{"id":77205,"date":"2025-09-19T07:00:00","date_gmt":"2025-09-18T23:00:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=77205"},"modified":"2025-09-19T10:11:02","modified_gmt":"2025-09-19T02:11:02","slug":"kgi-daily-trading-ideas-19-sep-2025-zh","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-19-sep-2025-zh\/","title":{"rendered":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e749\u670819\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-77000-_tiry8p5xvcqk\"><\/a>\u7f8e\u56fd<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"2209\" height=\"1058\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-77285\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13.png 2209w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13-300x144.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13-1024x490.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13-768x368.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13-1536x736.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-13-2048x981.png 2048w\" sizes=\"(max-width: 2209px) 100vw, 2209px\" \/><\/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\/09\/word-image-77205-2.png\" alt=\"\" class=\"wp-image-77286\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-2.png 1071w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-2-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-2-1024x262.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-2-768x196.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\/09\/word-image-77205-3.png\" alt=\"\" class=\"wp-image-77287\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-3.png 915w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-3-300x92.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-3-768x237.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\/09\/word-image-77205-4.png\" alt=\"\" class=\"wp-image-77288\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-4-300x64.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-77205-_qqv3rtx8nazp\"><\/a><a id=\"post-77205-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2211\" height=\"1055\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-77289\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14.png 2211w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14-300x143.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14-1024x489.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14-768x366.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14-1536x733.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-screenshot-of-a-computer-screen-ai-generated-co-14-2048x977.png 2048w\" sizes=\"(max-width: 2211px) 100vw, 2211px\" \/><\/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\/09\/word-image-77205-6.png\" alt=\"\" class=\"wp-image-77290\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-6-300x64.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-77291\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-7.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u9999\u6e2f\u7f6e\u5730 (HKL SP): \u5728\u964d\u606f\u73af\u5883\u4e2d\u7684\u6295\u8d44\u7ec4\u5408\u91cd\u65b0\u5b9a\u4f4d<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a6.60\uff0c\u76ee\u6807\u4ef7\uff1a7.20\uff0c\u6b62\u635f\u4ef7\uff1a6.30<\/strong><\/li>\n\n\n\n<li>\u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u4e3b\u8981\u7684\u4e0a\u5e02\u623f\u5730\u4ea7\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u8be5\u96c6\u56e2\u5728\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u4e3b\u8981\u4e9a\u6d32\u57ce\u5e02\u62e5\u6709\u5e76\u7ba1\u7406\u8d85\u8fc7850,000\u5e73\u65b9\u7c73\u7684\u4f18\u8d28\u5199\u5b57\u697c\u548c\u5962\u4f88\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u5f00\u53d1\u4e00\u7cfb\u5217\u9ad8\u54c1\u8d28\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u6df7\u5408\u7528\u9014\u9879\u76ee\uff0c\u5305\u62ec\u5728\u4e0a\u6d77\u897f\u5cb8\u7684\u4e00\u4e2a110\u4e07\u5e73\u65b9\u7c73\u6df7\u5408\u7528\u9014\u9879\u76ee\u4e2d\u6301\u670943%\u7684\u80a1\u4efd\u3002<\/li>\n\n\n\n<li><strong>\u8d44\u672c\u56de\u6536\u4e0e\u8f6c\u578b\u4e3a\u57fa\u91d1\u7ba1\u7406\u3002<\/strong>\u9999\u6e2f\u7f6e\u5730\u6b63\u4ece\u5efa\u9020\u9500\u552e\u6a21\u5f0f\u8f6c\u578b\u4e3a\u8d44\u672c\u56de\u6536\u548c\u57fa\u91d1\u7ba1\u7406\u6a21\u5f0f\uff0c\u76ee\u6807\u52302035\u5e74\u5b9e\u73b0\u9ad8\u8fbe100\u4ebf\u7f8e\u5143\u7684\u8d44\u672c\u56de\u6536\uff0c\u5176\u4e2d60\u4ebf\u7f8e\u5143\u6765\u81ea\u5f00\u53d1\u9879\u76ee\u7684\u7ed3\u675f\uff0c40\u4ebf\u7f8e\u5143\u6765\u81ea\u6295\u8d44\u7269\u4e1a\u7684\u51fa\u552e\u3002\u6240\u5f97\u8d44\u91d1\u5c06\u7528\u4e8e\u6269\u5927\u7b2c\u4e09\u65b9\u8d44\u672c\u5e76\u63d0\u5347\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u7ba1\u7406\u5c42\u8ba1\u5212\u5c06\u8d44\u4ea7\u7ba1\u7406\u89c4\u6a21\u4ece400\u4ebf\u7f8e\u5143\u6269\u5927\u5230\u9ad8\u8fbe1000\u4ebf\u7f8e\u5143\uff0c\u540c\u65f6\u5c06\u7a0e\u524d\u5229\u6da6\u548c\u6bcf\u80a1\u5206\u7ea2\u53cc\u500d\u589e\u957f\u3002\u65b0\u8d44\u672c\u5c06\u96c6\u4e2d\u5728\u4e9a\u6d32\u95e8\u6237\u57ce\u5e02\u7684\u8d85\u9ad8\u7aef\u7efc\u5408\u5546\u4e1a\u8d44\u4ea7\u4e0a\uff0c\u4f18\u8d28\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u652f\u6491\u4e86\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\uff0c\u5e76\u4e0e\u96c6\u56e2\u7684\u6838\u5fc3\u7ade\u4e89\u529b\u76f8\u5339\u914d\u3002<\/li>\n\n\n\n<li><strong>\u53d7\u76ca\u4e8e\u964d\u606f\u7684\u8d44\u4ea7\u53d8\u73b0\u3002<\/strong>\u6700\u8fd1\u7f8e\u8054\u50a8\u964d\u606f25\u4e2a\u57fa\u70b9\u53ef\u80fd\u4f1a\u652f\u6301\u6295\u8d44\u8005\u60c5\u7eea\uff0c\u5e76\u6539\u5584\u8d44\u4ea7\u53d8\u73b0\u7684\u80cc\u666f\u3002\u9999\u6e2f\u7f6e\u5730\u5df2\u901a\u8fc763\u4ebf\u6e2f\u5143\u51fa\u552e\u4ea4\u6613\u5e7f\u573a\uff0c\u8fbe\u6210\u4e86\u517640\u4ebf\u7f8e\u51432027\u5e74\u56de\u6536\u76ee\u6807\u768430%\u3002\u516c\u53f8\u6b63\u5728\u8bc4\u4f30\u5916\u90e8\u5316\u5de5\u5177\uff0c\u5982\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u57fa\u91d1\uff08REITs\uff09\u6216\u79c1\u52df\u57fa\u91d1\uff0c\u4ee5\u5728\u4fdd\u7559\u7ba1\u7406\u63a7\u5236\u6743\u7684\u60c5\u51b5\u4e0b\u8fdb\u884c\u8d44\u4ea7\u56de\u6536\u3002\u6f5c\u5728\u7684\u5265\u79bb\uff0c\u5305\u62ec\u51fa\u552eMCL Land\u6216\u90e8\u5206\u80a1\u4efd\u5728MBFC\u548cOne Raffles Quay\uff0c\u53ef\u80fd\u4f1a\u89e3\u9501\u8fdb\u4e00\u6b65\u7684\u4ef7\u503c\uff0c\u63d0\u4f9b\u8d44\u91d1\u7075\u6d3b\u6027\uff0c\u5e76\u652f\u6301\u6539\u5584\u80a1\u4e1c\u56de\u62a5\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u52a1\u66f4\u65b0\u3002<\/strong>\u9999\u6e2f\u7f6e\u5730\u5b9e\u73b0\u76c8\u5229\uff0c\u5411\u80a1\u4e1c\u4ea4\u4ed82.21\u4ebf\u7f8e\u5143\u7684\u5229\u6da6\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u5219\u4e8f\u635f8. 33\u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u671f\u6bcf\u80a1\u5206\u7ea2\u4fdd\u6301\u57280.06\u7f8e\u5143\uff0c\u4e0e\u53bb\u5e74\u6301\u5e73\u3002\u5bf9\u4e8e2025\u5e74\u4e0b\u534a\u5e74\uff0c\u96c6\u56e2\u9884\u8ba1\u8d21\u732e\u5c06\u53d7\u5230\u9999\u6e2f\u529e\u516c\u79df\u91d1\u4e0b\u6ed1\u548cLANDMARK\u6301\u7eed\u7ffb\u65b0\u5f71\u54cd\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-77292\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-8.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-8.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-8-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"1260\" height=\"574\" class=\"wp-image-77293\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-9.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-9.png 1260w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-9-300x137.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-9-1024x466.