{"id":69015,"date":"2025-06-05T18:17:57","date_gmt":"2025-06-05T10:17:57","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=69015"},"modified":"2025-06-06T10:05:24","modified_gmt":"2025-06-06T02:05:24","slug":"kgi-daily-trading-ideas-06-jun-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-06-jun-2025-zh\/","title":{"rendered":"2025\u5e746\u67086\u65e5: \u5409\u5b9d\u4f01\u4e1a (KEP SP), \u79fb\u5361 (9923 HK), Robinhood Markets, Inc. (HOOD 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-69015-_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\/06\/image-9.png\" alt=\"\" class=\"wp-image-69110\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-9.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-9-300x152.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-9-768x389.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\/06\/image-10.png\" alt=\"\" class=\"wp-image-69111\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-10.png 939w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-10-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-10-768x197.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\/06\/image-11.png\" alt=\"\" class=\"wp-image-69112\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-11.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-11-300x93.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-11-768x237.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\/06\/word-image-69015-4.png\" alt=\"\" class=\"wp-image-69050\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-4-300x64.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-69015-_qqv3rtx8nazp\"><\/a><a id=\"post-69015-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2108\" height=\"1055\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10.png\" alt=\"A screenshot of a computer\n\nAI-generated content may be incorrect.\" class=\"wp-image-69051\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10.png 2108w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10-300x150.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10-1024x512.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10-768x384.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10-1536x769.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-ai-generated-content-m-10-2048x1025.png 2048w\" sizes=\"(max-width: 2108px) 100vw, 2108px\" \/><\/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\/06\/word-image-69015-6.png\" alt=\"\" class=\"wp-image-69052\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-6-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  <a id=\"post-69015-_7c2gwybbbr90\"><\/a>\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-69015-_9i0c554gtu0u\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-7.png\" class=\"wp-image-69053\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong><strong>\u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a6.9\uff0c\u76ee\u6807\u4ef7\uff1a7.5\uff0c\u6b62\u635f\u4ef7\uff1a6.6<\/strong><br>  <\/li>\n\n\n\n<li>\u5409\u5b9d\u4f01\u4e1a\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u8d44\u4ea7\u7ba1\u7406\u548c\u8fd0\u8425\u5546\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u80fd\u6e90\u4e0e\u73af\u5883\u3001\u57ce\u5e02\u53d1\u5c55\u548c\u6570\u5b57\u4e92\u8054\u4e92\u901a\u9886\u57df\u7684\u53ef\u6301\u7eed\u53d1\u5c55\u89e3\u51b3\u65b9\u6848\uff0c\u5e76\u901a\u8fc7\u5176\u6295\u8d44\u5e73\u53f0\u548c\u8d44\u4ea7\u7ec4\u5408\u63d0\u4f9b\u5173\u952e\u57fa\u7840\u8bbe\u65bd\u548c\u670d\u52a1\u3002\u5409\u5b9d\u4f01\u4e1a\u670d\u52a1\u5168\u7403\u5ba2\u6237\u3002<br>  <\/li>\n\n\n\n<li><strong>\u533a\u57df\u4f9b\u51b7\u7cfb\u7edf\u62d3\u5c55\u81f3\u533b\u7597\u9886\u57df\u3002 <\/strong>\u5409\u5b9d\u4f01\u4e1a\u6b63\u5728\u63a2\u7d22\u5c06\u5176\u5728\u88d5\u5eca\u6e56\u533a\u5373\u5c06\u5efa\u6210\u7684\u533a\u57df\u4f9b\u51b7\u7cfb\u7edf (DCS) \u4e0e\u9ec4\u5ef7\u65b9\u7efc\u5408\u533b\u9662\u548c\u88d5\u5eca\u793e\u533a\u533b\u9662\u6574\u5408\u3002\u5982\u679c\u5f97\u4ee5\u5b9e\u65bd\uff0c\u8fd9\u5c06\u6807\u5fd7\u7740\u65b0\u52a0\u5761\u9996\u6b21\u5728\u533b\u7597\u91cd\u5efa\u9879\u76ee\u4e2d\u90e8\u7f72 DCS\uff0c\u4ece\u800c\u63d0\u9ad8\u80fd\u6e90\u6548\u7387\u3001\u8fd0\u8425\u5f39\u6027\uff0c\u5e76\u817e\u51fa\u5173\u952e\u7a7a\u95f4\u7528\u4e8e\u60a3\u8005\u62a4\u7406\u3002\u8fd9\u4f7f\u5f97\u5409\u5b9d\u4f01\u4e1a\u5728\u4efb\u52a1\u5173\u952e\u578b\u9886\u57df\u7684\u53ef\u6301\u7eed\u57fa\u7840\u8bbe\u65bd\u65b9\u9762\u5904\u4e8e\u9886\u5148\u5730\u4f4d\uff0c\u5e76\u6709\u671b\u5728\u4f4e\u78b3\u57ce\u5e02\u516c\u7528\u4e8b\u4e1a\u9700\u6c42\u4e0d\u65ad\u589e\u957f\u7684\u60c5\u51b5\u4e0b\uff0c\u5728\u533a\u57df\u8303\u56f4\u5185\u63a8\u5e7f DCS \u89e3\u51b3\u65b9\u6848\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e0e\u534e\u4e3a\u5efa\u7acb\u6218\u7565\u80fd\u6e90\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002 <\/strong>\u5409\u5b9d\u4f01\u4e1a\u4e0e\u534e\u4e3a\u5408\u4f5c\uff0c\u65e8\u5728\u5171\u540c\u5f00\u53d1\u4e1c\u5357\u4e9a\u5730\u533a\u7684\u592a\u9633\u80fd\u5149\u4f0f\u548c\u7535\u6c60\u50a8\u80fd\u89e3\u51b3\u65b9\u6848\uff0c\u76ee\u6807\u662f\u4e92\u8054\u7535\u7f51\u3001\u6570\u636e\u4e2d\u5fc3\u548c\u5de5\u4e1a\u56ed\u533a\u3002\u901a\u8fc7\u5b9e\u65f6\u7cfb\u7edf\u76d1\u63a7\u548c\u667a\u80fd\u9700\u6c42\u54cd\u5e94\u8ba1\u5212\uff0c\u8be5\u4e3e\u63aa\u53ef\u63d0\u9ad8\u7535\u7f51\u7a33\u5b9a\u6027\u548c\u53ef\u518d\u751f\u80fd\u6e90\u6548\u7387\u3002\u968f\u7740\u4e1c\u5357\u4e9a\u52a0\u901f\u80fd\u6e90\u8f6c\u578b\uff0c\u6b64\u6b21\u5408\u4f5c\u5de9\u56fa\u4e86\u5409\u5b9d\u4f01\u4e1a\u4f5c\u4e3a\u533a\u57df\u667a\u80fd\u3001\u4f4e\u78b3\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u9886\u5bfc\u8005\u7684\u5730\u4f4d\uff0c\u5177\u6709\u957f\u671f\u589e\u957f\u6f5c\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u52a1\u66f4\u65b0\u3002 <\/strong>\u5409\u5b9d\u4f01\u4e1a\u516c\u5e03\uff0c\u5254\u9664\u539f\u6709 O&M \u8d44\u4ea7\uff0c\u516c\u53f8\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f 25%\uff0c\u8fd9\u5f97\u76ca\u4e8e\u57fa\u7840\u8bbe\u65bd\u4e1a\u52a1\u7684\u5f3a\u52b2\u7a33\u5b9a\u8868\u73b0\u3001\u623f\u5730\u4ea7\u4e1a\u52a1\u8d21\u732e\u589e\u52a0\u4ee5\u53ca\u8d44\u4ea7\u7ba1\u7406\u4e1a\u52a1\u7684\u66f4\u4f73\u8868\u73b0\u3002\u5254\u9664\u539f\u6709\u8d44\u4ea7\uff0c\u7ecf\u5e38\u6027\u6536\u5165\u5360\u5409\u5b9d\u4f01\u4e1a 2025 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u51c0\u5229\u6da6\u7684 80% \u4ee5\u4e0a\u3002\u8d44\u4ea7\u7ba1\u7406\u8d39\u4ece 2024 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u7684 8800 \u4e07\u65b0\u5143\u589e\u957f 9% \u81f3 9600 \u4e07\u65b0\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-69054\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-object-with-white-tex-1.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\/06\/a-blue-and-white-rectangular-object-with-white-tex-1.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-object-with-white-tex-1-300x64.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=\"1078\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-on-a-screen-ai-generated-content-may-be-i-1.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-69055\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-on-a-screen-ai-generated-content-may-be-i-1.jpeg 1078w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-on-a-screen-ai-generated-content-may-be-i-1-300x166.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-on-a-screen-ai-generated-content-may-be-i-1-1024x566.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-on-a-screen-ai-generated-content-may-be-i-1-768x425.jpeg 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\" \/><\/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\/06\/a-long-line-of-a-white-background-description-aut-5.png\" class=\"wp-image-69056\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-long-line-of-a-white-background-description-aut-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-long-line-of-a-white-background-description-aut-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>Seatrium Ltd. (STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u5e26\u6765\u7684\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\uff1a2.02\uff0c\u76ee\u6807\u4ef7\uff1a2.18\uff0c\u6b62\u635f\u4ef7\uff1a1.94<\/strong><br>  <\/li>\n\n\n\n<li>Seatrium Ltd \u4e3a\u6d77\u5de5\u3001\u6d77\u4e8b\u548c\u80fd\u6e90\u884c\u4e1a\u63d0\u4f9b\u5de5\u7a0b\u89e3\u51b3\u65b9\u6848\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u94bb\u4e95\u5e73\u53f0\u548c\u6d6e\u5f0f\u751f\u4ea7\u88c5\u7f6e\u3001\u7ef4\u4fee\u548c\u5347\u7ea7\u670d\u52a1\u3001\u6d77\u5de5\u5e73\u53f0\u4ee5\u53ca\u4e13\u4e1a\u9020\u8239\u670d\u52a1\u3002Seatrium \u7684\u5ba2\u6237\u904d\u5e03\u5168\u7403\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5f3a\u52b2\u7684\u8ba2\u5355\u50a8\u5907\u3002 <\/strong>\u622a\u81f33\u670831\u65e5\uff0cSeatrium \u7684\u51c0\u8ba2\u5355\u50a8\u5907\u8fbe\u5230213\u4ebf\u65b0\u5143\uff0c\u6db5\u76d626\u4e2a\u9879\u76ee\uff0c\u4ea4\u4ed8\u671f\u76f4\u81f32031\u5e74\uff0c\u5176\u4e2d71\u4ebf\u65b0\u5143\u4e0e\u53ef\u518d\u751f\u80fd\u6e90\u548c\u7eff\u8272\u89e3\u51b3\u65b9\u6848\u76f8\u5173\u3002\u5c3d\u7ba1\u5168\u7403\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\uff0cSeatrium \u4ecd\u4fdd\u6301\u7740\u7a33\u5b9a\u7684\u6cb9\u6c14\u9879\u76ee\u50a8\u5907\uff0c\u5728\u5357\u7f8e\u548c\u5df4\u897f\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8 (Petrobras) \u7684FPSO\uff08\u6d6e\u5f0f\u751f\u4ea7\u50a8\u5378\u6cb9\u88c5\u7f6e\uff09\u5efa\u9020\u65b9\u9762\u53d6\u5f97\u4e86\u663e\u8457\u8fdb\u5c55\u3002\u516c\u53f8\u8fd8\u5728\u6d77\u5de5\u53ef\u518d\u751f\u80fd\u6e90\u9886\u57df\u8fdb\u884c\u62d3\u5c55\uff0c\u5728\u6b27\u6d32\u3001\u4e9a\u6d32\u548c\u53f0\u6e7e\u5747\u6709\u9879\u76ee\u3002\u5c3d\u7ba1\u7f8e\u56fd\u9762\u4e34\u6311\u6218\uff0c\u6d77\u5de5\u98ce\u7535\u5728\u6b27\u6d32\u548c\u4e9a\u592a\u5730\u533a\u4f9d\u7136\u4fdd\u6301\u5f3a\u52b2\u3002\u516c\u53f8\u9996\u5e2d\u6267\u884c\u5b98\u6307\u51fa\uff0c\u4f9b\u5e94\u94fe\u95ee\u9898\u5fae\u4e4e\u5176\u5fae\uff0c\u5e76\u8868\u793a\u516c\u53f8\u5728\u80fd\u6e90\u8f6c\u578b\u65b9\u9762\u7684\u591a\u5143\u5316\u4f7f\u5176\u5904\u4e8e\u6709\u5229\u5730\u4f4d\u3002Seatrium \u8fd8\u62a5\u544a\u79f0\uff0c\u7b2c\u4e00\u5b63\u5ea6\u5b8c\u6210\u4e8645\u4e2a\u7ef4\u4fee\u548c\u5347\u7ea7\u9879\u76ee\uff0c\u5305\u62ec\u90ae\u8f6e\u6539\u88c5\u548c\u78b3\u6355\u96c6\u5347\u7ea7\u3002\u516c\u53f8\u4e8e2024\u5e74\u6062\u590d\u76c8\u5229\uff0c\u5b9e\u73b0\u51c0\u5229\u6da61.57\u4ebf\u65b0\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6301\u7eed\u7684\u6d77\u5de5\u91cc\u7a0b\u7891\u548c\u6218\u7565\u589e\u957f\u3002<\/strong>Seatrium \u901a\u8fc7\u6210\u529f\u5411BW Offshore\u4ea4\u4ed8\u5176\u7b2c18\u8258FPSO\uff0c\u5373BW Opal\uff0c\u5de9\u56fa\u4e86\u5176\u5728\u6d77\u5de5\u5de5\u7a0b\u9886\u57df\u7684\u9886\u5bfc\u5730\u4f4d\u3002\u8be5\u88c5\u7f6e\u5c06\u670d\u52a1\u4e8e\u6fb3\u5927\u5229\u4e9a\u7684\u5df4\u7f57\u8428\u6c14\u7530\uff0c\u540c\u65f6\u663e\u8457\u51cf\u5c11\u6392\u653e\u3002\u4e3a\u8fdb\u4e00\u6b65\u5de9\u56fa\u5176\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\uff0cSeatrium \u4e0e H\u00f6egh Evi \u7b7e\u8ba2\u4e86\u4e00\u4efdFSRU\uff08\u6d6e\u5f0f\u50a8\u5b58\u518d\u6c14\u5316\u88c5\u7f6e\uff09\u6539\u88c5\u5927\u5408\u540c\uff0c\u6d89\u53caLNG\u8fd0\u8f93\u8239 Hoegh Gandria\uff0c\u8be5\u8239\u8ba1\u5212\u90e8\u7f72\u5728\u57c3\u53ca\u3002\u8fd9\u4e9b\u6210\u5c31\u5f3a\u5316\u4e86 Seatrium \u5728\u80fd\u6e90\u9886\u57df\u4e45\u7ecf\u8003\u9a8c\u7684\u80fd\u529b\u548c\u503c\u5f97\u4fe1\u8d56\u7684\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\uff0c\u63a8\u52a8\u4e86\u5176\u5728\u590d\u6742FPSO\u548cFSRU\u9879\u76ee\u4e0a\u7684\u6301\u7eed\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e1c\u76df-\u6d77\u5408\u4f1a-\u4e2d\u56fd\u5408\u4f5c\u9a71\u52a8\u672a\u6765\u673a\u9047\u3002<\/strong>\u5728\u4e1c\u76df-\u6d77\u5408\u4f1a\u5cf0\u4f1a\u4e0a\uff0c\u65b0\u52a0\u5761\u603b\u7406\u9ec4\u5faa\u8d22\u547c\u5401\u6df1\u5316\u4e1c\u76df\u3001\u6d77\u5408\u4f1a\u548c\u4e2d\u56fd\u4e4b\u95f4\u7684\u7ecf\u6d4e\u3001\u80fd\u6e90\u548c\u6570\u5b57\u5408\u4f5c\uff0c\u5f3a\u8c03\u4e86\u6f5c\u5728\u7684\u8d38\u6613\u548c\u6295\u8d44\u534f\u8bae\uff0c\u5982\u533a\u57df\u95f4\u81ea\u7531\u8d38\u6613\u534f\u5b9a\uff0c\u4ee5\u53ca\u5728\u7eff\u8272\u80fd\u6e90\u548c\u6570\u5b57\u7ecf\u6d4e\u65b9\u9762\u7684\u5408\u4f5c\u3002\u8fd9\u4e9b\u4e3e\u63aa\u6709\u671b\u901a\u8fc7\u5f00\u62d3\u65b0\u5e02\u573a\u548c\u4fc3\u8fdb\u80fd\u6e90\u8f6c\u578b\u9879\u76ee\u3001\u8239\u5382\u8fd0\u8425\u6570\u5b57\u5316\u4ee5\u53ca\u6e05\u6d01\u80fd\u6e90\u57fa\u7840\u8bbe\u65bd\u65b9\u9762\u7684\u673a\u4f1a\uff0c\u4f7f Seatrium \u53d7\u76ca\u2014\u2014\u5c24\u5176\u662f\u5728\u6d77\u5408\u4f1a\u652f\u6301\u4e1c\u76df\u7535\u7f51\u548c\u6570\u5b57\u7ecf\u6d4e\u6846\u67b6\u7684\u60c5\u51b5\u4e0b\u3002\u968f\u7740\u8fd9\u4e9b\u5730\u533a\u5728\u8de8\u5883\u80fd\u6e90\u7535\u7f51\u3001\u57fa\u7840\u8bbe\u65bd\u878d\u8d44\u548c\u6570\u5b57\u6cbb\u7406\u65b9\u9762\u5f00\u5c55\u5408\u4f5c\uff0cSeatrium \u6709\u671b\u5229\u7528\u5176\u5de5\u7a0b\u548c\u6d77\u5de5\u4e13\u4e1a\u77e5\u8bc6\uff0c\u5c24\u5176\u662f\u5728\u6e05\u6d01\u80fd\u6e90\u548c\u6570\u5b57\u89e3\u51b3\u65b9\u6848\u65b9\u9762\uff0c\u4ece\u800c\u6293\u4f4f\u8fd9\u4e9b\u65b0\u5174\u673a\u9047\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2024\u8d22\u5e74\u8425\u6536\u540c\u6bd4\u589e\u957f26.6%\u81f392.3\u4ebf\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u4e3a72.9\u4ebf\u65b0\u5143\u30022024\u8d22\u5e74\u5b9e\u73b0\u51c0\u5229\u6da61.559\u4ebf\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u51c0\u4e8f\u635f20.3\u4ebf\u65b0\u5143\u30022024\u8d22\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4e3a4.61\u65b0\u5143\uff0c\u800c2023\u8d22\u5e74\u6bcf\u80a1\u51c0\u4e8f\u635f\u4e3a64.77\u65b0\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-69057\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-11.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-11.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-11-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"1063\" height=\"575\" class=\"wp-image-69058\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-12.jpeg\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-12.jpeg 1063w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-12-300x162.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-12-1024x554.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-12-768x415.jpeg 768w\" sizes=\"(max-width: 1063px) 100vw, 1063px\" \/> <\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/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\/06\/word-image-69015-13.png\" class=\"wp-image-69059\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-13-300x64.