Elvan personal page - To The Moon

Elvan

Elvan

No personal profile

43Follow

1Followers

0Topic

0Badge

2021-07-12

Nice

Tiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%

2021-07-12

Nice

"Buy every earnings season" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps

2021-07-12

Good

Sorry, the original content has been removed

2021-07-02

good

Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday

2021-06-29

Nice

Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily

2021-06-29

Good

Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily

2021-06-28

Good

What do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!

2021-06-16

Good

Opening: Hang Seng Index fell 0.1%, Times Angel first hung up 131%

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3583994288696392","uuid":"3583994288696392","gmtCreate":1620902580136,"gmtModify":1706620741812,"name":"Elvan","pinyin":"elvan","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":43,"tweetSize":15,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.06.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.25","exceedPercentage":"80.17%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","exceedPercentage":"80.19%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.06","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":2006},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":1,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":146643748,"gmtCreate":1626078473284,"gmtModify":1703752884814,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146643748","repostId":"1148322111","repostType":4,"repost":{"id":"1148322111","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626077734,"share":"https://ttm.financial/m/news/1148322111?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:15","market":"hk","language":"zh","title":"Tiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The dark market was reported at HK$ 25, up 12.36% from the issue price, and the company priced HK$ 22.25 per share with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The dark market was reported at HK$ 1.77, up 11.32% from the issue price. The company priced HK$ 1.59 per share, with 2,000 shares per lot. Both new shares will be listed on Hong Kong stock market on Tuesday, July 13th.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed for it, and 45,541 people won the lottery. The first-hand winning rate was 5%, and 40 subscriptions were stable, with 292 times of oversubscription. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed for it, and 7,653 people won the lottery, with a first-hand winning rate of 20%, and 10 subscriptions were stable, with an oversubscription of 6.01 times. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The dark market was reported at HK$ 25, up 12.36% from the issue price, and the company priced HK$ 22.25 per share with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The dark market was reported at HK$ 1.77, up 11.32% from the issue price. The company priced HK$ 1.59 per share, with 2,000 shares per lot. Both new shares will be listed on Hong Kong stock market on Tuesday, July 13th.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed for it, and 45,541 people won the lottery. The first-hand winning rate was 5%, and 40 subscriptions were stable, with 292 times of oversubscription. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed for it, and 7,653 people won the lottery, with a first-hand winning rate of 20%, and 10 subscriptions were stable, with an oversubscription of 6.01 times. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"06913":"华南职业教育","02137":"腾盛博药-B"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":2241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>Earnings season for U.S. stocks kicked off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all reached record highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four hidden worries, namely, the peak of corporate profit growth, the possible slowdown of economic growth, the raging variant strains and the Fed's tendency to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan vs.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The earnings report of the last quarter will be announced on the 13th, symbolizing the start of the earnings season of U.S. stocks. According to Fact Set data, analysts predict that profits of S&P 500 companies will surge by 64% in the second quarter of this year compared with the same period last year, the highest in more than 10 years. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of labor.</p><p>Let's first take a look at what Bloomberg Intelligence points out. During the COVID-19 pandemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the start of earnings season, the S&P 500 rose an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may lead to the peak of corporate profit growth. Investors are therefore worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also underperform.</p><p>The semi-annual report of the US economy submitted by the Federal Reserve to Congress shows that some raw material shortages and labor shortages are hindering this year's strong economic rebound and prompting temporary inflation. The report also mentioned that progress in vaccination has allowed the economy to recover and grow strongly, but the shortage of raw material input and labor shortage continue to inhibit the restart of many commercial activities.</p><p>The report also revealed the next signal of Fed officials' recent economic development decisions. The Federal Reserve has consistently set interest rates near zero since the COVID pandemic took off in the U.S. in March 2020. The Federal Reserve has indicated that it expects interest rates to remain unchanged until it determines that the inflation rate can be maintained within the 2% target and the labor market returns to the so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery may face obstacles in the coming months, and transient inflation will still be the focus of investors' attention. Growth is likely to slow, and the most obvious signal of the weakening is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting banks to lose their original attractiveness, and growth stocks such as technology stocks are expected to gain popularity again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% at the beginning of next year. In view of the weakening of the policy support of the US government, the low base period effect last year will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that at present, the average P/E ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its tolerance for negative news is very weak. Coupled with the fact that the U.S. President Biden administration is preparing to raise the corporate tax rate, and the rising wages and raw material costs, the impact on the net profit of enterprises is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end competition to attract companies through the lowest tax rate, which ultimately erodes government gains. The proposal brings the U.S. closer to the 12.5 percent minimum tax rate discussed by the OECD before the U.S. re-engages in negotiations.</p><p>Tobias Levkovich added that at present, the US stock market is too complacent. Many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Declining corporate profits, rising inflation worries, the withdrawal of the Federal Reserve, government tax increases and many other negative things will continue to follow.</p><p>Investors will also keep an eye on the June U.S. Consumer Price Index (CPI), which is expected to be released on July 14th, and is expected to rise 5% annually. Federal Reserve Chairman Powell will also attend the hearing on the same day to release the report of the first half of monetary policy, and his speech on inflation and economic outlook will also be the driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index has risen far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rates of enterprises this year and next year are 14% and 10% respectively. He believes that the surplus needs to grow 14% in 2022, lowering the estimated P/E ratio to 18 times for U.S. stocks to be reasonable.</p><p>In terms of the COVID-19 epidemic, the United States has encountered a new wave of variant strains, especially the Delta variant strain originally discovered in India. The Centers for Disease Control and Control (CDC) said it has listed the Delta variant as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American Pharmaceuticals<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to receive an additional third dose of vaccine in August, saying that receiving the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly contagious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings season for U.S. stocks kicked off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all reached record highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four hidden worries, namely, the peak of corporate profit growth, the possible slowdown of economic growth, the raging variant strains and the Fed's tendency to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan vs.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The earnings report of the last quarter will be announced on the 13th, symbolizing the start of the earnings season of U.S. stocks. According to Fact Set data, analysts predict that profits of S&P 500 companies will surge by 64% in the second quarter of this year compared with the same period last year, the highest in more than 10 years. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of labor.</p><p>Let's first take a look at what Bloomberg Intelligence points out. During the COVID-19 pandemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the start of earnings season, the S&P 500 rose an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may lead to the peak of corporate profit growth. Investors are therefore worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also underperform.</p><p>The semi-annual report of the US economy submitted by the Federal Reserve to Congress shows that some raw material shortages and labor shortages are hindering this year's strong economic rebound and prompting temporary inflation. The report also mentioned that progress in vaccination has allowed the economy to recover and grow strongly, but the shortage of raw material input and labor shortage continue to inhibit the restart of many commercial activities.</p><p>The report also revealed the next signal of Fed officials' recent economic development decisions. The Federal Reserve has consistently set interest rates near zero since the COVID pandemic took off in the U.S. in March 2020. The Federal Reserve has indicated that it expects interest rates to remain unchanged until it determines that the inflation rate can be maintained within the 2% target and the labor market returns to the so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery may face obstacles in the coming months, and transient inflation will still be the focus of investors' attention. Growth is likely to slow, and the most obvious signal of the weakening is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting banks to lose their original attractiveness, and growth stocks such as technology stocks are expected to gain popularity again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% at the beginning of next year. In view of the weakening of the policy support of the US government, the low base period effect last year will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that at present, the average P/E ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its tolerance for negative news is very weak. Coupled with the fact that the U.S. President Biden administration is preparing to raise the corporate tax rate, and the rising wages and raw material costs, the impact on the net profit of enterprises is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end competition to attract companies through the lowest tax rate, which ultimately erodes government gains. The proposal brings the U.S. closer to the 12.5 percent minimum tax rate discussed by the OECD before the U.S. re-engages in negotiations.</p><p>Tobias Levkovich added that at present, the US stock market is too complacent. Many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Declining corporate profits, rising inflation worries, the withdrawal of the Federal Reserve, government tax increases and many other negative things will continue to follow.</p><p>Investors will also keep an eye on the June U.S. Consumer Price Index (CPI), which is expected to be released on July 14th, and is expected to rise 5% annually. Federal Reserve Chairman Powell will also attend the hearing on the same day to release the report of the first half of monetary policy, and his speech on inflation and economic outlook will also be the driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index has risen far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rates of enterprises this year and next year are 14% and 10% respectively. He believes that the surplus needs to grow 14% in 2022, lowering the estimated P/E ratio to 18 times for U.S. stocks to be reasonable.