champc/iStock via Getty Images As earnings season ramps up and geopolitical tensions keep affecting the markets, below is a list of the top 10 information technology stocks that are regarded as cheap high flyer stocks according to SA grading system. Each of these stocks is listed according to the highest momentum grade along with their valuation grade. The list includes companies from the technolo...
champc/iStock via Getty Images As earnings season ramps up and geopolitical tensions keep affecting the markets, below is a list of the top 10 information technology stocks that are regarded as cheap high flyer stocks according to SA grading system. Each of these stocks is listed according to the highest momentum grade along with their valuation grade. The list includes companies from the technology sector with varying market capitalizations, ranging from small-cap firms to industry giants. The list is topped by Comtech Telecommunications ( CMTL ), CPS Technologies ( CPSH ), and Hut 8 ( HUT ), all carrying an A+ momentum grade. Hut 8 ( HUT ) stands out with a Strong Buy quant rating of 4.93 and a market cap of $6.07B. Other notable companies in the top ten include Micron Technology ( MU ), which boasts the largest market capitalization at $492.75B and a Strong Buy rating of 4.99. Vistance Networks ( VISN ) and Viasat ( VSAT ) also earned A+ momentum grades, with Viasat ( VSAT ) offering the strongest valuation grade among the A+ momentum stocks at A-. Momentum and valuation grades are given on a scale from A+ to F. An A+ momentum grade represents the highest flyer stock with the best momentum, while an A+ valuation grade indicates the most undervalued or “cheapest” stock. A lower valuation grade suggests the stock may be more overvalued relative to its peers. Here is the list: Comtech Telecommunications ( CMTL ), Momentum: A+, Valuation: B CPS Technologies ( CPSH ), Momentum: A+, Valuation: B- Hut 8 ( HUT ), Momentum: A+, Valuation: B Micron Technology ( MU ), Momentum: A+, Valuation: B- Vistance Networks ( VISN ), Momentum: A+, Valuation: B+ Viasat ( VSAT ), Momentum: A+, Valuation: A- Kimball Electronics ( KE ), Momentum: A, Valuation: A Netlist ( NLST ), Momentum: A, Valuation: B ON24 ( ONTF ), Momentum: A, Valuation: B- Photronics ( PLAB ), Momentum: A, Valuation: A- Tech ETFs: ( VGT ), ( XLK ), ( IYW ), ( FTEC ), ( IXN ), and ( RSPT ) More on IT stocks The Magn...
The Met police have said they are considering whether to launch a criminal investigation into Peter Mandelson after fresh disclosures from the Jeffrey Epstein files. Which laws could he potentially be accused of breaking and on what basis? What could Mandelson be accused of? The Met have said they have received a number of reports relating to possible misconduct in public office. The SNP and Refor...
The Met police have said they are considering whether to launch a criminal investigation into Peter Mandelson after fresh disclosures from the Jeffrey Epstein files. Which laws could he potentially be accused of breaking and on what basis? What could Mandelson be accused of? The Met have said they have received a number of reports relating to possible misconduct in public office. The SNP and Reform UK reported Mandelson to the police to investigate any possible offences. Emily Thornberry, the Labour chair of the foreign affairs select committee, also said she believed his apparent actions should merit a criminal inquiry. What were the revelations that led to this point? The new disclosures from the Epstein files appeared to suggest Mandelson sent emails to the late sex offender containing confidential information that the government was receiving to deal with the global financial crash while he was business secretary under Gordon Brown. They are thought to have included: Peter Mandelson apologises for Epstein association in sudden U-turn Read more A confidential UK government document outlining £20bn in asset sales. Mandelson claiming he was “trying hard” to change government policy on bankers’ bonuses. An imminent bailout package for the euro the day before it was announced in 2010. A suggestion that the JPMorgan boss “mildly threaten” the chancellor. What is required to prove misconduct in public office? A 2004 court of appeal case said the constituent elements of the common law offence were: A public officer acting as such. [Who] wilfully neglects to perform his duty and/or wilfully misconducts himself. To such a degree as to amount to an abuse of the public’s trust in the office holder. Without reasonable excuse or justification. The offence has been widely criticised for being ill-defined and lacking clarity. It is in the process of being replaced by a new statutory offence. The current offence carries a maximum sentence of life imprisonment. According to a Spo...