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-69015-_f3bvj0c8rd86\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-14.png\" class=\"wp-image-69060\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-69015-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u79fb\u5361 (9923 HK): \u7a33\u5b9a\u5e01\u4f5c\u4e3a\u8de8\u5883\u652f\u4ed8\u5de5\u5177<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a13.6\uff0c\u76ee\u6807\u4ef7\uff1a15.6\uff0c\u6b62\u635f\u4ef7\uff1a12.6<\/strong><br>  <\/li>\n\n\n\n<li>\u79fb\u5361\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u901a\u8fc7\u5176\u5b50\u516c\u53f8\uff0c\u8be5\u516c\u53f8\u4ece\u4e8b\u4e3a\u96f6\u552e\u5546\u6237\u53ca\u6d88\u8d39\u8005\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u652f\u4ed8\u670d\u52a1\u3001\u5546\u6237\u89e3\u51b3\u65b9\u6848\u53ca\u5230\u5e97\u7535\u5546\u670d\u52a1\u3002\u4e00\u7ad9\u5f0f\u652f\u4ed8\u670d\u52a1\u5c06\u5546\u6237\u8fde\u63a5\u81f3\u6e05\u7b97\u673a\u6784\uff0c\u4e3a\u5546\u6237\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u652f\u4ed8\u670d\u52a1\uff0c\u5e2e\u52a9\u5546\u6237\u63a5\u6536\u5ba2\u6237\u7684\u975e\u73b0\u91d1\u4ed8\u6b3e\u3002\u5546\u5bb6\u89e3\u51b3\u65b9\u6848\u670d\u52a1\u3002\u5546\u5bb6\u89e3\u51b3\u65b9\u6848\u670d\u52a1\u5305\u62ec\u63d0\u4f9b\u5404\u79cd\u7279\u5b9a\u573a\u666f\u529f\u80fd\u4e0e\u652f\u4ed8\u670d\u52a1\u3001\u6570\u636e\u5206\u6790\u670d\u52a1\u76f8\u7ed3\u5408\u7684SaaS\u4ea7\u54c1\uff0c\u6839\u636e\u5ba2\u6237\u9700\u6c42\u5b9a\u5236\u7684\u5177\u6709\u64cd\u4f5c\u7cfb\u7edf\u7684SaaS\u7ec8\u7aef\uff0c\u4ee3\u7406\u670d\u52a1\uff1b\u5728\u7ebf\u8425\u9500\u670d\u52a1\uff0c\u6280\u672f\u670d\u52a1\uff0c\u53ca\u5c0f\u989d\u8d37\u6b3e\u670d\u52a1\u3002\u8be5\u96c6\u56e2\u4ea6\u63d0\u4f9b\u5230\u5e97\u7535\u5546\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>\u9999\u6e2f\u7a33\u5b9a\u5e01\u6709\u671b\u6210\u4e3a\u8de8\u5883\u652f\u4ed8\u89e3\u51b3\u65b9\u6848\u3002<\/strong>\u9999\u6e2f\u8fd1\u671f\u5ba3\u5e03\u5728\u7a33\u5b9a\u5e01\u76d1\u7ba1\u65b9\u9762\u53d6\u5f97\u8fdb\u5c55\uff0c\u65b0\u7acb\u6cd5\u5c06\u4e8e\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u751f\u6548\u3002\u6839\u636e\u5373\u5c06\u51fa\u53f0\u7684\u6cd5\u5f8b\uff0c\u53d1\u884c\u65b9\u5fc5\u987b\u83b7\u5f97\u9999\u6e2f\u91d1\u878d\u7ba1\u7406\u5c40\uff08HKMA\uff09\u7684\u8bb8\u53ef\uff0c\u5e76\u9075\u5b88\u4e25\u683c\u7684\u8981\u6c42\uff0c\u5305\u62ec\u4e0e\u51c6\u5907\u91d1\u8d44\u4ea7\u548c\u8fd0\u8425\u6807\u51c6\u76f8\u5173\u7684\u89c4\u5b9a\u3002\u8fd9\u4e9b\u7a33\u5b9a\u5e01\u6709\u671b\u6210\u4e3a\u8de8\u5883\u652f\u4ed8\u7684\u5173\u952e\u63a8\u52a8\u529b\uff0c\u5c24\u5176\u6709\u5229\u4e8e\u9999\u6e2f\u7684\u53d1\u884c\u65b9\u548c\u5728\u56fd\u9645\u4e0a\u62d3\u5c55\u4e1a\u52a1\u7684\u4e2d\u56fd\u4f01\u4e1a\u3002\u7a33\u5b9a\u5e01\u6709\u6f5c\u529b\u5c06\u7ed3\u7b97\u65f6\u95f4\u4ece\u6570\u5929\u7f29\u77ed\u81f3\u6570\u5206\u949f\uff0c\u65e8\u5728\u89e3\u51b3\u8de8\u5883\u4ea4\u6613\u4e2d\u957f\u671f\u5b58\u5728\u7684\u4f4e\u6548\u7387\u95ee\u9898\uff0c\u4f8b\u5982\u9ad8\u6210\u672c\u3001\u5ef6\u8fdf\u548c\u6709\u9650\u7684\u900f\u660e\u5ea6\u3002\u652f\u4ed8\u57fa\u7840\u8bbe\u65bd\u7684\u8fd9\u79cd\u7ed3\u6784\u6027\u6539\u8fdb\u6709\u671b\u523a\u6fc0\u5bf9\u8de8\u5883\u652f\u4ed8\u670d\u52a1\u7684\u9700\u6c42\uff0c\u4ece\u800c\u76f4\u63a5\u60e0\u53ca\u63d0\u4f9b\u7efc\u5408\u652f\u4ed8\u89e3\u51b3\u65b9\u6848\u3001\u5546\u6237\u670d\u52a1\u548c\u5e97\u5185\u7535\u5b50\u5546\u52a1\u80fd\u529b\u7684\u79fb\u5361\u3002<br>  <\/li>\n\n\n\n<li><strong>\u652f\u4ed8\u724c\u7167\u7684\u62d3\u5c55\u5c06\u52a0\u901f\u5168\u7403\u589e\u957f\u3002<\/strong>\u79fb\u5361\u8fd1\u671f\u5ba3\u5e03\u5df2\u83b7\u5f97\u7f8e\u56fd\u4e9a\u5229\u6851\u90a3\u5dde\u91d1\u878d\u76d1\u7ba1\u673a\u6784\u9881\u53d1\u7684\u6c47\u6b3e\u6267\u7167\uff08MTL\uff09\u3002\u6b64\u524d\uff0c\u516c\u53f8\u5df2\u83b7\u5f97\u8d27\u5e01\u670d\u52a1\u4f01\u4e1a\uff08MSB\uff09\u724c\u7167\uff0c\u8fd9\u6807\u5fd7\u7740\u516c\u53f8\u56fd\u9645\u6269\u5f20\u6218\u7565\u7684\u53c8\u4e00\u4e2a\u91cd\u8981\u91cc\u7a0b\u7891\u3002\u901a\u8fc7\u83b7\u5f97\u8fd9\u4e24\u9879\u724c\u7167\uff0c\u79fb\u5361\u76ee\u524d\u5df2\u5177\u5907\u5728\u7f8e\u56fd\u63d0\u4f9b\u5b89\u5168\u3001\u5408\u89c4\u548c\u9ad8\u6548\u652f\u4ed8\u670d\u52a1\u7684\u8d44\u8d28\uff0c\u8fd9\u5c06\u652f\u6301\u5176\u62d3\u5c55\u6d77\u5916\u5e02\u573a\u7684\u66f4\u5e7f\u6cdb\u76ee\u6807\u3002<br>  <\/li>\n\n\n\n<li><strong>\u878d\u8d44\u52a9\u529b\u6218\u7565\u4e3e\u63aa\u3002<\/strong>\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u79fb\u5361\u6210\u529f\u7b79\u96c6\u4e862500\u4e07\u7f8e\u5143\u80a1\u672c\u3002\u5176\u4e2d\u7ea640%\u7684\u8d44\u91d1\u5c06\u7528\u4e8e\u62d3\u5c55\u516c\u53f8\u5728\u4e9a\u6d32\u7684\u4e1a\u52a1\uff0c\u53e6\u670940%\u5c06\u6295\u8d44\u4e8e\u7814\u53d1\u2014\u2014\u7279\u522b\u662f\u5728\u5176\u4e13\u6709\u5e73\u53f0\u4e2d\u6574\u5408\u4eba\u5de5\u667a\u80fd\u3002\u8fd9\u4e9b\u6295\u8d44\u6709\u671b\u63d0\u5347\u79fb\u5361\u7684\u6570\u5b57\u751f\u6001\u7cfb\u7edf\u5e76\u652f\u6301\u957f\u671f\u589e\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2025\u8d22\u5e74\u6536\u5165\u540c\u6bd4\u4e0b\u964d21.9%\u81f3\u4eba\u6c11\u5e0130.9\u4ebf\u5143\uff0c\u800c2024\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e0139.5\u4ebf\u5143\u30022025\u8d22\u5e74\u51c0\u5229\u6da6\u589e\u81f3\u4eba\u6c11\u5e017300\u4e07\u5143\uff0c\u800c2024\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e011010\u4e07\u5143\u30022025\u8d22\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u589e\u81f3\u4eba\u6c11\u5e010.22\u5143\uff0c\u800c2024\u8d22\u5e74\u4e3a\u4eba\u6c11\u5e010.03\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-69061\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-15-300x64.