#Hong Kong Stock Market

[dolphin-research]

理想汽車：盈利閃崩？不致命，但很“尬”

理想汽車上周五晚發佈了2022你愛你三季度財報，這次雖然 10、11 月的銷量慢慢恢復了，但是三季度還是埋雷了。主要要点： 1、理想 One 銷量崩盤太快，公司沒有預料到，原本為理想 One 準備的庫存和供應商合同都面臨損失，導致這個季度理想 One 上計提了 8 億多的存貨減值和合同損失。最直接的後果是，這個季度汽車銷售毛利率出現閃崩； 2、剔除理想 One 這次相對的意外一次性減值，汽車銷售毛利率是 20.8%，與市場預期基本一致，不過趨勢上還是下滑的狀態； 3、四季度的銷量指引4.5-4.8 萬，只能說是勉強過關； 4、單車價格因為 L9 銷量占比從零直接到了 40%，所以單價直接拉到了 34 萬，但這個數據也在市場預期之內，甚至有點稍不及市場預期； 5、對於理想這種還需要研發純電車的新勢力而言，研發的投入剛性高增幾乎板上釘釘，這個季度飆升地尤其明顯，只有銷售費用看起來稍微克制了一下，但也只是相對的。

整體上雖然毛利率因為理想 One 備貨問題大幅下滑，但這種整體算是一次性失誤，而且目前銷量也算慢慢恢復了，對股價在情緒上有影響，但應該不會很大。 但主要的問題是，除了這個相對利空的問題，理想這個季度的業績其他並無非常樂觀的邊際資訊，反而指引是在預期之內偏靠下的位置，收入 93 億、單車價格 34 萬也都只能說是勉強及格。 而展望的話，毛利率上四季度明顯不好；明年整車市場競爭加劇，整體收入和單車毛利率不確定都非常大，而目前理想的股價其實已經恢復到了今年十一時候的價位。

[likesmoney]

The Year of the Dragon

The Hong Kong Stocks Market dropped over 56% from its January, 2018 all-time high to its 2022 low. The HSI retested that low back in January, 2024.  2024 is the Year of the Dragon and so far the HSI is up 13% over from its January 22., 2024 low. Could the Year of the Dragon bring good fortune to the Chinese Market? In my special report, The Year of the Dragon, we will look at the daily,…

[businessmemes]

Eileen is onto something here...

[asiantimes-world-news]

The total value of shares listed on Indian exchanges hit $4.3 trillion on Monday 

[panchitacarmensita]

A Guide to Navigating Corporate Legal Requirements in Hong Kong

Operating a business in Hong Kong comes with ample opportunities but also an array of legal and regulatory requirements that corporations must comply with. Failing to adhere to the rules around company formation, securities trading, taxation, employment and other key areas can land your business in hot water. This guide outlines the major legal landscape that HK corporations should be aware of.

Choosing a Business Structure

One of the first steps is deciding how you will formally constitute your HK company. Common structures for small to mid-sized companies include a Private Limited Company and Limited Company. Key legal paperwork includes filing Articles of Association and a Memorandum that specifies company objectives and structure. You’ll also need to formally issue company shares and understand share classes as well as share types like ordinary or preference shares with varying ownership rights. Statutory meetings must be held annually.

Following Securities Trading Laws

If your company seeks investment from the public, then you must comply with Hong Kong securities regulations around registering prospectuses, issuing financial reports and disclosing shareholder equity changes, governed overall by the Securities and Futures Ordinance (SFO). Listed firms face continuing regulatory burdens around price sensitive information – any data that may impact share prices must be announced. Insider trading is also tightly regulated under SFO, least employees use undisclosed financial information for profit.

Paying Taxes and Filing Returns

As a HK corporation, key taxes will include Profits Tax on company earnings as well as potential Withholding Tax on payments like royalties or service fees sent overseas. Proper calculation of tax residency status is essential to determine tax exposure. Audited accounts may be required, and tax returns generally must be filed annually under strict guidelines. FAILURE_DETECTED

Meeting Employment, Payroll Regulations

Critical employment law issues span offering employment contracts that meet government standards on pay, overtime, leave policies and more per Hong Kong’s Employment Ordinance. Preventing discrimination and sexual harassment is also mandated. Retirement schemes equivalent to at least the Minimum Wage level (currently HK$37.5 hourly) must be provided. Consult deeply on hiring and termination best practices.

Protecting Intellectual Property Rights

Register trademarks and patents early to establish legal ownership over key company innovations and brands in the Hong Kong market. Also enact document management procedures focused on retaining contracts, transaction records, board minutes and other materials that may be involved in potential disputes or investigations for 6-7 years as best practice.

The regulatory pressures on HK corporations are significant, but with proper legal guidance around formation, trading, hiring, tax policies and IP rights, your company can securely navigate the Hong Kong landscape. Government agencies like InvestHK provide additional resources on ongoing compliance requirements as corporate policies evolve. Taking a conservative approach with oversight from your company secretary or legal team is wise as your business grows and expands.

[sophsweet]

How Capitalist Objectives Impact on Global Public Health

An Oxford University study showed, in June 2020, that despite the Spanish Flu pandemic of 1918-1919 and two subsequent flu pandemics in the USA in the 1960s and 1970s had proven to be multiple times more lethal than COVID-19, that they had very limited impacts on the stock market at the time. In comparison, the Oxford University article reports that: The evidence we amass suggests that…

[mrbilge]

HANG SENG ends up +1.41% in Friday

Best performer:

Sunny Optical Technology Company Limited 

Trading Up(+8.82%) - known as Sunny Optical or just Sunny is a Chinese civilian-run enterprise and listed company that produces optical lenses.

It was founded in 2006 and became a listed company in 2007. It is one of the largest optical lens manufacturers in the world, with a market share of over 20%. Sunny Optical's products are used in a wide range of applications, including mobile phones, cameras, microscopes, and automotive safety systems.