</p><p>In terms of the COVID-19 epidemic, the United States has encountered a new wave of variant strains, especially the Delta variant strain originally discovered in India. The Centers for Disease Control and Control (CDC) said it has listed the Delta variant as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American Pharmaceuticals<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to receive an additional third dose of vaccine in August, saying that receiving the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly contagious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","UPRO":"三倍做多标普500ETF-ProShares","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares","DJX":"1/100道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100","PSQ":"做空纳斯达克100指数ETF-ProShares",".SPX":"S&P 500 Index","SPY":"标普500ETF","SH":"做空标普500-Proshares","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","IVV":"标普500ETF-iShares",".DJI":"道琼斯","DDM":"2倍做多道指ETF-ProShares","OEF":"标普100指数ETF-iShares"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,"NQmain":0.9,"DXD":0.9,"SH":0.9,"DOG":0.9,"SQQQ":0.9,"SPXU":0.9,"IVV":0.9,"SSO":0.9,"OEX":0.9,"QID":0.9,"UDOW":0.9,"MNQmain":0.9,"ESmain":0.9,"SPY":0.9,"SDOW":0.9,"DJX":0.9,"TQQQ":0.9,"OEF":0.9,"UPRO":0.9,"PSQ":0.9,"DDM":0.9,"QQQ":0.9,".DJI":0.9,".SPX":0.9,"QLD":0.9,"SDS":0.9}},"isVote":1,"tweetType":1,"viewCount":2640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"isVote":1,"tweetType":1,"viewCount":2147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"fut","language":"zh","title":"Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":2175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>There are still three trading days left, and the first half of 2021 for A shares is coming to an end. As of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, among which the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. That's a higher percentage than ever.</p><p>For the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies pre-happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that previously made forecasts on the interim report data in the first quarterly report and other announcements, as of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, of which 329 were pre-happy companies (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that the pre-happy companies in the three industries, such as steel, mining and transportation, account for the top proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results in 2021, and 529 companies only account for about 13% of A-share listed companies. However, only from the disclosed companies, 60% of listed companies have a good interim report, which should be said to be better than the interim reporting season of A shares over the years.</p><p>Previously, in 2019 and 2020, the pre-happy ratio of listed companies was about 40% to 50%.</p><p>Query the historical data to know:</p><p>As of July 15, 2019, the company with pre-happy interim report accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with pre-happy interim reports was relatively low. As of July 15, 2020, the number of companies with pre-happy interim reports accounted for 52.66% of the total announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, rather than waiting for the interim report performance forecast to come out, otherwise there will be a certain risk of chasing high.</p><p>Steel, mining, transportation and other three industries, pre-happy companies accounted for the top proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery. Because the base affected by the epidemic last year was relatively low, the demand for steel gradually increased with the economic recovery, so the performance of the steel industry was relatively good.</p><p>\"Under the background of gradual economic recovery, the performance of the coal sector in the subdivision of the mining industry is expected to achieve a substantial marginal improvement.\" Chen Li, chief economist and director of the research institute of Chuancai Securities, said, \"The core reason for the growth of the coal industry's performance this year is the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. With the influence of environmental protection, import and export and other factors, coal prices have risen significantly, especially the price of metallurgical coke. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is certain. \"</p><p>For the transportation industry, Liu Youhua, research director of private placement network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and great differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and the establishment of logistics system have improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic is gradually under control, the economy is beginning to recover, residents' activities are beginning to normalize, and the demand for transportation has increased significantly. \"</p><p><b>2、</b><b><b>Policy side: or conducive to the strength of A shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up first then down\".</p><p>Chen Xing, chief executive of Zhongtai Macro, believes that in the second half of the year, the interest rate may show a trend of \"first up and then down\", and the risk of short-term interest rate going up is greater, while the downward trend will be smoother after adjustment. For the allocation of major assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as that in the first half of the year.</p><p>From the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First, the pressure on economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are the consumption of the United States and China's exports. The contribution of personal consumption expenditure in the United States to economic growth after the epidemic far exceeds that of private investment, net export and government expenditure, which corresponds to the high prosperity of China's exports. Among the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much less than that in the first half of the year. The peak of the global epidemic and the domestic measures of \"guaranteeing supply and stabilizing prices\" have made the logic of commodity pricing return to demand-led. However, the weak economic recovery means that the prices of most industrial products do not have the foundation for continuous rise. In addition, the pressure caused by the base effect on PPI growth tends to ease in the second half of the year. The transmission efficiency of this round of PPI growth to CPI growth is not high, and the inflationary pressure is reduced in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a Sino-Thai strategist, believes that the finance will be relatively strong in the second half of the year: in the first half of the year, the government's fiscal bond issuance is obviously lower than expected, and the centralized \"bidding, auction and listing\" of land supports the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance will accelerate in the second half of the year. With the difficulty of further easing liquidity, it is expected that at least in the third quarter, the interest rate may be difficult to further decline.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, while the top 1% of households contribute 17% of the tax revenue, but the federal income tax accounts for 25%; However, the individual tax in China accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should bear more social responsibilities. It is expected that the pilot of real estate tax and the post-consumption tax collection reform will also be accelerated in the second half of the year, which may cause certain fluctuations in the subdivision of luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the Big Tech sector</b></b></p><p>At present, adding technology is the consensus of most brokers and funds.</p><p>Let's look at the views of brokers first:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economy is stable, the policy is warm and the liquidity is friendly, and the three phases are superimposed. The overseas economic recovery period in Europe and the United States, the period of loose liquidity and the period of slowing down the spread of the epidemic overlapped. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still allocating risky assets. The market goes long, without hesitation. From the layout of the \"centenary\" market, the market is slowly unfolding and getting better, and enters the \"summer market\" that is in full swing, the sun is burning and the sun is shining brightly. In this stage, the growth direction of science and technology will become the main source of beautiful scenery and excess returns in the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductor, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit increase and high prosperity in the industry; The consumption sector is paying more attention to new consumption. At the same time, be alert to the decline risk of some machinery industries, light industries and some food and beverage interim results.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is suggested to continue to pay attention to three main lines: Main line 1: high prosperity, paying attention to semiconductors, new energy vehicle industry chain and coal, especially with the upcoming opening of the interim report market, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, paying attention to the shipping and aviation sectors with upward prosperity. Main line 3: The main line of low valuation, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies (new energy vehicles/photovoltaics) under \"carbon neutrality\".</p><p>Guosheng Securities Research Report pointed out that three clues \"nugget\" science and technology innovation board: 1. Open up a new direction of A shares, and benchmark the scarce subdivision track \"unicorn\". 2. The performance growth rate has been leading the \"high growth\" of science and technology; 3. Since its listing, the pullback/retracement has been deep, it has fallen below the issue price, and it has valuation cost performance from the perspective of PEG; Benefiting from overseas demand, petroleum, petrochemical, chemical, nonferrous metals, photovoltaic and other sectors. New energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty and sub-high-end liquor are subdivided into tracks with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The report pointed out that with the wave of science and technology striking again, there are seven major scientific and technological fields worthy of attention. First, the semiconductor boom takes the lead; Second, 5G is a network, connecting everything; Third, the outbreak of IoT, the range of data tentacles is getting larger and larger; Fourth, AI overweight, machines and people are one step closer; Fifth, the energy revolution, a major theme of mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality go into virtual.</p><p>Look at the Public Offering of Fund's view again:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, broad manufacturing industry: especially the manufacturing industry in the middle and upper reaches, which has sustained high growth ability, and has great flexibility in fundamentals and valuation; Second, procyclical and banking/real estate/insurance in the middle and upper reaches: fundamental and profit risks have been fully released, the valuation is cheaper, there is the possibility of double-clicking performance and valuation, and the overall risk compensation is high; Third, the growth industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, balanced allocation is suggested. First, it is suggested to gradually reduce the proportion of periodic allocation, and allocate low-valuation industries such as banks, as well as middle-reach manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-industries that benefit from the industry structure and prosperity, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund suggests that investors continue to focus on technology stocks and military industry chains represented by semiconductor industry chains in the medium term, and continue to focus on automobile electrification, automobile hardware and software intelligent industry chains and new energy industry chains in the medium term. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the volatility of the price of upstream raw materials will gradually decrease, the center of its price fluctuation may gradually rise, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at a historically low level, and investors are advised to focus on bargains.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, new energy vehicles with huge long-term space, which benefit from economic transformation and are encouraged by policy environment.<a href=\"https://laohu8.com/S/000591\">Solar energy</a>In the next few years, a number of globally competitive head enterprises will be born in these industries. Second, medical care, emerging consumer goods, Internet and other industries that are closely related to residents' quality of life and income level. The demand of these industries has grown rapidly for a long time, and the models have been innovated rapidly, and excellent companies with high moats have been constantly born.</p><p>Chengze Assets believes that it insists on building and optimizing the portfolio based on fundamentals, strives to obtain the ideal net value growth on the premise of controlling the pullback/retracement, and strictly implements the stop-loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, and new consumer products are the focus of current layout and research.</p><p>Banyan Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption and new technology. Among them, we are optimistic about the new energy industry. The new energy track is one of the best tracks in the investment cycle in the next 5-10 years. The certainty of the industry is strong enough and the growth space of the industry is large enough.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>There are still three trading days left, and the first half of 2021 for A shares is coming to an end. As of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, among which the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. That's a higher percentage than ever.