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-9-768x350.png 768w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/> (Source: Bloomberg)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"160\" class=\"wp-image-77294\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-long-line-of-a-white-background-description-aut-18.jpeg\" 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\/09\/a-long-line-of-a-white-background-description-aut-18.jpeg 752w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-long-line-of-a-white-background-description-aut-18-300x64.jpeg 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u60a6\u6995\u63a7\u80a1 (BTH SP)\uff1a\u9ec4\u91d1\u673a\u4f1a<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.62\uff0c\u76ee\u6807\u4ef7\uff1a0.70\uff0c\u6b62\u635f\u4ef7\uff1a0.58<\/strong><\/li>\n\n\n\n<li>\u60a6\u6995\u63a7\u80a1\u6709\u9650\u516c\u53f8\u4f5c\u4e3a\u4e00\u5bb6\u63a7\u80a1\u516c\u53f8\u8fd0\u4f5c\u3002\u901a\u8fc7\u5176\u5b50\u516c\u53f8\uff0c\u8be5\u516c\u53f8\u62e5\u6709\u5e76\u7ba1\u7406\u9152\u5e97\u96c6\u56e2\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u9152\u5e97\u3001\u5ea6\u5047\u6751\u3001\u6c34\u7597\u4e2d\u5fc3\u3001\u753b\u5eca\u3001\u9ad8\u5c14\u592b\u7403\u573a\u548c\u4f4f\u5b85\uff0c\u540c\u65f6\u63d0\u4f9b\u6295\u8d44\u3001\u8bbe\u8ba1\u3001\u65bd\u5de5\u548c\u9879\u76ee\u7ba1\u7406\u670d\u52a1\u3002\u60a6\u6995\u63a7\u80a1\u5728\u5168\u7403\u8303\u56f4\u5185\u4e3a\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<\/li>\n\n\n\n<li><strong>\u9884\u8ba1\u4e2d\u56fd\u9ec4\u91d1\u5468\u5e26\u6765\u6fc0\u589e\u3002<\/strong>\u4e2d\u56fd\u5373\u5c06\u5230\u6765\u7684\u56fd\u5e86\u8282\u548c\u4e2d\u79cb\u8282\u9ec4\u91d1\u5468\u5047\u671f\uff0c\u65f6\u95f4\u4ece9\u670829\u65e5\u81f310\u670810\u65e5\uff0c\u9884\u8ba1\u5c06\u6210\u4e3a\u591a\u5e74\u6765\u6700\u7e41\u5fd9\u7684\u65c5\u884c\u5b63\u8282\u4e4b\u4e00\u3002\u9884\u8ba1\u65c5\u5ba2\u51fa\u884c\u5c06\u8d85\u8fc72.19\u4ebf\u4eba\u6b21\uff0c\u94c1\u8def\u8ba1\u5212\u6bcf\u5929\u5f00\u884c\u7ea613,000\u5217\u5ba2\u8fd0\u5217\u8f66\u3002\u5728\u7ebf\u9884\u8ba2\u6570\u636e\u663e\u793a\uff0c\u56fd\u5185\u5916\u65c5\u884c\u7684\u9700\u6c42\u6fc0\u589e\uff0c\u5c0f\u57ce\u5e02\u7684\u9ad8\u7aef\u9152\u5e97\u65e9\u5df2\u5728\u6570\u5468\u524d\u552e\u7f44\u3002\u5bf9\u4e8e\u5728\u4e2d\u56fd\u8fd0\u842534\u5bb6\u9152\u5e97\u3001\u6db5\u76d6\u4e94\u4e2a\u54c1\u724c\u5e76\u5728\u4eca\u5e74\u5f00\u8bbe\u4e94\u5bb6\u65b0\u9152\u5e97\u7684\u60a6\u6995\u63a7\u80a1\u800c\u8a00\uff0c\u9ec4\u91d1\u5468\u7684\u70ed\u6f6e\u5c06\u5e26\u6765\u5373\u65f6\u7684\u5165\u4f4f\u7387\u548c\u6536\u5165\u63d0\u5347\u3002\u968f\u7740\u56fd\u5185\u6e38\u5ba2\u65e5\u76ca\u503e\u5411\u4e8e\u4f53\u9a8c\u5f0f\u548c\u8bbe\u8ba1\u5bfc\u5411\u7684\u4f4f\u5bbf\uff0c\u60a6\u6995\u63a7\u80a1\u5728\u98ce\u666f\u4f18\u7f8e\u3001\u6587\u5316\u4e30\u5bcc\u53ca\u4e8c\u7ebf\u57ce\u5e02\u7684\u5e03\u5c40\u4f7f\u5176\u80fd\u591f\u6293\u4f4f\u4e2d\u56fd\u65c5\u6e38\u4e1a\u590d\u82cf\u7684\u673a\u4f1a\u3002<\/li>\n\n\n\n<li><strong>\u65c5\u6e38\u6fc0\u52b1\u63aa\u65bd\u548c\u52bf\u5934\u7ee7\u7eed\u652f\u6301\u6cf0\u56fd\u65c5\u6e38\u4e1a\u3002<\/strong>\u6cf0\u56fd\u7ee7\u7eed\u53d7\u76ca\u4e8e\u5f3a\u52b2\u7684\u5165\u5883\u65c5\u6e38\uff0c\u4eca\u5e74\u8fc4\u4eca\u5df2\u6709\u8d85\u8fc72200\u4e07\u6e38\u5ba2\uff0c\u5e26\u6765\u8d85\u8fc71\u4e07\u4ebf\u6cf0\u94e2\u7684\u6536\u5165\u3002\u867d\u7136\u653f\u5e9c\u63d0\u8bae\u768420\u4e07\u4e2a\u514d\u8d39\u56fd\u5185\u822a\u73ed\u7968\u65b9\u6848\u5c1a\u5f85\u5185\u9601\u6279\u51c6\uff0c\u4f46\u6cf0\u56fd\u65c5\u6e38\u5c40\uff08TAT\uff09\u627f\u8bfa\u5c06\u6301\u7eed\u652f\u6301\u6b64\u7c7b\u4e3e\u63aa\uff0c\u4ee5\u7ef4\u6301\u9700\u6c42\uff0c\u7279\u522b\u662f\u5411\u4e8c\u7ebf\u57ce\u5e02\u7684\u9700\u6c42\u3002\u540c\u65f6\uff0cTAT\u9884\u8ba1\u9ec4\u91d1\u5468\u548c\u6392\u706f\u8282\u5c06\u8fdb\u4e00\u6b65\u63a8\u52a8\u6cf0\u56fd\u7684\u56fd\u9645\u65c5\u6e38\u3002\u968f\u7740\u9ad8\u5cf0\u5b63\u8282\u7684\u673a\u7968\u4ef7\u683c\u4e0a\u6da8\uff0c\u4efb\u4f55\u6279\u51c6\u7684\u8865\u8d34\u5c06\u8fdb\u4e00\u6b65\u523a\u6fc0\u56fd\u5185\u51fa\u884c\uff0c\u589e\u5f3a\u60a6\u6995\u63a7\u80a1\u7b49\u9152\u5e97\u96c6\u56e2\u7684\u524d\u666f\uff0c\u8fd9\u4e9b\u96c6\u56e2\u5c06\u4ece\u56fd\u9645\u6e38\u5ba2\u548c\u5730\u65b9\u65c5\u884c\u6fc0\u52b1\u4e2d\u53d7\u76ca\u3002<\/li>\n\n\n\n<li><strong>\u65c5\u884c\u9700\u6c42\u97e7\u6027\u5f3a\u52b2\u3002<\/strong>\u60a6\u6995\u63a7\u80a12025\u5e74\u4e0a\u534a\u5e74\u7ecf\u8425\u5229\u6da6\u540c\u6bd4\u589e\u957f21%\uff0c\u8fbe\u52304330\u4e07\u65b0\u5143\uff0c\u7a81\u663e\u51fa\u4e9a\u6d32\u65c5\u6e38\u590d\u82cf\u7684\u97e7\u6027\uff0c\u5f97\u76ca\u4e8e\u8be5\u5730\u533a\u822a\u7a7a\u80fd\u529b\u7684\u5f3a\u52b2\u589e\u957f\u3002\u6839\u636eOAG\u822a\u7a7a\u516c\u53f8\u7684\u6570\u636e\uff0c\u4e1c\u5357\u4e9a\u6574\u4f53\u822a\u7a7a\u516c\u53f8\u8fd0\u529b\u57289\u6708\u4efd\u540c\u6bd4\u589e\u957f3.3%\uff0c\u8fbe\u52304760\u4e07\u4e2a\u5ea7\u4f4d\uff0c\u56fd\u9645\u65c5\u884c\u589e\u901f\u8d85\u8fc7\u56fd\u5185\u65c5\u884c\u3002\u5bf9\u4e8e\u572820\u591a\u4e2a\u56fd\u5bb6\u6709\u591a\u5143\u5316\u6295\u8d44\u7684\u60a6\u6995\u63a7\u80a1\u800c\u8a00\uff0c\u8fd9\u4e00\u7a33\u5b9a\u7684\u8fd0\u529b\u589e\u957f\u63d0\u5347\u4e86\u5165\u4f4f\u7387\u548c\u6536\u5165\u53ef\u89c1\u6027\u3002\u7ed3\u5408\u5728\u4e0a\u534a\u5e74\u5b9e\u73b0\u76841.688\u4ebf\u65b0\u5143\u7684\u4f4f\u5b85\u9500\u552e\u548c10\u4efd\u65b0\u5408\u540c\u7684\u7b7e\u7f72\uff0c\u8be5\u96c6\u56e2\u5728\u6355\u6349\u97e7\u6027\u65c5\u884c\u9700\u6c42\u65b9\u9762\u4fdd\u6301\u826f\u597d\u5b9a\u4f4d\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u52a1\u66f4\u65b0\u3002<\/strong>\u60a6\u6995\u63a7\u80a1\u62a5\u544a\u6536\u5165\u589e\u957f15%\uff0c\u8fbe\u52302.061\u4ebf\u65b0\u5143\uff0c\u6838\u5fc3\u7ecf\u8425\u5229\u6da6\u589e\u957f\u81f33940\u4e07\u65b0\u5143\u3002\u7136\u800c\uff0c2025\u5e74\u4e0a\u534a\u5e74\u7ecf\u8425\u5229\u6da6\u4e0b\u964d8%\uff0c\u4e3a2650\u4e07\u65b0\u5143\uff0c\u4e3b\u8981\u7531\u4e8e\u5916\u6c47\u635f\u5931\uff0c\u800c\u53bb\u5e74\u540c\u671f\u5219\u4e3a\u76c8\u5229\u30022025\u5e74\u4e0a\u534a\u5e74\uff0c\u96c6\u56e2\u5728\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u3001\u9ed1\u5c71\u3001\u5370\u5c3c\u548c\u4e2d\u56fd\u83b7\u5f97\u4e8610\u4efd\u65b0\u7684\u7ba1\u7406\u5408\u540c\u3002\u8ba1\u5212\u57282025\u5e74\u5728\u4e2d\u56fd\u5f00\u8bbe\u4e94\u5bb6\u65b0\u7269\u4e1a\u3002<\/li>\n\n\n\n<li>\u5e02\u573a\u5171\u8bc6 <figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-77295\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-object-with-white-tex-11.png\" alt=\"A blue and white rectangular object with white text\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-object-with-white-tex-11.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-object-with-white-tex-11-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><img loading=\"lazy\" decoding=\"async\" width=\"1260\" height=\"574\" class=\"wp-image-77296\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-white-background-ai-generated-conten-3.png\" alt=\"A graph on a white background\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-white-background-ai-generated-conten-3.png 1260w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-white-background-ai-generated-conten-3-300x137.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-white-background-ai-generated-conten-3-1024x466.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-white-background-ai-generated-conten-3-768x350.png 768w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/> (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-77297\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-13.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-13.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-13-300x64.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-77298\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-14.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-14.