{"id":73840,"date":"2025-08-10T23:58:28","date_gmt":"2025-08-10T15:58:28","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=73840"},"modified":"2025-08-10T23:58:29","modified_gmt":"2025-08-10T15:58:29","slug":"kgi-daily-trading-ideas-11-aug-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-11-aug-2025-zh\/","title":{"rendered":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e748\u670811\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-73840-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1920\" height=\"818\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14.png\" alt=\"A screenshot of a computer\n\nAI-generated content may be incorrect.\" class=\"wp-image-73872\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14.png 1920w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14-300x128.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14-1024x436.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14-768x327.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-ai-generated-content-m-14-1536x654.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1071\" height=\"274\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-graph-ai-generated-content-may-1.png\" alt=\"A screen shot of a graph\n\nAI-generated content may be incorrect.\" class=\"wp-image-73873\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-graph-ai-generated-content-may-1.png 1071w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-graph-ai-generated-content-may-1-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-graph-ai-generated-content-may-1-1024x262.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-graph-ai-generated-content-may-1-768x196.png 768w\" sizes=\"(max-width: 1071px) 100vw, 1071px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"915\" height=\"282\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-chart-ai-generated-content-may-6.png\" alt=\"A screen shot of a chart\n\nAI-generated content may be incorrect.\" class=\"wp-image-73874\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-chart-ai-generated-content-may-6.png 915w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-chart-ai-generated-content-may-6-300x92.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screen-shot-of-a-chart-ai-generated-content-may-6-768x237.png 768w\" sizes=\"(max-width: 915px) 100vw, 915px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-4.png\" alt=\"\" class=\"wp-image-73875\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-4-300x64.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-73840-_qqv3rtx8nazp\"><\/a><a id=\"post-73840-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1918\" height=\"819\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1.png\" alt=\"A screenshot of a phone\n\nAI-generated content may be incorrect.\" class=\"wp-image-73876\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1.png 1918w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1-300x128.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1-1024x437.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1-768x328.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-phone-ai-generated-content-may-1-1536x656.png 1536w\" sizes=\"(max-width: 1918px) 100vw, 1918px\" \/><\/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\/08\/word-image-73840-6.png\" alt=\"\" class=\"wp-image-73877\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-6-300x64.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\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-7.png\" class=\"wp-image-73878\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.370\uff0c\u76ee\u6807\u4ef7\uff1a0.400\uff0c\u6b62\u635f\u4ef7\uff1a0.355<\/strong><br>  <\/li>\n\n\n\n<li>\u5929\u7136\u7164\u77ff\u96c6\u56e2\u662f\u4e00\u5bb6\u7efc\u5408\u7164\u77ff\u4e13\u8425\u516c\u53f8\u3002\u516c\u53f8\u62e5\u6709\u5e76\u8fd0\u8425\u7164\u77ff\uff0c\u5411\u7b2c\u4e09\u65b9\u77ff\u4e3b\u63d0\u4f9b\u77ff\u5c71\u627f\u5305\u670d\u52a1\uff0c\u5e76\u5411\u7164\u70ad\u4ea4\u6613\u5546\u548c\u7164\u70ad\u51fa\u53e3\u516c\u53f8\u9500\u552e\u7164\u70ad\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7a33\u5b9a\u7684\u5168\u7403\u9700\u6c42\u652f\u6491\u57fa\u7ebf\u6536\u5165\u524d\u666f\u3002<\/strong>\u56fd\u9645\u80fd\u6e90\u7f72\u7684\u5e74\u4e2d\u66f4\u65b0\u8868\u660e\uff0c\u5168\u7403\u7164\u70ad\u9700\u6c42\u9884\u8ba1\u5c06\u57282025\u5e74\u524d\u4fdd\u6301\u572888\u4ebf\u5428\u7684\u5386\u53f2\u9ad8\u4f4d\uff0c\u7ee7\u53bb\u5e74\u7684\u5cf0\u503c\u4e4b\u540e\u3002\u5c3d\u7ba1\u9884\u8ba1\u4e2d\u56fd\u548c\u5370\u5ea6\u4eca\u5e74\u7531\u4e8e\u53ef\u518d\u751f\u80fd\u6e90\u7684\u589e\u957f\u548c\u5de5\u4e1a\u589e\u957f\u653e\u7f13\u800c\u51fa\u73b0\u5c0f\u5e45\u9700\u6c42\u4e0b\u964d\uff0c\u4f46\u7f8e\u56fd\u7b49\u5176\u4ed6\u5e02\u573a\u7684\u5f3a\u52b2\u6d88\u8d39\u8d8b\u52bf\uff08\u9884\u8ba1\u9700\u6c42\u589e\u957f7%\uff09\u6b63\u5728\u7f13\u51b2\u6574\u4f53\u5e02\u573a\u3002\u5bf9\u4e8e\u5929\u7136\u7164\u77ff\u96c6\u56e2\u7b49\u7164\u70ad\u751f\u4ea7\u5546\u800c\u8a00\uff0c\u8fd9\u79cd\u7a33\u5b9a\u6027\u652f\u6491\u4e86\u7a33\u5b9a\u7684\u6536\u5165\u6f5c\u529b\u3002\u5c3d\u7ba1\u9884\u8ba12025\u5e74\u7164\u70ad\u8d38\u6613\u91cf\u5c06\u81ea2020\u5e74\u4ee5\u6765\u9996\u6b21\u6536\u7f29\uff0c\u4f46\u9ad8\u6d88\u8d39\u6c34\u5e73\u7684\u6301\u7eed\uff0c\u4ee5\u53ca\u5173\u952e\u4e9a\u6d32\u5e02\u573a\u9884\u8ba1\u7684\u751f\u4ea7\u589e\u957f\uff0c\u786e\u4fdd\u4e86\u70ed\u7164\u51fa\u53e3\u7684\u6301\u7eed\u9700\u6c42\u53ef\u89c1\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e1c\u5357\u4e9a\u7535\u529b\u9700\u6c42\u53ca\u4f4e\u4ef7\u683c\u521b\u9020\u533a\u57df\u987a\u98ce\u3002<\/strong>\u9a6c\u6765\u897f\u4e9a\u8fc5\u731b\u589e\u957f\u7684\u7164\u7535\u4ea7\u51fa\u4e3a\u5929\u7136\u7164\u77ff\u96c6\u56e2\u63d0\u4f9b\u4e86\u663e\u8457\u7684\u533a\u57df\u9700\u6c42\u9a71\u52a8\u56e0\u7d20\u3002\u57282025\u5e74\u4e0a\u534a\u5e74\uff0c\u9a6c\u6765\u897f\u4e9a\u7684\u7164\u70ad\u8fdb\u53e3\u8fbe\u5230\u4e862090\u4e07\u5428\u7684\u5386\u53f2\u65b0\u9ad8\uff0c\u4e3b\u8981\u53d7\u5230\u6570\u636e\u4e2d\u5fc3\u7b49\u80fd\u6e90\u5bc6\u96c6\u578b\u884c\u4e1a\u7535\u529b\u9700\u6c42\u5feb\u901f\u589e\u957f\u7684\u63a8\u52a8\u3002\u968f\u7740\u7164\u70ad\u4ef7\u683c\u56de\u843d\u81f32021\u5e74\u521d\u7684\u6c34\u5e73\uff0c\u4e14\u6bd4\u5929\u7136\u6c14\u4fbf\u5b9c\u8fd140%\uff0c\u516c\u7528\u4e8b\u4e1a\u516c\u53f8\u66f4\u503e\u5411\u4e8e\u4f7f\u7528\u7164\u70ad\u800c\u975e\u6db2\u5316\u5929\u7136\u6c14\uff08LNG\uff09\uff0c\u8fdb\u4e00\u6b65\u63d0\u5347\u4e86\u8fdb\u53e3\u9700\u6c42\u3002\u7164\u70ad\u5728\u9a6c\u6765\u897f\u4e9a\u7535\u529b\u7ed3\u6784\u4e2d\u7684\u5360\u6bd4\u5df2\u6500\u5347\u81f3\u8fd160%\uff0c\u4e3a\u77ed\u671f\u81f3\u4e2d\u671f\u7684\u6301\u7eed\u9700\u6c42\u5960\u5b9a\u4e86\u57fa\u7840\u3002\u5bf9\u4e8e\u5929\u7136\u7164\u77ff\u96c6\u56e2\u800c\u8a00\uff0c\u51ed\u501f\u4e0e\u4e1c\u5357\u4e9a\u4e70\u5bb6\u7684\u63a5\u8fd1\uff0c\u8fd9\u4e9b\u6761\u4ef6\u63d0\u5347\u4e86\u5b9a\u4ef7\u7ade\u4e89\u529b\u548c\u9500\u552e\u91cf\uff0c\u5373\u4f7f\u5728\u5168\u7403\u4f9b\u5e94\u8fc7\u5269\u7684\u5e02\u573a\u4e2d\u3002<br>  <\/li>\n\n\n\n<li><strong>\u57fa\u7840\u8bbe\u65bd\u6269\u5c55\u5c06\u63d0\u5347\u5229\u6da6\u7387\u3002<\/strong>1.5\u4ebf\u7f8e\u5143\u7684MBJ\u7efc\u5408\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u9884\u8ba1\u57282026\u5e74\u4e0a\u534a\u5e74\u5b8c\u6210\u3002\u8be5\u9879\u76ee\u5305\u62ec\u4e00\u676192\u516c\u91cc\u7684\u8fd0\u8f93\u9053\u8def\u548c\u7801\u5934\uff0c\u9884\u8ba1\u5c06\u964d\u4f4e\u8fd0\u8f93\u6210\u672c\u8d85\u8fc710\u7f8e\u5143\/\u5428\uff0c\u5e76\u5c06\u4ea7\u80fd\u7ffb\u500d\u81f3\u6bcf\u5e742500\u4e07\u5428\u3002\u6b64\u5916\uff0c\u57fa\u7840\u8bbe\u65bd\u7684\u7b2c\u4e09\u65b9\u79df\u8d41\u5c06\u521b\u9020\u65b0\u7684\u6536\u5165\u6765\u6e90\uff0c\u589e\u5f3a\u957f\u671f\u73b0\u91d1\u6d41\u548c\u76c8\u5229\u80fd\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u5929\u7136\u7164\u77ff\u96c6\u56e2\u62a5\u544a2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a1.664\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f68%\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a9900\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u4ea7\u91cf\u548c\u9500\u552e\u91cf\u7684\u589e\u52a0\uff0c\u62b5\u6d88\u4e86\u5e73\u5747\u9500\u552e\u4ef7\u683c\u7684\u4e0b\u964d\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f63%\uff0c\u8fbe\u52301410\u4e07\u7f8e\u5143\u3002\u6bcf\u5428\u73b0\u91d1\u5229\u6da6\u4ece13.18\u7f8e\u5143\u964d\u81f311.16\u7f8e\u5143\u3002\u6bcf\u80a1\u6d3e\u53d10.25\u65b0\u52a0\u5761\u5206\u7684\u4e2d\u671f\u80a1\u606f\u540c\u6bd4\u589e\u52a025%\uff0c\u610f\u5473\u774019%\u7684\u80a1\u606f\u652f\u4ed8\u6bd4\u7387\uff0c\u516c\u53f8\u4ecd\u81f4\u529b\u4e8e\u5168\u5e7430%\u7684\u80a1\u606f\u653f\u7b56\uff0c\u589e\u5f3a\u4e86\u7ba1\u7406\u5c42\u5bf9\u957f\u671f\u589e\u957f\u7684\u4fe1\u5fc3\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-73879\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-white-tex-12.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\/08\/a-blue-and-white-rectangular-object-with-white-tex-12.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-white-tex-12-300x64.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=\"1112\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-variety-of-lines-ai-generated-c-1.jpeg\" alt=\"A graph showing a variety of lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-73880\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-variety-of-lines-ai-generated-c-1.jpeg 1112w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-variety-of-lines-ai-generated-c-1-300x155.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-variety-of-lines-ai-generated-c-1-1024x529.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-variety-of-lines-ai-generated-c-1-768x397.jpeg 768w\" sizes=\"(max-width: 1112px) 100vw, 1112px\" \/><\/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\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"160\" 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\/08\/a-long-line-of-a-white-background-description-aut-7.jpeg\" class=\"wp-image-73881\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-white-background-description-aut-7.jpeg 752w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-white-background-description-aut-7-300x64.jpeg 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/figure><strong> <\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65<\/strong><br>  <\/li>\n\n\n\n<li>CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6570\u636e\u4e2d\u5fc3\u6269\u5f20\u5e26\u6765\u7684\u6218\u7565\u987a\u98ce\u3002<\/strong>CSE\u5168\u7403\u7ee7\u7eed\u5de9\u56fa\u5176\u5728\u84ec\u52c3\u53d1\u5c55\u7684\u6570\u636e\u4e2d\u5fc3\u9886\u57df\u7684\u5730\u4f4d\uff0c\u4e0e\u7f8e\u56fd\u7684\u4e00\u5bb6\u4e3b\u8981\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\u7b7e\u8ba2\u4e864600\u4e07\u7f8e\u5143\u7684\u5408\u540c\u53d8\u66f4\u3002\u8be5\u6269\u5c55\u4e3b\u8981\u805a\u7126\u4e8e\u7535\u529b\u7ba1\u7406\u7cfb\u7edf\u96c6\u6210\uff0c\u9884\u8ba1\u5c06\u57282025\u8d22\u5e74\u548c2026\u8d22\u5e74\u63d0\u5347\u8d22\u52a1\u8868\u73b0\u3002\u96c6\u56e2\u7684\u7535\u6c14\u5316\u548c\u901a\u4fe1\u90e8\u95e8\u5728\u7b2c\u4e8c\u5b63\u5ea6\u7684\u65b0\u8ba2\u5355\u4e2d\u9886\u5148\uff0c\u5171\u540c\u8d21\u732e\u4e8679%\u7684\u603b\u8ba2\u5355\u91cf\u3002\u9996\u5e2d\u6267\u884c\u5b98\u5f3a\u8c03\u516c\u53f8\u5411\u9ad8\u589e\u957f\u57fa\u7840\u8bbe\u65bd\u548c\u6570\u636e\u4e2d\u5fc3\u9879\u76ee\u7684\u8f6c\u578b\uff0c\u8fd9\u5728\u5168\u7403\u6570\u5b57\u5316\u8f6c\u578b\u4e2d\u65e5\u76ca\u91cd\u8981\u3002\u9ea6\u80af\u9521\u4f30\u8ba1\uff0c\u52302030\u5e74\uff0c\u5168\u7403\u6570\u636e\u4e2d\u5fc3\u5c06\u9700\u89816.7\u4e07\u4ebf\u7f8e\u5143\u7684\u6295\u8d44\uff0cAI\u5de5\u4f5c\u8d1f\u8f7d\u7684\u5bb9\u91cf\u9884\u8ba1\u5c06\u589e\u52a03.5\u500d\uff0c\u5360\u603b\u9700\u6c42\u768470%\u3002\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0c\u5c3d\u7ba1\u5176\u81ea\u52a8\u5316\u548c\u6c34\u52a1\u76f8\u5173\u4e1a\u52a1\u90e8\u95e8\u6574\u4f53\u75b2\u8f6f\uff0cCSE\u5168\u7403\u4ecd\u5904\u4e8e\u957f\u671f\u53ef\u6301\u7eed\u3001\u53ef\u6269\u5c55\u589e\u957f\u7684\u826f\u597d\u4f4d\u7f6e\u3002<br>  <\/li>\n\n\n\n<li><strong>\u63d0\u5347\u8d44\u672c\u6548\u7387\u3002<\/strong>\u5728\u8bbe\u5907\u6210\u672c\u4e0a\u5347\u548c\u5173\u7a0e\u9006\u98ce\u7684\u80cc\u666f\u4e0b\uff0cCSE\u5168\u7403\u901a\u8fc7\u5c06\u91cd\u70b9\u8f6c\u5411\u9ad8\u589e\u957f\u3001\u9ad8\u56de\u62a5\u7684\u6570\u636e\u4e2d\u5fc3\u548c\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u540c\u65f6\u64a4\u56de\u5229\u6da6\u8f83\u4f4e\u7684\u7f8e\u56fd\u6c34\u9879\u76ee\uff0c\u5c55\u73b0\u4e86\u8d44\u672c\u7eaa\u5f8b\u3002\u5c3d\u7ba1\u6574\u4f53\u8ba2\u5355\u91cf\u540c\u6bd4\u4e0b\u964d17.1%\uff0c\u8fbe\u52305.738\u4ebf\u65b0\u52a0\u5761\u5143\uff0c\u4f46CSE\u5168\u7403\u7684\u7b2c\u4e8c\u5b63\u5ea6\u8ba2\u5355\u8d62\u5f97\u989d\u4e0a\u5347\u81f32.113\u4ebf\u65b0\u52a0\u5761\u5143\uff0c\u5f97\u76ca\u4e8e\u7535\u6c14\u5316\u548c\u901a\u4fe1\u9886\u57df\u7684\u5f3a\u52b2\u9700\u6c42\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u4e0e\u4e3b\u8981\u6570\u636e\u4e2d\u5fc3\u9879\u76ee\u76f8\u5173\u7684\u5148\u8fdb\u901a\u4fe1\u7f51\u7edc\u7684\u65b0\u5408\u540c\u9884\u8ba1\u5c06\u57282028\u5e74\u524d\u6267\u884c\uff0c\u51f8\u663e\u4e86\u5f3a\u5927\u7684\u672a\u6765\u6536\u5165\u7ba1\u9053\u3002\u5c3d\u7ba1\u7531\u4e8e\u5173\u7a0e\u5f71\u54cd\u8bbe\u5907\u6210\u672c\uff0c\u5229\u6da6\u538b\u529b\u4f9d\u7136\u5b58\u5728\uff0c\u4f46CSE\u5728\u9ad8\u4ef7\u503c\u9886\u57df\u7684\u4e13\u6ce8\u63d0\u5347\u4e86\u8425\u8fd0\u8d44\u91d1\u6548\u7387\uff0c\u62b5\u6d88\u4e86\u77ed\u671f\u6536\u76ca\u7684\u62d6\u7d2f\u3002\u8fd9\u4f7f\u516c\u53f8\u80fd\u591f\u5728AI\u9a71\u52a8\u7684\u8ba1\u7b97\u5468\u671f\u4e2d\u6355\u6349\u4e0a\u884c\u673a\u4f1a\uff0c\u540c\u65f6\u51cf\u8f7b\u5728\u5229\u6da6\u654f\u611f\u7684\u5b8f\u89c2\u7ecf\u6d4e\u73af\u5883\u4e2d\u7684\u77ed\u671f\u6ce2\u52a8\u3002<br>  <\/li>\n\n\n\n<li><strong>2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u516c\u53f8\u62a5\u544a2024\u8d22\u5e74\u603b\u6536\u5165\u4e3a8.612\u4ebf\u65b0\u52a0\u5761\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u52a0\u5761\u5143\u3002\u8fd9\u4e00\u589e\u957f\u4e3b\u8981\u5f52\u56e0\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u589e\u5e45\u8fbe\u523030.0%\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f16.9%\uff0c\u8fbe\u52302630\u4e07\u65b0\u52a0\u5761\u5143\uff0c\u5c3d\u7ba1\u67091040\u4e07\u65b0\u52a0\u5761\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u52a0\u5761\u5143\u3002\u96c6\u56e2\u7684\u6bcf\u80a1\u6536\u76ca\u57282024\u8d22\u5e74\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u76841.