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开洱文
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2023-04-04
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开洱文
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2023-03-24
$小米集团-W(01810)$
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开洱文
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2023-02-25
$英特尔(INTC)$
business shrinking....
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2022-10-19
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Market Overview | Eight consecutive limit-up stocks see massive trading volume and turnover! Shipping stocks bucked the trend and surged
恒科指大跌逾4%,科技股重挫;沪指震荡调整跌1.19%;美股指期货、欧洲股市、原油、黄金均走低;奈飞、阿斯麦、美联航绩后大涨>>>港股港股三大指数全天呈单边下跌行情,昨日反弹上涨的市场情绪再度陷入低迷
Market Overview | Eight consecutive limit-up stocks see massive trading volume and turnover! Shipping stocks bucked the trend and surged
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2022-09-13
6
The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?
美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。
The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?
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2022-09-13
6
The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?
美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。
The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?
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2022-08-22
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开洱文
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2022-08-03
6
What is the origin of the "speculative stock" Shangcheng Data Technology? How big is the bubble?
一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.43
What is the origin of the "speculative stock" Shangcheng Data Technology? How big is the bubble?
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2022-08-03
6
What is the origin of the "speculative stock" Shangcheng Data Technology? How big is the bubble?
一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.43
What is the origin of the "speculative stock" Shangcheng Data Technology? How big is the bubble?
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2022-07-26
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href=\"https://ttm.financial/S/01810\">$小米集团-W(01810)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/01810\">$小米集团-W(01810)$ </a><v-v data-views=\"1\"></v-v>","text":"$小米集团-W(01810)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943484209","isVote":1,"tweetType":1,"viewCount":4744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957259675,"gmtCreate":1677308831298,"gmtModify":1677308834780,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/INTC\">$英特尔(INTC)$ </a><v-v data-views=\"0\"></v-v>business shrinking....","listText":"<a href=\"https://ttm.financial/S/INTC\">$英特尔(INTC)$ </a><v-v data-views=\"0\"></v-v>business shrinking....","text":"$英特尔(INTC)$ business shrinking....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957259675","isVote":1,"tweetType":1,"viewCount":5302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983131948,"gmtCreate":1666174654785,"gmtModify":1676537718081,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983131948","repostId":"1141641724","repostType":2,"repost":{"id":"1141641724","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":1666169142,"share":"https://ttm.financial/m/news/1141641724?lang=en_US&edition=fundamental","pubTime":"2022-10-19 16:45","market":"hk","language":"zh","title":"Market Overview | Eight consecutive limit-up stocks see massive trading volume and turnover! Shipping stocks bucked the trend and surged","url":"https://stock-news.laohu8.com/highlight/detail?id=1141641724","media":"老虎资讯综合","summary":"恒科指大跌逾4%,科技股重挫;沪指震荡调整跌1.19%;美股指期货、欧洲股市、原油、黄金均走低;奈飞、阿斯麦、美联航绩后大涨>>>港股港股三大指数全天呈单边下跌行情,昨日反弹上涨的市场情绪再度陷入低迷","content":"<p><html><head></head><body>The Hang Seng Tech Index plunged more than 4%, and technology stocks suffered a sharp decline. The Shanghai Composite Index fluctuated and adjusted, falling 1.19%. US stock index futures, European stock markets, crude oil, and gold all declined;<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>、<a href=\"https://laohu8.com/S/ASML\">Asma</a>United Airlines surges after earnings report >>><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indices fell throughout the day, and market sentiment, which had rebounded yesterday, fell into a slump again. At the close, the Hang Seng Index fell 2.38%, or 403 points, and the Hang Seng Tech Index fell 4.19%, falling below the 3,200-point mark.</p><p><img src=\"https://static.tigerbbs.com/2694773a7c1d671f7fa8b16a222dbb92\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the market, the decline in major technology stocks across the board dragged down the overall market.<a href=\"https://laohu8.com/S/01024\">Kuaishou-W</a>It fell more than 7%.<a href=\"https://laohu8.com/S/03690\">Meituan-W</a>It fell more than 6%.<a href=\"https://laohu8.com/S/09618\">JD.com - SW</a>It fell 5.55%.<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>It fell more than 5%.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group - SW</a>All declined; Home appliance stocks led the decline throughout the day, while gambling stocks, sporting goods stocks, mobile game stocks, automotive stocks, photovoltaic stocks, catering stocks, and Chinese securities firms all extended their losses at the close. New energy vehicle stocks...<a href=\"https://laohu8.com/S/09868\">XPeng Automobile - W</a>The price plummeted by more than 9%, hitting a new low. On the other hand, water stocks and online education stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/01797\">New Oriental online</a>The best performance was a rise of over 8%; Power stocks, port and shipping stocks, and telecommunications stocks performed actively amidst weakness. Today, southbound capital saw a net inflow of HK$5.417 billion, with a market turnover of HK$84.7 billion.</p><p><b>A-shares</b></p><p>The market fluctuated and adjusted throughout the day, with the ChiNext index relatively strong. At the close, the Shanghai Composite Index fell 1.19%, the Shenzhen Component Index fell 1.43%, and the ChiNext Index fell 0.86%. Northbound capital saw a net outflow of 6.002 billion yuan throughout the day, marking the third consecutive day of net outflows. Shanghai-Hong Kong Stock Connect saw a net outflow of 4.515 billion yuan, while Shenzhen-Hong Kong Stock Connect saw a net outflow of 1.488 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/32883f80e36c15adabf2c7d9f6691398\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the market, port and shipping stocks were strong throughout the day.<a href=\"https://laohu8.com/S/600026\">COSCO Shipping Energy</a>、<a href=\"https://laohu8.com/S/601008\">Lianyungang</a>、<a href=\"https://laohu8.com/S/600428\">COSCO Shipping Special</a>、<a href=\"https://laohu8.com/S/600798\">Ningbo Shipping</a>It hit the daily limit. Stocks in sectors such as energy storage and lithium batteries were initially active, but gradually declined in the afternoon.<a href=\"https://laohu8.com/S/002245\">Blue lithium core</a>、<a href=\"https://laohu8.com/S/002796\">Sega Technology</a>、<a href=\"https://laohu8.com/S/000049\">Desay Battery</a>Wait for the stock to hit the daily limit On the downside, consumer stocks collectively adjusted, with aquaculture stocks leading the decline. Overall, more stocks fell than rose, with more than 3,700 stocks declining in the two markets. The combined turnover of the Shanghai and Shenzhen stock exchanges today was 758.4 billion yuan, a decrease of 35.4 billion yuan compared to the previous trading day. In terms of sectors, ports, e-commerce, education, and integrated die casting sectors led the gains, while oil and gas, chicken farming, precious metals, and pet economy sectors led the declines.</p><p>It is worth noting that,<a href=\"https://laohu8.com/S/002093\">Guomai Technology</a>Today marked its eighth consecutive day of limit-up trading, with massive turnover. By the close of trading, the turnover exceeded 2.5 billion yuan, and the turnover rate exceeded 25%. Guomai Technology's latest total market capitalization is 10.4 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/4398a3a4c02b4fbc320d636c80e9ed99\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>US stocks</b></p><p>Futures for the three major U.S. stock indexes continued to decline. As of press time, Dow Jones futures were down 0.29%, Nasdaq 100 futures were down 0.17%, and S&P 500 futures were down 0.26%.</p><p><img src=\"https://static.tigerbbs.com/58ed1e960f3ca0cc5ad74e87356277db\" tg-width=\"395\" tg-height=\"183\" referrerpolicy=\"no-referrer\"/></p><p>Netflix surged over 13% in pre-market trading, with a net increase of 2.41 million paid subscribers in the third quarter, exceeding expectations.</p><p><a href=\"https://laohu8.com/S/ASML\">Asma</a>It rose 6.4% in pre-market trading after third-quarter revenue increased by 10% year-on-year to €5.778 billion, exceeding expectations and achieving a record net booking of €8.9 billion.</p><p><a href=\"https://laohu8.com/S/UAL\">United Continental</a>The stock rose 6.8% in pre-market trading after third-quarter revenue increased 66.15% year-over-year to $12.877 billion, and net profit nearly doubled compared to the same period last year.