{"id":70949,"date":"2025-07-01T18:02:56","date_gmt":"2025-07-01T10:02:56","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=70949"},"modified":"2025-07-02T10:29:49","modified_gmt":"2025-07-02T02:29:49","slug":"kgi-daily-trading-ideas-02-jul-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-02-jul-2025-zh\/","title":{"rendered":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e747\u67082\u65e5:"},"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 size-full\" id=\"sp\"><img fetchpriority=\"high\" decoding=\"async\" width=\"940\" height=\"200\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-28.png\" alt=\"\" class=\"wp-image-69977\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-28.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-28-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/image-28-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-70949-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"941\" height=\"457\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-3.png\" alt=\"\" class=\"wp-image-71046\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-3.png 941w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-3-300x146.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-3-768x373.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=\"240\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-4.png\" alt=\"\" class=\"wp-image-71047\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-4.png 939w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-4-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-4-768x196.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=\"939\" height=\"290\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-5.png\" alt=\"\" class=\"wp-image-71048\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-5.png 939w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-5-300x93.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/image-5-768x237.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\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-4.png\" alt=\"\" class=\"wp-image-70985\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-4-300x64.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-70949-_qqv3rtx8nazp\"><\/a><a id=\"post-70949-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1537\" height=\"727\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-ai-generated-content-m-3.png\" alt=\"A screenshot of a computer\n\nAI-generated content may be incorrect.\" class=\"wp-image-70986\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-ai-generated-content-m-3.png 1537w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-ai-generated-content-m-3-300x142.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-ai-generated-content-m-3-1024x484.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-ai-generated-content-m-3-768x363.png 768w\" sizes=\"(max-width: 1537px) 100vw, 1537px\" \/><\/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\/07\/word-image-70949-6.png\" alt=\"\" class=\"wp-image-70987\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-6-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sg\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" class=\"wp-image-70988\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-7.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>\u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765<\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a7.4\uff0c\u76ee\u6807\u4ef7\uff1a8.0\uff0c\u6b62\u635f\u4ef7\uff1a7.1<\/strong><\/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<\/li>\n\n\n\n<li><strong>\u65b0\u7684\u4e94\u5e74\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002<\/strong>\u51ef\u5b9d\u4e0e\u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u94f6\u884c\uff08AIIB\uff09\u5efa\u7acb\u5408\u4f5c\uff0c\u52a8\u5458\u9ad8\u8fbe15\u4ebf\u7f8e\u5143\u7528\u4e8e\u4e9a\u592a\u5730\u533a\u7684\u53ef\u6301\u7eed\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u589e\u5f3a\u4e86\u5176\u4f5c\u4e3a\u8be5\u5730\u533a\u9886\u5148\u8d44\u4ea7\u7ba1\u7406\u8005\u7684\u5730\u4f4d\u3002\u8fd9\u9879\u4e3a\u671f\u4e94\u5e74\u7684\u5408\u4f5c\u5c06\u91cd\u70b9\u5173\u6ce8\u7eff\u8272\u3001\u6280\u672f\u9a71\u52a8\u548c\u8fde\u63a5\u6027\u57fa\u7840\u8bbe\u65bd\uff0c\u5305\u62ec\u53ef\u518d\u751f\u80fd\u6e90\u3001\u57ce\u5e02\u670d\u52a1\u548c\u7535\u529b\u4f20\u8f93\u3002\u8fd9\u4e0e\u51ef\u5b9d\u7684\u6218\u7565\u76f8\u4e00\u81f4\uff0c\u65e8\u5728\u5229\u7528\u4e9a\u6d32\u5feb\u901f\u57ce\u5e02\u5316\u3001\u6570\u5b57\u5316\u548c\u80fd\u6e90\u8f6c\u578b\u7684\u673a\u9047\u3002\u901a\u8fc7\u5229\u7528AIIB\u7684\u8d22\u52a1\u5b9e\u529b\u548c\u51ef\u5b9d\u7684\u8fd0\u8425\u4e13\u957f\uff0c\u9884\u8ba1\u8be5\u5408\u4f5c\u5c06\u63a8\u52a8\u51ef\u5b9d\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u7ec4\u5408\u7684\u957f\u671f\u589e\u957f\u3002<\/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<\/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<\/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<\/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-70989\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-8.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-8.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-8-300x64.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=\"1085\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-9.jpeg\" alt=\"\" class=\"wp-image-70990\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-9.jpeg 1085w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-9-300x159.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-9-1024x543.