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几米one

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02-14

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币市价格一度突破5万美元 2021年来首见分析师探索动力后续走势

02-13

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江西首富扩产，一年净赚超65亿

02-09

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Is United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?

02-07

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Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project

02-07

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Enjoy Monthly Income From 2 Top-Notch Opportunities

02-01

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Is JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?

01-30

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一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了

01-30

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US Stocks Edge Lower; Pfizer Reports Surprise Profit

01-30

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@Buy_Sell:🚀【1月30日】特斯拉收盘涨幅超4%，“木头姐”持续加仓，你上车了吗？

01-29

$晶科能源(JKS)$ 光伏看来确实是周期股，下行不可逆转

01-29

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贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元

01-29

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晶科能源获东吴证券买入评级，组件出货放量高增，竞争加剧盈利下滑

01-29

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@钛媒体APP:2023年光伏组件出货量TOP10出炉，晶科反超隆基重回榜首

01-28

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研报掘金丨国盛证券：晶科能源上半年组件销量领跑行业，维持“增持”评级

01-28

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晶科能源获信达证券买入评级，预测2023年营收为994.21亿元

01-28

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MSCI上调晶科能源ESG评级至"BBB"，跃升主流光伏企业领先水平

01-28

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有望真正的下一个隆基绿能，晶科能源，新晋的TOPCON电池龙头

01-28

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@钛媒体APP:2023年光伏组件出货量TOP10出炉，晶科反超隆基重回榜首

01-28

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Canadian Solar Shares Rise 18% on $500M Investment in Subsidiary from BlackRock

01-28

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贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元

