10:07

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The commission, which has the authority to reverse staff decisions but does so infrequently, is due to vote on the project on May 12.


Desalination, environmentalists argue, annihilates ocean life, consumes excessive amounts of money and energy, and will soon be rendered obsolete by water recycling.


Poseidon Water, the infrastructure subsidiary of Canada's Brookfield Asset Management, is proposing the desalination facility near Huntington Beach, just south of Los Angeles.


Poseidon has been attempting to secure approval for the project for more than two decades, spending an estimated $100 million in the process.


With the Western states of the United States suffering from a prolonged drought, officials appeared to be on the verge of approving the Huntington Beach facility. Last year, the business expressed sufficient confidence to discuss breaking ground on the $1.4 billion factory by the end of 2022.


Poseidon has operated a comparable facility in Carlsbad since 2015, although it was permitted locally prior to the state enacting regulations governing desalination plants.