{"id":59939,"date":"2025-01-20T00:24:47","date_gmt":"2025-01-19T16:24:47","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=59939"},"modified":"2025-01-20T00:24:49","modified_gmt":"2025-01-19T16:24:49","slug":"kgi-daily-trading-ideas-20-jan-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-20-jan-2025-zh\/","title":{"rendered":"2025\u5e741\u670820\u65e5: \u552f\u6676\u79d1\u6280 (WKS SP), \u817e\u8baf (700 HK), AppLovin Corporation (APP 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<figure class=\"wp-block-image\" id=\"sp\"><img fetchpriority=\"high\" decoding=\"async\" width=\"829\" height=\"104\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259.png\" alt=\"\" class=\"wp-image-47866\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259.png 829w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/07\/word-image-259-768x96.png 768w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-59939-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1608\" height=\"747\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6.png\" alt=\"A screenshot of a computer screen\n\nDescription automatically generated\" class=\"wp-image-59986\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6.png 1608w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6-300x139.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6-1024x476.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6-768x357.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-computer-screen-description-aut-6-1536x714.png 1536w\" sizes=\"(max-width: 1608px) 100vw, 1608px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1071\" height=\"274\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-2.png\" alt=\"\" class=\"wp-image-59987\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-2.png 1071w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-2-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-2-1024x262.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-2-768x196.png 768w\" sizes=\"(max-width: 1071px) 100vw, 1071px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"915\" height=\"282\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-3.png\" alt=\"\" class=\"wp-image-59988\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-3.png 915w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-3-300x92.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-3-768x237.png 768w\" sizes=\"(max-width: 915px) 100vw, 915px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/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\/2025\/01\/word-image-59939-4.png\" alt=\"\" class=\"wp-image-59989\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-59939-_qqv3rtx8nazp\"><\/a><a id=\"post-59939-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2246\" height=\"1048\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4.png\" alt=\"A screenshot of a phone\n\nDescription automatically generated\" class=\"wp-image-59990\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4.png 2246w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4-300x140.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4-1024x478.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4-768x358.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4-1536x717.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-screenshot-of-a-phone-description-automatically-4-2048x956.png 2048w\" sizes=\"(max-width: 2246px) 100vw, 2246px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ 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\/2025\/01\/word-image-59939-6.png\" alt=\"\" class=\"wp-image-59991\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-6-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><a id=\"post-59939-_7c2gwybbbr90\"><\/a><\/h1>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-59939-_9i0c554gtu0u\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-7.png\" class=\"wp-image-59992\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u552f\u6676\u79d1\u6280 (WKS SP)\uff1a\u5e76\u8d2d\u6218\u7565\u6301\u7eed\u63a8\u52a8<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.300\uff0c\u76ee\u6807\u4ef7\uff1a0.330\uff0c\u6b62\u635f\u4ef7\uff1a0.285<\/strong><br>  <\/li>\n\n\n\n<li>\u552f\u6676\u79d1\u6280\u662f\u4e00\u5bb6\u6e38\u620f\u7f8e\u672f\u5916\u5305\u5de5\u4f5c\u5ba4\u3002\u8be5\u516c\u53f8\u4e3a\u89c6\u9891\u6e38\u620f\u884c\u4e1a\u63d0\u4f9b\u5b8c\u6574\u7684\u7aef\u5230\u7aef\u827a\u672f\u5916\u5305\u548c\u6e38\u620f\u5f00\u53d1\u670d\u52a1\u3002\u7728\u773c\u5de5\u4f5c\u5ba4\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u65b0\u6536\u8d2d\u3002 <\/strong>1 \u6708 17 \u65e5\uff0c\u548f\u5174\u5de5\u4f5c\u5ba4\u5ba3\u5e03\u8ba1\u5212\u4ee5\u7ea6 1.46 \u4ebf\u4eba\u6c11\u5e01\uff082720 \u4e07\u65b0\u5e01\uff09\u6536\u8d2d\u4e9a\u6d32\u9886\u5148\u7684\u6e38\u620f\u7f8e\u672f\u5916\u5305\u548c\u5f00\u53d1\u5de5\u4f5c\u5ba4\u4e0a\u6d77\u7c73\u8bfa\u6d1b\u5fb7\u6570\u5b57\u79d1\u6280\u516c\u53f8\u3002\u7c73\u8bfa\u6d1b\u5fb7\u62e5\u6709 466 \u540d\u5458\u5de5\uff0c\u4e13\u6ce8\u4e8e\u4e3b\u673a\u5e73\u53f0\u6e38\u620f\uff0c\u5176 90% \u7684\u6536\u5165\u6765\u81ea\u6e38\u620f\u7f8e\u672f\u5916\u5305\u670d\u52a1\u3002\u622a\u81f3 2023 \u5e74 12 \u6708 31 \u65e5\u7684\u8d22\u653f\u5e74\u5ea6\uff0c\u7c73\u8bfa\u6d1b\u5fb7\u7684\u606f\u7a0e\u6298\u524d\u5229\u6da6 (EBITDA) \u7ea6\u4e3a 360 \u4e07\u65b0\u5e01\u3002\u6b64\u6b21\u6536\u8d2d\u65e8\u5728\u6269\u5927\u548f\u5174\u5de5\u4f5c\u5ba4\u5728\u4e9a\u6d32\u7684\u89c4\u6a21\uff0c\u63a5\u89e6\u897f\u65b9\u5ba2\u6237\u5e76\u652f\u6301\u5176\u5168\u7403\u53d1\u5c55\u76ee\u6807\u3002\u9884\u8ba1\u8be5\u6536\u8d2d\u5c06\u5728 2025 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5b8c\u6210\uff0c\u7c73\u8bfa\u6d1b\u5fb7\u7684\u9886\u5bfc\u5c42\u5c06\u7ee7\u7eed\u5728\u548f\u5174\u5de5\u4f5c\u5ba4\u7684\u8d44\u6e90\u548c\u4e13\u4e1a\u77e5\u8bc6\u4e0b\u8fd0\u8425\u3002\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e76\u8d2d\u5bfc\u5411\u3002<\/strong>\u548f\u5174\u5de5\u4f5c\u5ba4\u7684\u4e3b\u8981\u540c\u884c Keywords Studios \u6b64\u524d\u4e8e 2013 \u5e74\u5728 AIM \u4e0a\u5e02\uff0c\u4f30\u503c 4900 \u4e07\u82f1\u9551\u3002\u968f\u540e\u88ab\u4ee5 21 \u4ebf\u82f1\u9551\u7684\u4ef7\u683c\u6536\u8d2d\uff0c\u6295\u8d44\u8005\u83b7\u5f97\u4e86\u4e30\u539a\u56de\u62a5\uff0c\u56e0\u4e3a\u8be5\u516c\u53f8\u901a\u8fc7\u63d0\u4f9b\u97f3\u4e50\u3001\u7f8e\u672f\u548c\u89c6\u9891\u6e38\u620f\u7ffb\u8bd1\u7b49\u670d\u52a1\uff0c\u4e1a\u52a1\u589e\u957f\u4e86 40 \u500d\u3002\u548f\u5174\u5de5\u4f5c\u5ba4\u5229\u7528\u827a\u672f\u5916\u5305\u548c\u79fb\u52a8\u6e38\u620f\u7b49\u884c\u4e1a\u8d8b\u52bf\uff0c\u5438\u5f15\u4e86\u80b2\u78a7\u548c EA \u7b49\u4e3b\u8981\u5ba2\u6237\u3002\u548f\u5174\u5de5\u4f5c\u5ba4\u4ee5\u63d0\u4f9b\u9ad8\u8d28\u91cf\u3001\u9ad8\u6027\u4ef7\u6bd4\u7684\u670d\u52a1\u4e3a\u5b97\u65e8\uff0c\u5e76\u62e5\u6709\u5b8f\u7881 (Acer) \u4f5c\u4e3a\u4e3b\u8981\u80a1\u4e1c\u7684\u5f3a\u5927\u57fa\u7840\uff0c\u65e8\u5728\u590d\u5236 Keywords Studios \u7684\u6210\u529f\u3002\u8fd9\u5305\u62ec\u6709\u673a\u589e\u957f\u3001\u6218\u7565\u6027\u6536\u8d2d\u4ee5\u53ca\u5229\u7528\u4eba\u5de5\u667a\u80fd (AI) \u589e\u5f3a\u5176\u4ea7\u54c1\u3002\u968f\u7740\u548f\u5174\u5de5\u4f5c\u5ba4\u7ee7\u7eed\u6267\u884c\u5176\u589e\u957f\u6218\u7565\u5e76\u5c55\u73b0\u51fa\u4e0d\u65ad\u589e\u957f\u7684\u4ef7\u503c\uff0c\u6211\u4eec\u9884\u8ba1\u5176\u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX) \u80a1\u4ef7\u4e5f\u5c06\u968f\u4e4b\u6c34\u6da8\u8239\u9ad8\uff0c\u5e76\u671f\u671b\u6295\u8d44\u8005\u80fd\u7ee7\u7eed\u83b7\u5f97\u5f3a\u52b2\u7684\u4e1a\u7ee9\u548c\u4e30\u539a\u7684\u56de\u62a5\u3002<br>  <\/li>\n\n\n\n<li><strong>\u8054\u5408\u4eba\u5de5\u667a\u80fd\u5f00\u53d1\u9879\u76ee\u3002<\/strong>\u552f\u6676\u79d1\u6280\u4e0e\u5b8f\u7881\uff08Acer\uff09\u5c31\u5171\u540c\u5f00\u53d1GenMotion\u7684\u4eba\u5de5\u667a\u80fd\u9879\u76ee\u7684\u7b2c\u4e8c\u9636\u6bb5\u8fbe\u6210\u4e86\u8865\u5145\u534f\u8bae\u3002AI\uff0c 3D\u52a8\u753b\u751f\u6210\u5de5\u5177\u3002\u5b8f\u7881\u5c06\u51fa\u8d4420\u4e07\u7f8e\u5143\uff0c\u552f\u6676\u5c06\u63d0\u4f9b\u8d44\u6e90\u3002\u4e24\u5bb6\u516c\u53f8\u5c06\u5bf9\u534a\u5206\u4eab\u4efb\u4f55\u65b0\u53d1\u660e\u7684\u77e5\u8bc6\u4ea7\u6743\u3002GenMotion\u3002AI\u5c06\u6587\u672c\u8f93\u5165\u8f6c\u6362\u4e3a\u8be6\u7ec6\u76843D\u52a8\u753b\uff0c\u63d0\u9ad8\u4e86\u52a8\u753b\u5e08\u7684\u6548\u7387\u548c\u521b\u9020\u529b\u3002GenMotion\u3002\u4eba\u5de5\u667a\u80fd\u5229\u7528\u4e86\u552f\u6676\u4e13\u6709\u7684\u3001\u53ef\u8ffd\u8e2a\u7684\u8bad\u7ec3\u6570\u636e\uff0c\u65e8\u5728\u5f15\u9886\u4eba\u5de5\u667a\u80fd\u5728\u6570\u5b57\u827a\u672f\u9886\u57df\u7684\u5e94\u7528\u3002\u8be5\u5de5\u5177\u6709\u671b\u901a\u8fc7\u63d0\u9ad8\u89c6\u89c9\u8d28\u91cf\u3001\u751f\u4ea7\u901f\u5ea6\u4ee5\u53ca\u6700\u7ec8\u63d0\u9ad8\u6bcf\u4e2a\u5de5\u4eba\u7684\u6536\u5165\u6765\u5f7b\u5e95\u6539\u53d8\u5de5\u4f5c\u6d41\u7a0b\u3002\u8fd9\u6b21\u5408\u4f5c\u52a0\u5f3a\u4e86\u552f\u6676\u7684\u5730\u4f4d\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u4e0d\u9700\u8981\u66f4\u591a\u4eba\u529b\u7684\u60c5\u51b5\u4e0b\u5904\u7406\u66f4\u591a\u671f\u9650\u66f4\u7d27\u6216\u66f4\u5927\u7684\u9879\u76ee\uff0c\u4ece\u800c\u91ca\u653e\u51fa\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u5728\u7f8e\u672f\u5916\u5305\u90e8\u95e8\u548c\u6e38\u620f\u5f00\u53d1\u90e8\u95e8\u7684\u5f3a\u52b2\u589e\u957f\u63a8\u52a8\u4e0b\uff0c\u4e0a\u534a\u5e74\u603b\u6536\u5165\u540c\u6bd4\u589e\u957f7.1%\uff0c\u8fbe\u52301,523\u4e07\u7f8e\u5143\uff0c\u5206\u522b\u589e\u957f6.6%\u548c8.1%\u3002<br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a<strong>\u4e70\u5165<\/strong>\uff0c\u76ee\u6807\u80a1\u4ef7\u4e3a<strong>0.35\u65b0\u5143<\/strong>\u3002<a href=\"https:\/\/www.kgieworld.sg\/research\/company-update-winking-studios-limited\/\">\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002<\/a><br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><br><strong><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-59993\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-8.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-8.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-8-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1227\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-9.jpeg\" alt=\"\" class=\"wp-image-59994\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-9.jpeg 1227w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-9-300x141.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-9-1024x480.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-9-768x360.jpeg 768w\" sizes=\"(max-width: 1227px) 100vw, 1227px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" alt=\"A long line of a white background\n\nDescription automatically generated with medium confidence\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-white-background-description-aut-16.png\" class=\"wp-image-59995\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-white-background-description-aut-16.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-white-background-description-aut-16-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Seatrium Ltd(STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u7684\u6f5c\u5728\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a2.23\uff0c\u76ee\u6807\u4ef7\uff1a2.43\uff0c\u6b62\u635f\u4ef7\uff1a2.13<\/strong><br>  <\/li>\n\n\n\n<li>Seatrium Ltd. \u662f\u4e00\u5bb6\u4e3a\u6d77\u4e0a\u3001\u8239\u8236\u548c\u80fd\u6e90\u884c\u4e1a\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u7684\u516c\u53f8\u3002\u516c\u53f8\u4e1a\u52a1\u6db5\u76d6\u94bb\u4e95\u5e73\u53f0\u548c\u6d6e\u5f0f\u751f\u4ea7\u88c5\u7f6e\u3001\u7ef4\u4fee\u548c\u5347\u7ea7\u3001\u6d77\u4e0a\u5e73\u53f0\u4ee5\u53ca\u4e13\u4e1a\u9020\u8239\u3002Seatrium \u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u67d4\u4f5b-\u65b0\u52a0\u5761\u7279\u522b\u7ecf\u6d4e\u533a\u9879\u76ee\u52a9\u529b\u80fd\u6e90\u8f6c\u578b\u3002 <\/strong>\u65b0\u52a0\u5761\u548c\u9a6c\u6765\u897f\u4e9a\u5171\u540c\u542f\u52a8\u4e86\u67d4\u4f5b-\u65b0\u52a0\u5761\u7ecf\u6d4e\u533a (JS-SEZ)\uff0c\u8fd9\u662f\u4e00\u9879\u4ee5\u7eff\u8272\u80fd\u6e90\u3001\u5148\u8fdb\u5236\u9020\u4e1a\u548c\u6c14\u5019\u53d8\u5316\u7f13\u89e3\u4e3a\u91cd\u70b9\u7684\u5408\u4f5c\u5021\u8bae\u3002 \u8be5\u7efc\u5408\u6846\u67b6\u6db5\u76d611\u4e2a\u5173\u952e\u9886\u57df\uff0c\u5305\u62ec\u5236\u9020\u4e1a\u3001\u7269\u6d41\u3001\u7cae\u98df\u5b89\u5168\u3001\u65c5\u6e38\u4e1a\u3001\u80fd\u6e90\u3001\u6570\u5b57\u7ecf\u6d4e\u3001\u7eff\u8272\u7ecf\u6d4e\u3001\u91d1\u878d\u670d\u52a1\u3001\u5546\u4e1a\u670d\u52a1\u3001\u6559\u80b2\u548c\u533b\u7597\u4fdd\u5065\u3002 \u8be5\u5021\u8bae\u65e8\u5728\u672a\u6765\u5341\u5e74\u5185\u5b9e\u73b0100\u4e2a\u9879\u76ee\u5e76\u521b\u902020,000\u4e2a\u5c31\u4e1a\u673a\u4f1a\u3002 JS-SEZ\u7684\u4e00\u4e2a\u5173\u952e\u7ec4\u6210\u90e8\u5206\u662f\u52a0\u901f\u4e24\u56fd\u4e4b\u95f4\u7684\u53ef\u518d\u751f\u80fd\u6e90\u4ea4\u6613\u3002 \u8fd9\u5305\u62ec\u4e00\u987950\u5146\u74e6\u7684\u7eff\u8272\u7535\u529b\u4ea4\u6613\u548c\u4ece\u9a6c\u6765\u897f\u4e9a\u8fdb\u53e31\u5409\u74e6\u6c34\u7535\u7684\u8ba1\u5212\u3002 \u968f\u77402023\u5e74\u53cc\u8fb9\u8d38\u6613\u989d\u8fbe\u52301326\u4ebf\u7f8e\u5143\uff0cJS-SEZ\u52a0\u5f3a\u4e86\u7ecf\u6d4e\u8054\u7cfb\uff0c\u5e76\u5c06\u8be5\u5730\u533a\u5b9a\u4f4d\u4e3a\u53ef\u6301\u7eed\u6027\u548c\u80fd\u6e90\u8f6c\u578b\u7684\u5168\u7403\u9886\u5bfc\u8005\u3002 \u901a\u8fc7\u5229\u7528\u5176\u5728\u6d77\u4e0a\u80fd\u6e90\u3001\u9020\u8239\u548c\u6d77\u6d0b\u6280\u672f\u65b9\u9762\u7684\u4e13\u4e1a\u77e5\u8bc6\uff0cSeatrium\u53ef\u4ee5\u5b9a\u4f4d\u81ea\u5df1\uff0c\u5728JS-SEZ\u7684\u6210\u529f\u4e2d\u53d1\u6325\u91cd\u8981\u4f5c\u7528\uff0c\u5e76\u4e3a\u8be5\u5730\u533a\u7684\u53ef\u6301\u7eed\u53d1\u5c55\u76ee\u6807\u505a\u51fa\u8d21\u732e\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e0eBP\u7b7e\u8ba2\u65b0\u5408\u540c\u3002<\/strong>Seatrium Ltd. \u8fd1\u671f\u5ba3\u5e03\u4e0eBP\u52d8\u63a2\u4e0e\u751f\u4ea7\u516c\u53f8 (bp) \u7b7e\u8ba2\u4e86\u4e00\u4efd\u5de5\u7a0b\u3001\u91c7\u8d2d\u3001\u65bd\u5de5\u548c\u9646\u4e0a\u8c03\u8bd5 (EPC) \u5408\u540c\uff0c\u4e3a\u7f8e\u56fd\u58a8\u897f\u54e5\u6e7e\u7684 Kaskida \u6d6e\u5f0f\u751f\u4ea7\u88c5\u7f6e (FPU) \u9879\u76ee\u63d0\u4f9b\u670d\u52a1\u3002Kaskida \u9879\u76ee\u4f4d\u4e8e\u65b0\u5965\u5c14\u826f\u897f\u5357\u7ea6 250 \u82f1\u91cc\u5904\u7684 Keathley Canyon \u5730\u533a\uff0c\u662f\u4e00\u4e2a\u7eff\u5730\u5f00\u53d1\u9879\u76ee\u3002\u5728\u7b2c\u4e00\u9636\u6bb5\u5f00\u53d1\u4e2d\uff0cFPU \u8bbe\u8ba1\u65e5\u4ea7\u539f\u6cb9\u9ad8\u8fbe 80,000 \u6876\uff0c\u5171\u516d\u53e3\u4e95\u3002\u8be5\u5408\u540c\u9884\u8ba1\u5c06\u663e\u8457\u63d0\u5347 Seatrium \u7684\u957f\u671f\u6536\u5165\u548c\u76c8\u5229\u80fd\u529b\uff0c\u589e\u5f3a\u5176\u5728\u6d77\u4e0a\u80fd\u6e90\u9886\u57df\u7684\u5e02\u573a\u5730\u4f4d\u3002<br>  <\/li>\n\n\n\n<li><strong>\u8ba2\u5355\u5145\u8db3\u524d\u666f\u4e50\u89c2\u3002<\/strong>\u622a\u81f3 2024 \u5e74 9 \u6708\u5e95\uff0cSeatrium \u7684\u51c0\u8ba2\u5355\u91cf\u8fbe\u5230 244 \u4ebf\u7f8e\u5143\uff0c\u5305\u62ec 30 \u4e2a\u9879\u76ee\uff0c\u8ba1\u5212\u4e8e 2031 \u5e74\u4e4b\u524d\u4ea4\u4ed8\u3002\u603b\u8ba2\u5355\u989d\u63a5\u8fd1 380 \u4ebf\u7f8e\u5143\uff0c\u5c06\u5728\u672a\u6765\u5341\u5e74\u5185\u4ea4\u4ed8\u3002\u516c\u53f8\u7684\u9879\u76ee\u7ba1\u9053\u4f9d\u7136\u5f3a\u52b2\uff0c\u5ba2\u6237\u5bfb\u6c42\u5408\u4f5c\u7684\u5174\u8da3\u6301\u7eed\u9ad8\u6da8\u3002Seatrium \u9884\u8ba1\u4e1a\u52a1\u6d3b\u52a8\u5c06\u5927\u5e45\u589e\u957f\uff0c\u5e76\u81f4\u529b\u4e8e\u964d\u4f4e\u503a\u52a1\u6c34\u5e73\uff0c\u540c\u65f6\u5bfb\u6c42\u65b0\u7684\u8d44\u91d1\u6765\u652f\u6301\u5f53\u524d\u548c\u672a\u6765\u7684\u9879\u76ee\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u00a024\u5e74\u4e0a\u534a\u5e74\u6536\u5165\u540c\u6bd4\u589e\u957f39.1%\uff0c\u8fbe\u523040.1\u4ebf\u65b0\u5143\uff0c\u800c23\u5e74\u540c\u671f\u4e3a28.9\u4ebf\u65b0\u5143\u300224\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a3470\u4e07\u65b0\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c23\u5e74\u540c\u671f\u51c0\u4e8f\u635f2.405\u4ebf\u65b0\u5143\u300224\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a1.05\u65b0\u52a0\u5761\u5206\uff0c\u800c23\u5e74\u540c\u671f\u4e3a\u6bcf\u80a1\u4e8f\u635f9.40\u65b0\u52a0\u5761\u5206\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><br><strong><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-59996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-box-with-white-text-28.png\" alt=\"A blue and white rectangular box with white text\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-box-with-white-text-28.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-box-with-white-text-28-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"1229\" height=\"558\" class=\"wp-image-59997\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-5.jpeg\" alt=\"A graph with lines and numbers\n\nDescription automatically generated with medium confidence\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-5.jpeg 1229w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-5-300x136.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-5-1024x465.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-5-768x349.jpeg 768w\" sizes=\"(max-width: 1229px) 100vw, 1229px\" \/> <\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/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\/2025\/01\/word-image-59939-13.png\" class=\"wp-image-59998\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-13-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-59939-_f3bvj0c8rd86\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-14.png\" class=\"wp-image-59999\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-59939-_34eo5yf8y7pj\"><\/a><strong>\u817e\u8baf (700 HK)\uff1a\u672a\u6765\u5c06\u7ee7\u7eed\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a375\uff0c\u76ee\u6807\u4ef7\uff1a425\uff0c\u6b62\u635f\u4ef7\uff1a350<\/strong><br>  <\/li>\n\n\n\n<li>\u817e\u8baf\u63a7\u80a1\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u63d0\u4f9b\u589e\u503c\u670d\u52a1\uff08VAS\uff09\u3001\u7f51\u7edc\u5e7f\u544a\u670d\u52a1\u4ee5\u53ca\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u4e1a\u670d\u52a1\u7684\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u56db\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u589e\u503c\u670d\u52a1\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u63d0\u4f9b\u7f51\u7edc\u6e38\u620f\u3001\u89c6\u9891\u53f7\u76f4\u64ad\u670d\u52a1\u548c\u89c6\u9891\u4ed8\u8d39\u4f1a\u5458\u670d\u52a1\u7b49\u793e\u4ea4\u7f51\u7edc\u670d\u52a1\u3002\u7f51\u7edc\u5e7f\u544a\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u5a92\u4f53\u5e7f\u544a\u3001\u793e\u4ea4\u53ca\u5176\u4ed6\u5e7f\u544a\u4e1a\u52a1\u3002\u91d1\u878d\u79d1\u6280\u53ca\u4f01\u4e1a\u670d\u52a1\u4e3b\u8981\u63d0\u4f9b\u5546\u4e1a\u652f\u4ed8\u3001\u91d1\u878d\u79d1\u6280\u53ca\u4e91\u670d\u52a1\u3002\u5176\u4ed6\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u6295\u8d44\u3001\u4e3a\u7b2c\u4e09\u65b9\u5236\u4f5c\u4e0e\u53d1\u884c\u7535\u5f71\u53ca\u7535\u89c6\u8282\u76ee\u3001\u5185\u5bb9\u6388\u6743\uff0c\u5546\u54c1\u9500\u552e\u53ca\u5176\u4ed6\u6d3b\u52a8\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6f5c\u5728\u7684\u65b0\u5408\u4f5c\u9879\u76ee\u3002<\/strong>\u636e\u62a5\u9053\uff0c\u817e\u8baf\u63a7\u80a1\u6709\u9650\u516c\u53f8\u4e0e\u80b2\u78a7\u7684\u5409\u5217\u83ab\u5bb6\u65cf\u