</p><p>For the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies pre-happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that previously made forecasts on the interim report data in the first quarterly report and other announcements, as of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, of which 329 were pre-happy companies (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that the pre-happy companies in the three industries, such as steel, mining and transportation, account for the top proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results in 2021, and 529 companies only account for about 13% of A-share listed companies. However, only from the disclosed companies, 60% of listed companies have a good interim report, which should be said to be better than the interim reporting season of A shares over the years.</p><p>Previously, in 2019 and 2020, the pre-happy ratio of listed companies was about 40% to 50%.</p><p>Query the historical data to know:</p><p>As of July 15, 2019, the company with pre-happy interim report accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with pre-happy interim reports was relatively low. As of July 15, 2020, the number of companies with pre-happy interim reports accounted for 52.66% of the total announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, rather than waiting for the interim report performance forecast to come out, otherwise there will be a certain risk of chasing high.</p><p>Steel, mining, transportation and other three industries, pre-happy companies accounted for the top proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery. Because the base affected by the epidemic last year was relatively low, the demand for steel gradually increased with the economic recovery, so the performance of the steel industry was relatively good.</p><p>\"Under the background of gradual economic recovery, the performance of the coal sector in the subdivision of the mining industry is expected to achieve a substantial marginal improvement.\" Chen Li, chief economist and director of the research institute of Chuancai Securities, said, \"The core reason for the growth of the coal industry's performance this year is the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. With the influence of environmental protection, import and export and other factors, coal prices have risen significantly, especially the price of metallurgical coke. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is certain. \"</p><p>For the transportation industry, Liu Youhua, research director of private placement network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and great differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and the establishment of logistics system have improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic is gradually under control, the economy is beginning to recover, residents' activities are beginning to normalize, and the demand for transportation has increased significantly. \"</p><p><b>2、</b><b><b>Policy side: or conducive to the strength of A shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up first then down\".</p><p>Chen Xing, chief executive of Zhongtai Macro, believes that in the second half of the year, the interest rate may show a trend of \"first up and then down\", and the risk of short-term interest rate going up is greater, while the downward trend will be smoother after adjustment. For the allocation of major assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as that in the first half of the year.</p><p>From the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First, the pressure on economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are the consumption of the United States and China's exports. The contribution of personal consumption expenditure in the United States to economic growth after the epidemic far exceeds that of private investment, net export and government expenditure, which corresponds to the high prosperity of China's exports. Among the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much less than that in the first half of the year. The peak of the global epidemic and the domestic measures of \"guaranteeing supply and stabilizing prices\" have made the logic of commodity pricing return to demand-led. However, the weak economic recovery means that the prices of most industrial products do not have the foundation for continuous rise. In addition, the pressure caused by the base effect on PPI growth tends to ease in the second half of the year. The transmission efficiency of this round of PPI growth to CPI growth is not high, and the inflationary pressure is reduced in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a Sino-Thai strategist, believes that the finance will be relatively strong in the second half of the year: in the first half of the year, the government's fiscal bond issuance is obviously lower than expected, and the centralized \"bidding, auction and listing\" of land supports the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance will accelerate in the second half of the year. With the difficulty of further easing liquidity, it is expected that at least in the third quarter, the interest rate may be difficult to further decline.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, while the top 1% of households contribute 17% of the tax revenue, but the federal income tax accounts for 25%; However, the individual tax in China accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should bear more social responsibilities. It is expected that the pilot of real estate tax and the post-consumption tax collection reform will also be accelerated in the second half of the year, which may cause certain fluctuations in the subdivision of luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the Big Tech sector</b></b></p><p>At present, adding technology is the consensus of most brokers and funds.</p><p>Let's look at the views of brokers first:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economy is stable, the policy is warm and the liquidity is friendly, and the three phases are superimposed. The overseas economic recovery period in Europe and the United States, the period of loose liquidity and the period of slowing down the spread of the epidemic overlapped. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still allocating risky assets. The market goes long, without hesitation. From the layout of the \"centenary\" market, the market is slowly unfolding and getting better, and enters the \"summer market\" that is in full swing, the sun is burning and the sun is shining brightly. In this stage, the growth direction of science and technology will become the main source of beautiful scenery and excess returns in the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductor, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit increase and high prosperity in the industry; The consumption sector is paying more attention to new consumption. At the same time, be alert to the decline risk of some machinery industries, light industries and some food and beverage interim results.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is suggested to continue to pay attention to three main lines: Main line 1: high prosperity, paying attention to semiconductors, new energy vehicle industry chain and coal, especially with the upcoming opening of the interim report market, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, paying attention to the shipping and aviation sectors with upward prosperity. Main line 3: The main line of low valuation, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies (new energy vehicles/photovoltaics) under \"carbon neutrality\".</p><p>Guosheng Securities Research Report pointed out that three clues \"nugget\" science and technology innovation board: 1. Open up a new direction of A shares, and benchmark the scarce subdivision track \"unicorn\". 2. The performance growth rate has been leading the \"high growth\" of science and technology; 3. Since its listing, the pullback/retracement has been deep, it has fallen below the issue price, and it has valuation cost performance from the perspective of PEG; Benefiting from overseas demand, petroleum, petrochemical, chemical, nonferrous metals, photovoltaic and other sectors. New energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty and sub-high-end liquor are subdivided into tracks with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The report pointed out that with the wave of science and technology striking again, there are seven major scientific and technological fields worthy of attention. First, the semiconductor boom takes the lead; Second, 5G is a network, connecting everything; Third, the outbreak of IoT, the range of data tentacles is getting larger and larger; Fourth, AI overweight, machines and people are one step closer; Fifth, the energy revolution, a major theme of mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality go into virtual.</p><p>Look at the Public Offering of Fund's view again:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, broad manufacturing industry: especially the manufacturing industry in the middle and upper reaches, which has sustained high growth ability, and has great flexibility in fundamentals and valuation; Second, procyclical and banking/real estate/insurance in the middle and upper reaches: fundamental and profit risks have been fully released, the valuation is cheaper, there is the possibility of double-clicking performance and valuation, and the overall risk compensation is high; Third, the growth industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, balanced allocation is suggested. First, it is suggested to gradually reduce the proportion of periodic allocation, and allocate low-valuation industries such as banks, as well as middle-reach manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-industries that benefit from the industry structure and prosperity, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund suggests that investors continue to focus on technology stocks and military industry chains represented by semiconductor industry chains in the medium term, and continue to focus on automobile electrification, automobile hardware and software intelligent industry chains and new energy industry chains in the medium term. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the volatility of the price of upstream raw materials will gradually decrease, the center of its price fluctuation may gradually rise, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at a historically low level, and investors are advised to focus on bargains.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, new energy vehicles with huge long-term space, which benefit from economic transformation and are encouraged by policy environment.<a href=\"https://laohu8.com/S/000591\">Solar energy</a>In the next few years, a number of globally competitive head enterprises will be born in these industries. Second, medical care, emerging consumer goods, Internet and other industries that are closely related to residents' quality of life and income level. The demand of these industries has grown rapidly for a long time, and the models have been innovated rapidly, and excellent companies with high moats have been constantly born.</p><p>Chengze Assets believes that it insists on building and optimizing the portfolio based on fundamentals, strives to obtain the ideal net value growth on the premise of controlling the pullback/retracement, and strictly implements the stop-loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, and new consumer products are the focus of current layout and research.</p><p>Banyan Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption and new technology. Among them, we are optimistic about the new energy industry. The new energy track is one of the best tracks in the investment cycle in the next 5-10 years. The certainty of the industry is strong enough and the growth space of the industry is large enough.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"repost":{"id":"1155187410","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623806380,"share":"https://ttm.financial/m/news/1155187410?lang=en_US&edition=fundamental","pubTime":"2021-06-16 09:19","market":"hk","language":"zh","title":"Opening: Hang Seng Index fell 0.1%, Times Angel first hung up 131%","url":"https://stock-news.laohu8.com/highlight/detail?id=1155187410","media":"老虎资讯综合","summary":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(","content":"<p>On June 16th, in the open low of the three indices of Hong Kong stocks, the Hang Seng Index fell 0.1% to 28,609 points, the H-Share Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Yesterday, the domestic housing stocks that fell across the board rebounded, and the bad news landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and People's Livelihood Education all increased; Large technology stocks generally fell, Netease fell by more than 1%, and Meituan, Tencent, Xiaomi and Baidu all fell; Gas stocks continued yesterday's decline, with non-ferrous metal stocks such as steel and copper falling significantly, while auto stocks and bank stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK$ 400 on the first day of listing today, with a pre-market turnover of nearly HK$ 1.8 billion and a market value of HK$ 66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is the leading invisible orthotic solution provider in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, from 2018 to 2020, the company's revenue was 488 million, 645 million and 816 million yuan, respectively, and the profits during the period were 58.186 million, 67.665 million and 150 million yuan, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Oversubscribed by 2079 times. Analysts pointed out that the market is so bullish on Times Angel mainly because of its main competitors in the field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years or so, the stock price has skyrocketed, and it is a veritable big bull stock in U.S. stocks. As of the close of trading on June 15th, Alai Technology's total market value was USD 47.5 billion (about HK$ 368.7 billion).