Industry Overview - The outlook for investing in marijuana stocks has shifted, with the sector experiencing continuous dips and a lack of upward momentum, leading shareholders to consider cutting losses or remaining patient for market changes [1] - Historical volatility in trading has resulted in insufficient time for investors to take profits, prompting a focus on long-term strategies as hopes remain high for federal legalization of cannabis to ease market tensions [2] Company Highlights - **Tilray Brands, Inc.** has achieved a significant milestone by becoming the first authorized company to distribute medical cannabis in Italy, highlighting the therapeutic role of medical cannabis [6][7] - **Canopy Growth Corporation** operates in the production, distribution, and sale of cannabis and related products across multiple countries, including Canada, Germany, and Australia [7] - **Village Farms International, Inc.** has regained compliance with Nasdaq listing requirements, with its stock now meeting the minimum closing bid price of US$1.00 per share [14] Financial Performance - Village Farms International reported a net revenue decrease of 11% in Q4 FY2025, with a consolidated gross margin decline of 500 basis points to 16% [14] - The operating loss from continuing operations for Village Farms was $18 million in Q4 FY2025, showing an improvement of 83% [14] - Free cash flow for Village Farms was an outflow of $36 million in Q4 FY2025, which represents a 60% increase in outflow [14]

Summary of Murphy Oil (MUR) 2025 Conference Call Company Overview - **Company**: Murphy Oil Corporation (MUR) - **CEO**: Eric Hambly, who has been with the company for approximately 20 years and took over as CEO in January 2025 [2][3] Key Industry Insights - **Exploration and Development**: Murphy Oil has a strong focus on both onshore and offshore operations, with significant international exploration capabilities. The company has a large inventory of shale locations and is actively pursuing exploration and appraisal programs, particularly in Vietnam [4][5] - **Vietnam Projects**: The company announced a world-class discovery in Vietnam shortly after Hambly became CEO, indicating a promising future in the region [2][5] Financial Highlights - **Capital Expenditure**: For 2025, Murphy Oil has earmarked a capital budget of approximately $1.2 billion, with 85% allocated for development activities. The company aims to maintain a capital program between $1.1 billion and $1.3 billion in typical years [10][11] - **Oil Price Sensitivity**: The company can comfortably cover its dividend and capital program with oil prices in the $60 range. However, if prices fall to $55 per barrel for an extended period, adjustments to the capital program may be necessary to protect the balance sheet [10][11] Operational Updates - **Gulf of America**: Murphy Oil is actively working on several wells in the Gulf of America, including new development wells and workovers. The company plans to drill two exploration wells in the third quarter of 2025 [14][15] - **St. Malo Waterflood Project**: The project is expected to contribute to production levels over time, with water injection already underway [17][18] - **Chinook Field**: The company purchased an FPSO for over $100 million, which will enhance the economics of the Chinook development project. A new development well is planned for 2026, with potential production rates of up to 15,000 barrels per day [26][28] Exploration Opportunities - **Hai Su Long Discovery**: The discovery well flowed at 10,000 barrels per day, with an estimated resource of 170 million barrels of oil equivalent. An appraisal well is planned to further assess the structure [46][48] - **Pink Camel Field**: Estimated resources of 30 million to 60 million barrels of oil equivalent, with plans for development tied back to existing infrastructure [51][53] - **Cote D'Ivoire Exploration**: Murphy Oil plans to start a three-well drilling program in Cote D'Ivoire, targeting significant resource potential with a mean estimate of over 400 million barrels [58][60] Cost Management - **Cost Structure**: The company has already streamlined its cost structure significantly since 2020, reducing general and administrative expenses from $243 million in 2019 to approximately $110 million in recent years [7][8] - **Offshore Costs**: While some costs are stable, there are increases in tubular goods and major subsea projects, with cost increases of 30% to 50% noted for subsea projects compared to previous years [36][38] Strategic Outlook - **Long-term Vision**: Murphy Oil aims to differentiate itself from peers through its exploration capabilities and strategic investments in high-potential regions like Vietnam and Cote D'Ivoire. The company is optimistic about its future growth and exploration success [4][5][62] Conclusion - **Overall Sentiment**: The company is confident in its operational performance and strategic direction, with a focus on maintaining a strong balance sheet while pursuing growth opportunities in both existing and new markets [71]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 CHINA HONGBAO HOLDINGS LIMITED 中國紅包控股有限公司 GEM的 定 位，乃 為 相 比 起 其 他 於 聯 交 所 上 市 的 中 小 型 公 司 帶 有 較 高 投 資 風 險 的 公 司 提 供 一 個 上 市 的 市 場。有 意 投 資 者 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 通 常 為 中 小 型 公 司，於GEM買 賣 的 證 券 可 能 會 較 於 主 板 買 賣 的 證 券 承 受 較 大 的 市 場 波 動 風 險，同 時 無 法 保 證 於GEM買 賣 ...

