李国睿的个人主页 - 老虎社区

李国睿

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IP属地：江苏

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2020-11-20

$老虎证券(TIGR)$财报之前猛如虎，财报之后四块五。各位等财报后再晒收益吧。

2020-08-13

$老虎证券(TIGR)$做空美股亏的钱就靠你来补啦。

2020-07-20

$中国能源建设(03996)$这只股是来搞笑的吗？一天的成交量6万，上市的意义在哪里？

2020-06-15

$跟谁学(GSX)$我去，空单被强平了。

2020-06-03

$跟谁学(GSX)$牛逼。愿赌服输。

2020-06-01

以前的暴风和乐视在视频网站普遍亏损的时候鹤立鸡群，结果大家都看到了。

跟谁学毛利率近75%超在线教育同行，造血能力强劲

2020-05-28

超预期的话会涨10个点

业绩前瞻丨老虎证券Q1营收结构或更趋均衡，有望迎来全面盈利转折点

2020-05-20

我也这么认为，可是看到涨这么厉害，我觉得我错了

假牛市？近七成基金经理认为美股只不过是“熊市反弹”

2020-05-20

$老虎证券(TIGR)$每天换手率这么低，实在想不通。不过市值只有4亿美金的老虎应该是非常便宜了，40亿美金应该不过分吧？拿着做投资了，等着20。

2020-05-19

$拼多多(PDD)$连续上涨13天，牛B

2020-05-18

一句怀疑就能跌这么多？

跟谁学暴跌逾16%，浑水怀疑其至少有80%的营收是虚假的

2020-05-13

$AAPL 20200522 300.0 PUT(AAPL)$不是说现在上涨不合理，而是在这种情况下还单边上涨有点不合理，即使在牛市应该也会调一调再涨啊。

2020-05-12

$跟谁学(GSX)$只有线上的辅导机构不可能存活。如果不是疫情，家长是不可能给孩子报那么多网课的。

2020-03-12

$老虎证券(TIGR)$我信了你的邪

2020-01-17

$老虎证券(TIGR)$ 稳住，蔚来已经回本了，看你的了[捂脸]

