Group 1 - Two Chinese companies, ECST Holdings Limited and JM Group Limited, have submitted their IPO applications to the SEC for listing on NASDAQ [1][8] - ECST Holdings Limited plans to issue 2 million shares at a price of $4 per share, aiming to raise $8 million [3] - JM Group Limited intends to issue 3.75 million shares at a price range of $4 to $5 per share, targeting to raise between $15 million and $18.75 million [11] Group 2 - ECST Holdings Limited reported revenues of $3.96 million and $2.12 million for the fiscal years ending September 30, 2024, and March 31, 2025, respectively, with net profits of $890,000 and $550,000 [3] - JM Group Limited's revenues for the same periods are projected to be $28.48 million and $18.94 million, with corresponding net profits of $910,000 and $1.6 million [12] Group 3 - ECST Holdings Limited is based in Hong Kong and provides cloud-based ERP solutions [3] - JM Group Limited, also headquartered in Hong Kong, operates as a commodity procurement supplier, wholesaling various products [11]

Group 1 - Goldman Sachs expects the revenue of nine covered software companies to improve quarter-over-quarter in Q2, driven by a rebound in customer order momentum [1] - IT spending in certain sectors, such as construction, continues to face short-term pressure [1] - The firm anticipates that Q2 earnings for software companies will remain weak, but improvements are expected in the second half of the year due to enhanced operational efficiency and workforce optimization [1] Group 2 - In the Chinese ERP sector, Goldman Sachs forecasts Kingdee International's revenue to grow by 13% year-over-year to 3.2 billion yuan, supported by improved spending from large enterprise clients [1] - The firm believes that increased productivity per capita will contribute to profit improvement for Kingdee [1] - Goldman Sachs maintains a "Buy" rating on Kingdee, raising the target price from 17.81 HKD to 18.87 HKD [1]