- Revenue was slightly lower than last quarter 🔻, but profit declined by about 50% 🔻🔻
- The decline in revenue was mainly due to a decline in revenue from the shipping business this quarter, while the decline in profit was due to a decline in shipping freight rates and volume in the bulk carrier and container business.
- Management revealed that the Group's shipping industry performance is largely dependent on fluctuations in world fuel market prices, the skill and experience level of crew members, domestic and regional demand for bulk and grocery transportation, the Malaysian ringgit exchange rate, and the state of the world economy. Despite recent stable crude oil prices and a decline in the Baltic Dry Index index, the outlook for the shipping industry remains challenging.
- With the gradual recovery of chartering rates for the offshore work vessel (OSV) segment, the existing gap in new shipbuilding orders of various types of OSVs over the past few years, and the dismantling of aging OSVs, SYGROUP expects a steady and healthy increase in supplementary OSV orders over the next few years.

Amazon reported its financial performance and business progress in the third quarter of 2023 during its earnings conference call.
1) Financial Performance: Amazon reported a revenue of 143.1 billion USD, an 11% year-on-year growth; operating profit reached 11.2 billion USD, a 343% year-on-year growth; free cash flow for the past 12 months adjusted to 20.2 billion USD, an increase of 41.7 billion USD compared to the same period last year.
2) Storage Business: Amazon transformed the single nationwide fulfillment network in the United States into eight independent regions, achieving significant reform in fulfillment network. This reform exceeded the company's initial expectations and resulted in faster delivery to customers by increasing local inventory levels, optimizing the connection between fulfillment centers and distribution stations, shortening transportation distances, and reducing service costs.
3) AWS and AI: Amazon's cloud computing business (AWS) revenue increased by 12% year-on-year to reach $23.1 billion. AWS is aggressively investing in generative artificial intelligence (AI) and has established partnerships with leading large language model (LLM) manufacturers such as Anthropic. Amazon has also launched services such as Amazon Bedrock, which allows customers to access, customize, and deploy third-party and Amazon's own LLM.
4) Advertising Business: Amazon's advertising business continues to grow, mainly driven by sponsored products. The application of machine learning algorithms has improved the relevance and effectiveness of advertising.
5) International Business: Amazon's international business...

In the earnings conference call for the fourth quarter of 2023, Meta reported a positive quarter and outlined its vision for the future, with particular emphasis on artificial intelligence (AI) and the metaverse. Here is a summary of the key points:
1) Financial Performance: Meta reported total revenue of $40.1 billion in the fourth quarter, a year-on-year growth of 25%. Net income was $14 billion, with earnings per share of $5.33. The company emphasized the importance of improving its financial condition through increased efficiency and cost control.
2) User Growth: Mark Zuckerberg stated that over 3.1 billion people worldwide use at least one Meta application every day. This demonstrates the widespread appeal of Meta services and the increasing level of user engagement.
3) Artificial Intelligence and Product Innovation: Zuckerberg specifically emphasized Meta's long-term vision in the field of AI, aiming to provide world-class AI assistants for every user, creator, and business. He also mentioned the future vision of seamless AI interaction on devices such as smart glasses.
4) Progress of the metaverse: While AI has received more attention recently, Zuckerberg confirmed that the metaverse is still one of the company's key long-term strategies. He mentioned that Quest 3 had good sales during the holiday season, indicating the promising future of mixed reality devices.
5) Advertising business and social applications: Susan Li mentioned that the advertising business continues to show strong growth, especially in the online commerce and gaming sectors.

Today is February 2nd. In February, the support of technology giants helped the US stock market achieve a good start. The Dow Jones index rebounded to hit a historic high, with the S&P 500 index and the Nasdaq index both rising by more than 1%, ending two consecutive days of decline. The S&P 500 index also achieved its largest single-day increase in three weeks. NVIDIA's stock price rebounded by over 2%, reaching a historic high, while Qualcomm's stock price fell by 5%. However, regional bank stocks suffered heavy losses, dropping by over 5% at one point during the day and ultimately closing down by over 2%; among them, New York Community Bancorp (NYCB) stock fell by 11%, continuing its double-digit decline for two days in a row following Wednesday's financial report release. Overall, the US stock market performed strongly: the Dow Jones Industrial Average rose by 0.97%, the S&P 500 index rose by 1.25%, and the Nasdaq Composite index rose by 1.30%.
Quarterly reports released after market close on Thursday showed that Meta's stock price surged by over 10%, Amazon's stock price rose by over 9%, while Apple's stock price fell by over 3%. Apple's fourth-quarter revenue rebounded, with earnings per share (EPS) and service revenue reaching new highs. CEO Tim Cook promised to launch new AI features this year, despite a greater than expected decline in revenue in the Greater China region. In January, the U.S. manufacturing purchasing managers' index (ISM) unexpectedly rose to 49.1, with a significant increase in new orders, but the employment situation remained weak, and signs of inflation reappeared. The yield on 10-year U.S. Treasuries plummeted by over 10 basis points during market hours, hitting a new low since the beginning of the year. Meanwhile, the U.S. Dollar Index briefly dropped, approaching a one-week low.

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