</p><p><b>European stocks</b></p><p>Major European indices fell across the board, with Germany's DAX 30 down 0.41%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 0.59%, and the French CAC40 fell 0.33%.</p><p><img src=\"https://static.tigerbbs.com/108c582b9efef82807b6b41b22f0842b\" tg-width=\"814\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fell in the short term. As of press time, WTI crude oil was trading at $81.89 per barrel, down 0.22%. Brent crude is currently trading at $89.59 a barrel, down 0.49%.</p><p><img src=\"https://static.tigerbbs.com/3fcd29290758e89f4ac7cd049bf7491c\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/fcda1a4d514bf49d96232092b48ce4f0\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fluctuated lower, currently down 0.65% at $1,645 per ounce.</p><p><img src=\"https://static.tigerbbs.com/bb6b633b30da26822bb36294ed6a0f71\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Market Overview | Eight consecutive limit-up stocks see massive trading volume and turnover! Shipping stocks bucked the trend and surged</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\">\nMarket Overview | Eight consecutive limit-up stocks see massive trading volume and turnover! Shipping stocks bucked the trend and surged\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\">2022-10-19 16:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Hang Seng Tech Index plunged more than 4%, and technology stocks suffered a sharp decline. The Shanghai Composite Index fluctuated and adjusted, falling 1.19%. US stock index futures, European stock markets, crude oil, and gold all declined;<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>、<a href=\"https://laohu8.com/S/ASML\">Asma</a>United Airlines surges after earnings report >>><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indices fell throughout the day, and market sentiment, which had rebounded yesterday, fell into a slump again. At the close, the Hang Seng Index fell 2.38%, or 403 points, and the Hang Seng Tech Index fell 4.19%, falling below the 3,200-point mark.</p><p><img src=\"https://static.tigerbbs.com/2694773a7c1d671f7fa8b16a222dbb92\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the market, the decline in major technology stocks across the board dragged down the overall market.<a href=\"https://laohu8.com/S/01024\">Kuaishou-W</a>It fell more than 7%.<a href=\"https://laohu8.com/S/03690\">Meituan-W</a>It fell more than 6%.<a href=\"https://laohu8.com/S/09618\">JD.com - SW</a>It fell 5.55%.<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>It fell more than 5%.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group - SW</a>All declined; Home appliance stocks led the decline throughout the day, while gambling stocks, sporting goods stocks, mobile game stocks, automotive stocks, photovoltaic stocks, catering stocks, and Chinese securities firms all extended their losses at the close. New energy vehicle stocks...<a href=\"https://laohu8.com/S/09868\">XPeng Automobile - W</a>The price plummeted by more than 9%, hitting a new low. On the other hand, water stocks and online education stocks bucked the trend and rose.<a href=\"https://laohu8.com/S/01797\">New Oriental online</a>The best performance was a rise of over 8%; Power stocks, port and shipping stocks, and telecommunications stocks performed actively amidst weakness. Today, southbound capital saw a net inflow of HK$5.417 billion, with a market turnover of HK$84.7 billion.</p><p><b>A-shares</b></p><p>The market fluctuated and adjusted throughout the day, with the ChiNext index relatively strong. At the close, the Shanghai Composite Index fell 1.19%, the Shenzhen Component Index fell 1.43%, and the ChiNext Index fell 0.86%. Northbound capital saw a net outflow of 6.002 billion yuan throughout the day, marking the third consecutive day of net outflows. Shanghai-Hong Kong Stock Connect saw a net outflow of 4.515 billion yuan, while Shenzhen-Hong Kong Stock Connect saw a net outflow of 1.488 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/32883f80e36c15adabf2c7d9f6691398\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p>On the market, port and shipping stocks were strong throughout the day.<a href=\"https://laohu8.com/S/600026\">COSCO Shipping Energy</a>、<a href=\"https://laohu8.com/S/601008\">Lianyungang</a>、<a href=\"https://laohu8.com/S/600428\">COSCO Shipping Special</a>、<a href=\"https://laohu8.com/S/600798\">Ningbo Shipping</a>It hit the daily limit. Stocks in sectors such as energy storage and lithium batteries were initially active, but gradually declined in the afternoon.<a href=\"https://laohu8.com/S/002245\">Blue lithium core</a>、<a href=\"https://laohu8.com/S/002796\">Sega Technology</a>、<a href=\"https://laohu8.com/S/000049\">Desay Battery</a>Wait for the stock to hit the daily limit On the downside, consumer stocks collectively adjusted, with aquaculture stocks leading the decline. Overall, more stocks fell than rose, with more than 3,700 stocks declining in the two markets. The combined turnover of the Shanghai and Shenzhen stock exchanges today was 758.4 billion yuan, a decrease of 35.4 billion yuan compared to the previous trading day. In terms of sectors, ports, e-commerce, education, and integrated die casting sectors led the gains, while oil and gas, chicken farming, precious metals, and pet economy sectors led the declines.</p><p>It is worth noting that,<a href=\"https://laohu8.com/S/002093\">Guomai Technology</a>Today marked its eighth consecutive day of limit-up trading, with massive turnover. By the close of trading, the turnover exceeded 2.5 billion yuan, and the turnover rate exceeded 25%. Guomai Technology's latest total market capitalization is 10.4 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/4398a3a4c02b4fbc320d636c80e9ed99\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>US stocks</b></p><p>Futures for the three major U.S. stock indexes continued to decline. As of press time, Dow Jones futures were down 0.29%, Nasdaq 100 futures were down 0.17%, and S&P 500 futures were down 0.26%.</p><p><img src=\"https://static.tigerbbs.com/58ed1e960f3ca0cc5ad74e87356277db\" tg-width=\"395\" tg-height=\"183\" referrerpolicy=\"no-referrer\"/></p><p>Netflix surged over 13% in pre-market trading, with a net increase of 2.41 million paid subscribers in the third quarter, exceeding expectations.</p><p><a href=\"https://laohu8.com/S/ASML\">Asma</a>It rose 6.4% in pre-market trading after third-quarter revenue increased by 10% year-on-year to €5.778 billion, exceeding expectations and achieving a record net booking of €8.9 billion.</p><p><a href=\"https://laohu8.com/S/UAL\">United Continental</a>The stock rose 6.8% in pre-market trading after third-quarter revenue increased 66.15% year-over-year to $12.877 billion, and net profit nearly doubled compared to the same period last year.</p><p><b>European stocks</b></p><p>Major European indices fell across the board, with Germany's DAX 30 down 0.41%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 0.59%, and the French CAC40 fell 0.33%.</p><p><img src=\"https://static.tigerbbs.com/108c582b9efef82807b6b41b22f0842b\" tg-width=\"814\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fell in the short term. As of press time, WTI crude oil was trading at $81.89 per barrel, down 0.22%. Brent crude is currently trading at $89.59 a barrel, down 0.49%.</p><p><img src=\"https://static.tigerbbs.com/3fcd29290758e89f4ac7cd049bf7491c\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/fcda1a4d514bf49d96232092b48ce4f0\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fluctuated lower, currently down 0.65% at $1,645 per ounce.</p><p><img src=\"https://static.tigerbbs.com/bb6b633b30da26822bb36294ed6a0f71\" tg-width=\"879\" tg-height=\"820\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"399006":"创业板指",".DJI":"道琼斯","HSTECH":"恒生科技指数","000001.SH":"上证指数",".IXIC":"NASDAQ Composite","HSI":"恒生指数",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141641724","content_text":"恒科指大跌逾4%,科技股重挫;沪指震荡调整跌1.19%;美股指期货、欧洲股市、原油、黄金均走低;奈飞、阿斯麦、美联航绩后大涨>>>港股港股三大指数全天呈单边下跌行情,昨日反弹上涨的市场情绪再度陷入低迷。截止收盘,恒指跌2.38%下挫403点,恒生科技指数跌4.19%,失守3200点关口。盘面上,大型科技股全线下跌拖累大市下挫,快手-W跌超7%,美团-W跌超6%,京东集团-SW跌5.55%,阿里巴巴-SW跌超5%,腾讯控股、百度集团-SW等均下跌;家电股全天领跌,濠赌股、体育用品、手游股、汽车股、光伏股、餐饮股、中资券商股尾盘跌幅均扩大,新能源汽车股小鹏汽车-W大跌超9%再创新低。另一方面,水务股、在线教育股逆势走高,新东方在线涨超8%表现最佳;电力股、港口航运股、电信股在弱势中表现活跃。今日南下资金净流入54.17亿港元,大市成交额为847亿港元。A股大盘全天震荡调整,创业板指相对偏强。截至收盘,沪指跌1.19%,深成指跌1.43%,创业板指跌0.86%。北向资金全天净卖出60.02亿元,连续3日净卖出,其中沪股通净卖出45.15亿元,深股通净卖出14.88亿元。盘面上,港口航运股全天强势,中远海能、连云港、中远海特、宁波海运涨停。储能、锂电等赛道股一度活跃,但午后逐步回落,蔚蓝锂芯、世嘉科技、德赛电池等涨停。下跌方面,消费股集体调整,养殖股领跌。总体上个股跌多涨少,两市超3700只个股下跌。沪深两市今日成交额7584亿,较上个交易日缩量354亿。板块方面,港口、互联网电商、教育、一体化压铸等板块涨幅居前,油气、养鸡、贵金属、宠物经济等板块跌幅居前。值得注意的是,国脉科技今日迎来8连板,并出现爆量换手,截至收盘,成交额超25亿元,换手率超25%。国脉科技最新总市值为104亿元。美股美股三大股指期货持续下挫,截至发稿,道指期货跌0.29%,纳斯达克100指数期货跌0.17%,标普500指数期货跌0.26%。奈飞盘前大涨超13%,第三季度付费订阅用户净增241万超预期。阿斯麦盘前涨6.4%,第三季度营收同比增长10%至57.78亿欧元超预期,实现创纪录的89亿欧元的净预订量。联合大陆航空盘前涨6.8%,第三季度营收同比增长66.15%至128.77亿美元,净利润较去年同期接近翻倍。欧股欧洲主要指数全线下跌,德国DAX30跌0.41%,英国富时100跌0.59%,法国CAC40跌0.33%。原油原油期货短线走低,截止发稿,WTI原油报81.89美元/桶,跌0.22%;布油现报89.59美元/桶,跌0.49%。