Earnings Call Insights: AST SpaceMobile (ASTS) Q1 2026 Management View “AST SpaceMobile's start to 2026 reflect our progress in scaling manufacturing and production, mobile network operator partner expansion, ground network integration, multi-partner launch and a fortress capital position.” (Founder, Chairman & CEO Abel Avellan) “We are returning to the launch pad at the Cape Canaveral in mid-June...
Earnings Call Insights: AST SpaceMobile (ASTS) Q1 2026 Management View “AST SpaceMobile's start to 2026 reflect our progress in scaling manufacturing and production, mobile network operator partner expansion, ground network integration, multi-partner launch and a fortress capital position.” (Founder, Chairman & CEO Abel Avellan) “We are returning to the launch pad at the Cape Canaveral in mid-June with BlueBirds 8, 9 and 10 on our Falcon 9 launch vehicle.” (Founder, Chairman & CEO Abel Avellan) “We recently achieved big data speed of an incredible 98.9 megabits per second using our in-orbit Block 1 satellites.” (Founder, Chairman & CEO Abel Avellan) “Our ecosystem includes nearly 60 global MNO partners covering over 3 billion subscribers.” (Founder, Chairman & CEO Abel Avellan) “On the regulatory front, we are granted FCC authorization to operate our BlueBird satellite constellation commercially in the United States.” (Founder, Chairman & CEO Abel Avellan) “We have recently signed additional mobile network operator contracts and received additional U.S. government awards.” (President & Chief Strategy Officer Scott Wisniewski) “First, we announced an agreement with Telus as our second partner in Canada, who also made an equity investment in ASTS.” (President & Chief Strategy Officer Wisniewski) “The progress we are seeing across both commercial and government activities supports our confidence in reiterating our 2026 revenue guidance of $150 million to $200 million.” (President & Chief Strategy Officer Wisniewski) “In the first quarter, we recognized revenue of $14.7 million, primarily driven by commercial gateway deliveries and various U.S. government service milestone achievements.” (Executive VP, CFO, Chief Legal Officer & Director Andrew Johnson) Outlook “We remain on track to meet our full year 2026 revenue guidance of $150 million to $200 million.” (Executive VP, CFO, Chief Legal Officer & Director Andrew Johnson) “For the second quarter of 2026, we estimate th...
We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. ‘Foreigner won’: Filipinos divided over pageant winner’s US roots The Philippines has crowned its newest Miss Universe candidate, Bea Millan-Windorski, as the country – kn...
We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. ‘Foreigner won’: Filipinos divided over pageant winner’s US roots The Philippines has crowned its newest Miss Universe candidate, Bea Millan-Windorski, as the country – known for its penchant for beauty pageants – prepares to send its latest representative to the global...
(RTTNews) - Indian shares opened lower on Tuesday, extending steep losses from the previous session as investors fretted about the potential impact of surging crude oil prices and a weakening rupee on the Indian economy.
(RTTNews) - Indian shares opened lower on Tuesday, extending steep losses from the previous session as investors fretted about the potential impact of surging crude oil prices and a weakening rupee on the Indian economy.
Hengrui Pharma ("Hengrui") (600276.SH; 01276.HK) and Bristol Myers Squibb ("BMS") today announced the companies have entered into global strategic collaboration and license agreements to advance a portfolio of 13 early stage programs in oncology, hematology and immunology, with the goal of accelerating discovery and development of innovative medicines for the benefit of patients worldwide.
Hengrui Pharma ("Hengrui") (600276.SH; 01276.HK) and Bristol Myers Squibb ("BMS") today announced the companies have entered into global strategic collaboration and license agreements to advance a portfolio of 13 early stage programs in oncology, hematology and immunology, with the goal of accelerating discovery and development of innovative medicines for the benefit of patients worldwide.
A firm controlled by Dubai’s ruler has emerged as the top shareholder in the city’s biggest developer after buying a $6.5 billion stake from the emirate’s main investment vehicle. Dubai Holding has acquired a 22.27% stake in Emaar Properties PJSC from the Investment Corporation of Dubai, in a deal that comes as the city’s property market contends with uncertainty tied to the Iran war. Dubai Holdin...
