{"id":28059,"date":"2023-06-05T07:35:00","date_gmt":"2023-06-04T23:35:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=28059"},"modified":"2023-06-05T10:12:39","modified_gmt":"2023-06-05T02:12:39","slug":"kgi-daily-trading-ideas-05-jun-2023-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-05-jun-2023-zh\/","title":{"rendered":"2023\u5e7406\u670805\u65e5: REX\u56fd\u9645 (REXI SP),\u91d1\u5c71\u8f6f\u4ef6 (3888 HK), Enphase \u80fd\u6e90 (ENPH 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\"><strong>REX\u56fd\u9645 (REXI SP)\uff1a\u6cb9\u4ef7\u53cd\u5f39<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.165\uff0c\u76ee\u6807\u4ef7\uff1a0.195\uff0c\u6b62\u635f\u4ef7\uff1a0.150<\/strong><\/li><li>\u516c\u53f8\u662f\u4e00\u5bb6\u72ec\u7acb\u7684\u77f3\u6cb9\u52d8\u63a2\u548c\u751f\u4ea7\u516c\u53f8\u3002\u5b83\u7684\u4e1a\u52a1\u5305\u62ec\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u90e8\u95e8\u4ee5\u53ca\u975e\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u90e8\u95e8\u3002\u8be5\u516c\u53f8\u63d0\u4f9bRex Virtual Drilling\uff0c\u4e00\u79cd\u6db2\u4f53\u78b3\u6c22\u5316\u5408\u7269\u6307\u793a\u5668\uff0c\u5229\u7528\u5730\u9707\u6570\u636e\u5bfb\u627e\u77f3\u6cb9\u3002\u8be5\u516c\u53f8\u4ece\u4e8b\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u548c\u751f\u4ea7\u6d3b\u52a8\uff0c\u5176\u4e1a\u52a1\u91cd\u5fc3\u5728\u963f\u66fc\u548c\u632a\u5a01\u3002<\/li><li><strong>\u5f3a\u52b2\u7684\u975e\u519c\u5c31\u4e1a\u6570\u636e\u63a8\u52a8\u6cb9\u4ef7\u53cd\u5f39\u3002<\/strong>\u5e03\u4f26\u7279\u539f\u6cb9\u4ef7\u683c\u4e0a\u6da82.63%\uff0c\u81f376.20\u7f8e\u5143\/\u6876\uff0c\u7f8e\u56fd\u897f\u5fb7\u514b\u8428\u65af\u4e2d\u8d28\u539f\u6cb9\u4ef7\u683c\u4e0a\u6da82.45%\uff0c\u81f371.83\u7f8e\u5143\/\u6876\u3002\u8fd9\u4e24\u5929\u7684\u53cd\u5f39\u662f\u7531\u503a\u52a1\u4e0a\u9650\u7684\u63d0\u9ad8\u548c\u5f3a\u52b2\u76845\u6708\u4efd\u975e\u519c\u5c31\u4e1a\u6570\u636e\u63a8\u52a8\u7684\u3002\u968f\u7740\u7f8e\u56fd\u52b3\u52a8\u529b\u5e02\u573a\u4fdd\u6301\u5065\u5eb7\uff0c\u652f\u6491\u597d\u4e8e\u9884\u671f\u7684\u77f3\u6cb9\u9700\u6c42\u524d\u666f\uff0c\u5bf9\u7f8e\u56fd\u8fd1\u671f\u8870\u9000\u7684\u62c5\u5fe7\u6709\u6240\u7f13\u89e3\u3002<\/li><li><strong>\u989d\u5916100\u4e07\u6876\/\u5929\u7684\u51cf\u4ea7\u3002<\/strong>\u77f3\u6cb9\u8f93\u51fa\u56fd\u7ec4\u7ec7\u53ca\u5176\u975e\u6210\u5458\u56fd (OPEC+) \u5468\u65e5\u5728\u7ef4\u4e5f\u7eb3\u53ec\u5f00\u4f1a\u8bae\uff0c\u8ba8\u8bba\u5168\u7403\u77f3\u6cb9\u524d\u666f\u548c\u53ef\u80fd\u518d\u51cf\u4ea7100\u4e07\u6876\/\u5929\u3002\u5468\u4e00\u4e0a\u5348\uff0c\u6c99\u7279\u51b3\u5b9a\u524a\u51cf100\u4e07\u6876\/\u5929\u7684\u77f3\u6cb9\u4ea7\u91cf\u3002\u6b64\u524d\uff0cOPEC+\u540c\u610f\u57284\u6708\u4efd\u81ea\u613f\u51cf\u4ea7100\u591a\u4e07\u6876\/\u5929\u3002<\/li><li><strong>\u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u3002<\/strong>\u968f\u7740REXI\u7684\u5b50\u516c\u53f8Lime Petroleum AS\u6700\u8fd1\u83b7\u5f97\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u7684\u6279\u51c6\uff0c\u8be5\u516c\u53f8\u5c06\u80fd\u591f\u5728\u632a\u5a01\u627e\u5230\u5e76\u5f00\u53d1\u65b0\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u6765\u6e90\u3002\u8fd9\u4e0d\u4ec5\u53ef\u4ee5\u901a\u8fc7\u5f00\u53d1\u65b0\u8d44\u6e90\u800c\u4e0d\u662f\u4ec5\u4ec5\u4f9d\u8d56\u73b0\u6709\u50a8\u91cf\u6765\u6269\u5927\u5176\u5728\u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u4f9b\u5e94\uff0c\u800c\u4e14\u8fd8\u6709\u52a9\u4e8e\u6539\u5584\u5176\u4f9b\u5e94\u94fe\uff0c\u56e0\u4e3a\u5b83\u73b0\u5728\u4e0d\u518d\u4f9d\u8d56\u5916\u90e8\u5229\u76ca\u76f8\u5173\u8005\u6765\u83b7\u53d6\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u3002\u603b\u7684\u6765\u8bf4\uff0c\u867d\u7136\u6b64\u6b21\u6279\u51c6\u53ef\u80fd\u4e0d\u4f1a\u4ea7\u751f\u7acb\u7aff\u89c1\u5f71\u7684\u6548\u679c\uff0c\u4f46\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u5b83\u5c06\u5bf9REXI\u5927\u6709\u88e8\u76ca\u3002<\/li><li><strong>\u8ba1\u5212\u5728\u9a6c\u6765\u897f\u4e9a\u5f00\u53d1\u6cb9\u7530\u3002<\/strong>\u4e0e\u9a6c\u6765\u897f\u4e9a\u56fd\u6709\u7684\u9a6c\u6765\u897f\u4e9a\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8(Petronas)\u5c31\u5f00\u53d1\u9a6c\u6765\u897f\u4e9a\u6cb9\u7530\u7684\u9879\u76ee\u8fbe\u6210\u534f\u8bae\u3002\u867d\u7136\u76ee\u524d\u7684\u6210\u672c\u4e0d\u5141\u8bb8REXI\u6709\u6548\u5730\u5229\u7528\u8be5\u534f\u8bae\u7684\u597d\u5904\uff0c\u4f46\u6211\u4eec\u76f8\u4fe1\uff0c\u5b83\u5c06\u80fd\u591f\u5728\u672a\u6765\u4ece\u5df2\u5f00\u53d1\u7684\u6cb9\u7530\u4e2d\u53d7\u76ca\uff0c\u4f7f\u516c\u53f8\u80fd\u591f\u5728\u540c\u884c\u4e2d\u53d1\u5c55\u7ade\u4e89\u4f18\u52bf\u3002<\/li><li><strong>22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u516c\u53f8\u57282022\u5e74\u4e8f\u635f100\u4e07\u7f8e\u5143\uff0c\u800c2022\u5e74\u51c0\u5229\u6da6\u4e3a6,720\u4e07\u7f8e\u5143\u300222\u8d22\u5e74\u539f\u6cb9\u9500\u552e\u6536\u5165\u589e\u957f7%\uff0c\u8fbe\u52301.703\u4ebf\u7f8e\u5143\u3002<\/li><li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-18.png\" alt=\"\" class=\"wp-image-28111\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-18.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-18-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"620\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-19-1024x620.png\" alt=\"\" class=\"wp-image-28112\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-19-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-19-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-19-768x465.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-19.png 1230w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-23.png\" alt=\"\" class=\"wp-image-28193\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-23.