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JackyLove

JackyLove

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2021-06-15

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2021-06-15

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The winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable

2021-06-13

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2021-06-13

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2021-06-08

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Guan Qingyou: The A-share style is switched again, and the core assets are back?

2021-05-28

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Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day

2021-05-17

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2021-04-27

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SAIC and WM Motor make efforts to SOA, is it "overtaking in corners" under the switching dimension?

2021-04-26

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$6 Billion Run Off! Tech stocks snubbed by investors

2021-04-24

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Two K12 giants have released financial reports successively. Who has a "good future"?

2021-04-21

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Another one! International daily chemical giant Procter & Gamble will raise the prices of its products in September

2021-04-15

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Spokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization

2021-04-14

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Total global cryptocurrency market cap has surpassed Apple's market cap

2021-04-13

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Tencent Holdings: Will raise the limit of medium-term note program to $30 billion

2021-04-05

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2021-03-27

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2021-03-24

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Baidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8

2021-03-21

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2021-03-19

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2021-03-17

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Tonight's ups and downs depend on the dot plot: What will the market react if the Fed releases an "eagle"?

Go to Tiger App to see more news

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09:36","market":"sh","language":"zh","title":"The winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable","url":"https://stock-news.laohu8.com/highlight/detail?id=1112473662","media":"老虎资讯综合","summary":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份","content":"<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>According to the announcement, the company issued 16,829,600 shares at a price of HK$ 173 per share and 200 shares per lot, which is expected to be listed on June 16th.</p><p>Times Angel was subscribed 2079.16 times during the Public Offer Stage and the final number of Offer Shares allocated to the Public Offer was 8,414,800 Shares, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 792,388 valid applications were received, with a successful rate of 1.5%, and 750 lots were successfully subscribed.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 8,414,800 (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares. The relevant data of Tiger Information are as follows:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot of 200 shares, the entrance fee is HK$34948.66. The winning rate of the first lot is 1.5%, and the subscription of 750 lots is stable.</p><p>The threshold of Group B is 30,000 shares, and the funds required for subscription are about HK$ 5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is reported that the company is the leading provider of invisible orthotic solutions in China. According to the CIC Report, the invisible orthotic solutions market in China is highly concentrated, with the top two market players accounting for a total market share of 82.4% based on cases reached in 2020. According to the same information, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dental practitioners served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019 and further to 19,900 in 2020. The number of closed cases of the Company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019 and further to 137,600 in 2020.</p><p>In terms of financial position, the Company's revenue was RMB488 million, RMB646 million and RMB817 million in 2018, 2019 and 2020, respectively, representing a CAGR of 29.26% from 2018 to 2020. Net profits were 58.2 million yuan, 67.7 million yuan and 151 million yuan respectively, with a compound growth rate of 61.07% from 2018 to 2020; Adjusted EBITDA (non-IFRS measure) for the same period was RMB129 million, RMB175 million and RMB297 million, respectively.</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>The winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-15 09:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>According to the announcement, the company issued 16,829,600 shares at a price of HK$ 173 per share and 200 shares per lot, which is expected to be listed on June 16th.</p><p>Times Angel was subscribed 2079.16 times during the Public Offer Stage and the final number of Offer Shares allocated to the Public Offer was 8,414,800 Shares, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 792,388 valid applications were received, with a successful rate of 1.5%, and 750 lots were successfully subscribed.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 8,414,800 (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares. The relevant data of Tiger Information are as follows:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot of 200 shares, the entrance fee is HK$34948.66. The winning rate of the first lot is 1.5%, and the subscription of 750 lots is stable.</p><p>The threshold of Group B is 30,000 shares, and the funds required for subscription are about HK$ 5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is reported that the company is the leading provider of invisible orthotic solutions in China. According to the CIC Report, the invisible orthotic solutions market in China is highly concentrated, with the top two market players accounting for a total market share of 82.4% based on cases reached in 2020. According to the same information, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dental practitioners served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019 and further to 19,900 in 2020. The number of closed cases of the Company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019 and further to 137,600 in 2020.</p><p>In terms of financial position, the Company's revenue was RMB488 million, RMB646 million and RMB817 million in 2018, 2019 and 2020, respectively, representing a CAGR of 29.26% from 2018 to 2020. Net profits were 58.2 million yuan, 67.7 million yuan and 151 million yuan respectively, with a compound growth rate of 61.07% from 2018 to 2020; Adjusted EBITDA (non-IFRS measure) for the same period was RMB129 million, RMB175 million and RMB297 million, respectively.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{"06699":"时代天使"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112473662","content_text":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份最终数目为841.48万股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获792388份有效申请，一手中签率1.5%，认购750手稳中一手。\n此外，国际发售获大幅超额认购，发售股份最终数目为841.48万股（不包括超额分配股份），相当于发售股份总数的50%。老虎资讯整理相关数据如下表：申购阶梯：\n每手200股，入场费34948.66港元。一手中签率1.5%，认购750手稳中一手。\n乙组门槛为3万股，申购所需资金约5242299.63港元。\n据悉，公司是中国领先的隐形矫治解决方案提供商。根据灼识咨询报告，中国的隐形矫治解决方案市场高度集中，按2020年的达成案例计量，前两大市场参与者的市场占有率总计为82.4%。据同一份资料显示，公司于同年的市场份额为约41.0%。\n于业绩纪录期，公司服务的牙科医生人数由2018年的约1.15万名增至2019年的约1.58万名，并进一步增至2020年的1.99万名。公司的达成案例由2018年的约7.77万个增至2019年的约12.01万个，并进一步增至2020年的13.76万个。\n财务状况方面，于2018年、2019年及2020年，公司的收入分别为人民币4.88亿元、6.46亿元及8.17亿元，2018~2020年的复合增长率达29.26%；净利润分别为5820万元、6770万元及1.51亿元，2018~2020年的复合增长率达61.07%；同期经调整EBITDA（非国际财务报告准则计量）分别为1.29亿元、1.75亿元及2.97亿元。","news_type":1,"symbols_score_info":{"06699":0.9}},"isVote":1,"tweetType":1,"viewCount":3428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182872610,"gmtCreate":1623565601630,"gmtModify":1704206337705,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/182872610","repostId":"1172667270","repostType":4,"isVote":1,"tweetType":1,"viewCount":3764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182876017,"gmtCreate":1623565567139,"gmtModify":1704206335756,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"a","listText":"a","text":"a","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182876017","repostId":"1159028389","repostType":4,"isVote":1,"tweetType":1,"viewCount":2602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117103923,"gmtCreate":1623120045262,"gmtModify":1704196489621,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117103923","repostId":"1151376161","repostType":4,"repost":{"id":"1151376161","kind":"news","pubTimestamp":1623119950,"share":"https://ttm.financial/m/news/1151376161?lang=en_US&edition=fundamental","pubTime":"2021-06-08 10:39","market":"sh","language":"zh","title":"Guan Qingyou: The A-share style is switched again, and the core assets are back?","url":"https://stock-news.laohu8.com/highlight/detail?id=1151376161","media":"清友会","summary":"编者按：近期市场热点层出不穷，股债汇金同步大涨，A股好转、债市回暖、人民币升值、黄金连续上涨、大宗商品再度升温等等，市场剧烈变化，风格快速切换，操作难度加大。为此，我们根据管院长近期财富活动的现场演讲","content":"<p><i><b>Editor's note:</b></i>Recently, hot spots in the market have emerged in an endless stream, with stocks and bonds rising simultaneously, A shares improving, the bond market picking up, RMB appreciating, gold rising continuously, commodities heating up again, etc. The market has changed drastically, styles have changed rapidly, and the operation has become more difficult. To this end, we have sorted out the top ten issues that attract the most attention of investors according to the live speech of Dean Guan's recent wealth activities.<b>1. The economic slowdown superimposes inflation, and the stagflation-like cycle is approaching</b></p><p>In fact, the judgment of the economic cycle can simplify complex problems. Combined with the judgment of the leading economic indicator PMI and the sensitive economic indicator PPI, the current Chinese economy has gradually entered a stagflation-like state. PMI fell for two consecutive months, the pace of economic recovery began to slow down, and the growth momentum declined, mainly because external orders began to weaken. PPI continues to rise, commodities still have momentum to rise, and short-term inflation has not yet peaked. Slowing economic growth and high prices are typical of stagflation. However, it is not the classic stagflation mentioned in textbooks, and prices are rising in an all-round way. This is because this round of recovery has a typical feature, that is, unbalance and obvious differentiation. The price increase is mainly concentrated on upstream raw materials. Due to sluggish domestic demand and weak bargaining power, the transmission of PPI to CPI is not smooth, and the profit has not been significantly improved, which in turn has a certain inhibitory effect on consumption. This situation is even more serious than stagflation.</p><p><b>2. The apex of recovery is likely to appear in the second quarter, and the kinetic energy of economic growth will decline in the second half of the year</b></p><p>This problem can be analyzed from three perspectives:<b>First, real estate is likely to have the risk of falling back in the second half of the year.</b>The resilience of real estate is very strong, but the \"unbeatable Xiaoqiang\" can't stand to fight every day. Nowadays, the mortgage loan is becoming stricter, and the support of the sales side is beginning to weaken. In addition, the financing side of real estate is restricted, the new construction is slowing down, and the investment is likely to gradually decline;<b>Second, infrastructure has gradually entered a downward cycle</b>。 For local governments, risk prevention in the second half of the year is far more important than steady growth. A few days ago, the new local debt limit in 2021 issued by the Ministry of Finance was lower than the budget arrangement, and the issuance of local government special bonds in May was also less than expected. In addition, the pressure of local debt has not been completely alleviated, so the decline of infrastructure investment is inevitable, and the high growth rate is unsustainable;<b>Third, consumption is weak, which is also the most difficult problem.</b>This is because stimulating consumption recovery can't be achieved overnight, and it is a slow job. On the one hand, the impact of the epidemic on small and medium-sized enterprises has not completely passed, and the growth of residents' disposable income has slowed down. On the other hand, we are also in a period of deceleration of consumption growth, and there are structural problems.</p><p><b>3. Short-term inflation still has upward momentum, continuing \"semi-inflation\", but it is basically controllable in the long run</b></p><p>At present, there are structural differences in China's price level. Separating CPI and PPI, the pressure of CPI is not small, and the pressure of PPI is not small. CPI is easily disturbed by the pig cycle, and pig prices have entered a downward cycle, which is not enough to represent the actual price level. PPI is more sensitive and objective to inflation. At this stage, the pressure of rising prices is mainly concentrated on the production side, mainly due to the mismatch between supply and demand. Inflation in the United States is also very serious, and the CPI has recorded the largest year-on-year increase since the subprime mortgage crisis in 2008. This round of inflation may still have the momentum to continue to rise in the short term. This is because although the recovery on the demand side has slowed down, it is not over, and the demand is still strong. On the supply side, the epidemic situation in India, Southeast Asia and other countries has deteriorated again, which affects production and supply. The short-term supply side is damaged, the demand side is relatively strong, and the gap between supply and demand still exists, but it will be eased due to the high-level efforts to stabilize commodity prices. Although the commodity market has not yet peaked, considering that the price increase of upstream commodities has seriously affected the operation of some enterprises, the government has started to intervene. In addition, the speculation on commodities in the international financial market is indeed very serious, and the market is coming to an end, and the fluctuation will obviously increase, which is difficult to grasp. It is recommended to participate cautiously. In the long run, as the popularity of vaccines increases, enterprise production gradually recovers, the gap between supply and demand is repaired, and inflationary pressure is still controllable.</p><p><b>4. Global monetary policy is facing the \"three dilemmas\" dilemma, and the loose boundaries are different. At present, it is difficult to balance between economic recovery, stable prices and stable asset prices</b></p><p>First, it is necessary to stimulate the economic recovery. Although the economy is still in the process of recovery, the growth rate has begun to slow down, and there is still a long way to go from full employment. Loose monetary stimulus is needed to maintain economic growth and ensure employment. Therefore, it is still too early for many countries to withdraw their monetary policies; Second, the prices of commodities have risen one after another, inflation expectations have been heating up, and the market's concerns about rate hike resisting global inflation have been rising; Third, after the epidemic, the global water release gave birth to an unprecedented asset bull market, and the asset bubble problem deserves vigilance. However, now the major central banks in the world dare not act rashly. The financial market collapse after the Turkish rate hike is a tragic lesson. The Federal Reserve is gradually \"kidnapped\" by Wall Street, and it dares not take the initiative to burst the US stock bubble, but it can't let asset prices rise indefinitely.</p><p><b>5. The employment data in the United States is far less than expected, and the Federal Reserve has a high probability of continuous loosening, and there will be no sudden rate hike</b></p><p>The Fed's rate hike is expected to ease as non-farm payrolls have fallen short of expectations for two consecutive months. In April, non-farm employment in the United States was upset, with only 266,000 new jobs, far lower than the estimated value of 1 million. In May, it increased by 559,000, lower than the expected 674,000. The goal of full employment and economic recovery was far from achieved, and the Federal Reserve's monetary policy was hardly tightened. However, the minutes of the recent Federal Reserve meeting released several signals worth paying attention to: First, it began to consider reducing the scale of bond purchases. There will be no rate hike in the short term, but it will consider reducing the scale of bond purchases. But now it is only beginning to \"consider\", and it is still unconcluded when it will start to reduce; Second, it may take some time to achieve the goal of maximizing employment and price stability, which means that the most important thing at this stage is full employment, and it should continue to be loose; Third, we are basically optimistic about inflation. After the short-term effect of inflation subsides, it will ease during the year, and we will maintain a high tolerance for inflation. On the whole, the Fed's position is a little more hawkish than before, and it will marginally tighten its monetary policy by reducing the scale of bond purchases in the future, but now is not the time.</p><p><b>6. China's monetary policy remains neutral, emphasizing \"no sharp turns\", which may be fine-tuned, but it will not turn</b></p><p>The emerging market rate hike is about to hit, and Russia,Brazil,Turkey,and other countries have started rate hike, on the one hand, to control inflation, and on the other hand, to prevent the possible impact of the Federal Reserve's rate hike, but it will not spread to China soon. This is because China has carried out a relatively thorough financial rectification after 2017, so we will be affected by the policy adjustment of the United States, but our ability to resist risks will be stronger. But the economies of Russia, Brazil and Turkey, unlike ours, are much more affected by the Fed than ours. Especially after the epidemic in 2020, China's monetary policy easing was relatively restrained, and it did not practice MMT like Europe, America, Japan and other countries, with unlimited easing. This is because China's economic development stage and China's monetary policy transmission mechanism are very different from those of European and American countries, and cannot be generalized. At the same time, China still has other potential growth potential and does not necessarily require flooding to stimulate the economy. Therefore, China's current monetary policy is more cautious and rational, and the official has clearly stated that it \"does not make sharp turns\" and pays attention to \"fine-tuning\".</p><p><b>2021 is a small year for assets, so the expected rate of return should be reduced to achieve long-term achievement by achieving stability</b></p><p>When we looked forward to the end of last year, we said that 2020 was a big year for the stock market and 2021 was a big year for the property market. This year's stock market will certainly not be as full of opportunities as it was in 2020. For ordinary investors, risks outweigh opportunities. It is mainly based on two judgments: First, there is not so much water. In 2020, M2 is around 21%, and the nominal GDP growth rate is around 16%, with a difference of 5%; In 2021, M2 is expected to be around 10%, and the real GDP growth rate is set at 6%, reserving room for marginal tightening. The inflation target is 3%, and the nominal GDP growth rate is around 9%, which is exactly 1:1 match, and there is not much room. Second, leading stocks are expensive. The core assets have risen too much, deviating from the fundamentals, the valuation is too high, and the risk compensation premium is too low, especially SSE 50, CSI 300 and Science and Technology Innovation Board. Therefore, this wave of adjustment after the Spring Festival is in our expectation. Although there will be staged repair opportunities after the rapid adjustment, the stagflation-like cycle strikes, and neither liquidity nor fundamentals can support an all-round bull market, maintaining the judgment that assets are small during the year.</p><p><b>8. A shares only have structural opportunities, and their styles gradually switch from pro-cyclical to cross-cyclical</b></p><p>The structural opportunities we talked about at the end of last year mainly refer to the stock market style that will switch from the sector where the valuation pushes up institutions in 2020 to the performance-driven procyclical sector. From this round of white horse stock market crash around the Spring Festival to the \"coal flying color dance\" market brought by the rise of commodity prices, it basically confirmed the pro-cyclical market we predicted. But now the recovery is starting to slow, the stagflation-like cycle is getting closer and market style is rebalancing. Due to the slowdown of recovery and early overdraft, the procyclical market is drawing to an end. Although there are still opportunities after the adjustment, it has shifted from unilateral upward to shock stage, with intensified fluctuations and more difficult operation. Cross-cyclical consumption, pharmaceutical and other sectors, especially those companies whose performance can be released continuously, may still have opportunities as long as there is no major tightening of liquidity. In the counter-cyclical science and technology growth sector, due to the tightening of liquidity margin and the low risk appetite, the whole is still under pressure, and only a few performance-driven core leaders can hold it.</p><p><b>9. After the adjustment, the trend of the leading stocks of Baotuan is obviously differentiated, and the core assets are selected with the \"Xueba model\"</b></p><p>After the Spring Festival, the stock market crash of White Horse Stocks was actually expected. It is not a reliable and long-term thing for institutions to hold together. Once some of its elements change, hold together will definitely collapse. In 2021, the investment logic is no longer driven by the valuation caused by loose expectations, but by the fundamentals after the water level drops. Whoever makes good profits and has high stock price performance can take the top spot.