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u516c\u53f82024\u8d22\u5e74\u7684\u603b\u80a1\u606f\u964d\u81f32.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u76842.75\u65b0\u52a0\u5761\u5206\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-73882\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-white-tex-13.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\/08\/a-blue-and-white-rectangular-object-with-white-tex-13.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-white-tex-13-300x64.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=\"1190\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-with-green-and-red-lines-ai-generated-con-9.jpeg\" alt=\"A graph with green and red lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-73883\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-with-green-and-red-lines-ai-generated-con-9.jpeg 1190w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-with-green-and-red-lines-ai-generated-con-9-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-with-green-and-red-lines-ai-generated-con-9-1024x495.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-with-green-and-red-lines-ai-generated-con-9-768x371.jpeg 768w\" sizes=\"(max-width: 1190px) 100vw, 1190px\" \/><\/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\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-13.png\" class=\"wp-image-73884\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-13-300x64.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\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-14.png\" class=\"wp-image-73885\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><a id=\"post-73840-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40<\/strong><br>  <\/li>\n\n\n\n<li>\u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u6295\u8d44\u63a7\u80a1\u516c\u53f8\uff0c\u4e3b\u8981\u4ece\u4e8b\u534a\u5bfc\u4f53\u4ea7\u54c1\u7684\u5236\u9020\u548c\u9500\u552e\u3002\u516c\u53f8\u7684\u4e3b\u8981\u4e1a\u52a1\u662f\u4e3a\u591a\u6837\u5316\u7684\u4e13\u4e1a\u5de5\u827a\u5e73\u53f0\u63d0\u4f9b\u6676\u5706\u4ee3\u5de5\u548c\u652f\u6301\u670d\u52a1\uff0c\u5305\u62ec\u5d4c\u5165\u5f0f\/\u72ec\u7acb\u975e\u6613\u5931\u6027\u5b58\u50a8\u5668\u3001\u7535\u6e90\u5206\u7acb\u5668\u4ef6\u3001\u6a21\u62df\u548c\u7535\u6e90\u7ba1\u7406\u3001\u903b\u8f91\u548c\u5c04\u9891\uff08RF\uff09\u7b49\u3002\u516c\u53f8\u7684\u4ea7\u54c1\u7ec8\u7aef\u5e02\u573a\u5305\u62ec\u6d88\u8d39\u7535\u5b50\u3001\u5de5\u4e1a\u548c\u6c7d\u8f66\u7535\u5b50\u3001\u901a\u4fe1\u4ea7\u54c1\u548c\u8ba1\u7b97\u673a\u3002\u516c\u53f8\u8fd8\u4ece\u4e8b\u623f\u5730\u4ea7\u5f00\u53d1\u548c\u79df\u8d41\u4e1a\u52a1\uff0c\u4e1a\u52a1\u904d\u53ca\u56fd\u5185\u548c\u6d77\u5916\u5e02\u573a\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5f3a\u52b2\u7684\u8d22\u52a1\u52bf\u5934\u6e90\u4e8e\u4ea7\u80fd\u5229\u7528\u7387\u63d0\u5347\u3002<\/strong>\u534e\u8679\u534a\u5bfc\u4f53\u57282025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8868\u73b0\u7a33\u5065\uff0c\u6536\u5165\u540c\u6bd4\u589e\u957f18.3%\uff0c\u8fbe\u52305.661\u4ebf\u7f8e\u5143\uff0c\u6bdb\u5229\u7387\u63d0\u5347\u81f310.9%\u3002\u589e\u957f\u5f97\u76ca\u4e8e\u6676\u5706\u51fa\u8d27\u91cf\u589e\u52a0\u3001\u5e73\u5747\u9500\u552e\u4ef7\u683c\u63d0\u9ad8\uff0c\u4ee5\u53ca\u521b\u7eaa\u5f55\u7684108.3%\u4ea7\u80fd\u5229\u7528\u7387\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u73af\u6bd4\u6fc0\u589e112%\uff0c\u53cd\u6620\u51fa\u8fd0\u8425\u6548\u7387\u7684\u63d0\u5347\u3001\u5916\u6c47\u635f\u5931\u7684\u51cf\u5c11\u4ee5\u53ca\u66f4\u5f3a\u7684\u653f\u5e9c\u8865\u8d34\u3002\u516c\u53f8\u7684\u6218\u7565\u6295\u8d44\uff0c\u7279\u522b\u662f\u5728\u6269\u5927\u65e0\u9521\u65b012\u82f1\u5bf8\u751f\u4ea7\u7ebf\u65b9\u9762\uff0c\u6b63\u4e3a\u5176\u5728PMIC\u3001\u6a21\u62df\u548c\u8d85\u7ed3MOSFET\u7b49\u4e13\u4e1a\u6280\u672f\u9886\u57df\u7684\u6301\u7eed\u589e\u957f\u5960\u5b9a\u57fa\u7840\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u7b2c\u4e09\u5b63\u5ea6\u6536\u5165\u6307\u5f15\u5c06\u8fbe\u52306.4\u4ebf\u7f8e\u5143\uff0c\u4e13\u6ce8\u4e8e\u5de5\u827a\u4f18\u5316\u548c\u4ea7\u54c1\u7ec4\u5408\u591a\u6837\u5316\uff0c\u9884\u8ba1\u5c06\u63a8\u52a8\u5173\u952e\u8fd0\u8425\u6307\u6807\u7684\u6301\u7eed\u6539\u5584\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5bf9\u7f8e\u56fd\u5173\u7a0e\u7684\u5f71\u54cd\u6700\u5c0f\uff0c\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u4e2d\u56fd\u9700\u6c42\u3002<\/strong>\u5c3d\u7ba1\u7f8e\u56fd\u534a\u5bfc\u4f53\u5173\u7a0e\u5bf9\u5168\u7403\u4f9b\u5e94\u94fe\u7684\u90e8\u5206\u9886\u57df\u9020\u6210\u4e86\u51b2\u51fb\uff0c\u534e\u8679\u7684\u5546\u4e1a\u6a21\u5f0f\u57fa\u672c\u4e0a\u662f\u9694\u79bb\u7684\u3002\u57282025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u6765\u81ea\u7f8e\u56fd\u7684\u6536\u5165\u4ec5\u5360\u603b\u6536\u5165\u76849.4%\uff0c\u800c\u4e2d\u56fd\u8d21\u732e\u4e86\u5360\u4e3b\u5bfc\u5730\u4f4d\u768483%\uff0c\u8fd9\u4e00\u7ec6\u5206\u5e02\u573a\u5728\u5f3a\u52b2\u7684\u56fd\u5185\u9700\u6c42\u4e0b\u540c\u6bd4\u589e\u957f21.8%\u3002\u5373\u4f7f\u7531\u4e8e\u5173\u7a0e\u76f8\u5173\u7684\u9006\u98ce\u5bfc\u81f4\u7f8e\u56fd\u9500\u552e\u4e0b\u964d\uff0c\u8fd9\u4e00\u5f71\u54cd\u4e5f\u53ef\u80fd\u88ab\u4e2d\u56fd\u5bf9\u5d4c\u5165\u5f0fNVM\u3001\u6a21\u62df\u548c\u7535\u6e90\u5206\u7acb\u4ea7\u54c1\u7684\u5f3a\u52b2\u9700\u6c42\u4ee5\u53ca\u65e5\u76ca\u589e\u957f\u7684\u5de5\u4e1a\u548c\u6c7d\u8f66\u5e94\u7528\u6240\u62b5\u6d88\u3002\u534e\u8679\u4e0e\u56fd\u5185\u5ba2\u6237\u7684\u6218\u7565\u5bf9\u63a5\u4ee5\u53ca\u5bf9\u4e13\u4e1a\u6280\u672f\u7ec6\u5206\u5e02\u573a\u7684\u5173\u6ce8\uff0c\u964d\u4f4e\u4e86\u5176\u5bf9\u534e\u76db\u987f\u653f\u7b56\u53d8\u5316\u7684\u8106\u5f31\u6027\u3002\u5728\u4f9b\u5e94\u94fe\u533a\u57df\u5316\u52a0\u901f\u7684\u73af\u5883\u4e2d\uff0c\u516c\u53f8\u5177\u5907\u5145\u5206\u7684\u6761\u4ef6\u5229\u7528\u4e2d\u56fd\u5e9e\u5927\u4e14\u4e0d\u65ad\u589e\u957f\u7684\u534a\u5bfc\u4f53\u5e02\u573a\u4f5c\u4e3a\u4e3b\u8981\u589e\u957f\u5f15\u64ce\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f18.3%\uff0c\u8fbe\u52305.661\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u5728\u7b2c\u4e8c\u5b63\u5ea6\u589e\u957f19.2%\uff0c\u8fbe\u5230800\u4e07\u7f8e\u5143\uff0c\u8f83\u7b2c\u4e00\u5b63\u5ea6\u589e\u957f112.1%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u5728\u7b2c\u4e8c\u5b63\u5ea6\u4e0a\u534725%\uff0c\u8fbe\u52300.005\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a0.004\u7f8e\u5143\u3002\u5bf9\u4e8e\u7b2c\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u9884\u8ba1\u6536\u5165\u5c06\u7ea6\u4e3a6.2\u4ebf\u81f36.4\u4ebf\u7f8e\u5143\uff0c\u6bdb\u5229\u7387\u5c06\u572810%\u81f312%\u4e4b\u95f4\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-73886\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-10.