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JPMorgan: Is Gold Priced at $4,600 Really Expensive?
JPMorgan pointed out that, according to the traditional model (fair value of $1,000-$1,900), gold is significantly overvalued, but this does not mean it is "wrong"—the high premium reflects a rational pricing of geopolitical risks, damaged U.S. dollar credibility, and the failure of the 60/40 portfolio. The real drivers of the rally—the "century rebalancing" of Western pension funds into gold and stagflation trades—have yet to kick in, and $4,600 may be a worthwhile "insurance premium" to pay.
Express News | Stock Market Risk Alert for May 7
Express News | ST Cuihua: The company and its subsidiaries have reported a new overdue borrowing amounting to 144 million yuan.
Express News | ST Cuihua: It is expected that the 2025 annual report and the Q1 2026 report will not be disclosed within the statutory timeframe.
ST Cuihua (002731.SZ) may be subject to delisting risk warnings and additional risk alerts.
ST Cuihua (002731.SZ) announced that, according to the 'Statement by ST Cuihua’s 2025 Annual Audit Accountants on the Progress and Execution of the Audit Work' issued by Lixin Zhonglian Certified Public Accountants (Special General Partnership), as well as the relevant provisions of Article 9.3.1(3) of the 'Shenzhen Stock Exchange Listing Rules', if the annual audit accountants issue an audit report with a disclaimer of opinion or an adverse opinion on the company's 2025 financial report, the company will face delisting risk warnings; according to the relevant provisions of Article 9.8.1(4) of the 'Shenzhen Stock Exchange Listing Rules', if the annual audit accountants issue an adverse opinion on the company’s 2025 internal control audit report, the company will be subject to additional risk warnings.
ST Cuihua: The shareholding reduction plan of shareholders holding more than 5% has expired, with a cumulative reduction of 1% of shares.
Gelonghui reported on April 7 that ST Cuihua announced that shareholder Ms. Longfeng had previously planned to reduce her holdings by no more than 7,684,680 shares (3% of the total share capital). From February 24 to March 5, 2026, Great Wall Securities forcibly sold 2,561,560 shares, accounting for 1% of the total share capital, with zero shares reduced through block trading, resulting in a total reduction of 1%. After the reduction, Ms. Longfeng's shareholding dropped to 10,758,612 shares, representing 4.2% of the total. The duration of this share reduction plan has now expired without affecting the company's control or ongoing operations.