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-9-768x407.jpeg 768w\" sizes=\"(max-width: 1085px) 100vw, 1085px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/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\" class=\"wp-image-70991\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-white-background-description-aut-1.png\" alt=\"A long line of a white background\n\nDescription automatically generated with medium confidence\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-white-background-description-aut-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-white-background-description-aut-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong><strong>\u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b<\/strong><\/strong><\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a14.6\uff0c\u76ee\u6807\u4ef7\uff1a16.0\uff0c\u6b62\u635f\u4ef7\uff1a13.9<\/strong><\/li>\n\n\n\n<li>\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u62e5\u6709\u5e76\u8fd0\u8425\u65b0\u52a0\u5761\u7684\u8bc1\u5238\u548c\u884d\u751f\u54c1\u4ea4\u6613\u6240\u53ca\u5176\u76f8\u5173\u6e05\u7b97\u6240\u3002\u8be5\u516c\u53f8\u8fd8\u4e3a\u91d1\u878d\u884c\u4e1a\u7684\u53c2\u4e0e\u8005\u63d0\u4f9b\u8f85\u52a9\u8bc1\u5238\u5904\u7406\u548c\u4fe1\u606f\u6280\u672f\u670d\u52a1\u3002<\/li>\n\n\n\n<li><strong>\u6b63\u5728\u589e\u957f\u7684SDR\u5e02\u573a\u3002<\/strong>\u65b0\u52a0\u5761\u4ea4\u6613\u6240\uff08SGX\uff09\u5728\u5176\u65b0\u52a0\u5761\u5b58\u6258\u51ed\u8bc1\uff08SDR\uff09\u5e73\u53f0\u4e0a\u5b9e\u73b0\u4e86\u5f3a\u52b2\u589e\u957f\uff0c\u8be5\u5e73\u53f0\u901a\u8fc7\u5141\u8bb8\u672c\u5730\u6295\u8d44\u8005\u4ee5\u65b0\u52a0\u5761\u5143\u4ea4\u6613\u5916\u56fd\u4e0a\u5e02\u7684\u84dd\u7b79\u80a1\uff0c\u7b80\u5316\u4e86\u5bf9\u8fd9\u4e9b\u80a1\u7968\u7684\u8bbf\u95ee\u30026\u670823\u65e5\u65b0\u589e\u4e86\u516d\u4e2aSDR\uff0c\u5176\u4e2d\u4e09\u4e2a\u6765\u81ea\u9999\u6e2f\uff0c\u4e09\u4e2a\u6765\u81ea\u6cf0\u56fd\uff0c\u603b\u6570\u73b0\u5728\u8986\u76d621\u79cd\u8bc1\u5238\uff0c\u6309\u6743\u91cd\u7ea6\u5360\u6052\u751f\u6307\u6570\u548cSET50\u768450%\u3002\u96f6\u552e\u6295\u8d44\u8005\u7684\u5174\u8da3\u6fc0\u589e\uff0c5\u6708\u4efd\u65e5\u5747\u6210\u4ea4\u989d\u8fbe\u5230\u521b\u7eaa\u5f55\u7684540\u4e07\u65b0\u5e01\uff0c\u7ba1\u7406\u7684\u603b\u8d44\u4ea7\u8d85\u8fc71\u4ebf\u65b0\u5e01\uff0c\u5176\u4e2d\u8d85\u8fc760%\u7684\u8d44\u4ea7\u7531\u8d85\u8fc77000\u540d\u96f6\u552e\u6295\u8d44\u8005\u6301\u6709\u3002\u4f4e\u95e8\u69db\u548c\u4fbf\u6377\u7684\u8bbf\u95ee\u7ee7\u7eed\u63a8\u52a8\u91c7\u7528\uff0c\u4f7f\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u80fd\u591f\u53d7\u76ca\u4e8e\u4ea4\u6613\u6d3b\u52a8\u3001\u4fdd\u7ba1\u8d39\u7528\u548c\u5e73\u53f0\u53c2\u4e0e\u5ea6\u7684\u589e\u52a0\uff0c\u7279\u522b\u662f\u5728\u96f6\u552e\u5e02\u573a\u3002SDR\u8ba1\u5212\u589e\u5f3a\u4e86\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u7684\u6218\u7565\u5b9a\u4f4d\uff0c\u4f7f\u5176\u80fd\u591f\u4ee5\u53ef\u6269\u5c55\u7684\u65b9\u5f0f\u591a\u5143\u5316\u6536\u5165\u6765\u6e90\u3002<\/li>\n\n\n\n<li><strong>\u652f\u6301\u6027\u653f\u5e9c\u653f\u7b56\u63a8\u52a8\u589e\u957f\u3002<\/strong>\u65b0\u52a0\u5761\u653f\u5e9c\u901a\u8fc7\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09\u63a8\u51fa\u4e86\u4e00\u7cfb\u5217\u4e3e\u63aa\uff0c\u4ee5\u63d0\u9ad8\u672c\u5730\u80a1\u7968\u5e02\u573a\u7684\u5438\u5f15\u529b\u548c\u7ade\u4e89\u529b\u3002\u8fd9\u4e9b\u4e3e\u63aa\u5305\u62ec50\u4ebf\u65b0\u5e01\u7684\u80a1\u5e02\u53d1\u5c55\u8ba1\u5212\uff08EQDP\uff09\uff0c\u5c06\u4e0e\u57fa\u91d1\u7ecf\u7406\u5408\u4f5c\u6295\u8d44\u65b0\u52a0\u5761\u80a1\u7968\uff0c\u5e76\u7b80\u5316\u6cd5\u89c4\u4ee5\u63d0\u9ad8\u4e0a\u5e02\u6548\u7387\u3002\u6b64\u5916\uff0c\u7a0e\u6536\u4f18\u60e0\u548c\u6269\u5927\u7684\u7814\u7a76\u8865\u52a9\u91d1\uff08GEMS\uff09\u65e8\u5728\u5438\u5f15\u4f18\u8d28IPO\u5e76\u63d0\u5347\u6d41\u52a8\u6027\u3002\u8fd9\u4e9b\u7efc\u5408\u63aa\u65bd\uff0c\u52a0\u4e0a\u5bf9\u521b\u65b0\u548c\u53ef\u6301\u7eed\u6027\u884c\u4e1a\u7684\u5173\u6ce8\uff0c\u4f7f\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u6210\u4e3a\u96f6\u552e\u548c\u673a\u6784\u6295\u8d44\u8005\u7684\u4e3b\u8981\u76ee\u7684\u5730\uff0c\u4fc3\u8fdb\u957f\u671f\u589e\u957f\u548c\u97e7\u6027\u3002<\/li>\n\n\n\n<li><strong>\u6295\u8d44\u8005\u7684\u907f\u98ce\u6e2f\u3002<\/strong>\u7f8e\u5143\u8d70\u5f31\uff0c\u52a0\u4e0a\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u548c\u5168\u7403\u8d38\u6613\u4e0d\u786e\u5b9a\u6027\uff0c\u4fc3\u4f7f\u8d44\u91d1\u6d41\u5165\u50cf\u65b0\u52a0\u5761\u8fd9\u6837\u7684\u65b0\u5174\u5e02\u573a\u3002\u4f5c\u4e3a\u4e00\u4e2a\u5b89\u5168\u7684\u91d1\u878d\u4e2d\u5fc3\uff0c\u65b0\u52a0\u5761\u63d0\u4f9b\u9ad8\u80a1\u606f\u6536\u76ca\u3001\u7ecf\u6d4e\u97e7\u6027\u548c\u7a33\u5065\u7684\u76d1\u7ba1\u6846\u67b6\u7684\u72ec\u7279\u7ec4\u5408\u3002\u5176\u5e94\u5bf9\u5168\u7403\u7ecf\u6d4e\u4e0d\u7a33\u5b9a\u7684\u80fd\u529b\u4f7f\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u6210\u4e3a\u5e0c\u671b\u5728\u5f53\u524d\u5e02\u573a\u6ce2\u52a8\u4e2d\u5bfb\u6c42\u7a33\u5b9a\u548c\u8d44\u672c\u4fdd\u5168\u7684\u6295\u8d44\u8005\u7684\u7406\u60f3\u9009\u62e9\u3002<\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u65b0\u52a0\u5761\u4ea4\u6613\u6240\u62a5\u544a25\u8d22\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u4e3a6.822\u4ebf\u65b0\u5e01\uff0c\u6bd4\u4e0a\u4e00\u671f\u76845.922\u4ebf\u65b0\u5e01\u589e\u957f15.2%\u3002\u5176\u51c0\u5229\u6da6\u4e3a3.4\u4ebf\u65b0\u5e01\uff0c\u540c\u6bd4\u589e\u957f20.7%\uff0c\u76f8\u6bd4\u4e8e25\u8d22\u5e74\u4e0a\u534a\u5e742.816\u4ebf\u65b0\u5e01\u3002\u6bcf\u80a1\u6536\u76ca\uff08EPS\uff09\u4e3a0.318\u65b0\u5e01\uff0c\u8f83\u53bb\u5e74\u540c\u671f\u76840.263\u65b0\u5e01\u6709\u6240\u4e0a\u5347\u3002\u7531\u4e8e\u96c6\u56e2\u7684\u5f3a\u52b2\u8868\u73b0\uff0c\u8463\u4e8b\u4f1a\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d1\u4e2d\u671f\u5b63\u5ea6\u80a1\u606f0.09\u65b0\u5e01\uff0c\u9ad8\u4e8e\u53bb\u5e74\u540c\u671f\u76840.085\u65b0\u5e01\uff0c\u4f7f25\u8d22\u5e74\u4e0a\u534a\u5e74\u7684\u603b\u80a1\u606f\u8fbe\u5230\u6bcf\u80a10.18\u65b0\u5e01\u3002<\/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-70992\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-3.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-3.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-3-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"1238\" height=\"596\" class=\"wp-image-70993\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-with-lines-and-numbers-ai-generated-conte-1.jpeg\" alt=\"A graph with lines and numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-with-lines-and-numbers-ai-generated-conte-1.jpeg 1238w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-with-lines-and-numbers-ai-generated-conte-1-300x144.