La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Treasure Global a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Treasure Global..

Treasure Global (NASDAQ:TGL) Azioni, Catena delle Opzioni

Treasure Global

Treasure Global Inc has created an online-to-offline e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. Its product is an internet application branded ZCITY app, that targets consumers by providing personalized deals based on consumers' purchase history, location and preferences.

Treasure Global Inc

Renegade Gold Inc

THAI NVDR CO LTD GULF ITL by Thai NVDR Co Ltd.

Theglobe.com Inc

ETF Opportunities Trust LAFFER TENGLER Equity Income ETF

Tecnoglass Inc

GCDI SA

TOP GLOVE CORP BHD S/ADR by Top Glove Corp.

Top Glove Corp Bhd

Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, predicts a substantial market rally despite widespread investor skepticism as the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), trades within 2% of all-time highs.
What Happened: Lee wrote on X that &#8220;This remains one of the &#8216;most hated&#8217; V-shaped rallies and yet we are within 2% of all-time highs.&#8221; He cited short positioning, bear sentiment, and improving macro conditions as catalysts for a possible &#8220;face-ripper rally.&#8221;
The S&amp;P 500, closed at 5,970.37 on Tuesday, up 0.58%, while the Nasdaq-100 gained 0.79% to 21,662.58. The benchmark index reached an all-time high of 6,152.87 in February.
Speaking on CNBC, Lee emphasized the disconnect between market performance and investor sentiment. &#8220;You&#8217;d think that with the S&amp;P doing well this week and a great May investors are bullish. They are not,&#8221; Lee said. &#8220;In our calls and zooms with portfolio managers many are still cautious because they see tariff risks ahead.&#8221;
Lee highlighted technical indicators supporting further upside. &#8220;Given the amount of cash on the sidelines, the fact that short interest is going up and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg up rally from here,&#8221; he stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This remains one of the "most hated" V-shaped rallies and yet we are within 2% of all-time highs LINK &#x1f517; <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> <a href="https://t.co/dBGY4w2Pma">https://t.co/dBGY4w2Pma</a> &#8211; short positioning, bear sentiment, better macro &#8211; possible <a href="https://twitter.com/hashtag/faceripper?src=hash&amp;ref_src=twsrc%5Etfw">#faceripper</a> rally<a href="https://twitter.com/fs_insight?ref_src=twsrc%5Etfw">@fs_insight</a> <a href="https://twitter.com/FundstratCap?ref_src=twsrc%5Etfw">@FundstratCap</a> <a href="https://twitter.com/hashtag/tuesdayvibe?src=hash&amp;ref_src=twsrc%5Etfw">#tuesdayvibe</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1930104421884502040?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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Why It Matters: Regarding tariff concerns, Lee downplayed their economic impact. He estimates a 10% tariff rate would create roughly a 1% GDP effect, comparing it to oil moving from $40 to $80. &#8220;We wouldn&#8217;t say $80 oil breaks the economy anymore,&#8221; Lee noted.
The Fundstrat strategist expects the Federal Reserve to remain dovish through 2026 as housing prices decline and deliver deflationary pressure. Housing represented 75% of inflation increases since 2019, according to Lee&#8217;s analysis.
For sector positioning, Lee favors the Magnificent Seven technology stocks alongside financials, industrials, and small caps for the second half of 2025. He views the MAG 7 as &#8220;the first to peak, the first to bottom&#8221; during recent market volatility.
Lee&#8217;s bullish outlook contrasts with mounting concerns from JPMorgan Chase Inc. CEO Jamie Dimon and others about potential bond market instability amid rising federal <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45746797/is-a-bond-market-crash-coming-jamie-dimon-blackrock-ray-dalio-and-others-sound-the-alarm">deficits and elevated long-term Treasury yields</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Equities

News

Markets

Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge

Needham analyst Laura Martin downgrades Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) from Buy to Hold and maintains the price target from $225 to $225.

