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2021-07-02

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Reminder: US stocks will be closed on July 5th due to the US Independence Day holiday.

2021-07-12

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"Buying during earnings season" may fail! The US stock market outlook encounters four major concerns and pitfalls.

2021-07-12

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Tiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.

2021-06-29

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Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.

2021-06-29

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Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.

2021-07-12

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Has the biggest test for the US stock market finally arrived? Can the performance support the valuation?

2021-06-28

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What will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!

2021-06-16

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Opening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.

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16:15","market":"hk","language":"zh","title":"Tiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Biopharma-B</a>The market closed at HK$25 in the grey market, up 12.36% from the issue price. The company priced each share at HK$22.25, with 500 shares per lot.<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The company closed at HK$1.77 in the grey market, up 11.32% from the issue price. The company priced each share at HK$1.59, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong Stock Exchange on Tuesday, July 13.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>During the previous public subscription phase, Tengsheng Biopharmaceutical-B received 246,540 subscriptions, with 45,541 winners. The winning rate per lot was 5%, and one lot was guaranteed to be successful after subscribing to 40 lots, resulting in an oversubscription of 292 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>During the previous public subscription phase, a total of 25,345 people subscribed for South China Vocational Education, with 7,653 winning the lot. The winning rate for one lot was 20%, and one out of every 10 lots was guaranteed to be successful, resulting in an oversubscription of 6.01 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Biopharma-B</a>The market closed at HK$25 in the grey market, up 12.36% from the issue price. The company priced each share at HK$22.25, with 500 shares per lot.<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The company closed at HK$1.77 in the grey market, up 11.32% from the issue price. The company priced each share at HK$1.59, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong Stock Exchange on Tuesday, July 13.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>During the previous public subscription phase, Tengsheng Biopharmaceutical-B received 246,540 subscriptions, with 45,541 winners. The winning rate per lot was 5%, and one lot was guaranteed to be successful after subscribing to 40 lots, resulting in an oversubscription of 292 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>During the previous public subscription phase, a total of 25,345 people subscribed for South China Vocational Education, with 7,653 winning the lot. The winning rate for one lot was 20%, and one out of every 10 lots was guaranteed to be successful, resulting in an oversubscription of 6.01 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"02137":"腾盛博药-B","06913":"华南职业教育"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":3681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>The U.S. stock market's earnings season kicks off this week, and will be...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although all three major U.S. stock indexes hit new highs before the end of last week, and listed company profits are expected to grow by 60%, investors are currently focusing more on four hidden pitfalls: peaking corporate profit growth, a potential slowdown in economic growth, the spread of variant strains, and the Federal Reserve's inclination to taper its easing program. The ironclad rule of buying during earnings season since last year is likely to fail, and investment institutions have begun to increase their cash allocation.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The quarterly earnings report will be released on the 13th, marking the start of the US stock earnings season. According to Fact Set data, analysts predict that S&P 500 companies will see their profits surge 64% in the second quarter of this year compared to the same period last year, the highest level in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will focus on executives' views on profit prospects and profits, as well as how to address the current labor shortage.</p><p>Let's first look at what Bloomberg Intelligence points out: during the COVID-19 pandemic, US stock investors who bought in at the last minute during earnings season were winners. Earlier, in the six weeks following the start of earnings season, the S&P 500 index rose by an average of 4.6%. However, analysts noted that the economic expansion cycle has reached its peak, which could lead to a surge in corporate profit growth. Investors are therefore worried that the 15-month-long policy bull market may be discouraged. Historical experience shows that when corporate profit growth peaks, the stock market will also underperform.</p><p>The Federal Reserve's semi-annual report to Congress on the U.S. economy showed that shortages of some raw materials and labor are hindering this year's strong economic rebound and contributing to temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but shortages of raw materials and labor continue to inhibit the restart of many business activities.</p><p>The report also revealed signals from Federal Reserve officials regarding their upcoming economic development decisions. Since the COVID-19 pandemic swept the United States in March 2020, the Federal Reserve has consistently kept interest rates near zero. The Federal Reserve has indicated that interest rates are expected to remain unchanged at the 2% target until the labor market returns to so-called \"full employment.\"</p><p>According to a report released by the Federal Reserve, the U.S. economic recovery process may face obstacles in the coming months, and short-term inflation will remain a focus of investor attention. Economic growth may slow, and the most obvious sign of a weakening economy is the continued decline in the yield on the 10-year U.S. Treasury Bond in recent weeks, which has caused bank stocks to lose their original appeal, while growth stocks such as technology stocks are expected to become popular again.</p><p>Following the second-quarter earnings report, analysts expect corporate profit growth to slow in the next three quarters, with earnings growth expected to fail to reach 5% by early next year, given the weakening of U.S. government policy support and the end of last year's low base effect.</p><p><a href=\"https://laohu8.com/S/C\">Citi</a>Chief U.S. equity strategist Tobias Levkovich said that the average price-to-earnings ratio of U.S. stocks has reached its highest point since the dot-com bubble, indicating a very weak resilience to negative news. In addition, the Biden administration's plans to raise corporate tax rates, coupled with rising wage and raw material costs, will have a significant impact on corporate net profits.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the G20 to propose a 15% global minimum corporate tax rate at international tax negotiations, in order to end competition to attract companies through the lowest tax rates, as such competition would ultimately erode government revenues. This proposal brings the U.S. position closer to the 12.5% minimum tax rate discussed by the OECD before the U.S. rejoined negotiations.</p><p>Tobias Levkovich added that the US stock market is currently overly complacent, and many investors believe that the market will smoothly shift from a policy-driven to an earnings-driven market, but this is still uncertain. Declining corporate profits, rising inflation concerns, the Federal Reserve's withdrawal, government tax increases, and many other negative factors will continue to emerge.</p><p>Investors will also be closely watching the U.S. Consumer Price Index (CPI) for June, expected to be released on July 14, which is expected to rise by 5% year-on-year. Federal Reserve Chairman Jerome Powell will also attend a hearing on the same day to release his first-half monetary policy report, and his speech on inflation and the economic outlook will be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, noted that the S&P 500 is rising much faster than corporate earnings growth, rising nearly 16% since the beginning of this year, while corporate profits are projected to grow by 14% and 10% this year and next, respectively. He believes that earnings need to grow by 14% in 2022, reducing the estimated price-to-earnings ratio to 18 times, for US stocks to be considered reasonable.</p><p>Regarding the COVID-19 pandemic, the United States has encountered a new wave of variant strains, especially the Delta variant, which was initially discovered in India. The U.S. Centers for Disease Control and Prevention (CDC) stated that the Delta variant has been listed as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>Pfizer and its German partner BioNTech announced plans to apply to the U.S. Food and Drug Administration (FDA) in August for authorization to administer a third dose of the vaccine, stating that administering the third dose within 12 months can significantly boost immunity and also help combat the highly contagious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.</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\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The U.S. stock market's earnings season kicks off this week, and will be...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although all three major U.S. stock indexes hit new highs before the end of last week, and listed company profits are expected to grow by 60%, investors are currently focusing more on four hidden pitfalls: peaking corporate profit growth, a potential slowdown in economic growth, the spread of variant strains, and the Federal Reserve's inclination to taper its easing program. The ironclad rule of buying during earnings season since last year is likely to fail, and investment institutions have begun to increase their cash allocation.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The quarterly earnings report will be released on the 13th, marking the start of the US stock earnings season. According to Fact Set data, analysts predict that S&P 500 companies will see their profits surge 64% in the second quarter of this year compared to the same period last year, the highest level in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will focus on executives' views on profit prospects and profits, as well as how to address the current labor shortage.</p><p>Let's first look at what Bloomberg Intelligence points out: during the COVID-19 pandemic, US stock investors who bought in at the last minute during earnings season were winners. Earlier, in the six weeks following the start of earnings season, the S&P 500 index rose by an average of 4.6%. However, analysts noted that the economic expansion cycle has reached its peak, which could lead to a surge in corporate profit growth. Investors are therefore worried that the 15-month-long policy bull market may be discouraged. Historical experience shows that when corporate profit growth peaks, the stock market will also underperform.</p><p>The Federal Reserve's semi-annual report to Congress on the U.S. economy showed that shortages of some raw materials and labor are hindering this year's strong economic rebound and contributing to temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but shortages of raw materials and labor continue to inhibit the restart of many business activities.</p><p>The report also revealed signals from Federal Reserve officials regarding their upcoming economic development decisions. Since the COVID-19 pandemic swept the United States in March 2020, the Federal Reserve has consistently kept interest rates near zero. The Federal Reserve has indicated that interest rates are expected to remain unchanged at the 2% target until the labor market returns to so-called \"full employment.\"</p><p>According to a report released by the Federal Reserve, the U.S. economic recovery process may face obstacles in the coming months, and short-term inflation will remain a focus of investor attention. Economic growth may slow, and the most obvious sign of a weakening economy is the continued decline in the yield on the 10-year U.S. Treasury Bond in recent weeks, which has caused bank stocks to lose their original appeal, while growth stocks such as technology stocks are expected to become popular again.</p><p>Following the second-quarter earnings report, analysts expect corporate profit growth to slow in the next three quarters, with earnings growth expected to fail to reach 5% by early next year, given the weakening of U.S. government policy support and the end of last year's low base effect.</p><p><a href=\"https://laohu8.com/S/C\">Citi</a>Chief U.S. equity strategist Tobias Levkovich said that the average price-to-earnings ratio of U.S. stocks has reached its highest point since the dot-com bubble, indicating a very weak resilience to negative news. In addition, the Biden administration's plans to raise corporate tax rates, coupled with rising wage and raw material costs, will have a significant impact on corporate net profits.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the G20 to propose a 15% global minimum corporate tax rate at international tax negotiations, in order to end competition to attract companies through the lowest tax rates, as such competition would ultimately erode government revenues. This proposal brings the U.S. position closer to the 12.5% minimum tax rate discussed by the OECD before the U.S. rejoined negotiations.</p><p>Tobias Levkovich added that the US stock market is currently overly complacent, and many investors believe that the market will smoothly shift from a policy-driven to an earnings-driven market, but this is still uncertain. Declining corporate profits, rising inflation concerns, the Federal Reserve's withdrawal, government tax increases, and many other negative factors will continue to emerge.</p><p>Investors will also be closely watching the U.S. Consumer Price Index (CPI) for June, expected to be released on July 14, which is expected to rise by 5% year-on-year. Federal Reserve Chairman Jerome Powell will also attend a hearing on the same day to release his first-half monetary policy report, and his speech on inflation and the economic outlook will be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, noted that the S&P 500 is rising much faster than corporate earnings growth, rising nearly 16% since the beginning of this year, while corporate profits are projected to grow by 14% and 10% this year and next, respectively. He believes that earnings need to grow by 14% in 2022, reducing the estimated price-to-earnings ratio to 18 times, for US stocks to be considered reasonable.</p><p>Regarding the COVID-19 pandemic, the United States has encountered a new wave of variant strains, especially the Delta variant, which was initially discovered in India. The U.S. Centers for Disease Control and Prevention (CDC) stated that the Delta variant has been listed as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>Pfizer and its German partner BioNTech announced plans to apply to the U.S. Food and Drug Administration (FDA) in August for authorization to administer a third dose of the vaccine, stating that administering the third dose within 12 months can significantly boost immunity and also help combat the highly contagious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","OEX":"标普100","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DJX":0.9,"IVV":0.9,"SPXU":0.9,"DOG":0.9,"TQQQ":0.9,"UDOW":0.9,"SSO":0.9,"NQmain":0.9,"SDS":0.9,".IXIC":0.9,"SPY":0.9,"QID":0.9,"DDM":0.9,"SQQQ":0.9,".DJI":0.9,"UPRO":0.9,"QQQ":0.9,"OEF":0.9,"QLD":0.9,"SDOW":0.9,"SH":0.9,"OEX":0.9,"PSQ":0.9,".SPX":0.9,"DXD":0.9,"ESmain":0.9,"MNQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"isVote":1,"tweetType":1,"viewCount":3633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"fut","language":"zh","title":"Reminder: US stocks will be closed on July 5th due to the US Independence Day holiday.","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed on Monday, July 5, and will resume trading on Tuesday, July 6.</b></p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>It is a statutory national holiday in the United States, celebrated annually on July 4th to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as solemn as religious and folk holidays. Before the holiday, people clean their yards, decorate their homes, and hang the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US stocks will be closed on July 5th due to the US Independence Day holiday.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: US stocks will be closed on July 5th due to the US Independence Day holiday.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed on Monday, July 5, and will resume trading on Tuesday, July 6.