{"id":24329,"date":"2023-03-10T07:40:00","date_gmt":"2023-03-09T23:40:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=24329"},"modified":"2023-03-10T10:44:34","modified_gmt":"2023-03-10T02:44:34","slug":"kgi-daily-trading-ideas-10-mar-2023-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/","title":{"rendered":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US)"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\"><a href=\"#sg\">\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350<\/a> |<a href=\"#hk\"> \u9999\u6e2f\u80a1\u7968\u63a8\u8350<\/a> | <a href=\"#us\">\u7f8e\u80a1\u63a8\u8350<\/a> | <a href=\"http:\/\/sp\">\u884c\u4e1a\u677f\u5757\u8868\u73b0<\/a> | <a href=\"#td\"> \u4ea4\u6613\u9f99\u864e\u699c<\/a> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"sg\"><strong><img fetchpriority=\"high\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/lh4.googleusercontent.com\/CYrMUUuiThMlTBL2F831WJCiJNEll7A2g_ReY5PuRf95HqwkBEAYAV_hQiomy0yt76jYMvZ1r9_4mH03FqcsErOGJcSlPATU7VUHv7nyIRHhlXU_TlvFgWfkHH9S6rlZ220HL6Mvc4euPVlb8OqIpyE\"><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_4rqa7b7fp7ir\"><\/a><strong>\u4e30\u76ca\u56fd\u9645 (WIL SP)\uff1a\u8f6f\u5546\u54c1\u4ef7\u683c\u4e0a\u5347<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35<\/strong>\n  <\/li><li>\n    \u4e30\u76ca\u56fd\u9645\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u98df\u54c1\u52a0\u5de5\u516c\u53f8\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u6cb9\u68d5\u79cd\u690d\u3001\u98df\u7528\u6cb9\u7cbe\u70bc\u3001\u7834\u788e\u548c\u589e\u76ca\u52a0\u5de5\u670d\u52a1\uff0c\u5e76\u63d0\u4f9b\u7cd6\u3001\u9762\u7c89\u548c\u5927\u7c73\u3002\u4e30\u76ca\u56fd\u9645\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002\n  <\/li><li><strong>\u98df\u7cd6\u671f\u8d27\u4ef7\u683c\u3002<\/strong>\u539f\u7cd6\u671f\u8d27\u5f98\u5f8a\u572821\u7f8e\u5206\u7684\u533a\u95f4\uff0c\u6700\u8fd1\u8fbe\u5230\u4e86\u6bcf\u78c522.1\u7f8e\u5206\u76846\u5e74\u9ad8\u70b9\uff0c\u539f\u56e0\u662f\u4f9b\u5e94\u7d27\u5f20\u7684\u62c5\u5fe7\uff0c\u4e2d\u56fd\u6700\u8fd1\u91cd\u65b0\u5f00\u653e\u63d0\u632f\u4e86\u5f3a\u52b2\u7684\u9700\u6c42\u9884\u671f\uff0c\u4ee5\u53ca\u5370\u5ea6\u548c\u6b27\u6d32\u7684\u751f\u4ea7\u524d\u666f\u6076\u5316\u3002\u6700\u65b0\u4f30\u8ba1\u663e\u793a\uff0c\u8fd9\u4e2a\u4e16\u754c\u7b2c\u4e8c\u5927\u98df\u7cd6\u51fa\u53e3\u56fd\u53ef\u80fd\u57282023\u5e74\u751f\u4ea73400\u4e07\u5428\u8fd9\u79cd\u5546\u54c1\uff0c\u6bd4\u4e4b\u524d\u7684\u9884\u6d4b\u4e0b\u964d7%\u3002\n  <\/li><li><strong>\u68d5\u6988\u6cb9\u671f\u8d27\u4ef7\u683c\u3002<\/strong>\u77ed\u671f\u5929\u6c14\u4e2d\u65ad\u53ef\u80fd\u4f1a\u5728\u77ed\u671f\u5185\u652f\u6491\u9a6c\u6765\u897f\u4e9a\u7684\u7c97\u68d5\u6988\u6cb9\u4ef7\u683c\uff0c\u56e0\u4e3a\u6301\u7eed\u7684\u6d2a\u6c34\u4f1a\u6253\u51fb\u4f9b\u5e94\u3002\u4e9a\u6d32\u68d5\u6988\u6cb9\u4e70\u5bb6\u6700\u8fd1\u4e5f\u5bfb\u6c42\u751f\u4ea7\u5546\u7a33\u5b9a\u7684\u51fa\u53e3\u653f\u7b56\uff0c\u4ee5\u51cf\u5c11\u4f9b\u5e94\u94fe\u7684\u6ce2\u52a8\u3002\u7531\u4e8e\u52b3\u52a8\u529b\u4f9b\u5e94\u6539\u5584\uff0c\u9884\u8ba123\u8d22\u5e74\u7684\u68d5\u6988\u6cb9\u4ea7\u91cf\u4e5f\u5c06\u9ad8\u4e8e22\u8d22\u5e74\u3002\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u539f\u7cd6\uff08\u7ea2\uff09\u53ca\u7c97\u68d5\u6988\u6cb9\uff08\u68d5\uff09\u671f\u8d27\u8d70\u52bf<\/strong>\n<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  <img decoding=\"async\" width=\"984\" height=\"740\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-136.png\" class=\"wp-image-24361\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-136.png 984w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-136-300x226.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-136-768x578.png 768w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/>\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>FY22\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002\n  <\/li><li>\n    \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a<strong>5.24\u65b0\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-137.png\" alt=\"\" class=\"wp-image-24362\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-137.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-137-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-137-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-137-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_9ctm8ukw9e4m\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-138.png\" class=\"wp-image-24363\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-138.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-138-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_knrohv3wewo1\"><\/a><strong>\u9999\u6e2f\u7f6e\u5730 (HKL SP)\uff1a\u53d7\u60e0\u201d\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35<\/strong>\n  <\/li><li>\n    \u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u5927\u578b\u4e0a\u5e02\u7269\u4e1a\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u96c6\u56e2\u62e5\u6709\u548c\u7ba1\u7406\u5305\u62ec\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u5728\u4e9a\u6d32\u4e3b\u8981\u57ce\u5e02\u9762\u7684\u79ef\u8d85\u8fc785\u4e07\u5e73\u65b9\u7c73\u7684\u9ec4\u91d1\u5199\u5b57\u697c\u548c\u8c6a\u534e\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u62e5\u6709\u591a\u4e2a\u9ad8\u8d28\u91cf\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u7efc\u5408\u7528\u9014\u9879\u76ee\uff0c\u5176\u4e2d\u5305\u62ec\u5360\u5730110\u4e07\u5e73\u65b9\u82f1\u5c3a\u7684\u4e0a\u6d77\u897f\u5cb8\u7efc\u5408\u9879\u76ee\u768443%\u7684\u6743\u76ca\u3002\n  <\/li><li><strong>\u65c5\u6e38\u4e1a\u60c5\u7eea\u6539\u5584\u3002<\/strong>\u4f5c\u4e3a\u9999\u6e2f\u673a\u573a\u7ba1\u7406\u5c40\u4e3b\u529e\u7684\u201c\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8\u7684\u4e00\u90e8\u5206\uff0c\u56fd\u6cf0\u822a\u7a7a\u5c06\u4e3a\u4e1c\u5357\u4e9a\u5730\u533a\u7684\u5c45\u6c11\u63d0\u4f9b8\u4e07\u5f20\u514d\u8d39\u5f80\u8fd4\u9999\u6e2f\u7684\u673a\u7968\uff1b\u8be5\u6d3b\u52a8\u4e3a\u5168\u7403\u6e38\u5ba2\u63d0\u4f9b50\u4e07\u5f20\u514d\u8d39\u673a\u7968\u3002\u8fd9\u9879\u8ba1\u5212\u65e8\u5728\u652f\u6301\u9999\u6e2f\u65c5\u6e38\u53d1\u5c55\u5c40\u7684\u201c\u4f60\u597d\u9999\u6e2f\u201d\u5ba3\u4f20\u6d3b\u52a8\uff0c\u6b22\u8fce\u6e38\u5ba2\u5728\u53d6\u6d88\u65c5\u6e38\u9650\u5236\u540e\u56de\u5230\u9999\u6e2f\u65c5\u6e38\u3002\u8fd9\u65e0\u7591\u4f1a\u8fdb\u4e00\u6b65\u6709\u6548\u5730\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u9700\u6c42\u3002\n  <\/li><li><strong>\u53d6\u6d88\u53e3\u7f69\u4ee4\u3002<\/strong>\u9999\u6e2f\u6700\u8fd1\u5ba3\u5e03\u53d6\u6d88\u4f69\u6234\u53e3\u7f69\u7684\u89c4\u5b9a\u3002\u8fd9\u4e00\u51b3\u5b9a\u65e8\u5728\u5438\u5f15\u6e38\u5ba2\u548c\u4f01\u4e1a\uff0c\u6062\u590d\u6b63\u5e38\u751f\u6d3b\u3002\u4e09\u5e74\u591a\u524d\uff0c\u8fd9\u4e2a\u91d1\u878d\u4e2d\u5fc3\u6700\u521d\u5b9e\u65bd\u4e86\u4e25\u683c\u7684\u76d1\u7ba1\u3002\u8fd9\u663e\u793a\u4e86\u8be5\u56fd\u6b63\u5728\u6446\u8131\u5927\u6d41\u884c\u7684\u4fe1\u5fc3\u548c\u529b\u91cf\u3002\u968f\u7740\u66f4\u591a\u7684\u6d3b\u52a8\u6062\u590d\u5230\u5927\u6d41\u884c\u524d\u7684\u6c34\u5e73\uff0c\u8fd9\u4e5f\u5fc5\u5c06\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u4e1a\u6c34\u5e73\u3002\n  <\/li><li><strong>22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>22\u8d22\u5e74\u57fa\u672c\u5229\u6da6\u540c\u6bd4\u4e0b\u964d20%\uff0c\u4ece21\u8d22\u5e74\u76849.66\u4ebf\u65b0\u5143\u964d\u81f37.76\u4ebf\u65b0\u5143\u3002\u5e74\u5ea6\u51c0\u5229\u6da6\u4e3a2.03\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u5305\u62ec\u56e0\u96c6\u56e2\u6295\u8d44\u7269\u4e1a\u4f30\u503c\u964d\u4f4e\u800c\u9020\u6210\u76845.734\u4ebf\u7f8e\u5143\u975e\u73b0\u91d1\u4e8f\u635f\u3002\n  <\/li><li>\n    \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a14.8%\/5.2%\uff0c\u5bf9\u5e9411.5\u500d\/10.9\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a13.5\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a<strong>5.19\u65b0\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-139.png\" alt=\"\" class=\"wp-image-24364\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-139.