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-10.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-10-300x64.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=\"1112\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-graph-of-a-stock-market-ai-gene-1.jpeg\" alt=\"A graph showing a graph of a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-73887\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-graph-of-a-stock-market-ai-gene-1.jpeg 1112w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-graph-of-a-stock-market-ai-gene-1-300x155.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-graph-of-a-stock-market-ai-gene-1-1024x529.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-graph-of-a-stock-market-ai-gene-1-768x397.jpeg 768w\" sizes=\"(max-width: 1112px) 100vw, 1112px\" \/><\/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\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-17.png\" class=\"wp-image-73888\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u4e2d\u5e7f\u6838\u7535\u529b\u80a1\u4efd\u6709\u9650\u516c\u53f8 (1816 HK)\uff1a\u5728\u80fd\u6e90\u9700\u6c42\u548c\u6838\u80fd\u521b\u65b0\u4e2d\u84c4\u52bf\u5f85\u53d1<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a2.98\uff0c\u76ee\u6807\u4ef7\uff1a3.40\uff0c\u6b62\u635f\u4ef7\uff1a2.77<\/strong><br>  <\/li>\n\n\n\n<li>\u4e2d\u5e7f\u6838\u7535\u529b\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u603b\u90e8\u4f4d\u4e8e\u4e2d\u56fd\u7684\u516c\u53f8\uff0c\u4e3b\u8981\u4ece\u4e8b\u7535\u529b\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u516c\u53f8\u4e3b\u8981\u901a\u8fc7\u4e24\u4e2a\u4e1a\u52a1\u677f\u5757\u8fd0\u8425\u3002\u6838\u7535\u4e1a\u52a1\u8fd0\u8425\u3001\u53d1\u7535\u9500\u552e\u53ca\u76f8\u5173\u6280\u672f\u670d\u52a1\u677f\u5757\u4e3b\u8981\u4ece\u4e8b\u6838\u7535\u7ad9\u7684\u5efa\u8bbe\u3001\u8fd0\u8425\u548c\u7ba1\u7406\uff0c\u9500\u552e\u7531\u8fd9\u4e9b\u6838\u7535\u7ad9\u4ea7\u751f\u7684\u7535\u529b\uff0c\u4ee5\u53ca\u7ec4\u7ec7\u6838\u7535\u7ad9\u5f00\u53d1\u7684\u8bbe\u8ba1\u548c\u79d1\u7814\u5de5\u4f5c\u3002\u5de5\u7a0b\u5efa\u8bbe\u53ca\u76f8\u5173\u6280\u672f\u670d\u52a1\u677f\u5757\u4e3b\u8981\u4ece\u4e8b\u6838\u7535\u7ad9\u5de5\u7a0b\u9879\u76ee\u7684\u5efa\u8bbe\u548c\u7ba1\u7406\uff0c\u5e76\u63d0\u4f9b\u65bd\u5de5\u5b89\u88c5\u548c\u8bbe\u8ba1\u670d\u52a1\u3002\u516c\u53f8\u8fd8\u4ece\u4e8b\u6838\u5e9f\u6599\u5904\u7406\u3001\u76f8\u5173\u6295\u8d44\u548c\u8fdb\u51fa\u53e3\u4e1a\u52a1\u3001\u5546\u54c1\u9500\u552e\u53ca\u5176\u4ed6\u4e1a\u52a1\uff0c\u4ee5\u53ca\u63d0\u4f9b\u52b3\u52a1\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u590f\u5b63\u70ed\u6d6a\u523a\u6fc0\u7535\u529b\u6d88\u8d39\u3002<\/strong>\u4e2d\u56fd\u6700\u8fd1\u7684\u590f\u5b63\u7ecf\u5386\u4e86\u8fd1\u5e74\u6765\u6700\u5f3a\u70c8\u7684\u70ed\u6d6a\u4e4b\u4e00\uff0c\u6cb3\u5357\u3001\u6cb3\u5317\u548c\u9655\u897f\u7b49\u4e3b\u8981\u7701\u4efd\u7684\u6c14\u6e29\u8d85\u8fc740\u00b0C\u3002\u90d1\u5dde\u548c\u897f\u5b89\u7b49\u57ce\u5e02\u7ecf\u5386\u4e86\u6301\u7eed\u7684\u6781\u7aef\u9ad8\u6e29\uff0c\u63a8\u52a8\u7535\u529b\u6d88\u8d39\u8fbe\u5230\u5b63\u8282\u6027\u9ad8\u5cf0\uff0c\u7a7a\u8c03\u9700\u6c42\u6fc0\u589e\u3002\u8fd9\u5bf9\u56fd\u5bb6\u7535\u7f51\u9020\u6210\u4e86\u5de8\u5927\u538b\u529b\uff0c\u7a81\u663e\u4e86\u4e2d\u5e7f\u6838\u7535\u529b\u7684\u6838\u7535\u7ad9\u5728\u63d0\u4f9b\u7a33\u5b9a\u3001\u6297\u6c14\u5019\u7535\u529b\u65b9\u9762\u7684\u91cd\u8981\u4f5c\u7528\u3002\u968f\u7740\u6c14\u5019\u6ce2\u52a8\u52a0\u5267\uff0c\u4e2d\u5e7f\u6838\u6709\u671b\u4ece\u5176\u5728\u652f\u6301\u7535\u7f51\u7a33\u5b9a\u548c\u6ee1\u8db3\u5b63\u8282\u6027\u6781\u7aef\u60c5\u51b5\u4e0b\u7535\u529b\u9700\u6c42\u6fc0\u589e\u7684\u89d2\u8272\u4e2d\u53d7\u76ca\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6838\u805a\u53d8\u7528\u94a2\u6750\u7684\u7a81\u7834\u3002<\/strong>\u4e2d\u56fd\u5728\u6838\u805a\u53d8\u6280\u672f\u65b9\u9762\u53d6\u5f97\u4e86\u91cc\u7a0b\u7891\u5f0f\u7684\u8fdb\u5c55\uff0c\u6210\u529f\u5f00\u53d1\u5e76\u5e94\u7528\u4e86CHSN01\uff0c\u4e00\u79cd\u9ad8\u6027\u80fd\u7684\u4f4e\u6e29\u94a2\uff0c\u80fd\u591f\u627f\u53d7\u6781\u7aef\u7684\u78c1\u573a\u548c\u6e29\u5ea6\u6761\u4ef6\u3002\u8be5\u6750\u6599\u7528\u4e8e\u5168\u7403\u9996\u4e2a\u805a\u53d8\u7535\u53cd\u5e94\u5806\u7684\u5efa\u8bbe\uff0c\u5f70\u663e\u4e86\u4e2d\u56fd\u5728\u6750\u6599\u79d1\u5b66\u548c\u4e0b\u4e00\u4ee3\u6838\u80fd\u9886\u57df\u7684\u9886\u5bfc\u5730\u4f4d\u3002\u4e2d\u5e7f\u6838\u7535\u529b\u6709\u671b\u901a\u8fc7\u65e9\u671f\u83b7\u5f97\u8fd9\u4e9b\u56fd\u5185\u7a81\u7834\u7684\u673a\u4f1a\uff0c\u589e\u5f3a\u5176\u5728\u5148\u8fdb\u6838\u9879\u76ee\u4e2d\u7684\u80fd\u529b\uff0c\u5e76\u652f\u6301\u5176\u5411\u66f4\u6e05\u6d01\u3001\u672a\u6765-ready\u80fd\u6e90\u89e3\u51b3\u65b9\u6848\u7684\u957f\u671f\u8f6c\u578b\u3002<br>  <\/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\u6536\u5165\u540c\u6bd4\u589e\u957f4.4%\uff0c\u8fbe\u5230200\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u57282025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e0b\u964d16.1%\uff0c\u4e3a30\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a36\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u6bcf\u80a1\u57fa\u672c\u6536\u76ca\u57282025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u7565\u5fae\u4e0b\u964d\u81f30.060\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e3a0.071\u5143\u4eba\u6c11\u5e01\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-73889\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-11.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-11.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-11-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1173\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-8.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-73890\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-8.jpeg 1173w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-8-300x147.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-8-1024x502.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-8-768x376.jpeg 768w\" sizes=\"(max-width: 1173px) 100vw, 1173px\" \/><\/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\/08\/word-image-73840-20.png\" alt=\"\" class=\"wp-image-73891\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-20.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-20-300x64.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\/08\/word-image-73840-21.png\" alt=\"\" class=\"wp-image-73892\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-21.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-21-300x64.