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2021-07-02

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Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5

2021-07-12

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"Buy every earnings season" may fail! U.S. stock outlook encounters 4 hidden worries and traps

2021-07-12

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Tiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%

2021-06-29

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Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot

2021-06-29

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Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot

2021-07-12

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Is the biggest test for U.S. stocks finally here? Can performance support valuations?

2021-06-28

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What to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!

2021-06-16

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

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16:15","market":"hk","language":"zh","title":"Tiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>July 12th,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The black market quoted HK $25, an increase of 12.36% from the issue price. The company priced HK $22.25 per share, with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The black market quoted HK $1.77, an increase of 11.32% from the issue price. The company priced HK $1.59 per share, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong stock market on July 13 (Tuesday).</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed, and 45,541 people won the lottery. The winning rate of one lot was 5%. 40 lots were subscribed and one lot was stable, and the oversubscription was 292 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed, and 7,653 people won the lottery. The winning rate of one lot was 20%, and 10 lots were subscribed steadily, with an oversubscription of 6.01 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 12th,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The black market quoted HK $25, an increase of 12.36% from the issue price. The company priced HK $22.25 per share, with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The black market quoted HK $1.77, an increase of 11.32% from the issue price. The company priced HK $1.59 per share, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong stock market on July 13 (Tuesday).</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed, and 45,541 people won the lottery. The winning rate of one lot was 5%. 40 lots were subscribed and one lot was stable, and the oversubscription was 292 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed, and 7,653 people won the lottery. The winning rate of one lot was 20%, and 10 lots were subscribed steadily, with an oversubscription of 6.01 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"06913":"华南职业教育","02137":"腾盛博药-B"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":1656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>The earnings season for U.S. stocks kicks off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all hit new highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four major hidden worry traps, namely, the peak of corporate profit growth, the possible slowdown of economic growth, and variants. Virus strains are rampant and the Federal Reserve tends to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The last quarter's financial report will be announced on the 13th, symbolizing the start of the US stock earnings season. According to Fact Set data, analysts predict that the profits of S&P 500 companies in the second quarter of this year will surge 64% compared with the same period last year, the highest in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of jobs.</p><p>Let's first take a look at what Bloomberg Intelligence pointed out. During the novel coronavirus pneumonia epidemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the earnings season began, the S&P 500 index rose by an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may also lead to the peak of corporate profit growth. Therefore, investors are worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also perform poorly.</p><p>The Federal Reserve's semi-annual report on the U.S. economy submitted to Congress shows that shortages of some raw materials and labor shortages are hindering a strong economic rebound this year and prompting temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but the shortage of raw material inputs and labor continues to inhibit the restart of many commercial activities.</p><p>The report also revealed the signals of Fed officials' next decisions on recent economic development. Since March 2020, when COVID-19 pandemic set off a wave in the United States, the Federal Reserve has consistently set interest rates near zero. The Federal Reserve has indicated that it expects interest rates to remain unchanged at that level until it is determined that inflation can remain within the 2% target and the labor market returns to so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery is likely to face obstacles in the coming months, and transient inflation will remain the focus of investors' attention. Economic growth may slow down, and the most obvious signal of the weakening of the economy is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting bank stocks to lose their original appeal, and growth stocks such as technology stocks are expected to be welcome again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% early next year. Given that the policy support of the US government will weaken, and last year's low base period effect will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that the current average price-to-earnings ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its ability to withstand negative news is very weak. Coupled with the preparations of U.S. President Biden's administration to raise corporate tax rates, and rising wages and raw material costs, the impact on corporate net profits is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it would cooperate with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end the competition to attract companies through minimum tax rates, because this competition will ultimately erode government revenues. This proposal brings the position of the United States closer to the minimum tax rate of 12.5% discussed by the OECD before the United States re-entered the negotiations.</p><p>Tobias Levkovich added that the current U.S. stock market is too complacent, and many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Lower corporate profits, rising inflation concerns, the withdrawal of the Federal Reserve, government tax increases and many other negative news will continue to follow.</p><p>Investors will also keep an eye on the U.S. consumer price index (CPI) in June, which is expected to be released on July 14, and is expected to rise by 5% annually. Federal Reserve Chairman Jerome Powell will also attend the hearing on the same day to release the first-half report on monetary policy, and his speech on inflation and economic outlook will also be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index is rising far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rate of enterprises this year and next year is 14% respectively. and 10%. He believes that the surplus in 2022 needs to increase by 14%, reducing the estimated price-to-earnings ratio to 18 times, so that U.S. stocks can be considered reasonable.</p><p>In terms of COVID-19 pandemic, the United States has been hit by a new wave of variant strains, especially the Delta variant strain originally discovered in India. The U.S. Centers for Disease Control and Control (CDC) said that it has listed the Delta variant as the main virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to vaccinate an additional third dose of vaccine in August, saying that the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly infectious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The earnings season for U.S. stocks kicks off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all hit new highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four major hidden worry traps, namely, the peak of corporate profit growth, the possible slowdown of economic growth, and variants. Virus strains are rampant and the Federal Reserve tends to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The last quarter's financial report will be announced on the 13th, symbolizing the start of the US stock earnings season. According to Fact Set data, analysts predict that the profits of S&P 500 companies in the second quarter of this year will surge 64% compared with the same period last year, the highest in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of jobs.</p><p>Let's first take a look at what Bloomberg Intelligence pointed out. During the novel coronavirus pneumonia epidemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the earnings season began, the S&P 500 index rose by an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may also lead to the peak of corporate profit growth. Therefore, investors are worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also perform poorly.</p><p>The Federal Reserve's semi-annual report on the U.S. economy submitted to Congress shows that shortages of some raw materials and labor shortages are hindering a strong economic rebound this year and prompting temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but the shortage of raw material inputs and labor continues to inhibit the restart of many commercial activities.</p><p>The report also revealed the signals of Fed officials' next decisions on recent economic development. Since March 2020, when COVID-19 pandemic set off a wave in the United States, the Federal Reserve has consistently set interest rates near zero. The Federal Reserve has indicated that it expects interest rates to remain unchanged at that level until it is determined that inflation can remain within the 2% target and the labor market returns to so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery is likely to face obstacles in the coming months, and transient inflation will remain the focus of investors' attention. Economic growth may slow down, and the most obvious signal of the weakening of the economy is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting bank stocks to lose their original appeal, and growth stocks such as technology stocks are expected to be welcome again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% early next year. Given that the policy support of the US government will weaken, and last year's low base period effect will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that the current average price-to-earnings ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its ability to withstand negative news is very weak. Coupled with the preparations of U.S. President Biden's administration to raise corporate tax rates, and rising wages and raw material costs, the impact on corporate net profits is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it would cooperate with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end the competition to attract companies through minimum tax rates, because this competition will ultimately erode government revenues. This proposal brings the position of the United States closer to the minimum tax rate of 12.5% discussed by the OECD before the United States re-entered the negotiations.</p><p>Tobias Levkovich added that the current U.S. stock market is too complacent, and many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Lower corporate profits, rising inflation concerns, the withdrawal of the Federal Reserve, government tax increases and many other negative news will continue to follow.</p><p>Investors will also keep an eye on the U.S. consumer price index (CPI) in June, which is expected to be released on July 14, and is expected to rise by 5% annually. Federal Reserve Chairman Jerome Powell will also attend the hearing on the same day to release the first-half report on monetary policy, and his speech on inflation and economic outlook will also be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index is rising far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rate of enterprises this year and next year is 14% respectively. and 10%. He believes that the surplus in 2022 needs to increase by 14%, reducing the estimated price-to-earnings ratio to 18 times, so that U.S. stocks can be considered reasonable.</p><p>In terms of COVID-19 pandemic, the United States has been hit by a new wave of variant strains, especially the Delta variant strain originally discovered in India. The U.S. Centers for Disease Control and Control (CDC) said that it has listed the Delta variant as the main virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to vaccinate an additional third dose of vaccine in August, saying that the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly infectious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","OEX":"标普100","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","TQQQ":"纳指三倍做多ETF","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"SQQQ":0.9,".SPX":0.9,"NQmain":0.9,"PSQ":0.9,"OEF":0.9,"DDM":0.9,"MNQmain":0.9,"UDOW":0.9,"DXD":0.9,"SH":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9,"QQQ":0.9,"SSO":0.9,"DOG":0.9,"UPRO":0.9,"QLD":0.9,"SDOW":0.9,"SPXU":0.9,"OEX":0.9,"TQQQ":0.9,"DJX":0.9,"QID":0.9,"ESmain":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":2048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"repost":{"id":"2150302995","kind":"highlight","weMediaInfo":{"introduction":"美股研究社，一个专注研究美股的平台，专业的美股投资人都在这。想了解美国股市行情、美股开户、美股资讯、美股公司；想获得一手美股重磅信息；想加入美股交流社群，敬请关注我们吧。","home_visible":0,"media_name":"美股研究社","id":"1074069735","head_image":"https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6"},"pubTimestamp":1626078007,"share":"https://ttm.financial/m/news/2150302995?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:20","market":"us","language":"zh","title":"Is the biggest test for U.S. stocks finally here? Can performance support valuations?","url":"https://stock-news.laohu8.com/highlight/detail?id=2150302995","media":"美股研究社","summary":"企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验。","content":"<p>It's time to meet you on the weekend again. Although there were some intraday shocks last week, the three major stock indexes still closed up strongly. Even if there was a correction, they formed a reversal within the day, and the upward momentum was terribly strong.</p><p>Next week is about to usher in the earnings season. U.S. stocks have risen to such a high position, and ugly daughters-in-law have to see their parents. Whether the company's performance will continue to grow substantially or experience a cliff-like decline will be the biggest test in the next few months. After all, No matter how the Fed releases water, the rise in stock prices will still have to return to fundamentals in the long run.</p><p>One of the most worrying things last week was that before the earnings season officially started, FAAMG has hit record highs. We just experienced a similar plot in the first quarter earnings season that started on April 15. The final result was Sell in May, and the Nasdaq pullback/retracement 10% from its high level.</p><p>Here, let's first experience the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion increased by 53.6% year-over-year. Net profit was US $23.63 billion, a year-on-year increase of 110%.</p><p>GOOG: Revenue was US $55.314 billion, a year-on-year increase of 34%, and net profit was US $17.930 billion, a year-on-year increase of 162%.</p><p>MSFT: Revenue of $41.7 billion, a year-on-year increase of 19%; Net profit was US $15.5 billion, a year-on-year increase of 44%.</p><p>FB: Revenue of US $26.171 billion, a year-on-year increase of 48%; Net profit was US $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-on-year increase of 44%; Net profit was US $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-on-year increase of 64%; Net profit was US $4.073 billion, a year-on-year increase of 18%.</p><p>Tencent: Revenue of US $21 billion, a year-on-year increase of 25%; Net profit was US $5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the above set of data, I believe everyone should think the same way as me. FAAMG's performance is really strong and terrible, especially the profit growth. Ali and Tencent are really not at the same level at all, but with such financial reports, all of them are in the end. Death, the market had already begun to worry about unsustainable growth.</p><p>Why is the first quarter financial report so strong? On the one hand, in the first quarter of last year, the United States was not fully blocked, and Internet giants had not yet ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the dividends of the epidemic, and naturally there was explosive growth; On the other hand, the U.S. government is really giving out too much money. It earns more by not going to work than by going to work. In addition, vaccines have been released, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of epidemic dividends, and the revenue base was very large. In the second quarter of this year, due to the disappearance of epidemic dividends, revenue growth may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth to some extent. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or it should be said to return to normal.</p><p>FAAMG has currently reached record highs. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was at 14,000, such a strong performance in the first quarter was not supported in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq is likely to have risen to the range of 15,000 ~ 15,200, but at this position, we are ushering in a stage of slowing revenue growth, and the performance growth of enterprises can support the current high valuation? I'm worried that the market will experience another selling news at the end of April, thus making a deep correction.</p><p>Not to mention far, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%. The agency's revenue growth forecast for Amazon's second quarter also dropped to 28%, and the revenue growth forecast for the third quarter was 22%. Imagine that the stock price of a company has risen from $3,000 to $3,800, but the revenue growth rate has dropped from 44% to 28%. Can this increase last? What I am most worried about is, in fact, after the relief subsidies in the United States are stopped, can consumption maintain the high growth rate as in the first quarter?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. Next week is mainly the financial report of bank stocks, which should be very stable at this stage. After all, bank stocks have been adjusted for two months in advance, and they have not risen much recently. Now is the time to violently rise through favorable financial reports. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the range of 15,000 ~ 15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to produce blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. As all 23 banks passed the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve praised lenders.</p><p>Bank stocks led the sell-off on Wall Street on Thursday as some investors trimmed their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been oscillating amid heightened fears of slower growth.</p><p>For the Banks industry, which includes these major Banks and accounts for roughly 45% of total financial sector earnings, Zacks sees second-quarter earnings growth of +190.8%.</p><p>With such strong profit growth expectations, I think it will be difficult to see bank stocks plummet next week. As long as bank stocks do not fall, the three major stock indexes will inevitably continue to skyrocket mindlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after experiencing a mindless surge next week, maybe you should consider lightening your position. As for the reason, it has been quite clear above.