Downgrades

Price Target

Analyst Ratings

AAPL

Needham Downgrades Apple to Hold, Maintains Price Target to $225

Post Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>), on Tuesday, disclosed that it entered into a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45757641/post-holdings-to-acquire-8th-avenue-food-provisions-updates-fiscal-year-2025-outlook" rel="noreferrer noopener">definitive agreement to acquire</a> 8th Avenue Food &amp; Provisions, Inc.
Post will retire 8th Avenue&#8217;s outstanding net debt as part of the deal and purchase all equity interests, resulting in a net payment of around $880 million.
The acquisition price includes an assumption of&nbsp;$111 million in finance leases, and the balance will be paid in cash to settle outstanding debt and to purchase the remaining equity interests not already held by Post.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45188975" rel="noreferrer noopener">SNAP Spending Shift Could Hit General Mills, PepsiCo Hard, Warns Analyst</a>
The transaction will be financed through a mix of available cash and borrowings under Post&#8217;s existing revolving credit line.
The deal is anticipated to slightly increase Post&#8217;s leverage, with the acquisition-adjusted net leverage ratio expected to be about 4.6x at closing.
8th Avenue operates in several categories, including branded and private-label dry pasta, as well as private-label nut butters, granola, and fruit and nut products.
The acquisition brings several strategic benefits to Post, including in-house production of its Peter Pan peanut butter, entry into the dry pasta market through the Ronzoni brand, and expanded presence in the growing granola segment of ready-to-eat cereals.
The transaction is expected to close on July 1, 2025, during Post&#8217;s fiscal fourth quarter, pending customary closing conditions.
Following the acquisition, 8th Avenue&#8217;s financial performance will be included under the Post&#8217;s Consumer Brands segment.
Post expects 8th Avenue will contribute around $115 million in adjusted EBITDA over the 12 months post-closing, excluding expected cost synergies.
These synergies are projected to reach an annual run rate of roughly $15 million by the end of fiscal 2026.
Additionally, 8th Avenue is expected to enhance Post&#8217;s free cash flow generation, supporting its focus on cash efficiency and maintaining capital allocation flexibility.
Subject to the successful closing of the 8th Avenue acquisition on July 1, 2025, Post updated its fiscal 2025 adjusted EBITDA guidance to a range of $1.46 billion–$1.5 billion, up from the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">previous range of $1.43–$1.47 billion</a>.
As of March 31, 2025, Post&#8217;s cash and cash equivalents <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45302827/post-holdings-reports-results-for-the-second-quarter-of-fiscal-year-2025-raises-fiscal-year-2025-o" rel="noreferrer noopener">stood at&nbsp;$617.6 million</a>.
Investors can gain exposure to the stock via&nbsp;First Trust Cons. Staples AlphaDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXG#NYSE">FXG</a>) and First Trust Horizon Managed Volatility Small/Mid ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSMV#NYSE">HSMV</a>).
Price Action: POST shares closed lower by 0.90% at $109.21 on Tuesday.
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</ul>
Photo via Shutterstock

HSMV

POST

Post Holdings Acquires 8th Avenue For $880 Million, Boosts Outlook

Second Quarter 2025 Outlook
Given trends to date and our expectations for the balance of the quarter, we believe second quarter comparable net sales growth will be towards the higher end of our full-year outlook range of 3% to 5%.
Over the balance of fiscal 2025, the company expects to mitigate the earnings impact of the cost pressures it faces, including higher tariffs. In the near-term, it does expect to see some earnings volatility based on the timing of the various inputs and outputs to the company's financial results. As such, we expect second quarter adjusted EPS from continuing operations could be down as much as 45 to 50 percent year-over-year before re-accelerating in the third and fourth quarters to meet our full-year earnings outlook.

Earnings

Guidance

DLTR

Dollar Tree Expect Q2 2025 Adjusted EPS From Continuing Operations Could Be Down As Much As 45-50% Year-over-year Before Re-accelerating In The Third And Fourth Quarters To Meet Full-year Earnings Outlook, Comparable Net Sales Growth Will Be Towards The Higher End Of Full-year Outlook Range Of 3%-5%

Needham analyst Mike Cikos maintains Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) with a Buy and raises the price target from $310 to $350.