</b></p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>It is a statutory national holiday in the United States, celebrated annually on July 4th to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as solemn as religious and folk holidays. Before the holiday, people clean their yards, decorate their homes, and hang the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":3454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":3400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>With three trading days left, the first half of 2021 for A-shares will draw to a close. As of the market close on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. This percentage is higher than in the past.</p><p>Most institutions are optimistic about the market outlook for the second half of the year and recommend that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies expect positive results.</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that since June, 39 A-share listed companies have disclosed their 2021 semi-annual performance forecasts. Including companies that previously made predictions about their interim reports in their first-quarter reports and other announcements, as of the close of trading on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. It is worth noting that companies in the steel, mining, and transportation industries account for the largest proportion of their constituent stocks with positive forecasts.</p><p>Currently, not many companies have disclosed their 2021 semi-annual results, with 529 companies accounting for only about 13% of A-share listed companies. However, judging solely from the companies that have disclosed their earnings, 60% of listed companies have positive interim report forecasts, which is relatively good compared to previous interim report seasons in the A-share market.</p><p>In 2019 and 2020, the proportion of listed companies expecting positive results was around 40% to 50%.</p><p>A query of historical data reveals that:</p><p>According to data as of July 15, 2019, 52.66% of companies have issued positive interim report forecasts.</p><p>In 2020, due to the impact of the pandemic, the proportion of companies with positive interim report forecasts was relatively low. As of July 15, 2020, 52.66% of the companies with positive interim report forecasts had already been announced.</p><p>Liu Youhua, head of research at Private Equity Ranking Network, believes that grasping the interim earnings market requires certain investment skills. For example, it is essential to intervene in advance, rather than waiting until the interim earnings forecast is released, otherwise there will be a certain risk of chasing highs.</p><p>Companies in the steel, mining, and transportation industries with positive forecasts account for the largest proportion of their constituent stocks.</p><p>Yang Delong, chief economist at Qianhai Open Source Fund, believes that the steel industry is expected to perform well in the first half of the year, mainly benefiting from the economic recovery. Last year, the base was relatively low due to the impact of the epidemic, and as the economy recovered, the demand for steel gradually increased, so the steel industry performed well.</p><p>\"Against the backdrop of a gradual economic recovery, the performance of the coal sector, a sub-sector of the mining industry, is expected to see a significant marginal improvement,\" said Chen Li, chief economist and director of the research institute at Sichuan Securities. \"The core reason for the coal industry's performance growth this year is still the continuous rise in coal prices. Since the beginning of this year, global commodities have entered a new round of inflation, and coal is one of the most typical representative products. Coupled with factors such as environmental protection and import and export, coal prices have risen significantly, especially the price of metallurgical coke.\" The second half of the year will see the peak heating season, and changes in environmental policies will have a direct impact at any time. Overall, the coal sector's performance in 2021 is highly certain.</p><p>Regarding the transportation industry, Liu Youhua, head of research at Private Equity Ranking Network, believes that \"the transportation industry is a niche sector in the market, with low capital hotspots and significant divergence among individual stocks. From a fundamental perspective, improvements in domestic transportation infrastructure and the establishment of logistics systems have increased efficiency. In overseas shipping, profits have increased due to rising prices.\" Furthermore, as the global pandemic gradually came under control, the economy began to recover, residents' activities began to normalize, and demand for transportation increased significantly.</p><p><b>2、</b><b><b>Policy aspect: This may be beneficial to the strengthening of A-shares.</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal spending will accelerate. Therefore, the stock market should seem more optimistic.</p><p>Interest rate policy may be \"raised first and then lowered\".</p><p>Chen Xing, chief economist at Zhongtai Macro, believes that interest rates may rise first and then fall in the second half of the year, with a greater risk of rising interest rates in the short term, while the downward trend will be smoother after the adjustment. For asset allocation, the bond market may have a more prominent advantage, the equity market presents structural opportunities, while the commodity market, dragged down by declining prices, performed worse than in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to a decline in interest rates. First, the pressure on economic growth will gradually become apparent. Since the pandemic, the two most prominent aspects of the global economic cycle have been US consumption and China's exports. US personal consumption expenditure has contributed far more to post-pandemic economic growth than private investment, net exports, and government spending, which corresponds to the high prosperity of my country's exports. Of the 12 percentage points of my country's export growth in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, in terms of inflation, the situation in China in the second half of the year is much easier than in the first half. The global pandemic has peaked and subsided, and domestic measures to \"ensure supply and stabilize prices\" have led to a return to demand-driven commodity pricing. The weak economic recovery means that most industrial product prices do not have the basis for sustained increases. In addition, the pressure on PPI growth caused by the base effect tends to ease in the second half of the year. The efficiency of transmitting PPI growth to CPI growth in this round is also not high, and inflationary pressures will ease in the second half of the year.</p><p>Fiscal policy may be relatively stronger in the second half of the year.</p><p>Xu Chi, an analyst at Zhongtai Strategy, believes that fiscal policy may be relatively strong in the second half of the year: with government bond issuance significantly lower than expected in the first half of the year, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year. With liquidity unlikely to be further eased, it is expected that interest rates will be difficult to decline further at least in the third quarter.</p><p>Compared with developed countries such as the United States, the tax contributions of the top 1% of my country's richest people are significantly lower: in the United States, personal income tax accounts for 55% of total government tax revenue, while the top 1% of households contribute 17% of tax revenue, but pay 25% of federal income tax. In my country, individual income tax accounts for only 7.2% of tax revenue, and the lack of an \"asset tax\" related to the wealthy is the most important reason for this difference. With increasing pressure on fiscal revenue and expenditure, the wealthy should shoulder more social responsibility. It is expected that reforms such as the pilot program of real estate tax and the postponement of consumption tax collection may accelerate in the second half of the year, which may cause some fluctuations in luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the big tech sector</b></b></p><p>Currently, the consensus among most securities firms and funds is to increase their allocation to technology.</p><p>Let's first look at the views of securities firms:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report points out that the three periods of domestic economic stability, policy support, and liquidity friendliness overlap. The overseas economic recovery period in Europe and the United States, the period of liquidity easing, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, but \"easy to loosen but difficult to tighten,\" and the global liquidity clock is still allocating risky assets. The market went long without hesitation. The market is gradually moving from the \"centennial\" rally to a \"summer rally\" characterized by booming activity, scorching sun, and bright sunshine. During this phase, technology growth directions will become the main source of attractive scenery and excess returns during the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai Strategy, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, HarmonyOS, consumer electronics), military industry, etc., which have stable performance, accelerated profit increases, and the industry maintains high prosperity; The consumer sector is paying more attention to new consumption. At the same time, we should be wary of the risk of a decline in the interim results of some machinery industries, light industry, and some food and beverage companies.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>We recommend continuing to focus on three main themes: Theme 1: High Prosperity. Pay attention to semiconductors, the new energy vehicle industry chain, and coal, especially with the interim report season about to begin. Pay close attention to the performance of high-prosperity sectors. Theme 2: Post-pandemic recovery theme, focusing on the shipping and aviation sectors, which are experiencing upward trends. Theme 3: Undervalued themes, with a focus on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>We recommend focusing on small-cap growth stocks with good immediate performance (mid-to-high-end liquor/computer/semiconductor), low PEG + price increase transmission + upward earnings forecast (fertilizer/glass). Thematic investments focus on improved economic conditions and marginal policy growth under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>A research report by Guosheng Securities points out three clues to \"tap into\" the Science and Technology Innovation Board: 1. Explore new directions for A-shares and benchmark against scarce \"unicorns\" in niche sectors. 2. Revenue growth has consistently led the \"high growth\" of science and technology innovation; 3. Companies that have experienced significant pullback/retracement since listing, have fallen below their issue price, and possess valuation value from the perspective of PEG and other factors; Sectors such as oil, petrochemicals, chemicals, non-ferrous metals, and photovoltaics benefited from overseas demand. Sub-sectors with strong economic certainty and potential for high growth include new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical aesthetics, and mid-to-high-end liquor.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report points out that with the resurgence of the technological wave, there are seven major technological fields worth paying attention to. First, the semiconductor industry is booming first; Second, 5G is a network that connects everything; Third, with the explosive growth of IoT, the reach of data is expanding; Fourth, with the increased investment in AI, machines and humans are one step closer together; Fifth, the energy revolution, a major theme for humanity over the next 30 years; Sixth, autonomous driving, the next breakthrough scenario for human-computer interaction; Seventh is virtual reality, which brings reality into the virtual world.</p><p>Let's look at the perspectives of mutual funds:</p><p>For the second half of the year, Zhonggeng Fund has given three directions: First, the broad manufacturing sector: especially the manufacturing sector in the middle and upper reaches, which has sustained high growth potential and great elasticity in both fundamentals and valuation; Second, midstream and upstream pro-cyclical sectors and banking/real estate/insurance: fundamental and profit risks have been fully released, valuations are relatively cheap, and there is a possibility of a double boost in performance and valuation, resulting in high overall risk compensation. Thirdly, growth-oriented industries such as electronics, new materials, machinery, and high-end manufacturing.</p><p>Yinhua Fund suggests a balanced allocation in terms of industry allocation. First, it recommends gradually reducing the cyclical allocation ratio and allocating to undervalued industries such as banking, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain. Secondly, in the medium term, we are optimistic about growth sub-sectors that benefit from the industry landscape and still have good prosperity, such as new energy vehicles, panels and military industry.</p><p>Zhejiang Merchants Fund suggests that investors continue to focus on technology stocks, represented by the semiconductor industry chain, and the military industry chain on dips from a medium-term perspective, and continue to focus on the automotive electrification and intelligent automotive software and hardware industry chains and the new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality, and China's economic transformation will have a profound impact on China's industrial structure and organizational structure. In the future, the volatility of upstream raw material prices will gradually decrease, the center of their price fluctuations may gradually rise, and the industry's profitability will become more and more stable. Current valuations of cyclical industries remain at historically low levels, and investors are advised to focus on dips.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two key areas: first, new energy vehicles, which benefit from economic transformation and policy environment encouragement, and have huge long-term potential.<a href=\"https://laohu8.com/S/000591\">solar energy</a>Industries such as military industry and advantageous manufacturing will give rise to a number of leading companies with global competitiveness in the coming years. Secondly, there are industries closely related to residents' quality of life and income levels, such as healthcare, emerging consumer goods, and the Internet. In these industries, demand has been growing rapidly in the long term, models have been innovating rapidly, and outstanding companies with strong competitive advantages have been constantly emerging.</p><p>Chengze Asset Management believes that it adheres to the principles of fundamental-based construction and portfolio optimization, strives to achieve ideal net asset value growth while controlling pullback/retracement, and strictly enforces stop-loss discipline. The new energy vehicle industry chain, advanced manufacturing, medical services and bioinnovative drugs, electronics and semiconductors, and new consumer goods are currently the focus of layout and research.</p><p>Rongshu Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption, and new technologies. We are particularly optimistic about the new energy sector, which is one of the best sectors in the next 5-10 years of investment cycle, with strong industry certainty and large growth potential.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>With three trading days left, the first half of 2021 for A-shares will draw to a close. As of the market close on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. This percentage is higher than in the past.</p><p>Most institutions are optimistic about the market outlook for the second half of the year and recommend that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies expect positive results.</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that since June, 39 A-share listed companies have disclosed their 2021 semi-annual performance forecasts. Including companies that previously made predictions about their interim reports in their first-quarter reports and other announcements, as of the close of trading on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. It is worth noting that companies in the steel, mining, and transportation industries account for the largest proportion of their constituent stocks with positive forecasts.</p><p>Currently, not many companies have disclosed their 2021 semi-annual results, with 529 companies accounting for only about 13% of A-share listed companies. However, judging solely from the companies that have disclosed their earnings, 60% of listed companies have positive interim report forecasts, which is relatively good compared to previous interim report seasons in the A-share market.</p><p>In 2019 and 2020, the proportion of listed companies expecting positive results was around 40% to 50%.</p><p>A query of historical data reveals that:</p><p>According to data as of July 15, 2019, 52.66% of companies have issued positive interim report forecasts.</p><p>In 2020, due to the impact of the pandemic, the proportion of companies with positive interim report forecasts was relatively low. As of July 15, 2020, 52.66% of the companies with positive interim report forecasts had already been announced.