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, economic growth may have achieved excellent performance. Profit growth may slow down, but analysts still expect the profits of S&P 500 companies to achieve double-digit growth in the next two quarters. It is essential not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of mindless surge is largely related to the continuous decline in the yield of the ten-year Treasury Bond of U.S. bonds. If the bond market cannot make money, money will naturally flock to the stock market. Data provider EPFR said inflows into global equity funds reached $580 billion in the first half of 2021, a record high.</p><p>Bank of America even gave a further analysis. If the rate of capital inflows remains unchanged for the rest of this year, the capital inflows of global equity funds in 2021 will exceed the sum of the past 20 years. Driven by the continuous inflow of funds, the world's major stock indexes have climbed to record highs in the past week.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation where the global stock market is constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Chase Asset Management and other companies predict that the stock market will continue to rise in the second half of this year, and now some institutions have even given the S&P a target price of 5,000.</p><p>To put it bluntly, although the U.S. stock market may usher in relatively large fluctuations after late July, after all, it has risen so much in a very short period of time, there will definitely be many people who will make profits from the financial report and run away, but as long as the Fed's policy is not tightened, the overall upward trend of U.S. stocks may not change.</p><p>As for how to lay out the second half of the year? From June 23rd to 30th, CNBC conducted a survey of about 100 chief investment officers, equity strategists and portfolio managers who manage funds on Wall Street. Nearly 70% of the respondents expect that value stocks will perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believe that financial stocks will be the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduces discussions on bond buying, inflation, corporate profit margin pressures and tax increases.</p><p>We are still bullish on U.S. stocks, but investment must have a cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a stage of slow growth, while value stocks may return to the king again. After the 20th, U.S. stocks may not necessarily plummet. It just means that technology stocks are risky. Maybe if we conduct a large-scale position adjustment, we will completely alleviate the risks we may face?</p><p>Of course, it is too early to predict these now. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After the FAAMG financial report was released, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE announced stock splits one after another, or any of these giants announced a stock split, which will lead technology stocks to continue to skyrocket mindlessly. In particular, the probability of AMZN is not small. The first financial report of the new CEO takes office, and then gives investors a big gift. I really don't know where the US stock market will go.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry that the U.S. stock bubble is already huge. In the coming week, we will focus on long bank stocks and seize the opportunities here first. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</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>Is the biggest test for U.S. stocks finally here? Can performance support valuations?</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\">\nIs the biggest test for U.S. stocks finally here? Can performance support valuations?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-07-12 16:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It's time to meet you on the weekend again. Although there were some intraday shocks last week, the three major stock indexes still closed up strongly. Even if there was a correction, they formed a reversal within the day, and the upward momentum was terribly strong.</p><p>Next week is about to usher in the earnings season. U.S. stocks have risen to such a high position, and ugly daughters-in-law have to see their parents. Whether the company's performance will continue to grow substantially or experience a cliff-like decline will be the biggest test in the next few months. After all, No matter how the Fed releases water, the rise in stock prices will still have to return to fundamentals in the long run.</p><p>One of the most worrying things last week was that before the earnings season officially started, FAAMG has hit record highs. We just experienced a similar plot in the first quarter earnings season that started on April 15. The final result was Sell in May, and the Nasdaq pullback/retracement 10% from its high level.</p><p>Here, let's first experience the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion increased by 53.6% year-over-year. Net profit was US $23.63 billion, a year-on-year increase of 110%.</p><p>GOOG: Revenue was US $55.314 billion, a year-on-year increase of 34%, and net profit was US $17.930 billion, a year-on-year increase of 162%.</p><p>MSFT: Revenue of $41.7 billion, a year-on-year increase of 19%; Net profit was US $15.5 billion, a year-on-year increase of 44%.</p><p>FB: Revenue of US $26.171 billion, a year-on-year increase of 48%; Net profit was US $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-on-year increase of 44%; Net profit was US $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-on-year increase of 64%; Net profit was US $4.073 billion, a year-on-year increase of 18%.</p><p>Tencent: Revenue of US $21 billion, a year-on-year increase of 25%; Net profit was US $5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the above set of data, I believe everyone should think the same way as me. FAAMG's performance is really strong and terrible, especially the profit growth. Ali and Tencent are really not at the same level at all, but with such financial reports, all of them are in the end. Death, the market had already begun to worry about unsustainable growth.</p><p>Why is the first quarter financial report so strong? On the one hand, in the first quarter of last year, the United States was not fully blocked, and Internet giants had not yet ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the dividends of the epidemic, and naturally there was explosive growth; On the other hand, the U.S. government is really giving out too much money. It earns more by not going to work than by going to work. In addition, vaccines have been released, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of epidemic dividends, and the revenue base was very large. In the second quarter of this year, due to the disappearance of epidemic dividends, revenue growth may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth to some extent. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or it should be said to return to normal.</p><p>FAAMG has currently reached record highs. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was at 14,000, such a strong performance in the first quarter was not supported in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq is likely to have risen to the range of 15,000 ~ 15,200, but at this position, we are ushering in a stage of slowing revenue growth, and the performance growth of enterprises can support the current high valuation? I'm worried that the market will experience another selling news at the end of April, thus making a deep correction.</p><p>Not to mention far, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%. The agency's revenue growth forecast for Amazon's second quarter also dropped to 28%, and the revenue growth forecast for the third quarter was 22%. Imagine that the stock price of a company has risen from $3,000 to $3,800, but the revenue growth rate has dropped from 44% to 28%. Can this increase last? What I am most worried about is, in fact, after the relief subsidies in the United States are stopped, can consumption maintain the high growth rate as in the first quarter?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. Next week is mainly the financial report of bank stocks, which should be very stable at this stage. After all, bank stocks have been adjusted for two months in advance, and they have not risen much recently. Now is the time to violently rise through favorable financial reports. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the range of 15,000 ~ 15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to produce blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. As all 23 banks passed the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve praised lenders.</p><p>Bank stocks led the sell-off on Wall Street on Thursday as some investors trimmed their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been oscillating amid heightened fears of slower growth.</p><p>For the Banks industry, which includes these major Banks and accounts for roughly 45% of total financial sector earnings, Zacks sees second-quarter earnings growth of +190.8%.</p><p>With such strong profit growth expectations, I think it will be difficult to see bank stocks plummet next week. As long as bank stocks do not fall, the three major stock indexes will inevitably continue to skyrocket mindlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after experiencing a mindless surge next week, maybe you should consider lightening your position. As for the reason, it has been quite clear above.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, economic growth may have achieved excellent performance. Profit growth may slow down, but analysts still expect the profits of S&P 500 companies to achieve double-digit growth in the next two quarters. It is essential not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of mindless surge is largely related to the continuous decline in the yield of the ten-year Treasury Bond of U.S. bonds. If the bond market cannot make money, money will naturally flock to the stock market. Data provider EPFR said inflows into global equity funds reached $580 billion in the first half of 2021, a record high.</p><p>Bank of America even gave a further analysis. If the rate of capital inflows remains unchanged for the rest of this year, the capital inflows of global equity funds in 2021 will exceed the sum of the past 20 years. Driven by the continuous inflow of funds, the world's major stock indexes have climbed to record highs in the past week.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation where the global stock market is constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Chase Asset Management and other companies predict that the stock market will continue to rise in the second half of this year, and now some institutions have even given the S&P a target price of 5,000.</p><p>To put it bluntly, although the U.S. stock market may usher in relatively large fluctuations after late July, after all, it has risen so much in a very short period of time, there will definitely be many people who will make profits from the financial report and run away, but as long as the Fed's policy is not tightened, the overall upward trend of U.S. stocks may not change.</p><p>As for how to lay out the second half of the year? From June 23rd to 30th, CNBC conducted a survey of about 100 chief investment officers, equity strategists and portfolio managers who manage funds on Wall Street. Nearly 70% of the respondents expect that value stocks will perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believe that financial stocks will be the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduces discussions on bond buying, inflation, corporate profit margin pressures and tax increases.</p><p>We are still bullish on U.S. stocks, but investment must have a cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a stage of slow growth, while value stocks may return to the king again. After the 20th, U.S. stocks may not necessarily plummet. It just means that technology stocks are risky. Maybe if we conduct a large-scale position adjustment, we will completely alleviate the risks we may face?</p><p>Of course, it is too early to predict these now. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After the FAAMG financial report was released, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE announced stock splits one after another, or any of these giants announced a stock split, which will lead technology stocks to continue to skyrocket mindlessly. In particular, the probability of AMZN is not small. The first financial report of the new CEO takes office, and then gives investors a big gift. I really don't know where the US stock market will go.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry that the U.S. stock bubble is already huge. In the coming week, we will focus on long bank stocks and seize the opportunities here first. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f9f05ab18a70559b03deab3f261ff27d","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF-ProShares","TTTN":"老虎中美互联网巨头ETF","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DXD":"两倍做空道琼30指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF","DDM":"2倍做多道指ETF-ProShares","SQQQ":"纳指三倍做空ETF","OEF":"标普100指数ETF-iShares","QNETCN":"纳斯达克中美互联网老虎指数","OEX":"标普100","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","03086":"华夏纳指","PSQ":"做空纳斯达克100指数ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150302995","content_text":"又到了和大家周末见面的时候，上周虽然盘中经历了一些震荡，但三大股指仍然强势收涨，即使有回调也在日内就形成了反转，上涨动能强势的可怕。\n下周即将迎来财报季，美股已经涨到如此高的位置，丑媳妇也得见爹娘，企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验，毕竟美联储再如何放水，股价的上涨长期还是要回归基本面。\n上周最让人担心的一件事，那就是财报季还没正式开启，FAAMG就纷纷创下了历史新高，类似的剧情我们刚刚在4月15日开启的一季度财报季就曾经历过，最后的结果是迎来了Sell in May，纳指从高位回撤了10%。\n在这里，我们还是先来感受下中美七大科技巨头的一季度财报吧：\nAAPL：营收896亿美元 同比增长53.6%。净利润236.3亿美元，同比增长110%。\nGOOG：营收553.14亿美元，同比增长34%，净利润179.30亿美元，同比增长162%。\nMSFT：营收417亿美元，同比增长19%；净利润155亿美元，同比增长44%。\nFB：营收261.71亿美元，同比增长48%；净利润94.97亿美元，同比增长94%。\nAMZN：营收1085亿美元，同比增长44%；净利润81亿美元，同比增长220%。\nBABA：营收291亿美元，同比增长64%；净利润40.73亿美元，同比增长18%。\n腾讯：营收210亿美元，同比增长25%；净利润51.47亿美元，同比增长22%。\n看到上面这组数据，相信大家应该和我一样的想法，FAAMG的业绩真是强的可怕，尤其是利润增长，阿里和腾讯真完全不是一个级别，但就是这样的财报，最后全部都是见光死，市场当时已经开始担忧增长不可持续的事了。\n一季度财报为什么这么强劲？一方面，去年一季度美国还没有全面封锁，互联网巨头还没有迎来加速增长的契机，营收基数整体比较低，今年一季度则仍然在继续享受疫情红利，自然就出现了爆发式增长；另一方面，美国政府发钱实在发的太多了，不上班比上班挣得还要多，再加上疫苗已经出来，各种报复性消费铺天盖地，这也有利于科技股的业绩提振。\n进入二季度财报之后，我们会迎来这种负向的双重反馈。去年二季度，互联网巨头的营收在疫情红利的影响下开始加速增长，营收基数非常大，今年二季度则因为疫情红利的消失，营收增速有可能会放缓；美国多个洲已经开始停止发放补助，这一定程度上又有点不利于消费增长。科技股的营收增速，相比一季度，势必会进入一个放缓阶段，或者应该说是回归常态。\nFAAMG当前都已经历史新高，在过去两个月时间，涨幅均超过20%，并且在未来一周，很可能继续涨下去，真到了财报公布的时候，它们还能在高位稳住吗？纳指14000的时候，一季度如此强劲的业绩，最后都没有撑住。二季度科技股财报来临之前，纳指很可能已经涨到了15000~15200这个区间，但在这个位置，我们迎来一个营收增速放缓的阶段，企业的业绩增长能够撑起当前的高估值吗？我很担心，市场会再经历一次4月末的卖出消息，从而进行一次深度的调整。\n远的不说，我们就来说下AMZN。刚刚过去的Prime Day，亚马逊年度促销的营收才增长了9%，机构对亚马逊二季度营收增长预期也下滑到了28%，对三季度的营收增长预期是22%。想象一下，一家公司的股价从3000美元涨到了3800美元，营收增速却从44%掉到了28%，这样的上涨能否持久。我最担心的，其实还是美国的救济补助停止发放之后，消费还能保持一季度那样的高增长吗？\n我上面的分析那是20号之后的事，因为FAAMG的财报基本都在20号之后。下一周主要是银行股财报，这个阶段应该是非常稳定的。毕竟银行股已经提前调整了两个月时间，最近也没怎么涨，现在正是借着财报利好暴力拉升的时候。所以我们的目标价仍然不变，纳指继续看涨到15000~15200这个区间，你甚至都可以更乐观更激进点。\nRefinitiv 的数据显示，随着标准普尔 500 指数金融板块的收益同比翻番，银行业预计将在第二季度产生井喷式业绩。由于所有 23 家银行都通过了中央银行的压力测试，因此在美联储对贷方表示赞赏后，主要银行最近宣布将增加派息。\n银行股领涨华尔街周四的抛售，因为一些投资者在美国国债收益率意外下跌的情况下减持。然后他们在周五立即回击，强劲的盈利结果可能有助于稳定在对增长放缓的担忧加剧的情况下震荡的行业。\n对于 Banks 行业（包括这些主要银行，约占金融部门总收益的 45%），Zacks预计第二季度收益将增长 +190.8%。\n这样的强劲利润增长预期，我想下周很难看到银行股暴跌的情况，银行股只要不跌，那三大股指必然继续无脑暴涨，纳指首次突破15000，应该就是时间问题了。但经历下周无脑暴涨之后，或许你该考虑减仓的事，至于原因，上面已经说得相当清楚了。\n当前的市场其实仍然非常乐观，投资公司Ally Invest的资深投资策略师卡莉·波斯特（Callie Bost）表示，“在第二季度里，经济增长可能取得了极好的表现。盈利增长可能放缓，但分析师仍旧预计标普500指数成分股公司的盈利在未来两个季度将实现两位数增长。不能因为经济最强劲的增长可能已经过去，就对市场失去信心，这一点至关重要。”\n这一轮的无脑暴涨，很大程度上和美债十年期国债收益率的不断走低有关系，债市赚不到钱，钱自然就纷纷涌向了股市。数据提供商EPFR表示，2021年上半年流入全球股票基金的资金达到5800亿美元，创下了历史最高。\n美国银行更是给出了进一步分析，如果今年剩余时间里资金流入速度保持不变，2021年全球股票基金的资金流入数将超过过去20年的总和。持续流入的资金推动，全球主要股指在过去一周接连攀升至创纪录高位。\n虽然很多朋友当前非常恐高，但我们要习惯这种全球股市不断刷新纪录的情况。贝莱德、道富、瑞银资管、摩根大通资管等公司预计，今年下半年股市将继续上涨，现在甚至有机构给出标普涨到5000的目标价了。\n说白了，虽然可能7月下旬之后，美股会迎来比较大的波动，毕竟在极短的时间涨了这么多，肯定会有很多人借财报获利跑路的，但只要美联储政策不收紧，美股整体继续往上的趋势怕是不会改变。\n至于下半年该如何布局？在6月23日至30日期间，CNBC对华尔街约100名管理资金的首席投资官、股票策略师、投资组合经理进行了调查，近70%的受访者预计，下个季度价值型股票的表现将好于成长型股票，在行业板块层面，大多数投资者(67%)认为，金融类股将在下半年成为最大赢家，这主要因为美联储逐渐减少买债的讨论、通胀、企业利润率压力及加税。\n我们仍然看涨美股，但投资必须要有周期性布局思维，科技股已经涨成这样，并且很有可能会进入一个缓慢增长阶段，而价值股有可能再次重新王者归来。20号之后，美股不一定会暴跌，只是说科技股有风险，或许我们进行一次大规模的调仓，就彻底缓解了可能面临的风险呢？\n当然，现在预测这些都为时尚早，毕竟市场一直是在变化的，美股这次财报季不排除会有这样的剧情。FAAMG财报发完之后，AMZN、NFLX、ASML、GOOG、SHOP、LRCX、ADBE纷纷宣布拆股，或者这其中任何一家巨头宣布拆股，那都会带着科技股继续无脑暴涨。尤其AMZN概率不小，新CEO上任的第一份财报，然后送给投资者一份大礼，那美股这真不知道要涨到哪里去了。\n所以我们还是要把握当下，不要想太多，也不要去担心美股泡沫已经巨大，未来一周重点做多银行股，先把这里的机会抓到再说。至于科技股可能的回调，那也要看成是新的上车机会。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SQQQ":0.9,"SDOW":0.9,"SDS":0.9,".SPX":0.9,"TQQQ":0.9,"PSQ":0.9,"QID":0.9,"UDOW":0.9,"OEX":0.9,"DXD":0.9,"QNETCN":0.9,"ESmain":0.9,"UPRO":0.9,"DJX":0.9,".IXIC":0.9,"SH":0.9,"TTTN":0.9,"DDM":0.9,"MNQmain":0.9,".DJI":0.9,"03086":0.9,"OEF":0.9,"IVV":0.9,"NQmain":0.9,"QQQ":0.9,"SPXU":0.9,"DOG":0.9,"QLD":0.9,"SSO":0.9}},"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"us","language":"zh","title":"Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":1617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":1709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>There are still 3 trading days left, and the first half of A-shares in 2021 is about to end. As of the close of trading on June 25, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, loss turnaround, and continued profit), accounting for 62.19%. This ratio is higher than before.</p><p>Regarding the market in the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: More than 60% of listed companies are happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that had previously predicted the interim report data in the first quarterly report and other announcements, as of the close of June 25, a total of 529 listed companies in the Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that pre-happy companies in the three industries of steel, mining and transportation account for the largest proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results for 2021, and 529 companies only account for about 13% of A-share listed companies. However, judging from the disclosed companies alone, 60% of listed companies have pre-happy mid-term reports, which should be said to be better than the A-share mid-term report seasons over the years.</p><p>Previously, in 2019 and 2020, the pre-happiness ratio of listed companies was around 40% to 50%.</p><p>Querying the historical data shows that:</p><p>As of July 15, 2019, companies with mid-term pre-happy reports accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with good interim reports is low. As of July 15, 2020, companies with good interim reports accounted for 52.66% of the total number that has been announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, instead of waiting for the interim report performance forecast to come out, otherwise there will be certain chasing risks.</p><p>Pre-happy companies in the three industries of steel, mining and transportation account for the highest proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery, because the base affected by the epidemic last year was relatively low. With the economic recovery, the demand for steel has gradually increased, so the performance of the steel industry is relatively good.</p><p>\"Against the background of gradual economic recovery, the performance of the coal sector in the mining industry is expected to achieve a marginal substantial improvement.\" Chen Li, chief economist and director of the research institute of Sichuan Finance Securities, said, \"The core reason for the performance growth of the coal industry this year lies in the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is highly certain. \"</p><p>Regarding the transportation industry, Liu Youhua, research director of private equity ranking network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and large differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and The establishment of logistics system has improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic has gradually been brought under control, the economy has begun to recover, residents' activities have begun to become normal, and transportation demand has increased significantly. \"</p><p><b>2、</b><b><b>Policy: It may be conducive to the strength of A-shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to fall, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up before down\".