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>\u901a\u7528\u822a\u7a7a (GE US)\uff1a\u5728\u7ecf\u6d4e\u524d\u666f\u75b2\u8f6f\u4e2d\u84c4\u52bf\u5f85\u53d1<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a274 \u76ee\u6807\u4ef7\uff1a300 \u6b62\u635f\u4ef7\uff1a261<\/strong><br>  <\/li>\n\n\n\n<li>\u901a\u7528\u822a\u7a7a\u4f5c\u4e3a\u98de\u673a\u53d1\u52a8\u673a\u4f9b\u5e94\u5546\u8fd0\u8425\u3002\u516c\u53f8\u63d0\u4f9b\u55b7\u6c14\u5f0f\u548c\u6da1\u6868\u53d1\u52a8\u673a\uff0c\u4ee5\u53ca\u5546\u4e1a\u3001\u519b\u4e8b\u3001\u5546\u52a1\u548c\u901a\u7528\u822a\u7a7a\u98de\u673a\u7684\u96c6\u6210\u7cfb\u7edf\u3002\u901a\u7528\u822a\u7a7a\u4e3a\u5168\u7403\u5ba2\u6237\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u55b7\u6c14\u53d1\u52a8\u673a\u9700\u6c42\u548c\u4f9b\u5e94\u94fe\u590d\u82cf\u63a8\u52a8\u8fd0\u8425\u52a8\u529b\u3002<\/strong>\u968f\u7740\u5168\u7403\u5546\u4e1a\u822a\u7a7a\u9700\u6c42\u5728\u75ab\u60c5\u540e\u6301\u7eed\u6b63\u5e38\u5316\uff0c\u901a\u7528\u822a\u7a7a\u5c55\u73b0\u51fa\u5f3a\u52b2\u7684\u6267\u884c\u529b\u3002\u516c\u53f8\u62a5\u544a\u7b2c\u4e8c\u5b63\u5ea6\u603b\u53d1\u52a8\u673a\u4ea4\u4ed8\u91cf\u540c\u6bd4\u6fc0\u589e45%\uff0c\u7528\u4e8e\u7a7a\u5ba2\u548c\u6ce2\u97f3\u7a84\u4f53\u98de\u673a\u7684LEAP\u53d1\u52a8\u673a\u4ea4\u4ed8\u91cf\u589e\u957f38%\u3002\u8fd9\u4e00\u53cd\u5f39\u53cd\u6620\u4e86\u98de\u673a\u751f\u4ea7\u7684\u590d\u82cf\u4ee5\u53ca\u901a\u7528\u822a\u7a7a\u5728\u89e3\u51b3\u4f9b\u5e94\u74f6\u9888\u65b9\u9762\u7684\u6210\u529f\uff0c\u4f9b\u5e94\u5546\u73b0\u5df2\u4ea4\u4ed8\u8d85\u8fc790%\u7684\u627f\u8bfa\u91cf\u3002\u6539\u5584\u7684\u53d1\u52a8\u673a\u4ea7\u91cf\uff0c\u52a0\u4e0a\u8d85\u8fc770%\u7684\u5546\u4e1a\u53d1\u52a8\u673a\u6536\u5165\u6765\u81ea\u5f3a\u52b2\u7684\u552e\u540e\u670d\u52a1\u6536\u5165\uff0c\u652f\u6491\u4e86\u901a\u7528\u822a\u7a7a\u5bf92025\u5e74\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u7684\u4e0a\u8c03\u548c\u957f\u671f\u5229\u6da6\u9884\u6d4b\u3002\u5c3d\u7ba1\u9762\u4e34\u8d38\u6613\u9006\u98ce\uff0c\u5168\u7403\u98de\u673a\u8d77\u98de\u91cf\u9884\u8ba1\u5c06\u9002\u5ea6\u589e\u957f\uff0c\u901a\u7528\u822a\u7a7a\u5c06\u8fd0\u8425\u6536\u76ca\u8f6c\u5316\u4e3a\u76c8\u5229\u80fd\u529b\u7684\u80fd\u529b\u663e\u793a\u51fa\u5728\u7f8e\u56fd\u5b8f\u89c2\u73af\u5883\u653e\u7f13\u4e2d\u7684\u97e7\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5168\u7403\u822a\u7a7a\u9700\u6c42\u7684\u7ed3\u6784\u6027\u987a\u98ce\u652f\u6301\u957f\u671f\u589e\u957f\u3002<\/strong>\u5168\u7403\u5546\u4e1a\u822a\u7a7a\u6b63\u8fdb\u5165\u4e00\u4e2a\u6301\u7eed\u6570\u5341\u5e74\u7684\u8d85\u7ea7\u5468\u671f\uff0c\u8fd9\u4e00\u5468\u671f\u7531\u4e2d\u4ea7\u9636\u7ea7\u6269\u5927\u3001GDP\u589e\u957f\u548c\u57ce\u5e02\u5316\uff0c\u7279\u522b\u662f\u5728\u4e9a\u6d32\u548c\u4e2d\u4e1c\u5730\u533a\u652f\u6491\u3002\u7a7a\u5ba2\u9884\u6d4b\uff0c\u52302044\u5e74\u5168\u7403\u9700\u898143420\u67b6\u65b0\u98de\u673a\uff0c\u5176\u4e2d\u7a84\u4f53\u55b7\u6c14\u673a\u5360\u8d85\u8fc775%\u7684\u9700\u6c42\u3002\u9884\u8ba1\u5ba2\u8fd0\u4ea4\u901a\u5e74\u5747\u589e\u957f3.6%\uff0c\u52302044\u5e74\u5168\u7403\u673a\u961f\u5c06\u7ffb\u500d\uff0c\u901a\u7528\u822a\u7a7a\u5728\u5355\u901a\u9053\u53d1\u52a8\u673a\u5e73\u53f0\u7684\u4e3b\u5bfc\u5730\u4f4d\u548c\u5e7f\u6cdb\u7684\u5df2\u88c5\u673a\u57fa\u7840\u4f7f\u5176\u6210\u4e3a\u4e3b\u8981\u53d7\u76ca\u8005\u3002\u968f\u7740\u822a\u7a7a\u516c\u53f8\u73b0\u4ee3\u5316\u5176\u673a\u961f\u4ee5\u6ee1\u8db3\u65e5\u76ca\u589e\u957f\u7684\u9700\u6c42\u548c\u73af\u5883\u76ee\u6807\uff0c\u901a\u7528\u822a\u7a7a\u5c06\u4ece\u521d\u59cb\u53d1\u52a8\u673a\u9500\u552e\u548c\u9ad8\u5229\u6da6\u7684\u7ef4\u62a4\u5408\u540c\u4e2d\u53d7\u76ca\u3002<br>  <\/li>\n\n\n\n<li><strong>\u901a\u8fc7\u56fd\u9632\u4e1a\u52a1\u548c\u6210\u672c\u63a7\u5236\u5728\u5173\u7a0e\u538b\u529b\u4e0b\u4fdd\u6301\u97e7\u6027\u3002<\/strong>\u968f\u7740\u5168\u7403\u519b\u4e8b\u652f\u51fa\u9884\u8ba1\u57282030\u5e74\u524d\u4ee55%\u7684\u5e74\u590d\u5408\u589e\u957f\u7387\u52a0\u901f\uff0c\u8fbe\u52303.6\u4e07\u4ebf\u7f8e\u5143\uff0c\u901a\u7528\u822a\u7a7a\u7684\u56fd\u9632\u90e8\u95e8\u4e3a\u5546\u4e1a\u822a\u7a7a\u7684\u5468\u671f\u6027\u6ce2\u52a8\u63d0\u4f9b\u4e86\u7a33\u5b9a\u7684\u5bf9\u51b2\u3002\u5176F110\u548cF414\u53d1\u52a8\u673a\u4e3a\u7f8e\u56fd\u53ca\u5176\u76df\u56fd\u7684\u5173\u952e\u5e73\u53f0\u63d0\u4f9b\u52a8\u529b\uff0c\u800c\u4e0d\u65ad\u589e\u957f\u7684\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u63a8\u52a8\u6301\u7eed\u91c7\u8d2d\u3002\u540c\u65f6\uff0c\u901a\u7528\u822a\u7a7a\u6b63\u5728\u79ef\u6781\u51cf\u8f7b\u4e0e\u5173\u7a0e\u76f8\u5173\u7684\u6210\u672c\u538b\u529b\uff0c\u9884\u8ba1\u6bcf\u5e74\u7ea6\u4e3a5\u4ebf\u7f8e\u5143\uff0c\u901a\u8fc7\u63d0\u4ef7\u3001\u6210\u672c\u63a7\u5236\u548c\u4e0e\u5ba2\u6237\u53ca\u653f\u7b56\u5236\u5b9a\u8005\u7684\u79ef\u6781\u8ba8\u8bba\u3002\u516c\u53f8\u8fd8\u5021\u5bfc\u6839\u636e1979\u5e74\u6c11\u7528\u98de\u673a\u534f\u8bae\u6062\u590d\u514d\u7a0e\u822a\u7a7a\u8d38\u6613\u3002\u8fd9\u4e9b\u56e0\u7d20\u5171\u540c\u5f3a\u5316\u4e86\u901a\u7528\u822a\u7a7a\u5728\u9762\u5bf9\u5b8f\u89c2\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\u65f6\u4fdd\u62a4\u5229\u6da6\u548c\u4fdd\u6301\u76c8\u5229\u8d28\u91cf\u7684\u80fd\u529b\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u76ca\u56de\u987e\u3002<\/strong>\u6536\u5165\u540c\u6bd4\u589e\u957f24.1%\uff0c\u8fbe\u5230102\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f6.4\u4ebf\u7f8e\u5143\u3002\u975eGAAP\u6bcf\u80a1\u6536\u76ca\u4e3a1.66\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u6d4b0.23\u7f8e\u5143\u3002\u5bf9\u4e8e\u5168\u5e74\u5ea6\uff0c\u901a\u7528\u822a\u7a7a\u73b0\u5728\u9884\u8ba1\u6bcf\u5e74\u8c03\u6574\u540e\u7684\u6bcf\u80a1\u5229\u6da6\u57285.60\u7f8e\u5143\u81f35.80\u7f8e\u5143\u4e4b\u95f4\uff0c\u800c\u4e4b\u524d\u7684\u9884\u671f\u4e3a5.10\u7f8e\u5143\u81f35.45\u7f8e\u5143\u3002\u5b83\u8fd8\u5c062028\u5e74\u7684\u8fd0\u8425\u5229\u6da6\u9884\u6d4b\u4ece\u7ea6100\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f3\u7ea6115\u4ebf\u7f8e\u5143\u3002\u901a\u7528\u822a\u7a7a\u9884\u8ba1\u4eca\u5e74\u5173\u7a0e\u5c06\u4f7f\u5176\u6210\u672c\u7ea6\u4e3a5\u4ebf\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-12.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-73893\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-12.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-12-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1112\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-9.jpeg\" alt=\"A graph showing a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-73894\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-9.jpeg 1112w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-9-300x155.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-9-1024x529.