Group 1 - The company Future World Holdings (00572) announced a series of transactions between June 9, 2025, and January 2, 2026, involving the sale of 278 million pre-merger shares and 5.5805 million post-merger shares of a company named Xiaoyu, with a total consideration of approximately HKD 7.437 million (excluding transaction costs) [1] - The company acquired Xiaoyu shares for investment purposes, noting that the trading price of Xiaoyu shares has fluctuated over the past few years [1] - The expected gain to be recognized in the company's financial statements from the sale is approximately HKD 1.976 million (excluding stamp duty and related transaction expenses), calculated as the difference between the book value of the sold shares and the total proceeds from the sale (excluding transaction costs) [1] Group 2 - The company views the sale as an opportunity for resource reallocation and investment portfolio adjustment [1] - The net proceeds from the sale, approximately HKD 7.4 million, will be used for the company's general working capital [1]

Core Viewpoint - The company has entered into a sale agreement to sell 59,672.888 Class L shares to Mountain Hill Investment Holdings Limited for a cash consideration of HKD 89 million, which is seen as a prudent opportunity to reduce investment portfolio risk and realize investment returns amid increasing global economic uncertainty [1][2]. Group 1: Sale Agreement Details - The shares were originally acquired at a cost of USD 127.969 per Class L share, with a total original investment cost of approximately USD 7.64 million [2]. - The sale price of HKD 89 million represents a cumulative gain of approximately HKD 29.55 million over the original investment cost [2]. Group 2: Use of Proceeds - The net proceeds from the sale, estimated at around HKD 88 million, will be allocated to the company's existing mobile gaming business in China, including game licensing and acquisitions, new game development, platform game promotion and publishing, as well as ongoing support and publishing of existing games [2]. - The board is optimistic that the strategic redeployment of funds from non-core fund investments will strengthen the company's core operations, enhance overall revenue, and support long-term growth [2].

Group 1 - Berkshire Hathaway continued to reduce its stake in Apple, selling approximately $10.6 billion worth of shares in Q3 2025 [1] - The reduction in Apple holdings is part of a broader strategy to lower stock exposure during periods of high market valuations, aligning with Warren Buffett's investment principles [1] - In addition to Apple, Berkshire also reduced its positions in other companies such as Bank of America and Verizon, while initiating a new position in Alphabet with a market value of approximately $4.3 billion [1] Group 2 - As of the end of Q3, Berkshire's cash and cash equivalents reached over $380 billion, marking a historical high [2]

Core Viewpoint - The article discusses the impact of the Federal Reserve's interest rate decisions on the economy and stock market, particularly focusing on the implications of maintaining stable interest rates [1][2][10]. Group 1: Economic Implications of Stable Interest Rates - The Federal Reserve's decision to keep interest rates unchanged signals a stable economic environment, but inflation risks remain [10]. - Maintaining stable interest rates balances the need to stimulate economic growth while controlling inflation, which can affect consumer and business spending [2][9]. Group 2: Investor Expectations - Investor expectations play a crucial role in stock market reactions; discrepancies between investor beliefs and Federal Reserve actions can lead to stock price volatility [3][11]. - Tools like the CME FedWatch can help gauge current investor expectations regarding interest rate movements [11]. Group 3: Portfolio Adjustment Considerations - Investors should assess their portfolio based on recent adjustments made under the assumption of changing interest rates, especially in a stable rate environment [6][12]. - Long-term investment strategies may be more beneficial than frequent adjustments based on short-term predictions, as consistent strategies can provide stability through economic cycles [14][15]. Group 4: Broader Economic Trends - The Federal Funds Rate is just one of many factors influencing investment environments and stock prices; broader economic trends and corporate earnings should also be monitored [5][15]. - Ultimately, corporate earnings are the primary driver of stock prices, influenced by various factors including interest rates and consumer spending [7][15].