Customers include major Chinese smartphone brands such as Huawei, Oppo, and Vivo. The company also supplies lenses to other leading global brands, such as Sony, Panasonic, and Olympus.

Sunny Optical is a research-intensive company with a strong focus on innovation. The company has over 1,000 R&D personnel and has filed over 10,000 patents. Sunny Optical is committed to developing new optical technologies and products that meet the needs of its customers.

In recent years, it has expanded its global footprint. The company has established subsidiaries in North America, Europe, and Asia. 

It is also a major supplier to the automotive industry, and the company has established a manufacturing plant in Germany to meet the growing demand for automotive lenses.

Sunny Optical's customers include a wide range of companies, including:

Mobile phone brands: Huawei, Xiaomi, Oppo, Vivo, Lenovo, Samsung

Camera brands: Sony, Panasonic, Olympus, Carl Zeiss

Automotive brands: Magna, TRW, Continental

Medical device brands: Hikvision

Optical instrument brands: Edmund Optics, Thorlabs

Sunny Optical also supplies lenses to other industries, such as security surveillance, industrial automation, and virtual reality.

Sunny Optical Technology (Group) Company Limited (HKSE: 2382) reported its financial results for the third quarter of 2023 on March 20, 2023.

The company's revenue for the third quarter of 2023 was RMB 8.11 billion (US$1.2 billion), down 1.7% from the same quarter last year. 

Net income was RMB 2.21 billion (US$320 million), down 10.4% from the same quarter last year.

The company's gross margin was 19.9%, down from 20.9% in the same quarter last year. 

Operating margin was 7.56%, down from 8.2% in the same quarter last year.

Despite the challenges, the company's management remains confident in the company's long-term growth prospects. The company is investing in new technologies, such as augmented reality and artificial intelligence, to drive future growth.

Sunny Optical's prospects are positive for the following reasons:

The global optical lens market is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2027.

Sunny Optical is a major player in the global optical lens market, with a market share of over 20%.

The company has a strong track record of innovation, and it is constantly developing new products to meet the needs of its customers.

Sunny Optical has a strong financial position, with a healthy balance sheet and a low debt load.

However, there are some challenges that could impact Sunny Optical's prospects, such as:

The global smartphone market is expected to slow down in the coming years.

The company faces increasing competition from Chinese and Japanese lens manufacturers.

The company's supply chain could be disrupted by political or economic events.

Here are some of the factors that could drive Sunny Optical's future growth:

The growth of the smartphone market, particularly in emerging markets.

The increasing demand for high-quality optical lenses in the automotive and medical device industries.

The development of new technologies, such as augmented reality and virtual reality, which will require high-performance optical lenses.

Overall, Sunny Optical is a leading player in the global optical lens market with a bright future. The company is well-positioned to benefit from the growth of the market and the development of new technologies.

HSI Friday Top Risers and Fallers

[vbartilucci]

In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased.

The creeping rot inside commercial real estate is like a dark seam running through the global economy. Even as stock markets rally and investors are hopeful that the fastest interest-rate increases in a generation will ebb, the trouble in property is set to play out for years.

It's amazing how little I care.

I recall stories about house-flippers who were drowning in high-interest mortgages they never expected to need to float for more than a year, simply leaving the keys to perfectly good homes in the mailbox and walking away.

[curioscurio]

[Short Story]

80 Percent

One day, we developed the technology to completely map out and visualize every single living creature and object in the ocean. The machine had been running for a few years and received an extraordinary amount of funding from scientific organizations around the world.

When it finishes its job, the results are to be instantly shared around the world.

On the final day of the countdown, everyone started getting giddy with excitement and curiosity while waiting for the results.

"This is really magnificent. Who knows what incredible forms of life we're going to find?" An intern in New Zealand bounced with nervous energy and smiled.

"I hope it's hiding epic and delicious sea monsters, like in hollywood movies!" A lighthearted seafood chef in Spain jokes.

"There could be a sponge out there with the cure to cancer!" A sick child in America coughs out to their nurse.

Oil and fishing industries everywhere were hosting company parties; celebrating the new abundance of supply to support the crushing weight of demand.

A salaryman in Hong Kong playfully groans. "Anything but the same old boring fish we see all the time. I'd love to see something like a never-before seen creature with octopus-like intelligence!"

"It's nice to know that, despite all of mankind's careless neglect of the ocean, there's still an abundance of nature still untouched by humanities pollution." An environmental activist in India comments.

Deep in the middle of the Atlantic, a scientific research boat sits filled with passionate marine biologists.

Someone hastily bought a cake to celebrate the hard work everyone had put into the project over the years. The team didn't know what kind of discoveries they'd run into, so it was decided that a baby shower themed cake would have to do. On the top, in blue frosting, was written: "Congratulations! It's a____!"

Presumably, the blank was to be filled in once the data from the machine was compiled.

The machine beeps once, echoing throughout the research vessel, and everyone races to the screen as fast as their legs will take them.

They read the results.

No one says anything.

"That can't be right. Someone go and reset the device and run it again." The head scientist sighs, confident that they had run into an error.

Another twenty minutes go by.

The machine beeps once.

The updated model is largely the same as the previous one.

"...maybe it's not done loading." Someone shatters the silence, and the crowd of scientists flinch, but no one dares take their sights off the screen. Nobody breathes. It's the same outcome on the third try, as well.

The visual simulation on the computer screen shows a complex 3D model of all the life in the entire ocean.

There are whales gliding between continents, sharks feasting on squids, and squids feasting on sharks. Gorgeous and intelligent octopus that can change the color of their skin at will. A pod of humpback whales could be seen off the coast of Antarctica. All of the diverse and colorful life living in the ocean swim before their eyes in a transparent globe of digital seawater.

It looks just like a modern map of the ocean as we know it.

"I don't understand. It looks exactly the same." Someone whispers.

"Exactly. Humankind has only been able to explore around 20 percent of the entire ocean on planet Earth." The head scientist gulps, eyes still hooked to the glassy screen.

