Daily Hong Kong Stock Market News Express (Tuesday, December 13)
IMPORTANT INFO
1. The Central Internet Information Office deployed a special operation to “Clean Up Chaos in the Field of Mobile Internet Applications”.
2. The National Health Commission issued guidelines for people infected with COVID-19 at home (first edition).
3. The three major operators, China Telecom, China Unicom, and China Mobile, have successively stated that in accordance with relevant laws and regulations, they will simultaneously delete data related to users' itineraries after the “Communication Itinerary Card” service goes offline at 0:00 on December 13 to ensure the safety of personal information in accordance with the law.
Individual stock news
1. China People's Insurance Group (01339.HK): From January to November 2022, the original insurance premium income obtained through the subsidiaries China People's Property Insurance Co., Ltd., China People's Life Insurance Co., Ltd. and China People's Health Insurance Co., Ltd. was 442,677 billion yuan, 88.675 billion yuan and 40.026 billion yuan, respectively.
2. China Resources Land (01109.HK): In the month ended November 30, 2022, the Company and its subsidiaries achieved a total contract sales amount of approximately RMB 22.20 billion and a total contract sales area of about 1,098,095 square meters, an increase of 9.1% and a decrease of 11.9%, respectively.
3. Xincheng Development (01030.HK): In November 2022, the Group achieved a contract sales amount of approximately RMB 6.531 billion and a contract sales area of about 716,400 square meters.
4. Xinhua Insurance (01336...

[Morgan Stanley and Goldman Sachs are not optimistic about next year's stock market, saying the decline in performance is the biggest risk] On December 12, 2022, according to reports by Morgan Stanley strategist Michael Wilson and Goldman Sachs Group David Kostin, in 2023, as profit margins are under pressure, profit contraction may exceed expectations, leaving the stock market in a difficult environment. “The last chapter of this bear market is all about profit forecasting paths; they are too high right now.” Wilson and Kostin both believe that the stock market will have a difficult start in 2023. In 2022, many major indices fell into a bear market before rising in the fourth quarter. Soaring inflation and interest rate hikes have been investors' biggest concerns so far, and this is likely to continue to be the case, at least in the short term.

Daily US Stock Market News Express (Monday, December 12)
Individual stock news
1. On Monday, the US Department of Energy finalized a $2.5 billion low-cost loan to Ultium Cells, a joint venture between General Motors (GM.N) and LG New Energy, to fund the construction of a new lithium-ion battery manufacturing plant.
2. Last week, it was reported that Tesla's Shanghai plant will suspend production of Model Y electric vehicles from December 25 to January 1 next year. Tesla's internal staff responded: Untrue.
3. Microsoft (MSFT.O) acquired approximately 4% of the London Stock Exchange Group (LSEG) shares and began a 10-year strategic partnership with it on next-generation data and analytics and cloud infrastructure solutions.
4. Industry insiders expect TSM.N's overall capacity utilization rate of 45nm to 3nm to drop to about 75% in the first half of 2023, and the market estimates that TSMC's revenue for the first quarter of 2023 may drop 10-15% month-on-month.
5. According to the news, the Apple (AAPL.O) iPhone 15 Ultra entry-capacity model may be as high as 1,299 US dollars, which is 200 US dollars higher than the iPhone 14 Pro Max, which means that the domestic sales price of this model may exceed 10,000 yuan.
6. Faraday Future (FFIE.O) will host the FF Business Renewal Global Investors Conference on December 15, US Western Time, to update the FF 91 Futurist vehicle delivery plan.
7. Ri...

Daily US Stock Market Highlights (Thursday, December 8)
IMPORTANT NEWS
1. China Automobile Association: In November, automobile production and sales reached 2.386 million units and 2,328 million units respectively, down 8.2% and 7.1% from month to month, down 7.9% year on year; sales volume of new energy vehicles was 786,000 units, up 72.3% year on year.
Individual stock news
1. Ideal Auto (LI.O)'s Q3 revenue increased 20.2% year on year to 9.34 billion yuan, and net loss increased from 21.51 million yuan in the same period last year to 1.64 billion yuan and fell short of expectations. The company expects Q4 delivery volume to be 45,000-48,000 vehicles, and is expected to increase 27.8% to 36.3% year on year.
2. Ideal Auto (LI.O): Starting January 1, 2023, Shen Yanan will resign as the company's executive director and president, and Ma Donghui will be appointed as the company's executive director and president.
3. The report said that Apple (AAPL.O) plans to cut the iPad Mini product line with a screen size of less than 10 inches in 2025 and instead launch a foldable iPad product line.
4. TSM.N's sales in November increased 50.2% year over year to NT$222.71 billion.
5. Broadcom (AVGO.O) Q4 revenue was US$8.93 billion, and net profit increased 68.9% year-on-year to US$3.359 billion; revenue for the first fiscal quarter of fiscal year 2023 is expected to be around US$8.9 billion, higher than market expectations.
6. DocuSign (DOCU.O) Q3 revenue for fiscal year 2023 increased 18.36% year over year...