</p><p>International oil prices continue to rise, driving Hong Kong stocks \"three barrels of oil\" to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">PetroChina</a>up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to a high of $74.39 in intraday today, a new high since April 2019; U.S. oil rose to a high of $72.55 in intraday today, a new high since October 2018.</p><p>China Gas resumed trading in open low over 4% and its non-wholly-owned subsidiary was one of the gas suppliers in the Shiyan gas explosion area.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Hang Seng Index fell 0.1%, Times Angel first hung up 131%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Hang Seng Index fell 0.1%, Times Angel first hung up 131%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 09:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 16th, in the open low of the three indices of Hong Kong stocks, the Hang Seng Index fell 0.1% to 28,609 points, the H-Share Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Yesterday, the domestic housing stocks that fell across the board rebounded, and the bad news landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and People's Livelihood Education all increased; Large technology stocks generally fell, Netease fell by more than 1%, and Meituan, Tencent, Xiaomi and Baidu all fell; Gas stocks continued yesterday's decline, with non-ferrous metal stocks such as steel and copper falling significantly, while auto stocks and bank stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK$ 400 on the first day of listing today, with a pre-market turnover of nearly HK$ 1.8 billion and a market value of HK$ 66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is the leading invisible orthotic solution provider in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, from 2018 to 2020, the company's revenue was 488 million, 645 million and 816 million yuan, respectively, and the profits during the period were 58.186 million, 67.665 million and 150 million yuan, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Oversubscribed by 2079 times. Analysts pointed out that the market is so bullish on Times Angel mainly because of its main competitors in the field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years or so, the stock price has skyrocketed, and it is a veritable big bull stock in U.S. stocks. As of the close of trading on June 15th, Alai Technology's total market value was USD 47.5 billion (about HK$ 368.7 billion).</p><p>International oil prices continue to rise, driving Hong Kong stocks \"three barrels of oil\" to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">PetroChina</a>up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to a high of $74.39 in intraday today, a new high since April 2019; U.S. oil rose to a high of $72.55 in intraday today, a new high since October 2018.</p><p>China Gas resumed trading in open low over 4% and its non-wholly-owned subsidiary was one of the gas suppliers in the Shiyan gas explosion area.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155187410","content_text":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(校外教育培训监管司成立)，教育股多数上涨，东方教育、民生教育等均有涨幅；大型科技股普跌，网易跌超1%，美团、腾讯、小米、百度皆下跌；燃气股延续昨日跌势，钢铁、铜等有色金属股跌幅明显，汽车股、银行股走低。\n口腔正畸龙头时代天使时代天使今日首日上市高开131.21%报400港元，盘前成交近18亿港元，市值663亿港元。\n时代天使是国内领先的隐形矫治解决方案提供商，市占率41.3%，排名市场第一。招股书显示，2018-2020年，公司收益分别为4.88亿、6.45亿、8.16亿元人民币，期内利润分别为5818.6万、6766.5万、1.5亿元人民币。\n时代天使获超额认购2079倍。分析人士指出，市场之所以如此看好时代天使，主要原因是时代天使在该领域的主要竞争对手阿莱科技在过去的10多年里股价暴涨，是美股中名副其实的大牛股。截至6月15日收盘，阿莱科技总市值475亿美元（约合3687亿港元）。\n国际油价继续上涨，带动港股“三桶油”逆势高开。中国石油股份涨0.56%、中国石油化工涨0.24%、中国海洋石油涨1.35%。布油今日盘中最高涨至74.39美元，创2019年4月以来新高；美油今日盘中最高涨至72.55美元，创2018年10月以来新高。\n中国燃气复牌低开逾4%，非全资附属公司是十堰燃气爆炸事故区域的燃气供货商之一。","news_type":1,"symbols_score_info":{"513600":0.9,"HHImain":0.9,"HSImain":0.9,"MCHmain":0.9,"MHImain":0.9,"HSI":0.9,"02833":0.9}},"isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"fut","language":"zh","title":"Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>Earnings season for U.S. stocks kicked off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all reached record highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four hidden worries, namely, the peak of corporate profit growth, the possible slowdown of economic growth, the raging variant strains and the Fed's tendency to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan vs.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The earnings report of the last quarter will be announced on the 13th, symbolizing the start of the earnings season of U.S. stocks. According to Fact Set data, analysts predict that profits of S&P 500 companies will surge by 64% in the second quarter of this year compared with the same period last year, the highest in more than 10 years. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of labor.</p><p>Let's first take a look at what Bloomberg Intelligence points out. During the COVID-19 pandemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the start of earnings season, the S&P 500 rose an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may lead to the peak of corporate profit growth. Investors are therefore worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also underperform.</p><p>The semi-annual report of the US economy submitted by the Federal Reserve to Congress shows that some raw material shortages and labor shortages are hindering this year's strong economic rebound and prompting temporary inflation. The report also mentioned that progress in vaccination has allowed the economy to recover and grow strongly, but the shortage of raw material input and labor shortage continue to inhibit the restart of many commercial activities.</p><p>The report also revealed the next signal of Fed officials' recent economic development decisions. The Federal Reserve has consistently set interest rates near zero since the COVID pandemic took off in the U.S. in March 2020. The Federal Reserve has indicated that it expects interest rates to remain unchanged until it determines that the inflation rate can be maintained within the 2% target and the labor market returns to the so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery may face obstacles in the coming months, and transient inflation will still be the focus of investors' attention. Growth is likely to slow, and the most obvious signal of the weakening is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting banks to lose their original attractiveness, and growth stocks such as technology stocks are expected to gain popularity again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% at the beginning of next year. In view of the weakening of the policy support of the US government, the low base period effect last year will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that at present, the average P/E ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its tolerance for negative news is very weak. Coupled with the fact that the U.S. President Biden administration is preparing to raise the corporate tax rate, and the rising wages and raw material costs, the impact on the net profit of enterprises is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end competition to attract companies through the lowest tax rate, which ultimately erodes government gains. The proposal brings the U.S. closer to the 12.5 percent minimum tax rate discussed by the OECD before the U.S. re-engages in negotiations.</p><p>Tobias Levkovich added that at present, the US stock market is too complacent. Many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Declining corporate profits, rising inflation worries, the withdrawal of the Federal Reserve, government tax increases and many other negative things will continue to follow.</p><p>Investors will also keep an eye on the June U.S. Consumer Price Index (CPI), which is expected to be released on July 14th, and is expected to rise 5% annually. Federal Reserve Chairman Powell will also attend the hearing on the same day to release the report of the first half of monetary policy, and his speech on inflation and economic outlook will also be the driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index has risen far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rates of enterprises this year and next year are 14% and 10% respectively. He believes that the surplus needs to grow 14% in 2022, lowering the estimated P/E ratio to 18 times for U.S. stocks to be reasonable.</p><p>In terms of the COVID-19 epidemic, the United States has encountered a new wave of variant strains, especially the Delta variant strain originally discovered in India. The Centers for Disease Control and Control (CDC) said it has listed the Delta variant as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American Pharmaceuticals<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to receive an additional third dose of vaccine in August, saying that receiving the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly contagious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Buy every earnings season\" is afraid of failure! U.S. Stocks Outlook Encounters 4 Hidden Worry Traps\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earnings season for U.S. stocks kicked off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all reached record highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four hidden worries, namely, the peak of corporate profit growth, the possible slowdown of economic growth, the raging variant strains and the Fed's tendency to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan vs.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The earnings report of the last quarter will be announced on the 13th, symbolizing the start of the earnings season of U.S. stocks. According to Fact Set data, analysts predict that profits of S&P 500 companies will surge by 64% in the second quarter of this year compared with the same period last year, the highest in more than 10 years. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of labor.</p><p>Let's first take a look at what Bloomberg Intelligence points out. During the COVID-19 pandemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the start of earnings season, the S&P 500 rose an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may lead to the peak of corporate profit growth. Investors are therefore worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also underperform.</p><p>The semi-annual report of the US economy submitted by the Federal Reserve to Congress shows that some raw material shortages and labor shortages are hindering this year's strong economic rebound and prompting temporary inflation. The report also mentioned that progress in vaccination has allowed the economy to recover and grow strongly, but the shortage of raw material input and labor shortage continue to inhibit the restart of many commercial activities.</p><p>The report also revealed the next signal of Fed officials' recent economic development decisions. The Federal Reserve has consistently set interest rates near zero since the COVID pandemic took off in the U.S. in March 2020. The Federal Reserve has indicated that it expects interest rates to remain unchanged until it determines that the inflation rate can be maintained within the 2% target and the labor market returns to the so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery may face obstacles in the coming months, and transient inflation will still be the focus of investors' attention. Growth is likely to slow, and the most obvious signal of the weakening is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting banks to lose their original attractiveness, and growth stocks such as technology stocks are expected to gain popularity again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% at the beginning of next year. In view of the weakening of the policy support of the US government, the low base period effect last year will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that at present, the average P/E ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its tolerance for negative news is very weak. Coupled with the fact that the U.S. President Biden administration is preparing to raise the corporate tax rate, and the rising wages and raw material costs, the impact on the net profit of enterprises is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end competition to attract companies through the lowest tax rate, which ultimately erodes government gains. The proposal brings the U.S. closer to the 12.5 percent minimum tax rate discussed by the OECD before the U.S. re-engages in negotiations.</p><p>Tobias Levkovich added that at present, the US stock market is too complacent. Many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Declining corporate profits, rising inflation worries, the withdrawal of the Federal Reserve, government tax increases and many other negative things will continue to follow.</p><p>Investors will also keep an eye on the June U.S. Consumer Price Index (CPI), which is expected to be released on July 14th, and is expected to rise 5% annually. Federal Reserve Chairman Powell will also attend the hearing on the same day to release the report of the first half of monetary policy, and his speech on inflation and economic outlook will also be the driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index has risen far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rates of enterprises this year and next year are 14% and 10% respectively. He believes that the surplus needs to grow 14% in 2022, lowering the estimated P/E ratio to 18 times for U.S. stocks to be reasonable.