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-14-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><a id=\"post-77205-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u91d1\u98ce\u79d1\u6280 (2208 HK)\uff1a\u652f\u6301\u589e\u957f\u7684\u987a\u98ce\u56e0\u7d20<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a11.50\uff0c\u76ee\u6807\u4ef7\uff1a13.10\uff0c\u6b62\u635f\u4ef7\uff1a10.70<\/strong><\/li>\n\n\n\n<li>\u91d1\u98ce\u79d1\u6280\u80a1\u4efd\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u98ce\u673a\u5236\u9020\u3001\u98ce\u7535\u670d\u52a1\u3001\u98ce\u7535\u573a\u6295\u8d44\u4e0e\u5f00\u53d1\u4e1a\u52a1\u7684\u4e2d\u56fd\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u56db\u4e2a\u5206\u90e8\u5f00\u5c55\u4e1a\u52a1\u3002\u98ce\u673a\u5236\u9020\u4e0e\u9500\u552e\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u98ce\u529b\u53d1\u7535\u673a\u7ec4\u53ca\u5176\u96f6\u90e8\u4ef6\u7684\u7814\u53d1\u3001\u5236\u9020\u53ca\u9500\u552e\u3002\u98ce\u7535\u670d\u52a1\u5206\u90e8\u4e3b\u8981\u63d0\u4f9b\u98ce\u7535\u76f8\u5173\u7684\u987e\u95ee\u3001\u98ce\u7535\u573a\u5efa\u8bbe\u3001\u7ef4\u62a4\u548c\u8fd0\u8f93\u670d\u52a1\u3002\u98ce\u7535\u573a\u5f00\u53d1\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u98ce\u7535\u573a\u5f00\u53d1\u548c\u8fd0\u8425\u3002\u5176\u4ed6\u5206\u90e8\u4e3b\u8981\u4ece\u4e8b\u6c34\u5904\u7406\u5f00\u53d1\u548c\u8fd0\u8425\u3002\u8be5\u516c\u53f8\u4e3b\u8981\u5728\u4e2d\u56fd\u56fd\u5185\u548c\u6d77\u5916\u5e02\u573a\u5f00\u5c55\u4e1a\u52a1\u3002<\/li>\n\n\n\n<li><strong>\u5185\u8499\u53e4\u542f\u52a8\u65b0\u578b\u7eff\u8272\u5316\u5de5\u5de8\u578b\u9879\u76ee\u3002 <\/strong>\u91d1\u98ce\u79d1\u6280\u5ba3\u5e03\u8ba1\u5212\u5728\u5185\u8499\u53e4\u5df4\u5f66\u6dd6\u5c14\u6295\u8d4427\u4ebf\u7f8e\u5143\uff0c\u5229\u7528\u8be5\u5730\u533a\u4e30\u5bcc\u7684\u98ce\u80fd\u548c\u751f\u7269\u8d28\u8d44\u6e90\uff0c\u5efa\u8bbe\u4e00\u4e2a\u5927\u578b\u7eff\u8272\u5316\u5de5\u7efc\u5408\u4f53\u3002\u6839\u636e\u4e0e\u5f53\u5730\u653f\u5e9c\u8fbe\u6210\u7684\u534f\u8bae\uff0c\u8be5\u9879\u76ee\u5c06\u98ce\u7535\u573a\u4e0e\u5316\u5de5\u751f\u4ea7\u8bbe\u65bd\u76f8\u7ed3\u5408\uff0c\u5c0680%\u4ee5\u4e0a\u7684\u53d1\u7535\u91cf\u7528\u4e8e\u73b0\u573a\u751f\u4ea7\u7eff\u8272\u6c22\u3001\u7532\u9187\u548c\u6c28\u3002\u9879\u76ee\u6295\u4ea7\u540e\uff0c\u9884\u8ba1\u6bcf\u5e74\u53ef\u751f\u4ea7\u7ea660\u4e07\u5428\u7eff\u8272\u7532\u9187\u548c40\u591a\u4e07\u5428\u7eff\u8272\u5408\u6210\u6c28\u3002\u8be5\u9879\u76ee\u51f8\u663e\u4e86\u91d1\u98ce\u79d1\u6280\u4e0e\u4e2d\u56fd\u56fd\u5bb6\u8131\u78b3\u6218\u7565\u7684\u5951\u5408\uff0c\u4ee5\u53ca\u5176\u5728\u80fd\u6e90\u8f6c\u578b\u4e2d\u63a8\u52a8\u6c22\u57fa\u71c3\u6599\u53d1\u5c55\u7684\u51b3\u5fc3\u3002<\/li>\n\n\n\n<li><strong>\u53d7\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u7535\u529b\u9700\u6c42\u6fc0\u589e\uff0c\u4e2d\u56fd\u52a0\u5feb\u53ef\u518d\u751f\u80fd\u6e90\u5efa\u8bbe\u3002 <\/strong>\u4eca\u5e74\uff0c\u4e2d\u56fd\u7684\u7535\u7f51\u9884\u8ba1\u5c06\u65b0\u589e\u521b\u7eaa\u5f55\u7684500\u5409\u74e6\u53ef\u518d\u751f\u80fd\u6e90\u88c5\u673a\u5bb9\u91cf\uff0c\u90e8\u5206\u539f\u56e0\u662f\u4eba\u5de5\u667a\u80fd\u6570\u636e\u4e2d\u5fc3\u4e0d\u65ad\u589e\u957f\u7684\u7535\u529b\u9700\u6c42\u3002\u5176\u4e2d\uff0c\u98ce\u7535\u5c06\u8d21\u732e140\u5409\u74e6\uff0c\u6bd4\u53bb\u5e74\u589e\u957f77%\uff0c\u8fd9\u6807\u5fd7\u7740\u5e74\u5ea6\u53ef\u518d\u751f\u80fd\u6e90\u65b0\u589e\u88c5\u673a\u5bb9\u91cf\u9996\u6b21\u53ef\u80fd\u8d85\u8fc7500\u5409\u74e6\u3002\u8fd9\u79cd\u524d\u6240\u672a\u6709\u7684\u6269\u5f20\u5c06\u652f\u6301\u4e2d\u56fd\u57282030\u5e74\u524d\u5b9e\u73b0\u78b3\u6392\u653e\u8fbe\u5cf0\u30012060\u5e74\u524d\u5b9e\u73b0\u78b3\u4e2d\u548c\u7684\u201c\u53cc\u78b3\u201d\u76ee\u6807\u3002\u5f3a\u52b2\u7684\u98ce\u7535\u524d\u666f\u5c06\u4e3a\u91d1\u98ce\u79d1\u6280\u7b49\u56fd\u5185\u98ce\u673a\u5236\u9020\u5546\u63d0\u4f9b\u6709\u529b\u652f\u6491\uff0c\u5de9\u56fa\u5176\u5e02\u573a\u5730\u4f4d\u3002<\/li>\n\n\n\n<li><strong>\u91d1\u98ce\u79d1\u6280\u5251\u63072025\u5e74\u51fa\u8d27\u91cf\u5f3a\u52b2\u589e\u957f\u3002 <\/strong>\u622a\u81f32024\u5e74\u5e95\uff0c\u91d1\u98ce\u79d1\u6280\u7684\u5728\u624b\u8ba2\u5355\u540c\u6bd4\u589e\u957f56%\uff0c\u8fbe\u523047,404\u5146\u74e6\uff0c\u8fd9\u4e3a\u51762025\u5e74\u98ce\u7535\u673a\u7ec4\u51fa\u8d27\u91cf\u7684\u5927\u5e45\u589e\u957f\u63d0\u4f9b\u4e86\u4fdd\u969c\u3002\u867d\u7136\u6d77\u4e0a\u98ce\u7535\u4ecd\u662f\u516c\u53f8\u7684\u6218\u7565\u91cd\u70b9\uff0c\u4f46\u9646\u4e0a\u9879\u76ee\u9884\u8ba1\u5c06\u7ee7\u7eed\u63a8\u52a8\u9700\u6c42\u3002\u5927\u5bb9\u91cf\u98ce\u673a\uff086\u5146\u74e6\u53ca\u4ee5\u4e0a\uff09\u662f2024\u5e74\u7684\u5173\u952e\u589e\u957f\u5f15\u64ce\uff0c\u5360\u603b\u9500\u91cf\u768461%\uff0c\u9500\u91cf\u589e\u957f\u4e8659%\u3002\u4e1a\u5185\u8ba4\u4e3a\uff0c\u9646\u4e0a\u98ce\u673a\u5c3a\u5bf8\u5347\u7ea7\u7684\u653e\u7f13\u5bf9\u4ea7\u54c1\u53ef\u9760\u6027\u548c\u884c\u4e1a\u53ef\u6301\u7eed\u6027\u5177\u6709\u79ef\u6781\u610f\u4e49\u3002\u968f\u7740\u56fd\u9645\u6536\u5165\u589e\u957f15.5%\u5e76\u5728\u516b\u4e2a\u56fd\u5bb6\u83b7\u5f97\u65b0\u8ba2\u5355\uff0c\u91d1\u98ce\u79d1\u6280\u5728\u56fd\u5185\u548c\u56fd\u9645\u5e02\u573a\u90fd\u5df2\u51c6\u5907\u597d\u6293\u4f4f\u589e\u957f\u673a\u9047\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u3002 <\/strong>2025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u589e\u957f41.5%\uff0c\u8fbe\u5230285\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u540c\u671f\u4e3a201\u4ebf\u5143\u4eba\u6c11\u5e01\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u589e\u957f15.9%\uff0c\u8fbe\u523016.6\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u540c\u671f\u4e3a14.4\u4ebf\u5143\u4eba\u6c11\u5e01\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u5347\u81f30.34\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u540c\u671f\u4e3a0.32\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-77299\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-15.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-15.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-15-300x64.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=\"1260\" height=\"574\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-16.png\" alt=\"\" class=\"wp-image-77300\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-16.png 1260w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-16-300x137.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-16-1024x466.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-16-768x350.png 768w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"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-77301\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-17.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-17.