{"id":78471,"date":"2025-10-06T09:59:10","date_gmt":"2025-10-06T01:59:10","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=78471"},"modified":"2025-10-06T10:03:57","modified_gmt":"2025-10-06T02:03:57","slug":"kgi-daily-trading-ideas-06-oct-2025-ch","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-06-oct-2025-ch\/","title":{"rendered":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e7410\u67086\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=\"1918\" height=\"857\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12.png\" alt=\"A screenshot of a computer screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-78538\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12.png 1918w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12-300x134.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12-1024x458.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12-768x343.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-12-1536x686.png 1536w\" sizes=\"(max-width: 1918px) 100vw, 1918px\" \/><\/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\/10\/a-screen-shot-of-a-screen-ai-generated-content-ma-2.png\" alt=\"A screen shot of a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-78539\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-screen-ai-generated-content-ma-2.png 1071w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-screen-ai-generated-content-ma-2-300x77.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-screen-ai-generated-content-ma-2-1024x262.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-screen-ai-generated-content-ma-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\/10\/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-78540\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-chart-ai-generated-content-may-6.png 915w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screen-shot-of-a-chart-ai-generated-content-may-6-300x92.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/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\/10\/word-image-78471-4.png\" alt=\"\" class=\"wp-image-78541\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-4-300x64.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-78471-_qqv3rtx8nazp\"><\/a><a id=\"post-78471-_ylayyh7qqd99\"><\/a>\u9999\u6e2f<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1918\" height=\"850\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13.png\" alt=\"A screenshot of a computer\n\nAI-generated content may be incorrect.\" class=\"wp-image-78542\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13.png 1918w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13-300x133.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13-1024x454.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13-768x340.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-ai-generated-content-m-13-1536x681.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\/10\/word-image-78471-6.png\" alt=\"\" class=\"wp-image-78543\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-6-300x64.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\/10\/word-image-78471-7.png\" class=\"wp-image-78544\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-7.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-7-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.47\uff0c\u76ee\u6807\u4ef7\uff1a0.53\uff0c\u6b62\u635f\u4ef7\uff1a0.44<\/strong><br>  <\/li>\n\n\n\n<li>\u6cf0\u56fd\u996e\u6599\u516c\u5171\u6709\u9650\u516c\u53f8\u5728\u6cf0\u56fd\u751f\u4ea7\u591a\u79cd\u54c1\u724c\u7684\u5564\u9152\u548c\u70c8\u9152\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6218\u7565\u6269\u5f20\u8ba1\u5212\u3002<\/strong>\u6cf0\u996e\u7684\u201cPASSION 2030\u201d\u8def\u7ebf\u56fe\u4f53\u73b0\u4e86\u5176\u5de9\u56fa\u4e1c\u5357\u4e9a\u9886\u5148\u98df\u54c1\u548c\u996e\u6599\u516c\u53f8\u5730\u4f4d\u7684\u96c4\u5fc3\u58ee\u5fd7\u3002\u901a\u8fc7\u52302026\u5e74\u7684210\u4ebf\u6cf0\u94e2\u8d44\u672c\u8ba1\u5212\uff0c\u8be5\u96c6\u56e2\u4f18\u5148\u8003\u8651\u901a\u8fc7\u201c\u7ade\u4e89\u6027\u8986\u76d6\u201d\u548c\u201c\u6570\u5b57\u5316\u589e\u957f\u201d\u4e24\u5927\u652f\u67f1\u5b9e\u73b0\u66f4\u6df1\u5c42\u6b21\u7684\u5e02\u573a\u6e17\u900f\u3002\u6536\u8d2d\u5f17\u96f7\u6cfd\u4e0e\u5c3c\u592b\uff08F&N\uff09\u5c06\u6cf0\u996e\u7684\u80a1\u4efd\u63d0\u9ad8\u81f3\u8fd170%\uff0c\u4e3a19\u4ebf\u6d88\u8d39\u8005\u7684\u6e05\u771f\u5e02\u573a\u63d0\u4f9b\u4e86\u91cd\u8981\u7684\u8fdb\u5165\u673a\u4f1a\uff0c\u5f00\u542f\u4e86\u4e1c\u76df\u53ca\u5176\u4ed6\u5730\u533a\u7a46\u65af\u6797\u4e3b\u5bfc\u5e02\u573a\u7684\u957f\u671f\u673a\u4f1a\u3002\u8fd9\u4e00\u6218\u7565\u4f19\u4f34\u5173\u7cfb\u8fd8\u6269\u5927\u4e86\u5bf9\u975e\u9152\u7cbe\u996e\u6599\u548c\u529f\u80fd\u6027\u996e\u6599\u7684\u66dd\u5149\uff0c\u589e\u5f3a\u4e86\u9664\u70c8\u9152\u548c\u5564\u9152\u4e4b\u5916\u7684\u4ea7\u54c1\u7ec4\u5408\u591a\u6837\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7a33\u5b9a\u7684\u6838\u5fc3\u4e1a\u52a1\u4e0e\u9009\u62e9\u6027\u589e\u957f\u5f15\u64ce\u3002<\/strong>\u5c3d\u7ba1\u8d8a\u5357\u548c\u6cf0\u56fd\u7684\u5b8f\u89c2\u73af\u5883\u5177\u6709\u6311\u6218\u6027\uff0c\u6cf0\u996e\u4ecd\u5c55\u73b0\u51fa\u97e7\u6027\uff0c\u96c6\u56e2\u6536\u5165\u5728\u622a\u81f32025\u5e746\u6708\u7684\u4e5d\u4e2a\u6708\u5185\u4fdd\u6301\u57282586\u4ebf\u6cf0\u94e2\u3002\u5564\u9152\u4f9d\u7136\u662f\u4eae\u70b9\uff0c\u9500\u91cf\u589e\u957f4.8%\uff0cEBITDA\u56e0\u6210\u672c\u6548\u7387\u6539\u5584\u800c\u589e\u957f4%\uff0c\u800c\u70c8\u9152\u90e8\u95e8\u5728\u54c1\u724c\u6295\u8d44\u52a0\u5927\u7684\u60c5\u51b5\u4e0b\u4ecd\u4fdd\u6301\u5e02\u573a\u9886\u5bfc\u5730\u4f4d\u3002\u65b0\u63a8\u51fa\u7684\u9ad8\u7aef\u4ea7\u54c1\uff0c\u5982PRAKAAN\u5355\u4e00\u9ea6\u82bd\u5a01\u58eb\u5fcc\uff0c\u4e0d\u4ec5\u63a8\u52a8\u4e86\u5229\u6da6\u589e\u957f\uff0c\u4e5f\u63d0\u5347\u4e86\u6cf0\u996e\u7684\u56fd\u9645\u5f62\u8c61\u3002\u7ed3\u5408\u4ee5\u6210\u672c\u4e3a\u5bfc\u5411\u7684\u6570\u5b57\u5316\u4e3e\u63aa\u548c\u6269\u5927\u5206\u9500\u8303\u56f4\uff0c\u8fd9\u4e9b\u4e3e\u63aa\u4e3a\u7a33\u5b9a\u73b0\u91d1\u751f\u6210\u6253\u4e0b\u57fa\u7840\uff0c\u540c\u65f6\u521b\u9020\u4e86\u9ad8\u7aef\u9a71\u52a8\u7684\u589e\u957f\u673a\u4f1a\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong>\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-78545\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-18.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\/10\/a-blue-and-white-rectangular-object-with-numbers-18.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-18-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\n  <img loading=\"lazy\" decoding=\"async\" width=\"1257\" height=\"532\" alt=\"A graph with lines and numbers\n\nAI-generated content may be incorrect.\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-4.jpeg\" class=\"wp-image-78546\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-4.