</p><p>In terms of the COVID-19 epidemic, the United States has encountered a new wave of variant strains, especially the Delta variant strain originally discovered in India. The Centers for Disease Control and Control (CDC) said it has listed the Delta variant as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American Pharmaceuticals<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to receive an additional third dose of vaccine in August, saying that receiving the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly contagious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","UPRO":"三倍做多标普500ETF-ProShares","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares","DJX":"1/100道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SSO":"2倍做多标普500ETF-ProShares","OEX":"标普100","PSQ":"做空纳斯达克100指数ETF-ProShares",".SPX":"S&P 500 Index","SPY":"标普500ETF","SH":"做空标普500-Proshares","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","IVV":"标普500ETF-iShares",".DJI":"道琼斯","DDM":"2倍做多道指ETF-ProShares","OEF":"标普100指数ETF-iShares"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,"NQmain":0.9,"DXD":0.9,"SH":0.9,"DOG":0.9,"SQQQ":0.9,"SPXU":0.9,"IVV":0.9,"SSO":0.9,"OEX":0.9,"QID":0.9,"UDOW":0.9,"MNQmain":0.9,"ESmain":0.9,"SPY":0.9,"SDOW":0.9,"DJX":0.9,"TQQQ":0.9,"OEF":0.9,"UPRO":0.9,"PSQ":0.9,"DDM":0.9,"QQQ":0.9,".DJI":0.9,".SPX":0.9,"QLD":0.9,"SDS":0.9}},"isVote":1,"tweetType":1,"viewCount":2640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146643748,"gmtCreate":1626078473284,"gmtModify":1703752884814,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146643748","repostId":"1148322111","repostType":4,"repost":{"id":"1148322111","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626077734,"share":"https://ttm.financial/m/news/1148322111?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:15","market":"hk","language":"zh","title":"Tiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The dark market was reported at HK$ 25, up 12.36% from the issue price, and the company priced HK$ 22.25 per share with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The dark market was reported at HK$ 1.77, up 11.32% from the issue price. The company priced HK$ 1.59 per share, with 2,000 shares per lot. Both new shares will be listed on Hong Kong stock market on Tuesday, July 13th.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed for it, and 45,541 people won the lottery. The first-hand winning rate was 5%, and 40 subscriptions were stable, with 292 times of oversubscription. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed for it, and 7,653 people won the lottery, with a first-hand winning rate of 20%, and 10 subscriptions were stable, with an oversubscription of 6.01 times. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Dark Plate: Tengsheng Boyao-B rose over 12%, South China Vocational Education rose over 11%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The dark market was reported at HK$ 25, up 12.36% from the issue price, and the company priced HK$ 22.25 per share with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The dark market was reported at HK$ 1.77, up 11.32% from the issue price. The company priced HK$ 1.59 per share, with 2,000 shares per lot. Both new shares will be listed on Hong Kong stock market on Tuesday, July 13th.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed for it, and 45,541 people won the lottery. The first-hand winning rate was 5%, and 40 subscriptions were stable, with 292 times of oversubscription. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed for it, and 7,653 people won the lottery, with a first-hand winning rate of 20%, and 10 subscriptions were stable, with an oversubscription of 6.01 times. The relevant data of Tiger Information are as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"06913":"华南职业教育","02137":"腾盛博药-B"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":2241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea winning rate is 8%, and 40 hands are subscribed to win steadily\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29 news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>An announcement was made that the company issued 257 million shares at a price of HK$ 19.8 per share and 500 shares per lot, which is expected to be listed on June 30th.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Assignment Results:</b></p><p>Group A has 500 shares per lot, with a successful rate of 8% in one lot, and 40 lots are subscribed for a steady one.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">Nayuki's tea was subscribed 432.03 times during the Public Offer, and the final number of Offer Shares allocated to the Public Offer was 129 million, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 129 million (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares.</p><p>For fundraising purposes, the Company intends to use the estimated net proceeds received from the Global Offering of approximately HK$4.84 billion (assuming the Over-allotment Option is not exercised) for the following purposes: approximately 70.0% will be used to expand the teahouse network and increase its market penetration in the next three years; Approximately 10.0% will be used in the next three years to further enhance the overall operation by strengthening technical capabilities to improve operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities in the next three years to support the company's scale-up; Approximately 10.0% will be used as working capital and for general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is the leading high-end freshly made tea chain store in China, focusing on providing freshly made tea drinks. According to CIC, Nayuki's tea was the second largest teahouse brand in the high-end freshly made teahouse market in China with a market share of 18.9% in terms of total retail consumption value in 2020. In terms of total retail consumption in 2020, Nayuki's tea was the seventh largest teahouse brand in the overall freshly made teahouse industry in China, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the Company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the Company's Nayuki's tea shop network. The company's Nayuki's tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. Revenue generated from the Company's Nayuki teahouses increased from RMB910 million in 2018 to RMB2,292 million in 2019, and further increased to RMB2,871 million in 2020.</p><p>In addition, in terms of same store in 2018 and 2019, Nayuki's tea same store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 in terms of same-store in 2019 and 2020.</p><p>Throughout the Track Record Period, the Company's profitability continued to improve, with total revenue increasing from RMB1,087 million in 2018 to RMB3,057 million in 2020, representing a CAGR of 67.7% from 2018 to 2020; Adjusted net loss decreased significantly from RMB56.58 million in 2018 to RMB11.735 million in 2019, and further reversed to adjusted net profit of RMB16.643 million in 2020.</p><p>In the first nine months of 2020, the Company recorded revenue of RMB2.115 billion and adjusted net profit of RMB4.484 million. Under the influence of the pandemic, the domestic food industry was greatly impacted, and the adjusted net profit of the Company narrowed under pressure, but the revenue still maintained a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":2175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"repost":{"id":"2150302995","kind":"highlight","weMediaInfo":{"introduction":"美股研究社，一个专注研究美股的平台，专业的美股投资人都在这。想了解美国股市行情、美股开户、美股资讯、美股公司；想获得一手美股重磅信息；想加入美股交流社群，敬请关注我们吧。","home_visible":0,"media_name":"美股研究社","id":"1074069735","head_image":"https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6"},"pubTimestamp":1626078007,"share":"https://ttm.financial/m/news/2150302995?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:20","market":"us","language":"zh","title":"Is the biggest test of U.S. stocks finally coming? Can Performance Hold Up Valuation?","url":"https://stock-news.laohu8.com/highlight/detail?id=2150302995","media":"美股研究社","summary":"企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验。","content":"<p>It's time to meet you again on the weekend. Although there were some intraday shocks last week, the three major stock indexes still closed strongly. Even if there was a correction, it was reversed within the day, and the rising kinetic energy was terrible.</p><p>Next week is about to usher in the earnings season, and the US stock market has risen to such a high position, and the ugly daughter-in-law has to see her parents. Whether the performance of the enterprise will continue to grow substantially or there will be a cliff-like decline will be the biggest test in the next few months. After all, no matter how the Federal Reserve releases water, the stock price will still have to return to fundamentals for a long time.</p><p>One of the most worrying things last week is that FAAMG has reached a record high before the earnings season officially started. Similar plots have been experienced in the first quarter earnings season that just opened on April 15th. The final result is Sell in May, and the Nasdaq has dropped by 10% from the high.</p><p>Here, let's first feel the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion, up 53.6% year over year. Net income was $23.63 billion, up 110% year-over-year.</p><p>GOOG: Revenue of $55.314 billion, up 34%, net income of $17.930 billion, up 162%.</p><p>MSFT: revenue of $41.7 billion, up 19% year-over-year; Net income was $15.5 billion, up 44% year over year.</p><p>FB: Revenue of $26.171 billion, up 48% year-over-year; Net income was $9.497 billion, up 94% year-over-year.</p><p>AMZN: Revenue of $108.5 billion, up 44% year-over-year; Net income was $8.1 billion, up 220% year over year.</p><p>BABA: revenue of $29.1 billion, up 64% year-over-year; Net income was $4.073 billion, up 18% year over year.</p><p>Tencent: revenue of US$21 billion, up 25% year-on-year; Net income was $5.147 billion, up 22% year over year.</p><p>Seeing the above set of data, I believe everyone should have the same idea as me. FAAMG's performance is really strong and terrible, especially its profit growth. Ali and Tencent are really not at the same level at all, but it is such a financial report. In the end, all of them died at the sight of the light. At that time, the market had begun to worry about unsustainable growth.</p><p>Why are first-quarter earnings so strong? On the one hand, in the first quarter of last year, the United States had not been completely blocked, and the Internet giants had not ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the epidemic dividend, and naturally there was explosive growth; On the other hand, the U.S. government gives out too much money, and it earns more not going to work than going to work. In addition, the vaccine has come out, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of the epidemic dividend, and the revenue base was very large. In the second quarter of this year, due to the disappearance of the epidemic dividend, the revenue growth rate may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or should be said to return to normal.</p><p>At present, FAAMG has a record high. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was 14,000, such a strong performance in the first quarter did not hold up in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq may have risen to the range of 15,000~15,200, but in this position, we have ushered in a stage of slowing revenue growth. Can the performance growth of enterprises support the current high valuation? I am worried that the market will experience another selling news at the end of April, thus making a deep adjustment.</p><p>Not far away, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%, and the organization's revenue growth expectation for Amazon's second quarter also dropped to 28%, and the revenue growth expectation for the third quarter was 22%. Imagine a company's stock price rising from $3,000 to $3,800, but its revenue growth rate dropping from 44% to 28%. Can such an increase last? What I'm most worried about is actually whether consumption can maintain the same high growth as in the first quarter after the relief subsidies in the United States are stopped?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. The next week is mainly the earnings report of bank stocks, and this stage should be very stable. After all, bank stocks have been adjusted for two months in advance, and they haven't risen much recently. Now is the time to violently rise through favorable financial reports. So our target price remains the same, and the Nasdaq continues to bullish to the range of 15,000~15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to generate blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. With all 23 banks passing the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve applauded lenders.</p><p>Bank stocks led Wall Street's sell-off on Thursday as some investors reduced their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been shaky amid heightened fears of slowing growth.</p><p>For the Banks sector, which includes these major Banks, accounting for approximately 45% of total financial sector earnings, Zacks expects Q2 earnings to grow by +190.8%.</p><p>With such a strong profit growth expectation, I think it is difficult to see the plunge of bank stocks next week. As long as bank stocks don't fall, the three major stock indexes will inevitably continue to soar brainlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after the brainless surge next week, perhaps you should consider lightening your position. As for the reason, the above has been quite clear.