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On May 12th, JPMorgan Chase issued a report reiterating its target price of HK$35 and "Neutral" rating for Xiaomi Group (01810.HK). Regarding Xiaomis Q1 2026 outlook, the bank believes that despite a significant decline in year-on-year revenue growth in the smartphone and electric vehicle sectors, overall adjusted net profit may be better than expected, aided by improved gross margins in smartphones and the Internet of Things (IoT). Memory cost pressures are likely to continue in Q2, with DRAM and NAND prices potentially increasing by 40-60% quarter-on-quarter. However, Xiaomi may defend its gross margin at around 8% by raising prices and abandoning certain market segments. The bank forecasts that Q2 2026 earnings per share will decrease by approximately 27% year-on-year, still 12% lower than the market consensus. However, a new concern has emerged: with only 110,000 electric vehicle shipments from the beginning of this year to April, can Xiaomi achieve its target of over 550,000 electric vehicle shipments? The bank believes that if electric vehicle shipments do not increase in Q2, Xiaomi is likely to lower its Q2 2026 guidance. In light of the above factors, the bank has slightly adjusted its earnings per share forecast for the company and maintained its target price and "neutral" rating.May 12th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices have risen slightly in recent intraday trading, with the overbought conditions previously observed on the Relative Strength Index (RSI) showing some relief. Currently, we are beginning to see positive golden cross signals on these indicators, which could provide momentum for oil prices to retest nearby resistance levels in the short term. Despite the relative improvement, the price trend remains predominantly negative, as prices continue to trade below the 50-day EMA, maintaining dynamic downward pressure and limiting the possibility of a sustainable rebound, especially given that short-term bearish corrections still dominate the trend. This leads to a cautious view on the current technical outlook.May 12th, Futures News: Economies.com analysts latest view: Brent crude oil futures have risen somewhat in recent intraday trading, but remain under the dominance of a short-term bearish correction. Furthermore, its price continues to trade below the 50-day EMA, creating persistent negative and dynamic pressure, further exacerbating downward pressure. On the other hand, some relative strength indicators (RSIs), after digesting overbought conditions, are beginning to show initial positive signals. This opens up room for a cautious continuation of the upward trend in Brent crude oil futures in the near future.Japans preliminary leading index for March was 114.5, in line with expectations and down from 113.3 in the previous month.Japans March coincident economic indicator preliminary reading was 116.5, below the expected 116.6 and the previous reading of 116.3.

GE appoints Zingoni CEO of its power business

Skylar Williams

Sep 21, 2022 10:37

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According to an internal document acquired by Reuters on Tuesday, General Electric Co. has selected Mavi Zingoni as the leader of its power unit, which comprises its gas, steam, and nuclear power operations.


Zingoni, the executive managing director of client and low carbon generating business for the Spanish energy company Repsol (OTC:REPYY), will take over on January 1 and relocate to the United States. She will report to Scott Strazik, who leads the energy businesses of the corporation.


GE did not respond to a comment request.


Zingoni joins as the industrial behemoth prepares to divide into three public companies.


In January, GE intends to separate its healthcare business. In 2024, it will separate its energy division into a new company that incorporates power, renewable energy, and digital components.


Zingoni has the difficulty of directing GE's power division in the face of supply chain and inflationary issues.


The company's electrical segment, which accounted for 23% of sales last year, is one of its most troubled. It has not reported an increase in revenue for years.


The unit observed a reduction in orders throughout the first half of this year. The company expects to earn a profit this year, with revenue growth in the low single digits.

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