On the occasion of Yin Xiyue's speech, the increase of KOSPI index in South Korea narrowed to 0.3%, and it rose by 1.1% earlier.The New Zealand dollar just broke through the 0.5800 mark against the US dollar, and the latest report was 0.5801, up 0.29% in the day; The Australian dollar just broke through the 0.6400 mark against the US dollar, and the latest report was 0.6401, up 0.51% in the day.CITIC Securities: Potential policies such as consumer vouchers are expected to give birth to a staged turning point in catering demand. According to the research report of CITIC Securities, domestic consumer demand has been sluggish since 2023, and the price of the catering industry has entered a downward channel. How will China catering enterprises behave at this moment? The experience of Japanese restaurant enterprises may provide some enlightenment. Although the differences between macro and national conditions prevent China from simply repeating the price war of Japanese catering and its impact, the catering competition in high-speed cities in China is similar to that in Japan in structure. The research report believes that the change of restaurant supply and CPI performance can be used as a forward-looking indicator to judge when the current price war will end, while potential policies such as consumer vouchers are expected to give birth to catering demand and form a stage turning point. Two main lines are recommended: 1) Mature catering enterprises pay attention to the same-store sales and valuation improvement brought about by the rebound of CPI, while enterprises with serious decline in same-store sales before have higher performance and valuation resilience. 2) Growing catering enterprises pay more attention to the rhythm of income growth and profit release.
CITIC Securities: The interest rate of the 10-year US bond may show an upward trend due to factors such as monetary policy next year. According to the CITIC Securities Research Report, historically, the actual short-term interest rate expectation in the interest rate reduction cycle since 1983 is usually the main driving force for the downward trend of the 10-year US bond interest rate, while the term premium may rise in the interest rate reduction cycle due to factors such as supply and demand, deficit concerns and external shocks. Looking forward to the future, it is expected that the short-term 4.0% will be the support level of the 10-year US bond interest rate, and the 10-year US bond interest rate may show an upward trend next year due to factors such as monetary policy and "Trump transaction".Zhong Xuegao's subsidiary was forced to execute 16.62 million yuan. According to the legal litigation information, recently, Zhongmao (Shanghai) Food Technology Co., Ltd. added a piece of information about the person to be executed, with the execution target of 16.62 million yuan. The enforcement court is the Yangpu District People's Court in Shanghai. Zhongmao (Shanghai) Food Technology Co., Ltd. was established in June 2020. The legal representative is Wang Keqin, with a registered capital of RMB 10 million, and it is wholly owned by Zhong Xuegao Food (Shanghai) Co., Ltd. Tianyan risk information shows that the company has more than 20 pieces of information about executed persons, and the total amount of execution exceeds 31.62 million yuan. In addition, there are also a number of consumption restriction orders, untrustworthy executed persons (Lao Lai) and final case information.Yin Xiyue denied that emergency martial law was a civil strife. South Korean President Yin Xiyue made a speech today (December 12), denying that "emergency martial law" was a "civil strife". He once again criticized the opposition party for enslaving Congress and abusing the power to impeach public officials. Yin Xiyue said that both impeachment and investigation will face it head-on.
After the shooting of the medical insurance giant executives, the executives of big companies such as Goldman Sachs and Bank of America have also been "targeted". The new york police are adjusting relevant posters, and the new york police are investigating posters posted in some areas of Manhattan about American business executives. In addition CEO Brian Thompson, CEO of UNH insurance business who was shot dead last Wednesday (December 4th), related posters also mentioned executives of American Express, Goldman Sachs Group, Bank of America, JPMorgan Chase and other companies, and their heads were all painted with red "X" signs. A spokesman for the new york police said that in addition to posters, American corporate executives are also facing increasing cyber threats.Market News: South Korean President Yin Xiyue may release a recorded public speech.Huatai Securities looks forward to the communication industry in 2025: embrace the trend of AI/ satellite industry and allocate core assets. When looking forward to the communication industry in 2025, Huatai Securities said that it is optimistic about three main investment lines: 1) Continue to embrace the industry trend, and with the progress of commercialization of AI computing chain and satellite Internet, we are optimistic about investment opportunities in related sub-sectors; 2) New quality productivity: low-altitude industries or the opening of provincial and municipal infrastructure construction, the domestic quantum communication industry is expected to go from 0 to 1, and the commercial aviation scene will be accelerated; 3) revaluation of core assets: with the improvement of market liquidity, leading enterprises with long-term competitiveness and performance toughness are expected to usher in opportunities for valuation improvement; In addition, the merger and reorganization of central state-owned enterprises is expected to promote more high-quality enterprises to complete the process of capitalization and play a positive role in the valuation of the sector.
Strategy guide
12-13
Strategy guide
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13