Assistant Foreign Minister Liu Bin attended and delivered a speech at the high-level meeting of "Friends of Neutrality" in Turkmenistan. On December 11, 2024, Assistant Foreign Minister Liu Bin attended and delivered a speech at the high-level meeting of "Friends of Neutrality" in Turkmenistan. Liu Bin pointed out that China is willing to join hands with Turkey, international organizations represented by the United Nations and other countries in the world to promote the construction of a beautiful world with lasting peace, universal security, common prosperity, openness, tolerance, cleanliness and beauty. Representatives from Russia, Kazakhstan, Iran, Qatar and other countries and UN officials attended the meeting.China Merchants Securities: Hisense's household appliances are obviously underestimated, and the safety cushion is thick, and it is rated as "strongly recommended". China Merchants Securities Research Report pointed out that the growth rate of Hisense's household appliances (000921.SZ) slowed down, showing the first year-on-year decline in nine quarters since 22Q3, and the market confidence was weak. The company is obviously underestimated, and the safety mat is thick. Looking horizontally, in 2025, the valuations of Hisense, Midea and Haier will be 10/13/13 times; Historically, the company's share price has been deeply adjusted since May this year, and the current valuation is at a lower level since the 22-year reform. Referring to the global valuation system, the steady-state PE hub of johnson controls/Carrier/Trane is 30/25/20 times, which is higher than the valuation of white power enterprises represented by Whirlpool and Electrolux. Hisense household appliances, as the standard of A-share central air conditioning, should enjoy a higher valuation than white power companies. The improvement of the company's bottom management promotes efficiency and cost reduction+the global operation competitiveness is constantly strengthened+the company's leading position is stable under the background of domestic substitution of central air conditioning, and it continues to be firmly optimistic about the company. It is estimated that the company's revenue will increase by +8%, +9% and +10% from 2024 to 2026, and its performance will increase by +15%, +14% and +16% respectively. Give a "strongly recommended" rating.Foreign media: The Italian neo-Nazi organization planned to assassinate the Prime Minister, which was foiled by the police. According to the British "Daily Telegraph" reported on the 11th, an Italian neo-Nazi organization was accused of planning to assassinate Prime Minister Giorgiya meloni and World Economic Forum President klaus schwab, and the assassination plot was foiled by the police. The report quoted local media as saying that last week, the police carried out raids in various parts of Italy, arrested 12 people suspected of participating in the far-right organization, and seized a batch of knives, military clothing and propaganda materials. The organization originally called itself "Wolf Division" and later renamed it "New Dawn Division". The police said that some suspects arrested called meloni a "fascist who persecuted fascists" and had planned to assassinate her since 2023. (Global Times)
CEO of Bank of America: The sales and trading business is expected to reach a new high in the fourth quarter, and the investment banking business income will jump. On December 11th, the CEO of Bank of America Brian moynihan said that with the "continuous growth" of transactions, the bank's investment banking business income in the fourth quarter may exceed US$ 1.4 billion, with a year-on-year increase of at least 25%. Moynihan also said that the sales and trading business in the fourth quarter should record a year-on-year growth again, achieving a medium-to-high single-digit growth. The bank also expects that the net interest income will continue to grow, which is expected to achieve the guiding target of $14.3 billion given earlier this year.South Korea's finance ministers and Japan's finance ministers held an online meeting, and the two sides reiterated the importance of the partnership between the two countries.
China's first near-zero carbon port microgrid landed in Jiangsu, and the first near-zero carbon port microgrid, a major innovation pilot of China's new power system construction, was recently built in Lianyungang. The role of microgrid is not "micro", and smart microgrid is a small power distribution system composed of distributed power supply, power load, power distribution facilities, monitoring and protection devices. State Grid Jiangsu Electric Power teamed up with Lianyungang Port to build a "multi-energy complementary" smart microgrid in the port, helping to realize the zero carbon emission of freighters from berthing to loading and unloading. Yang Huadong, Engineering Department of Lianyungang Port Holding Group Co., Ltd. introduced that after all kinds of power generation and power consumption equipment are connected to the microgrid, the annual power generation of clean energy can exceed 6 million kWh. After flexible dispatching through the microgrid, the annual electricity consumption cost can be saved by over 3 million yuan, 21,000 tons of standard coal can be saved and 56,000 tons of carbon dioxide emissions can be reduced.Enterprise IT Expenditure Survey: Google Cloud is expected to be the first choice for 50% of the respondents. Tae Kim, a science and technology columnist, wrote that according to a recent survey, Google Cloud has risen rapidly in the enterprise AI expenditure competition and may become the winner. According to the 2025 CIO survey released by Piper Sandler, 81 CIOs were asked about their budget priorities in different suppliers and technical fields. According to the survey, 87% of CIOs surveyed expect to increase the IT budget in 2025, which is the highest proportion of the survey since 2020. In this survey, the status of Google Cloud has risen significantly, surpassing Microsoft and OpenAI to become the "most strategic" AI supplier, with a support rate of 27%, a significant increase from 15% six months ago. Relatively speaking, Microsoft's support rate dropped from 33% to 24%. When asked which cloud company they plan to use to test or implement AI projects next year, 50% of the respondents chose Google Cloud, making it the top AI infrastructure provider. In addition, Harsh Kumar, a Piper semiconductor analyst, pointed out that these results are also beneficial to Invista, because all cloud companies are the main buyers of AI chips in NVIDIA. Kumar estimates that the entire AI chip market will have more than $500 billion in business opportunities by 2028.US media: "Ukraine provides drones to Syrian opposition forces." According to Reuters's December 11th quote from Washington post, a few weeks before Syrian opposition forces launched an offensive and overthrew former President Bashar al-Assad, Syrian militants obtained about 150 drones and other secret support from Ukrainian intelligence personnel. Washington post quoted unnamed sources familiar with Ukrainian military activities as saying that four to five weeks ago, Ukrainian intelligence agencies sent about 20 drone operators and about 150 drones to help the "Syrian Sham Liberation Army". According to the report, the Russian Foreign Ministry said earlier that the Syrian opposition armed forces obtained drones from Ukraine and received operational training. The Russian Foreign Ministry did not provide evidence. At that time, the Ukrainian Foreign Ministry said that it "categorically" denied this statement. (Reference message)
Strategy guide 12-14
Strategy guide
12-14