6b63\u63a2\u8ba8\u4e00\u9879\u53ef\u80fd\u91cd\u5851\u5168\u7403\u6e38\u620f\u884c\u4e1a\u7684\u65b0\u5408\u4f5c\u9879\u76ee\u3002\u636e\u300a\u5f6d\u535a\u793e\u300b\u62a5\u9053\uff0c\u53cc\u65b9\u6b63\u5728\u8ba8\u8bba\u5229\u7528\u80b2\u78a7\u7684\u4e00\u4e9b\u91cd\u8981\u8d44\u4ea7\u6210\u7acb\u4e00\u5bb6\u5408\u8d44\u4f01\u4e1a\uff0c\u53ef\u80fd\u5141\u8bb8\u817e\u8baf\u5165\u80a1\uff0c\u540c\u65f6\u786e\u4fdd\u5409\u5217\u83ab\u5bb6\u65cf\u7ee7\u7eed\u638c\u63a7\u80b2\u78a7\u3002\u8fd9\u4e00\u8ba1\u5212\u6709\u671b\u663e\u8457\u589e\u5f3a\u817e\u8baf\u5728\u56fd\u9645\u6e38\u620f\u5e02\u573a\uff0c\u5c24\u5176\u662f\u4e2d\u56fd\u4ee5\u5916\u5730\u533a\u7684\u5f71\u54cd\u529b\u3002\u901a\u8fc7\u5165\u80a1\u8fd9\u4e00\u65b0\u5408\u4f5c\u9879\u76ee\uff0c\u817e\u8baf\u5c06\u83b7\u5f97\u5bf9\u80b2\u78a7\u77e5\u540d\u6e38\u620f\u548c\u7cfb\u5217\u4f5c\u54c1\u66f4\u5927\u7684\u5f71\u54cd\u529b\uff0c\u8fd9\u4e9b\u4f5c\u54c1\u5728\u5168\u7403\u62e5\u6709\u5e7f\u6cdb\u7684\u7c89\u4e1d\u7fa4\u4f53\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4ea7\u54c1\u5347\u7ea7\u3002<\/strong>\u817e\u8baf\u5bf9\u5176\u817e\u8baf\u4f1a\u8bae\u5e73\u53f0\u8fdb\u884c\u4e86\u91cd\u5927\u5347\u7ea7\uff0c\u65b0\u589e\u4e86\u591a\u9879\u589e\u5f3a\u529f\u80fd\u3002\u5728\u667a\u80fd\u5316\u65b9\u9762\uff0c\u516c\u53f8\u63a8\u51fa\u4e86\u57fa\u4e8e\u817e\u8baf\u8d85\u751f\u6210\u6a21\u578b\u7684\u817e\u8baf\u4f1a\u8bae AI \u52a9\u7406\u4e13\u4e1a\u7248\u3002\u5728\u7ec4\u7ec7\u534f\u4f5c\u65b9\u9762\uff0c\u5e73\u53f0\u73b0\u5728\u652f\u6301\u6dfb\u52a0\u8054\u7cfb\u4eba\u3001\u62e8\u6253\u7535\u8bdd\u548c\u9009\u62e9\u53c2\u4f1a\u8005\u7b49\u529f\u80fd\u3002\u6b64\u5916\uff0c\u6240\u6709\u7528\u6237\u5747\u53ef\u5728\u817e\u8baf\u4f1a\u8bae\u4e2d\u521b\u5efa\u7ec4\u7ec7\u3002\u6b64\u6b21\u66f4\u65b0\u8fd8\u5141\u8bb8\u7528\u6237\u5bf9\u5916\u5c55\u793a\u8ba4\u8bc1\u8eab\u4efd\uff0c\u4ece\u800c\u589e\u5f3a\u5728\u7ebf\u6c9f\u901a\u7684\u4fe1\u4efb\u5ea6\u3002\u672c\u6b21\u5347\u7ea7\u65e8\u5728\u63d0\u5347\u5728\u7ebf\u534f\u4f5c\u6548\u7387\uff0c\u4e3a\u7528\u6237\u5e26\u6765\u66f4\u667a\u80fd\u3001\u9ad8\u6548\u548c\u4fbf\u6377\u7684\u4f1a\u8bae\u4f53\u9a8c\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6295\u8d44\u4eba\u5de5\u667a\u80fd\u3002<\/strong>\u7ee7\u7eed\u5173\u6ce8\u4eba\u5de5\u667a\u80fd\u9886\u57df\u7684\u65b0\u589e\u957f\u673a\u4f1a\u3002\u5728\u6700\u65b0\u7684\u8d22\u62a5\u4e2d\uff0c\u817e\u8baf\u6982\u8ff0\u4e86\u5bfb\u6c42\u65b0\u7684\u589e\u957f\u9014\u5f84\u7684\u8ba1\u5212\uff0c\u5305\u62ec\u63a8\u8fdb\u5176\u4e13\u6709\u7684\u6d51\u6e90\u5927\u8bed\u8a00\u6a21\u578b\u5728\u5404\u4e2a\u884c\u4e1a\u7684\u91c7\u7528\uff0c\u5e76\u4e3a\u4f01\u4e1a\u5ba2\u6237\u589e\u5f3a\u5176\u4eba\u5de5\u667a\u80fd\u57fa\u7840\u8bbe\u65bd\u3002\u8be5\u516c\u53f8\u5f3a\u8c03\uff0c\u5b83\u5df2\u7ecf\u4ece\u5c06\u4eba\u5de5\u667a\u80fd\u96c6\u6210\u5230\u5176\u4ea7\u54c1\u548c\u8fd0\u8425\u4e2d\uff08\u5305\u62ec\u8425\u9500\u670d\u52a1\u548c\u4e91\u8ba1\u7b97\u7b49\u9886\u57df\uff09\u83b7\u5f97\u4e86\u5207\u5b9e\u7684\u597d\u5904\uff0c\u5e76\u5c06\u7ee7\u7eed\u81f4\u529b\u4e8e\u6295\u8d44\u4e8e\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u6280\u672f\u3001\u5de5\u5177\u548c\u89e3\u51b3\u65b9\u6848\uff0c\u4ee5\u652f\u6301\u7528\u6237\u548c\u5408\u4f5c\u4f19\u4f34\u3002\u817e\u8baf\u8fd8\u5728\u4e91\u8ba1\u7b97\u9886\u57df\u63a2\u7d22\u65b0\u7684\u6d77\u5916\u673a\u4f1a\uff0c\u65e8\u5728\u5229\u7528\u5168\u7403\u5bf9\u4eba\u5de5\u667a\u80fd\u6280\u672f\u7684\u9700\u6c42\u6765\u5e94\u5bf9\u4e2d\u56fd\u65e5\u76ca\u6fc0\u70c8\u7684\u7ade\u4e89\u3002\u5728\u4e2d\u56fd\uff0c\u8001\u724c\u4f01\u4e1a\u548c\u521d\u521b\u4f01\u4e1a\u90fd\u5728\u8fdb\u884c\u6fc0\u70c8\u7684\u4ef7\u683c\u7ade\u4e89\u3002\u8fd9\u4e9b\u4e3e\u63aa\u53ef\u80fd\u4e3a\u672a\u6765\u51e0\u5e74\u7684\u8fdb\u4e00\u6b65\u589e\u957f\u94fa\u5e73\u9053\u8def\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u8d22\u5e74\u7b2c\u4e09\u5b63\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u7b2c\u4e09\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f8%\u81f3\u4eba\u6c11\u5e011,672\u4ebf\u5143\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a\u4eba\u6c11\u5e011,546\u4ebf\u5143\u3002\u7b2c\u4e09\u5b63\u5ea6\u51c0\u5229\u6da6\u589e\u957f47%\u81f3540\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c\u7b2c\u4e09\u5b63\u5ea6\u4e3a368\u4ebf\u5143\u4eba\u6c11\u5e01\u300224\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u57fa\u672c\u6536\u76ca\u4e3a\u4eba\u6c11\u5e015.762\u5143\uff0c\u800c23\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e3a\u4eba\u6c11\u5e013.828\u5143\uff0c\u540c\u6bd4\u589e\u957f51%\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br><strong><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-60000\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-15-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1227\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-16.jpeg\" alt=\"\" class=\"wp-image-60001\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-16.jpeg 1227w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-16-300x141.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-16-1024x480.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-16-768x360.jpeg 768w\" sizes=\"(max-width: 1227px) 100vw, 1227px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\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\/2025\/01\/word-image-59939-17.png\" class=\"wp-image-60002\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e2d\u56fd\u94dd\u4e1a(2600 HK)\uff1a\u94dd\u4ef7\u53cd\u5f39<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.80\uff0c\u76ee\u6807\u4ef7\uff1a5.40\uff0c\u6b62\u635f\u4ef7\uff1a4.50<\/strong><br>  <\/li>\n\n\n\n<li>\u4e2d\u56fd\u94dd\u4e1a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u539f\u94dd\u548c\u94dd\u5236\u54c1\u751f\u4ea7\u548c\u9500\u552e\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u4e94\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u6c27\u5316\u94dd\u5206\u90e8\u4ece\u4e8b\u94dd\u571f\u77ff\u7684\u5f00\u91c7\u548c\u8d2d\u4e70\u3001\u6c27\u5316\u94dd\u3001\u4ee5\u53ca\u94dd\u77fe\u571f\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u539f\u94dd\u5206\u90e8\u4ece\u4e8b\u6c27\u5316\u94dd\u7684\u7535\u89e3\uff0c\u539f\u94dd\u3001\u78b3\u7d20\u4ea7\u54c1\u3001\u94dd\u5408\u91d1\u53ca\u5176\u4ed6\u7535\u89e3\u94dd\u4ea7\u54c1\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u80fd\u6e90\u5206\u90e8\u4ece\u4e8b\u7164\u77ff\u5f00\u91c7\u3001\u706b\u529b\u53d1\u7535\u3001\u98ce\u529b\u53d1\u7535\u53ca\u5149\u4f0f\u53d1\u7535\u3001\u65b0\u80fd\u6e90\u88c5\u5907\u5236\u9020\u4e1a\u52a1\u7b49\u3002\u8d38\u6613\u5206\u90e8\u4ece\u4e8b\u6c27\u5316\u94dd\u3001\u539f\u94dd\u3001\u94dd\u52a0\u5de5\u4ea7\u54c1\u53ca\u5176\u4ed6\u6709\u8272\u91d1\u5c5e\u4ea7\u54c1\u548c\u7164\u70ad\u7b49\u7684\u8d38\u6613\u3002\u603b\u90e8\u53ca\u5176\u4ed6\u7ecf\u8425\u5206\u90e8\u4ece\u4e8b\u603b\u90e8\u7ba1\u7406\u3001\u7814\u53d1\u6d3b\u52a8\u53ca\u5176\u4ed6\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u94dd\u4ef7\u53cd\u5f39\u3002<\/strong>\u94dd\u671f\u8d27\u4ef7\u683c\u7a81\u7834\u6bcf\u54282600\u7f8e\u5143\uff0c\u4ece1\u67086\u65e5\u521b\u4e0b\u7684\u8fd1\u56db\u4e2a\u6708\u4f4e\u70b92490\u7f8e\u5143\u5927\u5e45\u53cd\u5f39\u3002\u8fd9\u4e00\u6da8\u52bf\u4e0e\u57fa\u672c\u91d1\u5c5e\u7684\u6574\u4f53\u4e0a\u6da8\u8d8b\u52bf\u4e00\u81f4\uff0c\u56e0\u4e2d\u56fd\u91ca\u653e\u8fdb\u4e00\u6b65\u63d0\u632f\u6d88\u8d39\u7684\u4fe1\u53f7\uff0c\u6539\u5584\u4e86\u5bf9\u5236\u9020\u4e1a\u539f\u6750\u6599\u7684\u9700\u6c42\u524d\u666f\u30022023\u5e7412\u6708\uff0c\u4e2d\u56fd\u7684\u793e\u4f1a\u878d\u8d44\u89c4\u6a21\u548c\u65b0\u589e\u4eba\u6c11\u5e01\u8d37\u6b3e\u8d85\u51fa\u9884\u671f\uff0c\u53cd\u6620\u51fa\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\uff08PBoC\uff09\u63a8\u51fa\u7684\u6fc0\u8fdb\u8d27\u5e01\u523a\u6fc0\u653f\u7b56\u5f00\u59cb\u5bf9\u4fe1\u8d37\u9700\u6c42\u4ea7\u751f\u5f71\u54cd\u3002\u8fd9\u4e9b\u8fdb\u5c55\u7d27\u968f\u653f\u5e9c\u627f\u8bfa\u901a\u8fc7\u6269\u5927\u8d64\u5b57\u652f\u51fa\u548c\u66f4\u5bbd\u677e\u7684\u8d27\u5e01\u653f\u7b56\u6765\u523a\u6fc0\u7ecf\u6d4e\u6d3b\u52a8\u4e4b\u540e\u3002\u6b64\u5916\uff0c\u4e2d\u56fd\u4ee5\u5916\u7684\u94dd\u671f\u8d27\u4e5f\u53d7\u5230\u652f\u6491\uff0c\u5f97\u76ca\u4e8e\u5317\u4eac\u53d6\u6d88\u94dd\u534a\u6210\u54c1\u51fa\u53e3\u9000\u7a0e\u7684\u51b3\u5b9a\uff0c\u8fd9\u4e00\u653f\u7b56\u63d0\u632f\u4e86\u5168\u7403\u6700\u5927\u94dd\u751f\u4ea7\u56fd\u4ee5\u5916\u5e02\u573a\u7684\u94dd\u9700\u6c42\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u94dd\u73b0\u8d27\u4ef7\u683c<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1229\" height=\"580\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-6.jpeg\" alt=\"A graph with lines and numbers\n\nDescription automatically generated with medium confidence\" class=\"wp-image-60003\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-6.jpeg 1229w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-6-300x142.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-6-1024x483.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-with-lines-and-numbers-description-automa-6-768x362.jpeg 768w\" sizes=\"(max-width: 1229px) 100vw, 1229px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6f5c\u5728\u7684\u94dd\u5236\u88c1\u3002<\/strong>\u636e\u62a5\u9053\uff0c\u6b27\u76df\u6b63\u5728\u8003\u8651\u5bf9\u4fc4\u7f57\u65af\u94dd\u5b9e\u65bd\u989d\u5916\u7684\u8fdb\u53e3\u9650\u5236\uff0c\u4f5c\u4e3a\u5176\u9488\u5bf9\u83ab\u65af\u79d1\u7684\u7b2c16\u8f6e\u5236\u88c1\u7684\u4e00\u90e8\u5206\uff0c\u4ee5\u56de\u5e94\u4fc4\u7f57\u65af\u5bf9\u4e4c\u514b\u5170\u7684\u5165\u4fb5\u3002\u8fd9\u4e9b\u63aa\u65bd\u9884\u8ba1\u5c06\u4e0e\u6218\u4e89\u4e09\u5468\u5e74\u540c\u6b65\u63a8\u51fa\u3002\u636e\u62a5\u9053\uff0c\u8fd9\u4e9b\u9650\u5236\u63aa\u65bd\u5c06\u9010\u6b65\u5b9e\u65bd\uff0c\u5177\u4f53\u65f6\u95f4\u8868\u548c\u8303\u56f4\u5c1a\u672a\u6700\u7ec8\u786e\u5b9a\u3002\u4fc4\u7f57\u65af\u662f\u4e2d\u56fd\u4ee5\u5916\u5168\u7403\u6700\u5927\u7684\u94dd\u751f\u4ea7\u56fd\uff0c\u5360\u5168\u7403\u94dd\u4ea7\u91cf\u7684\u7ea65%\u3002\u5982\u679c\u5236\u88c1\u843d\u5b9e\uff0c\u53ef\u80fd\u4f1a\u6270\u4e71\u5168\u7403\u94dd\u4f9b\u5e94\u94fe\uff0c\u52a0\u5267\u672c\u5df2\u7d27\u5f20\u7684\u5e02\u573a\u538b\u529b\uff0c\u4ece\u800c\u63a8\u52a8\u94dd\u4ef7\u4e0a\u6da8\uff0c\u53cd\u6620\u51fa\u4f9b\u5e94\u51cf\u5c11\u7684\u9884\u671f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u62e5\u62b1\u4eba\u5de5\u667a\u80fd\u3002<\/strong>\u4e2d\u56fd\u94dd\u4e1a\u516c\u53f8\uff08Chalco\uff09\u8fd1\u65e5\u5ba3\u5e03\u4e0e\u6709\u8272\u91d1\u5c5e\u884c\u4e1a\u540c\u884c\u8fbe\u6210\u6218\u7565\u5408\u4f5c\uff0c\u5171\u540c\u63a8\u8fdb\u5927\u578b\u4eba\u5de5\u667a\u80fd\u6a21\u578b\u7684\u6570\u5b57\u5316\u5f00\u53d1\u548c\u5e94\u7528\u3002\u8be5\u8ba1\u5212\u9884\u8ba1\u5c06\u83b7\u5f97\u4e2d\u56fd\u6709\u8272\u91d1\u5c5e\u5de5\u4e1a\u534f\u4f1a\u3001\u76f8\u5173\u653f\u5e9c\u90e8\u95e8\u53ca\u5176\u4ed6\u5408\u4f5c\u4f19\u4f34\u7684\u652f\u6301\u3002\u4f5c\u4e3a\u6709\u8272\u91d1\u5c5e\u9886\u57df\u7684\u9f99\u5934\u4f01\u4e1a\uff0c\u4e2d\u56fd\u94dd\u4e1a\u5df2\u5efa\u7acb\u81ea\u4e3b\u53ef\u63a7\u7684\u4eba\u5de5\u667a\u80fd\u8ba1\u7b97\u4e2d\u5fc3\uff0c\u5e76\u5f00\u53d1\u4e86\u4e1a\u5185\u9996\u4e2a\u901a\u7528\u578b\u5927\u8bed\u8a00\u6a21\u578b\u201c\u6606\u5b89\u201d\u3002\u6606\u5b89\u5229\u7528\u4eba\u5de5\u667a\u80fd\u6280\u672f\uff0c\u4f18\u5316\u884c\u4e1a\u7684\u8fd0\u8425\u5de5\u4f5c\u6d41\u7a0b\uff0c\u8986\u76d6\u52d8\u63a2\u3001\u5f00\u91c7\u3001\u52a0\u5de5\u548c\u56de\u6536\u7b49\u591a\u4e2a\u73af\u8282\u3002\u6b64\u5916\uff0c\u6606\u5b89\u8fd8\u5f3a\u5316\u4e86\u77ff\u4ea7\u8d44\u6e90\u3001\u751f\u4ea7\u6d41\u7a0b\u3001\u7f51\u7edc\u3001\u6570\u636e\u548c\u7b97\u6cd5\u7b49\u5173\u952e\u9886\u57df\u7684\u5b89\u5168\u4fdd\u969c\u3002\u5c55\u671b\u672a\u6765\uff0c\u4e2d\u56fd\u94dd\u4e1a\u8ba1\u5212\u8fdb\u4e00\u6b65\u5de9\u56fa\u5927\u578b\u4eba\u5de5\u667a\u80fd\u6a21\u578b\u7684\u6280\u672f\u57fa\u7840\uff0c\u52a0\u5feb\u8ba4\u77e5\u667a\u80fd\u64cd\u4f5c\u7cfb\u7edf\u548c\u5173\u952e\u5de5\u4e1a\u4eba\u5de5\u667a\u80fd\u6280\u672f\u7684\u7a81\u7834\uff0c\u5e76\u63a8\u52a8\u8d44\u672c\u3001\u4eba\u624d\u3001\u6280\u672f\u3001\u6570\u636e\u548c\u7b97\u529b\u7684\u6df1\u5ea6\u878d\u5408\u3002\u8fd9\u79cd\u534f\u540c\u6548\u5e94\u5c06\u4fc3\u8fdb\u534f\u540c\u521b\u65b0\uff0c\u63a8\u52a8\u884c\u4e1a\u5411\u9ad8\u8d28\u91cf\u53d1\u5c55\u8fc8\u8fdb\uff0c\u5e76\u52a0\u901f\u57f9\u80b2\u65b0\u7684\u9ad8\u4ef7\u503c\u751f\u4ea7\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6536\u76ca\u30022024\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u4e1a\u6536\u5165\u540c\u6bd4\u589e\u957f16.04%\u81f3631\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e3a543\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u51c0\u5229\u6da6\u589e\u957f3.34%\u81f320\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e3a19.4\u4ebf\u5143\u4eba\u6c11\u5e01\u30022024\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u57fa\u672c\u6536\u76ca\u4e3a0.116\u5143\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e3a0.111\u5143\u3002<\/strong><br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><\/li>\n<\/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\/2025\/01\/a-blue-and-white-rectangular-object-with-white-tex-7.png\" alt=\"A blue and white rectangular object with white text\n\nDescription automatically generated\" class=\"wp-image-60004\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-object-with-white-tex-7.