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Smartkarma Newswire

Aker BP ASA (AKRBP) Earnings: Strong 2Q Revenue Beats Estimates with $3.38 Billion

By | Earnings Alerts
  • Aker BP’s revenue for the second quarter stands at $3.38 billion, surpassing the estimated $3.31 billion.
  • Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) is $2.97 billion, compared to an estimate of $2.92 billion.
  • Earnings Before Interest and Taxes (Ebit) amounts to $2.30 billion.
  • Pre-tax income reported is $2.28 billion, slightly below the estimated $2.31 billion.
  • Net income is $561 million, exceeding the estimate of $529.9 million.
  • Earnings Per Share (EPS) is 89 cents, higher than the expected 86 cents.
  • Dividend per share declared is 60 cents.
  • Exploration expenses are $107.6 million, higher than the estimated $81.3 million.
  • Analyst recommendations: 13 buys, 11 holds, and 1 sell.

A look at Aker BP ASA Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts predict a positive long-term outlook for Aker BP ASA, an oil and gas exploration company, based on their Smartkarma Smart Scores. With high scores in Dividend and strong scores in Value, Growth, Resilience, and Momentum, Aker BP ASA is positioned well for future success. The company’s focus on exploring and developing petroleum resources in the Norwegian Shelf has contributed to its favorable score, indicating promising prospects ahead.

Aker BP ASA‘s impressive Smart Scores, particularly in Dividend and Growth, highlight the company’s robust financial standing and potential for expansion. With a solid foundation in resilience and a growing momentum, Aker BP ASA is poised to continue its upward trajectory in the oil and gas industry. Investors may find Aker BP ASA to be an attractive long-term investment option based on its positive outlook and consistent performance in the sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Air China Ltd (A) (601111) Earnings: Preliminary 1H Net Loss Between 2.3B to 3B Yuan

By | Earnings Alerts
  • Air China anticipates a preliminary net loss of approximately 2.3 billion to 3 billion yuan for the first half of 2024.
  • For comparison, the company reported a net loss of 3.45 billion yuan in the first half of 2023.
  • The recovery of China’s economy in 2024 led to an overall increase in aviation market demand.
  • Despite the economic recovery, Air China still faced operating losses in the first half of 2024.
  • Contributing factors to these losses include:
    • Slower-than-expected recovery of international routes.
    • Intensified competition in the domestic market.
    • Fluctuations in factor prices, including oil prices and exchange rates.
  • Current analyst ratings for Air China:
    • 16 buy recommendations
    • 2 hold recommendations
    • 2 sell recommendations

A look at Air China Ltd (A) Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking ahead, Air China Ltd (A) shows a promising long-term outlook, especially in terms of growth and momentum. With a high score of 5 in Growth and 4 in Momentum, the company is positioned well for expansion and sustained performance. Air China’s focus on developing and expanding its operations signals potential for increased market presence and profitability in the future.

However, the company’s overall outlook is somewhat tempered by lower scores in Value and Dividend at 2 and 1, respectively. This indicates that investors may need to carefully evaluate the company’s valuation and dividend policies. Despite these factors, Air China’s resilience score of 2 suggests a degree of stability and adaptability in the face of market challenges. Overall, with a strong emphasis on growth and positive momentum, Air China Ltd (A) appears poised for continued success in the airline industry.

Summary: Air China Limited provides passenger, cargo, and airline-related services in China. The Company, based in Beijing, serves as a major hub for both domestic and international air transportation. Air China’s offerings include a range of services such as aircraft maintenance, ground services, and in-flight catering, positioning it as a significant player in the aviation sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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T. Rowe Price Group (TROW) Earnings: $1.57T Assets Under Management as of June 30

By | Earnings Alerts
  • Assets Under Management: T. Rowe Price has a total of $1.57 trillion in assets under management as of June 30, 2024.
  • Equity Assets: Of the total assets, $810 billion are in equity assets.
  • Analyst Recommendations: Investment analysts have provided recommendations on T. Rowe Price stock with the following distribution:
    • 0 Buys
    • 10 Holds
    • 5 Sells

A look at T. Rowe Price Group Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, T. Rowe Price Group‘s long-term outlook appears positive. The company receives a solid score in Dividend and Resilience, indicating strong performance in these areas. Their ability to provide consistent dividends and weather market uncertainties is a positive sign for investors.

However, there are areas where T. Rowe Price Group can improve, with average scores in Value, Growth, and Momentum. These scores suggest that the company may need to focus on enhancing its value proposition, pursuing growth opportunities, and building market momentum to further strengthen its position in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Conagra Foods (CAG) Earnings: 4Q Net Sales Align with Estimates Despite Inflation Challenges

By | Earnings Alerts
  • Conagra’s 4th quarter net sales were $2.91 billion, a decrease of 2.3% year-over-year, meeting the estimate of $2.93 billion.
  • Grocery & Snacks net sales were $1.17 billion, down 2.1% year-over-year, compared to the estimate of $1.2 billion.
  • Refrigerated & Frozen net sales were $1.17 billion, a decline of 3.8% year-over-year, meeting the estimate.
  • International net sales rose to $266.8 million, an increase of 6.5% year-over-year, exceeding the estimate of $258.8 million.
  • Foodservice net sales were $291.4 million, down 3.9% year-over-year, short of the estimate of $302.5 million.
  • Organic net sales saw a decrease of 2.4% compared to a 2.2% increase in the previous year, with the estimate being a 1.61% decline.
  • The company expects cost of goods sold inflation to persist into fiscal 2025.
  • CEO Sean Connolly highlighted that investments in brands have driven volume improvement in the Domestic Retail business.
  • Analyst recommendations include 3 buys, 13 holds, and 1 sell.