2019-10-01

$NIO INC - ADR(NIO)$ 真的要扶着我才能起来了

2019-09-27

$NIO Inc.(NIO)$ 我发现很多晒市值的有蔚来的也有老虎证券[捂脸] [捂脸] [捂脸] 双重打击

2019-09-12

$老虎证券(TIGR)$ 老虎你太牛了，又要走出独立行情了！

2019-09-04

$老虎证券(TIGR)$ 你今天要是不涨你都对不起你这个名字。直接改老猫证券吧

2019-08-26

$老虎证券(TIGR)$ 补仓死磕！

去老虎APP查看更多动态

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01:21","market":"sh","language":"zh","title":"跟谁学毛利率近75%超在线教育同行，造血能力强劲","url":"https://stock-news.laohu8.com/highlight/detail?id=2040276783","media":"新浪证券","summary":"近日，21世纪资本研究院、南方财经责任投资行动联合发布《ESG测评在线教育“新势力”》系列报告的第四期，聚焦在线教育企业的“资本依赖度”指标。其中，在线教育机构跟谁学以75%毛利率受到重点关注。研究团","content":"<p>近日，21世纪资本研究院、南方财经责任投资行动联合发布《ESG测评在线教育“新势力”》系列报告的第四期，聚焦在线教育企业的“资本依赖度”指标。其中，在线教育机构<a href=\"https://laohu8.com/S/GSX\">跟谁学</a>以75%毛利率受到重点关注。</p><p>研究团队仍遴选16家在美上市的，已经开展在线教育的规模型企业作为研究标的。包括K12为主的<a href=\"https://laohu8.com/S/TAL\">好未来</a>、跟谁学等，亦包括传统教育龙头<a href=\"https://laohu8.com/S/EDU\">新东方</a>，以及正保远程教育和<a href=\"https://laohu8.com/S/STG\">尚德机构</a>等成人职业教育平台。</p><p>目前，在线教育行业竞争进入了最为关键的时刻，日趋白热化。有机构投资人认为，谁能获得更多资本的拥趸，烧得更久，跑得最快，谁就能挤走对手，分得蛋糕。</p><p>这是互联网产业竞争的典型逻辑：行业出现典型的马太效应，对“竞争对手”进行系统性出清，最终形成寡头的竞争优势。按照互联网产业的惯例，在这一阶段之后，行业龙头将享受最为雄厚的业务回报，资本的依赖程度也将日益走低。</p><p>从在线教育行业发展来看，据研究团队不完全统计，在资本市场首发融资合计约有数十亿美元的规模，逾百亿人民币。跟谁学以2.079亿美元的首发募集资金独占鳌头，成为在线教育机构的融资王。</p><p><img src=\"http://n.sinaimg.cn/finance/transform/266/w550h516/20200601/8d1e-iumkapv7841681.png\" tg-width=\"550\" tg-height=\"516\"></p><p>这些资本在一定程度上，推动了相关企业的迅速“卡位”和发展。后期，资本市场的造血将是竞争格局变迁的主要因素，同时，经营性造血能力将转变为企业主要竞争力。</p><p>如何判断造血能力？其中最关键的指标是毛利率。</p><p>基于目前中概股披露的财报，从2019财年的销售毛利率水平来看，各在线教育中概股的毛利率水平仍存在较大差距。</p><p>根据已披露的2019年财报数据，毛利率高于70%的共有4家，分别为尚德机构、跟谁学、<a href=\"https://laohu8.com/S/LAIX\">流利说</a>、无忧英语（51TALK）。</p><p><img src=\"http://n.sinaimg.cn/finance/transform/517/w258h259/20200601/2365-iumkapv7842280.png\" tg-width=\"258\" tg-height=\"259\"></p><p>从在线教育头部机构的毛利率水平来看，跟谁学的毛利率水平要远高于同行。</p><p>2018年一季度开始，跟谁学的毛利率便稳步提升，到2019年四季度增长至79%。</p><p>认为跟谁学不存在财务造假行为的投资人认为，跟谁学相比新东方和好未来两家，更具备“互联网”基因；尤其是在跟谁学执意拓展的“大班课”，与前者的模式相比，成本更低，毛利却更高。</p>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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}\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n跟谁学毛利率近75%超在线教育同行，造血能力强劲\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-06-01 01:21 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/enterprise/us/2020-06-01/doc-iirczymk4556157.shtml><strong>新浪证券</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，21世纪资本研究院、南方财经责任投资行动联合发布《ESG测评在线教育“新势力”》系列报告的第四期，聚焦在线教育企业的“资本依赖度”指标。其中，在线教育机构跟谁学以75%毛利率受到重点关注。