IMPORTANT INFO
1. Passenger Federation: Retail sales of passenger cars reached 1.649 million units in November, down 9.2% year on year; wholesale sales of new energy passenger vehicles reached 728,000 units in November, up 70.2% year on year, up 7.9% month on month.
Individual stock news
1. Guangzhou Automobile Group (02238.HK): Vehicle sales in November were 190,305 units, down 15.09% year on year; sales of new energy vehicles were 33,737 units, up 89.99% year on year.
2. Great Wall Motor (02333.HK): Total sales volume in November was 87,560 vehicles, down 28.53% year on year; sales of new energy vehicles were 12,863 units, down 23% year on year.
3. Chinese Traditional Chinese Medicine (00570.HK): We learned from Sinopharm Hong Kong that after preliminary research, Sinopharm Group will not make arrangements related to the privatization of the company.
4. RC118, an innovative antibody-conjugation drug independently developed by Rongchang Biotech (09995.HK), has been certified as an orphan drug by the US Food and Drug Administration for the treatment of gastric cancer (including gastroesophageal junction cancer) and pancreatic cancer, respectively.
5. Hesheng Creative Development Group (00754.HK): The total contract sales amount for the first 11 months was about 28.113 billion yuan, down 27.73% year on year; of these, property contract sales were about 26.121 billion yuan, down about 29.56% year on year.
6. Yuexiu Real Estate (00123.HK): The November contract sales amount was about 1...

IMPORTANT INFORMATION
1. Passenger Vehicle Federation: In November, retail sales in the passenger car market reached 1,649 million units, down 9.2% year on year; wholesale sales of new energy passenger vehicles reached 728,000 units, up 70.2% year on year and 7.9% month on month.
Individual stock news
1. Tesla (TSLA.O) sold 100,291 cars in China in November, an increase of 39.9% over the previous month.
2. Apple (AAPL.O) plans to adopt a new encryption system to fend off hackers and protect iCloud data.
3. Honda Motor (HMC.N) China announced that it is expected to purchase 123Gwh of pure electric vehicle power batteries from Ningde Era from 2024 to 2030 through Zhongrui.
4. C3.ai (AI.N)'s fiscal year 2023 Q2 revenue increased 7% year over year to US$62.41 million. Revenue for the third quarter is expected to be US$63 million to US$65 million, falling short of market expectations.
5. MOMO.O's Q3 revenue fell 14% to 3,233 billion yuan, but was better than market expectations. Q4 revenue is expected to be 3.15 billion to 3.25 billion yuan.
6. GameStop (GME.N)'s Q3 net sales decreased by about 8% year over year to US$1.19 billion, with an adjusted loss of $0.31 per share, all falling short of market expectations.
7. Express (EXPR.N) Q3 revenue decreased 8% year over year to US$434 million, and recorded a net loss of US$344.48 million; public...

IMPORTANT INFO
1. Passenger Federation: According to preliminary statistics, the passenger car market retailed 1.701 million vehicles from November 1 to 30, down 6% from last year and 8% from the same period last month.
Individual stock news
1. Geely Automobile (00175.HK): Total sales volume in November was 145,070 units, up about 7% year on year; pure electric sales volume was 31,278 units, up 195% year on year.
2. Ganfeng Lithium (01772.HK): Due to the insider trading case of Jiangte Electric shares, the Jiangxi Securities Regulatory Bureau plans to fine the company 4.42 million yuan and give separate warnings and fines to the parties concerned, Li Liangbin, chairman and president of Ganfeng Lithium, and Ouyang Ming, then secretary of the board of directors.
3. According to the news, the executive vice president of BYD Co., Ltd. (01211.HK) said the company is considering building an electric vehicle battery factory in the US.
4. The oral small molecule anti-COVID-19 3CL protease inhibitor SYH2055 developed by Shiyao Group (01093.HK) has been approved by the State Drug Administration and can conduct clinical research in China.
5. Goli Pharmaceutical (01672.HK): The State Drug Administration has approved the COVID-19 oral candidate protease (3clPro) inhibitor ASC11 new drug clinical trial (IND) application.
6. Xuhui Holding Group (00884.HK): The November contract sales amount was about 4.15 billion yuan. A year-on-year decrease of 74.85%; the cumulative contract sales amount for the first 11 months was about 117.59 billion yuan, a year-on-year decrease of 4...

