Tsaker New Energy Tech Stock (OTC: TSAKF)

Latest news for Tsaker New Energy Tech (OTC:TSAKF) Stock

Tsaker New Energy Tech Co Ltd is engaged in integrating green technology into research and development (R&D) and the production of fine chemicals such as dyes and pigment intermediates. It has many advanced production plants, including the world's largest production plant for DSD Acid, DMSS, as well as one of the world's three largest mononitrotoluene production plants. The company has three reportable operating segments; the battery materials segment, the dye and agricultural chemical intermediates segment, and the pigment intermediates and new materials segment. The majority of the revenue is from the dye and agricultural chemical intermediates segment.

TSAKER CHEM GROUP LTD by TSAKER CHEM GROUP LTD.

Tsaker New Energy Tech Co Ltd

The first shipment of yellowcake is anticipated to occur in November or December 2024.&nbsp; This coincides with the Company&#39;s fiscal&nbsp;Q2&nbsp;ending&nbsp;January 31, 2025.

News

Uranium Energy Reports Startup Of Uranium Production At Its Past-Producing Christensen Ranch In-Situ Recovery Operations In Wyoming

On Monday, August 12th, U.S. stock markets closed mixed as investors awaited key U.S. economic data, particularly on consumer prices, to gauge Fed policy. The Dow fell, while the S&amp;P 500 and Nasdaq gained.
Economic data showed that the U.S. government budget deficit rose to $244 billion in July, up from the $220.7 billion deficit recorded in the same month last year.
Most S&amp;P 500 sectors closed lower, led by losses in communication services, real estate, and industrials, while energy and utilities stocks rose.
The Dow Jones Industrial Average was down 0.36% and closed at 39,357.01. The S&amp;P 500 ended the day flat at 5,344.39 while the Nasdaq Composite rose 0.21%, finishing the session at 16,780.61.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed higher by 3.37% at 36,205.00, led by gains in the Banking, Chemical, Petroleum &amp; Plastic and Financial Services sectors.</li>
<li>Japanese markets climbed significantly, driven by a rebound after last week&#8217;s volatility, which was triggered by concerns over a stronger yen and a potential U.S. recession. The positive momentum was supported by investor optimism ahead of the upcoming U.S. inflation data, which is expected to shed light on the Federal Reserve&#8217;s policy direction.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.17%, ending the day at 7,826.80, led by gains in the Gold, Financials, and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 was down 0.81% at 24,149.10, and the Nifty 500 declined 0.85%, trading at 22,721.90.</li>
<li>China&#8217;s Shanghai Composite was up 0.34%, ending the session at 2,867.95, while the Shenzhen CSI gained 0.26%, closing at 3,334.39.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session higher by 0.36% at 17,174.06.</li>
</ul>
Eurozone at 05:45 AM ET
<ul>
<li>The European STOXX 50 index gained 0.27%.</li>
<li>Germany&#8217;s DAX rose 0.33%.</li>
<li>France&#8217;s CAC was down 0.04%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.01%.</li>
</ul>
Commodities at 05:45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.19% at $79.92/bbl, and Brent was down 0.29% at $82.06 bbl.</li>
<li>Natural Gas declined 0.18% to $2.185.</li>
<li>Gold was trading lower by 0.20% at $2,499.05, Silver slid 0.69% to $27.815, and Copper declined 0.66% to $4.0418.</li>
</ul>
US Futures at 05:45 AM ET
Dow futures were up 0.26%, S&amp;P 500 futures rose 0.47%, and Nasdaq 100 Futures gained 0.65%.
Forex at 05:45 AM ET
The U.S. dollar index gained 0.06% to 103.20, the USD/JPY was up 0.44% to 147.83, and the USD/AUD declined 0.26% to 1.5144.
Image via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Japan's Nikkei Soars As Asia Markets Gain, Europe Opens Mixed; Gold Hits All Time High Of $2,500 - Global Markets Today While US Slept

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $142 to $144.

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on Hanover Insurance Gr, Raises Price Target to $144