研究团队仍遴选16家在美上市的，已经开展在线教育的规模型企业作为研究标的。包括K12为主的好未来、跟谁学等，亦包括传统教育龙头新东方，以及正保远程教育和尚德机构等成人职业教育平台。目前，在线教育行业竞争进入...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/enterprise/us/2020-06-01/doc-iirczymk4556157.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f49cfbbad938b58f9d764c4f5e672e9","relate_stocks":{},"source_url":"https://finance.sina.com.cn/stock/enterprise/us/2020-06-01/doc-iirczymk4556157.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2040276783","content_text":"近日，21世纪资本研究院、南方财经责任投资行动联合发布《ESG测评在线教育“新势力”》系列报告的第四期，聚焦在线教育企业的“资本依赖度”指标。其中，在线教育机构跟谁学以75%毛利率受到重点关注。研究团队仍遴选16家在美上市的，已经开展在线教育的规模型企业作为研究标的。包括K12为主的好未来、跟谁学等，亦包括传统教育龙头新东方，以及正保远程教育和尚德机构等成人职业教育平台。目前，在线教育行业竞争进入了最为关键的时刻，日趋白热化。有机构投资人认为，谁能获得更多资本的拥趸，烧得更久，跑得最快，谁就能挤走对手，分得蛋糕。这是互联网产业竞争的典型逻辑：行业出现典型的马太效应，对“竞争对手”进行系统性出清，最终形成寡头的竞争优势。按照互联网产业的惯例，在这一阶段之后，行业龙头将享受最为雄厚的业务回报，资本的依赖程度也将日益走低。从在线教育行业发展来看，据研究团队不完全统计，在资本市场首发融资合计约有数十亿美元的规模，逾百亿人民币。跟谁学以2.079亿美元的首发募集资金独占鳌头，成为在线教育机构的融资王。这些资本在一定程度上，推动了相关企业的迅速“卡位”和发展。后期，资本市场的造血将是竞争格局变迁的主要因素，同时，经营性造血能力将转变为企业主要竞争力。如何判断造血能力？其中最关键的指标是毛利率。基于目前中概股披露的财报，从2019财年的销售毛利率水平来看，各在线教育中概股的毛利率水平仍存在较大差距。根据已披露的2019年财报数据，毛利率高于70%的共有4家，分别为尚德机构、跟谁学、流利说、无忧英语（51TALK）。从在线教育头部机构的毛利率水平来看，跟谁学的毛利率水平要远高于同行。2018年一季度开始，跟谁学的毛利率便稳步提升，到2019年四季度增长至79%。认为跟谁学不存在财务造假行为的投资人认为，跟谁学相比新东方和好未来两家，更具备“互联网”基因；尤其是在跟谁学执意拓展的“大班课”，与前者的模式相比，成本更低，毛利却更高。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":951942385,"gmtCreate":1590642281347,"gmtModify":1704193199277,"author":{"id":"3473980879276574","authorId":"3473980879276574","name":"李国睿","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3473980879276574","authorIdStr":"3473980879276574"},"themes":[],"htmlText":"超预期的话会涨10个点","listText":"超预期的话会涨10个点","text":"超预期的话会涨10个点","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/951942385","repostId":"2038230252","repostType":2,"repost":{"id":"2038230252","kind":"news","pubTimestamp":1590628986,"share":"https://www.laohu8.com/m/news/2038230252?lang=&edition=full","pubTime":"2020-05-28 09:23","market":"us","language":"zh","title":"业绩前瞻丨老虎证券Q1营收结构或更趋均衡，有望迎来全面盈利转折点","url":"https://stock-news.laohu8.com/highlight/detail?id=2038230252","media":"36氪","summary":"北京时间5月28日，老虎证券（TIGR.US）将于美股盘前发布2020年第一季度业绩报告，这也是其宣布布局财富管理业务后的首份财报。回顾2019Q4，老虎证券实现营收1997万美元，同比增长109.9","content":"<html><body><article><p>北京时间5月28日，<a href=\"https://laohu8.com/S/TIGR\">老虎证券</a>（TIGR.US）将于美股盘前发布2020年第一季度业绩报告，这也是其宣布布局财富管理业务后的首份财报。</p><p>回顾2019Q4，老虎证券实现营收1997万美元，同比增长109.9%，环比增长30.3%，营收的增主要由更高的利息收入和IPO承销推动。2020年一季度，老虎证券能否保持三位数的营收增速是外界广泛关注的重点之一。