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AhZhi01
2023-03-12
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@小虎综合资讯:美團:沒有存款在硅谷銀行,破產事件對公司無影響
AhZhi01
2022-12-04
Good
新股前瞻|中天建设五赴港交所:地产回暖后,承建商谋上市
AhZhi01
2022-10-08
Good
@朱邦凌:京市十月新股恆太照明:出口LED照明產品,發行底價6.28元
AhZhi01
2022-09-24
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@OptionsDelta:Big loss and big gain? You need to understand the inertia of the market
AhZhi01
2022-06-09
Good
Is Now A Good Time To Buy Palantir Stock? Buy Hand Over Fist
AhZhi01
2022-04-15
Good
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AhZhi01
2022-04-15
Good
提醒:耶稣受难日、复活节股市休市安排一览
AhZhi01
2022-03-08
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AhZhi01
2022-02-21
Good
提醒:美股2月21日因华盛顿诞辰休市一天
AhZhi01
2022-01-30
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提醒:春节假期主要市场休市安排一览
AhZhi01
2021-07-07
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油价暴涨暴跌,美债创半年新低,发生了什么?
AhZhi01
2021-07-06
Gd
苏宁易购重组尘埃落定,张近东还剩下多少股权?
AhZhi01
2021-05-11
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AhZhi01
2021-05-10
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AhZhi01
2021-05-08
Good
晒完数据,EPIC与苹果的争斗很现实
AhZhi01
2021-05-07
Good
蔚来、小鹏出海第一站,为何选择了挪威?
AhZhi01
2021-05-04
P
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AhZhi01
2021-05-03
Good
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AhZhi01
2021-05-01
Good
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AhZhi01
2021-04-30
Ok
提醒:五一劳动节A股休市三天,港美股照常交易
Go to Tiger App to see more news
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","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949617253","repostId":"627463521","repostType":1,"repost":{"id":627463521,"gmtCreate":1678555873096,"gmtModify":1678588013988,"author":{"id":"3527667586584720","authorId":"3527667586584720","name":"小虎综合资讯","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"美團:沒有存款在硅谷銀行,破產事件對公司無影響","htmlText":"今日,美團資本市場部對問詢的投資者回復郵件表示,美團沒有存款在硅谷銀行,因此近期硅谷銀行事件對公司無影響。同時,美團相關負責人也對記者表示,今日網傳美團CEO王興發佈的“硅谷銀行維權羣”截圖並不屬實。","listText":"今日,美團資本市場部對問詢的投資者回復郵件表示,美團沒有存款在硅谷銀行,因此近期硅谷銀行事件對公司無影響。同時,美團相關負責人也對記者表示,今日網傳美團CEO王興發佈的“硅谷銀行維權羣”截圖並不屬實。","text":"今日,美團資本市場部對問詢的投資者回復郵件表示,美團沒有存款在硅谷銀行,因此近期硅谷銀行事件對公司無影響。同時,美團相關負責人也對記者表示,今日網傳美團CEO王興發佈的“硅谷銀行維權羣”截圖並不屬實。","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/627463521","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964295633,"gmtCreate":1670151892622,"gmtModify":1676538310838,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/9964295633","repostId":"2288021944","repostType":4,"repost":{"id":"2288021944","pubTimestamp":1670075654,"share":"https://www.laohu8.com/m/news/2288021944?lang=&edition=full","pubTime":"2022-12-03 21:54","market":"hk","language":"zh","title":"新股前瞻|中天建设五赴港交所:地产回暖后,承建商谋上市","url":"https://stock-news.laohu8.com/highlight/detail?id=2288021944","media":"智通财经","summary":"智通财经APP了解到,近日,中天建设(湖南)集团有限公司再度向港交所主板递表,开启作为承建商的上市之旅。这一次是继2020年5月25日、2020年12月24日、2021年7月9日、2022年3月2日先后四次递表未取得实质性进展之后,中天建设向港交所第五次递交招股书。于2022年前三季度,中天建设融资活动产生现金净额约为6410万元。","content":"<html><body><p>市场政策的密集出台,正在从多个方面重构地产行业的发展信心。</p><p>此前,在“第二支箭”的2500亿元先导融资支持,以及金融十六条政策出台后,多家金融大行释出的房企近万亿元融资授信,已为不少房企的复苏注入能量。</p><p>11月28日,证监会宣布在股权融资方面调整优化5项措施支持房地产市场平稳健康发展,被业内视为射出支持房企融资“第三支箭”,进一步彰显政策层面稳定地产的决心。</p><p>站在地产行业迅速回暖的时点,其上下游公司及涉房企业也一别此前暗淡的光景,融资市场中开始流动。智通财经APP了解到,近日,中天建设(湖南)集团有限公司再度向港交所主板递表,开启作为承建商的上市之旅。</p><p>来自湖南的承建商,五赴港交所</p><p>据了解,这并非是中天建设的资本市场首秀,2017年5月至2019年1月,中天建设曾在新三板挂牌,后于2019年1月21日从新三板摘牌。随后,便是从2020年至今横跨两年的漫漫赴港上市路。</p><p>这一次是继2020年5月25日、2020年12月24日、2021年7月9日、2022年3月2日先后四次递表未取得实质性进展之后,中天建设向港交所第五次递交招股书。</p><p>中天建设是湖南省一家有着超过40年经营历史的知名总承包建筑集团,公司拥有6项一级施工资质,同时也拥有6项涵盖机电工程、幕墙工程、公路工程、水利及电力工程及环保工程等方面的其他二级及三级承包资质。</p><p>就2021年建筑收入而言,中天建设是湖南省具有承包一级资质排名第五的非国有建筑企业,从湖南省的持续发展中受益。作为发展计划一部分,该公司自2010年起进入海南市场,于最后可行日期,其设立了22间分公司,横跨中国多个省份。</p><p>从财务表现来看,2019-2021年及2022前三季度,中天建设实现营业收入分别约为18.22亿元(人民币,单位下同)、17.7亿元、18.23亿元及13.66亿元;相应期间,公司实现净利润分别为5086万、4959.9万、6190.3万和5116.6万元,由此能够看到其近年的营收和利润并非持续增长,而是有所波动。</p><p><img src=\"https://img.zhitongcaijing.com/image/20221203/1670075748933468.png?x-oss-process=image/format,jpg/quality,Q_90\" title=\"1670075748933468.png\"/></p><p>从收入贡献看,中天建设的主要收入来源为建筑合同收入,报告期内该收入占比均超过99%,而提供工程机械和设备服务的收入不足1%,规模尚小。</p><p>倘若将其进一步拆分,中天建设的建筑合同又可以拆分为民用建筑工程、市政工程、地基基础工程、装配式钢结构工程、其他专业承包工程。其中,民用建筑工程为公司建筑合同业务里的主要收入贡献项,但该业务的收入增速并不稳定。2019年-2021年,该业务营收分别为8.88亿元、10.32亿元、8.85亿元,占比为48.8%、58.3%、48.55%。</p><p>中天建设的市政工程、地基基础工程的收入变动亦不小,二者的收入均于2019年达到高点,2020年纷纷回落,并于2021年内再度有所走低。不过,市政工程业务似乎有望在2022年内出现转机——今年前三季度,该公司该项同比大幅75.85%,且毛利率上升至10.8%。</p><p>装配式钢结构工程的收入由2019的6265万元提高至1.06亿元,又自2020年提升至约3.7亿元,收入占比亦从3.4%提升至20%,成为该公司主要业务中连续三年收入和规模占比双升的分项。</p><p>仍需注意的是,由于项目的规模及复杂程度不确定,中天建设的项目期间通常介乎约两个月至三年之间,若干项目或会延期至三年以上,时间跨度较大,也意味着该公司的回款周期可能会不断延长,企业应收款项周转天数不断增长,负债水平居高不下,侵蚀着企业的盈利空间。</p><p>工程垫款成常事,业绩成长预期偏弱</p><p>建筑企业拥有着较强的“垫资”行业特点,对于中天建设而言,仍然不能免俗。作为典型的资本密集型企业,承包商需要先行垫付相关的工程、材料款项,再从项目方收取相关收入。一般来说,这将要求承建商拥有较强的资金实力,而相对的,应收账款占总资产的比例也会稍高。</p><p>招股书显示,2019-2021年及2022年9月30日,中天建设贸易应收款项及应收票据总额分别约为4.89亿元、5.19亿元、4.54亿元和3.95亿元,分别占公司总资产的26.2%、26.3%、24.1%及21.7%。同时,公司期内贸易应收款项及应收票据的减值准备分别为600万元、880万元、830万元和780万元,分别占公司贸易应收款项及应收票据的1.2%、1.7%、1.8%及2.0%。相应期间中,中天建设平均贸易应收款项及应收票据周转天数分别为76.9天、103.9天、97.3天及85.1天。</p><p>另一方面,中天建设的客户包括政府实体、国有企业及国家投资企业(统称政府相关实体)及私营企业,而客户的议价能力更强,账期则难免会增加。</p><p>招股书显示,中天建设的客户集中度颇高,这往往也意味着大客户的话语权较强。2019-2021年及2022前三季度,中天建设来自五大客户所得收入分别约为8.41亿元、7.97亿元、8.46亿元及5.8亿元,分别占总收入的46.2%、45.0%、46.4%及42.4%。近三年以来,公司自最大客户所得收入分别约为3.28亿元、3.12亿元、3.67亿元,分别占总收入的18.0%、17.6%、20.2%,对大客户的依赖度有增无减。</p><p>此外,资金面的紧张或许也在成为中天建设发展过程中的掣肘。于2022年前三季度,中天建设融资活动产生现金净额约为6410万元。融资活动现金流入净额主要包括新增借款所得款项约1.09亿元,部分被偿还借款约3290万元所抵销。对此,中天建设解释称,由于一般在接近年底时结算更多贸易应收款项,故通常于一年的前九个月产生较少的经营现金流量,</p><p>至今年前三季度,需要银行借款以改善流动资金。</p><p>体现在募集资金用途方面,招股书显示,将为中天建设手头三个项目的前期开支提供资金,购置与更换工程器械及设备,为建立和运营专有技术中心提供资金,以及用于营运资金和一般公司用途。</p><p>综合来看,中天建设发展可能已经进入了瓶颈期,公司的业务收入稳定,业务亮点却不多,成长性稍显不足。即便欲趁着内房板块反弹的“东风”谋求上市,但在港股市场,建筑装修行业大部分是小市值公司,加上行业本身或市场的增长潜力有限,市场关注度并不高,倘若上市成功,还需谨慎看待。</p></body></html>","source":"stock_zhitongcaijing","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>新股前瞻|中天建设五赴港交所:地产回暖后,承建商谋上市</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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新股前瞻|中天建设五赴港交所:地产回暖后,承建商谋上市\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-03 21:54 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/841760.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>市场政策的密集出台,正在从多个方面重构地产行业的发展信心。此前,在“第二支箭”的2500亿元先导融资支持,以及金融十六条政策出台后,多家金融大行释出的房企近万亿元融资授信,已为不少房企的复苏注入能量。11月28日,证监会宣布在股权融资方面调整优化5项措施支持房地产市场平稳健康发展,被业内视为射出支持房企融资“第三支箭”,进一步彰显政策层面稳定地产的决心。站在地产行业迅速回暖的时点,其上下游公司及...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/841760.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02433":"中天湖南集团"},"source_url":"http://www.zhitongcaijing.com/content/detail/841760.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288021944","content_text":"市场政策的密集出台,正在从多个方面重构地产行业的发展信心。此前,在“第二支箭”的2500亿元先导融资支持,以及金融十六条政策出台后,多家金融大行释出的房企近万亿元融资授信,已为不少房企的复苏注入能量。11月28日,证监会宣布在股权融资方面调整优化5项措施支持房地产市场平稳健康发展,被业内视为射出支持房企融资“第三支箭”,进一步彰显政策层面稳定地产的决心。站在地产行业迅速回暖的时点,其上下游公司及涉房企业也一别此前暗淡的光景,融资市场中开始流动。智通财经APP了解到,近日,中天建设(湖南)集团有限公司再度向港交所主板递表,开启作为承建商的上市之旅。来自湖南的承建商,五赴港交所据了解,这并非是中天建设的资本市场首秀,2017年5月至2019年1月,中天建设曾在新三板挂牌,后于2019年1月21日从新三板摘牌。随后,便是从2020年至今横跨两年的漫漫赴港上市路。这一次是继2020年5月25日、2020年12月24日、2021年7月9日、2022年3月2日先后四次递表未取得实质性进展之后,中天建设向港交所第五次递交招股书。中天建设是湖南省一家有着超过40年经营历史的知名总承包建筑集团,公司拥有6项一级施工资质,同时也拥有6项涵盖机电工程、幕墙工程、公路工程、水利及电力工程及环保工程等方面的其他二级及三级承包资质。就2021年建筑收入而言,中天建设是湖南省具有承包一级资质排名第五的非国有建筑企业,从湖南省的持续发展中受益。作为发展计划一部分,该公司自2010年起进入海南市场,于最后可行日期,其设立了22间分公司,横跨中国多个省份。从财务表现来看,2019-2021年及2022前三季度,中天建设实现营业收入分别约为18.22亿元(人民币,单位下同)、17.7亿元、18.23亿元及13.66亿元;相应期间,公司实现净利润分别为5086万、4959.9万、6190.3万和5116.6万元,由此能够看到其近年的营收和利润并非持续增长,而是有所波动。从收入贡献看,中天建设的主要收入来源为建筑合同收入,报告期内该收入占比均超过99%,而提供工程机械和设备服务的收入不足1%,规模尚小。倘若将其进一步拆分,中天建设的建筑合同又可以拆分为民用建筑工程、市政工程、地基基础工程、装配式钢结构工程、其他专业承包工程。其中,民用建筑工程为公司建筑合同业务里的主要收入贡献项,但该业务的收入增速并不稳定。2019年-2021年,该业务营收分别为8.88亿元、10.32亿元、8.85亿元,占比为48.8%、58.3%、48.55%。中天建设的市政工程、地基基础工程的收入变动亦不小,二者的收入均于2019年达到高点,2020年纷纷回落,并于2021年内再度有所走低。不过,市政工程业务似乎有望在2022年内出现转机——今年前三季度,该公司该项同比大幅75.85%,且毛利率上升至10.8%。装配式钢结构工程的收入由2019的6265万元提高至1.06亿元,又自2020年提升至约3.7亿元,收入占比亦从3.4%提升至20%,成为该公司主要业务中连续三年收入和规模占比双升的分项。仍需注意的是,由于项目的规模及复杂程度不确定,中天建设的项目期间通常介乎约两个月至三年之间,若干项目或会延期至三年以上,时间跨度较大,也意味着该公司的回款周期可能会不断延长,企业应收款项周转天数不断增长,负债水平居高不下,侵蚀着企业的盈利空间。工程垫款成常事,业绩成长预期偏弱建筑企业拥有着较强的“垫资”行业特点,对于中天建设而言,仍然不能免俗。作为典型的资本密集型企业,承包商需要先行垫付相关的工程、材料款项,再从项目方收取相关收入。一般来说,这将要求承建商拥有较强的资金实力,而相对的,应收账款占总资产的比例也会稍高。招股书显示,2019-2021年及2022年9月30日,中天建设贸易应收款项及应收票据总额分别约为4.89亿元、5.19亿元、4.54亿元和3.95亿元,分别占公司总资产的26.2%、26.3%、24.1%及21.7%。同时,公司期内贸易应收款项及应收票据的减值准备分别为600万元、880万元、830万元和780万元,分别占公司贸易应收款项及应收票据的1.2%、1.7%、1.8%及2.0%。相应期间中,中天建设平均贸易应收款项及应收票据周转天数分别为76.9天、103.9天、97.3天及85.1天。另一方面,中天建设的客户包括政府实体、国有企业及国家投资企业(统称政府相关实体)及私营企业,而客户的议价能力更强,账期则难免会增加。招股书显示,中天建设的客户集中度颇高,这往往也意味着大客户的话语权较强。2019-2021年及2022前三季度,中天建设来自五大客户所得收入分别约为8.41亿元、7.97亿元、8.46亿元及5.8亿元,分别占总收入的46.2%、45.0%、46.4%及42.4%。近三年以来,公司自最大客户所得收入分别约为3.28亿元、3.12亿元、3.67亿元,分别占总收入的18.0%、17.6%、20.2%,对大客户的依赖度有增无减。此外,资金面的紧张或许也在成为中天建设发展过程中的掣肘。于2022年前三季度,中天建设融资活动产生现金净额约为6410万元。融资活动现金流入净额主要包括新增借款所得款项约1.09亿元,部分被偿还借款约3290万元所抵销。对此,中天建设解释称,由于一般在接近年底时结算更多贸易应收款项,故通常于一年的前九个月产生较少的经营现金流量,至今年前三季度,需要银行借款以改善流动资金。体现在募集资金用途方面,招股书显示,将为中天建设手头三个项目的前期开支提供资金,购置与更换工程器械及设备,为建立和运营专有技术中心提供资金,以及用于营运资金和一般公司用途。综合来看,中天建设发展可能已经进入了瓶颈期,公司的业务收入稳定,业务亮点却不多,成长性稍显不足。即便欲趁着内房板块反弹的“东风”谋求上市,但在港股市场,建筑装修行业大部分是小市值公司,加上行业本身或市场的增长潜力有限,市场关注度并不高,倘若上市成功,还需谨慎看待。","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914107034,"gmtCreate":1665195742329,"gmtModify":1676537571304,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/9914107034","repostId":"668763667","repostType":1,"repost":{"id":668763667,"gmtCreate":1665193029364,"gmtModify":1676537571046,"author":{"id":"24356888824905","authorId":"24356888824905","name":"朱邦凌","avatar":"https://static.tigerbbs.com/bdf900cee3282da4be5b63c1cab50581","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"京市十月新股恆太照明:出口LED照明產品,發行底價6.28元","htmlText":"一、公司亮點2021年前三季度工礦燈產品出口企業中,恆太照明排名第一二、測算髮行市盈率15.01倍(也可能詢價,不過就公司質地來說,我覺得沒有詢價必要,這個價格能發出去,就不錯了。