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MORNING BID EUROPE-No 'best offers' yet as tariff deadline looms
A look at the day ahead in European and global markets from Ankur BanerjeeToday is the deadline for U.S. trading partners to submit their "best offer" to avoid punishing import tax rates, the same day that U.S. duties on imported steel and aluminium kick in, and investors are more jittery th...Reuters
Wed, Jun 4
REFILE-Vanguard new ex-China ETF followed push from Missouri Republicans
Missouri Treasurer pushed for Vanguard to add ex-China option to rosterSix weeks elapsed between request and Vanguard ETF filingAdding ex-China products has been a trend among asset managersBy Suzanne McGee and Ross Kerber June 3 (Reuters) - Investment manager Vanguard's new exchange-traded f...Reuters
Wed, Jun 4
AI Emerges as a Mid-to-Long-Term Growth Engine; Kling 2.1 Sets New Standard for Cost-Efficient Video Generation
Kuaishou: A Leading Short-Video Platform in China with Strong User Engagement and Robust E-commerce Growth.It operates one of the most prominent content and social platforms globally, striving to become the most customer-centric company in the world. Backed by robust AI capabilities, Kuaishou continues to innovate and expand its service offerings to enhance user experience and value creation. In 1Q25, Kuaishou reported total revenue of RMB 32.6 billion, up 10.9% year-over-year, with adjusted net profit reaching RMB 4.6 billion and an adjusted net margin of 14.0%. Notably, the company achieved its first-ever quarterly operating profit for the overseas segment. Monthly active users (MAUs) reached 712 million, and daily active users (DAUs) stood at 441 million, with an average daily usage time per DAU of 133.8 minutes. E-commerce continued its strong momentum, with gross merchandise volume (GMV) rising 15% year-over-year to RMB 332 billion.AI Fuels the Short Video Boom.China’s short video sector remains in a high-growth phase, increasingly driven by AI. The online audiovisual market reached RMB 1.2 trillion in 2024, up 6.1% year-over-year. As of December 2024, short video users in China surpassed 1 billion, with average daily usage per user ranking highest among all internet applications. By capturing fragmented attention spans through compelling visuals, algorithmic distribution, and ease of consumption, short videos quickly command user engagement. Kuaishou is at the forefront of this AI-powered transformation. Kuaishou’s proprietary AI video generation platform, “Kling AI” (可灵),is China’s first paid AI video tool designed for both consumers and professional creators. The underlying AI infrastructure supports various applications including dynamic ad delivery, AIGC (AI-generated content), AI virtual anchors, and intelligent customer service.Kling AI Has Rapidly Become A New Growth Engine in Kuaishou’s AI Monetization Strategy.As China’s first paid AI video generation tool for professional users, it has achieved early commercialization success. The product prioritizes model quality and targets the “prosumer” segment—users who combine consumer influence with professional-grade purchasing power, such as content creators and digital marketers. In 1Q25, Kling AI generated over RMB 150 million in revenue, with nearly 70% contributed by paid subscriptions from prosumer users. The platform’s global user base has exceeded 22 million, with enterprise clients (via API integration) surpassing 10,000. Kling AI now serves multiple verticals including content creation, advertising, film and animation, gaming, and smart devices—with a high enterprise renewal rate.Kling AI Continues Rapid Iteration, Delivering High Visual Quality with Exceptional Cost Efficiency.Kling AI continues to iterate rapidly, enhancing both quality and efficiency. Following the April launch of Kling 2.0—with major improvements in semantics, motion, and aesthetics—the new 2.1 series raises the bar on cost-effectiveness and speed. Kling 2.1 generates 5-second videos for just 20 Inspiration Points (720p) or 35 Points (1080p)—offering high performance at no added cost. In high-quality mode, videos render in under one minute, well ahead of industry peers. As a global leader in visual AI, Kling now offers a broader, more efficient solution set, meeting diverse content creation needs with superior value and speed.MVL Framework Unlocks Broad Commercial Potential.Kuaishou’s newly launched MVL (multi-modal visual language) framework enables richer expression by integrating various input formats—text, images, videos, sounds, and motion data—into the