</p><p>Chen Xing, chief macro officer of Zhongtai, believes that interest rates may show a trend of \"first up and then down\" in the second half of the year. The risk of short-term interest rates going up is greater, and the downward trend will be smoother after adjustment. For the allocation of large-scale assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First of all, the pressure of economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are U.S. consumption and China's exports. The contribution of U.S. personal consumption expenditures to economic growth after the epidemic far exceeds that of private investment, net exports and government expenditures. Correspondingly, my country's high export boom. Of the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much softer than that in the first half of the year. The peak and decline of the global epidemic and the domestic measures to \"ensure supply and stabilize prices\" have brought the logic of commodity pricing back to demand-led. The weak economic recovery trend means that the prices of most industrial products do not have the basis for continuous rise. In addition, the pressure on PPI growth rate caused by the base effect also tends to ease in the second half of the year, and the transmission efficiency of this round of PPI growth rate to CPI growth rate is also It is not high, and inflationary pressures have eased in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a strategist at Zhongtai, believes that the fiscal policy may be relatively strong in the second half of the year: when the government's fiscal bond issuance in the first half of the year was significantly lower than expected, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year, and it is difficult to further ease liquidity. It is expected that interest rates may be difficult to fall further in at least the third quarter.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, the top 1% of households contribute 17% of the tax revenue, and the federal income tax paid accounts for 25%; However, China's individual tax accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should assume more social responsibilities. It is expected that the pilot of real estate tax and the post-reforms of consumption tax collection may also be accelerated in the second half of the year, which may have a negative impact on mid-to-high-end liquor. The segmentation of luxury goods causes certain fluctuations.</p><p><b>3、</b><b><b>Keep an eye on opportunities in the big tech sector</b></b></p><p>At present, it is the consensus of most securities firms and funds to add technology.</p><p>Let's first look at the views of brokers:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economic stability period, the policy warm wind period, and the liquidity-friendly period are superimposed. The recovery period of overseas European and American economies, the period of loose liquidity, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still adding risky assets. Go long in the market without hesitation. The market is slowly unfolding and getting better from the layout of the \"centennial\" market to the \"summer market\" that is in full swing, scorching and shining brightly. At this stage, the growth direction of science and technology will become the main source of the beautiful landscape and excess returns of the \"summer market\".</p><p>Chen Long, chief strategy officer of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit adjustment, and high prosperity in the industry; The consumption sector pays more attention to new consumption. At the same time, be wary of the risk of decline in the interim performance of some machinery industries, light industries, and some food and beverage industries.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is recommended to continue to pay attention to three main lines: Main line 1: high prosperity, focusing on semiconductors, new energy vehicle industry chain, and coal, especially as the interim report market is about to open, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, focusing on the shipping and aviation sectors with rising prosperity. Main line 3: Low valuation main line, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>The Guosheng Securities research report pointed out that there are three clues to \"nuggets\" the Science and Technology Innovation Board: 1. Open up a new direction for A-shares and benchmark against the scarce subdivided track \"unicorns\". 2. The performance growth rate has always led the \"high growth\" of science and technology innovation; 3. Since its listing, the pullback/retracement has been deep, has fallen below the issue price, and has a valuation and cost performance from the perspective of PEG; Petroleum, petrochemical and chemical, nonferrous metals, photovoltaic and other sectors benefit from overseas demand. Subdivided tracks such as new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty, and sub-high-end liquor with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report pointed out that with the resurgence of the wave of science and technology, there are seven major fields of science and technology worthy of attention. First, the semiconductor boom comes first; Second, 5G is the network, connecting everything; The third is the explosion of IoT, and the scope of data tentacles is getting larger and larger; Fourth, AI is overweight, bringing machines and humans one step closer; The fifth is the energy revolution, a major theme for mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality enter virtual reality.</p><p>Look at Public Offering of Fund's point of view:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, the broad manufacturing industry: especially the middle and upper reaches of the manufacturing industry, which has the ability to sustain high growth, and the dual flexibility of fundamentals and valuation is relatively large; Second, pro-cyclical and banking/real estate/insurance in the middle and upper reaches: fundamentals and profit risks have been fully released, valuations are cheaper, there is the possibility of double-clicking performance and valuation, and overall risk compensation is high; The third is the growth-oriented industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, it is recommended to allocate a balanced allocation. First, it is recommended to gradually reduce the cyclical allocation ratio, and allocate low-valuation industries such as banks, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-sectors that benefit from the industry structure and the prosperity is still good, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund recommends that investors continue to focus on technology stocks and military industry chain represented by semiconductor industry chain from a medium-term perspective, and continue to focus on automobile electrification, automobile software and hardware intelligent industry chain and new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the price volatility of upstream raw material products will gradually decrease, the center of its price fluctuation may gradually increase, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at historically low levels, and investors are advised to focus on bargain hunting.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, benefiting from economic transformation, encouraging policy environment, and new energy vehicles with huge long-term space,<a href=\"https://laohu8.com/S/000591\">Solar energy</a>, military industry, superior manufacturing and other industries. In the next few years, these industries will give birth to a number of leading companies with global competitiveness. The second is industries such as medical care, emerging consumer goods, and the Internet, which are closely related to residents' quality of life and income level. The demand of these industries has been growing rapidly for a long time, and the model has been innovating rapidly, and outstanding companies with high moats have been constantly born.</p><p>Chengze Assets believes that we should insist on building and optimizing portfolios based on fundamentals, strive to obtain ideal net value growth on the premise of controlling pullback/retracement, and strictly implement stop loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, new consumer goods, etc. are the focus of current layout and research.</p><p>Banyan Investment believes that it focuses on high-quality companies in the fields of new energy, new consumption, and new technology. Among them, the focus is on the new energy industry. The new energy track is one of the best tracks in the investment cycle of the next 5-10 years. The industry certainty is strong enough and the industry growth space is large enough.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>There are still 3 trading days left, and the first half of A-shares in 2021 is about to end. As of the close of trading on June 25, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, loss turnaround, and continued profit), accounting for 62.19%. This ratio is higher than before.</p><p>Regarding the market in the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: More than 60% of listed companies are happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that had previously predicted the interim report data in the first quarterly report and other announcements, as of the close of June 25, a total of 529 listed companies in the Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that pre-happy companies in the three industries of steel, mining and transportation account for the largest proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results for 2021, and 529 companies only account for about 13% of A-share listed companies. However, judging from the disclosed companies alone, 60% of listed companies have pre-happy mid-term reports, which should be said to be better than the A-share mid-term report seasons over the years.</p><p>Previously, in 2019 and 2020, the pre-happiness ratio of listed companies was around 40% to 50%.</p><p>Querying the historical data shows that:</p><p>As of July 15, 2019, companies with mid-term pre-happy reports accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with good interim reports is low. As of July 15, 2020, companies with good interim reports accounted for 52.66% of the total number that has been announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, instead of waiting for the interim report performance forecast to come out, otherwise there will be certain chasing risks.</p><p>Pre-happy companies in the three industries of steel, mining and transportation account for the highest proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery, because the base affected by the epidemic last year was relatively low. With the economic recovery, the demand for steel has gradually increased, so the performance of the steel industry is relatively good.</p><p>\"Against the background of gradual economic recovery, the performance of the coal sector in the mining industry is expected to achieve a marginal substantial improvement.\" Chen Li, chief economist and director of the research institute of Sichuan Finance Securities, said, \"The core reason for the performance growth of the coal industry this year lies in the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is highly certain. \"</p><p>Regarding the transportation industry, Liu Youhua, research director of private equity ranking network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and large differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and The establishment of logistics system has improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic has gradually been brought under control, the economy has begun to recover, residents' activities have begun to become normal, and transportation demand has increased significantly. \"</p><p><b>2、</b><b><b>Policy: It may be conducive to the strength of A-shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to fall, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up before down\".</p><p>Chen Xing, chief macro officer of Zhongtai, believes that interest rates may show a trend of \"first up and then down\" in the second half of the year. The risk of short-term interest rates going up is greater, and the downward trend will be smoother after adjustment. For the allocation of large-scale assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First of all, the pressure of economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are U.S. consumption and China's exports. The contribution of U.S. personal consumption expenditures to economic growth after the epidemic far exceeds that of private investment, net exports and government expenditures. Correspondingly, my country's high export boom. Of the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much softer than that in the first half of the year. The peak and decline of the global epidemic and the domestic measures to \"ensure supply and stabilize prices\" have brought the logic of commodity pricing back to demand-led. The weak economic recovery trend means that the prices of most industrial products do not have the basis for continuous rise. In addition, the pressure on PPI growth rate caused by the base effect also tends to ease in the second half of the year, and the transmission efficiency of this round of PPI growth rate to CPI growth rate is also It is not high, and inflationary pressures have eased in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a strategist at Zhongtai, believes that the fiscal policy may be relatively strong in the second half of the year: when the government's fiscal bond issuance in the first half of the year was significantly lower than expected, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year, and it is difficult to further ease liquidity. It is expected that interest rates may be difficult to fall further in at least the third quarter.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, the top 1% of households contribute 17% of the tax revenue, and the federal income tax paid accounts for 25%; However, China's individual tax accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should assume more social responsibilities. It is expected that the pilot of real estate tax and the post-reforms of consumption tax collection may also be accelerated in the second half of the year, which may have a negative impact on mid-to-high-end liquor. The segmentation of luxury goods causes certain fluctuations.</p><p><b>3、</b><b><b>Keep an eye on opportunities in the big tech sector</b></b></p><p>At present, it is the consensus of most securities firms and funds to add technology.</p><p>Let's first look at the views of brokers:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economic stability period, the policy warm wind period, and the liquidity-friendly period are superimposed. The recovery period of overseas European and American economies, the period of loose liquidity, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still adding risky assets. Go long in the market without hesitation. The market is slowly unfolding and getting better from the layout of the \"centennial\" market to the \"summer market\" that is in full swing, scorching and shining brightly. At this stage, the growth direction of science and technology will become the main source of the beautiful landscape and excess returns of the \"summer market\".</p><p>Chen Long, chief strategy officer of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit adjustment, and high prosperity in the industry; The consumption sector pays more attention to new consumption. At the same time, be wary of the risk of decline in the interim performance of some machinery industries, light industries, and some food and beverage industries.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is recommended to continue to pay attention to three main lines: Main line 1: high prosperity, focusing on semiconductors, new energy vehicle industry chain, and coal, especially as the interim report market is about to open, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, focusing on the shipping and aviation sectors with rising prosperity. Main line 3: Low valuation main line, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>The Guosheng Securities research report pointed out that there are three clues to \"nuggets\" the Science and Technology Innovation Board: 1. Open up a new direction for A-shares and benchmark against the scarce subdivided track \"unicorns\". 2. The performance growth rate has always led the \"high growth\" of science and technology innovation; 3. Since its listing, the pullback/retracement has been deep, has fallen below the issue price, and has a valuation and cost performance from the perspective of PEG; Petroleum, petrochemical and chemical, nonferrous metals, photovoltaic and other sectors benefit from overseas demand. Subdivided tracks such as new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty, and sub-high-end liquor with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report pointed out that with the resurgence of the wave of science and technology, there are seven major fields of science and technology worthy of attention. First, the semiconductor boom comes first; Second, 5G is the network, connecting everything; The third is the explosion of IoT, and the scope of data tentacles is getting larger and larger; Fourth, AI is overweight, bringing machines and humans one step closer; The fifth is the energy revolution, a major theme for mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality enter virtual reality.</p><p>Look at Public Offering of Fund's point of view:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, the broad manufacturing industry: especially the middle and upper reaches of the manufacturing industry, which has the ability to sustain high growth, and the dual flexibility of fundamentals and valuation is relatively large; Second, pro-cyclical and banking/real estate/insurance in the middle and upper reaches: fundamentals and profit risks have been fully released, valuations are cheaper, there is the possibility of double-clicking performance and valuation, and overall risk compensation is high; The third is the growth-oriented industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, it is recommended to allocate a balanced allocation. First, it is recommended to gradually reduce the cyclical allocation ratio, and allocate low-valuation industries such as banks, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-sectors that benefit from the industry structure and the prosperity is still good, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund recommends that investors continue to focus on technology stocks and military industry chain represented by semiconductor industry chain from a medium-term perspective, and continue to focus on automobile electrification, automobile software and hardware intelligent industry chain and new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the price volatility of upstream raw material products will gradually decrease, the center of its price fluctuation may gradually increase, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at historically low levels, and investors are advised to focus on bargain hunting.