19 December 2025 | 12:01AM HKT Equity Research CHINA BANKS 2026 Outlook: Re-evaluating property impact on banks We re-evaluate China Banks' exposure to property, both mortgage and non-mortgage, in light of our China Property team's updated forecast of a 15% property price decline over two years, alongside their stress test of an incremental 30% price decline. We incorporate the new forecast into our bank earnings forecasts. Our conclusions are: Assessed impact reflects healthy starting point for mortgage LT ...

Corrective information regarding the Annual Report 2024 and the Interim Report for H1 2025 following an order from the Danish Business Authority Copenhagen, 26 November 2025 Company Announcement no. 12 Pharma Equity Group A/S ("the Company") hereby publishes the consequences of a correction to the Company's Annual Report for 2024 and Interim Report for the first half of 2025. This company announcement is issued following an order from the Danish Business Authority dated 20 November 2025 in case no. 2024-554 ...