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-with-lines-and-numbers-ai-generated-conte-1-1024x493.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-with-lines-and-numbers-ai-generated-conte-1-768x370.jpeg 768w\" sizes=\"(max-width: 1238px) 100vw, 1238px\" \/> <\/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\" class=\"wp-image-70994\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-13.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-13-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hk\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" class=\"wp-image-70995\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-14.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><a id=\"post-70949-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a (753 HK)\uff1a\u590f\u5b63\u5b63\u8282<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a5.90\uff0c\u76ee\u6807\u4ef7\uff1a6.50\uff0c\u6b62\u635f\u4ef7\uff1a5.60<\/strong><\/li>\n\n\n\n<li>\u4e2d\u56fd\u56fd\u9645\u822a\u7a7a\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u63d0\u4f9b\u4e2d\u56fd\u56fd\u5185\u3001\u6e2f\u6fb3\u53f0\u5730\u533a\u53ca\u56fd\u9645\u822a\u7a7a\u5ba2\u8fd0\u3001\u8d27\u8fd0\u90ae\u8fd0\u53ca\u7ef4\u4fee\u670d\u52a1\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u4e24\u4e2a\u90e8\u95e8\u5f00\u5c55\u4e1a\u52a1\u3002\u822a\u7a7a\u8425\u8fd0\u4e1a\u52a1\u5206\u90e8\u4e3b\u8981\u63d0\u4f9b\u822a\u7a7a\u5ba2\u8fd0\u53ca\u8d27\u8fd0\u670d\u52a1\u3002\u5176\u4ed6\u4e1a\u52a1\u5206\u90e8\u4e3b\u8981\u63d0\u4f9b\u98de\u673a\u7ef4\u4fee\u670d\u52a1\u53ca\u5176\u4ed6\u822a\u7a7a\u76f8\u5173\u670d\u52a1\u3002\u8be5\u516c\u53f8\u8fd8\u4ece\u4e8b\u56fd\u5185\u3001\u56fd\u9645\u516c\u52a1\u98de\u884c\u4e1a\u52a1\uff0c\u98de\u673a\u6267\u7ba1\u4e1a\u52a1\uff0c\u822a\u7a7a\u5668\u7ef4\u4fee\uff0c\u822a\u7a7a\u516c\u53f8\u95f4\u4e1a\u52a1\u4ee3\u7406\uff0c\u4e0e\u4e3b\u8425\u4e1a\u52a1\u6709\u5173\u7684\u5730\u9762\u670d\u52a1\u548c\u822a\u7a7a\u5feb\u9012\uff0c\u673a\u4e0a\u514d\u7a0e\u54c1\uff0c\u673a\u4e0a\u5546\u54c1\u96f6\u552e\u4e1a\u52a1\u4ee5\u53ca\u822a\u7a7a\u610f\u5916\u4fdd\u9669\u9500\u552e\u4ee3\u7406\u4e1a\u52a1\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u5728\u56fd\u5185\u548c\u6d77\u5916\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<\/li>\n\n\n\n<li><strong>\u6691\u671f\u51fa\u884c\u65fa\u5b63\u6709\u671b\u63d0\u632f\u9700\u6c42\u3002<\/strong>\u968f\u7740\u4e2d\u56fd2025\u5e74\u6691\u671f\u65c5\u6e38\u5b63\u81ea7\u67081\u65e5\u5f00\u542f\u5e76\u6301\u7eed\u81f38\u670831\u65e5\uff0c\u65c5\u6e38\u884c\u4e1a\u6b63\u8fce\u6765\u5f3a\u52b2\u590d\u82cf\u3002\u5404\u5927\u673a\u573a\u6b63\u4e3a\u65c5\u5ba2\u6d41\u91cf\u6fc0\u589e\u505a\u597d\u51c6\u5907\u3002\u591a\u5bb6\u65c5\u884c\u793e\u8868\u793a\uff0c\u51fa\u5883\u6e38\u8ba2\u5355\u540c\u6bd4\u589e\u957f\u8d85\u8fc750%\u3002\u5728\u4e0a\u6d77\uff0c\u6d66\u4e1c\u548c\u8679\u6865\u4e24\u5927\u673a\u573a\u9884\u8ba1\u5728\u8fd9\u4e24\u4e2a\u6708\u5185\u5c06\u4fdd\u969c\u5171\u8ba115\u4e07\u67b6\u6b21\u822a\u73ed\uff0c\u540c\u6bd4\u589e\u957f5%\uff1b\u8fdb\u51fa\u6e2f\u65c5\u5ba2\u541e\u5410\u91cf\u9884\u8ba1\u5c06\u8fbe\u52302455\u4e07\u4eba\u6b21\uff0c\u65e5\u5747\u5ba2\u6d41\u91cf\u4e3a39.6\u4e07\u4eba\u6b21\uff0c\u540c\u6bd4\u589e\u957f7%\u3002\u636e\u643a\u7a0b\u96c6\u56e2\u6570\u636e\uff0c\u4eca\u5e74\u590f\u5b63\u7684\u7b7e\u8bc1\u7533\u8bf7\u6570\u91cf\u540c\u6bd4\u589e\u957f\u7ea610%\uff0c\u521b\u4e0b\u4e09\u5e74\u6765\u65b0\u9ad8\uff0c\u5176\u4e2d\u610f\u5927\u5229\u3001\u632a\u5a01\u548c\u5fb7\u56fd\u7b49\u6b27\u6d32\u76ee\u7684\u5730\u7684\u7b7e\u8bc1\u7533\u8bf7\u91cf\u540c\u6bd4\u589e\u957f\u8d85\u8fc780%\u3002\u4f5c\u4e3a\u4e2d\u56fd\u4e3b\u8981\u822a\u7a7a\u516c\u53f8\u4e4b\u4e00\uff0c\u56fd\u822a\u6709\u671b\u663e\u8457\u53d7\u76ca\u4e8e\u6b64\u6b21\u5f3a\u52b2\u7684\u51fa\u884c\u70ed\u6f6e\u3002<\/li>\n\n\n\n<li><strong>\u4e0e\u963f\u8054\u914b\u822a\u7a7a\u8fbe\u6210\u6218\u7565\u5408\u4f5c\uff0c\u62d3\u5c55\u5168\u7403\u7f51\u7edc\u3002<\/strong>\u56fd\u822a\u4e0e\u963f\u8054\u914b\u822a\u7a7a\u7b7e\u7f72\u4e86\u8c05\u89e3\u5907\u5fd8\u5f55\uff08MoU\uff09\uff0c\u4ee5\u6df1\u5316\u53cc\u65b9\u73b0\u6709\u7684\u4e92\u60e0\u8054\u7a0b\u5408\u4f5c\u5173\u7cfb\u3002\u6839\u636e\u534f\u8bae\uff0c\u53cc\u65b9\u5c06\u63a2\u7d22\u5728\u4e2d\u56fd\u4e0e\u963f\u8054\u914b\u4e4b\u95f4\u7684\u4e3b\u5e72\u822a\u7ebf\u4e0a\u5f00\u5c55\u4e92\u6302\u4ee3\u7801\u5408\u4f5c\uff0c\u5e76\u5c06\u5408\u4f5c\u62d3\u5c55\u81f3\u5317\u4eac\u548c\u8fea\u62dc\u4ee5\u5916\u7684\u66f4\u591a\u822a\u70b9\u3002\u6b64\u5916\uff0c\u8c05\u89e3\u5907\u5fd8\u5f55\u8fd8\u6db5\u76d6\u8d27\u8fd0\u4e1a\u52a1\u53ca\u5e38\u65c5\u5ba2\u8ba1\u5212\u7684\u6f5c\u5728\u534f\u540c\uff0c\u65e8\u5728\u4e3a\u4f11\u95f2\u53ca\u5546\u52a1\u65c5\u5ba2\u63d0\u4f9b\u66f4\u5f3a\u7684\u8fde\u901a\u6027\u548c\u66f4\u9ad8\u7684\u4ef7\u503c\u3002\u6b64\u6b21\u5408\u4f5c\u6709\u671b\u52a9\u529b\u56fd\u822a\u5f3a\u5316\u5176\u56fd\u9645\u7f51\u7edc\u5e03\u5c40\uff0c\u5e76\u901a\u8fc7\u534f\u540c\u6548\u5e94\u5b9e\u73b0\u5ba2\u6d41\u589e\u91cf\u3002<\/li>\n\n\n\n<li><strong>\u5e94\u5bf9\u6fc0\u589e\u7684\u6b27\u6d32\u51fa\u884c\u9700\u6c42\uff0c\u56fd\u822a\u6269\u5145\u8fd0\u529b\u3002<\/strong>\u9762\u5bf9\u65fa\u76db\u7684\u6b27\u6d32\u65c5\u6e38\u9700\u6c42\uff0c\u56fd\u822a\u5c06\u57282025\u5e74\u590f\u5b63\u8fdb\u4e00\u6b65\u52a0\u5927\u8be5\u5730\u533a\u8fd0\u529b\u6295\u5165\u3002\u81ea7\u670822\u65e5\u81f38\u670826\u65e5\uff0c\u5317\u4eac\u2014\u65e5\u5185\u74e6\u822a\u7ebf\u5c06\u4ece\u6bcf\u54685\u73ed\u589e\u81f36\u73ed\uff0c\u6267\u98de\u673a\u578b\u4e3a\u5148\u8fdb\u7684\u7a7a\u5ba2A350-900\u5bbd\u4f53\u5ba2\u673a\uff0c\u63d0\u5347\u65c5\u5ba2\u8212\u9002\u5ea6\u3002\u540c\u65f6\uff0c\u5317\u4eac\u2014\u7f57\u9a6c\u822a\u7ebf\u4e5f\u5c06\u63d0\u5347\u822a\u73ed\u9891\u6b21\u3002\u8fd9\u4e00\u4e3e\u63aa\u4e0e\u56fd\u5185\u822a\u7a7a\u516c\u53f8\u9010\u6b65\u91cd\u5efa\u6b27\u6d32\u822