creative workflow. This approach better captures and realizes creative intent compared to text alone. Kling AI 2.0 adopts this framework to support more precise and expressive content creation. Commercial applications span advertising, professional content creation, film and television production, and entertainment. With the official launch of Kling 2.0 on April 15, AI monetization is expected to accelerate significantly in FY2025.AI Enhances E-commerce Efficiency.AI-generated content is also empowering Kuaishou’s e-commerce operations. AIGC improves merchant efficiency by reducing operating costs through automated content creation, intelligent matching, and virtual customer service. Using video recognition and DeepSeek’s semantic understanding, Kuaishou can automatically generate highlight clips from livestreams to showcase product features and capture long-tail traffic. As of 1Q25, daily GMV from AI-generated livestream clips has increased by over 300% year-over-year.Attractive Valuation Supported by AI and E-commerce Momentum.With continued GMV growth exceeding 15% year-over-year and rapid AI business expansion, Kuaishou’s valuation appears attractive. Among its three core segments, “Other Services” is expected to be the fastest-growing, driven by Kling AI and e-commerce synergies. We forecast revenue from “Other Services” to grow 18% year-over-year in FY2025. Kuaishou is typically valued using the EV/EBITDA method. The stock currently trades at HK$51.65 per share, with a market capitalization of approximately HK$221.6 billion. Market consensus expects EBITDA of HK$32.0 billion and HK$37.7 billion for FY2025 and FY2026, implying EV/EBITDA multiples of 5.5x and 4.7x, respectively—well below the industry average of 9.8x and 8.3x. Please refer to the valuation section for further details.04/06/2025 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
Wed, Jun 4
GLOBAL MARKETS-Asian stocks up, dollar soft as trade uncertainty mounts
South Korea stocks hit 10-month high after electionTrade uncertainty weighs as deadline for US offers loom Investors pin hopes on Xi-Trump call this week By Ankur Banerjee SINGAPORE, June 4 (Reuters) - Asian stocks inched higher on Wednesday and the dollar wobbled near six-week lows as traders br...Reuters
Wed, Jun 4
Aussie uranium miners gain after Meta signs nuclear power deal with US firm
** Shares of Australian uranium miners Paladin Energy PDN.AX, Boss Energy BOE.AX and Deep Yellow DYL.AX rise between 4.7% and 6.9%** Tech giant Meta META.O inks a deal with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years** Uranium, a key fuel f...Reuters
Wed, Jun 4
Kospi Index Rises Over 2% After Lee Jae-Myung Won South Korea Presidency
TradingKey - The candidate from South Korea's Democratic Party, Lee Jae-myung, has officially been confirmed as the winner of the 21st South Korean presidential election and will assume office immediately. Investors' confidence was boosted by Lee’s victory, as he seeks to end political turmoil and..TradingKey
Wed, Jun 4
Vanguard new ex-China ETF followed push from Missouri Republicans
Missouri Treasurer pushed for Vanguard to add ex-China option to rosterSix weeks elapsed between request and Vanguard ETF filingAdding ex-China products has been a trend among asset managersBy Suzanne McGee and Ross Kerber June 3 (Reuters) - Investment manager Vanguard's new exchange-traded f...Reuters
Wed, Jun 4
How Much Should Retirees Have Invested by Age 65?
Retirement is something you hear about often throughout your working life. It's easy to push those retirement thoughts away during your younger years, but waiting too long to get serious about your financial future can have serious consequences.The typical U.S. household has median retirement saving...The Motley Fool
Wed, Jun 4
Is Nvidia Stock a Buy Now?
It's been exactly two and a half years since OpenAI launched ChatGPT. Since this seminal moment, there has been no topic hotter in markets and the economy than artificial intelligence (AI). That's because everyone is realizing just how revolutionary this technology could be.Consequently, there is in...The Motley Fool
Wed, Jun 4
President Trump Delivers Worrying News to Apple Stock Investors
Apple (NASDAQ: AAPL) has faced a series of headwinds in the past two years. Some investors believe the company is losing ground to its competitors in the rapidly growing artificial intelligence (AI) field; iPhone sales are no longer the growth driver they once were; and lawmakers and regulators have...The Motley Fool
Wed, Jun 4
Tesla Stock Is Going Parabolic. Is Now the Time to Buy?