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-17-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e2d\u5e7f\u6838\u77ff\u4e1a (1164 HK)\uff1a\u94c0\u4ef7\u53cd\u5f39<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a2.60\uff0c\u76ee\u6807\u4ef7\uff1a3.00\uff0c\u6b62\u635f\u4ef7\uff1a2.40<\/strong><\/li>\n\n\n\n<li>\u4e2d\u5e7f\u6838\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u5929\u7136\u94c0\u8d38\u6613\u4e1a\u52a1\u7684\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u4e09\u4e2a\u5206\u90e8\u8fd0\u8425\u4e1a\u52a1\u3002\u5929\u7136\u94c0\u8d38\u6613\u5206\u90e8\u4ece\u4e8b\u5929\u7136\u94c0\u8d38\u6613\u4e1a\u52a1\u3002\u7269\u4e1a\u6295\u8d44\u5206\u90e8\u4ece\u4e8b\u79df\u8d41\u4e1a\u52a1\u3002\u5176\u4ed6\u6295\u8d44\u5206\u90e8\u4ece\u4e8b\u6295\u8d44\u6d3b\u52a8\u3002<\/li>\n\n\n\n<li><strong>\u94c0\u4ef7\u53cd\u5f39\u3002<\/strong>9\u6708\u4efd\uff0c\u7f8e\u56fd\u94c0\u671f\u8d27\u4ef7\u683c\u5347\u81f3\u6bcf\u78c575\u7f8e\u5143\u4ee5\u4e0a\uff0c\u521b\u4e24\u4e2a\u6708\u65b0\u9ad8\uff0c\u4e3b\u8981\u53d7\u77ed\u671f\u4f9b\u5e94\u98ce\u9669\u53ca\u957f\u671f\u9700\u6c42\u9884\u671f\u589e\u5f3a\u7684\u63a8\u52a8\u3002\u5168\u7403\u7b2c\u4e8c\u5927\u94c0\u77ff\u5546\u52a0\u62ff\u5927Cameco\u56e0\u8428\u65af\u5580\u5f7b\u6e29\u7701McArthur River\u77ff\u6269\u5efa\u5de5\u7a0b\u5ef6\u8fdf\uff0c\u4e0b\u8c03\u4e86\u5168\u5e74\u4ea7\u91cf\u6307\u5f15\u3002\u540c\u65f6\uff0c\u5168\u7403\u6700\u5927\u94c0\u751f\u4ea7\u5546Kazatomprom\u5ba3\u5e03\u8ba1\u5212\u660e\u5e74\u51cf\u4ea710%\uff0c\u7406\u7531\u662f\u73b0\u8d27\u94c0\u5e02\u573a\u6ce2\u52a8\u52a0\u5267\u3002\u5728\u9700\u6c42\u65b9\u9762\uff0c\u5370\u5ea6\u5ba3\u5e03\u52302047\u5e74\u5c06\u6838\u7535\u88c5\u673a\u5bb9\u91cf\u63d0\u5347\u81f3\u5f53\u524d\u6c34\u5e73\u768413\u500d\uff0c\u5e76\u653e\u5bbd\u76f8\u5173\u76d1\u7ba1\uff0c\u5141\u8bb8\u79c1\u8425\u4f01\u4e1a\u5f00\u91c7\u548c\u52a0\u5de5\u94c0\u3002\u8fd9\u4e0e\u4e16\u754c\u6838\u80fd\u534f\u4f1a\u7684\u9884\u6d4b\u4e00\u81f4\uff0c\u8be5\u534f\u4f1a\u9884\u8ba1\uff0c\u52302030\u5e74\u7528\u4e8e\u6838\u7535\u7684\u94c0\u9700\u6c42\u5c06\u589e\u52a028%\uff0c\u4e3b\u8981\u53d7\u5404\u56fd\u653f\u5e9c\u4f18\u5148\u8003\u8651\u80fd\u6e90\u5b89\u5168\u4ee5\u53ca\u6570\u636e\u4e2d\u5fc3\u5bf9\u7535\u529b\u9700\u6c42\u589e\u957f\u7684\u63a8\u52a8\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u94c0\u671f\u8d27\u4ef7\u683c<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1285\" height=\"592\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-lines-and-numbers-ai-generated-conte-5.png\" alt=\"A graph with lines and numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-77302\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-lines-and-numbers-ai-generated-conte-5.png 1285w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-lines-and-numbers-ai-generated-conte-5-300x138.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-lines-and-numbers-ai-generated-conte-5-1024x472.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-lines-and-numbers-ai-generated-conte-5-768x354.png 768w\" sizes=\"(max-width: 1285px) 100vw, 1285px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e2d\u56fd\u52a0\u901f\u6838\u80fd\u6269\u5f20\uff0c\u56fd\u5185\u94c0\u8d44\u6e90\u652f\u6301\u4fdd\u969c\u4f9b\u5e94\u3002<\/strong>2025\u5e744\u6708\uff0c\u4e2d\u56fd\u56fd\u52a1\u9662\u6279\u51c6\u5efa\u8bbe10\u5ea7\u65b0\u589e\u6838\u53cd\u5e94\u5806\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u5c06\u6838\u80fd\u4f5c\u4e3a\u6e05\u6d01\u80fd\u6e90\u8f6c\u578b\u6838\u5fc3\u7684\u6218\u7565\u627f\u8bfa\u3002\u8fd9\u662f\u4e2d\u56fd\u8fde\u7eed\u7b2c\u56db\u5e74\u6279\u51c6\u81f3\u5c1110\u5ea7\u65b0\u6838\u7535\u7ad9\u3002 \u76ee\u524d\uff0c\u4e2d\u56fd\u5728\u5efa\u6838\u7535\u673a\u7ec4\u6570\u91cf\u8fbe30\u5ea7\uff0c\u5360\u5168\u7403\u5728\u5efa\u603b\u91cf\u8fd1\u4e00\u534a\u3002\u6309\u6b64\u8d8b\u52bf\u53d1\u5c55\uff0c\u4e2d\u56fd\u6709\u671b\u5728\u672c\u5341\u5e74\u672b\u8d85\u8d8a\u7f8e\u56fd\uff0c\u6210\u4e3a\u5168\u7403\u6700\u5927\u7684\u6838\u80fd\u751f\u4ea7\u56fd\u3002\u4e2d\u56fd\u7535\u529b\u4f01\u4e1a\u8054\u5408\u4f1a\u9884\u8ba1\uff0c\u5230\u4eca\u5e74\u5e74\u5e95\uff0c\u5168\u56fd\u6838\u7535\u88c5\u673a\u5bb9\u91cf\u5c06\u8fbe\u523065\u5409\u74e6\uff0c\u8f832024\u5e74\u4e0d\u523060\u5409\u74e6\u6709\u6240\u63d0\u5347\u3002\u8fdb\u4e00\u6b65\u5f3a\u5316\u8fd9\u4e00\u53d1\u5c55\u52bf\u5934\u7684\u662f\uff0c\u4e2d\u56fd\u8fd1\u671f\u5ba3\u5e03\u5728\u9102\u5c14\u591a\u65af\u6c99\u6f20\u53d1\u73b03,000\u4e07\u5428\u94c0\u77ff\u50a8\u91cf\uff0c\u4e3a\u5168\u7403\u6700\u5927\u89c4\u6a21\u4e4b\u4e00\u3002\u8fd9\u4e00\u53d1\u73b0\u7684\u65f6\u673a\u4e0e\u4e2d\u56fd\u5f53\u524d\u52a0\u901f\u6838\u7535\u5efa\u8bbe\u9ad8\u5ea6\u5951\u5408\uff0c\u5305\u62ec\u76ee\u524d\u6b63\u5728\u5efa\u8bbe\u768411\u5ea7\u53cd\u5e94\u5806\u3002\u8fd9\u4e00\u5e9e\u5927\u7684\u56fd\u5185\u94c0\u8d44\u6e90\u6709\u671b\u589e\u5f3a\u56fd\u5bb6\u80fd\u6e90\u5b89\u5168\uff0c\u51cf\u5c11\u5bf9\u8fdb\u53e3\u7684\u4f9d\u8d56\uff0c\u5e76\u4e3a\u4e0d\u65ad\u6269\u5f20\u7684\u6838\u7535\u673a\u7ec4\u63d0\u4f9b\u957f\u671f\u7a33\u5b9a\u7684\u71c3\u6599\u4fdd\u969c\u3002\u80fd\u6e90\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u8be5\u94c0\u77ff\u53ef\u6ee1\u8db3\u56fd\u5185\u6570\u4ee3\u4eba\u5bf9\u6838\u80fd\u7684\u9700\u6c42\uff0c\u5728\u5168\u7403\u80fd\u6e90\u683c\u5c40\u65e5\u8d8b\u4e0d\u786e\u5b9a\u7684\u80cc\u666f\u4e0b\u63d0\u4f9b\u91cd\u8981\u7a33\u5b9a\u6027\u3002\u968f\u7740\u4e2d\u56fd\u52a0\u5feb\u6838\u7535\u90e8\u7f72\uff0c\u94c0\u9700\u6c42\u9884\u8ba1\u5c06\u5927\u5e45\u4e0a\u5347\uff0c\u4e3a\u4e2d\u5e7f\u6838\u77ff\u4e1a\u7b49\u94c0\u4f9b\u5e94\u5546\u521b\u9020\u957f\u671f\u589e\u957f\u673a\u9047\u3002<\/li>\n\n\n\n<li><strong>\u4e2d\u5e7f\u6838\u77ff\u4e1a\u5ef6\u957f\u4e0e\u9644\u5c5e\u516c\u53f8\u7684\u6846\u67b6\u534f\u8bae\u3002<\/strong>\u4e2d\u5e7f\u6838\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u8fd1\u65e5\u5ba3\u5e03\uff0c\u5c06\u4e0e\u5176\u9644\u5c5e\u516c\u53f8\u5c31\u5929\u7136\u94c0\u9500\u552e\u53ca\u91d1\u878d\u670d\u52a1\u7684\u6846\u67b6\u534f\u8bae\u8fdb\u884c\u7eed\u7b7e\uff0c\u534f\u8bae\u6709\u6548\u671f\u5c06\u5ef6\u957f\u4e09\u5e74\uff0c\u81ea2026\u5e741\u6708\u8d77\u751f\u6548\u3002\u6839\u636e\u9999\u6e2f\u4e0a\u5e02\u89c4\u5219\uff0c\u8be5\u7b49\u534f\u8bae\u6784\u6210\u4e3b\u8981\u4ea4\u6613\u53ca\u6301\u7eed\u5173\u8054\u4ea4\u6613\uff0c\u987b\u83b7\u5f97\u72ec\u7acb\u80a1\u4e1c\u6279\u51c6\uff0c\u5e76\u9700\u5c65\u884c\u5e74\u5ea6\u62ab\u9732\u548c\u5408\u89c4\u5ba1\u67e5\u4e49\u52a1\u3002\u6b64\u6b21\u534f\u8bae\u5ef6\u671f\u6709\u52a9\u4e8e\u516c\u53f8\u7ef4\u6301\u4e1a\u52a1\u8fde\u7eed\u6027\uff0c\u5e76\u8fdb\u4e00\u6b65\u5de9\u56fa\u5176\u5728\u4e2d\u5e7f\u6838\u96c6\u56e2\u6838\u71c3\u6599\u53ca\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u4e00\u4f53\u5316\u8fd0\u8425\u89d2\u8272\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u3002<\/strong>2025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u4e0b\u964d58.0%\uff0c\u81f317.1\u4ebf\u6e2f\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a40.7\u4ebf\u6e2f\u5143\u3002\u51c0\u4e8f\u635f\u4e3a6,760\u4e07\u6e2f\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c2024\u5e74\u540c\u671f\u51c0\u5229\u6da6\u4e3a1.131\u4ebf\u6e2f\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3(0.89)\u6e2f\u4ed9\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.49\u6e2f\u4ed9\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-77303\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-box-with-numbers-ai-1-17.png\" alt=\"A blue and white rectangular box with numbers\n\nAI-generated content may be incorrect.\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-box-with-numbers-ai-1-17.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-box-with-numbers-ai-1-17-300x64.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=\"1083\" height=\"523\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-screen-ai-generated-content-may-be-i-29.png\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-77304\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-screen-ai-generated-content-may-be-i-29.png 1083w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-screen-ai-generated-content-may-be-i-29-300x145.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-screen-ai-generated-content-may-be-i-29-1024x495.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-on-a-screen-ai-generated-content-may-be-i-29-768x371.png 768w\" sizes=\"(max-width: 1083px) 100vw, 1083px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"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\/09\/word-image-77205-21.png\" alt=\"\" class=\"wp-image-77305\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-21.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-21-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<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\/09\/word-image-77205-22.png\" alt=\"\" class=\"wp-image-77306\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-22.