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=\"1078\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-16.jpeg\" alt=\"\" class=\"wp-image-69062\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-16.jpeg 1078w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-16-300x166.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-16-1024x566.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-16-768x425.jpeg 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\" \/><\/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\/06\/word-image-69015-17.png\" class=\"wp-image-69063\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u767e\u4e50\u96c6\u56e2\u6709\u9650\u516c\u53f8 (325 HK)\uff1a\u201c\u5e73\u4ef7\u201d\u7597\u6108\u65b9\u5f0f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a157\uff0c\u76ee\u6807\u4ef7\uff1a179\uff0c\u6b62\u635f\u4ef7\uff1a146<\/strong><br>  <\/li>\n\n\n\n<li>\u767e\u4e50\u96c6\u56e2\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u62fc\u88c5\u73a9\u5177\u8bbe\u8ba1\u3001\u5f00\u53d1\u548c\u9500\u552e\u7684\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u516c\u53f8\u7684\u4e3b\u8981\u4ea7\u54c1\u5305\u62ec\u62fc\u88c5\u89d2\u8272\u73a9\u5177\u548c\u79ef\u6728\u7c7b\u73a9\u5177\u3002\u516c\u53f8\u81ea\u4e3b\u5f00\u53d1\u7684\u77e5\u8bc6\u4ea7\u6743 (IP) \u5305\u62ec\u201c\u9b54\u529b\u79ef\u6728\u201d\u548c\u201c\u82f1\u96c4\u65e0\u9650\u201d\uff0c\u6388\u6743IP\u5305\u62ec\u5965\u7279\u66fc\u3001\u53d8\u5f62\u91d1\u521a\u3001\u706b\u5f71\u5fcd\u8005\u3001\u6f2b\u5a01\u65e0\u9650\u4f20\u5947\u3001\u6f2b\u5a01\u5c0f\u8718\u86db\u4fa0\u3001\u795e\u5077\u5976\u7238\u3001\u5c0f\u7cbe\u7075\u7b49\u3002\u516c\u53f8\u4e3b\u8981\u5728\u56fd\u5185\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e2d\u56fd\u201c\u7269\u8d28\u7ecf\u6d4e\u201d\u7684\u5d1b\u8d77\u3002<\/strong>\u767e\u4e50\u96c6\u56e2\u987a\u5e94\u4e2d\u56fd\u201c\u7269\u8d28\u7ecf\u6d4e\u201d (Guzi Economy) \u7684\u589e\u957f\u8d8b\u52bf\uff0c\u53d7\u5230Z\u4e16\u4ee3\u548c\u5343\u79a7\u4e00\u4ee3\u4ee5\u60c5\u611f\u548c\u8eab\u4efd\u9a71\u52a8\u7684\u6d88\u8d39\u4e60\u60ef\u63a8\u52a8\u3002\u6d88\u8d39\u8005\u5bf9ACGNC\uff08\u52a8\u6f2b\u3001\u6f2b\u753b\u3001\u6e38\u620f\u3001\u5c0f\u8bf4\u3001\u89d2\u8272\u626e\u6f14\uff09\u4e3b\u9898\u6536\u85cf\u54c1\uff08\u5982\u76f2\u76d2\uff09\u7684\u9700\u6c42\u6fc0\u589e\uff0c\u5e74\u8f7b\u6d88\u8d39\u8005\u8d8a\u6765\u8d8a\u5c06\u8fd9\u4e9b\u5546\u54c1\u89c6\u4e3a\u81ea\u6211\u8868\u8fbe\u548c\u751f\u6d3b\u65b9\u5f0f\u7684\u8c61\u5f81\u3002\u901a\u8fc7\u5c06\u4ea7\u54c1\u5f00\u53d1\u548c\u54c1\u724c\u63a8\u5e7f\u4e0e\u6587\u5316\u8d8b\u52bf\u76f8\u7ed3\u5408\uff0c\u4ee5\u53ca\u8fdb\u4e00\u6b65\u6295\u8d44\u7814\u53d1\uff0c\u767e\u4e50\u96c6\u56e2\u6709\u671b\u5728\u56fd\u5185\u548c\u5168\u7403\u7684\u4e07\u4ebf\u89c4\u6a21\u884c\u4e1a\u4e2d\u4e0e\u6ce1\u6ce1\u739b\u7279\u7b49\u540c\u884c\u5171\u540c\u6210\u957f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u53ef\u6269\u5c55\u7684SKU\u589e\u957f\u7b56\u7565\u3002<\/strong>\u767e\u4e50\u96c6\u56e22024\u8d22\u5e74\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f155.6%\uff0c\u4ece2023\u8d22\u5e74\u76848.767\u4ebf\u4eba\u6c11\u5e01\u589e\u81f322.409\u4ebf\u4eba\u6c11\u5e01\uff0c\u5f97\u76ca\u4e8e\u5f3a\u5927\u7684IP\u7ec4\u5408\u548cSKU\uff08\u5e93\u5b58\u5355\u4f4d\uff09\u6269\u5c55\u3002\u516c\u53f8\u62e5\u6709\u8d85\u8fc750\u4e2a\u6388\u6743IP\uff0c\u5e76\u8ba1\u5212\u57282025\u5e74\u63a8\u51fa800\u4e2a\u65b0SKU\u3002\u5176\u6218\u7565\u91cd\u70b9\u662f\u6269\u5927\u53d7\u4f17\u7fa4\u4f53\uff0c\u4ece\u513f\u7ae5\u5230\u6210\u5e74\u6536\u85cf\u5bb6\uff0c\u540c\u65f6\u901a\u8fc7\u5168\u6e20\u9053\u5206\u9500\u6a21\u5f0f\u548c\u5185\u5bb9\u9a71\u52a8\u8425\u9500\u6269\u5927\u56fd\u9645\u5f71\u54cd\u529b\u3002\u767e\u4e50\u96c6\u56e2\u5c06\u7ee7\u7eed\u63d0\u5347\u7814\u53d1\u548c\u5236\u9020\u80fd\u529b\uff0c\u4ee5\u63d0\u4f9b\u9ad8\u8d28\u91cf\u3001\u6587\u5316\u5951\u5408\u4e14\u4ef7\u683c\u5177\u6709\u7ade\u4e89\u529b\u7684\u62fc\u88c5\u89d2\u8272\u73a9\u5177\uff0c\u5438\u5f15\u4e0d\u540c\u5e74\u9f84\u548c\u5730\u533a\u7684\u6d88\u8d39\u8005\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f155.6%\uff0c\u4ece2023\u8d22\u5e74\u76848.767\u4ebf\u4eba\u6c11\u5e01\u589e\u81f32024\u8d22\u5e74\u768422.409\u4ebf\u4eba\u6c11\u5e01\u3002\u6bdb\u5229\u6da6\u4ece2023\u8d22\u5e74\u76844.149\u4ebf\u4eba\u6c11\u5e01\u589e\u957f184.1%\uff0c\u8fbe\u523011.788\u4ebf\u4eba\u6c11\u5e01\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u62fc\u88c5\u89d2\u8272\u73a9\u5177\u9500\u552e\u6bdb\u5229\u6da6212.5%\u7684\u589e\u957f\uff0c\u4f46\u90e8\u5206\u88ab\u79ef\u6728\u7c7b\u73a9\u5177\u9500\u552e\u6bdb\u5229\u6da6\u4e0b\u964d64.6%\u6240\u62b5\u6d88\u30022024\u8d22\u5e74\u51c0\u4e8f\u635f\u4e3a3.98\u4ebf\u4eba\u6c11\u5e01\uff0c\u540c\u6bd4\u589e\u52a091.8%\uff0c2023\u8d22\u5e74\u51c0\u4e8f\u635f\u4e3a2.075\u4ebf\u4eba\u6c11\u5e01\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-69064\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-18.