<b>The views of white horse stocks can be explained by the \"Xueba Model\".</b>Suppose there is a master student who falls in love after the Spring Festival this year, and his academic performance plummets, and he suddenly falls from the top five in his grade to more than 20 years old. What should you do at this time? Is it to abandon the master student and turn to find the scum student? Or wait patiently for the master to do his own ideological work? In fact, it all depends on your understanding of Xueba. Do you have to understand that this time, the master of the academy made a mistake because of falling in love and wasting time? Or sick? Or is there a psychological problem? This is the same logic as choosing stocks. There is a high probability that a real scholar will make a comeback, while the probability that a scum will play exceptionally is relatively small.<b>Therefore, we advocate that we should continue to pay attention to performance. While supported by fundamentals, investors should resist the pressure of valuation adjustment of core assets and accompany Xueba.</b></p><p><b>1</b><b><b>0. Mortgage interest rate is raised, and the window period of house purchase is gradually closed</b></b></p><p>Under easing, there is no bear market in real estate. Similarly, after tightening, the bull market in real estate is unsustainable. At the end of last year, we said that this year is a big year for the property market. Due to the low base effect and the increased push, the real estate sales reached a record high in the first quarter, and the annual sales are expected to exceed 18 trillion yuan, a record. The new year for the property market has been booked in advance. However, with the change of liquidity, mortgage interest rates have been raised in various places, and some cities even plan to tentatively make second-hand housing loans. Difficult and expensive loans are the general trend, which will inevitably dampen the enthusiasm for buying houses, and the window period for buying houses will gradually close.</p>","source":"lsy1615432093283","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>Guan Qingyou: The A-share style is switched again, and the core assets are back?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuan Qingyou: The A-share style is switched again, and the core assets are back?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">清友会</strong><span class=\"h-time small\">2021-06-08 10:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i><b>Editor's note:</b></i>Recently, hot spots in the market have emerged in an endless stream, with stocks and bonds rising simultaneously, A shares improving, the bond market picking up, RMB appreciating, gold rising continuously, commodities heating up again, etc. The market has changed drastically, styles have changed rapidly, and the operation has become more difficult. To this end, we have sorted out the top ten issues that attract the most attention of investors according to the live speech of Dean Guan's recent wealth activities.<b>1. The economic slowdown superimposes inflation, and the stagflation-like cycle is approaching</b></p><p>In fact, the judgment of the economic cycle can simplify complex problems. Combined with the judgment of the leading economic indicator PMI and the sensitive economic indicator PPI, the current Chinese economy has gradually entered a stagflation-like state. PMI fell for two consecutive months, the pace of economic recovery began to slow down, and the growth momentum declined, mainly because external orders began to weaken. PPI continues to rise, commodities still have momentum to rise, and short-term inflation has not yet peaked. Slowing economic growth and high prices are typical of stagflation. However, it is not the classic stagflation mentioned in textbooks, and prices are rising in an all-round way. This is because this round of recovery has a typical feature, that is, unbalance and obvious differentiation. The price increase is mainly concentrated on upstream raw materials. Due to sluggish domestic demand and weak bargaining power, the transmission of PPI to CPI is not smooth, and the profit has not been significantly improved, which in turn has a certain inhibitory effect on consumption. This situation is even more serious than stagflation.</p><p><b>2. The apex of recovery is likely to appear in the second quarter, and the kinetic energy of economic growth will decline in the second half of the year</b></p><p>This problem can be analyzed from three perspectives:<b>First, real estate is likely to have the risk of falling back in the second half of the year.</b>The resilience of real estate is very strong, but the \"unbeatable Xiaoqiang\" can't stand to fight every day. Nowadays, the mortgage loan is becoming stricter, and the support of the sales side is beginning to weaken. In addition, the financing side of real estate is restricted, the new construction is slowing down, and the investment is likely to gradually decline;<b>Second, infrastructure has gradually entered a downward cycle</b>。 For local governments, risk prevention in the second half of the year is far more important than steady growth. A few days ago, the new local debt limit in 2021 issued by the Ministry of Finance was lower than the budget arrangement, and the issuance of local government special bonds in May was also less than expected. In addition, the pressure of local debt has not been completely alleviated, so the decline of infrastructure investment is inevitable, and the high growth rate is unsustainable;<b>Third, consumption is weak, which is also the most difficult problem.</b>This is because stimulating consumption recovery can't be achieved overnight, and it is a slow job. On the one hand, the impact of the epidemic on small and medium-sized enterprises has not completely passed, and the growth of residents' disposable income has slowed down. On the other hand, we are also in a period of deceleration of consumption growth, and there are structural problems.</p><p><b>3. Short-term inflation still has upward momentum, continuing \"semi-inflation\", but it is basically controllable in the long run</b></p><p>At present, there are structural differences in China's price level. Separating CPI and PPI, the pressure of CPI is not small, and the pressure of PPI is not small. CPI is easily disturbed by the pig cycle, and pig prices have entered a downward cycle, which is not enough to represent the actual price level. PPI is more sensitive and objective to inflation. At this stage, the pressure of rising prices is mainly concentrated on the production side, mainly due to the mismatch between supply and demand. Inflation in the United States is also very serious, and the CPI has recorded the largest year-on-year increase since the subprime mortgage crisis in 2008. This round of inflation may still have the momentum to continue to rise in the short term. This is because although the recovery on the demand side has slowed down, it is not over, and the demand is still strong. On the supply side, the epidemic situation in India, Southeast Asia and other countries has deteriorated again, which affects production and supply. The short-term supply side is damaged, the demand side is relatively strong, and the gap between supply and demand still exists, but it will be eased due to the high-level efforts to stabilize commodity prices. Although the commodity market has not yet peaked, considering that the price increase of upstream commodities has seriously affected the operation of some enterprises, the government has started to intervene. In addition, the speculation on commodities in the international financial market is indeed very serious, and the market is coming to an end, and the fluctuation will obviously increase, which is difficult to grasp. It is recommended to participate cautiously. In the long run, as the popularity of vaccines increases, enterprise production gradually recovers, the gap between supply and demand is repaired, and inflationary pressure is still controllable.</p><p><b>4. Global monetary policy is facing the \"three dilemmas\" dilemma, and the loose boundaries are different. At present, it is difficult to balance between economic recovery, stable prices and stable asset prices</b></p><p>First, it is necessary to stimulate the economic recovery. Although the economy is still in the process of recovery, the growth rate has begun to slow down, and there is still a long way to go from full employment. Loose monetary stimulus is needed to maintain economic growth and ensure employment. Therefore, it is still too early for many countries to withdraw their monetary policies; Second, the prices of commodities have risen one after another, inflation expectations have been heating up, and the market's concerns about rate hike resisting global inflation have been rising; Third, after the epidemic, the global water release gave birth to an unprecedented asset bull market, and the asset bubble problem deserves vigilance. However, now the major central banks in the world dare not act rashly. The financial market collapse after the Turkish rate hike is a tragic lesson. The Federal Reserve is gradually \"kidnapped\" by Wall Street, and it dares not take the initiative to burst the US stock bubble, but it can't let asset prices rise indefinitely.</p><p><b>5. The employment data in the United States is far less than expected, and the Federal Reserve has a high probability of continuous loosening, and there will be no sudden rate hike</b></p><p>The Fed's rate hike is expected to ease as non-farm payrolls have fallen short of expectations for two consecutive months. In April, non-farm employment in the United States was upset, with only 266,000 new jobs, far lower than the estimated value of 1 million. In May, it increased by 559,000, lower than the expected 674,000. The goal of full employment and economic recovery was far from achieved, and the Federal Reserve's monetary policy was hardly tightened. However, the minutes of the recent Federal Reserve meeting released several signals worth paying attention to: First, it began to consider reducing the scale of bond purchases. There will be no rate hike in the short term, but it will consider reducing the scale of bond purchases. But now it is only beginning to \"consider\", and it is still unconcluded when it will start to reduce; Second, it may take some time to achieve the goal of maximizing employment and price stability, which means that the most important thing at this stage is full employment, and it should continue to be loose; Third, we are basically optimistic about inflation. After the short-term effect of inflation subsides, it will ease during the year, and we will maintain a high tolerance for inflation. On the whole, the Fed's position is a little more hawkish than before, and it will marginally tighten its monetary policy by reducing the scale of bond purchases in the future, but now is not the time.</p><p><b>6. China's monetary policy remains neutral, emphasizing \"no sharp turns\", which may be fine-tuned, but it will not turn</b></p><p>The emerging market rate hike is about to hit, and Russia,Brazil,Turkey,and other countries have started rate hike, on the one hand, to control inflation, and on the other hand, to prevent the possible impact of the Federal Reserve's rate hike, but it will not spread to China soon. This is because China has carried out a relatively thorough financial rectification after 2017, so we will be affected by the policy adjustment of the United States, but our ability to resist risks will be stronger. But the economies of Russia, Brazil and Turkey, unlike ours, are much more affected by the Fed than ours. Especially after the epidemic in 2020, China's monetary policy easing was relatively restrained, and it did not practice MMT like Europe, America, Japan and other countries, with unlimited easing. This is because China's economic development stage and China's monetary policy transmission mechanism are very different from those of European and American countries, and cannot be generalized. At the same time, China still has other potential growth potential and does not necessarily require flooding to stimulate the economy. Therefore, China's current monetary policy is more cautious and rational, and the official has clearly stated that it \"does not make sharp turns\" and pays attention to \"fine-tuning\".</p><p><b>2021 is a small year for assets, so the expected rate of return should be reduced to achieve long-term achievement by achieving stability</b></p><p>When we looked forward to the end of last year, we said that 2020 was a big year for the stock market and 2021 was a big year for the property market. This year's stock market will certainly not be as full of opportunities as it was in 2020. For ordinary investors, risks outweigh opportunities. It is mainly based on two judgments: First, there is not so much water. In 2020, M2 is around 21%, and the nominal GDP growth rate is around 16%, with a difference of 5%; In 2021, M2 is expected to be around 10%, and the real GDP growth rate is set at 6%, reserving room for marginal tightening. The inflation target is 3%, and the nominal GDP growth rate is around 9%, which is exactly 1:1 match, and there is not much room. Second, leading stocks are expensive. The core assets have risen too much, deviating from the fundamentals, the valuation is too high, and the risk compensation premium is too low, especially SSE 50, CSI 300 and Science and Technology Innovation Board. Therefore, this wave of adjustment after the Spring Festival is in our expectation. Although there will be staged repair opportunities after the rapid adjustment, the stagflation-like cycle strikes, and neither liquidity nor fundamentals can support an all-round bull market, maintaining the judgment that assets are small during the year.</p><p><b>8. A shares only have structural opportunities, and their styles gradually switch from pro-cyclical to cross-cyclical</b></p><p>The structural opportunities we talked about at the end of last year mainly refer to the stock market style that will switch from the sector where the valuation pushes up institutions in 2020 to the performance-driven procyclical sector. From this round of white horse stock market crash around the Spring Festival to the \"coal flying color dance\" market brought by the rise of commodity prices, it basically confirmed the pro-cyclical market we predicted. But now the recovery is starting to slow, the stagflation-like cycle is getting closer and market style is rebalancing. Due to the slowdown of recovery and early overdraft, the procyclical market is drawing to an end. Although there are still opportunities after the adjustment, it has shifted from unilateral upward to shock stage, with intensified fluctuations and more difficult operation. Cross-cyclical consumption, pharmaceutical and other sectors, especially those companies whose performance can be released continuously, may still have opportunities as long as there is no major tightening of liquidity. In the counter-cyclical science and technology growth sector, due to the tightening of liquidity margin and the low risk appetite, the whole is still under pressure, and only a few performance-driven core leaders can hold it.</p><p><b>9. After the adjustment, the trend of the leading stocks of Baotuan is obviously differentiated, and the core assets are selected with the \"Xueba model\"</b></p><p>After the Spring Festival, the stock market crash of White Horse Stocks was actually expected. It is not a reliable and long-term thing for institutions to hold together. Once some of its elements change, hold together will definitely collapse. In 2021, the investment logic is no longer driven by the valuation caused by loose expectations, but by the fundamentals after the water level drops. Whoever makes good profits and has high stock price performance can take the top spot.<b>The views of white horse stocks can be explained by the \"Xueba Model\".</b>Suppose there is a master student who falls in love after the Spring Festival this year, and his academic performance plummets, and he suddenly falls from the top five in his grade to more than 20 years old. What should you do at this time? Is it to abandon the master student and turn to find the scum student? Or wait patiently for the master to do his own ideological work? In fact, it all depends on your understanding of Xueba. Do you have to understand that this time, the master of the academy made a mistake because of falling in love and wasting time? Or sick? Or is there a psychological problem? This is the same logic as choosing stocks. There is a high probability that a real scholar will make a comeback, while the probability that a scum will play exceptionally is relatively small.<b>Therefore, we advocate that we should continue to pay attention to performance. While supported by fundamentals, investors should resist the pressure of valuation adjustment of core assets and accompany Xueba.</b></p><p><b>1</b><b><b>0. Mortgage interest rate is raised, and the window period of house purchase is gradually closed</b></b></p><p>Under easing, there is no bear market in real estate. Similarly, after tightening, the bull market in real estate is unsustainable. At the end of last year, we said that this year is a big year for the property market. Due to the low base effect and the increased push, the real estate sales reached a record high in the first quarter, and the annual sales are expected to exceed 18 trillion yuan, a record. The new year for the property market has been booked in advance. However, with the change of liquidity, mortgage interest rates have been raised in various places, and some cities even plan to tentatively make second-hand housing loans. Difficult and expensive loans are the general trend, which will inevitably dampen the enthusiasm for buying houses, and the window period for buying houses will gradually close.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/S9wHhAYd5vrsRbR_o0ENBw\">清友会</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/S9wHhAYd5vrsRbR_o0ENBw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151376161","content_text":"编者按：近期市场热点层出不穷，股债汇金同步大涨，A股好转、债市回暖、人民币升值、黄金连续上涨、大宗商品再度升温等等，市场剧烈变化，风格快速切换，操作难度加大。为此，我们根据管院长近期财富活动的现场演讲，整理出最受投资者关注的十大问题。\n\n1、经济放缓叠加通胀升温，类滞胀周期正在临近\n对于经济周期的判断，其实可以复杂问题简单化，结合经济先行指标PMI和经济敏感指标PPI判断，当前中国经济已经逐步进入到类滞胀状态。PMI连续两个月回落，经济复苏步伐开始放缓，增长动能有所下滑，主要是外需订单开始走弱。PPI持续上行，大宗商品还有冲高动能，短期通胀尚未见顶。经济增速放缓，物价处于高位，这就是滞胀的典型特征。但并不是教科书里讲的那种经典滞胀，物价全面上行，这是因为本轮复苏有一个典型的特征，那就是不均衡、分化明显，涨价主要集中在上游原材料上，终端由于内需不振、议价能力偏弱，所以PPI向CPI传导并不顺畅，盈利也未能有明显的改善，进而对消费也产生了一定的抑制作用，这种情况比滞胀还要严重。\n2、复苏顶点大概率在二季度出现，下半年经济增长动能会有所衰减\n可以从三个角度来分析这个问题：一是房地产在下半年很可能有回落风险。房地产的韧性很强，但“打不死的小强”也架不住天天打，如今房贷趋严，销售端支撑开始趋弱，再加上房地产的融资端受到了限制，新开工放缓，投资很有可能逐渐回落；二是基建已经逐步进入了下行周期。对于地方政府，下半年防风险远比稳增长更重要，前几天财政部下达的2021年新增地方债限额低于预算安排额度，5月地方政府专项债发行也是不及预期，加之地方债压力仍未彻底缓解，基建投资下滑是在所难免，高增速难以为继；三是消费疲软，这也是最棘手的问题。这是因为刺激消费复苏不能一蹴而就，是个慢活。一方面是疫情对中小企业的冲击并没有完全过去，居民可支配收入增长放缓，另一方面我们也正处于消费增长的减速期，存在结构性问题。\n3、短期通胀仍有上行动力，延续“半通货膨胀”，但长期来看基本可控\n当前中国的物价水平是有结构性差异的，将CPI和PPI分开来看，CPI压力不大，PPI压力不小。CPI容易受猪周期干扰，猪价已进入下行周期，不足以代表实际物价水平，PPI对通胀更加敏感和客观，现阶段物价上涨压力主要集中在生产端，主要原因是供需错配。美国通胀也很严重，CPI已经创下2008年次贷危机以来最大同比增幅。本轮通胀短期可能还有继续上行的动力，这是因为需求端虽然复苏有所放缓，但并未结束，需求依旧强劲，供给端由于印度、东南亚等国家疫情再度恶化，影响生产供给，短期供给侧受损、需求侧相对旺盛，供需缺口依旧存在，但由于高层出手稳定大宗商品价格，会有所缓解。大宗商品行情虽然尚未见顶，但考虑到上游大宗商品涨价已经严重影响到部分企业经营情况，政府已经出手开始干预，加之国际金融市场对商品的炒作确实非常严重，行情已接近尾声，波动也会明显加大，难以把握，建议谨慎参与。长期来看，随着疫苗普及程度提升，企业生产逐渐恢复，供求缺口修复，通胀压力还算可控。\n4、全球货币政策面临“三难”困境，宽松的边界各不相同。当前全球对于经济复苏、物价平稳、资产价格平稳三者之间难以兼顾\n一是要刺激经济的复苏，虽然经济还在复苏过程中，但增速已经开始放缓，离充分就业还有不小的距离，需要宽松的货币刺激来维持经济增长和保障就业，所以对于不少国家货币政策退出还为时尚早；二是大宗商品接连涨价，通胀预期不断升温，市场关于加息抵御全球性通胀的担忧不断提升；三是疫情之后，全球大放水催生了史无前例的资产大牛市，资产泡沫问题值得警惕，但现在全球主要央行都不敢轻举妄动，土耳其加息后金融市场崩盘就是很惨烈的教训，美联储也逐步被华尔街“绑架”，不敢主动戳破美股泡沫，但也不能放任资产价格无限上涨。\n5、美国就业数据远不及预期，美联储大概率持续宽松，不会骤然加息\n由于非农就业连续两个月不及预期，美联储加息预期有所缓解。4月美国非农就业大爆冷，新增就业人数仅26.6万人，远低于100万的预计值，5月增加55.9万，低于预期的67.4万，充分就业和经济复苏的目标远未达成，美联储货币政策难说收紧。但近期的美联储会议纪要释放了几点值得关注的信号：一是开始考虑缩减购债规模，短期不会加息，但会考虑缩减购债规模，但现在仅仅是开始“考虑”，具体什么时候开始缩减还没结论；二是要实现最大化就业和价格稳定目标，可能还需要一段时间，意味着现阶段最重要的是充分就业，还要继续维持宽松；三是对通胀基本持有乐观态度，通胀短期效应消退后，年内会有所缓解，对通胀保持较高的容忍度。综合来看，美联储表态比之前更鹰派一点，未来会通过缩减购债规模来边际收紧货币政策，但现在还不是时候。\n6、中国货币政策维持中性，强调“不急转弯”，可能微调，但不至于转向\n新兴市场加息潮将来袭，俄罗斯、巴西、土耳其等国已经开始加息，一方面是控制通胀，另一方面是防止美联储加息可能带来的冲击，但不会很快蔓延到中国。这是因为中国在2017年之后进行了一场比较彻底的金融大整顿，因此我们受到美国政策调整的影响会有，但是抗风险能力会比较强。可俄罗斯、巴西和土耳其这些经济体和我们不同，它们受到美联储的影响要比我们要大得多。特别是2020年疫情以后，我国货币政策宽松相对克制，并没有像欧美日等国践行MMT，无上限宽松，这是因为中国的经济发展阶段、中国的货币政策传导机制，都和欧美国家有很大差别，不能一概而论。同时中国仍有其他潜在增长潜力，并不一定需要大水漫灌来刺激经济。因此我国当前的货币政策比较谨慎、理性，官方也明确表明“不急转弯”，注重“微调”。\n7、2021年是资产小年，应降低预期收益率，行稳才能致远\n我们在去年年底展望的时候说2020年是股市大年，2021年是楼市大年。今年的股市肯定不会像2020年那样充满机会，对于普通投资者而言，是风险大于机会。主要是基于两点判断：一是水没有那么多。2020年M2在21%左右，名义GDP增速在16%左右，有5%的差值；2021年M2预计在10%左右，实际GDP增速定的目标是6%，预留了边际收紧的空间，通胀目标是3%，名义GDP增速在9%左右，正好1:1匹配，没有太大的空间。二是龙头股偏贵。核心资产抱团涨得太多，脱离基本面，估值太高，风险补偿溢价太低，特别是上证50、沪深300和科创板。所以春节过后的这波调整在我们的预期之中，虽然快速调整之后，会有阶段性的修复机会，但类滞胀周期来袭，流动性和基本面都无法支撑全面的大牛市，维持年内资产小年的判断。\n8、A股只有结构性机会，风格逐渐从顺周期向跨周期切换\n去年年底我们说的结构性的机会，主要指的是股市风格将从2020年估值推升机构抱团的板块，切换为业绩驱动的顺周期板块。从春节前后这一轮白马股股灾，到后来大宗商品价格上涨带来的“煤飞色舞”行情，基本印证了我们预判的顺周期行情。但现在复苏开始放缓，类滞胀周期越来越近，市场风格出现再平衡。顺周期行情由于复苏放缓和前期透支，行情接近尾声，虽然调整后还有机会，但已经从单边上行转向震荡阶段，波动加剧，操作难度加大。跨周期的消费、医药等板块，特别是那些业绩能持续释放的公司，流动性只要没有大的收紧，可能仍有机会。逆周期的科技成长板块，由于流动性边际收紧，风险偏好处于低位，整体依然承压，只有极少数业绩驱动型的核心龙头能扛住。\n9、抱团龙头股调整后走势明显分化，用“学霸模型”选择核心资产\n春节后白马股的股灾其实是在意料中的，机构抱团并不是一件靠谱且长久的事，一旦其中部分要素发生变化，抱团肯定会瓦解。2021年投资逻辑不再是宽松预期导致的估值驱动，而是水位下降之后的基本面驱动，谁盈利好，股价性价比高，谁就能拔得头筹。对于白马股的看法，可以用“学霸模型”来解释一下。假设有一个学霸，在今年春节以后谈恋爱，学习成绩直线下降，一下子从年级前五名掉到了年纪二十多名。这时候你该怎么办？是抛弃学霸转身去找学渣？还是耐心等学霸做好自己的思想工作？其实这一切都取决于你对学霸的理解。你要搞懂这次学霸发挥失误是因为谈恋爱耽误时间了？还是生病了？抑或是心理出现了问题？这和选择股票的逻辑是一样的。真正的学霸大概率会东山再起，学渣超常发挥的概率相对较小。因此我们主张要继续去关注业绩，有基本面支撑的同时，投资者要抗住核心资产的估值调整的压力，陪伴学霸。\n10、房贷利率上调，购房窗口期逐渐关闭\n宽松之下，地产无熊市，同理，紧缩之后，地产牛市难以为继。去年年底我们曾说今年是楼市大年，由于低基数效应和推盘力度加大，一季度地产销量创历史新高，全年销售额有望突破18万亿，创历史记录，楼市大年已经提前预定。但是随着流动性发生变化，各地纷纷上调房贷利率，部分城市甚至计划暂定二手房贷款，贷款难和贷款贵已是大势所趋，势必会打击购房积极性，购房窗口期逐渐关闭。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135623440,"gmtCreate":1622162055380,"gmtModify":1704180549155,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135623440","repostId":"1139893263","repostType":4,"repost":{"id":"1139893263","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621926753,"share":"https://ttm.financial/m/news/1139893263?lang=en_US&edition=fundamental","pubTime":"2021-05-25 15:12","market":"hk","language":"zh","title":"Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1139893263","media":"老虎资讯综合","summary":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景","content":"<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" 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>Reminder: U.S. stocks are closed for one day on May 31 due to Memorial Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. stocks are closed for one day on May 31 due to Memorial Day\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-25 15:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that on May 31st (Monday), the U.S. stock market was closed for one day due to Memorial Day in the United States, and it will trade as usual from Tuesday.