The personal pension system has been extended to the whole country, and banks have issued assessment tasks: before the first quarter, each person must complete at least 20 accounts, and the personal pension system has been extended from 36 pilot cities (regions) to the whole country. The reporter learned that major banks have already laid out in advance in non-pilot areas and started the work of making an appointment to open an account for personal pension funds. A staff member of the personal finance department of a state-owned bank told reporters that with the full roll-out of the personal pension system, their bank is preparing for a 100-day attack. The staff also revealed that at present, the bank has issued specific task indicators to employees. "Each employee needs to complete about 20 to 30 account opening tasks, from now until the end of the first quarter of next year." (per meridian)China galaxy International lowered the target price of Yanghe shares from RMB 88.00 to RMB 84.00.Citigroup slightly lowered South Korea's GDP growth forecast to 1.5% next year. It is expected that the Bank of Korea will cut interest rates next month. Citigroup released a report saying that considering the worse economic sentiment in South Korea this month, it slightly lowered its GDP forecast for this year and next year by 0.1 percentage point to 2.1% and 1.5% respectively. The bank slightly lowered Korea's GDP growth forecast for the last quarter of this year by 0.1 percentage point to rise by 0.3% quarterly, and raised its GDP growth forecast for the first quarter of next year by 0.1 percentage point to rise by 0.6% quarterly. Looking forward to the first quarter of next year, the bank expects South Korea to adopt a combination of expansionary policies, including the Bank of Korea's expected interest rate cut to 2.75% in mid-January, and the government's expected additional budget of 30 trillion won (equivalent to about 1.1% of GDP next year). It is expected that the Bank of Korea will cut interest rates by 25BP each in January, April, July and October next year, and the final interest rate is expected to be 2%.
Yamato: Raising the target price of IWC to HK$ 20 has a more positive view on next year's revenue growth. Yamato published a report that under the strong demand from Malaysia, the bank has a more positive view on IWC's revenue growth next year. In addition, the bank believes that the external financing of operating GDSI, a data center outside the mainland, will release shareholder value. However, as GDSI will be separated from IWC's consolidated statements in the fourth quarter of this year, the bank believes that IWC's short-term re-evaluation will still mainly depend on its mainland business performance, so it still maintains a wait-and-see attitude. The bank maintained its "hold" rating on IWC, and its target price was raised from HK$ 8.6 to HK$ 20. Considering the increase in capital expenditure of IWC from 2025 to 2026, the bank raised its revenue forecast for this year and next by 5% to 24%, mainly due to the strong demand in the international market driven by short video platforms. In addition, in view of the fact that the company raised its capital expenditure guideline from 6.5 billion yuan to 11 billion yuan this year, the bank raised its capital expenditure forecast from 6.7 billion yuan to 11 billion yuan in 2024 and from 3.5 billion yuan to 10.5 billion yuan in 2025. In addition, the bank will raise the adjusted EBITDA forecast of IWC this year and next by 4% to 13% to consider the EBITDA contribution of its overseas business; It is estimated that the total revenue will increase by 15% this year (10% compared with the previous forecast) and 33% next year (15% compared with the previous forecast). The adjusted EBITDA is expected to increase by 11% and 25% this year and next (8% and 15% compared with the previous forecast).The daily limit of Sanyuan shares and Panda dairy products rose due to changes in the dairy sector, while Sanyuan shares and Panda dairy products rose due to changes in the dairy sector. The western animal husbandry industry rose by over 15%, followed by Ligao food, qiaqia food and Nanqiao food.The Supreme People's Procuratorate issued the prescribed guidelines to strengthen the substantive examination of technical evidence in injury cases. Recently, the Supreme People's Procuratorate issued the Provisions of the People's Procuratorate on the Substantive Examination of Technical Evidence in Injury Cases (the Working Provisions) and the Guidelines on the Special Examination of Expert Opinions on the Degree of Human Injury in Injury Cases (the Special Examination Guidelines), making efforts to strengthen the substantive examination of technical evidence in injury cases and further improving the professional and standardized level of examination and handling of injury cases.
Home improvement stocks continued to rise, with daily limit of Wole Home, Meike Home, Yazhen Home, Mengtian Home, Jinpai Home and Double Gun Technology, while Dinggu Set rose by over 10%, while Shangpin home delivery, Fun Sleep Technology and Wrigley Home rose by over 5%.Bank of New York Mellon: As the impact weakens, the won may rebound to 1,400 won against the US dollar. Bank of New York Mellon said that as the most serious political impact caused by the short-term declaration of martial law begins to ease, the won may recover some of its recent lost ground before the end of the year. As the political risk premium begins to fall, the won may appreciate to 1,400 against the US dollar.Samsung Electronics will hold its 2025 strategy meeting next week. Yonhap News Agency quoted unnamed industry sources as saying that Samsung Electronics will hold its 2025 global strategy meeting next week. The electronic products business meeting is scheduled to be held on Tuesday and Wednesday, while the semiconductor department meeting will be held on Thursday. The main agenda items include the upcoming Galaxy S25 smartphone. Lee Jae-yong, the company's executive chairman, is not expected to attend these meetings.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13