{"id":64349,"date":"2025-03-26T00:34:39","date_gmt":"2025-03-25T16:34:39","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=64349"},"modified":"2025-03-26T10:27:58","modified_gmt":"2025-03-26T02:27:58","slug":"kgi-daily-trading-ideas-26-mar-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/","title":{"rendered":"2025\u5e743\u670826\u65e5: \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP), \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK), Nebius Group NV (NBIS 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-64349-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"941\" height=\"477\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-51.png\" alt=\"\" class=\"wp-image-64449\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-51.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-51-300x152.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-51-768x389.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"939\" height=\"241\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-52.png\" alt=\"\" class=\"wp-image-64450\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-52.png 939w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-52-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-52-768x197.png 768w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"290\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-53.png\" alt=\"\" class=\"wp-image-64451\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-53.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-53-300x93.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/image-53-768x237.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/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\/03\/word-image-64349-4.png\" alt=\"\" class=\"wp-image-64385\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-4-300x64.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-64349-_qqv3rtx8nazp\"><\/a><a id=\"post-64349-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1467\" height=\"721\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-screenshot-of-a-cell-phone-ai-generated-content-1.png\" alt=\"A screenshot of a cell phone\n\nAI-generated content may be incorrect.\" class=\"wp-image-64386\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-screenshot-of-a-cell-phone-ai-generated-content-1.png 1467w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-screenshot-of-a-cell-phone-ai-generated-content-1-300x147.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-screenshot-of-a-cell-phone-ai-generated-content-1-1024x503.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-screenshot-of-a-cell-phone-ai-generated-content-1-768x377.png 768w\" sizes=\"(max-width: 1467px) 100vw, 1467px\" \/><\/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\/03\/word-image-64349-6.png\" alt=\"\" class=\"wp-image-64387\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-6-300x64.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-64349-_7c2gwybbbr90\"><\/a><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-64349-_9i0c554gtu0u\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-7.png\" class=\"wp-image-64388\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-64349-_34eo5yf8y7pj\"><\/a><strong><strong><strong>\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64<\/strong><br>  <\/li>\n\n\n\n<li>\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 <\/strong>\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 <\/strong>\u8fd1\u671f\u5728\u6606\u660e\u548c\u5408\u80a5\u5965\u7279\u83b1\u65af\u8fdb\u884c\u7684\u8d44\u4ea7\u63d0\u5347\u4e3e\u63aa\uff08AEIs\uff09\uff0c\u5305\u62ec\u6539\u5584\u96f6\u552e\u5e03\u5c40\u548c\u589e\u52a0\u505c\u8f66\u4f4d\uff0c\u589e\u5f3a\u4e86\u8d2d\u7269\u4f53\u9a8c\u5e76\u589e\u52a0\u4e86\u5ba2\u6d41\u91cf\u3002\u8ba1\u5212\u57282025-2027\u5e74\u95f4\u5728\u91cd\u5e86\u4e24\u6c5f\u5965\u7279\u83b1\u65af\u5b89\u88c5\u8282\u80fd\u7a7a\u8c03\u7cfb\u7edf\uff0c\u9884\u8ba1\u5c06\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u5e76\u8282\u7701\u6210\u672c\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5728\u4e2d\u56fd\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u884c\u4e1a\u4e2d\u5360\u636e\u6709\u5229\u7684\u5e02\u573a\u5730\u4f4d\u3002 <\/strong>\u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 <\/strong>\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002<br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-64389\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-numbers-35.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-numbers-35.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-numbers-35-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1189\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-of-a-stock-market-ai-generated-content-ma-7.jpeg\" alt=\"A graph of a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-64390\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-of-a-stock-market-ai-generated-content-ma-7.jpeg 1189w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-of-a-stock-market-ai-generated-content-ma-7-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-of-a-stock-market-ai-generated-content-ma-7-1024x495.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-of-a-stock-market-ai-generated-content-ma-7-768x371.jpeg 768w\" sizes=\"(max-width: 1189px) 100vw, 1189px\" \/><\/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><figure><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\/03\/a-long-line-of-a-white-background-description-aut-21.png\" class=\"wp-image-64391\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-long-line-of-a-white-background-description-aut-21.