</p><p>Liu Youhua, head of research at Private Equity Ranking Network, believes that grasping the interim earnings market requires certain investment skills. For example, it is essential to intervene in advance, rather than waiting until the interim earnings forecast is released, otherwise there will be a certain risk of chasing highs.</p><p>Companies in the steel, mining, and transportation industries with positive forecasts account for the largest proportion of their constituent stocks.</p><p>Yang Delong, chief economist at Qianhai Open Source Fund, believes that the steel industry is expected to perform well in the first half of the year, mainly benefiting from the economic recovery. Last year, the base was relatively low due to the impact of the epidemic, and as the economy recovered, the demand for steel gradually increased, so the steel industry performed well.</p><p>\"Against the backdrop of a gradual economic recovery, the performance of the coal sector, a sub-sector of the mining industry, is expected to see a significant marginal improvement,\" said Chen Li, chief economist and director of the research institute at Sichuan Securities. \"The core reason for the coal industry's performance growth this year is still the continuous rise in coal prices. Since the beginning of this year, global commodities have entered a new round of inflation, and coal is one of the most typical representative products. Coupled with factors such as environmental protection and import and export, coal prices have risen significantly, especially the price of metallurgical coke.\" The second half of the year will see the peak heating season, and changes in environmental policies will have a direct impact at any time. Overall, the coal sector's performance in 2021 is highly certain.</p><p>Regarding the transportation industry, Liu Youhua, head of research at Private Equity Ranking Network, believes that \"the transportation industry is a niche sector in the market, with low capital hotspots and significant divergence among individual stocks. From a fundamental perspective, improvements in domestic transportation infrastructure and the establishment of logistics systems have increased efficiency. In overseas shipping, profits have increased due to rising prices.\" Furthermore, as the global pandemic gradually came under control, the economy began to recover, residents' activities began to normalize, and demand for transportation increased significantly.</p><p><b>2、</b><b><b>Policy aspect: This may be beneficial to the strengthening of A-shares.</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal spending will accelerate. Therefore, the stock market should seem more optimistic.</p><p>Interest rate policy may be \"raised first and then lowered\".</p><p>Chen Xing, chief economist at Zhongtai Macro, believes that interest rates may rise first and then fall in the second half of the year, with a greater risk of rising interest rates in the short term, while the downward trend will be smoother after the adjustment. For asset allocation, the bond market may have a more prominent advantage, the equity market presents structural opportunities, while the commodity market, dragged down by declining prices, performed worse than in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to a decline in interest rates. First, the pressure on economic growth will gradually become apparent. Since the pandemic, the two most prominent aspects of the global economic cycle have been US consumption and China's exports. US personal consumption expenditure has contributed far more to post-pandemic economic growth than private investment, net exports, and government spending, which corresponds to the high prosperity of my country's exports. Of the 12 percentage points of my country's export growth in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, in terms of inflation, the situation in China in the second half of the year is much easier than in the first half. The global pandemic has peaked and subsided, and domestic measures to \"ensure supply and stabilize prices\" have led to a return to demand-driven commodity pricing. The weak economic recovery means that most industrial product prices do not have the basis for sustained increases. In addition, the pressure on PPI growth caused by the base effect tends to ease in the second half of the year. The efficiency of transmitting PPI growth to CPI growth in this round is also not high, and inflationary pressures will ease in the second half of the year.</p><p>Fiscal policy may be relatively stronger in the second half of the year.</p><p>Xu Chi, an analyst at Zhongtai Strategy, believes that fiscal policy may be relatively strong in the second half of the year: with government bond issuance significantly lower than expected in the first half of the year, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year. With liquidity unlikely to be further eased, it is expected that interest rates will be difficult to decline further at least in the third quarter.</p><p>Compared with developed countries such as the United States, the tax contributions of the top 1% of my country's richest people are significantly lower: in the United States, personal income tax accounts for 55% of total government tax revenue, while the top 1% of households contribute 17% of tax revenue, but pay 25% of federal income tax. In my country, individual income tax accounts for only 7.2% of tax revenue, and the lack of an \"asset tax\" related to the wealthy is the most important reason for this difference. With increasing pressure on fiscal revenue and expenditure, the wealthy should shoulder more social responsibility. It is expected that reforms such as the pilot program of real estate tax and the postponement of consumption tax collection may accelerate in the second half of the year, which may cause some fluctuations in luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the big tech sector</b></b></p><p>Currently, the consensus among most securities firms and funds is to increase their allocation to technology.</p><p>Let's first look at the views of securities firms:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report points out that the three periods of domestic economic stability, policy support, and liquidity friendliness overlap. The overseas economic recovery period in Europe and the United States, the period of liquidity easing, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, but \"easy to loosen but difficult to tighten,\" and the global liquidity clock is still allocating risky assets. The market went long without hesitation. The market is gradually moving from the \"centennial\" rally to a \"summer rally\" characterized by booming activity, scorching sun, and bright sunshine. During this phase, technology growth directions will become the main source of attractive scenery and excess returns during the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai Strategy, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, HarmonyOS, consumer electronics), military industry, etc., which have stable performance, accelerated profit increases, and the industry maintains high prosperity; The consumer sector is paying more attention to new consumption. At the same time, we should be wary of the risk of a decline in the interim results of some machinery industries, light industry, and some food and beverage companies.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>We recommend continuing to focus on three main themes: Theme 1: High Prosperity. Pay attention to semiconductors, the new energy vehicle industry chain, and coal, especially with the interim report season about to begin. Pay close attention to the performance of high-prosperity sectors. Theme 2: Post-pandemic recovery theme, focusing on the shipping and aviation sectors, which are experiencing upward trends. Theme 3: Undervalued themes, with a focus on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>We recommend focusing on small-cap growth stocks with good immediate performance (mid-to-high-end liquor/computer/semiconductor), low PEG + price increase transmission + upward earnings forecast (fertilizer/glass). Thematic investments focus on improved economic conditions and marginal policy growth under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>A research report by Guosheng Securities points out three clues to \"tap into\" the Science and Technology Innovation Board: 1. Explore new directions for A-shares and benchmark against scarce \"unicorns\" in niche sectors. 2. Revenue growth has consistently led the \"high growth\" of science and technology innovation; 3. Companies that have experienced significant pullback/retracement since listing, have fallen below their issue price, and possess valuation value from the perspective of PEG and other factors; Sectors such as oil, petrochemicals, chemicals, non-ferrous metals, and photovoltaics benefited from overseas demand. Sub-sectors with strong economic certainty and potential for high growth include new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical aesthetics, and mid-to-high-end liquor.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report points out that with the resurgence of the technological wave, there are seven major technological fields worth paying attention to. First, the semiconductor industry is booming first; Second, 5G is a network that connects everything; Third, with the explosive growth of IoT, the reach of data is expanding; Fourth, with the increased investment in AI, machines and humans are one step closer together; Fifth, the energy revolution, a major theme for humanity over the next 30 years; Sixth, autonomous driving, the next breakthrough scenario for human-computer interaction; Seventh is virtual reality, which brings reality into the virtual world.</p><p>Let's look at the perspectives of mutual funds:</p><p>For the second half of the year, Zhonggeng Fund has given three directions: First, the broad manufacturing sector: especially the manufacturing sector in the middle and upper reaches, which has sustained high growth potential and great elasticity in both fundamentals and valuation; Second, midstream and upstream pro-cyclical sectors and banking/real estate/insurance: fundamental and profit risks have been fully released, valuations are relatively cheap, and there is a possibility of a double boost in performance and valuation, resulting in high overall risk compensation. Thirdly, growth-oriented industries such as electronics, new materials, machinery, and high-end manufacturing.</p><p>Yinhua Fund suggests a balanced allocation in terms of industry allocation. First, it recommends gradually reducing the cyclical allocation ratio and allocating to undervalued industries such as banking, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain. Secondly, in the medium term, we are optimistic about growth sub-sectors that benefit from the industry landscape and still have good prosperity, such as new energy vehicles, panels and military industry.</p><p>Zhejiang Merchants Fund suggests that investors continue to focus on technology stocks, represented by the semiconductor industry chain, and the military industry chain on dips from a medium-term perspective, and continue to focus on the automotive electrification and intelligent automotive software and hardware industry chains and the new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality, and China's economic transformation will have a profound impact on China's industrial structure and organizational structure. In the future, the volatility of upstream raw material prices will gradually decrease, the center of their price fluctuations may gradually rise, and the industry's profitability will become more and more stable. Current valuations of cyclical industries remain at historically low levels, and investors are advised to focus on dips.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two key areas: first, new energy vehicles, which benefit from economic transformation and policy environment encouragement, and have huge long-term potential.<a href=\"https://laohu8.com/S/000591\">solar energy</a>Industries such as military industry and advantageous manufacturing will give rise to a number of leading companies with global competitiveness in the coming years. Secondly, there are industries closely related to residents' quality of life and income levels, such as healthcare, emerging consumer goods, and the Internet. In these industries, demand has been growing rapidly in the long term, models have been innovating rapidly, and outstanding companies with strong competitive advantages have been constantly emerging.</p><p>Chengze Asset Management believes that it adheres to the principles of fundamental-based construction and portfolio optimization, strives to achieve ideal net asset value growth while controlling pullback/retracement, and strictly enforces stop-loss discipline. The new energy vehicle industry chain, advanced manufacturing, medical services and bioinnovative drugs, electronics and semiconductors, and new consumer goods are currently the focus of layout and research.</p><p>Rongshu Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption, and new technologies. We are particularly optimistic about the new energy sector, which is one of the best sectors in the next 5-10 years of investment cycle, with strong industry certainty and large growth potential.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"repost":{"id":"1155187410","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623806380,"share":"https://ttm.financial/m/news/1155187410?lang=en_US&edition=fundamental","pubTime":"2021-06-16 09:19","market":"hk","language":"zh","title":"Opening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155187410","media":"老虎资讯综合","summary":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(","content":"<p>June 16 - Hong Kong's three stock indices were open low, with the Hang Seng Index down 0.1% to 28,609 points, the Hang Seng Index down 0.34% to 10,632 points, and the Hang Seng Tech Index down 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the market, oil stocks were strong, with all three major oil companies opening higher; Mainland property stocks, which had fallen across the board yesterday, rebounded as negative news materialized (the establishment of the Off-Campus Education and Training Supervision Department). Most education stocks rose, with Oriental Education and Minsheng Education both showing gains. Major tech stocks generally fell, with NetEase down more than 1%, and Meituan, Tencent, Xiaomi, and Baidu all declining. Gas stocks continued their downward trend from yesterday, while non-ferrous metal stocks such as steel and copper fell significantly, while auto and bank stocks declined.</p><p>Orthodontic tap<a href=\"https://laohu8.com/S/06699\">Times Angel</a>Times Angel opened 131.21% higher at HK$400 on its first day of trading today, with a pre-market turnover of nearly HK$1.8 billion and a market capitalization of HK$66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, the company's revenue was RMB 488 million, RMB 645 million and RMB 816 million in 2018, 2020 and 2020, respectively, and its profit during the period was RMB 58.186 million, RMB 67.665 million and RMB 150 million, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It was oversubscribed by 2079 times. Analysts point out that the market's optimism about Times Angel is mainly due to its main competitors in this field.<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>Its stock price has skyrocketed over the past decade, making it a true bull stock in the US stock market. As of the market close on June 15, Alai Technology's total market capitalization was US$47.5 billion (approximately HK$368.7 billion).</p><p>International oil prices continued to rise, driving the three major oil companies in Hong Kong to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">China Petroleum Corporation</a>Up 0.56%<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemicals rose 0.24%.<a href=\"https://laohu8.com/S/00883\">China National Offshore Oil</a>Up 1.35%. Brent crude oil rose to a high of $74.39 during trading today, a new high since April 2019; US crude oil rose to a high of $72.55 during trading today, a new high since October 2018.</p><p>China Gas resumed trading in open low, which exceeded 4%. Its non-wholly-owned subsidiary is one of the gas suppliers in the Shiyan gas explosion area.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 09:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 16 - Hong Kong's three stock indices were open low, with the Hang Seng Index down 0.1% to 28,609 points, the Hang Seng Index down 0.34% to 10,632 points, and the Hang Seng Tech Index down 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the market, oil stocks were strong, with all three major oil companies opening higher; Mainland property stocks, which had fallen across the board yesterday, rebounded as negative news materialized (the establishment of the Off-Campus Education and Training Supervision Department). Most education stocks rose, with Oriental Education and Minsheng Education both showing gains. Major tech stocks generally fell, with NetEase down more than 1%, and Meituan, Tencent, Xiaomi, and Baidu all declining. Gas stocks continued their downward trend from yesterday, while non-ferrous metal stocks such as steel and copper fell significantly, while auto and bank stocks declined.