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, the economic growth may have achieved an excellent performance. Earnings growth may slow down, but analysts still expect the earnings of S&P 500 companies to grow by double digits in the next two quarters. It is crucial not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of brainless surge is largely related to the declining yield of the ten-year Treasury Bond of U.S. bonds. If the bond market can't make money, the money naturally flocks to the stock market. Data provider EPFR said inflows into global equity funds reached an all-time high of $580 billion in the first half of 2021.</p><p>Bank of America gave a further analysis. If the inflow rate remains unchanged for the rest of this year, the inflow of global equity funds in 2021 will exceed the sum of the past 20 years. The world's major stock indexes have climbed to record highs in the past week, driven by sustained inflows.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation of global stock markets constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Asset Management and other companies expect that the stock market will continue to rise in the second half of this year, and now some institutions even give the target price of S&P to 5,000.</p><p>To put it bluntly, although it may be that after late July, the U.S. stock market will usher in relatively large fluctuations. After all, it has risen so much in a very short time, and there will definitely be many people who will make profits from the financial report. However, as long as the Federal Reserve's policy is not tightened, the overall upward trend of the U.S. stock market will probably not change.</p><p>As for how to lay out in the second half of the year? From June 23rd to 30th, CNBC surveyed about 100 chief investment officers, equity strategists and portfolio managers who manage money on Wall Street. Nearly 70% of the respondents expected that value stocks would perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believed that financial stocks would become the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduced the discussion of buying bonds, inflation, corporate profit margin pressure and tax increase.</p><p>We are still bullish on US stocks, but investment must have cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a slow growth stage, while value stocks are likely to return as kings again. After the 20th, US stocks may not necessarily plummet, but it just says that technology stocks are risky. Perhaps we will completely alleviate the possible risks by conducting a large-scale position adjustment?</p><p>Of course, it is too early to predict these. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After FAAMG's financial report was issued, AMZN, NFLX, ASML, GOOG, SHOP, LRCX and ADBE all announced stock splitting, or any of these giants announced stock splitting, which would continue to soar brainlessly with technology stocks. In particular, the probability of AMZN is not small. The first financial report of the new CEO, and then a big gift to investors, really don't know where the US stock market is going.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry about the huge bubble in the US stock market. In the coming week, we will focus on doing more bank stocks, and then seize the opportunity here. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the biggest test of U.S. stocks finally coming? Can Performance Hold Up Valuation?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the biggest test of U.S. stocks finally coming? Can Performance Hold Up Valuation?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-07-12 16:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It's time to meet you again on the weekend. Although there were some intraday shocks last week, the three major stock indexes still closed strongly. Even if there was a correction, it was reversed within the day, and the rising kinetic energy was terrible.</p><p>Next week is about to usher in the earnings season, and the US stock market has risen to such a high position, and the ugly daughter-in-law has to see her parents. Whether the performance of the enterprise will continue to grow substantially or there will be a cliff-like decline will be the biggest test in the next few months. After all, no matter how the Federal Reserve releases water, the stock price will still have to return to fundamentals for a long time.</p><p>One of the most worrying things last week is that FAAMG has reached a record high before the earnings season officially started. Similar plots have been experienced in the first quarter earnings season that just opened on April 15th. The final result is Sell in May, and the Nasdaq has dropped by 10% from the high.</p><p>Here, let's first feel the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion, up 53.6% year over year. Net income was $23.63 billion, up 110% year-over-year.</p><p>GOOG: Revenue of $55.314 billion, up 34%, net income of $17.930 billion, up 162%.</p><p>MSFT: revenue of $41.7 billion, up 19% year-over-year; Net income was $15.5 billion, up 44% year over year.</p><p>FB: Revenue of $26.171 billion, up 48% year-over-year; Net income was $9.497 billion, up 94% year-over-year.</p><p>AMZN: Revenue of $108.5 billion, up 44% year-over-year; Net income was $8.1 billion, up 220% year over year.</p><p>BABA: revenue of $29.1 billion, up 64% year-over-year; Net income was $4.073 billion, up 18% year over year.</p><p>Tencent: revenue of US$21 billion, up 25% year-on-year; Net income was $5.147 billion, up 22% year over year.</p><p>Seeing the above set of data, I believe everyone should have the same idea as me. FAAMG's performance is really strong and terrible, especially its profit growth. Ali and Tencent are really not at the same level at all, but it is such a financial report. In the end, all of them died at the sight of the light. At that time, the market had begun to worry about unsustainable growth.</p><p>Why are first-quarter earnings so strong? On the one hand, in the first quarter of last year, the United States had not been completely blocked, and the Internet giants had not ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the epidemic dividend, and naturally there was explosive growth; On the other hand, the U.S. government gives out too much money, and it earns more not going to work than going to work. In addition, the vaccine has come out, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of the epidemic dividend, and the revenue base was very large. In the second quarter of this year, due to the disappearance of the epidemic dividend, the revenue growth rate may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or should be said to return to normal.</p><p>At present, FAAMG has a record high. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was 14,000, such a strong performance in the first quarter did not hold up in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq may have risen to the range of 15,000~15,200, but in this position, we have ushered in a stage of slowing revenue growth. Can the performance growth of enterprises support the current high valuation? I am worried that the market will experience another selling news at the end of April, thus making a deep adjustment.</p><p>Not far away, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%, and the organization's revenue growth expectation for Amazon's second quarter also dropped to 28%, and the revenue growth expectation for the third quarter was 22%. Imagine a company's stock price rising from $3,000 to $3,800, but its revenue growth rate dropping from 44% to 28%. Can such an increase last? What I'm most worried about is actually whether consumption can maintain the same high growth as in the first quarter after the relief subsidies in the United States are stopped?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. The next week is mainly the earnings report of bank stocks, and this stage should be very stable. After all, bank stocks have been adjusted for two months in advance, and they haven't risen much recently. Now is the time to violently rise through favorable financial reports. So our target price remains the same, and the Nasdaq continues to bullish to the range of 15,000~15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to generate blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. With all 23 banks passing the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve applauded lenders.</p><p>Bank stocks led Wall Street's sell-off on Thursday as some investors reduced their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been shaky amid heightened fears of slowing growth.</p><p>For the Banks sector, which includes these major Banks, accounting for approximately 45% of total financial sector earnings, Zacks expects Q2 earnings to grow by +190.8%.</p><p>With such a strong profit growth expectation, I think it is difficult to see the plunge of bank stocks next week. As long as bank stocks don't fall, the three major stock indexes will inevitably continue to soar brainlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after the brainless surge next week, perhaps you should consider lightening your position. As for the reason, the above has been quite clear.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, the economic growth may have achieved an excellent performance. Earnings growth may slow down, but analysts still expect the earnings of S&P 500 companies to grow by double digits in the next two quarters. It is crucial not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of brainless surge is largely related to the declining yield of the ten-year Treasury Bond of U.S. bonds. If the bond market can't make money, the money naturally flocks to the stock market. Data provider EPFR said inflows into global equity funds reached an all-time high of $580 billion in the first half of 2021.</p><p>Bank of America gave a further analysis. If the inflow rate remains unchanged for the rest of this year, the inflow of global equity funds in 2021 will exceed the sum of the past 20 years. The world's major stock indexes have climbed to record highs in the past week, driven by sustained inflows.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation of global stock markets constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Asset Management and other companies expect that the stock market will continue to rise in the second half of this year, and now some institutions even give the target price of S&P to 5,000.</p><p>To put it bluntly, although it may be that after late July, the U.S. stock market will usher in relatively large fluctuations. After all, it has risen so much in a very short time, and there will definitely be many people who will make profits from the financial report. However, as long as the Federal Reserve's policy is not tightened, the overall upward trend of the U.S. stock market will probably not change.</p><p>As for how to lay out in the second half of the year? From June 23rd to 30th, CNBC surveyed about 100 chief investment officers, equity strategists and portfolio managers who manage money on Wall Street. Nearly 70% of the respondents expected that value stocks would perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believed that financial stocks would become the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduced the discussion of buying bonds, inflation, corporate profit margin pressure and tax increase.</p><p>We are still bullish on US stocks, but investment must have cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a slow growth stage, while value stocks are likely to return as kings again. After the 20th, US stocks may not necessarily plummet, but it just says that technology stocks are risky. Perhaps we will completely alleviate the possible risks by conducting a large-scale position adjustment?</p><p>Of course, it is too early to predict these. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After FAAMG's financial report was issued, AMZN, NFLX, ASML, GOOG, SHOP, LRCX and ADBE all announced stock splitting, or any of these giants announced stock splitting, which would continue to soar brainlessly with technology stocks. In particular, the probability of AMZN is not small. The first financial report of the new CEO, and then a big gift to investors, really don't know where the US stock market is going.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry about the huge bubble in the US stock market. In the coming week, we will focus on doing more bank stocks, and then seize the opportunity here. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f9f05ab18a70559b03deab3f261ff27d","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","TQQQ":"纳指三倍做多ETF","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","TTTN":"老虎中美互联网巨头ETF",".DJI":"道琼斯","03086":"华夏纳指","SPXU":"三倍做空标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","DJX":"1/100道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100","QNETCN":"纳斯达克中美互联网老虎指数","QID":"两倍做空纳斯达克指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150302995","content_text":"又到了和大家周末见面的时候，上周虽然盘中经历了一些震荡，但三大股指仍然强势收涨，即使有回调也在日内就形成了反转，上涨动能强势的可怕。\n下周即将迎来财报季，美股已经涨到如此高的位置，丑媳妇也得见爹娘，企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验，毕竟美联储再如何放水，股价的上涨长期还是要回归基本面。\n上周最让人担心的一件事，那就是财报季还没正式开启，FAAMG就纷纷创下了历史新高，类似的剧情我们刚刚在4月15日开启的一季度财报季就曾经历过，最后的结果是迎来了Sell in May，纳指从高位回撤了10%。\n在这里，我们还是先来感受下中美七大科技巨头的一季度财报吧：\nAAPL：营收896亿美元 同比增长53.6%。净利润236.3亿美元，同比增长110%。\nGOOG：营收553.14亿美元，同比增长34%，净利润179.30亿美元，同比增长162%。\nMSFT：营收417亿美元，同比增长19%；净利润155亿美元，同比增长44%。\nFB：营收261.71亿美元，同比增长48%；净利润94.97亿美元，同比增长94%。\nAMZN：营收1085亿美元，同比增长44%；净利润81亿美元，同比增长220%。\nBABA：营收291亿美元，同比增长64%；净利润40.73亿美元，同比增长18%。\n腾讯：营收210亿美元，同比增长25%；净利润51.47亿美元，同比增长22%。\n看到上面这组数据，相信大家应该和我一样的想法，FAAMG的业绩真是强的可怕，尤其是利润增长，阿里和腾讯真完全不是一个级别，但就是这样的财报，最后全部都是见光死，市场当时已经开始担忧增长不可持续的事了。\n一季度财报为什么这么强劲？