別像華嶺股份一樣,多2分錢,搞個網下17%,影響公司形象。)發行底價:6.28元停牌價:7.17元發行新股:2220萬股。募資1.99198億元,擬用於年產500萬套LED照明燈具項目、研發中心升級項目、智能化生產設備技改項目。建設週期爲24 個月。發行後總股本:2.202038億股發行後流通股本:2220萬股+3796萬股=6016萬股。發行後總市值:13.8287986億發行後流通市值:3.778048億測算髮行市盈率:2021年扣非淨利潤9215.5萬,對應15.01倍。註冊地:江蘇省南通市保薦人:東北證券控股股東和實際控制人:李彭晴,持有41.32%股份。三、主營LED照明產品,境外業務佔大頭恆太照明主營業務爲LED照明產品的生產、研發及銷售,產品主要應用於辦公照明、工業照明、商業照明。恆太照明以境外銷售爲主,報告期內主營業務收入中境外銷售收入佔比分別爲95.66%、95.54%、96.11%。根據中國照明電器協會信息,2021年前三季度工礦燈產品出口企業中,恆太照明排名第一,在美國單一市場中,公司佔有1/4的市場份額。自 2018 年中美貿易摩擦以來,受美國 301 關稅政策變化的影響,公司的 LED 照明燈具出口美國市場被加徵高額關稅,主要適用稅率爲 25%。公司的銷售模式爲直銷模式。 直銷模式下,公司採取 ODM 模式進行生產銷售。國外行業內的主要企業包括昕諾飛、歐司朗,國內行業內主要企業包括立達信、陽光照明、得邦照明、三雄極光、佛山照明。公司主營業務毛利率分別爲 26.46%、25.83%、24.07%,毛利率略有下降。四、業績波動較大恆太照明的業績曾在2019年、2020年出現驟","listText":"一、公司亮點2021年前三季度工礦燈產品出口企業中,恆太照明排名第一二、測算髮行市盈率15.01倍(也可能詢價,不過就公司質地來說,我覺得沒有詢價必要,這個價格能發出去,就不錯了。別像華嶺股份一樣,多2分錢,搞個網下17%,影響公司形象。)發行底價:6.28元停牌價:7.17元發行新股:2220萬股。募資1.99198億元,擬用於年產500萬套LED照明燈具項目、研發中心升級項目、智能化生產設備技改項目。建設週期爲24 個月。發行後總股本:2.202038億股發行後流通股本:2220萬股+3796萬股=6016萬股。發行後總市值:13.8287986億發行後流通市值:3.778048億測算髮行市盈率:2021年扣非淨利潤9215.5萬,對應15.01倍。註冊地:江蘇省南通市保薦人:東北證券控股股東和實際控制人:李彭晴,持有41.32%股份。三、主營LED照明產品,境外業務佔大頭恆太照明主營業務爲LED照明產品的生產、研發及銷售,產品主要應用於辦公照明、工業照明、商業照明。恆太照明以境外銷售爲主,報告期內主營業務收入中境外銷售收入佔比分別爲95.66%、95.54%、96.11%。根據中國照明電器協會信息,2021年前三季度工礦燈產品出口企業中,恆太照明排名第一,在美國單一市場中,公司佔有1/4的市場份額。自 2018 年中美貿易摩擦以來,受美國 301 關稅政策變化的影響,公司的 LED 照明燈具出口美國市場被加徵高額關稅,主要適用稅率爲 25%。公司的銷售模式爲直銷模式。 直銷模式下,公司採取 ODM 模式進行生產銷售。國外行業內的主要企業包括昕諾飛、歐司朗,國內行業內主要企業包括立達信、陽光照明、得邦照明、三雄極光、佛山照明。公司主營業務毛利率分別爲 26.46%、25.83%、24.07%,毛利率略有下降。四、業績波動較大恆太照明的業績曾在2019年、2020年出現驟","text":"一、公司亮點2021年前三季度工礦燈產品出口企業中,恆太照明排名第一二、測算髮行市盈率15.01倍(也可能詢價,不過就公司質地來說,我覺得沒有詢價必要,這個價格能發出去,就不錯了。別像華嶺股份一樣,多2分錢,搞個網下17%,影響公司形象。)發行底價:6.28元停牌價:7.17元發行新股:2220萬股。募資1.99198億元,擬用於年產500萬套LED照明燈具項目、研發中心升級項目、智能化生產設備技改項目。建設週期爲24 個月。發行後總股本:2.202038億股發行後流通股本:2220萬股+3796萬股=6016萬股。發行後總市值:13.8287986億發行後流通市值:3.778048億測算髮行市盈率:2021年扣非淨利潤9215.5萬,對應15.01倍。註冊地:江蘇省南通市保薦人:東北證券控股股東和實際控制人:李彭晴,持有41.32%股份。三、主營LED照明產品,境外業務佔大頭恆太照明主營業務爲LED照明產品的生產、研發及銷售,產品主要應用於辦公照明、工業照明、商業照明。恆太照明以境外銷售爲主,報告期內主營業務收入中境外銷售收入佔比分別爲95.66%、95.54%、96.11%。根據中國照明電器協會信息,2021年前三季度工礦燈產品出口企業中,恆太照明排名第一,在美國單一市場中,公司佔有1/4的市場份額。自 2018 年中美貿易摩擦以來,受美國 301 關稅政策變化的影響,公司的 LED 照明燈具出口美國市場被加徵高額關稅,主要適用稅率爲 25%。公司的銷售模式爲直銷模式。 直銷模式下,公司採取 ODM 模式進行生產銷售。國外行業內的主要企業包括昕諾飛、歐司朗,國內行業內主要企業包括立達信、陽光照明、得邦照明、三雄極光、佛山照明。公司主營業務毛利率分別爲 26.46%、25.83%、24.07%,毛利率略有下降。四、業績波動較大恆太照明的業績曾在2019年、2020年出現驟","images":[{"img":"https://static.tigerbbs.com/c7c0fcf795e616c10f8ed41046643c36"},{"img":"https://static.tigerbbs.com/0230f111d462460d580cc595014c8b16"},{"img":"https://static.tigerbbs.com/79a88b9e7804ec0d894cef6bcd508e81"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/668763667","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913529443,"gmtCreate":1664023753982,"gmtModify":1676537380470,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/9913529443","repostId":"9913834205","repostType":1,"repost":{"id":9913834205,"gmtCreate":1663952511507,"gmtModify":1676537369960,"author":{"id":"4102740637684170","authorId":"4102740637684170","name":"OptionsDelta","avatar":"https://static.tigerbbs.com/b5ab2017d32f95a165639de659b21cd1","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Big loss and big gain? You need to understand the inertia of the market","htmlText":"A break in the USD index above $112 should theoretically have caused a pullback, but it did not; In theory Treasuries should pull back above 4%, but they haven't.Like Tesla last year, at $900 everyone was looking for a pullback to $1000, but it didn't, and the stock went straight to $1200.It makes sense to be bullish and bearish at this point, just like Tesla last year. Do you think it's wrong to be bearish? Then it fell. But you say long is not money? How can 900 go to 1,200 and not make money.But currencies can stay at the top for longer than stocks, and the greater the magnitude of capital, the greater the inertia.The same is true of crude oil this year, with the top price much higher than the expected short price.The market is completely following the dollar trend. After FOMC, I said t","listText":"A break in the USD index above $112 should theoretically have caused a pullback, but it did not; In theory Treasuries should pull back above 4%, but they haven't.Like Tesla last year, at $900 everyone was looking for a pullback to $1000, but it didn't, and the stock went straight to $1200.It makes sense to be bullish and bearish at this point, just like Tesla last year. Do you think it's wrong to be bearish? Then it fell. But you say long is not money? How can 900 go to 1,200 and not make money.But currencies can stay at the top for longer than stocks, and the greater the magnitude of capital, the greater the inertia.The same is true of crude oil this year, with the top price much higher than the expected short price.The market is completely following the dollar trend. After FOMC, I said t","text":"A break in the USD index above $112 should theoretically have caused a pullback, but it did not; In theory Treasuries should pull back above 4%, but they haven't.Like Tesla last year, at $900 everyone was looking for a pullback to $1000, but it didn't, and the stock went straight to $1200.It makes sense to be bullish and bearish at this point, just like Tesla last year. Do you think it's wrong to be bearish? Then it fell. But you say long is not money? How can 900 go to 1,200 and not make money.But currencies can stay at the top for longer than stocks, and the greater the magnitude of capital, the greater the inertia.The same is true of crude oil this year, with the top price much higher than the expected short price.The market is completely following the dollar trend. After FOMC, I said t","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913834205","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051750907,"gmtCreate":1654742773609,"gmtModify":1676535503289,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/9051750907","repostId":"2241813966","repostType":4,"repost":{"id":"2241813966","pubTimestamp":1654739913,"share":"https://www.laohu8.com/m/news/2241813966?lang=&edition=full","pubTime":"2022-06-09 09:58","market":"us","language":"en","title":"Is Now A Good Time To Buy Palantir Stock? Buy Hand Over Fist","url":"https://stock-news.laohu8.com/highlight/detail?id=2241813966","media":"Seekingalpha","summary":"Palantir (NYSE:PLTR) stock trades at a fraction of its price just one year ago, in spite of sustaini","content":"<html><head></head><body><p>Palantir (NYSE:PLTR) stock trades at a fraction of its price just <a href=\"https://laohu8.com/S/AONE.U\">one</a> year ago, in spite of sustaining impressive growth amidst a difficult economic environment. This is the kind of stock that one should hold for very long time periods and add during times of weakness, like now. While the company is still not yet profitable on a GAAP basis, it is generating ample free cash flow and has a cash-rich balance sheet. I rate the stock a strong buy as one of the more compelling opportunities in the tech sector. PLTR is a core holding in the Best of Breed portfolio and one I intend to hold over the long term.</p><h2>PLTR Stock Price</h2><p>PLTR peaked near $40 per share and was recently trading at around $9 per share, just below the price where it came public nearly two years ago.</p><p><img src=\"https://static.tigerbbs.com/da4ac5d7b6539f64fde4c9c73d151093\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data by YCharts</p><p>I last covered the name in March when I rated it a strong buy and the stock has since dropped another 19%. The ongoing price weakness should be considered a protracted opportunity to accumulate shares on the cheap.</p><h2>PLTR Stock Key Metrics</h2><p>In the latest quarter, PLTR grew revenue by 31% on the backs of 124% net dollar retention.</p><p><img src=\"https://static.tigerbbs.com/88b27056fa6b22004e950e64da123a10\" tg-width=\"1280\" tg-height=\"710\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>A typical criticism against the company has been its reliance on government revenues. Government revenue growth actually decelerated to only 16% in this past quarter. On the conference call, management indicated that growth of government revenues should accelerate in the second half of the year.</p><p><img src=\"https://static.tigerbbs.com/ec7fa44a593892eb7d1067b42d69f4e7\" tg-width=\"1280\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>It was commercial revenue growth of 54% that helped offset that slowdown.</p><p><img src=\"https://static.tigerbbs.com/615ee2457216b45a10afb836024c57d5\" tg-width=\"1280\" tg-height=\"713\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>PLTR continues to generate robust free cash flows and generated a 26% adjusted operating margin in the quarter. That margin includes stock-based compensation, so the shares outstanding are still being negatively impacted. Yet from a financial solvency perspective, the company is on strong footing. The company did make progress on profit margins on a GAAP basis, with GAAP operating margin loss compressing to 9%, a sizable improvement from the negative 33% margin in the prior year.</p><p><img src=\"https://static.tigerbbs.com/5c9c03e5b98dbcae55edc5304695f0a6\" tg-width=\"1280\" tg-height=\"536\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>On the earnings call, an analyst asked management about their expectation for when to expect GAAP profitability. Management basically deflected the question - investors should expect the company to continue investing aggressively, at least in the near term. PLTR ended the quarter with $2.3 billion of cash versus no debt. That is good for around 13% of the current market cap.