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07:21","market":"other","language":"zh","title":"币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势","url":"https://stock-news.laohu8.com/highlight/detail?id=2411805617","media":"鉅亨网","summary":"由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。","content":"<p>由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。</p><p>根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68005d7ddf0a3a3be6425948d595553c\" tg-width=\"760\" tg-height=\"461\"></p><p>根据道琼市场数据，现货比特币 ETF 中，灰阶比特币信托 (GBTC-US) 周一上涨 5.6%，收于 44.86 美元；<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>的 <a href=\"https://laohu8.com/S/EEMA\">iShares</a> 比特币信托 (IBIT-US) 也上涨 5.6%，收于 28.66 美元；Fidelity Wise Origin 比特币基金 (FBTC-US) 上涨 5.7%，收在 44.02 美元；ARK 21Shares 比特币 ETF (ARKB-US) 收高 5.7% 至 50.31 美元。</p><p>比特币期货 ETF 周一也上涨。 ProShares 比特币策略 ETF (BITO-US) 上涨 5.7%，至 23.82 美元，Valkyrie 比特币和以太策略 ETF (BTF-US) 上涨 5.6%，至 15.61 美元。</p><p>同时，加密货币交易所 Coinbase (COIN-US) 收高 3.7%，至每股 147.31 美元；持有大量比特币的美国商业智慧软件公司 MicroStrategy (MSTR-US)　上涨 11%，收每股 717.52 美元。</p><p>加密矿商 Riot Platforms (RIOT-US) 上涨 9.4%，收每股 15.92 美元；同业 Marathon Digital Holdings (MARA-US) 收高 14.2% 至每股 27.28 美元。</p><p>区块链技术公司 Ebang International Holdings (EBON-US) 上涨 7.9% 至每股 11.11 美元。</p><h4 id=\"id_2308901301\">比特币上涨动力来源</h4><p>Fundstrat 数位资产策略主管 Sean Farrell 周一报告指出，最新的反弹似乎是由现货市场需求所推动，“此交易量很大一部分可能通过现货 ETF 进入市场，以追逐周末积极的价格走势。”</p><p>数位资产管理公司 3iQ 研究主管 Mark Connors 指出，规模最大的现货比特币 ETF 灰阶比特币信托资金流出速度一直在放缓，且竞争对手的比特币 ETF 的需求仍然强劲。他认为，在地缘政治不确定性的情况下，部分投资者也将比特币视为潜在避风港。</p><p>Kraken 战略主管 Thomas Perfumo 也表示：“2024 年全球地缘政治不稳定，在这样的环境中，全球将举行 60 多场重大选举。这推动资本流向比特币等高品质的价值储存资产。”</p><p>然而，相对于黄金等传统价值储存资产，比特币价格仍属高波动资产，多数人仍不认同其避险功能。</p><h4 id=\"id_3360140812\">展望未来</h4><p>Connors 目前预期比特币下阶段水准介于 6 万美元至 6.5 万美元，今年年底价格预计达到 16 万美元，到 2025 年下半年将达到 35 万美元。</p><p>Amberdata 衍生性商品总监 Greg Magadini 预计比特币市值本周将突破 1 兆美元。根据 CoinMarketCap 数据，周一比特币市值约为 9770 亿美元。</p>","source":"cnyes_highlight","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>币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势</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币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-13 07:21 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.cnyes.com/news/id/5451735?exp=a><strong>鉅亨网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。根据道琼市场数据，现货比特币 ETF 中，灰阶...</p>\n\n<a href=\"https://news.cnyes.com/news/id/5451735?exp=a\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cimg.cnyes.cool/prod/news/5451735/xs/be8a017372ca842be3170ac38dc41532.jpg","relate_stocks":{"BK4595":"比特币概念","CAN":"嘉楠科技","BTF":"Valkyrie Bitcoin Strategy ETF","BK4535":"淡马锡持仓","ARKB":"ARK 21Shares Bitcoin ETF","BK4588":"碎股","BK4526":"热门中概股","BITB":"Bitwise Bitcoin ETF","RIOT":"Riot Platforms","BK4551":"寇图资本持仓","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","GBTC":"Grayscale Bitcoin Trust","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BITO":"ProShares Bitcoin Strategy ETF ","DEFI":"Hashdex Bitcoin ETF","COIN":"Coinbase Global, Inc.","HODL":"VanEck Bitcoin Trust ETF","BK4112":"金融交易所和数据","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念","BK4539":"次新股","BK4023":"应用软件","EBON":"亿邦国际","IBIT":"iShares Bitcoin Trust","BK4554":"元宇宙及AR概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BTCO":"Invesco Galaxy Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","EZBC":"Franklin Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","MARA":"Marathon Digital Holdings Inc","BK4594":"比特币ETF概念"},"source_url":"https://news.cnyes.com/news/id/5451735?exp=a","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2411805617","content_text":"由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。根据道琼市场数据，现货比特币 ETF 中，灰阶比特币信托 (GBTC-US) 周一上涨 5.6%，收于 44.86 美元；贝莱德的 iShares 比特币信托 (IBIT-US) 也上涨 5.6%，收于 28.66 美元；Fidelity Wise Origin 比特币基金 (FBTC-US) 上涨 5.7%，收在 44.02 美元；ARK 21Shares 比特币 ETF (ARKB-US) 收高 5.7% 至 50.31 美元。比特币期货 ETF 周一也上涨。 ProShares 比特币策略 ETF (BITO-US) 上涨 5.7%，至 23.82 美元，Valkyrie 比特币和以太策略 ETF (BTF-US) 上涨 5.6%，至 15.61 美元。同时，加密货币交易所 Coinbase (COIN-US) 收高 3.7%，至每股 147.31 美元；持有大量比特币的美国商业智慧软件公司 MicroStrategy (MSTR-US)　上涨 11%，收每股 717.52 美元。加密矿商 Riot Platforms (RIOT-US) 上涨 9.4%，收每股 15.92 美元；同业 Marathon Digital Holdings (MARA-US) 收高 14.2% 至每股 27.28 美元。区块链技术公司 Ebang International Holdings (EBON-US) 上涨 7.9% 至每股 11.11 美元。比特币上涨动力来源Fundstrat 数位资产策略主管 Sean Farrell 周一报告指出，最新的反弹似乎是由现货市场需求所推动，“此交易量很大一部分可能通过现货 ETF 进入市场，以追逐周末积极的价格走势。”数位资产管理公司 3iQ 研究主管 Mark Connors 指出，规模最大的现货比特币 ETF 灰阶比特币信托资金流出速度一直在放缓，且竞争对手的比特币 ETF 的需求仍然强劲。他认为，在地缘政治不确定性的情况下，部分投资者也将比特币视为潜在避风港。Kraken 战略主管 Thomas Perfumo 也表示：“2024 年全球地缘政治不稳定，在这样的环境中，全球将举行 60 多场重大选举。这推动资本流向比特币等高品质的价值储存资产。”然而，相对于黄金等传统价值储存资产，比特币价格仍属高波动资产，多数人仍不认同其避险功能。展望未来Connors 目前预期比特币下阶段水准介于 6 万美元至 6.5 万美元，今年年底价格预计达到 16 万美元，到 2025 年下半年将达到 35 万美元。Amberdata 衍生性商品总监 Greg Magadini 预计比特币市值本周将突破 1 兆美元。根据 CoinMarketCap 数据，周一比特币市值约为 9770 亿美元。","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273428365004984,"gmtCreate":1707759456106,"gmtModify":1707759457419,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273428365004984","repostId":"2410899861","repostType":2,"repost":{"id":"2410899861","weMediaInfo":{"introduction":"科技商业观察家。微创新提出者。","home_visible":1,"media_name":"金错刀","id":"1023100042","head_image":"https://static.tigerbbs.com/bd95e24719f249c0bbc96822817a73e4"},"pubTimestamp":1707540840,"share":"https://www.laohu8.com/m/news/2410899861?lang=&edition=full","pubTime":"2024-02-10 12:54","market":"hk","language":"zh","title":"江西首富扩产，一年净赚超65亿","url":"https://stock-news.laohu8.com/highlight/detail?id=2410899861","media":"金错刀","summary":"1月底，组件龙头晶科能源预告，2023年扣非净利超65.5亿元，同比增长在150%左右。总部位于江西上饶的晶科能源，由李仙德兄弟控制。“N型TOPCon产品供不应求，2023年的订单已超额覆盖本年出货目标。”2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。2023年上半年，晶科能源的境外销售收入占比超过60%。李仙德表态称，必须做好充分的周期准备。2023年上半年，两家公司有两笔关联交易，均不超过1亿元。","content":"<html><body><div><p><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/154f382e92e347a5839957d46f3d3e76\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><img src=\"https://static.tigerbbs.com/6b4538a76a2a4c87b96c48114b93b0bb\"/></p><p><img arial=\"\" auto=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" none=\"\" rgba=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/c8dc625be15b4a499587b2e1421c793c\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><span><span>晶科在行业红利期押注，经营有方，成就高光业绩。</span></span></p><p><span><span>但现在已经进入行业逆风期，产能淘汰远超预期。</span></span></p><p><span><span>既不能高估一两年的动荡，也不能低估未来十年的变化。</span></span></p><p><span><span>全球化运营、一体化加深的<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>在危机并存的竞争中放手一搏。</span></span></p><p><span><span arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\">作者 |</span> 覃毅</span></p><p><span>来源 | 21世纪商业评论（</span><span><span>ID：</span><span>weixin21cbr</span></span><span>）</span></p><p><span>金错刀（ijincuodao）授权转载</span></p><p><span>光伏行情波动，江西首富押注N型电池，大赚一笔。</span></p><p><span>1月底，组件龙头<a href=\"https://laohu8.com/S/688223\">晶科能源</a>预告，</span><span>2023年扣非净利超65.5亿元，同比增长在150%左右。</span></p><p><span>原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。</span></p><p><span>“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。</span></p><p><span>总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司<a href=\"https://laohu8.com/S/601778\">晶科科技</a>，也在其治下。</span></p><p><span>按照2月8日的行情，两家公司的市值合计超940亿元。</span></p><p><img src=\"https://static.tigerbbs.com/20ae4286011347a2a478b07c068ee904\"/></p><p><span>根据《2023新财富500富人榜》，</span><span>李仙德家族以353亿的财富，登顶江西首富。</span></p><p><span>李仙德经营有方，然而高光业绩背后，也暗藏隐忧。</span></p><p><span><img src=\"https://static.tigerbbs.com/4fc7bb817595460e989fe8a66d2ce951\"/></span></p><p><span><strong><span>技术红利</span></strong></span></p><p><span>李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。</span></p><p><span>2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。</span></p><p><span>据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。</span></p><p><img src=\"https://static.tigerbbs.com/c0270e923012471fbd872f9823078480\"/></p><p><span>在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。</span></p><p><span>“N型TOPCon产品供不应求，</span><span>2023年的订单已超额覆盖本年出货目标</span><span>。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。</span></p><p><span>由于产品结构的变化，晶科的利润表现持续向好。</span></p><p><span>2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。</span></p><p><img src=\"https://static.tigerbbs.com/036838b2e1de4b7f856acc5f0cf01c23\"/></p><p><span>行业分析认为，主要有两个因素：</span></p><p><span>其一，N型产品逐渐成为市场认可的主流产品。</span></p><p><span>据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。</span></p><p><span>其二，李仙德的N型产品，</span><span>抢占了技术迭代的红利。</span></p><p><span>“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。</span></p><p><span>公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。</span></p><p><span><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" inline=\"\" left=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/da4d66ae76364ffd85a40bae4fd04127\" ui=\"\" visible=\"\" yahei=\"\"/></span></p><p><span><strong><span>大举扩产</span></strong></span></p><p><span>投身光伏行业数十载，李仙德不是冒进派。</span></p><p><span>据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。</span></p><p><span>后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。</span></p><p><img src=\"https://static.tigerbbs.com/7bc2aeaa533f4a8581c5ad78c0dffbbb\"/></p><p><span>稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。</span></p><p><span>同时，他也布局全球化，</span><span>目前拥有14个全球化生产基地</span><span>。2023年上半年，晶科能源的境外销售收入占比超过60%。</span></p><p><span>显然，李仙德也有野心，曾直言“要搞点大的”。</span></p><p><img src=\"https://static.tigerbbs.com/a667f5a1a5934d5f8e567bec66c7a721\"/></p><p><span>基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。</span></p><p><span>2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。</span></p><p><span>当年5月，晶科能源发行可转换债券，</span><span>募资100亿元，补充弹药扩产。</span></p><p><span>眼下，李仙德遭遇行业逆风。</span></p><p><span>据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 </span></p><p><span>行业预计，2024年N型产能会进入过剩阶段。</span></p><p><span>“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。</span></p><p><span>“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。</span></p><p><img src=\"https://static.tigerbbs.com/a0e6e04b219e457cb942b858385e7c7e\"/></p><p><span><strong><span>产能优势</span></strong></span></p><p><span>“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。</span></p><p><span>他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。</span></p><p><span>李仙德积极布局产业链上下游，</span><span>旗下专注光伏电站运营的晶科科技已上市</span><span>，在装机应用一侧拓宽出路。</span></p><p><img src=\"https://static.tigerbbs.com/956bd39facac4742942d827471d0d8e6\"/></p><p><span>两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。</span></p><p><span>晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。</span></p><p><span>2023年上半年，两家公司有两笔关联交易，均不超过1亿元。</span></p><p><img src=\"https://static.tigerbbs.com/c561ffc9c8b54132a45d5bef2f9bd93d\"/></p><p><span>“一体化的产能布局，有利于增强各环节抗风险能力。”</span><span>李仙德认为。</span></p><p><span>加之，全球化运营持续纵深。</span></p><p><span>如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。</span></p><p><span>晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、<a href=\"https://laohu8.com/S/KEP\">韩国电力</a>公司（KEPCO）、法国<a href=\"https://laohu8.com/S/TTE\">道达尔</a>（Total）、<a href=\"https://laohu8.com/S/02380\">中国电力</a>国际等多家机构合作。</span></p><p><span>“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。</span></p><p><span>机遇和风险并存，他眼下的选择是放手一搏。</span></p><p arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" right=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><span><em><span>图片来源于网络，侵权请联系删除</span></em></span><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em></span></p><p arial=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><strong>@The End</strong></span></p><p><span><span><img src=\"https://static.tigerbbs.com/dacc6aa24b4a4c4fa9ed8c6b0ef2bc52\"/></span></span><span><span><img src=\"https://static.tigerbbs.com/1dd88e0d4ba84aac91136c0cbcb6c064\"/></span></span></p><p><span><span><img src=\"https://static.tigerbbs.com/f5e13c3bed8f453e97a7ce721db4e3a9\"/></span></span></p><p><img src=\"https://static.tigerbbs.com/edf347399c80403583ed53ac377e4168\"/></p><p><span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">点个</span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">在看 </span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">不错过刀哥辣评</span></span><img src=\"https://static.tigerbbs.com/5dfc6288376a4bad94ab019d3c5a1a28\"/></p></div></body></html>","source":"weixin_highlight","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>江西首富扩产，一年净赚超65亿</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江西首富扩产，一年净赚超65亿\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1023100042\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/bd95e24719f249c0bbc96822817a73e4);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金错刀 </p>\n<p class=\"h-time\">2024-02-10 12:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><div><p><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/154f382e92e347a5839957d46f3d3e76\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><img src=\"https://static.tigerbbs.com/6b4538a76a2a4c87b96c48114b93b0bb\"/></p><p><img arial=\"\" auto=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" none=\"\" rgba=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/c8dc625be15b4a499587b2e1421c793c\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><span><span>晶科在行业红利期押注，经营有方，成就高光业绩。</span></span></p><p><span><span>但现在已经进入行业逆风期，产能淘汰远超预期。</span></span></p><p><span><span>既不能高估一两年的动荡，也不能低估未来十年的变化。</span></span></p><p><span><span>全球化运营、一体化加深的<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>在危机并存的竞争中放手一搏。</span></span></p><p><span><span arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\">作者 |</span> 覃毅</span></p><p><span>来源 | 21世纪商业评论（</span><span><span>ID：</span><span>weixin21cbr</span></span><span>）</span></p><p><span>金错刀（ijincuodao）授权转载</span></p><p><span>光伏行情波动，江西首富押注N型电池，大赚一笔。</span></p><p><span>1月底，组件龙头<a href=\"https://laohu8.com/S/688223\">晶科能源</a>预告，</span><span>2023年扣非净利超65.5亿元，同比增长在150%左右。</span></p><p><span>原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。</span></p><p><span>“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。</span></p><p><span>总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司<a href=\"https://laohu8.com/S/601778\">晶科科技</a>，也在其治下。</span></p><p><span>按照2月8日的行情，两家公司的市值合计超940亿元。</span></p><p><img src=\"https://static.tigerbbs.com/20ae4286011347a2a478b07c068ee904\"/></p><p><span>根据《2023新财富500富人榜》，</span><span>李仙德家族以353亿的财富，登顶江西首富。</span></p><p><span>李仙德经营有方，然而高光业绩背后，也暗藏隐忧。</span></p><p><span><img src=\"https://static.tigerbbs.com/4fc7bb817595460e989fe8a66d2ce951\"/></span></p><p><span><strong><span>技术红利</span></strong></span></p><p><span>李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。</span></p><p><span>2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。</span></p><p><span>据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。</span></p><p><img src=\"https://static.tigerbbs.com/c0270e923012471fbd872f9823078480\"/></p><p><span>在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。</span></p><p><span>“N型TOPCon产品供不应求，</span><span>2023年的订单已超额覆盖本年出货目标</span><span>。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。</span></p><p><span>由于产品结构的变化，晶科的利润表现持续向好。</span></p><p><span>2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。</span></p><p><img src=\"https://static.tigerbbs.com/036838b2e1de4b7f856acc5f0cf01c23\"/></p><p><span>行业分析认为，主要有两个因素：</span></p><p><span>其一，N型产品逐渐成为市场认可的主流产品。</span></p><p><span>据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。</span></p><p><span>其二，李仙德的N型产品，</span><span>抢占了技术迭代的红利。</span></p><p><span>“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。</span></p><p><span>公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。</span></p><p><span><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" inline=\"\" left=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/da4d66ae76364ffd85a40bae4fd04127\" ui=\"\" visible=\"\" yahei=\"\"/></span></p><p><span><strong><span>大举扩产</span></strong></span></p><p><span>投身光伏行业数十载，李仙德不是冒进派。</span></p><p><span>据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。</span></p><p><span>后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。</span></p><p><img src=\"https://static.tigerbbs.com/7bc2aeaa533f4a8581c5ad78c0dffbbb\"/></p><p><span>稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。</span></p><p><span>同时，他也布局全球化，</span><span>目前拥有14个全球化生产基地</span><span>。2023年上半年，晶科能源的境外销售收入占比超过60%。</span></p><p><span>显然，李仙德也有野心，曾直言“要搞点大的”。</span></p><p><img src=\"https://static.tigerbbs.com/a667f5a1a5934d5f8e567bec66c7a721\"/></p><p><span>基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。</span></p><p><span>2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。</span></p><p><span>当年5月，晶科能源发行可转换债券，</span><span>募资100亿元，补充弹药扩产。</span></p><p><span>眼下，李仙德遭遇行业逆风。</span></p><p><span>据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 </span></p><p><span>行业预计，2024年N型产能会进入过剩阶段。</span></p><p><span>“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。</span></p><p><span>“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。</span></p><p><img src=\"https://static.tigerbbs.com/a0e6e04b219e457cb942b858385e7c7e\"/></p><p><span><strong><span>产能优势</span></strong></span></p><p><span>“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。</span></p><p><span>他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。</span></p><p><span>李仙德积极布局产业链上下游，</span><span>旗下专注光伏电站运营的晶科科技已上市</span><span>，在装机应用一侧拓宽出路。</span></p><p><img src=\"https://static.tigerbbs.com/956bd39facac4742942d827471d0d8e6\"/></p><p><span>两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。</span></p><p><span>晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。</span></p><p><span>2023年上半年，两家公司有两笔关联交易，均不超过1亿元。</span></p><p><img src=\"https://static.tigerbbs.com/c561ffc9c8b54132a45d5bef2f9bd93d\"/></p><p><span>“一体化的产能布局，有利于增强各环节抗风险能力。”</span><span>李仙德认为。</span></p><p><span>加之，全球化运营持续纵深。</span></p><p><span>如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。</span></p><p><span>晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、<a href=\"https://laohu8.com/S/KEP\">韩国电力</a>公司（KEPCO）、法国<a href=\"https://laohu8.com/S/TTE\">道达尔</a>（Total）、<a href=\"https://laohu8.com/S/02380\">中国电力</a>国际等多家机构合作。</span></p><p><span>“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。</span></p><p><span>机遇和风险并存，他眼下的选择是放手一搏。</span></p><p arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" right=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><span><em><span>图片来源于网络，侵权请联系删除</span></em></span><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em></span></p><p arial=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><strong>@The End</strong></span></p><p><span><span><img src=\"https://static.tigerbbs.com/dacc6aa24b4a4c4fa9ed8c6b0ef2bc52\"/></span></span><span><span><img src=\"https://static.tigerbbs.com/1dd88e0d4ba84aac91136c0cbcb6c064\"/></span></span></p><p><span><span><img src=\"https://static.tigerbbs.com/f5e13c3bed8f453e97a7ce721db4e3a9\"/></span></span></p><p><img src=\"https://static.tigerbbs.com/edf347399c80403583ed53ac377e4168\"/></p><p><span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">点个</span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">在看 </span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">不错过刀哥辣评</span></span><img src=\"https://static.tigerbbs.com/5dfc6288376a4bad94ab019d3c5a1a28\"/></p></div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EDF":"Stone Harbor Emerging Markets In","BK4526":"热门中概股","BK4588":"碎股","BK4141":"半导体产品","JKS":"晶科能源","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念"},"source_url":"http://mp.weixin.qq.com/s?__biz=MzUzNDY0NzQwMQ==&mid=2247990431&idx=2&sn=29430d3857da0018e3a56380863396d1&chksm=fa98bb99cdef328f4e2be0be8fcf52101e94f2be11856f2312c6b0da557f7814c9c6bf8ef448#rd","is_english":false,"share_image_url":"https://static.laohu8.com/ecd74548980bc5b366aa8f4b37ed0bd5","article_id":"2410899861","content_text":"晶科在行业红利期押注，经营有方，成就高光业绩。但现在已经进入行业逆风期，产能淘汰远超预期。既不能高估一两年的动荡，也不能低估未来十年的变化。全球化运营、一体化加深的晶科能源在危机并存的竞争中放手一搏。作者 | 覃毅来源 | 21世纪商业评论（ID：weixin21cbr）金错刀（ijincuodao）授权转载光伏行情波动，江西首富押注N型电池，大赚一笔。1月底，组件龙头晶科能源预告，2023年扣非净利超65.5亿元，同比增长在150%左右。原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司晶科科技，也在其治下。按照2月8日的行情，两家公司的市值合计超940亿元。根据《2023新财富500富人榜》，李仙德家族以353亿的财富，登顶江西首富。李仙德经营有方，然而高光业绩背后，也暗藏隐忧。技术红利李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。“N型TOPCon产品供不应求，2023年的订单已超额覆盖本年出货目标。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。由于产品结构的变化，晶科的利润表现持续向好。2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。行业分析认为，主要有两个因素：其一，N型产品逐渐成为市场认可的主流产品。据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。其二，李仙德的N型产品，抢占了技术迭代的红利。“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。大举扩产投身光伏行业数十载，李仙德不是冒进派。据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。同时，他也布局全球化，目前拥有14个全球化生产基地。2023年上半年，晶科能源的境外销售收入占比超过60%。显然，李仙德也有野心，曾直言“要搞点大的”。基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。当年5月，晶科能源发行可转换债券，募资100亿元，补充弹药扩产。眼下，李仙德遭遇行业逆风。据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 行业预计，2024年N型产能会进入过剩阶段。“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。产能优势“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。李仙德积极布局产业链上下游，旗下专注光伏电站运营的晶科科技已上市，在装机应用一侧拓宽出路。两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。2023年上半年，两家公司有两笔关联交易，均不超过1亿元。“一体化的产能布局，有利于增强各环节抗风险能力。”李仙德认为。加之，全球化运营持续纵深。如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、韩国电力公司（KEPCO）、法国道达尔（Total）、中国电力国际等多家机构合作。“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。机遇和风险并存，他眼下的选择是放手一搏。图片来源于网络，侵权请联系删除@The End点个在看 不错过刀哥辣评","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271806994964592,"gmtCreate":1707410888797,"gmtModify":1707410889998,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271806994964592","repostId":"2409403557","repostType":2,"repost":{"id":"2409403557","pubTimestamp":1707222832,"share":"https://www.laohu8.com/m/news/2409403557?lang=&edition=full","pubTime":"2024-02-06 20:33","market":"hk","language":"en","title":"Is United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?","url":"https://stock-news.laohu8.com/highlight/detail?id=2409403557","media":"Simply Wall St.","summary":"Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...","content":"<html><body><div><p> Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to examine United Airlines Holdings, Inc. (NASDAQ:UAL), by way of a worked example.  </p><p> Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital.  