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SIGENERGY(6656): recently addressed market concerns about its liquidity during a roadshow, emphasizing that its fundamentals remain solid. The company maintains its full-year revenue target of RMB 20 billion and net profit of RMB 4.5 billion to 5 billion. Although the stock price has fluctuated recently due to market liquidity, management, leveraging its extensive experience in energy and AI technologies, continues to actively promote overseas expansion plans, leading to further upward revisions to overall profit forecasts and shipment volumes. In the commercial and industrial energy storage sector, the company forecasts revenue of RMB 3 billion in 2026 and doubles in 2027, with gross profit margin expected to remain above 40%. Benefiting from its seamless sales channels extending from residential to commercial and industrial applications, the company has achieved remarkable breakthroughs in Europe, successfully surpassing the 10% market share threshold in Germany, Poland, and Austria, demonstrating the effectiveness of its high-end brand positioning and international expansion.
The US PCE price index rose 4.1% year-on-year in May
The US PCE price index rose 4.1% year-on-year in May, while the core PCE rose 3.4% year-on-year, a three-year high. The personal consumption expenditure (PCE) price index rose 4.1% year-on-year in May, the highest level since April 2023. Excluding food and energy, the core PCE rose 3.4% year-on-year, the highest level since October 2023. Real consumer spending, adjusted for inflation, rose 0.3% month-on-month, indicating that US consumers maintained a strong willingness to spend despite high prices.
Hong Kong Stock Connect saw a net outflow of HK$8.874 billion on Thursday. Among them, Kingboard Holdings (00148) saw the largest inflow at HK$2.831 billion, followed by SMIC (00981) with a net inflow of HK$2.637 billion. The Tracker Fund of Hong Kong (02800) recorded the largest net outflow at HK$4.379 billion, followed by Alibaba-W (09988) with a net outflow of HK$2.252 billion.
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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