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-22-300x64.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\">\u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a90 \u76ee\u6807\u4ef7\uff1a110 \u6b62\u635f\u4ef7\uff1a80<\/strong><\/li>\n\n\n\n<li>\u4f18\u6b65\u79d1\u6280\u516c\u53f8\u63d0\u4f9b\u6253\u8f66\u670d\u52a1\u3002\u8be5\u516c\u53f8\u5f00\u53d1\u7528\u4e8e\u9053\u8def\u8fd0\u8f93\u3001\u5bfc\u822a\u3001\u62fc\u8f66\u548c\u652f\u4ed8\u5904\u7406\u7684\u5e94\u7528\u7a0b\u5e8f\u3002\u4f18\u6b65\u79d1\u6280\u4e3a\u5168\u7403\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<\/li>\n\n\n\n<li><strong>\u4e0e\u7279\u65af\u62c9\u7684\u6218\u7565\u5408\u4f5c\u3002<\/strong>\u4f18\u6b65\u8d27\u8fd0\u5df2\u4e0e\u7279\u65af\u62c9\u5408\u4f5c\u63a8\u51fa\u4e13\u7528\u7535\u52a8\u8f66\u961f\u52a0\u901f\u5668\u8ba1\u5212\uff0c\u8fd9\u662f\u671d\u7740\u7269\u6d41\u53bb\u78b3\u5316\u8fc8\u51fa\u7684\u91cd\u5927\u4e00\u6b65\u3002\u8be5\u8ba1\u5212\u4e3a\u7279\u65af\u62c9\u534a\u6302\u5361\u8f66\u63d0\u4f9b\u8865\u8d34\uff0c\u901a\u8fc7\u591a\u5e74\u5408\u540c\u786e\u4fdd\u53ef\u9884\u6d4b\u7684\u9700\u6c42\uff0c\u5e76\u5229\u7528\u4f18\u6b65\u8d27\u8fd0\u5e9e\u5927\u7684\u53d1\u8d27\u7f51\u7edc\u4fdd\u6301\u8f66\u8f86\u7684\u5145\u5206\u5229\u7528\u3002\u65e9\u671f\u8bd5\u70b9\u663e\u793a\u51fa\u8f83\u4f4e\u7684\u71c3\u6599\u548c\u7ef4\u62a4\u6210\u672c\u4ee5\u53ca\u8fd0\u8425\u53ef\u884c\u6027\uff0c\u534a\u6302\u8f66\u884c\u9a76\u8d85\u8fc712,000\u82f1\u91cc\uff0c\u5e73\u5747\u6bcf\u82f1\u91cc\u51c0\u80fd\u8017\u4ec5\u4e3a1.72\u5343\u74e6\u65f6\u3002\u901a\u8fc7\u89e3\u51b3\u7535\u52a8\u8f66\u91c7\u7528\u7684\u969c\u788d\uff0c\u4f18\u6b65\u6b63\u5728\u5c06\u81ea\u5df1\u548c\u7279\u65af\u62c9\u5b9a\u4f4d\u4e3a\u96f6\u6392\u653e\u8d27\u8fd0\u751f\u6001\u7cfb\u7edf\u7684\u9886\u5bfc\u8005\u3002<\/li>\n\n\n\n<li><strong>\u5728\u81ea\u52a8\u9a7e\u9a76\u6253\u8f66\u9886\u57df\u6269\u5927\u89c4\u6a21\u3002<\/strong>\u4f18\u6b65\u7ee7\u7eed\u52a0\u5f3a\u5728\u81ea\u52a8\u9a7e\u9a76\u51fa\u884c\u9886\u57df\u7684\u9886\u5bfc\u5730\u4f4d\uff0c\u6269\u5927\u4e0eWaymo\u7684\u5408\u4f5c\uff0c\u9884\u8ba1\u5728\u7f8e\u56fd\u4f1a\u6709\u6570\u767e\u8f86\u5168\u7535\u52a8\u7684\u6377\u8c79I-PACE\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u3002\u516c\u53f8\u76ee\u524d\u5728\u5168\u7403\u62e5\u670920\u4e2a\u81ea\u52a8\u9a7e\u9a76\u5408\u4f5c\u4f19\u4f34\uff0c\u5305\u62ec\u767e\u5ea6\u7684Apollo Go\u3001Lucid\u548cNuro\uff0c\u5e76\u8ba1\u5212\u5728\u7f8e\u56fd\u3001\u4e2d\u4e1c\u548c\u4e9a\u6d32\u8fdb\u884c\u5927\u89c4\u6a21\u90e8\u7f72\u3002\u901a\u8fc7\u5c06\u5168\u7403\u6700\u5927\u7684\u6253\u8f66\u6570\u636e\u96c6\u4e0e\u591a\u5bb6\u539f\u59cb\u8bbe\u5907\u5236\u9020\u5546\u548c\u8f6f\u4ef6\u8054\u76df\u7ed3\u5408\uff0c\u4f18\u6b65\u6b63\u5728\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u5168\u7403\u673a\u5668\u4eba\u51fa\u79df\u8f66\u670d\u52a1\u7684\u5546\u4e1a\u5316\u5c42\u3002\u8fd9\u4e00\u6218\u7565\u964d\u4f4e\u4e86\u5185\u90e8\u6784\u5efa\u81ea\u52a8\u9a7e\u9a76\u6280\u672f\u7684\u8d44\u672c\u5f3a\u5ea6\uff0c\u540c\u65f6\u786e\u4fdd\u4f18\u6b65\u5728\u4ee5\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u672a\u6765\u8fd0\u8f93\u4e2d\u4fdd\u6301\u6838\u5fc3\u5730\u4f4d\u3002<\/li>\n\n\n\n<li><strong>\u901a\u8fc7\u4f18\u6b65\u91ce\u751f\u52a8\u7269\u56ed\u62d3\u5c55\u65b0\u9886\u57df\u3002<\/strong>\u4f18\u6b65\u901a\u8fc7\u6700\u8fd1\u5728\u5185\u7f57\u6bd5\u56fd\u5bb6\u516c\u56ed\u63a8\u51fa\u7684\u4f18\u6b65\u91ce\u751f\u52a8\u7269\u56ed\uff0c\u5c06\u5176\u5e73\u53f0\u6269\u5c55\u5230\u65c5\u6e38\u548c\u4f53\u9a8c\u5f0f\u65c5\u884c\u3002\u4e58\u5ba2\u73b0\u5728\u53ef\u4ee5\u901a\u8fc7\u5e94\u7528\u7a0b\u5e8f\u76f4\u63a5\u9884\u8ba2\u4e09\u5c0f\u65f6\u7684\u5bfc\u6e38\u91ce\u751f\u52a8\u7269\u56ed\u4e4b\u65c5\uff0c\u521b\u9020\u4e86\u4f18\u6b65\u51fa\u884c\u751f\u6001\u7cfb\u7edf\u7684\u65e0\u7f1d\u5ef6\u4f38\u3002\u8fd9\u4e00\u4e3e\u63aa\u8fdb\u5165\u4e86\u80af\u5c3c\u4e9a43\u4ebf\u7f8e\u5143\u7684\u65c5\u6e38\u5e02\u573a\uff0c\u540c\u65f6\u4e3a\u5f53\u5730\u8fd0\u8425\u5546\u548c\u8f66\u961f\u5408\u4f5c\u4f19\u4f34\u5f00\u8f9f\u4e86\u65b0\u7684\u6536\u5165\u6765\u6e90\u3002\u901a\u8fc7\u5c06\u5176\u5e73\u53f0\u4e0e\u533a\u57df\u65c5\u6e38\u9700\u6c42\u7ed3\u5408\uff0c\u4f18\u6b65\u5c55\u793a\u4e86\u5176\u5728\u6253\u8f66\u548c\u914d\u9001\u4e4b\u5916\u591a\u5143\u5316\u6536\u5165\u7684\u80fd\u529b\uff0c\u589e\u5f3a\u4e86\u5404\u884c\u4e1a\u548c\u5730\u533a\u7684\u97e7\u6027\u548c\u76f8\u5173\u6027\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u7b2c\u4e8c\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f18.7%\uff0c\u8fbe\u5230127\u4ebf\u7f8e\u5143\uff0c\u672a\u80fd\u8fbe\u5230\u9884\u671f\uff0c\u5c11\u4e8e1\u4ebf\u7f8e\u5143\u3002GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a0.63\u7f8e\u5143\uff0c\u7565\u5fae\u8d85\u51fa\u5e02\u573a\u5171\u8bc60.01\u7f8e\u5143\u3002\u4f18\u6b65\u4e00\u53f7\u7684\u8ba2\u9605\u4eba\u6570\u540c\u6bd4\u589e\u957f\u7ea660%\uff0c\u8d85\u8fc73600\u4e07\uff0c\u5360\u603b\u6bdb\u9884\u5b9a\u768440%\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u5c06\u8fdb\u884c200\u4ebf\u7f8e\u5143\u7684\u65b0\u80a1\u7968\u56de\u8d2d\u3002\u5728\u7b2c\u4e09\u5b63\u5ea6\uff0c\u9884\u8ba1\u6bdb\u9884\u5b9a\u5728482.5\u4ebf\u7f8e\u5143\u81f3497.5\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u8c03\u6574\u540e\u7684\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u572821.9\u4ebf\u7f8e\u5143\u81f322.9\u4ebf\u7f8e\u5143\u4e4b\u95f4\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\/09\/word-image-77205-23.png\" alt=\"\" class=\"wp-image-77307\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-23.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-23-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/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=\"1260\" height=\"574\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-24.png\" alt=\"\" class=\"wp-image-77308\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-24.png 1260w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-24-300x137.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-24-1024x466.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-24-768x350.png 768w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" class=\"wp-image-77309\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-long-line-of-a-flag-description-automatically-g-18.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\/09\/a-long-line-of-a-flag-description-automatically-g-18.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-long-line-of-a-flag-description-automatically-g-18-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-long-line-of-a-flag-description-automatically-g-18-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Symbotic Inc. (SYM US): \u6269\u5927\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u81ea\u52a8\u5316<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a47 \u76ee\u6807\u4ef7\uff1a53 \u6b62\u635f\u4ef7\uff1a44<\/strong><\/li>\n\n\n\n<li>Symbotic