"So," someone's voice begins to waver. "You're saying that the other 80 percent..."

No one answers. No one blinks.

"It's... empty. It's not detecting any life signs that we haven't already discovered. It's empty." Someone says.

Someone thinks about pollution.

Someone thinks about shark fin soup.

Someone thinks about the stock market.

Someone thinks about a pet store; shelves lined with dozens of fish that float upside-down and belly up at the top of their tanks.

"... we're all that's left." Someone says.

[fredwkong]

Genie: Javier's Wishes

Click here to see the genie’s first master.

Click here to see the genie's previous master.

When the club finally closed at 3 AM, Javier breathed a sigh of relief. Sure, now he had to clean the whole place after a night of metalhead raving, but after that, he could go home and get some blessed sleep before his shift at the grocery store in the morning.

Javier was putting himself through college. On paper, the job at the club was great, way better than his other stocking and retail jobs. For most of his shift, he could do his readings while making sure that the patrons didn’t get too randy in the bathroom every 20 minutes or so. Even so, the constant cycle of work, sleep, class, repeat was draining. More than anything, Javier wanted some time off to travel.

While tossing a bag of garbage out into the alley, a glimmer of light in the dimness caught Javier’s eye. Just to one side of the door, as if it had been dropped carelessly, was an antique lamp.

Javier picked it up and stuck it in his hoodie pocket. If nothing else, it seemed to be real brass. He could probably sell it. With heavy, tired feet, Javier finished with clean-up and headed home. Before he could even think to unpack his things, he collapsed on his bed.

It wasn’t until the next day, after a shift at the grocery store, afternoon classes, and an evening at his tutoring job, that Javier slumped at the desk in his studio apartment and took out the lamp.

The thing was definitely real brass. There was just one discoloured spot on the side. Javier grabbed a washcloth, but he had barely begun to rub it when a stream of rainbow smoke erupted from the spout. Seconds later, a buff genie in a pair of form-fitting satin pants and a billowy white shirt was hovering in the middle of Javier’s room.

“You know how this goes, right babe?” the genie said, grinning down at Javier. “You make a wish each day, and I make it come true.”

Javier barely had to think. He knew what he needed in his life. “I wish I could travel,” he told the genie.

“Perf,” replied the genie, and clapped his big hands. A burst of dark blue smoke shot from between his hands and then thickened, filling Javier’s vision. In particular, it centred on his old flip phone, the cheapest thing that he had been able to buy.

When the smoke cleared, Javier looked down at himself and was shocked to see that he was in a sharp business suit, holding a briefcase. Instead of his old apartment, he was standing in a hotel room. On the desk, a sleek new Samsung flip phone was open, an appointment blinking. Javier had to get to the airport to fly to London.

In the taxi, Javier took a few work calls. He found that the information he needed for his new job as a marketing professional appeared in his mind as he reached for it. But, by the time he boarded the plane, he realised that he had to create a presentation and do hours of research before he landed at Heathrow. Thankfully, the company paid for his business class seat and in-flight wifi.

After the meeting in London, it was only a few hours until Javier was on his way to a meeting in Lagos. From there, he flew to Kuala Lumpur, and then Hong Kong. It was three days before Javier was sitting on a plane without any pressing work tasks to complete. After so many flights, he wasn’t sure where he was flying to. He went into the airplane toilet and rubbed the lamp.

The genie appeared in the mirror, disdaining to diminish his bulk in the cramped quarters. “You got another wish?” he purred, grinning out at Javier.

“I wish I didn’t have to work,” Javier said, his voice slurring from tiredness.

“Haven’t heard that one before.” The genie winked, and the vent in the bathroom issued a cloud of dark blue smoke. Instead of a suit, Javier found himself in perfectly fitted loungewear as the tiny commercial toilet expanded into a luxurious bathroom. Stepping out of the door, Javier stood in the bedroom of a private jet decorated in a classy, understated style.

A cute young man in a steward uniform stepped into the room. “Can I help with anything, sir?”

“Please, just call me Javi,” Javi said, the words seeming to fall from his lips unbidden in a smooth, laid-back tone. “And no, I’ll call if I need anything.” The full-size bed and fresh satin sheets were calling to him.

After a nap, Javi felt refreshed. The plane was coming in to land in some exotic locale or another. As a trust fund baby with several million dollars in the bank, Javi loved to fly from place to place around the world as the mood took him. He would just stay at a local resort until he got bored and flew out again.

And yet, all the days of partying and living it up felt strangely empty. Javi found himself remembering his life before the genie. All his classmates, friends, and coworkers still living from paycheque to paycheque while Javi ate off of plates worth more than they made in a year. Still, even his indescribable wealth wasn’t enough to support all of them for the rest of their lives. Not if Javi wanted to live as he was becoming accustomed to. So he summoned the genie.

“I wish I could help my friends.”

“Finally, something I can work with,” the genie groaned dramatically, and snapped his fingers.

Instantly, Javi’s vision filled with dark blue smoke. There was a wrenching sensation as he seemed to be pulled across a great distance. When his vision cleared, Javi found himself seated in a well-appointed lounge. He was in a perfectly tailored, fashionable suit, and looked over the rims of his round sunglasses as another young suited man entered.

“Your Highness,” the man said, making Javi’s head spin, “announcing tonight’s young lords.”

Behind him, two more men, some of Javi’s old coworkers from the grocery store, entered. They had fresh haircuts and were wearing perfectly tailored suits that left nothing about their trim bodies to the imagination. Javi found his mouth watering.

The memories rushed in. In order to help the most people in his circle, Javi had used his trust fund to establish a sort of feudal fraternity. He was the Prince, and beneath him were a selection of Dukes who invested in Counts, Viscounts, and Barons. This way, the money went farther, and there was a sense of decorum among Prince Javi’s modern “nobility.”

