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万象入星辰
万象入星辰
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2021-08-19
666
Rashomon: Nio officially denies it is related to the "500 owner statement"
有蔚来车主对此声明表达了异议,称他本人没有参与过那个声明。
Rashomon: Nio officially denies it is related to the "500 owner statement"
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万象入星辰
万象入星辰
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2021-08-19
101
Fed Minutes Preview: The mouth may be harder, but the announcement that taper should be at the end of the year
核心与会者和鸽派参与者将主导政策的真正落地。
Fed Minutes Preview: The mouth may be harder, but the announcement that taper should be at the end of the year
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万象入星辰
万象入星辰
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2021-08-17
68
The Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%
8月17日讯,恒生科技指数跌超3%,恒指跌超1.5%,新东方跌近10%。
The Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%
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万象入星辰
万象入星辰
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2021-08-10
666
Rogers: The most brutal bear market in history may start at this time
罗杰斯说道:“2008年时,股市的问题主要是在于,我们背负了太多债务。可是,2008年之后直至今天,债务更火箭一般窜升。因此,下一次我们遇到熊市时,只能比那次严酷得多。” 现在,债券已经处在泡沫当中
Rogers: The most brutal bear market in history may start at this time
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万象入星辰
万象入星辰
·
2021-08-10
666
[Change] Popular Chinese concept stocks rose sharply, and Keike rose by more than 14%
8月9日,贝壳盘中涨幅扩大至14%,其它热门中概股中,网易涨超6%,高途、拼多多涨超4%,新东方涨超3%,京东、哔哩哔哩涨超2%。
[Change] Popular Chinese concept stocks rose sharply, and Keike rose by more than 14%
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万象入星辰
万象入星辰
·
2021-05-31
666
Opening: The Hang Seng Technology Index opened up 1%, and Meituan opened 4% higher after the results
5月31日,恒指小幅开涨,恒生指数开盘上涨101.05点,涨幅0.35%,报29225.46点;国企指数开盘上涨69.33点,涨幅0.64%,报10862.88点;红筹指数开盘下跌52.39点,跌幅1
Opening: The Hang Seng Technology Index opened up 1%, and Meituan opened 4% higher after the results
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万象入星辰
万象入星辰
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2021-03-12
???
JD.com was unanimously optimistic by major banks after its financial report, and it is expected that it will still grow strongly this year
周四,京东集团发布了2020年四季度及全年财报:京东第四季度净营收2243亿元,同比增长31.4%;2020年全年,京东实现营收7458亿元,市场预期7405.8亿元;实现净利润494.05亿元,市场
JD.com was unanimously optimistic by major banks after its financial report, and it is expected that it will still grow strongly this year
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万象入星辰
万象入星辰
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2021-02-23
??
XPeng Motor shareholders are rumored to place 10.5 million ADRs
市场消息:小鹏汽车股东Shanghai Cheyou Enterprise Management据悉将配售1050万股ADR,本次配售价格为每ADS 35.25-35.75美元。小鹏汽车盘前跌幅扩大,
XPeng Motor shareholders are rumored to place 10.5 million ADRs
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万象入星辰
万象入星辰
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2021-02-16
666
Opening: Happy market opening in the Year of the Ox! Hang Seng Index opened 1.66% higher
2月16日讯,港股牛年首日开盘,A股继续休市。恒指涨1.66%报30675点,国指涨1.53%报12062点,恒生科技指数涨2.01%报10620点。盘面上,春节档电影票房创历史新高,影视娱乐股集体高
Opening: Happy market opening in the Year of the Ox! Hang Seng Index opened 1.66% higher
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万象入星辰
万象入星辰
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2021-01-26
678
FF is about to go public, Geely plans to invest tens of millions of dollars
$36氪$从多位接触到FF国内融资项目的知情人士处获悉,贾跃亭创办的电动车公司FF正在国内寻求新一轮融资,吉利集团已表达了明确的投资意向,同时,FF的老股东恒大集团也参与了此次融资洽谈。“$吉利汽车$计划向FF投资3000万到4000万美元,最快下周公布。”就在昨日,路透报道称,FF将在国内一线城市新建工厂,初期产能为10万台。而FF的制造服务合作方正是吉利汽车,双方还将在FF车型的自动驾驶等方面开展合作。
FF is about to go public, Geely plans to invest tens of millions of dollars
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We don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner expressed objection to this statement, saying that he himself had not participated in that statement.</b></p><p>Today, \"500 people\" were posted on social media<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car owners issued a joint statement on their understanding of NOP/NP systems, which stated: We are clearly aware that Nio's current NP/NOP is an assisted driving system, not an autonomous driving system or an unmanned driving system; Nio's introduction and publicity of NP/NOP does not confuse or mislead us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, questioned that Nio's promotion of autonomous driving was \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, said earlier that the case is still under investigation and is currently waiting for the technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, lawyer Lin said, \"When most people buy a car, they listen to the salesperson introduce how to use the car. In this case, when his salesperson gives users operation guidance, he suggests that automatic driving can be realized, including one that has not been deleted yet, and we have notarized such a page. He directly wrote automatic driving without the word\" assist \". Then we have a question. This is fraud, you are defrauding consumers. \"</p>","source":"sina_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rashomon: Nio officially denies it is related to the \"500 owner statement\"</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\">\nRashomon: Nio officially denies it is related to the \"500 owner statement\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-18 19:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to news on the evening of August 18, according to Caijing.com, Nio Motors said: \"It's circulating on the Internet '<b>500 Nio vehicle owners issue joint statement on NOP/NP system awareness'</b>It is a joint statement issued by Nio car owners spontaneously and has nothing to do with the official. We don't know the exact number of car owners. \"</p><p>In addition,<b>A Nio owner expressed objection to this statement, saying that he himself had not participated in that statement.</b></p><p>Today, \"500 people\" were posted on social media<a href=\"https://laohu8.com/S/NIO\">Nio</a>Car owners issued a joint statement on their understanding of NOP/NP systems, which stated: We are clearly aware that Nio's current NP/NOP is an assisted driving system, not an autonomous driving system or an unmanned driving system; Nio's introduction and publicity of NP/NOP does not confuse or mislead us.</p><p><img src=\"https://static.tigerbbs.com/0f1254fabfde6853f773eba64a7dc80c\" tg-width=\"677\" tg-height=\"2149\" referrerpolicy=\"no-referrer\"></p><p>Previously, Lin Lihong, the lawyer of the owner of Lin Wenqin's case, questioned that Nio's promotion of autonomous driving was \"fraud\". Lin Lihong, a lawyer entrusted by Lin Wenqin's family to represent the case, said earlier that the case is still under investigation and is currently waiting for the technical appraisal of the vehicle.</p><p>Regarding the \"automatic assisted driving\" function of Nio vehicles, lawyer Lin said, \"When most people buy a car, they listen to the salesperson introduce how to use the car. In this case, when his salesperson gives users operation guidance, he suggests that automatic driving can be realized, including one that has not been deleted yet, and we have notarized such a page. He directly wrote automatic driving without the word\" assist \". Then we have a question. This is fraud, you are defrauding consumers. \"</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/caa91e1c0f611544b6b14d39def99a86","relate_stocks":{"NIO":"蔚来"},"source_url":"https://finance.sina.com.cn/tech/2021-08-18/doc-ikqciyzm2183216.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186870898","content_text":"8月18日晚间消息,据财经网报道,蔚来汽车表示:“网上流传的'500名蔚来汽车车主发布对NOP/NP系统认知的联合声明'是蔚来车主自发组织发出的一个联合声明,与官方没有关联。车主具体人数我们也不知道。”\n另外,有蔚来车主对此声明表达了异议,称他本人没有参与过那个声明。\n今日,社交媒体上贴出《500名蔚来汽车车主发布对NOP/NP系统认知的联合声明》,文中称:我们清楚知悉目前蔚来公司的NP/NOP系辅助驾驶系统,而非自动驾驶系统或无人驾驶系统;蔚来公司对NP/NOP的介绍、宣传未对我们构成混淆和误导。\n\n此前,林文钦案车主律师林丽鸿曾质疑,蔚来宣传自动驾驶属于\"欺诈\"。 林文钦家属委托代理此案的律师林丽鸿此前表示现在案件还在调查当中,目前正等待对车辆进行技术鉴定。\n对于蔚来汽车“自动辅助驾驶”功能,林律师表示,“大部分人在购车时,是听销售人员给介绍这个车怎么进行使用,在这种情况之下,他的销售人员在给用户进行操作指导的时候,提出的就是说可以实现自动驾驶,包括它有一个目前还没有删掉,我们也都进行公证了这么一个页面,他直接写的是自动驾驶,没有“辅助”两个字,那么我们有个疑问,你在这些宣传页面上全部都没有写你的缺陷,而是在购买以后再告诉大家,用户手册里面有写我有各种缺陷,你这是欺诈,就是欺诈消费者。”","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831622613,"gmtCreate":1629324904132,"gmtModify":1676530000587,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"101","listText":"101","text":"101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831622613","repostId":"1124478475","repostType":4,"repost":{"id":"1124478475","kind":"news","pubTimestamp":1629291113,"share":"https://ttm.financial/m/news/1124478475?lang=en_US&edition=fundamental","pubTime":"2021-08-18 20:51","market":"us","language":"zh","title":"Fed Minutes Preview: The mouth may be harder, but the announcement that taper should be at the end of the year","url":"https://stock-news.laohu8.com/highlight/detail?id=1124478475","media":"华尔街见闻","summary":"核心与会者和鸽派参与者将主导政策的真正落地。","content":"<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 am Beijing time (02:00 EST) on Thursday. There is only one week left before the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce a reduction in the scale of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting released today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchase (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will begin to gradually reduce bond purchases in January and continue for 11 months; Reduced purchases of mortgage-backed securities (MBS) will continue for 6 months.</p><p>Nomura also said that the minutes of the July FOMC meeting are likely to include more important discussions among FOMC participants on the technical details of taper, including when to start, the pace of tapering, and whether to treat Treasury Bond and MBS equally. Less purchases.</p><p>Considering that the FOMC meetings in June and July were tougher than expected, Nomura Securities believes that a stronger consensus may be reached in the minutes of the July meeting, and will gradually taper in the near future.</p><p>Notably, although recent Fed speeches have continued the theme of hawkish calls for an early taper since the July meeting, Nomura sees little indication from the core level that a taper may be announced in the third quarter. Furthermore, inflation and COVID-19 pandemic developments are likely to make minutes cliche (and hinder taper) as well.</p><p><b>What will be the timing, scale and method of taper?</b></p><p>After the July FOMC meeting, the Federal Reserve adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards meeting its targets. In addition, the Federal Open Market Committee will continue to assess the progress of future meetings. It is important to emphasize future meetings, suggesting that discussions will not be concluded until at least November.</p><p>At a press conference, Fed Chairman Jerome Powell acknowledged that the committee considered a number of considerations at its July meeting on how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to prevail, with some hawkish FOMC participants calling for faster taper timelines, including Bullard, Waller, Rosengren and Kaplan. These players tend to announce the tapering at the September FOMC meeting, but the start time and duration of the tapering vary.</p><p>Bullard and Waller, in particular, both called for a relatively fast taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, asking for 8-10 months.</p><p>Beyond the hawks, however, the core members of the Federal Open Market Committee, including Clarida and Brainard, are more patient.</p><p>In a speech on August 4, Clarida repeated some of the language from the July FOMC statement while acknowledging that he might support announcing a taper later this year.</p><p>In addition, Governor brainard emphasized the need to look at the September employment report (scheduled to be released on October 8) before making any final FOMC decision. He also pointed out that since the July FOMC meeting, due to the development of COVID-19 pandemic, the downside risks to the economy are now more obvious.</p><p>In addition, Bostic emphasized that given that the Fed has promised to issue taper notice in advance, this may pose communication challenges. That being said, the evolution of the wording from \"future conference\" to \"later this year\" may reflect a subtle hawkish shift.