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-long-line-of-a-white-background-description-aut-21-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-64349-_34eo5yf8y7pj\"><\/a><strong><strong>CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2<\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445<\/strong><br>  <\/li>\n\n\n\n<li>CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002<\/strong> CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002<\/strong> CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002<\/strong> \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong> \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002<br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728<a href=\"https:\/\/www.kgieworld.sg\/research\/company-update-cse-global-ltd-cse-sp-544-si-2\/\">\u8fd9\u91cc<\/a>\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-64392\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-white-tex-36.png\" alt=\"A blue and white rectangular object with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-white-tex-36.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-white-tex-36-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1167\" height=\"591\" class=\"wp-image-64393\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-on-a-screen-ai-generated-content-may-be-i-23.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-on-a-screen-ai-generated-content-may-be-i-23.jpeg 1167w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-300x152.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-1024x519.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-768x389.jpeg 768w\" sizes=\"(max-width: 1167px) 100vw, 1167px\" \/><\/figure><\/h2>\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><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-13.png\" class=\"wp-image-64394\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-13-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-64349-_f3bvj0c8rd86\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-14.png\" class=\"wp-image-64395\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-64349-_34eo5yf8y7pj\"><\/a><strong>\u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a13.30\uff0c\u76ee\u6807\u4ef7\uff1a15.30\uff0c\u6b62\u635f\u4ef7\uff1a12.30<\/strong><br>  <\/li>\n\n\n\n<li>\u4e2d\u56fd\u4eba\u6c11\u8d22\u4ea7\u4fdd\u9669\u80a1\u4efd\u6709\u9650\u516c\u53f8\uff08PICC Property and Casualty Co Ltd\uff09**\u662f\u4e00\u5bb6\u603b\u90e8\u4f4d\u4e8e\u4e2d\u56fd\u7684\u516c\u53f8\uff0c\u4e3b\u8981\u4ece\u4e8b\u8d22\u4ea7\u4fdd\u9669\u548c\u610f\u5916\u4f24\u5bb3\u4fdd\u9669\u4e1a\u52a1\u3002\u516c\u53f8\u901a\u8fc7\u516d\u4e2a\u4e1a\u52a1\u677f\u5757\u8fd0\u8425\u3002\u673a\u52a8\u8f66\u4fdd\u9669\u677f\u5757\u63d0\u4f9b\u6db5\u76d6\u673a\u52a8\u8f66\u7684\u4fdd\u9669\u4ea7\u54c1\uff1b\u610f\u5916\u4f24\u5bb3\u4e0e\u5065\u5eb7\u4fdd\u9669\u677f\u5757\u63d0\u4f9b\u6db5\u76d6\u610f\u5916\u4f24\u5bb3\u548c\u533b\u7597\u8d39\u7528\u7684\u4fdd\u9669\u4ea7\u54c1\uff1b\u519c\u4e1a\u4fdd\u9669\u677f\u5757\u63d0\u4f9b\u6db5\u76d6\u519c\u4e1a\u4e1a\u52a1\u7684\u4fdd\u9669\u4ea7\u54c1\uff1b\u8d23\u4efb\u4fdd\u9669\u677f\u5757\u63d0\u4f9b\u8986\u76d6\u6295\u4fdd\u4eba\u8d23\u4efb\u7684\u4fdd\u9669\u4ea7\u54c1\uff1b\u5546\u4e1a\u8d22\u4ea7\u4fdd\u9669\u677f\u5757\u63d0\u4f9b\u6db5\u76d6\u5546\u4e1a\u8d22\u4ea7\u7684\u4fdd\u9669\u4ea7\u54c1\uff1b\u5176\u4ed6\u677f\u5757\u4e3b\u8981\u5305\u62ec\u8d27\u8fd0\u3001\u4fe1\u7528\u4e0e\u4fdd\u8bc1\u3001\u5bb6\u5ead\u8d22\u4ea7\u3001\u7279\u6b8a\u98ce\u9669\u3001\u8239\u8236\u53ca\u5efa\u7b51\u76f8\u5173\u7684\u4fdd\u9669\u4ea7\u54c1\u3002\u516c\u53f8\u4e3b\u8981\u5728\u56fd\u5185\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u65b0\u80fd\u6e90\u6c7d\u8f66\u9500\u552e\u589e\u957f\u63a8\u52a8\u8f66\u9669\u9700\u6c42\u3002<\/strong>\u4eca\u5e742\u6708\uff0c\u4e2d\u56fd\u65b0\u80fd\u6e90\u6c7d\u8f66\u5e02\u573a\u589e\u957f\u52bf\u5934\u5f3a\u52b2\uff0c\u5360\u5168\u7403120\u4e07\u8f86\u65b0\u80fd\u6e90\u6c7d\u8f66\u548c\u6df7\u5408\u52a8\u529b\u6c7d\u8f66\u9500\u91cf\u7684\u8fd1\u56db\u5206\u4e4b\u4e09\u3002\u5c3d\u7ba1\u6b27\u6d32\u548c\u7f8e\u56fd\u7eb7\u7eb7\u8bbe\u7acb\u8fdb\u53e3\u58c1\u5792\uff0c\u4ee5\u904f\u5236\u4e2d\u56fd\u54c1\u724c\u7684\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\uff0c\u4f46\u4e2d\u56fd\u7eaf\u7535\u52a8\u6c7d\u8f66\u9500\u91cf\u4ecd\u540c\u6bd4\u589e\u957f46%\uff0c\u4e3b\u8981\u53d7\u6bd4\u4e9a\u8fea\u3001\u5c0f\u7c73\u3001\u5c0f\u9e4f\u548c\u6781\u6c2a\u7b49\u54c1\u724c\u65b0\u8f66\u578b\u53d1\u5e03\u7684\u63a8\u52a8\u3002\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u6d88\u8d39\u8005\u4ece\u71c3\u6cb9\u6df7\u5408\u52a8\u529b\u6c7d\u8f66\u8f6c\u5411\u7eaf\u7535\u52a8\u8f66\u578b\uff0c\u8f66\u9669\u9700\u6c42\u9884\u8ba1\u5c06\u968f\u4e4b\u4e0a\u5347\uff0c\u8fd9\u5c06\u60e0\u53ca\u4e2d\u56fd\u4eba\u6c11\u8d22\u4ea7\u4fdd\u9669\u7b49\u4fdd\u9669\u516c\u53f8\u3002<br>  <\/li>\n\n\n\n<li><strong>\u62d3\u5c55\u9999\u6e2f\u6c7d\u8f66\u4fdd\u9669\u5e02\u573a\u3002<\/strong>\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u4e2d\u56fd\u4eba\u6c11\u8d22\u4ea7\u4fdd\u9669\u4e0e\u53e6\u5916\u4e24\u5bb6\u4e2d\u56fd\u4fdd\u9669\u516c\u53f8\u7b7e\u7f72\u4e86\u4e00\u4efd\u300a\u7eff\u8272\u884c\u52a8\u5168\u7403\u5021\u8bae\u300b\u5408\u4f5c\u5907\u5fd8\u5f55\uff08MoU\uff09\uff0c\u4ee5\u63a8\u52a8\u9999\u6e2f\u6c7d\u8f66\u4fdd\u9669\u5e02\u573a\u7684\u6269\u5c55\u3002\u8be5\u5408\u4f5c\u65e8\u5728\u6574\u5408\u5404\u65b9\u8d44\u6e90\u3001\u6280\u672f\u4e13\u957f\u548c\u884c\u4e1a\u7ecf\u9a8c\uff0c\u5171\u540c\u63a8\u52a8\u9488\u5bf9\u4e2d\u56fd\u65b0\u80fd\u6e90\u6c7d\u8f66\u7684\u4fdd\u9669\u4ea7\u54c1\u5728\u9999\u6e2f\u7684\u53d1\u5c55\u3002<br>  <\/li>\n\n\n\n<li><strong>\u533b\u7597\u4fdd\u9669\u9886\u57df\u7684\u6218\u7565\u5408\u4f5c\u3002<\/strong>\u4e2d\u56fd\u4eba\u6c11\u8d22\u4ea7\u4fdd\u9669\u8fd1\u65e5\u4e0e\u77e5\u4fdd\u79d1\u6280\uff08Zhibao Technology Inc.