Needham Maintains Buy on Zscaler, Raises Price Target to $350

XYLO

Xylo Technologies Announces That On May 29, 2025, Following Shareholder Approval, L.I.A Pure Capital Ltd. Filed A Request To The District Court Of Tel Aviv, Requesting That The Court Approve The Arrangement Between The Company And Its Shareholders

Our full-year fiscal 2025 outlook is presented on a continuing operations basis, reflecting the operations of our Dollar Tree segment, which includes corporate, support, and other. A quarterly and full-year reclassification of our 2024 results into continuing, discontinued, and consolidated operations was included as supplemental schedules in the company's fourth quarter fiscal 2024 earnings press release, published on March 26, 2025.
Additionally, our outlook assumes that the level of tariffs in place today, June 4, 2025, remains in effect for the balance of the fiscal year. It further assumes that we will be able mitigate most of the incremental margin pressure from higher tariffs and other input costs.
The Company continues to expect its full-year fiscal 2025 net sales from continuing operations to be in the range of $18.5 billion to $19.1 billion, based on comparable store net sales growth in the range of 3% to 5%.
The company is updating its prior adjusted diluted EPS from continuing operations outlook range to $5.15 to $5.65 to reflect the effect of our year-to-date share repurchases. Additional share repurchases are not included in the updated outlook.
Our outlook for adjusted diluted EPS from continuing operations includes SG&amp;A costs associated with shared services that are provided to the Family Dollar business. These costs will be incurred for the entirety of fiscal year 2025. Under a Transition Services Agreement (TSA) that would begin with the anticipated closing of the sale in the second quarter of fiscal 2025, the Family Dollar buyer will reimburse the Company for the cost of providing these services. Because Dollar Tree will bear the full year of the costs to support Family Dollar but only expects to receive offsetting reimbursement income in the second half of the year, the Company's full-year earnings will be negatively impacted by approximately $0.30 to $0.35, with that impact concentrated in the first two quarters of the fiscal year.

Dollar Tree Raises FY2025 Adj EPS Guidance from $5.00-$5.50 to $5.15-$5.65 vs $5.21 Est; Affirms FY2025 Sales Guidance of $18.50B-$19.10B vs $18.95B Est

On Tuesday, the White House formally submitted a $9.4 billion budget rescission request to Congress, aimed at foreign aid and public broadcasting. This is the first official rollback of funds under the Department of Government Efficiency (DOGE).
What Happened: Speaker Mike Johnson (R-La.) confirmed the House had received the administration's request, stating, "The House will act quickly on this request," The Hill <a href="https://thehill.com/business/budget/5330575-white-house-congress-doge-cuts-usaid-npr-pbs/">reported</a>. President Donald Trump's message mentioned 22 rescissions involving funds from agencies like the State Department, USAID, the U.S. Institute of Peace and the Corporation for Public Broadcasting (CPB), which supports NPR and PBS.
The majority of the proposal concerns $8.3 billion in foreign aid, much of which was previously allocated to USAID before it was withdrawn under DOGE. Cuts include nearly $9 million from the President's Emergency Plan for AIDS Relief (PEPFAR), $22 million from the African Development Foundation, and over $2 billion from other development programs such as those administered by UNICEF and the UNDP.
Office of Management and Budget (OMB) officials cited spending that funded LGBTQ+ initiatives, gender equity, climate change programs, and overseas health services as "wasteful." The rescissions also propose withdrawing $1.6 billion from the Economic Support Fund and $800 million from the Migration and Refugee Assistance account, which backs refugee resettlement and humanitarian aid.
The administration's proposal also targets $1.1 billion in CPB funding, including $535 million in advance appropriations for both fiscal years 2026 and 2027. The request states these funds support "a public media system that is politically biased and an unnecessary expense to the taxpayer."
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45740298/googles-demis-hassabis-says-ai-natives-have-very-valuable-jobs-waiting-for-them-but-they-need-to-study-these-subjects-at-school">Google&#8217;s Demis Hassabis Says AI Natives Have &#8216;Very Valuable&#8217; Jobs Waiting For Them, But They Need To Study These Subjects At School</a>
Why It Matters: The first round of cuts represents a small portion of the $175 billion in total savings that DOGE claims it has achieved through several cost-cutting procedures. However, Democrats on crucial appropriations panels have accused the administration of unlawfully blocking $425 billion in congressionally approved funds.
Senate Appropriations Chair Susan Collins (R-Maine) reiterated the importance of a thorough review, highlighting potential consequences for global health, emergency communications, and public media in rural communities. Other Republicans have also raised concerns, especially over the local impact of eliminating PEPFAR and public broadcasting funds.
According to the Impoundment Control Act of 1974, Congress has 45 days to act on the request. If it fails to approve the cuts, the administration must issue the funds.
Trump had attempted to use this process during his first term, but his efforts were unsuccessful. On the other hand, reports indicate that <a href="https://www.benzinga.com/25/04/44778750/musks-government-efficiency-push-falls-short-as-treasury-data-shows-spending-up-sharply-under-trumps-second-term-report">government spending has increased</a> since Trump took office, and Elon Musk, the face of DOGE, announced his decision to <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">step back</a> from the initiative after enacting <a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">$175 billion in cuts</a>, instead of the initial goal of <a href="https://www.benzinga.com/25/04/44759007/did-elon-musk-just-lower-doges-1-trillion-savings-target-to-150-billion-in-a-second-revision-since-jan">$1 trillion</a>.
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Photo courtesy: Tada Images / Shutterstock.com

