Latest news with #China-related
Hype Malaysia
12 hours ago
- Entertainment
- Hype Malaysia
Eric Tsang & Kenny Bee Apologise After Taking Photo With Namewee
When stars gather in one place, it's often expected for them to take photos and share them online. Unfortunately for Hong Kong stars Eric Tsang (曾志伟) and Kenny Bee (钟镇涛), their recent photo with Malaysian singer Namewee (黄明志) wasn't so well-received. Eric and Kenny were recently in Malaysia for the 'Wow! Super! Happy 30 Years' concert at Arena of Stars, Resorts World Genting. Attending the concert as an audience member was Namewee, who met with the cast backstage. Before the concert, the singer shared photos of himself with the HK stars on his social media, wishing them good luck for their performance. Also in the photo was local influencer and SteadyGang member, Tomato. While the photo itself seemed innocent, the two HK stars received backlash for associating themselves with Namewee due to his controversial image. The Malaysian-born media personality has been banned in China for his views against Chinese President Xi Jinping and his remarks on China-related topics. As such, both Eric and Kenny issued public apologies on their individual Weibo and distanced themselves from Namewee. In his post, Kenny wrote, 'During an event in Resorts World Genting, Malaysia, I inadvertently took a photo with an individual, which caused misunderstandings. I was unaware of that person's background and inappropriate past actions. If I had known his position earlier, I would never have had any contact with him. This incident was an unintentional mistake and does not mean that I agree with his views.' On his Weibo, Eric wrote a similar apology, adding, 'As a Chinese, I have always been committed to safeguarding national dignity and national sentiment.' Meanwhile, Namewee has since deleted the post from his social media. He explained the move, saying, 'To not affect the peace and stability of the 'motherland' as well as the safety of our comrades in Hong Kong in the Greater Bay Area, we have removed the previous post and photos.' It's worth noting that Namewee hinted that he was forced to remove the post due to the backlash. What are your thoughts on this? Sources: China Press (1)(2)
The Star
a day ago
- Entertainment
- The Star
Kenny Bee, Eric Tsang distance themselves from Namewee after taking group photo
Namewee (in dark glasses) in a now-deleted photo of himself with Kenny Bee (first from right) and Eric Tsang (second from left). Photo: Namewee/Threads Hong Kong singer Kenny Bee and Hong Kong actor Eric Tsang have swiftly distanced themselves from controversial Malaysian rapper-actor Namewee after a group photo of them was criticised by netizens. Bee and Tsang, both 72, were recently in Malaysia as part of the line-up of Hong Kong stars performing at the Wow! Super! Happy 30 Years concert at Resorts World Genting on July 19. Namewee, 42, took a photo with the pair before the show and posted it on social media on July 19, writing: 'Wishing you a successful performance tonight.' The photo of the trio together made waves on social media, with several netizens slamming Bee and Tsang for being associated with Namewee, whose full name is Wee Meng Chee. The hip-hop artiste has been blacklisted in China since the release of his satirical single Fragile in 2021. The track was said to be full of barbed references to Chinese President Xi Jinping and China-related issues, such as the political status of Taiwan and censorship in China. Bee, the lead vocalist of pop group The Wynners, took to Chinese social media platform Weibo on July 20, sharing a photo of himself with a statement. 'As a Chinese citizen, I have shown patriotism through concrete actions and firmly upheld the dignity of the country and national sentiment,' he wrote in Chinese. 