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-object-with-white-tex-7-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1229\" height=\"558\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-of-stock-market-description-automatically-5.jpeg\" alt=\"A graph of stock market\n\nDescription automatically generated\" class=\"wp-image-60005\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-of-stock-market-description-automatically-5.jpeg 1229w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-of-stock-market-description-automatically-5-300x136.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-of-stock-market-description-automatically-5-1024x465.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-of-stock-market-description-automatically-5-768x349.jpeg 768w\" sizes=\"(max-width: 1229px) 100vw, 1229px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\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\/2025\/01\/word-image-59939-21.png\" alt=\"\" class=\"wp-image-60006\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-21.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-21-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-59939-_6xzuwbi3dcr\"><\/a><strong><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-22.png\" class=\"wp-image-60007\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-22.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-22-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-22-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AppLovin Corporation (APP US)\uff1a\u5229\u7528\u4eba\u5de5\u667a\u80fd\u91ca\u653e\u5e7f\u544a\u6f5c\u529b<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a330\uff0c\u76ee\u6807\u4ef7\uff1a370\uff0c\u6b62\u635f\u4ef7\uff1a330<\/strong><br>  <\/li>\n\n\n\n<li>AppLovin Corporation \u81f4\u529b\u4e8e\u5efa\u7acb\u4e00\u4e2a\u8f6f\u4f53\u5e73\u53f0\uff0c\u5e2e\u52a9\u5e7f\u544a\u5546\u5728\u7f8e\u56fd\u53ca\u56fd\u9645\u5e02\u573a\u63d0\u5347\u5176\u5185\u5bb9\u7684\u884c\u9500\u4e0e\u53d8\u73b0\u80fd\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>AI+\u79fb\u52a8\u5e7f\u544a \u3002<\/strong>\u516c\u53f8\u7b2c\u4e09\u5b63\u4e1a\u7ee9\u8d85\u534e\u5c14\u8857\u9884\u671f\uff0c\u65d7\u4e0b\u7684\u4eba\u5de5\u667a\u80fd\u5e7f\u544a\u63a8\u8350\u5f15\u64ceAxon\u662f\u4e1a\u7ee9\u63d0\u5347\u7684\u91cd\u8981\u56e0\u7d20\u3002 Axon \u5229\u7528\u4eba\u5de5\u667a\u80fd\u6280\u672f\uff0c\u5206\u6790\u5e7f\u544a\u8868\u73b0\u6570\u636e\uff0c\u5b9e\u73b0\u81ea\u52a8\u5316\u7684\u5e7f\u544a\u4f18\u5316\uff0c\u5e2e\u52a9\u5e7f\u544a\u5546\u4ee5\u66f4\u9ad8\u7684\u7cbe\u51c6\u5ea6\u89e6\u53ca\u76ee\u6807\u53d7\u4f17\u3002\u8be5\u5f15\u64ce\u65e0\u7f1d\u6574\u5408\u516c\u53f8\u7684MAX\u5e73\u53f0\uff0c\u7528\u4e8e\u63d0\u5347\u5e7f\u544a\u53d8\u73b0\u80fd\u529b\uff0c\u540c\u65f6\u786e\u4fdd\u7528\u6237\u4f53\u9a8c\u4e0d\u53d7\u5f71\u54cd\u3002 Axon\u80fd\u591f\u81ea\u52a8\u6267\u884c\u591a\u91cd\u6d4b\u8bd5\uff08\u5982 A\/B \u6d4b\u8bd5\uff09\uff0c\u5e76\u6839\u636e\u7ed3\u679c\u6301\u7eed\u8c03\u6574\u5e7f\u544a\u7b56\u7565\uff0c\u51cf\u5c11\u4eba\u529b\u64cd\u4f5c\u7684\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5b9a\u4f4d\u624b\u673a\u6e38\u620f\u5e7f\u544a\u3002 <\/strong>\u516c\u53f8\u7684\u4ea7\u54c1\u57282024\u5e74\u65e5\u6d3b\u8dc3\u7528\u6237\u8fbe14\u4ebf\uff0c\u800c\u65d7\u4e0b\u7684\u6240\u7528\u5e94\u7528\u7a0b\u5f0f\u9488\u5bf9\u7684\u662f\u624b\u673a\u6e38\u620f\u5e7f\u544a\u5e02\u573a\u3002\u79fb\u52a8\u5e7f\u544a\u5e02\u573a\u7684\u7ade\u4e89\u5bf9\u624b\u662fMeta\u3001Unity\u53caIronSource\u7b49\uff0c\u4f46\u7531\u4e8e\u516c\u53f8\u7b56\u7565\u662f\u9488\u5bf9\u624b\u673a\u6e38\u620f\uff0c\u8be5\u7ec6\u5206\u5e02\u573a\u7b56\u7565\u4ee4\u6e38\u620f\u5f00\u53d1\u5546\u66f4\u613f\u610f\u9009\u62e9Applovin\u5e73\u53f0\u6295\u653e\u5e7f\u544a\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u50ac\u5316\u5242\u56e0\u7d20\u3002 <\/strong>AXON AI \u6280\u672f\u7684\u6301\u7eed\u8fdb\u6b65\uff0c\u8fd9\u4e0d\u4ec5\u4f7f\u516c\u53f8\u80fd\u591f\u62d3\u5c55\u81f3\u7535\u5b50\u5546\u52a1\u548c\u8fde\u7f51\u7535\u89c6\u7b49\u65b0\u5782\u76f4\u9886\u57df\uff0c\u8fd8\u63a8\u52a8\u4e86\u5176\u6838\u5fc3\u4e1a\u52a1\u2014\u2014\u624b\u673a\u6e38\u620f\u5e7f\u544a\u7684\u663e\u8457\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>Applovin\u7684\u6536\u5165\u540c\u6bd4\u589e\u957f38.8%\u81f312\u4ebf\u7f8e\u5143\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e3a11\u4ebf\u7f8e\u5143\u3002 \u8be5\u5b63\u5ea6\u5b9e\u73b0GAAP\u6bcf\u80a1\u6536\u76ca1.25\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.32\u7f8e\u5143\u3002 \u8463\u4e8b\u4f1a\u5c06\u80a1\u7968\u56de\u8d2d\u6388\u6743\u589e\u52a0\u4e8620\u4ebf\u7f8e\u5143\uff0c\u4f7f\u5176\u603b\u5269\u4f59\u6388\u6743\u989d\u589e\u52a0\u81f323\u4ebf\u7f8e\u5143\uff0c\u672a\u6765\u56de\u8d2d\u5c06\u7531\u81ea\u7531\u73b0\u91d1\u6d41\u63d0\u4f9b\u8d44\u91d1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><\/li>\n<\/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\/2025\/01\/word-image-59939-23.png\" alt=\"\" class=\"wp-image-60008\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-23.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-23-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1228\" height=\"538\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-24.jpeg\" alt=\"\" class=\"wp-image-60009\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-24.jpeg 1228w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-24-300x131.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-24-1024x449.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-24-768x336.jpeg 768w\" sizes=\"(max-width: 1228px) 100vw, 1228px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\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\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" alt=\"A long line of a flag\n\nDescription automatically generated with medium confidence\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-flag-description-automatically-g-16.png\" class=\"wp-image-60010\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-flag-description-automatically-g-16.