</p><p>Looking forward, PLTR guided for $470 million of revenue in the next quarter, representing only 25% year over year growth.</p><p><img src=\"https://static.tigerbbs.com/19453f2613953c64bfca996ebbd3523e\" tg-width=\"1280\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>Some investors have tried to justify the post-earnings 20% decline by that guidance, as it seems to call into question management’s long-term guidance of 30% growth (even though on that same slide the company reiterated its outlook of at least 30% revenue growth over the next three years). Has the thesis broken down? Hardly. PLTR is a curious example of a business which still operates like it is pre-IPO yet has achieved post-IPO valuations. PLTR’s products are still arguably years ahead of their time, meaning that it will take time for its customers to fully understand how to use its products. This is shown clearly by the fact that the 31% revenue growth lagged the 86% growth in total customers. Given everything that is going on right now, it makes sense that customers aren’t getting too adventurous in using PLTR’s products to the full extent. That will inevitably change as they slowly but surely see the tremendous value that PLTR provides.</p><h2>Is Palantir Stock A Good Valuation?</h2><p>It appears that the falling prices in the tech sector have influenced Wall Street’s sentiment toward the stock. In spite of the huge plunge in the stock price, the average rating stands at only 3.25 out of 5.</p><p><img src=\"https://static.tigerbbs.com/a48d5e084f24091a1b76aa5cedc6352e\" tg-width=\"1280\" tg-height=\"318\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>The average price target of $12.22 per share represents only 35% potential upside.</p><p><img src=\"https://static.tigerbbs.com/ccf2bb289de3af0c83b65f9ad64e5ee0\" tg-width=\"1280\" tg-height=\"406\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>We can see below that the average price target has declined rapidly over the past few months alongside the crash in tech stocks.</p><p><img src=\"https://static.tigerbbs.com/c1440daba41cd761edcd54db4037e1e7\" tg-width=\"1280\" tg-height=\"551\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><h2>Is Now A Good Time To Invest In Palantir?</h2><p>I have a strong belief that the best time to buy stocks is when sentiment is low. The fact that price targets have come down so rapidly is a good indication of the poor sentiment surrounding PLTR stock. While PLTR stock is trading as if it is a tech stock going out of business, the reality is anything but.</p><p>Recall that PLTR is a best of breed operator helping its customers harness the true value of its data. I view PLTR to be as close as any company to being the enabler of “Skynet” (a Terminator reference).</p><p><img src=\"https://static.tigerbbs.com/1c74dc14b14296f7a9fff0737793db17\" tg-width=\"1280\" tg-height=\"660\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>PLTR has made the bold claim that it will be the next Amazon Web Services (‘AWS’).</p><p><img src=\"https://static.seekingalpha.com/uploads/2022/6/7/saupload_nNgGxXAO2u7UiyVdDQnSPW4vDNb6ShBF8jiRLQ0Y-iKw5IbqA7bA_N7sY5M6-i8BuGWEusYvE3GqHT960lHVDeVrSYii9qKyevBguQxd38OeRKbZ3KAjD1cRnxgMSZYfVDteHCnfGlO5ttRqHQ.png\" tg-width=\"1280\" tg-height=\"648\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2022 Q1 Presentation</p><p>That’s clearly an ambitious goal. Yet as data continues to grow, PLTR’s products only become more and more valuable as its customers look to further optimize their businesses in ways that humans alone cannot achieve. PLTR remains the best positioned company to help the world harness the power of artificial intelligence.</p><h2>What Is Palantir's Outlook?</h2><p>Consensus estimates call for around 28% growth through 2024 - noticeably lower than management’s outlook for at least 30% growth over the next three years.</p><p><img src=\"https://static.tigerbbs.com/a6d33f2559be47c1df1f150b8afefea5\" tg-width=\"1280\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>PLTR’S ability to sustain elevated growth rates for many years is what makes the stock so compelling here.</p><h2>Is PLTR Stock A Buy, Sell, or Hold?</h2><p>The stock is trading at 9x forward sales. That might not seem that cheap, especially considering that PLTR is still not yet profitable on a GAAP basis. Yet as operating leverage takes hold, I expect PLTR to eventually generate robust profit margins. There are already signs of operating leverage taking place. Below we can see the 3-year financial snapshot - operating expenses have already moderated significantly over the past year.</p><p><img src=\"https://static.tigerbbs.com/38a660fc8e9db3df00e9207854e65d9c\" tg-width=\"1280\" tg-height=\"316\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>2021 10-K</p><p>I can see PLTR eventually sustaining at least 30% net margins over the long term. Assuming a 1.5x price to earnings growth ratio (‘PEG ratio’), I could see PLTR trading at around 13.5x sales by 2024. That presents 141% potential upside, representing around 40% compounded returns over the next 2.5 years. What are the key risks here? I am not concerned with financial solvency risk due to the cash-rich balance sheet and free cash flow generation. But if the company is unable to realize operating leverage, perhaps due to factors like competition, then it may not produce sufficient GAAP profits to justify an investment over the long term. This is a key risk when investing in any unprofitable company. Over the near term, another risk is if growth rates suddenly decelerate rapidly - this would likely lead to material compression in the valuation multiple. I have the view that PLTR has a long growth runway ahead of it but would be a quick seller if the company was unable to meet its outlook for 30% average growth. I rate the stock a strong buy as the underlying growth and multiple expansion potential both make this a compelling buy at current prices. PLTR is one of the core holdings in the Best of Breed portfolio and one I intend to hold over the long term.</p></body></html>","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 Now A Good Time To Buy Palantir Stock? Buy Hand Over Fist</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Now A Good Time To Buy Palantir Stock? Buy Hand Over Fist\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-09 09:58 GMT+8 <a href=https://seekingalpha.com/article/4516977-is-now-good-time-buy-palantir-stock><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir (NYSE:PLTR) stock trades at a fraction of its price just one year ago, in spite of sustaining impressive growth amidst a difficult economic environment. This is the kind of stock that one ...</p>\n\n<a href=\"https://seekingalpha.com/article/4516977-is-now-good-time-buy-palantir-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4516977-is-now-good-time-buy-palantir-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241813966","content_text":"Palantir (NYSE:PLTR) stock trades at a fraction of its price just one year ago, in spite of sustaining impressive growth amidst a difficult economic environment. This is the kind of stock that one should hold for very long time periods and add during times of weakness, like now. While the company is still not yet profitable on a GAAP basis, it is generating ample free cash flow and has a cash-rich balance sheet. I rate the stock a strong buy as one of the more compelling opportunities in the tech sector. PLTR is a core holding in the Best of Breed portfolio and one I intend to hold over the long term.PLTR Stock PricePLTR peaked near $40 per share and was recently trading at around $9 per share, just below the price where it came public nearly two years ago.Data by YChartsI last covered the name in March when I rated it a strong buy and the stock has since dropped another 19%. The ongoing price weakness should be considered a protracted opportunity to accumulate shares on the cheap.PLTR Stock Key MetricsIn the latest quarter, PLTR grew revenue by 31% on the backs of 124% net dollar retention.2022 Q1 PresentationA typical criticism against the company has been its reliance on government revenues. Government revenue growth actually decelerated to only 16% in this past quarter. On the conference call, management indicated that growth of government revenues should accelerate in the second half of the year.2022 Q1 PresentationIt was commercial revenue growth of 54% that helped offset that slowdown.2022 Q1 PresentationPLTR continues to generate robust free cash flows and generated a 26% adjusted operating margin in the quarter. That margin includes stock-based compensation, so the shares outstanding are still being negatively impacted. Yet from a financial solvency perspective, the company is on strong footing. The company did make progress on profit margins on a GAAP basis, with GAAP operating margin loss compressing to 9%, a sizable improvement from the negative 33% margin in the prior year.2022 Q1 PresentationOn the earnings call, an analyst asked management about their expectation for when to expect GAAP profitability. Management basically deflected the question - investors should expect the company to continue investing aggressively, at least in the near term. PLTR ended the quarter with $2.3 billion of cash versus no debt. That is good for around 13% of the current market cap.Looking forward, PLTR guided for $470 million of revenue in the next quarter, representing only 25% year over year growth.2022 Q1 PresentationSome investors have tried to justify the post-earnings 20% decline by that guidance, as it seems to call into question management’s long-term guidance of 30% growth (even though on that same slide the company reiterated its outlook of at least 