</p><p>On Monday, May 31st, the British stock market was closed for one day due to Bank Holiday, and trading as usual from Tuesday.</p><p>Hong Kong shares, A shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p>Memorial Day: A holiday commemorated by most states in the United States. It was originally May 30. After 1971, many states changed it to the last Monday of May to ensure that federal employees could enjoy this Day of rest.</p><p>In the American Civil War, countless soldiers were killed in battle. At the end of the war, many families in the south began to pay tribute to the soldiers killed in the war. Northerners were deeply moved by the fact that they offered flowers in the spring to the graves of the dead on both sides, regardless of north and south, and saw the gesture as a symbol of national unity. In 1868, May 30 was officially sanctioned as the day to lay flowers in honor of the soldiers who died heroically in defence of the motherland.</p><p>Every Memorial Day, American active-duty soldiers and veterans line up to the cemetery, shoot guns to pay tribute to the fallen soldiers, and blow the lights out in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139893263","content_text":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景简介：阵亡将士纪念日（Memorial Day）：是美国大多数州都要纪念的节日，时间原为5月30日，1971年以后，为保证联邦雇员都能享有这一休息日，许多州将它改在5月的最后一个星期一。美国南北战争中，无数将士在战火中阵亡。战争结束，南部许多家庭开始祭奠战争中阵亡的将士。他们不分南北双方，在春天向双方死者的墓地都奉献鲜花，北方人为此深受感动，将这一举动视为民族团结的象征。1868年，5月30日这一天被正式批准为向为保卫祖国而英勇牺牲的士兵们敬献鲜花的日子。每逢阵亡将士纪念日，美国现役军人和老战士便排成长长的队伍前往墓地，鸣枪向阵亡将士致意，吹响军中熄灯号让死难将士安息。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192463198,"gmtCreate":1621223004314,"gmtModify":1704354191592,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192463198","repostId":"1173867331","repostType":4,"isVote":1,"tweetType":1,"viewCount":3040,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377364484,"gmtCreate":1619498025648,"gmtModify":1704724951825,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"h","listText":"h","text":"h","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/377364484","repostId":"1171495583","repostType":4,"repost":{"id":"1171495583","kind":"news","pubTimestamp":1619497808,"share":"https://ttm.financial/m/news/1171495583?lang=en_US&edition=fundamental","pubTime":"2021-04-27 12:30","market":"sh","language":"zh","title":"SAIC and WM Motor make efforts to SOA, is it \"overtaking in corners\" under the switching dimension?","url":"https://stock-news.laohu8.com/highlight/detail?id=1171495583","media":"投中网","summary":"SOA理念可能就是这次变革的马前卒，可以让这场变革更加水到渠成。今年开始，上汽、威马、岚图、哪吒等谈及智能汽车时，都有提及SOA架构。\n\n是什么成就苹果超2万亿美元的市值？\n凯文·凯利曾在演讲时指出：","content":"<p>SOA philosophy may be the pawn of this change, which can make this change more natural. Since this year, SAIC, WM Motor, Lantu, Nezha, etc. have all mentioned SOA architecture when talking about smart cars. What made Apple's market cap of over $2 trillion?</p><p>Kevin Kelly once pointed out in his speech: \"The future technological innovation lies on the edge outside the mainstream. For example, when your tractor is getting better and better, the car may counterattack at another technical level. This is where the future lies.\" This sentence not only explains that Apple's innovation is a breakthrough in another dimension, but also invisibly reveals a possible change idea of the automobile industry.</p><p>In the post-epidemic era, SDV (software-defined car) became a bad word spoken by car companies, and then the saying \"user-defined car\" was born. However, car companies still want users to understand more. When the change is related to technology research and development, it is necessary to consider what concept to design the architecture to carry the software and give full play to the real value of SDV.</p><p>The SOA concept may be the pawn of this change, which can make this change more natural. Since this year, SAIC, WM Motor, Lantu, Nezha, etc. have all mentioned SOA architecture when talking about smart cars. This month, SAIC also held the Global SOA Platform Developers Conference. What signals does SOA architecture reveal for the industry when it is introduced into automobiles?</p><p><b>SOA sets up the \"stage\", and cars play the \"Apple APP\" style revolution</b></p><p>SOA is not a new term, and it has been tried in the automotive industry. In fact, Nio and XPeng are already trying to apply some SOA architecture design, such as the mature OTA function and remote diagnosis function, which are all within the application scope of SOA architecture.</p><p>Take the analogy of smart phones. Apple's mobile phones have a similar architecture, which is shown in the form of App Store, a platform open to developers. SOA is to cars what Apple's App Store is to the iPhone. It opens up the hardware capabilities of cars for software developers to call in to achieve corresponding functions.</p><p>From the advent of iPhone 3G and the opening of Apple Store to third-party developers, there are now more than 5 million applications on Apple Store, thus Apple has the world's leading software ecosystem. With the support of a few sensors and actuators on Apple's mobile phone, iOS has been able to provide millions of applications, and the hardware complexity of cars far exceeds that of mobile phones. The imagination behind importing SOA platform into it is huge.</p><p>An ordinary user who doesn't know how to write code can generate personalized scenes that meet the user's needs by integrating the trigger conditions of various modules such as car windows, audio and ambient lights into his own APP. Upload the APP to the APP store and download it to the car, so that users can use it.</p><p>For example, when the car needs ventilation, the driver wants to open the external circulation of the car, and the two passengers wish to open the window and sunroof respectively, so that three different needs appear, and they can be completely realized by user self-customization. This is just the simplest way to play. Through the combination of multiple functions, it can theoretically produce a large number of brand-new applications, and ultimately expand the capabilities of smart cars.</p><p>Similar to the App Store, developers can use buyout or subscription charges when using the SOA platform to provide services to users. Developers make commercial gains, and car companies can also make profits. However, the SOA platform is still in its infancy, and how to formulate a business model is still unclear.</p><p>At present, SAIC Zero Beam and Weima are one of the few companies that choose to build SOA platform for the whole vehicle, while Nezha and Gaohe have mentioned the introduction of SOA concept, but the products have not landed at present.</p><p>Together with the first batch of developers, SAIC Zero Beam has developed dozens of exclusive application scenarios for intelligent cars, hundreds of users'\"thousands of people and thousands of faces\" mode, and some typical intelligent automobile applications. At present, the software of the platform can be used in SAIC's R car and Zhiji car.</p><p>Weimar applied the SOA platform in Weimar W6 vehicle, launched the custom programming function, with over 100 custom scenes, and the mobile phone terminal was synchronized with the vehicle terminal; Nezha S also based the whole system on SOA architecture, but the official launch time of the product may be in the second half of 2022.</p><p>Compared with these companies, SAIC and WM Motor's exploration on the SOA platform has products landing, among which SAIC's opening process runs faster, while WM Motor's landing time, that is, the car release time, is slightly earlier. However, Nezha has the slowest progress because the whole vehicle has not been announced.</p><p>Even so, the openness of SAIC's zero-beam SOA platform still has room for great improvement. \"Intelligent Relativity\" understands that its platform is divided into three modes. Two versions for ordinary users and third-party developers have been announced to the outside world, while the versions for OEMs and suppliers have not been specifically displayed.</p><p>As a key part of opening up, it is most difficult for car companies to achieve cross-brand and cross-model, which not only puts forward high requirements for the R&D engineer team, but also relates to the balance of interests with Tier1 and other OEMs. This also makes everyone look forward to SOA platform, see a lot of difficulties and challenges.</p><p><b>It is not easy to set up a \"stage\", and I am afraid that \"no one will sing or support\"</b></p><p>Another advantage through the SOA architecture is that the leadership of software development will return to car companies. As a result, car companies need a lot of R&D work and talent.</p><p>Insiders told \"Intelligent Relativity\", \"Architectural engineers are paid very highly, but they can't be recruited with a high salary, because this position has extremely high requirements for people, and he needs to have a professional understanding of cars and software.\"</p><p>At the beginning of the definition of the whole vehicle function, the whole SOA team must participate, which will cost a lot of money whether it is SAIC Zero Beam, WM Motor, Nezha or other car companies. However, apart from the technical level, there are still many practical problems, such as how can car companies attract developers to settle in the platform?</p><p>Taking SAIC Zero Beam SOA platform as an example, in order to achieve the original intention of letting more developers and even ordinary users continue to participate in software development, it is necessary to lower the entry threshold to expand the user base and help the platform atmosphere become active. After building services and functions, it will improve the quality of the whole platform to attract new developers, and ultimately feed back the SOA platform. Once it runs, there will be a \"flywheel effect\", forming a scale.</p><p>Many Internet phenomena are similar to this, such as take-out, shopping e-commerce, and online car-hailing platforms. The number of merchants and users are mutually promoted and premised on each other. In order to expand the scale of the two platforms, spending money subsidies is often a common practice of cold start.</p><p>It is indeed so, and developers can't always be \"generating electricity for love\". Similar to the App Store, making an incentive plan is a problem that car companies need to think about. It is difficult to avoid the early investment of car companies, and after that, how to divide the interests of users, developers and car companies is very important, which is related to the long-term survival of the platform.</p><p>Another key question is, how can car companies break the boundary? When developing, mobile phone developers only need to focus on Android and iOS systems, and then simply adapt the models. When the software gets on the bus, there are countless models and brands. Whether it is SAIC Zero Beam or Weima, at present, the platform is only landing on its models. In the future, the scale of developers will open up a new growth space, and there is no doubt that more friends will need to integrate into the platform.</p><p>The difficulty in this piece actually lies not in how the platform \"adapts\" to friends, but also in how the platform \"absorbs\" friends. The current trend of the automobile industry is that the underlying things such as traditional automobile hardware and intelligent hardware are gradually becoming open, standardized and supported by industrial scale. Instead, the competition between each company is the competition between the software layer and the service layer, which are all \"friends\" who don't want to lose.</p><p>In addition, security issues are also necessary considerations for the development of the platform. There are hundreds of hardware available on the car for software invocation, and considering driving safety, the fault tolerance rate of car software (such as crashes, crashes) is far lower than that of the App Store.</p><p>This means that some functions involving automobile sports and autonomous driving can't be opened to users, and can only be designed by OEMs with strong R&D capabilities. This also creates a contradictory fact: \"high-tech entry threshold\" and \"attracting more developers\" can't have both, because security must be guaranteed.</p><p>WM said that W6 users can create their own driving modes through \"WM Express\", including software and hardware settings preferred by users such as L2 driver assistance system, music, air conditioning temperature, seat adjustment, etc., and add and set them according to their own preferences. When SAIC Zero Beam introduced the platform, it talked more about the functions of life and entertainment systems.</p><p>The security level of the entertainment system function itself is lower than the requirements of other domains, which is the easiest to implement, while the opposite is completely the case in ADAS domain. Therefore, in the development trend of SOA platform, the functions need to be pushed and improved step by step by SAIC Zero Beam and Weimar until they are completely opened.</p><p><b>Soul torture: Everyone wants to do it, why do you succeed?</b></p><p>The ideal is full, but the reality is somewhat skinny. If car companies want to build the moat of SOA platform, the difficulty they face should not be underestimated. As mentioned earlier, SAIC, WM Motor, Nezha and Gaohe are also eager to try SOA architecture.</p><p>Of course, these are only currently known OEMs. Including Xiaomi, Didi, etc., more and more technology and Internet giants have begun to lay out the field of smart cars. From \"software-defined car\" to \"user-defined car\" has become a hot topic, and it is conceivable that Xiaomi and Didi attach importance to \"SOA\".</p><p>Xiaomi Didi has made a new related strategic extension by virtue of its advantages in hardware manufacturing and software operation in its original business fields. Among them, Xiaomi has a larger number of users behind it than traditional car companies, which can better support the commercial imagination of SOA platform.</p><p>The architecture of Xiaomi's car building is still unknown, but in the face of its huge number of \"rice noodles\", Xiaomi will undoubtedly attach importance to their opinions, and there is a high probability that \"SOA\" will be introduced. Through the SOA platform, \"rice noodles\" can generate personalized scenes that meet their car ownership preferences and driving habits, which is consistent with its emphasis on \"user participation\".</p><p>Compared with friends and businessmen, the advantage of SAIC Zero Beam and Weima lies in \"first-mover\", which will run out of a certain scale earlier. Wang Jun, president of Huawei Smart Car Solution BU, said at the SAIC Developers Conference that the wider the application range of the software platform, the lower the marginal cost. Scale is the most fundamental business logic to achieve profitability.</p><p>Although Baidu, Tencent, Huawei and many other technology Internet companies have talked about the possible cooperation between themselves and SAIC SOA, they and SAIC will have a competitive relationship in the future, and take these things in their own hands. Similarly, other car companies will also build their own SOA platforms. The development idea can be to expand outward or choose to use themselves, but it also means that SAIC and WM Motor SOA platforms will lose this part of the resources.</p><p>However, for small car companies, they will consider whether the scale of users can support the commercialization of self-built platforms. If they decide to use the platform of large car companies, they will weigh which platform ecology is better, so that every link of their own industrial chain is expected to benefit from it.</p><p>Therefore, absorbing these small car companies will be an important direction for SAIC and other large car companies to expand their \"circle of friends\" in the future. In the long run, SAIC's zero-beam SOA platform will be tested on other brands as it gradually opens up. Regardless of whether small car enterprises adopt their own platform, the first step can be to unify the interface standards, so that small car enterprises can integrate into the ecology.</p><p>Generally speaking, electrification and intelligence are building a new track for the next round of industrial competition, and SOA platform has become one of the keys for many car companies to grab the volume. Everyone wants to be an \"App Store\", but there may only be one in the end. At present, SAIC Zero Beam, WM Motor and other car companies are still in their infancy in the direction of \"SOA\", and the future competition format is still unknown. What we need to do is to let the \"bullets\" of car companies fly for a while.</p>","source":"tzw","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>SAIC and WM Motor make efforts to SOA, is it \"overtaking in corners\" under the switching dimension?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSAIC and WM Motor make efforts to SOA, is it \"overtaking in corners\" under the switching dimension?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">投中网</strong><span class=\"h-time small\">2021-04-27 12:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>SOA philosophy may be the pawn of this change, which can make this change more natural. Since this year, SAIC, WM Motor, Lantu, Nezha, etc. have all mentioned SOA architecture when talking about smart cars. What made Apple's market cap of over $2 trillion?</p><p>Kevin Kelly once pointed out in his speech: \"The future technological innovation lies on the edge outside the mainstream. For example, when your tractor is getting better and better, the car may counterattack at another technical level. This is where the future lies.\" This sentence not only explains that Apple's innovation is a breakthrough in another dimension, but also invisibly reveals a possible change idea of the automobile industry.</p><p>In the post-epidemic era, SDV (software-defined car) became a bad word spoken by car companies, and then the saying \"user-defined car\" was born. However, car companies still want users to understand more. When the change is related to technology research and development, it is necessary to consider what concept to design the architecture to carry the software and give full play to the real value of SDV.</p><p>The SOA concept may be the pawn of this change, which can make this change more natural. Since this year, SAIC, WM Motor, Lantu, Nezha, etc. have all mentioned SOA architecture when talking about smart cars. This month, SAIC also held the Global SOA Platform Developers Conference. What signals does SOA architecture reveal for the industry when it is introduced into automobiles?</p><p><b>SOA sets up the \"stage\", and cars play the \"Apple APP\" style revolution</b></p><p>SOA is not a new term, and it has been tried in the automotive industry. In fact, Nio and XPeng are already trying to apply some SOA architecture design, such as the mature OTA function and remote diagnosis function, which are all within the application scope of SOA architecture.</p><p>Take the analogy of smart phones. Apple's mobile phones have a similar architecture, which is shown in the form of App Store, a platform open to developers. SOA is to cars what Apple's App Store is to the iPhone. It opens up the hardware capabilities of cars for software developers to call in to achieve corresponding functions.</p><p>From the advent of iPhone 3G and the opening of Apple Store to third-party developers, there are now more than 5 million applications on Apple Store, thus Apple has the world's leading software ecosystem. With the support of a few sensors and actuators on Apple's mobile phone, iOS has been able to provide millions of applications, and the hardware complexity of cars far exceeds that of mobile phones. The imagination behind importing SOA platform into it is huge.</p><p>An ordinary user who doesn't know how to write code can generate personalized scenes that meet the user's needs by integrating the trigger conditions of various modules such as car windows, audio and ambient lights into his own APP. Upload the APP to the APP store and download it to the car, so that users can use it.</p><p>For example, when the car needs ventilation, the driver wants to open the external circulation of the car, and the two passengers wish to open the window and sunroof respectively, so that three different needs appear, and they can be completely realized by user self-customization. This is just the simplest way to play. Through the combination of multiple functions, it can theoretically produce a large number of brand-new applications, and ultimately expand the capabilities of smart cars.</p><p>Similar to the App Store, developers can use buyout or subscription charges when using the SOA platform to provide services to users. Developers make commercial gains, and car companies can also make profits. However, the SOA platform is still in its infancy, and how to formulate a business model is still unclear.</p><p>At present, SAIC Zero Beam and Weima are one of the few companies that choose to build SOA platform for the whole vehicle, while Nezha and Gaohe have mentioned the introduction of SOA concept, but the products have not landed at present.</p><p>Together with the first batch of developers, SAIC Zero Beam has developed dozens of exclusive application scenarios for intelligent cars, hundreds of users'\"thousands of people and thousands of faces\" mode, and some typical intelligent automobile applications. At present, the software of the platform can be used in SAIC's R car and Zhiji car.</p><p>Weimar applied the SOA platform in Weimar W6 vehicle, launched the custom programming function, with over 100 custom scenes, and the mobile phone terminal was synchronized with the vehicle terminal; Nezha S also based the whole system on SOA architecture, but the official launch time of the product may be in the second half of 2022.</p><p>Compared with these companies, SAIC and WM Motor's exploration on the SOA platform has products landing, among which SAIC's opening process runs faster, while WM Motor's landing time, that is, the car release time, is slightly earlier. However, Nezha has the slowest progress because the whole vehicle has not been announced.</p><p>Even so, the openness of SAIC's zero-beam SOA platform still has room for great improvement. \"Intelligent Relativity\" understands that its platform is divided into three modes. Two versions for ordinary users and third-party developers have been announced to the outside world, while the versions for OEMs and suppliers have not been specifically displayed.