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, benefiting from economic transformation, encouraging policy environment, and new energy vehicles with huge long-term space,<a href=\"https://laohu8.com/S/000591\">Solar energy</a>, military industry, superior manufacturing and other industries. In the next few years, these industries will give birth to a number of leading companies with global competitiveness. The second is industries such as medical care, emerging consumer goods, and the Internet, which are closely related to residents' quality of life and income level. The demand of these industries has been growing rapidly for a long time, and the model has been innovating rapidly, and outstanding companies with high moats have been constantly born.</p><p>Chengze Assets believes that we should insist on building and optimizing portfolios based on fundamentals, strive to obtain ideal net value growth on the premise of controlling pullback/retracement, and strictly implement stop loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, new consumer goods, etc. are the focus of current layout and research.</p><p>Banyan Investment believes that it focuses on high-quality companies in the fields of new energy, new consumption, and new technology. Among them, the focus is on the new energy industry. The new energy track is one of the best tracks in the investment cycle of the next 5-10 years. The industry certainty is strong enough and the industry growth space is large enough.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583994288696392","idStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"repost":{"id":"1155187410","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623806380,"share":"https://ttm.financial/m/news/1155187410?lang=en_US&edition=fundamental","pubTime":"2021-06-16 09:19","market":"us","language":"zh","title":"Opening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1155187410","media":"老虎资讯综合","summary":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(","content":"<p>On June 16, the three Hong Kong stock indexes in open low, the Hang Seng Index fell 0.1% to 28,609 points, the State Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Mainland real estate stocks, which fell across the board yesterday, rebounded, and the negative landing landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and Minsheng Education all rose; Large technology stocks generally fell, NetEase fell more than 1%, Meituan, Tencent, Xiaomi, and Baidu all fell; Gas stocks continued yesterday's decline, steel, copper and other non-ferrous metal stocks fell significantly, and automobile stocks and banking stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK $400 on the first day of listing today, with a pre-market turnover of nearly HK $1.8 billion and a market value of HK $66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. The prospectus shows that from 2018 to 2020, the company's revenue was 488 million, 645 million, and 816 million yuan respectively, and its profits during the period were 58.186 million, 67.665 million, and 150 million yuan respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It was oversubscribed 2079 times. Analysts pointed out that the main reason why the market is so optimistic about Times Angel is that the main competitors of Times Angel in this field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years, the stock price has skyrocketed, and it is a veritable big bull stock in the US stock market. As of the close on June 15, the total market value of Alai Technology was US $47.5 billion (approximately HK $368.7 billion).</p><p>International oil prices continue to rise, driving the \"three barrels of oil\" in Hong Kong stocks to buck the trend and open higher.<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical industry rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to an intraday high of $74.39 today, a new high since April 2019; U.S. oil rose to an intraday high of $72.55 today, a new high since October 2018.</p><p>More than 4% of China Gas resumed trading in open low, and its non-wholly-owned subsidiary is one of the gas suppliers in Shiyan gas explosion accident area.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 09:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 16, the three Hong Kong stock indexes in open low, the Hang Seng Index fell 0.1% to 28,609 points, the State Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Mainland real estate stocks, which fell across the board yesterday, rebounded, and the negative landing landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and Minsheng Education all rose; Large technology stocks generally fell, NetEase fell more than 1%, Meituan, Tencent, Xiaomi, and Baidu all fell; Gas stocks continued yesterday's decline, steel, copper and other non-ferrous metal stocks fell significantly, and automobile stocks and banking stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK $400 on the first day of listing today, with a pre-market turnover of nearly HK $1.8 billion and a market value of HK $66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. The prospectus shows that from 2018 to 2020, the company's revenue was 488 million, 645 million, and 816 million yuan respectively, and its profits during the period were 58.186 million, 67.665 million, and 150 million yuan respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It was oversubscribed 2079 times. Analysts pointed out that the main reason why the market is so optimistic about Times Angel is that the main competitors of Times Angel in this field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years, the stock price has skyrocketed, and it is a veritable big bull stock in the US stock market. As of the close on June 15, the total market value of Alai Technology was US $47.5 billion (approximately HK $368.7 billion).</p><p>International oil prices continue to rise, driving the \"three barrels of oil\" in Hong Kong stocks to buck the trend and open higher.<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical industry rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to an intraday high of $74.39 today, a new high since April 2019; U.S. oil rose to an intraday high of $72.55 today, a new high since October 2018.</p><p>More than 4% of China Gas resumed trading in open low, and its non-wholly-owned subsidiary is one of the gas suppliers in Shiyan gas explosion accident area.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"513600":"恒生指数ETF","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155187410","content_text":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(校外教育培训监管司成立)，教育股多数上涨，东方教育、民生教育等均有涨幅；大型科技股普跌，网易跌超1%，美团、腾讯、小米、百度皆下跌；燃气股延续昨日跌势，钢铁、铜等有色金属股跌幅明显，汽车股、银行股走低。\n口腔正畸龙头时代天使时代天使今日首日上市高开131.21%报400港元，盘前成交近18亿港元，市值663亿港元。\n时代天使是国内领先的隐形矫治解决方案提供商，市占率41.3%，排名市场第一。招股书显示，2018-2020年，公司收益分别为4.88亿、6.45亿、8.16亿元人民币，期内利润分别为5818.6万、6766.5万、1.5亿元人民币。\n时代天使获超额认购2079倍。分析人士指出，市场之所以如此看好时代天使，主要原因是时代天使在该领域的主要竞争对手阿莱科技在过去的10多年里股价暴涨，是美股中名副其实的大牛股。截至6月15日收盘，阿莱科技总市值475亿美元（约合3687亿港元）。\n国际油价继续上涨，带动港股“三桶油”逆势高开。中国石油股份涨0.56%、中国石油化工涨0.24%、中国海洋石油涨1.35%。布油今日盘中最高涨至74.39美元，创2019年4月以来新高；美油今日盘中最高涨至72.55美元，创2018年10月以来新高。\n中国燃气复牌低开逾4%，非全资附属公司是十堰燃气爆炸事故区域的燃气供货商之一。","news_type":1,"symbols_score_info":{"513600":0.9,"HHImain":0.9,"HSImain":0.9,"02833":0.9,"MHImain":0.9,"MCHmain":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":156520582,"gmtCreate":1625231371946,"gmtModify":1703738922801,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156520582","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"us","language":"zh","title":"Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146657562,"gmtCreate":1626078279456,"gmtModify":1703752880570,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146657562","repostId":"2150658399","repostType":4,"repost":{"id":"2150658399","kind":"news","pubTimestamp":1626059187,"share":"https://ttm.financial/m/news/2150658399?lang=en_US&edition=fundamental","pubTime":"2021-07-12 11:06","market":"us","language":"zh","title":"\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps","url":"https://stock-news.laohu8.com/highlight/detail?id=2150658399","media":"FX168","summary":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可","content":"<p>The earnings season for U.S. stocks kicks off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all hit new highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four major hidden worry traps, namely, the peak of corporate profit growth, the possible slowdown of economic growth, and variants. Virus strains are rampant and the Federal Reserve tends to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The last quarter's financial report will be announced on the 13th, symbolizing the start of the US stock earnings season. According to Fact Set data, analysts predict that the profits of S&P 500 companies in the second quarter of this year will surge 64% compared with the same period last year, the highest in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of jobs.</p><p>Let's first take a look at what Bloomberg Intelligence pointed out. During the novel coronavirus pneumonia epidemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the earnings season began, the S&P 500 index rose by an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may also lead to the peak of corporate profit growth. Therefore, investors are worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also perform poorly.</p><p>The Federal Reserve's semi-annual report on the U.S. economy submitted to Congress shows that shortages of some raw materials and labor shortages are hindering a strong economic rebound this year and prompting temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but the shortage of raw material inputs and labor continues to inhibit the restart of many commercial activities.</p><p>The report also revealed the signals of Fed officials' next decisions on recent economic development. Since March 2020, when COVID-19 pandemic set off a wave in the United States, the Federal Reserve has consistently set interest rates near zero. The Federal Reserve has indicated that it expects interest rates to remain unchanged at that level until it is determined that inflation can remain within the 2% target and the labor market returns to so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery is likely to face obstacles in the coming months, and transient inflation will remain the focus of investors' attention. Economic growth may slow down, and the most obvious signal of the weakening of the economy is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting bank stocks to lose their original appeal, and growth stocks such as technology stocks are expected to be welcome again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% early next year. Given that the policy support of the US government will weaken, and last year's low base period effect will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that the current average price-to-earnings ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its ability to withstand negative news is very weak. Coupled with the preparations of U.S. President Biden's administration to raise corporate tax rates, and rising wages and raw material costs, the impact on corporate net profits is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it would cooperate with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end the competition to attract companies through minimum tax rates, because this competition will ultimately erode government revenues. This proposal brings the position of the United States closer to the minimum tax rate of 12.5% discussed by the OECD before the United States re-entered the negotiations.</p><p>Tobias Levkovich added that the current U.S. stock market is too complacent, and many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Lower corporate profits, rising inflation concerns, the withdrawal of the Federal Reserve, government tax increases and many other negative news will continue to follow.</p><p>Investors will also keep an eye on the U.S. consumer price index (CPI) in June, which is expected to be released on July 14, and is expected to rise by 5% annually. Federal Reserve Chairman Jerome Powell will also attend the hearing on the same day to release the first-half report on monetary policy, and his speech on inflation and economic outlook will also be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index is rising far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rate of enterprises this year and next year is 14% respectively. and 10%. He believes that the surplus in 2022 needs to increase by 14%, reducing the estimated price-to-earnings ratio to 18 times, so that U.S. stocks can be considered reasonable.</p><p>In terms of COVID-19 pandemic, the United States has been hit by a new wave of variant strains, especially the Delta variant strain originally discovered in India. The U.S. Centers for Disease Control and Control (CDC) said that it has listed the Delta variant as the main virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to vaccinate an additional third dose of vaccine in August, saying that the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly infectious Indian Delta variant strain.</p>","source":"fxdaily_fut","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Buy every earnings season\" may fail! U.S. stock outlook encounters 4 hidden worries and traps\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">FX168</strong><span class=\"h-time small\">2021-07-12 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The earnings season for U.S. stocks kicks off this week and will be led by<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Wait for bank stocks to take the lead. Although the three major U.S. stock indexes all hit new highs before last weekend, and the profits of listed companies are expected to increase by 60%, investors are currently more focused on four major hidden worry traps, namely, the peak of corporate profit growth, the possible slowdown of economic growth, and variants. Virus strains are rampant and the Federal Reserve tends to reduce the scale of easing. Since last year, the iron law of buying every earnings season may fail, and investment institutions have begun to increase the proportion of cash.</p><p>JPMorgan Chase and<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>The last quarter's financial report will be announced on the 13th, symbolizing the start of the US stock earnings season. According to Fact Set data, analysts predict that the profits of S&P 500 companies in the second quarter of this year will surge 64% compared with the same period last year, the highest in more than a decade. With U.S. stock prices already high and consumer prices rising simultaneously, investors will pay attention to executives' views on profit prospects and profits, and how to solve the current shortage of jobs.</p><p>Let's first take a look at what Bloomberg Intelligence pointed out. During the novel coronavirus pneumonia epidemic, U.S. stock investors are winners as long as they buy when the earnings season comes. Earlier, in the six weeks after the earnings season began, the S&P 500 index rose by an average of 4.6%. However, analysts mentioned that the economic expansion cycle has reached its peak, which may also lead to the peak of corporate profit growth. Therefore, investors are worried that the 15-month policy bull market may be discouraged. Historical experience shows that when corporate profits reach their peak, the stock market will also perform poorly.</p><p>The Federal Reserve's semi-annual report on the U.S. economy submitted to Congress shows that shortages of some raw materials and labor shortages are hindering a strong economic rebound this year and prompting temporary inflation. The report also mentioned that progress in vaccination has led to economic recovery and strong growth, but the shortage of raw material inputs and labor continues to inhibit the restart of many commercial activities.</p><p>The report also revealed the signals of Fed officials' next decisions on recent economic development. Since March 2020, when COVID-19 pandemic set off a wave in the United States, the Federal Reserve has consistently set interest rates near zero. The Federal Reserve has indicated that it expects interest rates to remain unchanged at that level until it is determined that inflation can remain within the 2% target and the labor market returns to so-called \"full employment\".</p><p>According to the report released by the Federal Reserve, the process of U.S. economic recovery is likely to face obstacles in the coming months, and transient inflation will remain the focus of investors' attention. Economic growth may slow down, and the most obvious signal of the weakening of the economy is that the yield of the 10-year Treasury Bond in the United States has continued to decline in recent weeks, prompting bank stocks to lose their original appeal, and growth stocks such as technology stocks are expected to be welcome again.</p><p>After the end of the second quarter financial report, analysts expect that the profit growth of enterprises will slow down in the next three quarters, and it is expected that the profit growth rate will not reach 5% early next year. Given that the policy support of the US government will weaken, and last year's low base period effect will also come to an end.</p><p><a href=\"https://laohu8.com/S/C\">Citigroup</a>Tobias Levkovich, chief U.S. stock strategist, said that the current average price-to-earnings ratio of U.S. stocks has reached the highest point since the dot-com bubble, and its ability to withstand negative news is very weak. Coupled with the preparations of U.S. President Biden's administration to raise corporate tax rates, and rising wages and raw material costs, the impact on corporate net profits is not small.</p><p>In a statement in May, the U.S. Treasury Department mentioned that it would cooperate with the Organization for Economic Cooperation and Development (OECD) and the Group of Twenty (G20) to propose a global minimum corporate tax rate of 15% at the meeting of international tax negotiations to end the competition to attract companies through minimum tax rates, because this competition will ultimately erode government revenues. This proposal brings the position of the United States closer to the minimum tax rate of 12.5% discussed by the OECD before the United States re-entered the negotiations.</p><p>Tobias Levkovich added that the current U.S. stock market is too complacent, and many investors believe that the stock market will smoothly shift from policy to performance, but this is still uncertain. Lower corporate profits, rising inflation concerns, the withdrawal of the Federal Reserve, government tax increases and many other negative news will continue to follow.</p><p>Investors will also keep an eye on the U.S. consumer price index (CPI) in June, which is expected to be released on July 14, and is expected to rise by 5% annually. Federal Reserve Chairman Jerome Powell will also attend the hearing on the same day to release the first-half report on monetary policy, and his speech on inflation and economic outlook will also be a driving factor.</p><p>Nicholas Colas, co-founder of DataTrek, mentioned that the S&P 500 index is rising far faster than the growth rate of corporate earnings. Since the beginning of this year, the index has risen by nearly 16%, while the estimated profit growth rate of enterprises this year and next year is 14% respectively. and 10%. He believes that the surplus in 2022 needs to increase by 14%, reducing the estimated price-to-earnings ratio to 18 times, so that U.S. stocks can be considered reasonable.</p><p>In terms of COVID-19 pandemic, the United States has been hit by a new wave of variant strains, especially the Delta variant strain originally discovered in India. The U.S. Centers for Disease Control and Control (CDC) said that it has listed the Delta variant as the main virus in the United States, accounting for more than 50% of confirmed cases. American pharmaceutical companies<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(Pfizer) and its German partner BioNTech announced that they plan to apply to the U.S. Food and Drug Administration (FDA) for authorization to vaccinate an additional third dose of vaccine in August, saying that the third dose of vaccine within 12 months can greatly improve immunity, and It can also help to fight the highly infectious Indian Delta variant strain.