30% revenue growth over the next three years). Has the thesis broken down? Hardly. PLTR is a curious example of a business which still operates like it is pre-IPO yet has achieved post-IPO valuations. PLTR’s products are still arguably years ahead of their time, meaning that it will take time for its customers to fully understand how to use its products. This is shown clearly by the fact that the 31% revenue growth lagged the 86% growth in total customers. Given everything that is going on right now, it makes sense that customers aren’t getting too adventurous in using PLTR’s products to the full extent. That will inevitably change as they slowly but surely see the tremendous value that PLTR provides.Is Palantir Stock A Good Valuation?It appears that the falling prices in the tech sector have influenced Wall Street’s sentiment toward the stock. In spite of the huge plunge in the stock price, the average rating stands at only 3.25 out of 5.Seeking AlphaThe average price target of $12.22 per share represents only 35% potential upside.Seeking AlphaWe can see below that the average price target has declined rapidly over the past few months alongside the crash in tech stocks.Seeking AlphaIs Now A Good Time To Invest In Palantir?I have a strong belief that the best time to buy stocks is when sentiment is low. The fact that price targets have come down so rapidly is a good indication of the poor sentiment surrounding PLTR stock. While PLTR stock is trading as if it is a tech stock going out of business, the reality is anything but.Recall that PLTR is a best of breed operator helping its customers harness the true value of its data. I view PLTR to be as close as any company to being the enabler of “Skynet” (a Terminator reference).2022 Q1 PresentationPLTR has made the bold claim that it will be the next Amazon Web Services (‘AWS’).2022 Q1 PresentationThat’s clearly an ambitious goal. Yet as data continues to grow, PLTR’s products only become more and more valuable as its customers look to further optimize their businesses in ways that humans alone cannot achieve. PLTR remains the best positioned company to help the world harness the power of artificial intelligence.What Is Palantir's Outlook?Consensus estimates call for around 28% growth through 2024 - noticeably lower than management’s outlook for at least 30% growth over the next three years.Seeking AlphaPLTR’S ability to sustain elevated growth rates for many years is what makes the stock so compelling here.Is PLTR Stock A Buy, Sell, or Hold?The stock is trading at 9x forward sales. That might not seem that cheap, especially considering that PLTR is still not yet profitable on a GAAP basis. Yet as operating leverage takes hold, I expect PLTR to eventually generate robust profit margins. There are already signs of operating leverage taking place. Below we can see the 3-year financial snapshot - operating expenses have already moderated significantly over the past year.2021 10-KI can see PLTR eventually sustaining at least 30% net margins over the long term. Assuming a 1.5x price to earnings growth ratio (‘PEG ratio’), I could see PLTR trading at around 13.5x sales by 2024. That presents 141% potential upside, representing around 40% compounded returns over the next 2.5 years. What are the key risks here? I am not concerned with financial solvency risk due to the cash-rich balance sheet and free cash flow generation. But if the company is unable to realize operating leverage, perhaps due to factors like competition, then it may not produce sufficient GAAP profits to justify an investment over the long term. This is a key risk when investing in any unprofitable company. Over the near term, another risk is if growth rates suddenly decelerate rapidly - this would likely lead to material compression in the valuation multiple. I have the view that PLTR has a long growth runway ahead of it but would be a quick seller if the company was unable to meet its outlook for 30% average growth. I rate the stock a strong buy as the underlying growth and multiple expansion potential both make this a compelling buy at current prices. PLTR is one of the core holdings in the Best of Breed portfolio and one I intend to hold over the long term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089188195,"gmtCreate":1649974469160,"gmtModify":1676534617558,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089188195","repostId":"1171945540","repostType":4,"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089188957,"gmtCreate":1649974459436,"gmtModify":1676534617557,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089188957","repostId":"1171945540","repostType":4,"repost":{"id":"1171945540","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":1649647801,"share":"https://www.laohu8.com/m/news/1171945540?lang=&edition=full","pubTime":"2022-04-11 11:30","market":"us","language":"zh","title":"提醒:耶稣受难日、复活节股市休市安排一览","url":"https://stock-news.laohu8.com/highlight/detail?id=1171945540","media":"老虎资讯综合","summary":"北京时间本周五(4月15日)为耶稣受难日,周日(4月17日)为复活节,届时,许多有基督教信仰的国家和地区的金融市场都将休市。具体安排如下:美股:4月15日(周五)休市,4月18日(下周一)起照常开市","content":"<html><head></head><body><p>北京时间本周五(4月15日)为耶稣受难日,周日(4月17日)为复活节,届时,许多有基督教信仰的国家和地区的金融市场都将休市。具体安排如下:</p><p><img src=\"https://static.tigerbbs.com/4c4d01949c075188e0c02cff3316f608\" tg-width=\"767\" tg-height=\"813\" width=\"100%\" height=\"auto\"/></p><p><b>美股:</b></p><p>4月15日(周五)休市,4月18日(下周一)起照常开市。</p><p><b>港股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>A股:</b></p><p>照常交易</p><p><b>英股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>澳股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>新加坡市场:</b></p><p>4月15日(周五)休市,4月18日(下周一)起照常开市。</p><p><b>沪股通、深股通:</b></p><p>4月14日(周四)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。</p><p><b>港股通:</b></p><p>4月15日(周五)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。</p><p><b>背景简介:</b></p><p>耶稣受难日:耶稣受难日是基督徒纪念耶稣基督被钉在十字架上受难的日子,为复活节前的那个周五。按《圣经-马太福音》的说法,耶稣基督在十字架上受刑死后3天复活,因而设立复活节。该节是每年春分后首次月圆之后的第一个周日,因此没有固定的公历日期,每年的耶稣受难日自然也没有一个固定的公历日子。</p></body></html>","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>提醒:耶稣受难日、复活节股市休市安排一览</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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提醒:耶稣受难日、复活节股市休市安排一览\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">2022-04-11 11:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>北京时间本周五(4月15日)为耶稣受难日,周日(4月17日)为复活节,届时,许多有基督教信仰的国家和地区的金融市场都将休市。具体安排如下:</p><p><img src=\"https://static.tigerbbs.com/4c4d01949c075188e0c02cff3316f608\" tg-width=\"767\" tg-height=\"813\" width=\"100%\" height=\"auto\"/></p><p><b>美股:</b></p><p>4月15日(周五)休市,4月18日(下周一)起照常开市。</p><p><b>港股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>A股:</b></p><p>照常交易</p><p><b>英股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>澳股:</b></p><p>4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。</p><p><b>新加坡市场:</b></p><p>4月15日(周五)休市,4月18日(下周一)起照常开市。</p><p><b>沪股通、深股通:</b></p><p>4月14日(周四)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。</p><p><b>港股通:</b></p><p>4月15日(周五)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。</p><p><b>背景简介:</b></p><p>耶稣受难日:耶稣受难日是基督徒纪念耶稣基督被钉在十字架上受难的日子,为复活节前的那个周五。按《圣经-马太福音》的说法,耶稣基督在十字架上受刑死后3天复活,因而设立复活节。该节是每年春分后首次月圆之后的第一个周日,因此没有固定的公历日期,每年的耶稣受难日自然也没有一个固定的公历日子。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{"399001":"深证成指","399006":"创业板指",".SPX":"S&P 500 Index","HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数",".DJI":"道琼斯","HSCCI":"红筹指数",".IXIC":"NASDAQ Composite","000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171945540","content_text":"北京时间本周五(4月15日)为耶稣受难日,周日(4月17日)为复活节,届时,许多有基督教信仰的国家和地区的金融市场都将休市。具体安排如下:美股:4月15日(周五)休市,4月18日(下周一)起照常开市。港股:4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。A股:照常交易英股:4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。澳股:4月15日(周五)至4月18日(下周一)休市,4月19日(下周二)起照常开市。新加坡市场:4月15日(周五)休市,4月18日(下周一)起照常开市。沪股通、深股通:4月14日(周四)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。港股通:4月15日(周五)至4月18日(下周一)关闭,4月19日(下周二)起照常开通。背景简介:耶稣受难日:耶稣受难日是基督徒纪念耶稣基督被钉在十字架上受难的日子,为复活节前的那个周五。按《圣经-马太福音》的说法,耶稣基督在十字架上受刑死后3天复活,因而设立复活节。该节是每年春分后首次月圆之后的第一个周日,因此没有固定的公历日期,每年的耶稣受难日自然也没有一个固定的公历日子。","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038080208,"gmtCreate":1646697995514,"gmtModify":1676534151378,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038080208","repostId":"2217442427","repostType":2,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097878013,"gmtCreate":1645421094663,"gmtModify":1676534026548,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/9097878013","repostId":"1157712278","repostType":4,"repost":{"id":"1157712278","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":1645065627,"share":"https://www.laohu8.com/m/news/1157712278?lang=&edition=full","pubTime":"2022-02-17 10:40","market":"us","language":"zh","title":"提醒:美股2月21日因华盛顿诞辰休市一天","url":"https://stock-news.laohu8.com/highlight/detail?id=1157712278","media":"老虎资讯综合","summary":"2月21日(周一)是美国的华盛顿诞辰纪念日,美国包括股市和债市在内的金融市场将休市一天。2月22日(周二)美股恢复正常交易。港股、A股、英股、澳股、新加坡照常开市。背景简介:华盛顿诞辰纪念日俗称总统日","content":"<html><head></head><body><p>2月21日(周一)是美国的华盛顿诞辰纪念日,美国包括股市和债市在内的金融市场将休市一天。2月22日(周二)美股恢复正常交易。</p><p>港股、A股、英股、澳股、新加坡照常开市。</p><p><b>背景简介:</b></p><p>华盛顿诞辰纪念日俗称总统日</p><p>1879年美国国会通过的一项法案首次决定将华盛顿诞辰列为联邦节日。1968年生效的《周一节假日法》则将华盛顿诞辰纪念日从每年的2月22日移到2月的第3个周一。但是,包括这一法案在内,美国迄今没有任何法律规定将“华盛顿诞辰纪念日”这一名称正式改为现在更为人所知的“总统日”。民间情况则有所不同,越来越多的美国人已将2月的第3个周一称为“总统日”。</p><p>乔治-华盛顿简介:</p><p><img src=\"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2\" tg-width=\"450\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>乔治-华盛顿最为常见的画像之一</p><p>华盛顿全名乔治-华盛顿(英文George Washington,1732年2月22日-1799年12月14日),1775至1783年美国独立战争时他任大陆军总司令,1789年成为美国第一任总统(同时也成为全世界首位以“总统”为称号的国家元首),在接连两次总统选举中他都获得了全体选举团无异议的一致支持,一直担任美国总统直至1797年。</p><p>1787年他主持美国制宪会议,制定了现在美国宪法的基本框架。