Goldman Sachs cut Hua Hong Hongli’s (01347.HK) target price to HK$289 from HK$335, a 13.7% reduction, and maintained a Buy rating. The bank trimmed net profit forecasts for fiscal 2026 and 2027 by 5% and 2%, respectively, to reflect integration of subsidiary Huali Microelectronics, and lifted the 2028 forecast by 3%. Goldman expects generative AI investment and client strategies to boost demand for embedded and discrete non-volatile memory and power-management ICs. Higher depreciation and initia

UBS cut CATL’s target price to HK$730 and trimmed 2026–28 net profit forecasts by 11–14% to RMB90–131 billion, while keeping a Buy rating. UBS reported CATL’s Q3 net profit at RMB21.2 billion (+15% YoY, -6% QoQ), about 10% below buy-side estimates; shipments exceeded 260 GWh (EV batteries ~75%, energy storage ~25%). UBS calculated unit profit fell to RMB82/kWh, a record low, citing quarterly product-mix swings, more low-value projects, a consumption tax on lithium-ion batteries effective Sept. 1, and a cut in export VAT rebate from 9% to 6%. Management reiterated confidence in 20–30% industry growth by 2027.

德國政府發言人：沒有烏克蘭人參與，烏克蘭就不會有和平。