黄金黄金期货震荡走低,现跌0.65%,报1645美元/盎司。","news_type":1,"symbols_score_info":{"399006":0.9,".SPX":0.9,"000001.SH":0.9,"HSTECH":0.9,".DJI":0.9,".IXIC":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":4656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935802178,"gmtCreate":1663058365094,"gmtModify":1676537193549,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935802178","repostId":"1177421171","repostType":4,"repost":{"id":"1177421171","kind":"news","pubTimestamp":1663038466,"share":"https://ttm.financial/m/news/1177421171?lang=en_US&edition=fundamental","pubTime":"2022-09-13 11:07","market":"us","language":"zh","title":"The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?","url":"https://stock-news.laohu8.com/highlight/detail?id=1177421171","media":"第一财经","summary":"美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。","content":"<p><div>With the Federal Reserve's \"hawks gathering,\" when will its aggressive rate hike ease? Since mid-August, the Federal Reserve has been sending strong policy signals to the outside world. Although rate hike may bring shocks, its attitude towards combating inflation has not changed. For policymakers, strengthening communication with the outside world is beneficial to avoiding market shocks. Therefore, US stocks began to stabilize in the middle of last week, policy expectations were further digested, and Federal Reserve interest rate futures showed that a rate hike of 75 basis points in September was almost a foregone conclusion. With the release of the latest US inflation data on the 13th local time, the focus will gradually shift to the future game of how the Federal Reserve will slow down its policy tightening.</p><p><a href=\"https://www.yicai.com/news/101534146.html\">Web page link</a></div></p>","source":"dyvj","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 Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?</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 Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2022-09-13 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>With the Federal Reserve's \"hawks gathering,\" when will its aggressive rate hike ease? Since mid-August, the Federal Reserve has been sending strong policy signals to the outside world. Although rate hike may bring shocks, its attitude towards combating inflation has not changed. For policymakers, strengthening communication with the outside world is beneficial to avoiding market shocks. Therefore, US stocks began to stabilize in the middle of last week, policy expectations were further digested, and Federal Reserve interest rate futures showed that a rate hike of 75 basis points in September was almost a foregone conclusion. With the release of the latest US inflation data on the 13th local time, the focus will gradually shift to the future game of how the Federal Reserve will slow down its policy tightening.</p><p><a href=\"https://www.yicai.com/news/101534146.html\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.yicai.com/news/101534146.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{"161125":"标普500","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","BK4581":"高盛持仓","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".DJI":"道琼斯","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","BK4550":"红杉资本持仓","OEF":"标普100指数ETF-iShares","OEX":"标普100"},"source_url":"https://www.yicai.com/news/101534146.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177421171","content_text":"美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。因此,美股从上周中期开始企稳,政策预期进一步被消化,美联储利率基金期货显示,9月加息75基点几无悬念。随着当地时间13日美国最新通胀数据的公布,焦点将逐步转向未来美联储如何放缓政策收紧的博弈上来。美联储政策效果初现美联储主席鲍威尔上周重申了近期的强硬立场。“历史强烈警告不要过早放松政策,”他在卡托研究所第40届年度货币会议上表示。“我们将继续努力控制通胀,直到工作完成。”他的评论与美联储二号人物、副主席布雷纳德(Lael Brainard)在纽约银行政策会议上的讲话相呼应。当时后者表示,要防范家庭和企业可能开始预期通胀在长期内保持在2%以上的风险。”随着美联储进入缄默期,市场对于本月政策前景基本达成了共识。包括高盛、美国银行和野村证券在内的多家机构将9月会议的预测从50基点上调至75基点。芝商所CME利率观察工具显示,一周后美联储历史性的75基点“三连加”概率已经升至了92%。美国汽油价格较6月高位回落近26%(来源:美国汽车协会AAA)如今近40年来最激进的加息周期正在产生效果。自6月消费者物价指数(CPI)突破9%以后,通胀见顶迹象愈加明显。资产管理机构BK Asset Management宏观策略师施罗斯伯格(Boris Schlossberg)在接受第一财经采访时表示,对于物价而言,能源价格的变动影响最大。美国汽车协会(AAA)数据显示,汽油平均价格已超过80天连续回落,夏季驾驶季结束对供需关系的影响有望持续释放。与此同时,美元强势对其他大宗商品的冲击也缓解终端产品的价格压力。供应链逐步恢复、需求降温下的经济放缓正在使原本紧张的消费供需环境得到缓解。最新美国采购经理人(PMI)调查显示,制造商支付价格指数降至2020年6月以来的最低水平,而服务业支付价格价格则刷新2021年1月以来新低。美国供应管理研究所(Institute for Supply Management)服务业调查委员会主席尼维斯(Anthony Nieves)表示,受访者称近期供应链、物流成本都有所改善。美国8月ISM制造业支付指数降至近27个月低位通胀预期正在逐步降温。密歇根大学消费者调查显示,8月1年期通胀预期从此前的5.2%降至4.8%,创年内新低,同时5年期通胀预期回落到2.9%,处于近一年的区间下端。与此同时,作为重要物价前景指标,美债市场一年期盈亏平衡通胀率已经降至2%以下,这也是近两年来首次低于这一水平。瑞士信贷首席美国股市策略师兼量化研究负责人戈卢布(Jonathan Golub)认为,这是通胀预期崩溃的最新迹象 ,“美联储并不是在试图控制下一次通胀指标,而是在试图控制未来12至18个月的通胀。如果预期通胀正在下降,在其他条件不变的情况下,这可能意味着政策不必过度收紧。”加息节奏何时调整从联邦基金利率期货报价看,在9月预期加息75基点后,年内剩余两次会议继续加息至少100基点的概率同样达到30%,但可能在明年3月后暂停本轮紧缩周期。这显示出,投资者对美联储年内继续鹰派立场的担忧依然存在,而随着利率达到或超过限制水平,货币政策有望迎来新窗口期。施罗斯伯格告诉第一财经,油价有助于抑制短期通胀预期,但还有其他障碍可能让美联储无法放松警惕。例如,住房、教育、医疗、交通等“核心”通胀因素的成本短期内更难控制。从美联储官员的表态看,他们似乎认为通胀降温的速度并不像预想的那样顺利。富国银行指出,美联储的通胀斗争日趋复杂化。食品、燃料价格回落的同时,粘性通胀(如公寓租金)的存在意味着未来几个月通胀道路将“崎岖不平”。该行预计,CPI将在2022年底回落到7%以下,然后在明年年底降至3.5%。这仍将远高于美联储2%的目标。当地时间13日美国公布的通胀数据有望成为美联储下一步行动的重要基准点。目前市场预期8月CPI同比增速将回落至8%,环比月率将回落0.1个百分点,为2020年5月疫情初期以来首次,不过核心CPI月率将小幅反弹。T.Rowe Price首席美国经济学家乌鲁奇(Blerina Uruci)写道:“由于基数效应,在未来两份报告中,年度核心通胀可能会加快,这将成为美联储不安的因素。他们将更加关注动能,并关注未来三个月和六个月的增速变化。同时,美联储对公众和国会的看法也很敏感,有理由保持鹰派的立场。”联合信贷银行(UniCredit Bank)认为,最新通胀数据将喜忧参半,总体上是中性的。美联储将继续观察未来的数据表现,作为政策决定的参考依据。BMO Capital Market策略师林根(Ian Lyngen)则写道,在8月CPI为75基点定价时,市场将思考,美联储将如何调整未来加息的节奏。值得注意的是,货币政策对经济的影响已经引起了美联储内部的广泛关注。美国8月PMI跌破荣枯线,房地产市场降温迹象愈发明显。鲍威尔上月在杰克逊霍尔演讲中表示,加息可能会造成“痛苦”和“持续低于趋势的增长期”。美国财长耶伦上周日表示,(经济衰退)是一个令人担忧的问题,“美联储需要高超的技能,也需要一些运气,才能实现我们有时所说的软着陆,即在保持劳动力市场强劲的同时降低通胀。”因此,外界将密切关注接下来美联储可能出现的任何政策立场变化信号。牛津经济研究院高级经济学家施瓦茨(Bob Schwartz)此前在接受第一财经记者时表示,美国个人储蓄率已经降至5%,这是2009年以来的最低水平。虽然消费者支出表现出韧性,但选择变得更为谨慎。如今经济放缓对就业市场的冲击正在显现,他预计劳动力需求和经济环境疲软将转化为2023年消费势头放缓,进而威胁软着陆的目标。","news_type":1,"symbols_score_info":{"161125":0.9,"SSO":0.9,"OEX":0.9,"SQQQ":0.9,".IXIC":0.9,"IVV":0.9,"PSQ":0.9,"QID":0.9,"UPRO":0.9,"TQQQ":0.9,"NQmain":0.9,"OEF":0.9,"MNQmain":0.9,"DOG":0.9,"QQQ":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935802309,"gmtCreate":1663058357801,"gmtModify":1676537193415,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935802309","repostId":"1177421171","repostType":4,"repost":{"id":"1177421171","kind":"news","pubTimestamp":1663038466,"share":"https://ttm.financial/m/news/1177421171?lang=en_US&edition=fundamental","pubTime":"2022-09-13 11:07","market":"us","language":"zh","title":"The Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?","url":"https://stock-news.laohu8.com/highlight/detail?id=1177421171","media":"第一财经","summary":"美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。","content":"<p><div>With the Federal Reserve's \"hawks gathering,\" when will its aggressive rate hike ease? Since mid-August, the Federal Reserve has been sending strong policy signals to the outside world. Although rate hike may bring shocks, its attitude towards combating inflation has not changed. For policymakers, strengthening communication with the outside world is beneficial to avoiding market shocks. Therefore, US stocks began to stabilize in the middle of last week, policy expectations were further digested, and Federal Reserve interest rate futures showed that a rate hike of 75 basis points in September was almost a foregone conclusion. With the release of the latest US inflation data on the 13th local time, the focus will gradually shift to the future game of how the Federal Reserve will slow down its policy tightening.</p><p><a href=\"https://www.yicai.com/news/101534146.html\">Web page link</a></div></p>","source":"dyvj","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 Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?</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 Federal Reserve's final inflation report before its interest rate meeting is about to be released. Why is this data so crucial?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2022-09-13 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>With the Federal Reserve's \"hawks gathering,\" when will its aggressive rate hike ease? Since mid-August, the Federal Reserve has been sending strong policy signals to the outside world. Although rate hike may bring shocks, its attitude towards combating inflation has not changed. For policymakers, strengthening communication with the outside world is beneficial to avoiding market shocks. Therefore, US stocks began to stabilize in the middle of last week, policy expectations were further digested, and Federal Reserve interest rate futures showed that a rate hike of 75 basis points in September was almost a foregone conclusion. With the release of the latest US inflation data on the 13th local time, the focus will gradually shift to the future game of how the Federal Reserve will slow down its policy tightening.</p><p><a href=\"https://www.yicai.com/news/101534146.html\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://www.yicai.com/news/101534146.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{"161125":"标普500","SSO":"2倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","BK4581":"高盛持仓","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".DJI":"道琼斯","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","BK4550":"红杉资本持仓","OEF":"标普100指数ETF-iShares","OEX":"标普100"},"source_url":"https://www.yicai.com/news/101534146.