In simpler terms, it measures the profitability of a company in relation to shareholder's equity. </p><p><span> Check out our latest analysis for United Airlines Holdings </span></p><h2> How To Calculate Return On Equity? </h2><p> <strong>Return on equity can be calculated by using the formula:</strong> </p><p> Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity </p><p>So, based on the above formula, the ROE for United Airlines Holdings is:</p><p>28% = US$2.6b ÷ US$9.3b (Based on the trailing twelve months to December 2023).</p><p> The 'return' is the income the business earned over the last year.  Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit. </p> <h2> Does United Airlines Holdings Have A Good Return On Equity? </h2><p> By comparing a company's ROE with its industry average, we can get a quick measure of how good it is.  Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification.   Pleasingly, United Airlines Holdings has a superior ROE than the average (13%) in the Airlines industry. </p><figure><img height=\"316\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/309845-roe-1-dark/1707222831164\" width=\"333\"/><figcaption>NasdaqGS:UAL Return on Equity February 6th 2024</figcaption></figure><p> That's what we like to see.    However, bear in mind that a high ROE doesn’t necessarily indicate efficient profit generation.  A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .   You can see the 2 risks we have identified for United Airlines Holdings by visiting our <b>risks dashboard</b> for free  on our platform here. </p><h2> The Importance Of Debt To Return On Equity </h2><p> Virtually all companies need money to invest in the business, to grow profits.  The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing.  In the first and second cases, the ROE will reflect this use of cash for investment in the business.  In the latter case, the debt used for growth will improve returns, but won't affect the total equity.  That will make the ROE look better than if no debt was used. </p><h2> Combining United Airlines Holdings' Debt And Its 28% Return On Equity </h2><p> We think United Airlines Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 3.37.   So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.    </p> <h2> Summary  </h2> <p> Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders.  Companies that can achieve high returns on equity without too much debt are generally of good quality.  If two companies have the same ROE, then I would generally prefer the one with less debt. </p><p> But when a business is high quality, the market often bids it up to a price that reflects this.  Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider.   So I think it may be worth checking this <strong>free</strong> report on analyst forecasts for the company. </p><p> But note: <strong>United Airlines Holdings may not be the best stock to buy</strong>. So take a peek at this <strong>free</strong> list of interesting companies with high ROE and low debt. </p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether United Airlines Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p></div></body></html>","source":"simplywall_highlight","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>Is United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?</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\">\nIs United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 20:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to...</p>\n\n<a href=\"https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/3221000-choice2-main-header/1585186666788","relate_stocks":{"BK4585":"ETF&股票定投概念","UAL":"联合大陆航空","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF","NDAQ":"纳斯达克OMX交易所","ROE":"ASTORIA US QUALITY KINGS ETF","BK4588":"碎股","BK4500":"航空公司","QID":"纳指两倍做空ETF","BK4112":"金融交易所和数据","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","QLD":"纳指两倍做多ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","BK4008":"航空公司"},"source_url":"https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409403557","content_text":"Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to examine United Airlines Holdings, Inc. (NASDAQ:UAL), by way of a worked example.   Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital.  In simpler terms, it measures the profitability of a company in relation to shareholder's equity.  Check out our latest analysis for United Airlines Holdings  How To Calculate Return On Equity?  Return on equity can be calculated by using the formula:  Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for United Airlines Holdings is:28% = US$2.6b ÷ US$9.3b (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year.  Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit.   Does United Airlines Holdings Have A Good Return On Equity?  By comparing a company's ROE with its industry average, we can get a quick measure of how good it is.  Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification.   Pleasingly, United Airlines Holdings has a superior ROE than the average (13%) in the Airlines industry. NasdaqGS:UAL Return on Equity February 6th 2024 That's what we like to see.    However, bear in mind that a high ROE doesn’t necessarily indicate efficient profit generation.  A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .   You can see the 2 risks we have identified for United Airlines Holdings by visiting our risks dashboard for free  on our platform here.  The Importance Of Debt To Return On Equity  Virtually all companies need money to invest in the business, to grow profits.  The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing.  In the first and second cases, the ROE will reflect this use of cash for investment in the business.  In the latter case, the debt used for growth will improve returns, but won't affect the total equity.  That will make the ROE look better than if no debt was used.  Combining United Airlines Holdings' Debt And Its 28% Return On Equity  We think United Airlines Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 3.37.   So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.      Summary    Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders.  Companies that can achieve high returns on equity without too much debt are generally of good quality.  If two companies have the same ROE, then I would generally prefer the one with less debt.  But when a business is high quality, the market often bids it up to a price that reflects this.  Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider.   So I think it may be worth checking this free report on analyst forecasts for the company.  But note: United Airlines Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. Valuation is complex, but we're helping make it simple.Find out whether United Airlines Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271479438143584,"gmtCreate":1707316989352,"gmtModify":1707316990574,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271479438143584","repostId":"2409404075","repostType":2,"repost":{"id":"2409404075","pubTimestamp":1707230983,"share":"https://www.laohu8.com/m/news/2409404075?lang=&edition=full","pubTime":"2024-02-06 22:49","market":"us","language":"en","title":"Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project","url":"https://stock-news.laohu8.com/highlight/detail?id=2409404075","media":"seekingalpha","summary":"Canadian Solar  +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services  as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","content":"<html><body><p>Canadian Solar (<span>NASDAQ:CSIQ</span>) <span>+0.5%</span> in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana.</p> <p>Microsoft said it will purchase 100% of the energy and renewable energy<span> credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030.</span></p> <p>Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024.</p> <p>Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.</p> <div> <h2>More on Canadian Solar</h2> <ul> <li>Canadian Solar: From China With Modules</li> <li>Canadian Solar: Too Cheap To Ignore</li> <li>Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains</li> </ul> </div></body></html>","source":"seekingalpha","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>Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project</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; 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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\">\nCanadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canadian Solar (NASDAQ:CSIQ) +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1342257053/image_1342257053.jpg","relate_stocks":{"BK4576":"AR","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4525":"远程办公概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","CSIQ":"阿特斯太阳能","BK4577":"网络游戏","PRIM":"Primoris Services Corporation","BK4527":"明星科技股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4579":"人工智能","BK4526":"热门中概股","BK4588":"碎股","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4503":"景林资产持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","MSFT":"微软","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4528":"SaaS概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4592":"伊斯兰概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4532":"文艺复兴科技持仓","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4534":"瑞士信贷持仓"},"source_url":"https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2409404075","content_text":"Canadian Solar (NASDAQ:CSIQ) +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","news_type":1},"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271151792705744,"gmtCreate":1707236931531,"gmtModify":1707236932709,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271151792705744","repostId":"2409405161","repostType":2,"repost":{"id":"2409405161","pubTimestamp":1707226500,"share":"https://www.laohu8.com/m/news/2409405161?lang=&edition=full","pubTime":"2024-02-06 21:35","market":"us","language":"en","title":"Enjoy Monthly Income From 2 Top-Notch Opportunities","url":"https://stock-news.laohu8.com/highlight/detail?id=2409405161","media":"seekingalpha","summary":"When was the last time you cried tears of joy?","content":"<html><body><ul><li>When was the last time you cried tears of joy?</li><li>I am incredibly grateful for all the dividends pouring into my account.</li><li>Retirement is easier when someone else is paying for it. Let the market do its part.</li></ul><p><figure><picture><img loading=\"lazy\" src=\"https://media.gettyimages.com/id/1437960410/photo/powerful-marathon-finish-line-celebration-moment.jpg?b=1&amp;s=170667a&amp;w=0&amp;k=20&amp;c=vmqR50KHuOnMRfpM9b-Xo8PbrisZo5P0pPMHb21RtwY=\"/></picture><figcaption><p>Ben Garvin/DigitalVision via Getty Images</p></figcaption></figure></p> <p><em>Co-authored by Treading Softly</em></p> <p>I've never been one to be known as highly emotional. Though I am surrounded by individuals in my life who are. My one daughter, for example, has every emotion at a ten, all the time. She's either<span> 10 out of 10 happy, 10 out of 10 sad, or 10 out of 10 angry. Because of this, she is extremely attuned to the emotional impacts of various media. It is not uncommon to find her listening to beautiful music or emotionally charged music and crying either because of the sadness contained in the song or because of the extreme joy contained within that song. She frequently has what she calls \"happy tears,\" which are just tears of joy under a different name.</span></p> <p>I'm able to enjoy a different kind of period where<span> I get tears of joy - every single time dividends arrive in my portfolio. Ok, maybe not physical tears, but inside that is the feeling I get.</span></p> <blockquote><p>Do you know the only thing that gives me pleasure? It's to see my dividends coming in. - <em>John D. Rockefeller</em></p></blockquote> <p>You see, as an income investor, my main focus when approaching the market is to get paid by that market. I have learned through the years of managing my portfolio that if you focus on what you can control the rest will take care of itself. I have focused on building my income by buying dividend-paying stocks. Whether the market is up or down, I can take actions that will increase the dividends I receive. Because of that, my total returns have grown over time.</p> <p>Today, I want to take a look at two opportunities that pay income monthly. You can enjoy a strong income from them month after month after month, and every time that money arrives, you can cry tears of joy knowing that it's going to come again next month as well, all while you think about all the different opportunities that you can take advantage of with them.</p> <p>Let's dive in.</p> <h2>Pick #1: EPR - Yield 7.3%</h2> <p><strong>EPR Properties</strong> (EPR) is a real estate investment trust that specializes in experiential properties, such as entertainment, recreation, and leisure venues. In short, <strong>EPR</strong> owns places where you go to experience something. In a world where people were staying at home, that wasn't the best place to be.</p> <p>EPR was originally founded as a REIT for movie theaters. An asset class that historically has been extremely reliable and desirable for landlords. It is also a sector that still hasn't recovered from COVID. EPR saw one of its largest tenants, Regal, in bankruptcy court last year.</p> <p>The Regal bankruptcy was resolved and the lease renegotiated in an agreement that provides EPR with a lower fixed rent, but a higher percentage rent. It provides Regal with an immediate reduction in rent, but provides EPR with upside as the box office recovers.</p> <p>Despite this setback last year, EPR saw FFO and AFFO climb throughout the year. Importantly, EPR's dividend coverage improved with the payout ratio declining from 65% of AFFO in Q4 2022 to 56% in Q3. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057040311408997.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>It should be noted that EPR does have temporary cash flow which has benefited it. EPR has been collecting rent that was deferred in 2020 during COVID, and those collections are nearing an end. In 2023, those excess collections are estimated to be approximately $0.47/share. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057041771249614.png\"/></span><figcaption><p>EPR Q3 2023 Presentation</p></figcaption></figure></p> <p>Fortunately, EPR's management provided guidance for 2023 with and without rent deferrals collected:</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057043068081799.png\"/></span><figcaption><p>EPR Q3 2023 Presentation</p></figcaption></figure></p> <p>As we look forward to 2024, we don't expect rent deferral collections to be significant. As a result, we can expect 2024 earnings to be starting at a base of $4.67 FFO as adjusted. Which puts the payout ratio for 2023 at approximately 70%. For the second half of 2023, we expect the payout ratio excluding the impact of deferral collections to be in the 66-68% range. Before COVID, EPR generally targeted a 70-80% payout ratio.</p> <p>So is EPR likely to announce a dividend raise at earnings? That falls into the category of \"definitely maybe\". On the one hand, the run-rate payout ratio is definitely low enough to justify a modest increase. At earnings, management suggested that they expected a 4% annual per/share FFO growth was a reasonable expectation over the long run. EPR is currently operating below its target leverage range of 5-5.5x, so in the near term, growth should continue to run above 4%. That should allow EPR to increase the dividend by about $0.01/month +- to maintain a payout ratio of 70% or below.</p> <p>On the other hand, EPR might decide to maintain a conservative approach and keep retaining cash. There are some obvious risks. An eventual bankruptcy from AMC Entertainment (AMC) at this point should surprise nobody. Unlike Regal, EPR already renegotiated its leases with AMC in 2020. When it renegotiated the leases, EPR was well aware that bankruptcy was a very real possibility and structured the leases with an AMC bankruptcy filing in mind. Here is an exchange from the Q2 2020 earnings call:</p> <blockquote> <p><strong>Brian Hawthorne</strong></p> <p>Hi. Good morning. My first question in a bankruptcy scenario, how comfortable are you that the AMC Master Lease will stand up in court?</p> <p><strong>Greg Silvers</strong></p> <p>You know, I don't think anybody can give you great assurances. But I can tell you that when we structured it, we used bankruptcy council, the latest court decisions that were out there to structure a transaction that we believe is the most formidable available.</p> </blockquote> <p>There can be no guarantees, but EPR was able to get an overall favorable result from the Cineworld/Regal bankruptcy. It is more prepared for an AMC bankruptcy and the amount of rent involved is similar. If AMC does file bankruptcy, we expect the impact to be very similar to the impact that Cineworld/Regal's filing had, which means a far greater impact on sentiment than on actual earnings. EPR managed to grow earnings throughout 2023 despite Regal's bankruptcy filing at the end of 2022.</p> <p>In the meantime, EPR continues to reduce the number of theaters they have exposure to - choosing to focus on growing its non-theater side of the business.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-1705704516469509.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>EPR has 11 theater properties that it intends to sell, and we can expect to see them sell this year. Meanwhile, EPR has ample liquidity to fund growth if it finds opportunities with nothing drawn on its $1 billion revolving line of credit.</p> <p>EPR also has the luxury of a favorable maturity schedule for its bonds. The next maturity is in August 2024 for only $136.6 million, less than 5% of EPR's overall debt.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057046838524554.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>That is an amount small enough that EPR could entertain repaying it with cash, and if it refinances it at current rates, the principal is low enough that it will not have a material impact on earnings.</p> <p>The outlook for EPR in 2024 is bright. We can expect modest FFO growth, a possible dividend raise, and management is in the driver's seat in deciding how quickly to expand.</p> <p>On the risk side, there is a possibility that AMC will file for bankruptcy, although that risk is likely much greater in 2025/2026 as AMC has very little debt maturing in 2024.</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-1705707566878134.png\"/></picture><figcaption><p>AMC Q3 2023 10-Q</p></figcaption></figure></p> <p>As noted above, we believe that if AMC were to file bankruptcy, it might have a psychological impact on share price, but would not have a significant impact on EPR's earnings. EPR should have no trouble maintaining and even growing its dividend, regardless of what AMC does.</p> <p>With this in mind, we are happy to continue adding to EPR at current prices.</p> <h2>Pick #2: XFLT - Yield 13.7%</h2> <p>We frequently talk about the massive income potential from leveraged loans through CLO equity funds. Like many types of debt investments, leveraged loans have seen their prices fall and are trading at historically high yields.</p> <p>The S&amp;P LSTA Leveraged Loan Index is trading at a yield-to-maturity of 9.49%: <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057084434071882.png\"/></span><figcaption><p>S&amp;P Global</p></figcaption></figure></p> <p>Unlike 2020, where the yield rose and quickly fell back down, the index has been trading at an elevated yield for over a year. CLO equity positions are a leveraged investment in these loans and have enjoyed huge cash flows. However, that high cash flow comes with significant volatility. One of our picks in the sector, Oxford Lane Capital (OXLC) provides exposure to CLO equity with very high yields but has also experienced high volatility in price and distributions. A rollercoaster that some investors might not care to ride.</p> <p>For investors who want to benefit from the high yields in leveraged loans, but want less volatility, <a href=\"https://laohu8.com/S/BKLN\">Invesco Senior Loan ETF</a> (BKLN) is an ETF in the sector that has no leverage. Of course, no leverage means lower yield and lower total returns as loan prices recover. It also means that the distribution is variable and will decline as interest rates decline.</p> <p><strong>XAI Octagon Floating Rate &amp; Alternative Income Term Trust</strong> (XFLT) is a great middle option. It offers leveraged exposure to loans with a combination of CLO debt, CLO equity, and owning loans directly. <em>Source</em></p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057051708371546.png\"/></picture><figcaption><p>XFLT Website</p></figcaption></figure></p> <p>By owning this mixture, <strong>XFLT</strong> has less volatility than a pure CLO equity CEF, and it was also the quickest fund in the sector to restore its distribution during COVID. It paid a reduced distribution for only 6 months, and today is paying a higher distribution than it paid pre-COVID.</p> <p>When we look at the rolling returns, we can see that XFLT isn't quite as volatile as OXLC, while still providing much higher average returns than BKLN. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057052786931047.png\"/></span><figcaption><p>Portfolio Visualizer</p></figcaption></figure></p> <p>It has also provided a more stable income.</p> <p>XFLT took advantage of the COVID collapse, significantly expanding its portfolio in late 2020 and throughout 2021. That growth effort resumed in 2023. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/20/16392-17057532244250476.png\"/></span><figcaption><p>XFLT Q1 2023 Webinar</p></figcaption></figure></p> <p>While loan prices have been low, XFLT has been a buyer - positioning itself to benefit when yields decline and prices rise. For those who want exposure to the substantial cash flow being produced by leveraged loans, but don't want the volatility and violent NAV swings inherent in funds that focus on CLO equity, XFLT is a great middle-ground. A bit lower yield, but 13.7% with the potential for more distribution growth is hardly something to sneeze at!