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$Remark Holdings (MARK.US)$ Trump won 10 blocks!
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$Faraday Future Intelligent Electric Inc. (FFIE.US)$
Faraday Future Q4 2023 earnings conference call is scheduled for May 28 at 8:00 PM ET /May 29 at 8:00 AM SGT /May 29 at 10:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
Beat or Miss?
What do you expect from Faraday Future's Q4 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say!
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Faraday Future Q4 2023 earnings conference call is scheduled for May 28 at 8:00 PM ET /May 29 at 8:00 AM SGT /May 29 at 10:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
Beat or Miss?
What do you expect from Faraday Future's Q4 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say!
Disclaime...
Faraday Future Q4 2023 earnings conference call
May 28 19:00
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Is it right to catch the falling stock price of Yang Zhongli and Double Heroes? Let's see how the market responds.
Among them, $YTLPOWR (6742.MY)$Yang Zhongli Electric's profit performance has declined by quarter, with most investment banks believing that its stock price trend will also slow down, and have successively downgraded the stock rating to 'hold' or 'follow the market.'
Galaxy Securities analysts pointed out that due to the Singapore subsidiary - Power Seraya's profit contribution in the third quarter of the 2024 fiscal year (ending in March) falling by 18% each quarter, coupled with losses in the telecommunications business expanding, Yang Zhongli Electric's net profit for the third quarter also began to decline from its peak, dropping by 16% each quarter.
"Power Seraya's net profit performance began to normalize in the third quarter, while the telecommunications business faced the impact of project revenue decline, leading to an expanded loss. This was enough to offset the narrower losses from Wessex Water Affairs, as well as the increased contribution to profits from the joint venture company."
The analyst also stated that Power Seraya's electricity retail profit margin decreased quarterly, as supply contracts were renewed, offsetting the higher electricity sales volume brought by the hot weather in the third quarter.
Regarding the outlook, the analyst has not changed the future profit expectations for Yang Zhongli's Power Seraya, still predicting that the profit will continue to decline to normal levels. However, the recovery of Wessex Water Affairs' performance, combined with the contribution from the datacenter business starting in the second half of the 2025 fiscal year, is expected to mitigate the impact of declining profits from Singapore's power generation.
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Among them, $YTLPOWR (6742.MY)$Yang Zhongli Electric's profit performance has declined by quarter, with most investment banks believing that its stock price trend will also slow down, and have successively downgraded the stock rating to 'hold' or 'follow the market.'
Galaxy Securities analysts pointed out that due to the Singapore subsidiary - Power Seraya's profit contribution in the third quarter of the 2024 fiscal year (ending in March) falling by 18% each quarter, coupled with losses in the telecommunications business expanding, Yang Zhongli Electric's net profit for the third quarter also began to decline from its peak, dropping by 16% each quarter.
"Power Seraya's net profit performance began to normalize in the third quarter, while the telecommunications business faced the impact of project revenue decline, leading to an expanded loss. This was enough to offset the narrower losses from Wessex Water Affairs, as well as the increased contribution to profits from the joint venture company."
The analyst also stated that Power Seraya's electricity retail profit margin decreased quarterly, as supply contracts were renewed, offsetting the higher electricity sales volume brought by the hot weather in the third quarter.
Regarding the outlook, the analyst has not changed the future profit expectations for Yang Zhongli's Power Seraya, still predicting that the profit will continue to decline to normal levels. However, the recovery of Wessex Water Affairs' performance, combined with the contribution from the datacenter business starting in the second half of the 2025 fiscal year, is expected to mitigate the impact of declining profits from Singapore's power generation.
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$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Diamond hands, bankrupt the shorts!
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