Arko Petroleum Corp. , the fuel wholesaler subsidiary of convenience store firm Arko Corp. , is seeking to raise as much as $210 million in an initial public offering that could value the company close to $1 billion. The Richmond, Virginia-based fuel distributor plans to market 10.5 million shares for $18 to $20 each, according to a filing with the US Securities and Exchange Commission Tuesday. At...
Arko Petroleum Corp. , the fuel wholesaler subsidiary of convenience store firm Arko Corp. , is seeking to raise as much as $210 million in an initial public offering that could value the company close to $1 billion. The Richmond, Virginia-based fuel distributor plans to market 10.5 million shares for $18 to $20 each, according to a filing with the US Securities and Exchange Commission Tuesday. At the top of that range, Arko Petroleum would have a market value of about $910 million based on the outstanding shares listed in its filing. Arko Petroleum operates in more than 30 US states and delivers fuel to over 1,100 Arko convenience store gas stations including brands like Fas Mart and E-Z Mart. The firm also distributes fuel to over 2,000 third-party gas stations in the US and distributes wholesale fuel to unstaffed fueling locations serving commercial fleets. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Net income attributable to Arko Petroleum fell to $24.7 million on revenue of $4.27 billion for the nine months ended Sept. 30, 2025, from $32.7 million on revenue of $4.92 billion a year earlier, according to the filing. The firm delivered 1.5 billion gallons of fuel in the first nine months of 2025, compared to 2.1 billion gallons in the 2024 full-year period. Arko Corp. is expected to maintain a majority of the voting power in Arko Petroleum after the listing, the filing shows. Shares of Arko Corp. gained 7% in premarket trading on Tuesday. The firm’s shares fell 31% in 2025. Arko Petroleum plans to pay a quarterly dividend of $0.50 per share after the listing. The offering pricing date is Feb. 11, according to terms seen by Bloomberg News. The offering is being led by UBS Group AG , Raymond James Financial Inc. and Stifel Financial Corp. The company is expected to trade on the ...
Stock index futures were higher on Tuesday as investors looked to build on recent gains. Here are the four stocks to watch on the day: Merck ( MRK ) shares fell ~0.7% in premarket trading after the drugmaker issued a full-year 2026 outlook that came in below Wall Street expectations. The Rahway, New Jersey-based company forecasts adjusted EPS of $5.00 to $5.15 on revenue of $65.5 billion to $67 bi...
Stock index futures were higher on Tuesday as investors looked to build on recent gains. Here are the four stocks to watch on the day: Merck ( MRK ) shares fell ~0.7% in premarket trading after the drugmaker issued a full-year 2026 outlook that came in below Wall Street expectations. The Rahway, New Jersey-based company forecasts adjusted EPS of $5.00 to $5.15 on revenue of $65.5 billion to $67 billion for 2026. HP ( HPQ ) shares dropped 2.6% in early action after the company announced that Enrique Lores has stepped down as CEO and a member of its board of directors, effective immediately. Board member Bruce Broussard will serve as interim CEO. Separately, PayPal announced Lores would take the top job at the payments giant, replacing Alex Chriss. Pfizer ( PFE ) shares fell 4.6% in premarket trading after the company reaffirmed its full-year outlook, indicating a revenue contraction for 2026 amid a nearly $1.5 billion impact attributed to some of its products facing loss of market exclusivity. However, the New York-based pharma giant beat expectations with its Q4 2025 results. PayPal ( PYPL ) stock tumbled 16.9% before the opening bell after the fintech issued disappointing guidance, delivered weaker-than-expected Q4 earnings and revenue, and replaced its CEO. The board replaced Alex Chriss, who led PayPal for two and a half years. More Related Stories HP Inc.: A Share Cannibal Trading At Cycle Lows PayPal: Golden Buying Opportunity Before Q4 Earnings Pfizer: Buyer Beware, The Risk Outweighs The Reward PayPal stock sinks after Q4 earnings, guidance disappoint; CEO exits Pfizer projects annual revenue decline amid $1.5B hit from patent cliffs
is a senior reviewer with over twenty years of experience. She covers smart home, IoT, and connected tech, and has written previously for Wirecutter, Wired, Dwell, BBC, and US News. Posts from this author will be added to your daily email digest and your homepage feed. All the smart home news, reviews, and gadgets you need to know about Google Home users, your long nightmare is over. The platform ...
