Fun fact about the usa election: Would a "lame duck president" actually make the US stock market more exciting?
①Looking at the historical performance of the US stock market, US presidential elections will hardly affect the upward trend of US stocks in the medium and long term; ②A report from Bank of America shows that if a Democratic president emerges, but the Congress is fully or partially controlled by the Republicans, the returns of US stocks will be positively influenced by political factors.
Share buyback and shareholding loans are quickly implemented! Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Merchants Bank, Citic Bank, and other banks have announced progress. Some banks have cooperation intention
①As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, explicitly committing loans to 32 listed companies, covering industries such as integrated circuits, transportation, high-end manufacturing, and business services; ②The bank stated that it will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of the stock increase stake & buy back and reloan policy from illegally flowing into the stock market.
The main business of daily-use ceramics is under pressure, and the downturn in performance is hard to hide. Guangdong Songfa Ceramics disclosed a restructuring plan, aiming to "shift focus" to ships and sse high-end equipment manufacturing 60 index. | Qui
guangdong songfa ceramics plans to acquire 100% equity of Hengli Heavy Industries. In the future, its main business will change to the research and development, production, and sales of ships and sse high-end equipment manufacturing 60 index. Daily-use ceramics business is under pressure, with the company's revenue declining year by year in the past three years. The net income has always been negative, and in the first half of this year, the net loss narrowed compared to the same period last year, but it has still not achieved a turnaround to profit.
"Always on the road" Guangdong Songfa Ceramics seeks asset restructuring again, intending to inject assets under the control of the major shareholder | Quick announcement.
①Guangdong Songfa Ceramics plans to purchase a certain amount of equity of Hengli Heavy Industry or a certain amount of equity of a subsidiary of Hengli Heavy Industry, this transaction constitutes a major asset restructuring and related party transaction. ②Guangdong Songfa Ceramics has suffered losses for three consecutive years and urgently needs to inject momentum into its performance.
The export order of products continues to be hot, and institutions suggest paying attention to the export chain of light industry and home furnishings.
According to the data from the General Administration of Customs, the export value of China's furniture and its parts reached 319.1 billion yuan in the first 8 months of this year, an increase of 12.3% compared to the same period last year. Caitong Securities believes that with the gradual end of overseas destocking, the replenishment cycle may come, and coupled with the expected recovery of the US real estate market due to interest rate cuts in 2024, export orders from overseas companies are expected to improve. It is recommended to pay attention to the export chain of light household products.
The decline in performance and the fall in stock prices has prompted guangzhou holike creative home convertible bonds to begin repurchasing | Quick Read Announcement.
①Guangzhou Holike Creative Home announced today that it is initiating the buyback of the convertible bonds. Historical announcements show that this is the second buyback this year after repeatedly announcing no downward revision of the debt-for-equity swap price. ②Affected by factors such as the weakening of the home industry's prosperity, the company's net income in the first half of the year declined compared to the same period last year, but the company's funds are relatively abundant.