Economic Data - The People's Bank of China will release January CPI and PPI on February 11 [1] - The National Bureau of Statistics will publish the monthly report on January commodity residential sales price index on February 13 [1] - Financial data including January social financing and new RMB loans will also be released next week [1] - In the US, December retail sales month-on-month will be announced on February 10, followed by January unemployment rate and non-farm employment data on February 11 [1] Earnings Reports - The US earnings season continues with several notable companies reporting next week, including BP, Barclays, Marriott, Coca-Cola, and AstraZeneca on February 10 [2] - Other companies such as NetEase, Youdao, and Total will report on February 11, while TripAdvisor and Hyatt will report on February 12 [2] - In Hong Kong, SMIC will report earnings on February 10, followed by Budweiser APAC and NetEase Cloud Music on February 11 [2] New Stock Issuance - One new stock, Tongbao Optoelectronics, will be available for subscription on February 9, with Ai De Technology listing on the Beijing Stock Exchange on February 10 [2] - Several new stocks will list in Hong Kong, including Lanke Technology on February 9 and Aixin Yuanzhi on February 10 [2] Stock Unlocking - A total of 33 restricted stocks will be unlocked next week, with a total market value exceeding 36 billion yuan, led by Hunan YN with 24.096 billion yuan [3][10] Central Bank Operations - The central bank will have 4.055 billion yuan of reverse repos maturing next week, with specific amounts maturing each day [3][10] Government Bonds - The Ministry of Finance will issue the first phase of RMB government bonds in Hong Kong on February 11, with a scale of 14 billion yuan [13]

Core Viewpoint - Namibia expresses concern over TotalEnergies and Petrobras acquiring new offshore positions in the Luderitz Basin without notifying the energy ministry or obtaining necessary approvals [1] Group 1 - TotalEnergies and Petrobras have secured new offshore positions in the Luderitz Basin [1] - The Namibian energy ministry has not been informed about these acquisitions [1] - Necessary approvals for these acquisitions were not obtained by the companies [1]

Core Viewpoint - TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia's PEL104 offshore exploration licence, enhancing its position in the region as an operator [1][2]. Group 1: Acquisition Details - The acquisition involves TotalEnergies purchasing a 42.5% interest from Eight Offshore Investments Holdings and Maravilla Oil & Gas, making it the operator of the PEL104 licence, which covers approximately 11,000 km² in the Lüderitz basin [1][2]. - Following the transaction, the ownership structure will be TotalEnergies (42.5%), Namcor (10%), and Eight (5%) [2]. Group 2: Strategic Importance - TotalEnergies aims to strengthen its position in Namibia, having previously acquired a 40% operated interest in the PEL83 licence in December [2]. - The company is focused on developing the Venus and Mopane discoveries while expanding its portfolio in Namibia to unlock further value for the country and stakeholders [3]. Group 3: Company Background - TotalEnergies has been operating in Namibia since 1964 and currently employs 55 people, being the fourth-largest fuel distributor in the country with 43 service stations [3]. - The company is also pursuing local opportunities for low-carbon energy projects as part of its multi-energy strategy, operating in approximately 120 countries globally [4].

2月6日，道达尔能源公司宣布，已从石油和天然气勘探公司Eight Offshore Investment和马拉维拉石油天 然气公司手中收购了纳米比亚近海的PEL104勘探许可证区块42.5%的作业者权益，以进一步扩大该公司 在非洲活跃石油勘探热点地区的业务布局。 ...

