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BIDU: Little Else to Lean On — All in on Kunlun chips
$Baidu(BIDU.US) Q1 was a mixed bag, reflecting a sharp strategic pivot and business transition. Investors now care less about the long-troubled ads business and more about whether the AI Cloud, Kunlun Chip and buybacks can execute smoothly.Last quarter the company switched to a new disclosure framew...Dolphin Research
Mon, May 18
SHK Capital Partners and Pinegrove Credit Partners Enter Strategic Partnership to Expand Asia Investor Access to Venture Debt
SHK Capital Partners (“SHKCP”) and Pinegrove Credit Partners today announced a strategic partnership to broaden Asian investor access to venture debt investment solutions. The collaboration aims to offer investors with exposure to high-growth technology and innovation-driven sectors.The partnership brings together Pinegrove Venture Partner’s (“Pinegrove”) deep expertise in the innovation economy and SHKCP’s extensive Asian network and proven track record in alternative investment solutions. Venture debt has emerged as an increasingly important financing solution for growth-stage technology, life sciences and healthcare companies to scale while preserving ownership and balance sheet flexibility. The collaboration focuses on providing Asian institutional and private investors with an aligned approach to this evolving asset class, while supporting the venture debt financing for high-growth companies in the innovation economy.Sun Hung Kai Capital Partners is the alternative solutions arm of Sun Hung Kai & Co., a leading, preeminent Hong Kong-based (SEHK: 86), principal-led alternative investment platform recognized for its expertise in alternative investments and asset management. Pinegrove Credit Partners, the venture debt and private credit arm of Pinegrove, is backed by Brookfield and HRTG Partners, with Temasek serving among its anchor investors.Pinegrove maintains a long-standing strategic relationship with Silicon Valley Bank (SVB), a division of First Citizens Bank & Trust, which enhances its ability to originate and underwrite high-quality loans within the venture ecosystem. Since 2012, Pinegrove’s funds have deployed over $4.5 billion across 580 loans to more than 450 growth-stage companies.Tony Edwards, Deputy CEO of SHK & Co.:"Venture debt is a rapidly maturing asset class with compelling risk-adjusted return potential. Partnering with a premier platform like Pinegrove strengthens SHKCP’s ability to serve as a well-aligned conduit between sophisticated Asian capital and the world’s most innovation-led businesses. As a strategic partner and investor in Pinegrove Credit Partners, we are committed to expanding the breadth of high-quality investment solutions to our clients and partners while supporting the next wave of global innovation."Jim Ellison, Managing Partner and Head of Pinegrove Credit Partners:"Our platform is built on deep connectivity across the innovation ecosystem, enabling differentiated origination and disciplined underwriting. Partnership with SHKCP extends our reach into Asia through an established alternative investment platform with an aligned investment approach. We look forward to working together to provide flexible financing solutions to growth-stage companies while delivering attractive, risk-adjusted outcomes for investors in the region."– End –About Pinegrove Credit PartnersPinegrove Credit Partners is the venture debt and private credit business of Pinegrove Venture Partners (“Pinegrove”). Backed by Brookfield and HRTG Partners, and with over $12 billion of assets under management, Pinegrove operates as a diversified venture investment platform operating across the innovation economy, that includes: venture debt (Pinegrove Credit Partners), fund primaries and co-investments (Pinegrove Strategic Partners), and venture secondaries (Pinegrove Opportunity Partners). For more information on Pinegrove Credit Partners, please email info@pinegrove.vc.About Sun Hung Kai Capital Partners and Sun Hung Kai & Co. Sun Hung Kai Capital Partners Limited (“SHKCP”) is a Hong Kong SFC regulated subsidiary of Sun Hung Kai & Co. Limited ("SHK & Co.", SEHK: 86), with Type 1, 4 and 9 licenses. Sun Hung Kai & Co. Limited is a principal-led alternative investment platform based in Hong Kong. Since 1969, with its roots in wealth management,SHK & Co. has built a unique investment capability by investing across a wide range of alternative asset classes, both as a limited partner and investing in general partnerships, within hedge funds, private equity, private credit, and various real assets, consistently generating solid long-term risk-adjusted returns. As at 31 December 2025, SHK & Co. held approximately HK$38.7 billion in total assets, with total assets under management (Total AUM*) of HK$24.6 billion (~US$3.2 billion), reflecting 81% per annum growth over the past three years. For more information about SHKCP, please visit: www.shkcapital.com / follow us on LinkedIn. For more information about SHK & Co., please visit:www.shkco.com/ follow usonLinkedIn.