Government

Trump Sends Congress $9.4 Billion DOGE Cut Proposal Targeting NPR, PBS, LGBTQ Initiatives And Overseas Climate Funding

GPUS

Hyperscale Data Announced Indirectly Owned Subsidiary Bitnile.Com, Inc. Is Now Accepting The Nile Coin As A Form Of Payment For A Package Of Bitnile.Com's Virtual In-game Currency, Nile Tokens

General

Dollar Tree Reported Q1 2025 Same-Store Net Sales +5.4% on +2.5% Traffic and +2.8% Ticket

Dollar Tree Q1 2025 Adj. EPS $1.26 Beats $1.21 Estimate, Sales $4.64B Beat $4.53B Estimate

Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) affirms FY2025 GAAP EPS guidance from $3.30-$4.00 to $3.30-$4.00 vs $3.59 analyst estimate. Affirms FY2025 sales outlook from $9.00 billion-$9.50 billion to $9.00 billion-$9.50 billion vs $9.25 billion estimate.

Thor Industries Affirms FY2025 GAAP EPS Guidance of $3.30-$4.00 vs $3.59 Est; Affirms FY2025 Sales Guidance of $9.00B-$9.50B vs $9.25B Est

Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDU#NYSE">BEDU</a>), a global premier education service company, today announced that its board of directors (the "Board") has formed a special committee consisting of two independent directors, Mr. Jun Zhao and Mr. Meng Rui, who are unaffiliated with the Proposal,&nbsp;to evaluate and consider the previously announced preliminary non-binding proposal letter dated May 26, 2025 (the "Proposal"). Mr. Jun Zhao chairs the special committee.
The Board cautions the Company's shareholders and others considering trading the Company's securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.&nbsp;

BEDU

Bright Scholar Forms Special Committee to Review Buyout Proposal, No Deal Finalized Yet