一方面，去年一季度美国还没有全面封锁，互联网巨头还没有迎来加速增长的契机，营收基数整体比较低，今年一季度则仍然在继续享受疫情红利，自然就出现了爆发式增长；另一方面，美国政府发钱实在发的太多了，不上班比上班挣得还要多，再加上疫苗已经出来，各种报复性消费铺天盖地，这也有利于科技股的业绩提振。\n进入二季度财报之后，我们会迎来这种负向的双重反馈。去年二季度，互联网巨头的营收在疫情红利的影响下开始加速增长，营收基数非常大，今年二季度则因为疫情红利的消失，营收增速有可能会放缓；美国多个洲已经开始停止发放补助，这一定程度上又有点不利于消费增长。科技股的营收增速，相比一季度，势必会进入一个放缓阶段，或者应该说是回归常态。\nFAAMG当前都已经历史新高，在过去两个月时间，涨幅均超过20%，并且在未来一周，很可能继续涨下去，真到了财报公布的时候，它们还能在高位稳住吗？纳指14000的时候，一季度如此强劲的业绩，最后都没有撑住。二季度科技股财报来临之前，纳指很可能已经涨到了15000~15200这个区间，但在这个位置，我们迎来一个营收增速放缓的阶段，企业的业绩增长能够撑起当前的高估值吗？我很担心，市场会再经历一次4月末的卖出消息，从而进行一次深度的调整。\n远的不说，我们就来说下AMZN。刚刚过去的Prime Day，亚马逊年度促销的营收才增长了9%，机构对亚马逊二季度营收增长预期也下滑到了28%，对三季度的营收增长预期是22%。想象一下，一家公司的股价从3000美元涨到了3800美元，营收增速却从44%掉到了28%，这样的上涨能否持久。我最担心的，其实还是美国的救济补助停止发放之后，消费还能保持一季度那样的高增长吗？\n我上面的分析那是20号之后的事，因为FAAMG的财报基本都在20号之后。下一周主要是银行股财报，这个阶段应该是非常稳定的。毕竟银行股已经提前调整了两个月时间，最近也没怎么涨，现在正是借着财报利好暴力拉升的时候。所以我们的目标价仍然不变，纳指继续看涨到15000~15200这个区间，你甚至都可以更乐观更激进点。\nRefinitiv 的数据显示，随着标准普尔 500 指数金融板块的收益同比翻番，银行业预计将在第二季度产生井喷式业绩。由于所有 23 家银行都通过了中央银行的压力测试，因此在美联储对贷方表示赞赏后，主要银行最近宣布将增加派息。\n银行股领涨华尔街周四的抛售，因为一些投资者在美国国债收益率意外下跌的情况下减持。然后他们在周五立即回击，强劲的盈利结果可能有助于稳定在对增长放缓的担忧加剧的情况下震荡的行业。\n对于 Banks 行业（包括这些主要银行，约占金融部门总收益的 45%），Zacks预计第二季度收益将增长 +190.8%。\n这样的强劲利润增长预期，我想下周很难看到银行股暴跌的情况，银行股只要不跌，那三大股指必然继续无脑暴涨，纳指首次突破15000，应该就是时间问题了。但经历下周无脑暴涨之后，或许你该考虑减仓的事，至于原因，上面已经说得相当清楚了。\n当前的市场其实仍然非常乐观，投资公司Ally Invest的资深投资策略师卡莉·波斯特（Callie Bost）表示，“在第二季度里，经济增长可能取得了极好的表现。盈利增长可能放缓，但分析师仍旧预计标普500指数成分股公司的盈利在未来两个季度将实现两位数增长。不能因为经济最强劲的增长可能已经过去，就对市场失去信心，这一点至关重要。”\n这一轮的无脑暴涨，很大程度上和美债十年期国债收益率的不断走低有关系，债市赚不到钱，钱自然就纷纷涌向了股市。数据提供商EPFR表示，2021年上半年流入全球股票基金的资金达到5800亿美元，创下了历史最高。\n美国银行更是给出了进一步分析，如果今年剩余时间里资金流入速度保持不变，2021年全球股票基金的资金流入数将超过过去20年的总和。持续流入的资金推动，全球主要股指在过去一周接连攀升至创纪录高位。\n虽然很多朋友当前非常恐高，但我们要习惯这种全球股市不断刷新纪录的情况。贝莱德、道富、瑞银资管、摩根大通资管等公司预计，今年下半年股市将继续上涨，现在甚至有机构给出标普涨到5000的目标价了。\n说白了，虽然可能7月下旬之后，美股会迎来比较大的波动，毕竟在极短的时间涨了这么多，肯定会有很多人借财报获利跑路的，但只要美联储政策不收紧，美股整体继续往上的趋势怕是不会改变。\n至于下半年该如何布局？在6月23日至30日期间，CNBC对华尔街约100名管理资金的首席投资官、股票策略师、投资组合经理进行了调查，近70%的受访者预计，下个季度价值型股票的表现将好于成长型股票，在行业板块层面，大多数投资者(67%)认为，金融类股将在下半年成为最大赢家，这主要因为美联储逐渐减少买债的讨论、通胀、企业利润率压力及加税。\n我们仍然看涨美股，但投资必须要有周期性布局思维，科技股已经涨成这样，并且很有可能会进入一个缓慢增长阶段，而价值股有可能再次重新王者归来。20号之后，美股不一定会暴跌，只是说科技股有风险，或许我们进行一次大规模的调仓，就彻底缓解了可能面临的风险呢？\n当然，现在预测这些都为时尚早，毕竟市场一直是在变化的，美股这次财报季不排除会有这样的剧情。FAAMG财报发完之后，AMZN、NFLX、ASML、GOOG、SHOP、LRCX、ADBE纷纷宣布拆股，或者这其中任何一家巨头宣布拆股，那都会带着科技股继续无脑暴涨。尤其AMZN概率不小，新CEO上任的第一份财报，然后送给投资者一份大礼，那美股这真不知道要涨到哪里去了。\n所以我们还是要把握当下，不要想太多，也不要去担心美股泡沫已经巨大，未来一周重点做多银行股，先把这里的机会抓到再说。至于科技股可能的回调，那也要看成是新的上车机会。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"TTTN":0.9,"IVV":0.9,"SDOW":0.9,"PSQ":0.9,"UPRO":0.9,".SPX":0.9,"DOG":0.9,"SH":0.9,"MNQmain":0.9,".IXIC":0.9,"QLD":0.9,"SSO":0.9,"SQQQ":0.9,"SPXU":0.9,"TQQQ":0.9,"DDM":0.9,"ESmain":0.9,"NQmain":0.9,"SDS":0.9,".DJI":0.9,"03086":0.9,"QID":0.9,"OEX":0.9,"QQQ":0.9,"QNETCN":0.9,"OEF":0.9,"DJX":0.9,"UDOW":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":2147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>There are still three trading days left, and the first half of 2021 for A shares is coming to an end. As of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, among which the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. That's a higher percentage than ever.</p><p>For the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies pre-happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that previously made forecasts on the interim report data in the first quarterly report and other announcements, as of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, of which 329 were pre-happy companies (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that the pre-happy companies in the three industries, such as steel, mining and transportation, account for the top proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results in 2021, and 529 companies only account for about 13% of A-share listed companies. However, only from the disclosed companies, 60% of listed companies have a good interim report, which should be said to be better than the interim reporting season of A shares over the years.</p><p>Previously, in 2019 and 2020, the pre-happy ratio of listed companies was about 40% to 50%.</p><p>Query the historical data to know:</p><p>As of July 15, 2019, the company with pre-happy interim report accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with pre-happy interim reports was relatively low. As of July 15, 2020, the number of companies with pre-happy interim reports accounted for 52.66% of the total announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, rather than waiting for the interim report performance forecast to come out, otherwise there will be a certain risk of chasing high.</p><p>Steel, mining, transportation and other three industries, pre-happy companies accounted for the top proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery. Because the base affected by the epidemic last year was relatively low, the demand for steel gradually increased with the economic recovery, so the performance of the steel industry was relatively good.</p><p>\"Under the background of gradual economic recovery, the performance of the coal sector in the subdivision of the mining industry is expected to achieve a substantial marginal improvement.\" Chen Li, chief economist and director of the research institute of Chuancai Securities, said, \"The core reason for the growth of the coal industry's performance this year is the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. With the influence of environmental protection, import and export and other factors, coal prices have risen significantly, especially the price of metallurgical coke. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is certain. \"</p><p>For the transportation industry, Liu Youhua, research director of private placement network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and great differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and the establishment of logistics system have improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic is gradually under control, the economy is beginning to recover, residents' activities are beginning to normalize, and the demand for transportation has increased significantly. \"</p><p><b>2、</b><b><b>Policy side: or conducive to the strength of A shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up first then down\".</p><p>Chen Xing, chief executive of Zhongtai Macro, believes that in the second half of the year, the interest rate may show a trend of \"first up and then down\", and the risk of short-term interest rate going up is greater, while the downward trend will be smoother after adjustment. For the allocation of major assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as that in the first half of the year.</p><p>From the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First, the pressure on economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are the consumption of the United States and China's exports. The contribution of personal consumption expenditure in the United States to economic growth after the epidemic far exceeds that of private investment, net export and government expenditure, which corresponds to the high prosperity of China's exports. Among the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much less than that in the first half of the year. The peak of the global epidemic and the domestic measures of \"guaranteeing supply and stabilizing prices\" have made the logic of commodity pricing return to demand-led. However, the weak economic recovery means that the prices of most industrial products do not have the foundation for continuous rise. In addition, the pressure caused by the base effect on PPI growth tends to ease in the second half of the year. The transmission efficiency of this round of PPI growth to CPI growth is not high, and the inflationary pressure is reduced in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a Sino-Thai strategist, believes that the finance will be relatively strong in the second half of the year: in the first half of the year, the government's fiscal bond issuance is obviously lower than expected, and the centralized \"bidding, auction and listing\" of land supports the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance will accelerate in the second half of the year. With the difficulty of further easing liquidity, it is expected that at least in the third quarter, the interest rate may be difficult to further decline.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, while the top 1% of households contribute 17% of the tax revenue, but the federal income tax accounts for 25%; However, the individual tax in China accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should bear more social responsibilities. It is expected that the pilot of real estate tax and the post-consumption tax collection reform will also be accelerated in the second half of the year, which may cause certain fluctuations in the subdivision of luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the Big Tech sector</b></b></p><p>At present, adding technology is the consensus of most brokers and funds.</p><p>Let's look at the views of brokers first:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economy is stable, the policy is warm and the liquidity is friendly, and the three phases are superimposed. The overseas economic recovery period in Europe and the United States, the period of loose liquidity and the period of slowing down the spread of the epidemic overlapped. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still allocating risky assets. The market goes long, without hesitation. From the layout of the \"centenary\" market, the market is slowly unfolding and getting better, and enters the \"summer market\" that is in full swing, the sun is burning and the sun is shining brightly. In this stage, the growth direction of science and technology will become the main source of beautiful scenery and excess returns in the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductor, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit increase and high prosperity in the industry; The consumption sector is paying more attention to new consumption. At the same time, be alert to the decline risk of some machinery industries, light industries and some food and beverage interim results.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is suggested to continue to pay attention to three main lines: Main line 1: high prosperity, paying attention to semiconductors, new energy vehicle industry chain and coal, especially with the upcoming opening of the interim report market, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, paying attention to the shipping and aviation sectors with upward prosperity. Main line 3: The main line of low valuation, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies (new energy vehicles/photovoltaics) under \"carbon neutrality\".</p><p>Guosheng Securities Research Report pointed out that three clues \"nugget\" science and technology innovation board: 1. Open up a new direction of A shares, and benchmark the scarce subdivision track \"unicorn\". 2. The performance growth rate has been leading the \"high growth\" of science and technology; 3. Since its listing, the pullback/retracement has been deep, it has fallen below the issue price, and it has valuation cost performance from the perspective of PEG; Benefiting from overseas demand, petroleum, petrochemical, chemical, nonferrous metals, photovoltaic and other sectors. New energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty and sub-high-end liquor are subdivided into tracks with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The report pointed out that with the wave of science and technology striking again, there are seven major scientific and technological fields worthy of attention. First, the semiconductor boom takes the lead; Second, 5G is a network, connecting everything; Third, the outbreak of IoT, the range of data tentacles is getting larger and larger; Fourth, AI overweight, machines and people are one step closer; Fifth, the energy revolution, a major theme of mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality go into virtual.</p><p>Look at the Public Offering of Fund's view again:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, broad manufacturing industry: especially the manufacturing industry in the middle and upper reaches, which has sustained high growth ability, and has great flexibility in fundamentals and valuation; Second, procyclical and banking/real estate/insurance in the middle and upper reaches: fundamental and profit risks have been fully released, the valuation is cheaper, there is the possibility of double-clicking performance and valuation, and the overall risk compensation is high; Third, the growth industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, balanced allocation is suggested. First, it is suggested to gradually reduce the proportion of periodic allocation, and allocate low-valuation industries such as banks, as well as middle-reach manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-industries that benefit from the industry structure and prosperity, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund suggests that investors continue to focus on technology stocks and military industry chains represented by semiconductor industry chains in the medium term, and continue to focus on automobile electrification, automobile hardware and software intelligent industry chains and new energy industry chains in the medium term. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the volatility of the price of upstream raw materials will gradually decrease, the center of its price fluctuation may gradually rise, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at a historically low level, and investors are advised to focus on bargains.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, new energy vehicles with huge long-term space, which benefit from economic transformation and are encouraged by policy environment.