</p><p>As a key part of opening up, it is most difficult for car companies to achieve cross-brand and cross-model, which not only puts forward high requirements for the R&D engineer team, but also relates to the balance of interests with Tier1 and other OEMs. This also makes everyone look forward to SOA platform, see a lot of difficulties and challenges.</p><p><b>It is not easy to set up a \"stage\", and I am afraid that \"no one will sing or support\"</b></p><p>Another advantage through the SOA architecture is that the leadership of software development will return to car companies. As a result, car companies need a lot of R&D work and talent.</p><p>Insiders told \"Intelligent Relativity\", \"Architectural engineers are paid very highly, but they can't be recruited with a high salary, because this position has extremely high requirements for people, and he needs to have a professional understanding of cars and software.\"</p><p>At the beginning of the definition of the whole vehicle function, the whole SOA team must participate, which will cost a lot of money whether it is SAIC Zero Beam, WM Motor, Nezha or other car companies. However, apart from the technical level, there are still many practical problems, such as how can car companies attract developers to settle in the platform?</p><p>Taking SAIC Zero Beam SOA platform as an example, in order to achieve the original intention of letting more developers and even ordinary users continue to participate in software development, it is necessary to lower the entry threshold to expand the user base and help the platform atmosphere become active. After building services and functions, it will improve the quality of the whole platform to attract new developers, and ultimately feed back the SOA platform. Once it runs, there will be a \"flywheel effect\", forming a scale.</p><p>Many Internet phenomena are similar to this, such as take-out, shopping e-commerce, and online car-hailing platforms. The number of merchants and users are mutually promoted and premised on each other. In order to expand the scale of the two platforms, spending money subsidies is often a common practice of cold start.</p><p>It is indeed so, and developers can't always be \"generating electricity for love\". Similar to the App Store, making an incentive plan is a problem that car companies need to think about. It is difficult to avoid the early investment of car companies, and after that, how to divide the interests of users, developers and car companies is very important, which is related to the long-term survival of the platform.</p><p>Another key question is, how can car companies break the boundary? When developing, mobile phone developers only need to focus on Android and iOS systems, and then simply adapt the models. When the software gets on the bus, there are countless models and brands. Whether it is SAIC Zero Beam or Weima, at present, the platform is only landing on its models. In the future, the scale of developers will open up a new growth space, and there is no doubt that more friends will need to integrate into the platform.</p><p>The difficulty in this piece actually lies not in how the platform \"adapts\" to friends, but also in how the platform \"absorbs\" friends. The current trend of the automobile industry is that the underlying things such as traditional automobile hardware and intelligent hardware are gradually becoming open, standardized and supported by industrial scale. Instead, the competition between each company is the competition between the software layer and the service layer, which are all \"friends\" who don't want to lose.</p><p>In addition, security issues are also necessary considerations for the development of the platform. There are hundreds of hardware available on the car for software invocation, and considering driving safety, the fault tolerance rate of car software (such as crashes, crashes) is far lower than that of the App Store.</p><p>This means that some functions involving automobile sports and autonomous driving can't be opened to users, and can only be designed by OEMs with strong R&D capabilities. This also creates a contradictory fact: \"high-tech entry threshold\" and \"attracting more developers\" can't have both, because security must be guaranteed.</p><p>WM said that W6 users can create their own driving modes through \"WM Express\", including software and hardware settings preferred by users such as L2 driver assistance system, music, air conditioning temperature, seat adjustment, etc., and add and set them according to their own preferences. When SAIC Zero Beam introduced the platform, it talked more about the functions of life and entertainment systems.</p><p>The security level of the entertainment system function itself is lower than the requirements of other domains, which is the easiest to implement, while the opposite is completely the case in ADAS domain. Therefore, in the development trend of SOA platform, the functions need to be pushed and improved step by step by SAIC Zero Beam and Weimar until they are completely opened.</p><p><b>Soul torture: Everyone wants to do it, why do you succeed?</b></p><p>The ideal is full, but the reality is somewhat skinny. If car companies want to build the moat of SOA platform, the difficulty they face should not be underestimated. As mentioned earlier, SAIC, WM Motor, Nezha and Gaohe are also eager to try SOA architecture.</p><p>Of course, these are only currently known OEMs. Including Xiaomi, Didi, etc., more and more technology and Internet giants have begun to lay out the field of smart cars. From \"software-defined car\" to \"user-defined car\" has become a hot topic, and it is conceivable that Xiaomi and Didi attach importance to \"SOA\".</p><p>Xiaomi Didi has made a new related strategic extension by virtue of its advantages in hardware manufacturing and software operation in its original business fields. Among them, Xiaomi has a larger number of users behind it than traditional car companies, which can better support the commercial imagination of SOA platform.</p><p>The architecture of Xiaomi's car building is still unknown, but in the face of its huge number of \"rice noodles\", Xiaomi will undoubtedly attach importance to their opinions, and there is a high probability that \"SOA\" will be introduced. Through the SOA platform, \"rice noodles\" can generate personalized scenes that meet their car ownership preferences and driving habits, which is consistent with its emphasis on \"user participation\".</p><p>Compared with friends and businessmen, the advantage of SAIC Zero Beam and Weima lies in \"first-mover\", which will run out of a certain scale earlier. Wang Jun, president of Huawei Smart Car Solution BU, said at the SAIC Developers Conference that the wider the application range of the software platform, the lower the marginal cost. Scale is the most fundamental business logic to achieve profitability.</p><p>Although Baidu, Tencent, Huawei and many other technology Internet companies have talked about the possible cooperation between themselves and SAIC SOA, they and SAIC will have a competitive relationship in the future, and take these things in their own hands. Similarly, other car companies will also build their own SOA platforms. The development idea can be to expand outward or choose to use themselves, but it also means that SAIC and WM Motor SOA platforms will lose this part of the resources.</p><p>However, for small car companies, they will consider whether the scale of users can support the commercialization of self-built platforms. If they decide to use the platform of large car companies, they will weigh which platform ecology is better, so that every link of their own industrial chain is expected to benefit from it.</p><p>Therefore, absorbing these small car companies will be an important direction for SAIC and other large car companies to expand their \"circle of friends\" in the future. In the long run, SAIC's zero-beam SOA platform will be tested on other brands as it gradually opens up. Regardless of whether small car enterprises adopt their own platform, the first step can be to unify the interface standards, so that small car enterprises can integrate into the ecology.</p><p>Generally speaking, electrification and intelligence are building a new track for the next round of industrial competition, and SOA platform has become one of the keys for many car companies to grab the volume. Everyone wants to be an \"App Store\", but there may only be one in the end. At present, SAIC Zero Beam, WM Motor and other car companies are still in their infancy in the direction of \"SOA\", and the future competition format is still unknown. What we need to do is to let the \"bullets\" of car companies fly for a while.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.chinaventure.com.cn/news/78-20210427-361891.html\">投中网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edb5904d62b10798f760277be625646d","relate_stocks":{},"source_url":"https://www.chinaventure.com.cn/news/78-20210427-361891.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171495583","content_text":"SOA理念可能就是这次变革的马前卒，可以让这场变革更加水到渠成。今年开始，上汽、威马、岚图、哪吒等谈及智能汽车时，都有提及SOA架构。\n\n是什么成就苹果超2万亿美元的市值？\n凯文·凯利曾在演讲时指出：“未来技术革新的所在，是在主流之外的边缘地带，比如当你的拖拉机越造越好的时候，汽车也许在另一个技术层面上逆袭。这就是未来的所在。”这句话不仅诠释苹果的创新是换一种维度的突破，也无形中道出汽车产业一种可能的变革思路。\n后疫情时代，SDV（软件定义汽车）成为被车企们讲烂的词汇，随后还诞生出“用户定义汽车”这一说法。但是，车企更多还是想让用户好理解罢了，当变革关乎到技术研发时，必然要考虑用什么理念设计架构以承载软件，发挥SDV的真正价值。\n而SOA理念可能就是这次变革的马前卒，可以让这场变革更加水到渠成。今年开始，上汽、威马、岚图、哪吒等谈及智能汽车时，都有提及SOA架构。这个月，上汽还举办了全球SOA平台开发者大会。SOA架构被引入汽车，透露出行业的哪些信号？\nSOA搭“戏台”，汽车玩起“苹果APP”式革命\nSOA并不是个新名词，在汽车行业也早有尝试。蔚来、小鹏实际上已经在尝试进行一些SOA架构设计的运用，比如目前已经较为成熟的OTA功能以及远程诊断功能，都在SOA架构的运用范畴之内。\n拿智能手机类比，苹果手机就具有相似的架构，表现出来的形式就是向开发者开放的平台——App Store。SOA之于汽车，就好比苹果App Store之于iPhone，它将汽车的硬件能力开放出来，供软件开发者调用，以实现相应的功能。\n从iPhone 3G问世并向第三方开发者开放Apple Store，到如今Apple Store上已经有超过500万应用，苹果由此拥有了全球领先的软件生态。在苹果手机上为数不多的传感器、执行器支持下，iOS已能够提供百万级应用，而汽车的硬件复杂程度远超手机，将SOA平台导入其中，背后的想象空间是巨大的。\n一个不懂编写代码的普通用户，可以通过将车窗、音响、氛围灯等各个模块的触发条件集合到自己的APP中，生成符合用户需求的个性化场景。APP上传到应用商店再下载到车上，用户便可使用。\n比如，车内需要透气时，司机希望打开汽车外循环，同时两位乘客分别希望打开车窗和天窗，这样就出现三个不同的需求，而它们完全可以通过用户自我定制来实现。这只是最简单的玩法，通过多种功能组合，理论上可产生海量全新的应用，最终拓展智能汽车的能力。\n类似于App Store，开发者利用SOA平台向用户提供服务时，可以采用买断式或订阅式收费。开发者取得商业收益，车企也可以获得利润。只是，SOA平台尚在起步阶段，如何制定商业模式还不明朗。\n目前选择将整车搭建SOA平台，上汽零束、威马是为数不多的两家，而哪吒、高合有提及引入SOA理念，不过产品目前没有落地。\n上汽零束已经与首批开发者一起，开发了几十个智能车专属应用场景，几百个用户“千人千面”模式，以及部分典型的汽车智能化应用，目前平台的软件可以在上汽旗下R汽车和智己汽车上通用。\n威马在威马W6汽车中应用SOA平台，上线了自定义编程功能，自定义场景超100个，手机端与车机端同步；哪吒S也将整个系统基于SOA架构，不过产品正式上市时间可能在2022年下半年。\n对比这几家，上汽、威马在SOA平台上的探索是有产品落地的，其中上汽的开放进程跑得更快，威马的落地时间即汽车发布时间则稍早一些。而哪吒因为整车未公布，进度最慢。\n即便如此，上汽零束SOA平台的开放性都仍有大幅提升空间。「智能相对论」了解到，其平台分为三种模式，面向普通用户、第三方开发者的两种版本已对外界公布，而面向OEM和供应商的版本并未具体展示。\n作为走向开放的关键部分，车企想让其实现跨品牌、跨车型是最为困难的，不仅对研发工程师团队提出高要求，而且还要关系到和Tier1、其他OEM的利益权衡。这也让大家期待SOA平台时，看到了很多的困难和挑战。\n搭“戏台”不易，还怕“没人唱戏、没人捧场”\n通过SOA架构，还有一层好处是，软件的开发主导权会回归车企。随之而来的是，车企需要大量研发工作，也需要人才。\n业内人士告诉「智能相对论」，“架构工程师薪酬就很高，可不是开高薪就能招到的，因为这个职位对人的要求极高，他要对车和软件都有专业的理解。”\n在整车功能定义初期，整个SOA团队就必须要参与进来，这个无论是上汽零束、威马、哪吒，还是其他车企都要花费一大笔钱。但除开技术层面，之后还有许多现实问题存在，比如车企如何吸引开发者入驻平台？\n以上汽零束SOA平台为例，若要达到让更多开发者甚至普通用户，持续参与软件开发的初衷，需要降低进入门槛来扩大用户基数，帮助平台氛围活跃起来。打造好服务和功能后，再带动整个平台质量提高以吸引新的开发者，最终反哺SOA平台。一旦运转起来就会有“飞轮效应”，形成规模化。\n许多互联网现象都与此类似，比如外卖、拼购电商、网约车平台，商家量和用户量是相互促进、互为前提的。平台为了扩大两者规模，砸钱补贴往往是冷启动常见的做法。\n事实的确如此，开发者不可能一直是“为爱发电”。类似于App Store，做好激励方案是车企需要思考的问题。车企前期投入难以避免，而之后，用户、开发者、车企三者之间的利益如何划分十分重要，这关乎到平台的长期生存。\n还有一个关键问题是，车企如何打破边界？手机软件开发者在开发时，只需要围绕安卓和iOS两个系统，再简单进行机型适配即可。而软件上车时，有着数不清的车型、品牌。无论是上汽零束还是威马，目前平台还只是落地在旗下车型，未来开发者规模要打开新的增长空间，无疑需要更多友商融入平台。\n这一块的困难其实不在于平台如何“适配”友商，更在于平台如何“吸纳”友商。汽车行业当下的趋势是，传统汽车硬件、智能化硬件这类底层的东西逐渐变成开放的、标准化、有产业规模支撑的。各家的竞争反而是软件层和服务层的竞争，它们都是“友商”不愿失去的。\n此外，安全问题也是平台发展的必要考量。汽车上有数百个硬件可供软件调用，考虑到驾驶安全，因此汽车软件的容错率（如闪退、崩溃）要远远低于App Store。\n这就意味着，一些涉及汽车运动、自动驾驶的功能无法开放给用户，只能交由研发能力强的OEM自己设计。这也就产生一个矛盾的事实：“高技术准入门槛”和“吸引更多开发者”不可兼得，因为安全必须得到保证。\n威马表示，W6用户可以通过“威马快捷”，创建属于自己的驾驶模式，包括L2驾驶辅助系统、音乐、空调温度、座椅调整等用户偏好的软硬件设置，按照自己的喜好进行添加和设置。而上汽零束在介绍平台时，具体谈的更多也是生活、娱乐系统功能。\n娱乐系统功能本身的安全等级低于其他域的要求，是最为容易实现的，而ADAS域内则完全相反。所以在SOA平台发展趋势中，功能需要上汽零束、威马一步一步去推、去完善，直至完全打通。\n灵魂拷问：大家都想做，凭什么你成功？\n理想很丰满，现实却有些骨感。车企若想建立起SOA平台这条护城河，其面临的难度不可小觑。此前提及到，盯住其巨大潜能的车企已有上汽、威马，哪吒、高合也对SOA架构跃跃欲试。\n当然，这些只是目前已知的主机厂。包括小米、滴滴等在内，愈多科技互联网巨头开始布局智能汽车领域。从“软件定义汽车”到“用户定义汽车”成为热门，小米、滴滴们重视“SOA”是可以想象的。\n小米滴滴凭借在原有业务领域的硬件制造、软件运营等优势，造车算是做了一次新相关战略延伸。其中小米背后有着比传统车企更庞大的用户量，更能够支撑起SOA平台的商业化想象。\n小米造车的体系架构目前尚不可知，但面对其数量庞大的“米粉”们，小米无疑会重视他们的意见，很大概率会引入“SOA”。通过SOA平台，“米粉”可以生成符合自己拥车偏好及驾驶习惯的个性化场景，这与其强调“用户参与感”是相契合的。\n相比于友商们，上汽零束、威马的优势在于“先发”，会更早地跑出一定规模。华为智能汽车解决方案BU总裁王军在上汽开发者大会就表示，软件平台应用范围越广，边际成本越低。规模化俨然是实现盈利最根本的商业逻辑。\n尽管百度、腾讯、华为等多家科技互联网公司都谈到自身与上汽SOA之间的可能性合作，但它们和上汽未来更会是竞合关系，把这些东西掌握在自己手里。同样地，其他车企也会搭建自己的SOA平台，发展思路可以是向外扩张或者选择自用，但也意味着上汽、威马SOA平台失去这部分资源。\n可是对于小车企而言，它们会去考虑用户规模能否支撑自建平台做好商业化。若决定使用大型车企的平台，它们会去权衡哪个平台生态做得更好，这样自身产业链每一环都有望从中受益。\n因此，吸纳这部分小车企会是将来上汽等大型车企扩大“朋友圈”的重要方向。长期来看，随着上汽零束SOA平台逐步开放，其将会在其他品牌车上测试。无论小车企是否采用自己的平台，第一步可以先把接口标准统一，便于小车企融入生态。\n总的来看，电动化、智能化正在构筑起下一轮产业竞争的新赛道，而SOA平台成为一众车企抢夺声量的关键之一。人人都想做“App Store”，可最后可能只会有一个，目前上汽零束、威马等车企在“SOA”方向尚处起步阶段，未来竞争业态仍是未知。而我们需要做的则是，让车企的“子弹”再飞一会儿。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374324050,"gmtCreate":1619422100770,"gmtModify":1704723580629,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374324050","repostId":"1182402252","repostType":4,"repost":{"id":"1182402252","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619421307,"share":"https://ttm.financial/m/news/1182402252?lang=en_US&edition=fundamental","pubTime":"2021-04-26 15:15","market":"us","language":"zh","title":"$6 Billion Run Off! Tech stocks snubbed by investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1182402252","media":"英为财情Investing","summary":"上周美国科技股表现平淡，使得投资者在科技巨头公布财报前抛售数十亿美元股票提前离场。\n数据显示，规模达1610亿美元的纳斯达克100指数ETF（(NASDAQ:QQQ)）上周净流出达60亿美元，是自20","content":"<p>U.S. tech stocks were flat last week, sending investors off the market early after selling off billions of dollars in stocks ahead of the tech giant's earnings report.</p><p>The data showed that the $161 billion NASDAQ 100 ETF ((NASDAQ:QQQ)) had a net outflow of $6 billion last week, the largest outflow since the dot-com bubble burst in 2000, which also gave the ETF its first weekly decline in more than a month.</p><p><img src=\"https://static.tigerbbs.com/ea7e37f3e57284afbc516c91b97db7a4\"></p><p>Last year, tech stocks were highly sought after by investors, but things have been completely different this year. Since 2021, ETFs that track finance have attracted $15.7 billion in inflows, while energy and materials funds have attracted $14.4 billion and $4.9 billion, respectively, but technology ETFs have only $3.9 billion in inflows so far this year.</p><p>James Pillow, managing director of Moors & Cabot Inc., said investors may be expecting too much for tech stocks as earnings season kicks off, and he is eyeing the materials, energy and financial sectors, which could grow as much as 80%.</p><p>After Netflix's disappointing financial report last week,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Many technology giants are about to announce their earnings this week.</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>$6 Billion Run Off! Tech stocks snubbed by investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$6 Billion Run Off! Tech stocks snubbed by investors\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-26 15:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. tech stocks were flat last week, sending investors off the market early after selling off billions of dollars in stocks ahead of the tech giant's earnings report.</p><p>The data showed that the $161 billion NASDAQ 100 ETF ((NASDAQ:QQQ)) had a net outflow of $6 billion last week, the largest outflow since the dot-com bubble burst in 2000, which also gave the ETF its first weekly decline in more than a month.</p><p><img src=\"https://static.tigerbbs.com/ea7e37f3e57284afbc516c91b97db7a4\"></p><p>Last year, tech stocks were highly sought after by investors, but things have been completely different this year. Since 2021, ETFs that track finance have attracted $15.7 billion in inflows, while energy and materials funds have attracted $14.4 billion and $4.9 billion, respectively, but technology ETFs have only $3.9 billion in inflows so far this year.</p><p>James Pillow, managing director of Moors & Cabot Inc., said investors may be expecting too much for tech stocks as earnings season kicks off, and he is eyeing the materials, energy and financial sectors, which could grow as much as 80%.</p><p>After Netflix's disappointing financial report last week,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Many technology giants are about to announce their earnings this week.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/48729940b5a815d99b2cb055fae07190","relate_stocks":{"QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182402252","content_text":"上周美国科技股表现平淡，使得投资者在科技巨头公布财报前抛售数十亿美元股票提前离场。\n数据显示，规模达1610亿美元的纳斯达克100指数ETF（(NASDAQ:QQQ)）上周净流出达60亿美元，是自2000年互联网泡沫破裂以来流出规模最大的一次，这也使得该ETF在一个多月来首次出现了周下跌。\n\n去年，科技股受到了投资者的追捧，但今年以来形势却完全不同。2021年以来，追踪金融的ETF已经吸引了157亿美元的资金流入，而能源和材料基金分别吸引了144亿美元和49亿美元的资金流入，但科技ETF今年迄今的资金流入却仅有39亿美元。\nMoors＆Cabot Inc.董事总经理James Pillow表示，随着财报季拉开序幕，投资者们对科技股的预期可能过高，他正在关注材料、能源和金融板块，这些板块的增长可能高达80%。\n在上周奈飞公布了令人失望的财务报告后，亚马逊、苹果、微软等诸多科技巨头即将在本周公布财报。","news_type":1,"symbols_score_info":{"QQQ":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372251330,"gmtCreate":1619223070920,"gmtModify":1704721409806,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"Z","listText":"Z","text":"Z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372251330","repostId":"2129035903","repostType":4,"repost":{"id":"2129035903","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619191931,"share":"https://ttm.financial/m/news/2129035903?lang=en_US&edition=fundamental","pubTime":"2021-04-23 23:32","market":"us","language":"zh","title":"Two K12 giants have released financial reports successively. Who has a \"good future\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129035903","media":"英为财情Investing","summary":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这","content":"<p>China's two major education giants have recently released the latest financial data. After experiencing a high volatility in the first quarter, the financial reports of the two companies have been closely watched by investors.</p><p>According to the market data, the prices of stocks listed on the US stock market have both dropped by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also inconsistent with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of China Education Stock can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out various problems existing in online education. There are also media sources that after-school tutoring institutions have been raided by relevant regulatory authorities. And at that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Not committed to the news.</p><p>In the next few months, online education was frequently named by relevant departments and official media, and the question of how to regulate the education and training industry also triggered heated social discussion. Chen Baosheng, the Minister of Education, recently said that this year, we should vigorously manage and rectify off-campus training institutions. On March 31, Lv Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has included the governance of training institutions as a key task, and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>In the strict regulatory environment, Wall Street has also turned,<a href=\"https://laohu8.com/S/C\">Citigroup</a>The analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The price target of was lowered by $20; While<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading enterprises will not be too great. However, the investment bank also said that in the current situation of more news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in Q4 fiscal year 2021 was $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance estimate of between $1.175 billion and $1.2 billion released in Q3. The company achieved revenue of about $4.5 billion for the whole year, a year-on-year increase of 37.3%. However, its losses also amplified, with a net loss of $169 million in the fourth quarter, an increase of 87.56% from a net loss of $90 million in the same period of last year, and a net loss of $116 million for the whole year.</p><p>It should be noted that TAL's losses have increased mainly because of the substantial increase in marketing expenses brought by the online education war. Recently, the competition among major online educational institutions has become more and more fierce, the company's advertising investment has further soared, and the overall marketing expenses have soared. Specifically, the company's Q4 sales expenses reached US$660 million, a year-on-year increase of 172%; The annual sales expenses amounted to RMB1.68 billion, representing a year-on-year increase of 37.4%.</p><p>Although backed by a strict regulatory environment and a large number of advertisements before the winter vacation, the regulatory authorities paid attention to it, the revenue of online courses in Q4 Company was about 440 million USD, a year-on-year increase of 115%, accounting for a substantial increase from 24% in the same period last year to 32%. The number of participants in long-term regular-price courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-price courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of higher education in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow remains as high as $5.938 billion.</p><p>TAL expects its revenue to increase by 43%-45% year-over-year to between $1,302.2 million and $1,320.5 million in Q1 fiscal 2022 (the three months ended May 31, 2021).</p><p><b>2、</b>New Oriental</p><p>Earlier this week, TAL's top rival New Oriental also released its earnings report. According to the data, in the third quarter of fiscal 2021, New Oriental's net income exceeded $1.19 billion, up 29% year-on-year, and in addition, Q3.151 billion, up 9.9% year-on-year. Earnings per ADS were $0.09, the same as $0.09 in the same period last year, and the market expectation was $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal 2021, New Oriental continued to expand the coverage of OMO systems, investing $59 million to trial OMO online courses in existing cities and 25 new surrounding satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate Online and Offline channels, and is considered to be a business model with greater market efficiency after O2O.)</p><p>In the third quarter of fiscal 2021, New Oriental's operating costs and expenses were $1,089 million, up 35.1% year-over-year; Cost of revenue was $529.5 million, up 35.3% year-on-year; Selling and marketing expenses were US$156.1 million, representing a year-on-year increase of 32.0%; General and administrative expenses amounted to US$393.4 million, representing a year-on-year increase of 36.1%. However, the increase in costs has also caused the company's profit margins to be suppressed.