Conagra Foods on Smartkarma

Analyst coverage of Conagra Foods on Smartkarma reveals a positive outlook from top independent analysts. Value Investors Club highlights Conagra’s undervalued stock, strong brand portfolio, experienced management team, and debt reduction focus, projecting a potential 10-12% annualized return with minimal downside risk over the next three years. Similarly, Baptista Research notes Conagra’s positive tone on performance and future prospects, emphasizing the importance of volume for growth despite some operational concerns. With an emphasis on consumer behavior and impressive gains in margins, Conagra Brands Inc. remains resilient in the face of market challenges, showcasing the strength of its brand over the long term.


A look at Conagra Foods Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores provided for Conagra Foods, the company seems to have a promising long-term outlook. With high scores in Value and Dividend, Conagra Foods demonstrates strong fundamentals and attractive shareholder returns. Additionally, its Momentum score of 4 suggests positive price trend signals in the market. However, the Growth score of 3 indicates some room for improvement in terms of expanding its business operations. Similarly, the Resilience score of 2 highlights potential vulnerabilities that the company may need to address to strengthen its stability.

Conagra Foods, Inc. is a company that manufactures and sells a variety of packaged foods catering to retail consumers, restaurants, and institutions. Their product range includes meals, condiments, snacks, and specialty potato products, among others. With solid scores in Value, Dividend, and Momentum, Conagra Foods appears to be well-positioned to deliver value to investors and maintain stability in the market. Efforts to improve Growth and Resilience factors could further enhance the company’s long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Eastern Airlines (670) Earnings: Preliminary 1H Net Loss Between 2.4B and 2.9B Yuan

By | Earnings Alerts
  • China Eastern Airlines reports a preliminary net loss between 2.4 billion yuan and 2.9 billion yuan for the first half of 2024.
  • The company attributes the expected loss to several factors, including:
    • Increased competition in the domestic market.
    • High fuel prices.
  • Analysts’ recommendations on the stock stand at:
    • 13 buy ratings.
    • 3 hold ratings.
    • 2 sell ratings.

A look at China Eastern Airlines Smart Scores

FactorScoreMagnitude
Value5
Dividend1
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Eastern Airlines Corporation Limited, a major player in the civil aviation industry, is poised for a promising long-term outlook based on its Smartkarma Smart Scores. With a perfect score in the Value category and a strong score in Growth, the airline company demonstrates solid fundamentals and potential for expansion. While its Dividend score is lower, the company’s focus on value and growth aspects bodes well for its future performance.

Although China Eastern Airlines shows resilience and momentum in certain areas, there are opportunities for improvement to enhance its overall competitiveness. By capitalizing on its strengths in value and growth, the company can navigate challenges and capitalize on market trends to solidify its position in the aviation sector. Investors may consider the company’s long-term potential as it continues to expand its range of services, including passenger, cargo, and ground transportation offerings.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Southern Airlines (1055) Earnings: 1H Prelim Net Loss Between 1.06B to 1.58B Yuan

By | Earnings Alerts
  • China Southern Airlines reports a preliminary net loss for the first half of 2024 ranging between 1.06 billion yuan and 1.58 billion yuan.
  • The company mentions that the external environment of the aviation industry is complicated.
  • Recovery in the international market is facing challenges according to the company’s statement.
  • Current analyst recommendations: 11 buys, 6 holds, and no sells.

A look at China Southern Airlines Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Southern Airlines, a prominent player in the aviation industry, has received a high Smartkarma Smart Score for Growth, indicating a strong long-term outlook in terms of expanding its operations and market presence. This suggests that the company is well-positioned to capitalize on future opportunities for growth within the commercial airline sector, both in China and beyond.

Despite a lower score in areas such as Dividend and Resilience, the company’s overall momentum scores high on the Smartkarma scale. This indicates a positive trend in the company’s performance and investor sentiment, which bodes well for its future prospects. With a diversified range of services including aircraft maintenance and air catering, China Southern Airlines is poised to continue its journey towards further success in the global aviation market.