</p><p>Orthodontic tap<a href=\"https://laohu8.com/S/06699\">Times Angel</a>Times Angel opened 131.21% higher at HK$400 on its first day of trading today, with a pre-market turnover of nearly HK$1.8 billion and a market capitalization of HK$66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, the company's revenue was RMB 488 million, RMB 645 million and RMB 816 million in 2018, 2020 and 2020, respectively, and its profit during the period was RMB 58.186 million, RMB 67.665 million and RMB 150 million, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It was oversubscribed by 2079 times. Analysts point out that the market's optimism about Times Angel is mainly due to its main competitors in this field.<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>Its stock price has skyrocketed over the past decade, making it a true bull stock in the US stock market. As of the market close on June 15, Alai Technology's total market capitalization was US$47.5 billion (approximately HK$368.7 billion).</p><p>International oil prices continued to rise, driving the three major oil companies in Hong Kong to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">China Petroleum Corporation</a>Up 0.56%<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemicals rose 0.24%.<a href=\"https://laohu8.com/S/00883\">China National Offshore Oil</a>Up 1.35%. Brent crude oil rose to a high of $74.39 during trading today, a new high since April 2019; US crude oil rose to a high of $72.55 during trading today, a new high since October 2018.</p><p>China Gas resumed trading in open low, which exceeded 4%. Its non-wholly-owned subsidiary is one of the gas suppliers in the Shiyan gas explosion area.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155187410","content_text":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(校外教育培训监管司成立)，教育股多数上涨，东方教育、民生教育等均有涨幅；大型科技股普跌，网易跌超1%，美团、腾讯、小米、百度皆下跌；燃气股延续昨日跌势，钢铁、铜等有色金属股跌幅明显，汽车股、银行股走低。\n口腔正畸龙头时代天使时代天使今日首日上市高开131.21%报400港元，盘前成交近18亿港元，市值663亿港元。\n时代天使是国内领先的隐形矫治解决方案提供商，市占率41.3%，排名市场第一。招股书显示，2018-2020年，公司收益分别为4.88亿、6.45亿、8.16亿元人民币，期内利润分别为5818.6万、6766.5万、1.5亿元人民币。\n时代天使获超额认购2079倍。分析人士指出，市场之所以如此看好时代天使，主要原因是时代天使在该领域的主要竞争对手阿莱科技在过去的10多年里股价暴涨，是美股中名副其实的大牛股。截至6月15日收盘，阿莱科技总市值475亿美元（约合3687亿港元）。\n国际油价继续上涨，带动港股“三桶油”逆势高开。中国石油股份涨0.56%、中国石油化工涨0.24%、中国海洋石油涨1.35%。布油今日盘中最高涨至74.39美元，创2019年4月以来新高；美油今日盘中最高涨至72.55美元，创2018年10月以来新高。\n中国燃气复牌低开逾4%，非全资附属公司是十堰燃气爆炸事故区域的燃气供货商之一。","news_type":1,"symbols_score_info":{"513600":0.9,"MHImain":0.9,"HSI":0.9,"HHImain":0.9,"MCHmain":0.9,"02833":0.9,"HSImain":0.9}},"isVote":1,"tweetType":1,"viewCount":3452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"fut","language":"zh","title":"Reminder: US stocks will be closed on July 5th due to the US Independence Day holiday.","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed on Monday, July 5, and will resume trading on Tuesday, July 6.</b></p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>It is a statutory national holiday in the United States, celebrated annually on July 4th to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as solemn as religious and folk holidays. Before the holiday, people clean their yards, decorate their homes, and hang the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US stocks will be closed on July 5th due to the US Independence Day holiday.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: US stocks will be closed on July 5th due to the US Independence Day holiday.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed on Monday, July 5, and will resume trading on Tuesday, July 6.</b></p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>It is a statutory national holiday in the United States, celebrated annually on July 4th to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as solemn as religious and folk holidays. Before the holiday, people clean their yards, decorate their homes, and hang the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>The U.S. stock market's earnings season kicks off this week, and will be...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although all three major U.S. stock indexes hit new highs before the end of last week, and listed company profits are expected to grow by 60%, investors are currently focusing more on four hidden pitfalls: peaking corporate profit growth, a potential slowdown in economic growth, the spread of variant strains, and the Federal Reserve's inclination to taper its easing program. The ironclad rule of buying during earnings season since last year is likely to fail, and investment institutions have begun to increase their cash allocation.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The quarterly earnings report will be released on the 13th, marking the start of the US stock earnings season. According to Fact Set data, analysts predict that S&P 500 companies will see their profits surge 64% in the second quarter of this year compared to the same period last year, the highest level in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will focus on executives' views on profit prospects and profits, as well as how to address the current labor shortage.</p><p>Let's first look at what Bloomberg Intelligence points out: during the COVID-19 pandemic, US stock investors who bought in at the last minute during earnings season were winners. Earlier, in the six weeks following the start of earnings season, the S&P 500 index rose by an average of 4.6%. However, analysts noted that the economic expansion cycle has reached its peak, which could lead to a surge in corporate profit growth. Investors are therefore worried that the 15-month-long policy bull market may be discouraged. Historical experience shows that when corporate profit growth peaks, the stock market will also underperform.</p><p>The Federal Reserve's semi-annual report to Congress on the U.S. economy showed that shortages of some raw materials and labor are hindering this year's strong economic rebound and contributing to temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but shortages of raw materials and labor continue to inhibit the restart of many business activities.</p><p>The report also revealed signals from Federal Reserve officials regarding their upcoming economic development decisions. Since the COVID-19 pandemic swept the United States in March 2020, the Federal Reserve has consistently kept interest rates near zero. The Federal Reserve has indicated that interest rates are expected to remain unchanged at the 2% target until the labor market returns to so-called \"full employment.\"</p><p>According to a report released by the Federal Reserve, the U.S. economic recovery process may face obstacles in the coming months, and short-term inflation will remain a focus of investor attention. Economic growth may slow, and the most obvious sign of a weakening economy is the continued decline in the yield on the 10-year U.S. Treasury Bond in recent weeks, which has caused bank stocks to lose their original appeal, while growth stocks such as technology stocks are expected to become popular again.</p><p>Following the second-quarter earnings report, analysts expect corporate profit growth to slow in the next three quarters, with earnings growth expected to fail to reach 5% by early next year, given the weakening of U.S. government policy support and the end of last year's low base effect.</p><p><a href=\"https://laohu8.com/S/C\">Citi</a>Chief U.S. equity strategist Tobias Levkovich said that the average price-to-earnings ratio of U.S. stocks has reached its highest point since the dot-com bubble, indicating a very weak resilience to negative news. In addition, the Biden administration's plans to raise corporate tax rates, coupled with rising wage and raw material costs, will have a significant impact on corporate net profits.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the G20 to propose a 15% global minimum corporate tax rate at international tax negotiations, in order to end competition to attract companies through the lowest tax rates, as such competition would ultimately erode government revenues. This proposal brings the U.S. position closer to the 12.5% minimum tax rate discussed by the OECD before the U.S. rejoined negotiations.</p><p>Tobias Levkovich added that the US stock market is currently overly complacent, and many investors believe that the market will smoothly shift from a policy-driven to an earnings-driven market, but this is still uncertain. Declining corporate profits, rising inflation concerns, the Federal Reserve's withdrawal, government tax increases, and many other negative factors will continue to emerge.</p><p>Investors will also be closely watching the U.S. Consumer Price Index (CPI) for June, expected to be released on July 14, which is expected to rise by 5% year-on-year. Federal Reserve Chairman Jerome Powell will also attend a hearing on the same day to release his first-half monetary policy report, and his speech on inflation and the economic outlook will be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, noted that the S&P 500 is rising much faster than corporate earnings growth, rising nearly 16% since the beginning of this year, while corporate profits are projected to grow by 14% and 10% this year and next, respectively. He believes that earnings need to grow by 14% in 2022, reducing the estimated price-to-earnings ratio to 18 times, for US stocks to be considered reasonable.</p><p>Regarding the COVID-19 pandemic, the United States has encountered a new wave of variant strains, especially the Delta variant, which was initially discovered in India. The U.S. Centers for Disease Control and Prevention (CDC) stated that the Delta variant has been listed as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>Pfizer and its German partner BioNTech announced plans to apply to the U.S. Food and Drug Administration (FDA) in August for authorization to administer a third dose of the vaccine, stating that administering the third dose within 12 months can significantly boost immunity and also help combat the highly contagious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.</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\"Buying during earnings season\" may fail! The US stock market outlook encounters four major concerns and pitfalls.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The U.S. stock market's earnings season kicks off this week, and will be...<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although all three major U.S. stock indexes hit new highs before the end of last week, and listed company profits are expected to grow by 60%, investors are currently focusing more on four hidden pitfalls: peaking corporate profit growth, a potential slowdown in economic growth, the spread of variant strains, and the Federal Reserve's inclination to taper its easing program. The ironclad rule of buying during earnings season since last year is likely to fail, and investment institutions have begun to increase their cash allocation.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The quarterly earnings report will be released on the 13th, marking the start of the US stock earnings season. According to Fact Set data, analysts predict that S&P 500 companies will see their profits surge 64% in the second quarter of this year compared to the same period last year, the highest level in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will focus on executives' views on profit prospects and profits, as well as how to address the current labor shortage.</p><p>Let's first look at what Bloomberg Intelligence points out: during the COVID-19 pandemic, US stock investors who bought in at the last minute during earnings season were winners. Earlier, in the six weeks following the start of earnings season, the S&P 500 index rose by an average of 4.6%. However, analysts noted that the economic expansion cycle has reached its peak, which could lead to a surge in corporate profit growth. Investors are therefore worried that the 15-month-long policy bull market may be discouraged. Historical experience shows that when corporate profit growth peaks, the stock market will also underperform.</p><p>The Federal Reserve's semi-annual report to Congress on the U.S. economy showed that shortages of some raw materials and labor are hindering this year's strong economic rebound and contributing to temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but shortages of raw materials and labor continue to inhibit the restart of many business activities.</p><p>The report also revealed signals from Federal Reserve officials regarding their upcoming economic development decisions. Since the COVID-19 pandemic swept the United States in March 2020, the Federal Reserve has consistently kept interest rates near zero. The Federal Reserve has indicated that interest rates are expected to remain unchanged at the 2% target until the labor market returns to so-called \"full employment.\"</p><p>According to a report released by the Federal Reserve, the U.S. economic recovery process may face obstacles in the coming months, and short-term inflation will remain a focus of investor attention. Economic growth may slow, and the most obvious sign of a weakening economy is the continued decline in the yield on the 10-year U.S. Treasury Bond in recent weeks, which has caused bank stocks to lose their original appeal, while growth stocks such as technology stocks are expected to become popular again.</p><p>Following the second-quarter earnings report, analysts expect corporate profit growth to slow in the next three quarters, with earnings growth expected to fail to reach 5% by early next year, given the weakening of U.S. government policy support and the end of last year's low base effect.</p><p><a href=\"https://laohu8.com/S/C\">Citi</a>Chief U.S. equity strategist Tobias Levkovich said that the average price-to-earnings ratio of U.S. stocks has reached its highest point since the dot-com bubble, indicating a very weak resilience to negative news. In addition, the Biden administration's plans to raise corporate tax rates, coupled with rising wage and raw material costs, will have a significant impact on corporate net profits.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it was working with the Organization for Economic Cooperation and Development (OECD) and the G20 to propose a 15% global minimum corporate tax rate at international tax negotiations, in order to end competition to attract companies through the lowest tax rates, as such competition would ultimately erode government revenues. This proposal brings the U.S. position closer to the 12.5% minimum tax rate discussed by the OECD before the U.S. rejoined negotiations.</p><p>Tobias Levkovich added that the US stock market is currently overly complacent, and many investors believe that the market will smoothly shift from a policy-driven to an earnings-driven market, but this is still uncertain. Declining corporate profits, rising inflation concerns, the Federal Reserve's withdrawal, government tax increases, and many other negative factors will continue to emerge.</p><p>Investors will also be closely watching the U.S. Consumer Price Index (CPI) for June, expected to be released on July 14, which is expected to rise by 5% year-on-year. Federal Reserve Chairman Jerome Powell will also attend a hearing on the same day to release his first-half monetary policy report, and his speech on inflation and the economic outlook will be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, noted that the S&P 500 is rising much faster than corporate earnings growth, rising nearly 16% since the beginning of this year, while corporate profits are projected to grow by 14% and 10% this year and next, respectively. He believes that earnings need to grow by 14% in 2022, reducing the estimated price-to-earnings ratio to 18 times, for US stocks to be considered reasonable.</p><p>Regarding the COVID-19 pandemic, the United States has encountered a new wave of variant strains, especially the Delta variant, which was initially discovered in India. The U.S. Centers for Disease Control and Prevention (CDC) stated that the Delta variant has been listed as the dominant virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>Pfizer and its German partner BioNTech announced plans to apply to the U.S. Food and Drug Administration (FDA) in August for authorization to administer a third dose of the vaccine, stating that administering the third dose within 12 months can significantly boost immunity and also help combat the highly contagious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","OEX":"标普100","DJX":"1/100道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DJX":0.9,"IVV":0.9,"SPXU":0.9,"DOG":0.9,"TQQQ":0.9,"UDOW":0.9,"SSO":0.9,"NQmain":0.9,"SDS":0.9,".IXIC":0.9,"SPY":0.9,"QID":0.9,"DDM":0.9,"SQQQ":0.9,".DJI":0.9,"UPRO":0.9,"QQQ":0.9,"OEF":0.9,"QLD":0.9,"SDOW":0.9,"SH":0.9,"OEX":0.9,"PSQ":0.9,".SPX":0.9,"DXD":0.9,"ESmain":0.9,"MNQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146643748,"gmtCreate":1626078473284,"gmtModify":1703752884814,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146643748","repostId":"1148322111","repostType":4,"repost":{"id":"1148322111","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626077734,"share":"https://ttm.financial/m/news/1148322111?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:15","market":"hk","language":"zh","title":"Tiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Biopharma-B</a>The market closed at HK$25 in the grey market, up 12.36% from the issue price. The company priced each share at HK$22.25, with 500 shares per lot.<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The company closed at HK$1.77 in the grey market, up 11.32% from the issue price. The company priced each share at HK$1.59, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong Stock Exchange on Tuesday, July 13.