'Recently, during an event in Genting, Malaysia, I took a photo with a certain person without noticing that it caused a misunderstanding.' Bee explained it was purely a courtesy interaction on a public occasion, and he was unaware of his background or past words and deeds. Without naming Namewee in the post, Bee said: 'If I had known his position earlier, I would never have had any contact with him. This incident was an unintentional mistake and does not mean that I agree with his views.' Tsang, the host of Hong Kong variety series Super Trio (1995 to present) also posted a similar statement on Weibo on July 21, adding: 'Once again, I express my deepest apologies to everyone.' Namewee has deleted the photo with Bee and Tsang from his social media accounts. In a now-deleted statement on Facebook, Namewee wrote in Chinese: 'In order not to affect the peace and stability of the 'motherland' as well as the safety of our comrades in Hong Kong in the Greater Bay Area, we have removed the previous post and photos.' – The Straits Times/Asia News Network
Straits Times
a day ago
- Entertainment
- Straits Times
HK's Kenny Bee, Eric Tsang distance themselves from Malaysia's Namewee after taking group photo
Find out what's new on ST website and app. Namewee (in dark glasses) in a now-deleted photo of himself with Kenny Bee (first from right) and Eric Tsang (second from left). Hong Kong singer Kenny Bee and Hong Kong actor Eric Tsang have swiftly distanced themselves from controversial Malaysian rapper-actor Namewee after a group photo of them was criticised by netizens. Bee and Tsang, both 72, were recently in Malaysia as part of the line-up of Hong Kong stars performing at the Wow! Super! Happy 30 Years concert at Resorts World Genting on July 19. Namewee, 42, took a photo with the pair before the show and posted it on social media on July 19, writing: 'Wishing you a successful performance tonight.' The photo of the trio together made waves on social media, with several netizens slamming Bee and Tsang for being associated with Namewee, whose full name is Wee Meng Chee. The hip-hop artiste has been blacklisted in China since the release of his satirical single Fragile in 2021. The track was said to be full of barbed references to Chinese President Xi Jinping and China-related issues, such as the political status of Taiwan and censorship in China. Bee, the lead vocalist of pop group The Wynners, took to Chinese social media platform Weibo on July 20, sharing a photo of himself with a statement. 'As a Chinese, I have shown patriotism through my strong actions and firmly upheld the dignity of the country and national sentiment,' he wrote in Chinese. 'Recently, during an event in Genting, Malaysia, I took a photo with a certain person without noticing that it caused a misunderstanding.' Top stories Swipe. Select. Stay informed. Singapore 2 workers stranded on gondola dangling outside Raffles City Tower rescued by SCDF Business Why Singapore and its businesses stand to lose with US tariffs on the region Business $1.1 billion allocated to three fund managers to boost Singapore stock market: MAS Singapore Medallions with Singapore Botanic Gardens' iconic landmarks launched to mark milestone-filled year Life WP chairwoman Sylvia Lim to publish memoir with Epigram Books in 2027 Singapore Proof & Company Spirits closes Singapore distribution business Singapore Jail, caning for man who held metal rod to cashier's neck in failed robbery attempt Singapore Fresh charge for woman who harassed nurse during pandemic, created ruckus at lion dance competition Bee explained it was purely a courtesy interaction on a public occasion, and he was unaware of his background or past words and deeds. Without naming Namewee in the post, Bee said: 'If I had known his position earlier, I would never have had any contact with him. This incident was an unintentional mistake and does not mean that I agree with his views.' Tsang, the host of Hong Kong variety series Super Trio (1995 to present) also posted a similar statement on Weibo on July 21, adding: 'Once again, I express my deepest apologies to everyone.' Namewee has deleted the photo with Bee and Tsang from his social media accounts. In a now-deleted statement on Facebook, Namewee wrote in Chinese: 'In order not to affect the peace and stability of the 'motherland' as well as the safety of our comrades in Hong Kong in the Greater Bay Area, we have removed the previous post and photos.'