a\u7ebf\u7f51\u7edc\u7684\u6574\u4f53\u8d8b\u52bf\u4e00\u81f4\u3002\u636e\u643a\u7a0b\u62a5\u544a\u663e\u793a\uff0c\u6b27\u6d32\u65c5\u6e38\u70ed\u5ea6\u663e\u8457\u4e0a\u5347\uff0c\u76f8\u5173\u7b7e\u8bc1\u7533\u8bf7\u540c\u6bd4\u589e\u957f\u8d85\u8fc780%\u3002\u56fd\u822a\u6b64\u756a\u6269\u5bb9\u6b63\u503c\u6691\u671f\u65fa\u5b63\uff0c\u6709\u671b\u6709\u6548\u628a\u63e1\u4e0d\u65ad\u589e\u957f\u7684\u6b27\u6d32\u51fa\u5883\u6e38\u9700\u6c42\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u56fd\u822a\u8425\u6536\u540c\u6bd4\u5fae\u964d0.11%\uff0c\u5f55\u5f97\u4eba\u6c11\u5e01400.2\u4ebf\u5143\uff081Q24\u4e3a\u4eba\u6c11\u5e01400.6\u4ebf\u5143\uff09\u3002\u51c0\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e0121.3\u4ebf\u5143\uff0c\u8f832024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e0117.1\u4ebf\u5143\u6709\u6240\u6269\u5927\u3002\u6bcf\u80a1\u57fa\u672c\u4e8f\u635f\u4e3a\u4eba\u6c11\u5e01(0.12)\uff0c\u8f832024\u5e74\u540c\u671f\u7684\u4eba\u6c11\u5e01(0.11)\u6709\u6240\u4e0b\u6ed1\u3002<\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-70996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-15-300x64.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=\"1222\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-16.jpeg\" alt=\"\" class=\"wp-image-70997\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-16.jpeg 1222w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-16-300x146.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-16-1024x499.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-16-768x375.jpeg 768w\" sizes=\"(max-width: 1222px) 100vw, 1222px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-70998\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-17.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u5c0f\u7c73\u96c6\u56e2 (1810 HK)\uff1a\u5f3a\u5927\u7684\u5e02\u573a\u5730\u4f4d<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a58.0\uff0c\u76ee\u6807\u4ef7\uff1a64.0\uff0c\u6b62\u635f\u4ef7\uff1a55.0<\/strong><\/li>\n\n\n\n<li>\u5c0f\u7c73\u96c6\u56e2\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u667a\u80fd\u624b\u673a\u3001\u7269\u8054\u7f51\uff08IoT\uff09\u548c\u751f\u6d3b\u6d88\u8d39\u4ea7\u54c1\u7814\u53d1\u548c\u9500\u552e\u4e1a\u52a1\u7684\u6295\u8d44\u63a7\u80a1\u516c\u53f8\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u56db\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u667a\u80fd\u624b\u673a\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u667a\u80fd\u624b\u673a\u9500\u552e\u4e1a\u52a1\u3002IoT\u548c\u751f\u6d3b\u6d88\u8d39\u4ea7\u54c1\u5206\u90e8\u4e3b\u8981\u9500\u552e\u5176\u4ed6\u81ea\u5bb6\u4ea7\u54c1\uff08\u5305\u62ec\u667a\u80fd\u7535\u89c6\u673a\u3001\u7b14\u8bb0\u672c\u7535\u8111\u3001\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u97f3\u7bb1\u548c\u667a\u80fd\u8def\u7531\u5668\uff09\u3001\u751f\u6001\u94fe\u4ea7\u54c1\uff08\u5305\u62ecIoT\u548c\u5176\u4ed6\u667a\u80fd\u786c\u4ef6\u4ea7\u54c1\uff09\u4ee5\u53ca\u90e8\u5206\u751f\u6d3b\u6d88\u8d39\u4ea7\u54c1\u3002\u4e92\u8054\u7f51\u670d\u52a1\u5206\u90e8\u63d0\u4f9b\u5e7f\u544a\u670d\u52a1\u53ca\u7f51\u7edc\u6e38\u620f\u4e0e\u91d1\u878d\u79d1\u6280\u4e1a\u52a1\u7b49\u4e92\u8054\u7f51\u589e\u503c\u670d\u52a1\u3002\u5176\u4ed6\u5206\u90e8\u63d0\u4f9b\u786c\u4ef6\u4ea7\u54c1\u7ef4\u4fee\u670d\u52a1\u7b49\u3002\u8be5\u516c\u53f8\u8fd8\u4ece\u4e8b\u667a\u80fd\u7535\u52a8\u6c7d\u8f66\u53ca\u5176\u4ed6\u76f8\u5173\u4e1a\u52a1\u3002\u8be5\u516c\u53f8\u5728\u56fd\u5185\u5e02\u573a\u548c\u6d77\u5916\u5e02\u573a\u9500\u552e\u4ea7\u54c1\u3002<\/li>\n\n\n\n<li><strong>\u5c0f\u7c73YU7 SUV \u9884\u552e\u5f3a\u52b2\u3002<\/strong>\u5c0f\u7c73\u8fd1\u65e5\u5ba3\u5e03\uff0c\u5176\u9996\u6b3e\u4e94\u5ea7\u8fd0\u52a8\u578b\u591a\u529f\u80fd\u8f66 YU7 \u5728\u53d1\u5e03\u540e\u4ec5\u4e00\u5c0f\u65f6\u5185\u5c31\u83b7\u5f97\u4e86\u7ea628.9\u4e07\u4efd\u9884\u8d2d\u8ba2\u5355\u3002YU7 \u8d77\u552e\u4ef7\u4e3a25.35\u4e07\u5143\u4eba\u6c11\u5e01\uff08\u7ea6\u54083.5\u4e07\u7f8e\u5143\uff09\uff0c\u51ed\u501f\u5176\u5177\u6709\u7ade\u4e89\u529b\u7684\u5b9a\u4ef7\uff08\u7565\u4f4e\u4e8e\u7279\u65af\u62c9Model Y\uff09\u4ee5\u53ca\u5353\u8d8a\u7684\u89c4\u683c\u548c\u6027\u80fd\uff0c\u5f15\u53d1\u4e86\u5f3a\u70c8\u5173\u6ce8\u3002\u9ad8\u914d\u7248\u552e\u4ef7\u4e3a32.99\u4e07\u5143\u4eba\u6c11\u5e01\uff0c\u5355\u6b21\u5145\u7535\u7eed\u822a\u91cc\u7a0b\u53ef\u8fbe756\u516c\u91cc\uff0c0\u5230100\u516c\u91cc\/\u5c0f\u65f6\u52a0\u901f\u4ec5\u97003.23\u79d2\u3002\u6240\u6709\u8f66\u578b\u5747\u63d0\u4f9b\u4e5d\u79cd\u989c\u8272\u9009\u62e9\uff0c\u914d\u5907\u5148\u8fdb\u7684\u6fc0\u5149\u96f7\u8fbe\u7cfb\u7edf\u4ee5\u589e\u5f3a\u9a7e\u9a76\u8f85\u52a9\u529f\u80fd\uff0c\u5e76\u91c7\u7528800V\u5e73\u53f0\u5b9e\u73b0\u8d85\u5feb\u5145\u7535\u3002\u9884\u8ba1\u8fd9\u4e00\u538b\u5012\u6027\u7684\u5e02\u573a\u9700\u6c42\u5c06\u5de9\u56fa\u5c0f\u7c73\u5728\u4e2d\u56fd\u9ad8\u7aef\u7535\u52a8\u6c7d\u8f66\u5e02\u573a\u7684\u5730\u4f4d\uff0c\u5e76\u4e3a\u516c\u53f8\u8fd1\u671f\u8425\u6536\u589e\u957f\u505a\u51fa\u79ef\u6781\u8d21\u732e\u3002<\/li>\n\n\n\n<li><strong>\u4ea7\u54c1\u7ec4\u5408\u6301\u7eed\u62d3\u5c55\u3002<\/strong>\u9664\u4e86\u53d1\u5e03 YU7\uff0c\u5c0f\u7c73\u8fd8\u901a\u8fc7\u5728\u4e2d\u56fd\u63a8\u51fa\u552e\u4ef71999\u5143\u4eba\u6c11\u5e01\u8d77\u7684 AI \u773c\u955c\uff0c\u8fdb\u4e00\u6b65\u6269\u5927\u4e86\u5176\u4ea7\u54c1\u7ebf\u3002\u8fd9\u6b3e\u773c\u955c\u642d\u8f7d\u5c0f\u7c73\u4e13\u6709\u64cd\u4f5c\u7cfb\u7edf\u548c\u9a81\u9f99AR\u82af\u7247\u7ec4\uff0c\u914d\u5907\u9ad8\u5206\u8fa8\u73871200\u4e07\u50cf\u7d20\u6444\u50cf\u5934\uff0c\u53ef\u62cd\u6444\u771f\u5b9e\u4e16\u754c\u5185\u5bb9\uff0c\u5e76\u652f\u6301\u5b9e\u65f6\u6587\u672c\u7ffb\u8bd1\u548c\u8bed\u97f3\u52a9\u624b\u529f\u80fd\u3002\u6b64\u6b21\u53d1\u5e03\u51f8\u663e\u4e86\u5c0f\u7c73\u5728\u53ef\u7a7f\u6234\u6280\u672f\u9886\u57df\u7684\u6301\u7eed\u53d1\u529b\uff0c\u5e76\u8fdb\u4e00\u6b65\u4e30\u5bcc\u4e86\u5176\u4e92\u8054\u8bbe\u5907\u751f\u6001\u7cfb\u7edf\u3002\u6b64\u5916\uff0c\u516c\u53f8\u8fd8\u5728\u8fd1\u671f\u5317\u4eac\u53d1\u5e03\u4f1a\u4e0a\u63a8\u51fa\u4e86\u5176\u4ed6\u65b0\u54c1\uff0c\u5305\u62ecMIX