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On March 25th, Gu Ming (01364.HK) announced its 2025 revenue of RMB 12.914 billion, a year-on-year increase of 46.9%; gross profit of RMB 4.262 billion, a year-on-year increase of 58.6%; net profit for the year of 3.115 billion, a year-on-year increase of 108.6%; profit attributable to owners of the parent company of RMB 3.109 billion, a year-on-year increase of 110.3%; adjusted profit of RMB 2.575 billion, a year-on-year increase of 66.9%; adjusted core profit of RMB 2.808 billion, a year-on-year increase of 77.8%; basic earnings per share of RMB 1.34, a year-on-year increase of 88.7%; and diluted earnings per share of RMB 1.08, a year-on-year increase of 52.1%. The Board of Directors recommends a final dividend of HKD 0.50 per share.According to a Reuters poll, 21 out of 60 economists believe the European Central Bank will raise interest rates at least once in 2026 (compared to 3 out of 72 economists in a March 13 poll).According to a Reuters poll, 38 out of 60 economists believe the European Central Bank will keep its deposit rate at 2.00% throughout 2026.On March 25th, the Beijing Municipal Commission of Planning and Natural Resources released its second round of proposed residential land supply list for 2026, involving four plots with a total area of approximately 22 hectares and a building area of approximately 380,000 square meters. These plots are planned for supply in the near future. All plots offered in this round are located in areas with strong market demand and well-developed infrastructure and public services. In terms of regional distribution, one plot is located in the central urban area (Fengtai District), two plots are located in the sub-center and multiple plain areas (Tongzhou District), and one plot is located in the ecological conservation area (Huairou District).On March 25, Assistant Minister of Commerce Yuan Xiaoming and Secretary for Economy and Finance of the Macao Special Administrative Region Government Tai Kin Ip co-chaired the eighth meeting of the Mainland-Macao Economic and Trade Cooperation Committee. Yuan Xiaoming stated that 2026 marks the start of the 15th Five-Year Plan. Macao is currently drafting its 3rd Five-Year Plan. Holding this meeting of the Mainland-Macao Economic and Trade Cooperation Committee at this time is of great significance for supporting Macaos proactive alignment with the 15th Five-Year Plan and deepening bilateral economic and trade relations. The Ministry of Commerce will further promote the expansion and implementation of CEPA, support Macaos participation in the Belt and Road Initiative, assist Macao in building a platform between China and Portuguese-speaking countries, and promote the moderate diversification of Macaos economy.

Cryptoverse: Bitcoin is back with a bonk

Cory Russell

Jan 18, 2023 15:48

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Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.


The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 – just before the Big Crypto Crash.


Ether has also risen, by 29% this year, helping drive the value of the overall global cryptocurrency market above $1 trillion, according to CoinGecko.


“After a rough year last year for cryptos, we are seeing a form of mean reversion,” said Jake Gordon, analyst at Bespoke Investment Group, referring to the theory of asset prices returning to long-term averages.


Researchers said investor bets on a rosier macroeconomic picture were driving a jump in riskier assets across the board.


Few crypto tokens have benefited more than bonk, which was launched at the end of December on the Solana blockchain and had rocketed 5,000% by early January. It has since fallen back, though remains up 910% since the start of the year.


It is the latest entrant to the hyper-volatile world of meme coins, cryptocurrencies inspired by online memes and jokes, and is modeled after the same grinning Shiba Inu dog as dogecoin – which itself was catapulted to fame by Elon Musk tweets.


Bonk’s a puppy, though.


Even at its peak it was worth just $0.000004873759 with a market capitalization of about $205 million.

Other meme tokens are also up, with dogecoin and Shiba Inu up 19% and 27% respectively in 2023.

But buyers beware.


“Investors need to be especially cautious when it comes to coins like doge, Shiba Inu and bonk,” said Les Borsai, co-founder of digital assets services firm Wave Financial.

“They fall just as hard as they surge.”


Nonetheless, some market players pointed to the relative cheapness of these tokens – doge is worth about eight cents – as a reason why speculators were willing to place bets on them.


“Meme coins belong to crypto, it’s part of the culture,” said Martin Leinweber, digital assets product specialist at MarketVector Indexes. “It just takes a few lines of codes to create a meme token and if you have a community for it, people love that.”

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