Group 1 - Nvidia shares experienced a decline of over 2%, trading around $195 in premarket, following a previous increase of 5.7% [1] - SoftBank reported the sale of 32.1 million Nvidia shares in October, amounting to $5.83 billion [1] - SoftBank's CFO indicated that the company plans to make a significant investment exceeding $30 billion in OpenAI, necessitating the divestment of existing portfolio assets [2] Group 2 - SoftBank also disclosed the sale of 40.2 million T-Mobile shares, indicating a broader strategy of portfolio reallocation [1] - The divestment of Nvidia shares is part of a financing strategy to support the large investment in OpenAI [2]

Company Overview - Oshkosh Corporation is a leading manufacturer of specialty vehicles and equipment, serving diverse end markets including defense, construction, emergency response, and commercial services [5] - The company generates revenue through four key segments: Access Equipment, Defense, Fire & Emergency, and Commercial, supplemented by parts, services, and financing solutions [9] - As of November 6, 2025, Oshkosh's revenue (TTM) is $10.33 billion, with a net income of $666.30 million and a dividend yield of 1.65% [3] Recent Developments - SG Capital Management LLC reported a complete exit from its stake in Oshkosh Corporation, selling all 557,006 shares held in the prior quarter as part of a broader portfolio downsizing [1] - The exit from Oshkosh was significant for SG Capital, as it was the firm's second-largest holding at the end of June, and the firm completely exited 50 positions during the third quarter [6] - Shares of Oshkosh have gained 10.69% over the past year, underperforming the S&P 500 index, which rose by 12.7% during the same period [7][8] Financial Outlook - In August 2025, Oshkosh raised its outlook for adjusted earnings to $11.00 per share, but by late October, management revised the outlook to a range between $10.50 and $11.00 per share due to a shifting economic outlook [10]

Core Viewpoint - The article emphasizes that investors should consider adjusting their portfolios in light of a potential further decline in the US dollar, with a recommendation for higher allocations to non-US investment-grade bonds and emerging market local currency bonds [1] Group 1: Factors Influencing Dollar Weakness - The US dollar has significantly depreciated against other major currencies since early 2025, and several factors suggest this trend may continue [1] - Divergence in monetary policy is evident, as the Federal Reserve has recently begun cutting interest rates while other major central banks have halted or are nearing the end of their rate-cutting cycles, which narrows the interest rate gap and typically reduces demand for the dollar [1] - The independence of the Federal Reserve is being questioned, particularly due to political pressure from President Trump to lower interest rates despite high inflation, which could undermine confidence in the dollar [1] - The US government's substantial fiscal deficit continues to exceed tax revenues, raising concerns about a potential sovereign debt crisis that could lead to a significant weakening of the dollar [1] - There is a declining demand from foreign investors for US assets, particularly US Treasury securities, influenced by the Trump administration's trade and foreign policy stance, which has diminished the appeal of holding US dollar-denominated assets [1]

Core Insights - The absence of a jobs report and limited economic data creates uncertainty in the market, making it challenging for investors to gauge the economic landscape [1] Group 1 - The lack of recent economic indicators complicates the decision-making process for portfolio management [1] - Investors are encouraged to make informed moves despite the unclear economic signals [1]

Core Viewpoint - The company, 港通控股, has announced the sale of its investment in Apollo Hybrid Value Overseas Partners II, L.P. to Portfolio Advisors for an initial purchase price of approximately $18.12 million, which is about HKD 141 million, with potential adjustments to the price [1] Group 1: Financial Strategy - The sale aligns with the company's financial management objectives, aiming to provide stable risk-adjusted returns for shareholders [1] - The decision to sell was based on an evaluation of the overall risk, potential returns, and risk profile of the existing non-listed fund investment portfolio [1] - The cash inflow from the sale is expected to enhance the company's cash position and provide financial flexibility for future investment opportunities [1]

Core Viewpoint - The company, 港通控股, has announced the sale of its investment in Apollo Hybrid Value Overseas Partners II, L.P. for an initial purchase price of approximately USD 18.12 million (around HKD 141 million), which aligns with its financial management objectives and aims to enhance cash flow and financial flexibility for future investment opportunities [1]. Group 1 - The sale agreement was established between MWH, a wholly-owned subsidiary of the company, and Portfolio Advisors [1]. - The decision to sell was based on an evaluation of the overall risk, potential returns, and risk profile of the existing non-listed fund investment portfolio, as well as future investment opportunities [1]. - The cash inflow generated from this sale is expected to provide the company with financial flexibility and resources to explore other investment opportunities that may arise in the future [1].