Financial Morning Post Sell off! Operation Warren Buffett

Mondo Finance Updated on 2024-02-16

Important News Alert

This year, the Ministry of Justice will comprehensively strengthen the construction of the rule of law in the financial sector. Warren Buffett's Berkshire Hathaway** Apple 10 million shares. Uber announced its first buyback in history.

Financial news.

Xinhua News Agency reporters recently learned from the Ministry of Justice that the Ministry of Justice will accelerate the promotion of key legislative projects this yearComprehensively strengthen the construction of the rule of law in the financial sector, and implement the principle that "the rule of law is the best business environment". Xinhua News Agency reporters recently learned from the Ministry of Industry and Information Technology that in 2023, the length of China's new optical cable lines will be 47380,000 km,The total length of optical cable lines in the country has reached 64.32 million kilometers.

The construction of optical cable lines is related to the breadth and quality of network laying, and is an important network infrastructure. China's all-optical network construction is advancing rapidly, and by the end of 2023, the number of Internet broadband access ports will reach 113.6 billion, a net increase of 64.86 million over the end of the previous year. More than 80% of administrative villages nationwide are connected to 5G.

It was learned from the 2024 comprehensive transportation Spring Festival transportation work team that on February 13 (the 19th day of the Spring Festival, the fourth day of the first lunar month), the cross-regional flow of people in the whole society was about 301.39 million, an increase of 18 over the same period in 20232%, and the single-day cross-regional flow of people in the whole society in 2024 will exceed 300 million for the first time. Specifically, the railway passenger volume is 129270,000 passengers, an increase of 50 over the same period in 20235%;Waterway passenger traffic 13780,000 passengers, an increase of 52 over the same period in 20234%;Civil aviation passenger traffic 22930,000 people, an increase of 57 over the same period in 20234%。According to the Civil Aviation Administration of China, on the 14th, the National Aviation is expected to guarantee 17,370 flights, which are expected to provide 2.61 million seats and transport 2.32 million passengers. Judging from the booking situation in the coming week, the average number of tickets booked per day from the 14th to the 16th is 226990,000, of which the highest on the 14th was 232420,000; The average daily booking from February 17 to 20 was 170280 thousand. On the 14th, there were more round-trip bookings from Beijing to Chengdu and Shanghai. At the same time, it is expected that Guangzhou Airport will have the highest passenger throughput, reaching 2280,000 people. From the Ministry of Commerce learned,During the Spring Festival, sales of festive goods are booming. The Ministry of Commerce focuses on monitoring the sales of green organic food, gold, silver and jewelry of retail enterprises increased by more than 10% year-on-year. Consumption of services has increased significantly. During the festival, the accommodation turnover of key monitoring e-commerce platforms increased by more than 60% year-on-year, of which the turnover of rural houses around Harbin increased by more than 3 times. The price of daily necessities is abundant and stable. According to the business big data monitoring of the Ministry of Commerce, the inventory of grain, oil, meat, poultry eggs and vegetables in 100 large-scale agricultural and sideline product wholesale markets across the country is sufficient; In the first five days of the holiday, grain, edible oil, pork, beef and mutton, chicken, eggs** were basically the same as before the holiday, and vegetables** decreased by 1 compared with before the holiday2%。On the 14th, CCTV reporters learned from Fudan University that the team of Professor Feng Jianfeng and Cheng Wei of the Institute of Brain-like Intelligence Science and Technology of the university and Professor Yu Jintai of Huashan Hospital affiliated to Fudan University carried out joint research.

The findings were published in Nature Aging under the title "plasma proteomic profiles predict future dementia in healthy adults". According to the team, if everything goes well, it can be applied to clinical testing after half a year to screen out high-risk groups. Early detection provides the possibility of early intervention, delaying or even eliminating the progression of the disease.

According to the data of Lighthouse Professional Edition, as of 16:00 on February 14, the total box office (including pre-sale) of the 2024 Spring Festival stalls (February 10-17) exceeded 5.7 billion yuan! "Hot and Hot", "Flying Life 2" and "Bear Infested: Reversing Time and Space" are temporarily among the top three at the box office. The Hong Kong Tourism Board announced on the 14th that there were 3.83 million visitors to Hong Kong in January, reaching 72% of the same period in 2018. From the first day to the fourth day of the Lunar New Year (10-13 February), 750,000 visitors visited Hong Kong, of which 650,000 were Mainland visitors. Thailand's Minister of Tourism and Sports, Sudawan, released a statistical report on Thailand's tourism situation during the Chinese New Year period from February 5 to 11 on February 13. According to the report, the number of international tourists entering Thailand during the period reached 872235, an increase of 102227 from the previous week. Among them, China had the largest number of tourists, reaching 194275, an increase of 38% from the previous week and higher than the previous forecast of 1770,000 people.