<a href=\"https://laohu8.com/S/000591\">Solar energy</a>In the next few years, a number of globally competitive head enterprises will be born in these industries. Second, medical care, emerging consumer goods, Internet and other industries that are closely related to residents' quality of life and income level. The demand of these industries has grown rapidly for a long time, and the models have been innovated rapidly, and excellent companies with high moats have been constantly born.</p><p>Chengze Assets believes that it insists on building and optimizing the portfolio based on fundamentals, strives to obtain the ideal net value growth on the premise of controlling the pullback/retracement, and strictly implements the stop-loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, and new consumer products are the focus of current layout and research.</p><p>Banyan Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption and new technology. Among them, we are optimistic about the new energy industry. The new energy track is one of the best tracks in the investment cycle in the next 5-10 years. The certainty of the industry is strong enough and the growth space of the industry is large enough.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat do A shares speculate in the second half of the year? This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>There are still three trading days left, and the first half of 2021 for A shares is coming to an end. As of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, among which the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. That's a higher percentage than ever.</p><p>For the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies pre-happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that previously made forecasts on the interim report data in the first quarterly report and other announcements, as of the close of June 25th, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released their performance forecasts for the first half of the year, of which 329 were pre-happy companies (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that the pre-happy companies in the three industries, such as steel, mining and transportation, account for the top proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results in 2021, and 529 companies only account for about 13% of A-share listed companies. However, only from the disclosed companies, 60% of listed companies have a good interim report, which should be said to be better than the interim reporting season of A shares over the years.</p><p>Previously, in 2019 and 2020, the pre-happy ratio of listed companies was about 40% to 50%.</p><p>Query the historical data to know:</p><p>As of July 15, 2019, the company with pre-happy interim report accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with pre-happy interim reports was relatively low. As of July 15, 2020, the number of companies with pre-happy interim reports accounted for 52.66% of the total announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, rather than waiting for the interim report performance forecast to come out, otherwise there will be a certain risk of chasing high.</p><p>Steel, mining, transportation and other three industries, pre-happy companies accounted for the top proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery. Because the base affected by the epidemic last year was relatively low, the demand for steel gradually increased with the economic recovery, so the performance of the steel industry was relatively good.</p><p>\"Under the background of gradual economic recovery, the performance of the coal sector in the subdivision of the mining industry is expected to achieve a substantial marginal improvement.\" Chen Li, chief economist and director of the research institute of Chuancai Securities, said, \"The core reason for the growth of the coal industry's performance this year is the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. With the influence of environmental protection, import and export and other factors, coal prices have risen significantly, especially the price of metallurgical coke. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is certain. \"</p><p>For the transportation industry, Liu Youhua, research director of private placement network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and great differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and the establishment of logistics system have improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic is gradually under control, the economy is beginning to recover, residents' activities are beginning to normalize, and the demand for transportation has increased significantly. \"</p><p><b>2、</b><b><b>Policy side: or conducive to the strength of A shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up first then down\".</p><p>Chen Xing, chief executive of Zhongtai Macro, believes that in the second half of the year, the interest rate may show a trend of \"first up and then down\", and the risk of short-term interest rate going up is greater, while the downward trend will be smoother after adjustment. For the allocation of major assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as that in the first half of the year.</p><p>From the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First, the pressure on economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are the consumption of the United States and China's exports. The contribution of personal consumption expenditure in the United States to economic growth after the epidemic far exceeds that of private investment, net export and government expenditure, which corresponds to the high prosperity of China's exports. Among the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much less than that in the first half of the year. The peak of the global epidemic and the domestic measures of \"guaranteeing supply and stabilizing prices\" have made the logic of commodity pricing return to demand-led. However, the weak economic recovery means that the prices of most industrial products do not have the foundation for continuous rise. In addition, the pressure caused by the base effect on PPI growth tends to ease in the second half of the year. The transmission efficiency of this round of PPI growth to CPI growth is not high, and the inflationary pressure is reduced in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a Sino-Thai strategist, believes that the finance will be relatively strong in the second half of the year: in the first half of the year, the government's fiscal bond issuance is obviously lower than expected, and the centralized \"bidding, auction and listing\" of land supports the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance will accelerate in the second half of the year. With the difficulty of further easing liquidity, it is expected that at least in the third quarter, the interest rate may be difficult to further decline.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, while the top 1% of households contribute 17% of the tax revenue, but the federal income tax accounts for 25%; However, the individual tax in China accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should bear more social responsibilities. It is expected that the pilot of real estate tax and the post-consumption tax collection reform will also be accelerated in the second half of the year, which may cause certain fluctuations in the subdivision of luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the Big Tech sector</b></b></p><p>At present, adding technology is the consensus of most brokers and funds.</p><p>Let's look at the views of brokers first:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economy is stable, the policy is warm and the liquidity is friendly, and the three phases are superimposed. The overseas economic recovery period in Europe and the United States, the period of loose liquidity and the period of slowing down the spread of the epidemic overlapped. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still allocating risky assets. The market goes long, without hesitation. From the layout of the \"centenary\" market, the market is slowly unfolding and getting better, and enters the \"summer market\" that is in full swing, the sun is burning and the sun is shining brightly. In this stage, the growth direction of science and technology will become the main source of beautiful scenery and excess returns in the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductor, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit increase and high prosperity in the industry; The consumption sector is paying more attention to new consumption. At the same time, be alert to the decline risk of some machinery industries, light industries and some food and beverage interim results.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is suggested to continue to pay attention to three main lines: Main line 1: high prosperity, paying attention to semiconductors, new energy vehicle industry chain and coal, especially with the upcoming opening of the interim report market, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, paying attention to the shipping and aviation sectors with upward prosperity. Main line 3: The main line of low valuation, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies (new energy vehicles/photovoltaics) under \"carbon neutrality\".</p><p>Guosheng Securities Research Report pointed out that three clues \"nugget\" science and technology innovation board: 1. Open up a new direction of A shares, and benchmark the scarce subdivision track \"unicorn\". 2. The performance growth rate has been leading the \"high growth\" of science and technology; 3. Since its listing, the pullback/retracement has been deep, it has fallen below the issue price, and it has valuation cost performance from the perspective of PEG; Benefiting from overseas demand, petroleum, petrochemical, chemical, nonferrous metals, photovoltaic and other sectors. New energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty and sub-high-end liquor are subdivided into tracks with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The report pointed out that with the wave of science and technology striking again, there are seven major scientific and technological fields worthy of attention. First, the semiconductor boom takes the lead; Second, 5G is a network, connecting everything; Third, the outbreak of IoT, the range of data tentacles is getting larger and larger; Fourth, AI overweight, machines and people are one step closer; Fifth, the energy revolution, a major theme of mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality go into virtual.</p><p>Look at the Public Offering of Fund's view again:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, broad manufacturing industry: especially the manufacturing industry in the middle and upper reaches, which has sustained high growth ability, and has great flexibility in fundamentals and valuation; Second, procyclical and banking/real estate/insurance in the middle and upper reaches: fundamental and profit risks have been fully released, the valuation is cheaper, there is the possibility of double-clicking performance and valuation, and the overall risk compensation is high; Third, the growth industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, balanced allocation is suggested. First, it is suggested to gradually reduce the proportion of periodic allocation, and allocate low-valuation industries such as banks, as well as middle-reach manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-industries that benefit from the industry structure and prosperity, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund suggests that investors continue to focus on technology stocks and military industry chains represented by semiconductor industry chains in the medium term, and continue to focus on automobile electrification, automobile hardware and software intelligent industry chains and new energy industry chains in the medium term. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the volatility of the price of upstream raw materials will gradually decrease, the center of its price fluctuation may gradually rise, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at a historically low level, and investors are advised to focus on bargains.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, new energy vehicles with huge long-term space, which benefit from economic transformation and are encouraged by policy environment.<a href=\"https://laohu8.com/S/000591\">Solar energy</a>In the next few years, a number of globally competitive head enterprises will be born in these industries. Second, medical care, emerging consumer goods, Internet and other industries that are closely related to residents' quality of life and income level. The demand of these industries has grown rapidly for a long time, and the models have been innovated rapidly, and excellent companies with high moats have been constantly born.</p><p>Chengze Assets believes that it insists on building and optimizing the portfolio based on fundamentals, strives to obtain the ideal net value growth on the premise of controlling the pullback/retracement, and strictly implements the stop-loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, and new consumer products are the focus of current layout and research.</p><p>Banyan Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption and new technology. Among them, we are optimistic about the new energy industry. The new energy track is one of the best tracks in the investment cycle in the next 5-10 years. The certainty of the industry is strong enough and the growth space of the industry is large enough.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}