The company, as described, provides commercial airline services primarily in China and Southeast Asia, showcasing a significant presence in the region. Alongside its core airline operations, it also offers ancillary services like aircraft maintenance and air catering, enhancing its overall value proposition within the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Petroleum & Chemical (386) Earnings: Sinopec Shanghai Reports Improved 1H Results on Rising Oil Prices and Steady Market Demand

By | Earnings Alerts
  • Company: Sinopec Shanghai
  • Period: Preliminary results for the first half (1H) of 2024
  • Net Income: Approximately 24.6 million yuan to 36.9 million yuan
  • Reason for Improvement:
    • Rising international oil prices
    • Steady recovery in market demand
  • Analyst Recommendations:
    • 3 Buys
    • 3 Holds
    • 1 Sell

A look at China Petroleum & Chemical Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE4.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Petroleum & Chemical Corporation, also known as Sinopec, is expected to have a positive long-term outlook based on its Smartkarma Smart Scores. With high scores across the board in Value, Dividend, Growth, and Momentum, the company demonstrates strong financial performance and potential for future returns. This indicates that China Petroleum & Chemical is well-positioned to generate value for investors while offering attractive dividend payouts. Additionally, its robust growth prospects and positive momentum further enhance its attractiveness as an investment opportunity.

Specializing in the production and trading of petroleum and petrochemical products, China Petroleum & Chemical Corporation is a key player in the industry. The company’s diverse product range including gasoline, diesel, jet fuel, synthetic fibers, and chemical fertilizers enables it to cater to various market segments within China. With a solid foundation in place and strong ratings in key areas, China Petroleum & Chemical is poised for sustained growth and resilience in the dynamic energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Poly Real Estate Group Co., Ltd (600048) Earnings: Preliminary 1H Net Income Drops 38.6% to 7.5 Billion Yuan

By | Earnings Alerts
  • Poly Developments’ Net Income Drop: Prelim net income decreased by 38.6%.
  • Net Income Details: The preliminary net income stands at 7.5 billion yuan.
  • Revenue: Preliminary revenue recorded at 139 billion yuan.
  • Analyst Ratings: The company currently has 25 buy ratings, 5 hold ratings, and 1 sell rating.

A look at Poly Real Estate Group Co., Ltd Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Poly Real Estate Group Co., Ltd. is poised for a bright future based on the Smartkarma Smart Scores analysis. With top ratings in Value and Dividend factors, the company demonstrates strong financial health and a commitment to rewarding investors. Although Growth and Resilience scores are slightly lower, the company still shows promising potential in terms of long-term development and resilience to market challenges. Additionally, the Momentum score indicates positive market sentiment and a potential upward trend for the company’s stock.

As a key player in residential property development, leasing, rental, and property management, Poly Real Estate Group Co., Ltd. is strategically positioned to capitalize on the growing real estate market. Investors can expect a stable investment opportunity with strong value appreciation and consistent dividend payouts, creating a compelling proposition for those seeking long-term growth and income.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Shenhua Energy Co H (1088) Earnings: June Coal Sales Volume Up 5.9% to 39.2 Million Tons

By | Earnings Alerts
  • China Shenhua’s coal sales volume in June increased by 5.9%.
  • Total coal sales volume reached 39.2 million tons.
  • Analyst ratings for China Shenhua include:
    • 13 buy recommendations
    • 3 hold recommendations
    • 1 sell recommendation

A look at China Shenhua Energy Co H Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have given China Shenhua Energy Co H a positive long-term outlook based on their Smart Scores. The company scored high in Dividend and Momentum, indicating a strong performance in terms of dividend payouts and market momentum. Additionally, the company scored well in Value, Growth, and Resilience. China Shenhua Energy Co H is an integrated coal-based energy company with a focus on coal and power businesses in China. It also operates a dedicated coal transportation network comprising rail lines and port facilities.

With a solid overall outlook, China Shenhua Energy Co H is viewed favorably by analysts due to its strong performance across key factors. Investors may find the company attractive for its high scores in Dividend and Momentum, suggesting stability and growth potential. The company’s focus on coal and power businesses in China, along with its integrated transportation network, positions it well for long-term success in the energy sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Rongsheng Petro Chemical A (002493) Earnings: 1H Net Income Ranges from 800M to 1.10B Yuan

By | Earnings Alerts
  • Preliminary net income for Rongsheng Petro in the first half of 2024 is between 800 million yuan and 1.10 billion yuan.
  • The company’s performance has improved due to a diversified range of products.
  • Gross profit increased on some of their chemical products.
  • Analysts’ ratings for Rongsheng Petro: 22 buys, 1 hold, 1 sell.

A look at Rongsheng Petro Chemical A Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Rongsheng Petro Chemical A shows a fairly positive long-term outlook. With strong momentum and average scores in value, dividend, and growth, the company seems to be in a good position for future success. However, the resilience score is slightly lower, indicating a need for potential improvements in this area. Overall, the company is well-positioned for growth and has a solid foundation to build upon.

Rongsheng Petro Chemical Company Limited specializes in the manufacturing and sales of purified terephthalic acid (PTA) and various polyester yarn products. Its product line includes PTA, polyester full drawn yarn (FDY), polyester pre-oriented yarn (POY), polyester drawn textured yarn (DTY), polyester filament, and polyethylene terephthalate (PET) slices. With a diverse product range and positive Smart Scores in key areas, Rongsheng Petro Chemical A is poised to continue its success in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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