is a senior reviewer with over twenty years of experience. She covers smart home, IoT, and connected tech, and has written previously for Wirecutter, Wired, Dwell, BBC, and US News. Posts from this author will be added to your daily email digest and your homepage feed. All the smart home news, reviews, and gadgets you need to know about Google Home users, your long nightmare is over. The platform has finally added support for buttons. The release notes for a February 2 update state that several new starter conditions for automations are now available, including “Switch or button pressed.” Smart buttons are physical, programmable switches that you can press to trigger automations or control devices in your smart home, such as turning lights on or off, opening and closing shades, running a Good Night scene, or starting a robot vacuum. A great alternative to voice and app control when you want to control multiple devices, smart buttons are often wireless and generally have several ways to press them: single press, double press, and long press, meaning one button can do multiple things. Most smart home platforms support using buttons to control connected devices, including Apple Home, Amazon Alexa, Samsung SmartThings, and Home Assistant. With the arrival of Matter, an interoperability standard for connected devices, it’s become easier to control all of your devices with buttons (called a generic switch in the Matter spec). However, Google Home has frustratingly not had this functionality — until now. The release notes specify that the following function is now supported in the Google Home app (but not by Ask Home or Help Me Create, Google’s Gemini for Home-powered automation features): “Switch or button is pressed**: e.g. “When double tapping the switch…”, “When holding down the button on a dimmer switch…”, or “When the button is released…” ** Available as a starter only: Single or multi-press / Long press / Long press release One reason Google may have finally made th...
Key Points Wilson Asset Management sold 114,425 shares of BellRing Brands in the fourth quarter. The estimated transaction was valued at about $4.16 million based on last-disclosed values. The position previously accounted for 1.03% of the fund's AUM as of the prior quarter. These 10 stocks could mint the next wave of millionaires › On February 2, Wilson Asset Management reported selling its entir...
Key Points Wilson Asset Management sold 114,425 shares of BellRing Brands in the fourth quarter. The estimated transaction was valued at about $4.16 million based on last-disclosed values. The position previously accounted for 1.03% of the fund's AUM as of the prior quarter. These 10 stocks could mint the next wave of millionaires › On February 2, Wilson Asset Management reported selling its entire stake in BellRing Brands (NYSE:BRBR), disposing of 114,425 shares worth an estimated $4.16 million. What happened According to a Securities and Exchange Commission (SEC) filing dated February 2, Wilson Asset Management eliminated its position in BellRing Brands by selling 114,425 shares. The fund's quarter-end position in BellRing Brands fell by $4.16 million, a figure that factors in both the trade and any stock price movement. What else to know Top holdings after the filing: NASDAQ: GOOGL: $38.09 million (9.8% of AUM) NASDAQ: INTU: $26.77 million (6.9% of AUM) NYSE: PWR: $23.31 million (6.0% of AUM) NYSE: ICE: $20.16 million (5.2% of AUM) NYSE: MSCI: $19.98 million (5.1% of AUM) As of February 2, shares of BellRing Brands were priced at $24.39, down 68.8% over the previous year and vastly underperforming the S&P 500’s roughly 15% gain in the same period. Company overview Metric Value Market Capitalization $2.92 billion Price (as of February 3) $24.39 Revenue (TTM) $2.32 billion Net Income (TTM) $216.20 million Company snapshot BellRing Brands offers ready-to-drink shakes and powder protein products under the Premier Protein and Dymatize brands, with nutrition products as the primary revenue driver. The company operates a branded consumer packaged goods model, generating income through wholesale and retail distribution across club, food, drug, mass, eCommerce, specialty, and convenience channels. It targets health-conscious consumers and fitness enthusiasts in the United States and internationally, distributing products through both physical and online retail partners. B...
This article first appeared on GuruFocus. Palantir Technologies Inc. (NASDAQ:PLTR) delivered an outlook that could reshape near-term investor expectations after a muted start to the year, projecting fiscal 2026 revenue of about $7.19 billion, implying 61% annual growth and landing well above the $6.27 billion consensus. The company also guided current-quarter revenue to roughly $1.53 billion, ahea...