1. Japan's Murata Manufacturing Co., Ltd., a major supplier of Apple (AAPL.O), expects iPhone orders to decline due to weak demand.
2. Tesla (TSLA.O) is once again promoting a “limited-time discount”, with a subsidy of 6,000 yuan for the purchase and delivery of an existing car within the year.
3. Third-quarter revenue of 36 krypton (KRKR.O) increased 11.5% year-on-year to 94.6 million yuan, turning a year-on-year loss into profit and recording a net profit of 1.743 million yuan.
4. Mobileye Global (MBLY.O)'s third-quarter revenue increased 38% year over year to US$450 million, and net loss increased to US$45 million from US$26 million in the same period last year.
5. It is reported that the release of Apple (AAPL.O) cars will be postponed until 2026, and the price will be less than 100,000 US dollars.
6. Morgan Stanley (MS.N) will lay off about 2% of employees globally. People familiar with the matter revealed that the number of layoffs is about 1,600.
7. Tesla (TSLA.O) has opened electric car reservations in Thailand and will begin delivering electric vehicles in Thailand in the first quarter of next year.
8. Shanghai Disney (DIS.N) Park announced that it will resume operations on December 8.
9. Sony (SONY.N) plans to establish “Sony Research,” a research department aimed at improving AI functions, and plans to establish it after April next year.
10. According to the news, Microsoft (MSFT.O) promised that if Activision Blizzard (ATVI.O) were to be acquired...

IMPORTANT INFO
1. Hong Kong Stock Exchange (00388.HK): The total market value of the securities market at the end of November 2022 was HK$33.3 trillion, up 26% from the end of the previous month; the average daily turnover in November was HK$140.4 billion, up 34% from HK$104.6 billion at the end of last month.
Individual stock news
1. Postbank (01658.HK): The Banking Insurance Regulatory Commission agreed in principle to the Bank's plan for the non-public offering of A-shares. The total capital raised should not exceed RMB 45 billion to supplement the Bank's capital.
2. Country Garden (02007.HK): Proposed placement of 1.78 billion shares at an placement price of HK$2.70, a discount of about 14.83% from the closing price of HK$3.17 on Tuesday.
3. Shengxin Lithium Energy disclosed the fixed increase. The total capital raised in this non-public offering was 2 billion yuan, the number of shares issued was 46,630,917 shares, and the issuance target was BYD shares (01211.HK).
4. Rongxin China (03301.HK): The Group's total contract sales in November were 1.2 billion yuan, down 87.7% year on year; cumulative total contract sales for the first 11 months were 56.8 billion yuan, down 60.9% year on year.
5. China Overseas Development (00688.HK): In November, contract property sales for a series of Chinese overseas companies were about 24.111 billion yuan, down 11.5% year on year; cumulative contract property sales for the first 11 months were about 256.706 billion yuan, down 22.1% year on year.
6. green...

As the energy shock caused by the Russia-Ukraine conflict continues to have an impact, the world economy is facing its worst year in 30 years. Economists forecast a growth rate of only 2.4% for the US economy in 2023, down from the 3.2% forecast for this year, and the lowest level since 1993 (not including 2009 and 2020). However, the fate of the nations of the world may be different. Beginning in 2023, the Eurozone will fall into recession, and by the end of 2023, the US will be in recession. In terms of monetary policy, differences among countries will also gradually become apparent. In the US, as rising wages will keep inflation above the target level, the Federal Reserve will move towards a terminal interest rate of 5% and will maintain that interest rate level until the first quarter of 2024. Meanwhile, in the Eurozone, a faster decline in inflation will mean lower terminal interest rates, and there is a possibility that the ECB will cut interest rates by the end of 2023.