For the last few weeks, the stock market has shown signs of strength as new trade deals come together in response to President Donald Trump's tariff policies.In May, the S&P 500 and Nasdaq Composite rose 5% and 8%, respectively. Among some of the biggest gainers were artificial intelligence (AI) sto...The Motley Fool
Wed, Jun 4
PRECIOUS-Gold steady as US-China trade uncertainty offsets strong US jobs data
June 4 (Reuters) - Gold prices held steady on Wednesday as the uncertainty over U.S.-China trade relations offset the impact of strong U.S. jobs data that boosted risk appetite.FUNDAMENTALS* Spot gold XAU= was steady at $3,354.51 an ounce as of 0108 GMT. U.S. gold futures GCcv1 were also steady at $...Reuters
Wed, Jun 4
Australia's Nick Scali hits record high as Citi upbeat on domestic business
** Shares of Nick Scali NCK.AX rise 1.7% to a lifetime high of A$19.54** Stock eyes strongest trading session since May 20, if gains hold** Citi sees housing conditions improving in Australia beyond the next six months, which should drive top-line growth and operating leverage for Nick Scali** Broke...Reuters
Wed, Jun 4
Australia's Chimeric Therapeutics surges on FDA's 'fast track' tag for neuroendocrine tumour drug
** Shares of Chimeric Therapeutics CCU.AX rise 12.5% to A$0.005, hitting their highest level since May 29** Stock eyes strongest trading session since May 15, if gains hold** Biotech firm says U.S. Food and Drug Administration has granted "fast track" status to co's CDH17 drug for the tr...Reuters
Wed, Jun 4
Is Now a Good Time to Buy Quantum Computing Stocks? History Suggests What Could Happen Next.
While there have been fleeting moments of euphoria in the stock market in 2025, it's been a pretty tough year overall. One particular area that has managed to outmaneuver this year's volatility, however, is quantum computing.As of the closing bell on May 27, the Defiance Quantum ETF had returned app...The Motley Fool
Wed, Jun 4
3 Top Real Estate Dividend Stocks to Buy for Super Easy Passive Income in June
Investing in real estate can be a great way to make passive income. There are lots of options, including buying a rental property. While investing in rental properties can be lucrative, it requires more work than other strategies. An easy way to make passive income from real estate is to invest in r...The Motley Fool
Wed, Jun 4
Where Will Energy Transfer Be in 1 Year?
Energy Transfer (NYSE: ET) is a midstream master limited partnership (MLP) with a lofty 7.5% distribution yield. There are a couple of big-picture reasons to dislike the business, but there are also some notable reasons to like it. One big reason to be positive is the growth opportunity in the years...The Motley Fool
Wed, Jun 4
Where Will Costco Wholesale Stock Be in 5 Years?
