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.Warnick, chief financial officer of Robinhood, reduced his holdings of $6.02 million shares, and Jason Warnick, chief financial officer of Robinhood Markets Inc, reported an insider stock transaction to the US Securities and Exchange Commission, reducing his holdings of $6.02 million shares. Robinhood's share price has risen by 15% in the past month.CITIC Jiantou: With the continuous promotion of new power system construction, the growth attribute of green power is expected to be highlighted. CITIC Jiantou Research Report said that recently, the National Energy Administration issued the "Guiding Opinions on Supporting the Innovation and Development of New Business Entities in the Power Field", proposing that new business entities should be exempted from applying for power business licenses and exploring the mechanism of establishing new energy direct connection to increase the supply of green power for enterprises. Specifically, the new business entities include distributed power supply, adjustable load, virtual power plant and smart microgrid. At present, the installed capacity of new energy in China is growing rapidly. Due to the restriction of power grid access capacity, the problem of power abandonment is on the rise. The mechanism of direct connection of new energy enterprises is helpful to improve the ability of local consumption of new energy, reduce the abandonment of wind and light, and promote the improvement of project yield. Generally speaking, with the continuous promotion of new power system construction, the profitability of new energy power generation projects is expected to improve marginally, and the growth attribute of green power is expected to be highlighted.
The Nikkei 225 index hit a two-month high of 40,000 points, and the Nikkei 225 index hit a two-month high of 40,000 points, up 1.61% in the day.List of A-share share repurchase: 16 companies disclosed the progress of repurchase, and on December 12, a total of 16 companies issued announcements related to share repurchase. Among them, four companies disclosed the stock repurchase plan for the first time, two companies' repurchase plans were approved by the shareholders' meeting, four companies disclosed the implementation progress of stock repurchase, and six companies' repurchase plans have been implemented. Judging from the initial disclosure of the repurchase plan, the amount of a company's stock repurchase plan on that day exceeded 10 million. Nanshan aluminum, Longzhu Science and Technology and Longzhu Science and Technology have the highest repurchase plans, and they plan to repurchase no more than 600 million yuan, 5,895,100 yuan and 1,171,000 yuan respectively. Judging from the repurchase plan passed by the shareholders' meeting, the repurchase plans of two companies exceeded 10 million on that day. Huaan Securities and Tongkun have the highest repurchase amount, with the planned repurchase not exceeding 200 million yuan and 51,966,700 yuan respectively. Judging from the implementation progress of repurchase, Shunluo Electronics, Shengquan Group and Hailiang have the highest repurchase amounts, with 9.009 million yuan, 3.8251 million yuan and 3.5187 million yuan respectively. Judging from the completed repurchase, the repurchase amount of four companies on that day exceeded 10 million. Chengda Pharmaceutical Co., Ltd., Jinshi Resources Co., Ltd. and Yingfangwei Co., Ltd. have completed the highest repurchase amounts, with 57,061,600 yuan, 53,158,000 yuan and 31,405,600 yuan respectively.Musk is worth $447 billion, nearly $200 billion behind Bezos. Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. According to the Bloomberg Billionaires Index, Musk's worth soared by $62.8 billion overnight to $447 billion, making him the first super-rich man on earth with a net worth of over $400 billion. Musk's current net worth is nearly $200 billion higher than that of the second-ranked Jeff Bezos, who is worth about $249 billion.
All localities have actively deployed resources to further support mergers and acquisitions and guide them to gather in a "new" way. Since this year, there have been frequent policies to support mergers and acquisitions of enterprises, such as Eight Measures on Deepening science and technology innovation board's Reform, Serving Technological Innovation and Developing New Productivity, and Opinions on Deepening Market Reform of Mergers and Acquisitions of Listed Companies. At the same time, various localities have successively issued relevant rules or carried out special activities, so that mergers and acquisitions of enterprises have a direction and confidence. According to the reporter, up to now, Shanghai, Jiangxi, Sichuan, Shenzhen, Tianjin and other places have issued relevant documents to support enterprises to carry out mergers and acquisitions; Shanxi, Beijing, Hubei, Hunan, Qingdao and other places "answer questions" for enterprises' mergers and acquisitions through forums or training meetings. According to Tian Lihui, dean of the Institute of Financial Development of Nankai University, there are three major trends in local support policies. First, the logic of industrial synergy is constantly strengthening; Second, continue to improve the efficiency of M&A services and regulatory inclusiveness; The third is to persist in strengthening risk prevention. Generally speaking, with the support of policies, a number of high-quality industrial M&A cases are expected to land. Driven by multiple favorable factors, the M&A market is becoming more and more active. (Securities Daily)South Korean President Yin Xiyue made a public speech: I will fight with the public until the last moment.Spot gold just broke through the $2,720.00/oz mark, and the latest price was $2,720.02/oz, up 0.08% in the day; COMEX gold futures main force recently reported $2,754.60 per ounce, down 0.08% in the day.