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-139-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-139-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-139-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)<a id=\"post-24329-_9v4910aenxpf\"><\/a><a id=\"post-24329-_3dtlvpm4kfd2\"><\/a>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_9wxubztuez7y\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-140.png\" class=\"wp-image-24365\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-140.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-140-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\" id=\"hk\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-141.png\" alt=\"\" class=\"wp-image-24366\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-141.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-141-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_f3bvj0c8rd86\"><\/a><a id=\"post-24329-_vuv7u0v5r6bl\"><\/a><strong>\u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0<\/strong>\n  <\/li><li>\n    \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002\n  <\/li><li><strong>Lyst\u6307\u6570\u3002<\/strong>Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002\n  <\/li><li><strong>\u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002<\/strong>\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002\n  <\/li><li><strong>\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002<\/strong>\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002\n  <\/li><li><strong>22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u3002<\/strong>22\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002\n  <\/li><li>\n    \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a<strong>55.42\u6e2f\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-142.png\" alt=\"\" class=\"wp-image-24367\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-142.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-142-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-142-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-142-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_pxc2fm1xtn57\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-143.png\" class=\"wp-image-24368\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-143.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-143-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_og6wzwvnsa5b\"><\/a><a id=\"post-24329-_ukr25f10un20\"><\/a><strong>\u4e2d\u56fd\u795e\u534e (1088 HK)\uff1a\u653f\u7b56\u652f\u6301<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\u4ef7\uff1a24.9\uff0c\u76ee\u6807\u4ef7\uff1a26.5\uff0c\u6b62\u635f\u4ef7\uff1a24.1<\/strong>\n  <\/li><li>\n    \u4e2d\u56fd\u795e\u534e\u80fd\u6e90\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e2d\u56fd\u7684\u7efc\u5408\u6027\u80fd\u6e90\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u516d\u4e2a\u90e8\u95e8\u5f00\u5c55\u4e1a\u52a1\u3002\u7164\u70ad\u4e1a\u52a1\u90e8\u95e8\u4ece\u4e8b\u5730\u9762\u53ca\u4e95\u5de5\u77ff\u7684\u7164\u70ad\u5f00\u91c7\u548c\u9500\u552e\u4e1a\u52a1\u3002\u53d1\u7535\u4e1a\u52a1\u90e8\u95e8\u4ece\u4e8b\u7164\u70ad\u53d1\u7535\u3001\u98ce\u529b\u53d1\u7535\u3001\u6c34\u529b\u53d1\u7535\u3001\u71c3\u6c14\u53d1\u7535\u53ca\u7535\u529b\u9500\u552e\u4e1a\u52a1\u3002\u94c1\u8def\u4e1a\u52a1\u90e8\u95e8\u63d0\u4f9b\u94c1\u8def\u8fd0\u8f93\u670d\u52a1\u3002\u6e2f\u53e3\u4e1a\u52a1\u90e8\u95e8\u63d0\u4f9b\u6e2f\u53e3\u8d27\u7269\u88c5\u5378\u3001\u642c\u8fd0\u548c\u50a8\u5b58\u670d\u52a1\u3002\u822a\u8fd0\u4e1a\u52a1\u90e8\u95e8\u63d0\u4f9b\u822a\u8fd0\u8fd0\u8f93\u670d\u52a1\u3002\u7164\u5316\u5de5\u4e1a\u52a1\u90e8\u95e8\u4ece\u4e8b\u70ef\u70c3\u4ea7\u54c1\u7684\u5236\u9020\u548c\u9500\u552e\u4e1a\u52a1\u3002\u8be5\u516c\u53f8\u5728\u4e2d\u56fd\u56fd\u5185\u548c\u6d77\u5916\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002\n  <\/li><li><strong>\u652f\u6301\u56fd\u6709\u4f01\u4e1a\u3002<\/strong>\u4e2d\u56fd\u653f\u5e9c\u8ba1\u5212\u4e3a\u56fd\u6709\u4f01\u4e1a\u63d0\u4f9b\u66f4\u591a\u652f\u6301\uff0c\u4ee5\u63d0\u9ad8\u56fd\u6709\u4f01\u4e1a\u7684\u4f30\u503c\u3002\u653f\u5e9c\u9f13\u52b1\u4ed6\u4eec\u8fdb\u884c\u5168\u7403\u6269\u5f20\uff0c\u5e76\u6839\u636e\u56fd\u5bb6\u6218\u7565\u548c\u4ea7\u4e1a\u5347\u7ea7\u9700\u6c42\u8fdb\u884c\u7814\u7a76\u3002\u5728\u653f\u5e9c\u7684\u652f\u6301\u4e0b\uff0c\u56fd\u6709\u4f01\u4e1a\u5c06\u80fd\u591f\u66f4\u597d\u5730\u5de9\u56fa\u56fd\u9645\u4ea4\u6613\uff0c\u83b7\u5f97\u66f4\u591a\u7684\u56fd\u9645\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u3002\u52302022\u5e74\uff0c\u8fd9\u4e9b\u56fd\u4f01\u7684\u51c0\u5229\u6da6\u5df2\u7ecf\u589e\u957f\u52301.9\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u6bd42020\u5e74\u589e\u957f35.7%\u3002\n  <\/li><li><strong>\u7164\u70ad\u9700\u6c42\u3002<\/strong>\u968f\u7740\u4e2d\u56fd\u7ee7\u7eed\u5411\u7eff\u8272\u80fd\u6e90\u8f6c\u578b\uff0c\u4ed6\u4eec\u8ba1\u5212\u5728\u5efa\u8bbe\u65b0\u7684\u53ef\u518d\u751f\u80fd\u6e90\u7cfb\u7edf\u7684\u540c\u65f6\uff0c\u4fc3\u8fdb\u7164\u70ad\u7684\u6e05\u6d01\u548c\u9ad8\u6548\u5229\u7528\u3002\u56e0\u6b64\uff0c\u4ed6\u4eec\u5c06\u7ee7\u7eed\u589e\u52a0\u7164\u70ad\u4ea7\u91cf\uff0c\u8fd9\u5c06\u6709\u5229\u4e8e\u4e2d\u56fd\u795e\u534e\u80fd\u6e90\u3002\n  <\/li><li><strong>22\u8d22\u5e74\u4e1a\u7ee9\u6307\u5f15\u3002<\/strong>\u80a1\u4e1c\u5e94\u5360\u5229\u6da6\u9884\u8ba1\u5728719\u4ebf\u5143\u81f3739\u4ebf\u5143\u4e4b\u95f4\uff0c\u8f8321\u5e74\u8d22\u5e74\u7684516\u4ebf\u5143\u540c\u6bd4\u589e\u957f\u7ea639.3%\u81f343.2%\u3002\n  <\/li><li>\n    \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-8.0%\/-1.9%\uff0c\u5bf9\u5e946.4\u500d\/6.5\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u300223\/24\u8d22\u5e74\u80a1\u606f\u6536\u76ca\u7387\u5206\u522b\u4e3a12.4%\/11.9%\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a6.08\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a<strong>29.21\u6e2f\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-144.png\" alt=\"\" class=\"wp-image-24369\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-144.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-144-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-144-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-144-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)<strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-145.png\" class=\"wp-image-24370\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-145.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-145-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-24329-_6xzuwbi3dcr\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-146.png\" class=\"wp-image-24371\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-146.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-146-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-146-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_ry0804sniri\"><\/a><a id=\"post-24329-_ewivio7gjp9q\"><\/a><strong>\u5927\u5168\u65b0\u80fd\u6e90 (DQ US): \u50f5\u5c40\u7f13\u89e3<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\u4ef7\uff1a53\uff0c\u76ee\u6807\u4ef7\uff1a63\uff0c\u6b62\u635f\u4ef7\uff1a48<\/strong>\n  <\/li><li>\n    \u5927\u5168\u65b0\u80fd\u6e90\u516c\u53f8\u751f\u4ea7\u591a\u6676\u7845\u3002\u8be5\u516c\u53f8\u5c06\u591a\u6676\u7845\u9500\u552e\u7ed9\u5149\u4f0f\u4ea7\u54c1\u5236\u9020\u5546\uff0c\u540c\u6642\u516c\u53f8\u5c06\u591a\u6676\u7845\u52a0\u5de5\u6210\u592a\u9633\u80fd\u4ea7\u54c1\u7684\u952d\u3001\u6676\u5706\u3001\u7535\u6c60\u548c\u6a21\u5757\u3002\n  <\/li><li><strong>\u653e\u5bbd\u592a\u9633\u80fd\u7535\u6c60\u677f\u8fdb\u53e3\u9650\u5236\u3002<\/strong>\u636e\u8def\u900f\u793e\u62a5\u9053\uff0c\u7f8e\u56fd\u6d77\u5173\u5b98\u5458<a href=\"https:\/\/www.nasdaq.com\/articles\/u.s.