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" towards it. On the day of the financial report, the company's share price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the market share of the stock by other industry players cannot be ignored.</p><p>New Oriental forecasts that its revenue will increase by 38%-43% year-on-year to between $1,101.9 million and $1,141.8 million in Q4 fiscal 2021 (the three months ended May 31, 2021).</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>Two K12 giants have released financial reports successively. Who has a \"good future\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwo K12 giants have released financial reports successively. Who has a \"good future\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's two major education giants have recently released the latest financial data. After experiencing a high volatility in the first quarter, the financial reports of the two companies have been closely watched by investors.</p><p>According to the market data, the prices of stocks listed on the US stock market have both dropped by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also inconsistent with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of China Education Stock can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out various problems existing in online education. There are also media sources that after-school tutoring institutions have been raided by relevant regulatory authorities. And at that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Not committed to the news.</p><p>In the next few months, online education was frequently named by relevant departments and official media, and the question of how to regulate the education and training industry also triggered heated social discussion. Chen Baosheng, the Minister of Education, recently said that this year, we should vigorously manage and rectify off-campus training institutions. On March 31, Lv Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has included the governance of training institutions as a key task, and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>In the strict regulatory environment, Wall Street has also turned,<a href=\"https://laohu8.com/S/C\">Citigroup</a>The analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The price target of was lowered by $20; While<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading enterprises will not be too great. However, the investment bank also said that in the current situation of more news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in Q4 fiscal year 2021 was $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance estimate of between $1.175 billion and $1.2 billion released in Q3. The company achieved revenue of about $4.5 billion for the whole year, a year-on-year increase of 37.3%. However, its losses also amplified, with a net loss of $169 million in the fourth quarter, an increase of 87.56% from a net loss of $90 million in the same period of last year, and a net loss of $116 million for the whole year.</p><p>It should be noted that TAL's losses have increased mainly because of the substantial increase in marketing expenses brought by the online education war. Recently, the competition among major online educational institutions has become more and more fierce, the company's advertising investment has further soared, and the overall marketing expenses have soared. Specifically, the company's Q4 sales expenses reached US$660 million, a year-on-year increase of 172%; The annual sales expenses amounted to RMB1.68 billion, representing a year-on-year increase of 37.4%.</p><p>Although backed by a strict regulatory environment and a large number of advertisements before the winter vacation, the regulatory authorities paid attention to it, the revenue of online courses in Q4 Company was about 440 million USD, a year-on-year increase of 115%, accounting for a substantial increase from 24% in the same period last year to 32%. The number of participants in long-term regular-price courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-price courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of higher education in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow remains as high as $5.938 billion.</p><p>TAL expects its revenue to increase by 43%-45% year-over-year to between $1,302.2 million and $1,320.5 million in Q1 fiscal 2022 (the three months ended May 31, 2021).</p><p><b>2、</b>New Oriental</p><p>Earlier this week, TAL's top rival New Oriental also released its earnings report. According to the data, in the third quarter of fiscal 2021, New Oriental's net income exceeded $1.19 billion, up 29% year-on-year, and in addition, Q3.151 billion, up 9.9% year-on-year. Earnings per ADS were $0.09, the same as $0.09 in the same period last year, and the market expectation was $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal 2021, New Oriental continued to expand the coverage of OMO systems, investing $59 million to trial OMO online courses in existing cities and 25 new surrounding satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate Online and Offline channels, and is considered to be a business model with greater market efficiency after O2O.)</p><p>In the third quarter of fiscal 2021, New Oriental's operating costs and expenses were $1,089 million, up 35.1% year-over-year; Cost of revenue was $529.5 million, up 35.3% year-on-year; Selling and marketing expenses were US$156.1 million, representing a year-on-year increase of 32.0%; General and administrative expenses amounted to US$393.4 million, representing a year-on-year increase of 36.1%. However, the increase in costs has also caused the company's profit margins to be suppressed.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" towards it. On the day of the financial report, the company's share price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the market share of the stock by other industry players cannot be ignored.</p><p>New Oriental forecasts that its revenue will increase by 38%-43% year-on-year to between $1,101.9 million and $1,141.8 million in Q4 fiscal 2021 (the three months ended May 31, 2021).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/95a52bac654e212de5e6a737e01fc5ff","relate_stocks":{"TAL":"好未来","EDU":"新东方","09901":"新东方-S"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129035903","content_text":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这不仅大幅弱于美股大盘的走势，也并不符合“后疫情”时代经济蓬勃复苏的趋势。\n中概教育股的弱势，可以追溯到今年1月，彼时，中央纪委国家监委网站发文直指在线教育存在的种种问题。还有媒体消息称，课后辅导机构受到了相关监管部门的突击检查。而当时新东方对这一消息不置可否。\n接下来的几个月里，在线教育频频被有关部门和官媒点名，关于如何规范教培行业的问题也引发了社会热议。教育部部长陈宝生近期表示，今年要大力度治理整顿校外培训机构。3月31日，教育部基础教育司司长吕玉刚在国新办发布会上表示，今年教育部把培训机构治理工作列入重点工作任务，进一步加大校外培训机构治理力度。随着监管政策的陆续出台，2021年也被视作教培行业变革性的一年。\n严监管环境下，华尔街也纷纷转向，花旗的分析师将好未来的目标价下调了20美元；而杰富瑞的分析师则认为，监管对于龙头企业的影响不会太大。但是该投行也表示，在当前消息较多的情况下，投资者选择了“用脚投票”，先抛售股票，这是华尔街投资者对国际股票负面消息常见的处理方式。\n1、好未来\n好未来最新公布的数据显示，公司2021财年Q4季度营收为13.6亿美元，同比增长59%，优于公司Q3时公布的指引预期11.75-12亿美元之间，全年公司实现收入约45亿美元，同比增长37.3%。但是，其亏损也放大，第四季净亏损为1.69亿美元，较上年同期的净亏损0.90亿美元扩大87.56%，全年净亏损为1.160亿美元。\n需要注意的是，好未来的亏损加大，主要是因为线上教育大战所带来的营销费用大幅增长。近期，各大头部在线教育机构之间的竞争越发激烈，公司的广告投入也进一步激增，整体营销费用大幅飙升。具体而言，公司Q4销售费用达到6.6亿美元，同比大增172%；全年销售费用16.8亿元，同比大增37.4%。\n虽然背靠严监管环境，而且寒假前的广告大量投放问题，被监管部门关注，但是Q4公司在线课程实现收入约4.4亿美元，同比增长115%，占比从去年同期的24%大幅增至32%，长期正价课程的参培人数同比增长71%达到350万人，正价课程ASP同比增长9%。\n根据英为财情Investing.com的行情数据显示，在好未来公布财报之初，市场给予该股较为正面的反应(盘前涨约6%)，但是随后股价回落，最终收跌2.16%。\n市场分析师认为，在中国严峻的升学压力之下，公司在课外辅导市场仍然具备巨大机会，虽然竞争激烈，但是在监管趋严的背景下，竞争会更加趋于冷静，其在营销费用的管理方面也有望提升。公司后市在线上扩张方面更理性。而且其现金流仍然高达59.38亿美元。\n好未来预计，2022财年Q1(截至2021年5月31日止三个月)，其营收同比增长43%-45%，至13.022亿美元-13.205亿美元之间。\n2、新东方\n本周稍早前，好未来的头号竞争对手新东方也发布了财报。数据显示，2021财年第三季度，新东方净收入超11.9亿美元，同比增长29%，此外，Q31.51亿美元，同比增长9.9%。每ADS盈利0.09美元，和去年同期的0.09美元持平，市场预期0.06美元。\n和好未来一样，面对激烈的竞争环境，公司业务扩张也导致了成本的增加，数据显示，2021财年Q3，新东方继续扩大OMO系统的覆盖范围，投入5900万美元，在现有城市和周围的25个新的卫星城市中试用OMO在线课程。(OMO战略是指Online-Merge-Offline模式，旨在深度融合线上和线下渠道，被认为是继O2O之后市场效率更大提升的商业模式。)\n在2021财年第三季度，新东方运营成本和开支为10.890亿美元，同比增长35.1%；营收成本为5.295亿美元，同比增长35.3%；销售及营销开支为1.561亿美元，同比增长32.0%；总务及行政开支为3.934亿美元，同比增长36.1%。不过成本的增长也导致了公司的利润空间受到压制。\n不过，新东方仍然盈利，这也让华尔街的投资者对其更为“宽容”，在财报发布当日，公司股价收盘涨超6.4%。\n分析师认为，在中国较好地控制疫情的情况下，线下教育也已经回暖，两种教育方式就能得到相互补充，可以帮助新东方这样的老牌教育机构抢占更多市场和资源。但是不可否认的是，激烈的竞争环境中，其他行业参与者对该股市场份额的侵蚀也不容忽视。\n新东方预测，2021财年Q4(截至2021年5月31日止三个月)，其营收同比增长38%-43%，至11.019亿美元-11.418亿美元之间。","news_type":1,"symbols_score_info":{"09901":0.9,"TAL":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":3239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371426656,"gmtCreate":1618966908875,"gmtModify":1704717582321,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/371426656","repostId":"2129231758","repostType":4,"repost":{"id":"2129231758","kind":"news","pubTimestamp":1618956775,"share":"https://ttm.financial/m/news/2129231758?lang=en_US&edition=fundamental","pubTime":"2021-04-21 06:12","market":"us","language":"zh","title":"Another one! International daily chemical giant Procter & Gamble will raise the prices of its products in September","url":"https://stock-news.laohu8.com/highlight/detail?id=2129231758","media":"腾讯美股","summary":"腾讯证券4月21日讯，国际日化巨头宝洁公司今年秋季将开始提高从尿布到卫生棉条等日常用品的价格。宝洁是最新一家宣布涨价的消费品公司，也是规模最大的一家。与此同时，宝洁公布了其季度财报。这标志着宝洁自2018年以来最慢的整体销售增长，此前一年疫情肆虐导致宝洁旗下清洁用品、纸巾和厕纸等产品供不应求。该公司表示，此次涨价将于9月份生效，涉及婴儿产品、成人纸尿裤和女性护理品牌，价格涨幅将在中至高个位数百分点。","content":"<p><a href=\"https://laohu8.com/S/00700\">Tencent</a>Securities April 21st, international daily chemical giant<a href=\"https://laohu8.com/S/PG\">P&G</a>Companies will start raising prices for everyday items from diapers to tampons this fall. Procter & Gamble is the latest consumer goods company to announce price increases and the largest.</p><p>The maker, which owns Gillette razors and Tide washing powder, said the price increase was mainly due to higher costs of raw materials such as resin and pulp, as well as higher transportation costs.</p><p>Meanwhile, P&G reported its quarterly earnings. Last month, rival Kimberly-Clark made a similar move.</p><p>Procter & Gamble said its sales rose 4 percent in the quarter ended March 31, with the beauty, fabric and home care segments seeing the biggest increases.</p><p>This marks P&G's slowest overall sales growth since 2018, after a year of pandemic-ravaging products such as cleaning supplies, paper towels and toilet paper were in short supply.</p><p>Jon Moeller, the company's chief operating officer, said in an interview: \"This is a completely different situation than a year ago. In terms of getting out of the epidemic, the situation is different all over the world. But consumption in all sectors is very strong.\"</p><p>While sales of some products are cooling, demand is picking up for others, such as beauty products and supplies sold directly to businesses reopening after widespread closures, according to Mohler.</p><p>Procter & Gamble's goal is to improve the product, add features, and consumers will feel they are getting more when the company raises prices, Moller said. The price increase, which takes effect in September and involves baby products, adult diapers and feminine care brands, will be in the mid to high single digit percentage points, the company said.</p><p>The last time big consumer goods companies raised prices dramatically because of material costs was in 2018, when soaring pulp prices pushed up the cost of diapers, toilet paper and other products.</p><p>Kimberly-Clark, a maker of Huggies diapers and Scott paper products, said its increases would be between the median and high single digits, effective at the end of June. The products will be suitable for the company's baby and child care, adult care, and Scott's bathroom tissue businesses.</p><p>Several food producers have also raised prices.<a href=\"https://laohu8.com/S/HRL\">Hormel</a>The food company said in February that it had raised prices for some columns of turkey products in response to rising grain prices. J.M. Smucker said they recently raised the price of Jif peanut butter, and they may also raise the price of pet food due to higher shipping costs and other inflationary pressures.</p><p>The U.S. Consumer Price Index (CPI), which measures how much consumers pay for everyday items such as groceries, clothing, recreational activities and cars, jumped 2.6% in the year to March, the largest 12-month increase since August 2018, the Labor Department said last week.</p><p>In the first quarter, P&G's net sales rose 5% to $18.1 billion, topping the consensus forecast of $18 billion among analysts polled by FactSet. Volumes were flat for the first time in years, while prices and mixed prices were both up 2%.</p><p>P&G reported net income of $3.27 billion, or $1.26 a share, up from $2.92 billion and $1.12 a share a year earlier. Analysts expect the company to earn a net income of $3.09 billion.</p><p>For the fiscal year ended June 30, the company maintained its sales growth forecast of 5% to 6%. (Midsummer)</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>Another one! International daily chemical giant Procter & Gamble will raise the prices of its products in September</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnother one! International daily chemical giant Procter & Gamble will raise the prices of its products in September\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯美股</strong><span class=\"h-time small\">2021-04-21 06:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/00700\">Tencent</a>Securities April 21st, international daily chemical giant<a href=\"https://laohu8.com/S/PG\">P&G</a>Companies will start raising prices for everyday items from diapers to tampons this fall. Procter & Gamble is the latest consumer goods company to announce price increases and the largest.</p><p>The maker, which owns Gillette razors and Tide washing powder, said the price increase was mainly due to higher costs of raw materials such as resin and pulp, as well as higher transportation costs.</p><p>Meanwhile, P&G reported its quarterly earnings. Last month, rival Kimberly-Clark made a similar move.</p><p>Procter & Gamble said its sales rose 4 percent in the quarter ended March 31, with the beauty, fabric and home care segments seeing the biggest increases.</p><p>This marks P&G's slowest overall sales growth since 2018, after a year of pandemic-ravaging products such as cleaning supplies, paper towels and toilet paper were in short supply.</p><p>Jon Moeller, the company's chief operating officer, said in an interview: \"This is a completely different situation than a year ago. In terms of getting out of the epidemic, the situation is different all over the world. But consumption in all sectors is very strong.\"</p><p>While sales of some products are cooling, demand is picking up for others, such as beauty products and supplies sold directly to businesses reopening after widespread closures, according to Mohler.</p><p>Procter & Gamble's goal is to improve the product, add features, and consumers will feel they are getting more when the company raises prices, Moller said. The price increase, which takes effect in September and involves baby products, adult diapers and feminine care brands, will be in the mid to high single digit percentage points, the company said.</p><p>The last time big consumer goods companies raised prices dramatically because of material costs was in 2018, when soaring pulp prices pushed up the cost of diapers, toilet paper and other products.</p><p>Kimberly-Clark, a maker of Huggies diapers and Scott paper products, said its increases would be between the median and high single digits, effective at the end of June. The products will be suitable for the company's baby and child care, adult care, and Scott's bathroom tissue businesses.</p><p>Several food producers have also raised prices.<a href=\"https://laohu8.com/S/HRL\">Hormel</a>The food company said in February that it had raised prices for some columns of turkey products in response to rising grain prices. J.M. Smucker said they recently raised the price of Jif peanut butter, and they may also raise the price of pet food due to higher shipping costs and other inflationary pressures.</p><p>The U.S. Consumer Price Index (CPI), which measures how much consumers pay for everyday items such as groceries, clothing, recreational activities and cars, jumped 2.6% in the year to March, the largest 12-month increase since August 2018, the Labor Department said last week.</p><p>In the first quarter, P&G's net sales rose 5% to $18.1 billion, topping the consensus forecast of $18 billion among analysts polled by FactSet. Volumes were flat for the first time in years, while prices and mixed prices were both up 2%.</p><p>P&G reported net income of $3.27 billion, or $1.26 a share, up from $2.92 billion and $1.12 a share a year earlier. Analysts expect the company to earn a net income of $3.09 billion.</p><p>For the fiscal year ended June 30, the company maintained its sales growth forecast of 5% to 6%. (Midsummer)</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210421061344774c0a92&s=b\">腾讯美股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0b342767d9403687d333cacaf9a8fcc","relate_stocks":{"PG":"宝洁"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210421061344774c0a92&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2129231758","content_text":"腾讯证券4月21日讯，国际日化巨头宝洁公司今年秋季将开始提高从尿布到卫生棉条等日常用品的价格。宝洁是最新一家宣布涨价的消费品公司，也是规模最大的一家。\n这家旗下拥有吉列剃须刀和汰渍洗衣粉的生产商称，涨价的原因主要是树脂和纸浆等原材料成本上升，运输费用也上升。\n与此同时，宝洁公布了其季度财报。上个月，其竞争对手金佰利公司也做出了类似的举动。\n宝洁公司说，在截至3月31日的一季度其销售额增长了4%，其中美容、布料和家庭护理部门的增幅最大。\n这标志着宝洁自2018年以来最慢的整体销售增长，此前一年疫情肆虐导致宝洁旗下清洁用品、纸巾和厕纸等产品供不应求。\n该公司首席运营官乔恩-莫勒(Jon Moeller)在接受采访时说：“这跟一年前是完全不同的情况，就摆脱疫情而言，全球各地的状况都不同。但各部门的消费都非常强劲。”\n莫勒表示，虽然一些产品的销售正在降温，但还有一些产品的需求正在回升，比如美容产品和直接销售给大范围关闭后重新开业的企业的用品。\n莫勒说，宝洁的目标是改进产品，增加产品功能，公司提高价格后消费者会觉得他们得到了更多。该公司表示，此次涨价将于9月份生效，涉及婴儿产品、成人纸尿裤和女性护理品牌，价格涨幅将在中至高个位数百分点。\n大型消费品公司上次因为材料成本而大幅涨价是在2018年，当时纸浆价格飙升推高了尿布、厕纸和其他产品的成本。\n好奇(Huggies)纸尿裤和斯科特(Scott)纸制品制造商金佰利(Kimberly-Clark)表示，其增幅将在中位数至高个位数之间，将于6月底生效。这些产品将适用于该公司的婴儿和儿童护理、成人护理和斯科特浴室纸巾业务。\n几家食品生产商也提高了价格。荷美尔食品公司今年2月表示，为了应对谷物价格上涨，它提高了一些列火鸡产品的价格。J.M. Smucker公司表示，他们最近提高了Jif花生酱的价格，而且由于更高的运输成本和其他通货膨胀压力，他们可能也会提高宠物食品的价格。\n美国劳工部上周表示，截至今年3月的一年中，美国消费者价格指数(CPI）跃升2.6%，为2018年8月以来的最大12个月增幅。CPI衡量的是消费者为食品杂货、服装、娱乐活动和汽车等日常用品支付的金额。\n第一季度，宝洁的净销售额增长5%，达到181亿美元，高于FactSet调查分析师一致预测的180亿美元。成交量多年来首次持平，而价格和混合价格均上涨了2%。\n宝洁公布净利润32.7亿美元，合每股1.26美元，高于上年同期的29.2亿美元和每股1.12美元。分析师预计该公司净利润为30.9亿美元。\n在截至6月30日的财年中，该公司保持了5%至6%的销售增长预期。（仲夏）","news_type":1,"symbols_score_info":{"PG":0.9}},"isVote":1,"tweetType":1,"viewCount":924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347197954,"gmtCreate":1618473278478,"gmtModify":1704711360321,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347197954","repostId":"1158737349","repostType":4,"repost":{"id":"1158737349","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618472281,"share":"https://ttm.financial/m/news/1158737349?lang=en_US&edition=fundamental","pubTime":"2021-04-15 15:38","market":"us","language":"zh","title":"Spokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization","url":"https://stock-news.laohu8.com/highlight/detail?id=1158737349","media":"老虎资讯综合","summary":"针对近日$阿里巴巴(BABA)$集团被罚180亿元引发外界关注一事，商务部新闻发言人高峰表示：关于电子商务行业，我们始终坚持发展与规范并重的原则。我们支持企业创新发展、良性竞争，同时也致力于营造公平竞争的市场环境，这有利于行业整体的可持续性。\n\n此前，商务部公开征求《移动电子商务服务类商品经营规范》行业标准（征求意见稿）意见。","content":"<p>In view of recent<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Gao Feng, spokesman of the Ministry of Commerce, said: Regarding the e-commerce industry, we always adhere to the principle of paying equal attention to development and regulation. We support the innovation and development of enterprises and healthy competition, and at the same time are committed to creating a fair market environment, which is conducive to the sustainability of the industry as a whole.</p><p>Previously, the Ministry of Commerce publicly solicited opinions on the industry standard (draft for comments) of the Business Standards for Mobile E-commerce Service Commodities.</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>Spokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-15 15:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>In view of recent<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Gao Feng, spokesman of the Ministry of Commerce, said: Regarding the e-commerce industry, we always adhere to the principle of paying equal attention to development and regulation. We support the innovation and development of enterprises and healthy competition, and at the same time are committed to creating a fair market environment, which is conducive to the sustainability of the industry as a whole.</p><p>Previously, the Ministry of Commerce publicly solicited opinions on the industry standard (draft for comments) of the Business Standards for Mobile E-commerce Service Commodities.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/995418fbbbc235e75883dec898dccaa8","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158737349","content_text":"针对近日阿里巴巴集团被罚180亿元引发外界关注一事，商务部新闻发言人高峰表示：关于电子商务行业，我们始终坚持发展与规范并重的原则。我们支持企业创新发展、良性竞争，同时也致力于营造公平竞争的市场环境，这有利于行业整体的可持续性。此前，商务部公开征求《移动电子商务服务类商品经营规范》行业标准（征求意见稿）意见。","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344165050,"gmtCreate":1618388746870,"gmtModify":1704710032458,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344165050","repostId":"1125475263","repostType":4,"repost":{"id":"1125475263","kind":"news","pubTimestamp":1618388143,"share":"https://ttm.financial/m/news/1125475263?lang=en_US&edition=fundamental","pubTime":"2021-04-14 16:15","market":"us","language":"zh","title":"Total global cryptocurrency market cap has surpassed Apple's market cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1125475263","media":"新浪科技","summary":"全球加密货币总市值现已超越苹果市值。Asset Dash数据显示，苹果市值现约为2.25万亿美元。Coingecko行情显示，全球加密货币总市值现约为2.31万亿美元。","content":"<p>Total global cryptocurrency market cap has now surpassed<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Market Cap. Apple's market cap now stands at about $2.25 trillion, according to Asset Dash data. According to the Coingecko market, the total market capitalization of global cryptocurrencies is now about $2.31 trillion.</p>","source":"sina_tech","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>Total global cryptocurrency market cap has surpassed Apple's market cap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTotal global cryptocurrency market cap has surpassed Apple's market cap\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-04-14 16:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Total global cryptocurrency market cap has now surpassed<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Market Cap. Apple's market cap now stands at about $2.25 trillion, according to Asset Dash data. According to the Coingecko market, the total market capitalization of global cryptocurrencies is now about $2.31 trillion.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-04-14/doc-ikmyaawa9642553.