Of course, judging by the way the two Barons being presented before him tonight were undressing him with their eyes, appearances could only be kept up so long. The Prince was owed his due from those sworn to his service, and Javi could feel his cock hardening in his wool slacks. “Take this to the vault,” he told the steward, one of the rotating Dukes, handing him the lamp. “My lords, with me.” Javi crooked a finger at his Barons and led them to the adjoining playroom.

The Duke handed the lamp off to the nearest non-noble staff member, who took the next exit out of Prince Javi’s court/club. He had been planning to steal some silverware before leaving, but this was a much better haul.

Click here to see all the genie’s adventures.

[dolphin-research]

Uber：美國 “滴滴”：這波小而美 “完爆” 大而強？

Uber的2022年四季度財報整體來說，營收端表現四平八穩，並無太大的驚喜，但在控費和做利潤上則持續好於預期。

海豚君越發認為在當前週期下，面向 C 端的互聯網企業，2B的互聯網企業將進入相對占優的階段。相比大幅裁員和持續縮減開支的企業，2023 年內居民消費可能會更具韌性，因此 Uber 的營收增長可能並不會再顯著的放緩。同時，由於公司已經證明的極強控費能力，海豚君認為可以期待 Uber 在 2023 年 topline 和 bottomline 都有不俗的表現。

打車&外賣增速趨穩；

外賣業務繼續提升變現，打車變現則在趨勢性下降；

營收表現平穩無意外；

增長沒驚喜，但要瘋狂做利潤。

[mariacallous]

A week after the Moscow Exchange was hit by U.S. sanctions, the ruble is experiencing unusual swings. In just two days, from June 18 to June 20, the dollar’s official exchange rate against the ruble dropped from 89 to 82.6 rubles, while the euro fell from 95.4 to 89 rubles. However, the very next day, Russia’s Central Bank raised the dollar exchange rate by nearly three rubles to 85.4, and the euro to 91.4 rubles. Meduza breaks down the factors behind this volatility and explains how to track the ruble’s fluctuations going forward.

On June 12, the U.S. Treasury Department imposed sanctions on Russia’s largest stock exchange, the Moscow Exchange (MOEX), and its subsidiaries, the National Clearing Center and the National Settlement Depository — effectively cutting off the Moscow Exchange from the dollar. That same day, the exchange announced that it would halt trading in the U.S. dollar and the euro, starting June 13. (Trading in the Hong Kong dollar also stopped.)

As a result, currency trading shifted to the over-the-counter (OTC) market. Even before the sanctions, 60 percent of currency transactions in Russia occurred off-exchange. Importers and exporters, the primary players on the Moscow Exchange, had the most influence on the ruble’s exchange rate in recent years. Now, they’ve also had to transition to the OTC market, leading to higher costs for buying and selling currency, as well as increased volatility in the ruble’s exchange rate.

These sanctions against the Moscow Exchange are another step towards making the ruble non-convertible and a new blow to importers and exporters, noted Alexander Kolyandr, a non-resident senior fellow at the Center for European Policy Analysis (CEPA), in a column for The Bell.

A faux phoenix

The sharp fluctuations in the ruble’s exchange rate this week are the direct result of U.S. sanctions, which have caused demand for foreign currency to drop. This, in turn, has driven up the ruble.

U.S. sanctions have already been impeding Russian imports, with fewer and fewer banks in China, India, and Turkey offering their services to Russian companies out of fear of secondary sanctions. According to SberCIB analysts, imports in May were about 30 percent lower than they could have been with a normally functioning payment infrastructure. The Central Bank also noted that the expected seasonal spring increase in imports didn’t occur.

Now, this payment issue has been compounded by the sanctions against the Moscow Exchange. The halt in trading of the dollar and euro could affect at least 22 percent of imports, estimated Pavel Biryukov, an economist at Gazprombank. Promsvyazbank analysts believe that the new restrictions could reduce foreign goods deliveries by 15-20 percent.

Meanwhile, exporters continue to sell foreign currency earnings in compliance with a mandatory decree. Each day, the Central Bank sells yuan worth 8.1 billion rubles (over $90 billion) as part of budgetary operations, and exports and the current account surplus remain strong thanks to high prices for oil and other raw materials, Mikhail Vasilyev, the chief analyst at Sovcombank, told Vedomosti.

The Central Bank confirmed this. According to its preliminary data, the surplus in the foreign trade balance of goods from January to May increased to $56 billion, up from $47.6 billion in the same period last year, “due to a more significant drop in imports compared to exports.”

This situation is reminiscent of 2022, when the ruble sharply appreciated due to the withdrawal of foreign companies and the collapse of imports. “In fact, we’re now seeing a classic situation with a pool and two pipes: currency flows into the country in a stable stream through one pipe, and almost none flows out through the other,” explained Alexander Potavin, an analyst at the Finam financial group. According to him, this has led to an “unwanted strengthening of the ruble for the government.”

At the same time, sanctions against the Moscow Exchange are also impacting exporters. The sharp appreciation of the ruble may be due to their reluctance to sell currency at an unfavorable rate. On June 20, Reuters, citing market participants, reported a sharp decline in the sale of export earnings in yuan. The outlet’s sources believe this is because corporate sellers are unwilling to sell at a low rate. It’s also likely that the Russian authorities intervened: the Kremlin might have persuaded exporters to hold on to the currency to prevent the ruble from strengthening too much.

The ruble runaround

Before the U.S. imposed sanctions on the Moscow Exchange, Russia’s Central Bank set the official ruble exchange rate based on currency trading on the exchange. This rate could be tracked in real time on the exchange’s website.

Now that dollars are no longer traded on the exchange, the Central Bank is determining the rate of the U.S. currency against the ruble based on bank reports and information from over-the-counter trades as of 3:30 p.m. Moscow time on the current business day. (This rate is then published at 4:00 p.m. Moscow time.)

There’s nothing unusual about this method of determining the exchange rate, noted Alexandra Prokopenko, a non-resident scholar at the Carnegie Russia Eurasia Center and co-host of Meduza’s Russian-language podcast View of the Kremlin:

In general, exchange-based currency trading is fairly rare in the modern world. Most currency transactions take place on the interbank over-the-counter market, where participants report to the regulator. The regulator then determines the exchange rate based on these reports. Now, the same thing will happen in Russia.