</p> <h2>Conclusion</h2> <p>With EPR and XFLT, we can enjoy strong income while benefitting from everyday life for most Americans. XFLT owns debt covering a wide array of the U.S. economy, and EPR owns experiential properties enjoyed by many. This allows both of today's opportunities to pay you monthly, 12 months a year.</p> <p>When it comes to retirement, it's nice to still receive a monthly paycheck. Many of us enjoyed either weekly or bi-weekly paychecks. It's less common only to be paid once a month, but some of us still receive monthly pay. Having the ability to receive income every month reduces some of the headaches of having to budget and spread your money over a longer period when you get it in a lump sum, especially if that is unusual or uncommon for you. Retirement should be a period of lower stress and fewer worries than you had before. Getting income monthly can help reduce the stress of your need to budget effectively and give you fewer worries month to month. This way, you can spend that valuable time doing something you enjoy, like a hobby or spending time with loved ones, instead of having to stare at your checkbook.</p> <div></div> <p>That's the beauty of my Income Method. That's the beauty of income investing.</p></body></html>","source":"seekingalpha","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>Enjoy Monthly Income From 2 Top-Notch Opportunities</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\">\nEnjoy Monthly Income From 2 Top-Notch Opportunities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 21:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When was the last time you cried tears of joy?I am incredibly grateful for all the dividends pouring into my account.Retirement is easier when someone else is paying for it. Let the market do its part...</p>\n\n<a href=\"https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXLC":"Oxford Lane Capital Corp","AMC":"AMC院线","EPR":"EPR不动产","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","XFLT":"XAI Octagon Floating Rate & Alternative Income Term Trust","BKLN":"Invesco Senior Loan ETF","BK4547":"WSB热门概念","BK4108":"电影和娱乐"},"source_url":"https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2409405161","content_text":"When was the last time you cried tears of joy?I am incredibly grateful for all the dividends pouring into my account.Retirement is easier when someone else is paying for it. Let the market do its part.Ben Garvin/DigitalVision via Getty Images Co-authored by Treading Softly I've never been one to be known as highly emotional. Though I am surrounded by individuals in my life who are. My one daughter, for example, has every emotion at a ten, all the time. She's either 10 out of 10 happy, 10 out of 10 sad, or 10 out of 10 angry. Because of this, she is extremely attuned to the emotional impacts of various media. It is not uncommon to find her listening to beautiful music or emotionally charged music and crying either because of the sadness contained in the song or because of the extreme joy contained within that song. She frequently has what she calls \"happy tears,\" which are just tears of joy under a different name. I'm able to enjoy a different kind of period where I get tears of joy - every single time dividends arrive in my portfolio. Ok, maybe not physical tears, but inside that is the feeling I get. Do you know the only thing that gives me pleasure? It's to see my dividends coming in. - John D. Rockefeller You see, as an income investor, my main focus when approaching the market is to get paid by that market. I have learned through the years of managing my portfolio that if you focus on what you can control the rest will take care of itself. I have focused on building my income by buying dividend-paying stocks. Whether the market is up or down, I can take actions that will increase the dividends I receive. Because of that, my total returns have grown over time. Today, I want to take a look at two opportunities that pay income monthly. You can enjoy a strong income from them month after month after month, and every time that money arrives, you can cry tears of joy knowing that it's going to come again next month as well, all while you think about all the different opportunities that you can take advantage of with them. Let's dive in. Pick #1: EPR - Yield 7.3% EPR Properties (EPR) is a real estate investment trust that specializes in experiential properties, such as entertainment, recreation, and leisure venues. In short, EPR owns places where you go to experience something. In a world where people were staying at home, that wasn't the best place to be. EPR was originally founded as a REIT for movie theaters. An asset class that historically has been extremely reliable and desirable for landlords. It is also a sector that still hasn't recovered from COVID. EPR saw one of its largest tenants, Regal, in bankruptcy court last year. The Regal bankruptcy was resolved and the lease renegotiated in an agreement that provides EPR with a lower fixed rent, but a higher percentage rent. It provides Regal with an immediate reduction in rent, but provides EPR with upside as the box office recovers. Despite this setback last year, EPR saw FFO and AFFO climb throughout the year. Importantly, EPR's dividend coverage improved with the payout ratio declining from 65% of AFFO in Q4 2022 to 56% in Q3. Source EPR Q3 2023 Supplement It should be noted that EPR does have temporary cash flow which has benefited it. EPR has been collecting rent that was deferred in 2020 during COVID, and those collections are nearing an end. In 2023, those excess collections are estimated to be approximately $0.47/share. Source EPR Q3 2023 Presentation Fortunately, EPR's management provided guidance for 2023 with and without rent deferrals collected: EPR Q3 2023 Presentation As we look forward to 2024, we don't expect rent deferral collections to be significant. As a result, we can expect 2024 earnings to be starting at a base of $4.67 FFO as adjusted. Which puts the payout ratio for 2023 at approximately 70%. For the second half of 2023, we expect the payout ratio excluding the impact of deferral collections to be in the 66-68% range. Before COVID, EPR generally targeted a 70-80% payout ratio. So is EPR likely to announce a dividend raise at earnings? That falls into the category of \"definitely maybe\". On the one hand, the run-rate payout ratio is definitely low enough to justify a modest increase. At earnings, management suggested that they expected a 4% annual per/share FFO growth was a reasonable expectation over the long run. EPR is currently operating below its target leverage range of 5-5.5x, so in the near term, growth should continue to run above 4%. That should allow EPR to increase the dividend by about $0.01/month +- to maintain a payout ratio of 70% or below. On the other hand, EPR might decide to maintain a conservative approach and keep retaining cash. There are some obvious risks. An eventual bankruptcy from AMC Entertainment (AMC) at this point should surprise nobody. Unlike Regal, EPR already renegotiated its leases with AMC in 2020. When it renegotiated the leases, EPR was well aware that bankruptcy was a very real possibility and structured the leases with an AMC bankruptcy filing in mind. Here is an exchange from the Q2 2020 earnings call:  Brian Hawthorne Hi. Good morning. My first question in a bankruptcy scenario, how comfortable are you that the AMC Master Lease will stand up in court? Greg Silvers You know, I don't think anybody can give you great assurances. But I can tell you that when we structured it, we used bankruptcy council, the latest court decisions that were out there to structure a transaction that we believe is the most formidable available.  There can be no guarantees, but EPR was able to get an overall favorable result from the Cineworld/Regal bankruptcy. It is more prepared for an AMC bankruptcy and the amount of rent involved is similar. If AMC does file bankruptcy, we expect the impact to be very similar to the impact that Cineworld/Regal's filing had, which means a far greater impact on sentiment than on actual earnings. EPR managed to grow earnings throughout 2023 despite Regal's bankruptcy filing at the end of 2022. In the meantime, EPR continues to reduce the number of theaters they have exposure to - choosing to focus on growing its non-theater side of the business. EPR Q3 2023 Supplement EPR has 11 theater properties that it intends to sell, and we can expect to see them sell this year. Meanwhile, EPR has ample liquidity to fund growth if it finds opportunities with nothing drawn on its $1 billion revolving line of credit. EPR also has the luxury of a favorable maturity schedule for its bonds. The next maturity is in August 2024 for only $136.6 million, less than 5% of EPR's overall debt. EPR Q3 2023 Supplement That is an amount small enough that EPR could entertain repaying it with cash, and if it refinances it at current rates, the principal is low enough that it will not have a material impact on earnings. The outlook for EPR in 2024 is bright. We can expect modest FFO growth, a possible dividend raise, and management is in the driver's seat in deciding how quickly to expand. On the risk side, there is a possibility that AMC will file for bankruptcy, although that risk is likely much greater in 2025/2026 as AMC has very little debt maturing in 2024. AMC Q3 2023 10-Q As noted above, we believe that if AMC were to file bankruptcy, it might have a psychological impact on share price, but would not have a significant impact on EPR's earnings. EPR should have no trouble maintaining and even growing its dividend, regardless of what AMC does. With this in mind, we are happy to continue adding to EPR at current prices. Pick #2: XFLT - Yield 13.7% We frequently talk about the massive income potential from leveraged loans through CLO equity funds. Like many types of debt investments, leveraged loans have seen their prices fall and are trading at historically high yields. The S&P LSTA Leveraged Loan Index is trading at a yield-to-maturity of 9.49%: Source S&P Global Unlike 2020, where the yield rose and quickly fell back down, the index has been trading at an elevated yield for over a year. CLO equity positions are a leveraged investment in these loans and have enjoyed huge cash flows. However, that high cash flow comes with significant volatility. One of our picks in the sector, Oxford Lane Capital (OXLC) provides exposure to CLO equity with very high yields but has also experienced high volatility in price and distributions. A rollercoaster that some investors might not care to ride. For investors who want to benefit from the high yields in leveraged loans, but want less volatility, Invesco Senior Loan ETF (BKLN) is an ETF in the sector that has no leverage. Of course, no leverage means lower yield and lower total returns as loan prices recover. It also means that the distribution is variable and will decline as interest rates decline. XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is a great middle option. It offers leveraged exposure to loans with a combination of CLO debt, CLO equity, and owning loans directly. Source XFLT Website By owning this mixture, XFLT has less volatility than a pure CLO equity CEF, and it was also the quickest fund in the sector to restore its distribution during COVID. It paid a reduced distribution for only 6 months, and today is paying a higher distribution than it paid pre-COVID. When we look at the rolling returns, we can see that XFLT isn't quite as volatile as OXLC, while still providing much higher average returns than BKLN. Source Portfolio Visualizer It has also provided a more stable income. XFLT took advantage of the COVID collapse, significantly expanding its portfolio in late 2020 and throughout 2021. That growth effort resumed in 2023. Source XFLT Q1 2023 Webinar While loan prices have been low, XFLT has been a buyer - positioning itself to benefit when yields decline and prices rise. For those who want exposure to the substantial cash flow being produced by leveraged loans, but don't want the volatility and violent NAV swings inherent in funds that focus on CLO equity, XFLT is a great middle-ground. A bit lower yield, but 13.7% with the potential for more distribution growth is hardly something to sneeze at! Conclusion With EPR and XFLT, we can enjoy strong income while benefitting from everyday life for most Americans. XFLT owns debt covering a wide array of the U.S. economy, and EPR owns experiential properties enjoyed by many. This allows both of today's opportunities to pay you monthly, 12 months a year. When it comes to retirement, it's nice to still receive a monthly paycheck. Many of us enjoyed either weekly or bi-weekly paychecks. It's less common only to be paid once a month, but some of us still receive monthly pay. Having the ability to receive income every month reduces some of the headaches of having to budget and spread your money over a longer period when you get it in a lump sum, especially if that is unusual or uncommon for you. Retirement should be a period of lower stress and fewer worries than you had before. Getting income monthly can help reduce the stress of your need to budget effectively and give you fewer worries month to month. This way, you can spend that valuable time doing something you enjoy, like a hobby or spending time with loved ones, instead of having to stare at your checkbook.  That's the beauty of my Income Method. That's the beauty of income investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":269080721281152,"gmtCreate":1706724344991,"gmtModify":1706724346376,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/269080721281152","repostId":"2407824475","repostType":2,"repost":{"id":"2407824475","pubTimestamp":1706696844,"share":"https://www.laohu8.com/m/news/2407824475?lang=&edition=full","pubTime":"2024-01-31 18:27","market":"nz","language":"en","title":"Is JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?","url":"https://stock-news.laohu8.com/highlight/detail?id=2407824475","media":"Simply Wall St.","summary":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...","content":"<html><body><div><p> Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses.  We note that <strong>JinkoSolar Holding Co., Ltd.</strong> (NYSE:JKS) does have debt on its balance sheet.  But is this debt a concern to shareholders? </p><h2> When Is Debt A Problem? </h2><p> Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.  Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, plenty of companies use debt to fund growth, without any negative consequences.  When we think about a company's use of debt, we first look at cash and debt together. </p> <p><span> See our latest analysis for JinkoSolar Holding </span></p><h2> What Is JinkoSolar Holding's Net Debt? </h2><p> As you can see below, JinkoSolar Holding had CN¥53.3b of debt at September 2023, down from CN¥56.9b a year prior.    However, because it has a cash reserve of CN¥13.6b, its net debt is less, at about CN¥39.7b.  </p><figure><img height=\"526\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/49547584-debt-equity-history-analysis-1-dark/1706696842465\" width=\"821\"/><figcaption>NYSE:JKS Debt to Equity History January 31st 2024</figcaption></figure><h2> How Strong Is JinkoSolar Holding's Balance Sheet? </h2><p> According to the last reported balance sheet, JinkoSolar Holding had liabilities of CN¥73.3b due within 12 months, and liabilities of CN¥20.9b due beyond 12 months.   Offsetting these obligations, it had cash of CN¥13.6b as well as receivables valued at CN¥29.9b due within 12 months.   So it has liabilities totalling CN¥50.8b more than its cash and near-term receivables, combined.  </p><p> This deficit casts a shadow over the CN¥10.3b company, like a colossus towering over mere mortals.   So we'd watch its balance sheet closely, without a doubt.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.  </p> <p> We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio). </p> <p> JinkoSolar Holding has a debt to EBITDA ratio of 3.8, which signals significant debt, but is still pretty reasonable for most types of business.  However, its interest coverage of 13.7 is very high, suggesting that the interest expense on the debt is currently quite low.        Notably, JinkoSolar Holding's EBIT launched higher than Elon Musk, gaining a whopping 1,072% on last year.      When analysing debt levels, the balance sheet is the obvious place to start.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.  </p><p> Finally, a company can only pay off debt with cold hard cash, not accounting profits.   So it's worth checking how much of that EBIT is backed by free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.   </p> <h2>Our View</h2><p> On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But at least it's pretty decent at covering its interest expense with its EBIT; that's encouraging.      Looking at the bigger picture, it seems clear to us that JinkoSolar Holding's use of debt is creating risks for the company.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    There's no doubt that we learn most about debt from the balance sheet.  However, not all investment risk resides within the balance sheet - far from it.   For instance, we've identified  <strong> 4 warning signs for JinkoSolar Holding</strong> (2 are potentially serious)  you should be aware of.   </p> <p> Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today. </p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p></div></body></html>","source":"simplywall_highlight","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>Is JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?</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\">\nIs JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-31 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/8212000-choice2-main-header/1585186783100","relate_stocks":{"BK4519":"光伏太阳能","NYSE":"纽交所","JKS":"晶科能源","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4526":"热门中概股","BK4141":"半导体产品"},"source_url":"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2407824475","content_text":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses.  We note that JinkoSolar Holding Co., Ltd. (NYSE:JKS) does have debt on its balance sheet.  But is this debt a concern to shareholders?  When Is Debt A Problem?  Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.  Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, plenty of companies use debt to fund growth, without any negative consequences.  When we think about a company's use of debt, we first look at cash and debt together.   See our latest analysis for JinkoSolar Holding  What Is JinkoSolar Holding's Net Debt?  As you can see below, JinkoSolar Holding had CN¥53.3b of debt at September 2023, down from CN¥56.9b a year prior.    However, because it has a cash reserve of CN¥13.6b, its net debt is less, at about CN¥39.7b.  NYSE:JKS Debt to Equity History January 31st 2024 How Strong Is JinkoSolar Holding's Balance Sheet?  According to the last reported balance sheet, JinkoSolar Holding had liabilities of CN¥73.3b due within 12 months, and liabilities of CN¥20.9b due beyond 12 months.   Offsetting these obligations, it had cash of CN¥13.6b as well as receivables valued at CN¥29.9b due within 12 months.   So it has liabilities totalling CN¥50.8b more than its cash and near-term receivables, combined.   This deficit casts a shadow over the CN¥10.3b company, like a colossus towering over mere mortals.   So we'd watch its balance sheet closely, without a doubt.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.    We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).   JinkoSolar Holding has a debt to EBITDA ratio of 3.8, which signals significant debt, but is still pretty reasonable for most types of business.  However, its interest coverage of 13.7 is very high, suggesting that the interest expense on the debt is currently quite low.        Notably, JinkoSolar Holding's EBIT launched higher than Elon Musk, gaining a whopping 1,072% on last year.      When analysing debt levels, the balance sheet is the obvious place to start.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.   Finally, a company can only pay off debt with cold hard cash, not accounting profits.   So it's worth checking how much of that EBIT is backed by free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.    Our View On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But at least it's pretty decent at covering its interest expense with its EBIT; that's encouraging.      Looking at the bigger picture, it seems clear to us that JinkoSolar Holding's use of debt is creating risks for the company.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    There's no doubt that we learn most about debt from the balance sheet.  However, not all investment risk resides within the balance sheet - far from it.   For instance, we've identified   4 warning signs for JinkoSolar Holding (2 are potentially serious)  you should be aware of.     Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today. Valuation is complex, but we're helping make it simple.Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268694302683304,"gmtCreate":1706630028690,"gmtModify":1706630029868,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268694302683304","repostId":"2407209378","repostType":4,"repost":{"id":"2407209378","pubTimestamp":1706582133,"share":"https://www.laohu8.com/m/news/2407209378?lang=&edition=full","pubTime":"2024-01-30 10:35","market":"us","language":"zh","title":"一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了","url":"https://stock-news.laohu8.com/highlight/detail?id=2407209378","media":"格隆汇","summary":"令人振奋的财报和业绩指引","content":"<p>科技股财报周已经拉开序幕。</p><p>周一美股盘后，<strong>“<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>核心朋友圈”的<a href=\"https://laohu8.com/S/SMCI\">超微电脑</a>公布了令人振奋的财报和业绩指引，双双大超华尔街预期</strong>。</p><p>在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。</p><p>事实上，<strong>超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。</strong></p><p>这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达累计涨幅约325%，AMD累计涨幅175%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8b6d5eabffa0ee2b03eee029d2a5669\" tg-width=\"780\" tg-height=\"519\"></p><p>近两年，随着AI掀起的一轮科技革命，背后的技术服务商们赚的盆满钵满。</p><p>作为人工智能、云、存储和 5G/边缘的整体 IT 解决方案提供商，同时也是英伟达的合作伙伴，超微电脑在AI圈火速“脱颖而出”。