他在两届任期中设立了美国许多延续至今的政策和传统。两届任期结束后,他自愿放弃权力不再续任,确立了美国总统任期不超过两届的传统。</p><p>此后华盛顿回复平民生活,隐居在弗农山庄园。由于他在美国独立战争和建国过程中扮演了最重要角色,华盛顿通常被称为美国国父。美国多数学者一般将他和亚伯拉罕-林肯等并列为美国历史上最伟大的总统之一。</p></body></html>","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>提醒:美股2月21日因华盛顿诞辰休市一天</title>\n<style 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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提醒:美股2月21日因华盛顿诞辰休市一天\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">2022-02-17 10:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>2月21日(周一)是美国的华盛顿诞辰纪念日,美国包括股市和债市在内的金融市场将休市一天。2月22日(周二)美股恢复正常交易。</p><p>港股、A股、英股、澳股、新加坡照常开市。</p><p><b>背景简介:</b></p><p>华盛顿诞辰纪念日俗称总统日</p><p>1879年美国国会通过的一项法案首次决定将华盛顿诞辰列为联邦节日。1968年生效的《周一节假日法》则将华盛顿诞辰纪念日从每年的2月22日移到2月的第3个周一。但是,包括这一法案在内,美国迄今没有任何法律规定将“华盛顿诞辰纪念日”这一名称正式改为现在更为人所知的“总统日”。民间情况则有所不同,越来越多的美国人已将2月的第3个周一称为“总统日”。</p><p>乔治-华盛顿简介:</p><p><img src=\"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2\" tg-width=\"450\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>乔治-华盛顿最为常见的画像之一</p><p>华盛顿全名乔治-华盛顿(英文George Washington,1732年2月22日-1799年12月14日),1775至1783年美国独立战争时他任大陆军总司令,1789年成为美国第一任总统(同时也成为全世界首位以“总统”为称号的国家元首),在接连两次总统选举中他都获得了全体选举团无异议的一致支持,一直担任美国总统直至1797年。</p><p>1787年他主持美国制宪会议,制定了现在美国宪法的基本框架。他在两届任期中设立了美国许多延续至今的政策和传统。两届任期结束后,他自愿放弃权力不再续任,确立了美国总统任期不超过两届的传统。</p><p>此后华盛顿回复平民生活,隐居在弗农山庄园。由于他在美国独立战争和建国过程中扮演了最重要角色,华盛顿通常被称为美国国父。美国多数学者一般将他和亚伯拉罕-林肯等并列为美国历史上最伟大的总统之一。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65cb9e79983f7b49037bed99be2c34a2","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157712278","content_text":"2月21日(周一)是美国的华盛顿诞辰纪念日,美国包括股市和债市在内的金融市场将休市一天。2月22日(周二)美股恢复正常交易。港股、A股、英股、澳股、新加坡照常开市。背景简介:华盛顿诞辰纪念日俗称总统日1879年美国国会通过的一项法案首次决定将华盛顿诞辰列为联邦节日。1968年生效的《周一节假日法》则将华盛顿诞辰纪念日从每年的2月22日移到2月的第3个周一。但是,包括这一法案在内,美国迄今没有任何法律规定将“华盛顿诞辰纪念日”这一名称正式改为现在更为人所知的“总统日”。民间情况则有所不同,越来越多的美国人已将2月的第3个周一称为“总统日”。乔治-华盛顿简介:乔治-华盛顿最为常见的画像之一华盛顿全名乔治-华盛顿(英文George Washington,1732年2月22日-1799年12月14日),1775至1783年美国独立战争时他任大陆军总司令,1789年成为美国第一任总统(同时也成为全世界首位以“总统”为称号的国家元首),在接连两次总统选举中他都获得了全体选举团无异议的一致支持,一直担任美国总统直至1797年。1787年他主持美国制宪会议,制定了现在美国宪法的基本框架。他在两届任期中设立了美国许多延续至今的政策和传统。两届任期结束后,他自愿放弃权力不再续任,确立了美国总统任期不超过两届的传统。此后华盛顿回复平民生活,隐居在弗农山庄园。由于他在美国独立战争和建国过程中扮演了最重要角色,华盛顿通常被称为美国国父。美国多数学者一般将他和亚伯拉罕-林肯等并列为美国历史上最伟大的总统之一。","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093359463,"gmtCreate":1643525632614,"gmtModify":1676533828800,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093359463","repostId":"1121905464","repostType":4,"repost":{"id":"1121905464","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":1642411108,"share":"https://www.laohu8.com/m/news/1121905464?lang=&edition=full","pubTime":"2022-01-17 17:18","market":"us","language":"zh","title":"提醒:春节假期主要市场休市安排一览","url":"https://stock-news.laohu8.com/highlight/detail?id=1121905464","media":"老虎资讯综合","summary":"农历新年假期即将来临,部分交易所的开市和收市时间有所变动,敬请各位投资者密切留意。港股:2022年1月31日(星期一)半日交易,下午休市。2022年2月1日(星期二)至2月3日(星期四)休市。美股:","content":"<html><head></head><body><p>农历新年假期即将来临,部分交易所的开市和收市时间有所变动,敬请各位投资者密切留意。<img src=\"https://static.tigerbbs.com/2aef2112c6fa0ba265b518492f29cb15\" tg-width=\"1080\" tg-height=\"1085\" referrerpolicy=\"no-referrer\"/></p><p><b>港股:</b></p><p>2022年1月31日(星期一)半日交易,下午休市。</p><p>2022年2月1日(星期二)至2月3日(星期四)休市。</p><p><b>美股:</b></p><p>照常开市。</p><p><b>A股:</b></p><p>2022年1月31日(星期一)至2月4日(星期五)休市。</p><p><b>澳股:</b></p><p>照常开市。</p><p><b>新加坡市场:</b></p><p>2022年1月31日(星期一)半日交易,下午休市。</p><p>2022年2月1日(星期二)至2月2日(星期三)休市。</p><p><b>港股通:</b></p><p>2022年1月27日(星期四)至2月4日(星期五)不提供港股通服务。</p><p><b>沪股通、深股通:</b></p><p>2022年1月31日(星期一)至2月4日(星期五)不提供服务。</p><p>2022年1月31日(星期一)至2月4日(星期五)不提供服务。</p></body></html>","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>提醒:春节假期主要市场休市安排一览</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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提醒:春节假期主要市场休市安排一览\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">2022-01-17 17:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>农历新年假期即将来临,部分交易所的开市和收市时间有所变动,敬请各位投资者密切留意。<img src=\"https://static.tigerbbs.com/2aef2112c6fa0ba265b518492f29cb15\" tg-width=\"1080\" tg-height=\"1085\" referrerpolicy=\"no-referrer\"/></p><p><b>港股:</b></p><p>2022年1月31日(星期一)半日交易,下午休市。</p><p>2022年2月1日(星期二)至2月3日(星期四)休市。</p><p><b>美股:</b></p><p>照常开市。</p><p><b>A股:</b></p><p>2022年1月31日(星期一)至2月4日(星期五)休市。</p><p><b>澳股:</b></p><p>照常开市。</p><p><b>新加坡市场:</b></p><p>2022年1月31日(星期一)半日交易,下午休市。</p><p>2022年2月1日(星期二)至2月2日(星期三)休市。</p><p><b>港股通:</b></p><p>2022年1月27日(星期四)至2月4日(星期五)不提供港股通服务。</p><p><b>沪股通、深股通:</b></p><p>2022年1月31日(星期一)至2月4日(星期五)不提供服务。</p><p>2022年1月31日(星期一)至2月4日(星期五)不提供服务。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/752af43ca78e3ed4d3be0dbeaf4ea23c","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSTECH":"恒生科技指数",".DJI":"道琼斯","HSCCI":"红筹指数",".IXIC":"NASDAQ Composite","HSCEI":"国企指数","STI.SI":"富时新加坡海峡指数","000001.SH":"上证指数",".SPX":"S&P 500 Index","HSI":"恒生指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121905464","content_text":"农历新年假期即将来临,部分交易所的开市和收市时间有所变动,敬请各位投资者密切留意。港股:2022年1月31日(星期一)半日交易,下午休市。2022年2月1日(星期二)至2月3日(星期四)休市。美股:照常开市。A股:2022年1月31日(星期一)至2月4日(星期五)休市。澳股:照常开市。新加坡市场:2022年1月31日(星期一)半日交易,下午休市。2022年2月1日(星期二)至2月2日(星期三)休市。港股通:2022年1月27日(星期四)至2月4日(星期五)不提供港股通服务。沪股通、深股通:2022年1月31日(星期一)至2月4日(星期五)不提供服务。2022年1月31日(星期一)至2月4日(星期五)不提供服务。","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140836769,"gmtCreate":1625645194851,"gmtModify":1703745532142,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/140836769","repostId":"2149395271","repostType":4,"repost":{"id":"2149395271","pubTimestamp":1625644631,"share":"https://www.laohu8.com/m/news/2149395271?lang=&edition=full","pubTime":"2021-07-07 15:57","market":"us","language":"zh","title":"油价暴涨暴跌,美债创半年新低,发生了什么?","url":"https://stock-news.laohu8.com/highlight/detail?id=2149395271","media":"格隆汇","summary":"供给侧已经开始不稳定。","content":"<p><b>近期国内债市相对平静,然而中国股市、海外市场波动非常大。</b></p>\n<p>7月6日中国股市深V,前期热门股票大幅调整,指数结构分化。</p>\n<p><b>更精彩的是夜盘,让很多报告撕了重写:原油价格暴涨之后暴跌</b>,不仅回吐OPEC分歧涨幅,<b>甚至跌回到一周前</b>;<b>铜价也是在两天反弹之后,回吐所有涨幅</b>;<b>美债则直接创半年新低</b>,10年美债收益率下降至1.35%。</p>\n<h3><b>油价近期上涨逻辑本就有问题</b></h3>\n<p>在解释油价暴跌之前,先解释油价为什么涨。<b>前几天油价上涨的直接原因是OPEC谈不拢,阿联酋希望增加自己的原油产量,然而OPEC不同意</b>,结果是产量维持上一次会议,全都不增加。</p>\n<p><b>这件事情本身就很有意思,OPEC是个限产联盟,限产联盟内部起冲突,结果反而是油价上涨。</b></p>\n<p>市场的主要逻辑是,<b>市场不相信阿联酋能够真的跟OPEC闹翻,所以冲突的结果是增产延期,油价上涨。</b></p>\n<p><b>我们认为,这种上涨本身就忽略了一个问题:供给侧已经开始不稳定。</b></p>\n<p>事实上,这一轮大宗商品价格上涨,相当大程度上与供给侧收缩有关系。</p>\n<p><b>阿联酋跟OPEC吵架,标志着供给侧已经并非铁板一块。</b>当商品价格涨到暴利之时,供给侧的约束必然开始下降,只是以什么形式而已。</p>\n<p><b>在美国非制造业PMI公布之前,油价已经下跌,回吐OPEC分歧之前的所有涨幅,表明市场可能已经意识到炒作供给分歧有问题,或者开始担忧OPEC真正分裂的可能(各自增产)。</b></p>\n<p><img src=\"https://static.tigerbbs.com/01288ec579117802b0fcf885b4e9a279\" tg-width=\"1080\" tg-height=\"693\" referrerpolicy=\"no-referrer\"></p>\n<p>图1 美国非制造业PMI公布之前,原油价格已经跌回去了</p>\n<p><b>此外,白宫新闻称,拜登正在与OPEC谈判,希望达成协议阻止油价上涨。</b></p>\n<p>这与2018年特朗普与沙特谈判如出一辙,高油价并非美国希望看到的:<b>美国当前通胀压力非常大,同时美国页岩油复产不利,美国并未从高油价受益。</b></p>\n<p><b>拜登的干预,可能同样类似2018年特朗普干预,奠定油价顶部。</b></p>\n<h3><b>美国非制造业PMI远不及预期,需求侧担忧重现</b></h3>\n<p><b>美国ISM非制造业PMI公布,仅为60.1,远低于前值64和市场预期63.5。</b>其中,新订单、商业活动、就业指数均明显下行,特别是就业指数从55.3下行至49.3,跌破50荣枯线,反映美国就业改善并不及预期。</p>\n<p><b>结合非农就业数据看,6月失业率仍然为5.9%的高位,且高于5月。</b>无论怎么解释劳动参与率和主动离职,总失业率仍高,是不争的事实,且并未看到加速改善,反而似乎已经半年没有实质进展。</p>\n<p><b>疫情前,美国失业率仅为3.5%左右,目前在6%左右,美国经济畸形可见一斑:</b>一边是商品价格飙涨,房价飙涨,另一边则是失业率处于历史高位,贸易逆差连续创纪录。</p>\n<p><b>很多人说中国滞胀,实际上美国才真的是滞胀。</b></p>\n<p><img src=\"https://static.tigerbbs.com/15847d6952c69ff9f86096e9853c0029\" tg-width=\"1080\" tg-height=\"620\" referrerpolicy=\"no-referrer\"></p>\n<p>图2 美国失业率仍远高于疫情前</p>\n<p><img src=\"https://static.tigerbbs.com/512b2f16eeed53524eff7d3f756244c8\" tg-width=\"1080\" tg-height=\"638\" referrerpolicy=\"no-referrer\"></p>\n<p>图3 美国制造业、非制造业PMI均下行</p>\n<p>值得注意的是,原油跌、铜跌、美债收益率下的时间早于非制造业PMI公布,如前所述,我们认为主要因为市场开始意识到炒作“OPEC内部冲突导致油价”有问题,导致通胀预期下行。</p>\n<p>在非制造业PMI公布之后,市场又开始担忧需求侧,加剧下行趋势。</p>\n<p><b>总体上看,我们认为,夜盘变化的核心是,市场从关注OPEC的供给端,变为关注需求端,全球复苏担忧再次主导海外市场。</b></p>\n<h3><b>美债下行主因实际利率下行</b></h3>\n<p>美债此轮下行与6月中旬美联储议息会议时期并不相同,从结构看,<b>近期的美债收益率下行与通胀预期无关,主要是美债实际利率下行,即对经济增长担忧。</b></p>\n<p><img src=\"https://static.tigerbbs.com/09ab8b27c77264fbb67a5da06e95ca44\" tg-width=\"1080\" tg-height=\"637\" referrerpolicy=\"no-referrer\"></p>\n<p>图4 美债收益率下行的两阶段</p>\n<p><b>5月以来的美债收益率下行可以清晰地分成两阶段:</b></p>\n<blockquote>\n <b>第一阶段,美债通胀预期下行,主要与铜价拐头向下有关</b>\n <b>。</b>\n</blockquote>\n<blockquote>\n <b>第二阶段,美债实际利率下行,</b>从美联储6月议息会议短暂冲高之后,一路下行,目前已经下行至2月以来最低点。\n</blockquote>\n<p><b>从美债隐含的预期来看,一方面,通胀预期已经见顶回落,另一方面,对于全球经济已经开始出现担忧。</b></p>\n<p>从美国经济数据看,除非制造业PMI远不及预期之外,还有<b>消费数据边际走弱、房地产数据出现分化</b>等等。</p>\n<p>同时,<b>美国很多州已经提前结束疫情补贴,拜登的基建计划一砍再砍</b>,对全球经济担忧并不是空穴来风。</p>\n<p><b>从美债看,这应该是跟市场预期差异最大的品种,市场普遍预期美债收益率上行至2%甚至更高,然而美债收益率却一路下行至半年新低。</b></p>\n<p><b>我们认为,中债也会如此。</b>目前市场看空中债情绪仍重,但大概率会同样超市场预期。</p>\n<h3><b>继续看好中债,十年国债必破3%</b></h3>\n<p>回到中国债市,最近市场波动非常小,3.08%左右的十年国债已经震荡了两周,在5月前低略高一些的位置陷入僵局。</p>\n<p><img src=\"https://static.tigerbbs.com/4f680d04dbf9fd931e02fd6f3048e16d\" tg-width=\"1080\" tg-height=\"630\" referrerpolicy=\"no-referrer\"></p>\n<p>图5 中国债券收益率短期陷入僵局</p>\n<p><b>空头的逻辑主要是:第N次担忧通胀,第N次担忧地方债供给,第N次担忧资金面,以及一直认为的韧性,经济不会明显下行。</b></p>\n<p><b>空头的逻辑实际在3月以来,每个月都会出现一遍,然后提供债市买点,然后收益率下行。</b></p>\n<p><b>多头的逻辑其实在变多:</b></p>\n<p><b>一方面,</b>央行维稳资金面意图越来越明确,7月生日之后如果仍未出现市场担忧的资金利率趋势上行,那么空头的逻辑将再次被证伪,<b>R007在2.2%政策利率左右,是长期而不是短期的,将成为市场共识;</b></p>\n<p><b>另一方面,基本面的利好在逐渐增多。</b></p>\n<p><b>从国内看,</b>挖掘机、重卡、汽车销量均明显走弱,PMI连续下行,消费并未见明显起色;</p>\n<p><b>从国外看,</b>担忧全球经济复苏的声音已经开始出现,并已经反映在铜价跌(与中国经济更相关)、美债收益率下行。</p>\n<p><b>我们认为,中国债市将在三季度破局,十年国债收益率将有效突破3%。</b></p>\n<p>维持年底十年国债收益率2.8-2.9%的判断不变,<b>维持今年3月以来提出的“债牛已至”观点不变。</b></p>","source":"gelonghui_highlight","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>油价暴涨暴跌,美债创半年新低,发生了什么?</title>\n<style 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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油价暴涨暴跌,美债创半年新低,发生了什么?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 15:57 北京时间 <a href=http://www.gelonghui.com/p/473944><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近期国内债市相对平静,然而中国股市、海外市场波动非常大。