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-showing-a-stock-market-ai-generated-conte-9-768x397.jpeg 768w\" sizes=\"(max-width: 1112px) 100vw, 1112px\" \/><\/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\" alt=\"A long line of a flag\n\nDescription automatically generated with medium confidence\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-flag-description-automatically-g-7.png\" class=\"wp-image-73895\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-flag-description-automatically-g-7.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-flag-description-automatically-g-7-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-long-line-of-a-flag-description-automatically-g-7-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><strong> <\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u6c83\u5c14\u739b (WMT US)\uff1a\u5728\u7f8e\u56fd\u7ecf\u6d4e\u653e\u7f13\u4e2d\u626e\u6f14\u9632\u5fa1\u6027\u706f\u5854<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a101 \u76ee\u6807\u4ef7\uff1a111 \u6b62\u635f\u4ef7\uff1a96<\/strong><br>  <\/li>\n\n\n\n<li>\u6c83\u5c14\u739b\u516c\u53f8\u7ecf\u8425\u6298\u6263\u5e97\u3001\u8d85\u7ea7\u4e2d\u5fc3\u548c\u793e\u533a\u5e02\u573a\u3002\u516c\u53f8\u63d0\u4f9b\u5546\u54c1\u5305\u62ec\u670d\u88c5\u3001\u5bb6\u5c45\u7528\u54c1\u3001\u5c0f\u578b\u7535\u5668\u3001\u7535\u5b50\u4ea7\u54c1\u3001\u4e50\u5668\u3001\u4e66\u7c4d\u3001\u5bb6\u5c45\u6539\u8fdb\u3001\u978b\u5b50\u3001\u73e0\u5b9d\u3001\u5e7c\u513f\u7528\u54c1\u3001\u6e38\u620f\u3001\u5bb6\u5ead\u5fc5\u9700\u54c1\u3001\u5ba0\u7269\u3001\u836f\u54c1\u3001\u6d3e\u5bf9\u7528\u54c1\u548c\u6c7d\u8f66\u5de5\u5177\u3002\u6c83\u5c14\u739b\u4e3a\u5168\u7403\u5ba2\u6237\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u901a\u8fc7\u5fc5\u9700\u54c1\u96f6\u552e\u548c\u7ecf\u5e38\u6027\u6536\u5165\u5b9e\u73b0\u7a33\u5b9a\u3002<\/strong>\u968f\u7740\u7f8e\u56fd\u7ecf\u6d4e\u663e\u793a\u51fa\u653e\u7f13\u7684\u8ff9\u8c61\uff0c\u52b3\u52a8\u5e02\u573a\u6570\u636e\u75b2\u5f31\u3001\u5931\u4e1a\u6551\u6d4e\u7533\u8bf7\u4e0a\u5347\u4ee5\u53ca\u5bf9\u7f8e\u8054\u50a8\u964d\u606f\u7684\u9884\u671f\u589e\u52a0\uff0c\u6c83\u5c14\u739b\u4f5c\u4e3a\u57fa\u7840\u6d88\u8d39\u96f6\u552e\u5546\u7684\u5730\u4f4d\u63d0\u4f9b\u4e86\u9632\u5fa1\u6027\u529b\u91cf\u3002\u51ed\u501f\u9ad8\u5bb6\u5ead\u6e17\u900f\u7387\u3001\u5f3a\u52b2\u7684\u5e97\u5185\u548c\u5728\u7ebf\u6d41\u91cf\uff0c\u4ee5\u53ca\u5bf9\u6c83\u5c14\u739b+\u4f1a\u5458\u7684\u65e5\u76ca\u4f9d\u8d56\uff0c7\u6708\u4f1a\u5458\u4eba\u6570\u521b\u4e0b2830\u4e07\u7684\u7eaa\u5f55\uff0c\u6c83\u5c14\u739b\u5728\u7ecf\u6d4e\u5468\u671f\u4e2d\u7ee7\u7eed\u63d0\u4f9b\u7ecf\u5e38\u6027\u3001\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\u3002\u516c\u53f8\u7b2c\u4e00\u5b63\u5ea6\u4f1a\u5458\u6536\u5165\u540c\u6bd4\u589e\u957f14.8%\uff0c\u8fdb\u4e00\u6b65\u652f\u6301\u4e86\u5176\u6536\u5165\u7a33\u5b9a\u6027\uff0c\u4f7f\u6c83\u5c14\u739b\u5728\u4e0d\u786e\u5b9a\u7684\u5e02\u573a\u6761\u4ef6\u4e0b\u6210\u4e3a\u6218\u7565\u652f\u67f1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u901a\u8fc7AI\u9a71\u52a8\u7684\u8f6c\u578b\u589e\u5f3a\u6280\u672f\u62a4\u57ce\u6cb3\u3002<\/strong>\u6c83\u5c14\u739b\u79ef\u6781\u63a8\u51fa\u667a\u80fdAI\u8d85\u7ea7\u4ee3\u7406\uff0c\u4f7f\u516c\u53f8\u5728\u96f6\u552e\u521b\u65b0\u7684\u524d\u6cbf\u3002\u65e8\u5728\u670d\u52a1\u5ba2\u6237\u3001\u5458\u5de5\u3001\u4f9b\u5e94\u5546\u548c\u5f00\u53d1\u8005\uff0c\u8fd9\u4e9bAI\u5de5\u5177\u7b80\u5316\u548c\u81ea\u52a8\u5316\u8d2d\u7269\u3001\u8ba2\u5355\u7ba1\u7406\u548c\u4eba\u529b\u8d44\u6e90\u6d41\u7a0b\u7b49\u4efb\u52a1\u3002\u901a\u8fc7\u5c06AI\u6df1\u5ea6\u5d4c\u5165\u5176\u8fd0\u8425\u4e2d\uff0c\u6c83\u5c14\u739b\u63d0\u5347\u4e86\u8d2d\u7269\u4f53\u9a8c\uff0c\u63d0\u5347\u4e86\u751f\u4ea7\u529b\uff0c\u5e76\u52a0\u5f3a\u4e86\u5176\u957f\u671f\u7535\u5b50\u5546\u52a1\u76ee\u6807\uff0c\u8ba1\u5212\u5728\u4e94\u5e74\u5185\u5c06\u5728\u7ebf\u9500\u552e\u5360\u603b\u6536\u5165\u768450%\u3002\u8fd9\u4e00\u6570\u5b57\u5316\u8f6c\u578b\u63d0\u5347\u4e86\u6548\u7387\uff0c\u4f7f\u6c83\u5c14\u739b\u80fd\u591f\u66f4\u597d\u5730\u4e0e\u4e9a\u9a6c\u900a\u7ade\u4e89\uff0c\u540c\u65f6\u5728\u7ecf\u6d4e\u53d8\u52a8\u4e2d\u4fdd\u6301\u8fd0\u8425\u7075\u6d3b\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5411\u9632\u5fa1\u6027\u884c\u4e1a\u8f6c\u53d8\u3002<\/strong>\u968f\u7740\u5b8f\u89c2\u98ce\u9669\u4e0a\u5347\uff0c\u4ece\u7f8e\u5143\u8d70\u5f31\u548c\u7f8e\u8054\u50a8\u653f\u6cbb\u4e0d\u786e\u5b9a\u6027\u5230\u5c31\u4e1a\u6570\u636e\u6076\u5316\uff0c\u6295\u8d44\u8005\u8d8a\u6765\u8d8a\u591a\u5730\u8f6c\u5411\u9ad8\u8d28\u91cf\u3001\u9632\u5fa1\u6027\u7684\u80a1\u7968\u3002\u6c83\u5c14\u739b\u7684\u89c4\u6a21\u3001\u7a33\u5b9a\u7684\u8868\u73b0\u548c\u80a1\u606f\u7279\u5f81\u4f7f\u5176\u6210\u4e3a\u5bf9\u6297\u5e02\u573a\u6ce2\u52a8\u7684\u5438\u5f15\u529b\u9009\u62e9\u3002\u5728\u6d88\u8d39\u8005\u66f4\u52a0\u5173\u6ce8\u4ef7\u503c\u3001\u5e02\u573a\u504f\u597d\u53ef\u9884\u6d4b\u6027\u7684\u73af\u5883\u4e0b\uff0c\u6295\u8d44\u8005\u4fe1\u5fc3\u4f9d\u7136\u9ad8\u6da8\uff0c\u6c83\u5c14\u739b\u4f5c\u4e3a\u7a33\u5b9a\u548c\u589e\u957f\u7684\u6838\u5fc3\u6301\u6709\u8005\u8131\u9896\u800c\u51fa\u3002<br>  <\/li>\n\n\n\n<li><strong>2026\u5e74\u7b2c\u4e00\u5b63\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f2.5%\uff0c\u8fbe\u52301656\u4ebf\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f17\u4ebf\u7f8e\u5143\u3002\u975eGAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.61\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.03\u7f8e\u5143\u3002\u5bf9\u4e8e\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u516c\u53f8\u9884\u8ba1\u51c0\u9500\u552e\u989d\u5c06\u6bd42025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u76841678\u4ebf\u7f8e\u5143\u589e\u957f3.5%\u81f34.5%\u3002\u5bf9\u4e8e2025\u8d22\u5e74\uff0c\u6c83\u5c14\u739b\u9884\u8ba1\u51c0\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f3%\u81f34%\uff0c\u8c03\u6574\u540e\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a2.50\u81f32.60\u7f8e\u5143\uff0c\u5305\u62ec\u7ea60.05\u7f8e\u5143\u7684\u6c47\u7387\u9006\u98ce\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\/08\/a-blue-and-white-rectangular-object-with-numbers-13.png\" alt=\"A blue and white rectangular object with numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-73896\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-13.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-blue-and-white-rectangular-object-with-numbers-13-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1190\" height=\"575\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-on-a-screen-ai-generated-content-may-be-i-11.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-73897\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-on-a-screen-ai-generated-content-may-be-i-11.jpeg 1190w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-on-a-screen-ai-generated-content-may-be-i-11-300x145.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-on-a-screen-ai-generated-content-may-be-i-11-1024x495.