</p><p>财报显示，第二财季实现<strong>营收36.6亿美元</strong>，去年同期为18亿美元，而前一财季也只有21.2亿美元。</p><p><strong>净利润</strong>增至 2.96 亿美元，高于上一季度的1.57亿美元，同比增长 1.76 亿美元，几乎翻了一番。</p><p>第二财季调整后<strong>每股收益</strong>为5.59美元，去年同期3.26美元，分析师预期5.16美元；<strong>毛利率</strong>略有压缩至15.4%，前一季度为 16.7%，去年同期为 18.7%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bf74a17816484db49d1fe2bb7ca4193\" tg-width=\"1443\" tg-height=\"561\"></p><p>强劲的业绩也凸显了超微电脑不断扩大的市场份额，以及市场对先进服务器解决方案不断增长的需求。</p><p>展望下一季度，超微电脑<strong>预计第三财季营收为37亿美元至41亿美元</strong>，调整后每股收益为5.20美元至6.01美元。</p><p>这两项预测均远高于 FactSet 的共识，后者预计收入为 29 亿美元，调整后每股收益为 4.61 美元。</p><p>公司还<strong>上调了全年预测</strong>，指出其产品继续赢得市场份额。&nbsp;<strong>超微电脑预计整个财年的收入为143亿至147亿美元，</strong>而分析师此前的预期为138亿美元，此前公司预测收入为 100 亿至 110 亿美元。</p><p>首席执行官梁见后 (Charles Liang) 在一份新闻稿中表示：</p><blockquote><p>“我们在 2024 财年第二季度继续展示我们的市场领导地位，报告收入达到创纪录的 36.6亿美元，同比增长 103%。”</p></blockquote><blockquote><p>“虽然我们不断赢得新的合作伙伴，但我们当前的最终客户仍然需要更多美超微优化的人工智能计算机平台和机架级整体 IT 解决方案。”</p></blockquote><p>巨额盈利以及上调的业绩指引，也令市场开始振奋。</p><p>Constellation Research Inc. 的 Holger Mueller 表示，年收入已达数十亿美元的硬件供应商能够将销售额翻倍，这是极其罕见的事情。</p><blockquote><p>“这种增长背后的驱动力是人工智能，因为超微提供了一些最得益于与 Nvidia 的合作，我们为这些工作负载提供了可靠的计算平台。”</p></blockquote><p>不过Mueller 也表示，&nbsp;对投资者来说，好消息是这种趋势不太可能很快改变。然而，超微仍然需要在其业务的盈利方面下功夫，因为其成本不断上升，而每股收益却在下降。</p><p>gurufocus的分析师&nbsp;Khac Phu Nguyen指出，回顾历史估值图表，很明显市场对围绕超微计算机的看涨势头反应过度。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a8855f39ea91e50cf57681f60abcda1\" tg-width=\"771\" tg-height=\"579\"></p><p>他指出，不可否认，超微电脑以其显着的股价飙升和第二季度的乐观指引吸引了投资者的关注。然而，股市似乎对该公司的积极前景反应过度，如果该公司未能达到这些高预期，可能会给投资者带来更高的风险。</p>","source":"gelonghui_highlight","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>一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了</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一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 10:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.gelonghui.com/p/689823><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>科技股财报周已经拉开序幕。周一美股盘后，“英伟达核心朋友圈”的超微电脑公布了令人振奋的财报和业绩指引，双双大超华尔街预期。在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。事实上，超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达...</p>\n\n<a href=\"https://www.gelonghui.com/p/689823\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img3.gelonghui.com/f9e50-39412d89-0dda-4c28-93ae-fd726d2496f0.jpg?guru_height=583&guru_width=1000","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://www.gelonghui.com/p/689823","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2407209378","content_text":"科技股财报周已经拉开序幕。周一美股盘后，“英伟达核心朋友圈”的超微电脑公布了令人振奋的财报和业绩指引，双双大超华尔街预期。在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。事实上，超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达累计涨幅约325%，AMD累计涨幅175%。近两年，随着AI掀起的一轮科技革命，背后的技术服务商们赚的盆满钵满。作为人工智能、云、存储和 5G/边缘的整体 IT 解决方案提供商，同时也是英伟达的合作伙伴，超微电脑在AI圈火速“脱颖而出”。财报显示，第二财季实现营收36.6亿美元，去年同期为18亿美元，而前一财季也只有21.2亿美元。净利润增至 2.96 亿美元，高于上一季度的1.57亿美元，同比增长 1.76 亿美元，几乎翻了一番。第二财季调整后每股收益为5.59美元，去年同期3.26美元，分析师预期5.16美元；毛利率略有压缩至15.4%，前一季度为 16.7%，去年同期为 18.7%。强劲的业绩也凸显了超微电脑不断扩大的市场份额，以及市场对先进服务器解决方案不断增长的需求。展望下一季度，超微电脑预计第三财季营收为37亿美元至41亿美元，调整后每股收益为5.20美元至6.01美元。这两项预测均远高于 FactSet 的共识，后者预计收入为 29 亿美元，调整后每股收益为 4.61 美元。公司还上调了全年预测，指出其产品继续赢得市场份额。 超微电脑预计整个财年的收入为143亿至147亿美元，而分析师此前的预期为138亿美元，此前公司预测收入为 100 亿至 110 亿美元。首席执行官梁见后 (Charles Liang) 在一份新闻稿中表示：“我们在 2024 财年第二季度继续展示我们的市场领导地位，报告收入达到创纪录的 36.6亿美元，同比增长 103%。”“虽然我们不断赢得新的合作伙伴，但我们当前的最终客户仍然需要更多美超微优化的人工智能计算机平台和机架级整体 IT 解决方案。”巨额盈利以及上调的业绩指引，也令市场开始振奋。Constellation Research Inc. 的 Holger Mueller 表示，年收入已达数十亿美元的硬件供应商能够将销售额翻倍，这是极其罕见的事情。“这种增长背后的驱动力是人工智能，因为超微提供了一些最得益于与 Nvidia 的合作，我们为这些工作负载提供了可靠的计算平台。”不过Mueller 也表示， 对投资者来说，好消息是这种趋势不太可能很快改变。然而，超微仍然需要在其业务的盈利方面下功夫，因为其成本不断上升，而每股收益却在下降。gurufocus的分析师 Khac Phu Nguyen指出，回顾历史估值图表，很明显市场对围绕超微计算机的看涨势头反应过度。他指出，不可否认，超微电脑以其显着的股价飙升和第二季度的乐观指引吸引了投资者的关注。然而，股市似乎对该公司的积极前景反应过度，如果该公司未能达到这些高预期，可能会给投资者带来更高的风险。","news_type":1},"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268687068741720,"gmtCreate":1706628234391,"gmtModify":1706628236814,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268687068741720","repostId":"2407688243","repostType":2,"repost":{"id":"2407688243","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1706629491,"share":"https://www.laohu8.com/m/news/2407688243?lang=&edition=full","pubTime":"2024-01-30 23:44","market":"hk","language":"en","title":"US Stocks Edge Lower; Pfizer Reports Surprise Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=2407688243","media":"Benzinga","summary":"U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.","content":"<html><body><p>U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.</p>\n<p>Check This Out: <em> How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings </em></p>\n<h3><strong>Leading and Lagging Sectors</strong></h3>\n<p>Health care shares rose by 0.2% on Tuesday.</p>\n<p>In trading on Tuesday, energy shares fell by 1.1%.</p>\n<h3><strong>Top Headline</strong></h3>\n<p><strong>Pfizer Inc</strong> (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.</p>\n<p>The company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.</p>\n<h3><strong>Equities Trading UP</strong></h3>\n<p><strong>Agape ATP Corporation </strong> (NASDAQ:ATPC) shares shot up 86% to $0.9500.</p>\n<p>Shares of <strong> <a href=\"https://laohu8.com/S/AGFY\">Agrify</a> Corporation </strong> (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.</p>\n<p><strong>Sanmina Corporation </strong> (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</p>\n<h3><strong>Equities Trading DOWN</strong></h3>\n<p><strong>Sidus Space, Inc. </strong> (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.</p>\n<p>Shares of <strong> 60 Degrees Pharmaceuticals, Inc. </strong> (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.</p>\n<p><strong>Nyxoah S.A. </strong> (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.</p>\n<p>Also Check This Out:<em> Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'</em></p>\n<h3><strong>Commodities</strong></h3>\n<p>In commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.</p>\n<p>Silver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.</p>\n<h3><strong>Euro zone</strong></h3>\n<p>European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.</p>\n<p>The Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.</p>\n<p>Italy’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.</p>\n<h3><strong>Asia Pacific Markets</strong></h3>\n<p>Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&amp;P BSE Sensex, meanwhile, fell 1.11%.</p>\n<p>Japanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.</p>\n<h3><strong>Economics</strong></h3>\n<p>The S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.</p>\n<p>The FHFA house price index rose by 0.3% from the prior month in November.</p>\n<p>Now Read This: <em> Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday</em></p>\n</body></html>","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>US Stocks Edge Lower; Pfizer Reports Surprise Profit</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\">\nUS Stocks Edge Lower; Pfizer Reports Surprise Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-01-30 23:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.</p>\n<p>Check This Out: <em> How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings </em></p>\n<h3><strong>Leading and Lagging Sectors</strong></h3>\n<p>Health care shares rose by 0.2% on Tuesday.</p>\n<p>In trading on Tuesday, energy shares fell by 1.1%.</p>\n<h3><strong>Top Headline</strong></h3>\n<p><strong>Pfizer Inc</strong> (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.</p>\n<p>The company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.</p>\n<h3><strong>Equities Trading UP</strong></h3>\n<p><strong>Agape ATP Corporation </strong> (NASDAQ:ATPC) shares shot up 86% to $0.9500.</p>\n<p>Shares of <strong> <a href=\"https://laohu8.com/S/AGFY\">Agrify</a> Corporation </strong> (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.</p>\n<p><strong>Sanmina Corporation </strong> (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</p>\n<h3><strong>Equities Trading DOWN</strong></h3>\n<p><strong>Sidus Space, Inc. </strong> (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.</p>\n<p>Shares of <strong> 60 Degrees Pharmaceuticals, Inc. </strong> (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.</p>\n<p><strong>Nyxoah S.A. </strong> (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.</p>\n<p>Also Check This Out:<em> Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'</em></p>\n<h3><strong>Commodities</strong></h3>\n<p>In commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.</p>\n<p>Silver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.</p>\n<h3><strong>Euro zone</strong></h3>\n<p>European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.</p>\n<p>The Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.</p>\n<p>Italy’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.</p>\n<h3><strong>Asia Pacific Markets</strong></h3>\n<p>Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&amp;P BSE Sensex, meanwhile, fell 1.11%.</p>\n<p>Japanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.</p>\n<h3><strong>Economics</strong></h3>\n<p>The S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.</p>\n<p>The FHFA house price index rose by 0.3% from the prior month in November.</p>\n<p>Now Read This: <em> Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday</em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","SANM":"新美亚电子","BK4007":"制药","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","PFE":"辉瑞","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","QQQ":"纳指100ETF","ATPC":"Agape ATP Corp.","TQQQ":"纳指三倍做多ETF","SG9999002232.USD":"Allianz Global High Payout USD","BK4082":"医疗保健设备","BK4152":"农用农业机械","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0058720904.USD":"联博国际健康护理基金A","NYXH":"Nyxoah SA","SG9999002224.SGD":"Allianz Global High Payout SGD","BK4550":"红杉资本持仓","SQQQ":"纳指三倍做空ETF","BK4568":"美国抗疫概念","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","SXTP":"60 degrees pharmaceuticals, Inc.","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","PSQ":"纳指反向ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0122379950.USD":"贝莱德世界健康科学A2","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4581":"高盛持仓","SIDU":"Sidus Space Inc.","QID":"纳指两倍做空ETF","AGFY":"Agrify","SG9999001176.USD":"United Global Healthcare Acc USD","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4175":"保健护理产品经销商","SG9999013999.USD":"UOB UNITED GLOBAL HEALTHCARE FUND (USDHDG) INC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999001176.SGD":"UOB UNITED GLOBAL HEALTHCARE \"SGD\" (ACC)","SGXZ57979304.SGD":"United Global Healthcare A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","BK4187":"航天航空与国防","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","QLD":"纳指两倍做多ETF","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC"},"source_url":"https://www.benzinga.com/news/earnings/24/01/36846621/us-stocks-edge-lower-pfizer-reports-surprise-profit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2407688243","content_text":"U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&P 500 also fell, dropping, 0.03% to 4,926.32.\nCheck This Out:  How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings \nLeading and Lagging Sectors\nHealth care shares rose by 0.2% on Tuesday.\nIn trading on Tuesday, energy shares fell by 1.1%.\nTop Headline\nPfizer Inc (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.\nThe company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.\nEquities Trading UP\nAgape ATP Corporation  (NASDAQ:ATPC) shares shot up 86% to $0.9500.\nShares of  Agrify Corporation  (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.\nSanmina Corporation  (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.\nEquities Trading DOWN\nSidus Space, Inc.  (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.\nShares of  60 Degrees Pharmaceuticals, Inc.  (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.\nNyxoah S.A.  (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.\nAlso Check This Out: Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'\nCommodities\nIn commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.\nSilver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.\nThe Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.\nItaly’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.\nAsia Pacific Markets\nAsian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&P BSE Sensex, meanwhile, fell 1.11%.\nJapanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.\nEconomics\nThe S&P CoreLogic Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.\nThe FHFA house price index rose by 0.3% from the prior month in November.\nNow Read This:  Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268628518719680,"gmtCreate":1706592030235,"gmtModify":1706592031802,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268628518719680","repostId":"268538556522552","repostType":1,"repost":{"id":268538556522552,"gmtCreate":1706579803106,"gmtModify":1706666419367,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"🚀【1月30日】特斯拉收盘涨幅超4%，“木头姐”持续加仓，你上车了吗？","htmlText":"美股收盘 | 美财政部一纸公告，美股尾盘直线拉升！微软、谷歌创历史新高隔夜，突然被美国财政部的一纸公告打了一针鸡血，美股三大指数尾盘集体拉涨，最终标普、道指续刷历史新高，纳指也朝着2021年底的前高又迈进了1%。截至收盘，标普500指数涨0.76%，报4927.93点；纳斯达克指数涨1.12%，报15628.04点；道琼斯工业指数涨0.59%，报38333.45点。FAANMG六大科技股中，周二盘后将公布财报的微软和谷歌母公司Alphabet盘中表现不一，但都收涨， <a href=\"https://laohu8.com/S/MSFT\">$微软(MSFT)$</a> 全天保持涨势收涨1.4%，刷新上周四所创的收盘历史新高， <a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$</a> 午盘转涨，收涨近0.7%，连续四个交易日所创的收盘历史高位； <a href=\"https://laohu8.com/S/META\">$Meta Platforms(META)$</a> 收涨近1.8%，连续五个交易日创收盘历史新高；<a href=\"https://laohu8.com/S/NFLX\">奈飞</a>早盘曾跌超1%，收涨0.9%，连涨四日、继续刷新两年高位； <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 收涨1.3%，连涨五个交易日、继续刷新2022年4月以来收盘高位；而<a href=\"https://laohu8.com/S/AAPL\">苹果</a>早盘曾跌超1%，收跌近0.4%，连跌四个交易日至1月18日以来收盘低位。芯片股总体盘中转涨，费城半导体指数和半导体行业ETF SOXX午盘转涨，收涨略超过1%，走出连跌两日刷新的1月18日以来收盘低位。纳斯达克中国金龙指数跌1.03","listText":"美股收盘 | 美财政部一纸公告，美股尾盘直线拉升！微软、谷歌创历史新高隔夜，突然被美国财政部的一纸公告打了一针鸡血，美股三大指数尾盘集体拉涨，最终标普、道指续刷历史新高，纳指也朝着2021年底的前高又迈进了1%。截至收盘，标普500指数涨0.76%，报4927.93点；纳斯达克指数涨1.12%，报15628.04点；道琼斯工业指数涨0.59%，报38333.45点。FAANMG六大科技股中，周二盘后将公布财报的微软和谷歌母公司Alphabet盘中表现不一，但都收涨， <a href=\"https://laohu8.com/S/MSFT\">$微软(MSFT)$</a> 全天保持涨势收涨1.4%，刷新上周四所创的收盘历史新高， <a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$</a> 午盘转涨，收涨近0.7%，连续四个交易日所创的收盘历史高位； <a href=\"https://laohu8.com/S/META\">$Meta Platforms(META)$</a> 收涨近1.8%，连续五个交易日创收盘历史新高；<a href=\"https://laohu8.com/S/NFLX\">奈飞</a>早盘曾跌超1%，收涨0.9%，连涨四日、继续刷新两年高位； <a href=\"https://laohu8.com/S/AMZN\">$亚马逊(AMZN)$</a> 收涨1.3%，连涨五个交易日、继续刷新2022年4月以来收盘高位；而<a href=\"https://laohu8.com/S/AAPL\">苹果</a>早盘曾跌超1%，收跌近0.4%，连跌四个交易日至1月18日以来收盘低位。芯片股总体盘中转涨，费城半导体指数和半导体行业ETF SOXX午盘转涨，收涨略超过1%，走出连跌两日刷新的1月18日以来收盘低位。纳斯达克中国金龙指数跌1.03","text":"美股收盘 | 美财政部一纸公告，美股尾盘直线拉升！微软、谷歌创历史新高隔夜，突然被美国财政部的一纸公告打了一针鸡血，美股三大指数尾盘集体拉涨，最终标普、道指续刷历史新高，纳指也朝着2021年底的前高又迈进了1%。截至收盘，标普500指数涨0.76%，报4927.93点；纳斯达克指数涨1.12%，报15628.04点；道琼斯工业指数涨0.59%，报38333.45点。FAANMG六大科技股中，周二盘后将公布财报的微软和谷歌母公司Alphabet盘中表现不一，但都收涨， $微软(MSFT)$ 全天保持涨势收涨1.4%，刷新上周四所创的收盘历史新高， $谷歌(GOOG)$ 午盘转涨，收涨近0.7%，连续四个交易日所创的收盘历史高位； $Meta Platforms(META)$ 收涨近1.8%，连续五个交易日创收盘历史新高；奈飞早盘曾跌超1%，收涨0.9%，连涨四日、继续刷新两年高位； $亚马逊(AMZN)$ 收涨1.3%，连涨五个交易日、继续刷新2022年4月以来收盘高位；而苹果早盘曾跌超1%，收跌近0.4%，连跌四个交易日至1月18日以来收盘低位。芯片股总体盘中转涨，费城半导体指数和半导体行业ETF SOXX午盘转涨，收涨略超过1%，走出连跌两日刷新的1月18日以来收盘低位。纳斯达克中国金龙指数跌1.03","images":[{"img":"https://static.tigerbbs.com/abf2bed536ff18b9382add05fb80c904","width":"1080","height":"1920"},{"img":"https://static.tigerbbs.com/b8b569362b96b305a9c6a603d27d8526","width":"1176","height":"2753"},{"img":"https://static.tigerbbs.com/4d7da388220bfad782f62f7c19103ddd"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268538556522552","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":863,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268361727570184,"gmtCreate":1706540819558,"gmtModify":1706540820589,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/JKS\">$晶科能源(JKS)$ </a> 光伏看来确实是周期股，下行不可逆转","listText":"<a href=\"https://laohu8.com/S/JKS\">$晶科能源(JKS)$ </a> 光伏看来确实是周期股，下行不可逆转","text":"$晶科能源(JKS)$ 光伏看来确实是周期股，下行不可逆转","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268361727570184","isVote":1,"tweetType":1,"viewCount":2492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268171805970480,"gmtCreate":1706496047616,"gmtModify":1706496048852,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268171805970480","repostId":"2406238487","repostType":2,"repost":{"id":"2406238487","pubTimestamp":1706150653,"share":"https://www.laohu8.com/m/news/2406238487?lang=&edition=full","pubTime":"2024-01-25 10:44","market":"sh","language":"zh","title":"贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=2406238487","media":"智通财经网","summary":"近日，全球知名投资机构贝莱德宣布同意向阿特斯太阳能旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。贝莱德发布的声明，集团的一只基金正在购买阿特斯太阳能旗下公用事业规模太阳能和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。","content":"<html><body><article><p>近日，全球知名投资机构<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>宣布同意向<a href=\"https://laohu8.com/S/CSIQ\">阿特斯太阳能</a>(CSIQ.US)旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。</p><p>据悉，贝莱德集团(BlackRock)是全球规模最大的资产管理集团之一，成立于1988年，总部位于美国纽约，截至2022年末，贝莱德整体管理规模为8.59万亿美元。</p><p>贝莱德发布的声明，集团的一只基金正在购买<a href=\"https://laohu8.com/S/688472\">阿特斯</a>太阳能旗下公用事业规模<a href=\"https://laohu8.com/S/000591\">太阳能</a>和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。阿特斯太阳能将继续拥有该业务的多数股权。</p><p>新资金将帮助Recurrent Energy扩大其项目开发渠道，并转型为美国和欧洲等市场<span>资产</span>的开发商、长期所有者和运营商。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。</p><p>这笔交易符合贝莱德在快速增长的另类资产市场上占有一席之地的雄心。本月，该公司同意以约125亿美元的价格收购Global Infrastructure Partners。</p><p>根据声明，截至去年9月底，Recurrent Energy的太阳能开发管道为26 GW，储能容量为55 GWh。贝莱德的投资将不包括Recurrent Energy在日本和中国的项目开发业务，以及在拉丁美洲的一些资产。</p><p>阿特斯太阳能成立于2001年，其网站显示，该公司在30多个国家开展业务，拥有2万名员工。该公司持有阿特斯的多数股权，后者业务涉及太阳能组件和电池存储制造。</p><p>美国银行和<a href=\"https://laohu8.com/S/SAN\">桑坦德银行</a>就这笔交易为阿特斯太阳能提供咨询。</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>贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元</title>\n<style 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}\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贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-25 10:44 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012511160487e1fa88&s=b><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，全球知名投资机构贝莱德宣布同意向阿特斯太阳能(CSIQ.US)旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。据悉，贝莱德集团(BlackRock)是全球规模最大的资产管理集团之一，成立于1988年，总部位于美国纽约，截至2022年末，贝莱德整体管理规模为8.59万亿美元。贝莱德发布的声明，集团的一只基金正在购买阿特斯太阳能旗下公用事业规模太阳能和储能项目开发商...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012511160487e1fa88&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688472":"阿特斯","BK0224":"电气机械"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012511160487e1fa88&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2406238487","content_text":"近日，全球知名投资机构贝莱德宣布同意向阿特斯太阳能(CSIQ.US)旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。据悉，贝莱德集团(BlackRock)是全球规模最大的资产管理集团之一，成立于1988年，总部位于美国纽约，截至2022年末，贝莱德整体管理规模为8.59万亿美元。贝莱德发布的声明，集团的一只基金正在购买阿特斯太阳能旗下公用事业规模太阳能和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。阿特斯太阳能将继续拥有该业务的多数股权。新资金将帮助Recurrent Energy扩大其项目开发渠道，并转型为美国和欧洲等市场资产的开发商、长期所有者和运营商。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。这笔交易符合贝莱德在快速增长的另类资产市场上占有一席之地的雄心。本月，该公司同意以约125亿美元的价格收购Global Infrastructure Partners。根据声明，截至去年9月底，Recurrent Energy的太阳能开发管道为26 GW，储能容量为55 GWh。贝莱德的投资将不包括Recurrent Energy在日本和中国的项目开发业务，以及在拉丁美洲的一些资产。阿特斯太阳能成立于2001年，其网站显示，该公司在30多个国家开展业务，拥有2万名员工。该公司持有阿特斯的多数股权，后者业务涉及太阳能组件和电池存储制造。美国银行和桑坦德银行就这笔交易为阿特斯太阳能提供咨询。","news_type":1},"isVote":1,"tweetType":1,"viewCount":508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268171164889192,"gmtCreate":1706495985125,"gmtModify":1706495986560,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268171164889192","repostId":"2407054040","repostType":2,"repost":{"id":"2407054040","pubTimestamp":1706494339,"share":"https://www.laohu8.com/m/news/2407054040?lang=&edition=full","pubTime":"2024-01-29 10:12","market":"sh","language":"zh","title":"晶科能源获东吴证券买入评级，组件出货放量高增，竞争加剧盈利下滑","url":"https://stock-news.laohu8.com/highlight/detail?id=2407054040","media":"金融界","summary":"1月29日，晶科能源获东吴证券买入评级，近一个月晶科能源获得1份研报关注。研报预计公司2023年归母净利72.5-79.5亿元，同增147-170%；扣非净利65.6~72.5亿元，同增148~174%，其中Q4归母净利8.96-15.96亿元，同比-29~27%，环比-64~-36%，中值12.46亿元；扣非净利5.03-12.03亿元，同比-48~24%，环比-80~-52%，业绩符合预期。公司2023年组件出货约78GW，同增约75%；其中Q4出货约26GW，同增63%/环增约23%，我们测算单瓦净利约5分，受Q4组件大幅降价影响，环降约7分。","content":"<html><body><article><p>1月29日，<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>获<a href=\"https://laohu8.com/S/601555\">东吴证券</a>买入评级，近一个月<a href=\"https://laohu8.com/S/688223\">晶科能源</a>获得1份研报关注。</p><p>研报预计公司2023年归母净利72.5-79.5亿元，同增147-170%；扣非净利65.6~72.5亿元，同增148~174%，其中Q4归母净利8.96-15.96亿元，同比-29~27%，环比-64~-36%，中值12.46亿元；扣非净利5.03-12.03亿元，同比-48~24%，环比-80~-52%，业绩符合预期。公司2023年组件<span>出货</span>约78GW，同增约75%；其中Q4出货约26GW，同增63%/环增约23%，我们测算单瓦净利约5分，受Q4组件大幅降价影响，环降约7分。研报认为，公司2023年底硅片/电池/组件产能85/90/110GW，N型电池70GW+，海外一体化产能12GW+。公司规划山西56GW一体化大基地扩产，一二期各14GW公司预计2024Q1/Q2投产，三四期公司预计2025年建成投产；一体化协同进一步降本。TOPCon2023年底量产效率达25.8%-25.9%，2024年进一步导入LECO/Poly改性等技术提效至26.5%，技术迭代持续维持龙头优势。</p><p>风险提示：竞争加剧，政策不及预期等。</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>晶科能源获东吴证券买入评级，组件出货放量高增，竞争加剧盈利下滑</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晶科能源获东吴证券买入评级，组件出货放量高增，竞争加剧盈利下滑\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-29 10:12 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012910122487577c3d&s=b><strong>金融界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1月29日，晶科能源获东吴证券买入评级，近一个月晶科能源获得1份研报关注。研报预计公司2023年归母净利72.5-79.5亿元，同增147-170%；扣非净利65.6~72.5亿元，同增148~174%，其中Q4归母净利8.96-15.96亿元，同比-29~27%，环比-64~-36%，中值12.46亿元；扣非净利5.03-12.03亿元，同比-48~24%，环比-80~-52%，业绩符合预期。...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012910122487577c3d&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688223":"晶科能源","JKS":"晶科能源"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012910122487577c3d&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2407054040","content_text":"1月29日，晶科能源获东吴证券买入评级，近一个月晶科能源获得1份研报关注。研报预计公司2023年归母净利72.5-79.5亿元，同增147-170%；扣非净利65.6~72.5亿元，同增148~174%，其中Q4归母净利8.96-15.96亿元，同比-29~27%，环比-64~-36%，中值12.46亿元；扣非净利5.03-12.03亿元，同比-48~24%，环比-80~-52%，业绩符合预期。公司2023年组件出货约78GW，同增约75%；其中Q4出货约26GW，同增63%/环增约23%，我们测算单瓦净利约5分，受Q4组件大幅降价影响，环降约7分。研报认为，公司2023年底硅片/电池/组件产能85/90/110GW，N型电池70GW+，海外一体化产能12GW+。公司规划山西56GW一体化大基地扩产，一二期各14GW公司预计2024Q1/Q2投产，三四期公司预计2025年建成投产；一体化协同进一步降本。TOPCon2023年底量产效率达25.8%-25.9%，2024年进一步导入LECO/Poly改性等技术提效至26.5%，技术迭代持续维持龙头优势。