LB Morning Call | Twitter sues Elon Musk, Munger's Daily Journal was still heavily invested in Alibaba in the second quarter

4. Twitter sued Musk in a Delaware court for violating a $44 billion acquisition agreement, seeking a court order forcing Musk to complete the acquisition at $54.20 per share.

5. As of the end of the second quarter, Charlie Munger's Daily Journal US stock portfolio as an executive was the largest heavy stock in Bank of America, the second largest heavy stock in Wells Fargo, the third largest heavy stock in Alibaba, the fourth largest heavy stock in United Bank of America, and the fifth largest heavy stock in Posco Steel (South Korea), with a total of five stocks.

6. Samsung Electronics' global DRAM sales in Quarter 1 this year decreased by 9 million US dollars to 10.343 billion US dollars, showing a downward trend for two consecutive quarters. The market share was 42.7%, up slightly by 0.8 percentage points month-on-month, continuing to rank first.

Hong Kong News

1. Hema Fresh, owned by Alibaba, is seeking to raise capital at a valuation of about $6 billion, well below the $10 billion valuation it had hoped to raise at the start of the year, sources said. This time, Hema Fresh aims to raise between $400 million and $500 million from outside investors.

2. C Price D International Group: intends to place 30 million shares at the allotment price of HK $17 per share.

3. On July 6, CNOOC Field Services was reduced by Citigroup 826,000 H shares at an average price of HK $7.2853 per share, involving about HK $6.0177 million. After the reduction, Citigroup's latest long position was 90.0998 million shares, and the proportion of long positions was reduced from 5.02% to 4.97%.

4. SenseTime issued a clarification announcement, saying that there was a misinterpretation in the market recently about Tang Xiaoou, the executive director and controlling shareholder of the company, reducing his holdings of the company. Tang Xiaoou did not sell any shares of the company held by its benefits. Tang Xiaoou is confident in the long-term value and prospects of the group, and has no plans to sell shares of the company. Tang Xiaoou allocated to his respective limited partners all Class B shares held by each limited partnership are actually owned by the limited partners of each limited partnership, and Tang Xiaoou no longer holds any Class B shares.

Singapore News

1. Temasek Holdings has a record net portfolio value of $403 billion in fiscal year 2022, an increase of $22 billion over the previous fiscal year, and a total shareholder return of 5.81%. The Singapore market's share of the portfolio increased by three percentage points from 24% in the previous fiscal year; China, which had the largest share for the previous two consecutive years, decreased by five percentage points to 22%. Temasek Holdings will slow down its investment pace in the next fiscal year due to the uncertain outlook for global economic growth.

2. soaring inflation, interest rate hikes and worries about the risk of recession have caused global stock markets to be under pressure, the market value of major banks in the Asia-Pacific region has declined, and DBS Group (DBS Group) is also unable to survive, falling 17.16% month-on-month in the second quarter to US $54.8 billion (S $76.8 billion).

Macroeconomy

1. On July 12, Beijing time, the euro fell below parity against the US dollar, at 0.9999, for the first time in nearly 20 years. The US dollar index officially broke through the 108 mark, a new high since October 2002. Over the past year, the US dollar has risen as much as 18% against a basket of currencies.

2. IMF: lowered the US GDP growth forecast for 2022 to 2.3%, which was previously expected to increase by 2.9%; lowered the US GDP growth forecast for 2023 to 1.0% from 1.7% in June; raised the US GDP growth forecast for 2024 and 2025; raised the US unemployment rate in 2022 to 3.7% from 3.2% in June; and estimated that the US unemployment rate will exceed 5% in 2024 and 2025.

3. Georgieva, Managing Director of the IMF: We should be worried about global polarization, the world is facing a crisis, and there may be a third financial austerity crisis after the war.

Reminders

10: 00, Li Kuiwen, spokesperson of General Administration of Customs .P.R. China and director of the Department of Statistics and Analysis, introduced the import and export situation in the first half of 2022 and answered reporters' questions.

14:00, UK May GDP

15:00, Ruan Jianhong, Director of the Investigation and Statistics Department of the People's Bank of China and Spokesperson of the Monetary Policy Department of the People's Bank of China, introduced the financial statistics for the first half of 2022 and answered reporters' questions.

16:00, the IEA released its monthly crude oil market report

17:00, Eurozone industrial output in May

20:30, the United States does not adjust the CPI seasonally in June

22:00, the Bank of Canada released its interest rate decision and quarterly monetary policy report