\uff09\u548c\u6155\u5c3c\u9ed1\u518d\u4fdd\u9669\u5317\u4eac\u5206\u516c\u53f8\uff08Munich Re Beijing\uff09\u8fbe\u6210\u6218\u7565\u5408\u4f5c\uff0c\u63a8\u51fa\u65b0\u4e00\u4ee3\u4e2d\u56fd\u79c1\u4eba\u533b\u7597\u4fdd\u9669\u4ea7\u54c1\u3002\u672c\u6b21\u5408\u4f5c\u65e8\u5728\u4e3a\u4e2d\u56fd\u6d88\u8d39\u8005\u63d0\u4f9b\u8d85\u8d8a\u516c\u5171\u533b\u7597\u4fdd\u9669\u8303\u56f4\u7684\u9ad8\u8d28\u91cf\u533b\u7597\u670d\u52a1\u3002\u4e09\u65b9\u5c06\u53d1\u6325\u5404\u81ea\u4f18\u52bf\uff0c\u6253\u9020\u4e00\u6b3e\u5168\u9762\u3001\u521b\u65b0\u7684\u533b\u7597\u4fdd\u9669\u89e3\u51b3\u65b9\u6848\uff0c\u6ee1\u8db3\u4e2d\u56fd\u4e0d\u65ad\u589e\u957f\u7684\u4e2d\u4ea7\u9636\u7ea7\u9700\u6c42\u3002\u9996\u6b3e\u4ea7\u54c1\u9884\u8ba1\u5c06\u5728\u672a\u6765\u51e0\u4e2a\u6708\u5185\u6b63\u5f0f\u63a8\u51fa\u3002<br>  <\/li>\n\n\n\n<li><strong>9M24\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2024\u5e74\u524d\u4e5d\u4e2a\u6708\uff0c\u516c\u53f8\u8425\u4e1a\u6536\u5165\u540c\u6bd4\u589e\u957f7.9%\uff0c\u8fbe\u4eba\u6c11\u5e013923\u4ebf\u5143\uff0c\u800c2023\u5e74\u540c\u671f\u4e3a\u4eba\u6c11\u5e013634\u4ebf\u5143\u3002\u540c\u671f\uff0c\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f38.0%\uff0c\u8fbe\u4eba\u6c11\u5e01268\u4ebf\u5143\uff0c\u800c2023\u5e74\u524d\u4e5d\u4e2a\u6708\u4e3a\u4eba\u6c11\u5e01194\u4ebf\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-64396\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-15-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1189\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-16.jpeg\" alt=\"\" class=\"wp-image-64397\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-16.jpeg 1189w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-16-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-16-1024x495.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-16-768x371.jpeg 768w\" sizes=\"(max-width: 1189px) 100vw, 1189px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-17.png\" class=\"wp-image-64398\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u6c5f\u897f\u94dc\u4e1a(358 HK)\uff1a\u6f5c\u5728\u5173\u7a0e\u63a8\u52a8\u94dc\u4ef7\u4e0a\u6da8<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a14.0\uff0c\u76ee\u6807\u4ef7\uff1a16.0\uff0c\u6b62\u635f\u4ef7\uff1a13.0<\/strong><br>  <\/li>\n\n\n\n<li>\u6c5f\u897f\u94dc\u4e1a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u94dc\u548c\u9ec4\u91d1\u7684\u91c7\u9009\u3001\u51b6\u70bc\u4e0e\u52a0\u5de5\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u4e24\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u94dc\u76f8\u5173\u4ea7\u4e1a\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u94dc\u53ca\u94dc\u76f8\u5173\u4ea7\u54c1\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u91d1\u76f8\u5173\u4ea7\u4e1a\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u91d1\u53ca\u91d1\u76f8\u5173\u4ea7\u54c1\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u8be5\u516c\u53f8\u7684\u4ea7\u54c1\u4e3b\u8981\u5305\u62ec\u9634\u6781\u94dc\u3001\u9ec4\u91d1\u3001\u767d\u94f6\u3001 \u786b\u9178\u3001\u94dc\u6746\u3001\u94dc\u7ba1\u3001\u94dc\u7b94\u3001\u7852\u3001\u78b2\u3001\u94fc\u548c\u94cb\u3002\u8be5\u516c\u53f8\u7684\u4ea7\u54c1\u4e3b\u8981\u5e94\u7528\u4e8e\u7535\u6c14\u3001\u7535\u5b50\u3001\u8f7b\u5de5\u3001\u673a\u68b0\u5236\u9020\u3001\u5efa\u7b51\u3001\u4ea4\u901a\u3001\u519b\u5de5\u5de5\u4e1a\u7b49\u884c\u4e1a\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u5728\u56fd\u5185\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5173\u7a0e\u80cc\u666f\u4e0b\u94dc\u4ef7\u4e0a\u6da8\u3002 <\/strong>\u8fd1\u671f\uff0c\u94dc\u671f\u8d27\u4ef7\u683c\u5728\u6bcf\u78c54.8\u7f8e\u5143\u5de6\u53f3\u533a\u95f4\u6ce2\u52a8\uff0c\u63a5\u8fd1\u53bb\u5e745\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u7f8e\u56fd\u5ba3\u5e03\u53ef\u80fd\u5bf9\u94dc\u8fdb\u53e3\u5f81\u653625%\u7684\u5173\u7a0e\uff0c\u5bfc\u81f4\u7ebd\u7ea6\u5546\u54c1\u4ea4\u6613\u6240\uff08Comex\uff09\u94dc\u4ef7\u5927\u5e45\u4e0a\u6da8\uff0c\u5e02\u573a\u6ce2\u52a8\u6027\u589e\u52a0\u3002\u5168\u7403\u94dc\u5e93\u5b58\u6c34\u5e73\u6b63\u5728\u4e0a\u5347\uff0c\u7531\u4e8e\u5957\u5229\u673a\u4f1a\u548c\u5bf9\u5173\u7a0e\u7684\u9884\u671f\uff0c\u7ebd\u7ea6\u5546\u54c1\u4ea4\u6613\u6240\u5e93\u5b58\u663e\u8457\u589e\u52a0\uff0c\u800c\u4f26\u6566\u91d1\u5c5e\u4ea4\u6613\u6240\uff08LME\uff09\u548c\u4e0a\u6d77\u671f\u8d27\u4ea4\u6613\u6240\uff08SHFE\uff09\u5e93\u5b58\u5219\u5448\u73b0\u4e0d\u540c\u8d8b\u52bf\u3002\u5c3d\u7ba1\u53ef\u518d\u751f\u80fd\u6e90\u548c\u6280\u672f\u7b49\u884c\u4e1a\u7684\u9700\u6c42\u6301\u7eed\u5b58\u5728\uff0c\u4f46\u7f8e\u56fd\u7ecf\u6d4e\u8870\u9000\u62c5\u5fe7\u548c\u4e2d\u56fd\u901a\u8d27\u7d27\u7f29\u7b49\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\uff0c\u589e\u52a0\u4e86\u94dc\u5e02\u573a\u7684\u98ce\u9669\u3002\u5168\u7403\u94dc\u4ef7\u7684\u4e0a\u6da8\u5fc5\u7136\u4f1a\u7ed9\u6c5f\u897f\u94dc\u4e1a\u5e26\u6765\u79ef\u6781\u7684\u6548\u76ca\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u94dc\u4ef7\uff081\u5e74\uff09<\/strong>\n  <img loading=\"lazy\" decoding=\"async\" width=\"1214\" height=\"595\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-18.jpeg\" class=\"wp-image-64399\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-18.jpeg 1214w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-18-300x147.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-18-1024x502.