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-18.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-18-300x64.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=\"1078\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-19.jpeg\" alt=\"\" class=\"wp-image-69065\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-19.jpeg 1078w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-19-300x166.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-19-1024x566.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-19-768x425.jpeg 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\" \/><\/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\/06\/word-image-69015-20.png\" alt=\"\" class=\"wp-image-69066\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-20-300x64.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-69015-_6xzuwbi3dcr\"><\/a><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"105\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-21.png\" class=\"wp-image-69067\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-21.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-21-300x38.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-21-768x98.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Robinhood Markets, Inc. (HOOD US)\uff1a\u52a0\u5bc6\u8d27\u5e01\u548c\u5e02\u573a\u6ce2\u52a8\u63a8\u52a8\u4ea4\u6613\u91cf\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a70 \u76ee\u6807\u4ef7\uff1a80 \u6b62\u635f\u4ef7\uff1a65<\/strong><br>  <\/li>\n\n\n\n<li>Robinhood\u662f\u4e00\u5bb6\u7f8e\u570b\u91d1\u878d\u79d1\u6280\u516c\u53f8\uff0c\u6210\u7acb\u65bc2013\u5e74\uff0c\u7e3d\u90e8\u4f4d\u65bc\u52a0\u5dde\u7684\u9580\u6d1b\u5e15\u514b\u3002\u8a72\u516c\u53f8\u4ee5\u5176\u7121\u4f63\u91d1\u7684\u80a1\u7968\u4ea4\u6613\u5e73\u53f0\u800c\u805e\u540d\uff0c\u65e8\u5728\u901a\u904e\u7c21\u5316\u6295\u8cc7\u6d41\u7a0b\u4f86\u4fc3\u9032\u500b\u4eba\u6295\u8cc7\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6269\u5927\u52a0\u5bc6\u8d27\u5e01\u4e1a\u52a1\u3002<\/strong>Robinhood\u6700\u8fd1\u5ba3\u5e03\u4ee52.5\u4ebf\u52a0\u5143\uff08\u7ea61.78\u4ebf\u7f8e\u5143\uff09\u73b0\u91d1\u6536\u8d2d\u52a0\u62ff\u5927\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8 WonderFi\uff0c\u8fdb\u4e00\u6b65\u5f3a\u5316\u5176\u52a0\u5bc6\u4e1a\u52a1\u3002 WonderFi\u62e5\u6709\u52a0\u62ff\u5927\u4e24\u5927\u53d7\u76d1\u7ba1\u7684\u52a0\u5bc6\u5e73\u53f0\u2014Bitbuy\u548cCoinsquare\uff0c\u8fd9\u5c06\u6574\u5408\u8fdbRobinhood Crypto\uff0c\u6269\u5c55\u8be5\u516c\u53f8\u5728\u52a0\u62ff\u5927\u7684\u5f71\u54cd\u529b\u3002 WonderFi\u57282024\u8d22\u5e74\u62a5\u544a\u7684\u4ea4\u6613\u91cf\u8d85\u8fc735.7\u4ebf\u52a0\u5143\uff0c\u540c\u6bd4\u589e\u957f28%\uff0c\u7528\u6237\u6570\u7ea6\u4e3a160\u4e07\u3002\u6b64\u6b21\u6536\u8d2d\u9884\u8ba1\u57282025\u5e74\u4e0b\u534a\u5e74\u5b8c\u6210\uff0c\u8fd9\u662f\u5728Robinhood\u57282024\u5e74\u6536\u8d2d Bitstamp\u4e4b\u540e\uff0c\u663e\u793a\u51fa\u5176\u6210\u4e3a\u5168\u7403\u52a0\u5bc6\u5e02\u573a\u5173\u952e\u4f01\u4e1a\u7684\u96c4\u5fc3\u3002\u968f\u7740\u7f8e\u56fd\u9996\u4e2aXRP\u671f\u8d27ETF\u7684\u63a8\u51fa\uff0cRobinhood\u6b63\u5728\u4e3a\u6355\u6349\u66f4\u591a\u5e02\u573a\u4efd\u989d\u505a\u597d\u51c6\u5907\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u6ce2\u52a8\u4fc3\u8fdb\u4ea4\u6613\u91cf\u589e\u52a0\u3002<\/strong>Robinhood\u62a5\u544a\u7b2c\u4e00\u5b63\u5ea6\u80a1\u7968\u4ea4\u6613\u91cf\u540c\u6bd4\u6fc0\u589e84%\uff0c\u800c\u671f\u6743\u4ea4\u6613\u91cf\u521b\u4e0b\u65b0\u9ad8\uff0c\u8fdb\u4e00\u6b65\u4fc3\u8fdb\u4e86\u4e1a\u7ee9\u589e\u957f\u3002\u5229\u606f\u6536\u5165\u8d44\u4ea7\u548c\u8bc1\u5238\u501f\u8d37\u6d3b\u52a8\u4e5f\u6709\u6240\u6269\u5c55\uff0c\u62b5\u6d88\u4e86\u77ed\u671f\u5229\u7387\u7684\u5f71\u54cd\uff0c\u540c\u65f6Robinhood Gold\u8ba2\u9605\u8fbe\u5230\u65b0\u9ad8\u3002\u5728\u5f53\u524d\u5e02\u573a\u6ce2\u52a8\u4e0b\uff0c\u96f6\u552e\u6295\u8d44\u8005\u5927\u91cf\u56de\u5f52\uff0c\u63a8\u52a8\u4ea4\u6613\u91cf\u4e0a\u5347\uff0c\u8fdb\u4e00\u6b65\u63d0\u9ad8\u4e86\u6536\u5165\u3002\u77ed\u671f\u5185\uff0c\u6301\u7eed\u7684\u5e02\u573a\u52a8\u8361\u9884\u8ba1\u5c06\u7ee7\u7eed\u5438\u5f15\u96f6\u552e\u53c2\u4e0e\uff0c\u8fdb\u4e00\u6b65\u63a8\u52a8 Robinhood \u7684\u6536\u5165\u589e\u957f\u5e76\u589e\u5f3a\u5176\u77ed\u671f\u4e0a\u884c\u6f5c\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u8d85\u9810\u671f\u3002<\/strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\u540c\u6bd4\u589e\u52a050%\u81f39.27\u4ebf\u7f8e\u5143\uff0c\u8d85\u9884\u671f984\u4e07\u7f8e\u5143\u3002 GAAP\u6bcf\u80a1\u76c8\u5229\u4e3a0.37\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.04\u7f8e\u5143\u3002\u57fa\u4e8e\u4ea4\u6613\u6536\u5165\u540c\u6bd4\u589e\u957f77%\u81f35.83\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u8d21\u732e\u6765\u81ea\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\uff082.52\u4ebf\u7f8e\u5143\uff09\u3002\u5e73\u5747\u6bcf\u7528\u6237\u6536\u5165\u540c\u6bd4\u589e\u957f39%\u81f3145\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\/06\/a-blue-and-white-rectangular-box-with-numbers-ai-1-5.png\" alt=\"A blue and white rectangular box with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-69068\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-box-with-numbers-ai-1-5.