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f4856ec4f591737ec230b966483fc4f7","relate_stocks":{"BRRR":"比特币ETF-CoinShares","BTCW":"比特币ETF-Wisdom Tree","GBTC":"比特币ETF-Grayscale","EZBC":"比特币ETF-Franklin","FBTC":"比特币ETF-Fidelity","BITB":"比特币ETF-Bitwise","BTCO":"比特币ETF-Invesco Galaxy","DEFI":"比特币期货ETF-Hashdex","ARKB":"比特币ETF-21Shares","HODL":"比特币ETF-VanEck","AAPL":"苹果"},"source_url":"https://finance.sina.com.cn/tech/2021-04-14/doc-ikmyaawa9642553.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125475263","content_text":"全球加密货币总市值现已超越苹果市值。Asset Dash数据显示，苹果市值现约为2.25万亿美元。Coingecko行情显示，全球加密货币总市值现约为2.31万亿美元。","news_type":1,"symbols_score_info":{"EZBC":1,"AAPL":0.9,"BTCW":1,"FBTC":1,"DEFI":1,"GBTC":1,"BTCO":1,"BRRR":1,"BITB":1,"ARKB":1,"HODL":1}},"isVote":1,"tweetType":1,"viewCount":1144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345949180,"gmtCreate":1618274887340,"gmtModify":1704708413265,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/345949180","repostId":"1176660010","repostType":4,"repost":{"id":"1176660010","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618272389,"share":"https://ttm.financial/m/news/1176660010?lang=en_US&edition=fundamental","pubTime":"2021-04-13 08:06","market":"hk","language":"zh","title":"Tencent Holdings: Will raise the limit of medium-term note program to $30 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1176660010","media":"老虎资讯综合","summary":"香港万得通讯社报道，腾讯控股在港交所公告，已于四月十三日更新全球中期票据计划，包括（其中包括）本公司近期的公司及财务资料，以及将计划限额由200亿美元提高至300亿美元（或其他货币的等值金额）。于本公","content":"<p>The Hong Kong Wind News Agency reported that Tencent Holdings announced on the Hong Kong Stock Exchange that it had updated its global medium-term note program on April 13, including, among other things, the Company's recent corporate and financial information, and increased the program limit from US$20 billion to US$30 billion (or the equivalent in other currencies).</p><p>As at the date of this announcement, the Company still has outstanding notes in the aggregate principal amount of US$18 billion under the Plan.</p><p>In connection with the planned and proposed notes issuance, the Company will provide recent corporate and financial information to certain professional investors. For the purpose of transparent and timely dissemination of information to shareholders and the wider investment community, a summary of relevant information from management's discussion and analysis of the financial position and results of operations of the Group is attached to this announcement.</p><p>The Company has appointed Morgan Stanley, Bank of America Securities and Deutsche Bank as arranging banks for the Scheme. Morgan Stanley, BofA Securities, Goldman Sachs (Asia) LLC and HSBC are the joint global coordinators for the proposed note offering.</p><p>[Original announcement]<a href=\"https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0413/2021041300052_c.pdf\" target=\"_blank\">Tencent Holdings Limited's Global Medium-Term Notes Program of up to US$30 billion</a></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>Tencent Holdings: Will raise the limit of medium-term note program to $30 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Holdings: Will raise the limit of medium-term note program to $30 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-13 08:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Hong Kong Wind News Agency reported that Tencent Holdings announced on the Hong Kong Stock Exchange that it had updated its global medium-term note program on April 13, including, among other things, the Company's recent corporate and financial information, and increased the program limit from US$20 billion to US$30 billion (or the equivalent in other currencies).</p><p>As at the date of this announcement, the Company still has outstanding notes in the aggregate principal amount of US$18 billion under the Plan.</p><p>In connection with the planned and proposed notes issuance, the Company will provide recent corporate and financial information to certain professional investors. For the purpose of transparent and timely dissemination of information to shareholders and the wider investment community, a summary of relevant information from management's discussion and analysis of the financial position and results of operations of the Group is attached to this announcement.</p><p>The Company has appointed Morgan Stanley, Bank of America Securities and Deutsche Bank as arranging banks for the Scheme. Morgan Stanley, BofA Securities, Goldman Sachs (Asia) LLC and HSBC are the joint global coordinators for the proposed note offering.</p><p>[Original announcement]<a href=\"https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0413/2021041300052_c.pdf\" target=\"_blank\">Tencent Holdings Limited's Global Medium-Term Notes Program of up to US$30 billion</a></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176660010","content_text":"香港万得通讯社报道，腾讯控股在港交所公告，已于四月十三日更新全球中期票据计划，包括（其中包括）本公司近期的公司及财务资料，以及将计划限额由200亿美元提高至300亿美元（或其他货币的等值金额）。于本公告刊发日期，本公司根据计划仍有本金总额180亿美元的未偿还票据。就计划及建议票据发行而言，本公司将向若干专业投资者提供近期的公司及财务资料。为了透明地和适时地向股东及更广泛的投资团体发布资料，管理层对本集团财务状况及经营业绩的讨论与分析的相关资料摘要随附于本公告。本公司已委任摩根士丹利、美银证券及德意志银行担任计划的安排行。摩根士丹利、美银证券、高盛（亚洲）有限责任公司及汇丰为建议票据发行的联席全球协调人。【公告原文】腾讯控股有限公司最高限额为300亿美元之全球中期票据计划","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349634177,"gmtCreate":1617600995099,"gmtModify":1704700711377,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349634177","repostId":"1185840581","repostType":4,"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352999301,"gmtCreate":1616848709003,"gmtModify":1704799585423,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352999301","repostId":"1110290207","repostType":4,"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351148861,"gmtCreate":1616578754553,"gmtModify":1704795900501,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351148861","repostId":"1183778649","repostType":4,"repost":{"id":"1183778649","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616578360,"share":"https://ttm.financial/m/news/1183778649?lang=en_US&edition=fundamental","pubTime":"2021-03-24 17:32","market":"us","language":"zh","title":"Baidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8","url":"https://stock-news.laohu8.com/highlight/detail?id=1183778649","media":"老虎资讯综合","summary":"百度集团-SＷ符合相关指数的快速纳入规则要求，将于2021年4月8日收市后被纳入恒生综合指数、恒生中国企业指数、恒生科技指数、恒生互联网科技业指数，并于2021年4月9日起生效。","content":"<p><a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>It meets the requirements of the rapid inclusion rules of relevant indexes, and will be included in the Hang Seng Composite Index,<a href=\"https://laohu8.com/S/02828\">Hang Seng China Enterprises</a>Indexes, Hang Seng Technology Index, Hang Seng Internet Technology Industry Index with effect from 9 April 2021.</p><p><img src=\"https://static.tigerbbs.com/69b153f4363164867db2e0809f3f9312\" tg-width=\"1480\" tg-height=\"1307\"></p><p><img src=\"https://static.tigerbbs.com/572727f9a5312152d0438bca5ceff7bb\" tg-width=\"840\" tg-height=\"470\" 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>Baidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8</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{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-24 17:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>It meets the requirements of the rapid inclusion rules of relevant indexes, and will be included in the Hang Seng Composite Index,<a href=\"https://laohu8.com/S/02828\">Hang Seng China Enterprises</a>Indexes, Hang Seng Technology Index, Hang Seng Internet Technology Industry Index with effect from 9 April 2021.</p><p><img src=\"https://static.tigerbbs.com/69b153f4363164867db2e0809f3f9312\" tg-width=\"1480\" tg-height=\"1307\"></p><p><img src=\"https://static.tigerbbs.com/572727f9a5312152d0438bca5ceff7bb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8901bb897f52869e81f726671f8e37d3","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183778649","content_text":"百度集团-SＷ符合相关指数的快速纳入规则要求，将于2021年4月8日收市后被纳入恒生综合指数、恒生中国企业指数、恒生科技指数、恒生互联网科技业指数，并于2021年4月9日起生效。","news_type":1,"symbols_score_info":{"09888":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359015988,"gmtCreate":1616300283144,"gmtModify":1704792746362,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"h","listText":"h","text":"h","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/359015988","repostId":"2120549145","repostType":4,"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350396218,"gmtCreate":1616158177234,"gmtModify":1704791654095,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350396218","repostId":"1173651311","repostType":4,"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324888349,"gmtCreate":1615982732981,"gmtModify":1704789273156,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324888349","repostId":"1104408842","repostType":4,"repost":{"id":"1104408842","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1615981679,"share":"https://ttm.financial/m/news/1104408842?lang=en_US&edition=fundamental","pubTime":"2021-03-17 19:47","market":"us","language":"zh","title":"Tonight's ups and downs depend on the dot plot: What will the market react if the Fed releases an \"eagle\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=1104408842","media":"英为财情Investing","summary":"距离美联储凌晨02:00的货币政策公告已经不到9小时，VIX恐慌指数还在20附近徘徊。但这也有可能是暴风雨之前的平静——债市、汇市、利率掉期市场的波动率在大幅攀升。\n在昨日的分析中，我们大体阐述了经济","content":"<p>It has been less than nine hours since the Fed's 02:00 a.m. monetary policy announcement, and the VIX panic index is still hovering around 20. But it may also be the calm before the storm-volatility in bond, foreign exchange and interest rate swap markets is rising sharply.</p><p>In yesterday's analysis, we broadly explained the consensus expectations of economists for the Fed's resolution, including economic forecasts, dot plots, etc. Wall Street has also issued more views as the resolution approaches, raising a question: How will the market react if the Fed behaves hawkish?</p><p>One key to whether you are hawkish is the dot plot. Currently, the consensus expectation in the market is that the median forecast for 2023 will not change, i.e. there will be no rate hike until 2023. But a third of economists still expect the dot plot to revise its median forecast for 2023 upward.</p><p><img src=\"https://static.tigerbbs.com/21e2e3ade6488faa22fc3f1f20c899ac\" tg-width=\"592\" tg-height=\"573\" referrerpolicy=\"no-referrer\">The Fed's dot plot for December</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>As far as it is expected, the dot plot will show that 11 Fed officials believe there will be at least one rate hike before the end of 2023, and seven officials believe there will be no rate hike.</p><p>Charlie McElligott, cross-asset macro strategist at Nomura, noted that if the market does welcome a \"slight surprise\" — a 25 basis point increase to the median 2023 value of the dot plot — then the interest rate market is likely to maintain the status quo and continue to \"sharpen its knife\" toward the bears; And at least in the short term, the stock market may have a downward knee jerk reaction, because at this time the market will interpret higher yields as \"tightening easing\" rather than \"higher growth/inflation expectations\".</p><p>Steve Englander, global chief foreign exchange strategist at Standard Chartered, gives a more aggressive forecast based on economic and inflation expectations: the median dot plot shows two rate hike in 2023, although the number of policymakers who think there will be one rate hike (25 basis points) will follow; However, the dot plot won't show that the Fed will raise interest rates in 2022.</p><p>Currently, the money market counts the Fed raising interest rates three times in 2023, and the first rate hike is more likely to occur at the end of 2022.</p><p>If this prediction is accurate and FOMC members continue to take a laissez-faire attitude towards the rise in yields, then this will be interpreted as extremely hawkish by the market. After all, most investors agree that the median dot plot shows that there will be no rate hike or rate hike in 2023.</p><p>Naturally, the Fed's \"extremely hawkish\" stance will push the dollar higher against almost every non-US currency. The degree of weakness in G10 currencies may vary, though.</p><p>Standard Chartered pointed out that since the impact of higher U.S. bond yields spread to the foreign exchange market, the G10 commodity currencies have reversed against the dollar<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Higher, mainly driven by the strength of the Canadian dollar; The pound was basically flat, and the euro, RMB and trade-weighted emerging currencies all depreciated by 1.5%-2.0%; The safe-haven currencies, the Swiss franc and the Japanese yen, plunged 4%. Safe-haven currencies are expected to be hit hardest because of recent weak risk aversion, not much demand for safe havens and widening yield spreads.</p><p>In contrast, Standard Chartered believes that the dot plot shows that there was one time in 2023 that rate hike was actually closer to neutral. Because the currency market has already factored in a lot of rate hike expectations, the dot plot suggests that 25 basis points for rate hike wouldn't be too much of a surprise. However, the strategist also added that the market will initially interpret this as slightly hawkish.</p><p>So, what if the dot plot remains the same? This will be interpreted as dovish by the market.</p><p>Nomura strategist McLigott believes that stock market investors may breathe a sigh of relief, and their binge party will continue, with the S&P 500 easily breaking past 4,000 and rising higher.</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>Tonight's ups and downs depend on the dot plot: What will the market react if the Fed releases an \"eagle\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTonight's ups and downs depend on the dot plot: What will the market react if the Fed releases an \"eagle\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-03-17 19:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It has been less than nine hours since the Fed's 02:00 a.m. monetary policy announcement, and the VIX panic index is still hovering around 20. But it may also be the calm before the storm-volatility in bond, foreign exchange and interest rate swap markets is rising sharply.</p><p>In yesterday's analysis, we broadly explained the consensus expectations of economists for the Fed's resolution, including economic forecasts, dot plots, etc. Wall Street has also issued more views as the resolution approaches, raising a question: How will the market react if the Fed behaves hawkish?</p><p>One key to whether you are hawkish is the dot plot. Currently, the consensus expectation in the market is that the median forecast for 2023 will not change, i.e. there will be no rate hike until 2023. But a third of economists still expect the dot plot to revise its median forecast for 2023 upward.</p><p><img src=\"https://static.tigerbbs.com/21e2e3ade6488faa22fc3f1f20c899ac\" tg-width=\"592\" tg-height=\"573\" referrerpolicy=\"no-referrer\">The Fed's dot plot for December</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>As far as it is expected, the dot plot will show that 11 Fed officials believe there will be at least one rate hike before the end of 2023, and seven officials believe there will be no rate hike.</p><p>Charlie McElligott, cross-asset macro strategist at Nomura, noted that if the market does welcome a \"slight surprise\" — a 25 basis point increase to the median 2023 value of the dot plot — then the interest rate market is likely to maintain the status quo and continue to \"sharpen its knife\" toward the bears; And at least in the short term, the stock market may have a downward knee jerk reaction, because at this time the market will interpret higher yields as \"tightening easing\" rather than \"higher growth/inflation expectations\".</p><p>Steve Englander, global chief foreign exchange strategist at Standard Chartered, gives a more aggressive forecast based on economic and inflation expectations: the median dot plot shows two rate hike in 2023, although the number of policymakers who think there will be one rate hike (25 basis points) will follow; However, the dot plot won't show that the Fed will raise interest rates in 2022.</p><p>Currently, the money market counts the Fed raising interest rates three times in 2023, and the first rate hike is more likely to occur at the end of 2022.</p><p>If this prediction is accurate and FOMC members continue to take a laissez-faire attitude towards the rise in yields, then this will be interpreted as extremely hawkish by the market. After all, most investors agree that the median dot plot shows that there will be no rate hike or rate hike in 2023.</p><p>Naturally, the Fed's \"extremely hawkish\" stance will push the dollar higher against almost every non-US currency. The degree of weakness in G10 currencies may vary, though.</p><p>Standard Chartered pointed out that since the impact of higher U.S. bond yields spread to the foreign exchange market, the G10 commodity currencies have reversed against the dollar<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Higher, mainly driven by the strength of the Canadian dollar; The pound was basically flat, and the euro, RMB and trade-weighted emerging currencies all depreciated by 1.5%-2.0%; The safe-haven currencies, the Swiss franc and the Japanese yen, plunged 4%. Safe-haven currencies are expected to be hit hardest because of recent weak risk aversion, not much demand for safe havens and widening yield spreads.</p><p>In contrast, Standard Chartered believes that the dot plot shows that there was one time in 2023 that rate hike was actually closer to neutral. Because the currency market has already factored in a lot of rate hike expectations, the dot plot suggests that 25 basis points for rate hike wouldn't be too much of a surprise. However, the strategist also added that the market will initially interpret this as slightly hawkish.</p><p>So, what if the dot plot remains the same? This will be interpreted as dovish by the market.</p><p>Nomura strategist McLigott believes that stock market investors may breathe a sigh of relief, and their binge party will continue, with the S&P 500 easily breaking past 4,000 and rising higher.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104408842","content_text":"距离美联储凌晨02:00的货币政策公告已经不到9小时，VIX恐慌指数还在20附近徘徊。但这也有可能是暴风雨之前的平静——债市、汇市、利率掉期市场的波动率在大幅攀升。\n在昨日的分析中，我们大体阐述了经济学家们对于美联储此次决议的共识预期，包括经济预测、点阵图等。随着决议的逼近，华尔街也发布了更多的观点，提出的一个问题是：如果美联储表现鹰派，市场会怎么反应？\n判断是否鹰派的一大关键是点阵图。目前，市场的共识预期是，2023年的中值预测不会改变，即直到2023年都不会加息。但仍有三分之一的经济学家预计，点阵图对于2023年的中值预测会上调。\n美联储去年12月的点阵图\n高盛就预计，点阵图将显示，有11名美联储官员认为2023年底之前至少加息一次，7名官员认为不会加息。\n野村跨资产宏观策略师查理·麦克利戈特（Charlie McElligott）指出，如果市场确实迎来一个“轻微的惊喜”——点阵图的2023年中值上调了25个基点，那么利率市场很可能会维持现状，继续“磨刀霍霍”向空头；而至少在短期内，股市可能会出现下跌的膝跳反应，因为这个时候市场会将更高的收益率解读为“收紧宽松政策”，而不是“更高的增长/通胀预期”。\n渣打银行全球首席外汇策略师史蒂夫·英格兰德（Steve Englander）基于经济和通胀预期，给出了更加激进的预测：点阵图中值显示2023年有两次加息，虽然认为会加息一次（25个基点）的决策者人数将紧随其后；不过点阵图不会显示美联储会在2022年加息。\n当前，货币市场计入美联储在2023年加息三次，第一次加息更可能出现在2022年底。\n如果这个预测准确，而FOMC委员继续对收益率的上升采取放任态度，那么这将被市场解读为极其鹰派，毕竟大多数的投资者都认为点阵图中值显示2023年无加息或加息一次。\n自然，美联储“极其鹰派”的立场将会推动美元兑几乎所有非美货币走高。不过，G10货币的疲软程度可能会有所不同。\n渣打银行指出，自从美债收益率走高的影响蔓延到外汇市场以来，G10大宗商品货币兑美元反而微软走高，主要是由加元的强势推动；英镑基本持平，欧元、人民币和贸易加权新兴货币都有1.5%-2.0%的贬值；避险货币瑞郎和日元大跌4%。避险货币受到的打击预计最为严重，因为近期风险规避情绪较弱，没有太多的避险需求，而且收益率差也在扩大。\n相比之下，渣打银行认为，点阵图显示2023年有一次加息其实更接近中性。因为货币市场已经计入了大量的加息预期，因此点阵图暗示加息25个基点不会是太大的意外。不过这位策略师也补充称，市场最初会将这解读为轻微的鹰派。\n那么，如果点阵图维持不变呢？这将被市场解读为鸽派。\n野村策略师麦克利戈特认为，股市投资者可能会松一口气，他们的狂欢派对也将会继续，标普500指数将轻松突破4000点并涨至更高。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":187070518,"gmtCreate":1623732403034,"gmtModify":1704209876409,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187070518","repostId":"1119444358","repostType":4,"isVote":1,"tweetType":1,"viewCount":3807,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345949180,"gmtCreate":1618274887340,"gmtModify":1704708413265,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/345949180","repostId":"1176660010","repostType":4,"repost":{"id":"1176660010","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618272389,"share":"https://ttm.financial/m/news/1176660010?lang=en_US&edition=fundamental","pubTime":"2021-04-13 08:06","market":"hk","language":"zh","title":"Tencent Holdings: Will raise the limit of medium-term note program to $30 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1176660010","media":"老虎资讯综合","summary":"香港万得通讯社报道，腾讯控股在港交所公告，已于四月十三日更新全球中期票据计划，包括（其中包括）本公司近期的公司及财务资料，以及将计划限额由200亿美元提高至300亿美元（或其他货币的等值金额）。于本公","content":"<p>The Hong Kong Wind News Agency reported that Tencent Holdings announced on the Hong Kong Stock Exchange that it had updated its global medium-term note program on April 13, including, among other things, the Company's recent corporate and financial information, and increased the program limit from US$20 billion to US$30 billion (or the equivalent in other currencies).</p><p>As at the date of this announcement, the Company still has outstanding notes in the aggregate principal amount of US$18 billion under the Plan.</p><p>In connection with the planned and proposed notes issuance, the Company will provide recent corporate and financial information to certain professional investors. For the purpose of transparent and timely dissemination of information to shareholders and the wider investment community, a summary of relevant information from management's discussion and analysis of the financial position and results of operations of the Group is attached to this announcement.</p><p>The Company has appointed Morgan Stanley, Bank of America Securities and Deutsche Bank as arranging banks for the Scheme. Morgan Stanley, BofA Securities, Goldman Sachs (Asia) LLC and HSBC are the joint global coordinators for the proposed note offering.</p><p>[Original announcement]<a href=\"https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0413/2021041300052_c.pdf\" target=\"_blank\">Tencent Holdings Limited's Global Medium-Term Notes Program of up to US$30 billion</a></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>Tencent Holdings: Will raise the limit of medium-term note program to $30 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Holdings: Will raise the limit of medium-term note program to $30 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-13 08:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Hong Kong Wind News Agency reported that Tencent Holdings announced on the Hong Kong Stock Exchange that it had updated its global medium-term note program on April 13, including, among other things, the Company's recent corporate and financial information, and increased the program limit from US$20 billion to US$30 billion (or the equivalent in other currencies).</p><p>As at the date of this announcement, the Company still has outstanding notes in the aggregate principal amount of US$18 billion under the Plan.