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-graph-on-a-screen-ai-generated-content-may-be-i-11-768x371.jpeg 768w\" sizes=\"(max-width: 1190px) 100vw, 1190px\" \/><\/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-73840-_Hlt181111973\"><\/a><a id=\"post-73840-_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-73840-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-27.png\" class=\"wp-image-73898\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-27.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-27-300x64.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=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-28.png\" alt=\"\" class=\"wp-image-73899\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-28.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/word-image-73840-28-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Add CSE Global Ltd (CSE SP) at S$0.68 and Walmart Inc (WMT US) at US$101.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"545\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-screen-ai-generated-co-10.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-73900\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-screen-ai-generated-co-10.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-screen-ai-generated-co-10-300x173.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/08\/a-screenshot-of-a-computer-screen-ai-generated-co-10-768x444.png 768w\" sizes=\"(max-width: 943px) 100vw, 943px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-71807-_tiry8p5xvcqk\"><\/a><\/h3>\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 \u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f (Source: Bloomberg) \u4e2d\u5e7f\u6838\u7535\u529b\u80a1\u4efd\u6709\u9650\u516c\u53f8 (1816 HK)\uff1a\u5728\u80fd\u6e90\u9700\u6c42\u548c\u6838\u80fd\u521b\u65b0\u4e2d\u84c4\u52bf\u5f85\u53d1 (Source: Bloomberg) \u901a\u7528\u822a\u7a7a (GE US)\uff1a\u5728\u7ecf\u6d4e\u524d\u666f\u75b2\u8f6f\u4e2d\u84c4\u52bf\u5f85\u53d1 (Source: Bloomberg) \u6c83\u5c14\u739b (WMT US)\uff1a\u5728\u7f8e\u56fd\u7ecf\u6d4e\u653e\u7f13\u4e2d\u626e\u6f14\u9632\u5fa1\u6027\u706f\u5854 (Source: Bloomberg) ^ Back To Top Trading Dashboard Update: Add CSE Global Ltd [&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-73840","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 \u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u30022025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f18.3%\uff0c\u8fbe\u52305.661\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u5728\u7b2c\u4e8c\u5b63\u5ea6\u589e\u957f19.2%\uff0c\u8fbe\u5230800\u4e07\u7f8e\u5143\uff0c\u8f83\u7b2c\u4e00\u5b63\u5ea6\u589e\u957f112.1%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u5728\u7b2c\u4e8c\u5b63\u5ea6\u4e0a\u534725%\uff0c\u8fbe\u52300.005\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a0.004\u7f8e\u5143\u3002\u5bf9\u4e8e\u7b2c\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u9884\u8ba1\u6536\u5165\u5c06\u7ea6\u4e3a6.2\u4ebf\u81f36.4\u4ebf\u7f8e\u5143\uff0c\u6bdb\u5229\u7387\u5c06\u572810%\u81f312%\u4e4b\u95f4\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u5e7f\u6838\u7535\u529b\u80a1\u4efd\u6709\u9650\u516c\u53f8 (1816 HK)\uff1a\u5728\u80fd\u6e90\u9700\u6c42\u548c\u6838\u80fd\u521b\u65b0\u4e2d\u84c4\u52bf\u5f85\u53d1 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\/>\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-11-aug-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\u5e748\u670811\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 \u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.370\uff0c\u76ee\u6807\u4ef7\uff1a0.400\uff0c\u6b62\u635f\u4ef7\uff1a0.355 \u5929\u7136\u7164\u77ff\u96c6\u56e2\u662f\u4e00\u5bb6\u7efc\u5408\u7164\u77ff\u4e13\u8425\u516c\u53f8\u3002\u516c\u53f8\u62e5\u6709\u5e76\u8fd0\u8425\u7164\u77ff\uff0c\u5411\u7b2c\u4e09\u65b9\u77ff\u4e3b\u63d0\u4f9b\u77ff\u5c71\u627f\u5305\u670d\u52a1\uff0c\u5e76\u5411\u7164\u70ad\u4ea4\u6613\u5546\u548c\u7164\u70ad\u51fa\u53e3\u516c\u53f8\u9500\u552e\u7164\u70ad\u3002 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\u57fa\u7840\u8bbe\u65bd\u6269\u5c55\u5c06\u63d0\u5347\u5229\u6da6\u7387\u30021.5\u4ebf\u7f8e\u5143\u7684MBJ\u7efc\u5408\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u9884\u8ba1\u57282026\u5e74\u4e0a\u534a\u5e74\u5b8c\u6210\u3002\u8be5\u9879\u76ee\u5305\u62ec\u4e00\u676192\u516c\u91cc\u7684\u8fd0\u8f93\u9053\u8def\u548c\u7801\u5934\uff0c\u9884\u8ba1\u5c06\u964d\u4f4e\u8fd0\u8f93\u6210\u672c\u8d85\u8fc710\u7f8e\u5143\/\u5428\uff0c\u5e76\u5c06\u4ea7\u80fd\u7ffb\u500d\u81f3\u6bcf\u5e742500\u4e07\u5428\u3002\u6b64\u5916\uff0c\u57fa\u7840\u8bbe\u65bd\u7684\u7b2c\u4e09\u65b9\u79df\u8d41\u5c06\u521b\u9020\u65b0\u7684\u6536\u5165\u6765\u6e90\uff0c\u589e\u5f3a\u957f\u671f\u73b0\u91d1\u6d41\u548c\u76c8\u5229\u80fd\u529b\u3002 2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u5929\u7136\u7164\u77ff\u96c6\u56e2\u62a5\u544a2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a1.664\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f68%\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a9900\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u4ea7\u91cf\u548c\u9500\u552e\u91cf\u7684\u589e\u52a0\uff0c\u62b5\u6d88\u4e86\u5e73\u5747\u9500\u552e\u4ef7\u683c\u7684\u4e0b\u964d\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f63%\uff0c\u8fbe\u52301410\u4e07\u7f8e\u5143\u3002\u6bcf\u5428\u73b0\u91d1\u5229\u6da6\u4ece13.18\u7f8e\u5143\u964d\u81f311.16\u7f8e\u5143\u3002\u6bcf\u80a1\u6d3e\u53d10.25\u65b0\u52a0\u5761\u5206\u7684\u4e2d\u671f\u80a1\u606f\u540c\u6bd4\u589e\u52a025%\uff0c\u610f\u5473\u774019%\u7684\u80a1\u606f\u652f\u4ed8\u6bd4\u7387\uff0c\u516c\u53f8\u4ecd\u81f4\u529b\u4e8e\u5168\u5e7430%\u7684\u80a1\u606f\u653f\u7b56\uff0c\u589e\u5f3a\u4e86\u7ba1\u7406\u5c42\u5bf9\u957f\u671f\u589e\u957f\u7684\u4fe1\u5fc3\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u516c\u53f8\u62a5\u544a2024\u8d22\u5e74\u603b\u6536\u5165\u4e3a8.612\u4ebf\u65b0\u52a0\u5761\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u52a0\u5761\u5143\u3002\u8fd9\u4e00\u589e\u957f\u4e3b\u8981\u5f52\u56e0\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u589e\u5e45\u8fbe\u523030.0%\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f16.9%\uff0c\u8fbe\u52302630\u4e07\u65b0\u52a0\u5761\u5143\uff0c\u5c3d\u7ba1\u67091040\u4e07\u65b0\u52a0\u5761\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u52a0\u5761\u5143\u3002\u96c6\u56e2\u7684\u6bcf\u80a1\u6536\u76ca\u57282024\u8d22\u5e74\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u76841.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u516c\u53f82024\u8d22\u5e74\u7684\u603b\u80a1\u606f\u964d\u81f32.