Jefferies: Raises its price target for Phillips 66 (PSX.N) from $173 to $191.

The Black Label Inc., the studio behind the soundtrack for Netflix’s KPop Demon Hunters, raised about 120 billion won ($80 million) in a Series B funding round led by Krafton Inc. and Tencent Music Entertainment Group. The deal valued the company at 1 trillion won, with existing investors including Saehan Ventures also participating. The fundraising comes as South Korean entertainment and content companies seek capital to support global expansion.

Key News 1. Guangzhou Anju Group will launch a pilot program to support residents in selling old equipment and buying new ones. 2. DeepSeek's large-scale model API price has been reduced by 75%. Listed computing power companies respond to rumors of "no overseas invoices": no relevant requirements have been received yet. 3. Guinea plans to strengthen bauxite export controls; listed companies respond: limited impact on downstream industries. 4. China-Pakistan Joint Statement: Both sides reaffirmed their five-point initiative on restoring peace and stability in the Gulf and Middle East. Individual Stock News 1. Data on main capital flows shows that Sungrow Power Supply saw the largest net inflow of main capital at 2.258 billion yuan, followed by New Easun, New Easun, Aluminum Corporation of China, Zijin Mining, and BOE Technology. Accelink Technologies saw the largest net outflow of main capital at 2.452 billion yuan, followed by Tongfu Microelectronics, HGTECH, JCET Group, and SMIC. 2. Jitai Technology-P: The claim that "the China Securities Regulatory Commission issued supplementary information disclosure requirements to the company and 38 other companies" is false information. 3. Shuanghui subsidiary's pork was exposed for exceeding antibiotic standards by 37 times: Shuanghui Development's stock price fell, and the company responded to the reasons for the excessive levels. 4. Haier released an AI-powered exoskeleton robot. 5. Huigu New Materials: The company's optoelectronic coating materials can be used in the field of glass substrate optoelectronic packaging. 6. Jereh Group: The company's gas turbine generator set sales prices have increased this year. 7. Kingboard: Related capabilities can be applied to relevant links in the semiconductor industry chain, but it is currently in the product development and iteration stage. 8. Dongfang Electric Heating: The total order amount for robot liquid cooling modules accounts for a small proportion and has no significant impact on operating performance.