The absence of trading in dollars and euros on the exchange has also created another problem: investors and ordinary citizens lack a reference point throughout the day. The Central Bank sets the official rate once a day, but with the current level of volatility, actual values can change significantly.

One way to estimate the ruble’s rate against foreign currencies is through the yuan, which is still traded on the Moscow Exchange. Using the yuan-to-ruble exchange rate, the ruble’s value against other currencies can be calculated using data from foreign central banks. Generally, the stronger the ruble is against the yuan, the stronger it will be against other currencies.

According to the Central Bank, the Chinese currency accounted for 54 percent of trading on the Moscow Exchange in May, making it the “primary currency in exchange trading.” “The yuan/ruble exchange rate will set the trajectory for other currency pairs and serve as a benchmark for market participants,” the bank said. 

Non-deliverable forward contracts for dollars and euros are also still traded on MOEX and can also serve as indicators of the ruble’s value against Western currencies. Additionally, dollar futures contracts can be used to track the ruble’s exchange rate, although their prices have always differed slightly from the actual dollar-to-ruble exchange rate, Natalia Pyryeva, an analyst at the Moscow-based investment company Tsifra Broker, told Forbes. Contracts with earlier settlement dates provide a more accurate picture, explained Vladimir Bragin, head of research at Alfa Capital, as those with later dates are less liquid and may not accurately reflect current market conditions.

Although it’s possible to track the ruble’s current value through futures contracts and the yuan exchange rate, there’s no guarantee that Russians will actually be able to buy currency at these rates. The final price is now set by the seller and the platform where the transaction occurs.

Previously, the Moscow Exchange guaranteed that buying and selling dollars and euros was transparent and safe. Now, sellers can essentially set their own prices. As a result, the cost of exchanging currency — the spread between buying and selling rates — has increased, and these rates must be constantly checked. Additionally, the currency might not even be available at a given location. In the first few days following the new U.S. sanctions, many bank branches visited by journalists didn’t have any physical dollars or euros.

[borathae]

Sibiiiiiiiii! Thank you!!! I 💜 you!!! And yes please write the Greece trip/ Kook’s trip and tell us where else these hot vampires own property! 😩😩😩 As if they weren’t hundreds of years old and hot as fuck, they own villas and castles and houses all over?! 😩😩😩 Please give us as many HCs as you want!

Of course they do 😏😩 I mean djsjs not all of them obviously. Hear me out

Jungkook is the BROKEST vampire ever. Because of his curse, he couldn’t ever get a real job which in return meant that he never aquired enough money to invest it in passive income. So that man is as broke as one could get jsjsjs.

Hobi has decent amount of money. He came from a upper middle class family and saved enough money to invest in a small passive income, which has gathered a good amount these days. But because he is still technically only in his sixties, his wealth is very much in human levels still.

Jimin is the third brokest vamp of the bunch. Example given: how he had to live while he was still persumed dead. I mean, one could argue that he was in hiding and didn’t want to risk getting found out, but there is also a good possibility that he is simply broke in vampire terms. Most property he owns, Tae either bought for him or they bought it together. And then there was also the whole part of where he had to live as Namjoon’s slave for centuries, so he didn’t really have alot of opportunity to, you know, buy property. He does have a very healthy sum on his bank accounts though, mostly because of the shared property with Tae and because Tae is tranferring him money on a monthly basis.

I would place Seokjin next. This man was already wealthy when he was still human and had two properties and some factories/warehouses as well as ships in his human years and he also invested in a lot of start-ups which bring in a lot of money these days. He is actually a huge stock holder in the mobile phone market and has his fingers in other techonological fields as well. For properties he owns the one Sanguis spent their "frat years" in, owns a house in South Korea and bought Emma her own shop in town so she could expand her perfume business. He also owns an apartment complex where he gets constant income. Fun fact? OC actually rented an apartment in the complex when she first moved here, which is why she never got in trouble for randomly stopping to pay rent. She and Seokjin laugh about the coincidence these days. He gets most of his money from his countless shares though.

And now this is where it gets hard to talk about because damn those vampires are RICH jdjdjs they're old, they've seen too much and they got way too much money to spend.

Taehyung I'd place third. He's both share holder in many businesses, owner of multiple art galleries and possesses property which is used commercially, as rentals or as his private escapes. So passive income is very much guaranteed on a constant. He owns a homely cottage in the Austrian Alps, owns a chateau at the coast of France and a small farm in the French countryside, owns a little Greek ocean house and invested in apartments in Paris, New York, Hong Kong as well as London. If he spends money he spends it on new property, promising shares and other investments. If he spends fun money he spends it on trips, whatever expensive item suits his taste, art and fashion. He also regularly wires money to Jimin and ever since recently, he opened two separate accounts for Jungkook and OC where he also makes monthly deposites. Trust that this man does not feel any change in his numbers with those new tranfers. And also that he LOVES spending his money most when he can spend it on his darlings.

And then there is Yoongi. Woof woof. I would say that he and Tae aren’t that far apart actually despite their age difference. One must consider though that eventhough Yoongi’s been alive for ages, it was rather difficult to make money which can still be used in the 21st century. You get me? He does own a lot of castles though from the earlier days. The one they all currently live in he bought around the time of the French Revolution, but he owns another castle in Romania and one in Germany. He also owns a town mansion in Geneva and has a penthouse in New York, which he never uses. He won’t ever mention it, but he owns a private island in the Carribbeans and treated himself to a very secluded cottage somewhere in the deepest Canadian forests. He also forgot about it already, but he owns property in South Korea and a villa in Osaka. It brings in money as they are both used as rentals, but Yoongi hasn’t set foot in either of them in decades. He gets most of his passive income through the various rentals he owns as well as being shareholder in some of the biggest markets these days. He also regularly buys property and sells it again to a higher price. Right now he plans on buying a house with OC close to Meredith's place and he also thinks about surprising OC with her own small plant shop in town. He doesn’t transfer to their accounts, but he never says no. If anyone of the family wants something, he'll get it for them no questions asked. He will also regularly hand over his black card with a nonchalant "don't look at the numbers, princess" and he genuinely gets pouty when she wants to pay for something when he’s with her. This man always pays even if she sometimes complains about it. And no sum is ever too big for him. You remember those 100€ he gave her in Paris for a cab? Yeah that was the equivalent to a few cents for him.

