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Real-time News
The main contract for low-sulfur fuel oil (LU) rose more than 2.00% intraday, currently trading at 3146.00 yuan/ton.According to Japans Kyodo News, Tokyo Electric Power Company (TEPCO) has suspended operation of Unit 6 at the Kashiwazaki-Kariwa Nuclear Power Plant after an alarm sounded during the control rod extraction process.On January 22nd, the overnight SHIBOR was 1.4130%, up 9.10 basis points; the 7-day SHIBOR was 1.4970%, up 0.90 basis points; the 14-day SHIBOR was 1.5900%, down 0.70 basis points; the 1-month SHIBOR was 1.5570%, down 0.20 basis points; and the 3-month SHIBOR was 1.5980%, down 0.20 basis points.On January 22, a New York State judge ruled on January 21 that the state must redraw its congressional districts by early February and cease using the current district designation. The judge ruled that the current composition of New Yorks 11th congressional district is illegal and dilutes the voting rights of African American and Latino voters. The 11th district is currently represented by Republican Representative Nicole Mariotakis. This ruling is likely to be appealed to the state appeals court, and it is unclear whether it will take effect before the November midterm elections. New York State adopted the current congressional district designation in 2024. Previously, the district designations drafted by the State Independent Districts Commission and the state legislature after the 2020 census faced procedural and legal challenges.On January 22nd, CICC issued a report stating that Skyworth Group (00751.HK) announced the day before that it plans to distribute all of its Skyworth Solar shares to all shareholders. Skyworth Solar will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. This process does not involve a public offering of new shares, and a share buyback will be conducted to achieve privatization. CICC maintained its 2025 and 2026 earnings forecasts largely unchanged, and introduced a 2027 earnings forecast of RMB 918 million for the first time. Considering the companys proposed spin-off listing, the intrinsic value of its new energy business is expected to be fully reflected. CICC raised its target price by 100% to HKD 8, corresponding to a P/E ratio of 17x and 15x for 2026 and 2027 respectively. The rating is "Outperform".