</p><p>In addition to core personnel, dovish players, including Daly, Evans and Kashkari, all said that if the economy progresses as expected, taper will be announced later this year. This suggests that the July FOMC minutes may reflect a relatively strong consensus that it may be appropriate to announce taper later this year, but there are differing views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees supporting a faster-than-expected taper or announcing taper in the discussion of the minutes. This will likely manifest itself in terms of when the taper begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is also important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants believed that it was more appropriate to tape gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to tape faster, which also increased the Fed's flexibility in grasping the timing of taping.</p><p>Finally, regarding how to reduce the purchase of U.S. Treasury Bond and MBS, Nomura Securities noted that although Powell seems to rule out the possibility of starting to reduce the purchase of MBS first, he does not rule out the possibility of reducing MBS faster.</p><p><b>What is the macroeconomic impact on the FOMC meeting?</b></p><p>Nomura Securities believes that although non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Federal Reserve to announce a taper as soon as possible. In addition, the unexpected drop in core CPI inflation in July, the raging Delta variant, and the deterioration of retail sales data are also preventing the Fed from announcing a taper as soon as possible.</p><p>At a July press conference, Powell said that while successive waves of COVID-19 pandemic tend to have less impact on the economy, the Federal Open Market Committee still needs to monitor eating out, travel, and school reopening issues. Since the meeting, Nomura believes these concerns have become a reality rather than a risk.</p><p>What are the risks at this FOMC meeting?</p><p>Nomura believes that given that both the June and July FOMC meetings were tougher than expected, the agency believes that the July FOMC meeting minutes may show a stronger than expected consensus to start taper as soon as possible.</p><p>In this case, the strong consensus could lead Powell to deliver a key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core participants, and the need for \"advance notice\" all show that the obstacles to gradual taper since September are still relatively high.</p><p>Therefore, Nomura Securities believes that we believe that the minutes of the July FOMC meeting will reveal some different opinions and consensus from people with tough voices, but the core participants and dovish participants will dominate the real implementation of the policy.</p>","source":"highlight_wallstreetcn","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>Fed Minutes Preview: The mouth may be harder, but the announcement that taper should be at the end of the year</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\">\nFed Minutes Preview: The mouth may be harder, but the announcement that taper should be at the end of the year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-18 20:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Yu Xudong</p><p>The Federal Reserve will release the minutes of its latest monetary policy meeting at 02:00 am Beijing time (02:00 EST) on Thursday. There is only one week left before the annual meeting of global central banks in Jackson Hole. It is expected that Powell will take the opportunity of this meeting to announce a reduction in the scale of bond purchases, so the market needs to pay close attention to whether the minutes of the meeting released today can provide relevant clues. Currently, the Fed's monthly bond purchase quota is $120 billion.</p><p>Recently, Nomura Securities expressed its views on the upcoming Federal Open Market Committee interest rate meeting (FOMC) of the Federal Reserve in August in a research report.</p><p>The report pointed out that Nomura Securities expects the Federal Open Market Committee to announce a reduction in bond purchase (taper) announcement in the fourth quarter, most likely in December this year, and the possibility of announcing taper in November is also increasing.</p><p>Regarding when to implement it, Nomura believes that the Federal Reserve will begin to gradually reduce bond purchases in January and continue for 11 months; Reduced purchases of mortgage-backed securities (MBS) will continue for 6 months.</p><p>Nomura also said that the minutes of the July FOMC meeting are likely to include more important discussions among FOMC participants on the technical details of taper, including when to start, the pace of tapering, and whether to treat Treasury Bond and MBS equally. Less purchases.</p><p>Considering that the FOMC meetings in June and July were tougher than expected, Nomura Securities believes that a stronger consensus may be reached in the minutes of the July meeting, and will gradually taper in the near future.</p><p>Notably, although recent Fed speeches have continued the theme of hawkish calls for an early taper since the July meeting, Nomura sees little indication from the core level that a taper may be announced in the third quarter. Furthermore, inflation and COVID-19 pandemic developments are likely to make minutes cliche (and hinder taper) as well.</p><p><b>What will be the timing, scale and method of taper?</b></p><p>After the July FOMC meeting, the Federal Reserve adjusted its language regarding asset purchases to acknowledge that \"the economy has made progress towards meeting its targets. In addition, the Federal Open Market Committee will continue to assess the progress of future meetings. It is important to emphasize future meetings, suggesting that discussions will not be concluded until at least November.</p><p>At a press conference, Fed Chairman Jerome Powell acknowledged that the committee considered a number of considerations at its July meeting on how to adjust asset purchases when economic conditions need to change, including the pace and composition of purchases.</p><p>Since the July meeting, it has become clear that Fed hawks should start to prevail, with some hawkish FOMC participants calling for faster taper timelines, including Bullard, Waller, Rosengren and Kaplan. These players tend to announce the tapering at the September FOMC meeting, but the start time and duration of the tapering vary.</p><p>Bullard and Waller, in particular, both called for a relatively fast taper process in about 5-6 months, while Rosengren and Kaplan were more cautious, asking for 8-10 months.</p><p>Beyond the hawks, however, the core members of the Federal Open Market Committee, including Clarida and Brainard, are more patient.</p><p>In a speech on August 4, Clarida repeated some of the language from the July FOMC statement while acknowledging that he might support announcing a taper later this year.</p><p>In addition, Governor brainard emphasized the need to look at the September employment report (scheduled to be released on October 8) before making any final FOMC decision. He also pointed out that since the July FOMC meeting, due to the development of COVID-19 pandemic, the downside risks to the economy are now more obvious.</p><p>In addition, Bostic emphasized that given that the Fed has promised to issue taper notice in advance, this may pose communication challenges. That being said, the evolution of the wording from \"future conference\" to \"later this year\" may reflect a subtle hawkish shift.</p><p>In addition to core personnel, dovish players, including Daly, Evans and Kashkari, all said that if the economy progresses as expected, taper will be announced later this year. This suggests that the July FOMC minutes may reflect a relatively strong consensus that it may be appropriate to announce taper later this year, but there are differing views on the exact timing.</p><p>Hawkish voices since the July FOMC meeting suggest that there may be a group of attendees supporting a faster-than-expected taper or announcing taper in the discussion of the minutes. This will likely manifest itself in terms of when the taper begins and how quickly it progresses. Of course, it also matters how many people say this.</p><p>In addition to when the taper is most likely to be announced, it is also important to monitor the size of the taper perceived by each attendee, which means the speed and progress of the taper. Many participants believed that it was more appropriate to tape gradually over a period of about 10-12 months, while some participants suggested supporting the Fed to tape faster, which also increased the Fed's flexibility in grasping the timing of taping.</p><p>Finally, regarding how to reduce the purchase of U.S. Treasury Bond and MBS, Nomura Securities noted that although Powell seems to rule out the possibility of starting to reduce the purchase of MBS first, he does not rule out the possibility of reducing MBS faster.</p><p><b>What is the macroeconomic impact on the FOMC meeting?</b></p><p>Nomura Securities believes that although non-farm payrolls grew strongly in July, it did not accelerate significantly, which may ease the pressure on the Federal Reserve to announce a taper as soon as possible. In addition, the unexpected drop in core CPI inflation in July, the raging Delta variant, and the deterioration of retail sales data are also preventing the Fed from announcing a taper as soon as possible.</p><p>At a July press conference, Powell said that while successive waves of COVID-19 pandemic tend to have less impact on the economy, the Federal Open Market Committee still needs to monitor eating out, travel, and school reopening issues. Since the meeting, Nomura believes these concerns have become a reality rather than a risk.</p><p>What are the risks at this FOMC meeting?</p><p>Nomura believes that given that both the June and July FOMC meetings were tougher than expected, the agency believes that the July FOMC meeting minutes may show a stronger than expected consensus to start taper as soon as possible.</p><p>In this case, the strong consensus could lead Powell to deliver a key speech on taper at the Jackson Hole Global Central Bank Conference.</p><p>Even so, economic data, comments from core participants, and the need for \"advance notice\" all show that the obstacles to gradual taper since September are still relatively high.</p><p>Therefore, Nomura Securities believes that we believe that the minutes of the July FOMC meeting will reveal some different opinions and consensus from people with tough voices, but the core participants and dovish participants will dominate the real implementation of the policy.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3638263\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3638263","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1124478475","content_text":"作者:于旭东\n美联储将于北京时间周四凌晨02:00(美国东部时间02:00)公布最近一次货币政策会议的纪要。当下距离杰克逊霍尔全球央行年会只剩一周时间,外界预期鲍威尔将借该次会议的机会宣布削减购债规模,所以市场需密切关注今天公布的会议纪要能否提供相关线索。目前,美联储每月购债额度为1200亿美元。\n近日,野村证券在一份研报中表达了对即将到来的美联储8月联邦公开市场委员会议息会议(FOMC)的看法。\n报告指出,野村证券预计联邦公开市场委员会将在第四季度宣布减少购债(taper)公告,其中最有可能是在今年12月宣布taper,而11月宣布taper的可能性也在加大。\n对于何时执行,野村认为美联储将在1月份开始逐渐减少购债的购买,并持续11个月;抵押贷款支持证券(MBS)减少购买将持续6个月。\n野村证券还表示,7月的联邦公开市场委员会会议纪要可能会包括联邦公开市场委员会参与者关于taper的技术细节的更重要的讨论,包括何时开始、缩减的速度,以及是否平等对待国债和MBS的购买较少。\n考虑到6月和7月FOMC会议比预期更为强硬,野村证券认为7月的会议纪要中有可能达成更强烈的共识,并在不久后将逐渐taper。\n值得注意的是,尽管自7月会议以来,美联储最近的讲话延续了鹰派呼吁提前taper的主题,但野村证券从核心层面上看不到有什么迹象表明第三季度可能会宣布taper。此外,通胀和新冠疫情的发展很可能也会使会议纪要老生常谈(并阻碍taper)。\ntaper的时间、规模、方式将如何?\n在7月的FOMC会议后,美联储调整了有关资产购买的措辞,以承认“经济在达到目标方面取得了进展。此外,联邦公开市场委员会将继续评估未来会议的进展。强调未来会议很重要,这表明至少要到11月才会结束探讨。\n在记者招待会上,美联储主席鲍威尔承认,委员会在7月份的会议上审议了一些关于在经济条件需要改变时如何调整资产购买的考虑,包括购买的速度和构成。\n自7月会议以来,美联储鹰派显然应该开始占上风,一些鹰派的联邦公开市场委员会参与者呼吁加快taper时间表,包括布拉德、沃勒、罗森格伦和卡普兰。这些参与者倾向于在9月的FOMC会议上宣布减量,但减量的开始时间和持续时间有所不同。\n尤其是布拉德和沃勒,他们都呼吁在大约5-6个月内实现相对快速的taper过程,而罗森格伦和卡普兰则更为谨慎,要求8-10个月。\n然而,除了鹰派之外,联邦公开市场委员会的核心成员,包括克拉里达和布雷纳德,都更加有耐心。\n在8月4日的一次演讲中,克拉里达重复了7月FOMC声明中的一些措辞,同时承认他可能会支持宣布在今年晚些时候taper。\n此外,布雷纳德州长强调,在做出任何FOMC的最终决定之前,需要先看看9月就业报告(定于10月8日发布),他同时还指出,自7月FOMC会议以来,由于新冠疫情的发展,经济下行风险现在更为明显。\n此外,博斯蒂克强调,鉴于美联储已承诺会提前发出taper通知,但这可能会带来沟通方面的挑战。这就是说,从“未来会议”到“今年晚些时候”措辞的演变可能反映出一种微妙的鹰派转变。\n除核心人员之外,鸽派参与者,包括达利、埃文斯和卡什卡里都表示,如果经济进展如预期,今年晚些时候将宣布taper。这表明,7月FOMC会议纪要可能会体现一个相对强烈的共识,即今年晚些时候宣布taper可能是适当的,但对确切的时间有不同的看法。\n自7月FOMC会议以来的鹰派声音表明,在会议记录的讨论中,可能会有一组与会者支持比预期更快的taper或宣布taper。这可能会在减量何时开始以及进展速度方面表现出来。当然,这样说的人有多少也很重要。\n除了最有可能在什么时候宣布taper外,监控每个与会者认为的taper规模也很重要,这意味着taper的速度和进度。许多与会者都认为在10-12个月左右的时间内逐渐taper比较合适,而一些与会者建议支持美联储更快地taper,这也增加美联储把握taper时机的灵活性。\n最后,对于如何减少购买美国国债与MBS,野村证券注意到,尽管鲍威尔似乎排除了先开始减少购买MBS的可能性,但他并不排除可能更快地缩减MBS。\n宏观经济对FOMC会议有何影响?\n野村证券认为,虽然7月非农就业人数增长强劲,但并没有显著加速,这可能减轻了美联储宣布尽快taper的压力。此外,7月核心CPI通胀意外下跌、德尔塔变体的肆虐、零售数据的恶化也在阻挠美联储尽快宣布taper。\n在7月的新闻发布会上,鲍威尔表示,尽管连续一波的新冠疫情往往对经济的影响较小,但联邦公开市场委员会仍需要监控外出就餐、旅行以及学校重新开放的问题。自会议以来,野村证券认为,这些担忧已成为现实而非风险。\n本次FOMC会议有何风险?\n野村证券认为,鉴于6月和7月的FOMC会议都比预期的更为强硬,该机构认为,7月的FOMC会议纪要可能会显示出比预期更强烈的共识,即尽早开始taper。