Flip 2\u667a\u80fd\u624b\u673a\u548c\u5c0f\u7c73\u5e73\u677f7S Pro\u3002<\/li>\n\n\n\n<li><strong>\u5168\u7403\u5316\u6269\u5f20\u6301\u7eed\u8fdb\u884c\u3002<\/strong>\u5c0f\u7c73\u5df2\u6218\u7565\u6027\u8fdb\u5165\u97e9\u56fd\u5e02\u573a\uff0c\u5728\u9996\u5c14IFC\u5546\u573a\u5f00\u8bbe\u4e86\u9996\u5bb6\u7ebf\u4e0b\u96f6\u552e\u5e97\u3002\u8fd9\u5bb6200\u5e73\u65b9\u7c73\u7684\u95e8\u5e97\u5c55\u793a\u4e86\u5305\u62ec\u667a\u80fd\u624b\u673a\u3001\u7535\u89c6\u548c\u626b\u5730\u673a\u5668\u4eba\u7b49\u5728\u5185\u7684\u5e7f\u6cdb\u4ea7\u54c1\u3002\u5c3d\u7ba1\u5f53\u65f6\u5c1a\u672a\u6b63\u5f0f\u8425\u4e1a\uff0c\u8be5\u5e97\u5df2\u5438\u5f15\u4e86\u5927\u91cf\u4eba\u6d41\u3002\u8be5\u95e8\u5e97\u4f4d\u4e8e\u6234\u68ee\u3001\u82f9\u679c\u7b49\u54c1\u724c\u65c1\u8fb9\uff0c\u9760\u8fd1\u4e09\u661f\u7535\u5b50\u95e8\u5e97\u7684\u9ad8\u8c03\u533a\u57df\uff0c\u6807\u5fd7\u7740\u5c0f\u7c73\u97e9\u56fd\u5b50\u516c\u53f8\u5728\u4e00\u6708\u4efd\u6210\u7acb\u540e\u7684\u4e00\u4e2a\u91cd\u8981\u91cc\u7a0b\u7891\u3002\u516c\u53f8\u8ba1\u5212\u8fdb\u4e00\u6b65\u6269\u5927\u5176\u5728\u97e9\u56fd\u7684\u96f6\u552e\u4e1a\u52a1\uff0c\u5305\u62ec\u5728\u4eac\u757f\u9053\u5730\u533a\u5f00\u8bbe\u65b0\u5e97\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u5230\u4eba\u6c11\u5e011113\u4ebf\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a\u4eba\u6c11\u5e01755\u4ebf\u5143\u30022025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7a0e\u540e\u5229\u6da6\u4e3a\u4eba\u6c11\u5e01109\u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f161.0%\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a\u4eba\u6c11\u5e0141.7\u4ebf\u5143\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u4ece\u53bb\u5e74\u540c\u671f\u76840.17\u5143\u4eba\u6c11\u5e01\u589e\u81f32025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u76840.44\u5143\u4eba\u6c11\u5e01\u3002<\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-70999\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-4.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-4.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-4-300x64.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=\"967\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-number-of-different-colored-line-1.jpeg\" alt=\"A graph showing a number of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-71000\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-number-of-different-colored-line-1.jpeg 967w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-number-of-different-colored-line-1-300x178.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-number-of-different-colored-line-1-768x457.jpeg 768w\" sizes=\"(max-width: 967px) 100vw, 967px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-20.png\" alt=\"\" class=\"wp-image-71001\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-20-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"us\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-21.png\" alt=\"\" class=\"wp-image-71002\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-21.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-21-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Centrus Energy Corp.(LEU US)\uff1a\u62e5\u6709\u7ade\u4e89\u4f18\u52bf<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a175 \u76ee\u6807\u4ef7\uff1a195 \u6b62\u635f\u4ef7\uff1a165<\/strong><\/li>\n\n\n\n<li>\u4e2d\u5fc3\u80fd\u6e90\u516c\u53f8\u4e3a\u6838\u80fd\u6e90\u884c\u4e1a\u4f9b\u5e94\u6838\u71c3\u6599\u548c\u670d\u52a1\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u4f4e\u6d53\u7f29\u94c0\u548c\u6280\u672f\u89e3\u51b3\u65b9\u6848\u4e24\u4e2a\u90e8\u95e8\u8fd0\u8425\u3002\u4f4e\u6d53\u7f29\u94c0\u90e8\u95e8\u5305\u62ec\u4e24\u4e2a\u7ec4\u6210\u90e8\u5206\uff1a\u9500\u552e\u5206\u79bb\u5de5\u4f5c\u5355\u5143\u548c\u94c0\u3002\u6280\u672f\u89e3\u51b3\u65b9\u6848\u90e8\u95e8\u4e3a\u653f\u5e9c\u548c\u79c1\u8425\u90e8\u95e8\u5ba2\u6237\u63d0\u4f9b\u5de5\u7a0b\u3001\u8bbe\u8ba1\u548c\u5236\u9020\u670d\u52a1\u3002\u8be5\u516c\u53f8\u7684\u5927\u90e8\u5206\u6536\u5165\u6765\u81ea\u4f4e\u6d53\u7f29\u94c0\u90e8\u95e8\uff0c\u4e14\u5728\u7f8e\u56fd\u53ca\u5176\u4ed6\u56fd\u5bb6\/\u5730\u533a\u5747\u6709\u4e1a\u52a1\uff0c\u4e3b\u8981\u6536\u5165\u6765\u81ea\u7f8e\u56fd\u3002<\/li>\n\n\n\n<li><strong>\u9ad8\u542b\u91cf\u4f4e\u6d53\u7f29\u94c0\u662f\u6838\u80fd\u74f6\u9888\u3002<\/strong>\u9ad8\u542b\u91cf\u4f4e\u6d53\u7f29\u94c0\uff08HALEU\uff09\u662f\u6d53\u5ea6\u57285%\u81f320%\u94c0-235\u7684\u94c0\u71c3\u6599\uff0c\u4e0e\u4f20\u7edf\u4f4e\u6d53\u7f29\u94c0\u76f8\u6bd4\uff0cHALEU\u63d0\u4f9b\u66f4\u9ad8\u7684\u80fd\u91cf\u8f93\u51fa\uff0c\u540c\u65f6\u51cf\u5c11\u6838\u5e9f\u6599\u4ea7\u751f\u3002HALEU\u9002\u7528\u4e8e\u65b0\u4e00\u4ee3\u5148\u8fdb\u53cd\u5e94\u5806\u8bbe\u8ba1\uff0c\u7279\u522b\u662f\u5c0f\u578b\u6a21\u5757\u5316\u53cd\u5e94\u5806\u3002\u6838\u80fd\u4ea7\u4e1a\u7684\u521b\u65b0\u548c\u6548\u7387\u63d0\u9ad8\u4f9d\u8d56\u4e8eHALEU\u7684\u5e94\u7528\uff0c\u591a\u4e2a\u56fd\u5bb6\u6b63\u5728\u63a8\u52a8HALEU\u7684\u7814\u53d1\u548c\u5e94\u7528\u3002HALEU\u751f\u4ea7\u8bb8\u53ef\u8bc1\u7684\u7533\u8bf7\u975e\u5e38\u4e25\u683c\uff0c\u6d89\u53ca\u6280\u672f\u3001\u751f\u4ea7\u8bbe\u5907\u53ca\u5382\u533a\u7b49\u56e0\u7d20\u3002\u8be5\u516c\u53f8\u662f\u7f8e\u56fd\u6838\u7ba1\u7406\u59d4\u5458\u4f1a\u552f\u4e00\u6388\u4e88\u8bb8\u53ef\u751f\u4ea7HALEU\u7684\u516c\u53f8\uff0c\u8fd9\u6784\u6210\u4e86\u5176\u7ade\u4e89\u4f18\u52bf\u3002<\/li>\n\n\n\n<li><strong>\u79ef\u538b\u8ba2\u5355\u81f32040\u5e74\u3002<\/strong>\u622a\u81f32025\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u8be5\u516c\u53f8\u7684\u79ef\u538b\u8ba2\u5355\u603b\u989d\u4e3a38\u4ebf\u7f8e\u5143\uff0c\u5c65\u7ea6\u671f\u9650\u81f32040\u5e74\u3002\u5176\u4e2d\u5305\u62ec\u4ef7\u503c21\u4ebf\u7f8e\u5143\u7684\u4f4e\u6d53\u7f29\u94c0\u9500\u552e\u534f\u8bae\u53ca9\u4ebf\u7f8e\u5143\u7684\u6280\u672f\u652f\u6301\u670d\u52a1\u3002<\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u8425\u6536\u540c\u6bd4\u589e\u957f67.3%\uff0c\u8fbe\u52307310\u4e07\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f4.98\u4ebf\u7f8e\u5143\u3002GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a1.6\u7f8e\u5143\u3002<\/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\/07\/a-blue-and-white-rectangular-object-with-numbers-1.