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-23-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-23-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u5821\u5792\u77ff\u4e1a (FMIL SP)\uff1a\u66f4\u591a\u8d44\u6e90\u6709\u5f85\u53d1\u73b0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u65b0\u4e70\u5165\u4ef7\uff1a0.35\uff0c\u76ee\u6807\u4ef7\uff1a0.39\uff0c\u6b62\u635f\u4ef7\uff1a0.46<\/strong><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>\u5821\u5792\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u5f00\u91c7\u3001\u52a0\u5de5\u548c\u5206\u9500\u94c1\u77ff\u77f3\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u94c1\u77ff\u77f3\u7cbe\u77ff\u7684\u52d8\u63a2\u3001\u5f00\u91c7\u3001\u751f\u4ea7\u548c\u5206\u9500\u3002\u516c\u53f8\u670d\u52a1\u4e8e\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5ba2\u6237\u3002<\/li><li><strong>\u94c1\u77ff\u8d44\u6e90\u50a8\u91cf\u4e30\u5bcc\u3002<\/strong>\u516c\u53f8l\u5728\u4e1c\u5357\u4e9a\u5730\u533a\u7684\u884c\u4e1a\u4e2d\u5efa\u7acb\u4e86\u575a\u5b9e\u7684\u57fa\u7840\uff0c\u76ee\u524d\u67092\u4e2a\u5927\u578b\u9879\u76ee\u6765\u63a8\u52a8\u6536\u5165\u3002\u4ed6\u4eec\u5728\u6b66\u5409\u8d1d\u897f\u548c\u5b5f\u52a0\u5e03\u5c14\u7684\u77ff\u5c71\u5171\u67091477.88\u516c\u9877\u7684\u53ef\u7528\u91c7\u77ff\u548c\u52d8\u63a2\u7528\u5730\uff0c\u6307\u793a\u548c\u63a8\u65ad\u7684\u94c1\u8d44\u6e90\u4e3a8.83\u516c\u5428\uff0c\u6307\u793a\u548c\u63a8\u65ad\u7684\u94dc\u8d44\u6e90\u4e3a35.89\u516c\u5428\u3002\u8fc4\u4eca\u4e3a\u6b62\uff0c\u6b66\u5409\u8d1d\u897f\u7ea615%\u7684\u5730\u8868\u5df2\u88ab\u52d8\u63a2\uff0c\u5176\u201cCASB\u201d\u77ff\u5c71\u4ec5\u5bf9\u8868\u5c42\u571f\u58e4\u8fdb\u884c\u4e86\u5904\u7406\u3002<\/li><li><strong>\u63d0\u5347\u7684\u6f5c\u529b\u3002<\/strong>\u8be5\u516c\u53f8\u8fd8\u5ba3\u5e03\u4e86\u5728\u4e1c\u9a6c\u6765\u897f\u4e9a\u6c99\u5df4\u5dde\u7684\u4e24\u4e2a\u65b0\u9879\u76ee\u3002\u8fd9\u4e3a\u516c\u53f8\u589e\u52a0\u4e8644,000\u516c\u9877\u7684\u989d\u5916\u52d8\u63a2\u571f\u5730\uff0c\u4ee5\u53ca4\u79cd\u65b0\u7684\u5173\u952e\u77ff\u4ea7\uff0c\u4ee5\u63a8\u52a8\u672a\u6765\u7684\u6536\u5165\u3002\u8fd9\u53ef\u80fd\u4e3a\u516c\u53f8\u63d0\u4f9b\u989d\u5916300%\u7684\u571f\u5730\u7a7a\u95f4\uff0c\u4e3a\u516c\u53f8\u5e26\u6765\u66f4\u591a\u7684\u6536\u5165\u6765\u6e90\uff0c\u5305\u62ec\u94c1\u77ff\u77f3\u548c\u94dc\u7b494\u79cd\u65b0\u7684\u5173\u952e\u77ff\u7269\u7684\u5f00\u91c7\u3002<\/li><li><strong>\u4ea7\u54c1\u591a\u6837\u5316\u3002<\/strong>\u516c\u53f8\u7684\u4e24\u4e2a\u65b0\u9879\u76ee\u4f7f\u8be5\u516c\u53f8\u5728\u73b0\u6709\u7684\u94c1\u548c\u94dc\u4e4b\u5916\uff0c\u8fd8\u63a5\u89e6\u5230\u4e86\u65b0\u7684\u77ff\u7269\uff0c\u5373\u954d\u3001\u94b4\u3001\u950c\u548c\u65b9\u94c5\u77ff\u3002\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u8fd9\u4e3a\u516c\u53f8\u589e\u52a0\u4e86\u65b0\u7684\u6536\u5165\u9a71\u52a8\u56e0\u7d20\u3002\u9664\u4e86\u76ee\u524d\u7684\u94c1\u77ff\u77f3\u9500\u552e\u5916\uff0c\u516c\u53f8\u8fd8\u8ba1\u5212\u57282\u81f33\u5e74\u5185\u5f00\u59cb\u9500\u552e\u94dc\u3002<\/li><li><strong>23\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u8be5\u516c\u53f8\u62a5\u544a\u79f0\uff0c\u7531\u4e8e\u6536\u5165\u548c\u9500\u91cf\u7684\u589e\u957f\uff0c2023\u8d22\u5e74\u4e1a\u7ee9\u66f4\u4e3a\u5f3a\u52b2\u3002\u6536\u5165\u540c\u6bd4\u589e\u957f23.5%\uff0c\u81f35,350\u4e07\u7f8e\u5143\uff0c\u800c2022\u8d22\u5e74\u7684\u6536\u5165\u4e3a4,340\u4e07\u7f8e\u5143\u3002\u7531\u4e8e\u751f\u4ea7\u80fd\u529b\u6b63\u5e38\u5316\uff0c2023\u8d22\u5e74\u7684\u9500\u91cf\u589e\u957f52.8%\uff0c\u8fbe\u5230546,000\u5e72\u516c\u5428\uff0c\u800c2022\u8d22\u5e74\u4e3a357,000 \u5e72\u516c\u5428\u3002<\/li><li><strong>\u6280\u672f\u9762\u76ee\u6807\u4e3a0.35\u65b0\u5143\uff1b\u57fa\u672c\u9762\u76ee\u6807\u4e3a0.46\u65b0\u5143\u3002<\/strong>\u867d\u7136\u57fa\u4e8e\u77ed\u671f\u6280\u672f\u56e0\u7d20\uff0c\u6211\u4eec\u7684\u6280\u672f\u9762\u76ee\u6807\u4ef7\u4e3a0.35\u65b0\u5143\uff0c\u4f46\u57fa\u4e8e\u6df7\u5408\u4f30\u503c\uff0c\u4f7f\u7528\u8d34\u73b0\u73b0\u91d1\u6d41(DCF)\uff0c\u7ec8\u7aef\u589e\u957f\u7387\u4e3a2%\uff0cWACC\u4e3a10%\uff0c\u4ee5\u53ca\u4f7f\u7528\u884c\u4e1aEV\/\u8d44\u6e90\u500d\u6570\u4e3a3.6\u500d\u7684\u53ef\u6bd4\u8f83\u4f30\u503c\u500d\u6570\uff0c\u6211\u4eec\u7ef4\u6301\u57fa\u4e8e\u57fa\u672c\u9762\u7684\u76ee\u6807\u4ef7\u4e3a0.46\u65b0\u5143\u3002\u5728\u8fd9\u91cc\u9605\u8bfb\u57fa\u4e8e\u57fa\u672c\u9762\u7684<a href=\"https:\/\/www.kgieworld.sg\/securities\/resources\/ck\/files\/docs\/securities\/Fortress%20Minerals%20Report_Final%2020230530.pdf\">\u5b8c\u6574\u62a5\u544a<\/a>\u3002<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"620\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-20-1024x620.png\" alt=\"\" class=\"wp-image-28113\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-20-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-20-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-20-768x465.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/image-20.png 1230w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h5 class=\"has-text-align-center wp-block-heading\">(Source: Bloomberg)<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"blob:https:\/\/www.kgieworld.sg\/0892157d-c952-4370-9e51-a0de200a1946\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-28059-_f3bvj0c8rd86\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-14.png\" class=\"wp-image-28135\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-28059-_rifxsdesk3jg\"><\/a>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_7c40s88bbapr\"><\/a><strong>\u91d1\u5c71\u8f6f\u4ef6 (3888 HK)\uff1a\u9884\u8ba1\u5728\u5373\u5c06\u5230\u6765\u7684\u7f51\u4e0a\u8d2d\u7269\u72c2\u6f6e\u4e2d\u4f1a\u51fa\u73b0\u9500\u552e\u70ed\u6f6e<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a31.0\uff0c\u76ee\u6807\u4ef7\uff1a36.0\uff0c\u6b62\u635f\u4ef7\uff1a28.5<\/strong>\n  <\/li><li>\n    \u91d1\u5c71\u8f6f\u4ef6\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u4e24\u4e2a\u4e1a\u52a1\u90e8\u95e8\u8fd0\u8425\u4e1a\u52a1\u3002\u5a31\u4e50\u8f6f\u4ef6\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u7814\u7a76\u53ca\u5f00\u53d1\u7f51\u7edc\u6e38\u620f\u4ee5\u53ca\u63d0\u4f9b\u7f51\u7edc\u6e38\u620f\u3001\u624b\u673a\u6e38\u620f\u53ca\u4f11\u95f2\u6e38\u620f\u670d\u52a1\u4e1a\u52a1\u3002\u529e\u516c\u8f6f\u4ef6\u5206\u90e8\u4e3b\u8981\u63d0\u4f9b\u8bbe\u8ba1\u3001\u7814\u7a76\u3001\u5f00\u53d1\u4ee5\u53ca\u9500\u552e\u63a8\u5e7f\u529e\u516c\u8f6f\u4ef6\u4ea7\u54c1\u53ca\u670d\u52a1\u3002\u8be5\u516c\u53f8\u8fd8\u63d0\u4f9b\u5305\u62ec\u4e91\u8ba1\u7b97\u673a\u3001\u5b58\u50a8\u548c\u4ea4\u4ed8\u3001\u4ee5\u53ca\u57fa\u4e8e\u4e91\u7684\u7efc\u5408\u89e3\u51b3\u65b9\u6848\u670d\u52a1\u3002\n  <\/li><li><strong>\u63a8\u51fa\u6587\u5b57\u5904\u7406\u8f6f\u4ef6(WPS) AI\u3002<\/strong>\u8be5\u516c\u53f8\u6700\u8fd1\u900f\u9732\uff0c\u5373\u5c06\u63a8\u51fa\u4e00\u6b3e\u540d\u4e3aWPS AI\u7684\u751f\u6210\u5f0f\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u3002\u8fd9\u4e00\u521b\u65b0\u5de5\u5177\u6700\u521d\u5c06\u88ab\u6574\u5408\u5230\u65b0\u4e00\u4ee3\u5728\u7ebf\u5185\u5bb9\u534f\u540c\u7f16\u8f91\u5de5\u5177\u201c\u8f7b\u6587\u6863\u201d\u4e2d\uff0c\u6700\u7ec8\u5c06\u88ab\u6574\u5408\u5230\u91d1\u5c71\u529e\u516c\u7684\u6574\u4e2a\u4ea7\u54c1\u7cfb\u5217\u4e2d\u3002\u51ed\u501f\u57fa\u4e8e\u63d0\u793a\u751f\u6210\u7535\u5b50\u90ae\u4ef6\u548c\u6587\u7ae0\uff0c\u6267\u884c\u591a\u8bed\u8a00\u7ffb\u8bd1\u4ee5\u53ca\u5236\u4f5c\u5e7f\u544a\u6807\u8bed\u7b49\u529f\u80fd\uff0c\u8be5\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u4f7f\u516c\u53f8\u80fd\u591f\u5145\u5206\u5229\u7528\u884c\u4e1a\u5bf9\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u3002\n  <\/li><li><strong>\u66ff\u4ee3\u56fd\u5916\u8f6f\u3001\u786c\u4ef6\u3002<\/strong>\u4ece2022\u5e74\u5f00\u59cb\uff0c\u4e2d\u56fd\u4e2d\u592e\u653f\u5e9c\u5f53\u5c40\u53d1\u5e03\u4e86\u4e00\u9879\u6307\u4ee4\uff0c\u6307\u793a\u653f\u5e9c\u673a\u6784\u3001\u56fd\u6709\u548c\u56fd\u6709\u652f\u6301\u7684\u4f01\u4e1a\u5728\u4e24\u5e74\u7684\u65f6\u95f4\u5185\u505c\u6b62\u4f7f\u7528\u5916\u56fd\u54c1\u724c\u7684\u8ba1\u7b97\u673a\u548c\u8f6f\u4ef6\u3002\u5b83\u4eec\u5c06\u88ab\u56fd\u5185\u5f00\u53d1\u7684\u786c\u4ef6\u548c\u8f6f\u4ef6\u6240\u53d6\u4ee3\u3002\u8fd9\u9879\u96c4\u5fc3\u52c3\u52c3\u7684\u8ba1\u5212\u65e8\u5728\u66f4\u6362\u81f3\u5c115000\u4e07\u53f0\u4e2d\u592e\u653f\u5e9c\u673a\u6784\u4e13\u7528\u7684\u4e2a\u4eba\u7535\u8111\u3002\u8fd9\u4e00\u6307\u4ee4\u80cc\u540e\u7684\u76ee\u6807\u662f\u5c06\u4e2d\u56fd\u8d44\u672c\u4fdd\u7559\u5728\u56fd\u5185\uff0c\u5e76\u5c3d\u91cf\u51cf\u5c11\u5176\u6d41\u5411\u5916\u56fd\u516c\u53f8\u3002\u6b64\u5916\uff0c\u5b83\u8fd8\u5bfb\u6c42\u5efa\u7acb\u4e2d\u56fd\u5728\u6280\u672f\u5f00\u53d1\u548c\u5236\u9020\u4e1a\u65b9\u9762\u7684\u81ea\u529b\u66f4\u751f\u3002\u7531\u4e8e\u8fd9\u4e00\u8ba1\u5212\uff0c\u4e2d\u56fd\u5bf9\u56fd\u4ea7\u8f6f\u4ef6\u7684\u9700\u6c42\u9884\u8ba1\u5c06\u6fc0\u589e\uff0c\u4ece\u800c\u63a8\u52a8\u91d1\u5c71\u8f6f\u4ef6\u5728\u8f6f\u4ef6\u9886\u57df\u7684\u6536\u5165\u589e\u957f\u3002\n  <\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u516c\u53f8\u8425\u6536\u540c\u6bd4\u589e\u957f6.0%\u81f319.7\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c21\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a18.53\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u6da896%\u81f3\u4eba\u6c11\u5e011.923\u4ebf\u5143\uff0c\u800c21\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a\u4eba\u6c11\u5e019,810\u4e07\u5143\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u540c\u6bd4\u589e\u957f100.0%\u81f30.14\u5143\uff0c\u800c21\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a0.07\u5143\u3002\n  <\/li><li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-15.png\" alt=\"\" class=\"wp-image-28136\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-15-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"745\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-16.png\" alt=\"\" class=\"wp-image-28137\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-16.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-16-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-16-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-16-768x465.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-28059-_pxc2fm1xtn57\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-17.png\" class=\"wp-image-28138\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-28059-_bohld8ikzkys\"><\/a>\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_ghdljg5bozgd\"><\/a><strong>\u5feb\u624b\u79d1\u6280 (1024 HK)\uff1a\u9884\u8ba1\u5728\u5373\u5c06\u5230\u6765\u7684\u7f51\u4e0a\u8d2d\u7269\u72c2\u6f6e\u4e2d\u4f1a\u51fa\u73b0\u9500\u552e\u70ed\u6f6e<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u91cd\u65b0\u4e70\u5165\u4ef7\uff1a\u4e70\u5165\u4ef7\uff1a54.0\uff0c\u76ee\u6807\u4ef7\uff1a59.0\uff0c\u6b62\u635f\u4ef7\uff1a51.5<\/strong>\n  <\/li><li>\n    \u5feb\u624b\u79d1\u6280\u662f\u4e00\u5bb6\u4e3b\u8981\u8fd0\u8425\u5185\u5bb9\u793e\u533a\u548c\u793e\u4ea4\u5e73\u53f0\u7684\u4e2d\u56fd\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u63d0\u4f9b\u76f4\u64ad\u670d\u52a1\u3001\u7ebf\u4e0a\u8425\u9500\u670d\u52a1\u53ca\u5176\u4ed6\u670d\u52a1\u3002\u5176\u4e2d\u7ebf\u4e0a\u8425\u9500\u89e3\u51b3\u65b9\u6848\u5305\u62ec\u5e7f\u544a\u670d\u52a1\u3001\u5feb\u624b\u7c89\u6761\u53ca\u5176\u4ed6\u8425\u9500\u670d\u52a1\u3002\u5176\u4ed6\u670d\u52a1\u5305\u62ec\u7535\u5546\u3001\u7f51\u7edc\u6e38\u620f\u53ca\u5176\u4ed6\u589e\u503c\u670d\u52a1\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u4e8e\u56fd\u5185\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002\n  <\/li><li><strong>\u76f4\u64ad\u5e26\u8d27\u589e\u957f\u3002<\/strong>\u6839\u636eCoresight Research\u7684\u62a5\u544a\uff0c\u4e2d\u56fd\u7684\u5728\u7ebf\u76f4\u64ad\u8d2d\u7269\u5e02\u573a\u6b63\u5728\u7ecf\u5386\u663e\u7740\u589e\u957f\uff0c\u52302022\u5c06\u8fbe\u52304,970\u4ebf\u7f8e\u5143\u3002\u8fd9\u79cd\u4e0a\u5347\u8d8b\u52bf\u53ef\u4ee5\u5f52\u56e0\u4e8e\u6d88\u8d39\u8005\u8d8a\u6765\u8d8a\u91cd\u89c6\u81ea\u5df1\u7684\u65f6\u95f4\uff0c\u9009\u62e9\u968f\u65f6\u968f\u5730\u89c2\u770b\u76f4\u64ad\u8d2d\u7269\u7684\u4fbf\u5229\u6027\uff0c\u800c\u4e0d\u662f\u7b80\u5355\u5730\u5728\u7f51\u4e0a\u6d4f\u89c8\u4ea7\u54c1\u6216\u53bb\u5b9e\u4f53\u5e97\u8d2d\u7269\u3002\n  <\/li><li><strong>\u5373\u5c06\u5230\u6765\u76846\u670818\u65e5\u8d2d\u7269\u8282\u3002<\/strong>\u4e3a\u4e86\u8fce\u63a5\u4e00\u5e74\u4e00\u5ea6\u7684\u201c\u516d\u4e00\u516b\u201d\u8d2d\u7269\u72c2\u6b22\u8282\uff0c\u4e2d\u56fd\u5404\u5927\u7535\u5546\u5e73\u53f0\u5df2\u7ecf\u5f00\u59cb\u9884\u552e\u3002\u4eca\u5e74\uff0c\u8fd9\u4e9b\u5e73\u53f0\u63a8\u51fa\u4e86\u66f4\u5e7f\u6cdb\u7684\u4fc3\u9500\u6d3b\u52a8\u548c\u76f4\u63a5\u8865\u8d34\uff0c\u7b80\u5316\u4e86\u4fc3\u9500\u65b9\u5f0f\u3002\u4e70\u5bb6\u4e0d\u518d\u9700\u8981\u8fdb\u884c\u590d\u6742\u7684\u8ba1\u7b97\u6216\u5408\u5e76\u591a\u4e2a\u8ba2\u5355\u4ee5\u83b7\u5f97\u6298\u6263\u3002\u6b64\u5916\uff0c\u57286\u670818\u65e5\u7684\u8d2d\u7269\u8282\u671f\u95f4\uff0c\u76f4\u64ad\u5e26\u8d27\u7ee7\u7eed\u53d1\u6325\u7740\u81f3\u5173\u91cd\u8981\u7684\u4f5c\u7528\u3002\u6296\u97f3\u548c\u5feb\u624b\u7b49\u77ed\u89c6\u9891\u5e73\u53f0\u589e\u52a0\u4e86\u8865\u8d34\uff0c\u4ee5\u5438\u5f15\u66f4\u591a\u6d41\u91cf\uff0c\u4e0e\u7535\u5546\u5e73\u53f0\u7ade\u4e89\u3002\u603b\u4f53\u800c\u8a00\uff0c\u8fd9\u4e00\u4fc3\u9500\u6d3b\u52a8\u6709\u671b\u523a\u6fc0\u7b2c\u4e8c\u5b63\u5ea6\u7684\u6d88\u8d39\u589e\u957f\u3002\n  <\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e00\u5b63\u4e1a\u7ee9\u3002<\/strong>\u8be5\u516c\u53f8\u7b2c\u4e00\u5b63\u5ea6\u8c03\u6574\u540e\u51c0\u5229\u6da6\u4e3a4,200\u4e07\u5143\u4eba\u6c11\u5e01\uff08\u54084,680\u4e07\u6e2f\u5143\uff09\uff0c\u8fd9\u662f\u81ea2021\u5e74\u5728\u9999\u6e2f\u4e0a\u5e02\u4ee5\u6765\u7684\u9996\u6b21\u76c8\u5229\uff0c\u800c\u4e00\u5e74\u524d\u51c0\u4e8f\u635f\u4e3a37\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u672c\u5b63\u8425\u6536\u589e\u81f3\u4eba\u6c11\u5e01252\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f20%\u3002\u8be5\u516c\u53f8\u8fd8\u900f\u9732\uff0c\u8ba1\u5212\u5728\u516c\u53f8\u5e74\u5ea6\u80a1\u4e1c\u5927\u4f1a\u7ed3\u675f\u524d\u56de\u8d2d\u81f3\u591a\u4ef7\u503c40\u4ebf\u6e2f\u5143\u7684\u80a1\u7968\u3002\n  <\/li><li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-18.png\" alt=\"\" class=\"wp-image-28139\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-18.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-18-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"745\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-19.png\" alt=\"\" class=\"wp-image-28140\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-19.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-19-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-19-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-19-768x465.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<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-20.png\" alt=\"\" class=\"wp-image-28141\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-20-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-28059-_6xzuwbi3dcr\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-21.png\" class=\"wp-image-28142\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-21.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-21-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-21-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_ix0349ru0nhz\"><\/a><a id=\"post-28059-_kdds7yxu5d8z\"><\/a><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_ta8yf5d9b7xb\"><\/a><strong>Enphase \u80fd\u6e90 (ENPH US)\uff1a\u9700\u6c42\u589e\u52a0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u4e70\u5165\u4ef7\uff1a180\uff0c\u76ee\u6807\u4ef7\uff1a200\uff0c\u6b62\u635f\u4ef7\uff1a170<\/strong>\n  <\/li><li>\n    Enphase\u80fd\u6e90\u516c\u53f8\u751f\u4ea7\u592a\u9633\u80fd\u8bbe\u5907\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u5bb6\u5ead\u548c\u5546\u4e1a\u592a\u9633\u80fd\u548c\u5b58\u50a8\u89e3\u51b3\u65b9\u6848\u3002Enphase Energy\u4e3a\u7f8e\u56fd\u7684\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002\n  <\/li><li><strong>\u6269\u5927\u5728\u6b27\u6d32\u7684\u4e1a\u52a1\u3002<\/strong>Enphase\u6b63\u5728\u6269\u5927\u4e0eNatec\u7684\u5173\u7cfb\uff0c\u5e76\u52aa\u529b\u6ee1\u8db3\u6b27\u6d32\u5bf9\u5176\u592a\u9633\u80fd\u4ea7\u54c1\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u3002Enphase\u4e0e\u592a\u9633\u80fd\u548c\u7535\u6c60\u4ea7\u54c1\u6279\u53d1\u5546Natec\u5408\u4f5c\uff0c\u5728\u6b27\u6d32\u5404\u5730\u5206\u9500IQ\u5fae\u578b\u9006\u53d8\u5668\u548cIQ\u7535\u6c60\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u5176\u5728\u7f57\u9a6c\u5c3c\u4e9a\u7684\u5408\u540c\u5236\u9020\u5546Flex\u589e\u52a0\u4e86\u5176\u5fae\u578b\u9006\u53d8\u5668\u7684\u5168\u7403\u4ea7\u80fd\u3002\u8fd9\u4e00\u6269\u5f20\u4f7fEnphase\u80fd\u591f\u6539\u5584\u6b27\u6d32\u5ba2\u6237\u7684\u4ea4\u8d27\u65f6\u95f4\uff0c\u5e76\u6ee1\u8db3\u8be5\u5730\u533a\u5bf9\u4f4f\u5b85\u592a\u9633\u80fd\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u3002\u901a\u8fc7\u4e0eNatec\u5408\u4f5c\u5e76\u63d0\u9ad8\u4ea7\u80fd\uff0cEnphase\u53ef\u4ee5\u521b\u9020\u66f4\u591a\u7684\u6536\u5165\uff0c\u964d\u4f4e\u4e0e\u6d77\u5916\u8fd0\u8f93\u76f8\u5173\u7684\u6210\u672c\uff0c\u7f29\u77ed\u4ea4\u8d27\u65f6\u95f4\uff0c\u5e76\u6ee1\u8db3\u6b27\u6d32\u5bf9\u5176\u4ea7\u54c1\u4e0d\u65ad\u589e\u957f\u7684\u9700\u6c42\u3002\u56e0\u6b64\uff0c\u80fd\u591f\u4e3a\u516c\u53f8\u7684\u6574\u4f53\u589e\u957f\u505a\u51fa\u8d21\u732e\uff0c\u65e0\u8bba\u662f\u5728\u6536\u5165\u8fd8\u662f\u5229\u6da6\u65b9\u9762\u3002\n  <\/li><li><strong>\u62dc\u767b-\u9ea6\u5361\u9521\u503a\u52a1\u4e0a\u9650\u6cd5\u6848\u901a\u8fc7\u3002<\/strong>\u6682\u505c31.4\u4e07\u4ebf\u7f8e\u5143\u503a\u52a1\u4e0a\u9650\u7684\u6cd5\u6848\u4e8e2023\u5e746\u67083\u65e5(\u5468\u516d)\u83b7\u5f97\u901a\u8fc7\uff0c\u5141\u8bb8\u8054\u90a6\u653f\u5e9c\u907f\u514d\u503a\u52a1\u8fdd\u7ea6\uff0c\u5e76\u6682\u65f6\u53d6\u6d88\u8054\u90a6\u653f\u5e9c\u52302025\u5e741\u67081\u65e5\u7684\u503a\u52a1\u4e0a\u9650\u3002\u8be5\u6cd5\u6848\u5305\u62ec\u5404\u79cd\u6761\u6b3e\uff0c\u5982\u9650\u5236\u672a\u6765\u4e24\u5e74\u7684\u653f\u5e9c\u652f\u51fa\uff0c\u52a0\u5feb\u67d0\u4e9b\u80fd\u6e90\u9879\u76ee\u7684\u8bb8\u53ef\u7a0b\u5e8f\uff0c\u6536\u56de\u672a\u4f7f\u7528\u7684COVID-19\u8d44\u91d1\uff0c\u4ee5\u53ca\u6269\u5927\u7cae\u98df\u63f4\u52a9\u9879\u76ee\u7684\u5de5\u4f5c\u8981\u6c42\uff0c\u4ee5\u5305\u62ec\u66f4\u591a\u7684\u63a5\u53d7\u8005\u3002\u8fd9\u9879\u534f\u8bae\u5bf9\u53ef\u518d\u751f\u80fd\u6e90\u90e8\u95e8\u662f\u6709\u5229\u7684\uff0c\u56e0\u4e3a\u5b83\u4fdd\u7559\u4e86\u62dc\u767b\u603b\u7edf\u7684\u57fa\u7840\u8bbe\u65bd\u548c\u7eff\u8272\u80fd\u6e90\u6cd5\uff0c\u4e0e\u4e4b\u524d\u7684\u8c08\u5224\u76f8\u6bd4\uff0c\u524a\u51cf\u5f00\u652f\u548c\u5de5\u4f5c\u8981\u6c42\u4e0d\u90a3\u4e48\u4e25\u683c\u3002\n  <\/li><li><strong>\u4e3a\u6fb3\u5927\u5229\u4e9a\u5e02\u573a\u63a8\u51fa\u65b0\u4ea7\u54c1\u3002<\/strong>Enphase\u4e3a\u6fb3\u5927\u5229\u4e9a\u5ba2\u6237\u63a8\u51fa\u4e86\u6700\u65b0\u7684\u5bb6\u5ead\u80fd\u6e90\u89e3\u51b3\u65b9\u6848\uff0c\u53ef\u4ee5\u9884\u8ba2\uff0c\u9884\u8ba1\u5c06\u4ece2023\u5e747\u6708\u5f00\u59cb\u53d1\u8d27\u3002IQ\u7535\u6c605P\u662f\u4e00\u79cd\u4e0e\u592a\u9633\u80fd\u7535\u6c60\u677f\u65e0\u7f1d\u96c6\u6210\u7684\u6a21\u5757\u5316\u50a8\u80fd\u89e3\u51b3\u65b9\u6848\uff0c\u800cIQ8\u5fae\u9006\u53d8\u5668\u5728\u5355\u4e2a\u9762\u677f\u7ea7\u522b\u8fd0\u884c\uff0c\u4e3a\u7cfb\u7edf\u8bbe\u8ba1\u548c\u7ef4\u62a4\u63d0\u4f9b\u66f4\u5927\u7684\u7075\u6d3b\u6027\u3002\u6765\u81eaEnphase\u7684\u8fd9\u4e9b\u65b0\u7684\u5bb6\u5ead\u80fd\u6e90\u89e3\u51b3\u65b9\u6848\u5c06\u4e3a\u5bfb\u6c42\u8f6c\u5411\u592a\u9633\u80fd\u66ff\u4ee3\u54c1\u7684\u6fb3\u5927\u5229\u4e9a\u5ba2\u6237\u63d0\u4f9b\u66f4\u591a\u9009\u62e9\uff0c\u4ee5\u5b9a\u5236\u548c\u4f18\u5316\u4ed6\u4eec\u7684\u5bb6\u5ead\u80fd\u6e90\u7cfb\u7edf\u3002\n  <\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u8425\u6536\u540c\u6bd4\u589e\u957f64.5%\u81f37.26\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f551\u4e07\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a1.37\u7f8e\u5143\uff0c\u6bd4\u9884\u671f\u9ad8\u51fa0.15\u7f8e\u5143\u3002\u603b\u8425\u6536\u4e0e\u4e0a\u4e00\u5b63\u5ea6\u6301\u5e73\uff0c\u7f8e\u56fd\u7684\u9500\u552e\u989d\u4e0b\u964d\u4e869%\uff0c\u800c\u6b27\u6d32\u7684\u8425\u6536\u589e\u957f\u4e8625%\u300223\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6IQ\u7535\u6c60\u51fa\u8d27\u91cf\u4ece22\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u7684122.1MWh\u964d\u81f3102.4MWh\u3002\n  <\/li><li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-22.png\" alt=\"\" class=\"wp-image-28143\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-22.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-22-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"745\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-23.png\" alt=\"\" class=\"wp-image-28144\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-23.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-23-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-23-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-23-768x465.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-28059-_k6bubwvkl8o3\"><\/a><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-24.png\" class=\"wp-image-28145\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-24.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-24-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-24-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_yq7x5dj4odw\"><\/a><strong>\u65af\u4f26\u8d1d\u8c22 (SLB US)\uff1a\u77f3\u6cb9\u8f93\u51fa\u56fd\u7ec4\u7ec7\u53ca\u5176\u975e\u6210\u5458\u56fd\u6cb9\u4ef7<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>\u4e70\u5165\u4ef7\uff1a47\uff0c\u76ee\u6807\u4ef7\uff1a53\uff0c\u6b62\u635f\u4ef7\uff1a44<\/strong>\n  <\/li><li>\n    \u65af\u4f26\u8d1d\u8c22\u6709\u9650\u516c\u53f8\u81f4\u529b\u4e8e\u4e3a\u5168\u7403\u80fd\u6e90\u884c\u4e1a\u63d0\u4f9b\u6280\u672f\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u56db\u4e2a\u90e8\u95e8\u8fd0\u8425:\u6570\u5b57\u4e0e\u96c6\u6210\u3001\u6cb9\u85cf\u6027\u80fd\u3001\u6cb9\u4e95\u5efa\u8bbe\u548c\u751f\u4ea7\u7cfb\u7edf\u3002\n  <\/li><li><strong>\u6cb9\u4ef7\u53cd\u5f39\u3002<\/strong>\u7f8e\u56fd\u56fd\u4f1a\u901a\u8fc7\u503a\u52a1\u4e0a\u9650\u534f\u8bae\u540e\uff0c\u5468\u4e94\u6cb9\u4ef7\u4e0a\u6da8\u7ea62%\uff0c\u79ef\u6781\u7684\u5c31\u4e1a\u6570\u636e\u8868\u660e\u53ef\u80fd\u6682\u505c\u52a0\u606f\u3002\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4e0a\u6da82.4%\uff0c\u81f3\u6bcf\u687676.08\u7f8e\u5143\uff0c\u7f8e\u56fd\u897f\u5fb7\u514b\u8428\u65af\u4e2d\u8d28\u539f\u6cb9(WTI)\u4e0a\u6da82.3%\uff0c\u81f371.68\u7f8e\u5143\u3002\u671f\u8d27\u5408\u7ea6\u7684\u672a\u5e73\u4ed3\u5408\u7ea6\u8fbe\u5230\u6570\u6708\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u7f8e\u56fd\u53c2\u8bae\u9662\u7684\u503a\u52a1\u4e0a\u9650\u534f\u8bae\u7f13\u89e3\u4e86\u5bf9\u653f\u5e9c\u8fdd\u7ea6\u7684\u62c5\u5fe7\uff0c\u4f46\u5373\u5c06\u4e3e\u884c\u7684\u6b27\u4f69\u514b+\u4f1a\u8bae\u6b63\u5728\u53d7\u5230\u5bc6\u5207\u5173\u6ce8\u3002\u7f8e\u56fd\u7684\u80fd\u6e90\u516c\u53f8\u5df2\u7ecf\u51cf\u5c11\u4e86\u77f3\u6cb9\u94bb\u4e95\u5e73\u53f0\u7684\u6570\u91cf\uff0c\u800c\u7531\u4e8e\u7a7a\u8c03\u4f7f\u7528\u91cf\u589e\u52a0\uff0c\u4e2d\u56fd\u7684\u70ed\u6d6a\u7ed9\u7535\u7f51\u5e26\u6765\u4e86\u538b\u529b\u3002\u6cb9\u4ef7\u5468\u4e00\u7ee7\u7eed\u4e0a\u6da8\uff0c\u5728\u6c99\u7279\u963f\u62c9\u4f2f\u627f\u8bfa7\u6708\u4efd\u8fdb\u4e00\u6b65\u81ea\u613f\u51cf\u4ea7\u540e\u4e0a\u6da82.5%\u3002\u5468\u4e00\u4e9a\u6d32\u65e9\u76d8\uff0c\u5168\u7403\u57fa\u51c6\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4e0a\u6da82.4%\uff0c\u81f3\u6bcf\u687678.00\u7f8e\u5143\uff0c\u7f8e\u56fd\u897f\u5fb7\u514b\u8428\u65af\u4e2d\u8d28\u539f\u6cb9\u671f\u8d27\u4e0a\u6da82.5%\uff0c\u81f3\u6bcf\u687673.53\u7f8e\u5143\u3002\n  <\/li><li><strong>\u53ef\u80fd\u51cf\u4ea7\u3002<\/strong>\u77f3\u6cb9\u8f93\u51fa\u56fd\u7ec4\u7ec7\u53ca\u5176\u975e\u6210\u5458\u56fd (OPEC+) \u5728\u5468\u516d\u4e3e\u884c\u4e86\u4e00\u6b21\u4f1a\u8bae\uff0c\u4ee5\u6700\u7ec8\u786e\u5b9a\u4ed6\u4eec\u7684\u51b3\u5b9a\u3002OPEC+\u5171\u540c\u8d21\u732e\u4e86\u5168\u740340%\u7684\u539f\u6cb9\u4ea7\u91cf\uff0c\u8fd9\u4f7f\u5f97\u5b83\u4eec\u7684\u9009\u62e9\u5bf9\u77f3\u6cb9\u5e02\u573a\u4ea7\u751f\u4e86\u91cd\u5927\u5f71\u54cd\u3002\u4f1a\u8bae\u7684\u53ec\u5f00\u662f\u4e3a\u4e86\u89e3\u51b3\u6cb9\u4ef7\u4e0b\u8dcc\u548c\u5bf9\u4f9b\u5e94\u8fc7\u5269\u7684\u62c5\u5fe7\uff0c\u8003\u8651\u53ef\u80fd\u51cf\u4ea7100\u4e07\u6876\/\u65e5\u3002\u9664\u4e86\u73b0\u6709\u7684200\u4e07\u6876\/\u5929\u7684\u51cf\u4ea7\u91cf\u548c160\u4e07\u6876\/\u5929\u7684\u81ea\u613f\u51cf\u4ea7\u91cf\u5916\uff0c\u603b\u51cf\u4ea7\u91cf\u4e3a466\u4e07\u6876\/\u5929\uff0c\u7ea6\u5360\u5168\u7403\u9700\u6c42\u76844.5%\u3002\u7531\u4e8e\u6ca1\u6709\u5b98\u65b9\u8ba8\u8bba\uff0c100\u4e07\u6876\/\u65e5\u7684\u6570\u5b57\u8fd8\u4e3a\u65f6\u8fc7\u65e9\u3002\u7531\u4e8e\u62c5\u5fc3\u9700\u6c42\u548c\u7ecf\u6d4e\u589e\u957f\u75b2\u8f6f\uff0c\u6b64\u524d4\u6708\u4efd\u5ba3\u5e03\u7684\u51cf\u4ea7\u672a\u80fd\u7ef4\u6301\u6cb9\u4ef7\uff0c\u4f46\u56fd\u9645\u80fd\u6e90\u7f72\u9884\u8ba1\uff0c2023\u5e74\u4e0b\u534a\u5e74\u5168\u7403\u77f3\u6cb9\u9700\u6c42\u5c06\u4e0a\u5347\uff0c\u8fd9\u53ef\u80fd\u4f1a\u652f\u6491\u6cb9\u4ef7\u3002OPEC+\u7684\u51cf\u4ea7\u534f\u8bae\u5171\u8ba1366\u4e07\u6876\/\u5929\uff0c\u6b64\u524d\u6709\u6548\u671f\u81f32023\u5e74\u5e95\uff0c\u73b0\u5df2\u5ef6\u957f\u81f32024\u5e74\u5e95\uff0c\u4e0d\u518d\u589e\u52a0\u51cf\u4ea7\u3002\u8be5\u96c6\u56e2\u8fd8\u5c06\u4ece2024\u5e741\u6708\u8d77\u5c06\u603b\u4ea7\u91cf\u76ee\u6807\u4ece\u76ee\u524d\u76844046\u4e07\u6876\/\u5929\u518d\u964d\u4f4e140\u4e07\u6876\/\u5929\u3002\u4e3a\u4e86\u63d0\u632f\u6cb9\u4ef7\uff0c\u6c99\u7279\u963f\u62c9\u4f2f\u5ba3\u5e03\u5c06\u4ece7\u6708\u4efd\u5f00\u59cb\u5c06\u5176\u4ea7\u91cf\u4ece5\u6708\u4efd\u7684\u6bcf\u59291000\u4e07\u6876\u51cf\u5c11\u5230\u6bcf\u5929900\u4e07\u6876\u3002\n  <\/li><li><strong>\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u8425\u6536\u540c\u6bd4\u589e\u957f30%\uff0c\u8fbe\u523077\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f2.4\u4ebf\u7f8e\u5143\u3002Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.63\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.02\u7f8e\u5143\u3002\u6b64\u524d\uff0c\u8be5\u516c\u53f8\u9884\u8ba1\u52302025\u5e74\u6536\u5165\u5c06\u589e\u957f\u81f3\u5c1145%\uff0c\u5168\u5e74EBITDA\u589e\u957f\u8d85\u8fc760%\u3002\n  <\/li><li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-25.png\" alt=\"\" class=\"wp-image-28146\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-25.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-25-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_rtce9wz44r1f\"><\/a><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"745\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-26.png\" class=\"wp-image-28147\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-26.png 1230w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-26-300x182.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-26-1024x620.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-26-768x465.png 768w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/h3>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><a id=\"post-28059-_66prh4x5phvn\"><\/a>\n  (Source: Bloomberg)<a id=\"post-28059-_ry0804sniri\"><\/a>\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-28059-_va9jaog5jnw3\"><\/a><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-27.png\" class=\"wp-image-28148\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-27.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-27-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"829\" height=\"104\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-35.png\" alt=\"\" class=\"wp-image-28159\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-35.png 829w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-35-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-35-768x96.png 768w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1160\" height=\"648\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-40.png\" alt=\"\" class=\"wp-image-28163\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-40.png 1160w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-40-300x168.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-40-1024x572.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-40-768x429.png 768w\" sizes=\"(max-width: 1160px) 100vw, 1160px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>\n<p><strong>News Feed<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>1. <a href=\"https:\/\/www.reuters.com\/markets\/us\/wall-st-week-ahead-surging-us-megacap-stocks-leave-some-wondering-when-cash-out-2023-06-02\/\">Wall St Week Ahead Surging US megacap stocks leave some wondering when to cash out<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>2. <a href=\"https:\/\/www.channelnewsasia.com\/business\/global-shares-us-yields-rise-after-strong-jobs-data-debt-ceiling-passage-3533056\">Global shares, US yields rose after strong jobs data, debt ceiling passage<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>3. <a href=\"https:\/\/www.channelnewsasia.com\/world\/biden-signs-debt-ceiling-bill-law-averting-default-3536616\">Biden signs debt ceiling Bill into law, averting default<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>4. <a href=\"https:\/\/www.cnbc.com\/2023\/06\/04\/stock-market-today-live-updates.html\">Stock futures are little changed after the S&P 500\u2019s best week since March<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>5. <a href=\"https:\/\/www.channelnewsasia.com\/business\/oil-jumps-2-saudi-plan-deepen-output-cuts-july-3538411\">Oil jumps 2% on Saudi plan to deepen output cuts from July<\/a><\/p>\n<\/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\/06\/word-image-42.png\" alt=\"\" class=\"wp-image-28165\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-42.