April&#8217;s better-than-expected job openings data hinted that businesses were looking past the tariff-induced tension. However, the Bureau of Labor Statistics (BLS) called it "little changed" as analysts assessed its impact on the stock market.
What Happened: Job openings rose to 7.391 million in April from 7.200 million in March, according to the Job Openings and Labor Turnover Survey (JOLTS) from the BLS.
April's release beat the 7.100 million consensus forecast. But the BLS called the <a href="https://www.benzinga.com/25/05/45661563/one-in-four-americans-are-functionally-jobless-the-true-unemployment-metric-thats-raced-to-its-highest-in-months">level of openings</a> "little changed," meaning that their survey didn't have enough respondents to be statistically convincing that the monthly increase was a signal and not noise.
The CIO at Northlight Asset Management, Chris Zaccarelli, said that the higher-than-expected job openings were a good sign for the economy, as many were worried that the tariff uncertainty was weighing too heavily on businesses.
According to him, businesses felt confident to hire and expand. The data shows that &#8220;businesses are looking past the tariff issues for now, and that should give a lift to the market,&#8221; said Zaccarelli.
Despite Zaccarelli&#8217;s positive take, Bill Adams, the chief economist at Comerica Bank, highlighted that &#8220;Openings in manufacturing, leisure and hospitality, and government hit the lowest since the post-pandemic hiring surge. Slumping openings in these industries reflect headwinds from tariffs, shaky consumer confidence, and DOGE.&#8221;
However, he acknowledged that most industries saw gains for the month, which demonstrated that the job market is in pretty good shape.
Zaccarelli also cautioned that there were concerns about businesses putting capital expenditures on hold or even just slowing down their spending, but he added, &#8220;We're optimistic that the trade negotiations that are underway will lead to trade deals and a reduction in uncertainty, which has been weighing on the economy.&#8221;
&#8220;The labor market is returning to more normal levels despite the uncertainty within the macro outlook. Underlying patterns in hirings and firings suggest the labor market is holding steady,&#8221; explained Jeffrey Roach, the chief economist at LPL Financial.
According to him, if the labor market holds, the Federal Reserve can remain in the "wait and see" mode before it restarts its rate cutting.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45764818/bill-ackman-urges-end-to-fannie-mae-freddie-mac-conservatorship-says-will-enable-them-to-operate-more-successfully-and-efficiently">Bill Ackman Urges End To Fannie Mae, Freddie Mac Conservatorship: Says Will Enable Them To &#8216;Operate More Successfully And Efficiently&#8217; </a>
Why It Matters: Hiring in April rose to 5.573 million from 5.404 million and was the strongest since May 2024.
Most of the monthly increase was in leisure and hospitality, up 112,000, including a 106,000 increase in accommodation and food services.
Hires rose 69,000 in professional and business services, 42,000 in construction, and 31,000 in healthcare and social assistance. However, it fell 53,000 in retail, 31,000 in finance and insurance, and 17,000 in wholesale.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.19% at $597.20, while the QQQ advanced 0.18% to $528.25, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.
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</ul>
Photo courtesy: Shutterstock

Economics

Businesses Looking Past Tariff Issues? April Job Openings Beat Expectations: 'Should Give A Lift To The Market'

Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported quarterly earnings of $2.53 per share which beat the analyst consensus estimate of $1.83 by 38.25 percent. This is a 18.78 percent increase over earnings of $2.13 per share from the same period last year. The company reported quarterly sales of $2.89 billion which beat the analyst consensus estimate of $2.48 billion by 16.88 percent. This is a 3.35 percent increase over sales of $2.80 billion the same period last year.

Earnings Beats

Thor Industries Q3 EPS $2.53 Beats $1.83 Estimate, Sales $2.89B Beat $2.48B Estimate

