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Big company headlines
The chip crisis did not improve substantially, and GM's pickup factory had no choice but to stop production for two weeks.
Sony could launch a new PS game subscription service as soon as next week.
Further enter the lucrative game market! Netflix acquires a third video game company.
Xilai expects to adjust the price of 2022 ES8, ES6 and EC6 models after upgrading in late May.
Sinopec: profits attributable to shareholders rose 115.2% to 71.975 billion yuan in 2021, the best operating performance in nearly a decade.
The net profit of Haichang Ocean Park reached 845 million yuan in 2021, a substantial turnround compared with the same period last year.
Yingke disclosed its 2021 results: gross profit rose 176.1 per cent to 3.305 billion yuan and gross profit margin rose sharply to 36 per cent.
Zhengye International's net profit rose 193.7% to 161 million yuan in 2021, and its gross profit margin rose to 19.03%.
Sihuan Medicine: Xuanzhu Biology, a subsidiary of innovative drug research and development, is to be listed on the board of Shanghai Stock Exchange Co., Ltd.
The results of the latest preclinical study of Goliath Pharmaceuticals-Bvu in the development of new anticancer drugs were selected for the American Association for Cancer Research (AACR) annual meeting in 2022.
Dehydration research report
BofA Securities cut China Life's earnings forecast for 2022-23 by 7 to 11 per cent, while new business value growth forecast for 2022 fell 14 per cent amid concerns of weak demand.
BofA Securities raised China Coal's after-tax profit forecast for 2022-24 by 3-10 per cent to reflect positive views on coal prices, tight supply and steady growth in the company's coal production.
Citigroup said the reduction in average selling prices since the second half of last year, coupled with rising costs, is expected to continue to put pressure on profit margins this year, cutting its net profit forecast for 2022 / 23 by 7 per cent to 9 per cent.
BoCom International said that given the impact of the epidemic and the high base effect, China Resources Beer's performance in the first half of 2022 is expected to be similar to or worse than that of 2021.
UBS: maintains its Meta "buy" rating with a target price of $280.
Goldman Sachs: raised Alcoa's target price to $115 from $88 and reiterated its "buy" rating on the stock.
Evercore ISI: reiterated its "outperform" rating on Amazon, with a target price of $4300.
Piper Sandler: reiterated Moderna's "overweight" rating with a target price of $348.
Wedbush: reiterated Nikola's "neutral" rating with a target price of $15.
Hot spot announcement
Sihuan Pharmaceutical: it is proposed to spin off Xuanzhu Biotechnology shares and be listed on the Shanghai Stock Exchange Kechuang Board.
Haixin Group: about 3.55% discount is proposed to place 160 million shares, raising a net HK $29.2 million.
Jiangxi Copper shares: 90% of Jiangxi Copper Group's shares are to be transferred to Jiangxi State Control for free.
Zhengrong Real Estate: the subsidiary plans to sell 51% equity of Zhenglong (Foshan) Real Estate Development for 156 million yuan.
Kang long Huacheng: plan to acquire 100% equity of Ankai Yibo with 83.6 million yuan.
Macro headlines
"March 21" China Eastern Airlines accident 132 people on board were killed, the second black box has been found, China Eastern Airlines started to pay compensation.
From January to February, the profits of China's industrial enterprises above scale increased by 5%, and the profits of non-ferrous metal smelting and chemical industries increased by more than 60% and 27% respectively.
Since 5: 00 on Monday, March 28, nucleic acid screening has been carried out in batches in Shanghai with Huangpu River as the boundary. In the first batch, Pudong, Punan and their adjacent areas will be blocked and nucleic acid screening will be carried out and unsealed at 5: 00 on April 1. at the same time, the key areas in Puxi will continue to be blocked and managed; in the second batch, from 3: 00 on April 1, they will be blocked and screened and unsealed at 3: 00 on April 5.
Great changes in the new energy car track! The NDRC said that auto companies will no longer increase their production capacity until they reach a reasonable scale, speed up the development of new battery technologies such as sodium ion, cobalt-free, solid-state battery and fuel cell, and effectively alleviate the contradiction in the supply of rare and scarce metal resources. we will strengthen the construction of a resource guarantee system for lithium, nickel, cobalt and other resources.
BYD Wang Chuanfu: volume density is no longer the most important indicator of power batteries. It is estimated that the permeability of new energy vehicles in China will reach 35% by the end of this year.
Bancassurance Regulatory Commission: guide insurance institutions to allocate more funds to equity assets; avoid industry-related loan withdrawal and loan break.
China Securities News: Sino-US audit regulatory cooperation is moving in the opposite direction. The Securities Regulatory Commission said that both sides have shown a positive willingness and pragmatic attitude to solve the problem, and have continued to conduct efficient, frank and professional consultations recently.
Shenzhen and Hangzhou have taken big measures to reduce the rent of housing in state-owned enterprises by three free and one-half, and the scope of the reduction of "six taxes and two fees" has been expanded.
Huawei held its 2021 operating results conference on Monday in response to US sanctions on Russian companies testing Hongmeng's system: there are no plans to promote Hongmeng mobile phones overseas for the time being.
A new round of face-to-face talks between Russia and Ukraine will be held in Turkey this week. Ukrainian President: negotiations with Russia will not discuss demilitarization and other issues, and is willing to face Russia on the issue of Ukrainian neutrality.
Fed officials spoke one after another to maintain market confidence in an "economic soft landing", and the three major stock indexes continued to rebound; energy commodity futures prices rebounded strongly, driving related sectors higher; and China was probably affected by the negative impact of PCAOB.
USMART smart writer's information and data come from public media reports, smart writer can not guarantee its complete accuracy, the content is for reference only, does not constitute investment advice.
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