Inc\u662f\u4e00\u5bb6\u81ea\u52a8\u5316\u6280\u672f\u516c\u53f8\uff0c\u4e13\u6ce8\u4e8e\u4f9b\u5e94\u94fe\uff0c\u63d0\u4f9b\u7aef\u5230\u7aef\u7684\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u673a\u5668\u4eba\u548c\u8f6f\u4ef6\u5e73\u53f0\u3002Symbotic\u670d\u52a1\u4e8e\u5168\u7403\u96f6\u552e\u3001\u6279\u53d1\u548c\u98df\u54c1\u516c\u53f8\u3002<\/li>\n\n\n\n<li><strong>\u5728\u52b3\u52a8\u529b\u77ed\u7f3a\u4e2d\u5b9a\u4f4d\u81ea\u52a8\u5316\u9700\u6c42\u3002<\/strong>\u968f\u7740\u7f8e\u56fd\u52b3\u52a8\u529b\u77ed\u7f3a\u5728\u79fb\u6c11\u63a7\u5236\u6536\u7d27\u7684\u80cc\u666f\u4e0b\u6301\u7eed\uff0c\u96f6\u552e\u548c\u7269\u6d41\u8fd0\u8425\u5546\u6b63\u5728\u8f6c\u5411\u673a\u5668\u4eba\u548c\u4eba\u5de5\u667a\u80fd\uff0c\u4ee5\u62b5\u6d88\u6210\u672c\u548c\u4ea7\u80fd\u7f3a\u53e3\u3002Symbotic\u76f4\u63a5\u53d7\u76ca\u4e8e\u6b64\uff0c\u5176\u5148\u8fdb\u7684\u8fdc\u7a0b\u64cd\u4f5c\u548c\u673a\u5668\u5b66\u4e60\u9a71\u52a8\u7684\u673a\u5668\u4eba\u6b63\u5728\u51cf\u5c11\u4ed3\u5e93\u4e2d\u7684\u4eba\u5de5\u5e72\u9884\u3002\u8fd9\u4e00\u7ed3\u6784\u6027\u4ece\u52b3\u52a8\u5230\u81ea\u52a8\u5316\u7684\u8f6c\u53d8\u52a0\u5f3a\u4e86\u957f\u671f\u9700\u6c42\uff0c\u5de9\u56fa\u4e86Symbotic\u4f5c\u4e3a\u97e7\u6027\u4f9b\u5e94\u94fe\u5173\u952e\u63a8\u52a8\u8005\u7684\u89d2\u8272\u3002<\/li>\n\n\n\n<li><strong>\u6c83\u5c14\u739b\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u5de9\u56fa\u589e\u957f\u5e76\u6269\u5927\u5e02\u573a\u8986\u76d6\u3002<\/strong>Symbotic\u6536\u8d2d\u4e86\u6c83\u5c14\u739b\u7684\u673a\u5668\u4eba\u90e8\u95e8\uff0c\u5e76\u7b7e\u7f72\u4e865.2\u4ebf\u7f8e\u5143\u7684\u534f\u8bae\uff0c\u4ee5\u81ea\u52a8\u5316400\u4e2a\u4e2d\u5fc3\u3002\u8fd9\u4e3a\u672a\u6765\u7684\u591a\u5e74\u5ea6\u53ef\u89c1\u6027\u63d0\u4f9b\u4e86\u4fdd\u969c\uff0c\u53ef\u80fd\u4e3a\u672a\u6765\u7684\u5de5\u4f5c\u589e\u52a0\u8d85\u8fc750\u4ebf\u7f8e\u5143\uff0c\u5e76\u6253\u5f00\u4e863000\u4ebf\u7f8e\u5143\u7684\u5fae\u5c65\u884c\u5e02\u573a\uff0c\u62d3\u5bbd\u4e86\u5176\u957f\u671f\u589e\u957f\u524d\u666f\uff0c\u8d85\u8d8a\u4e86\u5927\u578b\u5206\u9500\u4e2d\u5fc3\u3002<\/li>\n\n\n\n<li><strong>\u65b0\u5b58\u50a8\u7cfb\u7edf\u63d0\u9ad8\u4e86\u6548\u7387\u3002<\/strong>Symbotic\u7684\u4e0b\u4e00\u4ee3\u5b58\u50a8\u8bbe\u8ba1\u7684\u63a8\u51fa\u4f7f\u5bb9\u91cf\u589e\u52a0\u4e8640%\uff0c\u7f29\u77ed\u4e86\u5904\u7406\u65f6\u95f4\uff0c\u5e76\u51cf\u5c11\u4e8690%\u7684\u73b0\u573a\u7ec4\u88c5\u65f6\u95f4\u3002\u6839\u636e\u516c\u53f8\u7684\u8bf4\u6cd5\uff0c\u65e9\u671f\u5ba2\u6237\u7684\u91c7\u7eb3\u60c5\u51b5\u826f\u597d\uff0c\u5305\u542b\u65b0\u5b58\u50a8\u7cfb\u7edf\u7684\u9879\u76ee\u5df2\u7ecf\u7b7e\u7ea6\u3002\u51ed\u501f\u5b89\u5168\u6027\u548c\u6a21\u5757\u5316\u7279\u6027\uff0c\u5b83\u52a0\u5feb\u4e86\u5b89\u88c5\u901f\u5ea6\uff0c\u6539\u5584\u4e86\u5ba2\u6237\u56de\u62a5\uff0c\u5e76\u652f\u6301\u66f4\u9ad8\u7684\u5229\u6da6\u7387\u3002\u65e9\u671f\u9700\u6c42\u770b\u8d77\u6765\u5f3a\u52b2\u3002<\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u7b2c\u4e09\u5b63\u5ea6\u6536\u5165\u540c\u6bd4\u589e\u957f26%\uff0c\u8fbe\u52305.92\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u7684\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u4ece\u4e00\u5e74\u524d\u7684300\u4e07\u7f8e\u5143\u731b\u589e\u81f34500\u4e07\u7f8e\u5143\u3002\u516c\u53f8\u62a5\u544a\u4e863200\u4e07\u7f8e\u5143\u7684\u51c0\u4e8f\u635f\u3002\u622a\u81f36\u670828\u65e5\uff0c\u516c\u53f8\u6709224\u4ebf\u7f8e\u5143\u7684\u672a\u5b8c\u6210\u8ba2\u5355\uff0c\u4e3b\u8981\u6765\u81ea\u84dd\u7b79\u5ba2\u6237\uff0c\u63d0\u4f9b\u4e86\u591a\u5e74\u5ea6\u7684\u6536\u5165\u53ef\u89c1\u6027\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\/09\/a-blue-and-white-rectangular-box-with-white-text-21.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-77310\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-box-with-white-text-21.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-blue-and-white-rectangular-box-with-white-text-21-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/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=\"1203\" height=\"502\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-different-colored-lines-ai-generated-23.png\" alt=\"A graph with different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-77311\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-different-colored-lines-ai-generated-23.png 1203w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-different-colored-lines-ai-generated-23-300x125.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-different-colored-lines-ai-generated-23-1024x427.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/a-graph-with-different-colored-lines-ai-generated-23-768x320.png 768w\" sizes=\"(max-width: 1203px) 100vw, 1203px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bloomberg)<\/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-77205-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77312\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-28.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-28-300x64.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\/09\/word-image-77205-29.png\" alt=\"\" class=\"wp-image-77313\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-29.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-29-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update: <\/strong>Take profit on Horizon Robotics (9660 HK) at HK$11.20. Add Banyan Tree Holdings Ltd (BTH SP) at S$0.62. Cut loss on Q&M Dental Group Ltd (QNM SP) at S$0.47, Sunpower Group Ltd (SPWG SP) at S$0.46, China Telecom Corp Ltd (728 HK) at HK$5.60, and Jiangxi Copper Co Ltd (358 HK) at HK$24.5.<\/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\/09\/word-image-77205-30.png\" alt=\"\" class=\"wp-image-77314\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-30.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-30-300x173.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/09\/word-image-77205-30-768x444.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<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 \u00a0 ^ Back To Top \u9999\u6e2f\u7f6e\u5730 (HKL SP): \u5728\u964d\u606f\u73af\u5883\u4e2d\u7684\u6295\u8d44\u7ec4\u5408\u91cd\u65b0\u5b9a\u4f4d (Source: Bloomberg) \u00a0 \u60a6\u6995\u63a7\u80a1 (BTH SP)\uff1a\u9ec4\u91d1\u673a\u4f1a (Source: Bloomberg) \u91d1\u98ce\u79d1\u6280 (2208 HK)\uff1a\u652f\u6301\u589e\u957f\u7684\u987a\u98ce\u56e0\u7d20 (Source: Bloomberg) \u4e2d\u5e7f\u6838\u77ff\u4e1a (1164 HK)\uff1a\u94c0\u4ef7\u53cd\u5f39 \u94c0\u671f\u8d27\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) \u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9 (Source: Bloomberg) Symbotic Inc. (SYM US): \u6269\u5927\u4eba\u5de5\u667a\u80fd\u9a71\u52a8\u7684\u81ea\u52a8\u5316 (Source: Bloomberg) ^ [&hellip;]<\/p>\n","protected":false},"author":10,"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-77205","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 \u9999\u6e2f\u7f6e\u5730 (HKL SP): \u5728\u964d\u606f\u73af\u5883\u4e2d\u7684\u6295\u8d44\u7ec4\u5408\u91cd\u65b0\u5b9a\u4f4d 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u4e0b\u964d58.0%\uff0c\u81f317.1\u4ebf\u6e2f\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a40.7\u4ebf\u6e2f\u5143\u3002\u51c0\u4e8f\u635f\u4e3a6,760\u4e07\u6e2f\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c2024\u5e74\u540c\u671f\u51c0\u5229\u6da6\u4e3a1.131\u4ebf\u6e2f\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3(0.89)\u6e2f\u4ed9\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.49\u6e2f\u4ed9\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a90 \u76ee\u6807\u4ef7\uff1a110\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith Tan\"\/>\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-19-sep-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\u5e749\u670819\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 \u9999\u6e2f\u7f6e\u5730 (HKL SP): \u5728\u964d\u606f\u73af\u5883\u4e2d\u7684\u6295\u8d44\u7ec4\u5408\u91cd\u65b0\u5b9a\u4f4d \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a6.60\uff0c\u76ee\u6807\u4ef7\uff1a7.20\uff0c\u6b62\u635f\u4ef7\uff1a6.30 \u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u4e3b\u8981\u7684\u4e0a\u5e02\u623f\u5730\u4ea7\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u8be5\u96c6\u56e2\u5728\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u4e3b\u8981\u4e9a\u6d32\u57ce\u5e02\u62e5\u6709\u5e76\u7ba1\u7406\u8d85\u8fc7850,000\u5e73\u65b9\u7c73\u7684\u4f18\u8d28\u5199\u5b57\u697c\u548c\u5962\u4f88\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u5f00\u53d1\u4e00\u7cfb\u5217\u9ad8\u54c1\u8d28\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u6df7\u5408\u7528\u9014\u9879\u76ee\uff0c\u5305\u62ec\u5728\u4e0a\u6d77\u897f\u5cb8\u7684\u4e00\u4e2a110\u4e07\u5e73\u65b9\u7c73\u6df7\u5408\u7528\u9014\u9879\u76ee\u4e2d\u6301\u670943%\u7684\u80a1\u4efd\u3002 