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>During the previous public subscription phase, Tengsheng Biopharmaceutical-B received 246,540 subscriptions, with 45,541 winners. The winning rate per lot was 5%, and one lot was guaranteed to be successful after subscribing to 40 lots, resulting in an oversubscription of 292 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>During the previous public subscription phase, a total of 25,345 people subscribed for South China Vocational Education, with 7,653 winning the lot. The winning rate for one lot was 20%, and one out of every 10 lots was guaranteed to be successful, resulting in an oversubscription of 6.01 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Grey Markets: Tengsheng Biopharm-B shares rose over 12%, and South China Vocational Education shares rose over 11%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 12,<a href=\"https://laohu8.com/S/02137\">Tengsheng Biopharma-B</a>The market closed at HK$25 in the grey market, up 12.36% from the issue price. The company priced each share at HK$22.25, with 500 shares per lot.<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The company closed at HK$1.77 in the grey market, up 11.32% from the issue price. The company priced each share at HK$1.59, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong Stock Exchange on Tuesday, July 13.</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>During the previous public subscription phase, Tengsheng Biopharmaceutical-B received 246,540 subscriptions, with 45,541 winners. The winning rate per lot was 5%, and one lot was guaranteed to be successful after subscribing to 40 lots, resulting in an oversubscription of 292 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>During the previous public subscription phase, a total of 25,345 people subscribed for South China Vocational Education, with 7,653 winning the lot. The winning rate for one lot was 20%, and one out of every 10 lots was guaranteed to be successful, resulting in an oversubscription of 6.01 times. The relevant data compiled by Tiger News is shown in the table below:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"02137":"腾盛博药-B","06913":"华南职业教育"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":3681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":3454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"hk","language":"zh","title":"Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea has an 8% success rate per lot; subscribing to 40 lots guarantees one lot.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 29th news, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's Tea</a>The company issued an announcement stating that it will issue 257 million shares at a price of HK$19.8 per share, with 500 shares per lot, and is expected to list on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Allocation Results:</b></p><p>Group A has 500 shares per lot, with an 8% success rate per lot. Subscribing to 40 lots guarantees one lot.</p><p>Group B consisted of 300,000 shares (600 lots) and was allocated 3,000 shares (6 lots).<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering phase, Nayuki Tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, representing 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642,033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, with the final number of shares offered being 129 million (excluding over-allocated shares), representing 50% of the total number of shares offered.</p><p>Regarding the use of funds, the company intends to use the net proceeds from the global offering, estimated at approximately HK$4.84 billion (assuming the over-allotment option is not exercised), for the following purposes: approximately 70.0% will be used to expand its tea shop network and increase its market penetration over the next three years; Approximately 10.0% will be used over the next three years to further enhance overall operations by strengthening technological capabilities, thereby improving operational efficiency; Approximately 10.0% will be used to enhance supply chain capabilities over the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is understood that Nayuki's tea shops, operated by the company, are a leading high-end freshly made tea shop chain in China, focusing on providing freshly made tea shops. According to CIC, Nayuki's tea was the second largest teahouse brand in the premium freshly made teahouse market in China in terms of total retail consumption value in 2020, with a market share of 18.9%. Based on total retail consumption in 2020, Nayuki's tea was the seventh largest tea shop brand in China's overall freshly made tea shop industry, with a market share of 3.9%.</p><p>To enhance the convenience and personalized experience of Nayuki Tea for customers, the company launched the Nayuki Tea membership system and the Nayuki Tea application, and achieved full integration with the company's Nayuki Tea shop network. The company's Nayuki Tea membership system has approximately 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020 and further to 562 as of the Latest Practicable Date. Revenue generated from the company's Nayuki tea shops increased from RMB910 million in 2018 to RMB2.292 billion in 2019, and further to RMB2.871 billion in 2020.</p><p>In addition, Nayuki's tea same-store profit margin remained stable at 24.9% and 25.3% in 2018 and 2019, respectively, for the same stores in 2018 and 2019. Due to the impact of the COVID-19 outbreak, Nayuki's tea same-store profit margin was 13.5% in 2020 as compared to 21.0% in 2019 for the same stores in 2019 and 2020.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from RMB 1.087 billion in 2018 to RMB 3.057 billion in 2020, representing a compound annual growth rate of 67.7% from 2018 to 2020. The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of RMB 2.115 billion and adjusted net profit of RMB 4.484 million. The domestic food industry has been significantly impacted by the pandemic, and the company's adjusted net profit has narrowed under pressure, but revenue has still maintained strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":3400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"repost":{"id":"2150302995","kind":"highlight","weMediaInfo":{"introduction":"美股研究社，一个专注研究美股的平台，专业的美股投资人都在这。想了解美国股市行情、美股开户、美股资讯、美股公司；想获得一手美股重磅信息；想加入美股交流社群，敬请关注我们吧。","home_visible":0,"media_name":"美股研究社","id":"1074069735","head_image":"https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6"},"pubTimestamp":1626078007,"share":"https://ttm.financial/m/news/2150302995?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:20","market":"us","language":"zh","title":"Has the biggest test for the US stock market finally arrived? Can the performance support the valuation?","url":"https://stock-news.laohu8.com/highlight/detail?id=2150302995","media":"美股研究社","summary":"企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验。","content":"<p>It's time to meet everyone again this weekend. Although there were some intraday fluctuations last week, the three major stock indices still closed strongly higher. Even if there was a pullback, it reversed within the day, and the upward momentum was frighteningly strong.</p><p>Next week is earnings season, and US stocks have already risen to such high levels that even an ugly daughter-in-law has to meet her parents. Whether corporate performance will continue to grow significantly or experience a precipitous decline will be the biggest test in the coming months. After all, no matter how much the Federal Reserve eases monetary policy, the rise in stock prices will ultimately return to fundamentals in the long run.</p><p>The most worrying thing last week was that even before the earnings season officially started, the FAAMG hit record highs. We experienced a similar scenario during the first-quarter earnings season, which started on April 15. The final result was a sell-off in May, with the Nasdaq pullback/retracement down 10% from its high.</p><p>Let's first take a look at the first-quarter financial reports of the seven major Chinese and American tech giants:</p><p>AAPL: Revenue of $89.6 billion, a year-over-year increase of 53.6%. Net profit was $23.63 billion, up 110% year-on-year.</p><p>GOOG: Revenue was $55.314 billion, up 34% year-over-year, and net profit was $17.93 billion, up 162% year-over-year.</p><p>MSFT: Revenue of $41.7 billion, a year-over-year increase of 19%; Net profit was $15.5 billion, up 44% year-on-year.</p><p>Facebook: Revenue of $26.171 billion, a year-over-year increase of 48%; Net profit was $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-over-year increase of 44%; Net profit was $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-over-year increase of 64%; Net profit was $4.073 billion, up 18% year-on-year.</p><p>Tencent: Revenue of $21 billion, a year-on-year increase of 25%; Net profit was US$5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the data above, I believe everyone will share my thoughts: FAAMG's performance is truly terrifying, especially its profit growth. Alibaba and Tencent are completely different from each other, but even with such financial reports, they all failed in the end. At that time, the market was already worried about the unsustainability of its growth.</p><p>Why was the first-quarter financial report so strong? On the one hand, the United States was not yet under complete lockdown in the first quarter of last year, and internet giants had not yet ushered in an opportunity to accelerate growth, resulting in a relatively low overall revenue base. However, in the first quarter of this year, they continued to enjoy the benefits of the pandemic, which naturally led to explosive growth. On the other hand, the US government has issued too much money, and people earn more without working than if they did. In addition, with the vaccine now available, various retaliatory consumption is rampant, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter earnings report, we will encounter this double negative feedback. In the second quarter of last year, the revenue of internet giants began to accelerate due to the impact of the pandemic dividend, with a very large revenue base. However, in the second quarter of this year, due to the disappearance of the pandemic dividend, the revenue growth rate may slow down. Several states in the United States have begun to stop issuing subsidies, which is somewhat detrimental to consumption growth. Compared to the first quarter, the revenue growth rate of technology stocks is bound to slow down, or rather, return to normal.</p><p>FAAMG has currently reached record highs, with gains exceeding 20% in the past two months, and is likely to continue rising in the coming week. When the earnings report is released, can they still hold their high levels? When the Nasdaq was at 14,000, such strong first-quarter performance ultimately failed to hold up. Before the release of second-quarter tech earnings reports, the Nasdaq is likely to have already risen to the 15,000-15,200 range. However, at this level, we are entering a phase of slowing revenue growth. Can the company's performance growth support the current high valuation? I am very worried that the market will experience another sell-off at the end of April, leading to a deep correction.</p><p>Leaving aside the distant details, let's talk about AMZN. During the recent Prime Day holiday, Amazon's annual promotional revenue only grew by 9%, and institutions lowered their expectations for Amazon's second-quarter revenue growth to 28%, while their expectations for third-quarter revenue growth were 22%. Imagine a company's stock price rising from $3,000 to $3,800, but its revenue growth rate dropping from 44% to 28%. Can such an increase be sustained? What I'm most worried about is whether consumption can maintain the same high growth as in the first quarter after the US relief subsidies stop being distributed.</p><p>My analysis above was after the 20th, because FAAMG's financial reports are basically released after the 20th. Next week will mainly feature bank stock earnings reports, which should be very stable at this stage. After all, bank stocks have been adjusting for two months in advance and haven't risen much recently. Now is the time to take advantage of positive earnings reports to surge. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the 15,000-15,200 range. You can even be more optimistic and aggressive.</p><p>According to Refinitiv data, the banking sector is expected to generate explosive results in the second quarter as earnings in the financial sector of the S&P 500 index doubled year-over-year. Major banks recently announced they would increase their dividend payouts after the Federal Reserve praised lenders as all 23 banks passed the central bank’s stress test.</p><p>Bank stocks led Wall Street's sell-off on Thursday as some investors reduced their holdings amid an unexpected drop in U.S. Treasury Bond yields. They then immediately hit back on Friday, saying strong earnings results could help stabilize an industry shaken by heightened concerns about slowing growth.</p><p>For the Banks sector (including these major Banks, which account for approximately 45% of total financial sector revenue), Zacks expects second-quarter revenue to grow by +190.8%.</p><p>With such strong profit growth expectations, I think it's unlikely we'll see a sharp drop in bank stocks next week. As long as bank stocks don't fall, the three major stock indices will inevitably continue to surge mindlessly. It should only be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after the mindless surge next week, you might want to consider reducing your positions. The reasons have already been explained quite clearly above.</p><p>The current market remains very optimistic. Callie Bost, senior investment strategist at investment firm Ally Invest, said, \"Economic growth may have performed exceptionally well in the second quarter. Earnings growth may slow, but analysts still expect S&P 500 companies to achieve double-digit earnings growth in the next two quarters. It's crucial not to lose confidence in the market just because the strongest economic growth may be over.\"</p><p>This round of mindless surges is largely related to the continuous decline in the yield on the 10-year Treasury Bond of US Treasury bonds. If you can't make money in the bond market, money will naturally flow into the stock market. Data provider EPFR said that $580 billion flowed into global equity funds in the first half of 2021, a record high.</p><p>Bank of America further analyzed that if the rate of capital inflows remains unchanged for the remainder of this year, global equity fund inflows in 2021 will exceed the total of the past 20 years. Driven by continuous capital inflows, major global stock indices have climbed to record highs in the past week.</p><p>Although many people are currently very afraid of heights, we need to get used to this situation where global stock markets are constantly breaking records. Companies such as BlackRock, State Street, UBS Asset Management, and JPMorgan Chase Asset Management predict that the stock market will continue to rise in the second half of this year, and some institutions have even given a target price for the S&P 500 to rise to 5,000.</p><p>To put it bluntly, although the US stock market may experience significant fluctuations after late July, given that it has risen so much in such a short period of time, many people will definitely take advantage of the earnings reports to run away. However, as long as the Federal Reserve does not tighten its policies, the overall upward trend of the US stock market is unlikely to change.</p><p>As for how to plan for the second half of the year? Between June 23 and 30, CNBC surveyed about 100 chief investment officers, equity strategists, and portfolio managers who manage funds on Wall Street. Nearly 70% of respondents expected value stocks to outperform growth stocks in the next quarter. At the industry sector level, most investors (67%) believed that financial stocks would be the biggest winners in the second half of the year, mainly due to the Federal Reserve's gradual reduction in discussions about buying bonds, inflation, corporate profit margin pressures, and tax increases.</p><p>We remain bullish on US stocks, but investing requires a cyclical mindset. Technology stocks have already risen to this level and are likely to enter a phase of slow growth, while value stocks may make a comeback. After the 20th, US stocks may not necessarily plummet. It's just that technology stocks are risky. Perhaps a large-scale portfolio adjustment will completely alleviate the potential risks.</p><p>Of course, it is too early to predict these things now, after all, the market is constantly changing, and such a scenario cannot be ruled out during this earnings season in the US stock market. After FAAMG released its earnings report, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE all announced stock splits, or any of these giants announced a stock split, which would lead to a mindless surge in tech stocks. In particular, AMZN is highly likely to release its first financial report after taking office, and then give investors a big gift. It really is unknown where the US stock market is going to rise.</p><p>Therefore, we should seize the present, not overthink it, and not worry about the huge bubble in the US stock market. In the coming week, we should focus on going long on bank stocks and seize the opportunities here first. As for the possible pullback in technology stocks, it should be seen as a new opportunity to buy in.</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>Has the biggest test for the US stock market finally arrived? Can the performance support the valuation?