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177421171","content_text":"美联储“群鹰荟萃”,激进加息何时放松?8月中旬以来,美联储一直在向外界传递着强硬的政策信号,虽然加息可能带来冲击,但对抗通胀的态度没有改变。对于政策制定者而言,加强与外界沟通有利于避免市场冲击的发生。因此,美股从上周中期开始企稳,政策预期进一步被消化,美联储利率基金期货显示,9月加息75基点几无悬念。随着当地时间13日美国最新通胀数据的公布,焦点将逐步转向未来美联储如何放缓政策收紧的博弈上来。美联储政策效果初现美联储主席鲍威尔上周重申了近期的强硬立场。“历史强烈警告不要过早放松政策,”他在卡托研究所第40届年度货币会议上表示。“我们将继续努力控制通胀,直到工作完成。”他的评论与美联储二号人物、副主席布雷纳德(Lael Brainard)在纽约银行政策会议上的讲话相呼应。当时后者表示,要防范家庭和企业可能开始预期通胀在长期内保持在2%以上的风险。”随着美联储进入缄默期,市场对于本月政策前景基本达成了共识。包括高盛、美国银行和野村证券在内的多家机构将9月会议的预测从50基点上调至75基点。芝商所CME利率观察工具显示,一周后美联储历史性的75基点“三连加”概率已经升至了92%。美国汽油价格较6月高位回落近26%(来源:美国汽车协会AAA)如今近40年来最激进的加息周期正在产生效果。自6月消费者物价指数(CPI)突破9%以后,通胀见顶迹象愈加明显。资产管理机构BK Asset Management宏观策略师施罗斯伯格(Boris Schlossberg)在接受第一财经采访时表示,对于物价而言,能源价格的变动影响最大。美国汽车协会(AAA)数据显示,汽油平均价格已超过80天连续回落,夏季驾驶季结束对供需关系的影响有望持续释放。与此同时,美元强势对其他大宗商品的冲击也缓解终端产品的价格压力。供应链逐步恢复、需求降温下的经济放缓正在使原本紧张的消费供需环境得到缓解。最新美国采购经理人(PMI)调查显示,制造商支付价格指数降至2020年6月以来的最低水平,而服务业支付价格价格则刷新2021年1月以来新低。美国供应管理研究所(Institute for Supply Management)服务业调查委员会主席尼维斯(Anthony Nieves)表示,受访者称近期供应链、物流成本都有所改善。美国8月ISM制造业支付指数降至近27个月低位通胀预期正在逐步降温。密歇根大学消费者调查显示,8月1年期通胀预期从此前的5.2%降至4.8%,创年内新低,同时5年期通胀预期回落到2.9%,处于近一年的区间下端。与此同时,作为重要物价前景指标,美债市场一年期盈亏平衡通胀率已经降至2%以下,这也是近两年来首次低于这一水平。瑞士信贷首席美国股市策略师兼量化研究负责人戈卢布(Jonathan Golub)认为,这是通胀预期崩溃的最新迹象 ,“美联储并不是在试图控制下一次通胀指标,而是在试图控制未来12至18个月的通胀。如果预期通胀正在下降,在其他条件不变的情况下,这可能意味着政策不必过度收紧。”加息节奏何时调整从联邦基金利率期货报价看,在9月预期加息75基点后,年内剩余两次会议继续加息至少100基点的概率同样达到30%,但可能在明年3月后暂停本轮紧缩周期。这显示出,投资者对美联储年内继续鹰派立场的担忧依然存在,而随着利率达到或超过限制水平,货币政策有望迎来新窗口期。施罗斯伯格告诉第一财经,油价有助于抑制短期通胀预期,但还有其他障碍可能让美联储无法放松警惕。例如,住房、教育、医疗、交通等“核心”通胀因素的成本短期内更难控制。从美联储官员的表态看,他们似乎认为通胀降温的速度并不像预想的那样顺利。富国银行指出,美联储的通胀斗争日趋复杂化。食品、燃料价格回落的同时,粘性通胀(如公寓租金)的存在意味着未来几个月通胀道路将“崎岖不平”。该行预计,CPI将在2022年底回落到7%以下,然后在明年年底降至3.5%。这仍将远高于美联储2%的目标。当地时间13日美国公布的通胀数据有望成为美联储下一步行动的重要基准点。目前市场预期8月CPI同比增速将回落至8%,环比月率将回落0.1个百分点,为2020年5月疫情初期以来首次,不过核心CPI月率将小幅反弹。T.Rowe Price首席美国经济学家乌鲁奇(Blerina Uruci)写道:“由于基数效应,在未来两份报告中,年度核心通胀可能会加快,这将成为美联储不安的因素。他们将更加关注动能,并关注未来三个月和六个月的增速变化。同时,美联储对公众和国会的看法也很敏感,有理由保持鹰派的立场。”联合信贷银行(UniCredit Bank)认为,最新通胀数据将喜忧参半,总体上是中性的。美联储将继续观察未来的数据表现,作为政策决定的参考依据。BMO Capital Market策略师林根(Ian Lyngen)则写道,在8月CPI为75基点定价时,市场将思考,美联储将如何调整未来加息的节奏。值得注意的是,货币政策对经济的影响已经引起了美联储内部的广泛关注。美国8月PMI跌破荣枯线,房地产市场降温迹象愈发明显。鲍威尔上月在杰克逊霍尔演讲中表示,加息可能会造成“痛苦”和“持续低于趋势的增长期”。美国财长耶伦上周日表示,(经济衰退)是一个令人担忧的问题,“美联储需要高超的技能,也需要一些运气,才能实现我们有时所说的软着陆,即在保持劳动力市场强劲的同时降低通胀。”因此,外界将密切关注接下来美联储可能出现的任何政策立场变化信号。牛津经济研究院高级经济学家施瓦茨(Bob Schwartz)此前在接受第一财经记者时表示,美国个人储蓄率已经降至5%,这是2009年以来的最低水平。虽然消费者支出表现出韧性,但选择变得更为谨慎。如今经济放缓对就业市场的冲击正在显现,他预计劳动力需求和经济环境疲软将转化为2023年消费势头放缓,进而威胁软着陆的目标。","news_type":1,"symbols_score_info":{"161125":0.9,"SSO":0.9,"OEX":0.9,"SQQQ":0.9,".IXIC":0.9,"IVV":0.9,"PSQ":0.9,"QID":0.9,"UPRO":0.9,"TQQQ":0.9,"NQmain":0.9,"OEF":0.9,"MNQmain":0.9,"DOG":0.9,"QQQ":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996871968,"gmtCreate":1661152062656,"gmtModify":1676536462910,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996871968","repostId":"1141625467","repostType":2,"isVote":1,"tweetType":1,"viewCount":5342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906121703,"gmtCreate":1659499466404,"gmtModify":1705981045032,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906121703","repostId":"2256670674","repostType":2,"repost":{"id":"2256670674","kind":"news","pubTimestamp":1659488233,"share":"https://ttm.financial/m/news/2256670674?lang=en_US&edition=fundamental","pubTime":"2022-08-03 08:57","market":"hk","language":"zh","title":"What is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?","url":"https://stock-news.laohu8.com/highlight/detail?id=2256670674","media":"大摩财经","summary":"一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.43","content":"<p><html><head></head><body>A small to medium-sized Chinese concept stock that has received little attention has stirred up a \"demonic storm\" on Wall Street: within half a month of its listing, its stock price rose 215 times, and its market capitalization exceeded $310 billion.</p><p>Controlled by Hong Kong businessman Choi Chi-kin<a href=\"https://laohu8.com/S/HKD\">Shangchengshu Science</a>It listed on the US stock market on July 14 with an offering price of $7.80. After the greenshoe, it raised $143.5 million, making it the largest Chinese concept stock IPO in the US this year.</p><p>After its listing, Shangcheng Digital Technology unexpectedly experienced a strong upward trend, with gains exceeding 100% for several consecutive trading days. On August 1, the closing price was $742, a 94-fold increase compared to the issue price. On August 2, Shangcheng Digital Technology closed at $1,679, with its market capitalization exceeding $310 billion at its peak. Leading Chinese companies listed in the US<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The market capitalization that day was approximately $240 billion.</p><p><b>It is worth mentioning that Shangcheng Digital Technology has a total share capital of 74.01 million shares, but only 8.37 million shares are circulating, accounting for approximately 11.3%. After listing, the daily trading volume was only a few hundred thousand shares.</b></p><p><b>The most volatile \"speculative stocks\" this year</b></p><p>Shangcheng Digital Technology is a digital finance company under Shangcheng Group. Shangcheng Group was originally founded in 2003 by Li Ka-shing's Cheung Kong Holdings and Hutchison Whampoa, and introduced new shareholders in 2014.<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Following the establishment of the Asian Private Equity Fund (MSPE), the Li family is no longer involved in its day-to-day management and operations. Tsai Chi-kin, a Hong Kong businessman with a background in investment banking, has become the actual controller of Shangcheng Group.</p><p>Public information shows that Shangcheng Group has laid out its business around the IDEA strategy, with \"I\" representing investment banking and traditional finance, \"D\" representing the digital finance sector (Shangcheng Digital Technology), \"E\" representing education, and \"A\" representing real estate and hotels.</p><p>In recent years, Shangcheng Group has continuously spun off its business segments and gone public, among which<a href=\"https://laohu8.com/S/AMTD\">Shangcheng International</a>It listed on the New York Stock Exchange in August 2019 and in 2020.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>This secondary listing marks Singapore's first listed company with a dual-class share structure.</p><p>Shangcheng Digital Technology was founded in 2019 and was acquired by Shangcheng International for US$1.2 billion in early 2022. Following the acquisition, Shangcheng International will own 97.1% of the equity of Shangcheng Digital Technology, which will also change its stock abbreviation to Shangcheng IDEA Group.</p><p><b>As of the end of 2021, AMTD Group held 50.6% of Shangcheng International's shares, while Infinity Power Investments Limited, wholly owned by Cai Zhijian, held 32.5%.<a href=\"https://laohu8.com/S/00355\">Century City International</a>It holds 5.8% of the shares. According to the prospectus, Infinity Power Investments Limited is the largest single shareholder of AMTD International. AMTD Group's shareholding is not disclosed. According to the prospectus, it is only known that its board members include Cai Zhijian.</b><img src=\"https://static.tigerbbs.com/a9330f70732bcf7f381d1ac52029f9d8\" tg-width=\"1080\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/>It is worth mentioning that the stock price of Shangcheng IDEA Group (formerly Shangcheng International) rose sharply on August 2, reaching a historical high of $12.89 during the session. As of 11 p.m. on August 2, Shangcheng IDEA Group had increased by about 300%, and its latest market capitalization was around $3.1 billion.</p><p>Tsai Chih-chien, 44, previously worked at PwC.<a href=\"https://laohu8.com/S/UBS\">UBS</a>Wait for the company to take up a position. From 2014 to 2015, while working at UBS, Tsai Chi-kin participated in two projects that were investigated by the Hong Kong Securities and Futures Commission due to conflicts of interest and information disclosure issues. In January 2022, the Hong Kong Securities and Futures Commission issued a Notice of Decision to Tsai Chi-kin, ruling that Tsai Chi-kin had committed two illegal acts: disclosure and fair treatment and conflict of interest, and imposed a two-year ban on him from the business. Cai Zhijian subsequently filed a review application and a closed-door hearing application.</p><p>However, Tsai Chih-chien's application for a closed-door hearing was not approved. The case is currently pending trial and the injunction has not yet taken effect. The formal hearing will be held in public between December 12 and 16, 2022.</p><p>In 2019, Cai Zhijian was pursued by China Minsheng Investment Group and accused of financial fraud. Since then, Cai Zhijian's whereabouts have become more low-key. Caixin, citing sources familiar with the matter, reported that Tsai Chih-chien apparently left Hong Kong this year to avoid debt and was in Singapore between March and April 2022.</p><p><b>How big is the bubble?</b></p><p>After the market closed on August 1, Shangcheng Digital's rolling P/E had reached 5992 times. Can Shangcheng Digital Technology's fundamentals support such a valuation?</p><p>In contrast, the average P/E of the S&P 500 is less than 20 times that of US financial giants.