</p><p>In connection with the planned and proposed notes issuance, the Company will provide recent corporate and financial information to certain professional investors. For the purpose of transparent and timely dissemination of information to shareholders and the wider investment community, a summary of relevant information from management's discussion and analysis of the financial position and results of operations of the Group is attached to this announcement.</p><p>The Company has appointed Morgan Stanley, Bank of America Securities and Deutsche Bank as arranging banks for the Scheme. Morgan Stanley, BofA Securities, Goldman Sachs (Asia) LLC and HSBC are the joint global coordinators for the proposed note offering.</p><p>[Original announcement]<a href=\"https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0413/2021041300052_c.pdf\" target=\"_blank\">Tencent Holdings Limited's Global Medium-Term Notes Program of up to US$30 billion</a></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176660010","content_text":"香港万得通讯社报道，腾讯控股在港交所公告，已于四月十三日更新全球中期票据计划，包括（其中包括）本公司近期的公司及财务资料，以及将计划限额由200亿美元提高至300亿美元（或其他货币的等值金额）。于本公告刊发日期，本公司根据计划仍有本金总额180亿美元的未偿还票据。就计划及建议票据发行而言，本公司将向若干专业投资者提供近期的公司及财务资料。为了透明地和适时地向股东及更广泛的投资团体发布资料，管理层对本集团财务状况及经营业绩的讨论与分析的相关资料摘要随附于本公告。本公司已委任摩根士丹利、美银证券及德意志银行担任计划的安排行。摩根士丹利、美银证券、高盛（亚洲）有限责任公司及汇丰为建议票据发行的联席全球协调人。【公告原文】腾讯控股有限公司最高限额为300亿美元之全球中期票据计划","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187045667,"gmtCreate":1623732271559,"gmtModify":1704209871543,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"z","listText":"z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187045667","repostId":"1112473662","repostType":4,"repost":{"id":"1112473662","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623721000,"share":"https://ttm.financial/m/news/1112473662?lang=en_US&edition=fundamental","pubTime":"2021-06-15 09:36","market":"sh","language":"zh","title":"The winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable","url":"https://stock-news.laohu8.com/highlight/detail?id=1112473662","media":"老虎资讯综合","summary":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份","content":"<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>According to the announcement, the company issued 16,829,600 shares at a price of HK$ 173 per share and 200 shares per lot, which is expected to be listed on June 16th.</p><p>Times Angel was subscribed 2079.16 times during the Public Offer Stage and the final number of Offer Shares allocated to the Public Offer was 8,414,800 Shares, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 792,388 valid applications were received, with a successful rate of 1.5%, and 750 lots were successfully subscribed.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 8,414,800 (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares. The relevant data of Tiger Information are as follows:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot of 200 shares, the entrance fee is HK$34948.66. The winning rate of the first lot is 1.5%, and the subscription of 750 lots is stable.</p><p>The threshold of Group B is 30,000 shares, and the funds required for subscription are about HK$ 5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is reported that the company is the leading provider of invisible orthotic solutions in China. According to the CIC Report, the invisible orthotic solutions market in China is highly concentrated, with the top two market players accounting for a total market share of 82.4% based on cases reached in 2020. According to the same information, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dental practitioners served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019 and further to 19,900 in 2020. The number of closed cases of the Company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019 and further to 137,600 in 2020.</p><p>In terms of financial position, the Company's revenue was RMB488 million, RMB646 million and RMB817 million in 2018, 2019 and 2020, respectively, representing a CAGR of 29.26% from 2018 to 2020. Net profits were 58.2 million yuan, 67.7 million yuan and 151 million yuan respectively, with a compound growth rate of 61.07% from 2018 to 2020; Adjusted EBITDA (non-IFRS measure) for the same period was RMB129 million, RMB175 million and RMB297 million, respectively.</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>The winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe winning rate of Times Angel is 1.5%, and the subscription of 750 lots is stable\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-15 09:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 15th news, this Tuesday<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>According to the announcement, the company issued 16,829,600 shares at a price of HK$ 173 per share and 200 shares per lot, which is expected to be listed on June 16th.</p><p>Times Angel was subscribed 2079.16 times during the Public Offer Stage and the final number of Offer Shares allocated to the Public Offer was 8,414,800 Shares, representing 50% of the total Offer Shares (before any Over-allotment Option is exercised). A total of 792,388 valid applications were received, with a successful rate of 1.5%, and 750 lots were successfully subscribed.</p><p>In addition, the International Offering was significantly over-subscribed and the final number of Offer Shares was 8,414,800 (excluding the Over-allocated Shares), representing 50% of the total number of Offer Shares. The relevant data of Tiger Information are as follows:<img src=\"https://static.tigerbbs.com/59668ed8a0d3f43ea5d4bac2319b2d55\" tg-width=\"701\" tg-height=\"589\" referrerpolicy=\"no-referrer\"><b>Subscription ladder:</b></p><p>Each lot of 200 shares, the entrance fee is HK$34948.66. The winning rate of the first lot is 1.5%, and the subscription of 750 lots is stable.</p><p>The threshold of Group B is 30,000 shares, and the funds required for subscription are about HK$ 5,242,299.63.<img src=\"https://static.tigerbbs.com/ba283b41439eead634c95e73e52b3b68\" tg-width=\"1110\" tg-height=\"808\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/6251941867d64b573d06a4dc4f827636\" tg-width=\"573\" tg-height=\"700\" referrerpolicy=\"no-referrer\"></p><p>It is reported that the company is the leading provider of invisible orthotic solutions in China. According to the CIC Report, the invisible orthotic solutions market in China is highly concentrated, with the top two market players accounting for a total market share of 82.4% based on cases reached in 2020. According to the same information, the company's market share in the same year was approximately 41.0%.</p><p>During the Track Record Period, the number of dental practitioners served by the Company increased from approximately 11,500 in 2018 to approximately 15,800 in 2019 and further to 19,900 in 2020. The number of closed cases of the Company increased from approximately 77,700 in 2018 to approximately 120,100 in 2019 and further to 137,600 in 2020.</p><p>In terms of financial position, the Company's revenue was RMB488 million, RMB646 million and RMB817 million in 2018, 2019 and 2020, respectively, representing a CAGR of 29.26% from 2018 to 2020. Net profits were 58.2 million yuan, 67.7 million yuan and 151 million yuan respectively, with a compound growth rate of 61.07% from 2018 to 2020; Adjusted EBITDA (non-IFRS measure) for the same period was RMB129 million, RMB175 million and RMB297 million, respectively.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/22fb0a544aa253b668379d9f58bbe5a9","relate_stocks":{"06699":"时代天使"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112473662","content_text":"6月15日消息，本周二时代天使发布公告，公司发行1682.96万股股份，每股定价173港元，每手200股，预期将于6月16日上市。\n公开发售阶段时代天使获2079.16倍认购，分配至公开发售的发售股份最终数目为841.48万股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获792388份有效申请，一手中签率1.5%，认购750手稳中一手。\n此外，国际发售获大幅超额认购，发售股份最终数目为841.48万股（不包括超额分配股份），相当于发售股份总数的50%。老虎资讯整理相关数据如下表：申购阶梯：\n每手200股，入场费34948.66港元。一手中签率1.5%，认购750手稳中一手。\n乙组门槛为3万股，申购所需资金约5242299.63港元。\n据悉，公司是中国领先的隐形矫治解决方案提供商。根据灼识咨询报告，中国的隐形矫治解决方案市场高度集中，按2020年的达成案例计量，前两大市场参与者的市场占有率总计为82.4%。据同一份资料显示，公司于同年的市场份额为约41.0%。\n于业绩纪录期，公司服务的牙科医生人数由2018年的约1.15万名增至2019年的约1.58万名，并进一步增至2020年的1.99万名。公司的达成案例由2018年的约7.77万个增至2019年的约12.01万个，并进一步增至2020年的13.76万个。\n财务状况方面，于2018年、2019年及2020年，公司的收入分别为人民币4.88亿元、6.46亿元及8.17亿元，2018~2020年的复合增长率达29.26%；净利润分别为5820万元、6770万元及1.51亿元，2018~2020年的复合增长率达61.07%；同期经调整EBITDA（非国际财务报告准则计量）分别为1.29亿元、1.75亿元及2.97亿元。","news_type":1,"symbols_score_info":{"06699":0.9}},"isVote":1,"tweetType":1,"viewCount":3428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374324050,"gmtCreate":1619422100770,"gmtModify":1704723580629,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374324050","repostId":"1182402252","repostType":4,"repost":{"id":"1182402252","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619421307,"share":"https://ttm.financial/m/news/1182402252?lang=en_US&edition=fundamental","pubTime":"2021-04-26 15:15","market":"us","language":"zh","title":"$6 Billion Run Off! Tech stocks snubbed by investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1182402252","media":"英为财情Investing","summary":"上周美国科技股表现平淡，使得投资者在科技巨头公布财报前抛售数十亿美元股票提前离场。\n数据显示，规模达1610亿美元的纳斯达克100指数ETF（(NASDAQ:QQQ)）上周净流出达60亿美元，是自20","content":"<p>U.S. tech stocks were flat last week, sending investors off the market early after selling off billions of dollars in stocks ahead of the tech giant's earnings report.</p><p>The data showed that the $161 billion NASDAQ 100 ETF ((NASDAQ:QQQ)) had a net outflow of $6 billion last week, the largest outflow since the dot-com bubble burst in 2000, which also gave the ETF its first weekly decline in more than a month.</p><p><img src=\"https://static.tigerbbs.com/ea7e37f3e57284afbc516c91b97db7a4\"></p><p>Last year, tech stocks were highly sought after by investors, but things have been completely different this year. Since 2021, ETFs that track finance have attracted $15.7 billion in inflows, while energy and materials funds have attracted $14.4 billion and $4.9 billion, respectively, but technology ETFs have only $3.9 billion in inflows so far this year.</p><p>James Pillow, managing director of Moors & Cabot Inc., said investors may be expecting too much for tech stocks as earnings season kicks off, and he is eyeing the materials, energy and financial sectors, which could grow as much as 80%.</p><p>After Netflix's disappointing financial report last week,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Many technology giants are about to announce their earnings this week.</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>$6 Billion Run Off! Tech stocks snubbed by investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$6 Billion Run Off! Tech stocks snubbed by investors\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-26 15:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. tech stocks were flat last week, sending investors off the market early after selling off billions of dollars in stocks ahead of the tech giant's earnings report.</p><p>The data showed that the $161 billion NASDAQ 100 ETF ((NASDAQ:QQQ)) had a net outflow of $6 billion last week, the largest outflow since the dot-com bubble burst in 2000, which also gave the ETF its first weekly decline in more than a month.</p><p><img src=\"https://static.tigerbbs.com/ea7e37f3e57284afbc516c91b97db7a4\"></p><p>Last year, tech stocks were highly sought after by investors, but things have been completely different this year. Since 2021, ETFs that track finance have attracted $15.7 billion in inflows, while energy and materials funds have attracted $14.4 billion and $4.9 billion, respectively, but technology ETFs have only $3.9 billion in inflows so far this year.</p><p>James Pillow, managing director of Moors & Cabot Inc., said investors may be expecting too much for tech stocks as earnings season kicks off, and he is eyeing the materials, energy and financial sectors, which could grow as much as 80%.</p><p>After Netflix's disappointing financial report last week,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Many technology giants are about to announce their earnings this week.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/48729940b5a815d99b2cb055fae07190","relate_stocks":{"QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182402252","content_text":"上周美国科技股表现平淡，使得投资者在科技巨头公布财报前抛售数十亿美元股票提前离场。\n数据显示，规模达1610亿美元的纳斯达克100指数ETF（(NASDAQ:QQQ)）上周净流出达60亿美元，是自2000年互联网泡沫破裂以来流出规模最大的一次，这也使得该ETF在一个多月来首次出现了周下跌。\n\n去年，科技股受到了投资者的追捧，但今年以来形势却完全不同。2021年以来，追踪金融的ETF已经吸引了157亿美元的资金流入，而能源和材料基金分别吸引了144亿美元和49亿美元的资金流入，但科技ETF今年迄今的资金流入却仅有39亿美元。\nMoors＆Cabot Inc.董事总经理James Pillow表示，随着财报季拉开序幕，投资者们对科技股的预期可能过高，他正在关注材料、能源和金融板块，这些板块的增长可能高达80%。\n在上周奈飞公布了令人失望的财务报告后，亚马逊、苹果、微软等诸多科技巨头即将在本周公布财报。","news_type":1,"symbols_score_info":{"QQQ":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372251330,"gmtCreate":1619223070920,"gmtModify":1704721409806,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"Z","listText":"Z","text":"Z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372251330","repostId":"2129035903","repostType":4,"repost":{"id":"2129035903","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619191931,"share":"https://ttm.financial/m/news/2129035903?lang=en_US&edition=fundamental","pubTime":"2021-04-23 23:32","market":"us","language":"zh","title":"Two K12 giants have released financial reports successively. Who has a \"good future\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129035903","media":"英为财情Investing","summary":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这","content":"<p>China's two major education giants have recently released the latest financial data. After experiencing a high volatility in the first quarter, the financial reports of the two companies have been closely watched by investors.</p><p>According to the market data, the prices of stocks listed on the US stock market have both dropped by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also inconsistent with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of China Education Stock can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out various problems existing in online education. There are also media sources that after-school tutoring institutions have been raided by relevant regulatory authorities. And at that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Not committed to the news.</p><p>In the next few months, online education was frequently named by relevant departments and official media, and the question of how to regulate the education and training industry also triggered heated social discussion. Chen Baosheng, the Minister of Education, recently said that this year, we should vigorously manage and rectify off-campus training institutions. On March 31, Lv Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has included the governance of training institutions as a key task, and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>In the strict regulatory environment, Wall Street has also turned,<a href=\"https://laohu8.com/S/C\">Citigroup</a>The analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The price target of was lowered by $20; While<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading enterprises will not be too great. However, the investment bank also said that in the current situation of more news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in Q4 fiscal year 2021 was $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance estimate of between $1.175 billion and $1.2 billion released in Q3. The company achieved revenue of about $4.5 billion for the whole year, a year-on-year increase of 37.3%. However, its losses also amplified, with a net loss of $169 million in the fourth quarter, an increase of 87.56% from a net loss of $90 million in the same period of last year, and a net loss of $116 million for the whole year.</p><p>It should be noted that TAL's losses have increased mainly because of the substantial increase in marketing expenses brought by the online education war. Recently, the competition among major online educational institutions has become more and more fierce, the company's advertising investment has further soared, and the overall marketing expenses have soared. Specifically, the company's Q4 sales expenses reached US$660 million, a year-on-year increase of 172%; The annual sales expenses amounted to RMB1.68 billion, representing a year-on-year increase of 37.4%.</p><p>Although backed by a strict regulatory environment and a large number of advertisements before the winter vacation, the regulatory authorities paid attention to it, the revenue of online courses in Q4 Company was about 440 million USD, a year-on-year increase of 115%, accounting for a substantial increase from 24% in the same period last year to 32%. The number of participants in long-term regular-price courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-price courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of higher education in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow remains as high as $5.938 billion.</p><p>TAL expects its revenue to increase by 43%-45% year-over-year to between $1,302.2 million and $1,320.5 million in Q1 fiscal 2022 (the three months ended May 31, 2021).</p><p><b>2、</b>New Oriental</p><p>Earlier this week, TAL's top rival New Oriental also released its earnings report. According to the data, in the third quarter of fiscal 2021, New Oriental's net income exceeded $1.19 billion, up 29% year-on-year, and in addition, Q3.151 billion, up 9.9% year-on-year. Earnings per ADS were $0.09, the same as $0.09 in the same period last year, and the market expectation was $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal 2021, New Oriental continued to expand the coverage of OMO systems, investing $59 million to trial OMO online courses in existing cities and 25 new surrounding satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate Online and Offline channels, and is considered to be a business model with greater market efficiency after O2O.)</p><p>In the third quarter of fiscal 2021, New Oriental's operating costs and expenses were $1,089 million, up 35.1% year-over-year; Cost of revenue was $529.5 million, up 35.3% year-on-year; Selling and marketing expenses were US$156.1 million, representing a year-on-year increase of 32.0%; General and administrative expenses amounted to US$393.4 million, representing a year-on-year increase of 36.1%. However, the increase in costs has also caused the company's profit margins to be suppressed.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" towards it. On the day of the financial report, the company's share price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the market share of the stock by other industry players cannot be ignored.</p><p>New Oriental forecasts that its revenue will increase by 38%-43% year-on-year to between $1,101.9 million and $1,141.8 million in Q4 fiscal 2021 (the three months ended May 31, 2021).</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>Two K12 giants have released financial reports successively. Who has a \"good future\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwo K12 giants have released financial reports successively. Who has a \"good future\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's two major education giants have recently released the latest financial data. After experiencing a high volatility in the first quarter, the financial reports of the two companies have been closely watched by investors.</p><p>According to the market data, the prices of stocks listed on the US stock market have both dropped by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also inconsistent with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of China Education Stock can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out various problems existing in online education. There are also media sources that after-school tutoring institutions have been raided by relevant regulatory authorities. And at that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Not committed to the news.</p><p>In the next few months, online education was frequently named by relevant departments and official media, and the question of how to regulate the education and training industry also triggered heated social discussion. Chen Baosheng, the Minister of Education, recently said that this year, we should vigorously manage and rectify off-campus training institutions. On March 31, Lv Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has included the governance of training institutions as a key task, and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>In the strict regulatory environment, Wall Street has also turned,<a href=\"https://laohu8.com/S/C\">Citigroup</a>The analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The price target of was lowered by $20; While<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading enterprises will not be too great. However, the investment bank also said that in the current situation of more news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in Q4 fiscal year 2021 was $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance estimate of between $1.175 billion and $1.2 billion released in Q3. The company achieved revenue of about $4.5 billion for the whole year, a year-on-year increase of 37.3%. However, its losses also amplified, with a net loss of $169 million in the fourth quarter, an increase of 87.56% from a net loss of $90 million in the same period of last year, and a net loss of $116 million for the whole year.</p><p>It should be noted that TAL's losses have increased mainly because of the substantial increase in marketing expenses brought by the online education war. Recently, the competition among major online educational institutions has become more and more fierce, the company's advertising investment has further soared, and the overall marketing expenses have soared. Specifically, the company's Q4 sales expenses reached US$660 million, a year-on-year increase of 172%; The annual sales expenses amounted to RMB1.68 billion, representing a year-on-year increase of 37.4%.</p><p>Although backed by a strict regulatory environment and a large number of advertisements before the winter vacation, the regulatory authorities paid attention to it, the revenue of online courses in Q4 Company was about 440 million USD, a year-on-year increase of 115%, accounting for a substantial increase from 24% in the same period last year to 32%. The number of participants in long-term regular-price courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-price courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of higher education in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow remains as high as $5.938 billion.</p><p>TAL expects its revenue to increase by 43%-45% year-over-year to between $1,302.2 million and $1,320.5 million in Q1 fiscal 2022 (the three months ended May 31, 2021).