\n在这种情况下,强烈的共识可能导致鲍威尔在杰克逊霍尔全球央行会议发表有关taper的关键演讲。\n即便如此,经济数据、核心与会者的评论、“提前通知”的必要性,都表明自9月份逐渐taper的障碍依然相对较高。\n因此,野村证券认为我们认为,7月的FOMC会议记录将揭示一些来自声音强硬的人士的不同意见和共识,但核心与会者和鸽派参与者将主导政策的真正落地。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839780709,"gmtCreate":1629181638701,"gmtModify":1676529956560,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"68","listText":"68","text":"68","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839780709","repostId":"1160450308","repostType":4,"repost":{"id":"1160450308","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":1629178964,"share":"https://ttm.financial/m/news/1160450308?lang=en_US&edition=fundamental","pubTime":"2021-08-17 13:42","market":"hk","language":"zh","title":"The Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160450308","media":"老虎资讯综合","summary":"8月17日讯,恒生科技指数跌超3%,恒指跌超1.5%,新东方跌近10%。","content":"<p>On August 17, the Hang Seng Technology Index fell by more than 3%, and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>Fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hang Seng Index fell more than 1.5%, New Oriental fell nearly 10%\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\">2021-08-17 13:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 17, the Hang Seng Technology Index fell by more than 3%, and the Hang Seng Index fell by more than 1.5%.<a href=\"https://laohu8.com/S/09901\">New Oriental</a>Fell nearly 10%.<img src=\"https://static.tigerbbs.com/ded08728975191b888c9bda4a4129550\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"513600":"恒生指数ETF","HSI":"恒生指数","02833":"恒指ETF","EDU":"新东方","HSTECH":"恒生科技指数","09901":"新东方-S"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160450308","content_text":"8月17日讯,恒生科技指数跌超3%,恒指跌超1.5%,新东方跌近10%。","news_type":1,"symbols_score_info":{"513600":0.9,"MCHmain":0.9,"HSTECH":0.9,"HSI":0.9,"HSImain":0.9,"EDU":0.9,"02833":0.9,"MHImain":0.9,"09901":0.9,"HHImain":0.9}},"isVote":1,"tweetType":1,"viewCount":2462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896931133,"gmtCreate":1628550746322,"gmtModify":1703507828316,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896931133","repostId":"1115482984","repostType":4,"repost":{"id":"1115482984","kind":"news","pubTimestamp":1628514002,"share":"https://ttm.financial/m/news/1115482984?lang=en_US&edition=fundamental","pubTime":"2021-08-09 21:00","market":"us","language":"zh","title":"Rogers: The most brutal bear market in history may start at this time","url":"https://stock-news.laohu8.com/highlight/detail?id=1115482984","media":" 腾讯美股","summary":"罗杰斯说道:“2008年时,股市的问题主要是在于,我们背负了太多债务。可是,2008年之后直至今天,债务更火箭一般窜升。因此,下一次我们遇到熊市时,只能比那次严酷得多。”\n\n现在,债券已经处在泡沫当中","content":"<p><b><i>Rogers said: \"In 2008, the main problem with the stock market was that we had too much debt. However, after 2008 and until today, the debt has soared like a rocket. Therefore, the next time we encounter a bear market, it can only be much harsher than that time.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now, bonds are in a bubble, and many stocks are beginning to bubble, as are the housing markets in South Korea, New Zealand and many other places. Only commodity prices are still cheap. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will make history All previous bear markets eclipsed.</p><p>The following is the full text of the interview:</p><p>Q: Recently, one of the biggest news is that the American business community has become more cautious in the face of the Delta variant virus. Amazon, for example, has delayed the schedule for employees to return to work. However, it seems that the market doesn't agree with the new threat of the epidemic at all.</p><p>A: We have all seen that in almost any market in the world, prices have risen above the sky. This is unprecedented because central banks all over the world print so much money. I'm not an expert in timing, but I'm sure everything will come to an end in the next few months. We will witness a scene like never before.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to epidemic-related news. For example, crude oil prices responded immediately. Is the epidemic likely to bring a domino effect to raw material prices, inflation, and even corporate profits?</p><p>A: In fact, the cheapest asset category in the world at present is commodities. Bond markets all over the world are already in bubbles. Stock markets are also beginning to form bubbles in many places. The housing market in South Korea, New Zealand and many other places has also frothed. However, the goods are still cheap. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. Of course, I can't predict the specific changes in oil prices this week, but given that known reserves continue to decline and the fracking bubble has burst, I think the oil market is expected to show strength in the coming months. Every day and every week are difficult to predict, but we all know that oil prices have dropped a lot compared with their all-time highs.</p><p>Q; You said decreasing reserves, bursting fracking bubble, these are all supply side factors, but what is the outlook for the demand side? The world is moving towards electric vehicles and the like, gradually moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It's true that the future of our world belongs to electric vehicles. This is already clear, but the whole process will take a long time. Henry Ford's wife owns an electric car. She doesn't like internal combustion engines and firmly believes that electric cars mark the future, but speaking of it, it was more than a hundred years ago. Yes, real electric vehicles have arrived, but changes cannot be completed overnight. At the same time, oil reserves continue to decline. Of course, I don't mean to ask everyone to speculate in oil quickly, but I really haven't given up hope for oil prices.</p><p>Q: So what do you think of the long-term prospects for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, there is a 50% gap between oil prices and historical highs, while the world's proven reserves continue to decline. The fracking bubble burst, while reserves were dwindling at the same time. In view of this, I wouldn't be surprised at all if oil prices rose sharply in the next two or three years because of the relationship between supply and demand. Let's keep in mind that there are two sides to the coin. Electric vehicles are indeed developing, but it will take time, as the old Ford's wife has proved.</p><p>Q: What about agricultural commodities, especially canteens? This also has something to do with the removal of fossil energy. Indian Prime Minister Narendra Modi is now pushing for fuel ethanol vehicles. He hopes that by 2025, all vehicle fuels can be mixed with 80% ethanol. What do you think of the prospect of sugar?</p><p>A: Speaking of ethanol fuel vehicles, Brazilians are already working hard to develop them. Americans are also developing using corn as raw material. Produce-based fuels are perfectly feasible. We will have more electric vehicles, which will benefit the prices of many commodities. Electric cars require several times more copper, lead, and nickel than ordinary cars. Similarly, cars fueled by sugar or corn or other agricultural products will also greatly increase the demand for corresponding commodities. The use of oil is declining. There are many ways to trade commodities, and as mentioned earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull on silver and gold. Let's review what has happened in the past two short weeks. The real yield of U.S. Treasury Bond has fallen to a new low, and the performance of the US Dollar Index has also been sluggish. It seems that everything is ready for the gold price rise, and it only owes the east wind, but the rise has not happened. What do you think of this?</p><p>A: I haven't bought silver or gold recently, but I want to emphasize again that I am not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Compared with the historical high, the current price of silver is 50% lower, while the distance of gold is only 10%. In short, of course, I won't buy at the moment, but when I buy again, I probably buy much more silver than gold.</p><p>Q: Do you still think that the US dollar is a safe haven as in the past, or have you discovered other asset categories that are better than the US dollar as a safe haven?</p><p>A: I still hold dollars. Before the recent rally, the dollar had been lower for some time. When things go wrong, people will look for safe havens. I estimate that they will invest dollars in return at least once or twice in the next time. However, we must know that in history, no reserve currency can maintain this status for one hundred or one hundred and fifty years. The dollar has had that status for some time now, and maybe it's almost coming to an end. Of course, this won't happen this year, nor is it likely to happen in two or three years, but considering the staggering debt burden of the United States, this position of the US dollar is actually very fragile.</p><p>Who can replace the US dollar? I didn't know. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar now. Of course, everyone is looking for competitors to the US dollar. After all, the United States is already the number one debtor country in global history.</p><p>Q: What is your judgment on the future direction of interest rates? Under the threat of high inflation prospects, how long can the current low interest rate policies of global central banks continue?</p><p>A: Bonds are obviously in a bubble. Bonds have never been so expensive in our known world history, and we need to see that we are about to face higher interest rates. The central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but debt is piling up everywhere. The supply of debt is staggering, and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there's no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but there will always be no run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will exist longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant virus outbreak, and the US Federal Reserve has also said that rate hike is still far away. Things afterwards. What do you think? Has the market begun to perceive the potential of a rate hike, and does this mean that the stock market is approaching its peak?</p><p>A: Sooner or later, the market will tell the central bank that we don't care, just add the rate hike. The market will always regain control of interest rates, and at that time, all stocks, real estate, loans, etc. will encounter major trouble, because after the market gets control, interest rates will become very high. I have already said that the supply of bonds is amazingly large now, and more bonds will come to the market in the future. Inflation is here too. These are the most basic fundamentals that will drive interest rates higher. As for central banks, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will encounter the worst bear market of my life.</p><p>In 2008, the main problem with the stock market was that we were burdened with too much debt. However, since 2008 and until today, the debt has soared like a rocket. So the next time we encounter a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, the performance of emerging markets has not been as good as that of developed countries. What do you think is causing this? Also, what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate at the edge of the market, where people don't pay much attention to it. We have now seen some banks in emerging markets and some small countries in trouble. In 2008, when Lehman Brothers went bankrupt, everyone knew the trouble was coming, but in fact, before that, the problem had been brewing in many markets around the world for months. However, although there are signs of problems, I haven't sold my stocks now, because there are still many stocks in many markets around the world that are not bubbled.</p><p>My expectation is that eventually everything will enter the bubble phase, but that may not be until later this year, or 2022, when it will also be the time for the finale, and we will encounter a terrible bear market. I'm not a doomsday prophet. I just want to say that the scale of debt today is even more alarming than it has been in 2008, and the next bear market will eclipse all other bear markets in history.</p>","source":"txmg","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>Rogers: The most brutal bear market in history may start at this 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\">\nRogers: The most brutal bear market in history may start at this time\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 腾讯美股</strong><span class=\"h-time small\">2021-08-09 21:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b><i>Rogers said: \"In 2008, the main problem with the stock market was that we had too much debt. However, after 2008 and until today, the debt has soared like a rocket. Therefore, the next time we encounter a bear market, it can only be much harsher than that time.