* “Total AUM” refers to the total value of assets managed, advised, distributed or otherwise serviced by SHKCP, and also includes assets managed by seeding partners and external managers in which SHK & Co. has equity stakes. For details, please refer to the SHK & Co. website and our annual report. This AUM methodology differs from that of the AUM in SHKCP’s regulatory filings. Please note that this press release contains forward-looking statements. Such statements may include illustrative projections, forecasts, or expectations regarding SHKCP and SHK & Co., and there is no guarantee that any projections or forecasts made will come to pass.For media enquiries, please contact:Christensen AdvisoryEmail: shk@christensencomms.com18/05/2026 Dissemination of a Marketing Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Mon, May 18
Crypto Daily｜Trump's Latest Disclosure Shows Coinbase, Strategy, MARA Purchases In Q1; Michael Saylor Teases "Big" Bitcoin Buy For Strategy
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsFour On-Chain Indicators Suggest Bitcoin Sell Pressure Is Easing, Binance Research FindsBinance Research, the in-house analysis arm of the global cryptocurrency exc...Tiger News
Mon, May 18
Reminder: Hong Kong Market Will Be Closed for Buddha’s Birthday on Monday, May 25, 2026
Buddha's Birthday is around the corner. The Hong Kong market will be closed on Monday, May 25, 2026. Please consider any trading restrictions that might apply during this holiday period and make the necessary preparations in advance.About Buddha's BirthdayBuddha's Birthday or Buddha Day (also known ...Tiger News
Mon, May 18
Reminder: U.S. Market Will Be Closed for Memorial Day on Monday, May 25, 2026
Memorial Dayis around the corner. The U.S. market will be closed on Monday, May 25, 2026.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Tuesday.Note: There is no overnight trading from 8 p.m. ET on May 24 to 04:00 a.m. EST on May 25. Overnight trading will resume as u...Tiger News
Mon, May 18
Reminder: US, Hong Kong, and Singapore Stock Markets Will Be Closed Next Week
US, Hong Kong, and Singapore stock markets will be closed next week. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.U.S. MarketMemorial Dayis around the corner. The U.S. market will be closed on Monday, May 25, 2026.The New York ...Tiger News
Mon, May 18
24H | Big Tech, Crypto Stocks Drop as Iran War Remains Stuck in Stalemate
Big tech stocks dropped in overnight trading, after the market’s rally stalled last week as oil prices rose sharply amid the impasse in the war with Iran.Tesla and Nvidia fell 2%; Meta, Amazon, and Alphabet fell 1%.Crypto stocks also fell in overnight trading. Strategy fell 5%; Circle, MARA Holdings...Tiger News
Mon, May 18
China Apr retail sales: Q2 under pressure?
As Dolphin Research cautioned earlier, consumption will be under pressure in Q2. April retail sales confirmed the slowdown, with total retail up just 0.2% YoY and online physical goods growth also at 0.2% by our estimate, the weakest month since 2022.That said, this weak print was not a bomb out of ...Dolphin Research
Mon, May 18
SG Morning Brief | Tech Selloff Erases Records as Warsh Era Begins
Weekend WrapKevin Warsh officially became Federal Reserve Chair on Saturday, inheriting an inflation rate of 3.8%, a 10-year yield at 4.55%, and rate hike odds at 45%. His first public comments will set the tone for markets this week. The Trump-Xi summit ended Friday without a major Iran breakthroug...Longport
Mon, May 18
24H｜Storage, Semiconductor and Optics Technology Stocks Drop; SOXL, POET Technologies down 5%; Intel, SanDisk down 4%; Micron down 2%; Nvidia down 1%
Semiconductor shares fell in overnight trading.SOXL down 5%; Intel down 4%; Arm down 3%; AMD down 2%; Nvidia, TSMC down 1%.Chip storage stocks fell in overnight trading.SanDisk down 4%; Micron, Western Digital, Seagate down 2%.Shares of optics technology companies fell in overnight trading.POET Tech...Tiger News
Mon, May 18
EN_【Press Release】China XLX Announces 2026 Q1 Results