中共上海市委金融委员会办公室（简称"市委金融办"）协调处处长冯旭光、上海市委金融办金融市 场发展处副处长杨卓群等出席指导。 《国际金融报》记者获悉，近日，由上海资产管理协会（简称"协会"）主办的"'2025陆家嘴论坛'中 央金融管理部门发布政策学习会"（第32次会员专业技术沙龙）在沪举行。约100位协会会员单位的代表 参会。 协会党的工作小组组长、秘书长韩康；协会理事，中信银行上海分行党委委员、副行长庞华英；上 海证券研究所所长花小伟等出席活动。协会副秘书长辛旸主持会议。 2025年6月18至19日，"2025陆家嘴论坛"在上海召开。期间，中央金融委员会印发《关于支持加快 建设上海国际金融中心的意见》，中国人民银行宣布将在上海实施8项重磅金融开放措施，国家金融监 督管理总局、上海市人民政府印发《关于支持上海国际金融中心建设行动方案》，中国证券监督管理委 员会发布《关于在科创板设置科创成长层增强制度包容性适应性的意见》等。 未来，协会将坚持监管互动的原则，打造与监管部门沟通的平台，贯彻落实中央金融管理部门及其 派出机构的工作要求，持续提升行业机构专业服务能力，推动资产管理行业的高质量发展。 冯旭光作"上海国际金 ...

6月25日下午，上海家化（600315）召开2024年年度股东会。上海家化董事长兼CEO林小海、董事会秘书兼首席财 务官罗永涛等高管团队回应了如何复兴上海家化、控股股东是否给予更大授权、股价为何低迷等问题。 复兴上海家化给钱不够 团队要有使命感 "不难，怎么会请我来做CEO？"林小海表示，上海家化"二次创业"很难，但正是因为很难才会由其掌舵上海家 化。 2024年6月召开的上海家化2023年年度股东会，是林小海进入上海家化后的首次亮相。 彼时，林小海称，上海家化将以"壮士断腕"的魄力，着力改变近三年的发展颓势。如果做成了会很有成就感。 【导读】上海家化召开2024年年度股东会，高管团队回应如何实现复兴 来源：上海家化2024年年报 对此，上海家化管理层称为"清包袱"，有助于之后轻装上阵。 林小海表示，上海家化的战略被验证方向正确，整个组织基本完成搭建，接下来是组织运营，锻造一个会打仗的 组织。 "这件事情很难，只为一份薪水，哪怕是为了长期的激励，我认为也走不到未来。"林小海称，上海家化的所有人 要有百年复兴的使命感，想起来要有鸡皮疙瘩，值得投入全部热情。 此外，林小海针对上海家化的未来发展，提出全员要有能搞定 ...

1. 美国至6月20日当周EIA战略石油储备库存为2022年10月14日当周以来最高。 2. 美国至6月20日当周除却战略储备的商业原油库存为2025年1月17日当周以来最低。 3. 美国至6月20日当周EIA精炼油库存降幅录得2025年1月31日当周以来最大。 4. 美国至6月20日当周国内原油产量为2025年4月25日当周以来最高。 金十数据整理：美国当周EIA数据最值一览 ...