\"</i></b></p><p><img src=\"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"></p><p>Now, bonds are in a bubble, and many stocks are beginning to bubble, as are the housing markets in South Korea, New Zealand and many other places. Only commodity prices are still cheap. In a recent interview, legendary investor Jim Rogers discussed his views on commodity investment and predicted that by the end of 2021 or 2022, everything will be completely bubbled, and the ensuing bear market will make history All previous bear markets eclipsed.</p><p>The following is the full text of the interview:</p><p>Q: Recently, one of the biggest news is that the American business community has become more cautious in the face of the Delta variant virus. Amazon, for example, has delayed the schedule for employees to return to work. However, it seems that the market doesn't agree with the new threat of the epidemic at all.</p><p>A: We have all seen that in almost any market in the world, prices have risen above the sky. This is unprecedented because central banks all over the world print so much money. I'm not an expert in timing, but I'm sure everything will come to an end in the next few months. We will witness a scene like never before.</p><p>Q: Unlike stocks, commodity prices seem to be more sensitive to epidemic-related news. For example, crude oil prices responded immediately. Is the epidemic likely to bring a domino effect to raw material prices, inflation, and even corporate profits?</p><p>A: In fact, the cheapest asset category in the world at present is commodities. Bond markets all over the world are already in bubbles. Stock markets are also beginning to form bubbles in many places. The housing market in South Korea, New Zealand and many other places has also frothed. However, the goods are still cheap. The price of silver is 50% lower than its all-time high, and the price of oil is 50% lower. Of course, I can't predict the specific changes in oil prices this week, but given that known reserves continue to decline and the fracking bubble has burst, I think the oil market is expected to show strength in the coming months. Every day and every week are difficult to predict, but we all know that oil prices have dropped a lot compared with their all-time highs.</p><p>Q; You said decreasing reserves, bursting fracking bubble, these are all supply side factors, but what is the outlook for the demand side? The world is moving towards electric vehicles and the like, gradually moving away from fossil fuels. Doesn't this mean that the fundamentals of oil can no longer be so strong?</p><p>A: It's true that the future of our world belongs to electric vehicles. This is already clear, but the whole process will take a long time. Henry Ford's wife owns an electric car. She doesn't like internal combustion engines and firmly believes that electric cars mark the future, but speaking of it, it was more than a hundred years ago. Yes, real electric vehicles have arrived, but changes cannot be completed overnight. At the same time, oil reserves continue to decline. Of course, I don't mean to ask everyone to speculate in oil quickly, but I really haven't given up hope for oil prices.</p><p>Q: So what do you think of the long-term prospects for oil prices? Under what circumstances will you decide that the crude oil game has really come to an end?</p><p>Many alternative energy sources have come to us, especially solar energy, wind energy, tidal energy, etc., but it will take a long time for these to really develop. As I said earlier, there is a 50% gap between oil prices and historical highs, while the world's proven reserves continue to decline. The fracking bubble burst, while reserves were dwindling at the same time. In view of this, I wouldn't be surprised at all if oil prices rose sharply in the next two or three years because of the relationship between supply and demand. Let's keep in mind that there are two sides to the coin. Electric vehicles are indeed developing, but it will take time, as the old Ford's wife has proved.</p><p>Q: What about agricultural commodities, especially canteens? This also has something to do with the removal of fossil energy. Indian Prime Minister Narendra Modi is now pushing for fuel ethanol vehicles. He hopes that by 2025, all vehicle fuels can be mixed with 80% ethanol. What do you think of the prospect of sugar?</p><p>A: Speaking of ethanol fuel vehicles, Brazilians are already working hard to develop them. Americans are also developing using corn as raw material. Produce-based fuels are perfectly feasible. We will have more electric vehicles, which will benefit the prices of many commodities. Electric cars require several times more copper, lead, and nickel than ordinary cars. Similarly, cars fueled by sugar or corn or other agricultural products will also greatly increase the demand for corresponding commodities. The use of oil is declining. There are many ways to trade commodities, and as mentioned earlier, commodities are the cheapest of all major assets so far in 2021.</p><p>Q: You've been a long-time bull on silver and gold. Let's review what has happened in the past two short weeks. The real yield of U.S. Treasury Bond has fallen to a new low, and the performance of the US Dollar Index has also been sluggish. It seems that everything is ready for the gold price rise, and it only owes the east wind, but the rise has not happened. What do you think of this?</p><p>A: I haven't bought silver or gold recently, but I want to emphasize again that I am not a good trader. I am still waiting for the consolidation of silver and gold to deepen further. If I had to buy now, I would buy more silver than gold. Compared with the historical high, the current price of silver is 50% lower, while the distance of gold is only 10%. In short, of course, I won't buy at the moment, but when I buy again, I probably buy much more silver than gold.</p><p>Q: Do you still think that the US dollar is a safe haven as in the past, or have you discovered other asset categories that are better than the US dollar as a safe haven?</p><p>A: I still hold dollars. Before the recent rally, the dollar had been lower for some time. When things go wrong, people will look for safe havens. I estimate that they will invest dollars in return at least once or twice in the next time. However, we must know that in history, no reserve currency can maintain this status for one hundred or one hundred and fifty years. The dollar has had that status for some time now, and maybe it's almost coming to an end. Of course, this won't happen this year, nor is it likely to happen in two or three years, but considering the staggering debt burden of the United States, this position of the US dollar is actually very fragile.</p><p>Who can replace the US dollar? I didn't know. Yes, many people, including me, have invested in silver, but I still don't know which currency in the world can replace the US dollar now. Of course, everyone is looking for competitors to the US dollar. After all, the United States is already the number one debtor country in global history.</p><p>Q: What is your judgment on the future direction of interest rates? Under the threat of high inflation prospects, how long can the current low interest rate policies of global central banks continue?</p><p>A: Bonds are obviously in a bubble. Bonds have never been so expensive in our known world history, and we need to see that we are about to face higher interest rates. The central banks will rack their brains to keep interest rates as low as possible, but sooner or later the market will say we don't care anymore and we don't want to play this game anymore.</p><p>Central bankers want to keep interest rates as low as possible, but debt is piling up everywhere. The supply of debt is staggering, and inflation is coming. All these fundamentals point to interest rates. I'm not buying or shorting now, but there's no doubt that interest rates will have to go higher sooner or later, maybe not this quarter, but there will always be no run in the next two or three years.</p><p>Q: As we all know, the European Central Bank has made it clear that negative interest rates will exist longer, the Bank of England has also said that it is difficult for them to turn hawkish given the troubles of the Delta variant virus outbreak, and the US Federal Reserve has also said that rate hike is still far away. Things afterwards. What do you think? Has the market begun to perceive the potential of a rate hike, and does this mean that the stock market is approaching its peak?</p><p>A: Sooner or later, the market will tell the central bank that we don't care, just add the rate hike. The market will always regain control of interest rates, and at that time, all stocks, real estate, loans, etc. will encounter major trouble, because after the market gets control, interest rates will become very high. I have already said that the supply of bonds is amazingly large now, and more bonds will come to the market in the future. Inflation is here too. These are the most basic fundamentals that will drive interest rates higher. As for central banks, they have lost control many times in the past, and this time they will eventually lose it. By then, the stock market will encounter the worst bear market of my life.</p><p>In 2008, the main problem with the stock market was that we were burdened with too much debt. However, since 2008 and until today, the debt has soared like a rocket. So the next time we encounter a bear market, it can only be much harsher than that one.</p><p>Q: We have seen that so far this year, the performance of emerging markets has not been as good as that of developed countries. What do you think is causing this? Also, what do higher interest rates mean for emerging markets and developed countries?</p><p>These things often originate at the edge of the market, where people don't pay much attention to it. We have now seen some banks in emerging markets and some small countries in trouble. In 2008, when Lehman Brothers went bankrupt, everyone knew the trouble was coming, but in fact, before that, the problem had been brewing in many markets around the world for months. However, although there are signs of problems, I haven't sold my stocks now, because there are still many stocks in many markets around the world that are not bubbled.</p><p>My expectation is that eventually everything will enter the bubble phase, but that may not be until later this year, or 2022, when it will also be the time for the finale, and we will encounter a terrible bear market. I'm not a doomsday prophet. I just want to say that the scale of debt today is even more alarming than it has been in 2008, and the next bear market will eclipse all other bear markets in history.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ\"> 腾讯美股</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a8632dfa3f7d3fb56cea770ea3ec93e9","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/ZQHN04kynwSMO59PKBpggQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115482984","content_text":"罗杰斯说道:“2008年时,股市的问题主要是在于,我们背负了太多债务。可是,2008年之后直至今天,债务更火箭一般窜升。因此,下一次我们遇到熊市时,只能比那次严酷得多。”\n\n现在,债券已经处在泡沫当中,而许多股票也开始泡沫化,同样泡沫化的还有韩国、新西兰和许多其他地方的房市,唯有大宗商品价格还算低廉。近日接受采访时,传奇投资人罗杰斯(Jim Rogers)讨论了自己对商品投资的看法,并预言说,到2021年底或者2022年,所有一切都将彻底泡沫化,而接踵而至的熊市将令史上之前的所有熊市黯然失色。\n以下即访谈全文:\n问:近期,最重大的新闻之一就是,面对德尔塔变种病毒的来袭,美国企业界变得更加谨慎了。比如,亚马逊已经推迟了员工返回工作的时间表。可是看上去,市场似乎对疫情的全新威胁根本不以为然。\n答:我们都已经看到了,几乎世界任何地方的市场,价格都涨破了天际。这堪称是史无前例,因为全世界的央行印出了这么多的钞票。我并不是什么选时操作的行家里手,但是我确信,一切都会在未来几个月画上句号。我们将目睹前所未有的一幕。\n问:与股票有所不同,商品价格看上去对于疫情相关新闻更加敏感一些,比如原油价格当即就做出了反应。疫情是否可能会给原材料价格、通货膨胀,乃至企业盈利带去一场骨牌效应?\n答:事实上,当前全世界价格最低廉的资产门类正是大宗商品。全世界的债市都已经处在泡沫当中。许多地方的股市也开始形成泡沫。韩国、新西兰和不少其他地方的房市也泡沫化了。不过,商品依然廉价。银的价格与历史最高点相比低了50%,石油价格也低了50%。我当然预测不了油价本周的具体变化,不过鉴于已知的储量持续减少,而压裂泡沫已经破灭,因此我觉得,未来几个月来说,石油市场预计还会呈现出强势。每一天每一周的情况难以预测,但是我们都知道,油价与历史最高点相比已经下跌了很多。\n问;你说储量减少,压裂泡沫破灭,这些都是供应面因素,但是需求面前景如何呢?这个世界正在转向电动汽车之类,逐渐远离化石燃料。难道这不是说明,石油的基本面已经不可能再那么强势了吗?\n答:确实,我们这个世界的未来属于电动汽车,这已经很清楚了,但是整个过程还需要很长的时间。老福特(Henry Ford)的太太就有一部电动汽车,她不喜欢内燃机,坚信电动汽车才标志着未来,但是说起来,那都是一百多年前的事情了。是的,真正意义上的电动汽车已经来了,但是变化也不可能一夜间完成。与此同时,石油储备还在持续下滑。我的意思当然不是要大家都赶快去炒石油,但是我对于石油价格确实没有放弃希望。\n问:那么你对油价的长期前景怎么看?到了怎样的情况下,你才会认定原油游戏真的到了落幕的时候?\n许多替代性能源都来到了我们面前,尤其是太阳能、风能、潮汐能等,但是这些真正发展起来都需要很长时间。我前面说了,油价距离历史最高点有50%的差距,而全世界的已探明储量都在持续下滑。压裂法的泡沫破灭了,而储量同时在减少。有鉴于此,如果油价因为供求关系的缘故在未来两三年内大涨,我是丝毫不会感到吃惊的。我们要记住,硬币是有两面的。电动汽车确实在发展,但是这需要时间,老福特的太太已经证明了这一点。