CITIC Securities: Potential policies such as consumer vouchers are expected to give birth to a staged turning point in catering demand. According to the research report of CITIC Securities, domestic consumer demand has been sluggish since 2023, and the price of the catering industry has entered a downward channel. How will China catering enterprises behave at this moment? The experience of Japanese restaurant enterprises may provide some enlightenment. Although the differences between macro and national conditions prevent China from simply repeating the price war of Japanese catering and its impact, the catering competition in high-speed cities in China is similar to that in Japan in structure. The research report believes that the change of restaurant supply and CPI performance can be used as a forward-looking indicator to judge when the current price war will end, while potential policies such as consumer vouchers are expected to give birth to catering demand and form a stage turning point. Two main lines are recommended: 1) Mature catering enterprises pay attention to the same-store sales and valuation improvement brought about by the rebound of CPI, while enterprises with serious decline in same-store sales before have higher performance and valuation resilience. 2) Growing catering enterprises pay more attention to the rhythm of income growth and profit release.On the evening of December 10th, Sunac announced that two bonds, H6 Rongdi 01 and H0 Sunac 03, had taken the lead in voting on restructuring, and the other eight bonds still had two weeks to vote, and the voting results of the overall restructuring of 10 bonds would finally be ushered in on December 23rd. On November 27th, Sunac announced the second restructuring plan for domestic bonds, involving four restructuring options and a total of 10 bonds. Some analysts said that although the final result has not yet been settled, two bonds successfully passed the restructuring vote in a short period of time, indicating that some investors still have confidence in Sunac. Liu Shui, director of enterprise research at the China Central Finger Research Institute, told reporters that the recent stabilization of the real estate market and the improvement of creditors' confidence will be beneficial to the debt restructuring of real estate enterprises in danger. (21 Finance)The vice chairman of Bosch's supervisory board said that as many as 10,000 jobs in Germany are at risk. Frank Sell, vice chairman of the supervisory board of Bosch, the world's top auto parts supplier, said on Wednesday that a series of layoffs announced by Bosch recently have put about 8,000-10,000 jobs in Germany at risk. Sell, who is also the chairman of the labor committee of Bosch's key business mobile solutions division, said that Bosch's overall plan has created an atmosphere that he called "absolutely intolerable" within the group. Bosch has about 135,000 employees in Germany.
The vice chairman of Bosch's supervisory board said that as many as 10,000 jobs in Germany are at risk. Frank Sell, vice chairman of the supervisory board of Bosch, the world's top auto parts supplier, said on Wednesday that a series of layoffs announced by Bosch recently have put about 8,000-10,000 jobs in Germany at risk. Sell, who is also the chairman of the labor committee of Bosch's key business mobile solutions division, said that Bosch's overall plan has created an atmosphere that he called "absolutely intolerable" within the group. Bosch has about 135,000 employees in Germany.CITIC Securities: The resonance between supply and demand of medical beauty accelerates the space expansion, and the difference in operating ability promotes the evolution of the industry structure. CITIC Securities Research Report stated that the medical beauty industry has both medical and consumption attributes, and the medical attribute has strong product-driven characteristics, while the consumption attribute has high operating ability requirements. The medical beauty botulinum toxin track is also affected by the dual attributes of medicine and consumption: 1) The increase in penetration rate, the acceleration of compliance substitution and the extension of indications have brought about high demand for medical beauty botulinum toxin, and with the recent supply expansion, the industry scale has experienced high growth; 2) The iteration of product innovation is slow, brand barriers are created through marketing, doctors are empowered through direct sales, and control is strengthened to enhance product competitiveness. Recently, a variety of medical botulinum toxins in China have been approved, and the promotion of low-priced products is expected to push up the penetration rate, and enterprises with strong operational capabilities will enter the market or promote the evolution of the pattern.Australian Prime Minister: Papua New Guinea rugby team will enter the Australian League in 2028.
South Korean President Yin Xiyue: I will face impeachment, investigation or any possible situation; My martial law attempt cannot constitute rebellion. Martial law is the president's decision to protect the country's freedom, democracy and constitutional order from the dictatorship of the opposition parliament.Musk is worth $447 billion, nearly $200 billion behind Bezos. Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. According to the Bloomberg Billionaires Index, Musk's worth soared by $62.8 billion overnight to $447 billion, making him the first super-rich man on earth with a net worth of over $400 billion. Musk's current net worth is nearly $200 billion higher than that of the second-ranked Jeff Bezos, who is worth about $249 billion.Australia's unemployment rate in November was 3.93%, which is estimated to be 4.2%.