{"id":67411,"date":"2025-05-13T18:58:52","date_gmt":"2025-05-13T10:58:52","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67411"},"modified":"2025-05-14T10:32:00","modified_gmt":"2025-05-14T02:32:00","slug":"kgi-daily-trading-ideas-14-may-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-14-may-2025-zh\/","title":{"rendered":"2025\u5e745\u670814\u65e5: \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP), \u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK), \u5b89\u9054\u4fdd\u96aa(CB 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-67411-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"941\" height=\"473\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-28.png\" alt=\"\" class=\"wp-image-67508\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-28.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-28-300x151.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-28-768x386.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=\"941\" height=\"241\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-29.png\" alt=\"\" class=\"wp-image-67509\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-29.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-29-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-29-768x197.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 loading=\"lazy\" decoding=\"async\" width=\"941\" height=\"290\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-30.png\" alt=\"\" class=\"wp-image-67510\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-30.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-30-300x92.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/image-30-768x237.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\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-4.png\" alt=\"\" class=\"wp-image-67447\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-4-300x64.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-67411-_qqv3rtx8nazp\"><\/a><a id=\"post-67411-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\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=\"1467\" height=\"731\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-5.png\" alt=\"A screenshot of a phone\n\nAI-generated content may be incorrect.\" class=\"wp-image-67448\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-5.png 1467w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-5-300x149.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-5-1024x510.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-phone-ai-generated-content-may-5-768x383.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\/05\/word-image-67411-6.png\" alt=\"\" class=\"wp-image-67449\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-6-300x64.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-67411-_7c2gwybbbr90\"><\/a><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-67411-_9i0c554gtu0u\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-7.png\" class=\"wp-image-67450\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-7-300x64.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\"><strong><strong><strong>\u7d2b\u91d1\u96c6\u56e2 (ZXGH SP)\uff1a\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.029\uff0c\u76ee\u6807\u4ef7\uff1a0.033\uff0c\u6b62\u635f\u4ef7\uff1a0.027<\/strong><br>  <\/li>\n\n\n\n<li>\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u5176\u9644\u5c5e\u516c\u53f8\u8fd0\u8425\u4ee5\u7518\u85af\u751f\u7269\u79d1\u6280\u4e3a\u6838\u5fc3\u7684\u4ef7\u503c\u94fe\uff0c\u4e13\u6ce8\u4e8e\u79cd\u690d\u548c\u4f9b\u5e94\u3001\u4ea7\u54c1\u521b\u65b0\u548c\u96f6\u98df\u751f\u4ea7\u3001\u54c1\u724c\u5efa\u8bbe\u3001\u8425\u9500\u548c\u5206\u9500\u3002<br>  <\/li>\n\n\n\n<li><strong>\u8fdb\u4e00\u6b65\u6269\u5f20\u81f3\u6d77\u5357\u3002<\/strong>\u7d2b\u91d1\u96c6\u56e2\u6b63\u901a\u8fc7\u4e00\u9879\u8986\u76d612\u4e2a\u6751\u5e84\u3001\u9762\u79ef\u8fbe8961.33\u516c\u9877\u7684\u632f\u5174\u9879\u76ee\uff0c\u5c06\u5176\u7518\u85af\u4ef7\u503c\u94fe\u4ece\u798f\u5efa\u8fde\u57ce\u53bf\u6269\u5c55\u81f3\u6d77\u5357\u4e34\u9ad8\u53bf\u3002\u6d77\u5357\u7684\u65b0\u571f\u5730\u9762\u79ef\u8fdc\u5927\u4e8e\u5176\u5728\u798f\u5efa\u7684\u539f\u6709\u533a\u57df\uff0c\u63d0\u4f9b\u4e86\u5de8\u5927\u7684\u590d\u5236\u6f5c\u529b\u3002\u5c3d\u7ba1\u76ee\u524d\u4ecd\u5904\u4e8e\u521d\u6b65\u9636\u6bb5\uff0c\u4f46\u8be5\u96c6\u56e2\u9884\u8ba1\u5c06\u4ece2027\u8d22\u5e74\u5f00\u59cb\u5b9e\u73b0\u6b64\u6b21\u6269\u5f20\u5e26\u6765\u7684\u5229\u6da6\u3002\u6b64\u6218\u7565\u4e3e\u63aa\u6807\u5fd7\u7740\u7d2b\u91d1\u9996\u6b21\u5728\u798f\u5efa\u7701\u5916\u590d\u5236\u5176\u6a21\u5f0f\uff0c\u5c55\u73b0\u4e86\u5176\u5728\u519c\u4e1a\u9886\u57df\u7684\u589e\u957f\u96c4\u5fc3\u3002<br>  <\/li>\n\n\n\n<li><strong>\u65b0\u96f6\u98df\u4ea7\u54c1\u53d6\u5f97\u7a81\u7834\u3002<\/strong>\u7d2b\u91d1\u96c6\u56e2\u8fd1\u671f\u5ba3\u5e03\u5176\u5728\u7518\u85af\u85af\u7247\u548c\u85af\u6761\u96f6\u98df\u4ea7\u54c1\u7684\u751f\u4ea7\u65b9\u9762\u53d6\u5f97\u4e86\u7a81\u7834\u3002\u516c\u53f8\u5df2\u5f00\u59cb\u4ea4\u4ed82025\u5e742\u6708\u4ece\u5176\u5206\u9500\u5546\u7f51\u7edc\u6536\u5230\u7684\u8fd9\u4e9b\u65b0\u4ea7\u54c1\u7684\u5927\u91cf\u8ba2\u5355\u3002\u8fd9\u4e9b\u4ea7\u54c1\u4e5f\u83b7\u5f97\u4e86\u663e\u8457\u7684\u9700\u6c42\uff0c\u7d2b\u91d1\u5df2\u5728\u5176\u73b0\u6709\u96f6\u98df\u751f\u4ea7\u5de5\u5382\u63d0\u9ad8\u4e86\u4ea7\u80fd\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5229\u6da6\u7387\u6539\u5584\u3002<\/strong>\u7d2b\u91d1\u96c6\u56e2\u57282024\u8d22\u5e74\u7684\u5229\u6da6\u7387\u540c\u6bd4\u6709\u6240\u63d0\u9ad8\u3002\u8be5\u516c\u53f8\u7684\u6bdb\u5229\u7387\u572824\u8d22\u5e74\u4e0a\u5347\u81f332.0%\uff0c\u8fd9\u4e3b\u8981\u5f52\u56e0\u4e8e\u9500\u91cf\u589e\u52a0\u4ee5\u53ca\u89c4\u6a21\u7ecf\u6d4e\u5e26\u6765\u7684\u6210\u672c\u964d\u4f4e\u3002\u8be5\u516c\u53f8\u8fd8\u5f55\u5f97\u8425\u4e1a\u5229\u6da6\u7387\u4e3a6.9%\uff0c\u51c0\u5229\u6da6\u7387\u4e3a4.2%\uff0c\u8fd9\u662f\u4e94\u5e74\u591a\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u4e3b\u8981\u5f52\u529f\u4e8e\u76f8\u5bf9\u4e8e\u6536\u5165\u800c\u8a00\u8f83\u4f4e\u7684\u6210\u672c\u3002\u8fd9\u4e9b\u4e0d\u65ad\u6539\u5584\u7684\u5229\u6da6\u7387\u5c55\u73b0\u4e86\u7d2b\u91d1\u96c6\u56e2\u7efc\u5408\u6027\u5de5\u4e1a\u4ef7\u503c\u94fe\u7684\u521d\u6b65\u6210\u679c\uff0c\u5176\u4e2d\u5305\u62ec\u51b7\u85cf\u4ed3\u50a8\u670d\u52a1\u7684\u914d\u5957\u4ea7\u4e1a\uff0c\u4f7f\u8be5\u516c\u53f8\u80fd\u591f\u4ece\u540e\u75ab\u60c5\u5371\u673a\u4e2d\u590d\u82cf\u5e76\u6062\u590d\u76c8\u5229\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong>\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u62a5\u544a\u79f0\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u6536\u5165\u4e3a\u4eba\u6c11\u5e011.567\u4ebf\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u7684\u6536\u5165\u4eba\u6c11\u5e011.178\u4ebf\u5143\u540c\u6bd4\u589e\u957f33.1%\u3002\u516c\u53f8\u5728\u5176\u8de8\u4e1a\u52a1\u8fd0\u8425\u7684\u7efc\u5408\u5faa\u73af\u7ecf\u6d4e\u5de5\u4e1a\u4ef7\u503c\u94fe\u65b9\u9762\u6301\u7eed\u53d6\u5f97\u663e\u8457\u8fdb\u5c55\uff0c\u63a8\u52a8\u4e86\u8d22\u52a1\u4e1a\u7ee9\u7684\u663e\u8457\u548c\u6709\u673a\u589e\u957f\u30022025\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e01773\u4e07\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01340\u4e07\u5143\u3002\u96c6\u56e22025\u5e74\u4e0a\u534a\u5e74\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e010.54\u5206\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u6bcf\u80a1\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e010.25\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 1.38 \u65b0\u5143\u3002\u8bf7\u5728<a href=\"https:\/\/www.kgieworld.sg\/research\/company-initiation-zixin-group-holdings-ltd-zxgh-sp-42w-si\/\">\u8fd9\u91cc<\/a>\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6\u3002<\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67451\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-8.