\n问:农业大宗商品,尤其是食堂的情况怎样?这也和去化石能源有一定关系。印度总理莫迪现在正力推燃料乙醇汽车,他希望到2025年,所有的汽车燃料都能够混合80%乙醇。你对食糖的前景怎么看?\n答:说起乙醇燃料汽车,巴西人已经在努力发展了。美国人也在以玉米为原料开发。基于农产品的燃料完全是可行的。我们将拥有更多电动汽车,后者将令许多大宗商品的价格从中获益。电动汽车需要的铜、铅、镍都要数倍于普通汽车。同理,以食糖或者玉米或者其他农产品为燃料的汽车,也会令相应商品需求大增。石油的使用则是递减的态势。要交易大宗商品,我们有许多方法可以选择,而且还是前面说的那句话,大宗商品是2021年迄今为止所有主要资产当中价格最为低廉的。\n问:你一直是白银和黄金的长期牛派。让我们来回顾一下过去短短两周时间都发生了什么。美国国债的真实收益率跌到了新低,美元指数表现也很低迷。看上去,黄金价格涨势已经是万事俱备,只欠东风了,但是涨势却没有发生。你对此怎么看?\n答:我最近白银和黄金两者都没有买进,但是我要再强调一下,我不是一个好的交易者。我还在等待白银和黄金的盘整行情进一步深化。如果非要我现在就买进,与黄金相比,我会更多买进白银。白银较之历史最高点,当前的价位低了50%,而黄金的距离只有10%。总之,我在当下当然是都不会买进的,但是当我再度买进,我买进的白银估计要比黄金多得多。\n问:你还是像过去那样,认为美元是一个避风港,或者是你已经发现了其他的资产门类,后者作为避风港比美元更加出色?\n答:我依然持有美元。在近期的涨势前,美元已经走低了一段时间。当局面出现问题,人们就会去寻找避风港,我估计,他们至少未来一两次之内,还会投入美元的回报。只不过,我们必须知道,历史上,没有任何一种储备货币能够持续保持这种身份一百年或者一百五十年。美元拥有这种身份已经一段时间了,也许一切已经快到了尾声了。当然,这不会在今年发生,也不大可能在两三年内,但是考虑到美国债务负担如此惊人,美元的这个地位其实已经很脆弱了。\n谁能够代替美元?我并不知道。是的,包括我在内,许多人都投资了白银,但是我依然不知道现在世界上有哪种货币可以取代美元。当然,大家都在寻找美元的竞争对手,毕竟美国已经是全球历史上的头号债务国。\n问:你对利率未来的走向有何判断?在高通货膨胀前景的威胁之下,全球央行当下的低利率政策还能够延续多久?\n答:债券显然是处在泡沫当中的。在我们已知的世界历史上,债价从未如此昂贵,而且还需要看到,我们即将面对更高的利率。各大央行会绞尽脑汁,尽可能保持低利率,但是市场迟早会说我们不在乎了,我们不想再玩这场游戏了。\n央行银行家们想要尽可能保持低利率,但是各处都已经债如山积。债务供应量惊人,通货膨胀就要来了。所有这些基本面都指向了利率,我现在不买进也不做空,但是毫无疑问,利率迟早必须走高,也许不是这个季度,但是未来两三年里总是没有跑的。\n问:众所周知,欧洲央行已经明确表示,负利率将存在更长时间,英国央行也说,鉴于德尔塔变种病毒疫情爆发的麻烦,他们很难转向鹰派,而美国联储也表示,加息还是很远之后的事情。你觉得呢?市场是否已经开始感知到加息的潜在可能,而这是否意味着股市正在接近顶点?\n答:迟早会有那么一天,市场将告诉央行说,我们不在乎,该加息就加吧。市场总会重新获得利率的控制权,而到那时候,所有的股票、房地产、贷款等就将遇到重大的麻烦,因为市场得到控制权之后,利率将变得非常高。我已经说了,现在债券的供应量大到惊人,而且未来还将有更多债券来到市场上。通货膨胀也在这里了。这些都是最基本的基本面,将会推动利率走高。至于央行,他们过去也曾经多次失去控制权,而这一次最终也将失去,到那时候,股市就将遭遇我一生时间当中最可怕的熊市了。\n2008年时,股市的问题主要是在于,我们背负了太多债务。可是,2008年之后直至今天,债务更火箭一般窜升。因此,下一次我们遇到熊市时,只能比那次严酷得多。\n问:我们看到,今年迄今为止,新兴市场的表现是不及发达国家的。你觉得这是什么造成的?还有,更高的利率对于新兴市场和发达国家又各自意味着什么?\n这些事情往往都缘起于市场的边缘,人们不怎么重视的地方。我们现在已经看到新兴市场的一些银行和一些小国家遇到麻烦。2008年的时候,雷曼兄弟破产了,所有人就都知道麻烦来了,但是实际上,在那之前,问题已经在世界许多市场上酝酿了数月之久了。不过,虽然出现了问题的迹象,但是我现在并没有因此卖掉股票,因为在世界许多市场上,依然有不少股票并没有泡沫化。\n我的预期是,最终所有一切都会进入泡沫阶段,但是那也许要等到今年晚些时候,或者是2022年,那时也将是大结局到来的时间,我们将遭遇一场可怕的大熊市。我不是什么末日预言家,我只是要说,今天的债务规模比起2008年来还要更加惊人,而下一次熊市将令历史上所有其他熊市黯然失色。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896997939,"gmtCreate":1628550605621,"gmtModify":1703507822529,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896997939","repostId":"1109758241","repostType":4,"repost":{"id":"1109758241","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":1628519607,"share":"https://ttm.financial/m/news/1109758241?lang=en_US&edition=fundamental","pubTime":"2021-08-09 22:33","market":"us","language":"zh","title":"[Change] Popular Chinese concept stocks rose sharply, and Keike rose by more than 14%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109758241","media":"老虎资讯综合","summary":"8月9日,贝壳盘中涨幅扩大至14%,其它热门中概股中,网易涨超6%,高途、拼多多涨超4%,新东方涨超3%,京东、哔哩哔哩涨超2%。","content":"<p>August 9th,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>The intraday increase expanded to 14%. Among other popular Chinese concept stocks,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up more than 6%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 3%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></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>[Change] Popular Chinese concept stocks rose sharply, and Keike rose by more than 14%</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[Change] Popular Chinese concept stocks rose sharply, and Keike rose by more than 14%\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\">2021-08-09 22:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>August 9th,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>The intraday increase expanded to 14%. Among other popular Chinese concept stocks,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up more than 6%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose more than 4%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Rose more than 3%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 2%.</p><p><img src=\"https://static.tigerbbs.com/20bd24bdf387643c38ec0fbfa338eaa9\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","BEKE":"贝壳","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109758241","content_text":"8月9日,贝壳盘中涨幅扩大至14%,其它热门中概股中,网易涨超6%,高途、拼多多涨超4%,新东方涨超3%,京东、哔哩哔哩涨超2%。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BEKE":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":2127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110111346,"gmtCreate":1622429920885,"gmtModify":1704184290704,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110111346","repostId":"1173566565","repostType":4,"repost":{"id":"1173566565","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":1622424049,"share":"https://ttm.financial/m/news/1173566565?lang=en_US&edition=fundamental","pubTime":"2021-05-31 09:20","market":"hk","language":"zh","title":"Opening: The Hang Seng Technology Index opened up 1%, and Meituan opened 4% higher after the results","url":"https://stock-news.laohu8.com/highlight/detail?id=1173566565","media":"老虎资讯综合","summary":"5月31日,恒指小幅开涨,恒生指数开盘上涨101.05点,涨幅0.35%,报29225.46点;国企指数开盘上涨69.33点,涨幅0.64%,报10862.88点;红筹指数开盘下跌52.39点,跌幅1","content":"<p>On May 31, the Hang Seng Index opened slightly higher, and the Hang Seng Index opened up 101.05 points, or 0.35%, to 29225.46 points; The State Enterprise Index opened up 69.33 points, or 0.64%, to 10862.88 points; The red chip index opened down 52.39 points, or 1.26%, to 4115.7 points.</p><p>The Hang Seng Technology Index opened up 1%, and Hong Kong technology and Internet stocks strengthened.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Rose more than 4%,<a href=\"https://laohu8.com/S/09626\">Bilibili-SW</a>Up more than 2%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>(up nearly 2%,<a href=\"https://laohu8.com/S/09888\">Baidu-SW</a>、<a href=\"https://laohu8.com/S/09618\">Jingdong Group-SW</a>Up more than 1%.</p><p>Hong Kong anti-epidemic concept stocks strengthened,<a href=\"https://laohu8.com/S/600196\">Fosun Pharma</a>、<a href=\"https://laohu8.com/S/00460\">Sihuan Pharmaceutical</a>Up more than 2%,<a href=\"https://laohu8.com/S/688185\">CanSino</a>Biology rose more than 1%.</p><p><a href=\"https://laohu8.com/S/03690\">Meituan-W</a>It opened up more than 4%. The company said it was committed to addressing the antitrust concerns of regulators, and its first-quarter revenue exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/09982\">Zhongyuan Jianye</a>It broke on the first day of listing and opened down more than 16% to HK $2.5; The issue price is HK $3/share.</p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>It fell by nearly 15%. The accounts receivable of the holding subsidiary communication company are generally overdue, and there is a significant risk of loss.</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 Technology Index opened up 1%, and Meituan opened 4% higher after the results</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 Technology Index opened up 1%, and Meituan opened 4% higher after the results\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-31 09:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 31, the Hang Seng Index opened slightly higher, and the Hang Seng Index opened up 101.05 points, or 0.35%, to 29225.46 points; The State Enterprise Index opened up 69.33 points, or 0.64%, to 10862.88 points; The red chip index opened down 52.39 points, or 1.26%, to 4115.7 points.</p><p>The Hang Seng Technology Index opened up 1%, and Hong Kong technology and Internet stocks strengthened.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Rose more than 4%,<a href=\"https://laohu8.com/S/09626\">Bilibili-SW</a>Up more than 2%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>(up nearly 2%,<a href=\"https://laohu8.com/S/09888\">Baidu-SW</a>、<a href=\"https://laohu8.com/S/09618\">Jingdong Group-SW</a>Up more than 1%.</p><p>Hong Kong anti-epidemic concept stocks strengthened,<a href=\"https://laohu8.com/S/600196\">Fosun Pharma</a>、<a href=\"https://laohu8.com/S/00460\">Sihuan Pharmaceutical</a>Up more than 2%,<a href=\"https://laohu8.com/S/688185\">CanSino</a>Biology rose more than 1%.</p><p><a href=\"https://laohu8.com/S/03690\">Meituan-W</a>It opened up more than 4%. The company said it was committed to addressing the antitrust concerns of regulators, and its first-quarter revenue exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/09982\">Zhongyuan Jianye</a>It broke on the first day of listing and opened down more than 16% to HK $2.5; The issue price is HK $3/share.</p><p><a href=\"https://laohu8.com/S/02727\">Shanghai Electric</a>It fell by nearly 15%. The accounts receivable of the holding subsidiary communication company are generally overdue, and there is a significant risk of loss.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"513600":"恒生指数ETF","QNETCN":"纳斯达克中美互联网老虎指数","HSI":"恒生指数","02727":"上海电气","02833":"恒指ETF","HSCCI":"红筹指数","03690":"美团-W","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173566565","content_text":"5月31日,恒指小幅开涨,恒生指数开盘上涨101.05点,涨幅0.35%,报29225.46点;国企指数开盘上涨69.33点,涨幅0.64%,报10862.88点;红筹指数开盘下跌52.39点,跌幅1.26%,报4115.7点。恒生科技指数开涨1%,港股科网股走强,网易-S涨超4%,哔哩哔哩-SW涨超2%,腾讯控股(涨近2%,百度-SW、京东集团-SW涨超1%。港股抗疫概念股走强,复星医药、四环医药涨超2%,康希诺生物涨超1%。美团-W开涨超4%,公司称致力于解决监管机构的反垄断关切,第一季度营收超过市场预期。中原建业上市首日破发,开跌超16%,报2.5港元;发行价3港元/股。上海电气跌近15%,控股子公司通讯公司应收账款普遍逾期,存在重大损失风险。","news_type":1,"symbols_score_info":{"513600":0.9,"HSImain":0.9,"02727":0.9,"HSI":0.9,"03690":0.9,"HHImain":0.9,"MCHmain":0.9,"HSTECH":0.9,"HSCCI":0.9,"HSCEI":0.9,"QNETCN":0.9,"02833":0.9,"MHImain":0.9}},"isVote":1,"tweetType":1,"viewCount":1599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328451188,"gmtCreate":1615554349544,"gmtModify":1704784472527,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328451188","repostId":"1133702203","repostType":4,"repost":{"id":"1133702203","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":1615537186,"share":"https://ttm.financial/m/news/1133702203?lang=en_US&edition=fundamental","pubTime":"2021-03-12 16:19","market":"us","language":"zh","title":"JD.com was unanimously optimistic by major banks after its financial report, and it is expected that it will still grow strongly this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1133702203","media":"老虎资讯综合","summary":"周四,京东集团发布了2020年四季度及全年财报:京东第四季度净营收2243亿元,同比增长31.4%;2020年全年,京东实现营收7458亿元,市场预期7405.8亿元;实现净利润494.05亿元,市场","content":"<p>Thursday,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group released its financial report for the fourth quarter and full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.com achieved revenue of 745.8 billion yuan, compared with market expectations of 740.58 billion yuan; Achieved a net profit of 49.405 billion yuan, compared with market expectations of 25.146 billion yuan.</p><p>On that day, JD.com's U.S. stocks opened higher and moved lower, closing slightly up 0.76%; Today, JD.com's Hong Kong stocks opened higher and then fell all the way, falling more than 6% during the session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Consensus rating is bullish</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>Performance comments</b></p><p></td><td><b>Ratings</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition. We are optimistic about the company's prospects.</p><p></td><td>BUY</p><p></td><td>US $110 (HK $426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.com's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down profit performance and may trouble investors in the short term.</p><p></td><td>Overweight</p><p></td><td>US $92 (HK $359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.com's performance last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Overweight</p><p></td><td>US $110 (HK $426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although profit margins are under pressure in the short term, they are still optimistic about the company's strong supply chain and technical capabilities.</p><p></td><td>BUY</p><p></td><td>3.0% increased to US $104 (HK $402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.com will control investment expenditures, and the current gross profit margin of its core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p></td><td>BUY</p><p></td><td>Increased 4.8% to US $110 (HK $429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is estimated that JD.com's revenue in the first quarter of this year will increase by 28% year-on-year, mainly due to the policy of \"celebrating the Chinese New Year on the spot\" and the rapid expansion in the fast-moving consumer goods and online grocery markets.</p><p></td><td>BUY</p><p></td><td>HK $465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of JD.com's community group buying business and its gross profit margin this year.