Saudi Aramco's net income in the third quarter fell by 15%, but still announced a dividend of $31.05 billion.

Saudi Aramco announced on Tuesday that it will distribute a total of up to $31.05 billion in quarterly dividends, maintaining its position as the company with the highest global dividends, despite increasing signs that the company's profits are under pressure. The outlook for oil has dimmed due to demand concerns, but dividend income is crucial to maintaining the Saudi government's finances. At the beginning of next year, a special spending plan of $43 billion per year will start to be reduced, testing how long this spending can be sustained. Saudi Aramco's spending has exceeded its income, putting pressure on its balance sheet, with production levels approaching the lowest since 2021.

Global market report.Nov 5 01:31 ET

Sinolink: In Q3, the public offering increased positions in non-financial and real estate sectors the most, significantly reducing positions in cyclical sectors.

In the third quarter of 24, the total size of public offering funds has increased significantly, with "passive equity" continuing to be more preferred by investors than "active equity".

Zhitong FinanceNov 5 00:39 ET

Midea Group Target Price Raised to CNY87.00 From CNY84.00 by CGS International >000333.SZ

Dow JonesNov 4 02:37 ET · Ratings

Results: Midea Group Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates

Simply Wall StNov 1 19:15 ET

Guolian: In 2024 Q3, the proportion of heavy holdings in the home appliance sector increased. The leading company in white goods is expected to benefit more from its operation.

The proportion of heavy positions in the household electronics sector in the third quarter of 2024 is ranked as follows: white goods (3.81%), upstream electronics (0.67%), small appliances (0.57%), black appliances (0.22%), lighting (0.12%), and kitchen appliances (0.02%).

Zhitong FinanceOct 31 23:24 ET

Midea made the right 'bet'.

The first financial report disclosure after listing in Hong Kong.

wallstreetcnOct 31 05:52 ET