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Market news: Microsoft (MSFT.O) is replacing OpenAI and Anthropic models with its own AI models in some applications.

2026-07-08

Market news: Microsoft (MSFT.O) is replacing OpenAI and Anthropic models with its own AI models in some applications.

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2026-07-07

Citigroup said Kingboard Laminates (01888.HK) announced price increases above expectations and raised earnings forecasts, lifting its PT to HK$130 from HK$120 while retaining a Buy rating. The bank said recent share weakness reflects rotate out of hi

Citigroup said Kingboard Laminates (01888.HK) announced price increases above expectations and raised earnings forecasts, lifting its PT to HK$130 from HK$120 while retaining a Buy rating. The bank said recent share weakness reflects rotate out of high-valuation AI hardware into non-tech, Meta selling excess compute and a sell-down by the largest shareholder Hallgain, but views the pullback as a buying opportunity. Key catalysts include potentially stronger-than-expected average selling prices for electronic fiberglass cloth, which could produce a 1H earnings beat and prompt upward revisions after 1H results. Citigroup raised 2026-28 profit forecasts by 11-12% to about 9.61 bln yuan, 14.28 bln yuan and 19.52 bln yuan. The stock is on Citigroup’s upside-catalyst watchlist, exciting Aug. 2.
2026-07-08

The U.S. crude oil production forecast for the next year in July, according to the EIA, is 14.03 million barrels per day, compared to 14.15 million barrels per day previously.

The U.S. crude oil production forecast for the next year in July, according to the EIA, is 14.03 million barrels per day, compared to 14.15 million barrels per day previously.
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