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-8.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-8-300x64.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=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-9.jpeg\" alt=\"\" class=\"wp-image-67452\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-9.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-9-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-9-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-9-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/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\/05\/a-long-line-of-a-white-background-description-aut-10.png\" class=\"wp-image-67453\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-white-background-description-aut-10.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-white-background-description-aut-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>\u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f<\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.28\uff0c\u76ee\u6807\u4ef7\uff1a0.30\uff0c\u6b62\u635f\u4ef7\uff1a0.27<\/strong><br>  <\/li>\n\n\n\n<li>\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u63d0\u4f9b\u623f\u5730\u4ea7\u6295\u8d44\u670d\u52a1\u3002\u8be5\u516c\u53f8\u6295\u8d44\u4e8e\u521b\u6536\u623f\u5730\u4ea7\uff0c\u4e3b\u8981\u7528\u4e8e\u91d1\u878d\u548c\u5546\u4e1a\u4e2d\u5fc3\u7684\u96f6\u552e\uff0c\u9152\u5e97\u548c\u529e\u516c\u7528\u9014\uff0c\u4ee5\u53ca\u623f\u5730\u4ea7\u76f8\u5173\u8d44\u4ea7\u3002\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u4e3a\u65b0\u52a0\u5761\u548c\u4e2d\u56fd\u7684\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7531\u4e8e\u8d44\u4ea7\u5265\u79bb\u548c\u9152\u5e97\u4e1a\u56de\u8c03\u5bfc\u81f4\u5b63\u5ea6\u8868\u73b0\u75b2\u8f6f\u3002 <\/strong>\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u62a5\u544a\u79f0\uff0c25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u6536\u5165\u548c\u51c0\u7269\u4e1a\u6536\u5165 (NPI) \u5206\u522b\u540c\u6bd4\u4e0b\u964d 11.9% \u548c 12.1%\u3002\u8f83\u4f4e\u7684\u6570\u5b57\u53cd\u6620\u4e86 2024 \u5e74 12 \u6708\u5265\u79bb\u529b\u5b9d\u5e7f\u573a\u540e\uff0c\u8be5\u5e7f\u573a\u4e0d\u518d\u8d21\u732e\u6536\u5165\uff0c\u4ee5\u53ca\u4e0e\u53bb\u5e74\u76f8\u6bd4\uff0c\u4ea4\u6613\u73af\u5883\u8f83\u4e3a\u4f4e\u8ff7\u7684\u9152\u5e97\u4e1a\u8868\u73b0\u75b2\u8f6f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6218\u7565\u6027\u8d44\u4ea7\u5265\u79bb\u3002 <\/strong>\u622a\u81f3 2024 \u5e74 12 \u6708 27 \u65e5\uff0c\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u6210\u529f\u5b8c\u6210\u4e86\u4e0a\u6d77\u529b\u5b9d\u5e7f\u573a\u7684\u5265\u79bb\uff0c\u51fa\u552e\u5bf9\u4ef7\u4e3a\u4eba\u6c11\u5e01 1,917.0 \u767e\u4e07\u5143\uff083.574 \u4ebf\u65b0\u5143\uff09\u3002\u6b64\u6b21\u8d44\u4ea7\u5265\u79bb\u5c06\u589e\u5f3a\u6295\u8d44\u7ec4\u5408\u7684\u97e7\u6027\uff0c\u5e76\u4e3a\u672a\u6765\u7684\u589e\u957f\u63d0\u4f9b\u8d22\u52a1\u7075\u6d3b\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u65c5\u6e38\u4e1a\u5e26\u6765\u7684\u987a\u98ce\u3002 <\/strong>\u65b0\u52a0\u5761\u65c5\u6e38\u5c40\u9884\u8ba1 2025 \u5e74\u56fd\u9645\u6e38\u5ba2\u4eba\u6570\u5c06\u8fbe\u5230 1700 \u4e07\u81f3 1850 \u4e07\u4eba\u6b21\uff0c\u65c5\u6e38\u6536\u5165\u9884\u8ba1\u4e3a 290 \u4ebf\u65b0\u5143\u81f3 305 \u4ebf\u65b0\u5143\u3002\u4e00\u7cfb\u5217\u5f3a\u5927\u7684\u4f11\u95f2\u6d3b\u52a8\uff0c\u5305\u62ec Lady Gaga \u5728 5 \u6708\u4e3e\u884c\u7684\u56db\u665a\u97f3\u4e50\u4f1a\u548c\u4e00\u7ea7\u65b9\u7a0b\u5f0f\u5927\u5956\u8d5b\uff0c\u4ee5\u53ca\u5176\u4ed6\u8868\u6f14\uff0c\u9884\u8ba1\u5c06\u4fc3\u8fdb\u5165\u5883\u65c5\u6e38\uff0c\u4ece\u800c\u652f\u6301\u5bf9\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u4f4d\u4e8e\u5e02\u4e2d\u5fc3\u7684\u9152\u5e97\u548c\u96f6\u552e\u8d44\u4ea7\u7684\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u79ef\u6781\u7684\u503a\u52a1\u7ba1\u7406\u3002 <\/strong>\u5728\u79ef\u6781\u7684\u518d\u878d\u8d44\u548c\u5229\u7387\u5bf9\u51b2\u7684\u652f\u6301\u4e0b\uff0c25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u878d\u8d44\u6210\u672c\u540c\u6bd4\u4e0b\u964d 11.3% \u81f3 2260 \u4e07\u65b0\u5143\u3002\u503a\u52a1\u7684\u52a0\u6743\u5e73\u5747\u6210\u672c\u4ece\u4e0a\u4e00\u5b63\u5ea6\u7684 4.7% \u964d\u81f3\u6bcf\u5e74 4.2%\u3002\u5229\u7387\u4e0b\u964d 25 \u4e2a\u57fa\u70b9\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u5c06 DPU \u63d0\u9ad8\u7ea6 0.03 \u65b0\u5206\uff0c\u4ece\u800c\u63d0\u4f9b\u989d\u5916\u7684\u4e0a\u6da8\u7a7a\u95f4\u3002<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002 \u6536\u5165\u548c\u51c0\u7269\u4e1a\u6536\u5165 (NPI) \u5206\u522b\u540c\u6bd4\u4e0b\u964d 11.9% \u548c 12.1% \u81f3 6600 \u4e07\u65b0\u5143\u548c 5320 \u4e07\u65b0\u5143\u3002\u8fd9\u4e9b\u4e0b\u964d\u4e3b\u8981\u662f\u7531\u4e8e\u5265\u79bb\u529b\u5b9d\u5e7f\u573a\u548c\u9152\u5e97\u4e1a\u52a1\u7684\u8d21\u732e\u51cf\u5c11\u3002\u5728\u540c\u7c7b\u57fa\u7840\u4e0a\uff0c\u6536\u5165\u548c NPI \u7684\u964d\u5e45\u8f83\u4e3a\u6e29\u548c\uff0c\u540c\u6bd4\u4e0b\u964d 3.9% \u548c 4.1%\uff0c\u7a81\u663e\u4e86\u5176\u65b0\u52a0\u5761\u6295\u8d44\u7ec4\u5408\u7684\u97e7\u6027\u3002<\/strong><br>  <\/li>\n\n\n\n<li>\u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 0.318 \u65b0\u5143\u3002\u8bf7\u5728<a href=\"https:\/\/www.kgieworld.sg\/research\/company-update-oue-reit-ouereit-sp-tsou-si\/\">\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-67454\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-white-tex-11.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\/05\/a-blue-and-white-rectangular-object-with-white-tex-11.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-white-tex-11-300x64.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=\"1149\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-5.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-67455\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-5.jpeg 1149w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-5-300x150.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-5-1024x512.