This article first appeared on GuruFocus. Palantir Technologies Inc. (NASDAQ:PLTR) delivered an outlook that could reshape near-term investor expectations after a muted start to the year, projecting fiscal 2026 revenue of about $7.19 billion, implying 61% annual growth and landing well above the $6.27 billion consensus. The company also guided current-quarter revenue to roughly $1.53 billion, ahead of expectations, following a fourth quarter that saw revenue climb 70% to $1.41 billion and earnings per share reach 25 cents versus estimates of 23 cents. Shares rose about 5% in extended trading after closing at $147.77, though the stock remained down 17% year to date and about 29% below its November peak, while still trading at roughly 141 times expected earnings. The quarter pointed to momentum across both sides of Palantir's US business. US government revenue came in at $570 million, exceeding the $521.5 million analysts were expecting, while US commercial revenue reached $507 million compared with a $478.7 million consensus. Speaking after the results, Chief Technology Officer Shyam Sankar said usage of Maven, an AI-enabled mission control system used by the US military, is at an all-time high, with further rollout expected this year. That traction could reinforce Palantir's positioning as one of the most visible public-market beneficiaries of the AI boom, even as its revenue base remains heavily tied to government contracts. At the same time, the broader narrative around Palantir remains complex. The company's work with US Immigration and Customs Enforcement and other agencies has drawn criticism, particularly amid immigration enforcement under US President Donald Trump. In a shareholder letter, Chief Executive Officer and co-founder Alexander Karp described the company's accelerating revenue as a cosmic reward, while arguing its software could help prevent unconstitutional intrusions into citizens' private lives, without specifying how. Investor debate has also be...
Dzmitry Dzemidovich/iStock via Getty Images Year in Review Although bumpy at the outset, 2025 was a great year for stocks and bonds: Some notable market events included President Trump’s inauguration, the announcement of tariffs on nearly all of our global trading partners followed by Liberation Day a week later, a government shutdown, the passage of The One Big Beautiful Bill, Federal Reserve rat...
Dzmitry Dzemidovich/iStock via Getty Images Year in Review Although bumpy at the outset, 2025 was a great year for stocks and bonds: Some notable market events included President Trump’s inauguration, the announcement of tariffs on nearly all of our global trading partners followed by Liberation Day a week later, a government shutdown, the passage of The One Big Beautiful Bill, Federal Reserve rate cuts, and unrest in the streets of Los Angeles Not to be fazed by the headlines, large cap and growth stocks continued to dominate here in the US, up around 18% for the year Weakening of the U.S. dollar drove significant outperformance by international stocks for the first time since 2017. Small cap stocks rallied 14.9% in the second half of the year based primarily on the anticipation of interest rate cuts that began in September, ending the year up 12.8% Lower rates also resulted in strong gains from bonds, with corporate bonds beating Treasuries and longer-term bonds beating short maturities. Short-term Treasuries gained 5.2%, while intermediate-term corporate bonds gained 8%. Portfolio Commentary We came into the year expecting a cooler stock market than what we had seen in 2023-2024, when the market, as measured by the S&P 500, gained 26.3% and 25%, respectively. I suppose we were right, but I think 18% is probably more than we were anticipating. The first quarter appeared to be on track with that forecast as the market declined, with growth stocks hit particularly hard while more defensive areas of the market proved resilient. As March came to a close, we took advantage of more reasonable valuations by reducing our underweight to growth stocks while trimming dividend payers on the heels of a period of relative strength. A few weeks later, in early April, we opportunistically added to equities from bonds as widespread fear and uncertainty over tariff announcements pushed equities well into bear market territory. Fast forward 9 months, the S&P 500 gained over 30% from...
Key Points American Tower is a leading infrastructure REIT. The company's CoreSite data center platform is building AI-enabled data centers. These facilities could provide Wall Street firms with the speed they need. 10 stocks we like better than American Tower › AI stocks have been the hot trade over the past year. That's due to surging demand for chips by companies building AI models and applicat...
Key Points American Tower is a leading infrastructure REIT. The company's CoreSite data center platform is building AI-enabled data centers. These facilities could provide Wall Street firms with the speed they need. 10 stocks we like better than American Tower › AI stocks have been the hot trade over the past year. That's due to surging demand for chips by companies building AI models and applications. However, chips and related hardware are only part of the AI story. Companies need infrastructure to house all this high-tech hardware and transmit all their AI-related data. That plays right into American Tower's (NYSE: AMT) strategy. The infrastructure REIT is quietly building data centers to support AI workloads. In doing so, it's about to become Wall Street's secret weapon. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Hiding in plain sight American Tower is one of the world's largest REITs. It's a leading independent owner, operator, and developer of multitenant communications real estate with a global portfolio of over 149,000 sites. Additionally, it owns a highly interconnected footprint of U.S. data center facilities. The REIT bought its data center platform in 2021 through its $10.1 billion acquisition of CoreSite. The data center REIT owned 25 data centers across eight major U.S. markets. While it was a sizable deal, it wasn't a major deviation from the REIT's strategy. American Tower bought CoreSite to support the accelerating global deployment of 5G networks. The deal followed its $9.4 billion purchase of Telxius Towers earlier in the year and its $3.5 billion purchase of InSite Wireless Group the previous year. 5G was also the primary focus of those tower deals. Building a secret weapon to capitalize on AI While 5G was the initial rationale behind buying CoreSite, the company has since started to leverage its expertise in building data centers to develop facilities for...