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20200528092316681v034wu4zrsdohf1\"/><p><a href=\"https://laohu8.com/S/KRKR\">36氪</a>制图；数据来源：财报</p><p>2019年Q4，老虎证券净亏损55.7万美元，同比减亏71.6%，回顾过去四个季度，老虎证券的亏损逐季收窄。另外，在2019年Q4，非美国通用会计准则（Non-GAAP）下，老虎证券的净利润为34.5万美元，连续两个季度实现盈利，同比扭亏为盈。</p><p>按照这一趋势，2020年一季度，或是老虎证券迎来全面盈利的转折点。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20200528092317085v034gx9bibcp5rd\"/><p>36氪制图；数据来源：财报</p><p>此外，业务结构更加多元化，是老虎证券2019年第四季度财报的亮点。</p><p>该季度，老虎证券其他收入同比增长676.6%至513万美元，总营收占比提升至25.7%，首超四分之一。这一业务板块以投行业务和ESOP（员工期权计划）为主，而在投行侧，老虎证券当季承揽了<a href=\"https://laohu8.com/S/EH\">亿航智能</a>、网易有道等7宗中国企业赴美IPO发行。</p><p>今年一季度，老虎证券则完成了<a href=\"https://laohu8.com/S/DNK\">蛋壳公寓</a>、<a href=\"https://laohu8.com/S/LIZI\">荔枝</a>、慧择等多家美股IPO的承销。这将有望带动其他业务板块收入继续增长。</p><p>在2019年报业绩电话会上，老虎证券创始人及CEO巫天华表示，ESOP业务是公司的新收入增长点，同时显现出了反哺经纪业务的作用。老虎证券2019年第四季度新增入金客户数为11300人，其中约有20%来自ESOP客户。</p><p>另外，2019年Q4，老虎证券利息相关收入同比增长914.7%至550万美元，总营收占比为27.5%；融资融券服务费同比增长18.1%至200万美元。与此同时，老虎证券上个季度的佣金收入为730万美元，同比增速仅3.5%。</p><p>综合来看，老虎证券已经改变了佣金收入“一家独大”的不利局面，盈利模式转型颇有成效，持续优化业务结构也将是其2020年一季度财报的重要看点。</p><p>用户数据方面，截至2019年年底，老虎证券的开户客户为64.9万，客户总资产同比增长114.3%至50.5亿美元。</p><p>周三美股收盘，老虎证券报3.66美元，涨6.71%，最新总市值为5.17亿美元。</p><p>值得注意的是，老虎证券3月25宣布，董事会已批准一项股票回购计划，由于公司内在价值被严重低估，公司将在未来的12个月回购最多不超过2000万美元的公司股票。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>业绩前瞻丨老虎证券Q1营收结构或更趋均衡，有望迎来全面盈利转折点</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n业绩前瞻丨老虎证券Q1营收结构或更趋均衡，有望迎来全面盈利转折点\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-05-28 09:23 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020052809231779e041ed&s=b><strong>36氪</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>北京时间5月28日，老虎证券（TIGR.US）将于美股盘前发布2020年第一季度业绩报告，这也是其宣布布局财富管理业务后的首份财报。回顾2019Q4，老虎证券实现营收1997万美元，同比增长109.9%，环比增长30.3%，营收的增主要由更高的利息收入和IPO承销推动。2020年一季度，老虎证券能否保持三位数的营收增速是外界广泛关注的重点之一。36氪制图；数据来源：财报2019年Q4，老虎证券...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020052809231779e041ed&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ede228345a888e45db951c65291e329c","relate_stocks":{},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2020052809231779e041ed&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2038230252","content_text":"北京时间5月28日，老虎证券（TIGR.US）将于美股盘前发布2020年第一季度业绩报告，这也是其宣布布局财富管理业务后的首份财报。回顾2019Q4，老虎证券实现营收1997万美元，同比增长109.9%，环比增长30.3%，营收的增主要由更高的利息收入和IPO承销推动。2020年一季度，老虎证券能否保持三位数的营收增速是外界广泛关注的重点之一。36氪制图；数据来源：财报2019年Q4，老虎证券净亏损55.7万美元，同比减亏71.6%，回顾过去四个季度，老虎证券的亏损逐季收窄。另外，在2019年Q4，非美国通用会计准则（Non-GAAP）下，老虎证券的净利润为34.5万美元，连续两个季度实现盈利，同比扭亏为盈。按照这一趋势，2020年一季度，或是老虎证券迎来全面盈利的转折点。