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-on-a-screen-ai-generated-content-may-be-i-5-768x384.jpeg 768w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><\/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\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-13.png\" class=\"wp-image-67456\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-13-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-67411-_f3bvj0c8rd86\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-14.png\" class=\"wp-image-67457\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-67411-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK): \u9884\u8ba1\u822a\u8fd0\u9700\u6c42\u5c06\u6fc0\u589e<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a123\uff0c\u76ee\u6807\u4ef7\uff1a137\uff0c\u6b62\u635f\u4ef7\uff1a116<\/strong><br>  <\/li>\n\n\n\n<li>\u4e1c\u65b9\u6d77\u5916\uff08\u56fd\u9645\uff09\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u8d27\u67dc\u8fd0\u8f93\u53ca\u7269\u6d41\u4e1a\u52a1\u7684\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u516c\u53f8\u53ca\u5176\u5b50\u516c\u53f8\u901a\u8fc7\u4e24\u5927\u5206\u90e8\u8fd0\u8425\uff1a\u8d27\u67dc\u8fd0\u8f93\u53ca\u7269\u6d41\u5206\u90e8\uff0c\u4ee5\u53ca\u5176\u4ed6\u5206\u90e8\u3002\u8d27\u67dc\u8fd0\u8f93\u53ca\u7269\u6d41\u5206\u90e8\u4ece\u4e8b\u5728\u592a\u5e73\u6d0b\u533a\u3001\u5927\u897f\u6d0b\u533a\u3001\u6b27\u4e9a\u5730\u533a\u3001\u6fb3\u6d32\u4e0e\u4e9a\u6d32\u5730\u533a\uff0c\u548c\u4e9a\u6d32\u533a\u5185\u7b49\u4e3b\u8981\u822a\u7ebf\u8fdb\u884c\u73af\u7403\u8d27\u67dc\u8fd0\u8f93\u4e1a\u52a1\u3002\u9664\u6b64\u4e4b\u5916\uff0c\u5176\u4ea6\u5c31\u8d27\u7269\u6709\u6548\u50a8\u5b58\u53ca\u6d41\u52a8\u7684\u7ba1\u7406\u53ca\u7559\u63a7\u63d0\u4f9b\u7efc\u5408\u670d\u52a1\u3002\u5176\u4ed6\u5206\u90e8\u4ece\u4e8b\u51fa\u79df\u5546\u4e1a\u7269\u4e1a\u3002<br>  <\/li>\n\n\n\n<li><strong>\u822a\u8fd0\u9700\u6c42\u9884\u8ba1\u6fc0\u589e\u3002<\/strong>\u672a\u6765\u6570\u5468\uff0c\u8de8\u592a\u5e73\u6d0b\u96c6\u88c5\u7bb1\u8fd0\u8f93\u6709\u671b\u5927\u5e45\u589e\u957f\uff0c\u4f01\u4e1a\u6b63\u52a0\u5feb\u53d1\u8d27\u8282\u594f\uff0c\u4ee5\u628a\u63e1\u4e2d\u7f8e\u8d38\u6613\u5173\u7a0e\u6682\u65f6\u7f13\u89e3\u6240\u5e26\u6765\u7684\u7a97\u53e3\u671f\u3002\u672c\u8f6e\u589e\u957f\u7d27\u968f\u4e2d\u7f8e\u53cc\u65b9\u4e8e\u5468\u4e00\u5ba3\u5e03\u768490\u5929\u8d38\u6613\u4f11\u6218\u534f\u8bae\uff0c\u9884\u8ba1\u5c06\u7acb\u5373\u63a8\u52a8\u5bf9\u96c6\u88c5\u7bb1\u822a\u8fd0\u670d\u52a1\u7684\u9700\u6c42\u3002\u8be5\u534f\u8bae\u662f\u5728\u4e0a\u5468\u672b\u745e\u58eb\u4e3e\u884c\u7684\u8d38\u6613\u78cb\u5546\u4e2d\u8fbe\u6210\u7684\uff0c\u7f8e\u56fd\u627f\u8bfa\u5c06\u5bf9\u4e2d\u56fd\u5546\u54c1\u7684\u5173\u7a0e\u4ece145%\u4e0b\u8c03\u81f330%\uff0c\u5176\u4e2d91\u4e2a\u767e\u5206\u70b9\u5c06\u88ab\u53d6\u6d88\uff0c\u53e6\u670924\u4e2a\u767e\u5206\u70b9\u5c06\u572890\u5929\u5185\u6682\u505c\u5f81\u6536\u3002\u4f5c\u4e3a\u56de\u5e94\uff0c\u4e2d\u56fd\u4e5f\u5c06\u5bf9\u7f8e\u56fd\u4ea7\u54c1\u7684\u62a5\u590d\u6027\u5173\u7a0e\u4ece125%\u964d\u81f310%\u3002\u8be5\u5173\u7a0e\u8c03\u6574\u5c06\u4e8e\u5468\u4e09\u6b63\u5f0f\u751f\u6548\u3002\u9884\u8ba1\u8fd9\u6ce2\u8fd0\u8f93\u91cf\u7684\u6fc0\u589e\u5c06\u5229\u597d\u5728\u8de8\u592a\u5e73\u6d0b\u822a\u7ebf\u4e0a\u5177\u6709\u5f3a\u5927\u5e03\u5c40\u7684\u822a\u8fd0\u516c\u53f8\uff0c\u5305\u62ec\u4e1c\u65b9\u6d77\u5916\uff08\u56fd\u9645\uff09\u6709\u9650\u516c\u53f8\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5f00\u901a\u66f4\u591a\u822a\u7ebf\u3002<\/strong>\u4e1c\u65b9\u6d77\u5916\u8d27\u67dc\u822a\u8fd0\u6709\u9650\u516c\u53f8\uff08OOCL\uff09\u5ba3\u5e03\uff0c\u901a\u8fc7\u5176KTX2\u822a\u7ebf\u6b63\u5f0f\u5f00\u901a\u76f4\u8fbe\u798f\u5efa\u7701\u91cd\u70b9\u7ecf\u6d4e\u57ce\u5e02\u6cc9\u5dde\u7684\u822a\u8fd0\u670d\u52a1\u3002\u65b0\u822a\u7ebf\u5b9e\u73b0\u4e86\u65e5\u672c\u4e0e\u6cc9\u5dde\u6e2f\u7684\u76f4\u63a5\u8fde\u901a\uff0c\u63d0\u4f9b\u5177\u7ade\u4e89\u529b\u7684\u8fd0\u8f93\u65f6\u6548\uff0c\u5e76\u63d0\u5347\u533a\u57df\u8d38\u6613\u6d41\u901a\u6548\u7387\u3002\u9664\u4e86\u6302\u9760\u4e3b\u8981\u6e2f\u53e3\u5916\uff0cOOCL\u7684\u56fd\u5185\u652f\u7ebf\u7f51\u7edc\u8fd8\u652f\u6301\u6765\u81ea\u65e5\u672c\u5404\u5730\u533a\u6e2f\u53e3\u7684\u8d27\u7269\u63a5\u6536\uff0c\u8fdb\u4e00\u6b65\u62d3\u5c55\u4e86\u670d\u52a1\u8986\u76d6\u8303\u56f4\u3002\u6b64\u9879\u670d\u52a1\u6709\u671b\u63a8\u52a8\u5bf9\u798f\u5efa\u7701\u7684\u51fa\u53e3\u589e\u957f\uff0c\u5e76\u5bf9OOCL\u8425\u6536\u5e26\u6765\u6b63\u9762\u8d21\u732e\u3002<br>  <\/li>\n\n\n\n<li><strong>\u8239\u961f\u6269\u5f20\u3002<\/strong>\u4e1c\u65b9\u6d77\u5916\uff08\u56fd\u9645\uff09\u6709\u9650\u516c\u53f8\u5ba3\u5e03\uff0c\u5176\u9644\u5c5e\u516c\u53f8\u5df2\u4e0e\u4e2d\u56fd\u8fdc\u6d0b\u6d77\u8fd0\u96c6\u56e2\u7b7e\u8ba2\u5efa\u902014\u8258\u65b0\u578b\u96c6\u88c5\u7bb1\u8239\u7684\u8ba2\u5355\uff0c\u603b\u91d1\u989d\u7ea6\u4e3a30.8\u4ebf\u7f8e\u5143\u3002\u65b0\u8239\u5c06\u914d\u5907\u7532\u9187\u53cc\u71c3\u6599\u53d1\u52a8\u673a\uff0c\u516c\u53f8\u8868\u793a\u8be5\u914d\u7f6e\u5c06\u63d0\u5347\u8fd0\u8425\u6548\u7387\u3001\u964d\u4f4e\u78b3\u6392\u653e\uff0c\u5e76\u589e\u5f3a\u5176\u5728\u6210\u719f\u53ca\u65b0\u5174\u5e02\u573a\u7684\u7ade\u4e89\u529b\u3002\u8be5\u9020\u8239\u8ba1\u5212\u5c06\u901a\u8fc7\u94f6\u884c\u8d37\u6b3e\u53ca\u5916\u90e8\u878d\u8d44\u8986\u76d6\u6bcf\u8258\u8239\u6210\u672c\u768460%\uff0c\u5176\u4f5940%\u5c06\u7531\u516c\u53f8\u81ea\u6709\u8d44\u91d1\u652f\u4ed8\u3002\u65b0\u8239\u4ea4\u4ed8\u65f6\u95f4\u9884\u8ba1\u4e3a2028\u5e74\u7b2c\u4e09\u5b63\u5ea6\u81f32029\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e4b\u95f4\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2024\u8d22\u5e74\uff0c\u516c\u53f8\u5b9e\u73b0\u6536\u5165107\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f28.3%\uff0c2023\u8d22\u5e74\u4e3a83.4\u4ebf\u7f8e\u5143\uff1b\u51c0\u5229\u6da6\u4e3a25.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f88.4%\uff0c2023\u8d22\u5e74\u4e3a13.7\u4ebf\u7f8e\u5143\uff1b\u6bcf\u80a1\u57fa\u672c\u76c8\u5229\u4e3a3.90\u7f8e\u5143\uff0c\u8f832023\u8d22\u5e74\u76842.07\u7f8e\u5143\u660e\u663e\u4e0a\u5347\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67458\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-15-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-16.jpeg\" alt=\"\" class=\"wp-image-67459\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-16.