-solar-panel-imports-from-china-grow-alleviating-gridlock-officials-say\">\u6f84\u6e05<\/a>\u4e86\u6709\u5173\u7981\u6b62\u4f7f\u7528\u5f3a\u8feb\u52b3\u52a8\u751f\u4ea7\u5546\u54c1\u7684\u6cd5\u5f8b\u89c4\u5b9a\u3002\u56e0\u6b64\uff0c\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u592a\u9633\u80fd\u7535\u6c60\u677f\u589e\u52a0\u4e86\u3002\u6301\u7eed\u4e86\u51e0\u4e2a\u6708\u7684\u50f5\u5c40\u7684\u6d88\u9664\u6709\u52a9\u4e8e\u592a\u9633\u80fd\u7535\u6c60\u677f\u9700\u6c42\u7684\u590d\u82cf\u548c\u591a\u6676\u7845\u4ef7\u683c\u5728\u77ed\u671f\u5185\u7684\u56de\u5347\u3002\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4e2d\u56fd\u591a\u6676\u78459N\u4ea4\u4ed8\u4ef7\u683c\uff08\u4eba\u6c11\u5e01\/\u516c\u65a4\uff09<\/strong>\n<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"984\" height=\"740\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-147.png\" class=\"wp-image-24372\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-147.png 984w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-147-300x226.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-147-768x578.png 768w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><\/strong>\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002<\/strong>\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002\n  <\/li><li><strong>22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002\n  <\/li><li>\n    \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a<strong>61.73\u7f8e\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-148.png\" alt=\"\" class=\"wp-image-24373\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-148.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-148-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-148-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-148-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-149.png\" class=\"wp-image-24374\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-149.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-149-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><a id=\"post-24329-_9y0lto8bgi8k\"><\/a><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_qef5u7hzcp\"><\/a><strong>Tapestry (TPR US): \u5bf9\u51b2\u901a\u80c0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u7533\u4e70\u5165\u4ef7\uff1a42.8\uff0c\u76ee\u6807\u4ef7\uff1a47.0\uff0c\u6b62\u635f\u4ef7\uff1a40.7<\/strong>\n  <\/li><li>\n    Tapestry Inc (TPR US) \u8bbe\u8ba1\u5e76\u9500\u552e\u670d\u88c5\u548c\u914d\u9970\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u624b\u888b\u3001\u76ae\u5177\u3001\u978b\u7c7b\u3001\u9999\u6c34\u3001\u73e0\u5b9d\u3001\u5916\u8863\u3001\u6210\u8863\u3001\u56f4\u5dfe\u3001\u592a\u9633\u955c\u3001\u65c5\u884c\u914d\u4ef6\u548c\u624b\u8868\u3002\u5b83\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002\u5b83\u62e5\u6709 Coach\u3001Stuart Weitzman \u548c Kate Spade \u54c1\u724c\u3002\n  <\/li><li><strong>\u540e\u75ab\u60c5\u9ad8\u7aef\u6d88\u8d39\u529b\u7ef4\u6301\u3002<\/strong>\u5728\u901a\u80c0\u6301\u7eed\u7684\u5b8f\u89c2\u73af\u5883\u4e0b\uff0c\u5962\u4f88\u54c1\u5de8\u5934\u9646\u7eed\u5c06\u7ebf\u4e0b\u4ea7\u54c1\u63d0\u9ad8\u5355\u4ef7\u4ece\u800c\u4fdd\u6301\u5229\u6da6\u7387\u3002\u5404\u56fd\u65c5\u6e38\u4e1a\u5728\u4eca\u5e74\u6301\u7eed\u590d\u82cf\uff0c\u8fd9\u6709\u52a9\u8be5\u884c\u4e1a\u9500\u552e\u8fdb\u4e00\u6b65\u4e0a\u5347\u3002\u9ad8\u7aef\u6d88\u8d39\u8005\u5bf9\u5962\u4f88\u54c1\u4ef7\u683c\u654f\u611f\u5ea6\u4f4e\u3002\u63d0\u4ef7\u53ca\u9965\u997f\u5f0f\u9500\u552e\u53cd\u800c\u5438\u5f15\u6d88\u8d39\u8005\u5173\u6ce8\u3002\n  <\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u559c\u5fe7\u53c2\u534a\uff0c\u4f46\u5168\u5e74\u524d\u666f\u8f83\u597d\u3002<\/strong> 23\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u8425\u6536\u7565\u5fae\u540c\u6bd4\u4e0b\u964d5.4%\u81f320.3\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f1,000\u4e07\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u8d85\u51fa\u9884\u671f0.06\u7f8e\u5143\uff0c\u8fbe\u52301.33\u7f8e\u5143\u3002 \u5168\u5e74\u8425\u6536\u9884\u8ba1\u5c06\u8fbe\u523066\u4ebf\u7f8e\u5143\uff0c\u6309\u56fa\u5b9a\u6c47\u7387\u8ba1\u7b97\u540c\u6bd4\u589e\u957f 2%-3%\u3002\u7a00\u91ca\u540e\u6bcf\u80a1\u6536\u76ca\u9884\u8ba1\u57283.70\u7f8e\u5143\u81f33.75\u7f8e\u5143\u4e4b\u95f4\u3002\n  <\/li><li>\n    23\/24 \u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5e02\u573a\u5171\u8bc6\u5206\u522b\u4e3a7.6%\/12.7%\uff0c\u76f8\u5f53\u4e8e11.6\u500d\/10.3\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a12.5\u500d\u3002\u5f6d\u535a\u5e73\u5747 12 \u4e2a\u6708\u76ee\u6807\u4ef7\u4e3a<strong>51.33 \u7f8e\u5143\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"722\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-150.png\" alt=\"\" class=\"wp-image-24375\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-150.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-150-300x176.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-150-1024x601.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-150-768x451.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_va9jaog5jnw3\"><\/a><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-151.png\" class=\"wp-image-24376\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-151.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-151-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<figure class=\"wp-block-image\" id=\"sp\"><img loading=\"lazy\" decoding=\"async\" width=\"829\" height=\"104\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-152.png\" alt=\"\" class=\"wp-image-24377\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-152.png 829w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-152-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-152-768x96.png 768w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_fginbsn8cd1z\"><\/a><a id=\"post-24329-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"325\" src=\"https:\/\/lh5.googleusercontent.com\/3zSWYzgua_Y4eHQb6HA55gFpogvOV6gK6Wvo9oZeZZ7Nur7iQqdbKG3GrwUoz3327pu3meOT6h_CUj0_R2w6067oTQGPTTFFNJwwiZ9JXyMWHajo6I9RBj5gIi6m0iPagtEVnBM1NVJo62LtdBMj05Y\"><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>News Feed<\/strong><\/td><\/tr><tr><td>1. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-09\/bond-market-rewrites-script-for-rates-in-new-hard-landing-threat?leadSource=uverify%20wall\">Recession Risk Looms Large as Bond Markets Price in Steeper Rate Hikes Globally<\/a><\/td><\/tr><tr><td>2. <a href=\"https:\/\/www.reuters.com\/markets\/us\/investors-fear-inflation-higher-yields-may-make-us-equities-dead-money-2023-03-09\/\">Investors fear inflation, higher yields may make U.S. equities \u2018dead money\u2019<\/a><\/td><\/tr><tr><td>3. <a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-near-flat-us-crude-stock-draw-contends-with-economic-concerns-2023-03-09\/\">Oil prices slip 1% to two-week low on recession worries<\/a><\/td><\/tr><tr><td>4. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-09\/silvergate-bet-everything-on-crypto-then-watched-it-evaporate\">Silvergate Bet Everything on Crypto, Then It All Evaporated<\/a><\/td><\/tr><tr><td>5. <a href=\"https:\/\/www.reuters.com\/markets\/us\/futures-slip-rate-hike-worries-ahead-payrolls-data-2023-03-09\/\">Wall St falls on bank stocks tumble, jobs report jitters<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-154.png\" alt=\"\" class=\"wp-image-24379\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-154.