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2024 Q3 Gross profit 65,779 is up compare to 2023 Q3 63,821. The reason for the profit drop was due to FOREX LOSS. If excluded the Forex loss this consider excellent quarter with growth.
未来展望: The Group remains committed to optimising manufacturing processes and controlling input costs as part of our strategy to mitigate the negative impacts of currency fluctuations and inflationary pressures. With a healthy order pipeline and continued market demand for our specialised machinery solutions, we are positioned to navigate the challenges ahead and look forward to a steady performance in Q4 2024. As of 20 November 2024, the Group’s outstanding order book stood at approximately RM780 million and is expected to last until first half 2026.
Conclusion of US elections should spur customer capex activity. Prospects of heightened tariffs under a second Trump administration will spur supply chain realignment activities. He has already announced he will slap a 25% tariff on imports from Mexico and Canada, coupled with an additional 10% tariff on Chinese imports the day he is inaugurated. We expect to see more US reshoring activities, as production is brought back to the US. Given its US customer base, Greatech is a beneficiary of this, as we expect customer capex plans to resume, after stalling for the large part of 2024.
BMW (ETR:BMWG) has publicly praised the capabilities of Tesla (NASDAQ:TSLA)'s Full Self-Driving (FSD) technology, version 13.2, in a social media post that reached its 2.6 million followers.
"[V]ery impressive," BMW posted on X in response to a video of FSD 13.2 from AI DRIVR.
The commendation from the German automaker has led to speculation about a potential licensing agreement between BMW and Tesla, although no official deal has been announced.
The investment bank noted investor enthusiasm around Tesla's role in AI, renewable energy, and onshoring trends, emphasizing its potential to expand into broader markets beyond automotive.
"Elon Musk's entry into the political sphere has expanded investor thinking around Tesla's fundamental outlook," said the bank.
They anticipate Tesla's leadership in the autonomous and electric mobility sectors will grow amid evolving U.S. policies, cementing its position in the industrial landscape.
With Tesla (NASDAQ:TSLA)'s stock closing in on the $400 per share mark, Investing.com's poll this week aims to assess the investor sentiment regarding how far it can run by the end of the year.
Tesla shares closed Monday's session at $389.79 after climbing as high as $404 a share earlier in the day. Premarket Tuesday, the stock is up 1% at $393.74.
So, with a close above $400 potentially on the horizon: Will Tesla Hit $500 per Share By The End of 2024?
Morgan Stanley (NYSE:MS) raised its target for Tesla to $400, although they reiterated it as a top pick.
Meanwhile, Cantor Fitzgerald's latest price target increase suggests they do not expect Tesla to hit $500 a share. The firm raised its target on Tesla to $365 from $255 while maintaining a Neutral rating.
The firm said in a note today that they are becoming more bullish on Robotaxi and SelfDriving. However, they remain neutral on the electric vehicle company's valuation and await a better e
We are becoming more bullish on Tesla's Robotaxi segment, following President-elect Trump's plans to potentially develop a federal framework for self-driving vehicles in the United States, and an update to the company's FSD software," said Cantor Fitzgerald. "If [the] framework is established by the Transportation Department, then we see Tesla as a major beneficiary."
They added: "Last week TSLA released an update to its autonomous software via FSD version 13.2, which includes several enhanceme
(Reuters) - U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday.
EIA projected power demand will rise to 4,086 billion kilowatt-hours in 2024 and 4,165 billion kWh in 2025. That compares with 4,012 billion kWh in 2023 and a record 4,067 billion kWh in 2022.
With growing demand from artificial intelligence and data centers and as homes and businesses use more electricity for heat and trans
The percentage of renewable generation will rise from 22% in 2023 to 23% in 2024 and 25% in 2025, while nuclear power's share will hold at 19% in 2024 and 2025, the same as 2023, according to the energy outlook.
EIA projected 2024 gas sales would ease to 12.1 billion cubic feet per day for residential consumers and 23.3 bcfd for industrial customers, hold at 9.1 bcfd for commercial customers and rise to 37.0 bcfd for power generation.
(Reuters) - Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday.
China continued to lead sales growth, accounting for almost 70% of total EV sales in the month, while registrations in Europe showed a marginal decline.
WHY IT'S IMPORTANT
The electric car market is undergoing critical transformation as incremental deman