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHas the biggest test for the US stock market finally arrived? Can the performance support the valuation?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-07-12 16:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It's time to meet everyone again this weekend. Although there were some intraday fluctuations last week, the three major stock indices still closed strongly higher. Even if there was a pullback, it reversed within the day, and the upward momentum was frighteningly strong.</p><p>Next week is earnings season, and US stocks have already risen to such high levels that even an ugly daughter-in-law has to meet her parents. Whether corporate performance will continue to grow significantly or experience a precipitous decline will be the biggest test in the coming months. After all, no matter how much the Federal Reserve eases monetary policy, the rise in stock prices will ultimately return to fundamentals in the long run.</p><p>The most worrying thing last week was that even before the earnings season officially started, the FAAMG hit record highs. We experienced a similar scenario during the first-quarter earnings season, which started on April 15. The final result was a sell-off in May, with the Nasdaq pullback/retracement down 10% from its high.</p><p>Let's first take a look at the first-quarter financial reports of the seven major Chinese and American tech giants:</p><p>AAPL: Revenue of $89.6 billion, a year-over-year increase of 53.6%. Net profit was $23.63 billion, up 110% year-on-year.</p><p>GOOG: Revenue was $55.314 billion, up 34% year-over-year, and net profit was $17.93 billion, up 162% year-over-year.</p><p>MSFT: Revenue of $41.7 billion, a year-over-year increase of 19%; Net profit was $15.5 billion, up 44% year-on-year.</p><p>Facebook: Revenue of $26.171 billion, a year-over-year increase of 48%; Net profit was $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-over-year increase of 44%; Net profit was $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-over-year increase of 64%; Net profit was $4.073 billion, up 18% year-on-year.</p><p>Tencent: Revenue of $21 billion, a year-on-year increase of 25%; Net profit was US$5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the data above, I believe everyone will share my thoughts: FAAMG's performance is truly terrifying, especially its profit growth. Alibaba and Tencent are completely different from each other, but even with such financial reports, they all failed in the end. At that time, the market was already worried about the unsustainability of its growth.</p><p>Why was the first-quarter financial report so strong? On the one hand, the United States was not yet under complete lockdown in the first quarter of last year, and internet giants had not yet ushered in an opportunity to accelerate growth, resulting in a relatively low overall revenue base. However, in the first quarter of this year, they continued to enjoy the benefits of the pandemic, which naturally led to explosive growth. On the other hand, the US government has issued too much money, and people earn more without working than if they did. In addition, with the vaccine now available, various retaliatory consumption is rampant, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter earnings report, we will encounter this double negative feedback. In the second quarter of last year, the revenue of internet giants began to accelerate due to the impact of the pandemic dividend, with a very large revenue base. However, in the second quarter of this year, due to the disappearance of the pandemic dividend, the revenue growth rate may slow down. Several states in the United States have begun to stop issuing subsidies, which is somewhat detrimental to consumption growth. Compared to the first quarter, the revenue growth rate of technology stocks is bound to slow down, or rather, return to normal.</p><p>FAAMG has currently reached record highs, with gains exceeding 20% in the past two months, and is likely to continue rising in the coming week. When the earnings report is released, can they still hold their high levels? When the Nasdaq was at 14,000, such strong first-quarter performance ultimately failed to hold up. Before the release of second-quarter tech earnings reports, the Nasdaq is likely to have already risen to the 15,000-15,200 range. However, at this level, we are entering a phase of slowing revenue growth. Can the company's performance growth support the current high valuation? I am very worried that the market will experience another sell-off at the end of April, leading to a deep correction.</p><p>Leaving aside the distant details, let's talk about AMZN. During the recent Prime Day holiday, Amazon's annual promotional revenue only grew by 9%, and institutions lowered their expectations for Amazon's second-quarter revenue growth to 28%, while their expectations for third-quarter revenue growth were 22%. Imagine a company's stock price rising from $3,000 to $3,800, but its revenue growth rate dropping from 44% to 28%. Can such an increase be sustained? What I'm most worried about is whether consumption can maintain the same high growth as in the first quarter after the US relief subsidies stop being distributed.</p><p>My analysis above was after the 20th, because FAAMG's financial reports are basically released after the 20th. Next week will mainly feature bank stock earnings reports, which should be very stable at this stage. After all, bank stocks have been adjusting for two months in advance and haven't risen much recently. Now is the time to take advantage of positive earnings reports to surge. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the 15,000-15,200 range. You can even be more optimistic and aggressive.</p><p>According to Refinitiv data, the banking sector is expected to generate explosive results in the second quarter as earnings in the financial sector of the S&P 500 index doubled year-over-year. Major banks recently announced they would increase their dividend payouts after the Federal Reserve praised lenders as all 23 banks passed the central bank’s stress test.</p><p>Bank stocks led Wall Street's sell-off on Thursday as some investors reduced their holdings amid an unexpected drop in U.S. Treasury Bond yields. They then immediately hit back on Friday, saying strong earnings results could help stabilize an industry shaken by heightened concerns about slowing growth.</p><p>For the Banks sector (including these major Banks, which account for approximately 45% of total financial sector revenue), Zacks expects second-quarter revenue to grow by +190.8%.</p><p>With such strong profit growth expectations, I think it's unlikely we'll see a sharp drop in bank stocks next week. As long as bank stocks don't fall, the three major stock indices will inevitably continue to surge mindlessly. It should only be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after the mindless surge next week, you might want to consider reducing your positions. The reasons have already been explained quite clearly above.</p><p>The current market remains very optimistic. Callie Bost, senior investment strategist at investment firm Ally Invest, said, \"Economic growth may have performed exceptionally well in the second quarter. Earnings growth may slow, but analysts still expect S&P 500 companies to achieve double-digit earnings growth in the next two quarters. It's crucial not to lose confidence in the market just because the strongest economic growth may be over.\"</p><p>This round of mindless surges is largely related to the continuous decline in the yield on the 10-year Treasury Bond of US Treasury bonds. If you can't make money in the bond market, money will naturally flow into the stock market. Data provider EPFR said that $580 billion flowed into global equity funds in the first half of 2021, a record high.</p><p>Bank of America further analyzed that if the rate of capital inflows remains unchanged for the remainder of this year, global equity fund inflows in 2021 will exceed the total of the past 20 years. Driven by continuous capital inflows, major global stock indices have climbed to record highs in the past week.</p><p>Although many people are currently very afraid of heights, we need to get used to this situation where global stock markets are constantly breaking records. Companies such as BlackRock, State Street, UBS Asset Management, and JPMorgan Chase Asset Management predict that the stock market will continue to rise in the second half of this year, and some institutions have even given a target price for the S&P 500 to rise to 5,000.</p><p>To put it bluntly, although the US stock market may experience significant fluctuations after late July, given that it has risen so much in such a short period of time, many people will definitely take advantage of the earnings reports to run away. However, as long as the Federal Reserve does not tighten its policies, the overall upward trend of the US stock market is unlikely to change.</p><p>As for how to plan for the second half of the year? Between June 23 and 30, CNBC surveyed about 100 chief investment officers, equity strategists, and portfolio managers who manage funds on Wall Street. Nearly 70% of respondents expected value stocks to outperform growth stocks in the next quarter. At the industry sector level, most investors (67%) believed that financial stocks would be the biggest winners in the second half of the year, mainly due to the Federal Reserve's gradual reduction in discussions about buying bonds, inflation, corporate profit margin pressures, and tax increases.</p><p>We remain bullish on US stocks, but investing requires a cyclical mindset. Technology stocks have already risen to this level and are likely to enter a phase of slow growth, while value stocks may make a comeback. After the 20th, US stocks may not necessarily plummet. It's just that technology stocks are risky. Perhaps a large-scale portfolio adjustment will completely alleviate the potential risks.</p><p>Of course, it is too early to predict these things now, after all, the market is constantly changing, and such a scenario cannot be ruled out during this earnings season in the US stock market. After FAAMG released its earnings report, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE all announced stock splits, or any of these giants announced a stock split, which would lead to a mindless surge in tech stocks. In particular, AMZN is highly likely to release its first financial report after taking office, and then give investors a big gift. It really is unknown where the US stock market is going to rise.</p><p>Therefore, we should seize the present, not overthink it, and not worry about the huge bubble in the US stock market. In the coming week, we should focus on going long on bank stocks and seize the opportunities here first. As for the possible pullback in technology stocks, it should be seen as a new opportunity to buy in.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f9f05ab18a70559b03deab3f261ff27d","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","TTTN":"老虎中美互联网巨头ETF","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","03086":"华夏纳指","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","QNETCN":"纳斯达克中美互联网老虎指数","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares",".DJI":"道琼斯","DXD":"两倍做空道琼30指数ETF-ProShares","OEF":"标普100指数ETF-iShares","DOG":"道指ETF-ProShares做空"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150302995","content_text":"又到了和大家周末见面的时候，上周虽然盘中经历了一些震荡，但三大股指仍然强势收涨，即使有回调也在日内就形成了反转，上涨动能强势的可怕。\n下周即将迎来财报季，美股已经涨到如此高的位置，丑媳妇也得见爹娘，企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验，毕竟美联储再如何放水，股价的上涨长期还是要回归基本面。\n上周最让人担心的一件事，那就是财报季还没正式开启，FAAMG就纷纷创下了历史新高，类似的剧情我们刚刚在4月15日开启的一季度财报季就曾经历过，最后的结果是迎来了Sell in May，纳指从高位回撤了10%。\n在这里，我们还是先来感受下中美七大科技巨头的一季度财报吧：\nAAPL：营收896亿美元 同比增长53.6%。净利润236.3亿美元，同比增长110%。\nGOOG：营收553.14亿美元，同比增长34%，净利润179.30亿美元，同比增长162%。\nMSFT：营收417亿美元，同比增长19%；净利润155亿美元，同比增长44%。\nFB：营收261.71亿美元，同比增长48%；净利润94.97亿美元，同比增长94%。\nAMZN：营收1085亿美元，同比增长44%；净利润81亿美元，同比增长220%。\nBABA：营收291亿美元，同比增长64%；净利润40.73亿美元，同比增长18%。\n腾讯：营收210亿美元，同比增长25%；净利润51.47亿美元，同比增长22%。\n看到上面这组数据，相信大家应该和我一样的想法，FAAMG的业绩真是强的可怕，尤其是利润增长，阿里和腾讯真完全不是一个级别，但就是这样的财报，最后全部都是见光死，市场当时已经开始担忧增长不可持续的事了。\n一季度财报为什么这么强劲？一方面，去年一季度美国还没有全面封锁，互联网巨头还没有迎来加速增长的契机，营收基数整体比较低，今年一季度则仍然在继续享受疫情红利，自然就出现了爆发式增长；另一方面，美国政府发钱实在发的太多了，不上班比上班挣得还要多，再加上疫苗已经出来，各种报复性消费铺天盖地，这也有利于科技股的业绩提振。\n进入二季度财报之后，我们会迎来这种负向的双重反馈。去年二季度，互联网巨头的营收在疫情红利的影响下开始加速增长，营收基数非常大，今年二季度则因为疫情红利的消失，营收增速有可能会放缓；美国多个洲已经开始停止发放补助，这一定程度上又有点不利于消费增长。科技股的营收增速，相比一季度，势必会进入一个放缓阶段，或者应该说是回归常态。\nFAAMG当前都已经历史新高，在过去两个月时间，涨幅均超过20%，并且在未来一周，很可能继续涨下去，真到了财报公布的时候，它们还能在高位稳住吗？纳指14000的时候，一季度如此强劲的业绩，最后都没有撑住。二季度科技股财报来临之前，纳指很可能已经涨到了15000~15200这个区间，但在这个位置，我们迎来一个营收增速放缓的阶段，企业的业绩增长能够撑起当前的高估值吗？我很担心，市场会再经历一次4月末的卖出消息，从而进行一次深度的调整。\n远的不说，我们就来说下AMZN。刚刚过去的Prime Day，亚马逊年度促销的营收才增长了9%，机构对亚马逊二季度营收增长预期也下滑到了28%，对三季度的营收增长预期是22%。想象一下，一家公司的股价从3000美元涨到了3800美元，营收增速却从44%掉到了28%，这样的上涨能否持久。我最担心的，其实还是美国的救济补助停止发放之后，消费还能保持一季度那样的高增长吗？\n我上面的分析那是20号之后的事，因为FAAMG的财报基本都在20号之后。下一周主要是银行股财报，这个阶段应该是非常稳定的。毕竟银行股已经提前调整了两个月时间，最近也没怎么涨，现在正是借着财报利好暴力拉升的时候。所以我们的目标价仍然不变，纳指继续看涨到15000~15200这个区间，你甚至都可以更乐观更激进点。\nRefinitiv 的数据显示，随着标准普尔 500 指数金融板块的收益同比翻番，银行业预计将在第二季度产生井喷式业绩。由于所有 23 家银行都通过了中央银行的压力测试，因此在美联储对贷方表示赞赏后，主要银行最近宣布将增加派息。\n银行股领涨华尔街周四的抛售，因为一些投资者在美国国债收益率意外下跌的情况下减持。然后他们在周五立即回击，强劲的盈利结果可能有助于稳定在对增长放缓的担忧加剧的情况下震荡的行业。\n对于 Banks 行业（包括这些主要银行，约占金融部门总收益的 45%），Zacks预计第二季度收益将增长 +190.8%。\n这样的强劲利润增长预期，我想下周很难看到银行股暴跌的情况，银行股只要不跌，那三大股指必然继续无脑暴涨，纳指首次突破15000，应该就是时间问题了。但经历下周无脑暴涨之后，或许你该考虑减仓的事，至于原因，上面已经说得相当清楚了。\n当前的市场其实仍然非常乐观，投资公司Ally Invest的资深投资策略师卡莉·波斯特（Callie Bost）表示，“在第二季度里，经济增长可能取得了极好的表现。盈利增长可能放缓，但分析师仍旧预计标普500指数成分股公司的盈利在未来两个季度将实现两位数增长。不能因为经济最强劲的增长可能已经过去，就对市场失去信心，这一点至关重要。”\n这一轮的无脑暴涨，很大程度上和美债十年期国债收益率的不断走低有关系，债市赚不到钱，钱自然就纷纷涌向了股市。数据提供商EPFR表示，2021年上半年流入全球股票基金的资金达到5800亿美元，创下了历史最高。\n美国银行更是给出了进一步分析，如果今年剩余时间里资金流入速度保持不变，2021年全球股票基金的资金流入数将超过过去20年的总和。持续流入的资金推动，全球主要股指在过去一周接连攀升至创纪录高位。\n虽然很多朋友当前非常恐高，但我们要习惯这种全球股市不断刷新纪录的情况。贝莱德、道富、瑞银资管、摩根大通资管等公司预计，今年下半年股市将继续上涨，现在甚至有机构给出标普涨到5000的目标价了。\n说白了，虽然可能7月下旬之后，美股会迎来比较大的波动，毕竟在极短的时间涨了这么多，肯定会有很多人借财报获利跑路的，但只要美联储政策不收紧，美股整体继续往上的趋势怕是不会改变。\n至于下半年该如何布局？在6月23日至30日期间，CNBC对华尔街约100名管理资金的首席投资官、股票策略师、投资组合经理进行了调查，近70%的受访者预计，下个季度价值型股票的表现将好于成长型股票，在行业板块层面，大多数投资者(67%)认为，金融类股将在下半年成为最大赢家，这主要因为美联储逐渐减少买债的讨论、通胀、企业利润率压力及加税。\n我们仍然看涨美股，但投资必须要有周期性布局思维，科技股已经涨成这样，并且很有可能会进入一个缓慢增长阶段，而价值股有可能再次重新王者归来。20号之后，美股不一定会暴跌，只是说科技股有风险，或许我们进行一次大规模的调仓，就彻底缓解了可能面临的风险呢？\n当然，现在预测这些都为时尚早，毕竟市场一直是在变化的，美股这次财报季不排除会有这样的剧情。FAAMG财报发完之后，AMZN、NFLX、ASML、GOOG、SHOP、LRCX、ADBE纷纷宣布拆股，或者这其中任何一家巨头宣布拆股，那都会带着科技股继续无脑暴涨。尤其AMZN概率不小，新CEO上任的第一份财报，然后送给投资者一份大礼，那美股这真不知道要涨到哪里去了。\n所以我们还是要把握当下，不要想太多，也不要去担心美股泡沫已经巨大，未来一周重点做多银行股，先把这里的机会抓到再说。至于科技股可能的回调，那也要看成是新的上车机会。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"03086":0.9,"TQQQ":0.9,"PSQ":0.9,"NQmain":0.9,".SPX":0.9,"QQQ":0.9,"SDS":0.9,".DJI":0.9,".IXIC":0.9,"IVV":0.9,"DOG":0.9,"QLD":0.9,"QNETCN":0.9,"SH":0.9,"DDM":0.9,"MNQmain":0.9,"SSO":0.9,"OEF":0.9,"QID":0.9,"DJX":0.9,"OEX":0.9,"TTTN":0.9,"SPXU":0.9,"ESmain":0.9,"SDOW":0.9,"UDOW":0.9,"SQQQ":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":3633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>With three trading days left, the first half of 2021 for A-shares will draw to a close. As of the market close on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. This percentage is higher than in the past.</p><p>Most institutions are optimistic about the market outlook for the second half of the year and recommend that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies expect positive results.</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that since June, 39 A-share listed companies have disclosed their 2021 semi-annual performance forecasts. Including companies that previously made predictions about their interim reports in their first-quarter reports and other announcements, as of the close of trading on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. It is worth noting that companies in the steel, mining, and transportation industries account for the largest proportion of their constituent stocks with positive forecasts.</p><p>Currently, not many companies have disclosed their 2021 semi-annual results, with 529 companies accounting for only about 13% of A-share listed companies. However, judging solely from the companies that have disclosed their earnings, 60% of listed companies have positive interim report forecasts, which is relatively good compared to previous interim report seasons in the A-share market.</p><p>In 2019 and 2020, the proportion of listed companies expecting positive results was around 40% to 50%.</p><p>A query of historical data reveals that:</p><p>According to data as of July 15, 2019, 52.66% of companies have issued positive interim report forecasts.</p><p>In 2020, due to the impact of the pandemic, the proportion of companies with positive interim report forecasts was relatively low. As of July 15, 2020, 52.66% of the companies with positive interim report forecasts had already been announced.</p><p>Liu Youhua, head of research at Private Equity Ranking Network, believes that grasping the interim earnings market requires certain investment skills. For example, it is essential to intervene in advance, rather than waiting until the interim earnings forecast is released, otherwise there will be a certain risk of chasing highs.</p><p>Companies in the steel, mining, and transportation industries with positive forecasts account for the largest proportion of their constituent stocks.</p><p>Yang Delong, chief economist at Qianhai Open Source Fund, believes that the steel industry is expected to perform well in the first half of the year, mainly benefiting from the economic recovery. Last year, the base was relatively low due to the impact of the epidemic, and as the economy recovered, the demand for steel gradually increased, so the steel industry performed well.