Core Insights - UBS reported a total market value of $620 billion in Q4, reflecting a decrease of 5.65% from the previous quarter [3] - The firm made 1,347 new stock purchases and increased holdings in 4,181 stocks, while reducing holdings in 4,520 stocks and completely selling out of 1,188 stocks [3] - The top ten holdings accounted for 14.52% of the total market value [3] Top Holdings - NVIDIA (NVDA.US) is the largest holding with approximately 77.49 million shares valued at $14.45 billion, representing 2.34% of the portfolio, down 11.47% from the previous quarter [1][4] - Microsoft (MSFT.US) ranks second with about 28.04 million shares valued at $13.56 billion, making up 2.20% of the portfolio, a decrease of 7.64% [2][4] - Apple (AAPL.US) is third with around 44.55 million shares valued at $12.11 billion, accounting for 1.96% of the portfolio, down 10.57% [2][4] - Broadcom (AVGO.US) is fourth with approximately 23.77 million shares valued at $8.23 billion, representing 1.33% of the portfolio, an increase of 0.88% [2][4] - Amazon (AMZN.US) is fifth with about 34.61 million shares valued at $7.99 billion, making up 1.30% of the portfolio, down 4.57% [2][4] Notable Changes - UBS reduced its holdings in several tech stocks, including Micron Technology (MU.US) by 16.14%, TSMC (TSM.US) by 15.56%, Oracle (ORCL.US) by 1.91%, AMD (AMD.US) by 24.28%, and Western Digital (WDC.US) by 37.92% [5] - The firm slightly increased its position in Meta (META.US) by 0.85% among the "seven giants" [4] - New positions were established in Total (TTE.US) and increased holdings in Walmart (WMT.US), Alibaba (BABA.US), and Bitcoin holding company Strategy (MSTR.US) [5] Trading Activity - The top five purchases included Microsoft call options, SPDR S&P 500 ETF (SPY.US), MP Materials call options, UBS Group AG, and iShares 7-10 Year Treasury ETF put options [5][6] - The top five sales included SPDR S&P 500 ETF put options, Invesco QQQ Trust put options, iShares iBoxx High Yield Corporate Bond put options, Microsoft, and NVIDIA [5][6]

Core Viewpoint - TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 Exploration license offshore Namibia, enhancing its position in the region [1] Group 1: Acquisition Details - TotalEnergies will become the operator of the PEL104 license, holding a 42.5% interest [1] - The remaining interests in the license are held by Petrobras (42.5%), Namcor (10%), and Eight Offshore Investments Holdings (5%) [1] Group 2: Location and Coverage - The PEL104 license is located in the Lüderitz basin, covering a significant area offshore Namibia [1]

Core Viewpoint - TotalEnergies has signed agreements to acquire a 42.5% interest in an exploration license offshore Namibia [1] Company Summary - TotalEnergies is expanding its portfolio by acquiring a significant stake in offshore exploration, indicating a strategic move to enhance its presence in the oil and gas sector [1]

Core Insights - TotalEnergies and Airbus have signed two clean firm power contracts to supply 3.3 TWh of electricity to major Airbus sites in Germany and the United Kingdom [1] - The electricity will come from new renewable assets with a capacity of 200 MW and will cover half of the electricity needs of the sites starting from 2027 [1] Company Overview - TotalEnergies is involved in the renewable energy sector through its partnership with Airbus, indicating a strategic move towards sustainable energy solutions [1] - Airbus is enhancing its sustainability efforts by securing a significant portion of its energy needs through renewable sources [1] Industry Implications - The contracts represent a growing trend in the aerospace industry towards the adoption of renewable energy to meet operational needs [1] - This partnership may set a precedent for other companies in the aerospace and manufacturing sectors to pursue similar renewable energy agreements [1]

Core Insights - TotalEnergies has signed two agreements to supply Airbus with 3.3 terawatt-hours of electricity for its operations in Germany and the UK, starting next year [1] Company Summary - TotalEnergies is expanding its role in the renewable energy sector by providing significant electricity supply to Airbus, indicating a strategic partnership aimed at supporting sustainable energy initiatives [1] Industry Summary - The agreements reflect a growing trend in the aviation and energy industries towards sustainable practices, as companies seek to reduce their carbon footprints and transition to greener energy sources [1]

Core Insights - The "2026 China Oil and Gas Engineering Technology Exchange Conference and New Technology and Achievement Exhibition" will be held in Chengdu from April 15 to 17, aiming to gather global oil and gas elites for industry innovation and breakthroughs [1][2] Group 1: Conference Overview - The conference will feature a high-level international exchange platform with participation from major domestic oil and gas groups such as China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC), alongside international giants like ExxonMobil, Shell, BP, and Total [1][2] - The core theme of the conference is "Creating Oil and Gas Engineering Technology Tools to Promote High-Quality Development of Oil and Gas Exploration and Development," focusing on innovative breakthroughs in core engineering technologies [1][2] Group 2: Conference Structure - The conference will consist of an opening ceremony, invited reports, technical forums, and achievement displays, with domestic and international experts sharing insights on the latest technological advancements and industry trends [2] - Technical forums will cover five specialized topics, including intelligent drilling and completion technology, geophysical exploration, reservoir fracturing, deepwater unconventional oil and gas engineering, and well control safety [2] Group 3: Objectives and Impact - The conference aims to bridge the gap between industry, academia, and research, enhancing the international competitiveness of China's oil and gas engineering technology and promoting the independent upgrading of domestic equipment and processes [3] - The event is expected to foster industry consensus and promote technological collaboration, providing strong support for the high-quality development of the oil and gas engineering sector [2][3]