STUDIO CITY INTERNATIONAL HOLDINGS Ltd (MSC): Financial results for Q2 2026

Major ocean carriers are ordering new container ships at the fastest pace since 2009. MSC, HMM, Maersk, CMA CGM, and Cosco Shipping have placed large orders, with deliveries expected between 2027 and 2030. Maersk's CEO noted high vessel utilization and growing demand, while Hapag-Lloyd focuses on acquiring ZIM. According to Linerlytica, global orders now represent 46.5% of the existing fleet, with BIMCO projecting a 9% fleet growth in 2027.

Malaysia Smelting Corp (MSC) shares hit an all-time high after Q1 profit jumped 456% to RM42.93m (vs RM7.72m), with revenue up 23.6% to RM457.04m, according to an exchange filing. The rise was attributed to higher tin prices and sales of tin intermediates. MSC declared a 4 sen special dividend.

Ategrity Specialty (ASIC) reported Q3 cash and investments up $33.5M to $1.24B, with book value per share at $13.72. The company plans to increase fixed-income investments to 90% of its portfolio. ASIC launched four specialty products using AI and expects gross written premium growth to exceed market growth by 15-20 percentage points in Q4. The company did not repurchase shares in Q3 but plans to use remaining $47M authorization in Q4.

Crown Castle (CCI) expects 2026 to be the low point for organic growth and anticipates over 200 basis points of margin expansion by 2030. The company paid $275 million to extend a customer's lease terms, which is expected to increase site-rental billings and reduce prepaid-rent amortization. Crown Castle also increased its discretionary capital expenditure guidance by $40 million, reflecting a higher expected volume of ground lease buyouts.

SEI Investments (SEIC) reported Q3 earnings with IMS revenue and operating profit up 14% YoY. Private banking revenue rose 11%, while operating profit increased 38%. The Advisors segment grew due to the Stratos acquisition. Institutional revenue declined 2% YoY. Margins were affected by a $6M incentive compensation accrual. SEIC ended the quarter with $400M in cash after repurchasing $215M of shares.

Tesla reported 13.7 GWh of energy storage deployment, with energy gross margin rising to 33.1%. Musk highlighted strong Megapack demand and revised full-year capital expenditure to $20B. The company also discussed Robotaxi expansion, Optimus robot production, and chip manufacturing plans. Tesla ended Q3 with $1.5B in free cash flow and $45B in cash.