风险提示：竞争加剧，政策不及预期等。","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268024589471896,"gmtCreate":1706460246811,"gmtModify":1706460248151,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268024589471896","repostId":"266494348161064","repostType":1,"repost":{"id":266494348161064,"gmtCreate":1706094145764,"gmtModify":1706094294888,"author":{"id":"3574917796328560","authorId":"3574917796328560","name":"钛媒体APP","avatar":"https://static.tigerbbs.com/a30e6edce861fd1d3d0c1268a2d83b40","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"2023年光伏组件出货量TOP10出炉，晶科反超隆基重回榜首","htmlText":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","listText":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","text":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","images":[{"img":"https://static.tigerbbs.com/fcbfabf855494798a520d4355b1d9285"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/266494348161064","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267813747581192,"gmtCreate":1706408685666,"gmtModify":1706408687160,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267813747581192","repostId":"2360378201","repostType":2,"repost":{"id":"2360378201","pubTimestamp":1692338626,"share":"https://www.laohu8.com/m/news/2360378201?lang=&edition=full","pubTime":"2023-08-18 14:03","market":"sh","language":"zh","title":"研报掘金丨国盛证券：晶科能源上半年组件销量领跑行业，维持“增持”评级","url":"https://stock-news.laohu8.com/highlight/detail?id=2360378201","media":"格隆汇资讯","summary":"国盛证券17日研报指出，晶科能源2023H1组件销量领跑行业，积极布局海外新型市场，进一步拓展包括东南亚工厂在内的全球一体化供应链。公司作为N型TOPCon技术的行业领军者，目前拥有全球最大的N型产能，效率及成本较同业拥有明显的先发优势。2023年开始光伏原材料供需瓶颈打开，价格持续下探，受此影响组件价格传导进入下行通道，在组件售价及成本双降的基础上，调整了公司2023-2025年实际归母净利润至77.01/92.00/114.42亿元，对应PE估值为13.6x/11.4x/9.1x，维持“增持”评级。","content":"<html><body><article><p>国盛证券17日研报指出，<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>(688223.SH)2023H1组件销量领跑行业，积极布局海外新型市场，进一步拓展包括东南亚工厂在内的全球一体化供应链。公司作为N型TOPCon技术的行业领军者，目前拥有全球最大的N型产能，效率及成本较同业拥有明显的先发优势。</p><p>公司已与山西综改区签订项目投资协议，规划建设年产56GW垂直一体化大基地项目，这将是全球首个包含硅片、电池、组件的“超级一体化”<a href=\"https://laohu8.com/S/000591\">太阳能</a>工厂，也是目前已规划行业最大的N型一体化生产基地。</p><p>2023年开始光伏原材料供需瓶颈打开，价格持续下探，受此影响组件价格传导进入下行通道，在组件售价及成本双降的基础上，调整了公司2023-2025年实际归母<span>净利润</span>至77.01/92.00/114.42亿元，对应PE估值为13.6x/11.4x/9.1x，维持“增持”评级。</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>研报掘金丨国盛证券：晶科能源上半年组件销量领跑行业，维持“增持”评级</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研报掘金丨国盛证券：晶科能源上半年组件销量领跑行业，维持“增持”评级\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-18 14:03 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023081814035381f49e3f&s=b><strong>格隆汇资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>国盛证券17日研报指出，晶科能源(688223.SH)2023H1组件销量领跑行业，积极布局海外新型市场，进一步拓展包括东南亚工厂在内的全球一体化供应链。公司作为N型TOPCon技术的行业领军者，目前拥有全球最大的N型产能，效率及成本较同业拥有明显的先发优势。公司已与山西综改区签订项目投资协议，规划建设年产56GW垂直一体化大基地项目，这将是全球首个包含硅片、电池、组件的“超级一体化”太阳能工厂，...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023081814035381f49e3f&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688223":"晶科能源"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023081814035381f49e3f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2360378201","content_text":"国盛证券17日研报指出，晶科能源(688223.SH)2023H1组件销量领跑行业，积极布局海外新型市场，进一步拓展包括东南亚工厂在内的全球一体化供应链。公司作为N型TOPCon技术的行业领军者，目前拥有全球最大的N型产能，效率及成本较同业拥有明显的先发优势。公司已与山西综改区签订项目投资协议，规划建设年产56GW垂直一体化大基地项目，这将是全球首个包含硅片、电池、组件的“超级一体化”太阳能工厂，也是目前已规划行业最大的N型一体化生产基地。2023年开始光伏原材料供需瓶颈打开，价格持续下探，受此影响组件价格传导进入下行通道，在组件售价及成本双降的基础上，调整了公司2023-2025年实际归母净利润至77.01/92.00/114.42亿元，对应PE估值为13.6x/11.4x/9.1x，维持“增持”评级。","news_type":1},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267811970752640,"gmtCreate":1706408320910,"gmtModify":1706408322047,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267811970752640","repostId":"2380910264","repostType":2,"repost":{"id":"2380910264","pubTimestamp":1698980164,"share":"https://www.laohu8.com/m/news/2380910264?lang=&edition=full","pubTime":"2023-11-03 10:56","market":"sh","language":"zh","title":"晶科能源获信达证券买入评级，预测2023年营收为994.21亿元","url":"https://stock-news.laohu8.com/highlight/detail?id=2380910264","media":"金融界","summary":"11月2日，晶科能源获信达证券买入评级，近一个月晶科能源获得5份研报关注。研报预计公司2023-2025年营收分别是994.21、1064.50、1274.74亿元，同比增长20.3%、7.1%、19.7%，归母净利润分别是80.20、101.49、120.10亿元，同比增长173.1%、26.6%和18.3%。2023年1-9月，公司实现总出货量55.7GW，其中组件出货量为52.2GW，硅片和电池片出货量为3.5GW，总出货量较去年同期增长86.91%。截至2023Q3，公司已投产的N型TOPCon电池产能超过55GW，大规模量产平均效率达25.6%。","content":"<html><body><article><p>11月2日，<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>获<a href=\"https://laohu8.com/S/601059\">信达证券</a>买入评级，近一个月<a href=\"https://laohu8.com/S/688223\">晶科能源</a>获得5份研报关注。</p><p>研报预计公司2023-2025年营收分别是994.21、1064.50、1274.74亿元，同比增长20.3%、7.1%、19.7%，归母<span>净利润</span>分别是80.20、101.49、120.10亿元，同比增长173.1%、26.6%和18.3%。研报认为，N型产品持续放量，有望超额完成<span>出货</span>目标。2023年1-9月，公司实现总出货量55.7GW，其中组件出货量为52.2GW，硅片和电池片出货量为3.5GW，总出货量较去年同期增长86.91%。截至2023Q3，公司已投产的N型TOPCon电池产能超过55GW，大规模量产平均效率达25.6%。目前在手订单饱满的背景下，公司预计第四季度组件出货量为23GW左右，同时N型占比进一步提升，公司有信心超额完成全年70-75GW的组件出货目标。</p><p>风险提示：光伏需求不及预期、N型组件渗透率不及预期风险、投产进度不及预期风险等。</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>晶科能源获信达证券买入评级，预测2023年营收为994.21亿元</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晶科能源获信达证券买入评级，预测2023年营收为994.21亿元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-03 10:56 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023110310582683e30714&s=b><strong>金融界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>11月2日，晶科能源获信达证券买入评级，近一个月晶科能源获得5份研报关注。研报预计公司2023-2025年营收分别是994.21、1064.50、1274.74亿元，同比增长20.3%、7.1%、19.7%，归母净利润分别是80.20、101.49、120.10亿元，同比增长173.1%、26.6%和18.3%。研报认为，N型产品持续放量，有望超额完成出货目标。2023年1-9月，公司实现总出货量...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023110310582683e30714&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688223":"晶科能源","JKS":"晶科能源"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023110310582683e30714&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2380910264","content_text":"11月2日，晶科能源获信达证券买入评级，近一个月晶科能源获得5份研报关注。研报预计公司2023-2025年营收分别是994.21、1064.50、1274.74亿元，同比增长20.3%、7.1%、19.7%，归母净利润分别是80.20、101.49、120.10亿元，同比增长173.1%、26.6%和18.3%。研报认为，N型产品持续放量，有望超额完成出货目标。2023年1-9月，公司实现总出货量55.7GW，其中组件出货量为52.2GW，硅片和电池片出货量为3.5GW，总出货量较去年同期增长86.91%。截至2023Q3，公司已投产的N型TOPCon电池产能超过55GW，大规模量产平均效率达25.6%。目前在手订单饱满的背景下，公司预计第四季度组件出货量为23GW左右，同时N型占比进一步提升，公司有信心超额完成全年70-75GW的组件出货目标。风险提示：光伏需求不及预期、N型组件渗透率不及预期风险、投产进度不及预期风险等。","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267812033310784,"gmtCreate":1706408212664,"gmtModify":1706408213769,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267812033310784","repostId":"2394577362","repostType":2,"repost":{"id":"2394577362","pubTimestamp":1703501060,"share":"https://www.laohu8.com/m/news/2394577362?lang=&edition=full","pubTime":"2023-12-25 18:44","market":"sh","language":"zh","title":"MSCI上调晶科能源ESG评级至\"BBB\"，跃升主流光伏企业领先水平","url":"https://stock-news.laohu8.com/highlight/detail?id=2394577362","media":"时代周报","summary":"近日，国际权威指数机构摩根士丹利资本国际公司公布2023年度环境、社会及管治评级结果，晶科能源最新年度ESG评级跃升两级为\"BBB\"级，成为国内首家在一年内实现评级跨越性提升两级的光伏公司，也是当前主流光伏企业MSCI的最高成绩。在公司行为方面晶科能源严格执行违规行为监察工作，设立违规违纪监督委员会，通过内外部举报监督维护公司长治久安。","content":"<html><body><article><p>近日，国际权威指数机构<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>资本国际公司（中文简称“明晟”，英文简称“MSCI”）公布2023年度环境、社会及管治（英文简称“ESG”）评级结果，<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>（688223.SH）最新年度ESG评级跃升两级为\"BBB\"级，成为国内首家在一年内实现评级跨越性提升两级的光伏公司，也是当前主流光伏企业MSCI的最高成绩。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20231225184434472v1632ty37zme56p\"/><p><a href=\"https://laohu8.com/S/688223\">晶科能源</a>秉承“改变能源结构 承担未来责任”的使命，以一系列举措不断提升企业可持续发展综合能力。MSCI评分报告显示，晶科能源在清洁技术机遇（Opportunities in Clean Tech）、公司治理（Corporate Governance）、公司行为（Corporate Behavior）三个维度明显领先行业。</p><p><strong>在清洁技术机遇方面</strong></p><p>公司对各项先进晶硅、电池、组件技术都实现了技术、专利、市场(国家)三个维度的立体布局。在权威知识产权第三方机构IPRdaily发布的全球<a href=\"https://laohu8.com/S/000591\">太阳能</a>电池片专利排行榜（TOP30）中，晶科能源凭借卓越的技术创新力荣登榜单，且在专利申请量及有效专利授权量榜单中均位居中国企业第一。与此同时，晶科能源已先后25次打破光伏电池效率和组件功率的世界记录，推动发电成本持续降低，进而推动太阳能继续向着普惠和可负担的方向发展。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20231225184437681v163zmr4awz8v58\"/><p><strong>在公司治理方面</strong></p><p>公司参照TCFD（气候相关财务披露）逻辑，从治理、策略、风险管理及指标与目标四方面构建ESG管理方略，构建自上而下的ESG管理体系，同时引入国际主流ESG标准体系，将可持续视野系统贯穿至业务模式、风险管理以及决策流程。2023年，晶科能源在北京国际可持续大会上获授“ISSB国际可持续披露准则先学伙伴”证书。此外，公司遵循公开透明的信息披露原则，在上交所首次针对科创板企业的年度信披工作评价中，获得A级最高评价。</p><p><strong>在公司行为方面</strong></p><p>晶科能源严格执行违规行为监察工作，设立违规违纪监督委员会，通过内外部举报监督维护公司长治久安。同时，公司坚持诚实守信、合规经营的理念，努力营造廉洁合规文化氛围。公司监察部与反舞弊联盟进行常态化沟通，获取合规最新进展与行业优秀行动。此外，通过开展覆盖各层级各职能的廉洁培训，晶科能源不断强化关键岗位员工责任、道德意识。</p><p>除了上述领先的维度外，晶科能源还以实际行动推动全球碳减排，展现了中国光伏龙头企业在应对全球气候变化方面的行动力。早在2019年，晶科能源就宣布加入RE100绿色倡议，成为全球率先加入RE100的太阳能企业，并承诺到2028年实现100%使用可再生能源。2021年11月，晶科能源加入科学碳目标倡议（SBTi），承诺在2050年前实现价值链温室气体“净零排放”。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20231225184440103v163r203pr5zdvb\"/><p>除MSCI的ESG评级提升外，公司自上市以来ESG工作也荣获多项相关机构颁发的“高分成绩单”，如中国上市公司协会ESG最佳实践案例、联合国全球契约中国网络颁发的“实现可持续发展目标最佳企业实践”、安永可持续发展年度最佳奖项“杰出企业”，中国证券报ESG百强企业、新浪财经“金责奖”，财经杂志“长青奖”等众多ESG相关奖项。</p><p>注：公开资料显示，MSCI ESG评级覆盖全球范围内超过16,400家发行人，在年度评级中能够保持往年评级结果的约占60%，能够获得评级提升一级的仅占20%，能够实现评级两级跃升的公司不足1%。</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>MSCI上调晶科能源ESG评级至\"BBB\"，跃升主流光伏企业领先水平</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{ 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}\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\">\nMSCI上调晶科能源ESG评级至\"BBB\"，跃升主流光伏企业领先水平\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-25 18:44 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023122518444287704b30&s=b><strong>时代周报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，国际权威指数机构摩根士丹利资本国际公司（中文简称“明晟”，英文简称“MSCI”）公布2023年度环境、社会及管治（英文简称“ESG”）评级结果，晶科能源（688223.SH）最新年度ESG评级跃升两级为\"BBB\"级，成为国内首家在一年内实现评级跨越性提升两级的光伏公司，也是当前主流光伏企业MSCI的最高成绩。晶科能源秉承“改变能源结构 承担未来责任”的使命，以一系列举措不断提升企业可持续发展...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023122518444287704b30&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688223":"晶科能源"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2023122518444287704b30&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2394577362","content_text":"近日，国际权威指数机构摩根士丹利资本国际公司（中文简称“明晟”，英文简称“MSCI”）公布2023年度环境、社会及管治（英文简称“ESG”）评级结果，晶科能源（688223.SH）最新年度ESG评级跃升两级为\"BBB\"级，成为国内首家在一年内实现评级跨越性提升两级的光伏公司，也是当前主流光伏企业MSCI的最高成绩。晶科能源秉承“改变能源结构 承担未来责任”的使命，以一系列举措不断提升企业可持续发展综合能力。MSCI评分报告显示，晶科能源在清洁技术机遇（Opportunities in Clean Tech）、公司治理（Corporate Governance）、公司行为（Corporate Behavior）三个维度明显领先行业。在清洁技术机遇方面公司对各项先进晶硅、电池、组件技术都实现了技术、专利、市场(国家)三个维度的立体布局。在权威知识产权第三方机构IPRdaily发布的全球太阳能电池片专利排行榜（TOP30）中，晶科能源凭借卓越的技术创新力荣登榜单，且在专利申请量及有效专利授权量榜单中均位居中国企业第一。与此同时，晶科能源已先后25次打破光伏电池效率和组件功率的世界记录，推动发电成本持续降低，进而推动太阳能继续向着普惠和可负担的方向发展。在公司治理方面公司参照TCFD（气候相关财务披露）逻辑，从治理、策略、风险管理及指标与目标四方面构建ESG管理方略，构建自上而下的ESG管理体系，同时引入国际主流ESG标准体系，将可持续视野系统贯穿至业务模式、风险管理以及决策流程。2023年，晶科能源在北京国际可持续大会上获授“ISSB国际可持续披露准则先学伙伴”证书。此外，公司遵循公开透明的信息披露原则，在上交所首次针对科创板企业的年度信披工作评价中，获得A级最高评价。在公司行为方面晶科能源严格执行违规行为监察工作，设立违规违纪监督委员会，通过内外部举报监督维护公司长治久安。同时，公司坚持诚实守信、合规经营的理念，努力营造廉洁合规文化氛围。公司监察部与反舞弊联盟进行常态化沟通，获取合规最新进展与行业优秀行动。此外，通过开展覆盖各层级各职能的廉洁培训，晶科能源不断强化关键岗位员工责任、道德意识。除了上述领先的维度外，晶科能源还以实际行动推动全球碳减排，展现了中国光伏龙头企业在应对全球气候变化方面的行动力。早在2019年，晶科能源就宣布加入RE100绿色倡议，成为全球率先加入RE100的太阳能企业，并承诺到2028年实现100%使用可再生能源。2021年11月，晶科能源加入科学碳目标倡议（SBTi），承诺在2050年前实现价值链温室气体“净零排放”。除MSCI的ESG评级提升外，公司自上市以来ESG工作也荣获多项相关机构颁发的“高分成绩单”，如中国上市公司协会ESG最佳实践案例、联合国全球契约中国网络颁发的“实现可持续发展目标最佳企业实践”、安永可持续发展年度最佳奖项“杰出企业”，中国证券报ESG百强企业、新浪财经“金责奖”，财经杂志“长青奖”等众多ESG相关奖项。注：公开资料显示，MSCI ESG评级覆盖全球范围内超过16,400家发行人，在年度评级中能够保持往年评级结果的约占60%，能够获得评级提升一级的仅占20%，能够实现评级两级跃升的公司不足1%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267708737187904,"gmtCreate":1706382993883,"gmtModify":1706382995090,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267708737187904","repostId":"2406203944","repostType":2,"repost":{"id":"2406203944","pubTimestamp":1706227200,"share":"https://www.laohu8.com/m/news/2406203944?lang=&edition=full","pubTime":"2024-01-26 08:00","market":"us","language":"zh","title":"有望真正的下一个隆基绿能，晶科能源，新晋的TOPCON电池龙头","url":"https://stock-news.laohu8.com/highlight/detail?id=2406203944","media":"新能源正前方","summary":"这是新能源正前方的第852篇原创文章      如果说前几天追踪的隆基现在属于秋风失意，今天要追踪的晶科能源则是反过来，正处于春风得意的好日子里。       01       晶科能源2023年三....","content":"<div>\n<p>这是新能源正前方的第852篇原创文章\n如果说前几天追踪的隆基现在属于秋风失意，今天要追踪的晶科能源则是反过来，正处于春风得意的好日子里。\n 01 \n晶科能源2023年三季报简析\n2023 年三季报，公司实现营收 850.97 亿元，同比增长61.25%；归母净利润 63.54 亿元，同比大涨279.14%；扣非归母净利润 60.47 亿元，同比大涨298.94%；综合毛利率 15.77%，同比提升...</p>\n\n<a href=\"https://new.qq.com/rain/a/20240125A0A03K00\">Web Link</a>\n\n</div>\n","source":"tencent_tech","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>有望真正的下一个隆基绿能，晶科能源，新晋的TOPCON电池龙头</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有望真正的下一个隆基绿能，晶科能源，新晋的TOPCON电池龙头\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-26 08:00 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20240125A0A03K00><strong>新能源正前方</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>这是新能源正前方的第852篇原创文章\n如果说前几天追踪的隆基现在属于秋风失意，今天要追踪的晶科能源则是反过来，正处于春风得意的好日子里。\n 01 \n晶科能源2023年三季报简析\n2023 年三季报，公司实现营收 850.97 亿元，同比增长61.25%；归母净利润 63.54 亿元，同比大涨279.14%；扣非归母净利润 60.47 亿元，同比大涨298.94%；综合毛利率 15.77%，同比提升...</p>\n\n<a href=\"https://new.qq.com/rain/a/20240125A0A03K00\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://inews.gtimg.com/om_ls/OeHykVQ0IxaJaTtG9ulFDuGDOtWt-ecUDvBg0hzh6FIRMAA_294195/0","relate_stocks":{"BK4141":"半导体产品","BK4526":"热门中概股","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念","JKS":"晶科能源","BK4588":"碎股"},"source_url":"https://new.qq.com/rain/a/20240125A0A03K00","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2406203944","content_text":"这是新能源正前方的第852篇原创文章\n如果说前几天追踪的隆基现在属于秋风失意，今天要追踪的晶科能源则是反过来，正处于春风得意的好日子里。\n 01 \n晶科能源2023年三季报简析\n2023 年三季报，公司实现营收 850.97 亿元，同比增长61.25%；归母净利润 63.54 亿元，同比大涨279.14%；扣非归母净利润 60.47 亿元，同比大涨298.94%；综合毛利率 15.77%，同比提升5.53个百分点。\n其中Q3 单季度实现营收 314.72 亿元，同比增长62.53%，环比增长3.28%；归母净利润 25.11 亿元，同比增长225.79%，环比增长14.95%；扣非归母净利润 25.11 亿元，同比大涨252.28%，环比增加8.48%；综合毛利率 16.78%，同比增加6.57个百分点，环比增加0.56个百分点。这几个指标均创了历史新高！\n今年光伏行业有多惨淡无需新能源正前方赘述了，作为对比：Q3天合光能营收环比增长13%，净利润环比下滑13%；晶澳营收环比下滑6%，净利润环比下滑13%；隆基营收环比下滑19%，净利润环比下滑55%。\n晶科能源的这份三季报无疑是炸裂的，再怎么吹嘘都不为过，也就难怪董事长李仙德发文表示“不惧怕任何竞争！”也不负此前他在2022年年末官微上的发言：2023，让我们狠狠生长！\n能有如此优异的表现，最核心的原因就是topcon 在2023年的大放量。\n这几年随着P型电池的转化效率逐渐逼近天花板，行业开始了由P型向N型升级的浪潮。面对N型技术里的多种具体路线，前几年行业里的巨头普遍比较犹豫和纠结，但2022年下半年开始，topcon逐步成为主流选择，到了2023年，行业里的几个巨头更是约好了一样，除了少数选择HJT和BC，其他的都不约而同选择“搁置争议，先干topcon”。\n据媒体根据公开资料梳理统计，2023年以来，国内已投产TOPCon产能达到433GW，其中TOPCon电池327.5GW、组件105.5GW，这还是在2023年央企招标量主要是PERC的情况下。现在普遍预期明年招标市场topcon份额很可能达到70%以上。\nTopcon火热的市场表现决定了提前布局topcon产能的厂商都在这一波趋势中大赚特赚，而晶科能源就是最坚定看好topcon的厂商之一，此前它就一直坚定认为topcon作为主流技术路线拥有“效率上限高、低成本产业化、设备配套更优”三方面优势，在未来三到五年依然是主流路线，一直在坚持研发投入和产能扩张。\n前三季度，公司实现总出货量 55.7GW，其中组件出货量为 52.2GW，硅片和电池片出货量为 3.5GW，总出货量较去年同期增长 86.91% ，N型电池占比过半，截至三季度末，公司已投产的 N 型 TOPCon 电池产能超过 55GW，大规模量产平均效率达 25.6%。\n而且在手订单饱满，预计第四季度组件出货量为 23GW 左右，同时 N 型占比进一步提升，全年出货占比将达到60%以上，24年的占比更是有望提升到80%以上。\n从三季报的出货来看，晶科已经超越了隆基，重新夺回了全球出货冠军，而且按照晶科全年乐观的业绩预测，2023年的出货量冠军也基本非他莫属了。\n市场上也不乏对它产能过分激进的批判，激进确实是非常激进的，毕竟截至2021年底它的组件产能才只有45GW，但截至2023年底产能就有望突破110gw，扩张的主要就是topcon产能。\n 02 \nTOPCON组件龙头\n光伏产业几十年来英雄辈出，但很多草莽英雄和企业都在技术的更新换代中消亡，都是因为押注巨大的产能在新技术路线上，但最终却发现押错了技术路线。\n就晶科能源这几年的产能扩张而言，确实太激进了，至少相比其他几个巨头都要激进太多了，但幸运的是，从目前来看，它暂时赌对了，这一波业绩大爆发就是时代给予它的回馈。\n也正是因为这几年激进的产能扩张，虽然今年业绩表现不错，但也招致了不少批评，不过站在企业经营的角度，决策从来都不容易，企业的经营风格稳健还是激进也各有优劣，尤其是在光伏这样技术升级换代频繁、同质化严重的行业里，技术红利期比较短，押注一个技术路线后，就必须考虑如何最大限度吃到技术红利。这就要求技术研发和产能准备是同时进行的，一旦技术成熟了，就是大规模的产能上线。\n虽然在很多人看来晶科这一波无疑过分激进，但晶科对于topcon技术路线一直就很笃定。\n事实上，从2020年它的出货量冠军宝座被隆基夺走之后，它就开始了topcon光伏电池的研发。\n虽然钟宝申说隆基是最早推出topcon产品的光伏企业，但隆基此前一直不看好topcon，也没有真正地规模化过。\n其实也不只是隆基，整个光伏产业链在2022年之前都不怎么看好topcon，但晶科却一直非常坚定地将全产业链从perc电池转向了topcon，2019年就在全行业都不看好的情况下，建立了900MW产能的TOPCon电池量产线，成为最早建立TOPCon量产产线的光伏企业。\n目前公司的TOPCon电池大规模量产平均效率达25.6%，明年还将推出双面TOPCon，预期量产效率可到26.5%，2024至2025年还将逐步达到27%-27.5% 的量产效率。\n届时晶科能源如果真能实现这样的量产销量目标，对于隆基而言，并不是一件好事情，尤其在晶科还在持续扩张产能的情况下，成本还可以进一步下降，BC电池如何竞争这是一个问题，这也是晶科对于BC电池不看好的原因，确实在几年内，topcon 的优势明显。\n这也是从前年下半年开始，行业关于N型路线的争论逐步搁置，不约而同选择topcon的原因，这条路线至少中短期看起来成功概率最高。\n而布局topcon 最早也最坚决、技术储备和产能目前也跑在最前列的晶科，在topcon技术红利持续释放的几年内都将是最受益的公司之一。\n至于行业担忧的产能过剩问题，这几乎是光伏行业无可避免的永恒命题了，但光伏行业过去那么多年的发展经验也证明了一点：光伏作为全球新能源最重要的代表之一，只要转化率还在提升，成本还在下降，它就还会有更大的发展，产能过剩都是落后产能的过剩，先淘汰的也一定是落后的产能，至少目前还轮不到topcon 相关的产能。\n至于说“产能问题可以证明光伏就不是一个好行业”，那就是另外的维度，不在今天展开了。\n声明：文章仅记录作者思想，不构成投资建议，投资有巨大风险，需谨慎谨慎再谨慎，希望大家像对待装修房子一样对待自己的投资，不要让挑公司的时间还不如你挑家具的时间来得多，你对待小钱能反复权衡，怎么对待大钱反而如此草率？","news_type":1},"isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267698513940528,"gmtCreate":1706380497805,"gmtModify":1706380498943,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267698513940528","repostId":"266494348161064","repostType":1,"repost":{"id":266494348161064,"gmtCreate":1706094145764,"gmtModify":1706094294888,"author":{"id":"3574917796328560","authorId":"3574917796328560","name":"钛媒体APP","avatar":"https://static.tigerbbs.com/a30e6edce861fd1d3d0c1268a2d83b40","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"2023年光伏组件出货量TOP10出炉，晶科反超隆基重回榜首","htmlText":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","listText":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","text":"图片来自@视觉中国 近日，北极星、索比咨询、能源一号、光伏资讯等机构、媒体相继发布了2023年我国光伏企业组件出货量TOP榜单，前几名仍是常年“霸榜”的龙头，而新势力的表现、产业链上游企业相关业务布局的提速同样值得关注。 “组件五巨头”地位稳固，通威、正泰组件产能加速释放 因为目前多数企业未公布详细出货数据，所以TOP榜单中部分数据来自各机构、媒体的调研，在具体数字上有一定出入，但排名大体一致，钛媒体APP综合多个榜单整理出了TOP10。 数据来源：北极星、索比咨询、能源一号、光伏资讯；钛媒体APP整理 从汇总版TOP10榜单来看，历来有“组件五巨头”之称的晶科能源（688223.SH）、天合光能（688599.SH）、隆基绿能（601012.SH）、晶澳科技（002459.SZ）、阿特斯（688472.SH）表现仍然稳定，位居前五名。 相比于2022年隆基、天合、晶科、晶澳组件出货量均在40-47GW的情况，2023年差距有拉大之势，第一名与第四名的差距预计在10-20GW之间。而晶科凭借N型TOPCon组件渗透率的持续提升，全年实现约70%的同比增长，一举超越了连续三年排名第一的隆基和2022年“压自己一头”的天合，以75-80GW的出货量时隔三年后再次拿下榜首（晶科曾在2016至2019年连续三年组件出货量位居行业第一）。此前，晶科曾在2022年年报中给出2023年60-70GW的组件出货量目标，虽然具体数字还未公布，但目前来看已能确认其超额完成了任务。在钛媒体APP此前对光伏行业2023年情况的复盘中（产能过剩危机下，风电、光伏的2023并不那么“风光”）也曾提及，晶科较早布局的N型产能在新型技术迭代过程中大受欢迎，2023年前三季度营收同比增长61.25%，净利润同比大增279.14%，在行业整体性低端产能过剩、遭遇降价潮、业绩增长失速的情况下，其财务指标表现在","images":[{"img":"https://static.tigerbbs.com/fcbfabf855494798a520d4355b1d9285"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/266494348161064","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267697950376256,"gmtCreate":1706380425485,"gmtModify":1706380426574,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267697950376256","repostId":"2405117832","repostType":2,"repost":{"id":"2405117832","pubTimestamp":1706022120,"share":"https://www.laohu8.com/m/news/2405117832?lang=&edition=full","pubTime":"2024-01-23 23:02","market":"us","language":"en","title":"Canadian Solar Shares Rise 18% on $500M Investment in Subsidiary from BlackRock","url":"https://stock-news.laohu8.com/highlight/detail?id=2405117832","media":"marketwatch","summary":"By Denny Jacob Canadian Solar shares rose 18% to $24.88 following a $500 million preferred equity investment commitment from BlackRock in its subsidiary Recurrent Energy. The stock is down 41% over the last 12 months.  The solar and energy storage assets developer said the investment from BlackRock comes through a fund managed by its climate infrastructure business. It added that the investment will provide its subsidiary with additional capital to grow its high value project development pipeline, among other efforts. Write to Denny Jacob at denny.jacob@wsj.com","content":"<html><body><div itemprop=\"articleBody\" role=\"document\"> <div> <div> <div aria-hidden=\"true\"></div> </div> </div> <p>By Denny Jacob</p><pre></pre> <p>Canadian Solar shares rose 18% to $24.88 following a $500 million preferred equity investment commitment from BlackRock in its subsidiary Recurrent Energy.</p> <p>The stock is down 41% over the last 12 months.</p> <div> <p>The solar and energy storage assets developer said the investment from BlackRock comes through a fund managed by its climate infrastructure business. It added that the investment will provide its subsidiary with additional capital to grow its high value project development pipeline, among other efforts.</p><pre></pre> <p>Write to Denny Jacob at denny.jacob@wsj.com</p><pre></pre> </div> </div></body></html>","source":"mwatch_stock","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>Canadian Solar Shares Rise 18% on $500M Investment in Subsidiary from BlackRock</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\">\nCanadian Solar Shares Rise 18% on $500M Investment in Subsidiary from BlackRock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-23 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/canadian-solar-shares-rise-18-on-500m-investment-in-subsidiary-from-blackrock-72455f28?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Denny Jacob Canadian Solar shares rose 18% to $24.88 following a $500 million preferred equity investment commitment from BlackRock in its subsidiary Recurrent Energy. The stock is down 41% over ...</p>\n\n<a href=\"https://www.marketwatch.com/story/canadian-solar-shares-rise-18-on-500m-investment-in-subsidiary-from-blackrock-72455f28?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.mktw.net/im-00247930?size=1.777777777777778&width=220 220w","relate_stocks":{"BK4535":"淡马锡持仓","BK4526":"热门中概股","BK4141":"半导体产品","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BK4585":"ETF&股票定投概念","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","BK4519":"光伏太阳能","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4504":"桥水持仓","BK4581":"高盛持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4135":"资产管理与托管银行","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","BLK":"贝莱德","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","CSIQ":"阿特斯太阳能","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H"},"source_url":"https://www.marketwatch.com/story/canadian-solar-shares-rise-18-on-500m-investment-in-subsidiary-from-blackrock-72455f28?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2405117832","content_text":"By Denny Jacob Canadian Solar shares rose 18% to $24.88 following a $500 million preferred equity investment commitment from BlackRock in its subsidiary Recurrent Energy. The stock is down 41% over the last 12 months.  The solar and energy storage assets developer said the investment from BlackRock comes through a fund managed by its climate infrastructure business. It added that the investment will provide its subsidiary with additional capital to grow its high value project development pipeline, among other efforts. Write to Denny Jacob at denny.jacob@wsj.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":267697947255072,"gmtCreate":1706380358440,"gmtModify":1706380359747,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/267697947255072","repostId":"2406238487","repostType":2,"repost":{"id":"2406238487","pubTimestamp":1706150653,"share":"https://www.laohu8.com/m/news/2406238487?lang=&edition=full","pubTime":"2024-01-25 10:44","market":"sh","language":"zh","title":"贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元","url":"https://stock-news.laohu8.com/highlight/detail?id=2406238487","media":"智通财经网","summary":"近日，全球知名投资机构贝莱德宣布同意向阿特斯太阳能旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。