</p><p></td><td>BUY</p><p></td><td>Raised by 2.6% to US $120 (HK $468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that its revenue will grow strongly by 27% this year.</p><p></td><td>BUY</p><p></td><td>US $109 (HK $424)</p><p></td></tr></tbody></table><b>Performance expectations are good</b></p><p><b>Morgan Stanley: Worries New Business Drag On Profits</b></p><p>According to the research report published by Morgan Stanley, JD.com's performance in the fourth quarter of last year was mixed. Among them, the profit calculated based on non-GAAP exceeded expectations, and the user growth was healthy. However, the gross profit margin and operating profit margin were both worse than expected. It is estimated that the company's revenue growth in the first quarter was strong, but new business investment may drag down profit performance and trouble investors in the short term.</p><p>It is also worth noting that the annual active users increased by 30.4% to 472 million, of which a net increase of 30 million in the fourth quarter was faster than that in the third quarter.</p><p>It is estimated that JD.com's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down profit performance and may trouble investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: The gross profit margin of the core e-commerce business has improved, but short-term stock prices may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.com's decision to invest in community group buying will put pressure on stock prices in the short term, predicting that investors will take a wait-and-see attitude because they are uncertain whether JD.com can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.com will control investment expenditures, and the current gross profit margin of JD.com's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's American Depositary Receipts from US $105 to US $110, maintaining a buy rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition</b></p><p>Jefferies pointed out that JD.com's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.com has already achieved scale in multiple projects, and the reorganization of Jingxi's business and community group buying investment are very important to the company's long-term development.</p><p>The bank believes that JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition, and is optimistic about the company's prospects. The bank gave JD.com a buy rating, with a target price of US $110 for American depositary receipts and a target price of HK $426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continue to grow at a high rate, and net profit margin steadily increases</b></p><p>Bank of Communications International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), a year-on-year increase of 31%, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period in 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and investment value, although profit margins are under pressure in the short term, we are still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank predicts that the company's self-operated revenue in the first quarter will increase by 28% year-on-year, and the \"New Year on-site\" policy during the Spring Festival will bring strong growth in GMV. Management expects gross profit margin to remain stable and category structure to continue to improve in 2021, but it is offset by investments in logistics infrastructure, especially in lower-tier cities. Considering continuous infrastructure investment and marketing expenditure to further improve users' purchasing mentality, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected user growth momentum to remain strong</b></p><p>Daiwa released a research report on JD.com, saying that it expects the company's user growth momentum to remain strong this year, and its ARPU will also rise, which will cause the bank and the market to raise its 2021 revenue forecast, which will also witness<a href=\"https://laohu8.com/S/JD\">JD.com</a>Gain further market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year. Its daily active users in the fourth quarter of last year increased by 30% year-on-year, of which more than 80% of new users came from low-tier cities. Revenue in the first quarter of this year is expected to increase by 28% year-on-year, mainly due to the government's \"Chinese New Year in situ\" policy during the Lunar New Year and JD.com's rapid expansion in the fast-moving consumer goods and online grocery markets.</p><p><b>Nomura Securities: The company's retail valuation is $1,000</b></p><p>The Nomura Research Report mentioned that JD.com's non-GAAP earnings per share in the fourth quarter of last year rose 174% year-on-year, higher than the market and the bank's expectations, and its revenue rose 31% year-on-year, also higher than market expectations, mainly due to the company's retail and new business revenue. Driven by strong growth.</p><p>The bank said that for the e-commerce industry, this year is the year of investment, and the grocery business in the low-end market will become the main battlefield. The company has become a giant that can enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network, it is expected that this year's revenue will grow strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion US dollars.</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>JD.com was unanimously optimistic by major banks after its financial report, and it is expected that it will still grow strongly this year</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\">\nJD.com was unanimously optimistic by major banks after its financial report, and it is expected that it will still grow strongly this year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-12 16:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Thursday,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group released its financial report for the fourth quarter and full year of 2020: JD.com's net revenue in the fourth quarter was 224.3 billion yuan, a year-on-year increase of 31.4%; For the whole year of 2020, JD.com achieved revenue of 745.8 billion yuan, compared with market expectations of 740.58 billion yuan; Achieved a net profit of 49.405 billion yuan, compared with market expectations of 25.146 billion yuan.</p><p>On that day, JD.com's U.S. stocks opened higher and moved lower, closing slightly up 0.76%; Today, JD.com's Hong Kong stocks opened higher and then fell all the way, falling more than 6% during the session and closing down 4.82%.</p><p><img src=\"https://static.tigerbbs.com/7066e4833524baaa7b68f1bf1e785cbb\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/0a50dd4d5b83dfd8c5ec0a3742bc7964\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Regarding JD.COM's financial report and future trend, all major banks have expressed their views. Tiger Information has the following statistics for you:</p><p><b>Consensus rating is bullish</b></p><p><table><tbody><tr><td><b>organization</b></p><p></td><td><b>Performance comments</b></p><p></td><td><b>Ratings</b></p><p></td><td><b>Target Price</b></p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JEF\">Jefferies</a></b></p><p></td><td>JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition. We are optimistic about the company's prospects.</p><p></td><td>BUY</p><p></td><td>US $110 (HK $426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b></p><p></td><td>It is estimated that JD.com's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down profit performance and may trouble investors in the short term.</p><p></td><td>Overweight</p><p></td><td>US $92 (HK $359)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b></p><p></td><td>JD.com's performance last quarter was solid, so we need to pay attention to the management's performance guidance for the next quarter.</p><p></td><td>Overweight</p><p></td><td>US $110 (HK $426)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/03329\">BOCOM International</a></b></p><p></td><td>Although profit margins are under pressure in the short term, they are still optimistic about the company's strong supply chain and technical capabilities.</p><p></td><td>BUY</p><p></td><td>3.0% increased to US $104 (HK $402)</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/UBS\">UBS</a></b></p><p></td><td>It is believed that JD.com will control investment expenditures, and the current gross profit margin of its core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p></td><td>BUY</p><p></td><td>Increased 4.8% to US $110 (HK $429)</p><p></td></tr><tr><td><b>Daiwa Securities</b></p><p></td><td>It is estimated that JD.com's revenue in the first quarter of this year will increase by 28% year-on-year, mainly due to the policy of \"celebrating the Chinese New Year on the spot\" and the rapid expansion in the fast-moving consumer goods and online grocery markets.</p><p></td><td>BUY</p><p></td><td>HK $465</p><p></td></tr><tr><td><b><a href=\"https://laohu8.com/S/C\">Citigroup</a></b></p><p></td><td>Pay attention to the development of JD.com's community group buying business and its gross profit margin this year.</p><p></td><td>BUY</p><p></td><td>Raised by 2.6% to US $120 (HK $468)</p><p></td></tr><tr><td><b>Nomura</b></p><p></td><td>JD.com established Jingxi in the first quarter of this year to establish a supply chain and logistics network. It is expected that its revenue will grow strongly by 27% this year.</p><p></td><td>BUY</p><p></td><td>US $109 (HK $424)</p><p></td></tr></tbody></table><b>Performance expectations are good</b></p><p><b>Morgan Stanley: Worries New Business Drag On Profits</b></p><p>According to the research report published by Morgan Stanley, JD.com's performance in the fourth quarter of last year was mixed. Among them, the profit calculated based on non-GAAP exceeded expectations, and the user growth was healthy. However, the gross profit margin and operating profit margin were both worse than expected. It is estimated that the company's revenue growth in the first quarter was strong, but new business investment may drag down profit performance and trouble investors in the short term.</p><p>It is also worth noting that the annual active users increased by 30.4% to 472 million, of which a net increase of 30 million in the fourth quarter was faster than that in the third quarter.</p><p>It is estimated that JD.com's revenue growth in the first quarter of this year will be strong, but it is afraid that new business investment will drag down profit performance and may trouble investors in the short term.</p><p><b><a href=\"https://laohu8.com/S/UBS\">UBS</a>: The gross profit margin of the core e-commerce business has improved, but short-term stock prices may be under pressure, and revenue growth this year may be higher than expected</b></p><p>UBS said that JD.com's decision to invest in community group buying will put pressure on stock prices in the short term, predicting that investors will take a wait-and-see attitude because they are uncertain whether JD.com can compete with Meituan and<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Competition.</p><p>The bank believes that JD.com will control investment expenditures, and the current gross profit margin of JD.com's core e-commerce business has improved, and this year's revenue growth may be higher than expected.</p><p>The bank raised its target price on JD.com's American Depositary Receipts from US $105 to US $110, maintaining a buy rating.</p><p><b>Jefferies: JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition</b></p><p>Jefferies pointed out that JD.com's strong execution has been reflected in the acceleration of user growth, and most of the growth comes from lower-level cities. The bank pointed out that JD.com has already achieved scale in multiple projects, and the reorganization of Jingxi's business and community group buying investment are very important to the company's long-term development.</p><p>The bank believes that JD.com's existing operations have produced economies of scale, and its supply chain capabilities have outstanding performance under competition, and is optimistic about the company's prospects. The bank gave JD.com a buy rating, with a target price of US $110 for American depositary receipts and a target price of HK $426 for Hong Kong stocks.</p><p><b>BOCOM International: Revenue and number of users continue to grow at a high rate, and net profit margin steadily increases</b></p><p>Bank of Communications International pointed out that JD.COM's total revenue in the fourth quarter of last year was 224.3 billion yuan (RMB, the same below), a year-on-year increase of 31%, exceeding market expectations by 2%, and its adjusted net profit margin was 1.1%, which was better than 0.5% in the same period in 2019, mainly benefiting from the improvement of operational efficiency. Based on the improvement of new business valuation and investment value, although profit margins are under pressure in the short term, we are still optimistic about the company's strong supply chain and technical capabilities.