Maybe it's those famous $1.50 hot dog meals, but Costco Wholesale (NASDAQ: COST) continues to flex its muscles.The leading membership warehouse retailer reported impressive numbers in its most recent earnings report, highlighting the company's robust customer base at a time when consumers are pullin...The Motley Fool
Wed, Jun 4
MECOM Power and Construction Limited commenced production of Smart facade access system, partnering with China Academy of Building Research to explore business opportunities in China and Overseas
（4 June 2025 – Hong Kong） ）MECOM Power and Construction Limited (“MECOM” or the “Company”, stock code: 1183.HK, together with its subsidiaries, collectively the “Group”) is a renowned integrated construction enterprise actively expanding the business into various segments with high growth potential, which include electric vehicle charging, construction of smart data centers and new construction materials industry chain. The Group is pleased to announce the cooperation with the state-owned enterprise, China Academy of Building Research（“CABR”）, and commenced the production of smart facade access system. The products will be delivered to Southern China, the Middle East and Africa. Future plans include ongoing research and the launch of specialized machinery like intelligent robots.MECOM and Beijing CABR Building Maintenance Machinery Technology Co., Ltd. （“Beijing CABR”）, the wholly-owned subsidiary of CABR signed a strategic cooperation agreement. According to the agreement, MECOM will produce a series of highly complex intelligent facade access systems tailored for skyscrapers, hotels, and various types of high-rise buildings. The systems will be equipped with features such as Telescopic Jib, Luffing Jib, Comprehensive Structure, or Ladder System. This collaboration reflects MECOM's engineering and construction capabilities, as well as quality control standards, which have been fully recognized by CABR.Smart facade system is a significant achievement of the national strategy ‘Made in China 2025’. It was utilized in numerous key domestic construction projects, such as Asian Infrastructure Investment Bank in Beijing, National trading center-3, Shenzhen OCT building. In addition, it was applied in various structures in Europe, the Middle East and Southeast Asia, acknowledging the international standard and technology.Through digital transformation, Smart facade system can intelligently recognize surface cleanliness levels, automatically change cleaning devices, prevent secondary pollution from cleaning wastewater, thus enhancing the efficiency of maintaining high-rise building facades. Additionally, the equipment features intelligent monitoring capabilities, enabling real-time assessment of external operating environments, remote diagnostics, swift fault rectification, and comprehensive lifecycle management of the Smart facade system.Mr. Kuok Lam Sek, Chairman of the Board and Executive Director of MECOM, said ‘This collaboration fully acknowledges MECOM's robust engineering and construction capabilities as well as quality control expertise. The partnership between China Academy of Building Research, the national-level leading research and development institution for construction machinery, and MECOM represents a formidable alliance. We are strategically establishing a base in Jiangmen, which will be the sole production facility in Southern China for smart facade system and specialized construction operation robots. Together, we will explore vast market opportunities in the construction sector of Hong Kong, Macau, and Southeast Asia regions.’Smart facade systems can intelligently recognize surface cleanliness levels andenable remote diagnosis. Beijing CABR Building Maintenance Machinery Technology Co., Ltd.（“Beijing CABR”）Beijing CABR, established in 1996, belonging to Beijing Building Mechanization Research Institute Co., Ltd. , which is affiliated to China Academy of Building Research, is the leading enterprise comprehensive with R&D, design, manufacture and sales. It has finished over 1500 projects, including plenty of landmarks in China, including Asian Infrastructure Investment Bank, National trading center-3, Sinolink building, canton tower, tencent building, Shenzhen OCT building, Changsha IFS center, Wuhan Heartland, Canton-Singapore knowledge city, etc.Beijing CABR has successfully exported its facade access systems overseas, earning international recognition for both its products and technology. The products have been utilized in major engineering projects across multiple countries, such as Egypt new CBD、Russian National Space Center, Bahrain Forbes tower and high-rise buildings in Southeast Asia countries including Singapore and Malaysia. About MECOM Power and Construction LimitedMECOM is a well-known integrated construction contractor in Macau and listed on the Hong Kong Stock Exchange on February 13, 2018. It specializes in the construction and maintenance of difficult and complex construction projects (especially including steel structures), high voltage power substation construction projects, facilities management and maintenance works for large-scale hotel/entertainment venues. MECOM has established a production facility in Jiangmen, Guangdong Province, expanding to research and development of new structural materials, electric vehicle charging and distribution business, as well as undertaking data center construction projects and maintenance.Company Website: http://www.mecommacau.com/index.htmlThis press release is issued by DLK Advisory Limited on behalf of MECOM Power and Construction Limited.Michelle Shi (michelleshi@dlkadvisory.com) Karen Wong (karenwong@dlkadvisory.com) Tel：+852 2857 7101Fex：+852 2857 710304/06/2025 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
Wed, Jun 4
Better Artificial Intelligence Stock: Alphabet vs. Meta Platforms
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Meta Platforms (NASDAQ: META) are, without a doubt, two of the most dominant enterprises on the face of the planet. This is evidenced by their remarkable journeys in the past couple of decades to get to a combined market cap of $3.6 trillion. They have bot...The Motley Fool
Wed, Jun 4