</p><p>\"Against the backdrop of a gradual economic recovery, the performance of the coal sector, a sub-sector of the mining industry, is expected to see a significant marginal improvement,\" said Chen Li, chief economist and director of the research institute at Sichuan Securities. \"The core reason for the coal industry's performance growth this year is still the continuous rise in coal prices. Since the beginning of this year, global commodities have entered a new round of inflation, and coal is one of the most typical representative products. Coupled with factors such as environmental protection and import and export, coal prices have risen significantly, especially the price of metallurgical coke.\" The second half of the year will see the peak heating season, and changes in environmental policies will have a direct impact at any time. Overall, the coal sector's performance in 2021 is highly certain.</p><p>Regarding the transportation industry, Liu Youhua, head of research at Private Equity Ranking Network, believes that \"the transportation industry is a niche sector in the market, with low capital hotspots and significant divergence among individual stocks. From a fundamental perspective, improvements in domestic transportation infrastructure and the establishment of logistics systems have increased efficiency. In overseas shipping, profits have increased due to rising prices.\" Furthermore, as the global pandemic gradually came under control, the economy began to recover, residents' activities began to normalize, and demand for transportation increased significantly.</p><p><b>2、</b><b><b>Policy aspect: This may be beneficial to the strengthening of A-shares.</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal spending will accelerate. Therefore, the stock market should seem more optimistic.</p><p>Interest rate policy may be \"raised first and then lowered\".</p><p>Chen Xing, chief economist at Zhongtai Macro, believes that interest rates may rise first and then fall in the second half of the year, with a greater risk of rising interest rates in the short term, while the downward trend will be smoother after the adjustment. For asset allocation, the bond market may have a more prominent advantage, the equity market presents structural opportunities, while the commodity market, dragged down by declining prices, performed worse than in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to a decline in interest rates. First, the pressure on economic growth will gradually become apparent. Since the pandemic, the two most prominent aspects of the global economic cycle have been US consumption and China's exports. US personal consumption expenditure has contributed far more to post-pandemic economic growth than private investment, net exports, and government spending, which corresponds to the high prosperity of my country's exports. Of the 12 percentage points of my country's export growth in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, in terms of inflation, the situation in China in the second half of the year is much easier than in the first half. The global pandemic has peaked and subsided, and domestic measures to \"ensure supply and stabilize prices\" have led to a return to demand-driven commodity pricing. The weak economic recovery means that most industrial product prices do not have the basis for sustained increases. In addition, the pressure on PPI growth caused by the base effect tends to ease in the second half of the year. The efficiency of transmitting PPI growth to CPI growth in this round is also not high, and inflationary pressures will ease in the second half of the year.</p><p>Fiscal policy may be relatively stronger in the second half of the year.</p><p>Xu Chi, an analyst at Zhongtai Strategy, believes that fiscal policy may be relatively strong in the second half of the year: with government bond issuance significantly lower than expected in the first half of the year, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year. With liquidity unlikely to be further eased, it is expected that interest rates will be difficult to decline further at least in the third quarter.</p><p>Compared with developed countries such as the United States, the tax contributions of the top 1% of my country's richest people are significantly lower: in the United States, personal income tax accounts for 55% of total government tax revenue, while the top 1% of households contribute 17% of tax revenue, but pay 25% of federal income tax. In my country, individual income tax accounts for only 7.2% of tax revenue, and the lack of an \"asset tax\" related to the wealthy is the most important reason for this difference. With increasing pressure on fiscal revenue and expenditure, the wealthy should shoulder more social responsibility. It is expected that reforms such as the pilot program of real estate tax and the postponement of consumption tax collection may accelerate in the second half of the year, which may cause some fluctuations in luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the big tech sector</b></b></p><p>Currently, the consensus among most securities firms and funds is to increase their allocation to technology.</p><p>Let's first look at the views of securities firms:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report points out that the three periods of domestic economic stability, policy support, and liquidity friendliness overlap. The overseas economic recovery period in Europe and the United States, the period of liquidity easing, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, but \"easy to loosen but difficult to tighten,\" and the global liquidity clock is still allocating risky assets. The market went long without hesitation. The market is gradually moving from the \"centennial\" rally to a \"summer rally\" characterized by booming activity, scorching sun, and bright sunshine. During this phase, technology growth directions will become the main source of attractive scenery and excess returns during the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai Strategy, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, HarmonyOS, consumer electronics), military industry, etc., which have stable performance, accelerated profit increases, and the industry maintains high prosperity; The consumer sector is paying more attention to new consumption. At the same time, we should be wary of the risk of a decline in the interim results of some machinery industries, light industry, and some food and beverage companies.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>We recommend continuing to focus on three main themes: Theme 1: High Prosperity. Pay attention to semiconductors, the new energy vehicle industry chain, and coal, especially with the interim report season about to begin. Pay close attention to the performance of high-prosperity sectors. Theme 2: Post-pandemic recovery theme, focusing on the shipping and aviation sectors, which are experiencing upward trends. Theme 3: Undervalued themes, with a focus on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>We recommend focusing on small-cap growth stocks with good immediate performance (mid-to-high-end liquor/computer/semiconductor), low PEG + price increase transmission + upward earnings forecast (fertilizer/glass). Thematic investments focus on improved economic conditions and marginal policy growth under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>A research report by Guosheng Securities points out three clues to \"tap into\" the Science and Technology Innovation Board: 1. Explore new directions for A-shares and benchmark against scarce \"unicorns\" in niche sectors. 2. Revenue growth has consistently led the \"high growth\" of science and technology innovation; 3. Companies that have experienced significant pullback/retracement since listing, have fallen below their issue price, and possess valuation value from the perspective of PEG and other factors; Sectors such as oil, petrochemicals, chemicals, non-ferrous metals, and photovoltaics benefited from overseas demand. Sub-sectors with strong economic certainty and potential for high growth include new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical aesthetics, and mid-to-high-end liquor.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report points out that with the resurgence of the technological wave, there are seven major technological fields worth paying attention to. First, the semiconductor industry is booming first; Second, 5G is a network that connects everything; Third, with the explosive growth of IoT, the reach of data is expanding; Fourth, with the increased investment in AI, machines and humans are one step closer together; Fifth, the energy revolution, a major theme for humanity over the next 30 years; Sixth, autonomous driving, the next breakthrough scenario for human-computer interaction; Seventh is virtual reality, which brings reality into the virtual world.</p><p>Let's look at the perspectives of mutual funds:</p><p>For the second half of the year, Zhonggeng Fund has given three directions: First, the broad manufacturing sector: especially the manufacturing sector in the middle and upper reaches, which has sustained high growth potential and great elasticity in both fundamentals and valuation; Second, midstream and upstream pro-cyclical sectors and banking/real estate/insurance: fundamental and profit risks have been fully released, valuations are relatively cheap, and there is a possibility of a double boost in performance and valuation, resulting in high overall risk compensation. Thirdly, growth-oriented industries such as electronics, new materials, machinery, and high-end manufacturing.</p><p>Yinhua Fund suggests a balanced allocation in terms of industry allocation. First, it recommends gradually reducing the cyclical allocation ratio and allocating to undervalued industries such as banking, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain. Secondly, in the medium term, we are optimistic about growth sub-sectors that benefit from the industry landscape and still have good prosperity, such as new energy vehicles, panels and military industry.</p><p>Zhejiang Merchants Fund suggests that investors continue to focus on technology stocks, represented by the semiconductor industry chain, and the military industry chain on dips from a medium-term perspective, and continue to focus on the automotive electrification and intelligent automotive software and hardware industry chains and the new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality, and China's economic transformation will have a profound impact on China's industrial structure and organizational structure. In the future, the volatility of upstream raw material prices will gradually decrease, the center of their price fluctuations may gradually rise, and the industry's profitability will become more and more stable. Current valuations of cyclical industries remain at historically low levels, and investors are advised to focus on dips.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two key areas: first, new energy vehicles, which benefit from economic transformation and policy environment encouragement, and have huge long-term potential.<a href=\"https://laohu8.com/S/000591\">solar energy</a>Industries such as military industry and advantageous manufacturing will give rise to a number of leading companies with global competitiveness in the coming years. Secondly, there are industries closely related to residents' quality of life and income levels, such as healthcare, emerging consumer goods, and the Internet. In these industries, demand has been growing rapidly in the long term, models have been innovating rapidly, and outstanding companies with strong competitive advantages have been constantly emerging.</p><p>Chengze Asset Management believes that it adheres to the principles of fundamental-based construction and portfolio optimization, strives to achieve ideal net asset value growth while controlling pullback/retracement, and strictly enforces stop-loss discipline. The new energy vehicle industry chain, advanced manufacturing, medical services and bioinnovative drugs, electronics and semiconductors, and new consumer goods are currently the focus of layout and research.</p><p>Rongshu Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption, and new technologies. We are particularly optimistic about the new energy sector, which is one of the best sectors in the next 5-10 years of investment cycle, with strong industry certainty and large growth potential.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat will the A-share market speculate on in the second half of This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>With three trading days left, the first half of 2021 for A-shares will draw to a close. As of the market close on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. This percentage is higher than in the past.</p><p>Most institutions are optimistic about the market outlook for the second half of the year and recommend that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: Over 60% of listed companies expect positive results.</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Tonghuashun</a>Statistics show that since June, 39 A-share listed companies have disclosed their 2021 semi-annual performance forecasts. Including companies that previously made predictions about their interim reports in their first-quarter reports and other announcements, as of the close of trading on June 25, a total of 529 listed companies on the Shanghai and Shenzhen stock exchanges had released their first-half earnings forecasts. Among them, 329 companies expected positive results (including expected increases, slight increases, turnarounds, and continued profits), accounting for 62.19%. It is worth noting that companies in the steel, mining, and transportation industries account for the largest proportion of their constituent stocks with positive forecasts.</p><p>Currently, not many companies have disclosed their 2021 semi-annual results, with 529 companies accounting for only about 13% of A-share listed companies. However, judging solely from the companies that have disclosed their earnings, 60% of listed companies have positive interim report forecasts, which is relatively good compared to previous interim report seasons in the A-share market.</p><p>In 2019 and 2020, the proportion of listed companies expecting positive results was around 40% to 50%.</p><p>A query of historical data reveals that:</p><p>According to data as of July 15, 2019, 52.66% of companies have issued positive interim report forecasts.</p><p>In 2020, due to the impact of the pandemic, the proportion of companies with positive interim report forecasts was relatively low. As of July 15, 2020, 52.66% of the companies with positive interim report forecasts had already been announced.</p><p>Liu Youhua, head of research at Private Equity Ranking Network, believes that grasping the interim earnings market requires certain investment skills. For example, it is essential to intervene in advance, rather than waiting until the interim earnings forecast is released, otherwise there will be a certain risk of chasing highs.</p><p>Companies in the steel, mining, and transportation industries with positive forecasts account for the largest proportion of their constituent stocks.</p><p>Yang Delong, chief economist at Qianhai Open Source Fund, believes that the steel industry is expected to perform well in the first half of the year, mainly benefiting from the economic recovery. Last year, the base was relatively low due to the impact of the epidemic, and as the economy recovered, the demand for steel gradually increased, so the steel industry performed well.</p><p>\"Against the backdrop of a gradual economic recovery, the performance of the coal sector, a sub-sector of the mining industry, is expected to see a significant marginal improvement,\" said Chen Li, chief economist and director of the research institute at Sichuan Securities. \"The core reason for the coal industry's performance growth this year is still the continuous rise in coal prices. Since the beginning of this year, global commodities have entered a new round of inflation, and coal is one of the most typical representative products. Coupled with factors such as environmental protection and import and export, coal prices have risen significantly, especially the price of metallurgical coke.\" The second half of the year will see the peak heating season, and changes in environmental policies will have a direct impact at any time. Overall, the coal sector's performance in 2021 is highly certain.</p><p>Regarding the transportation industry, Liu Youhua, head of research at Private Equity Ranking Network, believes that \"the transportation industry is a niche sector in the market, with low capital hotspots and significant divergence among individual stocks. From a fundamental perspective, improvements in domestic transportation infrastructure and the establishment of logistics systems have increased efficiency. In overseas shipping, profits have increased due to rising prices.\" Furthermore, as the global pandemic gradually came under control, the economy began to recover, residents' activities began to normalize, and demand for transportation increased significantly.</p><p><b>2、</b><b><b>Policy aspect: This may be beneficial to the strengthening of A-shares.</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to decline, monetary policy will remain stable in the second half of the year, and the pace of fiscal spending will accelerate. Therefore, the stock market should seem more optimistic.