贝莱德发布的声明，集团的一只基金正在购买阿特斯太阳能旗下公用事业规模太阳能和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。","content":"<html><body><article><p>近日，全球知名投资机构<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>宣布同意向<a href=\"https://laohu8.com/S/CSIQ\">阿特斯太阳能</a>(CSIQ.US)旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。</p><p>据悉，贝莱德集团(BlackRock)是全球规模最大的资产管理集团之一，成立于1988年，总部位于美国纽约，截至2022年末，贝莱德整体管理规模为8.59万亿美元。</p><p>贝莱德发布的声明，集团的一只基金正在购买<a href=\"https://laohu8.com/S/688472\">阿特斯</a>太阳能旗下公用事业规模<a href=\"https://laohu8.com/S/000591\">太阳能</a>和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。阿特斯太阳能将继续拥有该业务的多数股权。</p><p>新资金将帮助Recurrent Energy扩大其项目开发渠道，并转型为美国和欧洲等市场<span>资产</span>的开发商、长期所有者和运营商。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。</p><p>这笔交易符合贝莱德在快速增长的另类资产市场上占有一席之地的雄心。本月，该公司同意以约125亿美元的价格收购Global Infrastructure Partners。</p><p>根据声明，截至去年9月底，Recurrent Energy的太阳能开发管道为26 GW，储能容量为55 GWh。贝莱德的投资将不包括Recurrent Energy在日本和中国的项目开发业务，以及在拉丁美洲的一些资产。</p><p>阿特斯太阳能成立于2001年，其网站显示，该公司在30多个国家开展业务，拥有2万名员工。该公司持有阿特斯的多数股权，后者业务涉及太阳能组件和电池存储制造。</p><p>美国银行和<a href=\"https://laohu8.com/S/SAN\">桑坦德银行</a>就这笔交易为阿特斯太阳能提供咨询。</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>贝莱德集团投资光伏！将向阿特斯旗下子公司投资5亿美元</title>\n<style 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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012511160487e1fa88&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688472":"阿特斯","BK0224":"电气机械"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024012511160487e1fa88&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2406238487","content_text":"近日，全球知名投资机构贝莱德宣布同意向阿特斯太阳能(CSIQ.US)旗下的一家子公司投资5亿美元，以加大其在可再生能源和储能方面的投资。据悉，贝莱德集团(BlackRock)是全球规模最大的资产管理集团之一，成立于1988年，总部位于美国纽约，截至2022年末，贝莱德整体管理规模为8.59万亿美元。贝莱德发布的声明，集团的一只基金正在购买阿特斯太阳能旗下公用事业规模太阳能和储能项目开发商Recurrent Energy的优先股，这些优先股可转换为20%的股份。阿特斯太阳能将继续拥有该业务的多数股权。新资金将帮助Recurrent Energy扩大其项目开发渠道，并转型为美国和欧洲等市场资产的开发商、长期所有者和运营商。这是贝莱德第四个气候基础设施基金的首笔交易，该公司于去年6月启动了该基金，目标规模为70亿美元。这笔交易符合贝莱德在快速增长的另类资产市场上占有一席之地的雄心。本月，该公司同意以约125亿美元的价格收购Global Infrastructure Partners。根据声明，截至去年9月底，Recurrent Energy的太阳能开发管道为26 GW，储能容量为55 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href=\"https://laohu8.com/S/HUYA\">$虎牙(HUYA)$</a>果然是个坑","text":"$虎牙(HUYA)$果然是个坑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/983164134","isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":980250006,"gmtCreate":1582532914005,"gmtModify":1704346657703,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>真是失望，品控这么差，何时能翻身","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a>真是失望，品控这么差，何时能翻身","text":"$小米集团-W(01810)$真是失望，品控这么差，何时能翻身","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/980250006","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":261925165252840,"gmtCreate":1704964300798,"gmtModify":1704964301852,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/740450932848\">@33_Tiger</a>: XD是我非常非常好的朋友，从前年中概低谷基金亏损到2023年重仓压住<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> <a href=\"https://laohu8.com/S/DUOL\">$多邻国(DUOL)$</a> 打了漂亮的翻身仗，一手AI，一手coin，非常值得学习。[开心]&nbsp;&nbsp;","listText":"//<a href=\"https://laohu8.com/U/740450932848\">@33_Tiger</a>: XD是我非常非常好的朋友，从前年中概低谷基金亏损到2023年重仓压住<a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a> <a href=\"https://laohu8.com/S/DUOL\">$多邻国(DUOL)$</a> 打了漂亮的翻身仗，一手AI，一手coin，非常值得学习。[开心]&nbsp;&nbsp;","text":"//@33_Tiger: XD是我非常非常好的朋友，从前年中概低谷基金亏损到2023年重仓压住$Coinbase Global, Inc.(COIN)$ $多邻国(DUOL)$ 打了漂亮的翻身仗，一手AI，一手coin，非常值得学习。[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/261925165252840","repostId":"261795497467944","repostType":1,"repost":{"id":261795497467944,"gmtCreate":1704942898351,"gmtModify":1704955538421,"author":{"id":"6049805417372","authorId":"6049805417372","name":"壹拾資產XD","avatar":"https://static.tigerbbs.com/1d42eca6d945ec51b40443503d06ee4a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"why world top and how - 写在BTC ETF通过审批的日子","htmlText":"2015年7月1日基金启动的情景历历在目，那个时候几乎是我自信的顶峰。穷则独善其身，达则兼济天下，这是我非常喜欢的态度。2012年开立股票账户的时候，我给自己定下目标是先管好自己的资金，然后再做个基金，计划花 5 年时间学习投资，2017 年做个基金，这就是第一个 5 年计划，虽然这么计划，但其实开股票账户的时候是感觉这一天很遥远的。因为一进入市场很快找到感觉，快速学习，自有资金虽然体量小，但增长非常快。这给了我很大信心，也吸引了投资圈的前辈们的支持。基金的成立比我计划的时间还快了2年。&nbsp;随着基金的运行，我发现这其实是一个生意，比自己在腾讯业余炒炒股票复杂得多，我需要动态处理好多方的关系，比如投资人、投研团队、运营团队、合规、监管、券商、基金同行、以及各种上市公司交流等。这对仅有几个月券商销售经历的腾讯程序员来说，是一个复杂的系统工程问题。我在哈工大学的是软件工程，毕业在腾讯主要是写代码人机交互，说话都不利索，我明白我需要做出很多改变。除了炒股票赚钱做业绩以外，我也一直思考自己存在的价值，以及这个基金存在的价值。想明白这些才能长期开心地做下去。我非常喜欢腾讯，因为腾讯产品用户体验极好，在腾讯工作也能愉快地快速成长。当年毕业时我拒了阿里巴巴的offer，然后腾讯收留了我，这一点我也很感恩。腾讯“正直、进取、协作、创造”的价值观也深深地指导着我的言行。见贤思齐，那么我也很想做一家公司向腾讯看齐。我相信凡事预则立，不预则废。于是，从基金以及公司的名字开始，我把 flag 立好先，腾讯英文名字是 tencent，我们基金取名 tenfund，资管公司取名 tenasset，这两个域名都有很长历史，特别tenasset.com 是 2004 年诞生，那一年腾讯刚刚上市，费好大劲才买下来，于是名字都这么有格局了，其他的工作就不能随意，更不能轻言放弃，这很激励我。2015年基金","listText":"2015年7月1日基金启动的情景历历在目，那个时候几乎是我自信的顶峰。穷则独善其身，达则兼济天下，这是我非常喜欢的态度。2012年开立股票账户的时候，我给自己定下目标是先管好自己的资金，然后再做个基金，计划花 5 年时间学习投资，2017 年做个基金，这就是第一个 5 年计划，虽然这么计划，但其实开股票账户的时候是感觉这一天很遥远的。因为一进入市场很快找到感觉，快速学习，自有资金虽然体量小，但增长非常快。这给了我很大信心，也吸引了投资圈的前辈们的支持。基金的成立比我计划的时间还快了2年。&nbsp;随着基金的运行，我发现这其实是一个生意，比自己在腾讯业余炒炒股票复杂得多，我需要动态处理好多方的关系，比如投资人、投研团队、运营团队、合规、监管、券商、基金同行、以及各种上市公司交流等。这对仅有几个月券商销售经历的腾讯程序员来说，是一个复杂的系统工程问题。我在哈工大学的是软件工程，毕业在腾讯主要是写代码人机交互，说话都不利索，我明白我需要做出很多改变。除了炒股票赚钱做业绩以外，我也一直思考自己存在的价值，以及这个基金存在的价值。想明白这些才能长期开心地做下去。我非常喜欢腾讯，因为腾讯产品用户体验极好，在腾讯工作也能愉快地快速成长。当年毕业时我拒了阿里巴巴的offer，然后腾讯收留了我，这一点我也很感恩。腾讯“正直、进取、协作、创造”的价值观也深深地指导着我的言行。见贤思齐，那么我也很想做一家公司向腾讯看齐。我相信凡事预则立，不预则废。于是，从基金以及公司的名字开始，我把 flag 立好先，腾讯英文名字是 tencent，我们基金取名 tenfund，资管公司取名 tenasset，这两个域名都有很长历史，特别tenasset.com 是 2004 年诞生，那一年腾讯刚刚上市，费好大劲才买下来，于是名字都这么有格局了，其他的工作就不能随意，更不能轻言放弃，这很激励我。2015年基金","text":"2015年7月1日基金启动的情景历历在目，那个时候几乎是我自信的顶峰。穷则独善其身，达则兼济天下，这是我非常喜欢的态度。2012年开立股票账户的时候，我给自己定下目标是先管好自己的资金，然后再做个基金，计划花 5 年时间学习投资，2017 年做个基金，这就是第一个 5 年计划，虽然这么计划，但其实开股票账户的时候是感觉这一天很遥远的。因为一进入市场很快找到感觉，快速学习，自有资金虽然体量小，但增长非常快。这给了我很大信心，也吸引了投资圈的前辈们的支持。基金的成立比我计划的时间还快了2年。 随着基金的运行，我发现这其实是一个生意，比自己在腾讯业余炒炒股票复杂得多，我需要动态处理好多方的关系，比如投资人、投研团队、运营团队、合规、监管、券商、基金同行、以及各种上市公司交流等。这对仅有几个月券商销售经历的腾讯程序员来说，是一个复杂的系统工程问题。我在哈工大学的是软件工程，毕业在腾讯主要是写代码人机交互，说话都不利索，我明白我需要做出很多改变。除了炒股票赚钱做业绩以外，我也一直思考自己存在的价值，以及这个基金存在的价值。想明白这些才能长期开心地做下去。我非常喜欢腾讯，因为腾讯产品用户体验极好，在腾讯工作也能愉快地快速成长。当年毕业时我拒了阿里巴巴的offer，然后腾讯收留了我，这一点我也很感恩。腾讯“正直、进取、协作、创造”的价值观也深深地指导着我的言行。见贤思齐，那么我也很想做一家公司向腾讯看齐。我相信凡事预则立，不预则废。于是，从基金以及公司的名字开始，我把 flag 立好先，腾讯英文名字是 tencent，我们基金取名 tenfund，资管公司取名 tenasset，这两个域名都有很长历史，特别tenasset.com 是 2004 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href=\"https://laohu8.com/S/YALA\">$Yalla Group(YALA)$</a>挺垃圾的","text":"$Yalla Group(YALA)$挺垃圾的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108785826","isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":337219859,"gmtCreate":1611149928471,"gmtModify":1703748356030,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/337219859","repostId":"334232755","repostType":1,"repost":{"id":334232755,"gmtCreate":1610790859477,"gmtModify":1703746922285,"author":{"id":"3447374152482573","authorId":"3447374152482573","name":"Sharpyw","avatar":"https://static.tigerbbs.com/e9fbefcab6d35211ac9d48db949f1e16","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"我是如何运用Option,降低AMC的持股成本的?","htmlText":"Hi,大家好,我是W~~之前有发过一篇关于我自己学习期权的学习笔记,有兴趣的朋友可以看一看:<a href=\"https://laohu8.com/TW/331279763\" target=\"_blank\">W先生的美股期权(Option)学习笔记①</a>很多朋友问具体怎么操作?或者希望我聊一些比较具象的问题,今天我们就拿<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>&nbsp;这个标的来具体演示一下~~在描述具体如何通过Option来降低标的正股持股成本之前,我们来具体说说AMC的基本面的一些情况.AMC电影院（AMC Theatres；简写自AmericanMulti-Cinema）是一间美国的连锁电影院。AMC是世界最大的连锁院线，在美国市场占有率第一，共有8000多块萤幕和600家影院。除了美国以外，AMC在英国和法国各有据点。AMC曾进驻巴西、加拿大、智利、日本、墨西哥、葡萄牙、韩国、西班牙、瑞典、匈牙利和香港等国与地区.除了传统的电影院加餐饮的模式以外,AMC也2019年底发布了AMC Theatres On Demand类似于亚马逊的Prime Video或苹果的iTunes商城，它能让用户通过网站和智能电视与移动APP购买或租借影片。AMC公司数据显示，AMC的Stubs计划订阅家庭达2000万。其实我们中国的小伙伴都有切身的体会,随着互联的兴起很多传统消费业态确实在不断萎缩,到大型的商场目前就两个业态还是很火爆的,那就是餐饮和电影院,相信未来5-10年也不会改变这个现状,毕竟互联网给了我们便利,但是我们人都是有社交的需求的.但是随着2020年的疫情爆发,整个美国电影院线市场处于极度的低迷几乎是冰点.上座率减少89%,将近过半的中小影院面临停业和破产.AMC虽然规模巨大","listText":"Hi,大家好,我是W~~之前有发过一篇关于我自己学习期权的学习笔记,有兴趣的朋友可以看一看:<a href=\"https://laohu8.com/TW/331279763\" target=\"_blank\">W先生的美股期权(Option)学习笔记①</a>很多朋友问具体怎么操作?或者希望我聊一些比较具象的问题,今天我们就拿<a target=\"_blank\" href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>&nbsp;这个标的来具体演示一下~~在描述具体如何通过Option来降低标的正股持股成本之前,我们来具体说说AMC的基本面的一些情况.AMC电影院（AMC Theatres；简写自AmericanMulti-Cinema）是一间美国的连锁电影院。AMC是世界最大的连锁院线，在美国市场占有率第一，共有8000多块萤幕和600家影院。除了美国以外，AMC在英国和法国各有据点。AMC曾进驻巴西、加拿大、智利、日本、墨西哥、葡萄牙、韩国、西班牙、瑞典、匈牙利和香港等国与地区.除了传统的电影院加餐饮的模式以外,AMC也2019年底发布了AMC Theatres On Demand类似于亚马逊的Prime Video或苹果的iTunes商城，它能让用户通过网站和智能电视与移动APP购买或租借影片。AMC公司数据显示，AMC的Stubs计划订阅家庭达2000万。其实我们中国的小伙伴都有切身的体会,随着互联的兴起很多传统消费业态确实在不断萎缩,到大型的商场目前就两个业态还是很火爆的,那就是餐饮和电影院,相信未来5-10年也不会改变这个现状,毕竟互联网给了我们便利,但是我们人都是有社交的需求的.但是随着2020年的疫情爆发,整个美国电影院线市场处于极度的低迷几乎是冰点.上座率减少89%,将近过半的中小影院面临停业和破产.AMC虽然规模巨大","text":"Hi,大家好,我是W~~之前有发过一篇关于我自己学习期权的学习笔记,有兴趣的朋友可以看一看:W先生的美股期权(Option)学习笔记①很多朋友问具体怎么操作?或者希望我聊一些比较具象的问题,今天我们就拿$AMC院线(AMC)$ 这个标的来具体演示一下~~在描述具体如何通过Option来降低标的正股持股成本之前,我们来具体说说AMC的基本面的一些情况.AMC电影院（AMC Theatres；简写自AmericanMulti-Cinema）是一间美国的连锁电影院。AMC是世界最大的连锁院线，在美国市场占有率第一，共有8000多块萤幕和600家影院。除了美国以外，AMC在英国和法国各有据点。AMC曾进驻巴西、加拿大、智利、日本、墨西哥、葡萄牙、韩国、西班牙、瑞典、匈牙利和香港等国与地区.除了传统的电影院加餐饮的模式以外,AMC也2019年底发布了AMC Theatres On Demand类似于亚马逊的Prime Video或苹果的iTunes商城，它能让用户通过网站和智能电视与移动APP购买或租借影片。AMC公司数据显示，AMC的Stubs计划订阅家庭达2000万。其实我们中国的小伙伴都有切身的体会,随着互联的兴起很多传统消费业态确实在不断萎缩,到大型的商场目前就两个业态还是很火爆的,那就是餐饮和电影院,相信未来5-10年也不会改变这个现状,毕竟互联网给了我们便利,但是我们人都是有社交的需求的.但是随着2020年的疫情爆发,整个美国电影院线市场处于极度的低迷几乎是冰点.上座率减少89%,将近过半的中小影院面临停业和破产.AMC虽然规模巨大","images":[{"img":"https://static.tigerbbs.com/ed6665f955e8256a450d3398e8d535a1","width":"620","height":"260"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/334232755","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":922743095,"gmtCreate":1587680025917,"gmtModify":1704365241575,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/922743095","repostId":"2024017913","repostType":2,"repost":{"id":"2024017913","pubTimestamp":1585694564,"share":"https://www.laohu8.com/m/news/2024017913?lang=&edition=full","pubTime":"2020-04-01 06:42","market":"us","language":"en","title":"Third Avenue Value Fund Buys 2 Stocks, Sells 3 Others in 1st Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2024017913","media":"GuruFocus.com","summary":"The Third Avenue Value Fund (Trades, Portfolio) released its first-quarter 2020 portfolio earlier th","content":"<html><body><div><p type=\"text\">The Third Avenue Value Fund (Trades, Portfolio) released its first-quarter 2020 portfolio earlier this week, disclosing that it established two new positions and sold out of three others.</p><ul><li>Warning! GuruFocus has detected 10 Warning Signs with MAC. Click here to check it out. </li><li>MAC 30-Year Financial Data</li><li>The intrinsic value of MAC</li><li>Peter Lynch Chart of MAC</li></ul><p type=\"text\">Part of the late Martin Whitman's Third Avenue Management (Trades, Portfolio), which is based in New York, the fund relies on a high-conviction strategy, investing in undervalued securities across several different industries, market capitalizations and regions. Portfolio managers Matthew Fine and Michael Fineman use fundamental analysis to find stocks trading below their intrinsic value that compound asset values at double-digit rates.</p><p type=\"text\">Taking these criteria into consideration, the fund entered positions in Macerich Co. (NYSE:MAC) and Quinenco SA (XSGO:QUINENCO) during the quarter. It also divested of its long-held holdings of Investor AB (OSTO:INVEB), Brookfield Asset Management Inc. (TSX:BAM.A) and Wheelock and Co. Ltd. (HKSE:00020).</p><p type=\"text\"><strong>Macerich </strong></p><p type=\"text\">The fund invested in 304,346 shares of Macerich, dedicating 1.33% of the equity portfolio to the position. The stock traded for an average price of $26.40 per share during the quarter.</p><p type=\"text\">The Santa Monica, California-based real estate investment trust, which invests in shopping centers, has an $823.76 million market cap; its shares were trading around $5.92 on Tuesday with a price-earnings ratio of 8.57, a price-book ratio of 0.31 and a price-sales ratio of 0.9.</p><p type=\"text\">The Peter Lynch chart shows the stock is trading below its fair value, suggesting it is undervalued. The GuruFocus valuation rank of 10 out of 10 also supports this observation since the share price, price-book ratio and price-sales ratio are all near 10-year lows.</p><p type=\"text\">In the fund's fourth-quarter 2019 commentary, Fine and Fineman wrote that while a \"spate of recent retail bankruptcies and an existing debt load that is larger than we would prefer,\" the \"operating performance of the underlying assets has been strong and we are confident that we are materially underpaying for the equity relative to net asset value.\"</p><p type=\"text\">GuruFocus rated Macerich's financial strength 3 out of 10. As a result of issuing approximately $354.95 million in new long-term debt over the past three years, the company has poor interest coverage. The Altman Z-Score of -0.03 also warns that the company could be in danger of going bankrupt. In addition, since the company's return on invested capital outweighs its weighted average cost of capital, it may not be capital efficient.</p><p type=\"text\">The company's profitability fared a bit better with a 6 out of 10 rating even though its margins are in decline and its returns underperform a majority of competitors. Macerich also has a moderate Piotroski F-Score of 6, which indicates operations are stable. The business predictability rank of one out of five stars, however, is on watch as a result of declining revenue per share over the past five years. According to GuruFocus, companies with this rank typically see their stocks gain an average of 1.1% per annum over a 10-year period.</p><p type=\"text\">Of the gurus invested in the stock, the Smead Value Fund (Trades, Portfolio) has the largest stake with 1.01% of outstanding shares. Other top guru shareholders include Jim Simons (Trades, Portfolio)' Renaissance Technologies, Chris Davis (Trades, Portfolio), Pioneer Investments (Trades, Portfolio) and Philippe Laffont (Trades, Portfolio).</p><p type=\"text\"><strong>Quinenco</strong></p><p type=\"text\">Third Avenue picked up 3.32 million shares of Quinenco, allocating 1.12% of the equity portfolio to the stake. Shares traded for an average price of 1,514.66 Chilean pesos ($1.79) each during the quarter.</p><p type=\"text\">The Chilean holding company, which invests in companies active in the industrial and financial sectors, has a market cap of 1.57 trillion pesos; its shares closed at 945.56 pesos on Monday with a price-earnings ratio of 8.35 and a price-book ratio of 0.47.</p><p type=\"text\">In the fund's fourth-quarter 2019 commentary, the portfolio managers wrote that they have been familiar with Quinenco and its management for over a decade. The fund finally established a position following a decline in the share price due to anti-government protests in Chile in October that sent the value of the peso lower and impacted equities in a range of industries. Fine and Fineman wrote:</p><div><p type=\"text\">\"We view the underlying companies as well-managed and conservatively financed, often with dominant market positions. Indeed, various Quinenco controlled companies are respected business partners for global companies, such as Heineken, Citigroup and Shell, seeking to operate in Chile. It is our view that we were able to purchase shares at a time when both the underlying businesses were atypically inexpensive and the size of discount offered through shares of Quinenco was unusually large.\"</p><p type=\"text\"><strong>Investor</strong></p><p type=\"text\">The fund sold its 325,405 remaining shares of Investor, impacting the equity portfolio by -2.77%. During the quarter, the stock traded for an average price of 515.8 Swedish krona ($51.93) per share.</p><p type=\"text\">The Swedish investment holding company has a market cap of 340.76 billion krona; its shares closed at 448.3 krona on Monday with a price-earnings ratio of 15.13, a price-book ratio of 0.87 and a price-sales ratio of 5.3.</p><p type=\"text\">GuruFocus estimates the fund has gained 35.98% on the investment since the fourth quarter of 2013.</p><p type=\"text\"><strong>Brookfield Asset Management</strong></p><p type=\"text\">The Value Fund sold its 260,888 remaining shares of Brookfield Asset Management. The trade had an impact of -2.40% on the equity portfolio. The stock traded for an average per-share price of 77.01 Canadian dollars ($54.36) during the quarter.</p><p type=\"text\">The Toronto-based alternative asset management company has a CA$63.07 billion market cap; its shares closed at CA$62.48 on Monday with a price-earnings ratio of 18.22, a price-book ratio of 1.55 and a price-sales ratio of 0.68.</p><p type=\"text\">According to GuruFocus, the Value Fund has gained 71.47% on the investment since the first quarter of 2013.</p><p type=\"text\"><strong>Wheelock</strong></p><p type=\"text\">Third Avenue sold its 2.26 million-share stake in Wheelock, which had an impact of -2.33% on the equity portfolio. During the quarter, the stock traded for an average price of 50.22 Hong Kong dollars ($6.48) per share.</p><p type=\"text\">The Hong Kong-based real estate development company has a market cap of HK$106.74 billion; its shares closed at HK$53.1 on Tuesday with a price-earnings ratio of 6.3, a price-book ratio of 0.39 and a price-sales ratio of 2.19.</p><p type=\"text\">Based on GuruFocus data, the fund has lost approximately 6.7% on the investment since the second quarter of 2013.</p><p type=\"text\"><strong>Additional trades and portfolio performance</strong></p><p type=\"text\">During the quarter, the Value Fund also added to its position in <a href=\"https://laohu8.com/S/FPH\">Five Point Holdings LLC</a> (FPH) and reduced its holdings of several other securities, including Lundin Mining Corp. (TSX:LUN), Weyerhaeuser Co. (WY), <a href=\"https://laohu8.com/S/BZZUF\">Buzzi Unicem SpA</a> (MIL:BZU) and Comerica Inc. (CMA).</p><p type=\"text\">Third Avenue's $509 million equity portfolio, which is composed of 27 stocks, is largely invested in the basic materials sector, followed by smaller positions in the consumer cyclical and industrials spaces.</p><p type=\"text\">GuruFocus data indicates the fund returned 12.85% in 2019, underperforming the S&amp;P 500's 31.48% return.</p><p type=\"text\">Disclosure: No positions.</p><p type=\"text\">Read more here:</p><ul><li>Prem Watsa Drifts Deeper Into MasterCraft</li><li>Spiros Segalas Starts the New Year Adding 5 Stocks to Portfolio</li><li>5 Stocks Top Earners Steven Cohen and David Tepper Agree On</li></ul><p type=\"text\"><span>N</span><span>ot a Premium Member of GuruFocus? Sign up for a </span>free 7-day trial here<span>.</span></p><p type=\"text\">This article first appeared on GuruFocus.<br/></p><ul><li>Warning! GuruFocus has detected 10 Warning Signs with MAC. Click here to check it out. </li><li>MAC 30-Year Financial Data</li><li>The intrinsic value of MAC</li><li>Peter Lynch Chart of MAC</li></ul></div></div></body></html>","source":"yahoofinance","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>Third Avenue Value Fund Buys 2 Stocks, Sells 3 Others in 1st Quarter</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\">\nThird Avenue Value Fund Buys 2 Stocks, Sells 3 Others in 1st Quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-04-01 06:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/third-avenue-value-fund-buys-224244186.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Third Avenue Value Fund (Trades, Portfolio) released its first-quarter 2020 portfolio earlier this week, disclosing that it established two new positions and sold out of three others.Warning! ...</p>\n\n<a href=\"https://finance.yahoo.com/news/third-avenue-value-fund-buys-224244186.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/lo/api/res/1.2/juYHouS.lXsX2at5PkS7DA--/YXBwaWQ9eXZpZGVvZmVlZHM7dz02MDA7aD00MDA-/https://media.zenfs.com/en-us/us.finance.gurufocus/7294252cbf1b39b0051b4f78ba1bcd18","relate_stocks":{"MAC":"马塞里奇房产"},"source_url":"https://finance.yahoo.com/news/third-avenue-value-fund-buys-224244186.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2024017913","content_text":"The Third Avenue Value Fund (Trades, Portfolio) released its first-quarter 2020 portfolio earlier this week, disclosing that it established two new positions and sold out of three others.Warning! GuruFocus has detected 10 Warning Signs with MAC. Click here to check it out. MAC 30-Year Financial DataThe intrinsic value of MACPeter Lynch Chart of MACPart of the late Martin Whitman's Third Avenue Management (Trades, Portfolio), which is based in New York, the fund relies on a high-conviction strategy, investing in undervalued securities across several different industries, market capitalizations and regions. Portfolio managers Matthew Fine and Michael Fineman use fundamental analysis to find stocks trading below their intrinsic value that compound asset values at double-digit rates.Taking these criteria into consideration, the fund entered positions in Macerich Co. (NYSE:MAC) and Quinenco SA (XSGO:QUINENCO) during the quarter. It also divested of its long-held holdings of Investor AB (OSTO:INVEB), Brookfield Asset Management Inc. (TSX:BAM.A) and Wheelock and Co. Ltd. (HKSE:00020).Macerich The fund invested in 304,346 shares of Macerich, dedicating 1.33% of the equity portfolio to the position. The stock traded for an average price of $26.40 per share during the quarter.The Santa Monica, California-based real estate investment trust, which invests in shopping centers, has an $823.76 million market cap; its shares were trading around $5.92 on Tuesday with a price-earnings ratio of 8.57, a price-book ratio of 0.31 and a price-sales ratio of 0.9.The Peter Lynch chart shows the stock is trading below its fair value, suggesting it is undervalued. The GuruFocus valuation rank of 10 out of 10 also supports this observation since the share price, price-book ratio and price-sales ratio are all near 10-year lows.In the fund's fourth-quarter 2019 commentary, Fine and Fineman wrote that while a \"spate of recent retail bankruptcies and an existing debt load that is larger than we would prefer,\" the \"operating performance of the underlying assets has been strong and we are confident that we are materially underpaying for the equity relative to net asset value.