\n7月6日中国股市深V,前期热门股票大幅调整,指数结构分化。\n更精彩的是夜盘,让很多报告撕了重写:原油价格暴涨之后暴跌,不仅回吐OPEC分歧涨幅,甚至跌回到一周前;铜价也是在两天反弹之后,回吐所有涨幅;美债则直接创半年新低,10年美债收益率下降至1.35%。\n油价近期上涨逻辑本就有问题\n在解释油价暴跌之前,先解释油价为什么涨。前几天油价上涨的...</p>\n\n<a href=\"http://www.gelonghui.com/p/473944\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d4eb38b95a6b8cf963d8108ff90eb2e3","relate_stocks":{"SHY":"债券指数ETF-iShares Barclays 1-3年国债","IEF":"债券指数ETF-iShares Barclays 7-10年","BND":"债券指数ETF-Vanguard美国","IEI":"iShares Barclays 3-7 Year Trea","TLT":"20+年以上美国国债ETF-iShares","GOVT":"iShares安硕核心美国国债ETF"},"source_url":"http://www.gelonghui.com/p/473944","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2149395271","content_text":"近期国内债市相对平静,然而中国股市、海外市场波动非常大。\n7月6日中国股市深V,前期热门股票大幅调整,指数结构分化。\n更精彩的是夜盘,让很多报告撕了重写:原油价格暴涨之后暴跌,不仅回吐OPEC分歧涨幅,甚至跌回到一周前;铜价也是在两天反弹之后,回吐所有涨幅;美债则直接创半年新低,10年美债收益率下降至1.35%。\n油价近期上涨逻辑本就有问题\n在解释油价暴跌之前,先解释油价为什么涨。前几天油价上涨的直接原因是OPEC谈不拢,阿联酋希望增加自己的原油产量,然而OPEC不同意,结果是产量维持上一次会议,全都不增加。\n这件事情本身就很有意思,OPEC是个限产联盟,限产联盟内部起冲突,结果反而是油价上涨。\n市场的主要逻辑是,市场不相信阿联酋能够真的跟OPEC闹翻,所以冲突的结果是增产延期,油价上涨。\n我们认为,这种上涨本身就忽略了一个问题:供给侧已经开始不稳定。\n事实上,这一轮大宗商品价格上涨,相当大程度上与供给侧收缩有关系。\n阿联酋跟OPEC吵架,标志着供给侧已经并非铁板一块。当商品价格涨到暴利之时,供给侧的约束必然开始下降,只是以什么形式而已。\n在美国非制造业PMI公布之前,油价已经下跌,回吐OPEC分歧之前的所有涨幅,表明市场可能已经意识到炒作供给分歧有问题,或者开始担忧OPEC真正分裂的可能(各自增产)。\n\n图1 美国非制造业PMI公布之前,原油价格已经跌回去了\n此外,白宫新闻称,拜登正在与OPEC谈判,希望达成协议阻止油价上涨。\n这与2018年特朗普与沙特谈判如出一辙,高油价并非美国希望看到的:美国当前通胀压力非常大,同时美国页岩油复产不利,美国并未从高油价受益。\n拜登的干预,可能同样类似2018年特朗普干预,奠定油价顶部。\n美国非制造业PMI远不及预期,需求侧担忧重现\n美国ISM非制造业PMI公布,仅为60.1,远低于前值64和市场预期63.5。其中,新订单、商业活动、就业指数均明显下行,特别是就业指数从55.3下行至49.3,跌破50荣枯线,反映美国就业改善并不及预期。\n结合非农就业数据看,6月失业率仍然为5.9%的高位,且高于5月。无论怎么解释劳动参与率和主动离职,总失业率仍高,是不争的事实,且并未看到加速改善,反而似乎已经半年没有实质进展。\n疫情前,美国失业率仅为3.5%左右,目前在6%左右,美国经济畸形可见一斑:一边是商品价格飙涨,房价飙涨,另一边则是失业率处于历史高位,贸易逆差连续创纪录。\n很多人说中国滞胀,实际上美国才真的是滞胀。\n\n图2 美国失业率仍远高于疫情前\n\n图3 美国制造业、非制造业PMI均下行\n值得注意的是,原油跌、铜跌、美债收益率下的时间早于非制造业PMI公布,如前所述,我们认为主要因为市场开始意识到炒作“OPEC内部冲突导致油价”有问题,导致通胀预期下行。\n在非制造业PMI公布之后,市场又开始担忧需求侧,加剧下行趋势。\n总体上看,我们认为,夜盘变化的核心是,市场从关注OPEC的供给端,变为关注需求端,全球复苏担忧再次主导海外市场。\n美债下行主因实际利率下行\n美债此轮下行与6月中旬美联储议息会议时期并不相同,从结构看,近期的美债收益率下行与通胀预期无关,主要是美债实际利率下行,即对经济增长担忧。\n\n图4 美债收益率下行的两阶段\n5月以来的美债收益率下行可以清晰地分成两阶段:\n\n第一阶段,美债通胀预期下行,主要与铜价拐头向下有关\n。\n\n\n第二阶段,美债实际利率下行,从美联储6月议息会议短暂冲高之后,一路下行,目前已经下行至2月以来最低点。\n\n从美债隐含的预期来看,一方面,通胀预期已经见顶回落,另一方面,对于全球经济已经开始出现担忧。\n从美国经济数据看,除非制造业PMI远不及预期之外,还有消费数据边际走弱、房地产数据出现分化等等。\n同时,美国很多州已经提前结束疫情补贴,拜登的基建计划一砍再砍,对全球经济担忧并不是空穴来风。\n从美债看,这应该是跟市场预期差异最大的品种,市场普遍预期美债收益率上行至2%甚至更高,然而美债收益率却一路下行至半年新低。\n我们认为,中债也会如此。目前市场看空中债情绪仍重,但大概率会同样超市场预期。\n继续看好中债,十年国债必破3%\n回到中国债市,最近市场波动非常小,3.08%左右的十年国债已经震荡了两周,在5月前低略高一些的位置陷入僵局。\n\n图5 中国债券收益率短期陷入僵局\n空头的逻辑主要是:第N次担忧通胀,第N次担忧地方债供给,第N次担忧资金面,以及一直认为的韧性,经济不会明显下行。\n空头的逻辑实际在3月以来,每个月都会出现一遍,然后提供债市买点,然后收益率下行。\n多头的逻辑其实在变多:\n一方面,央行维稳资金面意图越来越明确,7月生日之后如果仍未出现市场担忧的资金利率趋势上行,那么空头的逻辑将再次被证伪,R007在2.2%政策利率左右,是长期而不是短期的,将成为市场共识;\n另一方面,基本面的利好在逐渐增多。\n从国内看,挖掘机、重卡、汽车销量均明显走弱,PMI连续下行,消费并未见明显起色;\n从国外看,担忧全球经济复苏的声音已经开始出现,并已经反映在铜价跌(与中国经济更相关)、美债收益率下行。\n我们认为,中国债市将在三季度破局,十年国债收益率将有效突破3%。\n维持年底十年国债收益率2.8-2.9%的判断不变,维持今年3月以来提出的“债牛已至”观点不变。","news_type":1},"isVote":1,"tweetType":1,"viewCount":339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157369302,"gmtCreate":1625566488406,"gmtModify":1703743874313,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Gd","listText":"Gd","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157369302","repostId":"1122605168","repostType":4,"repost":{"id":"1122605168","pubTimestamp":1625565918,"share":"https://www.laohu8.com/m/news/1122605168?lang=&edition=full","pubTime":"2021-07-06 18:05","market":"sh","language":"zh","title":"苏宁易购重组尘埃落定,张近东还剩下多少股权?","url":"https://stock-news.laohu8.com/highlight/detail?id=1122605168","media":"BT财经","summary":"苏宁易购流动性问题和融资环境有机会迎来生机,经营情况不佳的底盘仍亟待修复。\n深圳国资退出、江苏国资“拉群”入场,苏宁易购(002024.SZ)的股权重组方案似乎正在走向尘埃落定的终章。\n7月5日晚,苏","content":"<p>苏宁易购流动性问题和融资环境有机会迎来生机,经营情况不佳的底盘仍亟待修复。</p>\n<p>深圳国资退出、江苏国资“拉群”入场,苏宁易购(002024.SZ)的股权重组方案似乎正在走向尘埃落定的终章。</p>\n<p>7月5日晚,苏宁易购披露了此次权益变动的公告。次日开盘,公司股价一路上涨封板,此时公司股价已经在债务风雨中飘摇阴跌近一年。</p>\n<p>零售板块得到纾困,将成“苏宁系”债务危机的转折点,还是“杯水车薪”的挣扎?收敛了扩张野心、一心只想活下去的苏宁,能否如愿?</p>\n<p><b>01</b></p>\n<p><b>公司将进入无实际控制人状态</b></p>\n<p>公告显示,2021年6月23日新成立的江苏新新零售创新基金二期(有限合伙),将会获得苏宁易购16.96%的股权。<b>这些股权的转让方是苏宁控股集团和苏宁电器集团,转让价格为5.59元/股,和此前停牌时的股价一致</b>。</p>\n<p>江苏新新零售创新基金二期(有限合伙)的背后,是江苏省和南京市国资的牵头,聚集了华泰证券、阿里、海尔、美的、TCL、小米等企业的参与,总规模达到88.3亿元。</p>\n<p>除了资金外,此次股权重组也将给苏宁易购带来授信支持。公告显示,基金将支持公司应对流动性问题、稳定企业融资环境等,在江苏和南京方面的协调下,<b>江苏省内的金融机构将“恢复苏宁易购的授信至合理水平”</b>。</p>\n<p>据《中国证券报》,在股权洗牌后,张近东和其一致行动人苏宁控股仍将是苏宁易购的第一大股东,持股比例降低至20.35%,淘宝中国持股比例仍为19.99%,江苏新新零售基金二期和江苏新新零售创新基金分别持股16.96%、5.59%。</p>\n<p>董事会席位方面,苏宁让出两个席位,当前六名非独董事中苏宁、淘宝和新新零售基金二期各占两位。</p>\n<p>重组后,公司将无持股超50%的控股股东或支配公司表决权的股东,因此<b>苏宁易购将进入无实际控制人状态</b>。</p>\n<p>怎样理解“无实际控制人状态”的上市公司?</p>\n<p>BT财经翻阅资料发现,无实际控制人状态的公司治下,决策将更能体现全体股东、而非某个股东的利益,能够有效避免单独股东利己现象的发生,<b>但大股东控制力不足,将影响公司决策效率,且有被拖入旷日持久的控制权争夺战的风险</b>。</p>\n<p>原先火速入场的深圳国资则与苏宁易购“和平分手”,双方终止协议均不承担违约责任,并留话“继续探索物流方面的合作机会”。常年“霸榜”江苏省民企头把交椅的苏宁,如今获得了当地国资的加持。这会帮助公司焕发生机吗?</p>\n<p><b>02</b></p>\n<p><b>业绩底盘不稳,能否如愿新生?</b></p>\n<p>苏宁易购作为一家上市公司,在苏宁系中扮演了重要的融资角色。<b>虽然从财务层面隔离资金在关联公司内的流动并非难事,但落到实操角度仍有不确定性</b>,毕竟苏宁系的庞杂的债务不止分布在上市实体苏宁易购上。此次纾困入场的国资将会保全苏宁易购、还是拯救整个苏宁系,再或者落得杯水车薪的效果?当下难以定论。</p>\n<p>7月5日苏宁易购还预告了<b>上半年业绩,预计期间净亏损25亿元—32亿元,较2020年同期的亏损1.67亿元巨幅扩大</b>。据《中国证券报》,苏宁易购二季度营收预期下滑超30%,加上相对刚性的费用支出,是导致二季度亏损较大的原因。</p>\n<p>此前发布的一季度报告里,苏宁易购虽然扭亏为盈,但是营收同比下降,扭亏依靠资产出售,扣非后亏损超9亿元。</p>\n<p><img src=\"https://static.tigerbbs.com/abfef0861e8b8e9319d9bc37f76a0508\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>从应对策略来看,苏宁采取了收敛火力、聚焦主业的行动。此前大手笔投资PPTV、布局快递业务、接盘商业地产、吞下万达百货和家乐福中国、入局金融等一系列扩张行为,是苏宁债务危机爆发的伏笔。2020年起,苏宁终于回头聚焦零售主业,张近东提出“该关的关、该砍的砍”,令市场期待苏宁瘦身成功、轻装上阵。</p>\n<p>虽然国资入股后,有对苏宁的乐观态度重燃,<b>但归根结底仍要看苏宁能否利用这次契机提振业务、缩减支出、将现金流重新拉回到健康的轨道上</b>。曾经靠出售阿里股权保持盈利的苏宁易购,已经多年来没有靠主业盈利,常年低迷的股价已经反映出市场信心。</p>\n<p>从竞争格局上来看,苏宁易购依然是家电行业不容忽视的渠道,线下份额稳固、线上份额持续扩张。不过京东、淘宝和新秀拼多多各自雄踞市场一隅,加上国美黄光裕回归、试图续写零售神话,苏宁面临激烈的竞争环境。</p>\n<p>正如电视剧《上海滩》续集里的镜头,大佬回归后发现江湖还是那个江湖,但早已物是人非。曾经恨之入骨的死对头已经是后院起火焦头烂额,曾经瞧不起的小兄弟却成了新霸主。大佬最后的身影,就是深吸一口烟,然后决定在这个风云变幻的时代,好好活下去。</p>\n<p>真正考验苏宁看家本领的绝地求生之路,才刚刚开始。</p>","source":"lsy1588993976395","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 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float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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苏宁易购重组尘埃落定,张近东还剩下多少股权?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 18:05 北京时间 <a href=https://mp.weixin.qq.com/s/B5B9_p8cPgfpUYLmGjP_Qg><strong>BT财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>苏宁易购流动性问题和融资环境有机会迎来生机,经营情况不佳的底盘仍亟待修复。\n深圳国资退出、江苏国资“拉群”入场,苏宁易购(002024.SZ)的股权重组方案似乎正在走向尘埃落定的终章。\n7月5日晚,苏宁易购披露了此次权益变动的公告。次日开盘,公司股价一路上涨封板,此时公司股价已经在债务风雨中飘摇阴跌近一年。\n零售板块得到纾困,将成“苏宁系”债务危机的转折点,还是“杯水车薪”的挣扎?收敛了扩张野心、...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/B5B9_p8cPgfpUYLmGjP_Qg\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0d50adef78661cf7061e9c63a8cbe688","relate_stocks":{"002024":"ST易购"},"source_url":"https://mp.weixin.qq.com/s/B5B9_p8cPgfpUYLmGjP_Qg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122605168","content_text":"苏宁易购流动性问题和融资环境有机会迎来生机,经营情况不佳的底盘仍亟待修复。\n深圳国资退出、江苏国资“拉群”入场,苏宁易购(002024.SZ)的股权重组方案似乎正在走向尘埃落定的终章。\n7月5日晚,苏宁易购披露了此次权益变动的公告。次日开盘,公司股价一路上涨封板,此时公司股价已经在债务风雨中飘摇阴跌近一年。\n零售板块得到纾困,将成“苏宁系”债务危机的转折点,还是“杯水车薪”的挣扎?收敛了扩张野心、一心只想活下去的苏宁,能否如愿?\n01\n公司将进入无实际控制人状态\n公告显示,2021年6月23日新成立的江苏新新零售创新基金二期(有限合伙),将会获得苏宁易购16.96%的股权。这些股权的转让方是苏宁控股集团和苏宁电器集团,转让价格为5.59元/股,和此前停牌时的股价一致。\n江苏新新零售创新基金二期(有限合伙)的背后,是江苏省和南京市国资的牵头,聚集了华泰证券、阿里、海尔、美的、TCL、小米等企业的参与,总规模达到88.3亿元。\n除了资金外,此次股权重组也将给苏宁易购带来授信支持。公告显示,基金将支持公司应对流动性问题、稳定企业融资环境等,在江苏和南京方面的协调下,江苏省内的金融机构将“恢复苏宁易购的授信至合理水平”。\n据《中国证券报》,在股权洗牌后,张近东和其一致行动人苏宁控股仍将是苏宁易购的第一大股东,持股比例降低至20.35%,淘宝中国持股比例仍为19.99%,江苏新新零售基金二期和江苏新新零售创新基金分别持股16.96%、5.59%。\n董事会席位方面,苏宁让出两个席位,当前六名非独董事中苏宁、淘宝和新新零售基金二期各占两位。\n重组后,公司将无持股超50%的控股股东或支配公司表决权的股东,因此苏宁易购将进入无实际控制人状态。\n怎样理解“无实际控制人状态”的上市公司?\nBT财经翻阅资料发现,无实际控制人状态的公司治下,决策将更能体现全体股东、而非某个股东的利益,能够有效避免单独股东利己现象的发生,但大股东控制力不足,将影响公司决策效率,且有被拖入旷日持久的控制权争夺战的风险。\n原先火速入场的深圳国资则与苏宁易购“和平分手”,双方终止协议均不承担违约责任,并留话“继续探索物流方面的合作机会”。常年“霸榜”江苏省民企头把交椅的苏宁,如今获得了当地国资的加持。这会帮助公司焕发生机吗?\n02\n业绩底盘不稳,能否如愿新生?\n苏宁易购作为一家上市公司,在苏宁系中扮演了重要的融资角色。虽然从财务层面隔离资金在关联公司内的流动并非难事,但落到实操角度仍有不确定性,毕竟苏宁系的庞杂的债务不止分布在上市实体苏宁易购上。此次纾困入场的国资将会保全苏宁易购、还是拯救整个苏宁系,再或者落得杯水车薪的效果?当下难以定论。\n7月5日苏宁易购还预告了上半年业绩,预计期间净亏损25亿元—32亿元,较2020年同期的亏损1.67亿元巨幅扩大。据《中国证券报》,苏宁易购二季度营收预期下滑超30%,加上相对刚性的费用支出,是导致二季度亏损较大的原因。\n此前发布的一季度报告里,苏宁易购虽然扭亏为盈,但是营收同比下降,扭亏依靠资产出售,扣非后亏损超9亿元。\n\n从应对策略来看,苏宁采取了收敛火力、聚焦主业的行动。此前大手笔投资PPTV、布局快递业务、接盘商业地产、吞下万达百货和家乐福中国、入局金融等一系列扩张行为,是苏宁债务危机爆发的伏笔。2020年起,苏宁终于回头聚焦零售主业,张近东提出“该关的关、该砍的砍”,令市场期待苏宁瘦身成功、轻装上阵。\n虽然国资入股后,有对苏宁的乐观态度重燃,但归根结底仍要看苏宁能否利用这次契机提振业务、缩减支出、将现金流重新拉回到健康的轨道上。曾经靠出售阿里股权保持盈利的苏宁易购,已经多年来没有靠主业盈利,常年低迷的股价已经反映出市场信心。\n从竞争格局上来看,苏宁易购依然是家电行业不容忽视的渠道,线下份额稳固、线上份额持续扩张。不过京东、淘宝和新秀拼多多各自雄踞市场一隅,加上国美黄光裕回归、试图续写零售神话,苏宁面临激烈的竞争环境。\n正如电视剧《上海滩》续集里的镜头,大佬回归后发现江湖还是那个江湖,但早已物是人非。曾经恨之入骨的死对头已经是后院起火焦头烂额,曾经瞧不起的小兄弟却成了新霸主。大佬最后的身影,就是深吸一口烟,然后决定在这个风云变幻的时代,好好活下去。\n真正考验苏宁看家本领的绝地求生之路,才刚刚开始。","news_type":1},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199599612,"gmtCreate":1620714800136,"gmtModify":1704347199032,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/199599612","repostId":"2134165024","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190525906,"gmtCreate":1620636383805,"gmtModify":1704345899973,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190525906","repostId":"1141879376","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107378892,"gmtCreate":1620448188116,"gmtModify":1704343907711,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/107378892","repostId":"2133368561","repostType":4,"repost":{"id":"2133368561","pubTimestamp":1620445060,"share":"https://www.laohu8.com/m/news/2133368561?lang=&edition=full","pubTime":"2021-05-08 11:37","market":"us","language":"zh","title":"晒完数据,EPIC与苹果的争斗很现实","url":"https://stock-news.laohu8.com/highlight/detail?id=2133368561","media":"钛媒体","summary":"02如果剥离掉行业健康发展的诉求,EPIC与苹果谷歌刚正面的行为则更加现实。根据庭审披露,索尼是唯一一家要求跨平台游戏要补偿损失的平台,EPIC对于收入最高的平台选择的做法是赔钱赎身而不是现在的对抗。