Empery Digital ( EMPD ) has announced an increase in its previously authorized share repurchase program from $150M to $200M. As of February 2, 2026, 14.26M shares of the company’s common stock have been repurchased by the company at an average purchase price per share of $6.90. Following this increase, around $102M remains available under the share repurchase program. More on Volcon Empery Digital...
Empery Digital ( EMPD ) has announced an increase in its previously authorized share repurchase program from $150M to $200M. As of February 2, 2026, 14.26M shares of the company’s common stock have been repurchased by the company at an average purchase price per share of $6.90. Following this increase, around $102M remains available under the share repurchase program. More on Volcon Empery Digital: Bitcoin Futures Point To Lack Of Dip Buying Empery Digital announces $150M on share buyback Empery Digital announces update on share repurchase program Seeking Alpha’s Quant Rating on Volcon Financial information for Volcon
Charli XCX wore a see-through black dress at last year's Brit Awards, and addressed the controversy over her outfit during one of her speeches on the night. "I heard that ITV were complaining about my nipples. I feel like we're in the era of 'free the nipple' though, right?" she said.
Charli XCX wore a see-through black dress at last year's Brit Awards, and addressed the controversy over her outfit during one of her speeches on the night. "I heard that ITV were complaining about my nipples. I feel like we're in the era of 'free the nipple' though, right?" she said.
Cipher Mining Inc. is seeking to raise $2 billion in the US junk bond market to help fund construction of a data center tied to Amazon.com Inc. The firm plans to sell notes maturing in 2031 in a private offering to finance the remaining cost of its Black Pearl facility, a computing data center in Wink, Texas, the company said in a statement . The cryptocurrency miner last tapped the high-yield bon...
Cipher Mining Inc. is seeking to raise $2 billion in the US junk bond market to help fund construction of a data center tied to Amazon.com Inc. The firm plans to sell notes maturing in 2031 in a private offering to finance the remaining cost of its Black Pearl facility, a computing data center in Wink, Texas, the company said in a statement . The cryptocurrency miner last tapped the high-yield bond market in November, raising roughly $1.7 billion in debt as part of a push to expand its compute capacity. In November, Cipher signed an agreement to build 300 megawatts of gross data center capacity at the Black Pearl facility that will be leased to Amazon Web Services for at least 15 years.
(RTTNews) - AbbVie (ABBV) on Tuesday said it has submitted applications to the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) seeking approval of Rinvoq for the treatment of adult and adolescent patients with non-segmental vitiligo (NSV). The submissions are based on data from the Phase 3 Viti-Up studies, which showed that upadacitinib met the co-primary endpoints of a...
(RTTNews) - AbbVie (ABBV) on Tuesday said it has submitted applications to the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) seeking approval of Rinvoq for the treatment of adult and adolescent patients with non-segmental vitiligo (NSV). The submissions are based on data from the Phase 3 Viti-Up studies, which showed that upadacitinib met the co-primary endpoints of at least 50% improvement in total body repigmentation and at least 75% improvement in facial repigmentation from baseline at week 48. Rinvoq is a prescription medicine approved for a range of immune-mediated inflammatory diseases, including rheumatoid arthritis, Crohn's disease, and ulcerative colitis among others. AbbVie shares closed at $225.64 on Monday, up 1.18%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Esteban Alejandro/iStock via Getty Images The Devon Energy Corporation ( DVN ) shopping spree continues with the announcement of the merger of Devon and Coterra Energy Inc. ( CTRA ). My last article covered the Grayson Mill acquisition back in July 2024. I was less than thrilled with that idea. Then along came activist Kimmeridge Energy. Kimmeridge took a position in both companies while writing a...