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-16-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-16-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-16-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-17.png\" class=\"wp-image-67460\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a (2357 HK): \u4e2d\u56fd\u56fd\u9632\u6280\u672f\u7684\u53ef\u4fe1\u5ea6<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a4.05\uff0c\u76ee\u6807\u4ef7\uff1a4.55\uff0c\u6b62\u635f\u4ef7\uff1a3.80<\/strong><br>  <\/li>\n\n\n\n<li>\u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u822a\u7a7a\u4ea7\u54c1\u7814\u7a76\uff0c\u5f00\u53d1\uff0c\u5236\u9020\u548c\u9500\u552e\u53ca\u76f8\u5173\u5de5\u7a0b\u670d\u52a1\u4e1a\u52a1\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u4e09\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u822a\u7a7a\u6574\u673a\u5206\u90e8\u4e3b\u8981\u5305\u62ec\u4e3a\u56fd\u5185\u5916\u5ba2\u6237\u63d0\u4f9b\u76f4\u5347\u673a\u3001\u6559\u7ec3\u673a\u3001\u901a\u7528\u98de\u673a\u3001\u652f\u7ebf\u98de\u673a\u7b49\u3002\u822a\u7a7a\u914d\u5957\u7cfb\u7edf\u53ca\u76f8\u5173\u4e1a\u52a1\u5206\u90e8\u4e3b\u8981\u5305\u62ec\u822a\u7a7a\u7535\u5b50\u4ea7\u54c1\u3001\u673a\u7535\u4ea7\u54c1\u3001\u8fde\u63a5\u5668\u53ca\u9644\u4ef6\u3002\u822a\u7a7a\u5de5\u7a0b\u670d\u52a1\u5206\u90e8\u4e3b\u8981\u5305\u62ec\u63d0\u4f9b\u89c4\u5212\u3001\u8bbe\u8ba1\u3001\u54a8\u8be2\u3001\u5efa\u8bbe\u548c\u8fd0\u8425\u7b49\u670d\u52a1\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u5728\u4e2d\u56fd\u56fd\u5185\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5df4\u57fa\u65af\u5766\u548c\u5370\u5ea6\u4e4b\u95f4\u7684\u51b2\u7a81\u52a0\u5267\u3002<\/strong>\u5728\u514b\u4ec0\u7c73\u5c14\u90a6\u5e15\u54c8\u5c14\u7518\u9644\u8fd1\u53d1\u751f\u6050\u6016\u88ad\u51fb\u540e\uff0c\u5df4\u57fa\u65af\u5766\u548c\u5370\u5ea6\u6700\u8fd1\u7684\u51b2\u7a81\u6709\u6240\u589e\u52a0\u3002\u8fd9\u5bfc\u81f4\u4e86\u5370\u5ea6\u7684\u4e00\u6b21\u7a7a\u88ad\uff0c\u968f\u540e\u662f\u4e24\u56fd\u6218\u6597\u673a\u4e4b\u95f4\u7684\u51b2\u7a81\u3002\u8fd9\u573a\u5bf9\u6297\u6807\u5fd7\u7740\u4e24\u56fd\u62e5\u6709\u7684\u6838\u6b66\u5668\u56fd\u5bb6\u4e4b\u95f4\u957f\u8fbe\u6570\u5341\u5e74\u7684\u514b\u4ec0\u7c73\u5c14\u51b2\u7a81\u7684\u6700\u65b0\u5347\u7ea7\u3002\u8fd9\u573a\u51b2\u7a81\u5c06\u589e\u52a0\u4e24\u56fd\u7684\u56fd\u9632\u5f00\u652f\uff0c\u4f7f\u8be5\u5730\u533a\u7684\u822a\u7a7a\u822a\u5929\u548c\u56fd\u9632\u516c\u53f8\u53d7\u76ca\uff0c\u5176\u4e2d\u5305\u62ec\u4e2d\u56fd\u7684\u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e2d\u56fd\u822a\u7a7a\u822a\u5929\u548c\u56fd\u9632\u79d1\u6280\u7684\u5b9e\u529b\u3002<\/strong>\u5df4\u57fa\u65af\u5766\u526f\u603b\u7406\u4f0a\u6c99\u514b\u00b7\u8fbe\u5c14\u8bc1\u5b9e\uff0c\u4ece\u4e2d\u56fd\u91c7\u8d2d\u7684\u6b7c-10C\u6218\u6597\u673a\u5df2\u90e8\u7f72\u7528\u4e8e\u5e94\u5bf9\u6700\u8fd1\u5370\u5ea6\u7684\u7a7a\u88ad\u3002\u6b64\u524d\u6709\u731c\u6d4b\u79f0\uff0c\u4e2d\u56fd\u5236\u9020\u7684\u519b\u4e8b\u786c\u4ef6\u53c2\u4e0e\u4e86\u6b64\u6b21\u51b2\u7a81\uff0c\u5df4\u57fa\u65af\u5766\u58f0\u79f0\u5728\u6b64\u671f\u95f4\u51fb\u843d\u4e86\u4e94\u67b6\u5370\u5ea6\u98de\u673a\u3002\u636e\u62a5\u9053\uff0c\u6b7c-10C\u5728\u5b9e\u6218\u4e2d\u7684\u8fd0\u7528\u662f\u4e00\u4e2a\u91cd\u8981\u7684\u91cc\u7a0b\u7891\uff0c\u63d0\u5347\u4e86\u8be5\u98de\u673a\u5728\u5168\u7403\u56fd\u9632\u5e02\u573a\u4e0a\u7684\u5438\u5f15\u529b\u3002\u201c\u4e45\u7ecf\u6c99\u573a\u201d\u7684\u79f0\u53f7\u662f\u519b\u4e8b\u51fa\u53e3\u7684\u4e00\u4e2a\u663e\u8457\u4f18\u52bf\uff0c\u80fd\u591f\u8d4b\u4e88\u5176\u53ef\u4fe1\u5ea6\u5e76\u63d0\u9ad8\u9700\u6c42\u3002\u8fd9\u4e00\u8fdb\u5c55\u4e5f\u63d0\u5347\u4e86\u4e2d\u56fd\u56fd\u9632\u5de5\u4e1a\u7684\u58f0\u8a89\u3002\u4f5c\u4e3a\u4e2d\u56fd\u822a\u7a7a\u5de5\u4e1a\u96c6\u56e2\u516c\u53f8\uff08AVIC\uff09\u66f4\u5e7f\u6cdb\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u5173\u952e\u53c2\u4e0e\u8005\uff0c\u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u5c06\u95f4\u63a5\u53d7\u76ca\u4e8e\u56fd\u9645\u793e\u4f1a\u5bf9\u4e2d\u56fd\u519b\u4e8b\u822a\u7a7a\u6280\u672f\u65e5\u76ca\u589e\u957f\u7684\u5174\u8da3\u548c\u5bf9\u5176\u4e0d\u65ad\u6539\u5584\u7684\u770b\u6cd5\u3002<br>  <\/li>\n\n\n\n<li><strong>24\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>24\u8d22\u5e74\u8425\u6536\u540c\u6bd4\u589e\u957f2.62%\u81f3\u4eba\u6c11\u5e01870\u4ebf\u5143\uff0c\u800c23\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e01848\u4ebf\u5143\u300224\u8d22\u5e74\u51c0\u5229\u6da6\u540c\u6bd4\u4e0b\u964d10.6%\u81f3\u4eba\u6c11\u5e0121.9\u4ebf\u5143\uff0c\u800c23\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e0124.5\u4ebf\u5143\u300224\u8d22\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3\u4eba\u6c11\u5e010.274\u5143\uff0c\u800c23\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e010.311\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-67461\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-numbers-ai-1-3.png\" alt=\"A blue and white rectangular box with numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-numbers-ai-1-3.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-box-with-numbers-ai-1-3-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1181\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-line-graph-ai-generated-content-5.jpeg\" alt=\"A graph showing a line graph\n\nAI-generated content may be incorrect.\" class=\"wp-image-67462\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-line-graph-ai-generated-content-5.jpeg 1181w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-line-graph-ai-generated-content-5-300x151.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-line-graph-ai-generated-content-5-1024x517.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-line-graph-ai-generated-content-5-768x388.jpeg 768w\" sizes=\"(max-width: 1181px) 100vw, 1181px\" \/><\/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\/05\/word-image-67411-20.png\" alt=\"\" class=\"wp-image-67463\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-20-300x64.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-67411-_6xzuwbi3dcr\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-21.png\" class=\"wp-image-67464\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-21.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-21-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-21-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u5b89\u9054\u4fdd\u96aa(CB US):\u66f4\u9ad8\u7684\u4fdd\u8d39<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a285 \u76ee\u6807\u4ef7\uff1a305\u6b62\u635f\u4ef7\uff1a275<\/strong><br>  <\/li>\n\n\n\n<li>\u5b89\u9054\u4fdd\u96aa\u662f\u4e00\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u745e\u58eb\u8607\u9ece\u4e16\u7684\u8de8\u570b\u4fdd\u96aa\u516c\u53f8\uff0c\u4e5f\u662f\u5168\u7403\u6700\u5927\u7684\u4e0a\u5e02\u8ca1\u7522\u53ca\u610f\u5916\u4fdd\u96aa\u516c\u53f8\u4e4b\u4e00\u3002\u516c\u53f8\u4fdd\u96aa\u7522\u54c1\u5305\u62ec\u8ca1\u7522\u8207\u610f\u5916\u4fdd\u96aa\u3001\u518d\u4fdd\u96aa\u670d\u52d9\u3001\u4eba\u58fd\u8207\u5065\u5eb7\u4fdd\u96aa\u548c\u9ad8\u6de8\u503c\u4eba\u58eb\u500b\u4eba\u4fdd\u96aa\u7b49\u3002<br>  <\/li>\n\n\n\n<li><strong>\u9810\u671f\u4fdd\u8cbb\u4e0a\u8abf\u3002<\/strong>\u7531\u65bc\u95dc\u7a05\u5c0e\u81f4\u7684\u539f\u6750\u6599\u6210\u672c\u4e0a\u5347\uff0c\u52a0\u4e0a\u5e74\u521d\u81f3\u4eca\u5317\u7f8e\u5730\u5340\u81ea\u7136\u707d\u5bb3\u983b\u767c\u3001\u7d22\u8ce0\u98a8\u96aa\u589e\u52a0\uff0c\u9019\u4e9b\u56e0\u7d20\u9810\u6599\u5c07\u63a8\u9ad8\u8ca1\u7522\u66ff\u63db\u6210\u672c\u3002\u9019\u985e\u901a\u81a8\u58d3\u529b\u53ef\u671b\u652f\u6301\u516c\u53f8\u5728\u8ca1\u7522\u4fdd\u96aa\u7dda\u4e0a\u7684\u4fdd\u8cbb\u4e0a\u8abf\uff0c\u9032\u4e00\u6b65\u63a8\u52d5\u71df\u6536\u6210\u9577\uff0c\u5c24\u5176\u662f\u5728\u6709\u5229\u7684\u627f\u4fdd\u74b0\u5883\u4e0b\u66f4\u5177\u5229\u591a\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e9e\u6d32\u5e02\u5834\u7684\u6230\u7565\u64f4\u5f35\u3002<\/strong>\u516c\u53f8\u6536\u8cfcLiberty