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>P/E is less than 9 times, and Morgan Stanley P/E is 10.7 times.</p><p>Compared to international giants, Shangcheng Digital Technology is overrated by more than a little bit. For fiscal years 2019 to 2021 (ending April 30 of that year), Shangcheng Digital Technology's revenue was HK$15 million, HK$167.5 million, and HK$195.8 million, respectively. Profit (including changes in fair value of financial assets) for the same period was HK$22 million, HK$158 million and HK$172 million, respectively. In the ten months from May 2021 to the end of February 2021, Shangcheng Digital Technology's revenue was HK$168 million and its net profit was HK$187 million, representing year-on-year increases of 3.7% and 65.5%, respectively.</p><p>Shangcheng Digital Technology has two main business lines: digital financial services and cobweb ecosystem solutions. Among them, digital financial services mainly provide customers with insurance and digital banking services. The \"scarcest digital finance license in Asia,\" which Shangcheng Digital Technology has repeatedly emphasized, actually only implements an insurance brokerage license, which can conduct insurance brokerage business in Singapore and Hong Kong. The remaining financial assets and licenses still need to be approved by the Monetary Authority of Singapore.</p><p>Another major business line, the SpiderNet ecosystem solution, provides paid members with exclusive access to the AMTD SpiderNet ecosystem and its renowned corporate members, outstanding corporate executives, and partners. At the same time, the business provides support in relevant professional fields by collaborating with industry leaders and academic institutions. To summarize briefly, this business doesn't seem much different from that of a typical investment banking think tank.</p><p>It is worth mentioning that the growth rates of Shangcheng Digital Technology's two major businesses have slowed down significantly. From fiscal year 2019 to the first ten months of fiscal year 2022, revenue from the digital financial services business was HK$8.671 million, HK$9.869 million, HK$11.721 million and HK$10.088 million, respectively. During the same period, profits were HK$1.863 million, HK$4.765 million, HK$1.084 million and HK$1.089 million, respectively.<b>In the first ten months of fiscal year 2022, both revenue and profit in the digital financial services business declined year-on-year, with profit declining by 18%, far exceeding the 2.74% decline in revenue.</b><img src=\"https://static.tigerbbs.com/ca72e2d599028c697449c8c68834fa9a\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/>In the first ten months of fiscal years 2019 to 2022, Shangcheng Digital's spider web ecosystem solutions business generated revenue of HK$5.88 million, HK$158 million, HK$184 million and HK$157 million respectively, with profits of HK$1.95 million, HK$140 million, HK$144 million and HK$117 million.<b>Although this business maintained revenue growth in the first ten months of fiscal year 2022, it fell into a situation of increased revenue but not increased profit, with profits declining by 2.5% year-on-year.</b></p><p></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">大摩财经</strong><span class=\"h-time small\">2022-08-03 08:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A small to medium-sized Chinese concept stock that has received little attention has stirred up a \"demonic storm\" on Wall Street: within half a month of its listing, its stock price rose 215 times, and its market capitalization exceeded $310 billion.</p><p>Controlled by Hong Kong businessman Choi Chi-kin<a href=\"https://laohu8.com/S/HKD\">Shangchengshu Science</a>It listed on the US stock market on July 14 with an offering price of $7.80. After the greenshoe, it raised $143.5 million, making it the largest Chinese concept stock IPO in the US this year.</p><p>After its listing, Shangcheng Digital Technology unexpectedly experienced a strong upward trend, with gains exceeding 100% for several consecutive trading days. On August 1, the closing price was $742, a 94-fold increase compared to the issue price. On August 2, Shangcheng Digital Technology closed at $1,679, with its market capitalization exceeding $310 billion at its peak. Leading Chinese companies listed in the US<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The market capitalization that day was approximately $240 billion.</p><p><b>It is worth mentioning that Shangcheng Digital Technology has a total share capital of 74.01 million shares, but only 8.37 million shares are circulating, accounting for approximately 11.3%. After listing, the daily trading volume was only a few hundred thousand shares.</b></p><p><b>The most volatile \"speculative stocks\" this year</b></p><p>Shangcheng Digital Technology is a digital finance company under Shangcheng Group. Shangcheng Group was originally founded in 2003 by Li Ka-shing's Cheung Kong Holdings and Hutchison Whampoa, and introduced new shareholders in 2014.<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Following the establishment of the Asian Private Equity Fund (MSPE), the Li family is no longer involved in its day-to-day management and operations. Tsai Chi-kin, a Hong Kong businessman with a background in investment banking, has become the actual controller of Shangcheng Group.</p><p>Public information shows that Shangcheng Group has laid out its business around the IDEA strategy, with \"I\" representing investment banking and traditional finance, \"D\" representing the digital finance sector (Shangcheng Digital Technology), \"E\" representing education, and \"A\" representing real estate and hotels.</p><p>In recent years, Shangcheng Group has continuously spun off its business segments and gone public, among which<a href=\"https://laohu8.com/S/AMTD\">Shangcheng International</a>It listed on the New York Stock Exchange in August 2019 and in 2020.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>This secondary listing marks Singapore's first listed company with a dual-class share structure.</p><p>Shangcheng Digital Technology was founded in 2019 and was acquired by Shangcheng International for US$1.2 billion in early 2022. Following the acquisition, Shangcheng International will own 97.1% of the equity of Shangcheng Digital Technology, which will also change its stock abbreviation to Shangcheng IDEA Group.</p><p><b>As of the end of 2021, AMTD Group held 50.6% of Shangcheng International's shares, while Infinity Power Investments Limited, wholly owned by Cai Zhijian, held 32.5%.<a href=\"https://laohu8.com/S/00355\">Century City International</a>It holds 5.8% of the shares. According to the prospectus, Infinity Power Investments Limited is the largest single shareholder of AMTD International. AMTD Group's shareholding is not disclosed. According to the prospectus, it is only known that its board members include Cai Zhijian.</b><img src=\"https://static.tigerbbs.com/a9330f70732bcf7f381d1ac52029f9d8\" tg-width=\"1080\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/>It is worth mentioning that the stock price of Shangcheng IDEA Group (formerly Shangcheng International) rose sharply on August 2, reaching a historical high of $12.89 during the session. As of 11 p.m. on August 2, Shangcheng IDEA Group had increased by about 300%, and its latest market capitalization was around $3.1 billion.</p><p>Tsai Chih-chien, 44, previously worked at PwC.<a href=\"https://laohu8.com/S/UBS\">UBS</a>Wait for the company to take up a position. From 2014 to 2015, while working at UBS, Tsai Chi-kin participated in two projects that were investigated by the Hong Kong Securities and Futures Commission due to conflicts of interest and information disclosure issues. In January 2022, the Hong Kong Securities and Futures Commission issued a Notice of Decision to Tsai Chi-kin, ruling that Tsai Chi-kin had committed two illegal acts: disclosure and fair treatment and conflict of interest, and imposed a two-year ban on him from the business. Cai Zhijian subsequently filed a review application and a closed-door hearing application.</p><p>However, Tsai Chih-chien's application for a closed-door hearing was not approved. The case is currently pending trial and the injunction has not yet taken effect. The formal hearing will be held in public between December 12 and 16, 2022.</p><p>In 2019, Cai Zhijian was pursued by China Minsheng Investment Group and accused of financial fraud. Since then, Cai Zhijian's whereabouts have become more low-key. Caixin, citing sources familiar with the matter, reported that Tsai Chih-chien apparently left Hong Kong this year to avoid debt and was in Singapore between March and April 2022.</p><p><b>How big is the bubble?</b></p><p>After the market closed on August 1, Shangcheng Digital's rolling P/E had reached 5992 times. Can Shangcheng Digital Technology's fundamentals support such a valuation?</p><p>In contrast, the average P/E of the S&P 500 is less than 20 times that of US financial giants.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>P/E is less than 9 times, and Morgan Stanley P/E is 10.7 times.