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.fx168.com/usstock/2107/5185033.shtml\">FX168</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0da219c302a7bbcc8785c7a4851f3ad7","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","OEX":"标普100","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","TQQQ":"纳指三倍做多ETF","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares"},"source_url":"https://www.fx168.com/usstock/2107/5185033.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150658399","content_text":"美国股市的财报季在本周拉开序幕，将由摩根大通等银行股率先起跑。尽管美股三大指数都在上周末前创新高，而且上市企业获利预计将增长60%，但投资者目前更聚焦于4大隐忧陷阱，分别是企业获利增长攀峰、经济增长可能减缓、变种毒株肆虐和美联储倾向缩减宽松规模。去年以来每逢财报季就买进的操作铁律恐怕将失灵，投资机构已经开始提高现金比重。\n摩根大通与高盛将在13日公布上季财报，象征着美股财报季的启动。根据Fact Set数据显示，分析师预测标准普尔500指数成分企业，在今年第二季的获利将比去年同期激增64%，是10多年以来的最高纪录。在美股价格已高、消费者物价也同步走扬的情况下，投资者将关注主管对获利前景和利润的看法，以及如何解决目前缺工的问题。\n先来看看彭博资讯(Bloomberg Intelligence)所指，在新冠肺炎疫情期间，美股投资者只要在财报季来临时买进都是赢家。早前在财报季开始后的6周内，标准普尔500指数平均上涨幅度达到4.6%。但分析师提到，经济扩张周期已经到顶，连带可能使得企业获利增长攀升高峰。投资者因此担忧，历经15个月的政策大牛市将可能泄气。历史经验显示，在企业获利增长到顶峰时，股市表现也将欠佳。\n美联储向国会呈交的美国经济半年报告中显示出，部分原物料短缺和缺工问题，正阻碍着今年强劲的经济反弹，并促使暂时性通胀出现。报告还提到，疫苗接种方面的进展已经使得经济复苏且强劲增长，但原物料投入短缺和缺工，持续抑制着许多商业活动的重新启动。\n报告也透露，美联储官员接下来对近期经济发展决策的信号。自2020年3月新冠疫情在美国掀起浪潮以来，美联储持续将利率定在接近于零的水平。美联储曾表明，在确定通胀率能维持在2%的目标内，劳动力市场恢复至所谓“充分就业”之前，预计利率都将维持在该水平不变。\n根据美联储所发布的报告反映出，美国经济复苏的进程有可能在未来几个月内面临障碍，短暂性通胀问题仍然会是投资者关注的焦点。经济增长可能放缓，而景气转弱的最明显信号，就是近几周美国10年期国债收益率持续下降，促使银行股失去其原有的吸引力，科技股等成长型股票预计将再次获得欢迎。\n在第二季财报结束后，分析师预计未来三季企业获利增长都将减缓，预计明年初时获利增长率将无法达到5%，鉴于美国政府的政策支持力道将减弱，而且去年的低基期效应也将宣告结束。\n花旗首席美股策略师Tobias Levkovich表示，目前美股平均本益比达到网络泡沫以来的最高点，对利空的承受能力非常弱。再加上美国总统拜登政府准备提高企业税率，而且工资与原料成本上升，对企业净利的影响不小。\n美国财政部5月份在声明中提到，与经济合作与发展组织(OECD)和二十国集团(G20)合作，针对在国际税收谈判的会议中提出15%的全球最低公司税率，以结束通过最低税率吸引公司的竞争，因为这种竞争最终会侵蚀政府收益。这项提议让美国的立场更贴近，经合组织在美重新参与谈判前所讨论的12.5%最低税率水平。\nTobias Levkovich补充道，目前美股市场过于自满，许多投资者都相信，股市将从政策行情顺利转向业绩行情，但这都还无法确定。企业利润降低、通胀担忧升高，美联储退场、政府加税等诸多利空，都将持续接踵而至。\n投资者也将紧盯预计在7月14日发布的6月份美国消费者物价指数(CPI)，预计年涨5%。美联储主席鲍威尔也将在同日出席听证会，发布货币政策上半年度的报告，而他对通胀与经济展望的讲话也将成为驱动因素。\nDataTrek共同创始人Nicholas Colas提到，标准普尔500指数涨势远比企业盈余增长速度快，今年初以来该指数已经涨近16%，而今年和明年的企业预估获利增长率分别为14%和10%。他认为，2022年盈余需要增长14%，使得预估本益比降低至18倍，美股才算是合理。\n而在新冠疫情方面，美国遭遇新一波变种毒株的来袭，特别是最初在印度发现的Delta变种毒株。美国疾病控制与中心(CDC)表示，已经将Delta变异株列为美国主要病毒，占据超过50%的确诊病例。美国制药公司辉瑞(Pfizer)和其德国合作伙伴BioNTech宣布，计划8月向美国食品药品管理局(FDA)申请授权追加接种第三剂疫苗，表示12个月内接种第三剂疫苗能大幅度提高免疫力，而且也能有助于借此来对抗高传染力的印度Delta变种毒株。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"SQQQ":0.9,".SPX":0.9,"NQmain":0.9,"PSQ":0.9,"OEF":0.9,"DDM":0.9,"MNQmain":0.9,"UDOW":0.9,"DXD":0.9,"SH":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9,"QQQ":0.9,"SSO":0.9,"DOG":0.9,"UPRO":0.9,"QLD":0.9,"SDOW":0.9,"SPXU":0.9,"OEX":0.9,"TQQQ":0.9,"DJX":0.9,"QID":0.9,"ESmain":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":2048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146643748,"gmtCreate":1626078473284,"gmtModify":1703752884814,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146643748","repostId":"1148322111","repostType":4,"repost":{"id":"1148322111","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626077734,"share":"https://ttm.financial/m/news/1148322111?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:15","market":"hk","language":"zh","title":"Tiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1148322111","media":"老虎资讯综合","summary":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000","content":"<p>July 12th,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The black market quoted HK $25, an increase of 12.36% from the issue price. The company priced HK $22.25 per share, with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The black market quoted HK $1.77, an increase of 11.32% from the issue price. The company priced HK $1.59 per share, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong stock market on July 13 (Tuesday).</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed, and 45,541 people won the lottery. The winning rate of one lot was 5%. 40 lots were subscribed and one lot was stable, and the oversubscription was 292 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed, and 7,653 people won the lottery. The winning rate of one lot was 20%, and 10 lots were subscribed steadily, with an oversubscription of 6.01 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Black Market: Tengsheng Boyao-B rose more than 12%, South China Vocational Education rose more than 11%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-12 16:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 12th,<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>The black market quoted HK $25, an increase of 12.36% from the issue price. The company priced HK $22.25 per share, with 500 shares per lot;<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>The black market quoted HK $1.77, an increase of 11.32% from the issue price. The company priced HK $1.59 per share, with 2,000 shares per lot. Both new stocks will be listed on the Hong Kong stock market on July 13 (Tuesday).</p><p><img src=\"https://static.tigerbbs.com/36082bd8e2a3e8eb3899213b021a5cab\" tg-width=\"1080\" tg-height=\"2337\"><img src=\"https://static.tigerbbs.com/0512bf03747ba7bd12e34cc312acb718\" tg-width=\"1080\" tg-height=\"2337\"></p><p>In the previous public subscription stage of Tengsheng Boyao-B, a total of 246,540 people subscribed, and 45,541 people won the lottery. The winning rate of one lot was 5%. 40 lots were subscribed and one lot was stable, and the oversubscription was 292 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/6804fe5ca9085f6481244e4a826c03d7\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p>In the previous public subscription stage of South China Vocational Education, a total of 25,345 people subscribed, and 7,653 people won the lottery. The winning rate of one lot was 20%, and 10 lots were subscribed steadily, with an oversubscription of 6.01 times. The relevant data of Tiger Information Collation is as follows:</p><p><img src=\"https://static.tigerbbs.com/167f80822b8d766b93451fcbc6753403\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"06913":"华南职业教育","02137":"腾盛博药-B"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148322111","content_text":"7月12日，腾盛博药-B暗盘报25港元，较发行价涨12.36%，公司每股定价22.25港元，每手500股；华南职业教育暗盘报1.77港元，较发行价涨11.32%，公司每股定价1.59港元，每手2000股。两只新股均将于7月13日（周二）港股上市。\n\n腾盛博药-B在此前的公开认购阶段，共有246540人申购，中签人数45541人，一手中签率5%，认购40手稳中一手，超额认购292倍。老虎资讯整理相关数据如下表：\n\n华南职业教育在此前的公开认购阶段，共有25345人申购，中签人数7653人，一手中签率20%，认购10手稳中一手，超额认购6.01倍。老虎资讯整理相关数据如下表：","news_type":1,"symbols_score_info":{"02137":0.9,"06913":0.9}},"isVote":1,"tweetType":1,"viewCount":1656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070456,"gmtCreate":1624933278575,"gmtModify":1703848269121,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070456","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":1617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159070887,"gmtCreate":1624933258149,"gmtModify":1703848268476,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159070887","repostId":"1104770632","repostType":4,"repost":{"id":"1104770632","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624927163,"share":"https://ttm.financial/m/news/1104770632?lang=en_US&edition=fundamental","pubTime":"2021-06-29 08:39","market":"sh","language":"zh","title":"Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot","url":"https://stock-news.laohu8.com/highlight/detail?id=1104770632","media":"老虎资讯综合","summary":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头","content":"<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNayuki's tea lottery winning rate is 8%, and 40 lots are subscribed to secure one lot\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-29 08:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on June 29, this Tuesday<a href=\"https://laohu8.com/S/02150\">Nayuki's tea</a>According to the announcement, the company issued 257 million shares, priced at HK $19.8 per share, with 500 shares per lot, and is expected to be listed on June 30.<img src=\"https://static.tigerbbs.com/6af239b570522de01079011982ac9576\" tg-width=\"661\" tg-height=\"550\" referrerpolicy=\"no-referrer\"><b>Distribution result:</b></p><p>Group A has 500 shares per lot, and the winning rate of one lot is 8%. If you subscribe for 40 lots, you will secure one lot.</p><p>The head of Group B is 300,000 shares (600 lots), and 3,000 shares (6 lots) are allocated.<img src=\"https://static.tigerbbs.com/d1861f115ef2892bc51ce6b5f05ff7b8\" tg-width=\"536\" tg-height=\"629\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5f27f80d6ce9a1fdc75d8516bf6b6ffe\" tg-width=\"543\" tg-height=\"741\" referrerpolicy=\"no-referrer\">During the public offering stage, Nayuki's tea was subscribed 432.03 times, and the final number of offer shares allocated to the public offering was 129 million shares, accounting for 50% of the total number of offer shares (before any over-allotment option is exercised). A total of 642033 valid applications were received.</p><p>In addition, the international offering was significantly oversubscribed, and the final number of offer shares was 129 million shares (excluding over-allocation shares), equivalent to 50% of the total number of offer shares.</p><p>In terms of fund-raising purposes, the company intends to use the net proceeds received from the global offering estimated to be approximately HK $4.84 billion (assuming that the over-allotment option is not exercised) for the following purposes: approximately 70.0% will be used to expand the tea shop network in the next three years and increase its market penetration; Approximately 10.0% will be used in the next three years to further improve overall operations by strengthening technical capabilities to improve operational efficiency; About 10.0% will be used to improve supply chain capabilities in the next three years to support the company's scale expansion; Approximately 10.0% will be used for working capital and general corporate purposes.</p><p>It is reported that Naixue's tea shop operated by the company is China's leading high-end ready-made tea chain store, focusing on providing ready-made tea drinks. According to CIC, Nayuki's tea is the second largest teahouse brand in China's high-end ready-made teahouse market in terms of total retail consumption in 2020, with a market share of 18.9%. In terms of total retail consumption in 2020, Nayuki's tea is the seventh largest teahouse brand in China's overall ready-made teahouse industry, with a market share of 3.9%.</p><p>In order to enhance the convenience and personalized experience of Nayuki's tea to customers, the company launched Nayuki's tea membership system and Nayuki's tea application, and achieved full integration with the company's Nayuki's tea shop network. The company's Nayuki tea membership system has about 34.7 million registered members. In 2020, approximately 49.0% of Nayuki's total tea orders came from Nayuki's tea members.</p><p>The number of Nayuki's teahouses grew rapidly from 44 as of December 31, 2017 to 491 as of December 31, 2020, and further to 562 as of the Latest Practicable Date. The revenue generated by the company's Nayuki teahouse increased from RMB 910 million in 2018 to RMB 2.292 billion in 2019, and further increased to RMB 2.871 billion in 2020.</p><p>In addition, in terms of same stores in 2018 and 2019, Nayuki's tea same store profit margin remained stable in 2018 and 2019, at 24.9% and 25.3%, respectively. Due to the impact of the COVID-19 outbreak, in terms of same stores in 2019 and 2020, Nayuki's tea same store profit margin was 13.5% in 2020, compared to 21.0% in 2019.</p><p>Throughout the track record period, the company's profitability continued to improve, with total revenue increasing from 1.087 billion yuan in 2018 to 3.057 billion yuan in 2020, with a compound annual growth rate of 67.7% from 2018 to 2020; The adjusted net loss decreased significantly from RMB 56.58 million in 2018 to RMB 11.735 million in 2019, and further reversed to an adjusted net profit of RMB 16.643 million in 2020.</p><p>In the first nine months of 2020, the company recorded revenue of 2.115 billion yuan and adjusted net profit of 4.484 million yuan. Under the influence of the epidemic, the domestic food industry has been greatly impacted. The company's adjusted net profit has narrowed under pressure, but its revenue still maintains a strong growth momentum.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/969153dc5674369c3b376e33d2fc3976","relate_stocks":{"02150":"奈雪的茶"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104770632","content_text":"6月29日消息，本周二奈雪的茶发布公告，公司发行2.57亿股股份，每股定价19.8港元，每手500股，预期将于6月30日上市。分配结果：\n甲组每手500股，一手中签率8%，认购40手稳中一手。\n乙组头为30万股（600手），获配3000股（6手）。公开发售阶段奈雪的茶获432.03倍认购，分配至公开发售的发售股份最终数目为1.29亿股，占发售股份总数的50%（任何超额配股权获行使前）。合共接获642033份有效申请。\n此外，国际发售获大幅超额认购，发售股份最终数目为1.29亿股（不包括超额分配股份），相当于发售股份总数的50%。\n筹资用途方面，公司拟将收取的全球发售所得款项净额估计约48.4亿港元（假设超额配股权并无获行使）用于以下用途：约70.0%将在未来三年用于扩张茶饮店网络并提高其市场渗透率；约10.0%将在未来三年用于通过强化技术能力，进一步提升整体运营，以提升运营效率；约10.0%将在未来三年用于提升供应链能力，以支持公司的规模扩张；约10.0%将用作营运资金及作一般企业用途。\n据悉，公司所经营的奈雪的茶茶饮店是中国领先的高端现制茶饮连锁店，专注于提供现制茶饮。根据灼识谘询的资料，按2020年零售消费总值计，奈雪的茶在中国高端现制茶饮店市场中为第二大茶饮店品牌，市场份额为18.9%。按2020年零售消费总值计，奈雪的茶在中国整体现制茶饮店行业中为第七大茶饮店品牌，市场份额为3.9%。\n为提升奈雪的茶对客户的便利性及个性化体验，公司推出奈雪的茶会员体系及奈雪的茶应用程序，并实现与公司奈雪的茶茶饮店网络的全面整合。公司的奈雪的茶会员体系有注册会员约3470万名。于2020年，奈雪的茶订单总数中约49.0%来自奈雪的茶会员。\n奈雪的茶茶饮店数量由截至2017年12月31日的44间迅速增长至截至2020年12月31日的491间，并于截至最后实际可行日期进一步增至562间。公司的奈雪的茶茶饮店所产生的收益由2018年的人民币9.1亿元增至2019年的人民币22.92亿元，并进一步增至2020年的人民币28.71亿元。\n此外，就2018年及2019年的同店而言，奈雪的茶同店利润率于2018年及2019年维持稳定，分别为24.9%及25.3%。由于COVID-19爆发的影响，就2019年及2020年的同店而言，奈雪的茶同店利润率于2020年为13.5%，而2019年为21.0%。\n于整个往绩记录期间，公司的盈利能力不断提升，总营收由2018年的10.87亿元提升至2020年的30.57亿元人民币，2018~2020年的复合年增长率达67.7%；经调整净亏损由2018年的人民币5658万元大幅减少至2019年的人民币1173.5万元，并进一步扭转为2020年的经调整净利润1664.3万元人民币。\n2020年前9个月，公司录得收入21.15亿元，经调整净利润448.4万元。在疫情影响下，国内食品行业受到较大冲击，公司经调整净利润承压收窄，但营收仍保持强劲增长势头。","news_type":1,"symbols_score_info":{"02150":0.9}},"isVote":1,"tweetType":1,"viewCount":1709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146654569,"gmtCreate":1626078219951,"gmtModify":1703752878620,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146654569","repostId":"2150302995","repostType":4,"repost":{"id":"2150302995","kind":"highlight","weMediaInfo":{"introduction":"美股研究社，一个专注研究美股的平台，专业的美股投资人都在这。想了解美国股市行情、美股开户、美股资讯、美股公司；想获得一手美股重磅信息；想加入美股交流社群，敬请关注我们吧。","home_visible":0,"media_name":"美股研究社","id":"1074069735","head_image":"https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6"},"pubTimestamp":1626078007,"share":"https://ttm.financial/m/news/2150302995?lang=en_US&edition=fundamental","pubTime":"2021-07-12 16:20","market":"us","language":"zh","title":"Is the biggest test for U.S. stocks finally here? Can performance support valuations?","url":"https://stock-news.laohu8.com/highlight/detail?id=2150302995","media":"美股研究社","summary":"企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验。","content":"<p>It's time to meet you on the weekend again. Although there were some intraday shocks last week, the three major stock indexes still closed up strongly. Even if there was a correction, they formed a reversal within the day, and the upward momentum was terribly strong.</p><p>Next week is about to usher in the earnings season. U.S. stocks have risen to such a high position, and ugly daughters-in-law have to see their parents. Whether the company's performance will continue to grow substantially or experience a cliff-like decline will be the biggest test in the next few months. After all, No matter how the Fed releases water, the rise in stock prices will still have to return to fundamentals in the long run.</p><p>One of the most worrying things last week was that before the earnings season officially started, FAAMG has hit record highs. We just experienced a similar plot in the first quarter earnings season that started on April 15. The final result was Sell in May, and the Nasdaq pullback/retracement 10% from its high level.</p><p>Here, let's first experience the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion increased by 53.6% year-over-year. Net profit was US $23.63 billion, a year-on-year increase of 110%.</p><p>GOOG: Revenue was US $55.314 billion, a year-on-year increase of 34%, and net profit was US $17.930 billion, a year-on-year increase of 162%.</p><p>MSFT: Revenue of $41.7 billion, a year-on-year increase of 19%; Net profit was US $15.5 billion, a year-on-year increase of 44%.</p><p>FB: Revenue of US $26.171 billion, a year-on-year increase of 48%; Net profit was US $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-on-year increase of 44%; Net profit was US $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-on-year increase of 64%; Net profit was US $4.073 billion, a year-on-year increase of 18%.</p><p>Tencent: Revenue of US $21 billion, a year-on-year increase of 25%; Net profit was US $5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the above set of data, I believe everyone should think the same way as me. FAAMG's performance is really strong and terrible, especially the profit growth. Ali and Tencent are really not at the same level at all, but with such financial reports, all of them are in the end. Death, the market had already begun to worry about unsustainable growth.</p><p>Why is the first quarter financial report so strong? On the one hand, in the first quarter of last year, the United States was not fully blocked, and Internet giants had not yet ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the dividends of the epidemic, and naturally there was explosive growth; On the other hand, the U.S. government is really giving out too much money. It earns more by not going to work than by going to work. In addition, vaccines have been released, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of epidemic dividends, and the revenue base was very large. In the second quarter of this year, due to the disappearance of epidemic dividends, revenue growth may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth to some extent. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or it should be said to return to normal.</p><p>FAAMG has currently reached record highs. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was at 14,000, such a strong performance in the first quarter was not supported in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq is likely to have risen to the range of 15,000 ~ 15,200, but at this position, we are ushering in a stage of slowing revenue growth, and the performance growth of enterprises can support the current high valuation? I'm worried that the market will experience another selling news at the end of April, thus making a deep correction.</p><p>Not to mention far, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%. The agency's revenue growth forecast for Amazon's second quarter also dropped to 28%, and the revenue growth forecast for the third quarter was 22%. Imagine that the stock price of a company has risen from $3,000 to $3,800, but the revenue growth rate has dropped from 44% to 28%. Can this increase last? What I am most worried about is, in fact, after the relief subsidies in the United States are stopped, can consumption maintain the high growth rate as in the first quarter?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. Next week is mainly the financial report of bank stocks, which should be very stable at this stage. After all, bank stocks have been adjusted for two months in advance, and they have not risen much recently. Now is the time to violently rise through favorable financial reports. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the range of 15,000 ~ 15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to produce blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. As all 23 banks passed the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve praised lenders.</p><p>Bank stocks led the sell-off on Wall Street on Thursday as some investors trimmed their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been oscillating amid heightened fears of slower growth.</p><p>For the Banks industry, which includes these major Banks and accounts for roughly 45% of total financial sector earnings, Zacks sees second-quarter earnings growth of +190.8%.