Press Release(For immediate release)China XLX’s Net Profit Surged by 68.7% YoY in Q1 2026Simultaneous growth in sales volume and selling price of core products driven by optimised product mix and accelerated transformation and innovation of marketing modelQ1 2026 Results Highlights: Revenue grew by 16.7% YoY to approximately RMB6.82 billion. Net profit surged by 68.7% YoY to approximately RMB 421 million and profit attributable to owners of the parentcompany climbed by 51.7% YoY to approximately RMB 300 million, The economies of scale became increasingly evident as new capacity came on stream in an orderly manner. Overall gross profit grew by 53.2% YoY to approximately RMB 1.28 billion. Investment pace was precisely managed, with the ratio oflong-term to short-term debt staying at 8:2 andshort-term loans decreasing by 9% YoY. (17 May 2026, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) (stock code: 01866.HK) announced that the Group’s revenue for the quarter ended 31 March 2026 grew by 16.7% year-on-year to approximately RMB 6.82 billion. Net profit for the period surged by 68.7% year-on-year to approximately RMB 421 million and net profit attributable to owners of the parent company climbed by 51.7% year-on-year to approximately RMB 300 million.During the period under review, the overall operating environment of the fertiliser industry steadily improved amid strong agricultural demand and favorable raw material costs. The Group capitalised on the opportunities emerging in the market to ramp up R&D of differentiated high-efficiency fertilisers, optimise the product mix and increase the proportion of high value-added products in overall production and sales, leading to steady growth in average selling prices of products. Meanwhile, it accelerated the transformation and innovation of marketing model, made continuing efforts to expand both of domestic and international sales channels, and seized global trade opportunities to boost the export of chemical products. As a result, the sales volumes of core products grew in tandem with selling prices.With the successful commissioning of the Jiujiang Phase II Project, the Group’s new capacity came on stream in an orderly manner. As the economies of scale became increasingly evident, unit production costs further reduced and resulted in 53.2% year-on-year growth in overall gross profit to approximately RMB 1.28 billion. These achievements laid a solid foundation for the improvement in the Group’s financial results.In the first quarter of this year, revenue from urea sales increased by 27.6% year-on-year to approximately RMB 1.96 billion. The commencement of operation of the Jiujiang Phase II Project drove the robust growth in urea output from the previous year with the urea sales volume increased by 21.4% year-on-year for the period. As downstream customers stocked up in advance, the inventories reduced by 19% year-on-year, hence lending strong support to urea price hikes. At the same time, the Group further optimised the product mix and increased the sales proportion of high-efficiency urea with higher margins. As a result, the average selling price of urea increased by 5.2% year-on-year. Moreover, the commissioning of the Jiujiang Phase II Project lowered the fixed cost per tonne coupled with roughly 9% reduction in feedstock costs, the gross profit margin of urea for the period climbed by 10 percentage points year-on-year to 27%.During the review period, revenue from compound fertiliser sales amounted to approximately RMB 1.69 billion, up by 8.7% year-on-year. With the successful implementation of marketing transformation strategy, the Group’s marketing network for compound fertilisers expanded to all 31 provincial-level administrative regions across China. While approximately 7,000 new exclusive distributors were added, the coverage rate of the Group’s sales network reached 91%. In addition, existing distributors delivered steady business growth. As a result, the sales volume of compound fertilisers for the period saw 8.2% year-on-year growth. Because the proportion of ordinary fertiliser sales was seasonally higher in the first quarter and the market supply was largely balanced, the average selling price of compound fertilisers for the period remained stable. Nevertheless, as the tight supply of potash and phosphate fertilisers drove up the feedstock costs, the gross profit margin of compound fertilisers slightly retreated by 1.9 percentage points year-on-year to 12%.During the peak period of project investment, the Group will precisely control the investment pace and balance capital expenditures with financial risks to ensure stable cash flow. Its overall leverage remains controllable with a well-structured debt profile. All key financial indicators remain strong and keep on improving. As of the end of the period under review, the