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is rumored to be working on a thinner version of the iPhone 17, which could potentially <a href="https://www.benzinga.com/markets/equities/24/08/40304265/apples-iphone-16-may-not-fuel-a-gold-rush-of-purchases-but-next-iteration-will-likely-return-fla">return the company&#8217;s flagship product to meaningful growth</a>.
What Happened: Apple is planning to introduce the iPhone 17 &#8220;Air&#8221; in 2025. This model is expected to have a sleeker design than its predecessors, potentially attracting more customers to upgrade their devices.
Gene Munster, managing partner at Deepwater Asset Management, <a href="https://www.businessinsider.com/thinner-iphone-17-air-smart-move-apple-2024-8">told</a> Business Insider that Apple&#8217;s biggest iPhone upgrade cycles have coincided with noticeable changes to the phone&#8217;s design. He believes the thinner iPhone could be a successful hardware refresh for the company.
&#8220;The biggest upgrade cycles that the iPhone has had have been when there&#8217;s been visible changes to the phone,&#8221; Munster said. 
According to the Gurman&#8217;s <a href="https://www.benzinga.com/markets/equities/24/08/40304265/apples-iphone-16-may-not-fuel-a-gold-rush-of-purchases-but-next-iteration-will-likely-return-fla">newsletter</a> the iPhone 17 &#8220;Air&#8221; design will be slimmer than previous models, but it won&#8217;t yet incorporate the larger screens and advanced technology of the Pro lineup.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The Tim Cook-led company is set to launch the iPhone 16 lineup next month, focusing on its new Apple Intelligence features. However, the iPhone 16 will not feature the new slimmer design.
Munster added that he expects iPhone sales to grow over the next few years, pushing Apple into a &#8220;sweet spot of iPhone demand.&#8221;
However, Apple&#8217;s previous attempts to change the iPhone&#8217;s size, such as the iPhone 12 mini and the iPhone 14 Plus, did not yield significant results, according to Gurman.
See Also: <a href="https://www.benzinga.com/news/24/08/40305265/apple-has-reportedly-reversed-ios-18-photos-app-changes-in-response-to-user-criticism-heres-what-hap?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Has Reportedly Reversed iOS 18 Photos App Changes In Response To User Criticism: Here&#8217;s What Happened</a>
Why It Matters: The upcoming iPhone 17 &#8220;Air&#8221; model is part of Apple&#8217;s broader strategy to innovate and capture market share. However, for the iPhone 16, Cupertino is said to focus on Apple Intelligence, instead of <a href="https://www.benzinga.com/markets/equities/24/08/40304265/apples-iphone-16-may-not-fuel-a-gold-rush-of-purchases-but-next-iteration-will-likely-return-fla">a radical redesign</a>, according to Gurman.
Moreover, TF Securities analyst Ming-Chi Kuo reported that Apple <a href="https://www.benzinga.com/news/24/07/39951687/apple-to-discontinue-iphone-17-plus-in-favor-of-an-ultraslim-version-says-prominent-tipster">plans to discontinue</a> the iPhone 17 Plus model, which currently accounts for only 5-10% of total new iPhone shipments, in favor of the ultra-slim iPhone 17 &#8220;Air&#8221; version.
In May, The Information revealed that Apple is aiming to make the iPhone 17 the <a href="https://www.benzinga.com/news/24/05/38900479/apple-plans-for-thinner-more-expensive-iphone-17-in-2025">thinnest iPhone ever</a>, a significant redesign akin to the transformative iPhone X in 2017. This move follows the release of Apple's thinnest-ever iPad Pro.
Additionally, JPMorgan Analyst Samik Chatterjee has a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38204573/apples-ai-upgrade-cycle-to-be-driven-by-iphone-17-analyst-outlines-3-reasons-why">bullish outlook on Apple stock</a>, rating it Overweight and setting a price target of $210, driven by the anticipated AI upgrade cycle with the iPhone 17.
Price Action: Apple&#8217;s shares were up 0.43% in premarket trading on Tuesday, after closing at $217.53 on Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40208629/jeff-bezos-once-said-lifes-too-short-to-hang-out-with-people-who-arent-resourceful-who-are-the-peopl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Once Said &#8216;Life&#8217;s Too Short To Hang Out With People Who Aren&#8217;t Resourceful&#8217; — Who Are The People That Helped The Amazon Founder Take Steps Toward Success</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Analyst Color

Equities

Tech

AAPL

Apple's Thinner iPhone 17 'Air' With Sleeker Design Could Be A Game-Changer, Says Prominent Tech Bull: Here's Why

Guidance

HYZN

Looking At H2, Hyzon Anticipates Reaching SOP For Single Stack 200kW Fuel Cell System And 200kW Class 8 Fuel Cell Truck Platform

WIIM

Home Depot shares are trading lower after the company reported Q2 revenue miss and issued FY24 Adjusted EPS outlook below estimates.

Needham analyst Joseph Stringer reiterates Avidity Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) with a Buy and maintains $60 price target.

Reiteration

Needham Reiterates Buy on Avidity Biosciences, Maintains $60 Price Target

Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.15) by 40 percent. The company reported quarterly sales of $313.00 thousand which missed the analyst consensus estimate of $1.00 million by 68.70 percent.

