Author: xjadmin

On May 8th, chip concentrated stocks have attracted market attention. According to statistics, compared to the end of the first quarter (March 31), the number of shareholders with 620 shares in the latest period (April 30) has decreased. Among them, 166 shares have decreased by more than 5%, and 62 shares have decreased by more than 10%. From the perspective of industry distribution, the above 166 stocks are mainly concentrated in the mechanical equipment, electronics, automotive, and basic chemical industries, with as many as 35 stocks in the mechanical equipment industry and 20 stocks in the electronics industry. In terms of performance, out of the 166 stocks mentioned above, 134 stocks made profits in 2024, accounting for over 80%. Among them, 69 stocks showed an increasing trend in net profit in 2024. From an overall performance perspective, among the 166 stocks mentioned above, excluding those that were subject to delisting risk warnings, the average decline in April exceeded that of the Shanghai and Shenzhen 300 Index. Among them, 16 stocks such as Hengbo Shares, Shanshui Bide, and Qide New Materials surged by more than 10% in April. (Securities Times)

On May 8th, the public fund industry will usher in a major fee reform. The China Securities Regulatory Commission recently issued the “Action Plan for Promoting High Quality Development of Public Funds”, proposing the establishment of a floating management fee collection mechanism linked to fund performance. China Securities Journal reporters have learned in the industry that the first batch of innovative floating rate products based on performance comparison benchmarks are expected to be launched, and more than 20 fund companies are about to report related products, which is expected to break the fixed rate model of “guaranteed income in droughts and floods” and deeply link fund manager incentives with investor returns. (China Securities Journal)

On May 8th, the newly appointed German Interior Minister Alexander Dobrindt issued an order on May 7th local time to refuse undocumented immigrants at the German border, including asylum seekers, from entering Germany. Dobrindt announced that he has decided to revoke the 2015 directive allowing undocumented third country immigrants to enter Germany in order to reduce the number of illegal immigrants, and stated that the current number of illegal immigrants in Germany is still too high.

On May 8th, French President Macron held a meeting with visiting German Chancellor Mertz in Paris. The two sides stated at a joint press conference that they will strengthen bilateral relations and cooperation to jointly address the challenges facing Europe. Macron said that the friendly relationship between France and Germany and the construction of Europe will open a new page, and the two countries will strengthen cooperation in various fields to address the challenges faced by Europe. Mertz said that Europe needs to address challenges in defense security, industrial competitiveness, and other areas, and Germany and France need to strengthen unity to drive European partners to make progress together. Macron also stated that France and Germany will cooperate in dealing with US tariffs and other aspects.

On May 8th, Arm Holdings’ total revenue for the fourth quarter was 1.24 billion US dollars, with analysts expecting 1.23 billion US dollars; The operating profit for the fourth quarter was $655 million, with analysts expecting $621.8 million; In the fourth fiscal quarter, licensing and other revenue amounted to $634 million, with analysts expecting $662.1 million; The usage fee revenue for the fourth fiscal quarter was 607 million US dollars, with analysts expecting 567.7 million US dollars; The contract value for the fourth quarter is annualized at $1.37 billion, with analysts expecting $1.31 billion. The company expects first quarter revenue of $1 billion to $1.1 billion, with analysts expecting $1.1 billion.

On May 8th, Federal Reserve Chairman Powell stated that consumer spending and inventory may be revised upwards in the first quarter, making it more difficult to make a clear assessment of US demand. Everyone on the committee supports a wait-and-see approach, as fluctuations in GDP data will not truly change the situation of the Federal Reserve, and the link between confidence data and spending has always been weak.

On May 8th, Federal Reserve Chairman Powell stated that the most frequently heard question is whether quantitative easing (QE) should be better explained, and in hindsight, whether the Fed should reduce QE earlier or accelerate the pace of its reduction. But he doesn’t want to significantly tighten the financial environment when the economy is fragile.

On May 8th, Federal Reserve Chairman Powell stated that the uncertainty of the economic path is extremely high, and the downside risk has increased. Uncertainty may be reflected in weak economic data; The risks of rising unemployment and inflation have increased, but have not yet appeared in the data; The correct approach is to wait for further certainty. Enterprises and households are generally concerned, and if no measures are taken to alleviate these concerns, it is expected that these concerns will become apparent in data weeks or months from now.

On May 8th, WTI crude oil futures for June closed down $1.02, or 1.73%, at $58.07 per barrel. Brent crude oil futures for July closed down $1.03, or 1.66%, at $61.12 per barrel. NYMEX June natural gas futures closed up 4.56% at $3.6210 per million British thermal units.

Xinhua News Agency, Kuala Lumpur, May 7 (Reporter Wang Jiawei and Mao Pengfei) On the 6th, Malaysian Prime Minister Anwar said that, as the flagship project of the “the Belt and Road” cooperation between Malaysia and China, the Malaysian East Coast Railway (Malaysia East Railway) project is not only a modern, advanced and fast transportation system, but also a catalyst for the regions along the line to explore new growth areas.

Anwar stated at the recruitment launch ceremony for the operation and maintenance phase of the Ma Dong Railway and the vocational education launch ceremony for the “China Malaysia Railway Talent Training Program” Liuzhou Railway Vocational and Technical College that the construction and development of the Ma Dong Railway project are of great significance in promoting local economic and trade cooperation and development.

It is reported that the “China Malaysia Railway Talent Training Program” will send 210 Malaysian students to Liuzhou Railway Vocational and Technical College for exchange and learning this year. At the launch ceremony, Anwar presented admission notices to the first batch of student representatives. Anwar stated that this plan will help open up broader and more stable career paths for young talents in Malaysia.

Wang Hanqiang, Secretary of the Party Committee of Liuzhou Railway Vocational and Technical College, stated that railway construction, operation, and maintenance involve various professional knowledge. The “China Malaysia Railway Talent Training Program” has tailored training courses that meet the practical needs of Malaysian students. The college looks forward to Malaysian students coming to exchange and interact with local teachers and students, becoming young ambassadors who witness the friendship between China and Malaysia.

The designed total length of the Malaysia East Rail project is over 600 kilometers, and after completion, it is expected to drive economic development in the east coast of Malaysia and greatly promote connectivity along the line. Malaysia’s Minister of Transport, Lu Zhaofu, introduced that the overall progress of the project construction has exceeded 80%, and it is expected to be officially put into operation in 2027.