On June 2, 2025, Mr. Chi Weng Tam notified mF International Limited (the "Company") of his resignation as the chief executive officer (the "CEO"), effective June 2, 2025. Mr. Chi Weng Tam has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
To fill the vacancy created by Mr. Chi Weng Tam's departure, on June 2, 2025, the board of directors of the Company (the "Board") appointed Mr. Haoyu Wang to serve as the new CEO of the Company, effective June 2, 2025. The appointment of Mr. Haoyu Wang as the CEO has no specific term and can be terminated by either Mr. Haoyu Wang or the Company with three-month advance notice. The biographical information of Mr. Haoyu Wang is set forth below.
&nbsp;
Mr. Haoyu Wang, age 40, served as the general manager, executive director, investment director, and information reporting officer of Hangzhou Hengqing Ruixing Private Equity Fund Management Co., Ltd. from April 2020 to May 2025. He was responsible for sourcing, evaluating, and executing high-value investment opportunities, leading due diligence processes, and overseeing portfolio management to drive value creation and maximize returns. Mr. Wang also actively engaged with portfolio companies to implement strategic improvements and ensure alignment with investment objectives. Since January 2024, he has served as a director of Trend Up Investment (HK) Limited. Mr. Wang received his Bachelor's degree in Software Engineering from Xiamen University in 2008 and a Master's degree in Business Economics from Monash University, Australia, in 2013.
&nbsp;
Mr. Wang does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
&nbsp;
Change of CFO
&nbsp;
On June 2, 2025, Mr. Yun Pan Lau notified the Company of his resignation as the chief financial officer (the "CFO"), effective June 2, 2025. Mr. Yun Pan Lau has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
To fill the vacancy created by Mr. Yun Pan Lau's departure, on June 2, 2025, the Board appointed Ms. Yang Liu to serve as the new CFO of the Company, effective June 2, 2025. The appointment of Ms. Yang Liu as the CFO has no specific term and can be terminated by either Ms. Yang Liu or the Company with three-month advance notice. The biographical information of Ms. Yang Liu is set forth below.
&nbsp;
Ms. Yang Liu, age 38, served as the managing director at GoldenSand Capital from January 2016 to May 2025. In this role, she oversaw the firm's investment activities and managed cross-border business operations in the European Union, United Kingdom, and Latin America. From June 2021 to January 2023, Ms. Liu served as a director at HG Semiconductor Limited, a Hong Kong-listed company (HKEX: 6908). From 2012 to 2015, Ms. Liu was employed as a senior specialist at Telefonaktiebolaget LM Ericsson, a multinational networking and telecommunications company listed on the Nasdaq Stock Market LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), where she gained experience in financial services and technology sectors. Ms. Liu received her Bachelor's degree in Business Administration from Tongji University, China, in 2009 and a Master's degree in Finance from Audencia Nantes École de Commerce, France, in 2010. She has been a Chartered Financial Analyst (CFA) charterholder since 2019, accredited by the CFA Institute. Her professional background includes extensive experience in international finance, investment management, and corporate governance.
&nbsp;
Ms. Liu does not have a family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.
&nbsp;
Resignation and Appointment of Independent Directors
&nbsp;
On June 2, 2025, Mr. Sum (Philip) Cheng, Ms. Lai Sum (Christina) Liu and Mr. Cheuk Ho Chan notified the Company of their resignation as directors and members of the audit committee, compensation committee and nominating and corporate governance committee, effective June 2, 2025. Mr. Cheng, Ms. Liu and Mr. Chan have advised that their resignations were due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
&nbsp;
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To fill the vacancies created by Mr. Cheng, Ms. Liu and Mr. Chan's departures, on June 2, 2025, the Board appointed Ms. Yahong Hu as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the audit committee; Mr. Wei Qian as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the compensation committee; Mr. Philippe Douste-Blazy as an independent director of the Company, a member of each of the nominating and corporate governance committee, audit committee, and compensation committee, and the chairperson of the nominating and corporate governance committee. The Company has determined that Ms. Yahong Hu, Mr. Wei Qian and Mr. Philippe Douste-Blazy satisfy the "independence" requirements of the corporate governance rules of the Nasdaq Stock Market LLC ( "Nasdaq"), and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The Board has also determined that Ms. Yahong Hu qualifies as an audit committee financial expert under the rules of the U.S. Securities and Exchange Commission and as a financially sophisticated audit committee member under the Nasdaq listing rules. The biographical information of Ms. Yahong Hu, Mr. Wei Qian and Mr. Philippe Douste-Blazy is set forth below.
&nbsp;
Ms. Yahong Hu, age 33, has served as the finance manager at Beijing Qingping Zhimo Information Technology Co., Ltd. since June 2023. She possesses extensive expertise in finance, accounting, auditing, and regulatory compliance, gained through her progressive roles in the financial department of Beijing Hongjia Investment Management Co., Ltd. from September 2018 to May 2023. In these capacities, Ms. Hu was responsible for financial reporting, budgeting, internal controls, audit coordination, and ensuring adherence to both domestic and international accounting standards. Ms. Hu received her Bachelor's degree in Accounting from Soochow University in 2014 and her Master's degree in Accounting from Brock University in St. Catharines, Ontario, Canada, in 2016.
&nbsp;
Mr. Wei Qian, age 39, has served as a partner at DeHeng Law Offices (Hangzhou), a leading full-service law firm known for its comprehensive legal services in capital markets, banking and finance, and regulatory compliance, with a significant track record advising on major domestic and cross-border transactions, since June 2019. Prior to this, Mr. Qian practiced as a lawyer at Beijing Yingke (Hangzhou) Law Firm from August 2017 to June 2019. Mr. Qian possesses extensive legal expertise in corporate listings, financing, mergers and acquisitions, equity incentive plans, and private equity fund-related legal services. He is highly experienced in regulatory compliance, securities law, and fund management regulations, holding professional qualifications in securities practice and futures practice. His work includes advising on complex transactions and ensuring adherence to evolving legal and regulatory frameworks, reflecting his strong capability in navigating capital markets and compliance matters. Mr. Qian received his Bachelor's degree in Law from Zhongnan University of Economics and Law in 2008.
&nbsp;
Mr. Philippe Douste-Blazy, age 72, served as a member of the board of Cleveland Clinic Abu Dhabi, a U.S.-based healthcare provider in Abu Dhabi, from 2019 to 2024. In 2019, Mr. Douste-Blazy established the United Nations Fund, UNITLIFE, which focuses on addressing chronic malnutrition. In addition, in 2006, Mr. Douste-Blazy founded UNITAID, an organization hosted by the United Nations that facilitates access to medications for AIDS, tuberculosis, malaria, and hepatitis for underserved populations globally. Mr. Douste-Blazy has held multiple senior positions, including Under-Secretary-General of the United Nations and Special Adviser on Innovative Financing for Development at the United Nations. His ministerial roles in the French government included Minister of Health and Social Protection, Minister of Solidarity, Health and Family, Minister of Culture, and Minister of Foreign Affairs. Mr. Douste-Blazy's academic appointments include a professor at the Faculty of Medicine of Toulouse (1988–2007), a professor at the Faculty of Medicine of Paris (2007–2016), and an adjunct professor at Harvard Medical School (2013–2018). Mr. Douste-Blazy holds MD and PhD degrees from Paul Sabatier University. He has received several honors, including the Clinton Global Citizen Award (2011), Commander of the French Order of Arts et Lettres, Commander of the Norwegian Order, Knight of the French Legion of Honor, and Knight of the Order of Malta.
&nbsp;
None of Ms. Hu, Mr. Qian, or Mr. Douste-Blazy has a family relationship with any other director or executive officer of the Company, and none of them has been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K.