</p><p><b>2、</b>New Oriental</p><p>Earlier this week, TAL's top rival New Oriental also released its earnings report. According to the data, in the third quarter of fiscal 2021, New Oriental's net income exceeded $1.19 billion, up 29% year-on-year, and in addition, Q3.151 billion, up 9.9% year-on-year. Earnings per ADS were $0.09, the same as $0.09 in the same period last year, and the market expectation was $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal 2021, New Oriental continued to expand the coverage of OMO systems, investing $59 million to trial OMO online courses in existing cities and 25 new surrounding satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate Online and Offline channels, and is considered to be a business model with greater market efficiency after O2O.)</p><p>In the third quarter of fiscal 2021, New Oriental's operating costs and expenses were $1,089 million, up 35.1% year-over-year; Cost of revenue was $529.5 million, up 35.3% year-on-year; Selling and marketing expenses were US$156.1 million, representing a year-on-year increase of 32.0%; General and administrative expenses amounted to US$393.4 million, representing a year-on-year increase of 36.1%. However, the increase in costs has also caused the company's profit margins to be suppressed.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" towards it. On the day of the financial report, the company's share price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the market share of the stock by other industry players cannot be ignored.</p><p>New Oriental forecasts that its revenue will increase by 38%-43% year-on-year to between $1,101.9 million and $1,141.8 million in Q4 fiscal 2021 (the three months ended May 31, 2021).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/95a52bac654e212de5e6a737e01fc5ff","relate_stocks":{"TAL":"好未来","EDU":"新东方","09901":"新东方-S"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129035903","content_text":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这不仅大幅弱于美股大盘的走势，也并不符合“后疫情”时代经济蓬勃复苏的趋势。\n中概教育股的弱势，可以追溯到今年1月，彼时，中央纪委国家监委网站发文直指在线教育存在的种种问题。还有媒体消息称，课后辅导机构受到了相关监管部门的突击检查。而当时新东方对这一消息不置可否。\n接下来的几个月里，在线教育频频被有关部门和官媒点名，关于如何规范教培行业的问题也引发了社会热议。教育部部长陈宝生近期表示，今年要大力度治理整顿校外培训机构。3月31日，教育部基础教育司司长吕玉刚在国新办发布会上表示，今年教育部把培训机构治理工作列入重点工作任务，进一步加大校外培训机构治理力度。随着监管政策的陆续出台，2021年也被视作教培行业变革性的一年。\n严监管环境下，华尔街也纷纷转向，花旗的分析师将好未来的目标价下调了20美元；而杰富瑞的分析师则认为，监管对于龙头企业的影响不会太大。但是该投行也表示，在当前消息较多的情况下，投资者选择了“用脚投票”，先抛售股票，这是华尔街投资者对国际股票负面消息常见的处理方式。\n1、好未来\n好未来最新公布的数据显示，公司2021财年Q4季度营收为13.6亿美元，同比增长59%，优于公司Q3时公布的指引预期11.75-12亿美元之间，全年公司实现收入约45亿美元，同比增长37.3%。但是，其亏损也放大，第四季净亏损为1.69亿美元，较上年同期的净亏损0.90亿美元扩大87.56%，全年净亏损为1.160亿美元。\n需要注意的是，好未来的亏损加大，主要是因为线上教育大战所带来的营销费用大幅增长。近期，各大头部在线教育机构之间的竞争越发激烈，公司的广告投入也进一步激增，整体营销费用大幅飙升。具体而言，公司Q4销售费用达到6.6亿美元，同比大增172%；全年销售费用16.8亿元，同比大增37.4%。\n虽然背靠严监管环境，而且寒假前的广告大量投放问题，被监管部门关注，但是Q4公司在线课程实现收入约4.4亿美元，同比增长115%，占比从去年同期的24%大幅增至32%，长期正价课程的参培人数同比增长71%达到350万人，正价课程ASP同比增长9%。\n根据英为财情Investing.com的行情数据显示，在好未来公布财报之初，市场给予该股较为正面的反应(盘前涨约6%)，但是随后股价回落，最终收跌2.16%。\n市场分析师认为，在中国严峻的升学压力之下，公司在课外辅导市场仍然具备巨大机会，虽然竞争激烈，但是在监管趋严的背景下，竞争会更加趋于冷静，其在营销费用的管理方面也有望提升。公司后市在线上扩张方面更理性。而且其现金流仍然高达59.38亿美元。\n好未来预计，2022财年Q1(截至2021年5月31日止三个月)，其营收同比增长43%-45%，至13.022亿美元-13.205亿美元之间。\n2、新东方\n本周稍早前，好未来的头号竞争对手新东方也发布了财报。数据显示，2021财年第三季度，新东方净收入超11.9亿美元，同比增长29%，此外，Q31.51亿美元，同比增长9.9%。每ADS盈利0.09美元，和去年同期的0.09美元持平，市场预期0.06美元。\n和好未来一样，面对激烈的竞争环境，公司业务扩张也导致了成本的增加，数据显示，2021财年Q3，新东方继续扩大OMO系统的覆盖范围，投入5900万美元，在现有城市和周围的25个新的卫星城市中试用OMO在线课程。(OMO战略是指Online-Merge-Offline模式，旨在深度融合线上和线下渠道，被认为是继O2O之后市场效率更大提升的商业模式。)\n在2021财年第三季度，新东方运营成本和开支为10.890亿美元，同比增长35.1%；营收成本为5.295亿美元，同比增长35.3%；销售及营销开支为1.561亿美元，同比增长32.0%；总务及行政开支为3.934亿美元，同比增长36.1%。不过成本的增长也导致了公司的利润空间受到压制。\n不过，新东方仍然盈利，这也让华尔街的投资者对其更为“宽容”，在财报发布当日，公司股价收盘涨超6.4%。\n分析师认为，在中国较好地控制疫情的情况下，线下教育也已经回暖，两种教育方式就能得到相互补充，可以帮助新东方这样的老牌教育机构抢占更多市场和资源。但是不可否认的是，激烈的竞争环境中，其他行业参与者对该股市场份额的侵蚀也不容忽视。\n新东方预测，2021财年Q4(截至2021年5月31日止三个月)，其营收同比增长38%-43%，至11.019亿美元-11.418亿美元之间。","news_type":1,"symbols_score_info":{"09901":0.9,"TAL":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":3239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347197954,"gmtCreate":1618473278478,"gmtModify":1704711360321,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/347197954","repostId":"1158737349","repostType":4,"repost":{"id":"1158737349","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618472281,"share":"https://ttm.financial/m/news/1158737349?lang=en_US&edition=fundamental","pubTime":"2021-04-15 15:38","market":"us","language":"zh","title":"Spokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization","url":"https://stock-news.laohu8.com/highlight/detail?id=1158737349","media":"老虎资讯综合","summary":"针对近日$阿里巴巴(BABA)$集团被罚180亿元引发外界关注一事，商务部新闻发言人高峰表示：关于电子商务行业，我们始终坚持发展与规范并重的原则。我们支持企业创新发展、良性竞争，同时也致力于营造公平竞争的市场环境，这有利于行业整体的可持续性。\n\n此前，商务部公开征求《移动电子商务服务类商品经营规范》行业标准（征求意见稿）意见。","content":"<p>In view of recent<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Gao Feng, spokesman of the Ministry of Commerce, said: Regarding the e-commerce industry, we always adhere to the principle of paying equal attention to development and regulation. We support the innovation and development of enterprises and healthy competition, and at the same time are committed to creating a fair market environment, which is conducive to the sustainability of the industry as a whole.</p><p>Previously, the Ministry of Commerce publicly solicited opinions on the industry standard (draft for comments) of the Business Standards for Mobile E-commerce Service Commodities.</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>Spokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpokesman of the Ministry of Commerce: For e-commerce enterprises, adhere to equal emphasis on development and standardization\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-15 15:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>In view of recent<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Gao Feng, spokesman of the Ministry of Commerce, said: Regarding the e-commerce industry, we always adhere to the principle of paying equal attention to development and regulation. We support the innovation and development of enterprises and healthy competition, and at the same time are committed to creating a fair market environment, which is conducive to the sustainability of the industry as a whole.</p><p>Previously, the Ministry of Commerce publicly solicited opinions on the industry standard (draft for comments) of the Business Standards for Mobile E-commerce Service Commodities.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/995418fbbbc235e75883dec898dccaa8","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158737349","content_text":"针对近日阿里巴巴集团被罚180亿元引发外界关注一事，商务部新闻发言人高峰表示：关于电子商务行业，我们始终坚持发展与规范并重的原则。我们支持企业创新发展、良性竞争，同时也致力于营造公平竞争的市场环境，这有利于行业整体的可持续性。此前，商务部公开征求《移动电子商务服务类商品经营规范》行业标准（征求意见稿）意见。","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":344165050,"gmtCreate":1618388746870,"gmtModify":1704710032458,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344165050","repostId":"1125475263","repostType":4,"repost":{"id":"1125475263","kind":"news","pubTimestamp":1618388143,"share":"https://ttm.financial/m/news/1125475263?lang=en_US&edition=fundamental","pubTime":"2021-04-14 16:15","market":"us","language":"zh","title":"Total global cryptocurrency market cap has surpassed Apple's market cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1125475263","media":"新浪科技","summary":"全球加密货币总市值现已超越苹果市值。Asset Dash数据显示，苹果市值现约为2.25万亿美元。Coingecko行情显示，全球加密货币总市值现约为2.31万亿美元。","content":"<p>Total global cryptocurrency market cap has now surpassed<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Market Cap. Apple's market cap now stands at about $2.25 trillion, according to Asset Dash data. According to the Coingecko market, the total market capitalization of global cryptocurrencies is now about $2.31 trillion.</p>","source":"sina_tech","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>Total global cryptocurrency market cap has surpassed Apple's market cap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTotal global cryptocurrency market cap has surpassed Apple's market cap\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-04-14 16:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Total global cryptocurrency market cap has now surpassed<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Market Cap. Apple's market cap now stands at about $2.25 trillion, according to Asset Dash data. According to the Coingecko market, the total market capitalization of global cryptocurrencies is now about $2.31 trillion.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-04-14/doc-ikmyaawa9642553.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f4856ec4f591737ec230b966483fc4f7","relate_stocks":{"BRRR":"比特币ETF-CoinShares","BTCW":"比特币ETF-Wisdom Tree","GBTC":"比特币ETF-Grayscale","EZBC":"比特币ETF-Franklin","FBTC":"比特币ETF-Fidelity","BITB":"比特币ETF-Bitwise","BTCO":"比特币ETF-Invesco Galaxy","DEFI":"比特币期货ETF-Hashdex","ARKB":"比特币ETF-21Shares","HODL":"比特币ETF-VanEck","AAPL":"苹果"},"source_url":"https://finance.sina.com.cn/tech/2021-04-14/doc-ikmyaawa9642553.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125475263","content_text":"全球加密货币总市值现已超越苹果市值。Asset Dash数据显示，苹果市值现约为2.25万亿美元。Coingecko行情显示，全球加密货币总市值现约为2.31万亿美元。","news_type":1,"symbols_score_info":{"EZBC":1,"AAPL":0.9,"BTCW":1,"FBTC":1,"DEFI":1,"GBTC":1,"BTCO":1,"BRRR":1,"BITB":1,"ARKB":1,"HODL":1}},"isVote":1,"tweetType":1,"viewCount":1144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351148861,"gmtCreate":1616578754553,"gmtModify":1704795900501,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351148861","repostId":"1183778649","repostType":4,"repost":{"id":"1183778649","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616578360,"share":"https://ttm.financial/m/news/1183778649?lang=en_US&edition=fundamental","pubTime":"2021-03-24 17:32","market":"us","language":"zh","title":"Baidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8","url":"https://stock-news.laohu8.com/highlight/detail?id=1183778649","media":"老虎资讯综合","summary":"百度集团-SＷ符合相关指数的快速纳入规则要求，将于2021年4月8日收市后被纳入恒生综合指数、恒生中国企业指数、恒生科技指数、恒生互联网科技业指数，并于2021年4月9日起生效。","content":"<p><a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>It meets the requirements of the rapid inclusion rules of relevant indexes, and will be included in the Hang Seng Composite Index,<a href=\"https://laohu8.com/S/02828\">Hang Seng China Enterprises</a>Indexes, Hang Seng Technology Index, Hang Seng Internet Technology Industry Index with effect from 9 April 2021.</p><p><img src=\"https://static.tigerbbs.com/69b153f4363164867db2e0809f3f9312\" tg-width=\"1480\" tg-height=\"1307\"></p><p><img src=\"https://static.tigerbbs.com/572727f9a5312152d0438bca5ceff7bb\" tg-width=\"840\" tg-height=\"470\" 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>Baidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu Hong Kong stocks will be included in Hang Seng Composite and other indexes after the market closes on April 8\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-24 17:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>It meets the requirements of the rapid inclusion rules of relevant indexes, and will be included in the Hang Seng Composite Index,<a href=\"https://laohu8.com/S/02828\">Hang Seng China Enterprises</a>Indexes, Hang Seng Technology Index, Hang Seng Internet Technology Industry Index with effect from 9 April 2021.</p><p><img src=\"https://static.tigerbbs.com/69b153f4363164867db2e0809f3f9312\" tg-width=\"1480\" tg-height=\"1307\"></p><p><img src=\"https://static.tigerbbs.com/572727f9a5312152d0438bca5ceff7bb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8901bb897f52869e81f726671f8e37d3","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183778649","content_text":"百度集团-SＷ符合相关指数的快速纳入规则要求，将于2021年4月8日收市后被纳入恒生综合指数、恒生中国企业指数、恒生科技指数、恒生互联网科技业指数，并于2021年4月9日起生效。","news_type":1,"symbols_score_info":{"09888":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117103923,"gmtCreate":1623120045262,"gmtModify":1704196489621,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117103923","repostId":"1151376161","repostType":4,"isVote":1,"tweetType":1,"viewCount":3701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359015988,"gmtCreate":1616300283144,"gmtModify":1704792746362,"author":{"id":"3576391338782613","authorId":"3576391338782613","name":"JackyLove","avatar":"https://static.tigerbbs.com/fca9a8a9b23114d17a2580e761155d47","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576391338782613","idStr":"3576391338782613"},"themes":[],"htmlText":"h","listText":"h","text":"h","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/359015988","repostId":"2120549145","repostType":4,"repost":{"id":"2120549145","kind":"news","pubTimestamp":1616299535,"share":"https://ttm.financial/m/news/2120549145?lang=en_US&edition=fundamental","pubTime":"2021-03-21 12:05","market":"us","language":"zh","title":"U.S. Treasury Bond yield surge intensifies, will the Fed \"submit\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120549145","media":"FX168","summary":"英国媒体周六报道称，美联储正陷入与市场的“摊牌”中。英国《金融时报》称，尽管鲍威尔对美国国债的收益率采取了放任不管的方法，但与他在欧元区的同行相比，投资者仍在质疑美联储可以允许这种利率运行多长时间。美国国债被抛售反映出通胀和增长预期大幅提升，经济学家怀疑美联储最终将被迫提出首次加息。","content":"<p>British media reported on Saturday (March 20) that the Federal Reserve is locked in a \"showdown\" with the market.</p><p>This week, Federal Reserve Chair Powell acknowledged the rapidly evolving economic outlook and the possibility of further inflation climbing, while underscoring his commitment to keeping interest rates to a minimum for the foreseeable future.</p><p>But this easing approach to inflation is eroding the price of long-term U.S. government bonds, causing ripples in global markets. Despite Powell's laissez-faire approach to yields on US Treasury Bond, investors are still questioning how long the Fed can allow this rate to run compared to his peers in the euro zone, the Financial Times said.</p><p>\"It's not the level of yield that matters, it's the way it interacts with risky assets,\" said Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments. \"If yields rise at a rate that causes stocks to fall and credit spreads to widen, then Powell will be more worried.\"</p><p>Over the past week, the benchmark 10-year U.S. Treasury Bond yield jumped to 1.75%, compared to about 1.6% a few days ago. The Bloomberg Barclays index shows that U.S. Treasury Bond prices in the 10-year or longer period have fallen nearly 15% since the beginning of the year. If those losses persist, the first quarter of this year will be the worst sell-off on the U.S. Treasury Bond since at least the early 1970s.</p><p>The sell-off of U.S. Treasury Bond reflects a sharp boost in inflation and growth expectations, and economists suspect that the Federal Reserve will eventually be forced to introduce an initial rate hike.</p><p>Concerned that borrowing costs for companies and individuals could harmfully increase, the ECB has taken steps to counter rising yields in its Treasury Bond. In contrast, the Fed chairman showed no unease, in contrast to March 2020, when policymakers aligned with banks and other market participants about chaotic market movements.</p><p>The swift start of the sell-off to spread to equity and credit markets has angered investors. Treasury Bond yields even topped some of the year's highest expectations after February's poor U.S. Treasury Bond auction, triggering volatile trading.</p><p>Powell on Wednesday again dismissed doubts that he should have concerns about recent volatility in the $2.1 billion U.S. government bond market, reiterating that financials remain \"highly accommodative\" on various indicators, while the central bank will only worry about \"disorderly\" moves that could undermine money markets to support the economic recovery. To illustrate this, he said he had no intention of adjusting the Fed's $120 billion monthly bond-buying program.</p><p>\"The market may force them to change their behavior, but for now Fed policymakers are making it clear that they do not want to be directly involved in behavior that has an impact on the yield curve,\" said Rish Bhandari, senior portfolio manager at hedge funds.</p><p>Mike Collins, senior portfolio manager in PGIM's fixed income division, warned that another big rise in US Treasury Bond yields could test their stance.</p><p>\"It is true that financial conditions are still very easy, but if interest rates rise another half to one percentage point, that does slow down,\" he said. The rally in equity and credit markets may also be severe enough to prompt the Fed to intervene verbally and even shift to measures to buy more long-term debt.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Treasury Bond yield surge intensifies, will the Fed \"submit\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Treasury Bond yield surge intensifies, will the Fed \"submit\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-03-21 12:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>British media reported on Saturday (March 20) that the Federal Reserve is locked in a \"showdown\" with the market.</p><p>This week, Federal Reserve Chair Powell acknowledged the rapidly evolving economic outlook and the possibility of further inflation climbing, while underscoring his commitment to keeping interest rates to a minimum for the foreseeable future.</p><p>But this easing approach to inflation is eroding the price of long-term U.S. government bonds, causing ripples in global markets. Despite Powell's laissez-faire approach to yields on US Treasury Bond, investors are still questioning how long the Fed can allow this rate to run compared to his peers in the euro zone, the Financial Times said.</p><p>\"It's not the level of yield that matters, it's the way it interacts with risky assets,\" said Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments. \"If yields rise at a rate that causes stocks to fall and credit spreads to widen, then Powell will be more worried.\"</p><p>Over the past week, the benchmark 10-year U.S. Treasury Bond yield jumped to 1.75%, compared to about 1.6% a few days ago. The Bloomberg Barclays index shows that U.S. Treasury Bond prices in the 10-year or longer period have fallen nearly 15% since the beginning of the year. If those losses persist, the first quarter of this year will be the worst sell-off on the U.S. Treasury Bond since at least the early 1970s.</p><p>The sell-off of U.S. Treasury Bond reflects a sharp boost in inflation and growth expectations, and economists suspect that the Federal Reserve will eventually be forced to introduce an initial rate hike.</p><p>Concerned that borrowing costs for companies and individuals could harmfully increase, the ECB has taken steps to counter rising yields in its Treasury Bond. In contrast, the Fed chairman showed no unease, in contrast to March 2020, when policymakers aligned with banks and other market participants about chaotic market movements.</p><p>The swift start of the sell-off to spread to equity and credit markets has angered investors. Treasury Bond yields even topped some of the year's highest expectations after February's poor U.S. Treasury Bond auction, triggering volatile trading.</p><p>Powell on Wednesday again dismissed doubts that he should have concerns about recent volatility in the $2.1 billion U.S. government bond market, reiterating that financials remain \"highly accommodative\" on various indicators, while the central bank will only worry about \"disorderly\" moves that could undermine money markets to support the economic recovery. To illustrate this, he said he had no intention of adjusting the Fed's $120 billion monthly bond-buying program.</p><p>\"The market may force them to change their behavior, but for now Fed policymakers are making it clear that they do not want to be directly involved in behavior that has an impact on the yield curve,\" said Rish Bhandari, senior portfolio manager at hedge funds.</p><p>Mike Collins, senior portfolio manager in PGIM's fixed income division, warned that another big rise in US Treasury Bond yields could test their stance.</p><p>\"It is true that financial conditions are still very easy, but if interest rates rise another half to one percentage point, that does slow down,\" he said. The rally in equity and credit markets may also be severe enough to prompt the Fed to intervene verbally and even shift to measures to buy more long-term debt.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://news.fx168.com/bank/fed/2103/4838373.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a56aa88d539d7b65b8089a421c05150c","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","GOVT":"iShares安硕核心美国国债ETF","UPRO":"三倍做多标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","TLT":"20+年以上美国国债ETF-iShares","TQQQ":"纳指三倍做多ETF","OEX":"标普100","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SH":"做空标普500-Proshares","BND":"债券指数ETF-Vanguard美国","IEF":"债券指数ETF-iShares Barclays 7-10年","IVV":"标普500ETF-iShares","SDOW":"三倍做空道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index","QQQ":"纳指100ETF","DJX":"1/100道琼斯","SDS":"两倍做空标普500 ETF-ProShares","IEI":"iShares Barclays 3-7 Year Trea","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","UDOW":"三倍做多道指30ETF-ProShares",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SHY":"债券指数ETF-iShares Barclays 1-3年国债","SPXU":"三倍做空标普500ETF-ProShares"},"source_url":"https://news.fx168.com/bank/fed/2103/4838373.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120549145","content_text":"英国媒体周六（3月20日）报道称，美联储正陷入与市场的“摊牌”中。\n本周，美联储主席鲍威尔承认迅速发展的经济前景以及通货膨胀率进一步攀升的可能，同时强调了他在可预见的未来将利率保持在最低水平的承诺。\n但是，这种对通货膨胀的宽松态度正在侵蚀美国长期政府债券的价格，在全球市场上引发了涟漪。英国《金融时报》称，尽管鲍威尔对美国国债的收益率采取了放任不管的方法，但与他在欧元区的同行相比，投资者仍在质疑美联储可以允许这种利率运行多长时间。\nColumbia Threadneedle Investments全球固定收益负责人Gene Tannuzzo表示：“重要的不是收益率水平，而是其与风险资产之间的相互作用方式。” “如果收益率以导致股市下跌和信贷息差扩大的速度上升，那么鲍威尔将更加担忧。”\n在过去的一周中，基准十年期美国国债收益率跳升至1.75％，几天前约为1.6％。彭博巴克莱（Bloomberg Barclays）指数显示，自今年年初以来，10年或更长期的美国国债价格下跌了近15％。如果这些损失持续下去，那么今年第一季度将是至少自1970年代初以来美国国债遭遇最严重的一次抛售。\n美国国债被抛售反映出通胀和增长预期大幅提升，经济学家怀疑美联储最终将被迫提出首次加息。\n欧洲央行担心公司和个人的借贷成本可能会有害地增加，因此采取措施以抵制其国债收益率的上涨。相比之下，美联储主席表现得并未有任何不安，这与2020年3月的情形形成鲜明对比，当时决策者就混乱的市场走势与银行和其他市场参与者保持一致。\n抛售的迅速开始蔓延到股票和信贷市场，这激怒了投资者。2月份美国国债拍卖表现不佳之后，国债收益率甚至突破了今年最高的一些预期，引发了波动性交易。\n鲍威尔周三再次驳回了应该对21亿美元美国政府债券市场的近期波动担忧的疑虑，重申各种指标的财务状况仍然“高度宽松”，而央行只会担心可能破坏货币市场支持经济复苏的“无序”举动。为说明这一点，他表示无意调整美联储每月1200亿美元的债券购买计划。\n对冲基金高级投资组合经理Rish Bhandari表示：“市场可能会迫使他们改变其行为，但目前美联储决策者明确表示，他们不希望直接参与对收益率曲线产生影响的行为。”\nPGIM固定收益部高级投资组合经理Mike Collins警告说，美国国债收益率的再次大幅上升可能会考验他们的立场。\n他说：“金融状况确实仍然很宽松，但是如果利率再上升0.5至1个百分点，那的确会放慢脚步。”股票和信贷市场的反弹可能也足够严重，以至于促使美联储进行口头干预，甚至转向购买更多长期债务的措施。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DOG":0.9,"GOVT":0.9,".IXIC":0.9,"PSQ":0.9,"DXD":0.9,"DDM":0.9,"IVV":0.9,"SHY":0.9,"TLT":0.9,"SSO":0.9,"SDOW":0.9,"MNQmain":0.9,"SQQQ":0.9,"IEI":0.9,"QLD":0.9,"UBmain":0.9,"ZBmain":0.9,"OEF":0.9,"OEX":0.9,"QQQ":0.9,"SPXU":0.9,"ZTmain":0.9,"QID":0.9,"NQmain":0.9,"UDOW":0.9,"BND":0.9,"SDS":0.9,"IEF":0.9,"ESmain":0.9,"TNmain":0.9,"SH":0.9,"SPY":0.9,".SPX":0.9,"TQQQ":0.9,"ZFmain":0.9,"DJX":0.9,".DJI":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}