</p><p>With such strong profit growth expectations, I think it will be difficult to see bank stocks plummet next week. As long as bank stocks do not fall, the three major stock indexes will inevitably continue to skyrocket mindlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after experiencing a mindless surge next week, maybe you should consider lightening your position. As for the reason, it has been quite clear above.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, economic growth may have achieved excellent performance. Profit growth may slow down, but analysts still expect the profits of S&P 500 companies to achieve double-digit growth in the next two quarters. It is essential not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of mindless surge is largely related to the continuous decline in the yield of the ten-year Treasury Bond of U.S. bonds. If the bond market cannot make money, money will naturally flock to the stock market. Data provider EPFR said inflows into global equity funds reached $580 billion in the first half of 2021, a record high.</p><p>Bank of America even gave a further analysis. If the rate of capital inflows remains unchanged for the rest of this year, the capital inflows of global equity funds in 2021 will exceed the sum of the past 20 years. Driven by the continuous inflow of funds, the world's major stock indexes have climbed to record highs in the past week.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation where the global stock market is constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Chase Asset Management and other companies predict that the stock market will continue to rise in the second half of this year, and now some institutions have even given the S&P a target price of 5,000.</p><p>To put it bluntly, although the U.S. stock market may usher in relatively large fluctuations after late July, after all, it has risen so much in a very short period of time, there will definitely be many people who will make profits from the financial report and run away, but as long as the Fed's policy is not tightened, the overall upward trend of U.S. stocks may not change.</p><p>As for how to lay out the second half of the year? From June 23rd to 30th, CNBC conducted a survey of about 100 chief investment officers, equity strategists and portfolio managers who manage funds on Wall Street. Nearly 70% of the respondents expect that value stocks will perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believe that financial stocks will be the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduces discussions on bond buying, inflation, corporate profit margin pressures and tax increases.</p><p>We are still bullish on U.S. stocks, but investment must have a cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a stage of slow growth, while value stocks may return to the king again. After the 20th, U.S. stocks may not necessarily plummet. It just means that technology stocks are risky. Maybe if we conduct a large-scale position adjustment, we will completely alleviate the risks we may face?</p><p>Of course, it is too early to predict these now. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After the FAAMG financial report was released, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE announced stock splits one after another, or any of these giants announced a stock split, which will lead technology stocks to continue to skyrocket mindlessly. In particular, the probability of AMZN is not small. The first financial report of the new CEO takes office, and then gives investors a big gift. I really don't know where the US stock market will go.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry that the U.S. stock bubble is already huge. In the coming week, we will focus on long bank stocks and seize the opportunities here first. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</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>Is the biggest test for U.S. stocks finally here? Can performance support valuations?</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\">\nIs the biggest test for U.S. stocks finally here? Can performance support valuations?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-07-12 16:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>It's time to meet you on the weekend again. Although there were some intraday shocks last week, the three major stock indexes still closed up strongly. Even if there was a correction, they formed a reversal within the day, and the upward momentum was terribly strong.</p><p>Next week is about to usher in the earnings season. U.S. stocks have risen to such a high position, and ugly daughters-in-law have to see their parents. Whether the company's performance will continue to grow substantially or experience a cliff-like decline will be the biggest test in the next few months. After all, No matter how the Fed releases water, the rise in stock prices will still have to return to fundamentals in the long run.</p><p>One of the most worrying things last week was that before the earnings season officially started, FAAMG has hit record highs. We just experienced a similar plot in the first quarter earnings season that started on April 15. The final result was Sell in May, and the Nasdaq pullback/retracement 10% from its high level.</p><p>Here, let's first experience the first quarter financial reports of the seven major technology giants in China and the United States:</p><p>AAPL: Revenue of $89.6 billion increased by 53.6% year-over-year. Net profit was US $23.63 billion, a year-on-year increase of 110%.</p><p>GOOG: Revenue was US $55.314 billion, a year-on-year increase of 34%, and net profit was US $17.930 billion, a year-on-year increase of 162%.</p><p>MSFT: Revenue of $41.7 billion, a year-on-year increase of 19%; Net profit was US $15.5 billion, a year-on-year increase of 44%.</p><p>FB: Revenue of US $26.171 billion, a year-on-year increase of 48%; Net profit was US $9.497 billion, a year-on-year increase of 94%.</p><p>AMZN: Revenue of $108.5 billion, a year-on-year increase of 44%; Net profit was US $8.1 billion, a year-on-year increase of 220%.</p><p>BABA: Revenue of $29.1 billion, a year-on-year increase of 64%; Net profit was US $4.073 billion, a year-on-year increase of 18%.</p><p>Tencent: Revenue of US $21 billion, a year-on-year increase of 25%; Net profit was US $5.147 billion, a year-on-year increase of 22%.</p><p>Seeing the above set of data, I believe everyone should think the same way as me. FAAMG's performance is really strong and terrible, especially the profit growth. Ali and Tencent are really not at the same level at all, but with such financial reports, all of them are in the end. Death, the market had already begun to worry about unsustainable growth.</p><p>Why is the first quarter financial report so strong? On the one hand, in the first quarter of last year, the United States was not fully blocked, and Internet giants had not yet ushered in the opportunity to accelerate growth. The overall revenue base was relatively low. In the first quarter of this year, they continued to enjoy the dividends of the epidemic, and naturally there was explosive growth; On the other hand, the U.S. government is really giving out too much money. It earns more by not going to work than by going to work. In addition, vaccines have been released, and all kinds of retaliatory consumption are overwhelming, which is also conducive to boosting the performance of technology stocks.</p><p>After entering the second quarter financial report, we will usher in this negative double feedback. In the second quarter of last year, the revenue of Internet giants began to accelerate under the influence of epidemic dividends, and the revenue base was very large. In the second quarter of this year, due to the disappearance of epidemic dividends, revenue growth may slow down; Many continents in the United States have begun to stop granting subsidies, which is somewhat detrimental to consumption growth to some extent. Compared with the first quarter, the revenue growth rate of technology stocks is bound to enter a slowdown stage, or it should be said to return to normal.</p><p>FAAMG has currently reached record highs. In the past two months, the increase has exceeded 20%, and it is likely to continue to rise in the coming week. When the financial report is released, can they still stabilize at a high level? When the Nasdaq was at 14,000, such a strong performance in the first quarter was not supported in the end. Before the financial report of technology stocks in the second quarter, the Nasdaq is likely to have risen to the range of 15,000 ~ 15,200, but at this position, we are ushering in a stage of slowing revenue growth, and the performance growth of enterprises can support the current high valuation? I'm worried that the market will experience another selling news at the end of April, thus making a deep correction.</p><p>Not to mention far, let's talk about AMZN. On the past Prime Day, Amazon's annual promotion revenue only increased by 9%. The agency's revenue growth forecast for Amazon's second quarter also dropped to 28%, and the revenue growth forecast for the third quarter was 22%. Imagine that the stock price of a company has risen from $3,000 to $3,800, but the revenue growth rate has dropped from 44% to 28%. Can this increase last? What I am most worried about is, in fact, after the relief subsidies in the United States are stopped, can consumption maintain the high growth rate as in the first quarter?</p><p>My analysis above is after the 20th, because FAAMG's financial reports are basically after the 20th. Next week is mainly the financial report of bank stocks, which should be very stable at this stage. After all, bank stocks have been adjusted for two months in advance, and they have not risen much recently. Now is the time to violently rise through favorable financial reports. Therefore, our target price remains unchanged, and the Nasdaq continues to rise to the range of 15,000 ~ 15200. You can even be more optimistic and aggressive.</p><p>The banking sector is expected to produce blowout results in the second quarter as earnings in the S&P 500's financial sector doubled year-over-year, according to Refinitiv. As all 23 banks passed the central bank's stress test, major banks recently announced they would increase their payouts after the Federal Reserve praised lenders.</p><p>Bank stocks led the sell-off on Wall Street on Thursday as some investors trimmed their holdings amid a surprise drop in U.S. Treasury Bond yields. Then they hit back immediately on Friday, with strong earnings results likely to help stabilize a sector that has been oscillating amid heightened fears of slower growth.</p><p>For the Banks industry, which includes these major Banks and accounts for roughly 45% of total financial sector earnings, Zacks sees second-quarter earnings growth of +190.8%.</p><p>With such strong profit growth expectations, I think it will be difficult to see bank stocks plummet next week. As long as bank stocks do not fall, the three major stock indexes will inevitably continue to skyrocket mindlessly. It should be a matter of time before the Nasdaq breaks through 15,000 for the first time. But after experiencing a mindless surge next week, maybe you should consider lightening your position. As for the reason, it has been quite clear above.</p><p>In fact, the current market is still very optimistic. Callie Bost, a senior investment strategist at Ally Invest, an investment company, said, \"In the second quarter, economic growth may have achieved excellent performance. Profit growth may slow down, but analysts still expect the profits of S&P 500 companies to achieve double-digit growth in the next two quarters. It is essential not to lose confidence in the market just because the strongest economic growth may have passed.\"</p><p>This round of mindless surge is largely related to the continuous decline in the yield of the ten-year Treasury Bond of U.S. bonds. If the bond market cannot make money, money will naturally flock to the stock market. Data provider EPFR said inflows into global equity funds reached $580 billion in the first half of 2021, a record high.</p><p>Bank of America even gave a further analysis. If the rate of capital inflows remains unchanged for the rest of this year, the capital inflows of global equity funds in 2021 will exceed the sum of the past 20 years. Driven by the continuous inflow of funds, the world's major stock indexes have climbed to record highs in the past week.</p><p>Although many friends are very afraid of heights at present, we have to get used to this situation where the global stock market is constantly setting new records. BlackRock, State Street, UBS Asset Management, JPMorgan Chase Asset Management and other companies predict that the stock market will continue to rise in the second half of this year, and now some institutions have even given the S&P a target price of 5,000.</p><p>To put it bluntly, although the U.S. stock market may usher in relatively large fluctuations after late July, after all, it has risen so much in a very short period of time, there will definitely be many people who will make profits from the financial report and run away, but as long as the Fed's policy is not tightened, the overall upward trend of U.S. stocks may not change.</p><p>As for how to lay out the second half of the year? From June 23rd to 30th, CNBC conducted a survey of about 100 chief investment officers, equity strategists and portfolio managers who manage funds on Wall Street. Nearly 70% of the respondents expect that value stocks will perform better than growth stocks in the next quarter. At the industry sector level, most investors (67%) believe that financial stocks will be the biggest winners in the second half of the year, mainly because the Federal Reserve gradually reduces discussions on bond buying, inflation, corporate profit margin pressures and tax increases.</p><p>We are still bullish on U.S. stocks, but investment must have a cyclical layout thinking. Technology stocks have risen like this, and are likely to enter a stage of slow growth, while value stocks may return to the king again. After the 20th, U.S. stocks may not necessarily plummet. It just means that technology stocks are risky. Maybe if we conduct a large-scale position adjustment, we will completely alleviate the risks we may face?</p><p>Of course, it is too early to predict these now. After all, the market has been changing, and this earnings season of US stocks does not rule out such a plot. After the FAAMG financial report was released, AMZN, NFLX, ASML, GOOG, SHOP, LRCX, and ADBE announced stock splits one after another, or any of these giants announced a stock split, which will lead technology stocks to continue to skyrocket mindlessly. In particular, the probability of AMZN is not small. The first financial report of the new CEO takes office, and then gives investors a big gift. I really don't know where the US stock market will go.</p><p>Therefore, we still have to grasp the present moment, don't think too much, and don't worry that the U.S. stock bubble is already huge. In the coming week, we will focus on long bank stocks and seize the opportunities here first. As for the possible correction of technology stocks, it should also be regarded as a new opportunity to get on the bus.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f9f05ab18a70559b03deab3f261ff27d","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF-ProShares","TTTN":"老虎中美互联网巨头ETF","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DXD":"两倍做空道琼30指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","TQQQ":"纳指三倍做多ETF","DDM":"2倍做多道指ETF-ProShares","SQQQ":"纳指三倍做空ETF","OEF":"标普100指数ETF-iShares","QNETCN":"纳斯达克中美互联网老虎指数","OEX":"标普100","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","03086":"华夏纳指","PSQ":"做空纳斯达克100指数ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150302995","content_text":"又到了和大家周末见面的时候，上周虽然盘中经历了一些震荡，但三大股指仍然强势收涨，即使有回调也在日内就形成了反转，上涨动能强势的可怕。\n下周即将迎来财报季，美股已经涨到如此高的位置，丑媳妇也得见爹娘，企业的业绩到底是继续大幅增长，还是出现断崖式下跌，这将是未来几个月的最大考验，毕竟美联储再如何放水，股价的上涨长期还是要回归基本面。\n上周最让人担心的一件事，那就是财报季还没正式开启，FAAMG就纷纷创下了历史新高，类似的剧情我们刚刚在4月15日开启的一季度财报季就曾经历过，最后的结果是迎来了Sell in May，纳指从高位回撤了10%。\n在这里，我们还是先来感受下中美七大科技巨头的一季度财报吧：\nAAPL：营收896亿美元 同比增长53.6%。净利润236.3亿美元，同比增长110%。\nGOOG：营收553.14亿美元，同比增长34%，净利润179.30亿美元，同比增长162%。\nMSFT：营收417亿美元，同比增长19%；净利润155亿美元，同比增长44%。\nFB：营收261.71亿美元，同比增长48%；净利润94.97亿美元，同比增长94%。\nAMZN：营收1085亿美元，同比增长44%；净利润81亿美元，同比增长220%。\nBABA：营收291亿美元，同比增长64%；净利润40.73亿美元，同比增长18%。\n腾讯：营收210亿美元，同比增长25%；净利润51.47亿美元，同比增长22%。\n看到上面这组数据，相信大家应该和我一样的想法，FAAMG的业绩真是强的可怕，尤其是利润增长，阿里和腾讯真完全不是一个级别，但就是这样的财报，最后全部都是见光死，市场当时已经开始担忧增长不可持续的事了。\n一季度财报为什么这么强劲？一方面，去年一季度美国还没有全面封锁，互联网巨头还没有迎来加速增长的契机，营收基数整体比较低，今年一季度则仍然在继续享受疫情红利，自然就出现了爆发式增长；另一方面，美国政府发钱实在发的太多了，不上班比上班挣得还要多，再加上疫苗已经出来，各种报复性消费铺天盖地，这也有利于科技股的业绩提振。\n进入二季度财报之后，我们会迎来这种负向的双重反馈。去年二季度，互联网巨头的营收在疫情红利的影响下开始加速增长，营收基数非常大，今年二季度则因为疫情红利的消失，营收增速有可能会放缓；美国多个洲已经开始停止发放补助，这一定程度上又有点不利于消费增长。科技股的营收增速，相比一季度，势必会进入一个放缓阶段，或者应该说是回归常态。\nFAAMG当前都已经历史新高，在过去两个月时间，涨幅均超过20%，并且在未来一周，很可能继续涨下去，真到了财报公布的时候，它们还能在高位稳住吗？纳指14000的时候，一季度如此强劲的业绩，最后都没有撑住。二季度科技股财报来临之前，纳指很可能已经涨到了15000~15200这个区间，但在这个位置，我们迎来一个营收增速放缓的阶段，企业的业绩增长能够撑起当前的高估值吗？我很担心，市场会再经历一次4月末的卖出消息，从而进行一次深度的调整。\n远的不说，我们就来说下AMZN。刚刚过去的Prime Day，亚马逊年度促销的营收才增长了9%，机构对亚马逊二季度营收增长预期也下滑到了28%，对三季度的营收增长预期是22%。想象一下，一家公司的股价从3000美元涨到了3800美元，营收增速却从44%掉到了28%，这样的上涨能否持久。我最担心的，其实还是美国的救济补助停止发放之后，消费还能保持一季度那样的高增长吗？\n我上面的分析那是20号之后的事，因为FAAMG的财报基本都在20号之后。下一周主要是银行股财报，这个阶段应该是非常稳定的。毕竟银行股已经提前调整了两个月时间，最近也没怎么涨，现在正是借着财报利好暴力拉升的时候。所以我们的目标价仍然不变，纳指继续看涨到15000~15200这个区间，你甚至都可以更乐观更激进点。\nRefinitiv 的数据显示，随着标准普尔 500 指数金融板块的收益同比翻番，银行业预计将在第二季度产生井喷式业绩。由于所有 23 家银行都通过了中央银行的压力测试，因此在美联储对贷方表示赞赏后，主要银行最近宣布将增加派息。\n银行股领涨华尔街周四的抛售，因为一些投资者在美国国债收益率意外下跌的情况下减持。然后他们在周五立即回击，强劲的盈利结果可能有助于稳定在对增长放缓的担忧加剧的情况下震荡的行业。\n对于 Banks 行业（包括这些主要银行，约占金融部门总收益的 45%），Zacks预计第二季度收益将增长 +190.8%。\n这样的强劲利润增长预期，我想下周很难看到银行股暴跌的情况，银行股只要不跌，那三大股指必然继续无脑暴涨，纳指首次突破15000，应该就是时间问题了。但经历下周无脑暴涨之后，或许你该考虑减仓的事，至于原因，上面已经说得相当清楚了。\n当前的市场其实仍然非常乐观，投资公司Ally Invest的资深投资策略师卡莉·波斯特（Callie Bost）表示，“在第二季度里，经济增长可能取得了极好的表现。盈利增长可能放缓，但分析师仍旧预计标普500指数成分股公司的盈利在未来两个季度将实现两位数增长。不能因为经济最强劲的增长可能已经过去，就对市场失去信心，这一点至关重要。”\n这一轮的无脑暴涨，很大程度上和美债十年期国债收益率的不断走低有关系，债市赚不到钱，钱自然就纷纷涌向了股市。数据提供商EPFR表示，2021年上半年流入全球股票基金的资金达到5800亿美元，创下了历史最高。\n美国银行更是给出了进一步分析，如果今年剩余时间里资金流入速度保持不变，2021年全球股票基金的资金流入数将超过过去20年的总和。持续流入的资金推动，全球主要股指在过去一周接连攀升至创纪录高位。\n虽然很多朋友当前非常恐高，但我们要习惯这种全球股市不断刷新纪录的情况。贝莱德、道富、瑞银资管、摩根大通资管等公司预计，今年下半年股市将继续上涨，现在甚至有机构给出标普涨到5000的目标价了。\n说白了，虽然可能7月下旬之后，美股会迎来比较大的波动，毕竟在极短的时间涨了这么多，肯定会有很多人借财报获利跑路的，但只要美联储政策不收紧，美股整体继续往上的趋势怕是不会改变。\n至于下半年该如何布局？在6月23日至30日期间，CNBC对华尔街约100名管理资金的首席投资官、股票策略师、投资组合经理进行了调查，近70%的受访者预计，下个季度价值型股票的表现将好于成长型股票，在行业板块层面，大多数投资者(67%)认为，金融类股将在下半年成为最大赢家，这主要因为美联储逐渐减少买债的讨论、通胀、企业利润率压力及加税。\n我们仍然看涨美股，但投资必须要有周期性布局思维，科技股已经涨成这样，并且很有可能会进入一个缓慢增长阶段，而价值股有可能再次重新王者归来。20号之后，美股不一定会暴跌，只是说科技股有风险，或许我们进行一次大规模的调仓，就彻底缓解了可能面临的风险呢？\n当然，现在预测这些都为时尚早，毕竟市场一直是在变化的，美股这次财报季不排除会有这样的剧情。FAAMG财报发完之后，AMZN、NFLX、ASML、GOOG、SHOP、LRCX、ADBE纷纷宣布拆股，或者这其中任何一家巨头宣布拆股，那都会带着科技股继续无脑暴涨。尤其AMZN概率不小，新CEO上任的第一份财报，然后送给投资者一份大礼，那美股这真不知道要涨到哪里去了。\n所以我们还是要把握当下，不要想太多，也不要去担心美股泡沫已经巨大，未来一周重点做多银行股，先把这里的机会抓到再说。至于科技股可能的回调，那也要看成是新的上车机会。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SQQQ":0.9,"SDOW":0.9,"SDS":0.9,".SPX":0.9,"TQQQ":0.9,"PSQ":0.9,"QID":0.9,"UDOW":0.9,"OEX":0.9,"DXD":0.9,"QNETCN":0.9,"ESmain":0.9,"UPRO":0.9,"DJX":0.9,".IXIC":0.9,"SH":0.9,"TTTN":0.9,"DDM":0.9,"MNQmain":0.9,".DJI":0.9,"03086":0.9,"OEF":0.9,"IVV":0.9,"NQmain":0.9,"QQQ":0.9,"SPXU":0.9,"DOG":0.9,"QLD":0.9,"SSO":0.9}},"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127225006,"gmtCreate":1624852081105,"gmtModify":1703846226064,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127225006","repostId":"1199186422","repostType":4,"repost":{"id":"1199186422","kind":"news","weMediaInfo":{"introduction":"港股挖掘机将每天为您推送最具价值的港股、美股、A股投资资讯！第一时间把握全球政策动向，先人一步了解主流资金流向，监测主力行踪，解读公司公告，追踪活跃个股，让您畅享投资财富盛宴!","home_visible":1,"media_name":"智通财经APP","id":"12","head_image":"https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab"},"pubTimestamp":1624849796,"share":"https://ttm.financial/m/news/1199186422?