[Brokerage Focus] UBS Group's feedback on the china internet plus-related industry market: Investor sentiment and industry trends.
UBS Group recently conducted a survey of 59 investors in asia, the results show that investors maintain a strong interest in china's internet plus-related industry, but adopt a cautious attitude towards online media and gaming industries. Investors prefer sub-industries that are more sensitive to the macroeconomy, such as e-commerce and local services.
Weibo reports 9 cases of employee fraud: 10 individuals have been transferred to judicial authorities on suspicion of committing crimes.
"Weibo spokesperson" released an anti-corruption notice: Weibo attaches great importance to lawful operation, with the "Employee Code of Conduct" and "Conflict of Interest Avoidance Guidelines" as the basic system, focusing on strengthening internal compliance advocacy and improving the reporting channels as the main means, increasing efforts to combat acts such as commercial bribery and embezzlement, and practicing the business philosophy of "integrity, openness, and fairness".
Weibo reported 9 cases of employee fraud, 10 people were transferred to judicial authorities for suspected crimes.
November 8th, according to Gelunhui, Weibo's official spokesperson account, 'Weibo Spokesperson,' posted today stating that from 2021 to present, the Compliance and Supervision Department has discovered and dealt with 9 cases of employee fraud, leading to 17 employees having their labor contracts terminated. Among them, 10 individuals were transferred to judicial authorities for suspected criminal offenses.
WB-SW: DATE OF BOARD MEETING ANDDATE OF PUBLICATION OF THIRD QUARTER 2024FINANCIAL RESULTS ANNOUNCEMENT
Weibo Corporation to Report Third Quarter 2024 Financial Results on November 19, 2024
UBS Group: Mainland Internet industry cooperation to promote revenue and profit margin growth, expected industry P/E growth ratio rise to 1.3 times.
UBS Group's China internet research director Fang Jincang stated that participants in the mainland internet industry have been relatively optimistic about the industry's outlook in recent weeks. He explained that although macro policies continue to be implemented, it will take some time for consumer confidence to recover, but various departments at the central level are coordinating to stimulate the mainland economy.