Fang Yi, Chief Strategy Officer of Guotai Junan: The conditions of "transformation cattle" in China stock market are forming four themes, focusing on mergers and acquisitions and self-control. Fang Yi, Chief Analyst of Guotai Junan Strategy, said at the main forum of Guotai Junan 2025 investment strategy that the bottom of China stock market has appeared, and the conditions of "transformation cattle" are forming; The key driving force of the market comes from the decline of risk-free interest rate and the boost of risk preference, and the economic expectation is expected to be revised up in 2025H2; The mid-line of the stock market is expected to get out of the N-rhythm. Theme recommendation: merger and reorganization/self-control/humanoid robot/self-consumption. 1) M&A and reorganization: the regulatory tolerance of cross-border M&A and acquisition of unprofitable assets has been improved, and we are optimistic about the traditional industry leaders who are the main enterprises of science and technology chain and benefit from the optimization of industry structure; 2) Self-control: global science and technology supply chain reconstruction, optimistic about the improvement of localization rate of advanced semiconductors/basic software; 3) Humanoid robot: mass production and application scenario expansion are accelerated, and key components such as dexterous hands/actuators are optimistic; 4) Self-satisfaction consumption: demographic changes have given birth to new consumption patterns, and we are optimistic about the high growth of secondary consumption/pet consumption.Fang Yi, Chief Strategy Officer of Guotai Junan: The conditions of "transformation cattle" in China stock market are forming four themes, focusing on mergers and acquisitions and self-control. Fang Yi, Chief Analyst of Guotai Junan Strategy, said at the main forum of Guotai Junan 2025 investment strategy that the bottom of China stock market has appeared, and the conditions of "transformation cattle" are forming; The key driving force of the market comes from the decline of risk-free interest rate and the boost of risk preference, and the economic expectation is expected to be revised up in 2025H2; The mid-line of the stock market is expected to get out of the N-rhythm. Theme recommendation: merger and reorganization/self-control/humanoid robot/self-consumption. 1) M&A and reorganization: the regulatory tolerance of cross-border M&A and acquisition of unprofitable assets has been improved, and we are optimistic about the traditional industry leaders who are the main enterprises of science and technology chain and benefit from the optimization of industry structure; 2) Self-control: global science and technology supply chain reconstruction, optimistic about the improvement of localization rate of advanced semiconductors/basic software; 3) Humanoid robot: mass production and application scenario expansion are accelerated, and key components such as dexterous hands/actuators are optimistic; 4) Self-satisfaction consumption: demographic changes have given birth to new consumption patterns, and we are optimistic about the high growth of secondary consumption/pet consumption.At the end of new york on Thursday (December 12th), the main contract of CME Bitcoin futures BTC was reported at $100,000, down 1.90% from the end of new york on Wednesday. The main contract of CME ethereum futures DCR was reported at $3,888.50, up 0.52% from Wednesday.
Biden will attend the virtual meeting of the Group of Seven scheduled for 9: 30am EST (9: 30pm Beijing time).Top 20 US stock turnover on December 12: Adobe's poor performance led to a sharp drop of 13.7%. On Thursday, Adobe, the fourth US stock turnover, closed down 13.69%, the biggest one-day drop in two years, with a turnover of 8.32 billion US dollars. The company's performance guidance fell short of market expectations, which aggravated investors' concerns that the creative software giant might be subverted by emerging artificial intelligence (AI) startups. The company expects revenue of $23.4 billion in fiscal year 2025, which is less than the $23.8 billion expected by analysts; Earnings per share are expected to be $20.20-$20.50, which is less than the analyst's expectation of $20.52. After Adobe announced its financial report and performance forecast, Bank of America Securities lowered its target price from $640 to $605, and Jefferies lowered its target price from $700 to $650. (Global Market Broadcast)The Israeli bombing of Nuseilet refugee camp in central Gaza has killed 30 people. The reporter of the General Station learned on the evening of 12th local time that the death toll from the Israeli bombing of a building in Nuseilet refugee camp in central Gaza has risen to 30.
According to the medical report, Brazilian President Lula removed the drainage tube from his head at night and is still in the intensive care unit. Lula is still conscious and speaks normally.Many places support housing consumption in the form of issuing housing subsidies. Recently, many places have taken the form of issuing housing subsidies and optimizing housing provident fund policies to support housing consumption and release housing demand. For example, recently, the General Office of the Government of Guangxi Zhuang Autonomous Region issued "Measures for Promoting the Stable and Healthy Development of the Real Estate Market in Guangxi", which mentioned that "optimizing the housing provident fund policy" and "financial subsidies support the reasonable demand for housing purchase". Shanxi Datong, Hubei Xiangyang, Hubei Xianning and other places have also recently launched relevant measures to support residents' rigid and improved housing demand and boost the real estate market. Zhang Bo, dean of 58 Anjuke Research Institute, said in an interview that the role of promoting housing consumption in "stabilizing the property market" is expected to continue to increase, and more policies will be introduced in the future to help stabilize the property market. (Securities Daily)Chip-concentrated stocks clustered in four major industries, and 43 stocks fell for more than three consecutive periods. According to the statistics of Securities Times and DataBao, as of December 12, 300 stocks disclosed the number of shareholders in the latest period, compared with the previous period (November 30), there were 162 stocks with a decrease in the number of shareholders. Specifically, the number of shareholders in 29 stocks decreased by more than 5%, and the number of shareholders in 5 stocks decreased by more than 10%, including Dongfang Huanyu, Zhongshe, Baina Qiancheng, Midland New Materials and Hengshuai. Many chip-concentrated stocks have performed well in the recent market. According to the statistics of DataBao, the average share capital of 126 chips has increased by 4.86% since last month, and the cumulative increase of 18 stocks is above 10%. The top gainers are Guoan Da, Beiwei Technology and Silk Road Vision, which have increased by 42.5%, 26.18% and 21.44% respectively. From the industry point of view, the number of chip concentrated stocks is the largest in the four major industries of mechanical equipment, power equipment, electronics, medicine and biology.