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-flag-description-automatically-g-16-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-long-line-of-a-flag-description-automatically-g-16-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u535a\u901a\u516c\u53f8(AVGO US)\uff1a\u8ba2\u5355\u7c3f\u5df2\u83b7\u4fdd\u969c<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a224\uff0c\u76ee\u6807\u4ef7\uff1a250\uff0c\u6b62\u635f\u4ef7\uff1a211<\/strong><br>  <\/li>\n\n\n\n<li>\u535a\u901a\u516c\u53f8\u8bbe\u8ba1\u3001\u5f00\u53d1\u548c\u4f9b\u5e94\u534a\u5bfc\u4f53\u548c\u57fa\u7840\u8bbe\u65bd\u8f6f\u4ef6\u89e3\u51b3\u65b9\u6848\u3002 \u516c\u53f8\u63d0\u4f9b\u5b58\u50a8\u9002\u914d\u5668\u3001\u63a7\u5236\u5668\u3001\u7f51\u7edc\u5904\u7406\u5668\u3001\u8fd0\u52a8\u63a7\u5236\u7f16\u7801\u5668\u548c\u5149\u5b66\u4f20\u611f\u5668\uff0c\u4ee5\u53ca\u57fa\u7840\u8bbe\u65bd\u548c\u5b89\u5168\u8f6f\u4ef6\uff0c\u4ee5\u73b0\u4ee3\u5316\u3001\u4f18\u5316\u548c\u4fdd\u62a4\u590d\u6742\u6df7\u5408\u73af\u5883\u3002 \u535a\u901a\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u83b7\u5f97\u4eba\u5de5\u667a\u80fd\u5e02\u573a\u4efd\u989d \u3002<\/strong>\u535a\u901a\u6b63\u5728\u5de9\u56fa\u5176\u4f5c\u4e3a\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u5173\u952e AI \u786c\u4ef6\u5408\u4f5c\u4f19\u4f34\u7684\u5730\u4f4d\uff0c\u8fd9\u4e9b\u4f01\u4e1a\u6b63\u5728\u4ece\u82f1\u4f1f\u8fbe\u8f6c\u5411\u591a\u5143\u5316\u3002 \u5176\u9996\u5e2d\u6267\u884c\u5b98\u900f\u9732\uff0c\u4e09\u5bb6\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u8ba1\u5212\u5230 2027 \u5e74\u90e8\u7f72\u4e00\u767e\u4e07\u4e2a XPU \u96c6\u7fa4\uff0c\u53e6\u6709\u4e24\u5bb6\u6b63\u5728\u5f00\u53d1\u4e2d\u3002 \u4f5c\u4e3a\u4e3b\u8981\u7684 HBM \u4f9b\u5e94\u5546\uff0cSK \u6d77\u529b\u58eb\u6b63\u5728\u5c06 DRAM \u4ea7\u80fd\u63d0\u9ad8 70%\uff0c\u4ee5\u6ee1\u8db3\u6765\u81ea\u535a\u901a\u548c\u82f1\u4f1f\u8fbe\u7684\u6fc0\u589e\u9700\u6c42\uff0c\u91cd\u70b9\u5173\u6ce8\u5148\u8fdb\u7684 HBM3E \u6280\u672f\u3002 \u535a\u901a\u7684 AI \u9a71\u52a8\u534a\u5bfc\u4f53\u6536\u5165\u5728 2024 \u5e74\u8fbe\u5230 301 \u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u51fa AI \u6536\u5165\u540c\u6bd4\u589e\u957f 220%\uff0c\u51f8\u663e\u4e86\u5176\u5728 AI \u82af\u7247\u521b\u65b0\u9886\u57df\u4e0d\u65ad\u589e\u957f\u7684\u5f71\u54cd\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6301\u7eed\u521b\u65b0\u3002 <\/strong>\u535a\u901a\u63a8\u51fa\u4e86 Brocade G710\uff0c\u8fd9\u662f\u4e00\u6b3e\u4e13\u4e3a\u4e2d\u5c0f\u578b\u4f01\u4e1a\u8bbe\u8ba1\u7684 24 \u7aef\u53e3 64G \u5149\u7ea4\u901a\u9053 SAN \u4ea4\u6362\u673a\u3002 \u5b83\u5177\u6709\u4f4e\u5ef6\u8fdf (460 ns)\u3001\u9ad8\u80fd\u6548 (65W) \u548c 8 \u81f3 24 \u7aef\u53e3\u7684\u53ef\u6269\u5c55\u6027\u3002 \u4e3b\u8981\u7279\u70b9\u5305\u62ec\u7f51\u7edc\u5f39\u6027\u67b6\u6784\u3001\u81ea\u4e3b\u81ea\u6108\u80fd\u529b\u548c\u516d\u4e2a\u4e5d (99.9999%) \u7684\u53ef\u9760\u6027\u3002 G710 \u901a\u8fc7\u7f51\u7edc\u9694\u79bb\u548c\u4fe1\u4efb\u6839\u9a8c\u8bc1\u786e\u4fdd\u5f3a\u5927\u7684\u6570\u636e\u5b89\u5168\u6027\u3002 \u51ed\u501f\u7ec8\u8eab\u8d28\u4fdd\uff0c\u5b83\u63d0\u4f9b 24\/7 \u652f\u6301\u3001\u56fa\u4ef6\u66f4\u65b0\u548c\u5b89\u5168\u8865\u4e01\uff0c\u4e3a\u9ad8\u6027\u80fd\u3001\u5b89\u5168\u3001\u53ef\u9760\u7684\u6570\u636e\u4e2d\u5fc3\u63d0\u4f9b\u7ecf\u6d4e\u9ad8\u6548\u7684\u89e3\u51b3\u65b9\u6848\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6570\u636e\u4e2d\u5fc3\u589e\u957f\u524d\u666f\u3002 <\/strong>\u6839\u636e\u4ef2\u91cf\u8054\u884c (JLL) \u7684\u6570\u636e\uff0c\u9884\u8ba1 2025 \u5e74\u5168\u7403\u6570\u636e\u4e2d\u5fc3\u9700\u6c42\u5c06\u98d9\u5347\uff0c\u9884\u8ba1\u5c06\u6709 10GW \u7684\u5bb9\u91cf\u7834\u571f\u52a8\u5de5\uff0c\u5e76\u9884\u8ba1\u5c06\u5b8c\u6210 7GW \u7684\u5bb9\u91cf\u3002 \u7531\u4eba\u5de5\u667a\u80fd\u548c\u534a\u5bfc\u4f53\u8fdb\u6b65\u63a8\u52a8\u7684\u5e02\u573a\u589e\u957f\u9884\u8ba1\u5728 2027 \u5e74\u4e4b\u524d\u8fbe\u5230 15%-20% \u7684\u590d\u5408\u5e74\u589e\u957f\u7387\u3002 AI \u5de5\u4f5c\u8d1f\u8f7d\u63a8\u52a8\u4e86\u66f4\u9ad8\u7684\u529f\u7387\u5bc6\u5ea6\uff0c\u82af\u7247\u529f\u7387\u8fbe\u5230\u6bcf\u673a\u67b6 250kW\uff0c\u5c3d\u7ba1\u4f20\u7edf\u5de5\u4f5c\u8d1f\u8f7d\u4ecd\u5c06\u5360\u4e3b\u5bfc\u5730\u4f4d\uff0c\u5230 2030 \u5e74\u5c06\u5360\u9700\u6c42\u7684 50% \u4ee5\u4e0a\u3002 \u62dc\u767b\u653f\u5e9c\u4f18\u5148\u8003\u8651\u6570\u636e\u4e2d\u5fc3\u7684\u53d1\u5c55\uff0c\u5141\u8bb8\u79df\u8d41\u56fd\u9632\u90e8\u548c\u80fd\u6e90\u90e8\u7684\u5730\u70b9\u7528\u4e8e\u5343\u5146\u74e6\u7ea7 AI \u9879\u76ee\u3002 \u5f00\u53d1\u5546\u9700\u8981\u6574\u5408\u8db3\u591f\u6e05\u6d01\u80fd\u6e90\u8d44\u6e90\u6765\u6ee1\u8db3\u8fd9\u4e9b\u8bbe\u65bd\u7684\u7535\u529b\u9700\u6c42\u3002 \u6b64\u5916\uff0c\u4e00\u5bb6\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u8ba1\u5212\u5728\u7f8e\u56fd\u5efa\u7acb 20 \u4e2a\u8fb9\u7f18\u6570\u636e\u4e2d\u5fc3\uff0c\u4ee5\u964d\u4f4e\u5ef6\u8fdf\u5e76\u63d0\u9ad8\u5197\u4f59\u6027\u3002 \u5728\u5168\u7403\u8303\u56f4\u5185\uff0c\u897f\u73ed\u7259\u5c06\u901a\u8fc7\u516c\u79c1\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u5f00\u53d1\u4e24\u4e2a\u5343\u5146\u74e6\u7ea7\u56ed\u533a\uff0c\u800c Aligned Data Centers \u5df2\u7b79\u96c6 120 \u4ebf\u7f8e\u5143\u7528\u4e8e\u8d44\u52a9\u5176\u6269\u5f20\u3002 \u9ea6\u683c\u7406\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u5c06\u5411 Applied Digital \u6295\u8d44 50 \u4ebf\u7f8e\u5143\uff0c\u652f\u6301\u5176 AI \u548c HPC \u8bbe\u65bd\u3002 \u535a\u901a\u6709\u671b\u4ece\u8fd9\u4e00\u589e\u957f\u4e2d\u53d7\u76ca\uff0c\u63d0\u4f9b\u4f18\u5316\u670d\u52a1\u5668\u901f\u5ea6\u3001\u6b63\u5e38\u8fd0\u884c\u65f6\u95f4\u548c\u5b58\u50a8\u8fde\u63a5\u7684\u89e3\u51b3\u65b9\u6848\uff0c\u964d\u4f4e\u8d85\u5927\u89c4\u6a21\u90e8\u7f72\u7684\u6210\u672c\u548c\u590d\u6742\u6027\u3002 \u968f\u7740\u5168\u7403\u6570\u636e\u4e2d\u5fc3\u6269\u5f20\u52a0\u901f\uff0c\u8fd9\u4e9b\u53d1\u5c55\u53ef\u80fd\u4f1a\u63a8\u52a8\u5176\u57fa\u7840\u8bbe\u65bd\u8f6f\u4ef6\u6536\u5165\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u3002 <\/strong>\u535a\u901a 2024 \u5e74\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f 51% \u81f3 140.54 \u4ebf\u7f8e\u5143\uff0c\u800c 202\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e3a 