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Real-time News
Google (GOOG.O) will invest at least €13 billion in artificial intelligence infrastructure in Finland between 2027 and 2028. The investment includes data centers, infrastructure, and energy projects.On September 9th, Morgan Stanley released a research report indicating that Link REIT (00823.HK)s overall merchant sales in the first quarter of fiscal year 2027 (end of June 2026) declined by 1% year-on-year. Among them, the catering business continued to improve, growing by 1.5% year-on-year; supermarket performance remained weak, declining by 1.9% year-on-year. Management expects Hong Kong property renewal rents to decline by 5% year-on-year in the first half of fiscal year 2027 (end of September 2026), an improvement compared to the 8.2% decline for the full fiscal year 2026 and the 6.4% decline in the first half of fiscal year 2026. However, the guidance of an 8% year-on-year decline in renewal rents for the full fiscal year remains unchanged, implying that the performance in the second half of the year will be worse than the first half. Morgan Stanley noted that Link REITs annual cost reduction plan of HK$200 million is progressing well. Through cost reduction and share buybacks, the distribution per unit in fiscal year 2027 is expected to remain flat year-on-year, with financing costs remaining at 3.4%. The Anderson Road project is 80% pre-leased and is scheduled to open in October this year. Morgan Stanley expects it to support rental income in fiscal year 2028 and has given it an overweight rating with a target price of HK$44.According to Finnish broadcaster YLE, Google (GOOG.O) will invest at least €13 billion in artificial intelligence infrastructure in Finland between 2027 and 2028.On September 9th, JPMorgan Chase issued a research report stating that the sales slowdown at Laopu Gold (06181.HK) in the second quarter was more cyclical than structural. Furthermore, the companys gross margin exceeded expectations, its strategies for dealing with gold price fluctuations were clearer, and its VIC and overseas expansion could improve medium-term growth visibility. Liquidity and dividends also provide downside protection. JPMorgan Chase still expects Laopu Golds performance to gradually recover, projecting profits of approximately RMB 800 million and RMB 1.2 billion for the third and fourth quarters, respectively. Although short-term sales performance still depends on gold price trends, and the Mid-Autumn Festival and National Day holidays will be the next key observation points, the bank believes the companys brand competitiveness and medium- to long-term profitability remain solid. The bank maintains its "Buy" rating on the company with a target price of HKD 891.French industrial production fell 0.5% year-on-year in July, compared with a previous reading of -0.10%.