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-71003\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-object-with-numbers-1.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-object-with-numbers-1-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1222\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-of-a-stock-market-ai-generated-content-ma-1.jpeg\" alt=\"A graph of a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-71004\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-of-a-stock-market-ai-generated-content-ma-1.jpeg 1222w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-of-a-stock-market-ai-generated-content-ma-1-300x146.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-of-a-stock-market-ai-generated-content-ma-1-1024x499.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-of-a-stock-market-ai-generated-content-ma-1-768x375.jpeg 768w\" sizes=\"(max-width: 1222px) 100vw, 1222px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" class=\"wp-image-71005\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-flag-description-automatically-g-1.png\" alt=\"A long line of a flag\n\nDescription automatically generated with medium confidence\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-flag-description-automatically-g-1.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-flag-description-automatically-g-1-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-long-line-of-a-flag-description-automatically-g-1-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u5361\u6885\u79d1\u516c\u53f8(CCJ US)\uff1a\u6838\u80fd\u548c\u94c0\u4f9b\u5e94\u7684\u957f\u671f\u987a\u98ce<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a70 \u76ee\u6807\u4ef7\uff1a76 \u6b62\u635f\u4ef7\uff1a67<\/strong><\/li>\n\n\n\n<li>\u5361\u6885\u79d1\u516c\u53f8\u4ece\u4e8b\u94c0\u7684\u52d8\u63a2\u3001\u5f00\u53d1\u3001\u5f00\u91c7\u3001\u7cbe\u70bc\u3001\u8f6c\u5316\u548c\u5236\u9020\u3002\u8be5\u516c\u53f8\u63d0\u4f9b\u7528\u4e8e\u6838\u7535\u53cd\u5e94\u5806\u53d1\u7535\u7684\u94c0\u3002\u5361\u6885\u79d1\u5728\u5168\u7403\u8303\u56f4\u5185\u8fd0\u8425\u3002<\/li>\n\n\n\n<li><strong>\u7f8e\u56fd\u7535\u529b\u9700\u6c42\u6fc0\u589e\u3002<\/strong>\u6839\u636e\u7f8e\u56fd\u80fd\u6e90\u4fe1\u606f\u7ba1\u7406\u5c40\uff08EIA\uff09\u7684\u9884\u6d4b\uff0c\u7f8e\u56fd\u7684\u7535\u529b\u6d88\u8d39\u9884\u8ba1\u5c06\u57282025\u5e74\u548c2026\u5e74\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c\u4e3b\u8981\u53d7\u4eba\u5de5\u667a\u80fd\u548c\u52a0\u5bc6\u6570\u636e\u4e2d\u5fc3\u7684\u7206\u70b8\u6027\u9700\u6c42\uff0c\u4ee5\u53ca\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u5de5\u4e1a\u7528\u7535\u4e0a\u5347\u7684\u63a8\u52a8\u3002\u968f\u7740\u5316\u77f3\u71c3\u6599\u9762\u4e34\u76d1\u7ba1\u538b\u529b\uff0c\u4e14\u53ef\u518d\u751f\u80fd\u6e90\u53d7\u5230\u95f4\u6b47\u6027\u9650\u5236\uff0c\u6838\u80fd\u4ecd\u7136\u662f\u552f\u4e00\u53ef\u6269\u5c55\u7684\u96f6\u6392\u653e\u57fa\u8f7d\u7535\u6e90\u3002\u968f\u7740\u7535\u7f51\u5bf9\u7535\u529b\u7684\u9700\u6c42\u65e5\u76ca\u589e\u52a0\uff0c\u516c\u7528\u4e8b\u4e1a\u516c\u53f8\u5c06\u9700\u8981\u957f\u671f\u7684\u94c0\u4f9b\u5e94\u4ee5\u7ef4\u6301\u53ef\u9760\u6027\u3002\u8fd9\u4e00\u7ed3\u6784\u6027\u9700\u6c42\u7684\u8f6c\u53d8\u5c06\u6709\u5229\u4e8e\u5361\u6885\u79d1\u516c\u53f8\u3002<\/li>\n\n\n\n<li><strong>\u56fd\u9645\u6838\u80fd\u9700\u6c42\u4e0a\u5347\u3002<\/strong>\u968f\u7740\u5168\u7403\u6838\u80fd\u70ed\u6f6e\u7684\u52a0\u901f\uff0c\u5361\u6885\u79d1\u4e0d\u4ec5\u4ece\u94c0\u751f\u4ea7\u4e2d\u53d7\u76ca\uff0c\u8fd8\u901a\u8fc7\u5176\u5bf9\u897f\u5c4b\u516c\u53f8\u768449%\u80a1\u4efd\u4ece\u56fd\u9645\u5148\u8fdb\u53cd\u5e94\u5806\u6280\u672f\u7684\u5546\u4e1a\u5316\u4e2d\u83b7\u76ca\u3002\u968f\u7740\u5404\u56fd\u51cf\u5c11\u5bf9\u4fc4\u7f57\u65af\u548c\u4e2d\u56fd\u6838\u6280\u672f\u7684\u4f9d\u8d56\uff0c\u9700\u6c42\u8f6c\u5411\u897f\u65b9\u4f9b\u5e94\u5546\u3002\u6700\u8fd1\u7684\u4ea4\u6613\uff0c\u5305\u62ec\u6377\u514b\u7684AP1000\u53cd\u5e94\u5806\u9879\u76ee\uff0c\u9884\u8ba1\u5728\u7b2c\u4e8c\u5b63\u5ea6\u5c06\u589e\u52a01.7\u4ebf\u7f8e\u5143\u7684\u8c03\u6574\u540eEBITDA\uff0c\u7a81\u663e\u4e86\u5361\u6885\u79d1\u56fd\u9645\u4e1a\u52a1\u7684\u76c8\u5229\u80fd\u529b\u3002\u4e0e\u82ac\u5170Fortum\u516c\u53f8\u7684\u989d\u5916\u534f\u8bae\u8fdb\u4e00\u6b65\u652f\u6301\u957f\u671f\u4ef7\u503c\u521b\u9020\u3002\u968f\u7740\u5168\u7403\u5bf9\u6e05\u6d01\u3001\u5b89\u5168\u80fd\u6e90\u7684\u9700\u6c42\u589e\u957f\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u56fd\u5bb6\u6295\u8d44\u4e8e\u957f\u671f\u6838\u57fa\u7840\u8bbe\u65bd\uff0c\u5361\u6885\u79d1\u5728\u71c3\u6599\u4f9b\u5e94\u548c\u53cd\u5e94\u5806\u6280\u672f\u9886\u57df\u90fd\u6709\u671b\u5b9e\u73b0\u4ef7\u503c\uff0c\u5de9\u56fa\u5176\u5728\u6838\u80fd\u4ef7\u503c\u94fe\u4e2d\u7684\u5730\u4f4d\u3002<\/li>\n\n\n\n<li><strong>\u7f8e\u56fd\u5bf9\u6838\u80fd\u53d1\u5c55\u7684\u91cd\u65b0\u627f\u8bfa\u3002<\/strong>\u7ebd\u7ea6\u5ba3\u5e03\u5efa\u8bbe\u4e00\u5ea7\u65b0\u76841GW\u6838\u7535\u7ad9\uff0c\u8fd9\u662f15\u5e74\u6765\u7684\u9996\u4e2a\u6838\u7535\u7ad9\uff0c\u6807\u5fd7\u7740\u7f8e\u56fd\u80fd\u6e90\u653f\u7b56\u7684\u8f6c\u6298\u70b9\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u6838\u80fd\u5728\u7535\u7f51\u7a33\u5b9a\u6027\u548c\u8131\u78b3\u4e2d\u7684\u4f5c\u7528\u3002\u8054\u90a6\u653f\u5e9c\u91c7\u53d6\u884c\u52a8\u7b80\u5316\u6838\u51c6\u6d41\u7a0b\uff0c\u52a0\u4e0a\u5fae\u8f6f\u3001\u4e9a\u9a6c\u900a\u548c\u8c37\u6b4c\u7b49\u79d1\u6280\u5de8\u5934\u7684\u79c1\u4eba\u90e8\u95e8\u5f3a\u70c8\u5174\u8da3\uff0c\u9884\u793a\u7740\u672a\u6765\u6570\u5341\u5e74\u7684\u6838\u80fd\u5efa\u8bbe\u3002\u5361\u6885\u79d1\u5c06\u76f4\u63a5\u53d7\u76ca\u4e8e\u94c0\u9700\u6c42\u7684\u589e\u957f\uff0c\u5f97\u76ca\u4e8e\u5176\u5728\u71c3\u6599\u5faa\u73af\u4e2d\u7684\u6218\u7565\u5e03\u5c40\u53ca\u5176\u5bf9\u897f\u5c4b\u7684\u6301\u80a1\u3002<\/li>\n\n\n\n<li><strong>\u94c0\u4ef7\u4e0a\u6da8\u548c\u4f9b\u5e94\u6760\u6746\u3002<\/strong>\u94c0\u4ef7\u5df2\u6500\u5347\u81f3\u7ea678.5\u7f8e\u5143\/\u78c5\uff0c\u4e3b\u8981\u53d7\u9700\u6c42\u590d\u82cf\u3001\u653f\u7b56\u652f\u6301\u548c\u4f9b\u5e94\u53d7\u9650\u7684\u63a8\u52a8\u3002Sprott