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European indices opened mixed on Sep 7: CAC 40 8,267.38, down 11.39 pts (-0.14%); STOXX Europe 50 6,390.55, down 2.38 pts (-0.04%); IBEX 35 20,042.30, down 8.40 pts (-0.04%); FTSE MIB 52,161.50, up 61.07 pts (+0.12%); FTSE 100 10,809.05, down 22.04 p

2026-09-07

European indices opened mixed on Sep 7: CAC 40 8,267.38, down 11.39 pts (-0.14%); STOXX Europe 50 6,390.55, down 2.38 pts (-0.04%); IBEX 35 20,042.30, down 8.40 pts (-0.04%); FTSE MIB 52,161.50, up 61.07 pts (+0.12%); FTSE 100 10,809.05, down 22.04 pts (-0.20%); DAX 26,005.64, down 42.74 pts (-0.16%).

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2026-09-07

Feikai Materials said it has independently developed ultra-low-alpha microspheres with minimum diameter down to 50 μm, targeting advanced semiconductor packaging processes, and the product has entered mass production.

Feikai Materials said it has independently developed ultra-low-alpha microspheres with minimum diameter down to 50 μm, targeting advanced semiconductor packaging processes, and the product has entered mass production.
2026-09-07

Haitong International cut its target price for NIO (09866.HK) to HK$32.7 from HK$46.22 and maintained a MAINTAIN rating after issuing updated guidance. NIO offered Q3 delivery guidance of 108k–111k units, up 24.0–27.5% YoY but only 0.3–3.1% QoQ. Reve

Haitong International cut its target price for NIO (09866.HK) to HK$32.7 from HK$46.22 and maintained a MAINTAIN rating after issuing updated guidance. NIO offered Q3 delivery guidance of 108k–111k units, up 24.0–27.5% YoY but only 0.3–3.1% QoQ. Revenue guidance of 33.29–34.05 bln yuan implies average selling price up roughly 2–3% QoQ. Management expects H2 per-vehicle costs to rise about 2,000–3,000 yuan versus Q2, plans to hold Q3–Q4 auto gross margin near 18%, and still sees full-year non-GAAP operating profit as positive; however, with thin Q2 profitability, limited Q3 QoQ volume growth and rising costs, visibility on sustained H2 profitability is low. Demand for ES8 and ES9 is relatively stable, but NIO’s Q4 target of >40k units per month depends on recovery of LeDao issues and a Firefly component ramp. Haitong trims its 2024 delivery estimate 7% to 424k units and now forecasts 2026–28 revenue of 123.9 bln, 155.0 bln and 155.2 bln yuan (revisions -2%, +13%, +13%).
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