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-4-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-4-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-4-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/>\n   (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/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\/10\/a-long-line-of-a-white-background-description-aut-5.jpeg\" class=\"wp-image-78547\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-long-line-of-a-white-background-description-aut-5.jpeg 752w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-long-line-of-a-white-background-description-aut-5-300x64.jpeg 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/figure> <\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6<\/strong><br>  <\/li>\n\n\n\n<li>\u76ca\u8d44\u6e90\u6709\u9650\u516c\u53f8\u751f\u4ea7\u7c97\u68d5\u6988\u6cb9\u3002\u516c\u53f8\u662f\u4e00\u5bb6\u4e0a\u6e38\u8fd0\u8425\u5546\uff0c\u4e3b\u8981\u4e1a\u52a1\u6d3b\u52a8\u5305\u62ec\u6cb9\u68d5\u7684\u79cd\u690d\u548c\u6536\u5272\uff0c\u4ee5\u53ca\u5c06\u65b0\u9c9c\u679c\u4e32\u52a0\u5de5\u6210\u7c97\u68d5\u6988\u6cb9\u4ee5\u4f9b\u672c\u5730\u548c\u51fa\u53e3\u9500\u552e\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4ea7\u91cf\u589e\u957f\u548c\u5229\u6da6\u6269\u5f20\u5c06\u63d0\u5347\u5e95\u7ebf\u3002<\/strong>\u76ca\u8d44\u6e90\u57282025\u5e74\u4e0a\u534a\u5e74\u8868\u73b0\u5f3a\u52b2\uff0c\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f43.6%\uff0c\u8fbe\u52301.492\u4ebf\u7f8e\u5143\uff0c\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u6fc0\u589e56.3%\uff0c\u8fbe2.623\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u53d7\u76ca\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u9500\u91cf\u3002\u6210\u529f\u6536\u8d2d\u5965\u65af\u4e01\u591a\u7eb3\u65af\u5854\u5c14\u96c5\uff08ANJ\uff09\u4e8e5\u6708\u5b8c\u6210\uff0c\u6269\u5927\u4e86\u751f\u4ea7\u80fd\u529b\uff0c\u540c\u65f6\u65b0\u9c9c\u679c\u4e32\uff08FFB\uff09\u6536\u6210\u540c\u6bd4\u589e\u957f23.0%\uff0c\u8fbe\u5230200\u4e07\u5428\uff0c\u7c97\u68d5\u6988\u6cb9\uff08CPO\uff09\u4ea7\u91cf\u540c\u6bd4\u589e\u957f28.9%\uff0c\u8fbe\u5230554,519\u5428\u3002\u5c55\u671b\u672a\u6765\uff0c\u5b63\u8282\u6027\u66f4\u9ad8\u7684\u4ea7\u91cf\u548cANJ\u7684\u5168\u5e74\u6574\u5408\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u9500\u91cf\u3002\u518d\u52a0\u4e0a\u6539\u8fdb\u7684\u9500\u552e\u7ec4\u5408\u548c\u6210\u672c\u6548\u7387\u7684\u63d0\u5347\uff0c\u5373\u4f7f\u77ed\u671f\u5185\u4ef7\u683c\u56de\u843d\uff0c\u5229\u6da6\u7387\u4e5f\u6709\u671b\u6269\u5927\uff0c\u8fdb\u4e00\u6b65\u589e\u5f3a\u76ca\u8d44\u6e90\u7684\u76c8\u5229\u97e7\u6027\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u539f\u68d5\u6cb9\u4ef7\u683c<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1257\" height=\"552\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-5.jpeg\" alt=\"A graph with lines and numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-78548\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-5.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-5-300x132.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-5-1024x450.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-lines-and-numbers-ai-generated-conte-5-768x337.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u653f\u7b56\u5229\u597d\u548c\u5f3a\u52b2\u9700\u6c42\u652f\u6301\u4ef7\u683c\u3002<\/strong>\u76ca\u8d44\u6e90\u5c06\u53d7\u76ca\u4e8e\u5370\u5c3cB40\u751f\u7269\u67f4\u6cb9\u5f3a\u5236\u653f\u7b56\u5e26\u6765\u7684\u652f\u6301\u6027\u9700\u6c42\uff0c\u9884\u8ba12026\u5e74\u5c06\u63a8\u884cB50\u5f3a\u5236\u653f\u7b56\uff0c\u8fd9\u5c06\u63d0\u9ad8\u56fd\u5185\u68d5\u6988\u6cb9\u6d88\u8d39\u3002\u5728\u51fa\u53e3\u65b9\u9762\uff0c\u4e2d\u56fd\u5df2\u8bf7\u6c42\u957f\u671fCPO\u4f9b\u5e94\u627f\u8bfa\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa\u68d5\u6988\u6cb9\u5728\u5168\u7403\u8d38\u6613\u4e2d\u7684\u6218\u7565\u5546\u54c1\u5730\u4f4d\u3002\u5370\u5ea6\u8fd1\u671f\u7684\u8fdb\u53e3\u5173\u7a0e\u524a\u51cf\u548c\u8282\u65e5\u5907\u8d27\u5c06\u63d0\u5347\u8fd1\u671f\u9700\u6c42\uff0c\u800c\u9884\u8ba1\u52302025\u5e74\u5e95\u9a6c\u6765\u897f\u4e9a\u5e93\u5b58\u4e0b\u964d\u81f3170\u4e07\u5428\uff0c\u4e5f\u53ef\u80fd\u63d0\u4f9b\u8fdb\u4e00\u6b65\u7684\u4ef7\u683c\u652f\u6301\u3002\u5c3d\u7ba1\u9762\u4e34\u5927\u8c46\u6cb9\u66ff\u4ee3\u548c\u5370\u5c3c\u51fa\u53e3\u7a0e\u63d0\u9ad8\u7684\u963b\u529b\uff0c\u68d5\u6988\u6cb9\u4ecd\u7136\u5728\u6210\u672c\u4e0a\u5177\u5907\u7ade\u4e89\u529b\uff0c\u7ef4\u6301\u5f3a\u52b2\u7684\u5168\u7403\u9700\u6c42\u3002\u8fd9\u4e9b\u653f\u7b56\u548c\u6d88\u8d39\u7684\u5229\u597d\u56e0\u7d20\u4e3a\u76ca\u8d44\u6e90\u7684\u6536\u5165\u53ef\u89c1\u6027\u63d0\u4f9b\u4e86\u826f\u597d\u7684\u80cc\u666f\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u3002<\/strong>2025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-78549\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-19.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\/10\/a-blue-and-white-rectangular-object-with-numbers-19.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-19-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\n  <img loading=\"lazy\" decoding=\"async\" width=\"1257\" height=\"532\" alt=\"A graph with a line graph\n\nAI-generated content may be incorrect.\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-a-line-graph-ai-generated-content-ma-3.jpeg\" class=\"wp-image-78550\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-a-line-graph-ai-generated-content-ma-3.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-a-line-graph-ai-generated-content-ma-3-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-a-line-graph-ai-generated-content-ma-3-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-with-a-line-graph-ai-generated-content-ma-3-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/>\n   (Source: Bloomberg)\n<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-14.png\" class=\"wp-image-78551\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-14.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-14-300x64.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\/10\/word-image-78471-15.png\" class=\"wp-image-78552\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-15.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-15-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure><a id=\"post-78471-_34eo5yf8y7pj\"><\/a><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 HK\uff09\uff1a\u53d7\u76ca\u4e8e\u56fd\u5185\u653f\u7b56\u652f\u6301<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a3.0\uff0c\u76ee\u6807\u4ef7\uff1a3.4\uff0c\u6b62\u635f\u4ef7\uff1a2.8<\/strong><br>  <\/li>\n\n\n\n<li>CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\u4e3b\u8981\u4ece\u4e8b\u7535\u5382\u7684\u8fd0\u8425\u3002\u516c\u53f8\u901a\u8fc7\u4e09\u4e2a\u90e8\u95e8\u5f00\u5c55\u4e1a\u52a1\u3002\u97e9\u56fd\u7535\u5382\u90e8\u95e8\u4ece\u4e8b\u7535\u529b\u7684\u751f\u4ea7\u548c\u4f9b\u5e94\uff1b\u4e2d\u56fd\u7535\u5382\u90e8\u95e8\u540c\u6837\u4ece\u4e8b\u7535\u529b\u7684\u751f\u4ea7\u548c\u4f9b\u5e94\uff1b\u7ba1\u7406\u516c\u53f8\u90e8\u95e8\u5219\u63d0\u4f9b\u5bf9CGN\u53ca\u5176\u5b50\u516c\u53f8\u8fd0\u8425\u7684\u7535\u5382\u7684\u7ba1\u7406\u670d\u52a1\u3002\u516c\u53f8\u4e3b\u8981\u7ecf\u8425\u98ce\u80fd\u3001\u592a\u9633\u80fd\u3001\u71c3\u6c14\u3001\u7164\u70ad\u3001\u77f3\u6cb9\u3001\u6c34\u7535\u3001\u8054\u5408\u53d1\u7535\u3001\u71c3\u6599\u7535\u6c60\u548c\u751f\u7269\u8d28\u9879\u76ee\uff0c\u8fd9\u4e9b\u9879\u76ee\u5728\u4e2d\u56fd\u548c\u97e9\u56fd\u7684\u7535\u529b\u5e02\u573a\u4e2d\u8fd0\u8425\u3002<br>  <\/li>\n\n\n\n<li><strong>\u4e2d\u56fd\u7b2c\u5341\u4e94\u4e2a\u4e94\u5e74\u89c4\u5212\u7684\u7ed3\u6784\u6027\u653f\u7b56\u652f\u6301\u3002<\/strong>\u4e2d\u56fd\u5373\u5c06\u4e8e2025\u5e7410\u6708\u6700\u7ec8\u786e\u5b9a\u7684\u7b2c\u5341\u4e94\u4e2a\u4e94\u5e74\u89c4\u5212\uff0c\u5c06\u4f18\u5148\u8003\u8651\u201c\u65b0\u8d28\u91cf\u751f\u4ea7\u529b\u201d\uff0c\u4ee5\u53ef\u518d\u751f\u80fd\u6e90\u4ea7\u80fd\u6269\u5c55\u548c\u7eff\u8272\u57fa\u7840\u8bbe\u65bd\u4e3a\u6838\u5fc3\u3002\u4f5c\u4e3a\u4e00\u5bb6\u56fd\u6709\u652f\u6301\u7684\u53ef\u518d\u751f\u80fd\u6e90\u5e73\u53f0\uff0cCGN\u65b0\u80fd\u6e90\u76f4\u63a5\u53d7\u76ca\u4e8e\u5f3a\u5236\u6027\u4ea7\u80fd\u589e\u52a0\u3002\u4e60\u8fd1\u5e73\u5728\u8054\u5408\u56fd\u7684\u516c\u544a\u4e2d\u8868\u793a\uff0c\u4e2d\u56fd\u5c06\u572810\u5e74\u5185\u5c06\u98ce\u80fd\u548c\u592a\u9633\u80fd\u88c5\u673a\u5bb9\u91cf\u63d0\u9ad8\u52302020\u5e74\u6c34\u5e73\u76846\u500d\uff0c\u5e76\u57282035\u5e74\u524d\u5c06\u975e\u5316\u77f3\u71c3\u6599\u7684\u6bd4\u4f8b\u63d0\u9ad8\u523030%\u4ee5\u4e0a\uff0c\u8fd9\u589e\u5f3a\u4e86\u957f\u671f\u9700\u6c42\u7684\u53ef\u89c1\u6027\u3002\u4f5c\u4e3aCGN\u96c6\u56e2\u7684\u4e00\u90e8\u5206\uff0cCGN\u4eab\u6709\u6267\u884c\u4f18\u52bf\u548c\u878d\u8d44\u4f18\u5148\u6743\uff0c\u76f8\u8f83\u4e8e\u79c1\u4eba\u8fd0\u8425\u5546\uff0c\u62e5\u6709\u7ed3\u6784\u6027\u589e\u957f\u7684\u786e\u5b9a\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6570\u5b57\u5316\u548c\u6570\u636e\u4e2d\u5fc3\u5e26\u6765\u7684\u9700\u6c42\u4e0a\u5347\u3002<\/strong>\u4e0e\u7eff\u8272\u653f\u7b56\u5e76\u884c\uff0c\u4e2d\u56fd\u6b63\u5728\u63a8\u52a8\u5feb\u901f\u7684\u6570\u5b57\u57fa\u7840\u8bbe\u65bd\u589e\u957f\u3002\u4ec5\u4e0a\u6d77\u8ba1\u5212\u52302025\u5e74\u5efa\u8bbe\u4e94\u4e2a\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\uff0c\u5e76\u76ee\u6807\u5b9e\u73b0AI\u8ba1\u7b97\u80fd\u529b\u8d85\u8fc7100 exaflops\uff0c\u56fd\u5bb6\u8ba1\u7b97\u80fd\u529b\u5df2\u8fbe\u5230246 exaflops\u3002\u8fd9\u4e00\u5bf9\u7535\u529b\u9700\u6c42\u5bc6\u96c6\u7684AI\u548c\u4e91\u8ba1\u7b97\u7684\u6fc0\u589e\uff0c\u9700\u8981\u7a33\u5b9a\u7684\u53ef\u518d\u751f\u7535\u529b\u6765\u6ee1\u8db3\u78b3\u51cf\u6392\u76ee\u6807\u548c\u80fd\u6e90\u5b89\u5168\u8981\u6c42\u3002CGN\u65b0\u80fd\u6e90\u7684\u5730\u57df\u591a\u6837\u5316\u548c\u7535\u7f51\u8fde\u901a\u6027\u5c06\u4f7f\u5176\u80fd\u591f\u6355\u6349\u6765\u81ea\u6570\u636e\u4e2d\u5fc3\u548c\u9ad8\u79d1\u6280\u5de5\u4e1a\u96c6\u7fa4\u7684\u65b0\u9700\u6c42\uff0c\u8fd9\u4e9b\u9700\u6c42\u5728\u7701\u7ea7\u6cd5\u89c4\u4e0b\u65e5\u76ca\u9700\u8981\u7eff\u8272\u7535\u529b\u91c7\u8d2d\u3002\u968f\u7740\u4e0eAI\u76f8\u5173\u7684\u80fd\u6e90\u4f7f\u7528\u4e0d\u65ad\u6269\u5927\uff0c\u5bf9\u53ef\u518d\u751f\u80fd\u6e90\u7684\u9700\u6c42\u4e5f\u5c06\u589e\u5f3a\uff0c\u8fdb\u4e00\u6b65\u4fc3\u8fdbCGN\u7684\u957f\u671f\u6536\u5165\u7a33\u5b9a\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6c14\u5019\u5916\u4ea4\u5f3a\u5316\u56fd\u5185\u8981\u6c42\u3002<\/strong>\u4e60\u8fd1\u5e73\u4e3b\u5e2d\u6700\u8fd1\u5728\u8054\u5408\u56fd\u627f\u8bfa\u52302035\u5e74\u5c06\u6e29\u5ba4\u6c14\u4f53\u6392\u653e\u91cf\u51cf\u5c117%-10%\uff0c\u8fd9\u662f\u4e2d\u56fd\u9996\u6b21\u4ece\u5cf0\u503c\u6c34\u5e73\u4f5c\u51fa\u627f\u8bfa\u3002\u5bf9\u4e8eCGN\u65b0\u80fd\u6e90\u6765\u8bf4\uff0c\u8fd9\u610f\u5473\u7740\u56fd\u6709\u516c\u7528\u4e8b\u4e1a\u7684\u53ef\u518d\u751f\u80fd\u6e90\u914d\u989d\u5c06\u589e\u52a0\uff0c\u4ee5\u53ca\u5bf9\u7eff\u8272\u878d\u8d44\u7684\u6301\u7eed\u652f\u6301\u3002\u4e2d\u56fd\u53ef\u80fd\u4f1a\u518d\u6b21\u52a0\u5f3a\u5176\u4f5c\u4e3a\u5168\u7403\u6e05\u6d01\u80fd\u6e90\u9886\u5bfc\u8005\u7684\u89d2\u8272\u3002\u8fd9\u589e\u5f3a\u4e86\u56fd\u5185\u53ef\u518d\u751f\u80fd\u6e90\u7684\u653f\u7b56\u786e\u5b9a\u6027\uff0c\u5e76\u652f\u6301\u50cfCGN\u65b0\u80fd\u6e90\u8fd9\u6837\u7684\u516c\u53f8\u8fdb\u4e00\u6b65\u56fd\u9645\u6269\u5f20\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002<\/strong>\u6536\u5165\u4e3a8.565\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d12.8%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e749.823\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u516c\u53f8\u80a1\u4e1c\u7684\u5229\u6da6\u4e3a1.635\u4ebf\u7f8e\u5143\uff0c\u6bd42024\u5e74\u4e0a\u534a\u5e74\u51cf\u5c112,000\u4e07\u7f8e\u5143\u621610.9%\uff0c\u5f53\u65f6\u4e3a1.835\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u671f\u5185\u7684\u5229\u6da6\u4e3a1.689\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d11.5%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e741.908\u4ebf\u7f8e\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a3.81\u7f8e\u5206\uff0c\u4f4e\u4e8e2024\u5e74\u4e0a\u534a\u5e74\u76844.28\u7f8e\u5206\u3002\u672a\u5ba3\u5e03\u4e2d\u671f\u80a1\u606f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-78553\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-20.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\/10\/a-blue-and-white-rectangular-object-with-numbers-20.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-20-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1257\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-17.jpeg\" alt=\"\" class=\"wp-image-78554\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-17.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-17-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-17-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-17-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-18.png\" class=\"wp-image-78555\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-18.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-18-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/strong><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">JL Mag \u7a00\u571f\u6709\u9650\u516c\u53f8 (6680 HK): \u53d8\u73b0\u653f\u7b56\u9a71\u52a8\u7684\u7a00\u7f3a\u6027<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a23.0\uff0c\u76ee\u6807\u4ef7\uff1a26.0\uff0c\u6b62\u635f\u4ef7\uff1a21.5<\/strong><br>  <\/li>\n\n\n\n<li>JL Mag \u7a00\u571f\u6709\u9650\u516c\u53f8\u662f\u4e00\u5bb6\u4e2d\u56fd\u516c\u53f8\uff0c\u4e3b\u8981\u4ece\u4e8b\u9ad8\u6027\u80fd\u9495\u94c1\u787c\uff08NdFeB\uff09\u78c1\u4f53\u7684\u751f\u4ea7\u548c\u9500\u552e\u3002\u516c\u53f8\u4ece\u4e8b\u9ad8\u6027\u80fd NdFeB \u6c38\u78c1\u6750\u6599\u3001\u78c1\u6027\u5143\u4ef6\u7684\u7814\u53d1\u3001\u751f\u4ea7\u548c\u9500\u552e\uff0c\u4ee5\u53ca\u7a00\u571f\u6c38\u78c1\u6750\u6599\u7684\u56de\u6536\u548c\u7efc\u5408\u5229\u7528\u3002\u516c\u53f8\u7684\u4ea7\u54c1\u5e7f\u6cdb\u5e94\u7528\u4e8e\u65b0\u80fd\u6e90\u8f66\u8f86\u53ca\u6c7d\u8f66\u96f6\u90e8\u4ef6\u3001\u8282\u80fd\u53d8\u9891\u7a7a\u8c03\u3001\u98ce\u529b\u53d1\u7535\u30013C \u4ea7\u54c1\u3001\u673a\u5668\u4eba\u548c\u5de5\u4e1a\u4f3a\u670d\u7535\u673a\u3001\u8282\u80fd\u7535\u68af\u3001\u8f68\u9053\u4ea4\u901a\u7b49\u9886\u57df\u3002<br>  <\/li>\n\n\n\n<li><strong>\u51fa\u53e3\u7ba1\u5236\u589e\u5f3a\u4e2d\u56fd\u7684\u6760\u6746\u4f5c\u7528\u3002<\/strong>\u4e2d\u56fd\u7684\u5355\u6b21\u51fa\u53e3\u8bb8\u53ef\u8bc1\u53d1\u653e\u5c06\u7a00\u571f\u78c1\u4f53\u8f6c\u53d8\u4e3a\u53d7\u63a7\u4ea7\u54c1\uff0c\u622a\u81f39\u67089\u65e5\uff0c\u53ea\u6709\u7ea613.5%\u7684\u6b27\u6d32\u7533\u8bf7\u8005\u83b7\u5f97\u6279\u51c6\u3002\u4e25\u683c\u7684\u5ba1\u6279\u548c\u5ef6\u957f\u7684\u5904\u7406\u65f6\u95f4\u5df2\u7ecf\u8feb\u4f7f\u5916\u56fd\u4e70\u5bb6\u6682\u505c\u751f\u4ea7\uff0c\u5e76\u5bf9\u97e9\u56fd\u7684\u4e0b\u6e38\u4ea7\u4e1a\u9020\u6210\u538b\u529b\uff0c\u7279\u522b\u662f\u91cd\u7a00\u571f\u5143\u7d20\uff08REEs\uff09\u3002\u5728\u8fd9\u79cd\u53d7\u9650\u73af\u5883\u4e2d\uff0c\u89c4\u6a21\u3001\u5408\u89c4\u51c6\u5907\u548c\u5ba2\u6237\u5ba1\u67e5\u53d8\u5f97\u5c24\u4e3a\u91cd\u8981\u3002\u4f5c\u4e3a\u56fd\u5185\u9876\u7ea7\u7684 NdFeB \u751f\u4ea7\u5546\uff0cJL Mag \u5728\u83b7\u5f97\u8bb8\u53ef\u8bc1\u65b9\u9762\u5904\u4e8e\u66f4\u6709\u5229\u7684\u4f4d\u7f6e\uff0c\u5e76\u80fd\u591f\u5c06\u4ea7\u54c1\u91cd\u65b0\u5b9a\u4ef7\u5230\u5176\u4ed6\u5e02\u573a\u3002\u653f\u7b56\u7684\u7d27\u7f29\u6548\u5e94\u63d0\u9ad8\u4e86\u7a00\u7f3a\u4ef7\u503c\uff0c\u5e76\u5c06\u8bae\u4ef7\u6743\u8f6c\u5411\u50cf JL Mag \u8fd9\u6837\u7684\u56fd\u5185\u9886\u5148\u751f\u4ea7\u5546\uff0c\u4f7f\u5176\u5728\u6b27\u6d32\u3001\u65e5\u672c\u548c\u4e1c\u5357\u4e9a\u80fd\u591f\u547d\u4ee4\u66f4\u9ad8\u7684\u4ef7\u683c\u3002<br>  <\/li>\n\n\n\n<li><strong>\u56fd\u5185\u9700\u6c42\u62b5\u6d88\u51fa\u53e3\u6ce2\u52a8\u3002<\/strong>\u4e2d\u56fd\u6d88\u8017\u4e86\u5168\u7403\u7ea690%\u7684\u7a00\u571f\u78c1\u4f53\uff0c\u5e76\u7ee7\u7eed\u4f18\u5148\u8003\u8651\u7535\u6c14\u5316\u548c\u5de5\u4e1a\u5347\u7ea7\u3002\u968f\u7740\u5916\u56fd\u4e70\u5bb6\u9762\u4e34\u4e0d\u7a33\u5b9a\u7684\u91c7\u8d2d\u6e20\u9053\uff0c\u91c7\u8d2d\u8d8b\u52bf\u503e\u5411\u4e8e\u57fa\u4e8e\u4e2d\u56fd\u7684\u3001\u5df2\u51c6\u5907\u597d\u83b7\u5f97\u8bb8\u53ef\u8bc1\u7684\u4f9b\u5e94\u5546\uff0c\u4ee5\u4fdd\u6301\u4f9b\u5e94\u7684\u8fde\u7eed\u6027\uff0c\u8fdb\u4e00\u6b65\u5de9\u56fa JL Mag \u7684\u56fd\u5185\u8ba2\u5355\uff0c\u540c\u65f6\u9009\u62e9\u6027\u5730\u586b\u8865\u66f4\u9ad8\u6bdb\u5229\u7684\u51fa\u53e3\u8ba2\u5355\u3002\u653f\u7b56\u652f\u6301\u6df1\u5316\u56fd\u5185\u4ef7\u503c\u94fe\u7684\u5efa\u8bbe\uff0c\u4ee5\u53ca\u63a2\u7d22\u6269\u5927\u4e2d\u56fd\u5728\u6d77\u5916\u7684\u52a0\u5de5\u8db3\u8ff9\uff0c\u76ee\u524d\u4e0e\u9a6c\u6765\u897f\u4e9a\u7684\u521d\u6b65\u8ba8\u8bba\u6b63\u5728\u8fdb\u884c\u4e2d\uff0c\u8fd9\u4e3a\u7efc\u5408\u6027\u4e2d\u56fd\u78c1\u4f53\u5236\u9020\u5546\u63d0\u4f9b\u4e86\u957f\u671f\u9700\u6c42\u7684\u53ef\u89c1\u6027\u3002<br>  <\/li>\n\n\n\n<li><strong>\u7a00\u571f\u78c1\u6027\u6750\u6599\u5382\u7684\u6301\u7eed\u5efa\u8bbe\u3002<\/strong>JL Mag \u7a00\u571f\u516c\u53f8\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\u5ba3\u5e03\u8ba1\u5212\u6295\u8d4410\u4ebf\u5143\u4eba\u6c11\u5e01\uff08\u7ea6\u54081.436\u4ebf\u7f8e\u5143\uff09\u5728\u5185\u8499\u53e4\u5305\u5934\u5efa\u8bbe\u4e00\u5ea7\u65b0\u7684\u9ad8\u6027\u80fd\u7a00\u571f\u6c38\u78c1\u6750\u6599\u751f\u4ea7\u8bbe\u65bd\u3002\u8be5\u5de5\u5382\u5c06\u652f\u6301\u4eba\u5f62\u673a\u5668\u4eba\u548c\u65b0\u80fd\u6e90\u8f66\u8f86\u7b49\u65b0\u5174\u884c\u4e1a\u7684\u9700\u6c42\u589e\u957f\u3002\u65b0\u5de5\u5382\u8bbe\u8ba1\u5e74\u4ea7\u80fd\u529b\u4e3a2\u4e07\u5428\uff0c\u5c06\u4f7f\u516c\u53f8\u7684\u603b\u751f\u4ea7\u80fd\u529b\u589e\u52a050%\uff0c\u8fbe\u5230\u6bcf\u5e746\u4e07\u5428\u3002\u9884\u8ba1\u5efa\u8bbe\u5c06\u9700\u8981\u7ea6\u4e24\u5e74\u65f6\u95f4\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u3002<\/strong>2025\u5e74\u4e0a\u534a\u5e74\u6536\u5165\u540c\u6bd4\u589e\u957f4.33%\uff0c\u8fbe\u523035.1\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u4e0e2024\u5e74\u4e0a\u534a\u5e74\u768433.6\u4ebf\u5143\u4eba\u6c11\u5e01\u76f8\u6bd4\u3002\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f154.81%\uff0c\u57282025\u5e74\u4e0a\u534a\u5e74\u8fbe\u52303.05\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a1.197\u4ebf\u5143\u4eba\u6c11\u5e01\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.22\u5143\u4eba\u6c11\u5e01\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.09\u5143\u4eba\u6c11\u5e01\u3002\u622a\u81f32025\u5e746\u670830\u65e5\u7684\u516d\u4e2a\u6708\u5185\uff0c\u516c\u53f8\u63d0\u8bae\u5ba3\u6d3e\u4e2d\u671f\u80a1\u606f\uff0c\u8ba1\u5212\u5411\u6240\u6709\u80a1\u4e1c\u6bcf10\u80a1\u5206\u914d\u73b0\u91d1\u80a1\u606f1.8\u5143\u4eba\u6c11\u5e01\uff08\u542b\u7a0e\uff09\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" class=\"wp-image-78556\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-21.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\/10\/a-blue-and-white-rectangular-object-with-numbers-21.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-object-with-numbers-21-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1257\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-21.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-78557\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-21.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-21-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-21-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-21-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-21.png\" alt=\"\" class=\"wp-image-78558\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-21.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-21-300x64.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\/10\/word-image-78471-22.png\" alt=\"\" class=\"wp-image-78559\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-22.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-22-300x64.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\">MP\u6750\u6599 (MP US): \u6446\u8131\u7a00\u571f\u4f9d\u8d56<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a70 \u76ee\u6807\u4ef7\uff1a80 \u6b62\u635f\u4ef7\uff1a65<\/strong><br>  <\/li>\n\n\n\n<li>MP\u6750\u6599\u662f\u4e00\u5bb6\u5168\u65b9\u4f4d\u96c6\u6210\u7684\u7a00\u571f\u751f\u4ea7\u5546\uff0c\u6db5\u76d6\u6574\u4e2a\u4f9b\u5e94\u94fe\uff0c\u4ece\u5f00\u91c7\u548c\u52a0\u5de5\u5230\u51b6\u91d1\u548c\u6c38\u78c1\u4f53\u5236\u9020\u3002\u516c\u53f8\u7684\u4ea7\u54c1\u652f\u6301\u4ea4\u901a\u3001\u80fd\u6e90\u3001\u673a\u5668\u4eba\u3001\u56fd\u9632\u548c\u822a\u7a7a\u822a\u5929\u5de5\u4e1a\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6218\u7565\u6027\u7684\u7f8e\u56fd\u652f\u6301\u548c\u4ef7\u683c\u5e95\u7ebf\u3002<\/strong>\u7f8e\u56fd\u56fd\u9632\u90e8\u73b0\u5728\u662fMP\u7684\u6700\u5927\u80a1\u4e1c\uff0c\u6301\u670915%\u7684\u80a1\u4efd\uff0c\u5e76\u4e3aNdPr\u6c27\u5316\u7269\u8bbe\u5b9a\u4e86\u6bcf\u516c\u65a4110\u7f8e\u5143\u7684\u4ef7\u683c\u5e95\u7ebf\uff0c\u8d85\u8fc7\u8be5\u6c34\u5e73\u7684\u90e8\u5206\u5c06\u5206\u4eab30%\u7684\u6da8\u5e45\u3002\u8fd9\u79cd\u80a1\u6743\u652f\u6301\u548c\u4ef7\u683c\u652f\u6301\u7684\u7ec4\u5408\u76f4\u63a5\u5bf9\u6297\u4e86\u4e2d\u56fd\u7684\u5b9a\u4ef7\u6743\uff0c\u7a33\u5b9a\u4e86MP\u7684\u73b0\u91d1\u6d41\uff0c\u5e76\u89e3\u9501\u4e86\u7f8e\u56fd\u7a00\u571f\u94fe\u4e0a\u7684\u79c1\u4eba\u6295\u8d44\u3002MP\u7684\u84dd\u56fe\u8fd8\u9884\u793a\u7740\u66f4\u591a\u9488\u5bf9\u5173\u952e\u77ff\u4ea7\u7684\u8054\u90a6\u4ea4\u6613\uff0c\u964d\u4f4e\u4e86\u5355\u4e00\u516c\u53f8\u548c\u5355\u4e00\u56fd\u5bb6\u7684\u98ce\u9669\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5f3a\u5927\u7684\u653f\u7b56\u987a\u98ce\u548c\u4f9b\u5e94\u7d27\u7f29\u3002<\/strong>\u7f8e\u56fd\u6b63\u5728\u79ef\u6781\u901a\u8fc7\u80a1\u6743\u6295\u8d44\u3001\u8ba4\u80a1\u6743\u8bc1\u3001\u8d2d\u4e70\u534f\u8bae\u548c\u6269\u5c55\u7684\u5173\u952e\u77ff\u4ea7\u6e05\u5355\uff0c\u5c06\u5173\u952e\u77ff\u4ea7\u56de\u6d41\u5230\u56fd\u5185\uff0c\u9884\u8ba1\u8fd8\u4f1a\u5728\u91cd\u7a00\u571f\u65b9\u9762\u8fdb\u884c\u989d\u5916\u6295\u8d44\uff0c\u4ee5\u8865\u5145MP\u7684\u5e73\u53f0\u3002\u540c\u65f6\uff0c\u4e2d\u56fd\u5bf9\u7a00\u571f\u548c\u78c1\u4f53\u7684\u51fa\u53e3\u8bb8\u53ef\u9650\u5236\u6536\u7d27\uff0c\u51cf\u5c11\u4e86\u975e\u4e2d\u56fd\u4f9b\u5e94\uff0c\u652f\u6301\u4ef7\u683c\u4e0a\u6da8\uff0c\u6b63\u5f53\u7f8e\u56fd\u6b63\u5728\u5efa\u7acb\u56fd\u5185\u4ea7\u80fd\u3002\u8fd9\u4e9b\u52a8\u6001\u4f7fMP\u6210\u4e3a\u670d\u52a1\u7535\u52a8\u6c7d\u8f66\u3001\u56fd\u9632\u548c\u7269\u7406\u4eba\u5de5\u667a\u80fd\u9700\u6c42\u7684\u96c6\u6210\u77ff\u5230\u78c1\u4f53\u4f9b\u5e94\u94fe\u4e2d\u6700\u5927\u7684\u56fd\u5185\u53c2\u4e0e\u8005\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>\u603b\u6536\u5165\u540c\u6bd4\u589e\u957f84%\uff0c\u8fbe\u52305740\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u7531\u4e8e\u5206\u79bb\u4ea7\u54c1\u7684\u4ea7\u91cf\u63d0\u9ad8\uff0c\u5bfc\u81f4NdPr\u6c27\u5316\u7269\u548c\u91d1\u5c5e\u6536\u5165\u7684\u6bd4\u91cd\u589e\u52a0\u3002\u8c03\u6574\u540e\u7684EBITDA\u540c\u6bd4\u6539\u55841450\u4e07\u7f8e\u5143\uff0c\u8fbe\u5230-1250\u4e07\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u7684\u51c0\u4e8f\u635f\u540c\u6bd4\u6539\u5584670\u4e07\u7f8e\u5143\uff0c\u8fbe\u5230-2140\u4e07\u7f8e\u5143\u3002\u51c0\u4e8f\u635f\u540c\u6bd4\u6539\u5584320\u4e07\u7f8e\u5143\uff0c\u8fbe\u5230-3090\u4e07\u7f8e\u5143\u3002\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u540c\u6bd4\u589e\u52a00.02\u7f8e\u5143\uff0c\u7a00\u91ca\u6bcf\u80a1\u4e8f\u635f\u4e3a0.19\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u7684\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u589e\u52a00.04\u7f8e\u5143\uff0c\u8fbe\u5230-0.13\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>  <\/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\/10\/a-blue-and-white-rectangular-box-with-white-text-6.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-78560\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-box-with-white-text-6.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-box-with-white-text-6-300x64.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=\"1257\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-22.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-78561\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-22.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-22-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-22-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-22-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<h2 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\/10\/a-long-line-of-a-flag-description-automatically-g-5.png\" class=\"wp-image-78562\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-long-line-of-a-flag-description-automatically-g-5.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-long-line-of-a-flag-description-automatically-g-5-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-long-line-of-a-flag-description-automatically-g-5-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure> <\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">\u7f8e\u56fd\u96c5\u5b9d (ALB US): \u653f\u7b56\u5229\u597d\u4e0e\u4f4e\u5229\u7387\u63a8\u52a8\u9502\u4ef7\u4e0a\u6da8<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a83 \u76ee\u6807\u4ef7\uff1a95 \u6b62\u635f\u4ef7\uff1a77<\/strong><br>  <\/li>\n\n\n\n<li>\u7f8e\u56fd\u96c5\u5b9d\u751f\u4ea7\u7528\u4e8e\u79fb\u52a8\u3001\u80fd\u6e90\u3001\u8fde\u63a5\u548c\u5065\u5eb7\u89e3\u51b3\u65b9\u6848\u7684\u7279\u6b8a\u5316\u5b66\u54c1\u3002\u516c\u53f8\u63d0\u4f9b\u7528\u4e8e\u7535\u7f51\u50a8\u80fd\u3001\u6c7d\u8f66\u3001\u822a\u7a7a\u822a\u5929\u3001\u4f20\u7edf\u80fd\u6e90\u3001\u7535\u5b50\u4ea7\u54c1\u3001\u5efa\u7b51\u3001\u519c\u4e1a\u548c\u98df\u54c1\u3001\u5236\u836f\u548c\u533b\u7597\u8bbe\u5907\u7684\u5173\u952e\u6210\u5206\u3002\u963f\u5c14\u8d1d\u9a6c\u5c14\u5728\u5168\u7403\u8303\u56f4\u5185\u4e3a\u5ba2\u6237\u63d0\u4f9b\u670d\u52a1\u3002<br>  <\/li>\n\n\n\n<li><strong>\u653f\u7b56\u9a71\u52a8\u7684\u5173\u952e\u77ff\u7269\u4f18\u52bf\u3002<\/strong>\u963f\u5c14\u8d1d\u9a6c\u5c14\u72ec\u7279\u5730\u5904\u4e8e\u6709\u5229\u4f4d\u7f6e\uff0c\u53ef\u4ee5\u53d7\u76ca\u4e8e\u7f8e\u56fd\u653f\u5e9c\u91cd\u65b0\u5173\u6ce8\u786e\u4fdd\u9502\u548c\u7a00\u571f\u7b49\u5173\u952e\u77ff\u7269\u4f9b\u5e94\u94fe\u7684\u6218\u7565\uff0c\u8fd9\u4e9b\u77ff\u7269\u88ab\u8ba4\u4e3a\u5bf9\u56fd\u9632\u3001\u534a\u5bfc\u4f53\u548c\u7535\u52a8\u8f66\u81f3\u5173\u91cd\u8981\u3002\u968f\u7740\u534e\u76db\u987f\u6295\u5165\u8d44\u91d1\u5e76\u63a2\u7d22\u7c7b\u4f3c\u80a1\u6743\u7684\u6295\u8d44\u4ee5\u589e\u5f3a\u56fd\u5185\u91c7\u77ff\u80fd\u529b\uff0c\u963f\u5c14\u8d1d\u9a6c\u5c14\u5728\u7f8e\u56fd\u7684\u4e1a\u52a1\u5c06\u76f4\u63a5\u83b7\u5f97\u653f\u7b56\u652f\u6301\u548c\u957f\u671f\u9700\u6c42\u53ef\u89c1\u6027\u3002\u50cf45X\u5148\u8fdb\u5236\u9020\u7a0e\u6536\u62b5\u514d\u548c\u5173\u952e\u77ff\u7269\u7684\u8c41\u514d\u7b49\u7a0e\u6536\u6fc0\u52b1\u63aa\u65bd\u964d\u4f4e\u4e86\u76d1\u7ba1\u963b\u529b\uff0c\u540c\u65f6\u5de9\u56fa\u4e86\u963f\u5c14\u8d1d\u9a6c\u5c14\u5728\u4fdd\u969c\u7f8e\u56fd\u9502\u72ec\u7acb\u4e2d\u7684\u6218\u7565\u89d2\u8272\u3002\u7ed3\u5408\u7f8e\u56fd\u7684\u964d\u606f\uff0c\u8fd9\u4e9b\u56e0\u7d20\u7f13\u89e3\u4e86\u878d\u8d44\u6761\u4ef6\u5e76\u523a\u6fc0\u4e86\u5546\u54c1\u6d41\u5165\uff0c\u963f\u5c14\u8d1d\u9a6c\u5c14\u5c06\u7ee7\u7eed\u53d7\u76ca\u4e8e\u5f3a\u5316\u5176\u957f\u671f\u589e\u957f\u8f68\u8ff9\u7684\u7ed3\u6784\u6027\u80cc\u666f\u3002<br>  <\/li>\n\n\n\n<li><strong>\u6210\u672c\u63a7\u5236\u4e0e\u591a\u5143\u5316\u3002<\/strong>\u5c3d\u7ba1\u9502\u4ef7\u8f83\u5cf0\u503c\u5df2\u66b4\u8dcc90%\u4ee5\u4e0a\uff0c\u963f\u5c14\u8d1d\u9a6c\u5c14\u57282025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u7684\u8868\u73b0\u51f8\u663e\u51fa\u5f3a\u6709\u529b\u7684\u6267\u884c\u529b\uff0c\u8c03\u6574\u540e\u7684\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u4e3a3.36\u4ebf\u7f8e\u5143\uff0c\u4e14\u5728\u80fd\u6e90\u50a8\u5b58\u548c\u7279\u6b8a\u4ea7\u54c1\u9500\u91cf\u589e\u957f\u7684\u652f\u6301\u4e0b\u5b9e\u73b0\u4e86\u610f\u5916\u76c8\u5229\u3002\u516c\u53f8\u9884\u8ba1\u5c06\u628a\u8d44\u672c\u652f\u51fa\u964d\u4f4e\u81f36.5\u4ebf\u81f37\u4ebf\u7f8e\u5143\uff0c\u5e76\u9884\u8ba1\u57282025\u8d22\u5e74\u5b9e\u73b0\u6b63\u7684\u81ea\u7531\u73b0\u91d1\u6d41\u3002\u5176\u591a\u5143\u5316\u7684\u76c8\u5229\u57fa\u7840\u548c\u7a33\u5065\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u4f7f\u963f\u5c14\u8d1d\u9a6c\u5c14\u80fd\u591f\u62b5\u5fa1\u77ed\u671f\u5e02\u573a\u538b\u529b\u3002\u5168\u7403\u7535\u52a8\u8f66\u9700\u6c42\u540c\u6bd4\u589e\u957f35%\uff0c\u80fd\u6e90\u50a8\u5b58\u540c\u6bd4\u589e\u957f126%\uff0c\u5728\u8f83\u4f4e\u5229\u7387\u73af\u5883\u4e0b\u6d41\u52a8\u6027\u6539\u5584\uff0c\u963f\u5c14\u8d1d\u9a6c\u5c14\u5728\u7535\u6c14\u5316\u5468\u671f\u4e2d\u5177\u5907\u826f\u597d\u7684\u53d7\u76ca\u4f4d\u7f6e\uff0c\u5e76\u8fdb\u4e00\u6b65\u53d7\u76ca\u4e8e\u7f8e\u56fd\u653f\u7b56\u7684\u5229\u597d\u3002<br>  <\/li>\n\n\n\n<li><strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\u3002<\/strong>2025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u51c0\u9500\u552e\u989d\u540c\u6bd4\u4e0b\u964d7.0%\uff0c\u4e3a13.3\u4ebf\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a14.3\u4ebf\u7f8e\u5143\u3002\u51c0\u6536\u5165\u8f6c\u6b63\uff0c\u540c\u6bd4\u589e\u957f112.2%\uff0c\u8fbe\u52302290\u4e07\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a-1.882\u4ebf\u7f8e\u5143\u3002\u8c03\u6574\u540e\u7684\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e0a\u5347\u81f30.11\u7f8e\u5143\uff0c\u800c2024\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4e3a0.04\u7f8e\u5143\u3002\u5bf9\u4e8e2025\u8d22\u5e74\uff0c\u516c\u53f8\u7ef4\u6301\u9502\u5e02\u573a\u5e73\u5747\u4ef7\u683c9\u7f8e\u5143\/\u516c\u65a4\u7684\u9884\u671f\uff0c\u5047\u8bbe\u5f53\u524d\u9502\u5e02\u573a\u4ef7\u683c\u5728\u672c\u5e74\u5ea6\u5176\u4f59\u65f6\u95f4\u5185\u4fdd\u6301\u4e0d\u53d8\uff0c\u5e76\u9884\u8ba1\u5b9e\u73b0\u6b63\u7684\u81ea\u7531\u73b0\u91d1\u6d41\u3002\u8fd8\u9884\u8ba1\u80fd\u6e90\u50a8\u5b58\u9500\u552e\u91cf\u540c\u6bd4\u589e\u957f0%\u81f310%\uff0c2025\u5168\u5e74\u8d44\u672c\u652f\u51fa\u9884\u671f\u964d\u4f4e\u81f36.5\u4ebf\u81f37\u4ebf\u7f8e\u5143\u3002<br>  <\/li>\n\n\n\n<li><strong>\u5e02\u573a\u5171\u8bc6<\/strong><br>  <\/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\/10\/a-blue-and-white-rectangular-box-with-white-text-7.png\" alt=\"A blue and white rectangular box with white text\n\nAI-generated content may be incorrect.