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-box-with-numbers-ai-1-5-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1063\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-10.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-69069\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-10.jpeg 1063w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-10-300x162.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-10-1024x554.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-10-768x415.jpeg 768w\" sizes=\"(max-width: 1063px) 100vw, 1063px\" \/><\/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\/06\/a-long-line-of-a-flag-description-automatically-g-5.png\" class=\"wp-image-69070\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-long-line-of-a-flag-description-automatically-g-5.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-long-line-of-a-flag-description-automatically-g-5-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-long-line-of-a-flag-description-automatically-g-5-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><strong> <\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u5fb7\u610f\u5fd7\u94f6\u884c (DB US): \u91cd\u65b0\u805a\u7126\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a27.0 \u76ee\u6807\u4ef7\uff1a30.0 \u6b62\u635f\u4ef7\uff1a25.5<\/strong><br>  <\/li>\n\n\n\n<li>\u5fb7\u610f\u5fd7\u94f6\u884c\u80a1\u4efd\u516c\u53f8\u662f\u4e00\u5bb6\u5168\u7403\u91d1\u878d\u670d\u52a1\u63d0\u4f9b\u5546\uff0c\u63d0\u4f9b\u5546\u4e1a\u94f6\u884c\u3001\u6295\u8d44\u94f6\u884c\u3001\u79c1\u4eba\u94f6\u884c\u548c\u96f6\u552e\u94f6\u884c\u670d\u52a1\u3002\u8be5\u94f6\u884c\u63d0\u4f9b\u7684\u4e1a\u52a1\u5305\u62ec\u503a\u52a1\u3001\u5916\u6c47\u3001\u884d\u751f\u54c1\u3001\u5927\u5b97\u5546\u54c1\u3001\u8d27\u5e01\u5e02\u573a\u3001\u56de\u8d2d\u548c\u8bc1\u5238\u5316\u3001\u73b0\u91d1\u80a1\u7968\u3001\u7814\u7a76\u3001\u80a1\u7968\u4e3b\u8981\u670d\u52a1\u3001\u8d37\u6b3e\u3001\u53ef\u8f6c\u6362\u8bc1\u5238\u3001\u5e76\u8d2d\u548c\u9996\u6b21\u516c\u5f00\u52df\u80a1\u54a8\u8be2\u3001\u8d38\u6613\u878d\u8d44\u3001\u96f6\u552e\u94f6\u884c\u3001\u8d44\u4ea7\u7ba1\u7406\u548c\u516c\u53f8\u6295\u8d44\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e94\u5bf9\u5229\u7387\u4e0b\u884c\u3002<\/strong>\u968f\u7740\u6b27\u5143\u533a\u901a\u80c0\u5728 5 \u6708\u4efd\u653e\u7f13\u81f3 1.9%\uff0c\u7565\u4f4e\u4e8e\u6b27\u6d32\u592e\u884c (ECB) 2% \u7684\u76ee\u6807\uff0c\u6b27\u6d32\u592e\u884c\u542f\u52a8\u4e86\u964d\u606f\uff0c\u5c06\u5176\u5b58\u6b3e\u4fbf\u5229\u5229\u7387\u4e0b\u8c03 25 \u4e2a\u57fa\u70b9\u81f3 2%\u3002\u5728\u6b27\u6d32\u5229\u7387\u6301\u7eed\u8d70\u4f4e\u7684\u60c5\u51b5\u4e0b\uff0c\u5fb7\u610f\u5fd7\u94f6\u884c\u901a\u8fc7\u589e\u52a0\u57fa\u4e8e\u8d39\u7528\u7684\u6536\u5165\u6765\u6e90\uff0c\u5c55\u793a\u4e86\u5176\u9002\u5e94\u80fd\u529b\u3002\u8fd9\u4f53\u73b0\u5728\u5176\u5f3a\u52b2\u7684\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u4e2d\uff0c\u5305\u62ec\u56fa\u5b9a\u6536\u76ca\u548c\u8d27\u5e01\u6536\u5165\u7684\u5f3a\u52b2\u8868\u73b0\uff0c\u4ee5\u53ca\u8fc7\u53bb\u4e00\u5e74\u5176\u79c1\u4eba\u94f6\u884c\u548c\u8d44\u4ea7\u7ba1\u7406\u90e8\u95e8\u7ba1\u7406\u8d44\u4ea7\u589e\u52a0\u4e86 950 \u4ebf\u6b27\u5143\u3002\u5fb7\u610f\u5fd7\u94f6\u884c\u5728\u4f4e\u5229\u6da6\u7387\u73af\u5883\u4e0b\uff0c\u6218\u7565\u6027\u5730\u8f6c\u5411\u591a\u5143\u5316\u548c\u53ef\u6301\u7eed\u7684\u6536\u5165\u589e\u957f\u6a21\u5f0f\uff0c\u4fdd\u6301\u4e86\u97e7\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e0e\u4e07\u4e8b\u8fbe\u5361\u5408\u4f5c\u5e76\u805a\u7126\u5f00\u653e\u94f6\u884c\u3002<\/strong>\u5fb7\u610f\u5fd7\u94f6\u884c\u4e0e\u4e07\u4e8b\u8fbe\u5361\u7684\u6218\u7565\u5408\u4f5c\u5229\u7528\u5f00\u653e\u94f6\u884c\u548c\u8d26\u6237\u5230\u8d26\u6237 (A2A) \u652f\u4ed8\uff0c\u4ee5\u589e\u5f3a\u5176\u201c\u652f\u4ed8\u8bf7\u6c42\u201d(R2P) \u670d\u52a1\u3002\u6b64\u6b21\u5408\u4f5c\u5f15\u5165\u4e86\u5546\u5bb6\u53ef\u9009\u62e9\u7684\u5b9e\u65f6\u3001\u76f4\u63a5\u4ece\u8d26\u6237\u6263\u6b3e\u7684\u652f\u4ed8\u65b9\u5f0f\uff0c\u63d0\u9ad8\u4e86\u4ea4\u6613\u900f\u660e\u5ea6\u3001\u5bf9\u8d26\u6548\u7387\u548c\u6210\u672c\u6548\u76ca\u3002\u6b64\u4e3e\u7b26\u5408\u5bf9\u7075\u6d3b\u3001\u5b89\u5168\u6570\u5b57\u652f\u4ed8\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\uff0c\u4f7f\u5fb7\u610f\u5fd7\u94f6\u884c\u5904\u4e8e\u6b27\u6d32\u652f\u4ed8\u73b0\u4ee3\u5316\u524d\u6cbf\u3002\u968f\u7740 A2A \u548c\u5f00\u653e\u94f6\u884c\u7684\u666e\u53ca\u52a0\u901f\uff0c\u8be5\u5408\u4f5c\u53ef\u80fd\u6210\u4e3a\u5fb7\u610f\u5fd7\u94f6\u884c\u957f\u671f\u6570\u5b57\u57fa\u7840\u8bbe\u65bd\u6218\u7565\u7684\u57fa\u77f3\u3002\u5fb7\u610f\u5fd7\u94f6\u884c\u4e0e\u4e07\u4e8b\u8fbe\u5361\u7684\u6218\u7565\u5408\u4f5c\u52a0\u5f3a\u4e86\u5176\u5728\u6b27\u6d32\u4e0d\u65ad\u53d1\u5c55\u7684\u652f\u4ed8\u751f\u6001\u7cfb\u7edf\u4e2d\u7684\u5730\u4f4d\uff0c\u5e76\u5de9\u56fa\u4e86\u5176\u5411\u53ef\u6269\u5c55\u3001\u6570\u5b57\u4f18\u5148\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u7684\u63a8\u8fdb\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f 10% \u81f3 85 \u4ebf\u6b27\u5143\u3002\u7a0e\u524d\u5229\u6da6\u548c\u51c0\u5229\u6da6\u5747\u540c\u6bd4\u589e\u957f 39%\uff0c\u5206\u522b\u8fbe\u5230 28 \u4ebf\u6b27\u5143\u548c 20 \u4ebf\u6b27\u5143\u3002\u5176\u79c1\u4eba\u94f6\u884c\u548c\u8d44\u4ea7\u7ba1\u7406\u4e1a\u52a1\u4e5f\u5b9e\u73b0\u4e86 260 \u4ebf\u6b27\u5143\u7684\u51c0\u6d41\u5165\u3002\u5fb7\u610f\u5fd7\u94f6\u884c\u9884\u8ba1 2025 \u8d22\u5e74\u6536\u5165\u7ea6\u4e3a 320 \u4ebf\u6b27\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\/06\/a-blue-and-white-rectangular-box-with-white-text-5.