- Revenue was slightly lower than last quarter 🔻, but profit declined by about 50% 🔻🔻
- The decline in revenue was mainly due to a decline in revenue from the shipping business this quarter, while the decline in profit was due to a decline in shipping freight rates and volume in the bulk carrier and container business.
- Management revealed that the Group's shipping industry performance is largely dependent on fluctuations in world fuel market prices, the skill and experience level of crew members, domestic and regional demand for bulk and grocery transportation, the Malaysian ringgit exchange rate, and the state of the world economy. Despite recent stable crude oil prices and a decline in the Baltic Dry Index index, the outlook for the shipping industry remains challenging.
- With the gradual recovery of chartering rates for the offshore work vessel (OSV) segment, the existing gap in new shipbuilding orders of various types of OSVs over the past few years, and the dismantling of aging OSVs, SYGROUP expects a steady and healthy increase in supplementary OSV orders over the next few years.

Amazon reported its financial results and business developments during the third quarter of 2023 earnings call. Here are the key highlights:
1) Financial performance: Amazon reported revenue of 143.1 billion US dollars, up 11% year on year; operating profit reached 11.2 billion US dollars, up 343% year on year; free cash flow for the past 12 months was adjusted to 20.2 billion US dollars, an increase of 41.7 billion US dollars over the same period last year.
2) Storage business: Amazon achieved a major reform of the fulfillment network by transforming the US's single national fulfillment network into eight separate regions. This reform exceeded the company's initial expectations, shortening transportation distances, reducing service costs, and enabling faster delivery to customers by increasing local inventory levels and optimizing connections between fulfillment centers and distribution stations.
3) AWS and artificial intelligence: Amazon's cloud computing business (AWS) revenue increased 12% year over year to $23.1 billion. AWS is investing heavily in generative artificial intelligence (AI) and has partnered with leading large language model (LLM) manufacturers such as Anthropic. Amazon has also launched services such as Amazon Bedrock to enable customers to access, customize, and deploy third-party and Amazon's own LLM.
4) Advertising business: Amazon's advertising business continues to grow, mainly driven by sponsored products. Thanks to the application of machine learning algorithms, the relevance and effectiveness of advertising has improved.
5) International business: Amazon's international business connection...

In an earnings call for the fourth quarter of 2023, Meta reported a positive quarter and outlined its views on the future, with a special emphasis on the long-term vision of artificial intelligence (AI) and the metaverse. Here's a summary of the main highlights:
1) Financial performance: Meta reported total revenue of $40.1 billion for the fourth quarter, up 25% year over year. Net profit was $14 billion and earnings per share were $5.33. The company emphasized the importance of improving its financial position by improving efficiency and controlling costs.
2) User growth: Mark Zuckerberg said more than 3.1 billion people around the world use at least one Meta app every day. This shows the broad appeal of Meta services and an increase in user engagement.
3) Artificial intelligence and product innovation: Zuckerberg placed special emphasis on Meta's long-term vision in the field of AI, which aims to provide every user, creator, and enterprise with world-class AI assistants. He also mentioned future ideas for achieving seamless AI interaction on devices such as smart glasses.
4) Metaverse progress: Despite AI receiving more attention recently, Zuckerberg confirmed that the metaverse remains one of the company's key long-term strategies. He mentioned that the Quest 3 sold well during the holiday season, which bodes well for mixed reality devices.
5) Advertising business and social apps: Susan Li mentioned that the advertising business continues to show strong growth, particularly in online commerce and gaming...

Today is February 2nd. In February, support from tech giants helped US stocks get off to a good start. The Dow Jones Index rebounded to record highs. The S&P 500 Index and the Nasdaq Index each rose more than 1%, ending two consecutive days of decline, and the S&P 500 Index achieved its biggest one-day gain in three weeks. NVIDIA's stock price rebounded more than 2% to a record high, while Qualcomm shares fell 5%. Despite this, regional bank stocks still suffered a severe setback, falling more than 5% in the intraday period and eventually falling by more than 2%; among them, New York Community Bank (NYCB) shares fell 11%, showing two consecutive days of double-digit declines after the release of Wednesday's earnings report. Overall, US stocks performed strongly: the Dow Jones Industrial Average rose 0.97%, the S&P 500 rose 1.25%, and the Nasdaq Composite rose 1.30%.
Financial reports released after the market on Thursday showed that Meta shares rose sharply by more than 10%, Amazon shares rose by more than 9%, while Apple shares fell by more than 3%. Apple's revenue growth resumed in the fourth quarter, with both earnings per share (EPS) and service revenue reaching record highs. CEO Tim Cook promised to launch new AI features this year, although the decline in revenue in Greater China exceeded expectations. In January, the US manufacturing purchasing managers' index (ISM) unexpectedly rose to 49.1, and new orders surged, but the employment situation remained weak, and signs of inflation resurfaced. The yield on 10-year US Treasury bonds fell sharply by more than 10 basis points in the intraday period, setting...

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