36氪制图；数据来源：财报此外，业务结构更加多元化，是老虎证券2019年第四季度财报的亮点。该季度，老虎证券其他收入同比增长676.6%至513万美元，总营收占比提升至25.7%，首超四分之一。这一业务板块以投行业务和ESOP（员工期权计划）为主，而在投行侧，老虎证券当季承揽了亿航智能、网易有道等7宗中国企业赴美IPO发行。今年一季度，老虎证券则完成了蛋壳公寓、荔枝、慧择等多家美股IPO的承销。这将有望带动其他业务板块收入继续增长。在2019年报业绩电话会上，老虎证券创始人及CEO巫天华表示，ESOP业务是公司的新收入增长点，同时显现出了反哺经纪业务的作用。老虎证券2019年第四季度新增入金客户数为11300人，其中约有20%来自ESOP客户。另外，2019年Q4，老虎证券利息相关收入同比增长914.7%至550万美元，总营收占比为27.5%；融资融券服务费同比增长18.1%至200万美元。与此同时，老虎证券上个季度的佣金收入为730万美元，同比增速仅3.5%。综合来看，老虎证券已经改变了佣金收入“一家独大”的不利局面，盈利模式转型颇有成效，持续优化业务结构也将是其2020年一季度财报的重要看点。用户数据方面，截至2019年年底，老虎证券的开户客户为64.9万，客户总资产同比增长114.3%至50.5亿美元。周三美股收盘，老虎证券报3.66美元，涨6.71%，最新总市值为5.17亿美元。值得注意的是，老虎证券3月25宣布，董事会已批准一项股票回购计划，由于公司内在价值被严重低估，公司将在未来的12个月回购最多不超过2000万美元的公司股票。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":959450712,"gmtCreate":1589987428636,"gmtModify":1704191433948,"author":{"id":"3473980879276574","authorId":"3473980879276574","name":"李国睿","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3473980879276574","authorIdStr":"3473980879276574"},"themes":[],"htmlText":"我也这么认为，可是看到涨这么厉害，我觉得我错了","listText":"我也这么认为，可是看到涨这么厉害，我觉得我错了","text":"我也这么认为，可是看到涨这么厉害，我觉得我错了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/959450712","repostId":"1117176892","repostType":2,"repost":{"id":"1117176892","kind":"news","pubTimestamp":1589938548,"share":"https://www.laohu8.com/m/news/1117176892?lang=&edition=full","pubTime":"2020-05-20 09:35","market":"us","language":"zh","title":"假牛市？近七成基金经理认为美股只不过是“熊市反弹”","url":"https://stock-news.laohu8.com/highlight/detail?id=1117176892","media":"华尔街见闻","summary":"全球股市从3月低点上涨了近30%，但美国银行调查的大多数基金经理仍然对上涨能否持续持怀疑态度，并且认为经济不会从公共卫生事件危机中快速复苏。\n在5月7日-14日的调查中，68%的投资者称股市的上涨只是","content":"<p>全球股市从3月低点上涨了近30%，但<a href=\"https://laohu8.com/S/BAC\">美国银行</a>调查的大多数基金经理仍然对上涨能否持续持怀疑态度，并且认为经济不会从公共卫生事件危机中快速复苏。</p>\n<p>在5月7日-14日的调查中，68%的投资者称股市的上涨只是熊市反弹，也就是股市在跌至新低之前的短期快速反弹。只有四分之一的人认为股市已经进入了新的牛市。仅有10%的受访基金经理预计经济将以V型快速而剧烈复苏，而75%的受访者预计将是需要更长时间的U型或W型反弹。</p>\n<p>从好的方面来看，5月份基金经理对全球增长的预期大幅上升。根据美国银行的调查，38%的基金经理预测未来12个月世界经济将走强。与此同时，投资者认为全球制造业PMI在11月之前不会升破50这一预示扩张的水平。</p>\n<p>过去两个月里，全球风险资产飙升，得益于强有力的货币和财政支持措施，以及随着主要经济体放松封锁措施，投资者也乐观预计经济可能反弹。然而，资金持续流入货币市场和债券基金表明，由于担心公共卫生事件再度爆发以及企业盈利受到持续损害，许多投资者都远离股市。</p>\n<p>最新的美国银行调查显示，现金水平小幅下降至5.7%，但仍远高于4.7%的10年平均水平，而债券配置比例跃升至2009年金融危机以来的最高水平。调查显示，基金经理持有美国股票多头仓位，对欧元区股票是空头仓位。</p>\n<p>由于公共卫生事件继续在全球新闻中占据主导地位，调查显示，投资者认为第二波公共卫生事件是市场的最大尾部风险。疫苗研发的突破被认为是最有可能推动V型复苏的催化剂。</p>\n<p>鉴于如此多的传统基金经理远离风险资产，美国银行的调查可以让人一窥哪些市场参与者一直在推动股市上涨。调查结果显示，对冲基金本月增持股票，达到34%的净多头仓位，使股票配置接近2月市场崩盘前的水平。</p>\n<p>除了美银的调查，<a href=\"https://laohu8.com/S/DB\">德意志银行</a>调查也显示，超半数的机构投资者认为美股在未来3个月里将进一步走低。