</p><p>Interest rate policy may be \"raised first and then lowered\".</p><p>Chen Xing, chief economist at Zhongtai Macro, believes that interest rates may rise first and then fall in the second half of the year, with a greater risk of rising interest rates in the short term, while the downward trend will be smoother after the adjustment. For asset allocation, the bond market may have a more prominent advantage, the equity market presents structural opportunities, while the commodity market, dragged down by declining prices, performed worse than in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to a decline in interest rates. First, the pressure on economic growth will gradually become apparent. Since the pandemic, the two most prominent aspects of the global economic cycle have been US consumption and China's exports. US personal consumption expenditure has contributed far more to post-pandemic economic growth than private investment, net exports, and government spending, which corresponds to the high prosperity of my country's exports. Of the 12 percentage points of my country's export growth in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, in terms of inflation, the situation in China in the second half of the year is much easier than in the first half. The global pandemic has peaked and subsided, and domestic measures to \"ensure supply and stabilize prices\" have led to a return to demand-driven commodity pricing. The weak economic recovery means that most industrial product prices do not have the basis for sustained increases. In addition, the pressure on PPI growth caused by the base effect tends to ease in the second half of the year. The efficiency of transmitting PPI growth to CPI growth in this round is also not high, and inflationary pressures will ease in the second half of the year.</p><p>Fiscal policy may be relatively stronger in the second half of the year.</p><p>Xu Chi, an analyst at Zhongtai Strategy, believes that fiscal policy may be relatively strong in the second half of the year: with government bond issuance significantly lower than expected in the first half of the year, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year. With liquidity unlikely to be further eased, it is expected that interest rates will be difficult to decline further at least in the third quarter.</p><p>Compared with developed countries such as the United States, the tax contributions of the top 1% of my country's richest people are significantly lower: in the United States, personal income tax accounts for 55% of total government tax revenue, while the top 1% of households contribute 17% of tax revenue, but pay 25% of federal income tax. In my country, individual income tax accounts for only 7.2% of tax revenue, and the lack of an \"asset tax\" related to the wealthy is the most important reason for this difference. With increasing pressure on fiscal revenue and expenditure, the wealthy should shoulder more social responsibility. It is expected that reforms such as the pilot program of real estate tax and the postponement of consumption tax collection may accelerate in the second half of the year, which may cause some fluctuations in luxury goods such as mid-to-high-end liquor.</p><p><b>3、</b><b><b>Focus on opportunities in the big tech sector</b></b></p><p>Currently, the consensus among most securities firms and funds is to increase their allocation to technology.</p><p>Let's first look at the views of securities firms:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report points out that the three periods of domestic economic stability, policy support, and liquidity friendliness overlap. The overseas economic recovery period in Europe and the United States, the period of liquidity easing, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, but \"easy to loosen but difficult to tighten,\" and the global liquidity clock is still allocating risky assets. The market went long without hesitation. The market is gradually moving from the \"centennial\" rally to a \"summer rally\" characterized by booming activity, scorching sun, and bright sunshine. During this phase, technology growth directions will become the main source of attractive scenery and excess returns during the \"summer market\".</p><p>Chen Long, chief strategist of Zhongtai Strategy, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, HarmonyOS, consumer electronics), military industry, etc., which have stable performance, accelerated profit increases, and the industry maintains high prosperity; The consumer sector is paying more attention to new consumption. At the same time, we should be wary of the risk of a decline in the interim results of some machinery industries, light industry, and some food and beverage companies.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>We recommend continuing to focus on three main themes: Theme 1: High Prosperity. Pay attention to semiconductors, the new energy vehicle industry chain, and coal, especially with the interim report season about to begin. Pay close attention to the performance of high-prosperity sectors. Theme 2: Post-pandemic recovery theme, focusing on the shipping and aviation sectors, which are experiencing upward trends. Theme 3: Undervalued themes, with a focus on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>We recommend focusing on small-cap growth stocks with good immediate performance (mid-to-high-end liquor/computer/semiconductor), low PEG + price increase transmission + upward earnings forecast (fertilizer/glass). Thematic investments focus on improved economic conditions and marginal policy growth under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>A research report by Guosheng Securities points out three clues to \"tap into\" the Science and Technology Innovation Board: 1. Explore new directions for A-shares and benchmark against scarce \"unicorns\" in niche sectors. 2. Revenue growth has consistently led the \"high growth\" of science and technology innovation; 3. Companies that have experienced significant pullback/retracement since listing, have fallen below their issue price, and possess valuation value from the perspective of PEG and other factors; Sectors such as oil, petrochemicals, chemicals, non-ferrous metals, and photovoltaics benefited from overseas demand. Sub-sectors with strong economic certainty and potential for high growth include new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical aesthetics, and mid-to-high-end liquor.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report points out that with the resurgence of the technological wave, there are seven major technological fields worth paying attention to. First, the semiconductor industry is booming first; Second, 5G is a network that connects everything; Third, with the explosive growth of IoT, the reach of data is expanding; Fourth, with the increased investment in AI, machines and humans are one step closer together; Fifth, the energy revolution, a major theme for humanity over the next 30 years; Sixth, autonomous driving, the next breakthrough scenario for human-computer interaction; Seventh is virtual reality, which brings reality into the virtual world.</p><p>Let's look at the perspectives of mutual funds:</p><p>For the second half of the year, Zhonggeng Fund has given three directions: First, the broad manufacturing sector: especially the manufacturing sector in the middle and upper reaches, which has sustained high growth potential and great elasticity in both fundamentals and valuation; Second, midstream and upstream pro-cyclical sectors and banking/real estate/insurance: fundamental and profit risks have been fully released, valuations are relatively cheap, and there is a possibility of a double boost in performance and valuation, resulting in high overall risk compensation. Thirdly, growth-oriented industries such as electronics, new materials, machinery, and high-end manufacturing.</p><p>Yinhua Fund suggests a balanced allocation in terms of industry allocation. First, it recommends gradually reducing the cyclical allocation ratio and allocating to undervalued industries such as banking, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain. Secondly, in the medium term, we are optimistic about growth sub-sectors that benefit from the industry landscape and still have good prosperity, such as new energy vehicles, panels and military industry.</p><p>Zhejiang Merchants Fund suggests that investors continue to focus on technology stocks, represented by the semiconductor industry chain, and the military industry chain on dips from a medium-term perspective, and continue to focus on the automotive electrification and intelligent automotive software and hardware industry chains and the new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality, and China's economic transformation will have a profound impact on China's industrial structure and organizational structure. In the future, the volatility of upstream raw material prices will gradually decrease, the center of their price fluctuations may gradually rise, and the industry's profitability will become more and more stable. Current valuations of cyclical industries remain at historically low levels, and investors are advised to focus on dips.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two key areas: first, new energy vehicles, which benefit from economic transformation and policy environment encouragement, and have huge long-term potential.<a href=\"https://laohu8.com/S/000591\">solar energy</a>Industries such as military industry and advantageous manufacturing will give rise to a number of leading companies with global competitiveness in the coming years. Secondly, there are industries closely related to residents' quality of life and income levels, such as healthcare, emerging consumer goods, and the Internet. In these industries, demand has been growing rapidly in the long term, models have been innovating rapidly, and outstanding companies with strong competitive advantages have been constantly emerging.</p><p>Chengze Asset Management believes that it adheres to the principles of fundamental-based construction and portfolio optimization, strives to achieve ideal net asset value growth while controlling pullback/retracement, and strictly enforces stop-loss discipline. The new energy vehicle industry chain, advanced manufacturing, medical services and bioinnovative drugs, electronics and semiconductors, and new consumer goods are currently the focus of layout and research.</p><p>Rongshu Investment believes that it should focus on high-quality companies in the fields of new energy, new consumption, and new technologies. We are particularly optimistic about the new energy sector, which is one of the best sectors in the next 5-10 years of investment cycle, with strong industry certainty and large growth potential.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"repost":{"id":"1155187410","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623806380,"share":"https://ttm.financial/m/news/1155187410?lang=en_US&edition=fundamental","pubTime":"2021-06-16 09:19","market":"hk","language":"zh","title":"Opening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155187410","media":"老虎资讯综合","summary":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(","content":"<p>June 16 - Hong Kong's three stock indices were open low, with the Hang Seng Index down 0.1% to 28,609 points, the Hang Seng Index down 0.34% to 10,632 points, and the Hang Seng Tech Index down 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the market, oil stocks were strong, with all three major oil companies opening higher; Mainland property stocks, which had fallen across the board yesterday, rebounded as negative news materialized (the establishment of the Off-Campus Education and Training Supervision Department). Most education stocks rose, with Oriental Education and Minsheng Education both showing gains. Major tech stocks generally fell, with NetEase down more than 1%, and Meituan, Tencent, Xiaomi, and Baidu all declining. Gas stocks continued their downward trend from yesterday, while non-ferrous metal stocks such as steel and copper fell significantly, while auto and bank stocks declined.</p><p>Orthodontic tap<a href=\"https://laohu8.com/S/06699\">Times Angel</a>Times Angel opened 131.21% higher at HK$400 on its first day of trading today, with a pre-market turnover of nearly HK$1.8 billion and a market capitalization of HK$66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, the company's revenue was RMB 488 million, RMB 645 million and RMB 816 million in 2018, 2020 and 2020, respectively, and its profit during the period was RMB 58.186 million, RMB 67.665 million and RMB 150 million, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It was oversubscribed by 2079 times. Analysts point out that the market's optimism about Times Angel is mainly due to its main competitors in this field.<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>Its stock price has skyrocketed over the past decade, making it a true bull stock in the US stock market. As of the market close on June 15, Alai Technology's total market capitalization was US$47.5 billion (approximately HK$368.7 billion).</p><p>International oil prices continued to rise, driving the three major oil companies in Hong Kong to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">China Petroleum Corporation</a>Up 0.56%<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemicals rose 0.24%.<a href=\"https://laohu8.com/S/00883\">China National Offshore Oil</a>Up 1.35%. Brent crude oil rose to a high of $74.39 during trading today, a new high since April 2019; US crude oil rose to a high of $72.55 during trading today, a new high since October 2018.</p><p>China Gas resumed trading in open low, which exceeded 4%. Its non-wholly-owned subsidiary is one of the gas suppliers in the Shiyan gas explosion area.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: The Hang Seng Index fell 0.1%, while the Times Angel Index rose 131% for the first time.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 09:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>June 16 - Hong Kong's three stock indices were open low, with the Hang Seng Index down 0.1% to 28,609 points, the Hang Seng Index down 0.34% to 10,632 points, and the Hang Seng Tech Index down 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the market, oil stocks were strong, with all three major oil companies opening higher; Mainland property stocks, which had fallen across the board yesterday, rebounded as negative news materialized (the establishment of the Off-Campus Education and Training Supervision Department). Most education stocks rose, with Oriental Education and Minsheng Education both showing gains. Major tech stocks generally fell, with NetEase down more than 1%, and Meituan, Tencent, Xiaomi, and Baidu all declining. Gas stocks continued their downward trend from yesterday, while non-ferrous metal stocks such as steel and copper fell significantly, while auto and bank stocks declined.</p><p>Orthodontic tap<a href=\"https://laohu8.com/S/06699\">Times Angel</a>Times Angel opened 131.21% higher at HK$400 on its first day of trading today, with a pre-market turnover of nearly HK$1.8 billion and a market capitalization of HK$66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. According to the prospectus, the company's revenue was RMB 488 million, RMB 645 million and RMB 816 million in 2018, 2020 and 2020, respectively, and its profit during the period was RMB 58.186 million, RMB 67.665 million and RMB 150 million, respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Times Angel</a>It was oversubscribed by 2079 times. Analysts point out that the market's optimism about Times Angel is mainly due to its main competitors in this field.<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>Its stock price has skyrocketed over the past decade, making it a true bull stock in the US stock market. As of the market close on June 15, Alai Technology's total market capitalization was US$47.5 billion (approximately HK$368.7 billion).</p><p>International oil prices continued to rise, driving the three major oil companies in Hong Kong to open higher against the trend.<a href=\"https://laohu8.com/S/00857\">China Petroleum Corporation</a>Up 0.56%<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemicals rose 0.24%.<a href=\"https://laohu8.com/S/00883\">China National Offshore Oil</a>Up 1.35%. Brent crude oil rose to a high of $74.39 during trading today, a new high since April 2019; US crude oil rose to a high of $72.55 during trading today, a new high since October 2018.</p><p>China Gas resumed trading in open low, which exceeded 4%. Its non-wholly-owned subsidiary is one of the gas suppliers in the Shiyan gas explosion area.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155187410","content_text":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(校外教育培训监管司成立)，教育股多数上涨，东方教育、民生教育等均有涨幅；大型科技股普跌，网易跌超1%，美团、腾讯、小米、百度皆下跌；燃气股延续昨日跌势，钢铁、铜等有色金属股跌幅明显，汽车股、银行股走低。\n口腔正畸龙头时代天使时代天使今日首日上市高开131.21%报400港元，盘前成交近18亿港元，市值663亿港元。\n时代天使是国内领先的隐形矫治解决方案提供商，市占率41.3%，排名市场第一。招股书显示，2018-2020年，公司收益分别为4.88亿、6.45亿、8.16亿元人民币，期内利润分别为5818.6万、6766.5万、1.5亿元人民币。\n时代天使获超额认购2079倍。分析人士指出，市场之所以如此看好时代天使，主要原因是时代天使在该领域的主要竞争对手阿莱科技在过去的10多年里股价暴涨，是美股中名副其实的大牛股。截至6月15日收盘，阿莱科技总市值475亿美元（约合3687亿港元）。\n国际油价继续上涨，带动港股“三桶油”逆势高开。中国石油股份涨0.56%、中国石油化工涨0.24%、中国海洋石油涨1.35%。布油今日盘中最高涨至74.39美元，创2019年4月以来新高；美油今日盘中最高涨至72.55美元，创2018年10月以来新高。\n中国燃气复牌低开逾4%，非全资附属公司是十堰燃气爆炸事故区域的燃气供货商之一。","news_type":1,"symbols_score_info":{"513600":0.9,"MHImain":0.9,"HSI":0.9,"HHImain":0.9,"MCHmain":0.9,"02833":0.9,"HSImain":0.9}},"isVote":1,"tweetType":1,"viewCount":3452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}