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Samsung has lowered its mobile phone production target to 229 million units next year. Samsung Electronics has set a mobile phone production target for 2025, and plans to produce about 229 million smartphones. This goal includes 179.4 million units produced by ourselves and 49.9 million units produced by joint design and manufacturing (JDM). Compared with the initial plan of 237 million units in October this year, this target has been lowered by 7-8 million units, only slightly higher than the shipment forecast for the whole year of 2024.Pakistan KSE-100 Index rose 2% to 113,268.80.Citigroup: Pinduoduo, which operates retail platform Temu, is likely to continue to face short-term disadvantages. Maintain the neutral rating of ADR in Pinduoduo and set the target price of ADR in Pinduoduo at $125.00. Note: The latest ADR report in Pinduoduo is $103.42.

Korean Air passed the US antitrust review, clearing the way for completing the Asiana Airlines transaction.The Sharm el-Liberation Organization said that Syria will form a government led by technocrats, and Abu Mohammad Giulani, leader of the Syrian armed group "Liberation Syria" (also translated as "Sharm el-Liberation Organization"), said in a statement on December 11th that the organization will cooperate with international organizations to ensure the safety of the sites where chemical weapons may be stored. He also said that the security forces during the Assad regime will be demobilized. Giulani also said that he will form a technocratic government, and the current transitional government will be in power until March 2025. (CCTV News)The tenth batch of centralized procurement of drugs organized by the state will be opened in Shanghai today (12th), and the bid will be selected. It is understood that this collection involves a total of 62 drugs and 263 product specifications, which is the highest in all previous collections. Covers a variety of therapeutic fields such as hypertension, diabetes, tumor, cardiovascular and cerebrovascular diseases, infection, mental illness, and electrolyte supplementation. (CCTV Finance)

Noon announcement: Southeast Power Grid won the bid for the 489 million yuan smart logistics eHub project in Hangzhou, ① China Green Power: obtaining the 200,000 kW wind power construction index in Guizhou. The projects of "duyun city Pingshan Wind Farm" and "duyun city Tudizhai Wind Farm" declared by Shaanxi Branch of Luneng New Energy (Group) Co., Ltd., a subsidiary of the company, were included in the "Guizhou Province 2024 Wind Power Photovoltaic Power Generation Construction Scale Project Plan (the third batch)". The acquisition of the above new energy construction indicators is conducive to enriching the company's new energy project reserves. ② Tianyoude Liquor: Decided to carry out activities to invite shareholders to taste products. As of the company's closing on the afternoon of January 19, June 6 and August 13, 2024, shareholders who have registered in Shenzhen Branch of Zhongdeng Company and hold shares in the company can participate in the following activities after successful registration: shareholders can enjoy a 50% discount coupon, and as a general prize, each shareholder can get one, and they can buy products in the shareholder area; One shareholder tasting of Tianyoude Liquor, totaling 3,500 copies, was selected from the number of successful applicants. ③ Tailin Bio: Only the last half trading day is left before the "Tailin Convertible Bonds" stops converting shares, that is, the afternoon trading session on December 12. After the market closes on December 12th, the "Tailin Convertible Bonds" that have not been converted into shares will stop conversion, and the remaining convertible bonds will be forcibly redeemed at the price of 101.15 yuan per share. If forced to redeem, investors may face investment losses. ④ Southeast grid: The company recently received the Notice of Winning Bid from Zhejiang Airport International Logistics Supply Chain Co., Ltd., and determined that the company was the winning bidder of "Global Smart Logistics Hub Hangzhou eHub Project (Distribution Warehouse)", with a total winning bid of 489 million yuan, accounting for 3.76% of the company's annual operating income in 2023, and the project duration was 730 days.Mizuho listed in Japan to invest in the ETF of Saudi stock market.Lan Foan met with World Trade Organization Director-General Ivira. On December 9, 2024, Minister Lan Foan met with World Trade Organization Director-General Ivira in Beijing. The two sides exchanged views on enhancing the transparency of subsidy policy, supporting the operation of global trust funds and maintaining the multilateral trading system.