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\u53d7\u76ca\u4e8e\u964d\u606f\u7684\u8d44\u4ea7\u53d8\u73b0\u3002\u6700\u8fd1\u7f8e\u8054\u50a8\u964d\u606f25\u4e2a\u57fa\u70b9\u53ef\u80fd\u4f1a\u652f\u6301\u6295\u8d44\u8005\u60c5\u7eea\uff0c\u5e76\u6539\u5584\u8d44\u4ea7\u53d8\u73b0\u7684\u80cc\u666f\u3002\u9999\u6e2f\u7f6e\u5730\u5df2\u901a\u8fc763\u4ebf\u6e2f\u5143\u51fa\u552e\u4ea4\u6613\u5e7f\u573a\uff0c\u8fbe\u6210\u4e86\u517640\u4ebf\u7f8e\u51432027\u5e74\u56de\u6536\u76ee\u6807\u768430%\u3002\u516c\u53f8\u6b63\u5728\u8bc4\u4f30\u5916\u90e8\u5316\u5de5\u5177\uff0c\u5982\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u57fa\u91d1\uff08REITs\uff09\u6216\u79c1\u52df\u57fa\u91d1\uff0c\u4ee5\u5728\u4fdd\u7559\u7ba1\u7406\u63a7\u5236\u6743\u7684\u60c5\u51b5\u4e0b\u8fdb\u884c\u8d44\u4ea7\u56de\u6536\u3002\u6f5c\u5728\u7684\u5265\u79bb\uff0c\u5305\u62ec\u51fa\u552eMCL Land\u6216\u90e8\u5206\u80a1\u4efd\u5728MBFC\u548cOne Raffles Quay\uff0c\u53ef\u80fd\u4f1a\u89e3\u9501\u8fdb\u4e00\u6b65\u7684\u4ef7\u503c\uff0c\u63d0\u4f9b\u8d44\u91d1\u7075\u6d3b\u6027\uff0c\u5e76\u652f\u6301\u6539\u5584\u80a1\u4e1c\u56de\u62a5\u3002 2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u52a1\u66f4\u65b0\u3002\u9999\u6e2f\u7f6e\u5730\u5b9e\u73b0\u76c8\u5229\uff0c\u5411\u80a1\u4e1c\u4ea4\u4ed82.21\u4ebf\u7f8e\u5143\u7684\u5229\u6da6\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u5219\u4e8f\u635f8. 33\u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u671f\u6bcf\u80a1\u5206\u7ea2\u4fdd\u6301\u57280.06\u7f8e\u5143\uff0c\u4e0e\u53bb\u5e74\u6301\u5e73\u3002\u5bf9\u4e8e2025\u5e74\u4e0b\u534a\u5e74\uff0c\u96c6\u56e2\u9884\u8ba1\u8d21\u732e\u5c06\u53d7\u5230\u9999\u6e2f\u529e\u516c\u79df\u91d1\u4e0b\u6ed1\u548cLANDMARK\u6301\u7eed\u7ffb\u65b0\u5f71\u54cd\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u5e7f\u6838\u77ff\u4e1a (1164 HK)\uff1a\u94c0\u4ef7\u53cd\u5f39 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a2.60\uff0c\u76ee\u6807\u4ef7\uff1a3.00\uff0c\u6b62\u635f\u4ef7\uff1a2.40 \u4e2d\u5e7f\u6838\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e3b\u8981\u4ece\u4e8b\u5929\u7136\u94c0\u8d38\u6613\u4e1a\u52a1\u7684\u516c\u53f8\u3002\u8be5\u516c\u53f8\u901a\u8fc7\u4e09\u4e2a\u5206\u90e8\u8fd0\u8425\u4e1a\u52a1\u3002\u5929\u7136\u94c0\u8d38\u6613\u5206\u90e8\u4ece\u4e8b\u5929\u7136\u94c0\u8d38\u6613\u4e1a\u52a1\u3002\u7269\u4e1a\u6295\u8d44\u5206\u90e8\u4ece\u4e8b\u79df\u8d41\u4e1a\u52a1\u3002\u5176\u4ed6\u6295\u8d44\u5206\u90e8\u4ece\u4e8b\u6295\u8d44\u6d3b\u52a8\u3002 \u94c0\u4ef7\u53cd\u5f39\u30029\u6708\u4efd\uff0c\u7f8e\u56fd\u94c0\u671f\u8d27\u4ef7\u683c\u5347\u81f3\u6bcf\u78c575\u7f8e\u5143\u4ee5\u4e0a\uff0c\u521b\u4e24\u4e2a\u6708\u65b0\u9ad8\uff0c\u4e3b\u8981\u53d7\u77ed\u671f\u4f9b\u5e94\u98ce\u9669\u53ca\u957f\u671f\u9700\u6c42\u9884\u671f\u589e\u5f3a\u7684\u63a8\u52a8\u3002\u5168\u7403\u7b2c\u4e8c\u5927\u94c0\u77ff\u5546\u52a0\u62ff\u5927Cameco\u56e0\u8428\u65af\u5580\u5f7b\u6e29\u7701McArthur River\u77ff\u6269\u5efa\u5de5\u7a0b\u5ef6\u8fdf\uff0c\u4e0b\u8c03\u4e86\u5168\u5e74\u4ea7\u91cf\u6307\u5f15\u3002\u540c\u65f6\uff0c\u5168\u7403\u6700\u5927\u94c0\u751f\u4ea7\u5546Kazatomprom\u5ba3\u5e03\u8ba1\u5212\u660e\u5e74\u51cf\u4ea710%\uff0c\u7406\u7531\u662f\u73b0\u8d27\u94c0\u5e02\u573a\u6ce2\u52a8\u52a0\u5267\u3002\u5728\u9700\u6c42\u65b9\u9762\uff0c\u5370\u5ea6\u5ba3\u5e03\u52302047\u5e74\u5c06\u6838\u7535\u88c5\u673a\u5bb9\u91cf\u63d0\u5347\u81f3\u5f53\u524d\u6c34\u5e73\u768413\u500d\uff0c\u5e76\u653e\u5bbd\u76f8\u5173\u76d1\u7ba1\uff0c\u5141\u8bb8\u79c1\u8425\u4f01\u4e1a\u5f00\u91c7\u548c\u52a0\u5de5\u94c0\u3002\u8fd9\u4e0e\u4e16\u754c\u6838\u80fd\u534f\u4f1a\u7684\u9884\u6d4b\u4e00\u81f4\uff0c\u8be5\u534f\u4f1a\u9884\u8ba1\uff0c\u52302030\u5e74\u7528\u4e8e\u6838\u7535\u7684\u94c0\u9700\u6c42\u5c06\u589e\u52a028%\uff0c\u4e3b\u8981\u53d7\u5404\u56fd\u653f\u5e9c\u4f18\u5148\u8003\u8651\u80fd\u6e90\u5b89\u5168\u4ee5\u53ca\u6570\u636e\u4e2d\u5fc3\u5bf9\u7535\u529b\u9700\u6c42\u589e\u957f\u7684\u63a8\u52a8\u3002 \u94c0\u671f\u8d27\u4ef7\u683c (Source: Bloomberg) \u4e2d\u56fd\u52a0\u901f\u6838\u80fd\u6269\u5f20\uff0c\u56fd\u5185\u94c0\u8d44\u6e90\u652f\u6301\u4fdd\u969c\u4f9b\u5e94\u30022025\u5e744\u6708\uff0c\u4e2d\u56fd\u56fd\u52a1\u9662\u6279\u51c6\u5efa\u8bbe10\u5ea7\u65b0\u589e\u6838\u53cd\u5e94\u5806\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u5c06\u6838\u80fd\u4f5c\u4e3a\u6e05\u6d01\u80fd\u6e90\u8f6c\u578b\u6838\u5fc3\u7684\u6218\u7565\u627f\u8bfa\u3002\u8fd9\u662f\u4e2d\u56fd\u8fde\u7eed\u7b2c\u56db\u5e74\u6279\u51c6\u81f3\u5c1110\u5ea7\u65b0\u6838\u7535\u7ad9\u3002 \u76ee\u524d\uff0c\u4e2d\u56fd\u5728\u5efa\u6838\u7535\u673a\u7ec4\u6570\u91cf\u8fbe30\u5ea7\uff0c\u5360\u5168\u7403\u5728\u5efa\u603b\u91cf\u8fd1\u4e00\u534a\u3002\u6309\u6b64\u8d8b\u52bf\u53d1\u5c55\uff0c\u4e2d\u56fd\u6709\u671b\u5728\u672c\u5341\u5e74\u672b\u8d85\u8d8a\u7f8e\u56fd\uff0c\u6210\u4e3a\u5168\u7403\u6700\u5927\u7684\u6838\u80fd\u751f\u4ea7\u56fd\u3002\u4e2d\u56fd\u7535\u529b\u4f01\u4e1a\u8054\u5408\u4f1a\u9884\u8ba1\uff0c\u5230\u4eca\u5e74\u5e74\u5e95\uff0c\u5168\u56fd\u6838\u7535\u88c5\u673a\u5bb9\u91cf\u5c06\u8fbe\u523065\u5409\u74e6\uff0c\u8f832024\u5e74\u4e0d\u523060\u5409\u74e6\u6709\u6240\u63d0\u5347\u3002\u8fdb\u4e00\u6b65\u5f3a\u5316\u8fd9\u4e00\u53d1\u5c55\u52bf\u5934\u7684\u662f\uff0c\u4e2d\u56fd\u8fd1\u671f\u5ba3\u5e03\u5728\u9102\u5c14\u591a\u65af\u6c99\u6f20\u53d1\u73b03,000\u4e07\u5428\u94c0\u77ff\u50a8\u91cf\uff0c\u4e3a\u5168\u7403\u6700\u5927\u89c4\u6a21\u4e4b\u4e00\u3002\u8fd9\u4e00\u53d1\u73b0\u7684\u65f6\u673a\u4e0e\u4e2d\u56fd\u5f53\u524d\u52a0\u901f\u6838\u7535\u5efa\u8bbe\u9ad8\u5ea6\u5951\u5408\uff0c\u5305\u62ec\u76ee\u524d\u6b63\u5728\u5efa\u8bbe\u768411\u5ea7\u53cd\u5e94\u5806\u3002\u8fd9\u4e00\u5e9e\u5927\u7684\u56fd\u5185\u94c0\u8d44\u6e90\u6709\u671b\u589e\u5f3a\u56fd\u5bb6\u80fd\u6e90\u5b89\u5168\uff0c\u51cf\u5c11\u5bf9\u8fdb\u53e3\u7684\u4f9d\u8d56\uff0c\u5e76\u4e3a\u4e0d\u65ad\u6269\u5f20\u7684\u6838\u7535\u673a\u7ec4\u63d0\u4f9b\u957f\u671f\u7a33\u5b9a\u7684\u71c3\u6599\u4fdd\u969c\u3002\u80fd\u6e90\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u8be5\u94c0\u77ff\u53ef\u6ee1\u8db3\u56fd\u5185\u6570\u4ee3\u4eba\u5bf9\u6838\u80fd\u7684\u9700\u6c42\uff0c\u5728\u5168\u7403\u80fd\u6e90\u683c\u5c40\u65e5\u8d8b\u4e0d\u786e\u5b9a\u7684\u80cc\u666f\u4e0b\u63d0\u4f9b\u91cd\u8981\u7a33\u5b9a\u6027\u3002\u968f\u7740\u4e2d\u56fd\u52a0\u5feb\u6838\u7535\u90e8\u7f72\uff0c\u94c0\u9700\u6c42\u9884\u8ba1\u5c06\u5927\u5e45\u4e0a\u5347\uff0c\u4e3a\u4e2d\u5e7f\u6838\u77ff\u4e1a\u7b49\u94c0\u4f9b\u5e94\u5546\u521b\u9020\u957f\u671f\u589e\u957f\u673a\u9047\u3002 \u4e2d\u5e7f\u6838\u77ff\u4e1a\u5ef6\u957f\u4e0e\u9644\u5c5e\u516c\u53f8\u7684\u6846\u67b6\u534f\u8bae\u3002\u4e2d\u5e7f\u6838\u77ff\u4e1a\u6709\u9650\u516c\u53f8\u8fd1\u65e5\u5ba3\u5e03\uff0c\u5c06\u4e0e\u5176\u9644\u5c5e\u516c\u53f8\u5c31\u5929\u7136\u94c0\u9500\u552e\u53ca\u91d1\u878d\u670d\u52a1\u7684\u6846\u67b6\u534f\u8bae\u8fdb\u884c\u7eed\u7b7e\uff0c\u534f\u8bae\u6709\u6548\u671f\u5c06\u5ef6\u957f\u4e09\u5e74\uff0c\u81ea2026\u5e741\u6708\u8d77\u751f\u6548\u3002\u6839\u636e\u9999\u6e2f\u4e0a\u5e02\u89c4\u5219\uff0c\u8be5\u7b49\u534f\u8bae\u6784\u6210\u4e3b\u8981\u4ea4\u6613\u53ca\u6301\u7eed\u5173\u8054\u4ea4\u6613\uff0c\u987b\u83b7\u5f97\u72ec\u7acb\u80a1\u4e1c\u6279\u51c6\uff0c\u5e76\u9700\u5c65\u884c\u5e74\u5ea6\u62ab\u9732\u548c\u5408\u89c4\u5ba1\u67e5\u4e49\u52a1\u3002\u6b64\u6b21\u534f\u8bae\u5ef6\u671f\u6709\u52a9\u4e8e\u516c\u53f8\u7ef4\u6301\u4e1a\u52a1\u8fde\u7eed\u6027\uff0c\u5e76\u8fdb\u4e00\u6b65\u5de9\u56fa\u5176\u5728\u4e2d\u5e7f\u6838\u96c6\u56e2\u6838\u71c3\u6599\u53ca\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u4e00\u4f53\u5316\u8fd0\u8425\u89d2\u8272\u3002 