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-42-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-28059-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1160\" height=\"650\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-45.png\" alt=\"\" class=\"wp-image-28169\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-45.png 1160w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-45-300x168.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-45-1024x574.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-45-768x430.png 768w\" sizes=\"(max-width: 1160px) 100vw, 1160px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>\n<p><strong>News Feed<\/strong><\/p>\n<\/td><\/tr><tr><td>\n<p>1. <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202306\/05\/WS647d18b6a31033ad3f7ba569.html\">China automobile market draws international interest<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>2. <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202304\/13\/WS64373340a31057c47ebb9c7e.html\">China consumer confidence gets boost as economy recovers<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>3. <a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/big-china-play-fuelled-luxury-stocks-now-fizzling-out\">The big China play that fuelled luxury stocks is now fizzling out \u2026<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>4. <a href=\"https:\/\/www.reuters.com\/world\/china\/china-seeks-dialogue-over-confrontation-defence-minister-tells-security-meet-2023-06-04\/\">China says clash with US would be \u2018unbearable disaster\u2019 \u2013 Reuters<\/a><\/p>\n<\/td><\/tr><tr><td>\n<p>5. <a href=\"https:\/\/www.businesstimes.com.sg\/property\/evergrande-unit-faces-1426-lawsuits-involving-us49-billion\">Evergrande unit faces 1426 lawsuits involving US$49 billion, Property<\/a><\/p>\n<\/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\/06\/word-image-46.png\" alt=\"\" class=\"wp-image-28170\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-46.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-46-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-48.png\" alt=\"\" class=\"wp-image-28172\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-48.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-48-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Add Rex International (REXI SP) at S$0.165, China Resources Power (836 HK) at HK$17.5 and Taiwan Semiconductor (TSM US) at US$103. Take profit on Netflix (NFLX US) at US$390.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"477\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-49.png\" alt=\"\" class=\"wp-image-28173\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-49.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-49-300x152.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/06\/word-image-49-768x388.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/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<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 REX\u56fd\u9645 (REXI SP)\uff1a\u6cb9\u4ef7\u53cd\u5f39 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.165\uff0c\u76ee\u6807\u4ef7\uff1a0.195\uff0c\u6b62\u635f\u4ef7\uff1a0.150 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\u5468\u65e5\u5728\u7ef4\u4e5f\u7eb3\u53ec\u5f00\u4f1a\u8bae\uff0c\u8ba8\u8bba\u5168\u7403\u77f3\u6cb9\u524d\u666f\u548c\u53ef\u80fd\u518d\u51cf\u4ea7100\u4e07\u6876\/\u5929\u3002\u5468\u4e00\u4e0a\u5348\uff0c\u6c99\u7279\u51b3\u5b9a\u524a\u51cf100\u4e07\u6876\/\u5929\u7684\u77f3\u6cb9\u4ea7\u91cf\u3002\u6b64\u524d\uff0cOPEC+\u540c\u610f\u57284\u6708\u4efd\u81ea\u613f\u51cf\u4ea7100\u591a\u4e07\u6876\/\u5929\u3002 \u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u3002\u968f\u7740REXI\u7684\u5b50\u516c\u53f8Lime Petroleum AS\u6700\u8fd1\u83b7\u5f97\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u7684\u6279\u51c6\uff0c\u8be5\u516c\u53f8\u5c06\u80fd\u591f\u5728\u632a\u5a01\u627e\u5230\u5e76\u5f00\u53d1\u65b0\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u6765\u6e90\u3002\u8fd9\u4e0d\u4ec5\u53ef\u4ee5\u901a\u8fc7\u5f00\u53d1\u65b0\u8d44\u6e90\u800c\u4e0d\u662f\u4ec5\u4ec5\u4f9d\u8d56\u73b0\u6709\u50a8\u91cf\u6765\u6269\u5927\u5176\u5728\u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u4f9b\u5e94\uff0c\u800c\u4e14\u8fd8\u6709\u52a9\u4e8e\u6539\u5584\u5176\u4f9b\u5e94\u94fe\uff0c\u56e0\u4e3a\u5b83\u73b0\u5728\u4e0d\u518d\u4f9d\u8d56\u5916\u90e8\u5229\u76ca\u76f8\u5173\u8005\u6765\u83b7\u53d6\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u3002\u603b\u7684\u6765\u8bf4\uff0c\u867d\u7136\u6b64\u6b21\u6279\u51c6\u53ef\u80fd\u4e0d\u4f1a\u4ea7\u751f\u7acb\u7aff\u89c1\u5f71\u7684\u6548\u679c\uff0c\u4f46\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u5b83\u5c06\u5bf9REXI\u5927\u6709\u88e8\u76ca\u3002 \u8ba1\u5212\u5728\u9a6c\u6765\u897f\u4e9a\u5f00\u53d1\u6cb9\u7530\u3002\u4e0e\u9a6c\u6765\u897f\u4e9a\u56fd\u6709\u7684\u9a6c\u6765\u897f\u4e9a\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8(Petronas)\u5c31\u5f00\u53d1\u9a6c\u6765\u897f\u4e9a\u6cb9\u7530\u7684\u9879\u76ee\u8fbe\u6210\u534f\u8bae\u3002\u867d\u7136\u76ee\u524d\u7684\u6210\u672c\u4e0d\u5141\u8bb8REXI\u6709\u6548\u5730\u5229\u7528\u8be5\u534f\u8bae\u7684\u597d\u5904\uff0c\u4f46\u6211\u4eec\u76f8\u4fe1\uff0c\u5b83\u5c06\u80fd\u591f\u5728\u672a\u6765\u4ece\u5df2\u5f00\u53d1\u7684\u6cb9\u7530\u4e2d\u53d7\u76ca\uff0c\u4f7f\u516c\u53f8\u80fd\u591f\u5728\u540c\u884c\u4e2d\u53d1\u5c55\u7ade\u4e89\u4f18\u52bf\u3002 22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u516c\u53f8\u57282022\u5e74\u4e8f\u635f100\u4e07\u7f8e\u5143\uff0c\u800c2022\u5e74\u51c0\u5229\u6da6\u4e3a6,720\u4e07\u7f8e\u5143\u300222\u8d22\u5e74\u539f\u6cb9\u9500\u552e\u6536\u5165\u589e\u957f7%\uff0c\u8fbe\u52301.703\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5171\u8bc6\u3002 (Source: Bloomberg) \u5821\u5792\u77ff\u4e1a (FMIL SP)\uff1a\u66f4\u591a\u8d44\u6e90\u6709\u5f85\u53d1\u73b0 \u91cd\u65b0\u4e70\u5165\u4ef7\uff1a0.35\uff0c\u76ee\u6807\u4ef7\uff1a0.39\uff0c\u6b62\u635f\u4ef7\uff1a0.46 \u5821\u5792\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u5f00\u91c7\u3001\u52a0\u5de5\u548c\u5206\u9500\u94c1\u77ff\u77f3\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u94c1\u77ff\u77f3\u7cbe\u77ff\u7684\u52d8\u63a2\u3001\u5f00\u91c7\u3001\u751f\u4ea7\u548c\u5206\u9500\u3002\u516c\u53f8\u670d\u52a1\u4e8e\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5ba2\u6237\u3002 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Drilling\uff0c\u4e00\u79cd\u6db2\u4f53\u78b3\u6c22\u5316\u5408\u7269\u6307\u793a\u5668\uff0c\u5229\u7528\u5730\u9707\u6570\u636e\u5bfb\u627e\u77f3\u6cb9\u3002\u8be5\u516c\u53f8\u4ece\u4e8b\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u548c\u751f\u4ea7\u6d3b\u52a8\uff0c\u5176\u4e1a\u52a1\u91cd\u5fc3\u5728\u963f\u66fc\u548c\u632a\u5a01\u3002 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\u5468\u65e5\u5728\u7ef4\u4e5f\u7eb3\u53ec\u5f00\u4f1a\u8bae\uff0c\u8ba8\u8bba\u5168\u7403\u77f3\u6cb9\u524d\u666f\u548c\u53ef\u80fd\u518d\u51cf\u4ea7100\u4e07\u6876\/\u5929\u3002\u5468\u4e00\u4e0a\u5348\uff0c\u6c99\u7279\u51b3\u5b9a\u524a\u51cf100\u4e07\u6876\/\u5929\u7684\u77f3\u6cb9\u4ea7\u91cf\u3002\u6b64\u524d\uff0cOPEC+\u540c\u610f\u57284\u6708\u4efd\u81ea\u613f\u51cf\u4ea7100\u591a\u4e07\u6876\/\u5929\u3002 \u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u3002\u968f\u7740REXI\u7684\u5b50\u516c\u53f8Lime Petroleum AS\u6700\u8fd1\u83b7\u5f97\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u52d8\u63a2\u7684\u6279\u51c6\uff0c\u8be5\u516c\u53f8\u5c06\u80fd\u591f\u5728\u632a\u5a01\u627e\u5230\u5e76\u5f00\u53d1\u65b0\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u6765\u6e90\u3002\u8fd9\u4e0d\u4ec5\u53ef\u4ee5\u901a\u8fc7\u5f00\u53d1\u65b0\u8d44\u6e90\u800c\u4e0d\u662f\u4ec5\u4ec5\u4f9d\u8d56\u73b0\u6709\u50a8\u91cf\u6765\u6269\u5927\u5176\u5728\u632a\u5a01\u7684\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u4f9b\u5e94\uff0c\u800c\u4e14\u8fd8\u6709\u52a9\u4e8e\u6539\u5584\u5176\u4f9b\u5e94\u94fe\uff0c\u56e0\u4e3a\u5b83\u73b0\u5728\u4e0d\u518d\u4f9d\u8d56\u5916\u90e8\u5229\u76ca\u76f8\u5173\u8005\u6765\u83b7\u53d6\u77f3\u6cb9\u548c\u5929\u7136\u6c14\u3002\u603b\u7684\u6765\u8bf4\uff0c\u867d\u7136\u6b64\u6b21\u6279\u51c6\u53ef\u80fd\u4e0d\u4f1a\u4ea7\u751f\u7acb\u7aff\u89c1\u5f71\u7684\u6548\u679c\uff0c\u4f46\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u5b83\u5c06\u5bf9REXI\u5927\u6709\u88e8\u76ca\u3002 \u8ba1\u5212\u5728\u9a6c\u6765\u897f\u4e9a\u5f00\u53d1\u6cb9\u7530\u3002\u4e0e\u9a6c\u6765\u897f\u4e9a\u56fd\u6709\u7684\u9a6c\u6765\u897f\u4e9a\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8(Petronas)\u5c31\u5f00\u53d1\u9a6c\u6765\u897f\u4e9a\u6cb9\u7530\u7684\u9879\u76ee\u8fbe\u6210\u534f\u8bae\u3002\u867d\u7136\u76ee\u524d\u7684\u6210\u672c\u4e0d\u5141\u8bb8REXI\u6709\u6548\u5730\u5229\u7528\u8be5\u534f\u8bae\u7684\u597d\u5904\uff0c\u4f46\u6211\u4eec\u76f8\u4fe1\uff0c\u5b83\u5c06\u80fd\u591f\u5728\u672a\u6765\u4ece\u5df2\u5f00\u53d1\u7684\u6cb9\u7530\u4e2d\u53d7\u76ca\uff0c\u4f7f\u516c\u53f8\u80fd\u591f\u5728\u540c\u884c\u4e2d\u53d1\u5c55\u7ade\u4e89\u4f18\u52bf\u3002 22\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u516c\u53f8\u57282022\u5e74\u4e8f\u635f100\u4e07\u7f8e\u5143\uff0c\u800c2022\u5e74\u51c0\u5229\u6da6\u4e3a6,720\u4e07\u7f8e\u5143\u300222\u8d22\u5e74\u539f\u6cb9\u9500\u552e\u6536\u5165\u589e\u957f7%\uff0c\u8fbe\u52301.703\u4ebf\u7f8e\u5143\u3002 \u5e02\u573a\u5171\u8bc6\u3002 (Source: Bloomberg) \u5821\u5792\u77ff\u4e1a (FMIL SP)\uff1a\u66f4\u591a\u8d44\u6e90\u6709\u5f85\u53d1\u73b0 \u91cd\u65b0\u4e70\u5165\u4ef7\uff1a0.35\uff0c\u76ee\u6807\u4ef7\uff1a0.39\uff0c\u6b62\u635f\u4ef7\uff1a0.46 \u5821\u5792\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u5f00\u91c7\u3001\u52a0\u5de5\u548c\u5206\u9500\u94c1\u77ff\u77f3\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u94c1\u77ff\u77f3\u7cbe\u77ff\u7684\u52d8\u63a2\u3001\u5f00\u91c7\u3001\u751f\u4ea7\u548c\u5206\u9500\u3002\u516c\u53f8\u670d\u52a1\u4e8e\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u7684\u5ba2\u6237\u3002 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23\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u8be5\u516c\u53f8\u62a5\u544a\u79f0\uff0c\u7531\u4e8e\u6536\u5165\u548c\u9500\u91cf\u7684\u589e\u957f\uff0c2023\u8d22\u5e74\u4e1a\u7ee9\u66f4\u4e3a\u5f3a\u52b2\u3002\u6536\u5165\u540c\u6bd4\u589e\u957f23.5%\uff0c\u81f35,350\u4e07\u7f8e\u5143\uff0c\u800c2022\u8d22\u5e74\u7684\u6536\u5165\u4e3a4,340\u4e07\u7f8e\u5143\u3002\u7531\u4e8e\u751f\u4ea7\u80fd\u529b\u6b63\u5e38\u5316\uff0c2023\u8d22\u5e74\u7684\u9500\u91cf\u589e\u957f52.8%\uff0c\u8fbe\u5230546,000\u5e72\u516c\u5428\uff0c\u800c2022\u8d22\u5e74\u4e3a357,000 \u5e72\u516c\u5428\u3002 \u6280\u672f\u9762\u76ee\u6807\u4e3a0.35\u65b0\u5143\uff1b\u57fa\u672c\u9762\u76ee\u6807\u4e3a0.46\u65b0\u5143\u3002\u867d\u7136\u57fa\u4e8e\u77ed\u671f\u6280\u672f\u56e0\u7d20\uff0c\u6211\u4eec\u7684\u6280\u672f\u9762\u76ee\u6807\u4ef7\u4e3a0.35\u65b0\u5143\uff0c\u4f46\u57fa\u4e8e\u6df7\u5408\u4f30\u503c\uff0c\u4f7f\u7528\u8d34\u73b0\u73b0\u91d1\u6d41(DCF)\uff0c\u7ec8\u7aef\u589e\u957f\u7387\u4e3a2%\uff0cWACC\u4e3a10%\uff0c\u4ee5\u53ca\u4f7f\u7528\u884c\u4e1aEV\/\u8d44\u6e90\u500d\u6570\u4e3a3.6\u500d\u7684\u53ef\u6bd4\u8f83\u4f30\u503c\u500d\u6570\uff0c\u6211\u4eec\u7ef4\u6301\u57fa\u4e8e\u57fa\u672c\u9762\u7684\u76ee\u6807\u4ef7\u4e3a0.46\u65b0\u5143\u3002\u5728\u8fd9\u91cc\u9605\u8bfb\u57fa\u4e8e\u57fa\u672c\u9762\u7684\u5b8c\u6574\u62a5\u544a\u3002 (Source: Bloomberg) \u91d1\u5c71\u8f6f\u4ef6 (3888 HK)\uff1a\u9884\u8ba1\u5728\u5373\u5c06\u5230\u6765\u7684\u7f51\u4e0a\u8d2d\u7269\u72c2\u6f6e\u4e2d\u4f1a\u51fa\u73b0\u9500\u552e\u70ed\u6f6e 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