Flash News

TREE NEWS reports: UnitedHealth reported third-quarter adjusted earnings per share of $4.69, beating the $4.12 market estimate, on revenue of $112.69 billion, down 0.4% year over year but above the $111.03 billion expected. The operating margin came in at 5.8%. The company guided full-year adjusted EPS to at least $20.50, up from a prior range of $19.50-$20.00 versus the $19.85 consensus, and its shares rose more than 3% in premarket trading.

TREE NEWS reports: Liang Hong, founder of the 10-billion-yuan private fund Hainan Xiwa, said in a weekly letter to fund holders that unidentified insurance asset managers bought Chinese tech stocks at July highs and then sharply cut positions in late September to stop losses. He said long-term capital that should act as a market stabilizer instead amplified the decline. Insurers declined to comment on short-term market moves.

TREE NEWS reports: Goldman Sachs chief China equity strategist Kinger Lau and team said in a report that Chinese AI-related listed companies have created nearly $5 trillion in market value through share price gains and IPOs since the “DeepSeek moment” at the start of 2025. AI stocks now account for 42% of total A-share and Hong Kong market capitalization and 57% of total turnover. China holds roughly 50% global market share in some AI power and infrastructure segments.

TREE NEWS update: Chinese game developer Glacier Network said it expects a net loss attributable to shareholders of 125 million to 178 million yuan (about $17.4M-$24.8M) for Jan. 1 to Sept. 30, 2026, versus a 502 million yuan profit a year earlier. Excluding non-recurring items, the loss is projected at 169 million to 222 million yuan. Third-quarter net loss is seen at 107 million to 152 million yuan, compared with a 166 million yuan profit a year ago.

TREE NEWS update: CNN is taking its paid streaming service beyond the United States, extending the subscription product to international markets. The network did not disclose which countries are first or a launch timetable. The move deepens CNN’s push into direct-to-consumer subscription revenue as traditional cable distribution erodes.

TREE NEWS reports: Goldman Sachs said high-bandwidth flash (HBF) and other new NAND technologies could ease the AI “memory wall” and cut AI infrastructure costs, with a potential market of $40 billion to $150 billion assuming GPU adoption of 15% to 50%. The bank maintained Buy ratings on SanDisk and SK Hynix for their HBF lead, said Samsung Electronics should also benefit, and kept Micron at Neutral given its DRAM and HBM focus.

TREE NEWS reports: Morgan Stanley said memory-chip stocks typically peak before earnings do, making them look cheapest when the cycle is at its top. Asian memory shares have risen about ninefold since the cycle began in September 2025, with consensus EPS estimates revised up 432%, while Samsung and SK Hynix trade at roughly 3-4x forward earnings. HBM pricing is near seven times its historic peak, but Morgan Stanley said DRAM contract prices would need to rise about 70% quarter-on-quarter to justify further gains.

TREE NEWS update: Metaplanet’s board approved a buyback of 96,934,800 common shares — about 7.1% of shares outstanding excluding treasury stock as of Sept. 30, 2026 — at ¥261 per share, the Oct. 13, 2026 closing price. The Japanese bitcoin treasury company will place the buy order through the Tokyo Stock Exchange’s ToSTNeT-3 off-auction mechanism at 8:45 a.m. on Oct. 14, with total consideration of roughly ¥25.2999 billion. The number of shares to be repurchased will not be adjusted, and final results will be disclosed after the session.

TREE NEWS reports: Tesla still holds roughly 8,430 bitcoin, worth about $960 million. The company bought $1.5 billion of bitcoin in February 2021, sold about 4,670 BTC between March and April 2021 for a gain of roughly $100.2 million, and moved about 30,690 BTC to Coinbase during the May 2022 LUNA collapse, when the market widely assumed it had sold most of its holdings. Tesla did not further reduce its bitcoin position during the FTX collapse in 2022.

TREE NEWS update: Character.ai filed for Chapter 11 bankruptcy protection in Delaware to pursue a sale of all or most of its assets. A Disney subsidiary has agreed to pay $20 million plus transition services for a non-exclusive perpetual license to some intellectual property and related claims, serving as initial stalking-horse bidder subject to higher offers. The sale is expected to close in late November or early December; the platform plans to keep operating, but will wind down if no buyer supports continued operations.

TREE NEWS update: JL Mag Rare-Earth said it expects attributable net profit of 735 million to 800 million yuan for the first three quarters of 2026, up 42.59% to 55.20% from 515 million yuan a year earlier. Non-recurring net profit is guided at 659 million to 724 million yuan, up 53.22% to 68.33%, with third-quarter attributable profit of 273 million to 338 million yuan. Revenue rose about 40% year on year, led by a roughly 100% jump in robotics and industrial servo motor revenue, while humanoid robot motor rotors entered small-batch delivery.

TREE NEWS reports: New Hope announced it sold 1,139,700 commercial pigs in September, down 5.51% month-on-month but up 8.94% year-on-year. Commercial pig sales revenue came to RMB 1.382 billion, down 8.20% MoM and 13.97% YoY, while the average selling price was RMB 10.34 per kilogram, down 1.15% MoM and 19.78% YoY. Cumulative sales for the first nine months reached 10.6778 million head, generating RMB 12.975 billion in revenue.

TREE NEWS reports: A Bank of America survey shows fund managers’ overweight position in technology stocks rose to 37% in October from 30% the previous month, the highest since August 2020, as investors chase the AI-driven rally. About 45% of respondents expect an AI bubble by 2027, while 42% do not. Global semiconductor shares are now the market’s most crowded trade, the survey found.

TREE NEWS reports: S&P 500 index futures erased their earlier declines and were roughly flat. The move leaves the contracts little changed on the session after the intraday recovery.

TREE NEWS update: Strategy purchased 250 bitcoin last week at an average price of $86,194, spending about $22 million and bringing its total holdings to 848,250 BTC. Bitmine Immersion Technologies said it added 12,532 ETH, lifting its Ethereum holdings to about 6.03 million tokens, roughly 4.9% of total supply, with total crypto, cash and securities holdings of about $16.2 billion.

TREE NEWS reports: Bank of America expects S&P 500 third-quarter earnings per share to rise 32% year over year to $93.50, above the 27% consensus, as the Q3 reporting season opens with JPMorgan, Goldman Sachs, Wells Fargo and Citigroup due this week. BofA said companies beating both EPS and revenue estimates outperformed the index by just 0.7 percentage point the next day, half the 1.4-point historical average, while joint misses were punished by 3.3 points.

TREE NEWS update: Hong Kong’s Securities and Futures Commission said it has taken action against two groups suspected of participating in a fraudulent scheme to create a false or misleading appearance of demand for shares in an initial public offering, and has directed the Hong Kong Stock Exchange to suspend trading in ChaPanda (02555.HK) shares from 9:00 a.m. today. The SFC said it is highly concerned that ChaPanda’s IPO may have been artificially manipulated to create an untrue picture of demand for the shares, and that the suspension is necessary or appropriate to maintain an orderly and fair market while its investigation continues.

TREE NEWS update: Xingsen Technology said it expects net profit attributable to shareholders of RMB 400 million to 430 million for the first three quarters of 2026, up 204.20% to 227.02% year on year. Non-recurring net profit is guided at RMB 420 million to 450 million, up 182.43% to 202.60%. The company credited AI infrastructure buildout, a strong PCB market, product mix optimization, price adjustments and cost cuts, and a turnaround to profit at its Yixing Silicon Valley unit.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.3% higher, while the Hang Seng Tech Index fell 0.79%. Among decliners, Manycore Tech dropped about 10%, Pony.ai about 9%, and property developers Agile Group, KWG Group and Shimao Group each fell roughly 9%, 9% and 7% respectively.

TREE NEWS reports: US premarket trading saw broad declines in memory chip stocks, with SK Hynix down about 5%. Western Digital and SanDisk each fell about 4%, while Micron Technology and Seagate Technology each dropped about 3%.