</p><p>The bank predicts that the company's self-operated revenue in the first quarter will increase by 28% year-on-year, and the \"New Year on-site\" policy during the Spring Festival will bring strong growth in GMV. Management expects gross profit margin to remain stable and category structure to continue to improve in 2021, but it is offset by investments in logistics infrastructure, especially in lower-tier cities. Considering continuous infrastructure investment and marketing expenditure to further improve users' purchasing mentality, it is expected that the net profit margin in the first quarter will decline by 1% year-on-year.</p><p><b>Daiwa Securities: Expected user growth momentum to remain strong</b></p><p>Daiwa released a research report on JD.com, saying that it expects the company's user growth momentum to remain strong this year, and its ARPU will also rise, which will cause the bank and the market to raise its 2021 revenue forecast, which will also witness<a href=\"https://laohu8.com/S/JD\">JD.com</a>Gain further market share in the local retail market.</p><p>Daiwa said that the company's user growth will remain strong in the first half of this year. Its daily active users in the fourth quarter of last year increased by 30% year-on-year, of which more than 80% of new users came from low-tier cities. Revenue in the first quarter of this year is expected to increase by 28% year-on-year, mainly due to the government's \"Chinese New Year in situ\" policy during the Lunar New Year and JD.com's rapid expansion in the fast-moving consumer goods and online grocery markets.</p><p><b>Nomura Securities: The company's retail valuation is $1,000</b></p><p>The Nomura Research Report mentioned that JD.com's non-GAAP earnings per share in the fourth quarter of last year rose 174% year-on-year, higher than the market and the bank's expectations, and its revenue rose 31% year-on-year, also higher than market expectations, mainly due to the company's retail and new business revenue. Driven by strong growth.</p><p>The bank said that for the e-commerce industry, this year is the year of investment, and the grocery business in the low-end market will become the main battlefield. The company has become a giant that can enter this competitive field. The company established Jingxi in the first quarter of this year to establish a supply chain and logistics network, it is expected that this year's revenue will grow strongly by 27%. Based on the compound annual growth rate of operating profit in 2021-23 of 30% and the P/E in 2021 of 31 times, the company's retail valuation will reach 100 billion US dollars.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b873b4329b7b17b0926c02bec2748c1d","relate_stocks":{"09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133702203","content_text":"周四,京东集团发布了2020年四季度及全年财报:京东第四季度净营收2243亿元,同比增长31.4%;2020年全年,京东实现营收7458亿元,市场预期7405.8亿元;实现净利润494.05亿元,市场预期251.46亿元。当日京东美股高开低走,小幅收涨0.76%;今日京东港股高开后一路走低,盘中跌超6%,收盘跌4.82%。对于京东这份财报及未来走势,各大行都发表了自己的看法,老虎资讯为您统计如下:评级一致看高机构业绩点评评级目标价杰富瑞京东现有营运已产生规模效应,供应链能力在竞争下表现突出,看好公司前景。买入110美元(426港元)摩根士丹利估计京东今年首季收入增长强劲,但恐新业务投资会拖累利润表现,短期内或困扰投资者。增持92美元(359港元)摩根大通京东上季度业绩稳固,需关注管理层对下季度做出的业绩指引。增持110美元(426港元)交银国际尽管短期内利润率承压,但仍看好公司强大的供应链和技术能力。买入上调3.0%至104美元(402港元)瑞银相信京东会控制投资支出,且当前核心电商业务毛利率改善,今年的收入增长可能高于预期。买入上调4.8%至110美元(429港元)大和证券预计京东今年一季收入同比升28%,主要受惠于“就地过年”政策及在快速消费品及线上杂货市场的快速扩张等。买入465港元花旗关注京东的社区团购业务发展,及今年的毛利率情况。买入上调2.6%至120美元(468港元)野村京东于今年首季成立京喜,以建立供应链及物流网络,预期今年收入可望强劲增长27%。买入109美元(424港元)业绩预期向好摩根士丹利:担忧新业务拖累利润大摩发表的研究报告指,京东集团去年第四季业绩好坏参半,其中按非通用会计准则计算利润胜预期,加上用户增长健康,不过毛利率及经营利润率均逊预期,估计公司今年首季收入增长强劲,惟新业务投资或会拖累利润表现,短期或困扰投资者。另外值得留意的是年度活跃用户增长30.4%至4.72亿户,当中第四季净增3,000万户,较第三季有所加快。估计京东今年首季收入增长强劲,但恐新业务投资会拖累利润表现,短期内或困扰投资者。瑞银:核心电商业务毛利率改善,但短期股价或有压力,今年收入增长或高于预期瑞银表示,京东决定投资社区团购,短期将为股价带来压力,预测投资者将抱观望态度,因不确定京东能否与美团及拼多多竞争。该行相信京东会控制投资支出,且当前京东的核心电商业务毛利率改善,今年的收入增长可能高于预期。该行上调对京东美国预托证券目标价,由105美元上调至110美元,维持「买入」评级。杰富瑞:京东现有营运已产生规模效应,供应链能力在竞争下表现突出杰富瑞指,京东的强劲执行力已在用户增长加速上反映,且大部分增长来自于较低级别城市。该行指京东在多个项目上已经具有规模性,晶溪业务的重整及社区团购投资对公司长远发展非常重要。该行认为,京东现有营运已产生规模效应,供应链能力在竞争下表现突出,看好公司前景。该行给予京东「买入」评级,对美国预托证券目标价110美元,港股目标价426港元。交银国际:收入与用户数持续高增长,净利率稳步提升交银国际指出,京东去年第四季度总收入2243亿元(人民币,下同),同比增31%,超出市场预期2%,经调整净利润率1.1%,较2019年同期的0.5%为佳,主要受益于运营效率的提高。基于新业务估值提升和投资价值增加,尽管短期内利润率承压,但仍看好公司强大的供应链和技术能力。该行预计,公司首季度自营收入同比增28%,春节期间的“就地过年”政策带来GMV的强劲增长。管理层预计2021年毛利率持稳,品类结构不断改善,但被物流基础设施的投资所抵销,特别是在低线城市。考虑持续的基础设施投资以及营销支出,以进一步提升用户购买心智,预计首季度净利润率将同比下滑1%。大和证券:预期用户增长势头维持强劲大和发布针对京东的研究报告中称,预期公司的用户增长势头将在今年维持强劲,其ARPU也会上升,将令该行及市场上调其2021年收入预测,也见证京东在本地零售市场中进一步获得市场份额。大和表示,公司的用户增长将在今年上半年维持强劲,其去年第四季日活跃用户同比升30%,当中超80%新用户来自低线城市。预计今年第一季收入同比升28%,主要受惠于政府农历新年的“就地过年”政策及京东在快速消费品及线上杂货市场的快速扩张等。野村证券:公司零售估值1000以美元野村研报提到,京东去年第四季度非通用会计准则每股盈利同比升174%,高于市场及该行预期,收入同比升31%,也高于市场预期,主要受公司零售及新业务收入强劲增长带动。该行表示,对于电商行业,今年是投资年,低端市场的杂货业务将成为主要战场,公司已成为巨头可进入此竞争领域,而公司于今年首季成立京喜,以建立供应链及物流网络,预期今年收入可望强劲增长27%,按2021-23年度营运盈利复合年增长率30%,以及2021年度市盈率31倍计算,公司零售估值达1000亿美元。","news_type":1,"symbols_score_info":{"09618":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":1944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363947567,"gmtCreate":1614092272759,"gmtModify":1704888047479,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363947567","repostId":"1142459372","repostType":4,"repost":{"id":"1142459372","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":1614082293,"share":"https://ttm.financial/m/news/1142459372?lang=en_US&edition=fundamental","pubTime":"2021-02-23 20:11","market":"us","language":"zh","title":"XPeng Motor shareholders are rumored to place 10.5 million ADRs","url":"https://stock-news.laohu8.com/highlight/detail?id=1142459372","media":"老虎资讯综合","summary":"市场消息:小鹏汽车股东Shanghai Cheyou Enterprise Management据悉将配售1050万股ADR,本次配售价格为每ADS 35.25-35.75美元。小鹏汽车盘前跌幅扩大,","content":"<p>Market news:<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Shareholder Shanghai Cheyou Enterprise Management is reported to be placing 10.5 million ADRs at a price of US $35.25-35.75 per ADS.</p><p>XPeng Automobile's pre-market decline expanded and is now down more than 6%.</p><p><img src=\"https://static.tigerbbs.com/8cccf9735ee5ccb09bba2d38827531ef\" tg-width=\"853\" tg-height=\"805\" 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>XPeng Motor shareholders are rumored to place 10.5 million ADRs</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\">\nXPeng Motor shareholders are rumored to place 10.5 million ADRs\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\">2021-02-23 20:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Market news:<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Shareholder Shanghai Cheyou Enterprise Management is reported to be placing 10.5 million ADRs at a price of US $35.25-35.75 per ADS.</p><p>XPeng Automobile's pre-market decline expanded and is now down more than 6%.</p><p><img src=\"https://static.tigerbbs.com/8cccf9735ee5ccb09bba2d38827531ef\" tg-width=\"853\" tg-height=\"805\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a7cf240033f083a329240e6179df017","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142459372","content_text":"市场消息:小鹏汽车股东Shanghai Cheyou Enterprise Management据悉将配售1050万股ADR,本次配售价格为每ADS 35.25-35.75美元。小鹏汽车盘前跌幅扩大,现跌超6%。","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382264610,"gmtCreate":1613454193330,"gmtModify":1704880633665,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382264610","repostId":"1137620666","repostType":4,"repost":{"id":"1137620666","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":1613438586,"share":"https://ttm.financial/m/news/1137620666?lang=en_US&edition=fundamental","pubTime":"2021-02-16 09:23","market":"hk","language":"zh","title":"Opening: Happy market opening in the Year of the Ox! Hang Seng Index opened 1.66% higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1137620666","media":"老虎资讯综合","summary":"2月16日讯,港股牛年首日开盘,A股继续休市。恒指涨1.66%报30675点,国指涨1.53%报12062点,恒生科技指数涨2.01%报10620点。盘面上,春节档电影票房创历史新高,影视娱乐股集体高","content":"<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the State Index rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival movies hit a record high, and film and television entertainment stocks collectively opened higher.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>Soared nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It rose by more than 10%. According to statistics, the total box office of the Spring Festival stall in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best box office Spring Festival stall in history; Sporting goods stocks, Hong Kong local stocks, power stocks, semiconductor stocks, oil stocks, banking stocks, etc. collectively rose.<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Large-scale technology stocks strengthened, and Meituan opened more than 2% higher and continued to hit new highs.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>, Xiaomi, and JD.com all opened more than 1% higher, gambling stocks and catering stocks generally fell, and Xiabuxiabu open low 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegations of short-selling agency Bonitas's short-selling report, saying that the internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, partner G1 Therapeutics' small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surged 21% on the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund under ARK, opened a position to buy 497,000 shares.</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: Happy market opening in the Year of the Ox! Hang Seng Index opened 1.66% higher</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: Happy market opening in the Year of the Ox! Hang Seng Index opened 1.66% higher\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\">2021-02-16 09:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On February 16th, Hong Kong stocks opened on the first day of the Year of the Ox, and A shares continued to be closed. The Hang Seng Index rose 1.66% to 30,675 points, the State Index rose 1.53% to 12,062 points, and the Hang Seng Technology Index rose 2.01% to 10,620 points.</p><p>On the disk, the box office of Spring Festival movies hit a record high, and film and television entertainment stocks collectively opened higher.<a href=\"https://laohu8.com/S/01896\">Maoyan Entertainment</a>Soared nearly 15%,<a href=\"https://laohu8.com/S/01060\">Alibaba Pictures</a>It rose by more than 10%. According to statistics, the total box office of the Spring Festival stall in mainland China has exceeded 6 billion yuan, and IMAX has also recorded the best box office Spring Festival stall in history; Sporting goods stocks, Hong Kong local stocks, power stocks, semiconductor stocks, oil stocks, banking stocks, etc. collectively rose.<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/STAN.UK\">Standard Chartered Group</a>Both rose by more than 3%; Large-scale technology stocks strengthened, and Meituan opened more than 2% higher and continued to hit new highs.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>, Xiaomi, and JD.com all opened more than 1% higher, gambling stocks and catering stocks generally fell, and Xiabuxiabu open low 1.6%.<img src=\"https://static.tigerbbs.com/6894b373febc1d93f07bbf978f8b0a57\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/00019\">Swire Pacific A</a>It opened 9.43% higher, recording the biggest increase since 2009.</p><p><a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group<a href=\"https://laohu8.com/S/01179\">$(01179)$</a>Up 7.81%, the company denied the allegations of short-selling agency Bonitas's short-selling report, saying that the internal investigation found no material misstatement in the prospectus.</p><p><a href=\"https://laohu8.com/S/02096\">Simcere Pharma</a>Up 5.6%, partner G1 Therapeutics' small cell carcinoma anti-myelosuppressive drug has been approved by the FDA.</p><p><a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>Continued to rise 6.3%, surged 21% on the previous trading day, and recently<a href=\"https://laohu8.com/S/01833\">Ping An Good Doctor</a>ARKF, a fund under ARK, opened a position to buy 497,000 shares.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137620666","content_text":"2月16日讯,港股牛年首日开盘,A股继续休市。恒指涨1.66%报30675点,国指涨1.53%报12062点,恒生科技指数涨2.01%报10620点。盘面上,春节档电影票房创历史新高,影视娱乐股集体高开,猫眼娱乐大涨近15%,阿里影业涨超10%,据统计,中国大陆春节档总票房已超60亿元,IMAX也录得有史以来票房最佳春节档;体育用品股、香港本地股、电力股、半导体股、石油股、银行股等集体上涨,招商银行、渣打集团均升超3%;大型科技股走强,美团高开逾2%续创新高价,阿里巴巴、小米、京东皆高开超1%,濠赌股、餐饮股普遍下跌,呷哺呷哺低开1.6%。太古股份公司A高开9.43%,录得2009年以来最大涨幅。华住集团$(01179)$涨7.81%,公司否认沽空机构Bonitas沽空报告指控,表示内部调查没有发现招股章程出现重大错误陈述。先声药业涨5.6%,合作伙伴G1 Therapeutics小细胞癌防骨髓抑制药物已获得FDA批准。