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u76842.75\u65b0\u52a0\u5761\u5206\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u30022025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f18.3%\uff0c\u8fbe\u52305.661\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u5728\u7b2c\u4e8c\u5b63\u5ea6\u589e\u957f19.2%\uff0c\u8fbe\u5230800\u4e07\u7f8e\u5143\uff0c\u8f83\u7b2c\u4e00\u5b63\u5ea6\u589e\u957f112.1%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u5728\u7b2c\u4e8c\u5b63\u5ea6\u4e0a\u534725%\uff0c\u8fbe\u52300.005\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a0.004\u7f8e\u5143\u3002\u5bf9\u4e8e\u7b2c\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u9884\u8ba1\u6536\u5165\u5c06\u7ea6\u4e3a6.2\u4ebf\u81f36.4\u4ebf\u7f8e\u5143\uff0c\u6bdb\u5229\u7387\u5c06\u572810%\u81f312%\u4e4b\u95f4\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u5e7f\u6838\u7535\u529b\u80a1\u4efd\u6709\u9650\u516c\u53f8 (1816 HK)\uff1a\u5728\u80fd\u6e90\u9700\u6c42\u548c\u6838\u80fd\u521b\u65b0\u4e2d\u84c4\u52bf\u5f85\u53d1 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| \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.370\uff0c\u76ee\u6807\u4ef7\uff1a0.400\uff0c\u6b62\u635f\u4ef7\uff1a0.355 \u5929\u7136\u7164\u77ff\u96c6\u56e2\u662f\u4e00\u5bb6\u7efc\u5408\u7164\u77ff\u4e13\u8425\u516c\u53f8\u3002\u516c\u53f8\u62e5\u6709\u5e76\u8fd0\u8425\u7164\u77ff\uff0c\u5411\u7b2c\u4e09\u65b9\u77ff\u4e3b\u63d0\u4f9b\u77ff\u5c71\u627f\u5305\u670d\u52a1\uff0c\u5e76\u5411\u7164\u70ad\u4ea4\u6613\u5546\u548c\u7164\u70ad\u51fa\u53e3\u516c\u53f8\u9500\u552e\u7164\u70ad\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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\\u5e02\\u573a\\u5171\\u8bc6 (Source: Bloomberg) \\u534e\\u8679\\u534a\\u5bfc\\u4f53\\u6709\\u9650\\u516c\\u53f8 (1347 HK)\\uff1a\\u5728\\u5168\\u7403\\u8d38\\u6613\\u9006\\u98ce\\u4e2d\\u5b9e\\u73b0\\u97e7\\u6027\\u589e\\u957f \\u4e70\\u5165\\uff1a\\u4e70\\u5165\\u4ef7\\uff1a43\\uff0c\\u76ee\\u6807\\u4ef7\\uff1a49\\uff0c\\u6b62\\u635f\\u4ef7\\uff1a40 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2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u5929\u7136\u7164\u77ff\u96c6\u56e2\u62a5\u544a2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a1.664\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f68%\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a9900\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u4ea7\u91cf\u548c\u9500\u552e\u91cf\u7684\u589e\u52a0\uff0c\u62b5\u6d88\u4e86\u5e73\u5747\u9500\u552e\u4ef7\u683c\u7684\u4e0b\u964d\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f63%\uff0c\u8fbe\u52301410\u4e07\u7f8e\u5143\u3002\u6bcf\u5428\u73b0\u91d1\u5229\u6da6\u4ece13.18\u7f8e\u5143\u964d\u81f311.16\u7f8e\u5143\u3002\u6bcf\u80a1\u6d3e\u53d10.25\u65b0\u52a0\u5761\u5206\u7684\u4e2d\u671f\u80a1\u606f\u540c\u6bd4\u589e\u52a025%\uff0c\u610f\u5473\u774019%\u7684\u80a1\u606f\u652f\u4ed8\u6bd4\u7387\uff0c\u516c\u53f8\u4ecd\u81f4\u529b\u4e8e\u5168\u5e7430%\u7684\u80a1\u606f\u653f\u7b56\uff0c\u589e\u5f3a\u4e86\u7ba1\u7406\u5c42\u5bf9\u957f\u671f\u589e\u957f\u7684\u4fe1\u5fc3\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u56de\u987e\u3002\u5929\u7136\u7164\u77ff\u96c6\u56e2\u62a5\u544a2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a1.664\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f68%\uff0c\u800c2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6536\u5165\u4e3a9900\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u4ea7\u91cf\u548c\u9500\u552e\u91cf\u7684\u589e\u52a0\uff0c\u62b5\u6d88\u4e86\u5e73\u5747\u9500\u552e\u4ef7\u683c\u7684\u4e0b\u964d\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f63%\uff0c\u8fbe\u52301410\u4e07\u7f8e\u5143\u3002\u6bcf\u5428\u73b0\u91d1\u5229\u6da6\u4ece13.18\u7f8e\u5143\u964d\u81f311.16\u7f8e\u5143\u3002\u6bcf\u80a1\u6d3e\u53d10.25\u65b0\u52a0\u5761\u5206\u7684\u4e2d\u671f\u80a1\u606f\u540c\u6bd4\u589e\u52a025%\uff0c\u610f\u5473\u774019%\u7684\u80a1\u606f\u652f\u4ed8\u6bd4\u7387\uff0c\u516c\u53f8\u4ecd\u81f4\u529b\u4e8e\u5168\u5e7430%\u7684\u80a1\u606f\u653f\u7b56\uff0c\u589e\u5f3a\u4e86\u7ba1\u7406\u5c42\u5bf9\u957f\u671f\u589e\u957f\u7684\u4fe1\u5fc3\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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| 2025\u5e748\u670811\u65e5: \u2022 KGI Singapore Research","twitter:description":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u5929\u7136\u7164\u77ff\u96c6\u56e2 (GERL SP)\uff1a\u5229\u7528\u5e02\u573a\u52a8\u6001\u5e94\u5bf9\u5168\u7403\u7164\u70ad\u9700\u6c42\u5e73\u7a33\u7684\u524d\u666f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.370\uff0c\u76ee\u6807\u4ef7\uff1a0.400\uff0c\u6b62\u635f\u4ef7\uff1a0.355 \u5929\u7136\u7164\u77ff\u96c6\u56e2\u662f\u4e00\u5bb6\u7efc\u5408\u7164\u77ff\u4e13\u8425\u516c\u53f8\u3002\u516c\u53f8\u62e5\u6709\u5e76\u8fd0\u8425\u7164\u77ff\uff0c\u5411\u7b2c\u4e09\u65b9\u77ff\u4e3b\u63d0\u4f9b\u77ff\u5c71\u627f\u5305\u670d\u52a1\uff0c\u5e76\u5411\u7164\u70ad\u4ea4\u6613\u5546\u548c\u7164\u70ad\u51fa\u53e3\u516c\u53f8\u9500\u552e\u7164\u70ad\u3002 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\u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CSE\u5168\u7403(CSE SP)\uff1a\u5229\u7528\u6570\u636e\u4e2d\u5fc3\u52bf\u5934\u548c\u6218\u7565\u8ba2\u5355\u589e\u957f \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.68\uff0c\u76ee\u6807\u4ef7\uff1a0.74\uff0c\u6b62\u635f\u4ef7\uff1a0.65 CSE\u5168\u7403\u6709\u9650\u516c\u53f8\u63d0\u4f9b\u7cfb\u7edf\u96c6\u6210\u548c\u4fe1\u606f\u6280\u672f\u89e3\u51b3\u65b9\u6848\u3001\u8ba1\u7b97\u673a\u7f51\u7edc\u7cfb\u7edf\u548c\u5de5\u4e1a\u81ea\u52a8\u5316\u3002\u516c\u53f8\u8fd8\u8bbe\u8ba1\u3001\u5236\u9020\u548c\u5b89\u88c5\u7ba1\u7406\u4fe1\u606f\u7cfb\u7edf\u3002CSE\u5168\u7403\u5f00\u53d1\u3001\u5236\u9020\u548c\u9500\u552e\u7535\u5b50\u53ca\u5fae\u5904\u7406\u5668\u76d1\u6d4b\u8bbe\u5907\u3002 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2024\u8d22\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u516c\u53f8\u62a5\u544a2024\u8d22\u5e74\u603b\u6536\u5165\u4e3a8.612\u4ebf\u65b0\u52a0\u5761\u5143\uff0c\u540c\u6bd4\u589e\u957f18.8%\uff0c\u800c2023\u8d22\u5e74\u4e3a7.251\u4ebf\u65b0\u52a0\u5761\u5143\u3002\u8fd9\u4e00\u589e\u957f\u4e3b\u8981\u5f52\u56e0\u4e8e\u7535\u6c14\u5316\u4e1a\u52a1\u7684\u5f3a\u52b2\u589e\u957f\uff0c\u589e\u5e45\u8fbe\u523030.0%\u3002\u5f52\u5c5e\u4e8e\u80a1\u4e1c\u7684\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f16.9%\uff0c\u8fbe\u52302630\u4e07\u65b0\u52a0\u5761\u5143\uff0c\u5c3d\u7ba1\u67091040\u4e07\u65b0\u52a0\u5761\u5143\u7684\u4e00\u6b21\u6027\u7279\u6b8a\u635f\u5931\uff0c\u800c2023\u8d22\u5e74\u4e3a2250\u4e07\u65b0\u52a0\u5761\u5143\u3002\u96c6\u56e2\u7684\u6bcf\u80a1\u6536\u76ca\u57282024\u8d22\u5e74\u4e3a3.91\u65b0\u52a0\u5761\u5206\uff0c\u800c2023\u8d22\u5e74\u4e3a3.66\u65b0\u52a0\u5761\u5206\u3002CSE\u5168\u7403\u5ba3\u5e032024\u8d22\u5e74\u4e0b\u534a\u5e74\u7684\u6700\u7ec8\u80a1\u606f\u4e3a1.15\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e\u524d\u51e0\u5e74\u76841.5\u65b0\u52a0\u5761\u5206\u3002\u8fd9\u4f7f\u516c\u53f82024\u8d22\u5e74\u7684\u603b\u80a1\u606f\u964d\u81f32.4\u65b0\u52a0\u5761\u5206\uff0c\u4f4e\u4e8e2023\u8d22\u5e74\u76842.75\u65b0\u52a0\u5761\u5206\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u534e\u8679\u534a\u5bfc\u4f53\u6709\u9650\u516c\u53f8 (1347 HK)\uff1a\u5728\u5168\u7403\u8d38\u6613\u9006\u98ce\u4e2d\u5b9e\u73b0\u97e7\u6027\u589e\u957f \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a43\uff0c\u76ee\u6807\u4ef7\uff1a49\uff0c\u6b62\u635f\u4ef7\uff1a40 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