Physical Uranium Trust\u6700\u8fd1\u76842\u4ebf\u7f8e\u5143\u8d2d\u4e70\u3001\u7f8e\u56fd\u6062\u590d\u56fd\u5185\u6d53\u7f29\u80fd\u529b\u7684\u52aa\u529b\u4ee5\u53caKazatomprom\u6301\u7eed\u7684\u4f9b\u5e94\u77ed\u7f3a\uff0c\u51f8\u663e\u4e86\u5e02\u573a\u7684\u7d27\u7f29\u3002\u5361\u6885\u79d1\u516c\u53f8\u6709\u671b\u5728\u94c0\u5468\u671f\u52a0\u5f3a\u65f6\u6355\u6349\u4ef7\u683c\u4e0a\u6da8\u5e76\u5b9e\u73b0\u76c8\u5229\u6760\u6746\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u94c0\u73b0\u8d27\u4ef7\u683c<img loading=\"lazy\" decoding=\"async\" width=\"1238\" height=\"614\" class=\"wp-image-71006\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-line-graph-ai-generated-content-1.jpeg\" alt=\"A graph showing a line graph\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-line-graph-ai-generated-content-1.jpeg 1238w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-line-graph-ai-generated-content-1-300x149.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-line-graph-ai-generated-content-1-1024x508.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-showing-a-line-graph-ai-generated-content-1-768x381.jpeg 768w\" sizes=\"(max-width: 1238px) 100vw, 1238px\" \/><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u8425\u6536\u589e\u957f24.4%\uff0c\u8fbe\u52307.89\u4ebf\u7f8e\u5143\u3002\u975eGAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.16\u7f8e\u5143\u3002\u5bf9\u4e8e25\u8d22\u5e74\uff0c\u5361\u6885\u79d1\u8ba1\u5212\u5728Cigar Lake\u548cMcArthur River\/Key Lake\u5404\u751f\u4ea71800\u4e07\u78c5\uff08100%\u57fa\u6570\uff09\uff0c\u5728\u5176\u71c3\u6599\u670d\u52a1\u90e8\u95e8\u751f\u4ea71300\u4e07\u81f31400\u4e07\u516c\u65a4\u94c0\uff0c\u5e76\u7ee7\u7eed\u52aa\u529b\u5ef6\u957fCigar Lake\u7684\u77ff\u5c71\u5bff\u547d\u3002\u5b83\u73b0\u5728\u9884\u8ba1\u6765\u81ea\u5bf9\u897f\u5c4b\u6295\u8d44\u7684\u8c03\u6574\u540eEBITDA\u5c06\u589e\u52a0\u7ea61.7\u4ebf\u7f8e\u5143\u3002\u5728\u63a5\u4e0b\u6765\u7684\u4e94\u5e74\u4e2d\uff0c\u9884\u8ba1\u8c03\u6574\u540eEBITDA\u5c06\u4ee56%\u81f310%\u7684\u590d\u5408\u5e74\u589e\u957f\u7387\u589e\u957f\u3002<\/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\/07\/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-71007\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-blue-and-white-rectangular-box-with-white-text-5.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/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=\"1238\" height=\"596\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-on-a-white-background-ai-generated-conten-1.jpeg\" alt=\"A graph on a white background\n\nAI-generated content may be incorrect.\" class=\"wp-image-71008\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-on-a-white-background-ai-generated-conten-1.jpeg 1238w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-on-a-white-background-ai-generated-conten-1-300x144.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-on-a-white-background-ai-generated-conten-1-1024x493.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-graph-on-a-white-background-ai-generated-conten-1-768x370.jpeg 768w\" sizes=\"(max-width: 1238px) 100vw, 1238px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0<\/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-70949-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-71009\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-28.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-28-300x64.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=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-29.png\" alt=\"\" class=\"wp-image-71010\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-29.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/word-image-70949-29-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take profit on OUE Real Estate Investment Trust (OUEREIT SP) at S$0.30. Add Xiaomi Corp (1810 HK) at HK$58 and Keppel Ltd (KEP SP) at S$7.40.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"562\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-screen-ai-generated-co-1.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-71011\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-screen-ai-generated-co-1.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-screen-ai-generated-co-1-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/07\/a-screenshot-of-a-computer-screen-ai-generated-co-1-768x458.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-ed4e1152\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-075e5b76\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-0ad8dd24\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-dc1bd65c\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-2f4e392f wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.kgieworld.sg\/securities\/contact-us\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">\u8054\u7cfb\u6211\u4eec\u4e86\u89e3\u66f4\u591a\u4fe1\u606f<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-4467fd1f\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-fdd2c8c4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-27ad8851\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png\" alt=\"\" class=\"uag-image-69995\" width=\"760\" height=\"208\" title=\"1\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-82e9f322 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/t.me\/kgisg\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png\" alt=\"\" class=\"uag-image-69996\" width=\"760\" height=\"208\" title=\"2\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-56591-_tiry8p5xvcqk\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 (Source: Bloomberg) \u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b (Source: Bloomberg) \u4e2d\u56fd\u56fd\u9645\u822a\u7a7a (753 HK)\uff1a\u590f\u5b63\u5b63\u8282 (Source: Bloomberg) \u5c0f\u7c73\u96c6\u56e2 (1810 HK)\uff1a\u5f3a\u5927\u7684\u5e02\u573a\u5730\u4f4d (Source: Bloomberg) Centrus Energy Corp.