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Hong Kong-listed Kinsun Technology (09877.HK) surged over 4% in the afternoon after the company announced at midday that it expects its interim revenue to increase by 385% to 400% year-on-year.JPMorgan Chase: Raises its year-end 2026 target for the S&P 500 to 8,000 points, up from 7,800 points previously.On August 10th, Kinsys Technology (09877.HK) announced that the Group expects to achieve revenue of approximately RMB 63 million to RMB 65 million for the six months ended June 30, 2026, representing an increase of 385% to 400% year-on-year. Other income and gains are expected to be approximately RMB 9 million to RMB 11 million, totaling approximately RMB 72 million to RMB 76 million, representing an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing an increase of 188% to 204% year-on-year. The main reasons for the performance growth during the reporting period include: 1. The Groups Ken-Valve transcatheter aortic valve system continued to achieve steady revenue growth. Ken-Valve is suitable for aortic regurgitation or stenosis, and its product design features and operational advantages have enabled the procedure to be rapidly promoted and applied in multi-level medical institutions; 2. The Group actively carried out paid clinical implantation of multiple structural heart disease interventional products overseas. The product’s excellent clinical efficacy and application advantages have been highly praised by key opinion leaders and experts around the world, and can meet the huge unmet clinical needs of structural heart disease worldwide.U.S. senior defense official Colby: The United States has more interests in the Indo-Pacific region than ever before, which means that investment in the region is stronger and growing.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.


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