</p><p>Compared to international giants, Shangcheng Digital Technology is overrated by more than a little bit. For fiscal years 2019 to 2021 (ending April 30 of that year), Shangcheng Digital Technology's revenue was HK$15 million, HK$167.5 million, and HK$195.8 million, respectively. Profit (including changes in fair value of financial assets) for the same period was HK$22 million, HK$158 million and HK$172 million, respectively. In the ten months from May 2021 to the end of February 2021, Shangcheng Digital Technology's revenue was HK$168 million and its net profit was HK$187 million, representing year-on-year increases of 3.7% and 65.5%, respectively.</p><p>Shangcheng Digital Technology has two main business lines: digital financial services and cobweb ecosystem solutions. Among them, digital financial services mainly provide customers with insurance and digital banking services. The \"scarcest digital finance license in Asia,\" which Shangcheng Digital Technology has repeatedly emphasized, actually only implements an insurance brokerage license, which can conduct insurance brokerage business in Singapore and Hong Kong. The remaining financial assets and licenses still need to be approved by the Monetary Authority of Singapore.</p><p>Another major business line, the SpiderNet ecosystem solution, provides paid members with exclusive access to the AMTD SpiderNet ecosystem and its renowned corporate members, outstanding corporate executives, and partners. At the same time, the business provides support in relevant professional fields by collaborating with industry leaders and academic institutions. To summarize briefly, this business doesn't seem much different from that of a typical investment banking think tank.</p><p>It is worth mentioning that the growth rates of Shangcheng Digital Technology's two major businesses have slowed down significantly. From fiscal year 2019 to the first ten months of fiscal year 2022, revenue from the digital financial services business was HK$8.671 million, HK$9.869 million, HK$11.721 million and HK$10.088 million, respectively. During the same period, profits were HK$1.863 million, HK$4.765 million, HK$1.084 million and HK$1.089 million, respectively.<b>In the first ten months of fiscal year 2022, both revenue and profit in the digital financial services business declined year-on-year, with profit declining by 18%, far exceeding the 2.74% decline in revenue.</b><img src=\"https://static.tigerbbs.com/ca72e2d599028c697449c8c68834fa9a\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/>In the first ten months of fiscal years 2019 to 2022, Shangcheng Digital's spider web ecosystem solutions business generated revenue of HK$5.88 million, HK$158 million, HK$184 million and HK$157 million respectively, with profits of HK$1.95 million, HK$140 million, HK$144 million and HK$117 million.<b>Although this business maintained revenue growth in the first ten months of fiscal year 2022, it fell into a situation of increased revenue but not increased profit, with profits declining by 2.5% year-on-year.</b></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202208030000308211275e&s=b\">大摩财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/675f5186f47a5ae9453d9922f4bd33f5","relate_stocks":{"HKD":"尚乘数科","BK4526":"热门中概股"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202208030000308211275e&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2256670674","content_text":"一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.435亿美元,是年内最大的中概股在美IPO项目。上市后,尚乘数科意外走出强势上涨行情,连续多个交易日涨幅超过100%,8月1日收盘价742美元,相比发行价上涨94倍。8月2日,尚乘数科收盘价1679美元,市值最高突破3100亿美元。美国上市的中概龙头阿里巴巴当日市值约2400亿美元。值得一提的是,尚乘数科总股本7401万股,但流通股只有837万股,占比约11.3%。上市以后每日交易量只有几十万股。年内最妖的“妖股”尚乘数科是尚乘集团旗下的一家数字金融公司。尚乘集团最早由李嘉诚的长江实业、和记黄埔于2003年创立,2014年引入新股东摩根士丹利亚洲私募股权投资基金(MSPE)后,李氏家族不再参与其日常管理营运。投行出身的香港商人蔡志坚成为尚乘集团的实际控制人。公开资料显示,尚乘集团围绕IDEA战略展开业务布局,其中”I”代表投资银行及传统金融,“D”即数字金融板块(尚乘数科),“E”是教育方,”A”则地产及酒店。最近几年,尚乘集团不断拆分旗下业务板块上市,其中尚乘国际于2019年8月登陆纽交所,并在2020年在新加坡交易所二次上市,是新加坡第一家同股不同权的上市公司。尚乘数科成立于2019年,2022年初被尚乘国际斥资12亿美元收购。收购完成后,尚乘国际拥有尚乘数科97.1%股权,前者也将股票简称更名为尚乘IDEA集团。截至2021年底,AMTD集团持有尚乘国际50.6%股权,蔡志坚独资的Infinity Power Investments Limited 持股32.5%,世纪城市国际持股5.8%。根据招股书,Infinity Power Investments Limited是尚乘国际最大单一股东,AMTD集团股权并未披露,根据招股书内容,仅可以知道其董事会成员包括蔡志坚。值得一提的是,尚乘IDEA集团(原来的尚乘国际)在8月2日股价大幅上涨,盘中触及12.89美元的历史高点,截至8月2日23时,尚乘IDEA集团涨幅约300%,最新市值在31亿美元左右。现年44岁的蔡志坚,曾在普华永道、瑞银等公司任职。2014年至2015年,蔡志坚在瑞银工作期间,参与的两个项目,由于存在利益冲突及信息披露问题,遭到香港证监会调查。2022年1月,香港证监会向蔡志坚发出《决定通知书》,裁定蔡志坚有披露及公平对待、利益冲突两项违法行为,并对其做出禁业两年的处罚决定。蔡志坚随后提出了复核申请,并提出了闭门聆讯申请。不过,蔡志坚的闭门聆讯申请并没有通过,目前该案尚待审理,禁令暂未生效,正式聆讯将在2022年12月12日至16日间公开举行。2019年,蔡志坚曾被中民投追债,并被指控金融诈骗。此后,蔡志坚行踪趋于低调。财新引述知情人士消息称,蔡志坚今年疑似为躲债而离开香港,2022年3月至4月期间,曾身处新加坡。泡沫有多大?8月1日收盘后,尚乘数科的滚动市盈率已经达到5992倍。尚乘数科的基本面能撑起这样的估值吗?作为对比的是,标普500指数平均市盈率不到20倍,美国金融巨头摩根大通市盈率不到9倍,摩根士丹利市盈率为10.7倍。相比国际巨头,尚乘数科被高估了不止一星半点。2019财年至2021财年(截至当年4月30日),尚乘数科营收分别为0.15亿港元、1.675亿港元和1.958亿港元;同期利润(包括金融资产公允价值的变动)分别为0.22亿港元、1.58亿港元和1.72亿港元。在2021年5月至2021年2月底的十个月内,尚乘数科营收为1.68亿港元,净利润为1.87亿港元,同比分别增长3.7%和65.5%。尚乘数科主要有两大业务线,即数字金融服务和蛛网生态系统解决方案。其中,数字金融服务主要为客户提供保险和数字银行业务。尚乘数科一再强调的“亚洲最稀缺的数字金融牌照”实际落实的只有保险经纪牌照,可以在新加坡和香港进行保险经纪业务。其余的几个金融资产和牌照,还需要等待新加坡金融监管局的批准。另一大业务线蛛网生态系统解决方案,则是为付费会员提供独家访问AMTD SpiderNet生态系统及其著名的企业成员、杰出的企业高管和合作伙伴的机会。同时,该业务通过与行业领袖和学术机构合作,提供相关专业领域的支持。简单梳理一下,这个业务与一般的投行智库,似乎没有太大区别。值得一提的是,尚乘数科两大业务增速已经明显放缓。2019财年至2022财年的前十个月,数字金融服务业务营收分别为867.1万港元、986.9万港元、1172.1万港元和1008.8万港元。同期,利润为186.3万港元、476.5万港元108.4万港元和108.9万港元。2022财年前十个月,数字金融服务业务营收和利润都出现了同比下滑,其中利润下滑幅度达到18%,远大于营收下滑的2.74%。在2019财年至2022财年的前十个月,尚乘数科的蛛网生态系统解决方案业务营收分别为588万港元、1.58亿港元、1.84亿港元和1.57亿港元,利润为195万港元、1.4亿港元、1.44亿港元和1.17亿港元。这部分业务在2022财年十个月虽然保持了营收增长,但却陷入增收不增利的局面中,当期利润同比下滑2.5%。","news_type":1,"symbols_score_info":{"HKD":0.9}},"isVote":1,"tweetType":1,"viewCount":4822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906121413,"gmtCreate":1659499460335,"gmtModify":1705981044870,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"6","listText":"6","text":"6","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906121413","repostId":"2256670674","repostType":2,"repost":{"id":"2256670674","kind":"news","pubTimestamp":1659488233,"share":"https://ttm.financial/m/news/2256670674?lang=en_US&edition=fundamental","pubTime":"2022-08-03 08:57","market":"hk","language":"zh","title":"What is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?","url":"https://stock-news.laohu8.com/highlight/detail?id=2256670674","media":"大摩财经","summary":"一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.43","content":"<p><html><head></head><body>A small to medium-sized Chinese concept stock that has received little attention has stirred up a \"demonic storm\" on Wall Street: within half a month of its listing, its stock price rose 215 times, and its market capitalization exceeded $310 billion.</p><p>Controlled by Hong Kong businessman Choi Chi-kin<a href=\"https://laohu8.com/S/HKD\">Shangchengshu Science</a>It listed on the US stock market on July 14 with an offering price of $7.80. After the greenshoe, it raised $143.5 million, making it the largest Chinese concept stock IPO in the US this year.</p><p>After its listing, Shangcheng Digital Technology unexpectedly experienced a strong upward trend, with gains exceeding 100% for several consecutive trading days. On August 1, the closing price was $742, a 94-fold increase compared to the issue price. On August 2, Shangcheng Digital Technology closed at $1,679, with its market capitalization exceeding $310 billion at its peak. Leading Chinese companies listed in the US<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The market capitalization that day was approximately $240 billion.</p><p><b>It is worth mentioning that Shangcheng Digital Technology has a total share capital of 74.01 million shares, but only 8.37 million shares are circulating, accounting for approximately 11.3%. After listing, the daily trading volume was only a few hundred thousand shares.</b></p><p><b>The most volatile \"speculative stocks\" this year</b></p><p>Shangcheng Digital Technology is a digital finance company under Shangcheng Group. Shangcheng Group was originally founded in 2003 by Li Ka-shing's Cheung Kong Holdings and Hutchison Whampoa, and introduced new shareholders in 2014.<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Following the establishment of the Asian Private Equity Fund (MSPE), the Li family is no longer involved in its day-to-day management and operations. Tsai Chi-kin, a Hong Kong businessman with a background in investment banking, has become the actual controller of Shangcheng Group.</p><p>Public information shows that Shangcheng Group has laid out its business around the IDEA strategy, with \"I\" representing investment banking and traditional finance, \"D\" representing the digital finance sector (Shangcheng Digital Technology), \"E\" representing education, and \"A\" representing real estate and hotels.</p><p>In recent years, Shangcheng Group has continuously spun off its business segments and gone public, among which<a href=\"https://laohu8.com/S/AMTD\">Shangcheng International</a>It listed on the New York Stock Exchange in August 2019 and in 2020.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>This secondary listing marks Singapore's first listed company with a dual-class share structure.