2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u4e0b\u964d58.0%\uff0c\u81f317.1\u4ebf\u6e2f\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a40.7\u4ebf\u6e2f\u5143\u3002\u51c0\u4e8f\u635f\u4e3a6,760\u4e07\u6e2f\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c2024\u5e74\u540c\u671f\u51c0\u5229\u6da6\u4e3a1.131\u4ebf\u6e2f\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3(0.89)\u6e2f\u4ed9\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.49\u6e2f\u4ed9\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a90 \u76ee\u6807\u4ef7\uff1a110\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-19-sep-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=\"2025-09-18T23:00:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-09-19T02:11:02+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\u5e749\u670819\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 \u9999\u6e2f\u7f6e\u5730 (HKL SP): \u5728\u964d\u606f\u73af\u5883\u4e2d\u7684\u6295\u8d44\u7ec4\u5408\u91cd\u65b0\u5b9a\u4f4d \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a6.60\uff0c\u76ee\u6807\u4ef7\uff1a7.20\uff0c\u6b62\u635f\u4ef7\uff1a6.30 \u9999\u6e2f\u7f6e\u5730\u662f\u4e00\u5bb6\u4e3b\u8981\u7684\u4e0a\u5e02\u623f\u5730\u4ea7\u6295\u8d44\u3001\u7ba1\u7406\u548c\u5f00\u53d1\u96c6\u56e2\u3002\u8be5\u96c6\u56e2\u5728\u9999\u6e2f\u3001\u65b0\u52a0\u5761\u3001\u5317\u4eac\u548c\u96c5\u52a0\u8fbe\u7b49\u4e3b\u8981\u4e9a\u6d32\u57ce\u5e02\u62e5\u6709\u5e76\u7ba1\u7406\u8d85\u8fc7850,000\u5e73\u65b9\u7c73\u7684\u4f18\u8d28\u5199\u5b57\u697c\u548c\u5962\u4f88\u96f6\u552e\u7269\u4e1a\u3002\u96c6\u56e2\u8fd8\u5728\u4e2d\u56fd\u548c\u4e1c\u5357\u4e9a\u7684\u591a\u4e2a\u57ce\u5e02\u5f00\u53d1\u4e00\u7cfb\u5217\u9ad8\u54c1\u8d28\u7684\u4f4f\u5b85\u3001\u5546\u4e1a\u548c\u6df7\u5408\u7528\u9014\u9879\u76ee\uff0c\u5305\u62ec\u5728\u4e0a\u6d77\u897f\u5cb8\u7684\u4e00\u4e2a110\u4e07\u5e73\u65b9\u7c73\u6df7\u5408\u7528\u9014\u9879\u76ee\u4e2d\u6301\u670943%\u7684\u80a1\u4efd\u3002 \u8d44\u672c\u56de\u6536\u4e0e\u8f6c\u578b\u4e3a\u57fa\u91d1\u7ba1\u7406\u3002\u9999\u6e2f\u7f6e\u5730\u6b63\u4ece\u5efa\u9020\u9500\u552e\u6a21\u5f0f\u8f6c\u578b\u4e3a\u8d44\u672c\u56de\u6536\u548c\u57fa\u91d1\u7ba1\u7406\u6a21\u5f0f\uff0c\u76ee\u6807\u52302035\u5e74\u5b9e\u73b0\u9ad8\u8fbe100\u4ebf\u7f8e\u5143\u7684\u8d44\u672c\u56de\u6536\uff0c\u5176\u4e2d60\u4ebf\u7f8e\u5143\u6765\u81ea\u5f00\u53d1\u9879\u76ee\u7684\u7ed3\u675f\uff0c40\u4ebf\u7f8e\u5143\u6765\u81ea\u6295\u8d44\u7269\u4e1a\u7684\u51fa\u552e\u3002\u6240\u5f97\u8d44\u91d1\u5c06\u7528\u4e8e\u6269\u5927\u7b2c\u4e09\u65b9\u8d44\u672c\u5e76\u63d0\u5347\u7ecf\u5e38\u6027\u6536\u5165\uff0c\u7ba1\u7406\u5c42\u8ba1\u5212\u5c06\u8d44\u4ea7\u7ba1\u7406\u89c4\u6a21\u4ece400\u4ebf\u7f8e\u5143\u6269\u5927\u5230\u9ad8\u8fbe1000\u4ebf\u7f8e\u5143\uff0c\u540c\u65f6\u5c06\u7a0e\u524d\u5229\u6da6\u548c\u6bcf\u80a1\u5206\u7ea2\u53cc\u500d\u589e\u957f\u3002\u65b0\u8d44\u672c\u5c06\u96c6\u4e2d\u5728\u4e9a\u6d32\u95e8\u6237\u57ce\u5e02\u7684\u8d85\u9ad8\u7aef\u7efc\u5408\u5546\u4e1a\u8d44\u4ea7\u4e0a\uff0c\u4f18\u8d28\u8d44\u4ea7\u7684\u5438\u5f15\u529b\u652f\u6491\u4e86\u7a33\u5b9a\u7684\u73b0\u91d1\u6d41\uff0c\u5e76\u4e0e\u96c6\u56e2\u7684\u6838\u5fc3\u7ade\u4e89\u529b\u76f8\u5339\u914d\u3002 \u53d7\u76ca\u4e8e\u964d\u606f\u7684\u8d44\u4ea7\u53d8\u73b0\u3002\u6700\u8fd1\u7f8e\u8054\u50a8\u964d\u606f25\u4e2a\u57fa\u70b9\u53ef\u80fd\u4f1a\u652f\u6301\u6295\u8d44\u8005\u60c5\u7eea\uff0c\u5e76\u6539\u5584\u8d44\u4ea7\u53d8\u73b0\u7684\u80cc\u666f\u3002\u9999\u6e2f\u7f6e\u5730\u5df2\u901a\u8fc763\u4ebf\u6e2f\u5143\u51fa\u552e\u4ea4\u6613\u5e7f\u573a\uff0c\u8fbe\u6210\u4e86\u517640\u4ebf\u7f8e\u51432027\u5e74\u56de\u6536\u76ee\u6807\u768430%\u3002\u516c\u53f8\u6b63\u5728\u8bc4\u4f30\u5916\u90e8\u5316\u5de5\u5177\uff0c\u5982\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u57fa\u91d1\uff08REITs\uff09\u6216\u79c1\u52df\u57fa\u91d1\uff0c\u4ee5\u5728\u4fdd\u7559\u7ba1\u7406\u63a7\u5236\u6743\u7684\u60c5\u51b5\u4e0b\u8fdb\u884c\u8d44\u4ea7\u56de\u6536\u3002\u6f5c\u5728\u7684\u5265\u79bb\uff0c\u5305\u62ec\u51fa\u552eMCL Land\u6216\u90e8\u5206\u80a1\u4efd\u5728MBFC\u548cOne Raffles Quay\uff0c\u53ef\u80fd\u4f1a\u89e3\u9501\u8fdb\u4e00\u6b65\u7684\u4ef7\u503c\uff0c\u63d0\u4f9b\u8d44\u91d1\u7075\u6d3b\u6027\uff0c\u5e76\u652f\u6301\u6539\u5584\u80a1\u4e1c\u56de\u62a5\u3002 2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u52a1\u66f4\u65b0\u3002\u9999\u6e2f\u7f6e\u5730\u5b9e\u73b0\u76c8\u5229\uff0c\u5411\u80a1\u4e1c\u4ea4\u4ed82.21\u4ebf\u7f8e\u5143\u7684\u5229\u6da6\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u5219\u4e8f\u635f8. 33\u4ebf\u7f8e\u5143\u3002\u5176\u4e2d\u671f\u6bcf\u80a1\u5206\u7ea2\u4fdd\u6301\u57280.06\u7f8e\u5143\uff0c\u4e0e\u53bb\u5e74\u6301\u5e73\u3002\u5bf9\u4e8e2025\u5e74\u4e0b\u534a\u5e74\uff0c\u96c6\u56e2\u9884\u8ba1\u8d21\u732e\u5c06\u53d7\u5230\u9999\u6e2f\u529e\u516c\u79df\u91d1\u4e0b\u6ed1\u548cLANDMARK\u6301\u7eed\u7ffb\u65b0\u5f71\u54cd\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4e2d\u5e7f\u6838\u77ff\u4e1a (1164 HK)\uff1a\u94c0\u4ef7\u53cd\u5f39 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River\u77ff\u6269\u5efa\u5de5\u7a0b\u5ef6\u8fdf\uff0c\u4e0b\u8c03\u4e86\u5168\u5e74\u4ea7\u91cf\u6307\u5f15\u3002\u540c\u65f6\uff0c\u5168\u7403\u6700\u5927\u94c0\u751f\u4ea7\u5546Kazatomprom\u5ba3\u5e03\u8ba1\u5212\u660e\u5e74\u51cf\u4ea710%\uff0c\u7406\u7531\u662f\u73b0\u8d27\u94c0\u5e02\u573a\u6ce2\u52a8\u52a0\u5267\u3002\u5728\u9700\u6c42\u65b9\u9762\uff0c\u5370\u5ea6\u5ba3\u5e03\u52302047\u5e74\u5c06\u6838\u7535\u88c5\u673a\u5bb9\u91cf\u63d0\u5347\u81f3\u5f53\u524d\u6c34\u5e73\u768413\u500d\uff0c\u5e76\u653e\u5bbd\u76f8\u5173\u76d1\u7ba1\uff0c\u5141\u8bb8\u79c1\u8425\u4f01\u4e1a\u5f00\u91c7\u548c\u52a0\u5de5\u94c0\u3002\u8fd9\u4e0e\u4e16\u754c\u6838\u80fd\u534f\u4f1a\u7684\u9884\u6d4b\u4e00\u81f4\uff0c\u8be5\u534f\u4f1a\u9884\u8ba1\uff0c\u52302030\u5e74\u7528\u4e8e\u6838\u7535\u7684\u94c0\u9700\u6c42\u5c06\u589e\u52a028%\uff0c\u4e3b\u8981\u53d7\u5404\u56fd\u653f\u5e9c\u4f18\u5148\u8003\u8651\u80fd\u6e90\u5b89\u5168\u4ee5\u53ca\u6570\u636e\u4e2d\u5fc3\u5bf9\u7535\u529b\u9700\u6c42\u589e\u957f\u7684\u63a8\u52a8\u3002 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u4e0b\u964d58.0%\uff0c\u81f317.1\u4ebf\u6e2f\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a40.7\u4ebf\u6e2f\u5143\u3002\u51c0\u4e8f\u635f\u4e3a6,760\u4e07\u6e2f\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c2024\u5e74\u540c\u671f\u51c0\u5229\u6da6\u4e3a1.131\u4ebf\u6e2f\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3(0.89)\u6e2f\u4ed9\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.49\u6e2f\u4ed9\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a90 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u8425\u6536\u540c\u6bd4\u4e0b\u964d58.0%\uff0c\u81f317.1\u4ebf\u6e2f\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a40.7\u4ebf\u6e2f\u5143\u3002\u51c0\u4e8f\u635f\u4e3a6,760\u4e07\u6e2f\u5143\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c2024\u5e74\u540c\u671f\u51c0\u5229\u6da6\u4e3a1.131\u4ebf\u6e2f\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u964d\u81f3(0.89)\u6e2f\u4ed9\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.49\u6e2f\u4ed9\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u4f18\u6b65\u79d1\u6280 (UBER US): \u52a0\u5f3a\u5176\u81ea\u52a8\u9a7e\u9a76\u8f66\u8f86\u9635\u5bb9 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a90 \u76ee\u6807\u4ef7\uff1a110","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-19-sep-2025-zh\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2025-09-18T23:00:00+00:00","article:modified_time":"2025-09-19T02:11:02+00:00","twitter:card":"summary","twitter:title":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e749\u670819\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 \u9999\u6e2f\u7f6e\u5730 (HKL SP): 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