\" class=\"wp-image-78563\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-box-with-white-text-7.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-blue-and-white-rectangular-box-with-white-text-7-300x64.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=\"1257\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-23.jpeg\" alt=\"A graph on a screen\n\nAI-generated content may be incorrect.\" class=\"wp-image-78564\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-23.jpeg 1257w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-300x127.jpeg 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-1024x433.jpeg 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-graph-on-a-screen-ai-generated-content-may-be-i-23-768x325.jpeg 768w\" sizes=\"(max-width: 1257px) 100vw, 1257px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>  (Source: Bloomberg)<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-78471-_Hlt181111973\"><\/a><a id=\"post-78471-_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-78471-_va9jaog5jnw3\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-28.png\" class=\"wp-image-78565\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-28.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-28-300x64.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\/10\/word-image-78471-29.png\" alt=\"\" class=\"wp-image-78566\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-29.png 602w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/word-image-78471-29-300x64.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 AEM Holdings Ltd (AEM SP) at S$2.0, CGN Mining Co Ltd (1164 HK) at HK$3.5 and Centrus Energy Corp (LEU US) at US$340. Add First Resources Ltd (FR SP) at S$1.7 and JL Mag Rare-Earth Co Ltd (6680 HK) at HK$23.\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"943\" height=\"528\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/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-78567\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-13.png 943w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-13-300x168.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/10\/a-screenshot-of-a-computer-screen-ai-generated-co-13-768x430.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\">\u00a0<a id=\"post-71807-_tiry8p5xvcqk\"><\/a><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-ed4e1152\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-075e5b76\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-0ad8dd24\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-dc1bd65c\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-2f4e392f wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.kgieworld.sg\/securities\/contact-us\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">\u8054\u7cfb\u6211\u4eec\u4e86\u89e3\u66f4\u591a\u4fe1\u606f<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-4467fd1f\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-fdd2c8c4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-27ad8851\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png\" alt=\"\" class=\"uag-image-69995\" width=\"760\" height=\"208\" title=\"1\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-82e9f322 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/t.me\/kgisg\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png\" alt=\"\" class=\"uag-image-69996\" width=\"760\" height=\"208\" title=\"2\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"post-56591-_tiry8p5xvcqk\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 HK\uff09\uff1a\u53d7\u76ca\u4e8e\u56fd\u5185\u653f\u7b56\u652f\u6301 (Source: Bloomberg) JL Mag \u7a00\u571f\u6709\u9650\u516c\u53f8 (6680 HK): \u53d8\u73b0\u653f\u7b56\u9a71\u52a8\u7684\u7a00\u7f3a\u6027 (Source: Bloomberg) MP\u6750\u6599 (MP US): \u6446\u8131\u7a00\u571f\u4f9d\u8d56 (Source: Bloomberg) \u7f8e\u56fd\u96c5\u5b9d (ALB US): \u653f\u7b56\u5229\u597d\u4e0e\u4f4e\u5229\u7387\u63a8\u52a8\u9502\u4ef7\u4e0a\u6da8 (Source: Bloomberg) ^ Back To [&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-78471","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 \u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 HK\uff09\uff1a\u53d7\u76ca\u4e8e\u56fd\u5185\u653f\u7b56\u652f\u6301 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a3.0\uff0c\u76ee\u6807\u4ef7\uff1a3.4\uff0c\u6b62\u635f\u4ef7\uff1a2.8 CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\u4e3b\u8981\u4ece\u4e8b\u7535\u5382\u7684\u8fd0\u8425\u3002\u516c\u53f8\u901a\u8fc7\u4e09\u4e2a\u90e8\u95e8\u5f00\u5c55\u4e1a\u52a1\u3002\u97e9\u56fd\u7535\u5382\u90e8\u95e8\u4ece\u4e8b\u7535\u529b\u7684\u751f\u4ea7\u548c\u4f9b\u5e94\uff1b\u4e2d\u56fd\u7535\u5382\u90e8\u95e8\u540c\u6837\u4ece\u4e8b\u7535\u529b\u7684\u751f\u4ea7\u548c\u4f9b\u5e94\uff1b\u7ba1\u7406\u516c\u53f8\u90e8\u95e8\u5219\u63d0\u4f9b\u5bf9CGN\u53ca\u5176\u5b50\u516c\u53f8\u8fd0\u8425\u7684\u7535\u5382\u7684\u7ba1\u7406\u670d\u52a1\u3002\u516c\u53f8\u4e3b\u8981\u7ecf\u8425\u98ce\u80fd\u3001\u592a\u9633\u80fd\u3001\u71c3\u6c14\u3001\u7164\u70ad\u3001\u77f3\u6cb9\u3001\u6c34\u7535\u3001\u8054\u5408\u53d1\u7535\u3001\u71c3\u6599\u7535\u6c60\u548c\u751f\u7269\u8d28\u9879\u76ee\uff0c\u8fd9\u4e9b\u9879\u76ee\u5728\u4e2d\u56fd\u548c\u97e9\u56fd\u7684\u7535\u529b\u5e02\u573a\u4e2d\u8fd0\u8425\u3002 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u6536\u5165\u4e3a8.565\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d12.8%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e749.823\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u516c\u53f8\u80a1\u4e1c\u7684\u5229\u6da6\u4e3a1.635\u4ebf\u7f8e\u5143\uff0c\u6bd42024\u5e74\u4e0a\u534a\u5e74\u51cf\u5c112,000\u4e07\u7f8e\u5143\u621610.9%\uff0c\u5f53\u65f6\u4e3a1.835\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u671f\u5185\u7684\u5229\u6da6\u4e3a1.689\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d11.5%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e741.908\u4ebf\u7f8e\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a3.81\u7f8e\u5206\uff0c\u4f4e\u4e8e2024\u5e74\u4e0a\u534a\u5e74\u76844.28\u7f8e\u5206\u3002\u672a\u5ba3\u5e03\u4e2d\u671f\u80a1\u606f\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) JL\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith 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\u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.47\uff0c\u76ee\u6807\u4ef7\uff1a0.53\uff0c\u6b62\u635f\u4ef7\uff1a0.44 \u6cf0\u56fd\u996e\u6599\u516c\u5171\u6709\u9650\u516c\u53f8\u5728\u6cf0\u56fd\u751f\u4ea7\u591a\u79cd\u54c1\u724c\u7684\u5564\u9152\u548c\u70c8\u9152\u3002 \u6218\u7565\u6269\u5f20\u8ba1\u5212\u3002\u6cf0\u996e\u7684\u201cPASSION 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 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\u6570\u5b57\u5316\u548c\u6570\u636e\u4e2d\u5fc3\u5e26\u6765\u7684\u9700\u6c42\u4e0a\u5347\u3002\u4e0e\u7eff\u8272\u653f\u7b56\u5e76\u884c\uff0c\u4e2d\u56fd\u6b63\u5728\u63a8\u52a8\u5feb\u901f\u7684\u6570\u5b57\u57fa\u7840\u8bbe\u65bd\u589e\u957f\u3002\u4ec5\u4e0a\u6d77\u8ba1\u5212\u52302025\u5e74\u5efa\u8bbe\u4e94\u4e2a\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\uff0c\u5e76\u76ee\u6807\u5b9e\u73b0AI\u8ba1\u7b97\u80fd\u529b\u8d85\u8fc7100 