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-154-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-24329-_qqv3rtx8nazp\"><\/a><a id=\"post-24329-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1275\" height=\"691\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-155.png\" alt=\"\" class=\"wp-image-24380\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-155.png 1275w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-155-300x163.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-155-1024x555.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-155-768x416.png 768w\" sizes=\"(max-width: 1275px) 100vw, 1275px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>News Feed<\/strong>\n<\/p><\/td><\/tr><tr><td><p>\n  1. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/global\/chinas-financial-shake-shows-policymakers-growing-focus-stability-risk\">China\u2019s financial shake-up shows policymakers\u2019 growing focus on stability, risk<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  2. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/chinas-xi-says-better-use-defence-resources-needed-win-wars\">China\u2019s Xi says better use of defence resources needed \u2018to win wars\u2019<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  3. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/china-faces-more-limits-chip-export-gear-netherlands\">China faces more limits on chip-export gear from Netherlands<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  4. <a href=\"https:\/\/www.businesstimes.com.sg\/property\/china-evergrande-races-court-deadline-debt-restructuring-terms-sources\">China Evergrande races court deadline on debt restructuring terms: sources<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  5. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-09\/china-s-consumer-inflation-slows-as-demand-eases-post-holiday\">China\u2019s Weak Inflation Eases Pressure on Global Prices<\/a>\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-156.png\" alt=\"\" class=\"wp-image-24381\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-156.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-156-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"td\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-157.png\" alt=\"\" class=\"wp-image-24382\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-157.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/03\/word-image-157-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Add Tapestry (TPR US) at US$42.8 and Daqo New Energy (DQ US) at US$53.0. Take profit on Enphase Energy (ENPH US) at US$218.3. Cut loss on Cathay Pacific Airways (293 HK) at HK$7.61 and Barrick Gold (GOLD US) at US$15.6.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/V9oscK0sYocO22kWDjTtZR_-ZMNfclsZIVp7lri5j6nCdPYG6gTtHz3RQW5m_vhcqCD7O9yEKZil2WboXGUMufOLjs4lw0LOlewpH5O08RGvUNckZF983zb1oavq9j3XiGHCeYItxKNCU5Fz9k803ik\" width=\"602\" height=\"217\"><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"520\" height=\"142\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/06\/word-image-433.png\" alt=\"\" class=\"wp-image-17077\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/06\/word-image-433.png 520w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/06\/word-image-433-300x82.png 300w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/a><\/figure><\/div>\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u4e30\u76ca\u56fd\u9645 (WIL SP)\uff1a\u8f6f\u5546\u54c1\u4ef7\u683c\u4e0a\u5347 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35 \u4e30\u76ca\u56fd\u9645\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u98df\u54c1\u52a0\u5de5\u516c\u53f8\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u6cb9\u68d5\u79cd\u690d\u3001\u98df\u7528\u6cb9\u7cbe\u70bc\u3001\u7834\u788e\u548c\u589e\u76ca\u52a0\u5de5\u670d\u52a1\uff0c\u5e76\u63d0\u4f9b\u7cd6\u3001\u9762\u7c89\u548c\u5927\u7c73\u3002\u4e30\u76ca\u56fd\u9645\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002 \u98df\u7cd6\u671f\u8d27\u4ef7\u683c\u3002\u539f\u7cd6\u671f\u8d27\u5f98\u5f8a\u572821\u7f8e\u5206\u7684\u533a\u95f4\uff0c\u6700\u8fd1\u8fbe\u5230\u4e86\u6bcf\u78c522.1\u7f8e\u5206\u76846\u5e74\u9ad8\u70b9\uff0c\u539f\u56e0\u662f\u4f9b\u5e94\u7d27\u5f20\u7684\u62c5\u5fe7\uff0c\u4e2d\u56fd\u6700\u8fd1\u91cd\u65b0\u5f00\u653e\u63d0\u632f\u4e86\u5f3a\u52b2\u7684\u9700\u6c42\u9884\u671f\uff0c\u4ee5\u53ca\u5370\u5ea6\u548c\u6b27\u6d32\u7684\u751f\u4ea7\u524d\u666f\u6076\u5316\u3002\u6700\u65b0\u4f30\u8ba1\u663e\u793a\uff0c\u8fd9\u4e2a\u4e16\u754c\u7b2c\u4e8c\u5927\u98df\u7cd6\u51fa\u53e3\u56fd\u53ef\u80fd\u57282023\u5e74\u751f\u4ea73400\u4e07\u5428\u8fd9\u79cd\u5546\u54c1\uff0c\u6bd4\u4e4b\u524d\u7684\u9884\u6d4b\u4e0b\u964d7%\u3002 \u68d5\u6988\u6cb9\u671f\u8d27\u4ef7\u683c\u3002\u77ed\u671f\u5929\u6c14\u4e2d\u65ad\u53ef\u80fd\u4f1a\u5728\u77ed\u671f\u5185\u652f\u6491\u9a6c\u6765\u897f\u4e9a\u7684\u7c97\u68d5\u6988\u6cb9\u4ef7\u683c\uff0c\u56e0\u4e3a\u6301\u7eed\u7684\u6d2a\u6c34\u4f1a\u6253\u51fb\u4f9b\u5e94\u3002\u4e9a\u6d32\u68d5\u6988\u6cb9\u4e70\u5bb6\u6700\u8fd1\u4e5f\u5bfb\u6c42\u751f\u4ea7\u5546\u7a33\u5b9a\u7684\u51fa\u53e3\u653f\u7b56\uff0c\u4ee5\u51cf\u5c11\u4f9b\u5e94\u94fe\u7684\u6ce2\u52a8\u3002\u7531\u4e8e\u52b3\u52a8\u529b\u4f9b\u5e94\u6539\u5584\uff0c\u9884\u8ba123\u8d22\u5e74\u7684\u68d5\u6988\u6cb9\u4ea7\u91cf\u4e5f\u5c06\u9ad8\u4e8e22\u8d22\u5e74\u3002 \u539f\u7cd6\uff08\u7ea2\uff09\u53ca\u7c97\u68d5\u6988\u6cb9\uff08\u68d5\uff09\u671f\u8d27\u8d70\u52bf (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) \u9999\u6e2f\u7f6e\u5730 (HKL SP)\uff1a\u53d7\u60e0\u201d\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35 \u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u5927\u578b\u4e0a\u5e02\u7269\u4e1a\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u96c6\u56e2\u62e5\u6709\u548c\u7ba1\u7406\u5305\u62ec\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u5728\u4e9a\u6d32\u4e3b\u8981\u57ce\u5e02\u9762\u7684\u79ef\u8d85\u8fc785\u4e07\u5e73\u65b9\u7c73\u7684\u9ec4\u91d1\u5199\u5b57\u697c\u548c\u8c6a\u534e\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u62e5\u6709\u591a\u4e2a\u9ad8\u8d28\u91cf\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u7efc\u5408\u7528\u9014\u9879\u76ee\uff0c\u5176\u4e2d\u5305\u62ec\u5360\u5730110\u4e07\u5e73\u65b9\u82f1\u5c3a\u7684\u4e0a\u6d77\u897f\u5cb8\u7efc\u5408\u9879\u76ee\u768443%\u7684\u6743\u76ca\u3002 \u65c5\u6e38\u4e1a\u60c5\u7eea\u6539\u5584\u3002\u4f5c\u4e3a\u9999\u6e2f\u673a\u573a\u7ba1\u7406\u5c40\u4e3b\u529e\u7684\u201c\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8\u7684\u4e00\u90e8\u5206\uff0c\u56fd\u6cf0\u822a\u7a7a\u5c06\u4e3a\u4e1c\u5357\u4e9a\u5730\u533a\u7684\u5c45\u6c11\u63d0\u4f9b8\u4e07\u5f20\u514d\u8d39\u5f80\u8fd4\u9999\u6e2f\u7684\u673a\u7968\uff1b\u8be5\u6d3b\u52a8\u4e3a\u5168\u7403\u6e38\u5ba2\u63d0\u4f9b50\u4e07\u5f20\u514d\u8d39\u673a\u7968\u3002\u8fd9\u9879\u8ba1\u5212\u65e8\u5728\u652f\u6301\u9999\u6e2f\u65c5\u6e38\u53d1\u5c55\u5c40\u7684\u201c\u4f60\u597d\u9999\u6e2f\u201d\u5ba3\u4f20\u6d3b\u52a8\uff0c\u6b22\u8fce\u6e38\u5ba2\u5728\u53d6\u6d88\u65c5\u6e38\u9650\u5236\u540e\u56de\u5230\u9999\u6e2f\u65c5\u6e38\u3002\u8fd9\u65e0\u7591\u4f1a\u8fdb\u4e00\u6b65\u6709\u6548\u5730\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u9700\u6c42\u3002 \u53d6\u6d88\u53e3\u7f69\u4ee4\u3002\u9999\u6e2f\u6700\u8fd1\u5ba3\u5e03\u53d6\u6d88\u4f69\u6234\u53e3\u7f69\u7684\u89c4\u5b9a\u3002\u8fd9\u4e00\u51b3\u5b9a\u65e8\u5728\u5438\u5f15\u6e38\u5ba2\u548c\u4f01\u4e1a\uff0c\u6062\u590d\u6b63\u5e38\u751f\u6d3b\u3002\u4e09\u5e74\u591a\u524d\uff0c\u8fd9\u4e2a\u91d1\u878d\u4e2d\u5fc3\u6700\u521d\u5b9e\u65bd\u4e86\u4e25\u683c\u7684\u76d1\u7ba1\u3002\u8fd9\u663e\u793a\u4e86\u8be5\u56fd\u6b63\u5728\u6446\u8131\u5927\u6d41\u884c\u7684\u4fe1\u5fc3\u548c\u529b\u91cf\u3002\u968f\u7740\u66f4\u591a\u7684\u6d3b\u52a8\u6062\u590d\u5230\u5927\u6d41\u884c\u524d\u7684\u6c34\u5e73\uff0c\u8fd9\u4e5f\u5fc5\u5c06\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u4e1a\u6c34\u5e73\u3002 22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u300222\u8d22\u5e74\u57fa\u672c\u5229\u6da6\u540c\u6bd4\u4e0b\u964d20%\uff0c\u4ece21\u8d22\u5e74\u76849.66\u4ebf\u65b0\u5143\u964d\u81f37.76\u4ebf\u65b0\u5143\u3002\u5e74\u5ea6\u51c0\u5229\u6da6\u4e3a2.03\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u5305\u62ec\u56e0\u96c6\u56e2\u6295\u8d44\u7269\u4e1a\u4f30\u503c\u964d\u4f4e\u800c\u9020\u6210\u76845.734\u4ebf\u7f8e\u5143\u975e\u73b0\u91d1\u4e8f\u635f\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a14.8%\/5.2%\uff0c\u5bf9\u5e9411.5\u500d\/10.9\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a13.5\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.19\u65b0\u5143\u3002 (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":18710,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-24329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith Tan\"\/>\n\t<meta name=\"keywords\" content=\"kgi daily trading ideas (chinese)\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-03-09T23:40:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-03-10T02:44:34+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#blogposting\",\"name\":\"2023\\u5e7403\\u670810\\u65e5: \\u4e30\\u76ca\\u56fd\\u9645 (WIL SP), \\u666e\\u62c9\\u8fbe (1913 HK), \\u5927\\u5168\\u65b0\\u80fd\\u6e90 (DQ US) \\u2022 KGI Singapore Research\",\"headline\":\"2023\\u5e7403\\u670810\\u65e5: \\u4e30\\u76ca\\u56fd\\u9645 (WIL SP), \\u666e\\u62c9\\u8fbe (1913 HK), \\u5927\\u5168\\u65b0\\u80fd\\u6e90 (DQ US)\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Thumb02.jpg?wsr\",\"width\":300,\"height\":168},\"datePublished\":\"2023-03-10T07:40:00+08:00\",\"dateModified\":\"2023-03-10T10:44:34+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#webpage\"},\"articleSection\":\"KGI Daily Trading Ideas (Chinese)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas-chinese\\\/#listItem\",\"name\":\"KGI Daily Trading Ideas (Chinese)\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas-chinese\\\/#listItem\",\"position\":2,\"name\":\"KGI Daily Trading Ideas (Chinese)\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas-chinese\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#listItem\",\"name\":\"2023\\u5e7403\\u670810\\u65e5: \\u4e30\\u76ca\\u56fd\\u9645 (WIL SP), \\u666e\\u62c9\\u8fbe (1913 HK), \\u5927\\u5168\\u65b0\\u80fd\\u6e90 (DQ US)\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#listItem\",\"position\":3,\"name\":\"2023\\u5e7403\\u670810\\u65e5: \\u4e30\\u76ca\\u56fd\\u9645 (WIL SP), \\u666e\\u62c9\\u8fbe (1913 HK), \\u5927\\u5168\\u65b0\\u80fd\\u6e90 (DQ US)\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas-chinese\\\/#listItem\",\"name\":\"KGI Daily Trading Ideas (Chinese)\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/\",\"name\":\"Keith Tan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6e081ee53ea613f8e7be4f0607b3f5c1a3d295ee583a0f5bb51e9c300635ad2e?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Keith Tan\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/\",\"name\":\"2023\\u5e7403\\u670810\\u65e5: \\u4e30\\u76ca\\u56fd\\u9645 (WIL SP), \\u666e\\u62c9\\u8fbe (1913 HK), \\u5927\\u5168\\u65b0\\u80fd\\u6e90 (DQ US) \\u2022 KGI Singapore Research\",\"description\":\"\\u65b0\\u52a0\\u5761\\u80a1\\u7968\\u63a8\\u8350 | \\u9999\\u6e2f\\u80a1\\u7968\\u63a8\\u8350 | \\u7f8e\\u80a1\\u63a8\\u8350 | \\u884c\\u4e1a\\u677f\\u5757\\u8868\\u73b0 | \\u4ea4\\u6613\\u9f99\\u864e\\u699c (Source: Bloomberg) FY22\\u4e1a\\u7ee9\\u56de\\u987e\\u3002\\u8be5\\u516c\\u53f8\\u516c\\u5e0322\\u8d22\\u5e74\\u7684\\u5229\\u6da6\\u8fbe\\u5230\\u521b\\u7eaa\\u5f55\\u768424\\u4ebf\\u7f8e\\u5143\\uff0832\\u4ebf\\u65b0\\u5143\\uff09\\uff0c\\u6bd42021\\u8d22\\u5e74\\u768419\\u4ebf\\u7f8e\\u5143\\u589e\\u957f27.1%\\uff1b2022\\u8d22\\u5e74\\u6838\\u5fc3\\u51c0\\u5229\\u6da6\\u589e\\u957f31%\\u81f324.2\\u4ebf\\u7f8e\\u5143\\u3002 \\u5e02\\u573a\\u5bf923\\\/24\\u8d22\\u5e74\\u6bcf\\u80a1\\u76c8\\u5229\\u7684\\u6700\\u65b0\\u5171\\u8bc6\\u5206\\u522b\\u4e3a0.309\\u7f8e\\u5143\\\/0.329\\u7f8e\\u5143\\uff0c\\u5bf9\\u5e949.52\\u500d\\\/8.94\\u500d\\u8fdc\\u671f\\u5e02\\u76c8\\u7387\\u3002\\u5f53\\u524d\\u5e02\\u76c8\\u7387\\u4e3a7.68\\u500d\\u3002\\u5f6d\\u535a(Bloomberg)\\u4e00\\u81f4\\u8ba4\\u4e3a12\\u4e2a\\u6708\\u5e73\\u5747\\u76ee\\u6807\\u4ef7\\u4e3a5.24\\u65b0\\u5143\\u3002 (Source: Bloomberg) (Source: Bloomberg) \\u666e\\u62c9\\u8fbe (1913 HK)\\uff1a\\u6602\\u8d35\\u55dc\\u597d \\u91cd\\u7533\\u4e70\\u5165\\u4ef7\\uff1a52.0\\uff0c\\u76ee\\u6807\\u4ef7\\uff1a56.0\\uff0c\\u6b62\\u635f\\u4ef7\\uff1a50.0 \\u666e\\u62c9\\u8fbe\\u662f\\u4e00\\u5bb6\\u4f4d\\u4e8e\\u610f\\u5927\\u5229\\u7684\\u4ece\\u4e8b\\u65f6\\u5c1a\\u884c\\u4e1a\\u7684\\u516c\\u53f8\\u3002\\u516c\\u53f8\\u662f\\u666e\\u62c9\\u8fbe\\u96c6\\u56e2\\u7684\\u6bcd\\u516c\\u53f8\\u3002\\u516c\\u53f8\\u53ca\\u5176\\u9644\\u5c5e\\u516c\\u53f8\\u4ece\\u4e8b\\u76ae\\u5177\\u3001\\u624b\\u888b\\u3001\\u670d\\u88c5\\u3001\\u773c\\u955c\\u3001\\u9999\\u6c34\\u3001\\u978b\\u7c7b\\u53ca\\u914d\\u4ef6\\u7684\\u8bbe\\u8ba1\\u3001\\u751f\\u4ea7\\u53ca\\u5206\\u9500\\u3002\\u666e\\u62c9\\u8fbeSpA\\u751f\\u4ea7\\u5939\\u514b\\u3001\\u88e4\\u5b50\\u3001\\u88d9\\u5b50\\u3001\\u8fde\\u8863\\u88d9\\u3001\\u6bdb\\u8863\\u3001\\u886c\\u886b\\uff0c\\u4ee5\\u53ca\\u9999\\u6c34\\u548c\\u624b\\u8868\\u7b49\\u3002\\u8be5\\u516c\\u53f8\\u901a\\u8fc7\\u591a\\u4e2a\\u54c1\\u724c\\u8fdb\\u884c\\u4ea7\\u54c1\\u4ea4\\u6613\\uff0c\\u5982\\u666e\\u62c9\\u8fbe\\u3001Miu Miu\\u3001The Church\\u548cThe Car Shoe\\u3002Prada SpA\\u901a\\u8fc7\\u76f4\\u8425\\u5e97\\u3001\\u7279\\u8bb8\\u7ecf\\u8425\\u5e97\\u3001\\u7cbe\\u9009\\u591a\\u54c1\\u724c\\u5e97\\u548c\\u767e\\u8d27\\u516c\\u53f8\\u7f51\\u7edc\\u5728\\u5168\\u7403\\u7ea670\\u4e2a\\u56fd\\u5bb6\\u5f00\\u5c55\\u4e1a\\u52a1\\u3002\\u666e\\u62c9\\u8fbe\\u6c34\\u7597\\u4e2d\\u5fc3\\u901a\\u8fc7\\u4f17\\u591a\\u5b50\\u516c\\u53f8\\u8fd0\\u8425\\uff0c\\u5305\\u62ecArtisans Shoes Srl\\u3001Angelo Marchesi Srl\\u3001Prada Far East BV\\u3001Tannerie Megisserie Hervy SAS\\u548cPrada SA\\u7b49\\u3002 Lyst\\u6307\\u6570\\u3002Lyst\\u662f\\u4e00\\u4e2a\\u4f7f\\u7528\\u8d2d\\u7269\\u8005\\u6570\\u636e\\u5bf9\\u6d41\\u884c\\u65f6\\u5c1a\\u54c1\\u724c\\u8fdb\\u884c\\u5b63\\u5ea6\\u6392\\u540d\\u7684\\u62a5\\u544a\\u6307\\u6570\\uff0c\\u53d1\\u5e03\\u4e862022\\u5e7410\\u6708\\u81f312\\u6708\\u7684\\u6700\\u65b0\\u62a5\\u544a\\uff0c\\u8fd9\\u662f\\u5176\\u7b2c\\u4e94\\u5e74\\u8fdb\\u884c\\u5ba2\\u6237\\u6d1e\\u5bdf\\u3002\\u8fd9\\u4e2a\\u72ec\\u7279\\u7684\\u6307\\u6570\\u901a\\u8fc7\\u6536\\u96c6\\u5168\\u74032\\u4ebf\\u6d88\\u8d39\\u8005\\u7684\\u8d2d\\u7269\\u6570\\u636e\\uff0c\\u5bf9\\u65f6\\u5c1a\\u754c\\u7684\\u9876\\u7ea7\\u54c1\\u724c\\u548c\\u4ea7\\u54c1\\u8fdb\\u884c\\u6392\\u540d\\u3002\\u5728Lyst\\u6307\\u6570\\u56fe\\u8868\\u4e0a\\uff0c\\u54c1\\u724c\\u70ed\\u5ea6\\u7684\\u51b3\\u5b9a\\u4e0d\\u4ec5\\u4ec5\\u662f\\u9500\\u91cf\\u548c\\u6d4f\\u89c8\\u91cf\\u3002\\u5b83\\u8fd8\\u5305\\u62ec\\u6765\\u81ea\\u4e16\\u754c\\u5404\\u5730\\u7684\\u793e\\u4ea4\\u5a92\\u4f53\\u63d0\\u53ca\\u7387\\u3001\\u6d3b\\u52a8\\u548c\\u53c2\\u4e0e\\u5ea6\\u7edf\\u8ba1\\u6570\\u636e\\uff0c\\u4ee5\\u786e\\u5b9a\\u54ea\\u4e9b\\u54c1\\u724c\\u6392\\u540d\\u7b2c\\u4e00\\u3002\\u5728Lyst\\u7684\\u6700\\u65b0\\u62a5\\u544a\\u4e2d\\uff0c\\u666e\\u62c9\\u8fbe\\u6392\\u540d\\u7b2c\\u4e00\\uff0c\\u5176\\u6b21\\u662f\\u53e4\\u9a70\\u548cMoncler\\u3002 \\u4e16\\u754c\\u4e0a\\u6700\\u5927\\u7684\\u5962\\u4f88\\u54c1\\u6d88\\u8d39\\u8005\\u3002\\u5168\\u7403\\u8d22\\u5bcc\\u7684\\u589e\\u957f\\u5e26\\u52a8\\u4e86\\u5962\\u4f88\\u54c1\\u6d88\\u8d39\\u7684\\u589e\\u957f\\uff0c\\u8fd9\\u4e5f\\u63a8\\u52a8\\u4e86\\u4f2f\\u7eb3\\u5fb7\\u2022\\u963f\\u5c14\\u8bfa(Bernard Arnault)\\u901a\\u8fc7\\u65d7\\u4e0b\\u7684\\u5962\\u4f88\\u54c1\\u5de8\\u5934\\u8def\\u5a01\\u9169\\u8f69\\u96c6\\u56e2(LVMH)\\u4e00\\u8dc3\\u6210\\u4e3a\\u5168\\u7403\\u9996\\u5bcc\\u3002\\u5c3d\\u7ba1\\u65b0\\u51a0\\u80ba\\u708e\\u75ab\\u60c5\\u7206\\u53d1\\uff0c\\u4f46\\u97e9\\u56fd\\u6d88\\u8d39\\u8005\\u4fe1\\u5fc3\\u9ad8\\u6da8\\uff0c\\u97e9\\u56fd\\u4eba\\u5df2\\u6210\\u4e3a\\u5168\\u7403\\u5962\\u4f88\\u54c1\\u4eba\\u5747\\u652f\\u51fa\\u6700\\u9ad8\\u7684\\u56fd\\u5bb6\\u3002\\u6839\\u636e\\u6469\\u6839\\u58eb\\u4e39\\u5229\\u7684\\u4e00\\u4efd\\u62a5\\u544a\\uff0c\\u97e9\\u56fd\\u4eba\\u5360\\u666e\\u62c9\\u8fbe\\u3001Moncler\\u3001\\u5b9d\\u7f07\\u5609\\u548c\\u535a\\u67cf\\u5229\\u96c6\\u56e2\\u7b49\\u9ad8\\u7aef\\u54c1\\u724c\\u96f6\\u552e\\u603b\\u989d\\u768410%\\u4ee5\\u4e0a\\uff0c2022\\u5e74\\u97e9\\u56fd\\u4eba\\u5728\\u4e2a\\u4eba\\u5962\\u4f88\\u54c1\\u4e0a\\u7684\\u652f\\u51fa\\u589e\\u957f\\u4e8624%\\uff0c\\u8fbe\\u523021.8\\u4e07\\u4ebf\\u97e9\\u5143(232\\u4ebf\\u7f8e\\u5143)\\u3002 \\u793e\\u4ea4\\u5a92\\u4f53\\u8425\\u9500\\u7684\\u5174\\u8d77\\u3002\\u8fd1\\u5e74\\u6765\\uff0c\\u793e\\u4ea4\\u5a92\\u4f53\\u8425\\u9500\\u5174\\u8d77\\uff0c\\u54c1\\u724c\\u5229\\u7528\\u8fd9\\u4e9b\\u5e73\\u53f0\\u6765\\u5438\\u5f15\\u66f4\\u591a\\u7528\\u6237\\u3002\\u54c1\\u724c\\u901a\\u8fc7\\u5411\\u540d\\u4eba\\u548c\\u6709\\u5f71\\u54cd\\u529b\\u7684\\u4eba\\u53d1\\u9001\\u65b0\\u4ea7\\u54c1\\u5e76\\u5076\\u5c14\\u5411\\u4ed6\\u4eec\\u652f\\u4ed8\\u8d39\\u7528\\u6765\\u5438\\u5f15\\u4ed6\\u4eec\\u521b\\u4f5c\\u5185\\u5bb9\\u3002\\u97e9\\u56fd\\u6d41\\u884c\\u6587\\u5316\\u7684\\u6d41\\u884c\\u4f7f\\u5f97\\u9876\\u7ea7\\u65f6\\u88c5\\u516c\\u53f8\\u548c\\u5962\\u4f88\\u54c1\\u724c\\u90fd\\u7b7e\\u4e0b\\u4e86\\u97e9\\u56fd\\u660e\\u661f\\u4f5c\\u4e3a\\u5f62\\u8c61\\u5927\\u4f7f\\uff0c\\u5f71\\u54cd\\u7c89\\u4e1d\\u4eec\\u901a\\u8fc7\\u5404\\u79cd\\u5e7f\\u544a\\u8d2d\\u4e70\\u4ee3\\u8a00\\u4ea7\\u54c1\\u3002 22\\u8d22\\u5e74\\u4e0a\\u534a\\u5e74\\u4e1a\\u7ee9\\u300222\\u5e74\\u4e0a\\u534a\\u5e74\\u7684\\u8425\\u6536\\u4e3a19\\u4ebf\\u6b27\\u5143\\uff0c\\u540c\\u6bd4\\u589e\\u957f22%\\u3002\\u96f6\\u552e\\u989d\\u540c\\u6bd4\\u589e\\u957f26%\\uff0c\\u8fbe\\u523017\\u4ebf\\u6b27\\u5143\\u3002 \\u5e02\\u573a\\u5bf922\\\/23\\u8d22\\u5e74\\u6bcf\\u80a1\\u6536\\u76ca\\u589e\\u957f\\u7684\\u6700\\u65b0\\u5171\\u8bc6\\u5206\\u522b\\u4e3a\\u540c\\u6bd454.5%\\\/18.5%\\uff0c\\u5bf9\\u5e9435.5\\u500d\\\/30.0\\u500d\\u7684\\u8fdc\\u671f\\u5e02\\u76c8\\u7387\\u3002\\u5f53\\u524d\\u5e02\\u76c8\\u7387\\u4e3a41.92\\u500d\\u3002\\u5f6d\\u535a(Bloomberg)\\u4e00\\u81f4\\u8ba4\\u4e3a12\\u4e2a\\u6708\\u5e73\\u5747\\u76ee\\u6807\\u4ef7\\u4e3a55.42\\u6e2f\\u5143\\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \\u4e2d\\u56fd\\u91cd\\u7533\\u53d1\\u5c55\\u53ef\\u518d\\u751f\\u80fd\\u6e90\\u3002\\u524d\\u51e0\\u5929\\u4e24\\u4f1a\\u671f\\u95f4\\u53d1\\u5e03\\u7684\\u653f\\u5e9c2023\\u5e74\\u5de5\\u4f5c\\u62a5\\u544a\\u4e2d\\u63d0\\u5230\\uff0c\\u4e2d\\u56fd\\u5c06\\u52a0\\u5f3a\\u57ce\\u4e61\\u73af\\u5883\\u57fa\\u7840\\u8bbe\\u65bd\\u5efa\\u8bbe\\uff0c\\u7ee7\\u7eed\\u5b9e\\u65bd\\u91cd\\u8981\\u751f\\u6001\\u7cfb\\u7edf\\u4fdd\\u62a4\\u548c\\u4fee\\u590d\\u91cd\\u5927\\u5de5\\u7a0b\\u7684\\u603b\\u4f53\\u76ee\\u6807\\u548c\\u5efa\\u8bae\\u3002 22\\u8d22\\u5e74\\u7b2c\\u56db\\u5b63\\u5ea6\\u4e1a\\u7ee9\\u56de\\u987e\\u3002\\u8425\\u6536\\u540c\\u6bd4\\u589e\\u957f118.5%\\u81f38.643\\u4ebf\\u7f8e\\u5143\\u3002Non-GAAP\\u6bcf\\u80a1\\u6536\\u76ca\\u4e3a5.17\\u7f8e\\u5143\\u300222\\u5e74\\u7b2c\\u56db\\u5b63\\u5ea6\\u591a\\u6676\\u7845\\u4ea7\\u91cf\\u4e3a33,702\\u516c\\u5428\\uff0c\\u800c\\u7b2c\\u4e09\\u5b63\\u5ea6\\u4e3a33,401\\u516c\\u5428\\u3002\\u591a\\u6676\\u7845\\u9500\\u91cf\\u572822\\u5e74\\u7b2c\\u56db\\u5b63\\u5ea6\\u4e3a23,400\\u516c\\u5428\\uff0c\\u800c\\u5728\\u7b2c\\u4e09\\u5b63\\u5ea6\\u4e3a33,126\\u516c\\u5428\\u3002\\u7b2c\\u56db\\u5b63\\u5ea6\\u591a\\u6676\\u7845\\u5e73\\u5747\\u552e\\u4ef7\\u4e3a37.41\\u7f8e\\u5143\\\/\\u516c\\u65a4\\uff0c\\u800c\\u7b2c\\u4e09\\u5b63\\u5ea6\\u4e3a36.44\\u7f8e\\u5143\\\/\\u516c\\u65a4\\u3002 \\u5e02\\u573a\\u5bf923\\\/24\\u8d22\\u5e74\\u6bcf\\u80a1\\u6536\\u76ca\\u589e\\u957f\\u7684\\u6700\\u65b0\\u5171\\u8bc6\\u5206\\u522b\\u4e3a-37.9%\\\/-32.6%\\uff0c\\u5bf9\\u5e943.2\\u500d\\\/4.7\\u500d\\u7684\\u9884\\u671f\\u5e02\\u76c8\\u7387\\u3002\\u5f53\\u524d\\u5e02\\u76c8\\u7387\\u4e3a2.3\\u500d\\u3002\\u5f6d\\u535a\\u793e\\u4e00\\u81f4\\u8ba4\\u4e3a12\\u4e2a\\u6708\\u5e73\\u5747\\u76ee\\u6807\\u4ef7\\u4e3a61.73\\u7f8e\\u5143\\u3002 (Source: Bloomberg)\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Thumb02.jpg?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#mainImage\",\"width\":300,\"height\":168},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-10-mar-2023-zh\\\/#mainImage\"},\"datePublished\":\"2023-03-10T07:40:00+08:00\",\"dateModified\":\"2023-03-10T10:44:34+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research","description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)","canonical_url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/","robots":"max-image-preview:large","keywords":"kgi daily trading ideas (chinese)","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#blogposting","name":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research","headline":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US)","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr","width":300,"height":168},"datePublished":"2023-03-10T07:40:00+08:00","dateModified":"2023-03-10T10:44:34+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#webpage"},"articleSection":"KGI Daily Trading Ideas (Chinese)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas-chinese\/#listItem","name":"KGI Daily Trading Ideas (Chinese)"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas-chinese\/#listItem","position":2,"name":"KGI Daily Trading Ideas (Chinese)","item":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas-chinese\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#listItem","name":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US)"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#listItem","position":3,"name":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US)","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas-chinese\/#listItem","name":"KGI Daily Trading Ideas (Chinese)"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/","name":"Keith Tan","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/6e081ee53ea613f8e7be4f0607b3f5c1a3d295ee583a0f5bb51e9c300635ad2e?s=96&d=mm&r=g","width":96,"height":96,"caption":"Keith Tan"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/","name":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research","description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#mainImage","width":300,"height":168},"primaryImageOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/#mainImage"},"datePublished":"2023-03-10T07:40:00+08:00","dateModified":"2023-03-10T10:44:34+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research","og:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-10-mar-2023-zh\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2023-03-09T23:40:00+00:00","article:modified_time":"2023-03-10T02:44:34+00:00","twitter:card":"summary","twitter:title":"2023\u5e7403\u670810\u65e5: \u4e30\u76ca\u56fd\u9645 (WIL SP), \u666e\u62c9\u8fbe (1913 HK), \u5927\u5168\u65b0\u80fd\u6e90 (DQ US) \u2022 KGI Singapore Research","twitter:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002 Lyst\u6307\u6570\u3002Lyst\u662f\u4e00\u4e2a\u4f7f\u7528\u8d2d\u7269\u8005\u6570\u636e\u5bf9\u6d41\u884c\u65f6\u5c1a\u54c1\u724c\u8fdb\u884c\u5b63\u5ea6\u6392\u540d\u7684\u62a5\u544a\u6307\u6570\uff0c\u53d1\u5e03\u4e862022\u5e7410\u6708\u81f312\u6708\u7684\u6700\u65b0\u62a5\u544a\uff0c\u8fd9\u662f\u5176\u7b2c\u4e94\u5e74\u8fdb\u884c\u5ba2\u6237\u6d1e\u5bdf\u3002\u8fd9\u4e2a\u72ec\u7279\u7684\u6307\u6570\u901a\u8fc7\u6536\u96c6\u5168\u74032\u4ebf\u6d88\u8d39\u8005\u7684\u8d2d\u7269\u6570\u636e\uff0c\u5bf9\u65f6\u5c1a\u754c\u7684\u9876\u7ea7\u54c1\u724c\u548c\u4ea7\u54c1\u8fdb\u884c\u6392\u540d\u3002\u5728Lyst\u6307\u6570\u56fe\u8868\u4e0a\uff0c\u54c1\u724c\u70ed\u5ea6\u7684\u51b3\u5b9a\u4e0d\u4ec5\u4ec5\u662f\u9500\u91cf\u548c\u6d4f\u89c8\u91cf\u3002\u5b83\u8fd8\u5305\u62ec\u6765\u81ea\u4e16\u754c\u5404\u5730\u7684\u793e\u4ea4\u5a92\u4f53\u63d0\u53ca\u7387\u3001\u6d3b\u52a8\u548c\u53c2\u4e0e\u5ea6\u7edf\u8ba1\u6570\u636e\uff0c\u4ee5\u786e\u5b9a\u54ea\u4e9b\u54c1\u724c\u6392\u540d\u7b2c\u4e00\u3002\u5728Lyst\u7684\u6700\u65b0\u62a5\u544a\u4e2d\uff0c\u666e\u62c9\u8fbe\u6392\u540d\u7b2c\u4e00\uff0c\u5176\u6b21\u662f\u53e4\u9a70\u548cMoncler\u3002 \u4e16\u754c\u4e0a\u6700\u5927\u7684\u5962\u4f88\u54c1\u6d88\u8d39\u8005\u3002\u5168\u7403\u8d22\u5bcc\u7684\u589e\u957f\u5e26\u52a8\u4e86\u5962\u4f88\u54c1\u6d88\u8d39\u7684\u589e\u957f\uff0c\u8fd9\u4e5f\u63a8\u52a8\u4e86\u4f2f\u7eb3\u5fb7\u2022\u963f\u5c14\u8bfa(Bernard Arnault)\u901a\u8fc7\u65d7\u4e0b\u7684\u5962\u4f88\u54c1\u5de8\u5934\u8def\u5a01\u9169\u8f69\u96c6\u56e2(LVMH)\u4e00\u8dc3\u6210\u4e3a\u5168\u7403\u9996\u5bcc\u3002\u5c3d\u7ba1\u65b0\u51a0\u80ba\u708e\u75ab\u60c5\u7206\u53d1\uff0c\u4f46\u97e9\u56fd\u6d88\u8d39\u8005\u4fe1\u5fc3\u9ad8\u6da8\uff0c\u97e9\u56fd\u4eba\u5df2\u6210\u4e3a\u5168\u7403\u5962\u4f88\u54c1\u4eba\u5747\u652f\u51fa\u6700\u9ad8\u7684\u56fd\u5bb6\u3002\u6839\u636e\u6469\u6839\u58eb\u4e39\u5229\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u97e9\u56fd\u4eba\u5360\u666e\u62c9\u8fbe\u3001Moncler\u3001\u5b9d\u7f07\u5609\u548c\u535a\u67cf\u5229\u96c6\u56e2\u7b49\u9ad8\u7aef\u54c1\u724c\u96f6\u552e\u603b\u989d\u768410%\u4ee5\u4e0a\uff0c2022\u5e74\u97e9\u56fd\u4eba\u5728\u4e2a\u4eba\u5962\u4f88\u54c1\u4e0a\u7684\u652f\u51fa\u589e\u957f\u4e8624%\uff0c\u8fbe\u523021.8\u4e07\u4ebf\u97e9\u5143(232\u4ebf\u7f8e\u5143)\u3002 \u793e\u4ea4\u5a92\u4f53\u8425\u9500\u7684\u5174\u8d77\u3002\u8fd1\u5e74\u6765\uff0c\u793e\u4ea4\u5a92\u4f53\u8425\u9500\u5174\u8d77\uff0c\u54c1\u724c\u5229\u7528\u8fd9\u4e9b\u5e73\u53f0\u6765\u5438\u5f15\u66f4\u591a\u7528\u6237\u3002\u54c1\u724c\u901a\u8fc7\u5411\u540d\u4eba\u548c\u6709\u5f71\u54cd\u529b\u7684\u4eba\u53d1\u9001\u65b0\u4ea7\u54c1\u5e76\u5076\u5c14\u5411\u4ed6\u4eec\u652f\u4ed8\u8d39\u7528\u6765\u5438\u5f15\u4ed6\u4eec\u521b\u4f5c\u5185\u5bb9\u3002\u97e9\u56fd\u6d41\u884c\u6587\u5316\u7684\u6d41\u884c\u4f7f\u5f97\u9876\u7ea7\u65f6\u88c5\u516c\u53f8\u548c\u5962\u4f88\u54c1\u724c\u90fd\u7b7e\u4e0b\u4e86\u97e9\u56fd\u660e\u661f\u4f5c\u4e3a\u5f62\u8c61\u5927\u4f7f\uff0c\u5f71\u54cd\u7c89\u4e1d\u4eec\u901a\u8fc7\u5404\u79cd\u5e7f\u544a\u8d2d\u4e70\u4ee3\u8a00\u4ea7\u54c1\u3002 22\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u300222\u5e74\u4e0a\u534a\u5e74\u7684\u8425\u6536\u4e3a19\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f22%\u3002\u96f6\u552e\u989d\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u523017\u4ebf\u6b27\u5143\u3002 \u5e02\u573a\u5bf922\/23\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a\u540c\u6bd454.5%\/18.5%\uff0c\u5bf9\u5e9435.5\u500d\/30.0\u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a41.92\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a55.42\u6e2f\u5143\u3002 (Source: Bloomberg) (Source: Bloomberg) (Source: Bloomberg) \u4e2d\u56fd\u91cd\u7533\u53d1\u5c55\u53ef\u518d\u751f\u80fd\u6e90\u3002\u524d\u51e0\u5929\u4e24\u4f1a\u671f\u95f4\u53d1\u5e03\u7684\u653f\u5e9c2023\u5e74\u5de5\u4f5c\u62a5\u544a\u4e2d\u63d0\u5230\uff0c\u4e2d\u56fd\u5c06\u52a0\u5f3a\u57ce\u4e61\u73af\u5883\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\uff0c\u7ee7\u7eed\u5b9e\u65bd\u91cd\u8981\u751f\u6001\u7cfb\u7edf\u4fdd\u62a4\u548c\u4fee\u590d\u91cd\u5927\u5de5\u7a0b\u7684\u603b\u4f53\u76ee\u6807\u548c\u5efa\u8bae\u3002 22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u8425\u6536\u540c\u6bd4\u589e\u957f118.5%\u81f38.643\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a5.17\u7f8e\u5143\u300222\u5e74\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u4ea7\u91cf\u4e3a33,702\u516c\u5428\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,401\u516c\u5428\u3002\u591a\u6676\u7845\u9500\u91cf\u572822\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a23,400\u516c\u5428\uff0c\u800c\u5728\u7b2c\u4e09\u5b63\u5ea6\u4e3a33,126\u516c\u5428\u3002\u7b2c\u56db\u5b63\u5ea6\u591a\u6676\u7845\u5e73\u5747\u552e\u4ef7\u4e3a37.41\u7f8e\u5143\/\u516c\u65a4\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a36.44\u7f8e\u5143\/\u516c\u65a4\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a-37.9%\/-32.6%\uff0c\u5bf9\u5e943.2\u500d\/4.7\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a2.3\u500d\u3002\u5f6d\u535a\u793e\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a61.73\u7f8e\u5143\u3002 (Source: Bloomberg)","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"24329","title":"#post_title #separator_sa #site_title","description":"#post_excerpt","keywords":[],"keyphrases":{"focus":[],"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-670737a069f15","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"Article","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":{"locations":{"business":{"name":"","businessType":"","image":"","areaServed":"","urls":{"website":"","aboutPage":"","contactPage":""},"address":{"streetLine1":"","streetLine2":"","zipCode":"","city":"","state":"","country":"","addressFormat":"#streetLineOne\n#streetLineTwo\n#city, #state #zipCode"},"contact":{"phone":"","email":"","fax":""},"ids":{"vat":"","tax":"","chamberOfCommerce":""},"payment":{"priceRange":"","currenciesAccepted":"","methods":""}}},"openingHours":{"useDefaults":true,"show":true,"alwaysOpen":false,"use24hFormat":false,"timezone":"","labels":{"closed":"","alwaysOpen":""},"days":{"monday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"tuesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"wednesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"thursday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"friday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"saturday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"sunday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"}}}},"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2023-03-09 07:41:49","updated":"2025-06-07 00:09:03","seo_analyzer_scan_date":null},"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02-150x150.jpg?