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-18-768x376.jpeg 768w\" sizes=\"(max-width: 1214px) 100vw, 1214px\" \/>\n<\/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>\u4e2d\u56fd\u94dc\u51fa\u53e3\u9884\u671f\u589e\u52a0\u3002 <\/strong>\u4e2d\u56fd\u6700\u8fd1\u53d1\u653e\u4e86\u66f4\u591a\u8bb8\u53ef\u8bc1\uff0c\u5141\u8bb8\u94dc\u51b6\u70bc\u5382\u514d\u7a0e\u51fa\u53e3\u91d1\u5c5e\uff0c\u8fd9\u6709\u52a9\u4e8e\u5f53\u5730\u751f\u4ea7\u5546\uff0c\u5e76\u4e3a\u5728\u5168\u7403\u5e02\u573a\u52a8\u8361\u65f6\u671f\u6269\u5927\u6d77\u5916\u9500\u552e\u94fa\u5e73\u4e86\u9053\u8def\u3002\u8bb8\u53ef\u8bc1\u7684\u53d1\u653e\u610f\u5473\u7740\u5341\u51e0\u5bb6\u4e2d\u56fd\u4e3b\u8981\u51b6\u70bc\u5382\u73b0\u5df2\u83b7\u5f97\u6765\u6599\u52a0\u5de5\u8d38\u6613\u7684\u6279\u51c6\uff0c\u5373\u51fa\u53e3\u7531\u8fdb\u53e3\u77ff\u77f3\u7cbe\u70bc\u800c\u6210\u7684\u7cbe\u70bc\u94dc\uff0c\u5e76\u4eab\u53d7\u514d\u7a0e\u5f85\u9047\u3002\u6b64\u5916\uff0c\u968f\u7740\u7279\u6717\u666e\u5ba3\u5e03\u53ef\u80fd\u5bf9\u7f8e\u56fd\u94dc\u8fdb\u53e3\u5f81\u653625%\u7684\u5173\u7a0e\uff0c\u5404\u516c\u53f8\u90fd\u5728\u5bfb\u6c42\u5728\u5173\u7a0e\u751f\u6548\u524d\u8fdb\u53e3\u66f4\u591a\u94dc\u3002\u8fd9\u5fc5\u7136\u4f1a\u5728\u77ed\u671f\u5185\u589e\u52a0\u94dc\u7684\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u589e\u52a0\u5728SolGold\u7684\u80a1\u4efd\u5e76\u53ef\u80fd\u83b7\u5f97\u6218\u7565\u8d44\u4ea7\u3002 <\/strong>\u6c5f\u897f\u94dc\u4e1a\u6700\u8fd1\u6536\u8d2d\u4e86SolGold\u7ea61.57\u4ebf\u80a1\u80a1\u4efd\u3002\u6295\u8d44\u540e\uff0c\u6c5f\u897f\u94dc\u4e1a\u901a\u8fc7\u5176\u5b50\u516c\u53f8\u6c5f\u897f\u94dc\u4e1a\uff08\u9999\u6e2f\uff09\u6295\u8d44\u6709\u9650\u516c\u53f8\uff0c\u5c06\u5176\u5728SolGold\u7684\u6301\u80a1\u6bd4\u4f8b\u4ece6.95%\u589e\u52a0\u523012.19%\u3002\u901a\u8fc7\u589e\u52a0\u5728SolGold\u7684\u80a1\u4efd\uff0c\u6c5f\u897f\u94dc\u4e1a\u83b7\u5f97\u4e86\u66f4\u5927\u7684\u6240\u6709\u6743\u4efd\u989d\uff0c\u4ece\u800c\u5bf9SolGold\u7684\u51b3\u7b56\u4ea7\u751f\u4e86\u66f4\u5927\u7684\u5f71\u54cd\u529b\u3002\u8fd9\u5bf9Cascabel\u9879\u76ee\uff08\u4e00\u9879\u4e3b\u8981\u7684\u94dc\u91d1\u8d44\u4ea7\uff09\u5c24\u5176\u91cd\u8981\u3002\u8fd9\u79cd\u6218\u7565\u6027\u7684\u6240\u6709\u6743\u589e\u52a0\u7b26\u5408\u6c5f\u897f\u94dc\u4e1a\u83b7\u53d6\u91cd\u8981\u94dc\u8d44\u6e90\u7684\u6218\u7565\u76ee\u6807\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u5e74\u7b2c\u4e09\u5b63\u4e1a\u7ee9\u56de\u987e\u3002 <\/strong>2024\u5e74\u7b2c\u4e09\u5b63\uff0c\u8425\u6536\u540c\u6bd4\u4e0b\u964d6.63%\uff0c\u81f3\u4eba\u6c11\u5e011233\u4ebf\u5143\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u4e3a\u4eba\u6c11\u5e011320\u4ebf\u5143\u30022024\u5e74\u7b2c\u4e09\u5b63\uff0c\u51c0\u5229\u6da6\u4e0b\u964d13.64%\uff0c\u81f3\u4eba\u6c11\u5e0113.7\u4ebf\u5143\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u4e3a\u4eba\u6c11\u5e0115.8\u4ebf\u5143\u30022024\u5e74\u7b2c\u4e09\u5b63\uff0c\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3\u4eba\u6c11\u5e010.40\u5143\uff0c\u800c2023\u5e74\u7b2c\u4e09\u5b63\u4e3a\u4eba\u6c11\u5e010.46\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-64400\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-19.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-19.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-19-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1189\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-20.jpeg\" alt=\"\" class=\"wp-image-64401\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-20.jpeg 1189w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-20-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-20-1024x495.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-20-768x371.jpeg 768w\" sizes=\"(max-width: 1189px) 100vw, 1189px\" \/><\/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\/03\/word-image-64349-21.png\" alt=\"\" class=\"wp-image-64402\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-21.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-21-300x64.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-64349-_6xzuwbi3dcr\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-22.png\" class=\"wp-image-64403\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-22.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-22-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-22-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nebius Group NV (NBIS US)\uff1aAI\u57fa\u7840\u8bbe\u65bd\u7684\u5d1b\u8d77<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a26 \u76ee\u6807\u4ef7\uff1a30 \u6b62\u635f\u4ef7\uff1a24<\/strong><br>  <\/li>\n\n\n\n<li>Nebius Group N.V. \u662f\u4e00\u5bb6\u5c08\u6ce8\u65bc\u4eba\u5de5\u667a\u6167\u57fa\u790e\u8a2d\u65bd\u7684\u79d1\u6280\u516c\u53f8\uff0c\u7e3d\u90e8\u4f4d\u65bc\u8377\u862d\u963f\u59c6\u65af\u7279\u4e39\u3002\u8a72\u516c\u53f8\u524d\u8eab\u70ba\u4fc4\u7f85\u65af\u641c\u7d22\u5f15\u64ce\u5de8\u982d Yandex N.V.\uff0c\u65bc 2024 \u5e74\u51fa\u552e\u4fc4\u7f85\u65af\u696d\u52d9\u548c\u8cc7\u7522\u5f8c\uff0c\u8f49\u578b\u70ba\u76ee\u524d\u7684 Nebius Group N.V.\u3002<br>  <\/li>\n\n\n\n<li><strong>\u63a8\u7406\u7b97\u529b\u9a45\u52d5\u6578\u64da\u4e2d\u5fc3\u53ca AI \u5de5\u5ee0\u9700\u6c42\u3002<\/strong>\u5728\u82f1\u5049\u9054 2025 GTC \u5927\u6703\u4e0a\u518d\u6b21\u5f37\u8abf AI \u64f4\u5c55\u5b9a\u5f8b\uff0c\u63a8\u7406\u5c07\u6210\u70ba\u4e0b\u4e00\u968e\u6bb5 AI \u8a13\u7df4\u7684\u6838\u5fc3\u52d5\u529b\u3002\u63a8\u7406\u6240\u9700\u7b97\u529b\u9700\u6c42\u898f\u6a21\u589e\u9577\u8d85\u904e\u53bb\u5e74\u7684 100 \u500d\u3002\u672a\u4f86\u6578\u64da\u4e2d\u5fc3\u53ca AI \u5de5\u5ee0\u7684\u6295\u5165\u5230 2028 \u5e74\u5c07\u9054\u5230 1 \u842c\u5104\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6b50\u7f8e\u64f4\u5f35\u3002<\/strong>Nebius \u76ee\u524d\u5728\u82ac\u862d\u3001\u6cd5\u570b\u64c1\u6709\u6578\u64da\u4e2d\u5fc3\u8a2d\u65bd\uff0c\u4e26\u5373\u5c07\u5728\u51b0\u5cf6\u958b\u8a2d\u65b0\u8a2d\u65bd\u3002\u8a72\u516c\u53f8\u8a08\u5283\u5728\u6b50\u6d32\u6295\u8cc7 10 \u5104\u7f8e\u5143\uff0c\u4e26\u6700\u8fd1\u5728\u5df4\u9ece\u63a8\u51fa\u63a1\u7528 Nvidia H200 \u7684 GPU \u53e2\u96c6\u3002\u6b64\u5916\uff0cNebius \u8a08\u5283\u5c07\u82ac\u862d\u7684\u904b\u7b97\u80fd\u529b\u63d0\u5347\u4e09\u500d\uff0c\u672a\u4f86 GPU \u6578\u91cf\u53ef\u9054 60,000 \u5f35\uff0c\u55ae\u662f\u9019\u4e00\u90e8\u5206\u5728\u6eff\u8f09\u904b\u884c\u6642\u7684\u71df\u6536\u6f5b\u529b\u5c31\u53ef\u9054 10 \u5104\u7f8e\u5143\u3002Nebius \u525b\u525b\u5728\u582a\u85a9\u65af\u57ce\u958b\u8a2d\u6578\u64da\u4e2d\u5fc3\uff0c\u4e26\u8a08\u5283\u5728\u65b0\u6fa4\u897f\u5dde\u5efa\u8a2d\u4e00\u5ea7\u8d85\u5927\u578b\u6578\u64da\u4e2d\u5fc3\uff0c\u9810\u8a08\u53ef\u63d0\u4f9b\u9ad8\u9054 300 \u5146\u74e6\u7684\u96fb\u529b\u5bb9\u91cf\u3002\u516c\u53f8 24 \u8ca1\u5e74\u71df\u6536\u70ba 1.175 \u5104\u7f8e\u5143\uff0c\u4e26\u9810\u8a08 25 \u8ca1\u5e74\u5c07\u589e\u9577\u81f3 7.5 \u81f3 10 \u5104\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u82f1\u5049\u9054\u6982\u5ff5\u80a1\u3002<\/strong>\u622a\u6b62 2024 \u5e74\u5e95\uff0c\u82f1\u5049\u9054\u6301\u6709\u8a72\u516c\u53f8 119 \u842c\u80a1\u3002\u8a72\u516c\u53f8\u6700\u8fd1\u516c\u4f48\u6210\u70ba\u82f1\u5049\u9054 Blackwell Ultra \u5e73\u81fa\u7684\u65e9\u671f\u63a1\u7528\u96f2\u7aef\u670d\u52d9\u4f9b\u61c9\u5546\uff0c\u9810\u8a08\u5728 2025 \u5e74\u5e95\u524d\u63d0\u4f9b\u642d\u8f09 NVIDIA GB300 NVL72 \u7684\u904b\u7b97\u5be6\u4f8b\u3002\u6b64\u5916\uff0c\u516c\u53f8\u5df2\u7372\u9078\u70ba NVIDIA Dynamo Inference Engine \u751f\u614b\u7cfb\u7d71\u5408\u4f5c\u5925\u4f34\u3002<br>  <\/li>\n\n\n\n<li><strong>24 \u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u71df\u6536\u540c\u6bd4\u589e\u9577466%\u81f33790\u842c\u7f8e\u5143\uff0c\u4f4e\u65bc\u9810\u671f1981\u842c\u7f8e\u5143\uff0c\u4e3b\u8981\u7531\u6838\u5fc3\u4eba\u5de5\u667a\u80fd\u57fa\u790e\u8a2d\u65bd\u9a45\u52d5\u3002\u8abf\u6574\u5f8cEBITDA\u8667\u640d\u70ba7550\u842c\u7f8e\u5143\uff0c\u6301\u7e8c\u904b\u71df\u6de8\u8667\u640d\u70ba1.366\u5104\u7f8e\u5143\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\/03\/a-blue-and-white-rectangular-box-with-white-text-19.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-64404\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-box-with-white-text-19.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-box-with-white-text-19-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"570\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-18.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-64405\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-18.jpeg 930w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-18-300x184.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-18-768x471.jpeg 768w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><\/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\"><figure><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\/03\/a-long-line-of-a-flag-description-automatically-g-21.png\" class=\"wp-image-64406\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-long-line-of-a-flag-description-automatically-g-21.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-long-line-of-a-flag-description-automatically-g-21-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-long-line-of-a-flag-description-automatically-g-21-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><strong> <\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SAP SE (SAP US)\uff1aSAP \u5236\u80dc<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a269 \u76ee\u6807\u4ef7\uff1a297 \u6b62\u635f\u4ef7\uff1a255<\/strong><br>  <\/li>\n\n\n\n<li>SAP SE \u662f\u4e00\u5bb6\u8de8\u56fd\u8f6f\u4ef6\u516c\u53f8\u3002\u8be5\u516c\u53f8\u5f00\u53d1\u5546\u4e1a\u8f6f\u4ef6\uff0c\u5305\u62ec\u7535\u5b50\u5546\u52a1\u548c\u4f01\u4e1a\u7ba1\u7406\u8f6f\u4ef6\uff0c\u63d0\u4f9b\u5176\u5e94\u7528\u8f6f\u4ef6\u7684\u7ec4\u7ec7\u4f7f\u7528\u54a8\u8be2\uff0c\u5e76\u63d0\u4f9b\u57f9\u8bad\u670d\u52a1\u3002SAP \u5728\u5168\u7403\u8303\u56f4\u5185\u9500\u552e\u5176\u4ea7\u54c1\u548c\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u81ea\u52a8\u5316\u6d41\u7a0b\u7684\u6539\u8fdb\u3002<\/strong>SAP SE \u5728 SAP Concur Fusion \u5927\u4f1a\u4e0a\u5ba3\u5e03\u4e86\u65b0\u7684\u751f\u6210\u5f0f\u4eba\u5de5\u667a\u80fd\u529f\u80fd\uff0c\u5e76\u6269\u5927\u4e86\u4e0e\u7f8e\u56fd\u8fd0\u901a\u7684\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002SAP \u7684\u4eba\u5de5\u667a\u80fd\u526f\u9a7e\u9a76 Joule \u5c06\u96c6\u6210\u5230 Concur \u89e3\u51b3\u65b9\u6848\u4e2d\uff0c\u4ee5\u5b9e\u73b0\u5dee\u65c5\u548c\u8d39\u7528\u7ba1\u7406\u7684\u81ea\u52a8\u5316\u3002\u6b64\u5916\uff0cSAP Concur \u548c\u7f8e\u56fd\u8fd0\u901a\u8fd8\u63a8\u51fa\u4e86\u4f01\u4e1a\u4fe1\u7528\u5361\u4ea4\u6613\u7684\u5b9e\u65f6\u6388\u6743\u6570\u636e\u3002SAP Concur \u4ecd\u7136\u662f\u5dee\u65c5\u548c\u8d39\u7528\u7ba1\u7406\u9886\u57df\u7684\u5e02\u573a\u9886\u5bfc\u8005\uff0c\u5e76\u8ba1\u5212\u4e0e\u4e07\u4e8b\u8fbe\u5361\u548c\u7f8e\u56fd\u8fd0\u901a\u5168\u7403\u5546\u52a1\u65c5\u884c\u8fdb\u884c\u8fdb\u4e00\u6b65\u96c6\u6210\u3002\u901a\u8fc7\u6df1\u5316\u4e0e\u91d1\u878d\u670d\u52a1\u63d0\u4f9b\u5546\u7684\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u5e76\u6269\u5c55\u81ea\u52a8\u5316\u529f\u80fd\uff0cSAP \u65e8\u5728\u589e\u5f3a\u7528\u6237\u4f53\u9a8c\uff0c\u63d0\u9ad8\u5408\u89c4\u6027\uff0c\u5e76\u63d0\u9ad8\u4f01\u4e1a\u7684\u6210\u672c\u6548\u76ca\u3002\u672a\u6765\u5728\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u8d39\u7528\u5904\u7406\u548c\u5dee\u65c5\u89c4\u5212\u65b9\u9762\u7684\u53d1\u5c55\u53ef\u80fd\u4f1a\u589e\u5f3a\u5176\u7ade\u4e89\u4f18\u52bf\u548c\u5ba2\u6237\u91c7\u7528\u7387\u3002<br>  <\/li>\n\n\n\n<li><strong>\u8d44\u672c\u6d41\u5165\u3002<\/strong>\u5fb7\u56fd\u7684\u8d22\u653f\u523a\u6fc0\u548c\u56fd\u9632\u5f00\u652f\u7684\u589e\u52a0\uff0c\u63a8\u52a8\u4e86\u8d44\u672c\u6d41\u5165\u6b27\u6d32\u5e02\u573a\uff0c\u4ece\u800c\u63a8\u52a8\u4e86\u4ece\u7f8e\u56fd\u5230\u6b27\u6d32\u80a1\u7968\u7684\u8f6c\u53d8\u3002\u7531\u4e8e 60% \u7684\u6295\u8d44\u8005\u9884\u8ba1\u6b27\u6d32\u589e\u957f\u5c06\u66f4\u52a0\u5f3a\u52b2\uff0c\u91d1\u878d\u3001\u5de5\u4e1a\u548c\u5c0f\u76d8\u80a1\u7b49\u884c\u4e1a\u6b63\u5728\u83b7\u5f97\u52a8\u529b\uff0c\u5fb7\u56fd\u662f\u9996\u9009\u5e02\u573a\u3002\u968f\u7740\u6b27\u6d32\u7ecf\u6d4e\u7684\u8d70\u5f3a\uff0c\u4f01\u4e1a\u5c06\u52a0\u901f\u6570\u5b57\u5316\u8f6c\u578b\u3002SAP \u4f5c\u4e3a\u8be5\u5730\u533a\u9886\u5148\u7684\u4f01\u4e1a\u8f6f\u4ef6\u63d0\u4f9b\u5546\uff0c\u5b8c\u5168\u6709\u80fd\u529b\u5229\u7528\u4f01\u4e1a\u5728\u6280\u672f\u548c\u57fa\u4e8e\u4e91\u7684\u89e3\u51b3\u65b9\u6848\u65b9\u9762\u589e\u52a0\u7684\u6295\u8d44\u3002<br>  <\/li>\n\n\n\n<li><strong>24 \u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f 10.7% \u81f3 93.8 \u4ebf\u6b27\u5143\uff0c\u8d85\u51fa\u9884\u671f 2.4 \u4ebf\u6b27\u5143\u3002\u975e GAAP \u6bcf\u80a1\u6536\u76ca\u4e3a 1.40 \u6b27\u5143\uff0c\u6bd4\u9884\u671f\u4f4e 0.05 \u6b27\u5143\u3002\u8be5\u516c\u53f8\u5ba3\u5e03\u6bcf\u80a1\u5e74\u5ea6\u80a1\u606f\u4e3a 2.35 \u6b27\u5143\uff0c\u6bd4\u4e4b\u524d\u7684\u80a1\u606f 2.20 \u6b27\u5143\/\u80a1\u589e\u52a0\u4e86 6.8%\uff0c\u5c06\u4e8e 5 \u6708 16 \u65e5\u652f\u4ed8\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\/03\/a-blue-and-white-rectangular-object-with-white-tex-37.png\" alt=\"A blue and white rectangular object with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-64407\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-white-tex-37.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-blue-and-white-rectangular-object-with-white-tex-37-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1167\" height=\"591\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-19.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-64408\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-19.jpeg 1167w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-19-300x152.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-19-1024x519.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/a-graph-showing-a-stock-market-ai-generated-conte-19-768x389.jpeg 768w\" sizes=\"(max-width: 1167px) 100vw, 1167px\" \/><\/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-64349-_Hlt181111973\"><\/a><a id=\"post-64349-_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-64349-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-28.png\" class=\"wp-image-64409\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-28-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/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\/03\/word-image-64349-29.png\" alt=\"\" class=\"wp-image-64410\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-29.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-29-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Add Sasseur REIT (SASSR SP) at S$0.67. Cut loss on Weilong Delicious Global Holdings Ltd (9985 HK) at HK$12.3.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"562\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-30.png\" alt=\"\" class=\"wp-image-64411\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-30.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-30-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/03\/word-image-64349-30-768x458.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/figure>\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 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e (Source: Bloomberg) \u6c5f\u897f\u94dc\u4e1a(358 HK)\uff1a\u6f5c\u5728\u5173\u7a0e\u63a8\u52a8\u94dc\u4ef7\u4e0a\u6da8 \u94dc\u4ef7\uff081\u5e74\uff09 (Source: Bloomberg) (Source: Bloomberg) Nebius Group NV (NBIS US)\uff1aAI\u57fa\u7840\u8bbe\u65bd\u7684\u5d1b\u8d77 (Source: Bloomberg) SAP SE (SAP US)\uff1aSAP \u5236\u80dc (Source: Bloomberg) ^ Back To Top Trading Dashboard [&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-64349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002 \u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 \u8fd1\u671f\u5728\u6606\u660e\u548c\u5408\u80a5\u5965\u7279\u83b1\u65af\u8fdb\u884c\u7684\u8d44\u4ea7\u63d0\u5347\u4e3e\u63aa\uff08AEIs\uff09\uff0c\u5305\u62ec\u6539\u5584\u96f6\u552e\u5e03\u5c40\u548c\u589e\u52a0\u505c\u8f66\u4f4d\uff0c\u589e\u5f3a\u4e86\u8d2d\u7269\u4f53\u9a8c\u5e76\u589e\u52a0\u4e86\u5ba2\u6d41\u91cf\u3002\u8ba1\u5212\u57282025-2027\u5e74\u95f4\u5728\u91cd\u5e86\u4e24\u6c5f\u5965\u7279\u83b1\u65af\u5b89\u88c5\u8282\u80fd\u7a7a\u8c03\u7cfb\u7edf\uff0c\u9884\u8ba1\u5c06\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u5e76\u8282\u7701\u6210\u672c\u3002 \u5728\u4e2d\u56fd\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u884c\u4e1a\u4e2d\u5360\u636e\u6709\u5229\u7684\u5e02\u573a\u5730\u4f4d\u3002 \u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002 24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"kgi daily trading ideas (chinese)\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"2025\u5e743\u670826\u65e5: \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP), \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK), Nebius Group NV (NBIS US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002 \u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 \u8fd1\u671f\u5728\u6606\u660e\u548c\u5408\u80a5\u5965\u7279\u83b1\u65af\u8fdb\u884c\u7684\u8d44\u4ea7\u63d0\u5347\u4e3e\u63aa\uff08AEIs\uff09\uff0c\u5305\u62ec\u6539\u5584\u96f6\u552e\u5e03\u5c40\u548c\u589e\u52a0\u505c\u8f66\u4f4d\uff0c\u589e\u5f3a\u4e86\u8d2d\u7269\u4f53\u9a8c\u5e76\u589e\u52a0\u4e86\u5ba2\u6d41\u91cf\u3002\u8ba1\u5212\u57282025-2027\u5e74\u95f4\u5728\u91cd\u5e86\u4e24\u6c5f\u5965\u7279\u83b1\u65af\u5b89\u88c5\u8282\u80fd\u7a7a\u8c03\u7cfb\u7edf\uff0c\u9884\u8ba1\u5c06\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u5e76\u8282\u7701\u6210\u672c\u3002 \u5728\u4e2d\u56fd\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u884c\u4e1a\u4e2d\u5360\u636e\u6709\u5229\u7684\u5e02\u573a\u5730\u4f4d\u3002 \u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002 24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-03-25T16:34:39+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-03-26T02:27:58+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"2025\u5e743\u670826\u65e5: \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP), \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK), Nebius Group NV (NBIS US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002 \u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 \u8fd1\u671f\u5728\u6606\u660e\u548c\u5408\u80a5\u5965\u7279\u83b1\u65af\u8fdb\u884c\u7684\u8d44\u4ea7\u63d0\u5347\u4e3e\u63aa\uff08AEIs\uff09\uff0c\u5305\u62ec\u6539\u5584\u96f6\u552e\u5e03\u5c40\u548c\u589e\u52a0\u505c\u8f66\u4f4d\uff0c\u589e\u5f3a\u4e86\u8d2d\u7269\u4f53\u9a8c\u5e76\u589e\u52a0\u4e86\u5ba2\u6d41\u91cf\u3002\u8ba1\u5212\u57282025-2027\u5e74\u95f4\u5728\u91cd\u5e86\u4e24\u6c5f\u5965\u7279\u83b1\u65af\u5b89\u88c5\u8282\u80fd\u7a7a\u8c03\u7cfb\u7edf\uff0c\u9884\u8ba1\u5c06\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u5e76\u8282\u7701\u6210\u672c\u3002 \u5728\u4e2d\u56fd\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u884c\u4e1a\u4e2d\u5360\u636e\u6709\u5229\u7684\u5e02\u573a\u5730\u4f4d\u3002 \u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002 24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-26-mar-2025-zh\\\/#blogposting\",\"name\":\"2025\\u5e743\\u670826\\u65e5: \\u7802\\u4e4b\\u8239\\u623f\\u5730\\u4ea7\\u6295\\u8d44\\u4fe1\\u6258 (SASSR SP), \\u4e2d\\u56fd\\u4eba\\u6c11\\u4fdd\\u9669(2328 HK), Nebius Group 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24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/#mainImage","width":652,"height":385},"primaryImageOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/#mainImage"},"datePublished":"2025-03-26T00:34:39+08:00","dateModified":"2025-03-26T10:27:58+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"2025\u5e743\u670826\u65e5: \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP), \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK), Nebius Group NV (NBIS US) \u2022 KGI Singapore Research","og:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002 \u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 \u8fd1\u671f\u5728\u6606\u660e\u548c\u5408\u80a5\u5965\u7279\u83b1\u65af\u8fdb\u884c\u7684\u8d44\u4ea7\u63d0\u5347\u4e3e\u63aa\uff08AEIs\uff09\uff0c\u5305\u62ec\u6539\u5584\u96f6\u552e\u5e03\u5c40\u548c\u589e\u52a0\u505c\u8f66\u4f4d\uff0c\u589e\u5f3a\u4e86\u8d2d\u7269\u4f53\u9a8c\u5e76\u589e\u52a0\u4e86\u5ba2\u6d41\u91cf\u3002\u8ba1\u5212\u57282025-2027\u5e74\u95f4\u5728\u91cd\u5e86\u4e24\u6c5f\u5965\u7279\u83b1\u65af\u5b89\u88c5\u8282\u80fd\u7a7a\u8c03\u7cfb\u7edf\uff0c\u9884\u8ba1\u5c06\u63d0\u9ad8\u8fd0\u8425\u6548\u7387\u5e76\u8282\u7701\u6210\u672c\u3002 \u5728\u4e2d\u56fd\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u884c\u4e1a\u4e2d\u5360\u636e\u6709\u5229\u7684\u5e02\u573a\u5730\u4f4d\u3002 \u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002 24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u516c\u53f82024\u8d22\u5e74\u603b\u8425\u6536\u4e3a8.612\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u5143\u3002\u589e\u957f\u4e3b\u8981\u5f52\u529f\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u4e1a\u52a1\u589e\u957f\u4e8630.0%\u3002\u5c3d\u7ba1\u51fa\u73b01040\u4e07\u65b0\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u4f46\u5f52\u5c5e\u4e8e\u80a1\u6743\u6240\u6709\u8005\u7684\u51c0\u5229\u6da6\u4ecd\u540c\u6bd4\u589e\u957f16.9%\uff0c\u81f32630\u4e07\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u5143\u3002\u96c6\u56e22024\u8d22\u5e74\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u7684\u6700\u7ec8\u80a1\u606f1.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u5f97\u8be5\u516c\u53f82024\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d\u4e3a2.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u7684\u80a1\u606f\u603b\u989d2.75\u65b0\u52a0\u5761\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.60 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK)\uff1a\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u7535\u52a8\u6c7d\u8f66\u9500\u552e","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-26-mar-2025-zh\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2025-03-25T16:34:39+00:00","article:modified_time":"2025-03-26T02:27:58+00:00","twitter:card":"summary","twitter:title":"2025\u5e743\u670826\u65e5: \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP), \u4e2d\u56fd\u4eba\u6c11\u4fdd\u9669(2328 HK), Nebius Group NV (NBIS US) \u2022 KGI Singapore Research","twitter:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258 (SASSR SP)\uff1a\u4e2d\u56fd\u7ecf\u6d4e\u7684\u632f\u5174 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.67\uff0c\u76ee\u6807\u4ef7\uff1a0.73\uff0c\u6b62\u635f\u4ef7\uff1a0.64 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u662f\u4e00\u5bb6\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u516c\u53f8\u3002\u516c\u53f8\u6295\u8d44\u4e8e\u591a\u5143\u5316\u7684\u96f6\u552e\u623f\u5730\u4ea7\u8d44\u4ea7\u7ec4\u5408\u3002Sasseur\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u670d\u52a1\u4e8e\u4e9a\u6d32\u5ba2\u6237\u3002 \u6295\u8d44\u7ec4\u5408\u5165\u4f4f\u7387\u521b\u5386\u53f2\u65b0\u9ad8\uff0c\u79df\u8d41\u9700\u6c42\u4fdd\u6301\u5f39\u6027\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u572824\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5b9e\u73b0\u4e8698.9%\u7684\u521b\u7eaa\u5f55\u5165\u4f4f\u7387\uff0c\u663e\u793a\u51fa\u5f3a\u52b2\u7684\u79df\u6237\u9700\u6c42\u548c\u6709\u6548\u7684\u8d44\u4ea7\u7ba1\u7406\u3002\u5c3d\u7ba124\u8d22\u5e74\u4e0b\u534a\u5e74\u4ee5\u4eba\u6c11\u5e01\u8ba1\u7b97\u7684\u5965\u7279\u83b1\u65af\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d3.9%\uff0c\u4f46\u623f\u5730\u4ea7\u4fe1\u6258\u7ee7\u7eed\u4f18\u5316\u5176\u79df\u6237\u7ec4\u5408\uff0c\u4ee5\u7ef4\u6301\u5ba2\u6d41\u91cf\u5e76\u63d0\u9ad8\u79df\u91d1\u6536\u5165\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u63d0\u5347\u63a8\u52a8\u4ef7\u503c\u3002 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\u4e2d\u56fd\u8fd1\u671f\u91c7\u53d6\u7684\u8d22\u653f\u523a\u6fc0\u63aa\u65bd\uff0c\u5305\u62ec\u6269\u5927\u6d88\u8d39\u54c1\u4ee5\u65e7\u6362\u65b0\u8ba1\u5212\u548c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\uff0c\u65e8\u5728\u63d0\u632f\u56fd\u5185\u6d88\u8d39\u548c\u7ecf\u6d4e\u589e\u957f\u3002\u8fd9\u4e9b\u4e3e\u63aa\u9884\u8ba1\u5c06\u589e\u5f3a\u6d88\u8d39\u8005\u7684\u8d2d\u4e70\u529b\uff0c\u4ece\u800c\u53ef\u80fd\u589e\u52a0\u96f6\u552e\u989d\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u8425\u96f6\u552e\u5965\u7279\u83b1\u65af\u8d2d\u7269\u4e2d\u5fc3\u7684\u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u53ef\u80fd\u4f1a\u8f6c\u5316\u4e3a\u66f4\u9ad8\u7684\u5ba2\u6d41\u91cf\u548c\u9500\u552e\u989d\uff0c\u4ece\u800c\u5bf9\u79df\u91d1\u6536\u5165\u548c\u6574\u4f53\u8d22\u52a1\u4e1a\u7ee9\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\u3002\u7136\u800c\uff0c\u5b9e\u9645\u6548\u76ca\u5c06\u53d6\u51b3\u4e8e\u8fd9\u4e9b\u653f\u7b56\u7684\u6709\u6548\u5b9e\u65bd\u548c\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u73af\u5883\u3002 24\u8d22\u5e74\u4e0b\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 \u7802\u4e4b\u8239\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u7684EMA\u79df\u91d1\u6536\u5165\u4fdd\u6301\u7a33\u5b9a\u5728\u4eba\u6c11\u5e013.351\u4ebf\u5143\uff0c\u5c3d\u7ba1\u5b8f\u89c2\u7ecf\u6d4e\u9762\u4e34\u4e0d\u5229\u56e0\u7d20\uff0c\u4ecd\u5b9e\u73b0\u4e860.8%\u7684\u540c\u6bd4\u589e\u957f\u3002\u4ee5\u65b0\u5143\u8ba1\u7b97\uff0cEMA\u79df\u91d1\u6536\u5165\u4e3a6220\u4e07\u65b0\u5143\uff0c\u7531\u4e8e\u4e0d\u5229\u7684\u5916\u6c47\u6c47\u7387\uff0c\u540c\u6bd4\u7565\u5fae\u4e0b\u964d0.2%\u300224\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6bcf\u5355\u4f4d\u53ef\u5206\u914d\u6536\u5165\uff08DPU\uff09\u540c\u6bd4\u589e\u957f0.1%\u81f32.929\u65b0\u52a0\u5761\u5206\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6709\u5f39\u6027\u7684EMA\u79df\u91d1\u6536\u5165\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.90 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u57fa\u672c\u9762\u4f9d\u7136\u5f3a\u52b2 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.460\uff0c\u76ee\u6807\u4ef7\uff1a0.490\uff0c\u6b62\u635f\u4ef7\uff1a0.445 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002 \u8be5\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u548c\u5fae\u5904\u7406\u5668\u76d1\u63a7\u8bbe\u5907\u3002 \u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u7535\u6c14\u5316\u4e1a\u52a1\u5b9e\u73b0\u4e86\u5f3a\u52b2\u7684\u8425\u6536\u589e\u957f\uff0c\u4ece2023\u8d22\u5e74\u76843.345\u4ebf\u65b0\u5143\u589e\u957f\u52302024\u8d22\u5e74\u76844.348\u4ebf\u65b0\u5143\uff0c\u540c\u6bd4\u589e\u957f30.0%\u3002\u8be5\u516c\u53f8\u7684\u81ea\u52a8\u5316\u4e1a\u52a1\u540c\u6bd4\u589e\u957f14.3%\uff0c\u901a\u4fe1\u4e1a\u52a1\u540c\u6bd4\u589e\u957f5.2%\u3002\u5f53\u524d\u7684\u4eba\u5de5\u667a\u80fd\u8d8b\u52bf\u53ef\u80fd\u4f1a\u79ef\u6781\u5f71\u54cd\u6570\u636e\u4e2d\u5fc3\u7684\u9700\u6c42\uff0c\u5e76\u7ee7\u7eed\u63a8\u52a8\u516c\u53f8\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u9700\u6c42\u3002 \u6301\u7eed\u7a33\u5b9a\u7684\u8ba2\u5355\u91cf\u3002 CSE\u5168\u7403\u57282024\u8d22\u5e74\u7684\u8ba2\u5355\u91cf\u4fdd\u6301\u7a33\u5b9a\uff0c\u4e3a6.726\u4ebf\u65b0\u5143\uff0c\u8fd9\u5c06\u6709\u529b\u5730\u63a8\u52a82025\u8d22\u5e74\u7684\u8425\u6536\u589e\u957f\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d19.1%\uff0c\u4e3b\u8981\u662f\u7531\u4e8e\u5728\u7f8e\u56fd\u603b\u7edf\u5927\u9009\u4e34\u8fd1\u65f6\uff0c2024\u5e74\u4e0b\u534a\u5e74\u7684\u65b0\u9879\u76ee\u8ba2\u5355\u51cf\u5c11\u3002\u867d\u7136\u4f5c\u4e3aCSE\u5168\u7403\u6700\u5927\u5e02\u573a\u7684\u7f8e\u56fd\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u9884\u8ba1\u5728\u5168\u7403\u8d8b\u52bf\u7684\u63a8\u52a8\u4e0b\uff0c\u8ba2\u5355\u5c06\u4fdd\u6301\u5f3a\u52b2\uff0c\u4ece\u800c\u63a8\u52a8\u80fd\u6e90\u548c\u901a\u4fe1\u670d\u52a1\u7684\u9700\u6c42\u589e\u957f\u3002 \u7ecf\u5e38\u6027\u4e1a\u52a1\u7ef4\u6301\u589e\u957f\u3002 \u9664\u4e86\u4e3a\u4e0d\u540c\u884c\u4e1a\u548c\u5e02\u573a\u7684\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u5916\uff0cCSE\u5168\u7403\u8fd8\u4e3a\u5176\u73b0\u6709\u5ba2\u6237\u63d0\u4f9b\u5176\u4ed6\u670d\u52a1\uff0c\u4f8b\u5982\u57fa\u7840\u8bbe\u65bd\u7684\u4f8b\u884c\u68c0\u67e5\u548c\u7ef4\u62a4\u3002\u8fd9\u79cd\u5546\u4e1a\u6a21\u5f0f\u4e3a\u516c\u53f8\u521b\u9020\u4e86\u4e00\u5c42\u8425\u6536\u9a71\u52a8\u529b\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u521d\u59cb\u9879\u76ee\u5b8c\u6210\u540e\uff0c\u901a\u8fc7\u7ef4\u62a4\u548c\u68c0\u67e5\u4ece\u6bcf\u4e2a\u5ba2\u6237\u9879\u76ee\u4e2d\u83b7\u5f97\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u540c\u65f6\u4fdd\u6301\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7684\u7ecf\u5e38\u6027\u4e1a\u52a1\u5360\u516c\u53f8\u8425\u6536\u768468.9%\u3002 2024\u8d22\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002 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