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Novatek
Trends
- 1
Russian markets are focused on dividend news. LUKOIL's board has recommended payouts of 535 rubles per share for the first nine months of the year, while analysts say the market no longer expects dividends from Gazprom. Sovcombank analysts issued forecasts for Russian oil companies, state firms are set to pay around 1 trillion rubles in total, and large private payouts were reported for Novatek, Sibur, and retailers Krasnoye i Beloye and Bristol.
- 2
Novatek is drawing attention in Russian financial circles after the Moscow Exchange index climbed above 2,320 points and closed the week in positive territory, according to Interfax. The independent gas producer remains one of the most closely watched names on the Russian market, and investors appear to be tracking its performance alongside the broader index rally.
- 3Novatek quarterly revenue tops NT$30 billion▼Novatek quarterly revenue tops NT$30B as smartphone demand, edge AI chips lift results
Taiwanese chip designer Novatek reported quarterly revenue exceeding NT$30 billion, driven by stronger smartphone demand and growing sales of edge AI chips. The results point to a recovery in display driver IC demand as handset orders pick up and AI processing moves to devices at the edge, boosting orders for the company's chips.