HIGHWAY HOLDINGS LTD (HIHO): Financial results for FY2027

Highway Holdings Ltd (Nasdaq: HIHO) said it signed a non-binding LOI with Guangdong Huahu New Energy Technology (Wowtiger) to form a Hong Kong joint venture. Highway would contribute about $2.0m cash for 57% ownership, Huahu about $1.5m in products/technology for 43%. The venture would pursue SKD rights in Germany, Italy, the US and some South American markets, with milestone-based restricted-share issuances up to 400,000 shares plus other incentives.

Highway Holdings (NASDAQ:HIHO) reported Q1 FY2027 EPS of $0.02 versus $0.01 a year earlier, revenue of $1.999M versus $1.547M, and operating income improving from a $138K loss to a $59K profit. Cash and cash equivalents were $3.9M. CEO Roland Kohl cited the loss of a long-standing Myanmar customer and said the firm is shifting toward partnerships and a more product-driven model.

Highway Holdings (Nasdaq: HIHO) reported fiscal Q4 net sales of $0.93 million vs $1.5 million a year earlier, with gross profit of $246,000 and a net loss of $1.1 million ($0.24/share). Full-year net sales fell to $4.8 million from $7.4 million, with a $1.5 million net loss. The company cited reduced orders tied to Myanmar instability and tariffs, plus a $125,000 impairment charge, and said its Regent-Feinbau acquisition aims to diversify OEM exposure.

Interactive Brokers (IBKR) reported $182.4B in uninvested client cash, up 27% YoY, earning interest until invested. Anthropic's potential $2T IPO could impact cash levels, but SpaceX's IPO didn't drain IBKR's reserves. IBKR's Q2 net interest income rose 23% to $1.06B, half of total revenues. Client accounts and trading activity grew, mitigating cash outflows. IBKR stock is near $92, trading at 29x next year's earnings.

Oracle (ORCL) reported strong Q4 earnings with 21% revenue growth and raised its profit forecast. Morgan Stanley increased its price target to $210, citing improved GPUaaS margins. However, the company faces cash flow pressure due to high capital expenditures for AI infrastructure, with free cash flow at negative $23.7 billion. Hedge funds remain invested, with Fisher Asset Management increasing its stake.

Broadcom (AVGO) raised its AI chip revenue forecast to $115B for FY2027, up from $100B, and expects $230B in FY2028. This reflects Big Tech's demand for custom chips and networking components, reducing reliance on Nvidia (NVDA). KeyBanc reiterated an Overweight rating and $575 price target for AVGO. AVGO's Q3 revenue rose 86% YoY to $29.6B, but Q4 guidance was slightly below expectations. Hedge funds hold positions in both AVGO and NVDA, with Fisher Asset Management among the top holders.