Fitch Ratings: US state and local governments (economies) are expected to return to normal in 2025. Steady reserves, reduced liabilities, and prudent budget management have prepared American state and local governments for 2025.Yibin Paper: There is uncertainty in the acquisition of 67% equity of Acetic Fiber Company. Yibin Paper issued a risk warning announcement, and the company plans to acquire 67% equity of Sichuan Pushi Cellulose Acetate Co., Ltd. held by related party Yibin Pushi Group Co., Ltd. As of July 31, 2024, according to the audited financial data, the total liabilities of Acetic Fiber Company were 971,116,800 yuan, and the asset-liability ratio was 88.31%. It is expected that related funds will flow out in the future. The transaction has yet to be reviewed and approved by the company's shareholders' meeting and procedures such as handling industrial and commercial change registration, and subsequent implementation is uncertain. According to the data released by CSI official website, the latest P/B ratio of papermaking and packaging owned by the company is 1.69 times, and the latest P/B ratio of the company is 8.43 times. The current P/B ratio of the company is quite different from that of the same industry.Bitcoin rose 5.00% in the day and is now reported at $101,492/piece.
Public offerings frequently employ conservative products of fund managers to seek attack. Driven by the positive sentiment in the stock market, many fund companies have recently strengthened the "share" of products and the layout of specific tracks by hiring more aggressive fund managers. In the announcements of hiring fund managers by many fund companies, the importance of product "stock" and high flexibility track is highlighted. For example, some conservative funds hire fund managers who like high positions, some funds who buy dividend resources stocks hire internet fund managers, and some funds hope to strengthen the layout of hard technology and hire semiconductor fund managers. The insiders believe that Public Offering of Fund's offensive features in hiring more fund managers are related to his judgment on the positive rebound in the stock market. Many fund companies stressed that even if the market outlook index is average, structural opportunities will be highlighted and the profit-making effect will not decrease, which may be a market feature for a long time to come. (Securities Times)Newly issued loans exceeding one trillion yuan to support the financing coordination mechanism for small and micro enterprises have achieved results. On the 10th, I learned from the State Financial Supervision and Administration that since the launch of the financing coordination mechanism for small and micro enterprises in October this year, various localities and banks have responded quickly and achieved initial results. According to the data from the General Administration of Financial Supervision, by the end of November, all localities had visited 12.072 million small and micro business entities based on the working mechanism, of which 1.942 million were included in the "declaration list" and 1.303 million were included in the "recommendation list". Banks granted 2.2 trillion yuan of new credit and 1.2 trillion yuan of new loans to "recommended list" business entities.Market news: The doctor said that the operation of Brazilian President Lula was successful.
Morgan Stanley upgraded Dahua's rating to parity, with a target price of RMB in 19 yuan. Andy Meng, an analyst at Morgan Stanley, had a low rating. The target price is 19 yuan RMB, which is up by 12%.Hengdian Dongci: It is planned to transfer 100% equity of its wholly-owned subsidiary Dongshang New Energy for 500 million yuan. Hengdian Dongci announced that according to the company's strategic development plan, it is planned to sell 100% equity of its wholly-owned subsidiary Lianyungang Ganyu Dongshang New Energy Co., Ltd. (referred to as "Dongshang New Energy") to Zhejiang New Energy Investment Group Co., Ltd. (referred to as "Zhejiang Xinneng"), and the equity transfer price is about 500 million yuan (finally, the power generation income during the net assets deduction period on the delivery date is calculated as) After the completion of this transaction, Dongshang New Energy will no longer be included in the scope of the company's consolidated statements, which is expected to increase the company's total profit and cash flow in 2024.Ge Vernova Inc.(GEV) has signed several contracts to sell natural gas turbines to 5 GW data center.