03事实上,EPIC本轮与苹果的远不只是占比7%的《堡垒之夜》,EGS是EPIC业务发展的重中之重。2020年EPIC投入大约4.44亿美元,用以签订EGS的独占合作协议。","content":"<p><img src=\"https://static.tigerbbs.com/122bd59ac9f1bd3497a9973d2beeec3e\" tg-width=\"1399\" tg-height=\"787\" referrerpolicy=\"no-referrer\"></p>\n<p>文 | Gamewower</p>\n<p><b>剥离掉为行业请命的大义,EPIC Games选择暂时牺牲《堡垒之夜》移动端潜力的战略意图显露无疑。</b></p>\n<p>有这么个经典笑话梗:假如你有一百万你捐么?我捐。</p>\n<p>假如你有一头牛你捐么?不捐,</p>\n<p>为什么你愿意捐一百万,一头牛不愿意捐呢?因为我真有一头牛!</p>\n<p>EPIC向<a href=\"https://laohu8.com/S/AAPL\">苹果</a><a href=\"https://laohu8.com/S/GOOG\">谷歌</a>开炮甚至对簿公堂,除了为行业请命的大义,掀桌子无疑是加速洗牌、借机上位的最直接做法。之前部分外媒甚至用“Troublemaker”来形容Epic Games。随着本月初苹果和 Epic Games 的案件在美国加利福尼亚州的奥克兰揭开序幕,相比庭审的你来我往,晒出的内幕数据让围观群众直呼过瘾。</p>\n<p>根据双方公布的文件显示,《堡垒之夜》在2018年、2019年为Epic带来了超过90亿美元的收入。根据其CEO Tim Sweeney提供的证词,《堡垒之夜》2020年的收入达到了51亿美元。</p>\n<p><b>然而《堡垒之夜》被苹果下架之前,它在iOS端的收入仅为7亿美元</b>,2018年3月至2020年7月,iOS方面仅占总收入的7%,安卓只有0.5%。</p>\n<p>Epic表示2020年iOS端的收入将会减少到5.8%。日活跃用户中苹果仅占10%。</p>\n<p>就和“我真有一头牛”一样,在手游市场发展如火如荼,大家都以为EPIC和苹果谷歌刚正面是壮士断腕,而《堡垒之夜》短期的收入影响并没有那么大。在EPIC看来,牺牲这10%不到的收入来掀桌子是可以接受的决策。</p>\n<p>另一方面,战略上更看重主机PC和商城平台业务,对移动市场放松甚至暂时牺牲的做法某种程度也影响了其发展。EPIC Games在4月宣布完成新一轮融资估值达到287亿美元,而老对手Unity重视移动端依靠移动广告平台Unity Ads的蓬勃发展,最新市值也接近250亿美元。<b>01</b></p>\n<p>EPIC Games是典型的与创始人形象绑定并以其为主导的对外形象。高调发言,对外开炮是创始人Tim Sweeney常干的事。当然,根据Tim的说法是一直都看不惯游戏行业抽成过高,不利于行业健康发展才这么干。受到创始人的直接影响,Epic Games在行业中“斗士”人设越发清晰,引擎技术商、研发商、平台都是其标签之一。</p>\n<p>作为后来者,除了默默积蓄力量来应对竞争,掀桌子无疑事最激烈的做法,为此EPIC需要寻找一个由头,来获得开发者和玩家群体的支持。Epic Games得出的结论是,在公众形象方面,苹果脸皮可能会很薄。公司一份备忘录指出:“<b>除了来自消费者层面的巨大压力,没有什么能让苹果做出改变。</b>”</p>\n<p>去年9月,Epic联合12家公司共同成立了“应用程序公平联盟”(Coalition for App Fairness,简称CAF),涉及范围扩散到了音乐、社交、购物、在线支付、健身等领域,目前官网公布成员接近50个,国内TapTap也在其中。</p>\n<p>在帮助行业更健康发展的大义下,无论是呼吁平台降低分成、EGS(EPIC游戏商城)独占还是免费送,本质上都是打价格战来获取开发者和玩家的支持。</p>\n<p>对于开发者而言,平台分成当然是越低越好。如果苹果败诉,那么类似的要求、做法和诉讼将接踵而至。对消费者来说,能够用更低的价格享受同等的服务,也是好事一件。顺便一提的是,</p>\n<p>国内某游戏平台策略其实和EPIC相似,同样是创始人热衷于发声。<b>02</b></p>\n<p>如果剥离掉行业健康发展的诉求,EPIC与苹果谷歌刚正面的行为则更加现实。</p>\n<p>上文提到,EPIC认为只有消费者给予的压力才会让苹果妥协,为此去年第一时间就提起了诉讼,并立即发布了模仿苹果曾经的《1984》宣传片的视频来嘲讽其垄断的做法,同时在社交媒体上发动玩家。根据披露,Epic将针对苹果和谷歌的诉讼称为“自由计划”,在公司内部,大约有100~200名员工参与了这项计划。Epic知道当他们违反苹果的规则时,公众不一定会表达同情,并且担心会被公众指责,花了30万美元雇佣了一家公关公司为“自由计划”造势。</p>\n<p><img src=\"https://static.tigerbbs.com/de448eec9e4c59801c2c35514adcb607\" tg-width=\"1399\" tg-height=\"760\" referrerpolicy=\"no-referrer\"></p>\n<p>苹果在庭审中提出了这样一个问题,堡垒之夜可在iphone、Xbox、Switch、PC跨平台游戏,但Epic却未指责其他三个平台。采用30%的分成并非苹果的特有举措,Epic的主张将会殃及其他平台的生态。</p>\n<p><img src=\"https://static.tigerbbs.com/a2473eff26a354e9ab84014646cfc63c\" tg-width=\"1399\" tg-height=\"776\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6e3c7f88d62190567cf0ddd050f905a5\" tg-width=\"1399\" tg-height=\"791\" referrerpolicy=\"no-referrer\"></p>\n<p>这就是经典我真有一头牛的写照。从披露的《堡垒之夜》收入结构来看,2018年3月至2020年7月, PS4、Xbox One平台分别占《堡垒之夜》总收入的46.8%和27.5%,iOS排名第五,仅占总收入的7%,安卓甚至只有0.5%。Epic表示2020年iOS端的收入将会减少到5.8%。日活跃用户中苹果仅占10%。</p>\n<p>显然在EPIC看来,如果暂时牺牲这部分的用户和收入,来换取在移动平台撕开口子打开局面的结果,是一笔划算的买卖。</p>\n<p>而对于最主要的收入平台,PS,EPIC则是另一幅态度。2017年,《堡垒之夜》推行跨平台互联时,<a href=\"https://laohu8.com/S/SNE\">索尼</a>的态度是保守的。</p>\n<p><b>根据庭审披露,<a href=\"https://laohu8.com/S/SONY\">索尼</a>是唯一一家要求跨平台游戏要补偿损失的平台</b>,EPIC对于收入最高的平台选择的做法是赔钱赎身而不是现在的对抗。随后索尼先后两次向Epic Games投资包括最新一轮中投资约2亿美元,成为更加紧密的合作关系。这里可以对比米哈游《原神》,虽然登陆PS平台其账号是不互通的。</p>\n<p>Epic律师在庭审时询问Tim Sweeney,是否会接受苹果提供的削减应用和应用内购买佣金的“特殊协议”,“如果苹果已经告诉你这项协议只限于你,不包含其他开发者,你会接受吗?”“是的,我会的。”<b>03</b></p>\n<p>事实上,EPIC本轮与苹果的远不只是占比7%的《堡垒之夜》,EGS是EPIC业务发展的重中之重。</p>\n<p>去年6月接受媒体采访,Tim Sweeney表示Epic Game Store制定了宏伟的计划,</p>\n<p><b>首先就是移动端,包括Epic Games Store在iOS和安卓平台的推出。</b></p>\n<p>这一目标的实现恰恰是苹果明令禁止的,这也成为二者庭审碰撞的关键,围绕EGS的披露不可避免。</p>\n<p><img src=\"https://static.tigerbbs.com/aab01b57c14a38171cab62145abad386\" tg-width=\"1400\" tg-height=\"1387\" referrerpolicy=\"no-referrer\"></p>\n<p>根据苹果方面的说法,EGS在2019年亏损1.81亿美元,去年亏损额预计约为2.73亿美元,而今年的亏损额可能会达到1.39亿美元......如果算上签约独占游戏的成本和其他费用,到2021年底,EGS的累计亏损额将会接近6亿美元。</p>\n<p>更低的分成、限免、独占、保证金买断……EGS的发展本质上就是让利赚用户。文件显示,<b>截至2019年10月,Epic Games Store获得的1850万用户中,只有7%的用户付费购买游戏。</b></p>\n<p>2020年EPIC投入大约4.44亿美元,用以签订EGS的独占合作协议。</p>\n<p><b>举个例子,Epic以150万美元买断《蝙蝠侠:阿卡姆合集》,领取用户中新增为61.39万,约等于新增获客成本为2.44美元。</b></p>\n<p>Epic表示,对于苹果提到的“亏损”,Epic更愿意将它理解为“投资”。这些投资都是Epic整体计划中的一部分,并且Epic相信,12%的平台分成足以支撑EGS长期运营。“考虑到商店目前的规模和发展阶段,EGS还无法盈利,因为我们需要为了获取市场份额支付营销和用户获取成本。</p>\n<p><img src=\"https://static.tigerbbs.com/a0a49f3506635f29c826aea9990a13ec\" tg-width=\"1398\" tg-height=\"473\" referrerpolicy=\"no-referrer\"></p>\n<p>对于EGS想要在移动平台搞事的想法,苹果自然是严防死守,而对于EPIC而言,EGS仍然长期处于需要输血的状态,《堡垒之夜》无疑是最关键的现金牛。即便是出于EGS的未来发展总要和苹果谷歌有所一战,那么索性现在牺牲《堡垒之夜》占比少的移动平台为这张战斗铺路对EPIC Games也未尝不可。</p>\n<p>然而这种策略上牺牲对于《堡垒之夜》在移动端业务发展的伤害是巨大的。<b>04</b></p>\n<p>为什么收入占比iOS平台有7%,而安卓只有0.5%?</p>\n<p>2017年《堡垒之夜》如日中天,具有绝对的先行优势,但随后两年却在移动端遭遇用户下滑的情况。就和虚幻引擎与Unity引擎之争一样,《堡垒之夜》走的仍然是高端市场,对用户配置提出了较高要求,这也是为什么配置标准化的主机相对PC,iOS相对安卓收入都会更高。毫无疑问这种门槛限制了游戏的用户规模,而安卓市场大量中低端无法良好体验《堡垒之夜》也成为其低收入的关键。但EPIC并没有针对移动端的低端设备进行足够的针对性优化,而是为了保障游戏体验选择性放弃。</p>\n<p><img src=\"https://static.tigerbbs.com/e37e13aa8fd2e9ea8227a00ba0198dfb\" tg-width=\"1399\" tg-height=\"1120\" referrerpolicy=\"no-referrer\"></p>\n<p>一个明显的对比则是号称低配吃鸡的《Free Fire》。Gamewower此前在报道中有过介绍,与《PUBG M》和《荒野行动》讲究拟真写实不同,《Free Fire》以流畅体验第一要务,为了保障游戏流畅,画面、模型等内容都可以“缩水”。同时其原本针对的市场也是东南亚、拉美等新兴市场,用户手机配置相对较低,因此也有“低配吃鸡”的标签。然而在不断地发展中,其成功实现了从新兴反攻美国等成熟市场的目标,根据SensorTower数据,2020上半年《Free Fire》预估收入为3亿美元,超过《荒野行动》2.6亿美元以及COD手游2.2亿美元。下半年随着在美国这个大市场的收入排名不断上扬,也意味着无论ARPU还是产品营收,《Free Fire》还会迎来新的爆发。</p>\n<p>《堡垒之夜》与《Free Fire》的对比其实和虚幻引擎与Unity引擎的发展有相似。依靠亲民的路线,Unity始终收到更多中小开发团队的欢迎,拥有更高的市场份额。在之前分析中,Gamewower也提到,Unity依靠精准抢占每一波风口,逐步走向上市。</p>\n<p>针对移动端市场,二者的策略也截然不同。虽然《堡垒之夜》为EPIC Games贡献了巨额的营收,但其并未打算在游戏产品多做投入,而是把EGS平台作为更主要的发展方向,这种源于创始人的策略的倾向性也导致了其战略性牺牲《堡垒之夜》移动端发展潜力的重要原因(如果是游戏开发商很可能就会以产品未来发展为主要考量)。</p>\n<p>Untiy则是顺应移动流量的大势,大力发展移动广告平台来提升自己的上线。AppsFlyer报告显示,2020下半年全球游戏应用留存指数的实力榜单中,Unity Ads 超越 <a href=\"https://laohu8.com/S/FB\">Facebook</a> 排名第二。TikTok for Business在全球游戏应用安装份额提升 37%,在该渠道投放广告的游戏应用数量增长了 55%,在IOS端应用安装份额提升 52%。</p>\n<p>EPIC在2020年估值173亿美元,是Unity在2019年估值的三倍之多。然而到了现在,EPIC最新估值为287亿美元,而Unity股票市值为250亿美元左右。</p>\n<p>当然,更重平台的做法是EPIC自己决定的,为了谋求自身发展尝试打破市场格局,让利降低分成的做法确实对开发者和玩家都有所裨益。但从产品来看,<b>《堡垒之夜》在移动吃鸡大战中的牺牲也是为EPIC的策略买了单。</b></p>","source":"tencent","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>晒完数据,EPIC与苹果的争斗很现实</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{ 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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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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晒完数据,EPIC与苹果的争斗很现实\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 11:37 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202105081139177b5dfffb&s=b><strong>钛媒体</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文 | Gamewower\n剥离掉为行业请命的大义,EPIC Games选择暂时牺牲《堡垒之夜》移动端潜力的战略意图显露无疑。\n有这么个经典笑话梗:假如你有一百万你捐么?我捐。\n假如你有一头牛你捐么?不捐,\n为什么你愿意捐一百万,一头牛不愿意捐呢?因为我真有一头牛!\nEPIC向苹果谷歌开炮甚至对簿公堂,除了为行业请命的大义,掀桌子无疑是加速洗牌、借机上位的最直接做法。之前部分外媒甚至用“...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202105081139177b5dfffb&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/122bd59ac9f1bd3497a9973d2beeec3e","relate_stocks":{"AAPL":"苹果","03086":"华夏纳指","09086":"华夏纳指-U"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202105081139177b5dfffb&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2133368561","content_text":"文 | Gamewower\n剥离掉为行业请命的大义,EPIC Games选择暂时牺牲《堡垒之夜》移动端潜力的战略意图显露无疑。\n有这么个经典笑话梗:假如你有一百万你捐么?我捐。\n假如你有一头牛你捐么?不捐,\n为什么你愿意捐一百万,一头牛不愿意捐呢?因为我真有一头牛!\nEPIC向苹果谷歌开炮甚至对簿公堂,除了为行业请命的大义,掀桌子无疑是加速洗牌、借机上位的最直接做法。之前部分外媒甚至用“Troublemaker”来形容Epic Games。随着本月初苹果和 Epic Games 的案件在美国加利福尼亚州的奥克兰揭开序幕,相比庭审的你来我往,晒出的内幕数据让围观群众直呼过瘾。\n根据双方公布的文件显示,《堡垒之夜》在2018年、2019年为Epic带来了超过90亿美元的收入。根据其CEO Tim Sweeney提供的证词,《堡垒之夜》2020年的收入达到了51亿美元。\n然而《堡垒之夜》被苹果下架之前,它在iOS端的收入仅为7亿美元,2018年3月至2020年7月,iOS方面仅占总收入的7%,安卓只有0.5%。\nEpic表示2020年iOS端的收入将会减少到5.8%。日活跃用户中苹果仅占10%。\n就和“我真有一头牛”一样,在手游市场发展如火如荼,大家都以为EPIC和苹果谷歌刚正面是壮士断腕,而《堡垒之夜》短期的收入影响并没有那么大。在EPIC看来,牺牲这10%不到的收入来掀桌子是可以接受的决策。\n另一方面,战略上更看重主机PC和商城平台业务,对移动市场放松甚至暂时牺牲的做法某种程度也影响了其发展。EPIC Games在4月宣布完成新一轮融资估值达到287亿美元,而老对手Unity重视移动端依靠移动广告平台Unity Ads的蓬勃发展,最新市值也接近250亿美元。01\nEPIC Games是典型的与创始人形象绑定并以其为主导的对外形象。高调发言,对外开炮是创始人Tim Sweeney常干的事。当然,根据Tim的说法是一直都看不惯游戏行业抽成过高,不利于行业健康发展才这么干。受到创始人的直接影响,Epic Games在行业中“斗士”人设越发清晰,引擎技术商、研发商、平台都是其标签之一。\n作为后来者,除了默默积蓄力量来应对竞争,掀桌子无疑事最激烈的做法,为此EPIC需要寻找一个由头,来获得开发者和玩家群体的支持。Epic Games得出的结论是,在公众形象方面,苹果脸皮可能会很薄。公司一份备忘录指出:“除了来自消费者层面的巨大压力,没有什么能让苹果做出改变。”\n去年9月,Epic联合12家公司共同成立了“应用程序公平联盟”(Coalition for App Fairness,简称CAF),涉及范围扩散到了音乐、社交、购物、在线支付、健身等领域,目前官网公布成员接近50个,国内TapTap也在其中。\n在帮助行业更健康发展的大义下,无论是呼吁平台降低分成、EGS(EPIC游戏商城)独占还是免费送,本质上都是打价格战来获取开发者和玩家的支持。\n对于开发者而言,平台分成当然是越低越好。如果苹果败诉,那么类似的要求、做法和诉讼将接踵而至。对消费者来说,能够用更低的价格享受同等的服务,也是好事一件。顺便一提的是,\n国内某游戏平台策略其实和EPIC相似,同样是创始人热衷于发声。02\n如果剥离掉行业健康发展的诉求,EPIC与苹果谷歌刚正面的行为则更加现实。\n上文提到,EPIC认为只有消费者给予的压力才会让苹果妥协,为此去年第一时间就提起了诉讼,并立即发布了模仿苹果曾经的《1984》宣传片的视频来嘲讽其垄断的做法,同时在社交媒体上发动玩家。根据披露,Epic将针对苹果和谷歌的诉讼称为“自由计划”,在公司内部,大约有100~200名员工参与了这项计划。Epic知道当他们违反苹果的规则时,公众不一定会表达同情,并且担心会被公众指责,花了30万美元雇佣了一家公关公司为“自由计划”造势。\n\n苹果在庭审中提出了这样一个问题,堡垒之夜可在iphone、Xbox、Switch、PC跨平台游戏,但Epic却未指责其他三个平台。采用30%的分成并非苹果的特有举措,Epic的主张将会殃及其他平台的生态。\n\n这就是经典我真有一头牛的写照。从披露的《堡垒之夜》收入结构来看,2018年3月至2020年7月, PS4、Xbox One平台分别占《堡垒之夜》总收入的46.8%和27.5%,iOS排名第五,仅占总收入的7%,安卓甚至只有0.5%。Epic表示2020年iOS端的收入将会减少到5.8%。日活跃用户中苹果仅占10%。\n显然在EPIC看来,如果暂时牺牲这部分的用户和收入,来换取在移动平台撕开口子打开局面的结果,是一笔划算的买卖。\n而对于最主要的收入平台,PS,EPIC则是另一幅态度。2017年,《堡垒之夜》推行跨平台互联时,索尼的态度是保守的。\n根据庭审披露,索尼是唯一一家要求跨平台游戏要补偿损失的平台,EPIC对于收入最高的平台选择的做法是赔钱赎身而不是现在的对抗。随后索尼先后两次向Epic Games投资包括最新一轮中投资约2亿美元,成为更加紧密的合作关系。这里可以对比米哈游《原神》,虽然登陆PS平台其账号是不互通的。\nEpic律师在庭审时询问Tim Sweeney,是否会接受苹果提供的削减应用和应用内购买佣金的“特殊协议”,“如果苹果已经告诉你这项协议只限于你,不包含其他开发者,你会接受吗?”“是的,我会的。”03\n事实上,EPIC本轮与苹果的远不只是占比7%的《堡垒之夜》,EGS是EPIC业务发展的重中之重。\n去年6月接受媒体采访,Tim Sweeney表示Epic Game Store制定了宏伟的计划,\n首先就是移动端,包括Epic Games Store在iOS和安卓平台的推出。\n这一目标的实现恰恰是苹果明令禁止的,这也成为二者庭审碰撞的关键,围绕EGS的披露不可避免。\n\n根据苹果方面的说法,EGS在2019年亏损1.81亿美元,去年亏损额预计约为2.73亿美元,而今年的亏损额可能会达到1.39亿美元......如果算上签约独占游戏的成本和其他费用,到2021年底,EGS的累计亏损额将会接近6亿美元。