Mutual\u5728\u6cf0\u570b\u8207\u8d8a\u5357\u7684\u696d\u52d9\uff0c\u8a72\u696d\u52d9\u57282024\u8ca1\u5e74\u5275\u9020\u4e862.75\u5104\u7f8e\u5143\u7684\u4fdd\u8cbb\u6536\u5165\uff0c\u5c07\u6709\u6548\u5f37\u5316\u5176\u5728\u4e9e\u592a\u9ad8\u6210\u9577\u4fdd\u96aa\u5e02\u5834\u7684\u4f48\u5c40\u3002\u6b64\u9805\u64f4\u5f35\u6709\u52a9\u65bc\u5206\u6563\u5176\u5730\u7406\u71df\u6536\u4f86\u6e90\uff0c\u540c\u6642\u4e5f\u8b93\u516c\u53f8\u66f4\u6709\u6a5f\u6703\u638c\u63e1\u4e9e\u6d32\u65b0\u8208\u5e02\u5834\u4e2d\u7522\u968e\u7d1a\u65e5\u76ca\u6210\u9577\u7684\u4fdd\u96aa\u9700\u6c42\u3002<br>  <\/li>\n\n\n\n<li><strong>\u696d\u7e3e\u8d85\u9810\u671f\u3002<\/strong>25\u8ca1\u5e74\u7b2c\u4e00\u5b63\u6838\u5fc3\u71df\u904b\u6bcf\u80a1\u76c8\u5229\u70ba3.68\u7f8e\u5143\uff0c\u9ad8\u65bc\u5e02\u5834\u9810\u671f\u76843.23\u7f8e\u5143\u3002\u6de8\u4fdd\u8cbb\u6536\u5165\u540c\u6bd4\u589e\u95773.6%\u81f3120\u5104\u7f8e\u5143\uff0c\u8d85\u9810\u671f7.8\u5104\u7f8e\u5143\u3002\u5e74\u5316\u80a1\u6771\u6b0a\u76ca\u56de\u5831\u7387\u70ba8.2%\uff0c\u6838\u5fc3\u904b\u71df\u6709\u5f62\u80a1\u6771\u6b0a\u76ca\u56de\u5831\u7387\u70ba13%\uff0c\u6838\u5fc3\u904b\u71df\u80a1\u6771\u6b0a\u76ca\u56de\u5831\u7387\u70ba8.6%\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u4e1a\u7ee9\u3002<\/strong>2025\u5e74\u7b2c\u4e00\u5b63\u51c0\u5229\u6da6\u540c\u6bd4\u4e0b\u964d37.9%\u81f313.3\u4ebf\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u4e3a21.4\u4ebf\u7f8e\u5143\u30022025\u5e74\u7b2c\u4e00\u5b63\u6838\u5fc3\u8425\u4e1a\u5229\u6da6\uff08\u7a0e\u540e\uff09\u4e0b\u964d31.1%\u81f314.9\u4ebf\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u4e3a21.6\u4ebf\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\/05\/word-image-67411-22.png\" alt=\"\" class=\"wp-image-67465\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-22.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-22-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1193\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-23.jpeg\" alt=\"\" class=\"wp-image-67466\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-23.jpeg 1193w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-23-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-23-1024x494.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-23-768x370.jpeg 768w\" sizes=\"(max-width: 1193px) 100vw, 1193px\" \/><\/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\/05\/a-long-line-of-a-flag-description-automatically-g-10.png\" class=\"wp-image-67467\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-10.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-10-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-long-line-of-a-flag-description-automatically-g-10-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><strong> <\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u51ac\u6d77\u7a46\u8fea\u516c\u53f8(MCO US): \u7a33\u5b9a\u3001\u53ef\u6269\u5c55\u4e14\u591a\u5143\u5316<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a460 \u76ee\u6807\u4ef7\uff1a500 \u6b62\u635f\u4ef7\uff1a440<\/strong><br>  <\/li>\n\n\n\n<li>\u7a46\u8fea\u516c\u53f8\u662f\u4e00\u5bb6\u5168\u7403\u77e5\u540d\u7684\u4fe1\u7528\u8bc4\u7b49\u516c\u53f8\u3002\u4e3b\u8981\u63d0\u4f9b\u5168\u7403\u8d44\u672c\u5e02\u573a\u4fe1\u7528\u8bc4\u7b49\u3001\u5e02\u573a\u7814\u7a76\u3001\u7814\u7a76\u5de5\u5177\u53ca\u5206\u6790\u8d44\u6599\u7b49\u670d\u52a1\uff0c\u53ef\u5206\u4e3a\u7a46\u8fea\u6295\u8d44\u670d\u52a1\u516c\u53f8(MIS)\u53ca\u7a46\u8fea\u5206\u6790(MA)\u4e24\u5927\u4e8b\u4e1a\u4f53\u3002\u7a46\u8fea\u6295\u8d44\u670d\u52a1\u516c\u53f8\u662f\u4e00\u5bb6\u4fe1\u7528\u8bc4\u7b49\u673a\u6784\uff0c\u63d0\u4f9b\u5404\u7c7b\u4f01\u4e1a\u3001\u653f\u5e9c\u3001\u7ed3\u6784\u6027\u878d\u8d44\u8bc1\u5238\u3001\u5546\u4e1a\u7968\u636e\u4e4b\u503a\u52a1\u4fe1\u7528\u8bc4\u7b49\u670d\u52a1\u3002\u7a46\u8fea\u5206\u6790\u5219\u63d0\u4f9b\u5168\u7403\u91d1\u878d\u5e02\u573a\u7684\u8d22\u52a1\u5206\u6790\u53ca\u98ce\u9669\u7ba1\u7406\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5f3a\u52b2\u7684\u53d1\u884c\u524d\u666f\u3002<\/strong>\u9884\u8ba1\u4ece2025\u5e74\u52302028\u5e74\uff0c\u7f8e\u56fd\u548c\u6b27\u6d32\u3001\u4e2d\u4e1c\u53ca\u975e\u6d32 (EMEA) \u5730\u533a\u5c06\u6709\u8d85\u8fc74\u4e07\u4ebf\u7f8e\u5143\u7684\u503a\u52a1\u5230\u671f\uff0c\u8fd9\u53ef\u80fd\u63a8\u52a8\u518d\u878d\u8d44\u548c\u65b0\u53d1\u884c\u6d3b\u52a8\uff0c\u4e3a\u7a46\u8fea\u63d0\u4f9b\u7a33\u5b9a\u7684\u4e1a\u52a1\u6765\u6e90\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"372\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-financial-bonds-and-loans-ai-generated-3.png\" alt=\"A graph of financial bonds and loans\n\nAI-generated content may be incorrect.\" class=\"wp-image-67468\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-financial-bonds-and-loans-ai-generated-3.png 720w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-financial-bonds-and-loans-ai-generated-3-300x155.png 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/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: <a href=\"https:\/\/ir.moodys.com\/financials\/quarterly-results\/default.aspx\">Moody\u2019s<\/a>)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u63a8\u51fa\u72ec\u7acb\u98ce\u9669\u8bc4\u4f30\u3002<\/strong>MSCI\u548c\u7a46\u8fea\u5ba3\u5e03\u8fbe\u6210\u6218\u7565\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\uff0c\u63a8\u51fa\u9996\u4e2a\u9488\u5bf9\u79c1\u4eba\u4fe1\u8d37\u6295\u8d44\u7684\u5927\u89c4\u6a21\u72ec\u7acb\u98ce\u9669\u8bc4\u4f30\u89e3\u51b3\u65b9\u6848\u3002\u8be5\u89e3\u51b3\u65b9\u6848\u7ed3\u5408\u4e86MSCI\u5e7f\u6cdb\u7684\u79c1\u4eba\u8d44\u672c\u6570\u636e\u548c\u7a46\u8fea\u7684EDF-X\u4fe1\u7528\u98ce\u9669\u6a21\u578b\uff0c\u4e3a\u4f01\u4e1a\u548c\u878d\u8d44\u8bbe\u65bd\u63d0\u4f9b\u900f\u660e\u7684\u7b2c\u4e09\u65b9\u98ce\u9669\u8bc4\u4f30\u3002\u968f\u7740\u79c1\u4eba\u4fe1\u8d37\u5e02\u573a\u7684\u6269\u5f20\uff0c\u6b64\u6b21\u5408\u4f5c\u65e8\u5728\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u6807\u51c6\u5316\u5de5\u5177\uff0c\u7528\u4e8e\u4fe1\u7528\u98ce\u9669\u57fa\u51c6\u5206\u6790\u3001\u6295\u8d44\u51b3\u7b56\u652f\u6301\u4ee5\u53ca\u6295\u8d44\u7ec4\u5408\u7ba1\u7406\u3002\u540c\u65f6\uff0c\u8fd9\u4e00\u5408\u4f5c\u5c06\u63d0\u9ad8\u5e02\u573a\u900f\u660e\u5ea6\u548c\u4e00\u81f4\u6027\u3002\u8be5\u4ea7\u54c1\u7684\u63a8\u51fa\u6b63\u503c\u79c1\u4eba\u5e02\u573a\u6295\u8d44\u9700\u6c42\u4e0a\u5347\u4e4b\u9645\uff0c\u5177\u6709\u826f\u597d\u7684\u65f6\u673a\u4f18\u52bf\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7a33\u5065\u3001\u591a\u5143\u5316\u7684\u6536\u5165\u6765\u6e90\u3002<\/strong>\u5c3d\u7ba1\u5168\u5e74\u4e1a\u7ee9\u6307\u5f15\u7565\u6709\u4e0b\u8c03\uff0c\u4f46\u7a46\u8fea\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u51f8\u663e\u5176\u591a\u5143\u5316\u4e14\u4ee5\u670d\u52a1\u4e3a\u6838\u5fc3\u7684\u4e1a\u52a1\u6a21\u5f0f\u7684\u5f3a\u52b2\u8868\u73b0\u3002\u7a46\u8fea\u5206\u6790 (Moody\u2019s Analytics, MA) \u7684\u7ecf\u5e38\u6027\u6536\u5165\u5360\u6bd4\u8fbe96%\uff0c\u540c\u6bd4\u589e\u957f9%\uff0c\u5176\u4e2d\u51b3\u7b56\u89e3\u51b3\u65b9\u6848 (Decision Solutions) \u589e\u957f12%\uff0c\u6574\u4f53\u6536\u5165\u589e\u957f8%\uff0c\u4f53\u73b0\u4e86\u5176\u5411\u8ba2\u9605\u6a21\u5f0f\u6218\u7565\u8f6c\u578b\u7684\u6210\u529f\u3002\u5e74\u5316\u7ecf\u5e38\u6027\u6536\u5165 (ARR) \u589e\u81f333\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u51fa\u5e02\u573a\u5bf9\u6570\u636e\u9a71\u52a8\u7684\u98ce\u9669\u548c\u51b3\u7b56\u89e3\u51b3\u65b9\u6848\u7684\u6301\u7eed\u9700\u6c42\u3002\u540c\u65f6\uff0c\u7a46\u8fea\u6295\u8d44\u8005\u670d\u52a1 (Moody\u2019s Investors Service, MIS) \u5b9e\u73b0\u4e8611\u4ebf\u7f8e\u5143\u7684\u5b63\u5ea6\u6700\u9ad8\u6536\u5165\uff0c\u540c\u6bd4\u589e\u957f8%\u7684\u4ea4\u6613\u6536\u5165\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6295\u8d44\u7ea7\u4f01\u4e1a\u878d\u8d44\u3001\u7ed3\u6784\u5316\u878d\u8d44\u7279\u522b\u662f\u4e0e\u79c1\u4eba\u4fe1\u8d37\u76f8\u5173\u4ea4\u6613\u7684\u5f3a\u52b2\u52bf\u5934\u3002\u5728\u9ad8\u8d28\u91cf\u548c\u79c1\u4eba\u4fe1\u8d37\u8d44\u4ea7\u9700\u6c42\u6301\u7eed\u5f3a\u52b2\u7684\u80cc\u666f\u4e0b\uff0c\u7a46\u8fea\u4f9d\u8d56\u7ecf\u5e38\u6027\u8ba2\u9605\u6536\u5165\u548c\u5e7f\u6cdb\u7684\u5e02\u573a\u8986\u76d6\u7684\u7a33\u5065\u6536\u5165\u57fa\u7840\uff0c\u4f7f\u5176\u80fd\u591f\u5728\u5b8f\u89c2\u4e0d\u786e\u5b9a\u6027\u4e2d\u4fdd\u6301\u7ade\u4e89\u529b\uff0c\u5e76\u5b9e\u73b0\u957f\u671f\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>25 \u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u7a46\u8fea\u516c\u53f8\u5b9e\u73b0\u6536\u5165\u540c\u6bd4\u589e\u957f8%\uff0c\u8fbe\u523019.2\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f4000\u4e07\u7f8e\u5143\u3002\u975eGAAP\u6bcf\u80a1\u6536\u76ca\u4e3a3.83\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0. 29\u7f8e\u5143\u3002\u516c\u53f8\u4e0b\u8c03\u4e862025\u5e74\u5168\u5e74\u6307\u5f15\uff0c\u9884\u8ba1\u6536\u5165\u5c06\u5b9e\u73b0\u4e2d\u4e2a\u4f4d\u6570\u589e\u957f\uff0c\u8c03\u6574\u540e\u7684\u8425\u4e1a\u5229\u6da6\u7387\u4ecb\u4e8e49%\u81f350%\u4e4b\u95f4\u3002\u516c\u53f8\u9884\u8ba1\u5168\u5e74\u8c03\u6574\u540e\u7684\u644a\u8584\u6bcf\u80a1\u6536\u76ca\u572813.25\u7f8e\u5143\u81f314. 00\u7f8e\u5143\u4e4b\u95f4\u3002\u6b64\u5916\uff0c\u7a46\u8fea\u8ba1\u5212\u56de\u8d2d\u81f3\u5c1113\u4ebf\u7f8e\u5143\u7684\u80a1\u7968\uff0c\u5e76\u9884\u8ba1\u81ea\u7531\u73b0\u91d1\u6d41\u572823\u4ebf\u7f8e\u5143\u81f325\u4ebf\u7f8e\u5143\u4e4b\u95f4\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\/05\/a-blue-and-white-rectangular-object-with-numbers-5.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-67469\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-numbers-5.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-blue-and-white-rectangular-object-with-numbers-5-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1181\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-number-of-lines-ai-generated-co-3.jpeg\" alt=\"A graph showing a number of lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67470\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-number-of-lines-ai-generated-co-3.jpeg 1181w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-number-of-lines-ai-generated-co-3-300x151.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-number-of-lines-ai-generated-co-3-1024x517.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-showing-a-number-of-lines-ai-generated-co-3-768x388.jpeg 768w\" sizes=\"(max-width: 1181px) 100vw, 1181px\" \/><\/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-67411-_Hlt181111973\"><\/a><a id=\"post-67411-_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-67411-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-28.png\" class=\"wp-image-67471\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-28-300x64.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\/05\/word-image-67411-29.png\" alt=\"\" class=\"wp-image-67472\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-29.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-29-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take<strong> <\/strong>profit on China Merchant Banks Co Ltd (3968 HK) at HK$47.5. Add AviChina Industry & Technology Co Ltd (2357 HK) at HK$4.05, Xiaomi Corp (1810 HK) at HK$49.0 and SAP SE (SAP US) at US$290. Cut loss on American Water Works Co Inc. (AWK US) at US$140 and Consolidated Edison Inc. (ED US) at US$105.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"494\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-30.png\" alt=\"\" class=\"wp-image-67473\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-30.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-30-300x157.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67411-30-768x402.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 \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP)\uff1a\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b (Source: Bloomberg) \u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f (Source: Bloomberg) \u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK): \u9884\u8ba1\u822a\u8fd0\u9700\u6c42\u5c06\u6fc0\u589e (Source: Bloomberg) \u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a (2357 HK): \u4e2d\u56fd\u56fd\u9632\u6280\u672f\u7684\u53ef\u4fe1\u5ea6 (Source: Bloomberg) \u5b89\u9054\u4fdd\u96aa(CB US):\u66f4\u9ad8\u7684\u4fdd\u8d39 (Source: Bloomberg) \u51ac\u6d77\u7a46\u8fea\u516c\u53f8(MCO US): \u7a33\u5b9a\u3001\u53ef\u6269\u5c55\u4e14\u591a\u5143\u5316 (Source: Moody\u2019s) (Source: Bloomberg) ^ Back To Top Trading Dashboard Update: [&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-67411","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 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\u5229\u6da6\u7387\u6539\u5584\u3002\u7d2b\u91d1\u96c6\u56e2\u57282024\u8d22\u5e74\u7684\u5229\u6da6\u7387\u540c\u6bd4\u6709\u6240\u63d0\u9ad8\u3002\u8be5\u516c\u53f8\u7684\u6bdb\u5229\u7387\u572824\u8d22\u5e74\u4e0a\u5347\u81f332.0%\uff0c\u8fd9\u4e3b\u8981\u5f52\u56e0\u4e8e\u9500\u91cf\u589e\u52a0\u4ee5\u53ca\u89c4\u6a21\u7ecf\u6d4e\u5e26\u6765\u7684\u6210\u672c\u964d\u4f4e\u3002\u8be5\u516c\u53f8\u8fd8\u5f55\u5f97\u8425\u4e1a\u5229\u6da6\u7387\u4e3a6.9%\uff0c\u51c0\u5229\u6da6\u7387\u4e3a4.2%\uff0c\u8fd9\u662f\u4e94\u5e74\u591a\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u4e3b\u8981\u5f52\u529f\u4e8e\u76f8\u5bf9\u4e8e\u6536\u5165\u800c\u8a00\u8f83\u4f4e\u7684\u6210\u672c\u3002\u8fd9\u4e9b\u4e0d\u65ad\u6539\u5584\u7684\u5229\u6da6\u7387\u5c55\u73b0\u4e86\u7d2b\u91d1\u96c6\u56e2\u7efc\u5408\u6027\u5de5\u4e1a\u4ef7\u503c\u94fe\u7684\u521d\u6b65\u6210\u679c\uff0c\u5176\u4e2d\u5305\u62ec\u51b7\u85cf\u4ed3\u50a8\u670d\u52a1\u7684\u914d\u5957\u4ea7\u4e1a\uff0c\u4f7f\u8be5\u516c\u53f8\u80fd\u591f\u4ece\u540e\u75ab\u60c5\u5371\u673a\u4e2d\u590d\u82cf\u5e76\u6062\u590d\u76c8\u5229\u3002 