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:09","market":"sh","language":"zh","title":"What to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199186422","media":"智通财经APP","summary":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高","content":"<p>There are still 3 trading days left, and the first half of A-shares in 2021 is about to end. As of the close of trading on June 25, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, loss turnaround, and continued profit), accounting for 62.19%. This ratio is higher than before.</p><p>Regarding the market in the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: More than 60% of listed companies are happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that had previously predicted the interim report data in the first quarterly report and other announcements, as of the close of June 25, a total of 529 listed companies in the Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that pre-happy companies in the three industries of steel, mining and transportation account for the largest proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results for 2021, and 529 companies only account for about 13% of A-share listed companies. However, judging from the disclosed companies alone, 60% of listed companies have pre-happy mid-term reports, which should be said to be better than the A-share mid-term report seasons over the years.</p><p>Previously, in 2019 and 2020, the pre-happiness ratio of listed companies was around 40% to 50%.</p><p>Querying the historical data shows that:</p><p>As of July 15, 2019, companies with mid-term pre-happy reports accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with good interim reports is low. As of July 15, 2020, companies with good interim reports accounted for 52.66% of the total number that has been announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, instead of waiting for the interim report performance forecast to come out, otherwise there will be certain chasing risks.</p><p>Pre-happy companies in the three industries of steel, mining and transportation account for the highest proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery, because the base affected by the epidemic last year was relatively low. With the economic recovery, the demand for steel has gradually increased, so the performance of the steel industry is relatively good.</p><p>\"Against the background of gradual economic recovery, the performance of the coal sector in the mining industry is expected to achieve a marginal substantial improvement.\" Chen Li, chief economist and director of the research institute of Sichuan Finance Securities, said, \"The core reason for the performance growth of the coal industry this year lies in the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is highly certain. \"</p><p>Regarding the transportation industry, Liu Youhua, research director of private equity ranking network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and large differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and The establishment of logistics system has improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic has gradually been brought under control, the economy has begun to recover, residents' activities have begun to become normal, and transportation demand has increased significantly. \"</p><p><b>2、</b><b><b>Policy: It may be conducive to the strength of A-shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to fall, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up before down\".</p><p>Chen Xing, chief macro officer of Zhongtai, believes that interest rates may show a trend of \"first up and then down\" in the second half of the year. The risk of short-term interest rates going up is greater, and the downward trend will be smoother after adjustment. For the allocation of large-scale assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First of all, the pressure of economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are U.S. consumption and China's exports. The contribution of U.S. personal consumption expenditures to economic growth after the epidemic far exceeds that of private investment, net exports and government expenditures. Correspondingly, my country's high export boom. Of the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much softer than that in the first half of the year. The peak and decline of the global epidemic and the domestic measures to \"ensure supply and stabilize prices\" have brought the logic of commodity pricing back to demand-led. The weak economic recovery trend means that the prices of most industrial products do not have the basis for continuous rise. In addition, the pressure on PPI growth rate caused by the base effect also tends to ease in the second half of the year, and the transmission efficiency of this round of PPI growth rate to CPI growth rate is also It is not high, and inflationary pressures have eased in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a strategist at Zhongtai, believes that the fiscal policy may be relatively strong in the second half of the year: when the government's fiscal bond issuance in the first half of the year was significantly lower than expected, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year, and it is difficult to further ease liquidity. It is expected that interest rates may be difficult to fall further in at least the third quarter.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, the top 1% of households contribute 17% of the tax revenue, and the federal income tax paid accounts for 25%; However, China's individual tax accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should assume more social responsibilities. It is expected that the pilot of real estate tax and the post-reforms of consumption tax collection may also be accelerated in the second half of the year, which may have a negative impact on mid-to-high-end liquor. The segmentation of luxury goods causes certain fluctuations.</p><p><b>3、</b><b><b>Keep an eye on opportunities in the big tech sector</b></b></p><p>At present, it is the consensus of most securities firms and funds to add technology.</p><p>Let's first look at the views of brokers:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economic stability period, the policy warm wind period, and the liquidity-friendly period are superimposed. The recovery period of overseas European and American economies, the period of loose liquidity, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still adding risky assets. Go long in the market without hesitation. The market is slowly unfolding and getting better from the layout of the \"centennial\" market to the \"summer market\" that is in full swing, scorching and shining brightly. At this stage, the growth direction of science and technology will become the main source of the beautiful landscape and excess returns of the \"summer market\".</p><p>Chen Long, chief strategy officer of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit adjustment, and high prosperity in the industry; The consumption sector pays more attention to new consumption. At the same time, be wary of the risk of decline in the interim performance of some machinery industries, light industries, and some food and beverage industries.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is recommended to continue to pay attention to three main lines: Main line 1: high prosperity, focusing on semiconductors, new energy vehicle industry chain, and coal, especially as the interim report market is about to open, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, focusing on the shipping and aviation sectors with rising prosperity. Main line 3: Low valuation main line, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>The Guosheng Securities research report pointed out that there are three clues to \"nuggets\" the Science and Technology Innovation Board: 1. Open up a new direction for A-shares and benchmark against the scarce subdivided track \"unicorns\". 2. The performance growth rate has always led the \"high growth\" of science and technology innovation; 3. Since its listing, the pullback/retracement has been deep, has fallen below the issue price, and has a valuation and cost performance from the perspective of PEG; Petroleum, petrochemical and chemical, nonferrous metals, photovoltaic and other sectors benefit from overseas demand. Subdivided tracks such as new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty, and sub-high-end liquor with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report pointed out that with the resurgence of the wave of science and technology, there are seven major fields of science and technology worthy of attention. First, the semiconductor boom comes first; Second, 5G is the network, connecting everything; The third is the explosion of IoT, and the scope of data tentacles is getting larger and larger; Fourth, AI is overweight, bringing machines and humans one step closer; The fifth is the energy revolution, a major theme for mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality enter virtual reality.</p><p>Look at Public Offering of Fund's point of view:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, the broad manufacturing industry: especially the middle and upper reaches of the manufacturing industry, which has the ability to sustain high growth, and the dual flexibility of fundamentals and valuation is relatively large; Second, pro-cyclical and banking/real estate/insurance in the middle and upper reaches: fundamentals and profit risks have been fully released, valuations are cheaper, there is the possibility of double-clicking performance and valuation, and overall risk compensation is high; The third is the growth-oriented industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, it is recommended to allocate a balanced allocation. First, it is recommended to gradually reduce the cyclical allocation ratio, and allocate low-valuation industries such as banks, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-sectors that benefit from the industry structure and the prosperity is still good, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund recommends that investors continue to focus on technology stocks and military industry chain represented by semiconductor industry chain from a medium-term perspective, and continue to focus on automobile electrification, automobile software and hardware intelligent industry chain and new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the price volatility of upstream raw material products will gradually decrease, the center of its price fluctuation may gradually increase, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at historically low levels, and investors are advised to focus on bargain hunting.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, benefiting from economic transformation, encouraging policy environment, and new energy vehicles with huge long-term space,<a href=\"https://laohu8.com/S/000591\">Solar energy</a>, military industry, superior manufacturing and other industries. In the next few years, these industries will give birth to a number of leading companies with global competitiveness. The second is industries such as medical care, emerging consumer goods, and the Internet, which are closely related to residents' quality of life and income level. The demand of these industries has been growing rapidly for a long time, and the model has been innovating rapidly, and outstanding companies with high moats have been constantly born.</p><p>Chengze Assets believes that we should insist on building and optimizing portfolios based on fundamentals, strive to obtain ideal net value growth on the premise of controlling pullback/retracement, and strictly implement stop loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, new consumer goods, etc. are the focus of current layout and research.</p><p>Banyan Investment believes that it focuses on high-quality companies in the fields of new energy, new consumption, and new technology. Among them, the focus is on the new energy industry. The new energy track is one of the best tracks in the investment cycle of the next 5-10 years. The industry certainty is strong enough and the industry growth space is large enough.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to speculate in A-shares in the second half of the year? This sector is unanimously favored by institutions!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/12\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/361f7f1ca0d64e919035653d64c723ab);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">智通财经APP </p>\n<p class=\"h-time smaller\">2021-06-28 11:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>There are still 3 trading days left, and the first half of A-shares in 2021 is about to end. As of the close of trading on June 25, a total of 529 listed companies in Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, loss turnaround, and continued profit), accounting for 62.19%. This ratio is higher than before.</p><p>Regarding the market in the second half of the year, most institutions expressed optimism and suggested that investors pay attention to the big technology sector.</p><p><b>1、</b><b><b>Fundamentals: More than 60% of listed companies are happy</b></b></p><p>according to<a href=\"https://laohu8.com/S/300033\">Straight flush</a>Statistics found that since June, 39 A-share listed companies have disclosed their semi-annual performance forecasts for 2021. In addition to the companies that had previously predicted the interim report data in the first quarterly report and other announcements, as of the close of June 25, a total of 529 listed companies in the Shanghai and Shenzhen stock markets had released performance forecasts for the first half of the year. Among them, the number of pre-happy companies reached 329 (including pre-increase, slight increase, turnaround and continued profit), accounting for 62.19%. It is worth noting that pre-happy companies in the three industries of steel, mining and transportation account for the largest proportion of constituent stocks in the industry.</p><p>At present, there are not many companies that have disclosed their semi-annual results for 2021, and 529 companies only account for about 13% of A-share listed companies. However, judging from the disclosed companies alone, 60% of listed companies have pre-happy mid-term reports, which should be said to be better than the A-share mid-term report seasons over the years.</p><p>Previously, in 2019 and 2020, the pre-happiness ratio of listed companies was around 40% to 50%.</p><p>Querying the historical data shows that:</p><p>As of July 15, 2019, companies with mid-term pre-happy reports accounted for 52.66% of the total number announced;</p><p>In 2020, due to the impact of the epidemic, the proportion of companies with good interim reports is low. As of July 15, 2020, companies with good interim reports accounted for 52.66% of the total number that has been announced.</p><p>Liu Youhua, research director of private placement network, believes that grasping the interim report market requires certain investment skills, such as intervening in advance, instead of waiting for the interim report performance forecast to come out, otherwise there will be certain chasing risks.</p><p>Pre-happy companies in the three industries of steel, mining and transportation account for the highest proportion of constituent stocks in the industry.</p><p>Yang Delong, chief economist of Qianhai Open Source Fund, believes that the performance of the steel industry in the first half of the year is expected to be relatively good, mainly benefiting from the economic recovery, because the base affected by the epidemic last year was relatively low. With the economic recovery, the demand for steel has gradually increased, so the performance of the steel industry is relatively good.</p><p>\"Against the background of gradual economic recovery, the performance of the coal sector in the mining industry is expected to achieve a marginal substantial improvement.\" Chen Li, chief economist and director of the research institute of Sichuan Finance Securities, said, \"The core reason for the performance growth of the coal industry this year lies in the continuous rise of coal prices. Since the beginning of this year, global commodities have ushered in a new round of inflation cycle, and coal is one of the most typical representative products. The second half of the year will usher in the peak heating season, and changes in environmental protection policies will also have a direct impact at any time. Overall, the performance of the coal sector in 2021 is highly certain. \"</p><p>Regarding the transportation industry, Liu Youhua, research director of private equity ranking network, believes that \"the transportation industry is an unpopular industry in the market, with low capital hotspots and large differentiation of individual stocks. Fundamentally speaking, the improvement of domestic transportation infrastructure and The establishment of logistics system has improved efficiency. In terms of overseas shipping, profits have increased due to rising prices. In addition, the global epidemic has gradually been brought under control, the economy has begun to recover, residents' activities have begun to become normal, and transportation demand has increased significantly. \"</p><p><b>2、</b><b><b>Policy: It may be conducive to the strength of A-shares</b></b></p><p>Zhongtai Macro believes that in the long run, interest rates are expected to fall, monetary policy will remain stable in the second half of the year, and the pace of fiscal expenditure will accelerate. Then, the stock market seems to be more optimistic.</p><p>Interest rate policy or \"up before down\".</p><p>Chen Xing, chief macro officer of Zhongtai, believes that interest rates may show a trend of \"first up and then down\" in the second half of the year. The risk of short-term interest rates going up is greater, and the downward trend will be smoother after adjustment. For the allocation of large-scale assets, the advantages of the bond market may be more prominent, and there are structural opportunities in the equity market, while the commodity market is dragged down by the downward price, and its performance is not as good as in the first half of the year.</p><p>Whether from the perspective of economic growth or inflation, the domestic environment in the second half of the year is conducive to the downward trend of interest rates. First of all, the pressure of economic growth will gradually emerge. Since the epidemic, the two most prominent aspects of the global economic cycle are U.S. consumption and China's exports. The contribution of U.S. personal consumption expenditures to economic growth after the epidemic far exceeds that of private investment, net exports and government expenditures. Correspondingly, my country's high export boom. Of the 12 percentage points of China's export growth rate in the second half of last year, more than 4 percentage points were driven by exports to the United States.</p><p>Secondly, from the perspective of inflation, the domestic situation in the second half of the year is much softer than that in the first half of the year. The peak and decline of the global epidemic and the domestic measures to \"ensure supply and stabilize prices\" have brought the logic of commodity pricing back to demand-led. The weak economic recovery trend means that the prices of most industrial products do not have the basis for continuous rise. In addition, the pressure on PPI growth rate caused by the base effect also tends to ease in the second half of the year, and the transmission efficiency of this round of PPI growth rate to CPI growth rate is also It is not high, and inflationary pressures have eased in the second half of the year.</p><p>In the second half of the year, the finance may be relatively strong.</p><p>Xu Chi, a strategist at Zhongtai, believes that the fiscal policy may be relatively strong in the second half of the year: when the government's fiscal bond issuance in the first half of the year was significantly lower than expected, the concentrated \"bidding, auction and listing\" of land supported the \"six guarantees\" of local governments in the first half of the year. It is expected that the pace of fiscal bond issuance may accelerate in the second half of the year, and it is difficult to further ease liquidity. It is expected that interest rates may be difficult to fall further in at least the third quarter.