4%? Q1 revenue $446mn? I think the numbers are somehow wrong.
ST Engineering Q1 Revenue Up 4%, Misses Expectation; Shares Fall 6.29%
ST Engineering's revenue was up 4% to SG$446 million during the first quarter of the year from SG$429 million a year earlier, according to a Friday filing with the Singapore Exchange.During the period, the company secured contracts worth SG$4.4 billion, taking the order book to SG$29.8 billion as at March 31.Defense and public security segment accounted for SG$2.7 billion of the new orders.The engineering company declared an interim dividend of SG$0.04 per share for the period.
SummaryHeavy reliance on a few mega-cap tech companies poses a significant risk to Nvidia Corporation sales should investors begin to demand capital discipline from these companies.The surge in Nvidia
$IONQ Inc.(IONQ)$ $Quantum Computing Inc.(QUBT)$ ...my understanding, QC as general computing machine still needs years to develop, but using specific quantum models / machines for specific applications is here and will getting more and more versatile and powerful. It's not for common enterprises and consumers, if it's what Jesen means.
Stock Track | IONQ Inc. Plunges 8.23% as Nvidia CEO Casts Doubt on Near-Term Quantum Computing Viability
IONQ Inc.'s stock experienced a significant 8.23% plunge in the 24-hour trading session on Tuesday, underperforming the broader market.The sell-off appears to be driven by cautious comments from Nvidia CEO Jensen Huang regarding the current state of quantum computing technology. Huang expressed skepticism about the industry's ability to deliver commercially viable quantum solutions in the near future, suggesting that truly useful quantum computers may be 15 to 30 years away.Despite IonQ's recent
$Symbotic Inc.(SYM)$ ...shareprice got beaten down due to irregular revenue and cost recognition and the need to delay filing. Well, this can be regarded as a one-off incident, rather than a long-term impact on its business model or growth prospects. Its financial statements for the past quarters might need to be restated but hopefully this incident will help strengthen its management control system to prevent further reoccurrences of similar problems. So buy on dip?
$PropNex(OYY.SI)$ ...rates cut would be good to developers and property agencies. REITs and property developers have gone up quite a bit, agency stocks to follow?
Fed might cut rates as early as Sept given the weakened job market and soft inflation data. If a cut in Sep does come thru, cryptos will have a big rally. Or else, we'll have a lacklustre market until the later part of the year.