I don’t know where to put Namjoon on the list because being stolen of his powers and then hidden from the world kinda just cut him off from his wealth. You know? I do believe though that in his prime, he was the richest. And also the one who spent his money on the most fucked up shit.

[accio-victuuri]

wang yibo - hong kong stock connect

Call for idols @UNIQ-王一博@乐华 娱乐 Jieli Trading Treasure debut: Wang Yibo wishes Yuehua Entertainment a successful listing and black market analysis. Yuehua Entertainment (2306) will be listed on the Hong Kong Stock Exchange tomorrow (19th). Counting 3,000 shares per lot, excluding handling fees, the book earns 5,220 yuan per lot.

[egle0702]

The Hardship Era When JYP Ent Almost Went Bankrupt

Original source: The Qoo 

Kor-Eng: @Egle0702

Note: The post is written from the Korean perspective of a JYPN fan. The OP’s language is kept as authentic as possible.

------------------------------------

Back then, around 2010

Rain-JYP, Win the Appeal in the “World Tour” Lawsuit

2010-09-09

Singer Rain and Rain's former agency, JYP Entertainment, won a lawsuit claiming compensation for damages related to a performance in North America.

On the 9th, the Seoul High Court judged, "Wellmade StarM is the one responsible for the cancellation of the concert in North America," and "JYP Entertainment and Rain do not have to return the 10 billion won paid in advance."

Rain’s World Tour lawsuit (won after 4 years of trial)...

The American obsession…

And because of many other things JYP Ent had been having a rough time.

For reference, their sales (at the time were:

2009 sales KRW 10.1 billion (down 7% compared to the previous year) Net profit -4.6 billion

2010 sales 21.6 billion net profit 900 million

2011 sales 9.9 billion net profit -2.1 billion

2012 sales 15 billion net profit -9.8 billion

Fuck this shit lol

At that time, Loen invested in JYP, and got JYP’s shares in return.

With the 25.4% of the company’s stock, it immediately became the 2nd largest shareholder.

Back then (around 2013), Loen was owned by SK, but when the laws got revised, Loen was sold to a Hong Kong-based private equity fund.

(Loen was a music distribution company that monopolised the online music distribution market and paid very little to entertainment companies for it, so entertainment companies united and moved their online music rights distribution to KMP Holdings.

Although Loen was the 2nd biggest shareholder in JYP Ent, JYP Ent. also participated into the movement. It was okay when Loen was under SK, because Park Jinyoung is acquainted with the SK Group family, but when it was sold to the Hong Kong-based private equity fund, the confrontation intensified.)

→ Tbh, this is some complicated stuff, so if you’re having a hard time grasping it, might as well skip the part above.

Either way, at the time Loen, which wanted to grow as an entertainment company, opposed JYP Ent’s listing on the stock market and proposed a take over.

Loen: take over, let’s go

JYP Ent: don’t wanna

Loen: take over, let’s go

JYP Ent: don’t wanna

Loen: take over, let’s go

JYP Ent: don’t wanna

After going through it several times, JYP Ent finally succeeded in listing through backdoor listing.

While Loen, as an alternative, acquired Starship Ent (2013 November)

Oh yeah, you’re gonna croak tomorrow~

[Market Insight] Loen sells all JYP Entertainment shares

2014.01.16

They sold all the stocks in their possessions and made a run for it.

However, on the exact same day…

GOT7 debuted.

Just debuted, but the company is on the verge of bankruptcy and they were pretty much poised to end up sitting outside in a street (fuck this shit).

GOT7, to hold a showcase in Japan in collaboration with Sony Music

2014.03.10

At the time when GOT7 (as newcomers) were supposed to get as much push from the company as possible, the company was literally in ruins, and GOT7 got shipped off to Japan within 3 months after their debut. Their first concert was also held in Japan.

Suzy was shooting commercials like crazy. (The vid above is 6 min long, but it’s only the commercials from the first half of the year, you can pretty much tell she filmed every single CF suggestion they received.)

As for 2PM… they just didn’t come back from Japan at all. They were on tour in Japan for 2 years straight (no exaggeration here)

In 2014-2015, they released 2 albums in Korea, while in Japan they had 5 releases during the same period of time.

If it hadn’t been for 2PM, JYP Ent would’ve just evaporated back then. 2PM was the holding pillar that prevented JYP Ent from collapsing.

Park Jinyoung was also trying to do something, so he sold the JYP Ent building that belonged personally to him.

And with that he bought the JYP Ent stocks (currently, Park Jinyoung is the largest shareholder).

FNC Entertainment’s Han Sungho, comparing with the Big 3 entertainment companies… “We’re better off than JYP Ent.”

2015-02-05

That was exactly when FNC was indulging in all that media play going “JYP Ent, get out of my way, I’m in the big 3 now.”

JYP Ent official position: “YG takeover claims are false, looking into the potential to take legal action”

In the midst of all this, Yang Hyunsuk sprinkled this kind of crap trying to raise his stock prices. It’s like, the house was already on fire, and he just fried some popcorn next to it, absolutely infuriating.

Either way, spring comes to those who wait.

In 2015, GOT7 received a good response abroad with Just Right.

Originally, although JYP Ent is a big company, it wasn’t that big on the overseas market.

The company was mostly focused on popularity among the general public, but as they grew step by step with GOT7, Twice and Stray Kids, they reached overseas, too.

What’s more, they also began paying more attention to group fandoms starting with Twice.

