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South Korean opposition leader Li Zaiming said that the budget will be dealt with today.Guotai Junan: Airline naked fares will keep rising year-on-year, and the pressure on oil prices will continue to improve. Guotai Junan Research Report said that the recent trend of passenger flow and load factor conforms to the characteristics of off-season, and is better than the same period in 2023. The pressure on oil prices has improved significantly since the fourth quarter of 2024. In December, the ex-factory price of domestic jet fuel increased slightly by 3% from the previous month and decreased by 17% year-on-year, continuing the downward trend of the central government. Recently, domestic naked fares have kept rising year-on-year, and it is estimated that more than half of the fuel has been reduced, reflecting that the recovery of supply and demand is better than expected, and it is expected that the off-season will greatly reduce losses year-on-year. Considering that the recent decline in international oil prices will be transmitted to China with a delay of about two months, the oil price pressure will continue to improve in the first quarter of 2025. It is predicted that the concentration of passenger flow in Spring Festival travel rush in the first half of 2025 will contribute to the active revenue management of the airline company, and the peak season may show more than expected profit elasticity and catalyze optimistic expectations. Reaffirm the logic of super cycle and long period of aviation equipment. When supply and demand recover, considering the marketization of fares and the slowdown of fleet growth, the profit center can be expected to rise.South Korean opposition leader Li Zaiming said that the budget will be dealt with today.

Yonhap News Agency: South Korea's defense intelligence commander was suspended.The number of bonus-themed ETFs has increased from 10 billion to two managers, both of whom are Huatai Bairui. The Politburo meeting has once again triggered the discussion of switching market funds to large-cap blue chips, and the scale of dividend-themed ETFs has quietly reached a new high. The latest scale shows that the scale of 49 dividend-themed ETFs in the whole market exceeds 90 billion. Among them, Huatai Bairui dividend low-wave ETF reached 10.409 billion yuan. Since the beginning of this year, its scale and share have increased by over 7.8 billion yuan and 6.5 billion copies respectively, making it the second dividend-themed ETF that broke through 10 billion yuan. On the previous trading day, the scale of Huatai Berry dividend ETF exceeded 20 billion, becoming the first 20 billion dividend ETF in China. At present, the total scale of five dividend-themed ETF products under Huatai Bairui exceeds 32.6 billion yuan.CITIC Securities' Outlook for OpenAI Release: The commercialization of AI will accelerate again. According to CITIC Securities Research Report, according to its official website, OpenAI announced that it will announce new products and functions for 12 consecutive working days from December 5th. At present, the official version of o1, ChatGPT Pro, enhanced fine-tuning and other functions have been released. We expect that the main directions of subsequent release will include multimodal, Agent and platform tools, AI applications, etc. The main products will include the foresight of important products such as Sora and Operator. At present, the rapid prosperity of model ecology, considering the upgrading of model capabilities and the lowering of industrialization threshold, combined with the application landing forms such as Agent, we expect that the landing of AI applications will continue to accelerate in 2025.

Guotai Junan: Airline naked fares will keep rising year-on-year, and the pressure on oil prices will continue to improve. Guotai Junan Research Report said that the recent trend of passenger flow and load factor conforms to the characteristics of off-season, and is better than the same period in 2023. The pressure on oil prices has improved significantly since the fourth quarter of 2024. In December, the ex-factory price of domestic jet fuel increased slightly by 3% from the previous month and decreased by 17% year-on-year, continuing the downward trend of the central government. Recently, domestic naked fares have kept rising year-on-year, and it is estimated that more than half of the fuel has been reduced, reflecting that the recovery of supply and demand is better than expected, and it is expected that the off-season will greatly reduce losses year-on-year. Considering that the recent decline in international oil prices will be transmitted to China with a delay of about two months, the oil price pressure will continue to improve in the first quarter of 2025. It is predicted that the concentration of passenger flow in Spring Festival travel rush in the first half of 2025 will contribute to the active revenue management of the airline company, and the peak season may show more than expected profit elasticity and catalyze optimistic expectations. Reaffirm the logic of super cycle and long period of aviation equipment. When supply and demand recover, considering the marketization of fares and the slowdown of fleet growth, the profit center can be expected to rise.Foreign media: Hungarian Prime Minister Orban posted that he met with Trump and Musk at Haihu Manor. According to CNN and Russian Tass News Agency on the 9th, Hungarian Prime Minister Orban went to the United States at the invitation of President-elect Trump, and met with Trump at Haihu Manor in Florida. American billionaire Musk also attended the talks. According to the report, Orban posted on social media X on the 9th: "America today. The future has begun! One afternoon at Haihu Manor with Trump, Musk and Mike Valcz (appointed by Trump as US National Security Adviser-Editor's Note). " (World Wide Web)Six Guatemalans were arrested on suspicion of an immigrant truck accident. On December 9, local time, the United States and Guatemala jointly announced that six Guatemalans were arrested. They are suspected of human smuggling and involved in the accident that the vehicle carrying immigrants overturned in Mexico in 2021. The suspect will be charged with conspiracy, endangering life, causing serious personal injury and causing death. In 2021, a truck carrying more than 160 immigrants crashed into a bridge pillar of an overpass in Tustra Gutierrez, the capital of Chiapas in southern Mexico, killing more than 50 people.