</p><p>Shangcheng Digital Technology was founded in 2019 and was acquired by Shangcheng International for US$1.2 billion in early 2022. Following the acquisition, Shangcheng International will own 97.1% of the equity of Shangcheng Digital Technology, which will also change its stock abbreviation to Shangcheng IDEA Group.</p><p><b>As of the end of 2021, AMTD Group held 50.6% of Shangcheng International's shares, while Infinity Power Investments Limited, wholly owned by Cai Zhijian, held 32.5%.<a href=\"https://laohu8.com/S/00355\">Century City International</a>It holds 5.8% of the shares. According to the prospectus, Infinity Power Investments Limited is the largest single shareholder of AMTD International. AMTD Group's shareholding is not disclosed. According to the prospectus, it is only known that its board members include Cai Zhijian.</b><img src=\"https://static.tigerbbs.com/a9330f70732bcf7f381d1ac52029f9d8\" tg-width=\"1080\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/>It is worth mentioning that the stock price of Shangcheng IDEA Group (formerly Shangcheng International) rose sharply on August 2, reaching a historical high of $12.89 during the session. As of 11 p.m. on August 2, Shangcheng IDEA Group had increased by about 300%, and its latest market capitalization was around $3.1 billion.</p><p>Tsai Chih-chien, 44, previously worked at PwC.<a href=\"https://laohu8.com/S/UBS\">UBS</a>Wait for the company to take up a position. From 2014 to 2015, while working at UBS, Tsai Chi-kin participated in two projects that were investigated by the Hong Kong Securities and Futures Commission due to conflicts of interest and information disclosure issues. In January 2022, the Hong Kong Securities and Futures Commission issued a Notice of Decision to Tsai Chi-kin, ruling that Tsai Chi-kin had committed two illegal acts: disclosure and fair treatment and conflict of interest, and imposed a two-year ban on him from the business. Cai Zhijian subsequently filed a review application and a closed-door hearing application.</p><p>However, Tsai Chih-chien's application for a closed-door hearing was not approved. The case is currently pending trial and the injunction has not yet taken effect. The formal hearing will be held in public between December 12 and 16, 2022.</p><p>In 2019, Cai Zhijian was pursued by China Minsheng Investment Group and accused of financial fraud. Since then, Cai Zhijian's whereabouts have become more low-key. Caixin, citing sources familiar with the matter, reported that Tsai Chih-chien apparently left Hong Kong this year to avoid debt and was in Singapore between March and April 2022.</p><p><b>How big is the bubble?</b></p><p>After the market closed on August 1, Shangcheng Digital's rolling P/E had reached 5992 times. Can Shangcheng Digital Technology's fundamentals support such a valuation?</p><p>In contrast, the average P/E of the S&P 500 is less than 20 times that of US financial giants.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>P/E is less than 9 times, and Morgan Stanley P/E is 10.7 times.</p><p>Compared to international giants, Shangcheng Digital Technology is overrated by more than a little bit. For fiscal years 2019 to 2021 (ending April 30 of that year), Shangcheng Digital Technology's revenue was HK$15 million, HK$167.5 million, and HK$195.8 million, respectively. Profit (including changes in fair value of financial assets) for the same period was HK$22 million, HK$158 million and HK$172 million, respectively. In the ten months from May 2021 to the end of February 2021, Shangcheng Digital Technology's revenue was HK$168 million and its net profit was HK$187 million, representing year-on-year increases of 3.7% and 65.5%, respectively.</p><p>Shangcheng Digital Technology has two main business lines: digital financial services and cobweb ecosystem solutions. Among them, digital financial services mainly provide customers with insurance and digital banking services. The \"scarcest digital finance license in Asia,\" which Shangcheng Digital Technology has repeatedly emphasized, actually only implements an insurance brokerage license, which can conduct insurance brokerage business in Singapore and Hong Kong. The remaining financial assets and licenses still need to be approved by the Monetary Authority of Singapore.</p><p>Another major business line, the SpiderNet ecosystem solution, provides paid members with exclusive access to the AMTD SpiderNet ecosystem and its renowned corporate members, outstanding corporate executives, and partners. At the same time, the business provides support in relevant professional fields by collaborating with industry leaders and academic institutions. To summarize briefly, this business doesn't seem much different from that of a typical investment banking think tank.</p><p>It is worth mentioning that the growth rates of Shangcheng Digital Technology's two major businesses have slowed down significantly. From fiscal year 2019 to the first ten months of fiscal year 2022, revenue from the digital financial services business was HK$8.671 million, HK$9.869 million, HK$11.721 million and HK$10.088 million, respectively. During the same period, profits were HK$1.863 million, HK$4.765 million, HK$1.084 million and HK$1.089 million, respectively.<b>In the first ten months of fiscal year 2022, both revenue and profit in the digital financial services business declined year-on-year, with profit declining by 18%, far exceeding the 2.74% decline in revenue.</b><img src=\"https://static.tigerbbs.com/ca72e2d599028c697449c8c68834fa9a\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/>In the first ten months of fiscal years 2019 to 2022, Shangcheng Digital's spider web ecosystem solutions business generated revenue of HK$5.88 million, HK$158 million, HK$184 million and HK$157 million respectively, with profits of HK$1.95 million, HK$140 million, HK$144 million and HK$117 million.<b>Although this business maintained revenue growth in the first ten months of fiscal year 2022, it fell into a situation of increased revenue but not increased profit, with profits declining by 2.5% year-on-year.</b></p><p></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat is the origin of the \"speculative stock\" Shangcheng Data Technology? How big is the bubble?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">大摩财经</strong><span class=\"h-time small\">2022-08-03 08:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A small to medium-sized Chinese concept stock that has received little attention has stirred up a \"demonic storm\" on Wall Street: within half a month of its listing, its stock price rose 215 times, and its market capitalization exceeded $310 billion.</p><p>Controlled by Hong Kong businessman Choi Chi-kin<a href=\"https://laohu8.com/S/HKD\">Shangchengshu Science</a>It listed on the US stock market on July 14 with an offering price of $7.80. After the greenshoe, it raised $143.5 million, making it the largest Chinese concept stock IPO in the US this year.</p><p>After its listing, Shangcheng Digital Technology unexpectedly experienced a strong upward trend, with gains exceeding 100% for several consecutive trading days. On August 1, the closing price was $742, a 94-fold increase compared to the issue price. On August 2, Shangcheng Digital Technology closed at $1,679, with its market capitalization exceeding $310 billion at its peak. Leading Chinese companies listed in the US<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The market capitalization that day was approximately $240 billion.</p><p><b>It is worth mentioning that Shangcheng Digital Technology has a total share capital of 74.01 million shares, but only 8.37 million shares are circulating, accounting for approximately 11.3%. After listing, the daily trading volume was only a few hundred thousand shares.</b></p><p><b>The most volatile \"speculative stocks\" this year</b></p><p>Shangcheng Digital Technology is a digital finance company under Shangcheng Group. Shangcheng Group was originally founded in 2003 by Li Ka-shing's Cheung Kong Holdings and Hutchison Whampoa, and introduced new shareholders in 2014.<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Following the establishment of the Asian Private Equity Fund (MSPE), the Li family is no longer involved in its day-to-day management and operations. Tsai Chi-kin, a Hong Kong businessman with a background in investment banking, has become the actual controller of Shangcheng Group.</p><p>Public information shows that Shangcheng Group has laid out its business around the IDEA strategy, with \"I\" representing investment banking and traditional finance, \"D\" representing the digital finance sector (Shangcheng Digital Technology), \"E\" representing education, and \"A\" representing real estate and hotels.</p><p>In recent years, Shangcheng Group has continuously spun off its business segments and gone public, among which<a href=\"https://laohu8.com/S/AMTD\">Shangcheng International</a>It listed on the New York Stock Exchange in August 2019 and in 2020.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>This secondary listing marks Singapore's first listed company with a dual-class share structure.</p><p>Shangcheng Digital Technology was founded in 2019 and was acquired by Shangcheng International for US$1.2 billion in early 2022. Following the acquisition, Shangcheng International will own 97.1% of the equity of Shangcheng Digital Technology, which will also change its stock abbreviation to Shangcheng IDEA Group.