HGTECH has begun ramping up deliveries of its 800G LPO products, while Sungrow's energy storage shipments are rising quarter by quarter. Medical devices and innovative drugs have also seen new developments, but testing, approvals and revenue recognition are progressing at different paces.
Third-quarter revenue rose 4.39% year over year and net profit grew 35.88%; revenue per available room at domestic hotels continued to decline year over year, though the decline narrowed slightly.
Jefferies sees cloud providers’ backlogs and business growth continuing to rise, but expects capital spending to keep depressing free cash flow; borrowing costs for new cloud providers are also climbing.
Bernstein believes the key change at ESMO 2026 was that several drugs developed in China produced efficacy data in global studies. Kelun-Biotech achieved a positive global phase III result, while Hansoh’s early data sustained the efficacy seen in China; Innovent’s IBI363 faces tests of efficacy durability and safety.
A timing mismatch between energy storage shipments and revenue recognition, together with costs and project mix, left Sungrow’s third-quarter earnings far below market consensus. Bernstein raised its shipment forecast for next year while cutting its earnings forecast and target price.
Samsung SDI is expanding energy storage supplies in the US, while LG Energy Solution advances local capacity; solid-state and semi-solid-state batteries are at different stages of commercialization, and lithium prices have fallen sharply over the past month.
iMoutai lifted the direct-sales share to 54%, but destocking in the premium liquor channel was slower than expected, and third-quarter revenue and earnings per share both missed Bernstein forecasts. The firm cut its target price but remains positive on the benefits of the channel mix and price increases once inventories stabilize.
Goldman Sachs added Elite Material, Yokohama Rubber and JSW Steel to its Asia-Pacific focus list in November. Each has a different growth case, but they face the respective challenges of securing contributions from new capacity, tire industry oversupply and funding pressure from steel expansion.
Bloomberg’s Opening Trade presenting team believes Monday’s recovery in futures looks more like a “dead cat bounce,” with no one willing to risk further losses ahead of the election.
RMIT University economics professor Chris Berg explains that hackers are rushing to exchange stablecoins for bitcoin and ether, but turning the stolen funds into usable cash is far harder than stealing them.
CG Asset Management co-chief investment officer Chris Clothier talks to Merryn about the fragile economics of the AI boom, signs of tightening credit and which risks are worth taking in stretched markets.
Primavera Capital founder Fred Hu discusses Chinese equities on Bloomberg’s The China Show: Near-term uncertainty and weak consumption coexist with strengths in manufacturing efficiency, exports and energy resilience. Opportunities and risks should be considered separately.
Alex Micalizzi, head of equity structured notes at Nomura International, explains how these products, essentially “bank IOUs plus derivatives,” work, who buys them, and why annual sales have surged from around 200 billion dollars to 300 billion dollars.
On the eve of midterm voting, Scott Galloway and Ed Elson examine voters’ perceptions of the economy, Big Tech earnings and Instagram’s new features to identify the post-election market winners and losers.
Kioxia expects some enterprise SSD shipments to be delayed until early 2027, resulting in fourth-quarter revenue growth below Goldman Sachs’ expectations for its Korean peers. However, its 2027 capacity is essentially sold out, and long-term agreements extend beyond 2028.
In the third quarter of 2026, data-center power generation offset weakness in traditional businesses and foreign-exchange pressure, driving Weichai Power’s EBIT to a record high. Goldman Sachs expects gas-generator sets to drive profit growth in 2027, but prioritizing diesel-engine capacity could push back some gas-generator deliveries.
Goldman Sachs raised its forecast for the average Brent crude price in 2027 from $80 to $88 per barrel and added an allowance for disruptions of 1 million barrels per day to its supply model. The bank believes the recent rise in oil prices has been driven mainly by a risk premium, while supply and demand adjustments have brought the global market back into balance.
Goldman Sachs expects the UK, Australia, Sweden and the Czech Republic each to raise rates by 25 basis points, while five other central banks hold rates steady; US nonfarm payrolls are expected to increase by 75 thousand in October, above the market consensus.