Group’s debt-to-asset ratio was 67.9%, slightly up by 1.9 percentage points from the beginning of the period. The ratio of long-term to short-term debt stayed at 8:2 and short-term loans decreased by 9% year-on-year, hence freeing up approximately RMB 1.4 billion in working capital. The average interest rate on new loans for the period decreased by 0.18 percentage points from the previous year and was maintained within 2.86%.As for the project development, the new chemical material project at the Xinjiang Production Base commenced the trial run with all indicators performing well. The urea production facility with annual capacity of 700,000 tonnes is scheduled to put into operation in the second quarter of this year. The development of the Zhundong Project (Phase I) is progressing as planned and it is slated to commence operation by the end of this year. The Guangxi Project (Phase I) is expected to put into production in the third quarter of next year. This project is aimed at addressing the capacity shortage of new nitrogenous fertilisers in Guangdong and Guangxi. With an easy access to the Pinglu Canal, it will enhance the transport efficiency at lower costs and will enable the Group to effectively expand into the Southeast Asia market.Looking ahead into the second quarter, Mr. Liu Xingxu, Chairman of China XLX, said: Underpinned by the peak planting season, domestic urea prices are expected to remain firm and stable in general. However, due to ample supply and other factors, there is limited room for further price increases. If the export controls are relaxed after the spring planting season, urea prices may see periodic price fluctuations. Meanwhile, coal-based producers are poised to benefit from geopolitical conflicts and the competitive landscape in the industry will continue to improve. Facing a complex market environment, the Group will reinforce its competitive edges through technological innovation, production iteration, marketing model transformation, the promotion of digital intelligence transformation and green low-carbon high-quality development.~ END ~About China XLX Fertiliser Ltd.China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange.Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited David Shiu / Liky Guo Tel: 852-2522 1368 / 852-2522 1838 Email: dshiu@prchina.com.hk lguo@prchina.com.hk 17/05/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Sun, May 17
Weekly Winners｜Cisco Rocketed 22%; Palo Alto Up 17%, Zebra Up 15%; Coherent Rose 14%; CrowdStrike and Occidental Jumped 12%
This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.Below are the top 10 S&P 500 stock gainers for the week ended May 15:Cisco Stock Surges on Surging AI Orders, as Company ...Tiger News
Sun, May 17
Ratings Weekly | Cisco, Uber, Starbucks, DraftKings, ZoomInfo, Wendy’s and More to Watch
Top 5 Buy Calls:1. Starbucks upgraded to Buy at TD CowenTD Cowen upgraded Starbucks (SBUX) to Buy from Hold with a price target of $120, up from $106. The firm says the company has “numerous tangible drivers” to drive positive sales revisions in a “strong category backdrop.” Starbucks is prioritizin...Tiger News
Sun, May 17
Top 5 US Stock Gainers/Losers (>100B) (5.15)
NASDAQ Composite Index has fell 1.54%, with a year-to-date rose 12.8%; S&P 500 has fell 1.24%, with a year-to-date rose 8.2%; Dow Jones Industrial Average has fell 1.07%, with a year-to-date rose 3%.Adobe(ADBE) rose 4.47%, with a trading turnover 1.6 Billion USD, and a year-to-date fell 29.3%.Exxon ...Longport
Fri, May 15
Top 10 US Stock Gainers (5.15)
NASDAQ Composite Index has fell 1.54%, with a year-to-date rose 12.8%; S&P 500 has fell 1.24%, with a year-to-date rose 8.2%; Dow Jones Industrial Average has fell 1.07%, with a year-to-date rose 3%.Solaredge Tech(SEDG) rose 22.93%, with a trading turnover 847.5 Million USD, and a year-to-date rose ...Longport
Fri, May 15
Top 5 CDRs Gainers/Losers (>100M) (5.15)
NASDAQ Composite Index has fell 1.54%, with a year-to-date rose 12.8%; S&P 500 has fell 1.24%, with a year-to-date rose 8.2%; Dow Jones Industrial Average has fell 1.07%, with a year-to-date rose 3%.Chaince Digital(CD) rose 9.51%, with a trading turnover 1.2 Million USD, and a year-to-date rose 66.8...Longport
Fri, May 15
Top 10 US Stock Losers (5.15)
NASDAQ Composite Index has fell 1.54%, with a year-to-date rose 12.8%; S&P 500 has fell 1.24%, with a year-to-date rose 8.2%; Dow Jones Industrial Average has fell 1.07%, with a year-to-date rose 3%.POET Tech(POET) fell 22.36%, with a trading turnover 1.8 Billion USD, and a year-to-date rose 152.3%....Longport
Fri, May 15
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