These days, they’re quite decent with self-created content, and they squeeze out the fandom money through goods, too… They’ve become a fandom-oriented company.

When Twice hit the Korean jackpot with their legendary Ooh-Aah-Cheer-Up-TT line, and then did insanely well in Japan, the hardships era came to an end.

2015 JYP Ent stock price 3000 won

2023 JYP Ent stock price 73,000 won

Even the man himself must feel like it’s worth living these days. He’s dancing to Hype Boy.

+

Btw, one of 2PM’s comebacks in 2014-2015

Is My House: the legendary male-idol case of climbing back the charts.

Originally back then, they were supposed to have promos for a month. After a relatively long promo, they were planning to go back to Japan, but an MV director called Han Samin flaked on them with the intention to film a Big Bang MV.

Naive Production went “oh poor you” and shot the MV in a hurry.

Eventually, My House had just one week of promos, but it climbed back the charts way later, so there’s a happy ending in that.

That was when the JYP Ent ❤ Naive relationship started.

Right now the fandom attitude [to Naive] is not good, and they’ve also had quite a few mishaps over time, so they don’t have such an all encompassing reach as before but they’re still filming MVs on the Japanese side (mostly for NiziU).

Now I’m really done talking about the times when the world was chewing on JYP Ent.

You might say, isn’t this an omniscient JYP Ent stan perspective?

Well, I have nothing to say for myself because that’s true. At the end of the day, who else would remember all this if not a JYP Ent stan T.T

[brookston]

Holidays 6.12

Holidays

Anne Frank Day

Bedstraw Day (French Republic)

Blue Galaxy Day

Children’s Day (Haiti)

Crowded Nest Syndrome Day

Dia dos Namorados (Brazil)

Flag Day (Brazil; New Zealand)

Ghost in the Machine Day

Grimace Day

Helsinki Day (Finland)

Idol Day

Indiana Jones Day

International Adobo Day

International DDX3X Day

International Dubbing Day

International Shia Day

Interracial Marriage Day

June 12 Commemoration (Lagos State, Nigeria)

Lancaster Day (UK)

Little League Girls Baseball Day

Lover’s Day (Japan)

Loving Day

Magic Day

Man of Steel Day

Mother’s Day (Luxembourg)

National Automotive Service Professionals Day

National Black Men Don’t Cheat Day

National Button Battery Awareness Day

National Cancer Thriver Day

National Chiropractic Health Assistant Day (Canada)

National Control Room Worker’s Day

National Cougar Day

National Dairy Goat Awareness Day

National Dame Day

National Esther Day

National Great Dane Day

National Harm Reduction Day (Canada)

National Hospital at Home Patients Day

National Magic Day

National X Day

Orlando United Day (Florida)

Peace Day (Kosovo)

Perfect Game Day

Portland Trail Blazers Day (Oregon)

Pulse Remembrance Day

Queen’s Birthday (Pitcairn Islands, Tuvalu)

Railway Day (Japan)

Red Rose Day

Rock Around the Clock Day

Russia Day (Russia)

Science Day (Turkmenistan)

Senior Race Day (Isle of Man)

Sharon Needles Day (Pittsburgh, Pennsylvania)

612 Day (Minnesota)

Spoonful of Sugar Day

Spousal Abuse Day

State Protection Service Day (Poland)

Stock Market Employees Day (Ukraine)

Superman Day

Swiss Army Knife Day

Tear Down This Wall Day

Valentine’s Day (Brazil)

Welsh Bands T-Shirt Day (UK)

We Remember 612 Day (Hong Kong)

Women’s Veterans Day

World Day Against Child Labour (UN)

Food & Drink Celebrations

Chuy’s National Taco Day

International Cachaca Day

International Falafel Day

National Apple Cinnamon Muffin Day

National Jerky Day

Peanut Butter Cookie Day

Pink Spaghetti Day

Poultry Day

Independence & Related Days

Act of Settlement Day (UK; 1701)

Bill of Rights Day (Virginia; 1776)

Chaco Armistice Day (Paraguay)

Constitution Day (Turks & Caicos Island)

Democracy Day (Nigeria)

Philippines (from Spain, 1898)

2nd Wednesday in June

National Time Out Day [2nd Wednesday]

Worshipful Company of Vintners of the City of London Annual Procession [2nd Wednesday]

Weekly Holidays beginning June 12 (2nd Full Week)

California State Parks Week (thru 6.16)

International Listening Association Week (thru 6.16)

Raggedy Ann and Andy Days (thru 6.13)

Festivals Beginning June 12, 2024

Emmett Cherry Festival (Emmett, Idaho) [thru 6.15]

Ice Cream Days (Le Mars, Iowa) [thru 6.15]

Mattituck Strawberry Festival (Mattituck, New York) [thru 6.16]

North by Northeast [NXNE] (Toronto, Canada) [thru 6.16]

San Diego County Fair (Del Mar, California) [thru 7.7]

Taste of London (London, UK) [thru 6.16]

Teapot Day (Tea, South Dakota) [thru 6.15]

W. C. Handy Blues & Barbecue Festival (Henderson, Kentucky) [thru 6.15]

Feast Days

Adriaen van Stalbemt (Artology)

St. Anthony’s Day Eve (Portugal)

Antonina (Christian; Martyr)

Bannocks Day (Celtic Book of Days)

Basilides, Cyrinus, Nabor and Nazarius (Christian; Martyrs)

Be More Paranoid Day (Pastafarian)

Bob Katz (Muppetism)

St. Charles Borromeo (Positivist; Saint)

Dave Berg (Artology)

Egon Schiele (Artology)

Enmegahbowh (Episcopal Church)

Eskil of Sweden (Christian; Martyr)

Feast of the Blessed Polish Martyrs of World War II

Festival of Mut (Ancient Egypt)

First Ecumenical Council (Lutheran)

Gaspar Bertoni (Christian; Saint)

Gerard Hoffnung Day (Church of the SubGenius; Saint)