期货热点追踪 夜盘双焦期货价格继续上涨，焦煤领涨期市，机构分析表示，双焦基本面未有明显改善，上方压力明 显，若供应端没有实质性减产，后续双焦价格仍有下跌空间。 相关链接 ...

Company Overview - Amarin (AMRN) shares increased by 27.3% to close at $16.04, with notable trading volume compared to typical sessions, and a 13.4% gain over the past four weeks [1][2] Recent Developments - Amarin licensed EU rights to its drug Vazkepa to Recordati, an Italy-based company, for $25 million upfront, with potential milestones of up to $150 million and ongoing royalties, significantly expanding Vazkepa's market reach and reducing EU-related costs by an expected $70 million over the next 12 months [2] Financial Performance - The company is expected to report a quarterly loss of $0.60 per share, a year-over-year change of -400%, with revenues projected at $45.19 million, down 33% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 22.4% higher over the last 30 days, indicating a positive trend that may lead to price appreciation [4] Industry Context - Amarin is part of the Zacks Medical - Biomedical and Genetics industry, which includes other companies like MannKind (MNKD), which saw a 5.1% increase in its last trading session [5] - MannKind's consensus EPS estimate has remained unchanged at $0.04, reflecting a -20% change from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [6]

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Halliburton (HAL), and emphasizes the importance of using these recommendations in conjunction with other analytical tools for making investment decisions [1][5]. Group 1: Halliburton's Brokerage Recommendations - Halliburton has an average brokerage recommendation (ABR) of 1.74, indicating a position between Strong Buy and Buy, based on recommendations from 27 brokerage firms [2]. - Out of the 27 recommendations, 16 are classified as Strong Buy, accounting for 59.3%, while 2 are classified as Buy, making up 7.4% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][10]. Group 3: Zacks Rank vs. ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [8][11]. - Unlike ABR, which is based solely on brokerage recommendations, the Zacks Rank is updated frequently to reflect changes in earnings estimates, making it a timely tool for predicting future price movements [12]. Group 4: Current Earnings Estimates for Halliburton - The Zacks Consensus Estimate for Halliburton's current year earnings has declined by 1.2% over the past month to $2.37, indicating growing pessimism among analysts regarding the company's earnings prospects [13]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Halliburton, suggesting caution despite the Buy-equivalent ABR [14].

中新网乌鲁木齐6月25日电 (王小军)在新疆博尔塔拉蒙古自治州温泉县城镇小学一间47平方米的房间 里，堆着叠放整齐的衣物，墙上贴满了孩子们的笑脸合影和手工作品。这间被师生们亲切称为"石榴 籽"爱心屋的小天地，是该校教师吾吉用11年光阴，一点一滴编织起来的校园港湾。 2014年一个寒冷的冬日，温泉突降大雪，当时担任学校后勤主任的吾吉，在宿舍里看到了令她心疼的一 幕：女孩塔格娜蜷缩着，薄薄的单衣下，身体微微发抖。细问之下才知道，这个来自偏远山区的孩子， 把家里唯一一件厚实的冬衣让给了年幼的弟弟。 "那场景我忘不了。"吾吉回忆道。她立刻从家里翻找出一些旧衣物带来，但需要帮助的孩子远不止一 个。那一刻，一个念头在她心里扎根：得有一个固定的地方，让这些孩子们随时能感受到温暖，不再为 御寒发愁。 这个朴素的愿望，催生了"石榴籽"爱心屋。吾吉带着亲手写的倡议书，跑遍全校每一个教室，回应出乎 意料地热烈。短短三天，仓库里就堆起120件冬衣。首批45名家境困难的孩子，很快穿上暖和的棉袄。 更让吾吉动容的是后续源源不断的暖流。同事李凤香送来几条崭新的、亲手编织的围巾；食堂的哈丽达 端来刚出炉、喷香的热馕……"哪里是我一个人的功劳 ...