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/08\/Thumb02.jpg?wsr",300,168,false]},"uagb_author_info":{"display_name":"Keith Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/"},"uagb_comment_info":0,"uagb_excerpt":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u4e30\u76ca\u56fd\u9645 (WIL SP)\uff1a\u8f6f\u5546\u54c1\u4ef7\u683c\u4e0a\u5347 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35 \u4e30\u76ca\u56fd\u9645\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u98df\u54c1\u52a0\u5de5\u516c\u53f8\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u6cb9\u68d5\u79cd\u690d\u3001\u98df\u7528\u6cb9\u7cbe\u70bc\u3001\u7834\u788e\u548c\u589e\u76ca\u52a0\u5de5\u670d\u52a1\uff0c\u5e76\u63d0\u4f9b\u7cd6\u3001\u9762\u7c89\u548c\u5927\u7c73\u3002\u4e30\u76ca\u56fd\u9645\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002 \u98df\u7cd6\u671f\u8d27\u4ef7\u683c\u3002\u539f\u7cd6\u671f\u8d27\u5f98\u5f8a\u572821\u7f8e\u5206\u7684\u533a\u95f4\uff0c\u6700\u8fd1\u8fbe\u5230\u4e86\u6bcf\u78c522.1\u7f8e\u5206\u76846\u5e74\u9ad8\u70b9\uff0c\u539f\u56e0\u662f\u4f9b\u5e94\u7d27\u5f20\u7684\u62c5\u5fe7\uff0c\u4e2d\u56fd\u6700\u8fd1\u91cd\u65b0\u5f00\u653e\u63d0\u632f\u4e86\u5f3a\u52b2\u7684\u9700\u6c42\u9884\u671f\uff0c\u4ee5\u53ca\u5370\u5ea6\u548c\u6b27\u6d32\u7684\u751f\u4ea7\u524d\u666f\u6076\u5316\u3002\u6700\u65b0\u4f30\u8ba1\u663e\u793a\uff0c\u8fd9\u4e2a\u4e16\u754c\u7b2c\u4e8c\u5927\u98df\u7cd6\u51fa\u53e3\u56fd\u53ef\u80fd\u57282023\u5e74\u751f\u4ea73400\u4e07\u5428\u8fd9\u79cd\u5546\u54c1\uff0c\u6bd4\u4e4b\u524d\u7684\u9884\u6d4b\u4e0b\u964d7%\u3002 \u68d5\u6988\u6cb9\u671f\u8d27\u4ef7\u683c\u3002\u77ed\u671f\u5929\u6c14\u4e2d\u65ad\u53ef\u80fd\u4f1a\u5728\u77ed\u671f\u5185\u652f\u6491\u9a6c\u6765\u897f\u4e9a\u7684\u7c97\u68d5\u6988\u6cb9\u4ef7\u683c\uff0c\u56e0\u4e3a\u6301\u7eed\u7684\u6d2a\u6c34\u4f1a\u6253\u51fb\u4f9b\u5e94\u3002\u4e9a\u6d32\u68d5\u6988\u6cb9\u4e70\u5bb6\u6700\u8fd1\u4e5f\u5bfb\u6c42\u751f\u4ea7\u5546\u7a33\u5b9a\u7684\u51fa\u53e3\u653f\u7b56\uff0c\u4ee5\u51cf\u5c11\u4f9b\u5e94\u94fe\u7684\u6ce2\u52a8\u3002\u7531\u4e8e\u52b3\u52a8\u529b\u4f9b\u5e94\u6539\u5584\uff0c\u9884\u8ba123\u8d22\u5e74\u7684\u68d5\u6988\u6cb9\u4ea7\u91cf\u4e5f\u5c06\u9ad8\u4e8e22\u8d22\u5e74\u3002 \u539f\u7cd6\uff08\u7ea2\uff09\u53ca\u7c97\u68d5\u6988\u6cb9\uff08\u68d5\uff09\u671f\u8d27\u8d70\u52bf (Source: Bloomberg) FY22\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u516c\u5e0322\u8d22\u5e74\u7684\u5229\u6da6\u8fbe\u5230\u521b\u7eaa\u5f55\u768424\u4ebf\u7f8e\u5143\uff0832\u4ebf\u65b0\u5143\uff09\uff0c\u6bd42021\u8d22\u5e74\u768419\u4ebf\u7f8e\u5143\u589e\u957f27.1%\uff1b2022\u8d22\u5e74\u6838\u5fc3\u51c0\u5229\u6da6\u589e\u957f31%\u81f324.2\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u76c8\u5229\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a0.309\u7f8e\u5143\/0.329\u7f8e\u5143\uff0c\u5bf9\u5e949.52\u500d\/8.94\u500d\u8fdc\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a7.68\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.24\u65b0\u5143\u3002 (Source: Bloomberg) \u9999\u6e2f\u7f6e\u5730 (HKL SP)\uff1a\u53d7\u60e0\u201d\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.50\uff0c\u76ee\u6807\u4ef7\uff1a4.80\uff0c\u6b62\u635f\u4ef7\uff1a4.35 \u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u5927\u578b\u4e0a\u5e02\u7269\u4e1a\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u96c6\u56e2\u62e5\u6709\u548c\u7ba1\u7406\u5305\u62ec\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u5728\u4e9a\u6d32\u4e3b\u8981\u57ce\u5e02\u9762\u7684\u79ef\u8d85\u8fc785\u4e07\u5e73\u65b9\u7c73\u7684\u9ec4\u91d1\u5199\u5b57\u697c\u548c\u8c6a\u534e\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u62e5\u6709\u591a\u4e2a\u9ad8\u8d28\u91cf\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u7efc\u5408\u7528\u9014\u9879\u76ee\uff0c\u5176\u4e2d\u5305\u62ec\u5360\u5730110\u4e07\u5e73\u65b9\u82f1\u5c3a\u7684\u4e0a\u6d77\u897f\u5cb8\u7efc\u5408\u9879\u76ee\u768443%\u7684\u6743\u76ca\u3002 \u65c5\u6e38\u4e1a\u60c5\u7eea\u6539\u5584\u3002\u4f5c\u4e3a\u9999\u6e2f\u673a\u573a\u7ba1\u7406\u5c40\u4e3b\u529e\u7684\u201c\u98de\u9047\u89c1\u4e16\u754c\u5927\u8d4f\u201d\u6d3b\u52a8\u7684\u4e00\u90e8\u5206\uff0c\u56fd\u6cf0\u822a\u7a7a\u5c06\u4e3a\u4e1c\u5357\u4e9a\u5730\u533a\u7684\u5c45\u6c11\u63d0\u4f9b8\u4e07\u5f20\u514d\u8d39\u5f80\u8fd4\u9999\u6e2f\u7684\u673a\u7968\uff1b\u8be5\u6d3b\u52a8\u4e3a\u5168\u7403\u6e38\u5ba2\u63d0\u4f9b50\u4e07\u5f20\u514d\u8d39\u673a\u7968\u3002\u8fd9\u9879\u8ba1\u5212\u65e8\u5728\u652f\u6301\u9999\u6e2f\u65c5\u6e38\u53d1\u5c55\u5c40\u7684\u201c\u4f60\u597d\u9999\u6e2f\u201d\u5ba3\u4f20\u6d3b\u52a8\uff0c\u6b22\u8fce\u6e38\u5ba2\u5728\u53d6\u6d88\u65c5\u6e38\u9650\u5236\u540e\u56de\u5230\u9999\u6e2f\u65c5\u6e38\u3002\u8fd9\u65e0\u7591\u4f1a\u8fdb\u4e00\u6b65\u6709\u6548\u5730\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u9700\u6c42\u3002 \u53d6\u6d88\u53e3\u7f69\u4ee4\u3002\u9999\u6e2f\u6700\u8fd1\u5ba3\u5e03\u53d6\u6d88\u4f69\u6234\u53e3\u7f69\u7684\u89c4\u5b9a\u3002\u8fd9\u4e00\u51b3\u5b9a\u65e8\u5728\u5438\u5f15\u6e38\u5ba2\u548c\u4f01\u4e1a\uff0c\u6062\u590d\u6b63\u5e38\u751f\u6d3b\u3002\u4e09\u5e74\u591a\u524d\uff0c\u8fd9\u4e2a\u91d1\u878d\u4e2d\u5fc3\u6700\u521d\u5b9e\u65bd\u4e86\u4e25\u683c\u7684\u76d1\u7ba1\u3002\u8fd9\u663e\u793a\u4e86\u8be5\u56fd\u6b63\u5728\u6446\u8131\u5927\u6d41\u884c\u7684\u4fe1\u5fc3\u548c\u529b\u91cf\u3002\u968f\u7740\u66f4\u591a\u7684\u6d3b\u52a8\u6062\u590d\u5230\u5927\u6d41\u884c\u524d\u7684\u6c34\u5e73\uff0c\u8fd9\u4e5f\u5fc5\u5c06\u63a8\u52a8\u9999\u6e2f\u7684\u65c5\u6e38\u4e1a\u6c34\u5e73\u3002 22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u300222\u8d22\u5e74\u57fa\u672c\u5229\u6da6\u540c\u6bd4\u4e0b\u964d20%\uff0c\u4ece21\u8d22\u5e74\u76849.66\u4ebf\u65b0\u5143\u964d\u81f37.76\u4ebf\u65b0\u5143\u3002\u5e74\u5ea6\u51c0\u5229\u6da6\u4e3a2.03\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u5305\u62ec\u56e0\u96c6\u56e2\u6295\u8d44\u7269\u4e1a\u4f30\u503c\u964d\u4f4e\u800c\u9020\u6210\u76845.734\u4ebf\u7f8e\u5143\u975e\u73b0\u91d1\u4e8f\u635f\u3002 \u5e02\u573a\u5bf923\/24\u8d22\u5e74\u6bcf\u80a1\u6536\u76ca\u589e\u957f\u7684\u6700\u65b0\u5171\u8bc6\u5206\u522b\u4e3a14.8%\/5.2%\uff0c\u5bf9\u5e9411.5\u500d\/10.9\u500d\u7684\u9884\u671f\u5e02\u76c8\u7387\u3002\u5f53\u524d\u5e02\u76c8\u7387\u4e3a13.5\u500d\u3002\u5f6d\u535a(Bloomberg)\u4e00\u81f4\u8ba4\u4e3a12\u4e2a\u6708\u5e73\u5747\u76ee\u6807\u4ef7\u4e3a5.19\u65b0\u5143\u3002 (Source: Bloomberg) \u666e\u62c9\u8fbe (1913 HK)\uff1a\u6602\u8d35\u55dc\u597d \u91cd\u7533\u4e70\u5165\u4ef7\uff1a52.0\uff0c\u76ee\u6807\u4ef7\uff1a56.0\uff0c\u6b62\u635f\u4ef7\uff1a50.0 \u666e\u62c9\u8fbe\u662f\u4e00\u5bb6\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u4ece\u4e8b\u65f6\u5c1a\u884c\u4e1a\u7684\u516c\u53f8\u3002\u516c\u53f8\u662f\u666e\u62c9\u8fbe\u96c6\u56e2\u7684\u6bcd\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u9644\u5c5e\u516c\u53f8\u4ece\u4e8b\u76ae\u5177\u3001\u624b\u888b\u3001\u670d\u88c5\u3001\u773c\u955c\u3001\u9999\u6c34\u3001\u978b\u7c7b\u53ca\u914d\u4ef6\u7684\u8bbe\u8ba1\u3001\u751f\u4ea7\u53ca\u5206\u9500\u3002\u666e\u62c9\u8fbeSpA\u751f\u4ea7\u5939\u514b\u3001\u88e4\u5b50\u3001\u88d9\u5b50\u3001\u8fde\u8863\u88d9\u3001\u6bdb\u8863\u3001\u886c\u886b\uff0c\u4ee5\u53ca\u9999\u6c34\u548c\u624b\u8868\u7b49\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u591a\u4e2a\u54c1\u724c\u8fdb\u884c\u4ea7\u54c1\u4ea4\u6613\uff0c\u5982\u666e\u62c9\u8fbe\u3001Miu Miu\u3001The Church\u548cThe Car Shoe\u3002Prada SpA\u901a\u8fc7\u76f4\u8425\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u3001\u7cbe\u9009\u591a\u54c1\u724c\u5e97\u548c\u767e\u8d27\u516c\u53f8\u7f51\u7edc\u5728\u5168\u7403\u7ea670\u4e2a\u56fd\u5bb6\u5f00\u5c55\u4e1a\u52a1\u3002\u666e\u62c9\u8fbe\u6c34\u7597\u4e2d\u5fc3\u901a\u8fc7\u4f17\u591a\u5b50\u516c\u53f8\u8fd0\u8425\uff0c\u5305\u62ecArtisans Shoes Srl\u3001Angelo Marchesi Srl\u3001Prada Far East BV\u3001Tannerie Megisserie Hervy SAS\u548cPrada SA\u7b49\u3002&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/24329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=24329"}],"version-history":[{"count":4,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/24329\/revisions"}],"predecessor-version":[{"id":24392,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/24329\/revisions\/24392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/18710"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=24329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=24329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=24329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}