2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u62a5\u544a\u79f0\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u6536\u5165\u4e3a\u4eba\u6c11\u5e011.567\u4ebf\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u7684\u6536\u5165\u4eba\u6c11\u5e011.178\u4ebf\u5143\u540c\u6bd4\u589e\u957f33.1%\u3002\u516c\u53f8\u5728\u5176\u8de8\u4e1a\u52a1\u8fd0\u8425\u7684\u7efc\u5408\u5faa\u73af\u7ecf\u6d4e\u5de5\u4e1a\u4ef7\u503c\u94fe\u65b9\u9762\u6301\u7eed\u53d6\u5f97\u663e\u8457\u8fdb\u5c55\uff0c\u63a8\u52a8\u4e86\u8d22\u52a1\u4e1a\u7ee9\u7684\u663e\u8457\u548c\u6709\u673a\u589e\u957f\u30022025\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e01773\u4e07\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01340\u4e07\u5143\u3002\u96c6\u56e22025\u5e74\u4e0a\u534a\u5e74\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e010.54\u5206\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u6bcf\u80a1\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e010.25\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6\u3002 (Source: Bloomberg) \u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.28\uff0c\u76ee\u6807\u4ef7\uff1a0.30\uff0c\u6b62\u635f\u4ef7\uff1a0.27 \u534e\u8054\u5546\u4e1a\u4fe1\u6258\u63d0\u4f9b\u623f\u5730\u4ea7\u6295\u8d44\u670d\u52a1\u3002\u8be5\u516c\u53f8\u6295\u8d44\u4e8e\u521b\u6536\u623f\u5730\u4ea7\uff0c\u4e3b\u8981\u7528\u4e8e\u91d1\u878d\u548c\u5546\u4e1a\u4e2d\u5fc3\u7684\u96f6\u552e\uff0c\u9152\u5e97\u548c\u529e\u516c\u7528\u9014\uff0c\u4ee5\u53ca\u623f\u5730\u4ea7\u76f8\u5173\u8d44\u4ea7\u3002\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u4e3a\u65b0\u52a0\u5761\u548c\u4e2d\u56fd\u7684\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002 \u7531\u4e8e\u8d44\u4ea7\u5265\u79bb\u548c\u9152\u5e97\u4e1a\u56de\u8c03\u5bfc\u81f4\u5b63\u5ea6\u8868\u73b0\u75b2\u8f6f\u3002 \u534e\u8054\u5546\u4e1a\u4fe1\u6258\u62a5\u544a\u79f0\uff0c25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u6536\u5165\u548c\u51c0\u7269\u4e1a\u6536\u5165 (NPI) \u5206\u522b\u540c\u6bd4\u4e0b\u964d 11.9% \u548c 12.1%\u3002\u8f83\u4f4e\u7684\u6570\u5b57\u53cd\u6620\u4e86 2024 \u5e74 12 \u6708\u5265\u79bb\u529b\u5b9d\u5e7f\u573a\u540e\uff0c\u8be5\u5e7f\u573a\u4e0d\u518d\u8d21\u732e\u6536\u5165\uff0c\u4ee5\u53ca\u4e0e\u53bb\u5e74\u76f8\u6bd4\uff0c\u4ea4\u6613\u73af\u5883\u8f83\u4e3a\u4f4e\u8ff7\u7684\u9152\u5e97\u4e1a\u8868\u73b0\u75b2\u8f6f\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u5265\u79bb\u3002 \u622a\u81f3 2024 \u5e74 12 \u6708 27 \u65e5\uff0c\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u6210\u529f\u5b8c\u6210\u4e86\u4e0a\u6d77\u529b\u5b9d\u5e7f\u573a\u7684\u5265\u79bb\uff0c\u51fa\u552e\u5bf9\u4ef7\u4e3a\u4eba\u6c11\u5e01 1,917.0\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-14-may-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=\"2025-05-13T10:58:52+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-05-14T02:32:00+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"2025\u5e745\u670814\u65e5: \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP), \u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK), \u5b89\u9054\u4fdd\u96aa(CB 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 \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP)\uff1a\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.029\uff0c\u76ee\u6807\u4ef7\uff1a0.033\uff0c\u6b62\u635f\u4ef7\uff1a0.027 \u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u5176\u9644\u5c5e\u516c\u53f8\u8fd0\u8425\u4ee5\u7518\u85af\u751f\u7269\u79d1\u6280\u4e3a\u6838\u5fc3\u7684\u4ef7\u503c\u94fe\uff0c\u4e13\u6ce8\u4e8e\u79cd\u690d\u548c\u4f9b\u5e94\u3001\u4ea7\u54c1\u521b\u65b0\u548c\u96f6\u98df\u751f\u4ea7\u3001\u54c1\u724c\u5efa\u8bbe\u3001\u8425\u9500\u548c\u5206\u9500\u3002 \u8fdb\u4e00\u6b65\u6269\u5f20\u81f3\u6d77\u5357\u3002\u7d2b\u91d1\u96c6\u56e2\u6b63\u901a\u8fc7\u4e00\u9879\u8986\u76d612\u4e2a\u6751\u5e84\u3001\u9762\u79ef\u8fbe8961.33\u516c\u9877\u7684\u632f\u5174\u9879\u76ee\uff0c\u5c06\u5176\u7518\u85af\u4ef7\u503c\u94fe\u4ece\u798f\u5efa\u8fde\u57ce\u53bf\u6269\u5c55\u81f3\u6d77\u5357\u4e34\u9ad8\u53bf\u3002\u6d77\u5357\u7684\u65b0\u571f\u5730\u9762\u79ef\u8fdc\u5927\u4e8e\u5176\u5728\u798f\u5efa\u7684\u539f\u6709\u533a\u57df\uff0c\u63d0\u4f9b\u4e86\u5de8\u5927\u7684\u590d\u5236\u6f5c\u529b\u3002\u5c3d\u7ba1\u76ee\u524d\u4ecd\u5904\u4e8e\u521d\u6b65\u9636\u6bb5\uff0c\u4f46\u8be5\u96c6\u56e2\u9884\u8ba1\u5c06\u4ece2027\u8d22\u5e74\u5f00\u59cb\u5b9e\u73b0\u6b64\u6b21\u6269\u5f20\u5e26\u6765\u7684\u5229\u6da6\u3002\u6b64\u6218\u7565\u4e3e\u63aa\u6807\u5fd7\u7740\u7d2b\u91d1\u9996\u6b21\u5728\u798f\u5efa\u7701\u5916\u590d\u5236\u5176\u6a21\u5f0f\uff0c\u5c55\u73b0\u4e86\u5176\u5728\u519c\u4e1a\u9886\u57df\u7684\u589e\u957f\u96c4\u5fc3\u3002 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\u5229\u6da6\u7387\u6539\u5584\u3002\u7d2b\u91d1\u96c6\u56e2\u57282024\u8d22\u5e74\u7684\u5229\u6da6\u7387\u540c\u6bd4\u6709\u6240\u63d0\u9ad8\u3002\u8be5\u516c\u53f8\u7684\u6bdb\u5229\u7387\u572824\u8d22\u5e74\u4e0a\u5347\u81f332.0%\uff0c\u8fd9\u4e3b\u8981\u5f52\u56e0\u4e8e\u9500\u91cf\u589e\u52a0\u4ee5\u53ca\u89c4\u6a21\u7ecf\u6d4e\u5e26\u6765\u7684\u6210\u672c\u964d\u4f4e\u3002\u8be5\u516c\u53f8\u8fd8\u5f55\u5f97\u8425\u4e1a\u5229\u6da6\u7387\u4e3a6.9%\uff0c\u51c0\u5229\u6da6\u7387\u4e3a4.2%\uff0c\u8fd9\u662f\u4e94\u5e74\u591a\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u4e3b\u8981\u5f52\u529f\u4e8e\u76f8\u5bf9\u4e8e\u6536\u5165\u800c\u8a00\u8f83\u4f4e\u7684\u6210\u672c\u3002\u8fd9\u4e9b\u4e0d\u65ad\u6539\u5584\u7684\u5229\u6da6\u7387\u5c55\u73b0\u4e86\u7d2b\u91d1\u96c6\u56e2\u7efc\u5408\u6027\u5de5\u4e1a\u4ef7\u503c\u94fe\u7684\u521d\u6b65\u6210\u679c\uff0c\u5176\u4e2d\u5305\u62ec\u51b7\u85cf\u4ed3\u50a8\u670d\u52a1\u7684\u914d\u5957\u4ea7\u4e1a\uff0c\u4f7f\u8be5\u516c\u53f8\u80fd\u591f\u4ece\u540e\u75ab\u60c5\u5371\u673a\u4e2d\u590d\u82cf\u5e76\u6062\u590d\u76c8\u5229\u3002 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u62a5\u544a\u79f0\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u6536\u5165\u4e3a\u4eba\u6c11\u5e011.567\u4ebf\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u7684\u6536\u5165\u4eba\u6c11\u5e011.178\u4ebf\u5143\u540c\u6bd4\u589e\u957f33.1%\u3002\u516c\u53f8\u5728\u5176\u8de8\u4e1a\u52a1\u8fd0\u8425\u7684\u7efc\u5408\u5faa\u73af\u7ecf\u6d4e\u5de5\u4e1a\u4ef7\u503c\u94fe\u65b9\u9762\u6301\u7eed\u53d6\u5f97\u663e\u8457\u8fdb\u5c55\uff0c\u63a8\u52a8\u4e86\u8d22\u52a1\u4e1a\u7ee9\u7684\u663e\u8457\u548c\u6709\u673a\u589e\u957f\u30022025\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e01773\u4e07\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01340\u4e07\u5143\u3002\u96c6\u56e22025\u5e74\u4e0a\u534a\u5e74\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e010.54\u5206\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u6bcf\u80a1\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e010.25\u5206\u3002 