Management

ERIC

mF International Appoints Haoyu Wang as CEO, Replacing Chi Weng Tam; Yang Liu Named CFO, Succeeding Yun Pan Lau

On Tuesday, June 3, U.S. markets closed higher, driven by gains in Nvidia and other chipmakers, as optimism around potential U.S. trade negotiations boosted investor sentiment. News of an upcoming Trump-Xi call eased recession concerns amid tariff uncertainty. Factory orders fell, and layoffs rose, signaling economic strain. Wells Fargo rallied on Fed relief, Dollar General jumped, while Kenvue slid on retailer destocking.
In economic data, U.S. job openings rose by 191,000 to 7.39 million in April, beating expectations of 7.10 million. Factory orders fell 3.7% to $594.6 billion after a 3.4% rise in March.
Most S&amp;P 500 sectors ended higher on Tuesday, led by energy, materials, and tech. Communication services and real estate are closed in red.
The Dow closed higher by 0.51% at 42,519.64, the S&amp;P 500 gained 0.58% to 5,970.37, and the Nasdaq rose 0.81% to 19,398.96.
<h2 class="wp-block-heading">Asia Markets Today</h2>
On Wednesday, Japan&#8217;s Nikkei 225 closed 0.78% higher at 37,738.00, led by gains in the Real Estate, Banking, and Textile sectors.
Australia&#8217;s S&amp;P/ASX 200 rose 0.89%, ending the session at 8,541.80, led by gains in the Energy, Consumer Discretionary, and Financials sectors.
India&#8217;s Nifty 50 was up 0.35% at 24,626.55, and Nifty 500 rose 0.42% to 22,805.20.
China&#8217;s Shanghai Composite was up 0.42% at 3,376.20, and Shanghai Shenzhen CSI 300 gained 0.43% to 3,868.74.
Hong Kong&#8217;s Hang Seng closed the session 0.60% higher at 23,654.03.
<h2 class="wp-block-heading">Eurozone at 05:45 AM ET</h2>
The European STOXX 50 index was up 0.79%.
Germany&#8217;s DAX index gained 0.88%.
France&#8217;s CAC 40 rose 0.85%.
U.K.&#8217;s FTSE 100 index traded higher by 0.17%.
<h2 class="wp-block-heading">Commodities at 05:45 AM ET</h2>
Crude Oil WTI was trading higher by 0.33% at $63.62/bbl, and Brent was up 0.35% at $65.68/bbl.
Oil prices steadied as OPEC+ output concerns and Canadian wildfire disruptions balanced each other, while trade tensions and geopolitical risks continued to weigh on global economic sentiment.
Natural gas slid 0.78% to $3.692.
Gold traded higher by 0.24% to $3,385.27, Silver rose 0.12% to $34.675, and Copper was up 0.88% to $4.8765.
<h2 class="wp-block-heading">U.S. Futures at 05:45 AM ET</h2>
Dow Jones futures rose 0.16%, S&amp;P 500 gained 0.21%, and Nasdaq 100 was up 0.18%.
<h2 class="wp-block-heading">Forex at 05:45 AM ET</h2>
The U.S. Dollar Index slid 0.08% to 99.17, USD/JPY was up 0.09% to 144.10, and USD/AUD fell 0.61% to 1.5441.
The dollar slipped as markets focused on Trump&#8217;s tariff talks with China and awaited key economic data, while major currencies, including the euro and sterling, gained slightly.
Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