平安好医生续涨6.3%,上一交易日大涨21%,近期平安好医生获ARK旗下基金ARKF开仓买入49.7万股。","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":2237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313986268,"gmtCreate":1611653604554,"gmtModify":1704861714034,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"themes":[],"htmlText":"678","listText":"678","text":"678","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313986268","repostId":"1156068922","repostType":4,"repost":{"id":"1156068922","kind":"news","pubTimestamp":1611642752,"share":"https://ttm.financial/m/news/1156068922?lang=en_US&edition=fundamental","pubTime":"2021-01-26 14:32","market":"hk","language":"zh","title":"FF is about to go public, Geely plans to invest tens of millions of dollars","url":"https://stock-news.laohu8.com/highlight/detail?id=1156068922","media":"36氪","summary":"$36氪$从多位接触到FF国内融资项目的知情人士处获悉,贾跃亭创办的电动车公司FF正在国内寻求新一轮融资,吉利集团已表达了明确的投资意向,同时,FF的老股东恒大集团也参与了此次融资洽谈。“$吉利汽车$计划向FF投资3000万到4000万美元,最快下周公布。”就在昨日,路透报道称,FF将在国内一线城市新建工厂,初期产能为10万台。而FF的制造服务合作方正是吉利汽车,双方还将在FF车型的自动驾驶等方面开展合作。","content":"<p><a href=\"https://laohu8.com/S/KRKR\">36 Krypton</a>It was learned from a number of people familiar with FF's domestic financing projects that FF (Faraday Future), an electric vehicle company founded by Jia Yueting, is seeking a new round of financing in China. Geely Group has expressed a clear investment intention. At the same time, FF's old shareholder Evergrande Group also participated in the financing negotiations.</p><p>“<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>It plans to invest US $30 million to US $40 million in FF, which will be announced as soon as next week. \" A source told 36Kr. In addition, sources who have been exposed to FF financing projects also revealed to 36Kr that although Evergrande Group had a dispute with FF over the control of domestic companies, Evergrande still participated in the negotiations for FF's domestic fundraising. Judging from public information, Evergrande Group holds 32% shares in FF.</p><p>Just yesterday, Reuters reported that FF will build new factories in first-tier cities in China with an initial production capacity of 100,000 units. The manufacturing service partner of FF is Geely Automobile, and the two parties will also cooperate in autonomous driving of FF models. 36Kr confirmed this news from the supply chain, and FF has communicated with<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Discussed power battery cooperation matters.</p><p>Previously, Bloomberg reported that FF is seeking to list on the U.S. stock market through a SPAC (Special Purpose Acquisition Company).<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>The company negotiates the merger.</p><p>SPAC is a form of rapid listing. In terms of process, a SPAC platform is first set up to raise funds, and then a physical business company is acquired, so that the latter can realize listing transactions. In a Bloomberg report, FF's SPAC platform company is seeking more than $400 million in funding to support the deal, which will value the combined entity to around $3 billion.</p><p>A number of sources told 36Kr that FF will submit SPAC listing materials in the next two weeks at the earliest, and domestic financing matters are also expected to be announced at that time.</p><p>Regarding the above information, 36Kr asked FF and Geely Group for verification, and both parties refused to comment.</p><p>Faraday Future was founded in 2014 by Jia Yueting, founder of LeTV Group, and its positioning is benchmarking<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Electric vehicles. In 2016, the LeTV system collapsed, and Jia Yueting flew to the United States to invest in Faraday Future, a car-making project, seeking opportunities to turn over. However, FF financing has suffered repeated setbacks, and the mass production of the first car FF91 has been delayed again and again.</p><p>In October 2019, Jia Yueting released a personal bankruptcy reorganization plan, which will officially transfer all personal assets recognized by the U.S. court, that is, all FF equity and related income rights held by individuals, to the creditor trust. The former BMW vice president Carsten Breitfeld succeeded Jia Yueting in operating FF.</p><p>But whether Jia Yueting really let go of the FF car manufacturing business is a question mark. A number of former employees of LeTV who had initiated arbitration before told 36Kr that they had recently received long-owed salaries, and some suppliers had also received arrears. \"If Jia Yueting wants to carry out FF business in China, he must first repay the domestic debts.\" Some LeTV employees analyzed it to 36Kr, and at the same time, the news that Jia Yueting is about to return to China is also circulating within LeTV. However, people who have come into contact with FF fundraising projects said that they still don't know where Jia Yueting is.</p><p>Some industry insiders commented that the entire new energy vehicle industry is popular, which may be the best opportunity for Jia Yueting and FF to turn over. In 2020,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>And<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>The Pre-IPO valuation of the company is only about US $5 billion, but less than a year after its listing, its market value has reached about US $30 billion, an increase of more than 6 times. According to 36 Krypton, the Pre-IPO valuation of WM Motor and Leapmotor, which are sprinting to the Science and Technology Innovation Board, is below 40 billion yuan, but brokerages have preset their IPO market value at 80 billion yuan or even higher.</p><p>The capital boom continues to rise. Whether it is BYTON Motors, which has been shut down for half a year, or FF, which has been in turmoil for many years, they are all trying to seize the hope of landing.</p>","source":"36k","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>FF is about to go public, Geely plans to invest tens of millions of dollars</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\">\nFF is about to go public, Geely plans to invest tens of millions of dollars\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2021-01-26 14:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/KRKR\">36 Krypton</a>It was learned from a number of people familiar with FF's domestic financing projects that FF (Faraday Future), an electric vehicle company founded by Jia Yueting, is seeking a new round of financing in China. Geely Group has expressed a clear investment intention. At the same time, FF's old shareholder Evergrande Group also participated in the financing negotiations.</p><p>“<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>It plans to invest US $30 million to US $40 million in FF, which will be announced as soon as next week. \" A source told 36Kr. In addition, sources who have been exposed to FF financing projects also revealed to 36Kr that although Evergrande Group had a dispute with FF over the control of domestic companies, Evergrande still participated in the negotiations for FF's domestic fundraising. Judging from public information, Evergrande Group holds 32% shares in FF.</p><p>Just yesterday, Reuters reported that FF will build new factories in first-tier cities in China with an initial production capacity of 100,000 units. The manufacturing service partner of FF is Geely Automobile, and the two parties will also cooperate in autonomous driving of FF models. 36Kr confirmed this news from the supply chain, and FF has communicated with<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Discussed power battery cooperation matters.</p><p>Previously, Bloomberg reported that FF is seeking to list on the U.S. stock market through a SPAC (Special Purpose Acquisition Company).<a href=\"https://laohu8.com/S/PSACU\">Property Solutions Acquisition</a>The company negotiates the merger.</p><p>SPAC is a form of rapid listing. In terms of process, a SPAC platform is first set up to raise funds, and then a physical business company is acquired, so that the latter can realize listing transactions. In a Bloomberg report, FF's SPAC platform company is seeking more than $400 million in funding to support the deal, which will value the combined entity to around $3 billion.</p><p>A number of sources told 36Kr that FF will submit SPAC listing materials in the next two weeks at the earliest, and domestic financing matters are also expected to be announced at that time.</p><p>Regarding the above information, 36Kr asked FF and Geely Group for verification, and both parties refused to comment.</p><p>Faraday Future was founded in 2014 by Jia Yueting, founder of LeTV Group, and its positioning is benchmarking<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Electric vehicles. In 2016, the LeTV system collapsed, and Jia Yueting flew to the United States to invest in Faraday Future, a car-making project, seeking opportunities to turn over. However, FF financing has suffered repeated setbacks, and the mass production of the first car FF91 has been delayed again and again.</p><p>In October 2019, Jia Yueting released a personal bankruptcy reorganization plan, which will officially transfer all personal assets recognized by the U.S. court, that is, all FF equity and related income rights held by individuals, to the creditor trust. The former BMW vice president Carsten Breitfeld succeeded Jia Yueting in operating FF.</p><p>But whether Jia Yueting really let go of the FF car manufacturing business is a question mark. A number of former employees of LeTV who had initiated arbitration before told 36Kr that they had recently received long-owed salaries, and some suppliers had also received arrears. \"If Jia Yueting wants to carry out FF business in China, he must first repay the domestic debts.\" Some LeTV employees analyzed it to 36Kr, and at the same time, the news that Jia Yueting is about to return to China is also circulating within LeTV. However, people who have come into contact with FF fundraising projects said that they still don't know where Jia Yueting is.</p><p>Some industry insiders commented that the entire new energy vehicle industry is popular, which may be the best opportunity for Jia Yueting and FF to turn over. In 2020,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>And<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>The Pre-IPO valuation of the company is only about US $5 billion, but less than a year after its listing, its market value has reached about US $30 billion, an increase of more than 6 times. According to 36 Krypton, the Pre-IPO valuation of WM Motor and Leapmotor, which are sprinting to the Science and Technology Innovation Board, is below 40 billion yuan, but brokerages have preset their IPO market value at 80 billion yuan or even higher.</p><p>The capital boom continues to rise. Whether it is BYTON Motors, which has been shut down for half a year, or FF, which has been in turmoil for many years, they are all trying to seize the hope of landing.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://36kr.com/p/1070916799178633\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1a3754f388f30b5f7e5d59651613a82b","relate_stocks":{"00175":"吉利汽车"},"source_url":"https://36kr.com/p/1070916799178633","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156068922","content_text":"36氪从多位接触到FF国内融资项目的知情人士处获悉,贾跃亭创办的电动车公司FF(Faraday Future,法拉第未来)正在国内寻求新一轮融资,吉利集团已表达了明确的投资意向,同时,FF的老股东恒大集团也参与了此次融资洽谈。“吉利汽车计划向FF投资3000万到4000万美元,最快下周公布。”一位消息人士告诉36氪。而另外接触到FF融资项目的消息人士也向36氪透露,虽然恒大集团曾与FF就国内公司控制权产生纠纷,但此次FF在国内的募资,恒大依然参与了谈判。从公开信息看,恒大集团在FF持有32%股份。就在昨日,路透报道称,FF将在国内一线城市新建工厂,初期产能为10万台。而FF的制造服务合作方正是吉利汽车,双方还将在FF车型的自动驾驶等方面开展合作。36氪从供应链上确认了此消息,FF已经与宁德时代洽谈了动力电池合作事项。此前,彭博曾报道,FF正寻求通过SPAC(Special Purpose Acquisition Company)的方式在美股上市,目前与Property Solutions Acquisition公司就合并事项进行谈判。SPAC是一种快速上市形式,流程上,先设立SPAC平台募集资金,再并购实体业务公司,使后者实现挂牌交易。在彭博的报道中,FF的SPAC平台公司正在寻求超过4亿美元资金以支持该交易,该交易将使合并后的实体公司估值达到30亿美元左右。而多位消息人士告诉36氪,FF最快在近两周就会提交SPAC上市材料,国内的融资事项届时也有望公布。就上述信息,36氪向FF和吉利集团进行了求证,双方均拒绝评论。法拉第未来(FaradayFuture)由乐视集团创始人贾跃亭创立于2014年,定位可对标特斯拉的高端智能电动车。2016年,乐视体系崩塌,贾跃亭飞往美国投入造车项目法拉第未来,寻求翻身机会。但FF融资屡次受挫,首款车FF91的量产一再延后。2019年10月,贾跃亭发布个人破产重组方案,将把美国法院认定的全部个人资产,即个人持有的全部FF股权及相关收益权正式转入债权人信托。而接替贾跃亭操盘FF的是前宝马副总裁毕福康(Carsten Breitfeld)。但贾跃亭是否真正放手FF造车业务,是个问号。有多位此前发起过仲裁的乐视离职员工告诉36氪,近期收到了拖欠已久的薪水,部分供应商也收到了拖欠款项,“贾跃亭要在国内开展FF业务,就要先把国内的债务还上”,有乐视员工向36氪分析,而与此同时,贾跃亭即将回国的消息也在乐视内部流转。但接触到FF募资项目的人士表示,还不知道贾跃亭人在哪里。有行业人士评论称,整个新能源车行业受到热捧,这可能是贾跃亭和FF翻身的最好机会。2020年,理想汽车和小鹏汽车的Pre-IPO估值仅有50亿美元左右,但上市不到一年,市值均已达到300亿美元左右,上涨6倍多。而据36氪了解,冲刺科创板的威马汽车、零跑汽车等,Pre-IPO估值都在400亿人民币以下,但券商将其IPO市值都预设在800亿人民币甚至更高。资本热潮持续高涨,不管是停摆半年的拜腾汽车,还是动荡多年的FF,都在努力抓住上岸的希望。","news_type":1,"symbols_score_info":{"00175":0.9}},"isVote":1,"tweetType":1,"viewCount":2243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}