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u62a5\u544a\u79f0\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u6536\u5165\u4e3a\u4eba\u6c11\u5e011.567\u4ebf\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u7684\u6536\u5165\u4eba\u6c11\u5e011.178\u4ebf\u5143\u540c\u6bd4\u589e\u957f33.1%\u3002\u516c\u53f8\u5728\u5176\u8de8\u4e1a\u52a1\u8fd0\u8425\u7684\u7efc\u5408\u5faa\u73af\u7ecf\u6d4e\u5de5\u4e1a\u4ef7\u503c\u94fe\u65b9\u9762\u6301\u7eed\u53d6\u5f97\u663e\u8457\u8fdb\u5c55\uff0c\u63a8\u52a8\u4e86\u8d22\u52a1\u4e1a\u7ee9\u7684\u663e\u8457\u548c\u6709\u673a\u589e\u957f\u30022025\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e01773\u4e07\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01340\u4e07\u5143\u3002\u96c6\u56e22025\u5e74\u4e0a\u534a\u5e74\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e010.54\u5206\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u6bcf\u80a1\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e010.25\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6\u3002 (Source: Bloomberg) \u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.28\uff0c\u76ee\u6807\u4ef7\uff1a0.30\uff0c\u6b62\u635f\u4ef7\uff1a0.27 \u534e\u8054\u5546\u4e1a\u4fe1\u6258\u63d0\u4f9b\u623f\u5730\u4ea7\u6295\u8d44\u670d\u52a1\u3002\u8be5\u516c\u53f8\u6295\u8d44\u4e8e\u521b\u6536\u623f\u5730\u4ea7\uff0c\u4e3b\u8981\u7528\u4e8e\u91d1\u878d\u548c\u5546\u4e1a\u4e2d\u5fc3\u7684\u96f6\u552e\uff0c\u9152\u5e97\u548c\u529e\u516c\u7528\u9014\uff0c\u4ee5\u53ca\u623f\u5730\u4ea7\u76f8\u5173\u8d44\u4ea7\u3002\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u4e3a\u65b0\u52a0\u5761\u548c\u4e2d\u56fd\u7684\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002 \u7531\u4e8e\u8d44\u4ea7\u5265\u79bb\u548c\u9152\u5e97\u4e1a\u56de\u8c03\u5bfc\u81f4\u5b63\u5ea6\u8868\u73b0\u75b2\u8f6f\u3002 \u534e\u8054\u5546\u4e1a\u4fe1\u6258\u62a5\u544a\u79f0\uff0c25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684\u6536\u5165\u548c\u51c0\u7269\u4e1a\u6536\u5165 (NPI) \u5206\u522b\u540c\u6bd4\u4e0b\u964d 11.9% \u548c 12.1%\u3002\u8f83\u4f4e\u7684\u6570\u5b57\u53cd\u6620\u4e86 2024 \u5e74 12 \u6708\u5265\u79bb\u529b\u5b9d\u5e7f\u573a\u540e\uff0c\u8be5\u5e7f\u573a\u4e0d\u518d\u8d21\u732e\u6536\u5165\uff0c\u4ee5\u53ca\u4e0e\u53bb\u5e74\u76f8\u6bd4\uff0c\u4ea4\u6613\u73af\u5883\u8f83\u4e3a\u4f4e\u8ff7\u7684\u9152\u5e97\u4e1a\u8868\u73b0\u75b2\u8f6f\u3002 \u6218\u7565\u6027\u8d44\u4ea7\u5265\u79bb\u3002 \u622a\u81f3 2024 \u5e74 12 \u6708 27 \u65e5\uff0c\u534e\u8054\u5546\u4e1a\u4fe1\u6258\u6210\u529f\u5b8c\u6210\u4e86\u4e0a\u6d77\u529b\u5b9d\u5e7f\u573a\u7684\u5265\u79bb\uff0c\u51fa\u552e\u5bf9\u4ef7\u4e3a\u4eba\u6c11\u5e01 1,917.0","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-14-may-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":"2025-05-13T10:58:52+00:00","article:modified_time":"2025-05-14T02:32:00+00:00","twitter:card":"summary","twitter:title":"2025\u5e745\u670814\u65e5: \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP), \u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK), \u5b89\u9054\u4fdd\u96aa(CB 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 \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP)\uff1a\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.029\uff0c\u76ee\u6807\u4ef7\uff1a0.033\uff0c\u6b62\u635f\u4ef7\uff1a0.027 \u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u5176\u9644\u5c5e\u516c\u53f8\u8fd0\u8425\u4ee5\u7518\u85af\u751f\u7269\u79d1\u6280\u4e3a\u6838\u5fc3\u7684\u4ef7\u503c\u94fe\uff0c\u4e13\u6ce8\u4e8e\u79cd\u690d\u548c\u4f9b\u5e94\u3001\u4ea7\u54c1\u521b\u65b0\u548c\u96f6\u98df\u751f\u4ea7\u3001\u54c1\u724c\u5efa\u8bbe\u3001\u8425\u9500\u548c\u5206\u9500\u3002 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\u5229\u6da6\u7387\u6539\u5584\u3002\u7d2b\u91d1\u96c6\u56e2\u57282024\u8d22\u5e74\u7684\u5229\u6da6\u7387\u540c\u6bd4\u6709\u6240\u63d0\u9ad8\u3002\u8be5\u516c\u53f8\u7684\u6bdb\u5229\u7387\u572824\u8d22\u5e74\u4e0a\u5347\u81f332.0%\uff0c\u8fd9\u4e3b\u8981\u5f52\u56e0\u4e8e\u9500\u91cf\u589e\u52a0\u4ee5\u53ca\u89c4\u6a21\u7ecf\u6d4e\u5e26\u6765\u7684\u6210\u672c\u964d\u4f4e\u3002\u8be5\u516c\u53f8\u8fd8\u5f55\u5f97\u8425\u4e1a\u5229\u6da6\u7387\u4e3a6.9%\uff0c\u51c0\u5229\u6da6\u7387\u4e3a4.2%\uff0c\u8fd9\u662f\u4e94\u5e74\u591a\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u4e3b\u8981\u5f52\u529f\u4e8e\u76f8\u5bf9\u4e8e\u6536\u5165\u800c\u8a00\u8f83\u4f4e\u7684\u6210\u672c\u3002\u8fd9\u4e9b\u4e0d\u65ad\u6539\u5584\u7684\u5229\u6da6\u7387\u5c55\u73b0\u4e86\u7d2b\u91d1\u96c6\u56e2\u7efc\u5408\u6027\u5de5\u4e1a\u4ef7\u503c\u94fe\u7684\u521d\u6b65\u6210\u679c\uff0c\u5176\u4e2d\u5305\u62ec\u51b7\u85cf\u4ed3\u50a8\u670d\u52a1\u7684\u914d\u5957\u4ea7\u4e1a\uff0c\u4f7f\u8be5\u516c\u53f8\u80fd\u591f\u4ece\u540e\u75ab\u60c5\u5371\u673a\u4e2d\u590d\u82cf\u5e76\u6062\u590d\u76c8\u5229\u3002 2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002\u7d2b\u91d1\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u62a5\u544a\u79f0\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u6536\u5165\u4e3a\u4eba\u6c11\u5e011.567\u4ebf\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u7684\u6536\u5165\u4eba\u6c11\u5e011.178\u4ebf\u5143\u540c\u6bd4\u589e\u957f33.1%\u3002\u516c\u53f8\u5728\u5176\u8de8\u4e1a\u52a1\u8fd0\u8425\u7684\u7efc\u5408\u5faa\u73af\u7ecf\u6d4e\u5de5\u4e1a\u4ef7\u503c\u94fe\u65b9\u9762\u6301\u7eed\u53d6\u5f97\u663e\u8457\u8fdb\u5c55\uff0c\u63a8\u52a8\u4e86\u8d22\u52a1\u4e1a\u7ee9\u7684\u663e\u8457\u548c\u6709\u673a\u589e\u957f\u30022025\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e01773\u4e07\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u7a0e\u540e\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01340\u4e07\u5143\u3002\u96c6\u56e22025\u5e74\u4e0a\u534a\u5e74\u7684\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a\u4eba\u6c11\u5e010.54\u5206\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u7684\u6bcf\u80a1\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e010.25\u5206\u3002 \u6211\u4eec\u5bf9\u57fa\u672c\u9762\u7684\u8bc4\u7ea7\u4e3a\u4e70\u5165\uff0c\u76ee\u6807\u4ef7\u4e3a 1.38 \u65b0\u5143\u3002\u8bf7\u5728\u8fd9\u91cc\u9605\u8bfb\u62a5\u544a\u5168\u6587\u3002 \u5e02\u573a\u5171\u8bc6\u3002 (Source: Bloomberg) \u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.28\uff0c\u76ee\u6807\u4ef7\uff1a0.30\uff0c\u6b62\u635f\u4ef7\uff1a0.27 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Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u7d2b\u91d1\u96c6\u56e2 (ZXGH SP)\uff1a\u5de8\u5927\u7684\u589e\u957f\u6f5c\u529b (Source: Bloomberg) \u534e\u8054\u5546\u4e1a\u4fe1\u6258 (OUEREIT SP)\uff1a\u91cd\u65b0\u805a\u7126\u3001\u5177\u6709\u97e7\u6027\u5e76\u51c6\u5907\u597d\u589e\u957f (Source: Bloomberg) \u4e1c\u65b9\u6d77\u5916(\u56fd\u9645) (316 HK): \u9884\u8ba1\u822a\u8fd0\u9700\u6c42\u5c06\u6fc0\u589e (Source: Bloomberg) \u4e2d\u56fd\u822a\u7a7a\u79d1\u6280\u5de5\u4e1a (2357 HK): \u4e2d\u56fd\u56fd\u9632\u6280\u672f\u7684\u53ef\u4fe1\u5ea6 (Source: Bloomberg) \u5b89\u9054\u4fdd\u96aa(CB US):\u66f4\u9ad8\u7684\u4fdd\u8d39 (Source: Bloomberg) \u51ac\u6d77\u7a46\u8fea\u516c\u53f8(MCO US): \u7a33\u5b9a\u3001\u53ef\u6269\u5c55\u4e14\u591a\u5143\u5316 (Source: Moody\u2019s) (Source: Bloomberg) ^ Back To Top Trading Dashboard 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