exaflops\uff0c\u56fd\u5bb6\u8ba1\u7b97\u80fd\u529b\u5df2\u8fbe\u5230246 exaflops\u3002\u8fd9\u4e00\u5bf9\u7535\u529b\u9700\u6c42\u5bc6\u96c6\u7684AI\u548c\u4e91\u8ba1\u7b97\u7684\u6fc0\u589e\uff0c\u9700\u8981\u7a33\u5b9a\u7684\u53ef\u518d\u751f\u7535\u529b\u6765\u6ee1\u8db3\u78b3\u51cf\u6392\u76ee\u6807\u548c\u80fd\u6e90\u5b89\u5168\u8981\u6c42\u3002CGN\u65b0\u80fd\u6e90\u7684\u5730\u57df\u591a\u6837\u5316\u548c\u7535\u7f51\u8fde\u901a\u6027\u5c06\u4f7f\u5176\u80fd\u591f\u6355\u6349\u6765\u81ea\u6570\u636e\u4e2d\u5fc3\u548c\u9ad8\u79d1\u6280\u5de5\u4e1a\u96c6\u7fa4\u7684\u65b0\u9700\u6c42\uff0c\u8fd9\u4e9b\u9700\u6c42\u5728\u7701\u7ea7\u6cd5\u89c4\u4e0b\u65e5\u76ca\u9700\u8981\u7eff\u8272\u7535\u529b\u91c7\u8d2d\u3002\u968f\u7740\u4e0eAI\u76f8\u5173\u7684\u80fd\u6e90\u4f7f\u7528\u4e0d\u65ad\u6269\u5927\uff0c\u5bf9\u53ef\u518d\u751f\u80fd\u6e90\u7684\u9700\u6c42\u4e5f\u5c06\u589e\u5f3a\uff0c\u8fdb\u4e00\u6b65\u4fc3\u8fdbCGN\u7684\u957f\u671f\u6536\u5165\u7a33\u5b9a\u6027\u3002 \u6c14\u5019\u5916\u4ea4\u5f3a\u5316\u56fd\u5185\u8981\u6c42\u3002\u4e60\u8fd1\u5e73\u4e3b\u5e2d\u6700\u8fd1\u5728\u8054\u5408\u56fd\u627f\u8bfa\u52302035\u5e74\u5c06\u6e29\u5ba4\u6c14\u4f53\u6392\u653e\u91cf\u51cf\u5c117%-10%\uff0c\u8fd9\u662f\u4e2d\u56fd\u9996\u6b21\u4ece\u5cf0\u503c\u6c34\u5e73\u4f5c\u51fa\u627f\u8bfa\u3002\u5bf9\u4e8eCGN\u65b0\u80fd\u6e90\u6765\u8bf4\uff0c\u8fd9\u610f\u5473\u7740\u56fd\u6709\u516c\u7528\u4e8b\u4e1a\u7684\u53ef\u518d\u751f\u80fd\u6e90\u914d\u989d\u5c06\u589e\u52a0\uff0c\u4ee5\u53ca\u5bf9\u7eff\u8272\u878d\u8d44\u7684\u6301\u7eed\u652f\u6301\u3002\u4e2d\u56fd\u53ef\u80fd\u4f1a\u518d\u6b21\u52a0\u5f3a\u5176\u4f5c\u4e3a\u5168\u7403\u6e05\u6d01\u80fd\u6e90\u9886\u5bfc\u8005\u7684\u89d2\u8272\u3002\u8fd9\u589e\u5f3a\u4e86\u56fd\u5185\u53ef\u518d\u751f\u80fd\u6e90\u7684\u653f\u7b56\u786e\u5b9a\u6027\uff0c\u5e76\u652f\u6301\u50cfCGN\u65b0\u80fd\u6e90\u8fd9\u6837\u7684\u516c\u53f8\u8fdb\u4e00\u6b65\u56fd\u9645\u6269\u5f20\u3002 2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u6536\u5165\u4e3a8.565\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d12.8%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e749.823\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u516c\u53f8\u80a1\u4e1c\u7684\u5229\u6da6\u4e3a1.635\u4ebf\u7f8e\u5143\uff0c\u6bd42024\u5e74\u4e0a\u534a\u5e74\u51cf\u5c112,000\u4e07\u7f8e\u5143\u621610.9%\uff0c\u5f53\u65f6\u4e3a1.835\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u671f\u5185\u7684\u5229\u6da6\u4e3a1.689\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d11.5%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e741.908\u4ebf\u7f8e\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a3.81\u7f8e\u5206\uff0c\u4f4e\u4e8e2024\u5e74\u4e0a\u534a\u5e74\u76844.28\u7f8e\u5206\u3002\u672a\u5ba3\u5e03\u4e2d\u671f\u80a1\u606f\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) JL\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-06-oct-2025-ch\/\" \/>\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=\"2025-10-06T01:59:10+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-10-06T02:03:57+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\u5e7410\u67086\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 \u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a0.47\uff0c\u76ee\u6807\u4ef7\uff1a0.53\uff0c\u6b62\u635f\u4ef7\uff1a0.44 \u6cf0\u56fd\u996e\u6599\u516c\u5171\u6709\u9650\u516c\u53f8\u5728\u6cf0\u56fd\u751f\u4ea7\u591a\u79cd\u54c1\u724c\u7684\u5564\u9152\u548c\u70c8\u9152\u3002 \u6218\u7565\u6269\u5f20\u8ba1\u5212\u3002\u6cf0\u996e\u7684\u201cPASSION 2030\u201d\u8def\u7ebf\u56fe\u4f53\u73b0\u4e86\u5176\u5de9\u56fa\u4e1c\u5357\u4e9a\u9886\u5148\u98df\u54c1\u548c\u996e\u6599\u516c\u53f8\u5730\u4f4d\u7684\u96c4\u5fc3\u58ee\u5fd7\u3002\u901a\u8fc7\u52302026\u5e74\u7684210\u4ebf\u6cf0\u94e2\u8d44\u672c\u8ba1\u5212\uff0c\u8be5\u96c6\u56e2\u4f18\u5148\u8003\u8651\u901a\u8fc7\u201c\u7ade\u4e89\u6027\u8986\u76d6\u201d\u548c\u201c\u6570\u5b57\u5316\u589e\u957f\u201d\u4e24\u5927\u652f\u67f1\u5b9e\u73b0\u66f4\u6df1\u5c42\u6b21\u7684\u5e02\u573a\u6e17\u900f\u3002\u6536\u8d2d\u5f17\u96f7\u6cfd\u4e0e\u5c3c\u592b\uff08F&amp;N\uff09\u5c06\u6cf0\u996e\u7684\u80a1\u4efd\u63d0\u9ad8\u81f3\u8fd170%\uff0c\u4e3a19\u4ebf\u6d88\u8d39\u8005\u7684\u6e05\u771f\u5e02\u573a\u63d0\u4f9b\u4e86\u91cd\u8981\u7684\u8fdb\u5165\u673a\u4f1a\uff0c\u5f00\u542f\u4e86\u4e1c\u76df\u53ca\u5176\u4ed6\u5730\u533a\u7a46\u65af\u6797\u4e3b\u5bfc\u5e02\u573a\u7684\u957f\u671f\u673a\u4f1a\u3002\u8fd9\u4e00\u6218\u7565\u4f19\u4f34\u5173\u7cfb\u8fd8\u6269\u5927\u4e86\u5bf9\u975e\u9152\u7cbe\u996e\u6599\u548c\u529f\u80fd\u6027\u996e\u6599\u7684\u66dd\u5149\uff0c\u589e\u5f3a\u4e86\u9664\u70c8\u9152\u548c\u5564\u9152\u4e4b\u5916\u7684\u4ea7\u54c1\u7ec4\u5408\u591a\u6837\u6027\u3002 \u7a33\u5b9a\u7684\u6838\u5fc3\u4e1a\u52a1\u4e0e\u9009\u62e9\u6027\u589e\u957f\u5f15\u64ce\u3002\u5c3d\u7ba1\u8d8a\u5357\u548c\u6cf0\u56fd\u7684\u5b8f\u89c2\u73af\u5883\u5177\u6709\u6311\u6218\u6027\uff0c\u6cf0\u996e\u4ecd\u5c55\u73b0\u51fa\u97e7\u6027\uff0c\u96c6\u56e2\u6536\u5165\u5728\u622a\u81f32025\u5e746\u6708\u7684\u4e5d\u4e2a\u6708\u5185\u4fdd\u6301\u57282586\u4ebf\u6cf0\u94e2\u3002\u5564\u9152\u4f9d\u7136\u662f\u4eae\u70b9\uff0c\u9500\u91cf\u589e\u957f4.8%\uff0cEBITDA\u56e0\u6210\u672c\u6548\u7387\u6539\u5584\u800c\u589e\u957f4%\uff0c\u800c\u70c8\u9152\u90e8\u95e8\u5728\u54c1\u724c\u6295\u8d44\u52a0\u5927\u7684\u60c5\u51b5\u4e0b\u4ecd\u4fdd\u6301\u5e02\u573a\u9886\u5bfc\u5730\u4f4d\u3002\u65b0\u63a8\u51fa\u7684\u9ad8\u7aef\u4ea7\u54c1\uff0c\u5982PRAKAAN\u5355\u4e00\u9ea6\u82bd\u5a01\u58eb\u5fcc\uff0c\u4e0d\u4ec5\u63a8\u52a8\u4e86\u5229\u6da6\u589e\u957f\uff0c\u4e5f\u63d0\u5347\u4e86\u6cf0\u996e\u7684\u56fd\u9645\u5f62\u8c61\u3002\u7ed3\u5408\u4ee5\u6210\u672c\u4e3a\u5bfc\u5411\u7684\u6570\u5b57\u5316\u4e3e\u63aa\u548c\u6269\u5927\u5206\u9500\u8303\u56f4\uff0c\u8fd9\u4e9b\u4e3e\u63aa\u4e3a\u7a33\u5b9a\u73b0\u91d1\u751f\u6210\u6253\u4e0b\u57fa\u7840\uff0c\u540c\u65f6\u521b\u9020\u4e86\u9ad8\u7aef\u9a71\u52a8\u7684\u589e\u957f\u673a\u4f1a\u3002 2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 \u76ca\u8d44\u6e90\u6709\u9650\u516c\u53f8\u751f\u4ea7\u7c97\u68d5\u6988\u6cb9\u3002\u516c\u53f8\u662f\u4e00\u5bb6\u4e0a\u6e38\u8fd0\u8425\u5546\uff0c\u4e3b\u8981\u4e1a\u52a1\u6d3b\u52a8\u5305\u62ec\u6cb9\u68d5\u7684\u79cd\u690d\u548c\u6536\u5272\uff0c\u4ee5\u53ca\u5c06\u65b0\u9c9c\u679c\u4e32\u52a0\u5de5\u6210\u7c97\u68d5\u6988\u6cb9\u4ee5\u4f9b\u672c\u5730\u548c\u51fa\u53e3\u9500\u552e\u3002 \u4ea7\u91cf\u589e\u957f\u548c\u5229\u6da6\u6269\u5f20\u5c06\u63d0\u5347\u5e95\u7ebf\u3002\u76ca\u8d44\u6e90\u57282025\u5e74\u4e0a\u534a\u5e74\u8868\u73b0\u5f3a\u52b2\uff0c\u51c0\u5229\u6da6\u540c\u6bd4\u589e\u957f43.6%\uff0c\u8fbe\u52301.492\u4ebf\u7f8e\u5143\uff0c\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u6fc0\u589e56.3%\uff0c\u8fbe2.623\u4ebf\u7f8e\u5143\uff0c\u4e3b\u8981\u53d7\u76ca\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u9500\u91cf\u3002\u6210\u529f\u6536\u8d2d\u5965\u65af\u4e01\u591a\u7eb3\u65af\u5854\u5c14\u96c5\uff08ANJ\uff09\u4e8e5\u6708\u5b8c\u6210\uff0c\u6269\u5927\u4e86\u751f\u4ea7\u80fd\u529b\uff0c\u540c\u65f6\u65b0\u9c9c\u679c\u4e32\uff08FFB\uff09\u6536\u6210\u540c\u6bd4\u589e\u957f23.0%\uff0c\u8fbe\u5230200\u4e07\u5428\uff0c\u7c97\u68d5\u6988\u6cb9\uff08CPO\uff09\u4ea7\u91cf\u540c\u6bd4\u589e\u957f28.9%\uff0c\u8fbe\u5230554,519\u5428\u3002\u5c55\u671b\u672a\u6765\uff0c\u5b63\u8282\u6027\u66f4\u9ad8\u7684\u4ea7\u91cf\u548cANJ\u7684\u5168\u5e74\u6574\u5408\u9884\u8ba1\u5c06\u8fdb\u4e00\u6b65\u63d0\u5347\u9500\u91cf\u3002\u518d\u52a0\u4e0a\u6539\u8fdb\u7684\u9500\u552e\u7ec4\u5408\u548c\u6210\u672c\u6548\u7387\u7684\u63d0\u5347\uff0c\u5373\u4f7f\u77ed\u671f\u5185\u4ef7\u683c\u56de\u843d\uff0c\u5229\u6da6\u7387\u4e5f\u6709\u671b\u6269\u5927\uff0c\u8fdb\u4e00\u6b65\u589e\u5f3a\u76ca\u8d44\u6e90\u7684\u76c8\u5229\u97e7\u6027\u3002 \u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u6536\u5165\u4e3a8.565\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d12.8%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e749.823\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u516c\u53f8\u80a1\u4e1c\u7684\u5229\u6da6\u4e3a1.635\u4ebf\u7f8e\u5143\uff0c\u6bd42024\u5e74\u4e0a\u534a\u5e74\u51cf\u5c112,000\u4e07\u7f8e\u5143\u621610.9%\uff0c\u5f53\u65f6\u4e3a1.835\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u671f\u5185\u7684\u5229\u6da6\u4e3a1.689\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d11.5%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e741.908\u4ebf\u7f8e\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a3.81\u7f8e\u5206\uff0c\u4f4e\u4e8e2024\u5e74\u4e0a\u534a\u5e74\u76844.28\u7f8e\u5206\u3002\u672a\u5ba3\u5e03\u4e2d\u671f\u80a1\u606f\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u4e1a\u7ee9\u56de\u987e\u3002\u6536\u5165\u4e3a8.565\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d12.8%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e749.823\u4ebf\u7f8e\u5143\u3002\u5f52\u5c5e\u4e8e\u516c\u53f8\u80a1\u4e1c\u7684\u5229\u6da6\u4e3a1.635\u4ebf\u7f8e\u5143\uff0c\u6bd42024\u5e74\u4e0a\u534a\u5e74\u51cf\u5c112,000\u4e07\u7f8e\u5143\u621610.9%\uff0c\u5f53\u65f6\u4e3a1.835\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u671f\u5185\u7684\u5229\u6da6\u4e3a1.689\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d11.5%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u4e0a\u534a\u5e741.908\u4ebf\u7f8e\u5143\u30022025\u5e74\u4e0a\u534a\u5e74\u6bcf\u80a1\u6536\u76ca\u4e3a3.81\u7f8e\u5206\uff0c\u4f4e\u4e8e2024\u5e74\u4e0a\u534a\u5e74\u76844.28\u7f8e\u5206\u3002\u672a\u5ba3\u5e03\u4e2d\u671f\u80a1\u606f\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) JL","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-06-oct-2025-ch\/","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":"2025-10-06T01:59:10+00:00","article:modified_time":"2025-10-06T02:03:57+00:00","twitter:card":"summary","twitter:title":"\u4eca\u65e5\u7cbe\u9009\uff1a\u80a1\u7968 | 2025\u5e7410\u67086\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 \u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b 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2030\u201d\u8def\u7ebf\u56fe\u4f53\u73b0\u4e86\u5176\u5de9\u56fa\u4e1c\u5357\u4e9a\u9886\u5148\u98df\u54c1\u548c\u996e\u6599\u516c\u53f8\u5730\u4f4d\u7684\u96c4\u5fc3\u58ee\u5fd7\u3002\u901a\u8fc7\u52302026\u5e74\u7684210\u4ebf\u6cf0\u94e2\u8d44\u672c\u8ba1\u5212\uff0c\u8be5\u96c6\u56e2\u4f18\u5148\u8003\u8651\u901a\u8fc7\u201c\u7ade\u4e89\u6027\u8986\u76d6\u201d\u548c\u201c\u6570\u5b57\u5316\u589e\u957f\u201d\u4e24\u5927\u652f\u67f1\u5b9e\u73b0\u66f4\u6df1\u5c42\u6b21\u7684\u5e02\u573a\u6e17\u900f\u3002\u6536\u8d2d\u5f17\u96f7\u6cfd\u4e0e\u5c3c\u592b\uff08F&amp;N\uff09\u5c06\u6cf0\u996e\u7684\u80a1\u4efd\u63d0\u9ad8\u81f3\u8fd170%\uff0c\u4e3a19\u4ebf\u6d88\u8d39\u8005\u7684\u6e05\u771f\u5e02\u573a\u63d0\u4f9b\u4e86\u91cd\u8981\u7684\u8fdb\u5165\u673a\u4f1a\uff0c\u5f00\u542f\u4e86\u4e1c\u76df\u53ca\u5176\u4ed6\u5730\u533a\u7a46\u65af\u6797\u4e3b\u5bfc\u5e02\u573a\u7684\u957f\u671f\u673a\u4f1a\u3002\u8fd9\u4e00\u6218\u7565\u4f19\u4f34\u5173\u7cfb\u8fd8\u6269\u5927\u4e86\u5bf9\u975e\u9152\u7cbe\u996e\u6599\u548c\u529f\u80fd\u6027\u996e\u6599\u7684\u66dd\u5149\uff0c\u589e\u5f3a\u4e86\u9664\u70c8\u9152\u548c\u5564\u9152\u4e4b\u5916\u7684\u4ea7\u54c1\u7ec4\u5408\u591a\u6837\u6027\u3002 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2025\u5e749\u4e2a\u6708\u8d22\u52a1\u4e1a\u7ee9\u3002\u9500\u552e\u6536\u5165\u4e3a2586\u4ebf\u6cf0\u94e2\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u53bb\u5e74\u540c\u671f\u4e3a2598\u4ebf\u6cf0\u94e2\u3002\u8c03\u6574\u540e\u7684EBITDA\u964d\u81f3450\u4ebf\u6cf0\u94e2\uff0818\u4ebf\u65b0\u5143\uff09\uff0c\u6bd4\u53bb\u5e74\u540c\u671f\u7684469\u4ebf\u6cf0\u94e2\u4e0b\u964d4%\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u91cd\u7533\u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a1.7\uff0c\u76ee\u6807\u4ef7\uff1a1.9\uff0c\u6b62\u635f\u4ef7\uff1a1.6 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\u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) 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2025\u5e74\u4e0a\u534a\u5e74\u8d22\u52a1\u4e1a\u7ee9\u30022025\u5e74\u4e0a\u534a\u5e74\u603b\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f47.4%\uff0c\u8fbe\u52306.739\u4ebf\u7f8e\u5143\uff0c\u8f832024\u5e74\u4e0a\u534a\u5e74\u76844.572\u4ebf\u7f8e\u5143\u589e\u957f\uff0c\u4e3b\u8981\u7531\u4e8e\u66f4\u9ad8\u7684\u5e73\u5747\u9500\u552e\u4ef7\u683c\u548c\u66f4\u5f3a\u7684\u9500\u552e\u91cf\u30022025\u5e74\u4e0a\u534a\u5e74\u51c0\u5229\u6da6\u4e3a1.492\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f43.6%\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca\u57282025\u5e74\u4e0a\u534a\u5e74\u589e\u81f30.0963\u7f8e\u5143\uff0c\u800c2024\u5e74\u4e0a\u534a\u5e74\u4e3a0.0667\u7f8e\u5143\u3002\u516c\u53f8\u8fd8\u5ba3\u5e03\u6bcf\u80a1\u6d3e\u53d10.045\u65b0\u5143\u7684\u4e2d\u671f\u80a1\u606f\uff0c\u5c06\u4e8e9\u670810\u65e5\u652f\u4ed8\u3002 \u5e02\u573a\u5171\u8bc6 (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 HK\uff09\uff1a\u53d7\u76ca\u4e8e\u56fd\u5185\u653f\u7b56\u652f\u6301 \u4e70\u5165\uff1a\u4e70\u5165\u4ef7\uff1a3.0\uff0c\u76ee\u6807\u4ef7\uff1a3.4\uff0c\u6b62\u635f\u4ef7\uff1a2.8 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Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/"},"uagb_comment_info":0,"uagb_excerpt":"\u65b0\u52a0\u5761\u80a1\u7968\u63a8\u8350 | \u9999\u6e2f\u80a1\u7968\u63a8\u8350 | \u7f8e\u80a1\u63a8\u8350 | \u884c\u4e1a\u677f\u5757\u8868\u73b0 | \u4ea4\u6613\u9f99\u864e\u699c \u7f8e\u56fd \u9999\u6e2f ^ Back To Top \u6cf0\u56fd\u996e\u6599\u516c\u5171\u516c\u53f8\uff08THBEV SP\uff09\uff1a\u62d3\u5c55\u5728\u4e9a\u6d32\u7684\u5f71\u54cd\u529b (Source: Bloomberg) \u76ca\u8d44\u6e90 (FR SP): \u5b63\u8282\u6027\u56e0\u7d20\u5c06\u63a8\u52a8\u68d5\u6988\u6cb9\u4ef7\u683c\u4e0a\u6da8 \u539f\u68d5\u6cb9\u4ef7\u683c (Source: Bloomberg) (Source: Bloomberg) CGN\u65b0\u80fd\u6e90\u63a7\u80a1\u6709\u9650\u516c\u53f8\uff081811 HK\uff09\uff1a\u53d7\u76ca\u4e8e\u56fd\u5185\u653f\u7b56\u652f\u6301 (Source: Bloomberg) JL Mag \u7a00\u571f\u6709\u9650\u516c\u53f8 (6680 HK): \u53d8\u73b0\u653f\u7b56\u9a71\u52a8\u7684\u7a00\u7f3a\u6027 (Source: Bloomberg) MP\u6750\u6599 (MP US): 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To&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/78471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=78471"}],"version-history":[{"count":5,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/78471\/revisions"}],"predecessor-version":[{"id":78573,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/78471\/revisions\/78573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/38071"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=78471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=78471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=78471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}