</p><p>Compared with developed countries such as the United States, the tax contribution of the top 1% of the rich in China is obviously lower: the individual tax in the United States accounts for 55% of the total government tax revenue, the top 1% of households contribute 17% of the tax revenue, and the federal income tax paid accounts for 25%; However, China's individual tax accounts for only 7.2% of tax revenue, and the lack of \"asset tax\" related to the rich is the most important reason for this difference. Under the increasing pressure of fiscal revenue and expenditure, the rich should assume more social responsibilities. It is expected that the pilot of real estate tax and the post-reforms of consumption tax collection may also be accelerated in the second half of the year, which may have a negative impact on mid-to-high-end liquor. The segmentation of luxury goods causes certain fluctuations.</p><p><b>3、</b><b><b>Keep an eye on opportunities in the big tech sector</b></b></p><p>At present, it is the consensus of most securities firms and funds to add technology.</p><p>Let's first look at the views of brokers:</p><p><a href=\"https://laohu8.com/S/601377\">Industrial Securities</a>The research report pointed out that the domestic economic stability period, the policy warm wind period, and the liquidity-friendly period are superimposed. The recovery period of overseas European and American economies, the period of loose liquidity, and the period of slowing down the spread of the epidemic coincide. Liquidity is mainly loose, \"easy to loosen but difficult to tighten\", and the global liquidity clock is still adding risky assets. Go long in the market without hesitation. The market is slowly unfolding and getting better from the layout of the \"centennial\" market to the \"summer market\" that is in full swing, scorching and shining brightly. At this stage, the growth direction of science and technology will become the main source of the beautiful landscape and excess returns of the \"summer market\".</p><p>Chen Long, chief strategy officer of Zhongtai, believes that in terms of industry allocation, (1) focus on new energy and new energy vehicles, technology manufacturing (semiconductors, Hongmeng, consumer electronics), military industry, etc. with stable performance, accelerated profit adjustment, and high prosperity in the industry; The consumption sector pays more attention to new consumption. At the same time, be wary of the risk of decline in the interim performance of some machinery industries, light industries, and some food and beverage industries.</p><p><a href=\"https://laohu8.com/S/600909\">Huaan Securities</a>It is recommended to continue to pay attention to three main lines: Main line 1: high prosperity, focusing on semiconductors, new energy vehicle industry chain, and coal, especially as the interim report market is about to open, focusing on the performance of high prosperity sectors. Main line 2: Repair the main line after the epidemic, focusing on the shipping and aviation sectors with rising prosperity. Main line 3: Low valuation main line, focusing on banks.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>It is recommended to pay attention to small-cap growth with good immediate performance (sub-high-end liquor/computer/semiconductor), low PEG + price increase transmission + profit forecast increase (fertilizer/glass). The theme investment focuses on the improvement of prosperity and the marginal increase of policies under \"carbon neutrality\" (new energy vehicles/photovoltaics).</p><p>The Guosheng Securities research report pointed out that there are three clues to \"nuggets\" the Science and Technology Innovation Board: 1. Open up a new direction for A-shares and benchmark against the scarce subdivided track \"unicorns\". 2. The performance growth rate has always led the \"high growth\" of science and technology innovation; 3. Since its listing, the pullback/retracement has been deep, has fallen below the issue price, and has a valuation and cost performance from the perspective of PEG; Petroleum, petrochemical and chemical, nonferrous metals, photovoltaic and other sectors benefit from overseas demand. Subdivided tracks such as new energy vehicles, semiconductors & consumer electronics, AI, CXO services & medical beauty, and sub-high-end liquor with strong certainty of prosperity and expected high growth.</p><p><a href=\"https://laohu8.com/S/600369\">Southwest Securities</a>The research report pointed out that with the resurgence of the wave of science and technology, there are seven major fields of science and technology worthy of attention. First, the semiconductor boom comes first; Second, 5G is the network, connecting everything; The third is the explosion of IoT, and the scope of data tentacles is getting larger and larger; Fourth, AI is overweight, bringing machines and humans one step closer; The fifth is the energy revolution, a major theme for mankind in the next 30 years; Sixth, unmanned driving, the next explosive scene of human-computer interaction; Seventh, virtual reality, let reality enter virtual reality.</p><p>Look at Public Offering of Fund's point of view:</p><p>For the second half of the year, Zhonggeng Fund gave three directions: First, the broad manufacturing industry: especially the middle and upper reaches of the manufacturing industry, which has the ability to sustain high growth, and the dual flexibility of fundamentals and valuation is relatively large; Second, pro-cyclical and banking/real estate/insurance in the middle and upper reaches: fundamentals and profit risks have been fully released, valuations are cheaper, there is the possibility of double-clicking performance and valuation, and overall risk compensation is high; The third is the growth-oriented industries: such as electronics, new materials, machinery and high-end manufacturing.</p><p>Yinhua Fund suggests that in terms of industry allocation, it is recommended to allocate a balanced allocation. First, it is recommended to gradually reduce the cyclical allocation ratio, and allocate low-valuation industries such as banks, as well as midstream manufacturing industries such as automation and auto parts that benefit from the global economic recovery and export industry chain; Second, in the medium term, we are optimistic about the growth sub-sectors that benefit from the industry structure and the prosperity is still good, such as new energy vehicles, panels and military industries.</p><p>Zheshang Fund recommends that investors continue to focus on technology stocks and military industry chain represented by semiconductor industry chain from a medium-term perspective, and continue to focus on automobile electrification, automobile software and hardware intelligent industry chain and new energy industry chain on dips. The long-term logic of carbon emission reduction, carbon neutrality and China's economic transformation will have a profound impact on China's industrial structure and industrial organizational structure. In the future, the price volatility of upstream raw material products will gradually decrease, the center of its price fluctuation may gradually increase, and the profitability of the industry will become more and more stable. The current valuation of cyclical industries is still at historically low levels, and investors are advised to focus on bargain hunting.</p><p>Finally, let's look at the private equity perspective:</p><p>Huaxia Future Capital will focus on two directions: First, benefiting from economic transformation, encouraging policy environment, and new energy vehicles with huge long-term space,<a href=\"https://laohu8.com/S/000591\">Solar energy</a>, military industry, superior manufacturing and other industries. In the next few years, these industries will give birth to a number of leading companies with global competitiveness. The second is industries such as medical care, emerging consumer goods, and the Internet, which are closely related to residents' quality of life and income level. The demand of these industries has been growing rapidly for a long time, and the model has been innovating rapidly, and outstanding companies with high moats have been constantly born.</p><p>Chengze Assets believes that we should insist on building and optimizing portfolios based on fundamentals, strive to obtain ideal net value growth on the premise of controlling pullback/retracement, and strictly implement stop loss discipline. New energy vehicle industry chain, advanced manufacturing, medical services and bio-innovative drugs, electronics and semiconductors, new consumer goods, etc. are the focus of current layout and research.</p><p>Banyan Investment believes that it focuses on high-quality companies in the fields of new energy, new consumption, and new technology. Among them, the focus is on the new energy industry. The new energy track is one of the best tracks in the investment cycle of the next 5-10 years. The industry certainty is strong enough and the industry growth space is large enough.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199186422","content_text":"还有3个交易日，A股2021年上半年即将收官。截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。这一比例高于以往。\n对于下半年行情，多数机构表示乐观，并建议投资者关注大科技板块。\n1、基本面：超六成上市公司预喜\n根据同花顺数据统计发现，6月份以来，A股上市公司中已有39家披露了2021年半年度业绩预告。加上此前在一季报等公告中对中报数据作出预测的公司，截至6月25日收盘，沪深两市共有529家上市公司发布上半年业绩预告，其中，预喜公司数量达329家（含预增、略增、扭亏、续盈），占比62.19%。值得关注的是，钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n目前已经披露2021年半年度业绩的公司不算多，529家只占A股上市公司的13％左右。不过，仅从已披露公司看，六成上市公司中报预喜，跟A股历年中报季相比，应该说比较好。\n此前的2019年、2020年，上市公司预喜比例都在四五成左右。\n查询历史数据可知：\n截至2019年7月15日的数据，中报预喜公司占已经公布总数的52.66%；\n2020年则是受疫情影响，中报预喜公司比例偏低，截至2020年7月15日的数据，中报预喜公司占已经公布总数的52.66%。\n私募排排网研究主管刘有华认为，中报行情的把握，需要一定的投资技巧，比如一定要提前介入，而不是等中报业绩预告出来之后才介入，否则会有一定的追高风险。\n钢铁、采掘和交通运输等三行业预喜公司占行业内成份股比例居前。\n前海开源基金首席经济学家杨德龙认为，钢铁行业上半年业绩预计比较好，主要受益于经济的复苏，因为去年受疫情影响基数相对较低，随着经济的复苏，钢铁的需求量也逐渐上升，所以钢铁行业的业绩比较好。\n“在经济逐步复苏的背景下，采掘行业的细分领域煤炭板块业绩有望实现边际大幅改善。”川财证券首席经济学家、研究所所长陈雳表示，“煤炭行业今年以来业绩增长的最核心原因，还是在于煤炭价格的不断抬升。今年以来，全球大宗商品迎来新一轮通胀周期，而煤炭是最典型的代表产品之一，叠加环保、进出口等因素影响，煤价上涨明显，尤其是冶金焦的价格。下半年将迎来取暖旺季，环保政策的变动也将随时产生直接影响，整体来看，煤炭板块的2021年业绩确定性较强。”\n对于交通运输行业，私募排排网研究主管刘有华则认为，“交通运输行业属于市场的冷门行业，资金热点并不高，而且个股分化较大。从基本面来讲，国内交通基础设施的改善，以及物流体系的建立，效率都有所提高。海外航运方面，由于价格上涨，利润随之增长。另外，全球疫情逐渐得到控制，经济开始恢复，居民活动开始趋向正常，交通运输需求有明显提升。”\n2、政策面：或有利于A股走强\n中泰宏观认为，从长期看，利率有望下行，下半年货币政策将维持稳定，财政支出节奏加快，那么，股市似乎也应该更乐观些。\n利率政策或“先上后下”。\n中泰宏观首席陈兴认为，下半年利率或将呈现“先上后下”的走势，短期利率上行的风险更大，而待调整后下行趋势更为顺畅。对于大类资产配置而言，债市优势或较为突出，权益市场存在结构性机会，而商品市场受价格下行拖累，表现不如上半年。\n不论是从经济增长还是通胀的角度来看，下半年国内环境都有利于利率水平的下行。首先，经济增长的压力将逐渐显现。疫情以来，全球经济循环最为突出的两个方面就是美国的消费和中国的出口，美国个人消费支出疫情过后的经济增长中贡献远远超过私人投资，净出口和政府支出，与之对应的就是我国出口的高景气。而我国去年下半年出口增速12个百分点之中，超过4个百分点都是对美出口所拉动。\n其次，从通胀来看，国内下半年的态势要比上半年缓和很多。全球疫情见顶回落以及国内“保供稳价”的举措使得大宗商品定价逻辑重回需求主导。而偏弱的经济恢复态势意味着大多数工业品价格不具备持续上涨的基础，加上基数效应给PPI增速造成的压力下半年也趋于缓解，本轮PPI增速向CPI增速传导效率也并不高，下半年通胀压力有所减轻。\n下半年财政或将相对发力。\n中泰策略分析师徐驰认为，下半年财政或将相对发力：上半年政府财政发债明显低于预期下，土地集中“招拍挂”支撑了上半年地方政府的“六保”，预计下半年财政发债节奏或将提速，在流动性难以进一步宽松下，预计至少在三季度，利率或较难进一步下行。\n与美国等发达国家相比，我国前1%的富人的税收贡献明显偏低：美国个税占政府税收总收入55%，前1%的家庭贡献税收收入占比17%，交纳联邦所得税占比却达25%；而我国个税占税收收入比重仅为7.2%，与富人相关的“资产税”的缺乏是造成这一差异的最重要原因。在财政收支压力越来越大下，富人理应承担更多社会责任，预计房地产税的试点以及消费税征收环节后置等改革，在下半年亦或提速，这或将对中高端白酒等奢侈品细分造成一定的波动。\n3、关注大科技板块的机会\n目前看，加配科技是大部分券商、基金的共识。\n我们先看券商观点：\n兴业证券研报指出，国内经济平稳期、政策暖风期、流动性友好期，三期叠加。海外欧美经济恢复期、流动性宽松期、疫情扩散放缓期，三期重合。流动性以宽松为主，“易松难紧”，全球流动性时钟仍在加配风险资产。市场做多，毫不犹豫。市场正从“百周年”行情的布局、徐徐展开、渐入佳境，进入到热火朝天、骄阳似火、艳阳高照的“夏日行情”。在这一个阶段中，科技成长方向将成为“夏日行情”靓丽风景线和超额收益的主要来源。\n中泰策略首席陈龙认为，在行业配置方面，（1）重点关注业绩稳健，盈利加速上调，行业维持高景气的新能源及新能源汽车、科技制造（半导体、鸿蒙、消费电子）、军工等；消费领域更加关注新消费。同时警惕部分机械行业、轻工、部分食品饮料中报业绩的下滑风险。\n华安证券建议持续关注三条主线：主线1：高景气，关注半导体、新能源车产业链、煤炭，尤其是随着中报行情即将开启，重点关注高景气板块的业绩表现。主线2：疫后修复主线，关注景气度上行的航运和航空板块。主线3：低估值主线，重点关注银行。\n广发证券建议关注即期业绩好的小盘成长（次高端白酒/计算机/半导体），低PEG+涨价传导+盈利预测上调（化肥/玻璃）。主题投资关注“碳中和”下景气度改善及政策边际增量（新能源车/光伏）。\n国盛证券研报指出，三条线索“掘金”科创板：1、开拓A股新方向，对标稀缺的细分赛道“独角兽”的。2、业绩增速一直领跑科创的“高成长”；3、上市以来回撤较深，已跌破发行价、从PEG等角度具备估值性价比的；受益海外需求拉动的石油石化及化工、有色、光伏等板块。景气的确定性较强、有望高增长的新能源汽车、半导体&消费电子、AI、CXO服务&医美以及次高端白酒等细分赛道。\n西南证券研报指出，随着科技浪潮的再次来袭，有七大科技领域值得关注。一是半导体景气先行；二是5G为网，连接万物；三是IoT爆发，数据触手范围越来越大；四是AI加码，机器和人再近一步；五是能源革命，未来30年人类的重大主题；六是无人驾驶，下一个人机交互的爆点场景；七是虚拟现实，让现实走进虚拟。\n再看公募基金观点：\n对于下半年，中庚基金给出了三个方向：一是广义制造业：尤其是偏中上游的制造业，具有持续较高成长能力，基本面与估值双重弹性较大；二是中上游顺周期和银行/地产/保险：基本面及盈利风险已较充分释放，估值较便宜，存在业绩和估值双击的可能，整体风险补偿较高；三是偏成长的行业：如电子、新材料、机械及高端制造等。\n银华基金建议，在行业配置上，建议均衡配置，一是建议逐步降低周期配置比例，配置银行等低估值行业以及自动化、汽车零部件等受益于全球经济复苏、出口产业链的偏中游制造类行业；二是中期看好受益于行业格局以及景气度仍较好的成长类子行业，如新能车、面板及军工等行业。\n浙商基金建议投资者从中期的角度继续逢低重点关注以半导体产业链为代表的科技股和军工产业链，继续逢低重点关注汽车电动化及汽车软硬件智能化产业链和新能源产业链。碳减排、碳中和与中国经济转型的长期逻辑将会对中国的产业结构和产业的组织结构产生深远的影响。未来上游原材料产品价格的波动性将会逐步减少，其价格波动的中枢有可能逐步抬高，行业的盈利能力也越来越稳定。周期性行业当前的估值依然在历史的低位，建议投资者逢低重点关注。\n最后我们来看私募观点：\n华夏未来资本将重点聚焦于两个方向：一是受益于经济转型，政策环境鼓励，具备巨大长期空间的新能源车、太阳能、军工、优势制造等行业，未来几年这些行业将诞生出一批具备全球竞争力的头部企业。二是与居民生活质量和收入水平密切相关的医疗保健、新兴消费品、互联网等行业，这些行业需求长期较快增长，模式快速创新，不断诞生出具备很高护城河的优秀公司。\n承泽资产认为，坚持实施基于基本面构建和优化组合，在控制好回撤的前提下努力获取理想的净值增长，严格执行止损纪律。新能源车产业链、先进制造业、医疗服务和生物创新药、电子和半导体、新消费品类等是目前布局和研究的重点。\n榕树投资认为，把关注点放在新能源、新消费、新技术领域的优质公司。其中重点看好新能源行业，新能源赛道是未来5-10年投资周期中最好的赛道之一，行业确定性足够强，行业增长空间足够大。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169092435,"gmtCreate":1623808375327,"gmtModify":1703820082617,"author":{"id":"3583994288696392","authorId":"3583994288696392","name":"Elvan","avatar":"https://static.tigerbbs.com/ff0e8b90b25bd323f5bb15ac247bd641","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583994288696392","authorIdStr":"3583994288696392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169092435","repostId":"1155187410","repostType":4,"repost":{"id":"1155187410","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623806380,"share":"https://ttm.financial/m/news/1155187410?lang=en_US&edition=fundamental","pubTime":"2021-06-16 09:19","market":"us","language":"zh","title":"Opening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1155187410","media":"老虎资讯综合","summary":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(","content":"<p>On June 16, the three Hong Kong stock indexes in open low, the Hang Seng Index fell 0.1% to 28,609 points, the State Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Mainland real estate stocks, which fell across the board yesterday, rebounded, and the negative landing landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and Minsheng Education all rose; Large technology stocks generally fell, NetEase fell more than 1%, Meituan, Tencent, Xiaomi, and Baidu all fell; Gas stocks continued yesterday's decline, steel, copper and other non-ferrous metal stocks fell significantly, and automobile stocks and banking stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK $400 on the first day of listing today, with a pre-market turnover of nearly HK $1.8 billion and a market value of HK $66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. The prospectus shows that from 2018 to 2020, the company's revenue was 488 million, 645 million, and 816 million yuan respectively, and its profits during the period were 58.186 million, 67.665 million, and 150 million yuan respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It was oversubscribed 2079 times. Analysts pointed out that the main reason why the market is so optimistic about Times Angel is that the main competitors of Times Angel in this field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years, the stock price has skyrocketed, and it is a veritable big bull stock in the US stock market. As of the close on June 15, the total market value of Alai Technology was US $47.5 billion (approximately HK $368.7 billion).</p><p>International oil prices continue to rise, driving the \"three barrels of oil\" in Hong Kong stocks to buck the trend and open higher.<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical industry rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to an intraday high of $74.39 today, a new high since April 2019; U.S. oil rose to an intraday high of $72.55 today, a new high since October 2018.</p><p>More than 4% of China Gas resumed trading in open low, and its non-wholly-owned subsidiary is one of the gas suppliers in Shiyan gas explosion accident area.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Hang Seng Index fell 0.1%, Angel of the Times rose 131% for the first time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 09:19</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 16, the three Hong Kong stock indexes in open low, the Hang Seng Index fell 0.1% to 28,609 points, the State Index fell 0.34% to 10,632 points, and the Hang Seng Technology Index fell 0.48% to 7,922 points.<img src=\"https://static.tigerbbs.com/f3ad34e80c7687865aee8349f3b99566\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On the disk, oil stocks were strong, and all three barrels of oil opened higher; Mainland real estate stocks, which fell across the board yesterday, rebounded, and the negative landing landed (the off-campus education and training supervision department was established). Most education stocks rose, and Oriental Education and Minsheng Education all rose; Large technology stocks generally fell, NetEase fell more than 1%, Meituan, Tencent, Xiaomi, and Baidu all fell; Gas stocks continued yesterday's decline, steel, copper and other non-ferrous metal stocks fell significantly, and automobile stocks and banking stocks fell.</p><p>Orthodontic faucet<a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>Times Angel opened 131.21% higher at HK $400 on the first day of listing today, with a pre-market turnover of nearly HK $1.8 billion and a market value of HK $66.3 billion.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It is a leading provider of invisible orthodontic solutions in China, with a market share of 41.3%, ranking first in the market. The prospectus shows that from 2018 to 2020, the company's revenue was 488 million, 645 million, and 816 million yuan respectively, and its profits during the period were 58.186 million, 67.665 million, and 150 million yuan respectively.</p><p><a href=\"https://laohu8.com/S/06699\">Angel of the Times</a>It was oversubscribed 2079 times. Analysts pointed out that the main reason why the market is so optimistic about Times Angel is that the main competitors of Times Angel in this field<a href=\"https://laohu8.com/S/ALGN\">Alai Technology</a>In the past 10 years, the stock price has skyrocketed, and it is a veritable big bull stock in the US stock market. As of the close on June 15, the total market value of Alai Technology was US $47.5 billion (approximately HK $368.7 billion).</p><p>International oil prices continue to rise, driving the \"three barrels of oil\" in Hong Kong stocks to buck the trend and open higher.<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 0.56%,<a href=\"https://laohu8.com/S/601857\">PetroChina</a>Chemical industry rose 0.24%,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 1.35%. Brent oil rose to an intraday high of $74.39 today, a new high since April 2019; U.S. oil rose to an intraday high of $72.55 today, a new high since October 2018.</p><p>More than 4% of China Gas resumed trading in open low, and its non-wholly-owned subsidiary is one of the gas suppliers in Shiyan gas explosion accident area.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{"513600":"恒生指数ETF","02833":"恒指ETF","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155187410","content_text":"6月16日讯，港股三指数低开，恒指跌0.1%报28609点，国指跌0.34%报10632点，恒生科技指数跌0.48%报7922点。盘面上，石油股强势，三桶油均高开；昨日全线下挫的内房股反弹，利空落地(校外教育培训监管司成立)，教育股多数上涨，东方教育、民生教育等均有涨幅；大型科技股普跌，网易跌超1%，美团、腾讯、小米、百度皆下跌；燃气股延续昨日跌势，钢铁、铜等有色金属股跌幅明显，汽车股、银行股走低。\n口腔正畸龙头时代天使时代天使今日首日上市高开131.21%报400港元，盘前成交近18亿港元，市值663亿港元。\n时代天使是国内领先的隐形矫治解决方案提供商，市占率41.3%，排名市场第一。招股书显示，2018-2020年，公司收益分别为4.88亿、6.45亿、8.16亿元人民币，期内利润分别为5818.6万、6766.5万、1.5亿元人民币。\n时代天使获超额认购2079倍。分析人士指出，市场之所以如此看好时代天使，主要原因是时代天使在该领域的主要竞争对手阿莱科技在过去的10多年里股价暴涨，是美股中名副其实的大牛股。截至6月15日收盘，阿莱科技总市值475亿美元（约合3687亿港元）。\n国际油价继续上涨，带动港股“三桶油”逆势高开。中国石油股份涨0.56%、中国石油化工涨0.24%、中国海洋石油涨1.35%。布油今日盘中最高涨至74.39美元，创2019年4月以来新高；美油今日盘中最高涨至72.55美元，创2018年10月以来新高。\n中国燃气复牌低开逾4%，非全资附属公司是十堰燃气爆炸事故区域的燃气供货商之一。","news_type":1,"symbols_score_info":{"513600":0.9,"HHImain":0.9,"HSImain":0.9,"02833":0.9,"MHImain":0.9,"MCHmain":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}