</p>\n<p>德银向全球450名专业投资者发布问卷，搜集他们对于公共卫生事件及市场走势看法。数据显示，57%的机构投资者认为，后公共卫生事件时代在家办公将变得更加常规，每周可能要有1-3天的时间在家办公。</p>\n<p><img src=\"https://static.tigerbbs.com/e07bedfaaa8a79154768b548805dc969\" tg-width=\"585\" tg-height=\"394\"><img src=\"https://static.tigerbbs.com/77cd86ae8a94b8c0148bedf73241fee0\"></p>\n<p>专业投资者在经历长时间在家办公后，工作效率也在提高，与上次调查相比(42%)，仅有31%的受调查者表示其在家办公效率会下降。</p>\n<p><img src=\"https://static.tigerbbs.com/77cd86ae8a94b8c0148bedf73241fee0\"><img src=\"https://static.tigerbbs.com/1799e3fc4fec032115b9327f28e33fc8\" tg-width=\"575\" tg-height=\"361\"></p>\n<p>机构投资者对于公共卫生事件的二次爆发保持警惕状态，只有15%的被调查者认为今年秋冬季节公共卫生事件不会二次爆发。</p>\n<p><img src=\"https://static.tigerbbs.com/c5ad3eae026ffb74a4b93e830b234859\" tg-width=\"1088\" tg-height=\"466\"><img src=\"https://static.tigerbbs.com/77cd86ae8a94b8c0148bedf73241fee0\"><img src=\"https://static.tigerbbs.com/c5ad3eae026ffb74a4b93e830b234859\" tg-width=\"1088\" tg-height=\"466\"></p>\n<p>受调查者对于疫苗开发也呈乐观态度：74%的被调查者认为其在未来18个月里能买到疫苗，只有4%的人认为疫苗永远都不会开发出来。</p>\n<p>但专业投资者普遍认为，疫苗在短期无法上市，仅有6%的受访者认为可以在6个月内获得疫苗。</p>\n<p>机构投资者同时认为，因公共卫生事件导致的社交隔离大概率还会继续：48%的受调查者认为社交隔离将在未来6个月里延续，另有30%的被调查者认为社交隔离会再延续6个月。</p>\n<p>在市场走势方面，机构投资者对于股市未来走势感到悲观。42%的受调查者认为标普500指数会在未来的3个月里略微下跌，另有17%的被调查者认为未来3个月股市将大幅下跌。</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>假牛市？近七成基金经理认为美股只不过是“熊市反弹”</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n假牛市？近七成基金经理认为美股只不过是“熊市反弹”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-05-20 09:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/303014.html><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球股市从3月低点上涨了近30%，但美国银行调查的大多数基金经理仍然对上涨能否持续持怀疑态度，并且认为经济不会从公共卫生事件危机中快速复苏。\n在5月7日-14日的调查中，68%的投资者称股市的上涨只是熊市反弹，也就是股市在跌至新低之前的短期快速反弹。只有四分之一的人认为股市已经进入了新的牛市。仅有10%的受访基金经理预计经济将以V型快速而剧烈复苏，而75%的受访者预计将是需要更长时间的U型或W型...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/303014.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/318dced6c8505427ba4c5a73eb4a7981","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/303014.html","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1117176892","content_text":"全球股市从3月低点上涨了近30%，但美国银行调查的大多数基金经理仍然对上涨能否持续持怀疑态度，并且认为经济不会从公共卫生事件危机中快速复苏。\n在5月7日-14日的调查中，68%的投资者称股市的上涨只是熊市反弹，也就是股市在跌至新低之前的短期快速反弹。只有四分之一的人认为股市已经进入了新的牛市。仅有10%的受访基金经理预计经济将以V型快速而剧烈复苏，而75%的受访者预计将是需要更长时间的U型或W型反弹。\n从好的方面来看，5月份基金经理对全球增长的预期大幅上升。根据美国银行的调查，38%的基金经理预测未来12个月世界经济将走强。与此同时，投资者认为全球制造业PMI在11月之前不会升破50这一预示扩张的水平。\n过去两个月里，全球风险资产飙升，得益于强有力的货币和财政支持措施，以及随着主要经济体放松封锁措施，投资者也乐观预计经济可能反弹。然而，资金持续流入货币市场和债券基金表明，由于担心公共卫生事件再度爆发以及企业盈利受到持续损害，许多投资者都远离股市。