Company News

uberOn Feb. 14, Uber announced that its board of directors had authorized the repurchase of up to $7 billion of the company's common stock. Uber's chief financial officer said this was the first time the company had authorized a buyback program, adding that "it is a vote of confidence in the company's strong financial momentum." CNOOC:News was released on the 14thThe first in the worldIntegrated Construction of Waste-to-Power Facility – The first phase of the Hong Kong Integrated Waste Management Facility (HKIMF) project module was completed and delivered at the Zhuhai site.

The first phase of the Hong Kong Integrated Waste Management Facility (HKIMF) project is to build a new 16-hectare artificial island in the waters near Shek Kwu Chau in Hong Kong, and build facilities such as waste sorting**, waste-to-energy incineration, seawater desalination and sewage treatment on the island.

Lianrui PicturesOn the evening of February 14, according to the Weibo released by "Lianrui Pictures","Let's Shake the Sun Together" announced its withdrawal from this year's Spring Festival, and February 15 is the last day of the film's release during the Spring Festival. It is reported that the film will be postponed to March 30. The topic of "Let's shake the sun together and announce the postponement of the release" also instantly rushed to the hot search on Weibo. 4.CITIC sharesOn the 14th, the Hong Kong Stock Exchange announced that due to the refusal of the mine's owner Mineralogy to the tailings dam expansion project, CITIC Ao Mine is now forced to lower the estimated output of iron concentrate powder in 2024 to about 14 million wet tons (21 million wet tons in 2023).

The Company previously disclosed in its 2023 Semi-Annual Report that the continued operation of CITIC Ao Mine requires the expansion of its pit and waste rock dump tailings dam beyond the scope of the land that has now been granted. Unless the above expansion is approved, the pit and waste rock dump tailings dam restrictions will lead to a reduction in the company's iron concentrate production in 2024, which may eventually lead to a temporary shutdown.

5.Berkshire HathawayBuffett's Berkshire Hathaway released 13F documents for the fourth quarter of 2023 show that Berkshire Hathaway ** Apple has 10 million shares and increased its holdings in Chevron by 16 million shares. As of the end of the fourth quarter, the total size of the ** position was $347 billion, an increase of $34 billion from the previous quarter. TUI Group:At the annual general meeting of TUI Group, Europe's largest travel company, TUI shareholders voted to approve the company's delisting from the London** Stock Exchange. The shareholder vote was 9835% in favor of delisting, 165% against.

7.Sony Group:On Feb. 14, Sony Group said it would "actively consider any other opportunity" to expand its presence in the Indian entertainment market following the failed merger of its Indian subsidiary with local broadcaster Zee. "India remains a promising market for Sony Entertainment content in the long run. Sony's president, chief operating officer and chief financial officer Hiroki Totoshi said at the earnings conference.

8.Aunt Shanghai:After opening 7,297 stores in 10 years, Shanghai Auntie, which has the fourth largest network of ready-made tea shops in China, submitted a listing application to the Hong Kong Stock Exchange on February 14, officially launching an IPO sprint.

This is another ready-made tea company that is ready to be listed in Hong Kong after Tea Baidao, Gu Ming Holdings, and Mixue Bingcheng. Prior to this, Nai Xue's tea had been listed on the Hong Kong Stock Exchange.

Bank of Communications:On February 14, Bank of Communications said that it is taking multiple measures to promote the implementation of the urban real estate financing coordination mechanism. As of February 13, BOCOM has obtained and connected 1,442 projects on the list since the release of the project list in various places, and has already provided loans to some of them.

Since the establishment of the urban real estate financing coordination mechanism, commercial banks are "racing against time" to promote the implementation of real estate project financing. At present, the five major state-owned banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications, as well as joint-stock banks such as China Merchants Bank, China CITIC Bank and China Everbright Bank, have rushed to "take action" and comprehensively deploy relevant work to support the reasonable financing needs of real estate projects to achieve practical results.

diamondback energy:According to the U.S. "Fortune" **13**, on the 12th local time, the U.S. shale gas producer Diamondback Energy announced on its official website that it had reached a definitive merger agreement to acquire Ende** or Energy Resources LP in the form of cash and **, with a transaction value of about 26 billion US dollars (about 187 billion yuan).

Ende**or is the largest privately owned oil and gas producer in the Permian Basin, a major shale oil producing region in the United States. According to the press release, the merger will create a first-in-class Permian Basin independent operator. It is reported that the combined daily shale oil production of the two companies is equivalent to 8160,000 barrels. Both companies are headquartered in Midland, Texas, in the Permian Basin**, which produces more than 70 million tons per year. According to local **, the new company will be the world's third-largest oil and gas producer after ExxonMobil and Chevron.

Reporter: Ya Wenhui Editor: Jiao Yuanyuan Proofreader: Zhang Lijing Producer: Li Ruoyu Signed: Peng Yong

Related Pages