Earnings

Earnings Misses

Hyzon Motors Q2 2024 GAAP EPS $(0.21) Misses $(0.15) Estimate, Sales $313.00K Miss $1.00M Estimate

Barnwell Industries Q3 EPS $(0.12), Down From $(0.07) Last Year; Revenue $5.53M, Down From $5.675M Prior Year

53-week diluted earnings-per-share-percent decline between 2% and 4%
53rd week expected to contribute approximately $0.30 of diluted earnings per share compared to fiscal 2023
53-week adjusted(1), (3) diluted earnings-per-share to decline between 1% and 3%
53rd week expected to contribute approximately $0.30 of adjusted diluted earnings per share compared to fiscal 2023

Home Depot FY24 Adj. EPS Outlook $14.66-$14.96 Vs. $15.14 Estimate

Biotech

Health Care

General

FENC

Fennec Pharmaceuticals Anticipates That Cash And Cash Equivalents Of $43.1M As Of June 30, 2024 Will Be Sufficient To Fund Planned Operations For At Least The Next Twelve Months

Needham analyst Serge Belanger downgrades Revance Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVNC#NASDAQ">RVNC</a>) from Buy to Hold.

Downgrades

RVNC

Needham Downgrades Revance Therapeutics to Hold

Hudbay Minerals Revised 2024 Annual Consolidated Cash Cost Guidance Range To $0.90-$1.10 Per Pound From $1.05-$1.25

On August 15, 2023, the board of directors of the Company authorized a share repurchase program under which the Company may repurchase up to US$100 million of its ADSs or ordinary shares over a 12-month period. As of June 30, 2024, the Company had&nbsp;repurchased 17.1 million ADSs with a total aggregate consideration of US$56.7 million under this program.
&nbsp;
In August 2024, the board of directors of the Company authorized the renewal and continued use of the unutilized quota under the existing share repurchase program of US$43.3 million, which is effective through March 31, 2025.
 &nbsp;

Buybacks

HUYA

HUYA Company Board Extends $43.3M Share Buyback Program Through March 2025

Fennec Pharmaceuticals Q2 2024 GAAP EPS $(0.20) Misses $(0.03) Estimate, Sales $7.262M Miss $11.049M Estimate

Oppenheimer analyst Matthew Biegler maintains ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Outperform and lowers the price target from $17 to $15.

ORIC

Oppenheimer Maintains Outperform on ORIC Pharmaceuticals, Lowers Price Target to $15

Modine Reports Availability Of The EVantage Electric Compressor And Valve Product Lines

Declaration of Special Cash Dividend
The board of directors of the Company has declared a special cash dividend of US$1.08 per ordinary share, or US$1.08 per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on October 9, 2024, payable in U.S. dollars. The total amount of cash to be distributed for the special cash dividend is expected to be approximately US$250 million, which will be funded by surplus cash on the Company's balance sheet. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around October 25, 2024. Holders of the Company's ADSs will receive the cash dividend through the depositary bank, subject to the terms of the deposit agreement.

Dividends

HUYA Board Declared A Special Dividend Of $1.08/ADS

GYRE

As Of June 30, 2024, Gyre Therapeutics Had Cash And Cash Equivalents Of $16.1M, Short-term Bank Deposits Of $9M, And Long-term Certificates Of Deposit Of $28.8M. Based On Current Plans, Gyre Anticipates That Its Cash Resources Will Enable It To Fund Operations Through At Least 12 Months

Fiscal 2024 Guidance 
&nbsp;
The company updated its fiscal 2024 guidance, which includes 53 weeks of operating results, to reflect the performance in the first half of fiscal 2024 and include&nbsp;SRS:
<ul>
<li>Total sales to increase between 2.5% and 3.5% including the 53rd week
<ul>
<li>53rd week projected to add approximately $2.3 billion to total sales</li>
<li>SRS expected to contribute approximately $6.4 billion in incremental sales</li>
</ul>
</li>
<li>Comparable sales to decline between 3% and 4% for the 52-week period compared to fiscal 2023
<ul>
<li>Comparable sales decline of 3% implies a consumer demand environment consistent with the first half of fiscal 2024</li>
<li>While comparable sales for the company are not currently on the trajectory for the low end of the range, a 4% decline implies incremental pressure on consumer demand</li>
</ul>
</li>
<li>Approximately 12 new stores</li>
<li>Gross margin of approximately 33.5%</li>
<li>Operating margin rate to be between 13.5% to 13.6%</li>
<li>Adjusted(1), (2) operating margin rate to be between 13.8% to 13.9%</li>
<li>Tax rate of approximately 24%</li>
<li>Net interest expense of approximately $2.2 billion</li>
<li>53-week diluted earnings-per-share-percent decline between 2% and 4%
<ul>
<li>53rd week expected to contribute approximately $0.30 of diluted earnings per share compared to fiscal 2023</li>
</ul>
</li>
<li>53-week adjusted(1), (3) diluted earnings-per-share to decline between 1% and 3%
<ul>
<li>53rd week expected to contribute approximately $0.30 of adjusted diluted earnings per share compared to fiscal 2023</li>
</ul>
</li>
</ul>

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Tsaker New Energy Tech

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