\n更低的分成、限免、独占、保证金买断……EGS的发展本质上就是让利赚用户。文件显示,截至2019年10月,Epic Games Store获得的1850万用户中,只有7%的用户付费购买游戏。\n2020年EPIC投入大约4.44亿美元,用以签订EGS的独占合作协议。\n举个例子,Epic以150万美元买断《蝙蝠侠:阿卡姆合集》,领取用户中新增为61.39万,约等于新增获客成本为2.44美元。\nEpic表示,对于苹果提到的“亏损”,Epic更愿意将它理解为“投资”。这些投资都是Epic整体计划中的一部分,并且Epic相信,12%的平台分成足以支撑EGS长期运营。“考虑到商店目前的规模和发展阶段,EGS还无法盈利,因为我们需要为了获取市场份额支付营销和用户获取成本。\n\n对于EGS想要在移动平台搞事的想法,苹果自然是严防死守,而对于EPIC而言,EGS仍然长期处于需要输血的状态,《堡垒之夜》无疑是最关键的现金牛。即便是出于EGS的未来发展总要和苹果谷歌有所一战,那么索性现在牺牲《堡垒之夜》占比少的移动平台为这张战斗铺路对EPIC Games也未尝不可。\n然而这种策略上牺牲对于《堡垒之夜》在移动端业务发展的伤害是巨大的。04\n为什么收入占比iOS平台有7%,而安卓只有0.5%?\n2017年《堡垒之夜》如日中天,具有绝对的先行优势,但随后两年却在移动端遭遇用户下滑的情况。就和虚幻引擎与Unity引擎之争一样,《堡垒之夜》走的仍然是高端市场,对用户配置提出了较高要求,这也是为什么配置标准化的主机相对PC,iOS相对安卓收入都会更高。毫无疑问这种门槛限制了游戏的用户规模,而安卓市场大量中低端无法良好体验《堡垒之夜》也成为其低收入的关键。但EPIC并没有针对移动端的低端设备进行足够的针对性优化,而是为了保障游戏体验选择性放弃。\n\n一个明显的对比则是号称低配吃鸡的《Free Fire》。Gamewower此前在报道中有过介绍,与《PUBG M》和《荒野行动》讲究拟真写实不同,《Free Fire》以流畅体验第一要务,为了保障游戏流畅,画面、模型等内容都可以“缩水”。同时其原本针对的市场也是东南亚、拉美等新兴市场,用户手机配置相对较低,因此也有“低配吃鸡”的标签。然而在不断地发展中,其成功实现了从新兴反攻美国等成熟市场的目标,根据SensorTower数据,2020上半年《Free Fire》预估收入为3亿美元,超过《荒野行动》2.6亿美元以及COD手游2.2亿美元。下半年随着在美国这个大市场的收入排名不断上扬,也意味着无论ARPU还是产品营收,《Free Fire》还会迎来新的爆发。\n《堡垒之夜》与《Free Fire》的对比其实和虚幻引擎与Unity引擎的发展有相似。依靠亲民的路线,Unity始终收到更多中小开发团队的欢迎,拥有更高的市场份额。在之前分析中,Gamewower也提到,Unity依靠精准抢占每一波风口,逐步走向上市。\n针对移动端市场,二者的策略也截然不同。虽然《堡垒之夜》为EPIC Games贡献了巨额的营收,但其并未打算在游戏产品多做投入,而是把EGS平台作为更主要的发展方向,这种源于创始人的策略的倾向性也导致了其战略性牺牲《堡垒之夜》移动端发展潜力的重要原因(如果是游戏开发商很可能就会以产品未来发展为主要考量)。\nUntiy则是顺应移动流量的大势,大力发展移动广告平台来提升自己的上线。AppsFlyer报告显示,2020下半年全球游戏应用留存指数的实力榜单中,Unity Ads 超越 Facebook 排名第二。TikTok for Business在全球游戏应用安装份额提升 37%,在该渠道投放广告的游戏应用数量增长了 55%,在IOS端应用安装份额提升 52%。\nEPIC在2020年估值173亿美元,是Unity在2019年估值的三倍之多。然而到了现在,EPIC最新估值为287亿美元,而Unity股票市值为250亿美元左右。\n当然,更重平台的做法是EPIC自己决定的,为了谋求自身发展尝试打破市场格局,让利降低分成的做法确实对开发者和玩家都有所裨益。但从产品来看,《堡垒之夜》在移动吃鸡大战中的牺牲也是为EPIC的策略买了单。","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104805798,"gmtCreate":1620370153114,"gmtModify":1704342697722,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/104805798","repostId":"2133503391","repostType":4,"repost":{"id":"2133503391","pubTimestamp":1620369904,"share":"https://www.laohu8.com/m/news/2133503391?lang=&edition=full","pubTime":"2021-05-07 14:45","market":"us","language":"zh","title":"蔚来、小鹏出海第一站,为何选择了挪威?","url":"https://stock-news.laohu8.com/highlight/detail?id=2133503391","media":"腾讯科技","summary":"腾讯科技讯 5月7日消息,特斯拉的中国竞争对手蔚来正在进军挪威市场,计划在9月份向这个北欧国家出口其智能电动汽车。该公司计划今年销售ES8电动SUV,明年销售续航可达1000公里的ET7豪华电动汽车。","content":"<p><a href=\"https://laohu8.com/S/00700\">腾讯</a>科技讯 5月7日消息,<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>的中国竞争对手<a href=\"https://laohu8.com/S/NIO\">蔚来</a>正在进军挪威市场,计划在9月份向这个北欧国家出口其<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>电动汽车。该公司计划今年销售ES8电动SUV,明年销售续航可达1000公里的ET7<a href=\"https://laohu8.com/S/DLX\">豪华</a>电动汽车。在此之前,电动汽车初创公司小鹏已经在去年12月下旬向挪威个人客户交付了100多辆G3智能SUV。</p>\n<p>挪威正迅速成为中国电动汽车初创企业的关键出口市场。这主要有两大原因:第一,电动汽车在挪威普及率全球最高,其纯电动汽车占新车总销量的54%以上。去年,挪威全国共售出14万多辆新乘用车,其中76789辆是纯电动汽车。在中国,尽管电动汽车去年的普及率为6%,但由于市场规模更大,年销量达117万辆。去年,中国市场共售出约1930万辆汽车。</p>\n<p>第二,在挪威,电动汽车不征收购置税和进口税。购车者还可以免交25%的增值税,而电动汽车用户可以节省至少50%的通行费。虽然挪威政府决定将零排放汽车的激励措施保留到2021年底,但也有计划修改激励措施,并根据市场发展情况进行调整。</p>\n<p>在挪威,2020年最畅销的电动汽车车型为奥迪e-tron SUV,售出了9227辆。特斯拉的Model 3以7770辆的销量位居第二,紧随其后的是大众ID.3,销量为7754辆、排在第四和第五位的分别是日产Leaf(销量为5221辆)和大众eGolf(销量为5068辆)。</p>\n<p>蔚来和小鹏将在挪威面临激烈的竞争。作为后来者,他们的成功取决于客户是否接受他们的技术和产品定价。在中国,这两家初创企业和<a href=\"https://laohu8.com/S/LI\">理想汽车</a>被称为特斯拉的挑战者。他们在3月份总共交付了17259辆汽车,不到特斯拉35478辆销量的一半。</p>\n<p>蔚来将在挪威推出ES8 SUV、ET7豪华轿车,该公司的挑战目标是特斯拉和大众,它们是该国电动汽车领域的领头羊。但蔚来希望“电池即服务”(Baas)模式能帮助其在欧洲获得优势。该模式允许客户购买电动汽车,同时付费订阅单独的电池租赁计划。Bass可以帮助将拥有电动汽车的前期成本降低约20%。</p>\n<p>小鹏最近宣布,计划为其P7全电动轿车配备更便宜的电池,以吸引对价格敏感的客户。从本月开始,快速充电的磷酸铁锂电池将与目前正在使用的锂镍锰钴电池组共同出现在P7上,客户可自己做出选择。小鹏即将上市的P5车型将安装激光雷达传感器,使其成为首批使用该技术的汽车之一。激光雷达是自动驾驶汽车的关键技术。</p>\n<p>除了初创企业,还将有更多中国汽车公司很快扩张到欧洲,吉利就是其中之一。作为中国最大汽车制造商之一、沃尔沃母公司,吉利上月发布了其新的电动汽车品牌Zeekr。吉利已经与包括<a href=\"https://laohu8.com/S/BIDU\">百度</a>和富士康在内的许多公司建立了合作伙伴关系,以制造智能电动汽车,这是其成为汽车行业全球领先者雄心的一部分。</p>","source":"lsy1580517846866","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>蔚来、小鹏出海第一站,为何选择了挪威?</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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蔚来、小鹏出海第一站,为何选择了挪威?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 14:45 北京时间 <a href=https://new.qq.com/omn/20210507/20210507A064NQ00.html><strong>腾讯科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>腾讯科技讯 5月7日消息,特斯拉的中国竞争对手蔚来正在进军挪威市场,计划在9月份向这个北欧国家出口其智能电动汽车。该公司计划今年销售ES8电动SUV,明年销售续航可达1000公里的ET7豪华电动汽车。在此之前,电动汽车初创公司小鹏已经在去年12月下旬向挪威个人客户交付了100多辆G3智能SUV。\n挪威正迅速成为中国电动汽车初创企业的关键出口市场。这主要有两大原因:第一,电动汽车在挪威普及率全球最高...</p>\n\n<a href=\"https://new.qq.com/omn/20210507/20210507A064NQ00.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/184ec009021ea635563e33a510a35b18","relate_stocks":{"XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://new.qq.com/omn/20210507/20210507A064NQ00.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133503391","content_text":"腾讯科技讯 5月7日消息,特斯拉的中国竞争对手蔚来正在进军挪威市场,计划在9月份向这个北欧国家出口其智能电动汽车。该公司计划今年销售ES8电动SUV,明年销售续航可达1000公里的ET7豪华电动汽车。在此之前,电动汽车初创公司小鹏已经在去年12月下旬向挪威个人客户交付了100多辆G3智能SUV。\n挪威正迅速成为中国电动汽车初创企业的关键出口市场。这主要有两大原因:第一,电动汽车在挪威普及率全球最高,其纯电动汽车占新车总销量的54%以上。去年,挪威全国共售出14万多辆新乘用车,其中76789辆是纯电动汽车。在中国,尽管电动汽车去年的普及率为6%,但由于市场规模更大,年销量达117万辆。去年,中国市场共售出约1930万辆汽车。\n第二,在挪威,电动汽车不征收购置税和进口税。购车者还可以免交25%的增值税,而电动汽车用户可以节省至少50%的通行费。虽然挪威政府决定将零排放汽车的激励措施保留到2021年底,但也有计划修改激励措施,并根据市场发展情况进行调整。\n在挪威,2020年最畅销的电动汽车车型为奥迪e-tron SUV,售出了9227辆。特斯拉的Model 3以7770辆的销量位居第二,紧随其后的是大众ID.3,销量为7754辆、排在第四和第五位的分别是日产Leaf(销量为5221辆)和大众eGolf(销量为5068辆)。\n蔚来和小鹏将在挪威面临激烈的竞争。作为后来者,他们的成功取决于客户是否接受他们的技术和产品定价。在中国,这两家初创企业和理想汽车被称为特斯拉的挑战者。他们在3月份总共交付了17259辆汽车,不到特斯拉35478辆销量的一半。\n蔚来将在挪威推出ES8 SUV、ET7豪华轿车,该公司的挑战目标是特斯拉和大众,它们是该国电动汽车领域的领头羊。但蔚来希望“电池即服务”(Baas)模式能帮助其在欧洲获得优势。该模式允许客户购买电动汽车,同时付费订阅单独的电池租赁计划。Bass可以帮助将拥有电动汽车的前期成本降低约20%。\n小鹏最近宣布,计划为其P7全电动轿车配备更便宜的电池,以吸引对价格敏感的客户。从本月开始,快速充电的磷酸铁锂电池将与目前正在使用的锂镍锰钴电池组共同出现在P7上,客户可自己做出选择。小鹏即将上市的P5车型将安装激光雷达传感器,使其成为首批使用该技术的汽车之一。激光雷达是自动驾驶汽车的关键技术。\n除了初创企业,还将有更多中国汽车公司很快扩张到欧洲,吉利就是其中之一。作为中国最大汽车制造商之一、沃尔沃母公司,吉利上月发布了其新的电动汽车品牌Zeekr。吉利已经与包括百度和富士康在内的许多公司建立了合作伙伴关系,以制造智能电动汽车,这是其成为汽车行业全球领先者雄心的一部分。","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106569308,"gmtCreate":1620134652604,"gmtModify":1704339099427,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"P","listText":"P","text":"P","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/106569308","repostId":"1104651744","repostType":4,"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108245140,"gmtCreate":1620034828880,"gmtModify":1704337657720,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/108245140","repostId":"1196196638","repostType":4,"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101116601,"gmtCreate":1619859591703,"gmtModify":1704335833286,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"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/101116601","repostId":"2131587876","repostType":4,"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103892354,"gmtCreate":1619763491678,"gmtModify":1704272033085,"author":{"id":"3555667010134924","authorId":"3555667010134924","name":"AhZhi01","avatar":"https://static.tigerbbs.com/569f37556f5340b959e99ae1d34206c4","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103892354","repostId":"1170908014","repostType":4,"repost":{"id":"1170908014","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":1618906754,"share":"https://www.laohu8.com/m/news/1170908014?lang=&edition=full","pubTime":"2021-04-20 16:19","market":"us","language":"zh","title":"提醒:五一劳动节A股休市三天,港美股照常交易","url":"https://stock-news.laohu8.com/highlight/detail?id=1170908014","media":"老虎资讯综合","summary":"五一小长假即将要来临了,值得一提的是,今年五一劳动节继续连休五天。关于五一股市安排方面,也是投资者们关注的焦点,下面一起来看看2021年五一股市休市几天?A股:5月1日(周六)至5月5日(周三)休市,","content":"<p>五一小长假即将要来临了,值得一提的是,今年五一劳动节继续连休五天。关于五一股市安排方面,也是投资者们关注的焦点,下面一起来看看2021年五一股市休市几天?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A股:</b></p><p>5月1日(周六)至5月5日(周三)休市,5月6日(周四)起照常开市。</p><p><b>港股:</b></p><p>照常交易。</p><p><b>美股:</b></p><p>照常交易。</p><p><b>英股:</b></p><p>5月3日(周一)为英国传统节日Bank holiday,英股休市一日</p><p><b>新加坡市场:</b></p><p>照常交易。</p><p><b>澳大利亚市场:</b></p><p>照常交易。</p><p><b>沪股通、深股通:</b></p><p>5月1日(周六)至5月5日(周三)关闭,5月6日(周四)起照常开通。</p><p><b>港股通:</b></p><p>4月29日(周四)至5月5日(周三)关闭,5月6日(周四)起照常开通。</p><p>祝各位最美劳动者五一节日快乐,平安喜乐!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" 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>提醒:五一劳动节A股休市三天,港美股照常交易</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; 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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提醒:五一劳动节A股休市三天,港美股照常交易\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">2021-04-20 16:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>五一小长假即将要来临了,值得一提的是,今年五一劳动节继续连休五天。关于五一股市安排方面,也是投资者们关注的焦点,下面一起来看看2021年五一股市休市几天?<img src=\"https://static.tigerbbs.com/9dcfc9f46149ed58e89371cfb512c504\" tg-width=\"976\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A股:</b></p><p>5月1日(周六)至5月5日(周三)休市,5月6日(周四)起照常开市。</p><p><b>港股:</b></p><p>照常交易。</p><p><b>美股:</b></p><p>照常交易。</p><p><b>英股:</b></p><p>5月3日(周一)为英国传统节日Bank holiday,英股休市一日</p><p><b>新加坡市场:</b></p><p>照常交易。</p><p><b>澳大利亚市场:</b></p><p>照常交易。</p><p><b>沪股通、深股通:</b></p><p>5月1日(周六)至5月5日(周三)关闭,5月6日(周四)起照常开通。</p><p><b>港股通:</b></p><p>4月29日(周四)至5月5日(周三)关闭,5月6日(周四)起照常开通。</p><p>祝各位最美劳动者五一节日快乐,平安喜乐!<img src=\"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9\" tg-width=\"674\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/703fdb4d8b073167b0b526575917e6b9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170908014","content_text":"五一小长假即将要来临了,值得一提的是,今年五一劳动节继续连休五天。关于五一股市安排方面,也是投资者们关注的焦点,下面一起来看看2021年五一股市休市几天?A股:5月1日(周六)至5月5日(周三)休市,5月6日(周四)起照常开市。港股:照常交易。美股:照常交易。英股:5月3日(周一)为英国传统节日Bank holiday,英股休市一日新加坡市场:照常交易。澳大利亚市场:照常交易。沪股通、深股通:5月1日(周六)至5月5日(周三)关闭,5月6日(周四)起照常开通。港股通:4月29日(周四)至5月5日(周三)关闭,5月6日(周四)起照常开通。祝各位最美劳动者五一节日快乐,平安喜乐!","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}