\n最新的美国银行调查显示，现金水平小幅下降至5.7%，但仍远高于4.7%的10年平均水平，而债券配置比例跃升至2009年金融危机以来的最高水平。调查显示，基金经理持有美国股票多头仓位，对欧元区股票是空头仓位。\n由于公共卫生事件继续在全球新闻中占据主导地位，调查显示，投资者认为第二波公共卫生事件是市场的最大尾部风险。疫苗研发的突破被认为是最有可能推动V型复苏的催化剂。\n鉴于如此多的传统基金经理远离风险资产，美国银行的调查可以让人一窥哪些市场参与者一直在推动股市上涨。调查结果显示，对冲基金本月增持股票，达到34%的净多头仓位，使股票配置接近2月市场崩盘前的水平。\n除了美银的调查，德意志银行调查也显示，超半数的机构投资者认为美股在未来3个月里将进一步走低。\n德银向全球450名专业投资者发布问卷，搜集他们对于公共卫生事件及市场走势看法。数据显示，57%的机构投资者认为，后公共卫生事件时代在家办公将变得更加常规，每周可能要有1-3天的时间在家办公。\n\n专业投资者在经历长时间在家办公后，工作效率也在提高，与上次调查相比(42%)，仅有31%的受调查者表示其在家办公效率会下降。\n\n机构投资者对于公共卫生事件的二次爆发保持警惕状态，只有15%的被调查者认为今年秋冬季节公共卫生事件不会二次爆发。\n\n受调查者对于疫苗开发也呈乐观态度：74%的被调查者认为其在未来18个月里能买到疫苗，只有4%的人认为疫苗永远都不会开发出来。\n但专业投资者普遍认为，疫苗在短期无法上市，仅有6%的受访者认为可以在6个月内获得疫苗。\n机构投资者同时认为，因公共卫生事件导致的社交隔离大概率还会继续：48%的受调查者认为社交隔离将在未来6个月里延续，另有30%的被调查者认为社交隔离会再延续6个月。\n在市场走势方面，机构投资者对于股市未来走势感到悲观。42%的受调查者认为标普500指数会在未来的3个月里略微下跌，另有17%的被调查者认为未来3个月股市将大幅下跌。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":959487600,"gmtCreate":1589984374400,"gmtModify":1704191405067,"author":{"id":"3473980879276574","authorId":"3473980879276574","name":"李国睿","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3473980879276574","authorIdStr":"3473980879276574"},"themes":[],"htmlText":"<a 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20:56","market":"us","language":"zh","title":"跟谁学暴跌逾16%，浑水怀疑其至少有80%的营收是虚假的","url":"https://stock-news.laohu8.com/highlight/detail?id=2036392311","media":"腾讯证券","summary":"腾讯证券5月18日讯，跟谁学股价盘前暴跌逾16%，此前浑水再次发布做空报告称，我们怀疑跟谁学至少有80%的营收是虚假的，甚至可能是90%以上。","content":"<html><body><article><p><a href=\"https://laohu8.com/S/00700\">腾讯</a>证券5月18日讯，<a href=\"https://laohu8.com/S/GSX\">跟谁学</a>股价盘前暴跌逾16%，此前浑水再次发布做空报告称，我们怀疑跟谁学至少有80%的营收是虚假的，甚至可能是90%以上。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>跟谁学暴跌逾16%，浑水怀疑其至少有80%的营收是虚假的</title>\n<style 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Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/03f3d0c168656a3e6eb4245c3c31ff40","relate_stocks":{},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202005182059307b06de60&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2036392311","content_text":"腾讯证券5月18日讯，跟谁学股价盘前暴跌逾16%，此前浑水再次发布做空报告称，我们怀疑跟谁学至少有80%的营收是虚假的，甚至可能是90%以上。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":950815911,"gmtCreate":1589325893333,"gmtModify":1704179873802,"author":{"id":"3473980879276574","authorId":"3473980879276574","name":"李国睿","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3473980879276574","authorIdStr":"3473980879276574"},"themes":[],"htmlText":"<a 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