92.95 \u4ebf\u7f8e\u5143\uff0c\u8fd9\u662f\u7531\u4e8e VMware \u6210\u529f\u6574\u5408\u548c AI \u6536\u5165\u589e\u957f\u6240\u81f4\u3002 \u8be5\u5b63\u5ea6\u5b9e\u73b0 GAAP \u51c0\u6536\u5165 43.24 \u4ebf\u7f8e\u5143\u548c\u975e GAAP \u51c0\u6536\u5165 69.65 \u4ebf\u7f8e\u5143\u3002 GAAP \u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u4e3a 0.90 \u7f8e\u5143\uff0c\u975e GAAP \u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u4e3a 1.42 \u7f8e\u5143\u3002 \u516c\u53f8\u8fd8\u5ba3\u5e03\u5c06\u5b63\u5ea6\u666e\u901a\u80a1\u80a1\u606f\u540c\u6bd4\u63d0\u9ad8 11% \u81f3\u6bcf\u80a1 0.59 \u7f8e\u5143\u3002 \u5c55\u671b\u672a\u6765\uff0c\u535a\u901a\u9884\u8ba1 2025 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u7ea6\u4e3a 146 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 22%\uff0c\u9884\u8ba1\u8c03\u6574\u540e EBITDA \u7ea6\u4e3a\u9884\u8ba1\u6536\u5165\u7684 66%\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><\/li>\n<\/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\/2025\/01\/a-blue-and-white-rectangular-object-with-numbers-7.png\" alt=\"A blue and white rectangular object with numbers\n\nDescription automatically generated\" class=\"wp-image-60011\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-object-with-numbers-7.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-blue-and-white-rectangular-object-with-numbers-7-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1556\" height=\"597\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9.jpeg\" alt=\"A graph on a white background\n\nDescription automatically generated\" class=\"wp-image-60012\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9.jpeg 1556w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9-300x115.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9-1024x393.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9-768x295.jpeg 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/a-graph-on-a-white-background-description-automat-9-1536x589.jpeg 1536w\" sizes=\"(max-width: 1556px) 100vw, 1556px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg) \n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n   \n<a id=\"post-59939-_Hlt181111973\"><\/a><a id=\"post-59939-_Hlt181111974\"><\/a><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-59939-_va9jaog5jnw3\"><\/a><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-28.png\" class=\"wp-image-60013\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-28-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\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\/2025\/01\/word-image-59939-29.png\" alt=\"\" class=\"wp-image-60014\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-29.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-29-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take profit on United Overseas Bank Ltd (UOB SP) at S$37. Cut loss on SIA Engineering Co Ltd (SIE SP) at S$2.34.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"545\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-30.png\" alt=\"\" class=\"wp-image-60015\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-30.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-30-300x173.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/word-image-59939-30-768x444.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56591-_tiry8p5xvcqk\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-971ecb1b wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.kgieworld.sg\/research\/KGISGWA\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png\" alt=\"\" class=\"uag-image-59753\" width=\"637\" height=\"174\" title=\"Get more from KGI on WhatsApp.\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n\n\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 \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u552f\u6676\u79d1\u6280 (WKS SP)\uff1a\u5e76\u8d2d\u6218\u7565\u6301\u7eed\u63a8\u52a8 (Source: Bloomberg) Seatrium Ltd(STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u7684\u6f5c\u5728\u589e\u957f (Source: Bloomberg) \u817e\u8baf (700 HK)\uff1a\u672a\u6765\u5c06\u7ee7\u7eed\u589e\u957f (Source: Bloomberg) \u4e2d\u56fd\u94dd\u4e1a(2600 HK)\uff1a\u94dd\u4ef7\u53cd\u5f39 \u94dd\u73b0\u8d27\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) AppLovin Corporation (APP US)\uff1a\u5229\u7528\u4eba\u5de5\u667a\u80fd\u91ca\u653e\u5e7f\u544a\u6f5c\u529b (Source: Bloomberg) \u535a\u901a\u516c\u53f8(AVGO US)\uff1a\u8ba2\u5355\u7c3f\u5df2\u83b7\u4fdd\u969c (Source: Bloomberg) ^ Back To Top Trading Dashboard Update: Take [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":38071,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-59939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2-150x150.png?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2-300x177.png?wsr",300,177,true],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false]},"uagb_author_info":{"display_name":"Jiong Han Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"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 \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u552f\u6676\u79d1\u6280 (WKS SP)\uff1a\u5e76\u8d2d\u6218\u7565\u6301\u7eed\u63a8\u52a8 (Source: Bloomberg) Seatrium Ltd(STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u7684\u6f5c\u5728\u589e\u957f (Source: Bloomberg) \u817e\u8baf (700 HK)\uff1a\u672a\u6765\u5c06\u7ee7\u7eed\u589e\u957f (Source: Bloomberg) \u4e2d\u56fd\u94dd\u4e1a(2600 HK)\uff1a\u94dd\u4ef7\u53cd\u5f39 \u94dd\u73b0\u8d27\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) AppLovin Corporation (APP US)\uff1a\u5229\u7528\u4eba\u5de5\u667a\u80fd\u91ca\u653e\u5e7f\u544a\u6f5c\u529b (Source: Bloomberg) \u535a\u901a\u516c\u53f8(AVGO US)\uff1a\u8ba2\u5355\u7c3f\u5df2\u83b7\u4fdd\u969c (Source: Bloomberg) ^ Back To Top Trading Dashboard Update: Take&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/59939","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\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=59939"}],"version-history":[{"count":1,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/59939\/revisions"}],"predecessor-version":[{"id":60016,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/59939\/revisions\/60016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/38071"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=59939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=59939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=59939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}