A firm controlled by Dubai’s ruler has emerged as the top shareholder in the city’s biggest developer after buying a $6.5 billion stake from the emirate’s main investment vehicle. Dubai Holding has acquired a 22.27% stake in Emaar Properties PJSC from the Investment Corporation of Dubai, in a deal that comes as the city’s property market contends with uncertainty tied to the Iran war. Dubai Holding will now control 29.73% of Emaar, which helped develop the Burj Khalifa. The transaction effectively shifts ownership of one of Dubai’s most prized corporate holdings from one state-linked entity to another, tightening the ruler’s grip over a company central to the emirate’s economic rise. It also lands at a delicate moment for Dubai’s housing market, with prices beginning to edge lower for the first time since a post-pandemic boom. For more, read: Dubai Ruler Gets Chunk of Developer Emaar in $2 Billion Deal Dubai Holding said the acquisition reflects its confidence in Emaar’s market position, asset base and long-term growth prospects, as well as the resilience of the emirate’s economy and real estate sector. Owned by the emirate’s ruler, the conglomerate has investments in more than 30 countries and assets worth more than 500 billion dirhams ($136 billion) across sectors including real estate, hospitality, entertainment, retail and media. Emaar’s portfolio includes some of Dubai’s best-known developments, including the Burj Khalifa, Dubai Mall and large master-planned communities across the emirate. Dubai’s status as a tax-free haven has helped draw expatriates and foreign capital to its property market, with the influx driving home prices more than 70% higher from 2020. Read More: Dubai Real Estate Market Gets Vote of Confidence: Mideast Money
Risk appetite is returning to China’s tech sector, with margin lending, trading volumes and benchmarks all climbing back to highs thanks to growing bets that a recent rally will continue. The outstanding balance of leveraged trades in Shanghai and Shenzhen — a barometer of risk tolerance — jumped to a record 2.8 trillion yuan ($412 billion) on Monday, extending gains into a fourth session. The mov...
Risk appetite is returning to China’s tech sector, with margin lending, trading volumes and benchmarks all climbing back to highs thanks to growing bets that a recent rally will continue. The outstanding balance of leveraged trades in Shanghai and Shenzhen — a barometer of risk tolerance — jumped to a record 2.8 trillion yuan ($412 billion) on Monday, extending gains into a fourth session. The move suggests a renewed embrace of risk just as the Shanghai Composite Index pushes past 4,200 to close at its highest level in more than a decade. China’s tech shares have surged this year on sustained enthusiasm for the artificial intelligence trade. The gains have helped drive the tech-heavy STAR 50 Index to a high, and also pushed some notable firms within the co-packaged optics and memory chip space to more than double in value. Meanwhile, the Nasdaq-style ChiNext Index is also about 2% from a peak, though gains for both gauges remain more concentrated than past upswings, with market breadth relatively narrow. “The risk in tech stocks from a valuation perspective is that multiples are extremely stretched and increasingly look precarious,” says Shi Junbo, a fund manager at Hangzhou XiYan Asset Management Co. “But it’s hard to call a peak right now given how ample liquidity remains. With turnover at these levels, the market is likely to stay lively and the music could keep playing.” While turnover across exchanges in China has surged to the strongest level since earlier this year, the spike is also raising the prospect of official intervention to rein in overheated metrics and remove excess froth. That happened in January, when record turnover due to the AI frenzy forced authorities to introduce tighter margin requirements and equity sales by the so‑called national team.
Richard Drury/DigitalVision via Getty Images Introduction In my view, CRBG today is a cheaply valued stock with a good capital return, but investors still need proof that the company, after the AIG exit and Equitable deal, will manage to steadily increase ROE without investment portfolio risk. Corebridge Financial ( CRBG ) is a fully independent company after the AIG share packet sale, which got r...
Richard Drury/DigitalVision via Getty Images Introduction In my view, CRBG today is a cheaply valued stock with a good capital return, but investors still need proof that the company, after the AIG exit and Equitable deal, will manage to steadily increase ROE without investment portfolio risk. Corebridge Financial ( CRBG ) is a fully independent company after the AIG share packet sale, which got rid of the long-term share oversupply in the market. The company 's business model is fully focused on the US pension savings market, in which the company holds around 11% of the market 's share, and assets under management and administration in Q1 2026 had reached over $380 billion, which is an 8.6% growth year over year. Total premiums and deposits are down year over year and are reaching $8 billion, although Individual Retirement deposits remained steady at $4.35 billion. This was supported by higher fixed index annuity and RILA deposits, while traditional fixed annuity deposits were lower. EPS in Q1 reached $1.05, which is 3% more than in 2025 's Q1. This result was reached due to the 150-basis point growth in net investment margin, which was strong because of the portfolio 's reinvestment in higher-yield bonds. Share valuation by the forward P/E is reaching 7.1x, which is below the historical sector 's average of around 8.5x. The low P/E multiple shows that the market still doesn 't value the company 's ability to generate stable cash flows, which in 2026 are forecasted to be at the $2.4 billion level. Dividend yield makes up around 3.67%, and the confirmed $2 billion share buyback program for 2026 suggests that the management is focusing on direct return for shareholders rather than lowering the debt. The operational efficiency ratio has improved to 18.5%, compared to 20.2% two years earlier, which confirms the successful cost elimination and the increase of economies of scale. Business Overview Corebridge Financial operates as one of the biggest pension saving and ins...