Esteban Alejandro/iStock via Getty Images The Devon Energy Corporation ( DVN ) shopping spree continues with the announcement of the merger of Devon and Coterra Energy Inc. ( CTRA ). My last article covered the Grayson Mill acquisition back in July 2024. I was less than thrilled with that idea. Then along came activist Kimmeridge Energy. Kimmeridge took a position in both companies while writing a letter to the Coterra Board. The Devon Board was most likely similarly contacted as well. Activists like this often want an immediate return. Most likely Kimmeridge will wait to see if the merger results in any benefits to shareholders. Coterra had the acquisition of Cabot, which did not turn out all that well either. That likely means that putting these two companies together was a defensive move to an activist investor buying a position in each company. Rather than a benefit to shareholders, this could get ugly. Devon Energy Common Stock Price History And Key Valuation Measures (Seeking Alpha Website February 2, 2026) As shown above, clearly that 2024 acquisition really has had no material benefit to Devon since then. Now it could be that not enough time has elapsed. But Devon has been on a long-term shopping spree for some time. One would expect a different stock chart from what is shown above as a result. I am not a fan of activist shareholders as a rule because they often go for short-term value and profits at the expense of long-term benefits. Sometimes they leave a real mess behind. Diamondback Record But in this case, Kimmeridge is after two companies that have had mergers recently that really have not shown obvious benefits. I follow companies like Diamondback Energy ( FANG ) where the merger often results in a dividend increase and material profitability increases one way or another. To me, the stock price action over 10 years or so is much stronger as well. Diamondback Energy Common Stock Price History And Key Valuation Measures (Seeking Alpha Website February 2...
Boyd Gaming Corporation BYD is scheduled to report fourth-quarter 2025 results on Feb. 5, after the closing bell. BYD’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise being 9.6%. Trend in the Estimate Revision of BYD The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is pegged at $1.88, indicating a decline of 4.1% f...
Boyd Gaming Corporation BYD is scheduled to report fourth-quarter 2025 results on Feb. 5, after the closing bell. BYD’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise being 9.6%. Trend in the Estimate Revision of BYD The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is pegged at $1.88, indicating a decline of 4.1% from $1.96 reported in the year-ago quarter. For revenues, the consensus mark is pegged at nearly $1.01 billion. The metric implies a decline of 3.3% from the year-ago quarter’s figure. Let’s take a look at how things have shaped up in the quarter. Factors Likely to Shape Boyd Gaming’s Q4 Quarterly Results Boyd Gaming’s fourth-quarter 2025 revenues are likely to have been supported by continued strength in its core customer base and improving trends among retail players, which management noted carried over from the third quarter into October. Gaming volumes are likely to have benefited from steady visitation across Las Vegas Locals and Midwest & South properties, where disciplined marketing and efficient operations helped convert demand into revenues. Ongoing gains from recently completed and maturing investments, such as the land-based Treasure Chest casino, expanded meeting and convention space at Ameristar St. Charles, and growth in online and managed businesses, are also likely to have contributed to the performance of the to-be-reported quarter. Despite underlying strength in gaming play, Boyd’s revenues are likely to have declined year over year primarily due to weakness in destination business, especially tied to lower hotel, banquet and related non-gaming activity. Management repeatedly highlighted softness in destination visitation, which reduced hotel occupancy and ancillary spend, with the Orleans property being a notable drag. Earnings pressure in the quarter has been caused by margin headwinds from the same destination-related weakness, as hotel and convention b...
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, said executive director Maureen Fung Sau-yim resigned with immediate effect on Tuesday due to health issues, according to a stock exchange filing. “Ms Fung has confirmed that she has no disagreement with the board of the company and that she is not aware of any matters in relation to her resignation that need t...
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, said executive director Maureen Fung Sau-yim resigned with immediate effect on Tuesday due to health issues, according to a stock exchange filing. “Ms Fung has confirmed that she has no disagreement with the board of the company and that she is not aware of any matters in relation to her resignation that need to be brought to the attention of the holders of the securities of the company,” the filing said. Her resignation came a day after a Reuters report and local media cited sources who said Fung had been suspended by the developer since last week in connection with an alleged corruption case related to a shopping mall in Shanghai. Advertisement A spokesman for SHKP said the board had accepted Fung’s resignation on health grounds and would follow up on the news reports. “Concerning the related matters referenced in recent news reports, the company is looking into such matters and will follow up as may be appropriate,” the spokesman said. “The company has appointed suitable personnel to assume her duties, and daily operations continue as normal.” Advertisement Fung joined SHKP in 1991 and rose through the ranks before being appointed executive director in August 2022, according to information from the developer. She was responsible for the strategic planning, development and management of key shopping malls in Hong Kong, Shanghai, Nanjing, Beijing and Hangzhou.