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The transition period of yellow-card electric bicycles in Zhengzhou was extended for another two years. On December 12th, the reporter learned that Zhengzhou Public Security Bureau, Zhengzhou Bureau of Industry and Information Technology and Zhengzhou Municipal Market Supervision Administration jointly issued a notice, and after research, it was decided to extend the transition period of yellow-card electric bicycles (the temporary anti-theft record number with black letters on yellow background) after the expiry date of December 31st, 2024. According to the circular, in order to strengthen the management of electric bicycles, combined with the actual situation in Zhengzhou and the needs of the masses, it was decided through research that the transition period of yellow-card electric bicycles (the temporary anti-theft record number with black letters on the yellow background) will be extended from January 1, 2025 to December 31, 2026. (Dahe Daily)Kuwait set the price of crude oil sold to the United States in January at a premium of $4.10 per barrel.Yamato: Raising the target price of IWC to HK$ 20 has a more positive view on next year's revenue growth. Yamato published a report that under the strong demand from Malaysia, the bank has a more positive view on IWC's revenue growth next year. In addition, the bank believes that the external financing of operating GDSI, a data center outside the mainland, will release shareholder value. However, as GDSI will be separated from IWC's consolidated statements in the fourth quarter of this year, the bank believes that IWC's short-term re-evaluation will still mainly depend on its mainland business performance, so it still maintains a wait-and-see attitude. The bank maintained its "hold" rating on IWC, and its target price was raised from HK$ 8.6 to HK$ 20. Considering the increase in capital expenditure of IWC from 2025 to 2026, the bank raised its revenue forecast for this year and next by 5% to 24%, mainly due to the strong demand in the international market driven by short video platforms. In addition, in view of the fact that the company raised its capital expenditure guideline from 6.5 billion yuan to 11 billion yuan this year, the bank raised its capital expenditure forecast from 6.7 billion yuan to 11 billion yuan in 2024 and from 3.5 billion yuan to 10.5 billion yuan in 2025. In addition, the bank will raise the adjusted EBITDA forecast of IWC this year and next by 4% to 13% to consider the EBITDA contribution of its overseas business; It is estimated that the total revenue will increase by 15% this year (10% compared with the previous forecast) and 33% next year (15% compared with the previous forecast). The adjusted EBITDA is expected to increase by 11% and 25% this year and next (8% and 15% compared with the previous forecast).

Samsung Electronics shares rose 3%.Pakistan KSE-100 index rose 0.5% to 111,504.90.It is reported that NVIDIA has increased its recruitment in China, and it is expected to add 1,000 employees this year. According to people familiar with the matter, NVIDIA has increased its recruitment in China this year to enhance its research ability and focus on new autonomous driving technology. According to sources, the company is expected to have about 4,000 employees in China by the end of this year, compared with about 3,000 at the beginning of this year. As a key part of the expansion, NVIDIA added about 200 employees in Beijing to strengthen a research team engaged in autonomous driving research. One person familiar with the matter said that the company has also expanded its after-sales service and network software development team.

The weighted share price index of Taiwan Stock Exchange closed 0.6% higher at 23,046.80 points.Pakistan KSE-100 index rose 1% to 112,128.50.Kuwait set the price of crude oil sold to the United States in January at a premium of $4.10 per barrel.