Gin Day (Pastafarian)

Guy of Cortona (Christian; Saint)

Henry Scott Tuke (Artology)

Hildegard Burjan (Christian; Blessed)

Johanna Spyri (Writerism)

John of Sahagún (Christian; Saint)

Korean Rice Farmers Stream Hair Washing Day (Everyday Wicca)

Len Wein (Artology)

Leo III, Pope (Christian; Saint)

Media Ver VII (Pagan)

Odulf (Christian; Saint)

Onuphrius (Christian; Saint)

Peter of Mount Athos (Christian; Saint)

Sparky Day (Church of the SubGenius; Saint)

Ternan, Bishop of the Picts (Christian; Saint)

Zeus’ Day (Ancient Greece)

108 Martyrs of World War II (Christian)

Hebrew Calendar Holidays [Begins at Sundown Day Before]

Shavuot, Day 2 (Judaism) [6-7 Sivan] (a.k.a. …

Feast of the Harvest

Feast of Weeks

Festival of Weeks

First-Fruit festival

Wheat Harvest

Lucky & Unlucky Days

Prime Number Day: 163 [38 of 72]

Taian (大安 Japan) [Lucky all day.]

Unfortunate Day (Pagan) [34 of 57]

Premieres

Admission Free (Betty Boop Cartoon; 1932)

All About Dogs (Terrytoons Cartoon; 1942)

Andy Warhol’s Blue Movie (a.k.a. Fuck; Adult Film; 1969)

Are You My Mother?, by P.D. Eastman (Children’s Book; 1960)

The Brighter Buccaneer, by Leslie Charteris (Short Stories; 1933) [Saint #12]

Bullet Park, by John Cheever (Novel; 1969)

Can’t Hardly Wait (Film; 1998)

Chesapeake, by James A. Michener (Historical Novel; 1978)

Chuck Berry Is On Top, by Chuck Berry (Album; 1959)

Clash of the Titans (Film; 1981)

Cleopatra (Film; 1963)

Clockwork Angels, by Rush (Album; 2012)

Coming Up for Air, by George Orwell (Novel; 1939)

Deep Throat (Adult Film; 1972)

Donald’s Garden (Disney Cartoon; 1942)

Donovan’s Reef (Film; 1963)

Farmer Al Falfa’s Bedtime Story (Terrytoons Cartoon; 1932)

Food, Inc. (Documentary Film; 2009)

Foundation and Empire, by Isaac Asimov (Novel; 1952) [Foundation #2]

Go Bo Diddly, by Bo Diddly (Album; 1959)

History of the World: Part 1 (Film; 1981)

The Horse Soldiers (Film; 1959)

I’ll Chase the Blues Away, recorded by Ella Fitzgerald (Song; 1935)

The Immortal Life of Henrietta Lacks, by Rebecca Skloot (Science Book; 2010)

Jurassic World (Film; 2015)

Line of Duty (BBC TV Series; 2012)

Love and Kisses, recorded by Ella Fitzgerald (Song; 1935)

Mariah Carey, by Mariah Carey (Album; 1990)

Me and Earl and the Dying Girl (Film; 2015)

Moon (Film; 2009)

Palestrina, by Hans Pfitzner (Opera; 1917)

Predator (Film; 1987)

Raiders of the Lost Ark (Film; 1981)

Rhapsody in Blue, by George Gershwin (Orchestral Jazz; 1924)

The Sailor’s Home (Terrytoons Cartoon; 1936)

She’s Not There, recorded by The Zombies (Song; 1964)

Some Time in New York City, by John Lennon (Album; 1972)

Speedway (Film; 1968)

Superman vs. The Elite (Animated WB Film; 2012)

Surfer Girl, recorded by The Beach Boys (Song; 1963)

Swingers (Film; 1997)

Take Off Your Pants and Jacket, by Blink-182 (Album; 2001)

Testimony of Two Men, by Taylor Caldwell (Novel; 1968)

Toreadorable (Fleischer/Famous Popeye Cartoon; 1953)

2 Cool 4 Skool, by BTS (Album; 2013)

The Witches of Eastwick (Film; 1987)

Today’s Name Days

Florinda, Guido, Leo (Austria)

Bazilid, Gašpar, Leon (Croatia)

Antonie (Czech Republic)

Balisius (Denmark)

Eskel, Esko (Estonia)

Esko (Finland)

Guy (France)

Florinda, Guido, Leo (Germany)

Onoufrios (Greece)

Villő (Hungary)

Basilide, Guido, Onofrio (Italy)

Ija, Narda, Nora (Latvia)

Anupras, Dovė, Kristijonas, Kristis, Ramūnas (Lithuania)

Sigfrid, Sigrid, Siri (Norway)

Antonina, Bazyli, Jan, Leon, Onufry, Wyszemir (Poland)

Onufrie, Pavel, Petru (România)

Zlatko (Slovakia)

Juan, Onofre (Spain)

Eskil (Sweden)

Onopriy (Ukraine)

Ahmad, Ahmed, Aisha, Asia, Mohamed, Mohammad, Mohammed (USA)

Today is Also…

Day of Year: Day 164 of 2024; 202 days remaining in the year

ISO: Day 3 of week 24 of 2024

Celtic Tree Calendar: Duir (Oak) [Day 4 of 28]

Chinese: Month 5 (Geng-Wu), Day 7 (Ding-Wei)

Chinese Year of the: Dragon 4722 (until January 29, 2025) [Wu-Chen]

Hebrew: 6 Sivan 5784

Islamic: 5 Dhu al-Hijjah 1445

J Cal: 14 Blue; Sevenday [14 of 30]

Julian: 30 May 2024

Moon: 36%: Waxing Crescent

Positivist: 23 St. Paul (6th Month) [St. Charles Borromeo]

Runic Half Month: Dag (Day) [Day 4 of 15]

Season: Spring (Day 86 of 92)

Week: 2nd Full Week of June)

Zodiac: Gemini (Day 23 of 31)