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

Asia Markets Rise, Europe Follows; Dollar Pressured As Trade Talks In Focus - Global Markets Today While US Slept

As previously disclosed, Vitesse Energy, Inc. ("VTS") was the plaintiff in an ongoing dispute in state court in North Dakota with one of its operators related to post-production deductions from revenues. The trial was scheduled to begin June 16, 2025. Effective as of May 28, 2025, VTS has resolved this pending litigation in North Dakota with Hess. VTS will receive a one-time cash payment of $24 million no later than June 25, 2025, has elected to take virtually all of its gas production from Hess-operated wells in-kind commencing July 1, 2025, and has entered into long term gas gathering, processing and marketing agreements with Hess affiliates.
 &nbsp;

Legal

Vitesse Settles Legal Dispute with Hess, Will Receive $24M and Take Control of Its Gas Output

On Wednesday, Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>), along with the Government of Ghana, Tullow Oil plc, PetroSA, the Ghana National Petroleum Company (GNPC), and Explorco <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45763746/the-government-of-ghana-tullow-oil-kosmos-energy-petrosa-gnpc-and-explorco-sign-memorandum-of-unde" rel="noreferrer noopener">inked a Memorandum of Understanding (MOU)</a>.
The deal extends the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses, covering the Jubilee and TEN oil fields, through 2040.
The agreement includes authorization to drill up to 20 new wells in the Jubilee field, representing a potential investment of up to $2 billion throughout the extended licenses.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/05/45655155/exxon-stock-vs-chevron-the-11-billion-barrel-oil-war-that-could-shake-up-energy-etfs" rel="noreferrer noopener">Exxon Stock Vs. Chevron: The 11 Billion Barrel Oil War That Could Shake Up Energy ETFs</a>
This extension is expected to boost gross 2P reserves for the joint venture partners significantly.
The next steps include submitting an addendum to the Jubilee Plan of Development (PoD) for approval, finalizing new fully-termed gas sales agreements (GSAs), and seeking parliamentary approval for both the payment security mechanism and the license extensions.
These actions are targeted for completion by the end of the third quarter of 2025.
The Honorable John Abdulai Jinapor, Ghana&#8217;s Minister for Energy and Green Transition, said, &#8220;This Memorandum of Understanding between the Republic of Ghana and the DWT and WCTP partners marks a significant step forward in our nation&#8217;s energy sector. Extending the licenses to 2040 demonstrates our commitment to fostering a stable and attractive investment climate.&#8221;
&#8221;This MOU will not only ensure the continued production of oil, supporting our economic growth but also allow us to further develop our infrastructure and create more job opportunities for our citizens.&#8221;
Richard Miller, CFO and Interim CEO of Tullow, added, &#8220;This is a valuable step forward for the Government of Ghana, Tullow, and our JV partners, highlighting the collaborative and constructive relationship we all have in reaching our shared goal of building a better future for the people of Ghana, through responsible oil and gas development.&#8221;
&#8221;This extension and the fiscal stability of our contracts emphasizes the opportunity Ghana represents to deliver additional value through production and reserves additions, providing greater long-term optionality and materiality to these core assets,&#8221; he added.
Andrew G. Inglis, chairman and CEO of Kosmos, stated, &#8220;This memorandum of understanding recognizes the importance of oil and gas in Ghana and the desire of the new administration to create an attractive environment for new investment in the sector. Extending the Ghana production licenses is highly accretive, adding material reserves and enabling the partnership to continue investing in the country for the long-term.&#8221;
Price Action: KOS shares are trading higher by 2.20% to $1.86 premarket at last check Wednesday.
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