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-69071\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-box-with-white-text-5.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-blue-and-white-rectangular-box-with-white-text-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=\"1078\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-11.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-69072\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-11.jpeg 1078w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-11-300x166.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-11-1024x566.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-graph-showing-a-stock-market-ai-generated-conte-11-768x425.jpeg 768w\" sizes=\"(max-width: 1078px) 100vw, 1078px\" \/><\/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<a id=\"post-69015-_Hlt181111973\"><\/a><a id=\"post-69015-_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-69015-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-27.png\" class=\"wp-image-69073\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-27.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-27-300x64.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\/06\/word-image-69015-28.png\" alt=\"\" class=\"wp-image-69074\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-28.png 618w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/word-image-69015-28-300x62.png 300w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take profit on Food Empire Holdings Ltd (FEH SP) at S$1.88. Cut loss on ISOTeam Ltd (ISO SP) at S$0.071.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"511\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-screen-ai-generated-co-8.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-69075\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-screen-ai-generated-co-8.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-screen-ai-generated-co-8-300x163.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/a-screenshot-of-a-computer-screen-ai-generated-co-8-768x416.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 \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 (Source: Bloomberg) Seatrium Ltd. (STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u5e26\u6765\u7684\u589e\u957f (Source: Bloomberg) \u79fb\u5361 (9923 HK): \u7a33\u5b9a\u5e01\u4f5c\u4e3a\u8de8\u5883\u652f\u4ed8\u5de5\u5177 (Source: Bloomberg) \u767e\u4e50\u96c6\u56e2\u6709\u9650\u516c\u53f8 (325 HK)\uff1a\u201c\u5e73\u4ef7\u201d\u7597\u6108\u65b9\u5f0f (Source: Bloomberg) Robinhood Markets, Inc. (HOOD US)\uff1a\u52a0\u5bc6\u8d27\u5e01\u548c\u5e02\u573a\u6ce2\u52a8\u63a8\u52a8\u4ea4\u6613\u91cf\u589e\u957f (Source: Bloomberg) \u5fb7\u610f\u5fd7\u94f6\u884c (DB US): \u91cd\u65b0\u805a\u7126\u589e\u957f (Source: Bloomberg) ^ Back To Top [&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-69015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2-150x150.png?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2-300x177.png?wsr",300,177,true],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/01\/2.png?wsr",652,385,false]},"uagb_author_info":{"display_name":"Jiong Han Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 (Source: Bloomberg) Seatrium Ltd. (STM SP)\uff1a\u8de8\u5883\u5408\u4f5c\u5e26\u6765\u7684\u589e\u957f (Source: Bloomberg) \u79fb\u5361 (9923 HK): \u7a33\u5b9a\u5e01\u4f5c\u4e3a\u8de8\u5883\u652f\u4ed8\u5de5\u5177 (Source: Bloomberg) \u767e\u4e50\u96c6\u56e2\u6709\u9650\u516c\u53f8 (325 HK)\uff1a\u201c\u5e73\u4ef7\u201d\u7597\u6108\u65b9\u5f0f (Source: Bloomberg) Robinhood Markets, Inc. (HOOD US)\uff1a\u52a0\u5bc6\u8d27\u5e01\u548c\u5e02\u573a\u6ce2\u52a8\u63a8\u52a8\u4ea4\u6613\u91cf\u589e\u957f (Source: Bloomberg) \u5fb7\u610f\u5fd7\u94f6\u884c (DB US): \u91cd\u65b0\u805a\u7126\u589e\u957f (Source: Bloomberg) ^ Back To Top&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/69015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=69015"}],"version-history":[{"count":2,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/69015\/revisions"}],"predecessor-version":[{"id":69113,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/69015\/revisions\/69113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/38071"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=69015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=69015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=69015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}