(LEU US)\uff1a\u62e5\u6709\u7ade\u4e89\u4f18\u52bf (Source: Bloomberg) \u5361\u6885\u79d1\u516c\u53f8(CCJ US)\uff1a\u6838\u80fd\u548c\u94c0\u4f9b\u5e94\u7684\u957f\u671f\u987a\u98ce \u94c0\u73b0\u8d27\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) \u00a0 ^ Back To Top Trading [&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-70949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas-chinese"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a7.4\uff0c\u76ee\u6807\u4ef7\uff1a8.0\uff0c\u6b62\u635f\u4ef7\uff1a7.1 \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 \u65b0\u7684\u4e94\u5e74\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002\u51ef\u5b9d\u4e0e\u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u94f6\u884c\uff08AIIB\uff09\u5efa\u7acb\u5408\u4f5c\uff0c\u52a8\u5458\u9ad8\u8fbe15\u4ebf\u7f8e\u5143\u7528\u4e8e\u4e9a\u592a\u5730\u533a\u7684\u53ef\u6301\u7eed\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u589e\u5f3a\u4e86\u5176\u4f5c\u4e3a\u8be5\u5730\u533a\u9886\u5148\u8d44\u4ea7\u7ba1\u7406\u8005\u7684\u5730\u4f4d\u3002\u8fd9\u9879\u4e3a\u671f\u4e94\u5e74\u7684\u5408\u4f5c\u5c06\u91cd\u70b9\u5173\u6ce8\u7eff\u8272\u3001\u6280\u672f\u9a71\u52a8\u548c\u8fde\u63a5\u6027\u57fa\u7840\u8bbe\u65bd\uff0c\u5305\u62ec\u53ef\u518d\u751f\u80fd\u6e90\u3001\u57ce\u5e02\u670d\u52a1\u548c\u7535\u529b\u4f20\u8f93\u3002\u8fd9\u4e0e\u51ef\u5b9d\u7684\u6218\u7565\u76f8\u4e00\u81f4\uff0c\u65e8\u5728\u5229\u7528\u4e9a\u6d32\u5feb\u901f\u57ce\u5e02\u5316\u3001\u6570\u5b57\u5316\u548c\u80fd\u6e90\u8f6c\u578b\u7684\u673a\u9047\u3002\u901a\u8fc7\u5229\u7528AIIB\u7684\u8d22\u52a1\u5b9e\u529b\u548c\u51ef\u5b9d\u7684\u8fd0\u8425\u4e13\u957f\uff0c\u9884\u8ba1\u8be5\u5408\u4f5c\u5c06\u63a8\u52a8\u51ef\u5b9d\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u7ec4\u5408\u7684\u957f\u671f\u589e\u957f\u3002 \u533a\u57df\u4f9b\u51b7\u7cfb\u7edf\u62d3\u5c55\u81f3\u533b\u7597\u9886\u57df\u3002 \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 \u4e0e\u534e\u4e3a\u5efa\u7acb\u6218\u7565\u80fd\u6e90\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002 \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 2025\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u52a1\u66f4\u65b0\u3002 \u5409\u5b9d\u4f01\u4e1a\u516c\u5e03\uff0c\u5254\u9664\u539f\u6709 O&amp;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 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a14.6\uff0c\u76ee\u6807\u4ef7\uff1a16.0\uff0c\u6b62\u635f\u4ef7\uff1a13.9\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"kgi daily trading ideas (chinese)\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-02-jul-2025-zh\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e747\u67082\u65e5: \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a7.4\uff0c\u76ee\u6807\u4ef7\uff1a8.0\uff0c\u6b62\u635f\u4ef7\uff1a7.1 \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 \u65b0\u7684\u4e94\u5e74\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002\u51ef\u5b9d\u4e0e\u4e9a\u6d32\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u94f6\u884c\uff08AIIB\uff09\u5efa\u7acb\u5408\u4f5c\uff0c\u52a8\u5458\u9ad8\u8fbe15\u4ebf\u7f8e\u5143\u7528\u4e8e\u4e9a\u592a\u5730\u533a\u7684\u53ef\u6301\u7eed\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u589e\u5f3a\u4e86\u5176\u4f5c\u4e3a\u8be5\u5730\u533a\u9886\u5148\u8d44\u4ea7\u7ba1\u7406\u8005\u7684\u5730\u4f4d\u3002\u8fd9\u9879\u4e3a\u671f\u4e94\u5e74\u7684\u5408\u4f5c\u5c06\u91cd\u70b9\u5173\u6ce8\u7eff\u8272\u3001\u6280\u672f\u9a71\u52a8\u548c\u8fde\u63a5\u6027\u57fa\u7840\u8bbe\u65bd\uff0c\u5305\u62ec\u53ef\u518d\u751f\u80fd\u6e90\u3001\u57ce\u5e02\u670d\u52a1\u548c\u7535\u529b\u4f20\u8f93\u3002\u8fd9\u4e0e\u51ef\u5b9d\u7684\u6218\u7565\u76f8\u4e00\u81f4\uff0c\u65e8\u5728\u5229\u7528\u4e9a\u6d32\u5feb\u901f\u57ce\u5e02\u5316\u3001\u6570\u5b57\u5316\u548c\u80fd\u6e90\u8f6c\u578b\u7684\u673a\u9047\u3002\u901a\u8fc7\u5229\u7528AIIB\u7684\u8d22\u52a1\u5b9e\u529b\u548c\u51ef\u5b9d\u7684\u8fd0\u8425\u4e13\u957f\uff0c\u9884\u8ba1\u8be5\u5408\u4f5c\u5c06\u63a8\u52a8\u51ef\u5b9d\u57fa\u7840\u8bbe\u65bd\u57fa\u91d1\u7ec4\u5408\u7684\u957f\u671f\u589e\u957f\u3002 \u533a\u57df\u4f9b\u51b7\u7cfb\u7edf\u62d3\u5c55\u81f3\u533b\u7597\u9886\u57df\u3002 \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 \u4e0e\u534e\u4e3a\u5efa\u7acb\u6218\u7565\u80fd\u6e90\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u3002 \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 2025\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u52a1\u66f4\u65b0\u3002 \u5409\u5b9d\u4f01\u4e1a\u516c\u5e03\uff0c\u5254\u9664\u539f\u6709 O&amp;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 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a14.6\uff0c\u76ee\u6807\u4ef7\uff1a16.0\uff0c\u6b62\u635f\u4ef7\uff1a13.9\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-02-jul-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=\"2025-07-01T10:02:56+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-07-02T02:29:49+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e747\u67082\u65e5: \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 \u5409\u5b9d\u4f01\u4e1a (KEP SP): \u8d4b\u80fd\u667a\u6167\u4e0e\u7eff\u8272\u672a\u6765 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a7.4\uff0c\u76ee\u6807\u4ef7\uff1a8.0\uff0c\u6b62\u635f\u4ef7\uff1a7.1 \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 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\u5409\u5b9d\u4f01\u4e1a\u516c\u5e03\uff0c\u5254\u9664\u539f\u6709 O&amp;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 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b 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\u5409\u5b9d\u4f01\u4e1a\u516c\u5e03\uff0c\u5254\u9664\u539f\u6709 O&amp;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 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u65b0\u52a0\u5761\u4ea4\u6613\u6240 (SGX SP)\uff1a\u6539\u5584\u4ea4\u6613\u91cf\u548c\u8d39\u7528\u6536\u5165\u6f5c\u529b 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