</p><p><b>As of the end of 2021, AMTD Group held 50.6% of Shangcheng International's shares, while Infinity Power Investments Limited, wholly owned by Cai Zhijian, held 32.5%.<a href=\"https://laohu8.com/S/00355\">Century City International</a>It holds 5.8% of the shares. According to the prospectus, Infinity Power Investments Limited is the largest single shareholder of AMTD International. AMTD Group's shareholding is not disclosed. According to the prospectus, it is only known that its board members include Cai Zhijian.</b><img src=\"https://static.tigerbbs.com/a9330f70732bcf7f381d1ac52029f9d8\" tg-width=\"1080\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/>It is worth mentioning that the stock price of Shangcheng IDEA Group (formerly Shangcheng International) rose sharply on August 2, reaching a historical high of $12.89 during the session. As of 11 p.m. on August 2, Shangcheng IDEA Group had increased by about 300%, and its latest market capitalization was around $3.1 billion.</p><p>Tsai Chih-chien, 44, previously worked at PwC.<a href=\"https://laohu8.com/S/UBS\">UBS</a>Wait for the company to take up a position. From 2014 to 2015, while working at UBS, Tsai Chi-kin participated in two projects that were investigated by the Hong Kong Securities and Futures Commission due to conflicts of interest and information disclosure issues. In January 2022, the Hong Kong Securities and Futures Commission issued a Notice of Decision to Tsai Chi-kin, ruling that Tsai Chi-kin had committed two illegal acts: disclosure and fair treatment and conflict of interest, and imposed a two-year ban on him from the business. Cai Zhijian subsequently filed a review application and a closed-door hearing application.</p><p>However, Tsai Chih-chien's application for a closed-door hearing was not approved. The case is currently pending trial and the injunction has not yet taken effect. The formal hearing will be held in public between December 12 and 16, 2022.</p><p>In 2019, Cai Zhijian was pursued by China Minsheng Investment Group and accused of financial fraud. Since then, Cai Zhijian's whereabouts have become more low-key. Caixin, citing sources familiar with the matter, reported that Tsai Chih-chien apparently left Hong Kong this year to avoid debt and was in Singapore between March and April 2022.</p><p><b>How big is the bubble?</b></p><p>After the market closed on August 1, Shangcheng Digital's rolling P/E had reached 5992 times. Can Shangcheng Digital Technology's fundamentals support such a valuation?</p><p>In contrast, the average P/E of the S&P 500 is less than 20 times that of US financial giants.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>P/E is less than 9 times, and Morgan Stanley P/E is 10.7 times.</p><p>Compared to international giants, Shangcheng Digital Technology is overrated by more than a little bit. For fiscal years 2019 to 2021 (ending April 30 of that year), Shangcheng Digital Technology's revenue was HK$15 million, HK$167.5 million, and HK$195.8 million, respectively. Profit (including changes in fair value of financial assets) for the same period was HK$22 million, HK$158 million and HK$172 million, respectively. In the ten months from May 2021 to the end of February 2021, Shangcheng Digital Technology's revenue was HK$168 million and its net profit was HK$187 million, representing year-on-year increases of 3.7% and 65.5%, respectively.</p><p>Shangcheng Digital Technology has two main business lines: digital financial services and cobweb ecosystem solutions. Among them, digital financial services mainly provide customers with insurance and digital banking services. The \"scarcest digital finance license in Asia,\" which Shangcheng Digital Technology has repeatedly emphasized, actually only implements an insurance brokerage license, which can conduct insurance brokerage business in Singapore and Hong Kong. The remaining financial assets and licenses still need to be approved by the Monetary Authority of Singapore.</p><p>Another major business line, the SpiderNet ecosystem solution, provides paid members with exclusive access to the AMTD SpiderNet ecosystem and its renowned corporate members, outstanding corporate executives, and partners. At the same time, the business provides support in relevant professional fields by collaborating with industry leaders and academic institutions. To summarize briefly, this business doesn't seem much different from that of a typical investment banking think tank.</p><p>It is worth mentioning that the growth rates of Shangcheng Digital Technology's two major businesses have slowed down significantly. From fiscal year 2019 to the first ten months of fiscal year 2022, revenue from the digital financial services business was HK$8.671 million, HK$9.869 million, HK$11.721 million and HK$10.088 million, respectively. During the same period, profits were HK$1.863 million, HK$4.765 million, HK$1.084 million and HK$1.089 million, respectively.<b>In the first ten months of fiscal year 2022, both revenue and profit in the digital financial services business declined year-on-year, with profit declining by 18%, far exceeding the 2.74% decline in revenue.</b><img src=\"https://static.tigerbbs.com/ca72e2d599028c697449c8c68834fa9a\" tg-width=\"1080\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/>In the first ten months of fiscal years 2019 to 2022, Shangcheng Digital's spider web ecosystem solutions business generated revenue of HK$5.88 million, HK$158 million, HK$184 million and HK$157 million respectively, with profits of HK$1.95 million, HK$140 million, HK$144 million and HK$117 million.<b>Although this business maintained revenue growth in the first ten months of fiscal year 2022, it fell into a situation of increased revenue but not increased profit, with profits declining by 2.5% year-on-year.</b></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202208030000308211275e&s=b\">大摩财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/675f5186f47a5ae9453d9922f4bd33f5","relate_stocks":{"HKD":"尚乘数科","BK4526":"热门中概股"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202208030000308211275e&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2256670674","content_text":"一家少有人注意的中小型中概股,在华尔街市场掀起一股“妖风”:上市半个月,股价上涨215倍,市值突破3100亿美元。香港商人蔡志坚控制的尚乘数科于7月14日登陆美股,发行价7.8美元,绿鞋后募资1.435亿美元,是年内最大的中概股在美IPO项目。上市后,尚乘数科意外走出强势上涨行情,连续多个交易日涨幅超过100%,8月1日收盘价742美元,相比发行价上涨94倍。8月2日,尚乘数科收盘价1679美元,市值最高突破3100亿美元。美国上市的中概龙头阿里巴巴当日市值约2400亿美元。值得一提的是,尚乘数科总股本7401万股,但流通股只有837万股,占比约11.3%。上市以后每日交易量只有几十万股。年内最妖的“妖股”尚乘数科是尚乘集团旗下的一家数字金融公司。尚乘集团最早由李嘉诚的长江实业、和记黄埔于2003年创立,2014年引入新股东摩根士丹利亚洲私募股权投资基金(MSPE)后,李氏家族不再参与其日常管理营运。投行出身的香港商人蔡志坚成为尚乘集团的实际控制人。公开资料显示,尚乘集团围绕IDEA战略展开业务布局,其中”I”代表投资银行及传统金融,“D”即数字金融板块(尚乘数科),“E”是教育方,”A”则地产及酒店。最近几年,尚乘集团不断拆分旗下业务板块上市,其中尚乘国际于2019年8月登陆纽交所,并在2020年在新加坡交易所二次上市,是新加坡第一家同股不同权的上市公司。尚乘数科成立于2019年,2022年初被尚乘国际斥资12亿美元收购。收购完成后,尚乘国际拥有尚乘数科97.1%股权,前者也将股票简称更名为尚乘IDEA集团。截至2021年底,AMTD集团持有尚乘国际50.6%股权,蔡志坚独资的Infinity Power Investments Limited 持股32.5%,世纪城市国际持股5.8%。根据招股书,Infinity Power Investments Limited是尚乘国际最大单一股东,AMTD集团股权并未披露,根据招股书内容,仅可以知道其董事会成员包括蔡志坚。值得一提的是,尚乘IDEA集团(原来的尚乘国际)在8月2日股价大幅上涨,盘中触及12.89美元的历史高点,截至8月2日23时,尚乘IDEA集团涨幅约300%,最新市值在31亿美元左右。现年44岁的蔡志坚,曾在普华永道、瑞银等公司任职。2014年至2015年,蔡志坚在瑞银工作期间,参与的两个项目,由于存在利益冲突及信息披露问题,遭到香港证监会调查。2022年1月,香港证监会向蔡志坚发出《决定通知书》,裁定蔡志坚有披露及公平对待、利益冲突两项违法行为,并对其做出禁业两年的处罚决定。蔡志坚随后提出了复核申请,并提出了闭门聆讯申请。不过,蔡志坚的闭门聆讯申请并没有通过,目前该案尚待审理,禁令暂未生效,正式聆讯将在2022年12月12日至16日间公开举行。2019年,蔡志坚曾被中民投追债,并被指控金融诈骗。此后,蔡志坚行踪趋于低调。财新引述知情人士消息称,蔡志坚今年疑似为躲债而离开香港,2022年3月至4月期间,曾身处新加坡。泡沫有多大?8月1日收盘后,尚乘数科的滚动市盈率已经达到5992倍。尚乘数科的基本面能撑起这样的估值吗?作为对比的是,标普500指数平均市盈率不到20倍,美国金融巨头摩根大通市盈率不到9倍,摩根士丹利市盈率为10.7倍。相比国际巨头,尚乘数科被高估了不止一星半点。2019财年至2021财年(截至当年4月30日),尚乘数科营收分别为0.15亿港元、1.675亿港元和1.958亿港元;同期利润(包括金融资产公允价值的变动)分别为0.22亿港元、1.58亿港元和1.72亿港元。在2021年5月至2021年2月底的十个月内,尚乘数科营收为1.68亿港元,净利润为1.87亿港元,同比分别增长3.7%和65.5%。尚乘数科主要有两大业务线,即数字金融服务和蛛网生态系统解决方案。其中,数字金融服务主要为客户提供保险和数字银行业务。尚乘数科一再强调的“亚洲最稀缺的数字金融牌照”实际落实的只有保险经纪牌照,可以在新加坡和香港进行保险经纪业务。其余的几个金融资产和牌照,还需要等待新加坡金融监管局的批准。另一大业务线蛛网生态系统解决方案,则是为付费会员提供独家访问AMTD SpiderNet生态系统及其著名的企业成员、杰出的企业高管和合作伙伴的机会。同时,该业务通过与行业领袖和学术机构合作,提供相关专业领域的支持。简单梳理一下,这个业务与一般的投行智库,似乎没有太大区别。值得一提的是,尚乘数科两大业务增速已经明显放缓。2019财年至2022财年的前十个月,数字金融服务业务营收分别为867.1万港元、986.9万港元、1172.1万港元和1008.8万港元。同期,利润为186.3万港元、476.5万港元108.4万港元和108.9万港元。2022财年前十个月,数字金融服务业务营收和利润都出现了同比下滑,其中利润下滑幅度达到18%,远大于营收下滑的2.74%。在2019财年至2022财年的前十个月,尚乘数科的蛛网生态系统解决方案业务营收分别为588万港元、1.58亿港元、1.84亿港元和1.57亿港元,利润为195万港元、1.4亿港元、1.44亿港元和1.17亿港元。这部分业务在2022财年十个月虽然保持了营收增长,但却陷入增收不增利的局面中,当期利润同比下滑2.5%。","news_type":1,"symbols_score_info":{"HKD":0.9}},"isVote":1,"tweetType":1,"viewCount":6478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909148235,"gmtCreate":1658839554727,"gmtModify":1676536215223,"author":{"id":"3578098715246654","authorId":"3578098715246654","name":"开洱文","avatar":"https://community-static.tradeup.com/news/e6a32c6dd5e85c5b3bf6c591b38391d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578098715246654","idStr":"3578098715246654"},"themes":[],"title":"","htmlText":"66","listText":"66","text":"66","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909148235","repostId":"1124135125","repostType":4,"isVote":1,"tweetType":1,"viewCount":4671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}