Business Insider
2 days ago
- Business
- Business Insider
AMD Stock Gets a Price Target Boost from Citi's Top Analyst Ahead of Q2 Earnings
Advanced Micro Devices (AMD) will report its Q2 2025 earnings results on August 5. Ahead of the report, AMD stock got a bullish upgrade from Citi's Top analyst Christopher Danely, who raised his price target to $165 from $145. The new price target indicates a 5% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. However, he maintained a Hold rating on the stock, warning that the China-related gains from the sale of MI308 chips may be short-lived. Danely ranks #644 out of 9,889 analysts tracked on TipRanks. He boasts a 66% success rate and an average return per rating of 11.00%. Analyst Sees Short-Term Upside, But Stays Cautious The five-star analyst believes AMD stock could continue to move higher in the near term, as excitement around AI remains strong. Danely pointed out that investors are growing more optimistic ahead of AMD's earnings, and the broader market continues to favor chip stocks tied to AI. As a result, Danely raised his price target to $165, based on 44x expected 2026 earnings. The new price target reflects growing optimism that rising demand for AI chips could lift AMD stock in the near term. Despite the price target bump, the analyst prefers to remain on the sidelines for now, noting that much of the AI-driven optimism may already be reflected in AMD's share price. Danely cautioned that investor expectations might be too high going into earnings, and a clearer view of the company's outlook will only emerge once results are out in August. What to Expect from AMD's Q2 Earnings Wall Street analysts expect AMD to report earnings of $0.48 per share for Q2, down 30% from the year-ago quarter. Meanwhile, analysts project Q2 revenues at $7.41 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 27%. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Holds assigned in the last three months. The average AMD price target of $144.45 suggests a downside potential of 7.99% from its current price. Year-to-date, shares of the company have gained about 30%.
Business Insider
6 days ago
- Business
- Business Insider
William Blair Pounds the Table on Nvidia Stock as China Chip Sales Are Back On
Nvidia (NASDAQ:NVDA) had seemed at risk of missing out on a major revenue opportunity in China due to export restrictions on its AI chips. However, it now appears ready to tap back into the country's $50 billion AI chip market after all. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. On Monday evening, Nvidia announced in a blog post that it expects to resume sales of its H20 chips, which are specifically designed for the Chinese market. The update comes after a series of high-level discussions involving CEO Jensen Huang and officials from both the Chinese and U.S. governments, including President Trump. This marks a notable reversal for the company. An export ban that took effect in April had forced Nvidia to write down $4.5 billion in inventory, and as recently as June, management said it anticipated no further revenue from China. The company had also projected it would forgo $8 billion in China-related revenue in FQ2, so the timing of this update likely points to a meaningful rebound starting in FQ3. While not many details were offered, and the unpredictable nature of the current U.S. regulatory environment leaves room for a possible return to stricter controls if China-U.S. relations deteriorate, William Blair analyst Sebastien Naji now sees an opportunity for upside in the bottom line. Specifically, the analyst estimates an incremental $0.30 in EPS for fiscal 2026, assuming China revenue reaches around $20 billion for the year, up slightly from $17.1 billion in fiscal 2025, and net income margins stay in line with company averages. Since Nvidia already booked $5.5 billion in China revenue in the first quarter, this would suggest an additional $14.5 billion concentrated in the back half of the year. On top of that, while visibility is still limited, Naji believes there's potential for gross margin tailwinds in the second half as Nvidia begins selling written-down H20 chips, which would carry minimal COGS (cost of goods sold). 'This will likely make it easier for Nvidia to achieve its mid-70% non-GAAP gross margin target in the second half and should push full-year gross margins above our current 70.3% forecast for the year,' Naji went on to add. That said, while for investors the return of China revenue is 'overwhelmingly a positive,' it also reopens the door to downside risk, should renewed export restrictions once again 'drive this opportunity back to zero.' All told, Naji rates NVDA shares an Outperform (i.e., Buy), although he has no fixed price target in mind. (To watch Naji's track record, click here) As for the rest of the Street, Nvidia stock gets the thumbs up from 34 other analysts while 3 Hold and 1 Sell recommendations can't detract from a Strong Buy consensus rating. The average price target stands at $181.95, factoring in a modest 12-month gain of 6%. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