\"GuruFocus rated Macerich's financial strength 3 out of 10. As a result of issuing approximately $354.95 million in new long-term debt over the past three years, the company has poor interest coverage. The Altman Z-Score of -0.03 also warns that the company could be in danger of going bankrupt. In addition, since the company's return on invested capital outweighs its weighted average cost of capital, it may not be capital efficient.The company's profitability fared a bit better with a 6 out of 10 rating even though its margins are in decline and its returns underperform a majority of competitors. Macerich also has a moderate Piotroski F-Score of 6, which indicates operations are stable. The business predictability rank of one out of five stars, however, is on watch as a result of declining revenue per share over the past five years. According to GuruFocus, companies with this rank typically see their stocks gain an average of 1.1% per annum over a 10-year period.Of the gurus invested in the stock, the Smead Value Fund (Trades, Portfolio) has the largest stake with 1.01% of outstanding shares. Other top guru shareholders include Jim Simons (Trades, Portfolio)' Renaissance Technologies, Chris Davis (Trades, Portfolio), Pioneer Investments (Trades, Portfolio) and Philippe Laffont (Trades, Portfolio).QuinencoThird Avenue picked up 3.32 million shares of Quinenco, allocating 1.12% of the equity portfolio to the stake. Shares traded for an average price of 1,514.66 Chilean pesos ($1.79) each during the quarter.The Chilean holding company, which invests in companies active in the industrial and financial sectors, has a market cap of 1.57 trillion pesos; its shares closed at 945.56 pesos on Monday with a price-earnings ratio of 8.35 and a price-book ratio of 0.47.In the fund's fourth-quarter 2019 commentary, the portfolio managers wrote that they have been familiar with Quinenco and its management for over a decade. The fund finally established a position following a decline in the share price due to anti-government protests in Chile in October that sent the value of the peso lower and impacted equities in a range of industries. Fine and Fineman wrote:\"We view the underlying companies as well-managed and conservatively financed, often with dominant market positions. Indeed, various Quinenco controlled companies are respected business partners for global companies, such as Heineken, Citigroup and Shell, seeking to operate in Chile. It is our view that we were able to purchase shares at a time when both the underlying businesses were atypically inexpensive and the size of discount offered through shares of Quinenco was unusually large.\"InvestorThe fund sold its 325,405 remaining shares of Investor, impacting the equity portfolio by -2.77%. During the quarter, the stock traded for an average price of 515.8 Swedish krona ($51.93) per share.The Swedish investment holding company has a market cap of 340.76 billion krona; its shares closed at 448.3 krona on Monday with a price-earnings ratio of 15.13, a price-book ratio of 0.87 and a price-sales ratio of 5.3.GuruFocus estimates the fund has gained 35.98% on the investment since the fourth quarter of 2013.Brookfield Asset ManagementThe Value Fund sold its 260,888 remaining shares of Brookfield Asset Management. The trade had an impact of -2.40% on the equity portfolio. The stock traded for an average per-share price of 77.01 Canadian dollars ($54.36) during the quarter.The Toronto-based alternative asset management company has a CA$63.07 billion market cap; its shares closed at CA$62.48 on Monday with a price-earnings ratio of 18.22, a price-book ratio of 1.55 and a price-sales ratio of 0.68.According to GuruFocus, the Value Fund has gained 71.47% on the investment since the first quarter of 2013.WheelockThird Avenue sold its 2.26 million-share stake in Wheelock, which had an impact of -2.33% on the equity portfolio. During the quarter, the stock traded for an average price of 50.22 Hong Kong dollars ($6.48) per share.The Hong Kong-based real estate development company has a market cap of HK$106.74 billion; its shares closed at HK$53.1 on Tuesday with a price-earnings ratio of 6.3, a price-book ratio of 0.39 and a price-sales ratio of 2.19.Based on GuruFocus data, the fund has lost approximately 6.7% on the investment since the second quarter of 2013.Additional trades and portfolio performanceDuring the quarter, the Value Fund also added to its position in Five Point Holdings LLC (FPH) and reduced its holdings of several other securities, including Lundin Mining Corp. (TSX:LUN), Weyerhaeuser Co. (WY), Buzzi Unicem SpA (MIL:BZU) and Comerica Inc. (CMA).Third Avenue's $509 million equity portfolio, which is composed of 27 stocks, is largely invested in the basic materials sector, followed by smaller positions in the consumer cyclical and industrials spaces.GuruFocus data indicates the fund returned 12.85% in 2019, underperforming the S&P 500's 31.48% return.Disclosure: No positions.Read more here:Prem Watsa Drifts Deeper Into MasterCraftSpiros Segalas Starts the New Year Adding 5 Stocks to Portfolio5 Stocks Top Earners Steven Cohen and David Tepper Agree OnNot a Premium Member of GuruFocus? Sign up for a free 7-day trial here.This article first appeared on GuruFocus.Warning! GuruFocus has detected 10 Warning Signs with MAC. Click here to check it out. MAC 30-Year Financial DataThe intrinsic value of MACPeter Lynch Chart of MAC","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":922783596,"gmtCreate":1587658766715,"gmtModify":1704365188774,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/922783596","repostId":"2029481860","repostType":2,"repost":{"id":"2029481860","pubTimestamp":1587653391,"share":"https://www.laohu8.com/m/news/2029481860?lang=&edition=full","pubTime":"2020-04-23 22:49","market":"us","language":"zh","title":"现在是投资美国杠杆贷款市场的好时机吗？","url":"https://stock-news.laohu8.com/highlight/detail?id=2029481860","media":"市川新田三丁目","summary":"BKLN持仓的杠杆贷款有相当高的降级风险。","content":"<p><b>要点</b></p><p>投资者一般对杠杆贷款印象不错，因为杠杆贷款是浮动利率计息， 收益率通常会达到5%以上。</p><p>Invesco公司管理的跟踪美国杠杆贷款市场走势的交易所交易基金BKLN近期大跌了25%，其后几乎收复了全部失地。</p><p>BKLN持仓的很多杠杆贷款的发行人盈利能力差，负债水平高，且年内借新换旧的压力较大。</p><p>尽管美联储出台了货币政策方面的刺激举措，BKLN持仓的很多杠杆贷款大概率地会被信用降级。</p><p>在经历了极端的下跌行情后，美国高收益债市场几乎重回历史高位。反弹很大程度上受益于美联储大力度的货币刺激。</p><p>BKLN也经历了惊心动魄的大起大落。如下图所示，这只价格走势通常比较平稳的交易所交易基金在几乎完全收复失地之前最低曾跌去差不多25%，分红率相应地升至7%。</p><p class=\"t-img-caption\"><img src=\"http://img.zhitongcaijing.com/images/contentformat/d4541b765453e89fe81b862895d9ceba.jpg\"><span>Data by YCharts 图表信息来源：YCharts</span></p><p>BKLN基金主要投资于信用评级低于投资级的浮动利率计息的杠杆贷款，其当前的利率水平相当于在LIBOR的基础上加4.9%，其到期收益率为6.1%，而LIBOR为1.2%。</p><p>老实讲，我认为当前并不是买入BKLN的好机会。美国的济还在继续恶化，这只基金的市场价相对于净值的贴水幅度也不像前期那么大，不足以抵消经济下滑的风险。</p><p>美联储正致力于为美国的公司债市场保驾护航，其中也包括那些评级低到BB-的公司债，但其购债范围不包括杠杆贷款。当然了，美联储会提供流动性支持以确保美国企业能按时偿还贷款，但BKLN近期无望被美联储大口吃进。</p><p>更重要的是，对发行人自身来讲这些杠杆贷款的风险通常还算比较低的，因为杠杆贷款在发行人的资本构成中处于最高的层级。这就意味着一家上市公司在违约杠杆贷款之前通常会先违约普通股股权、优先股和公司债，话虽如此，但杠杆贷款仍无法在发行人的信用评级被调降的时候独善其身。下面研究一下BKLN来看看该基金能否扛得住当前的市场冲击。</p><p><b>BKLN持仓的杠杆贷款有相当高的降级风险</b></p><p>从整体上看，BKLN持仓的杠杆贷款中有相当大一部分的信用级别属于B大类评级中的低档，即这些杠杆贷款几乎均非投资级，其中很多属于投机程度很高的CCC级。具体的评级分布情况见下图：<img src=\"http://img.zhitongcaijing.com/images/contentformat/9757e9d0889ee161c30f57a4f950b3a7.jpg\">(Source: Invesco)<img src=\"https://img.zhitongcaijing.com/image/20200423/1587638602783339.png?x-oss-process=image/format,jpg/quality,Q_90\">最大的风险在于BKLN的持仓高度集中于B级杠杆贷款，在经济下行期间有很大的概率会被降级至B-甚至更低的级别。如果这些杠杆贷款的评级水平能维持在B大类的区间范围内，即使被降级也不会遇到太大的冲击，因为大多数B大类评级的杠杆贷款的收益率水平都差不多。但评级如果从\"CCC+\" 掉到\"CCC-\"就麻烦大了，有可能会引发价格大跌。以下是各评级的杠杆贷款的票息水平：<img src=\"http://img.zhitongcaijing.com/images/contentformat/0212274ff38011aeabc92bd87e28b514.jpg\">(Source:Invesco)</p><p>这些收益率基本上与美国垃圾债的平均收益率相符，下图显示各级别公司债的收益率水平在3月份大涨，其后略有回落。</p><p>图中蓝线为CCC级垃圾债的收益率，橙线为BBB级公司债的收益率，红线为BB级垃圾债的收益率，绿线为B级垃圾债的收益率<img src=\"http://img.zhitongcaijing.com/images/contentformat/0d09d59673945f066afff3e240f156d4.jpg\">Data by YCharts</p><p>很清楚的是，美国高收益债市场过高地期望美联储会向非投资级公司债市场提供流动性。但需要指出一点，美联储近期实际上只把价格因受卫生事件影响而下跌的投资级公司债作为购债目标。因此，很多高收益债级别的发行人不太可能享受到美联储的雨露滋润。</p><p><b>BKLN持仓的杠杆贷款的发行人财务状况堪忧</b></p><p>实话说，很多杠杆贷款发行人的财务状况很有可能会恶化。BKLN持仓的杠杆贷款的发行人中大多数境况还不错的上市公司最新的流动比率不到1，说明借新换旧的压力很大，且流动比率近年来总体上处于下行趋势。</p><p class=\"t-img-caption\"><img src=\"http://img.zhitongcaijing.com/images/contentformat/85e2a6a88a0ec5297dc4b53871c3d89d.jpg\"><span>Data by YCharts</span></p><p>此外，大多数发行人资产负债表上的杠杆率已远超以往，资产负债率大多在75%左右。有一些发行人的资产没多少，但负债率走高的趋势却颇值得警惕：</p><p class=\"t-img-caption\"><img src=\"http://img.zhitongcaijing.com/images/contentformat/764301d5f7fb9333fd456817143438a2.jpg\"><span>Data by YCharts</span></p><p>当然了，大多数人可能喜欢用“金融债务/息税摊销折旧前的利润”这个财务指标来说事，但这些公司没几个能赚钱的。实际上，大多数企业在卫生事件爆发之前就已经度日如年了，其毛利润率如下图所示：</p><p class=\"t-img-caption\"><img src=\"http://img.zhitongcaijing.com/images/contentformat/24cd4e3e7cd96e2baec918ef167da8d0.jpg\"><span>Data by YCharts</span></p><p>显然，BKLN持仓的杠杆贷款的发行人远不止以上几家公司，实际上发行人的数量通常会接近100家，但这几家公司代表的是非投资级发行人当前的总体状况。</p><p>过去十年里美国企业的负债总量有了相当大的增长，因为企业以各种路数给资产负债表加杠杆来谋求盈利最大化。大多数非投资级的美国公司将财务杠杆加得过高，在卫生事件爆发之前日子就已经很难过了。如今卫生事件催生了有可能长期持续下去的经济衰退，很多身陷困境的公司将走上不归路。</p><p><b>总结一下</b></p><p>BKLN基金的到期收益率为6.1%，在扣除管理费后相当于5.45%，但仍不足以弥补该基金本身自带的风险，除非投资者确信美国经济将出现V型反转。</p><p>虽然经济V型反转会看上去很美，但当前美国失业率有可能超过20%。更有甚之，在租住公寓的美国人中有近三分之一的人无法支付四月份的租金，五月份情况可能会变得更糟。很多企业已经永久性地关张或大概率地会这么做，失业率有可能长期处于高位。因此，非生活必需品的消费可能会陷入长期低迷，美国经济的增速会掉入负值区间。</p><p>因此现在并不是建仓风险资产的时机，尽管市场广泛认为存在“美联储看跌期权”。美联储真正要保护的是就业者和企业，而不是投资者。美联储通过增加货币供应量以达此目的，会点燃通胀加速增长的星星之火，而这实际上对投资者伤害最大。</p><p>BKLN基金在一定程度上可以对抗通胀，因其持仓的杠杆贷款是浮动利率计息的。但LIBOR有可能会因美联储将基准利率的水平保持在零而在远低于通胀率的位置上停留一段时间，因此BKLN基金对抗通胀的效果并不明显。总的来看，当前应该卖出BKLN。</p>","source":"scxtsdm","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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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现在是投资美国杠杆贷款市场的好时机吗？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-04-23 22:49 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/295538.html><strong>市川新田三丁目</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>要点投资者一般对杠杆贷款印象不错，因为杠杆贷款是浮动利率计息， 收益率通常会达到5%以上。Invesco公司管理的跟踪美国杠杆贷款市场走势的交易所交易基金BKLN近期大跌了25%，其后几乎收复了全部失地。BKLN持仓的很多杠杆贷款的发行人盈利能力差，负债水平高，且年内借新换旧的压力较大。尽管美联储出台了货币政策方面的刺激举措，BKLN持仓的很多杠杆贷款大概率地会被信用降级。在经历了极端的下跌行情后...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/295538.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img.zhitongcaijing.com/image/20200423/20200423184700_98018.png?x-oss-process=image/format,jpg/quality,Q_80","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SQQQ":"纳指三倍做空ETF","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF","DOG":"道指反向ETF","PSQ":"纳指反向ETF","SPY":"标普500ETF","QID":"纳指两倍做空ETF","UDOW":"道指三倍做多ETF-ProShares","DXD":"道指两倍做空ETF","IVV":"标普500指数ETF","SDOW":"道指三倍做空ETF-ProShares","QLD":"纳指两倍做多ETF","SDS":"两倍做空标普500ETF","TQQQ":"纳指三倍做多ETF","SH":"标普500反向ETF","QQQ":"纳指100ETF",".DJI":"道琼斯","SSO":"两倍做多标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"http://www.zhitongcaijing.com/content/detail/295538.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2029481860","content_text":"要点投资者一般对杠杆贷款印象不错，因为杠杆贷款是浮动利率计息， 收益率通常会达到5%以上。Invesco公司管理的跟踪美国杠杆贷款市场走势的交易所交易基金BKLN近期大跌了25%，其后几乎收复了全部失地。BKLN持仓的很多杠杆贷款的发行人盈利能力差，负债水平高，且年内借新换旧的压力较大。尽管美联储出台了货币政策方面的刺激举措，BKLN持仓的很多杠杆贷款大概率地会被信用降级。在经历了极端的下跌行情后，美国高收益债市场几乎重回历史高位。反弹很大程度上受益于美联储大力度的货币刺激。BKLN也经历了惊心动魄的大起大落。如下图所示，这只价格走势通常比较平稳的交易所交易基金在几乎完全收复失地之前最低曾跌去差不多25%，分红率相应地升至7%。Data by YCharts 图表信息来源：YChartsBKLN基金主要投资于信用评级低于投资级的浮动利率计息的杠杆贷款，其当前的利率水平相当于在LIBOR的基础上加4.9%，其到期收益率为6.1%，而LIBOR为1.2%。老实讲，我认为当前并不是买入BKLN的好机会。美国的济还在继续恶化，这只基金的市场价相对于净值的贴水幅度也不像前期那么大，不足以抵消经济下滑的风险。美联储正致力于为美国的公司债市场保驾护航，其中也包括那些评级低到BB-的公司债，但其购债范围不包括杠杆贷款。当然了，美联储会提供流动性支持以确保美国企业能按时偿还贷款，但BKLN近期无望被美联储大口吃进。更重要的是，对发行人自身来讲这些杠杆贷款的风险通常还算比较低的，因为杠杆贷款在发行人的资本构成中处于最高的层级。这就意味着一家上市公司在违约杠杆贷款之前通常会先违约普通股股权、优先股和公司债，话虽如此，但杠杆贷款仍无法在发行人的信用评级被调降的时候独善其身。下面研究一下BKLN来看看该基金能否扛得住当前的市场冲击。BKLN持仓的杠杆贷款有相当高的降级风险从整体上看，BKLN持仓的杠杆贷款中有相当大一部分的信用级别属于B大类评级中的低档，即这些杠杆贷款几乎均非投资级，其中很多属于投机程度很高的CCC级。具体的评级分布情况见下图：(Source: Invesco)最大的风险在于BKLN的持仓高度集中于B级杠杆贷款，在经济下行期间有很大的概率会被降级至B-甚至更低的级别。如果这些杠杆贷款的评级水平能维持在B大类的区间范围内，即使被降级也不会遇到太大的冲击，因为大多数B大类评级的杠杆贷款的收益率水平都差不多。但评级如果从\"CCC+\" 掉到\"CCC-\"就麻烦大了，有可能会引发价格大跌。以下是各评级的杠杆贷款的票息水平：(Source:Invesco)这些收益率基本上与美国垃圾债的平均收益率相符，下图显示各级别公司债的收益率水平在3月份大涨，其后略有回落。图中蓝线为CCC级垃圾债的收益率，橙线为BBB级公司债的收益率，红线为BB级垃圾债的收益率，绿线为B级垃圾债的收益率Data by YCharts很清楚的是，美国高收益债市场过高地期望美联储会向非投资级公司债市场提供流动性。但需要指出一点，美联储近期实际上只把价格因受卫生事件影响而下跌的投资级公司债作为购债目标。因此，很多高收益债级别的发行人不太可能享受到美联储的雨露滋润。BKLN持仓的杠杆贷款的发行人财务状况堪忧实话说，很多杠杆贷款发行人的财务状况很有可能会恶化。BKLN持仓的杠杆贷款的发行人中大多数境况还不错的上市公司最新的流动比率不到1，说明借新换旧的压力很大，且流动比率近年来总体上处于下行趋势。Data by YCharts此外，大多数发行人资产负债表上的杠杆率已远超以往，资产负债率大多在75%左右。有一些发行人的资产没多少，但负债率走高的趋势却颇值得警惕：Data by YCharts当然了，大多数人可能喜欢用“金融债务/息税摊销折旧前的利润”这个财务指标来说事，但这些公司没几个能赚钱的。实际上，大多数企业在卫生事件爆发之前就已经度日如年了，其毛利润率如下图所示：Data by YCharts显然，BKLN持仓的杠杆贷款的发行人远不止以上几家公司，实际上发行人的数量通常会接近100家，但这几家公司代表的是非投资级发行人当前的总体状况。过去十年里美国企业的负债总量有了相当大的增长，因为企业以各种路数给资产负债表加杠杆来谋求盈利最大化。大多数非投资级的美国公司将财务杠杆加得过高，在卫生事件爆发之前日子就已经很难过了。如今卫生事件催生了有可能长期持续下去的经济衰退，很多身陷困境的公司将走上不归路。总结一下BKLN基金的到期收益率为6.1%，在扣除管理费后相当于5.45%，但仍不足以弥补该基金本身自带的风险，除非投资者确信美国经济将出现V型反转。虽然经济V型反转会看上去很美，但当前美国失业率有可能超过20%。更有甚之，在租住公寓的美国人中有近三分之一的人无法支付四月份的租金，五月份情况可能会变得更糟。很多企业已经永久性地关张或大概率地会这么做，失业率有可能长期处于高位。因此，非生活必需品的消费可能会陷入长期低迷，美国经济的增速会掉入负值区间。因此现在并不是建仓风险资产的时机，尽管市场广泛认为存在“美联储看跌期权”。美联储真正要保护的是就业者和企业，而不是投资者。美联储通过增加货币供应量以达此目的，会点燃通胀加速增长的星星之火，而这实际上对投资者伤害最大。BKLN基金在一定程度上可以对抗通胀，因其持仓的杠杆贷款是浮动利率计息的。但LIBOR有可能会因美联储将基准利率的水平保持在零而在远低于通胀率的位置上停留一段时间，因此BKLN基金对抗通胀的效果并不明显。总的来看，当前应该卖出BKLN。","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273970496717032,"gmtCreate":1707925095321,"gmtModify":1707925096958,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273970496717032","repostId":"2411805617","repostType":4,"repost":{"id":"2411805617","pubTimestamp":1707780092,"share":"https://www.laohu8.com/m/news/2411805617?lang=&edition=full","pubTime":"2024-02-13 07:21","market":"other","language":"zh","title":"币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势","url":"https://stock-news.laohu8.com/highlight/detail?id=2411805617","media":"鉅亨网","summary":"由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。","content":"<p>由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。</p><p>根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68005d7ddf0a3a3be6425948d595553c\" tg-width=\"760\" tg-height=\"461\"></p><p>根据道琼市场数据，现货比特币 ETF 中，灰阶比特币信托 (GBTC-US) 周一上涨 5.6%，收于 44.86 美元；<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>的 <a href=\"https://laohu8.com/S/EEMA\">iShares</a> 比特币信托 (IBIT-US) 也上涨 5.6%，收于 28.66 美元；Fidelity Wise Origin 比特币基金 (FBTC-US) 上涨 5.7%，收在 44.02 美元；ARK 21Shares 比特币 ETF (ARKB-US) 收高 5.7% 至 50.31 美元。</p><p>比特币期货 ETF 周一也上涨。 ProShares 比特币策略 ETF (BITO-US) 上涨 5.7%，至 23.82 美元，Valkyrie 比特币和以太策略 ETF (BTF-US) 上涨 5.6%，至 15.61 美元。</p><p>同时，加密货币交易所 Coinbase (COIN-US) 收高 3.7%，至每股 147.31 美元；持有大量比特币的美国商业智慧软件公司 MicroStrategy (MSTR-US)　上涨 11%，收每股 717.52 美元。</p><p>加密矿商 Riot Platforms (RIOT-US) 上涨 9.4%，收每股 15.92 美元；同业 Marathon Digital Holdings (MARA-US) 收高 14.2% 至每股 27.28 美元。</p><p>区块链技术公司 Ebang International Holdings (EBON-US) 上涨 7.9% 至每股 11.11 美元。</p><h4 id=\"id_2308901301\">比特币上涨动力来源</h4><p>Fundstrat 数位资产策略主管 Sean Farrell 周一报告指出，最新的反弹似乎是由现货市场需求所推动，“此交易量很大一部分可能通过现货 ETF 进入市场，以追逐周末积极的价格走势。”</p><p>数位资产管理公司 3iQ 研究主管 Mark Connors 指出，规模最大的现货比特币 ETF 灰阶比特币信托资金流出速度一直在放缓，且竞争对手的比特币 ETF 的需求仍然强劲。他认为，在地缘政治不确定性的情况下，部分投资者也将比特币视为潜在避风港。</p><p>Kraken 战略主管 Thomas Perfumo 也表示：“2024 年全球地缘政治不稳定，在这样的环境中，全球将举行 60 多场重大选举。这推动资本流向比特币等高品质的价值储存资产。”</p><p>然而，相对于黄金等传统价值储存资产，比特币价格仍属高波动资产，多数人仍不认同其避险功能。</p><h4 id=\"id_3360140812\">展望未来</h4><p>Connors 目前预期比特币下阶段水准介于 6 万美元至 6.5 万美元，今年年底价格预计达到 16 万美元，到 2025 年下半年将达到 35 万美元。</p><p>Amberdata 衍生性商品总监 Greg Magadini 预计比特币市值本周将突破 1 兆美元。根据 CoinMarketCap 数据，周一比特币市值约为 9770 亿美元。</p>","source":"cnyes_highlight","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>币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势</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; 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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币市价格一度突破5万美元 2021年来首见 分析师探索动力 后续走势\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-13 07:21 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.cnyes.com/news/id/5451735?exp=a><strong>鉅亨网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。根据道琼市场数据，现货比特币 ETF 中，灰阶...</p>\n\n<a href=\"https://news.cnyes.com/news/id/5451735?exp=a\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cimg.cnyes.cool/prod/news/5451735/xs/be8a017372ca842be3170ac38dc41532.jpg","relate_stocks":{"BK4595":"比特币概念","CAN":"嘉楠科技","BTF":"Valkyrie Bitcoin Strategy ETF","BK4535":"淡马锡持仓","ARKB":"ARK 21Shares Bitcoin ETF","BK4588":"碎股","BK4526":"热门中概股","BITB":"Bitwise Bitcoin ETF","RIOT":"Riot Platforms","BK4551":"寇图资本持仓","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","GBTC":"Grayscale Bitcoin Trust","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BITO":"ProShares Bitcoin Strategy ETF ","DEFI":"Hashdex Bitcoin ETF","COIN":"Coinbase Global, Inc.","HODL":"VanEck Bitcoin Trust ETF","BK4112":"金融交易所和数据","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念","BK4539":"次新股","BK4023":"应用软件","EBON":"亿邦国际","IBIT":"iShares Bitcoin Trust","BK4554":"元宇宙及AR概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BTCO":"Invesco Galaxy Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","EZBC":"Franklin Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","MARA":"Marathon Digital Holdings Inc","BK4594":"比特币ETF概念"},"source_url":"https://news.cnyes.com/news/id/5451735?exp=a","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2411805617","content_text":"由于市场对现货比特币 ETF 的需求仍然强劲，周一 (12 日) 比特币交易价格自 2021 年 12 月以来首次短暂突破 5 万美元。根据 CoinDesk 的数据，比特币在 2023 年涨逾 150% 之后，过去 7 天内上涨 13%，今年迄今涨幅达 11%。然而，比特币仍较 2021 年 11 月触及的历史高点 68990 美元下跌约 28%。根据道琼市场数据，现货比特币 ETF 中，灰阶比特币信托 (GBTC-US) 周一上涨 5.6%，收于 44.86 美元；贝莱德的 iShares 比特币信托 (IBIT-US) 也上涨 5.6%，收于 28.66 美元；Fidelity Wise Origin 比特币基金 (FBTC-US) 上涨 5.7%，收在 44.02 美元；ARK 21Shares 比特币 ETF (ARKB-US) 收高 5.7% 至 50.31 美元。比特币期货 ETF 周一也上涨。 ProShares 比特币策略 ETF (BITO-US) 上涨 5.7%，至 23.82 美元，Valkyrie 比特币和以太策略 ETF (BTF-US) 上涨 5.6%，至 15.61 美元。同时，加密货币交易所 Coinbase (COIN-US) 收高 3.7%，至每股 147.31 美元；持有大量比特币的美国商业智慧软件公司 MicroStrategy (MSTR-US)　上涨 11%，收每股 717.52 美元。加密矿商 Riot Platforms (RIOT-US) 上涨 9.4%，收每股 15.92 美元；同业 Marathon Digital Holdings (MARA-US) 收高 14.2% 至每股 27.28 美元。区块链技术公司 Ebang International Holdings (EBON-US) 上涨 7.9% 至每股 11.11 美元。比特币上涨动力来源Fundstrat 数位资产策略主管 Sean Farrell 周一报告指出，最新的反弹似乎是由现货市场需求所推动，“此交易量很大一部分可能通过现货 ETF 进入市场，以追逐周末积极的价格走势。”数位资产管理公司 3iQ 研究主管 Mark Connors 指出，规模最大的现货比特币 ETF 灰阶比特币信托资金流出速度一直在放缓，且竞争对手的比特币 ETF 的需求仍然强劲。他认为，在地缘政治不确定性的情况下，部分投资者也将比特币视为潜在避风港。Kraken 战略主管 Thomas Perfumo 也表示：“2024 年全球地缘政治不稳定，在这样的环境中，全球将举行 60 多场重大选举。这推动资本流向比特币等高品质的价值储存资产。”然而，相对于黄金等传统价值储存资产，比特币价格仍属高波动资产，多数人仍不认同其避险功能。展望未来Connors 目前预期比特币下阶段水准介于 6 万美元至 6.5 万美元，今年年底价格预计达到 16 万美元，到 2025 年下半年将达到 35 万美元。Amberdata 衍生性商品总监 Greg Magadini 预计比特币市值本周将突破 1 兆美元。根据 CoinMarketCap 数据，周一比特币市值约为 9770 亿美元。","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":273428365004984,"gmtCreate":1707759456106,"gmtModify":1707759457419,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/273428365004984","repostId":"2410899861","repostType":2,"repost":{"id":"2410899861","weMediaInfo":{"introduction":"科技商业观察家。微创新提出者。","home_visible":1,"media_name":"金错刀","id":"1023100042","head_image":"https://static.tigerbbs.com/bd95e24719f249c0bbc96822817a73e4"},"pubTimestamp":1707540840,"share":"https://www.laohu8.com/m/news/2410899861?lang=&edition=full","pubTime":"2024-02-10 12:54","market":"hk","language":"zh","title":"江西首富扩产，一年净赚超65亿","url":"https://stock-news.laohu8.com/highlight/detail?id=2410899861","media":"金错刀","summary":"1月底，组件龙头晶科能源预告，2023年扣非净利超65.5亿元，同比增长在150%左右。总部位于江西上饶的晶科能源，由李仙德兄弟控制。“N型TOPCon产品供不应求，2023年的订单已超额覆盖本年出货目标。”2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。2023年上半年，晶科能源的境外销售收入占比超过60%。李仙德表态称，必须做好充分的周期准备。2023年上半年，两家公司有两笔关联交易，均不超过1亿元。","content":"<html><body><div><p><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/154f382e92e347a5839957d46f3d3e76\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><img src=\"https://static.tigerbbs.com/6b4538a76a2a4c87b96c48114b93b0bb\"/></p><p><img arial=\"\" auto=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" none=\"\" rgba=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/c8dc625be15b4a499587b2e1421c793c\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><span><span>晶科在行业红利期押注，经营有方，成就高光业绩。</span></span></p><p><span><span>但现在已经进入行业逆风期，产能淘汰远超预期。</span></span></p><p><span><span>既不能高估一两年的动荡，也不能低估未来十年的变化。</span></span></p><p><span><span>全球化运营、一体化加深的<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>在危机并存的竞争中放手一搏。</span></span></p><p><span><span arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\">作者 |</span> 覃毅</span></p><p><span>来源 | 21世纪商业评论（</span><span><span>ID：</span><span>weixin21cbr</span></span><span>）</span></p><p><span>金错刀（ijincuodao）授权转载</span></p><p><span>光伏行情波动，江西首富押注N型电池，大赚一笔。</span></p><p><span>1月底，组件龙头<a href=\"https://laohu8.com/S/688223\">晶科能源</a>预告，</span><span>2023年扣非净利超65.5亿元，同比增长在150%左右。</span></p><p><span>原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。</span></p><p><span>“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。</span></p><p><span>总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司<a href=\"https://laohu8.com/S/601778\">晶科科技</a>，也在其治下。</span></p><p><span>按照2月8日的行情，两家公司的市值合计超940亿元。</span></p><p><img src=\"https://static.tigerbbs.com/20ae4286011347a2a478b07c068ee904\"/></p><p><span>根据《2023新财富500富人榜》，</span><span>李仙德家族以353亿的财富，登顶江西首富。</span></p><p><span>李仙德经营有方，然而高光业绩背后，也暗藏隐忧。</span></p><p><span><img src=\"https://static.tigerbbs.com/4fc7bb817595460e989fe8a66d2ce951\"/></span></p><p><span><strong><span>技术红利</span></strong></span></p><p><span>李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。</span></p><p><span>2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。</span></p><p><span>据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。</span></p><p><img src=\"https://static.tigerbbs.com/c0270e923012471fbd872f9823078480\"/></p><p><span>在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。</span></p><p><span>“N型TOPCon产品供不应求，</span><span>2023年的订单已超额覆盖本年出货目标</span><span>。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。</span></p><p><span>由于产品结构的变化，晶科的利润表现持续向好。</span></p><p><span>2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。</span></p><p><img src=\"https://static.tigerbbs.com/036838b2e1de4b7f856acc5f0cf01c23\"/></p><p><span>行业分析认为，主要有两个因素：</span></p><p><span>其一，N型产品逐渐成为市场认可的主流产品。</span></p><p><span>据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。</span></p><p><span>其二，李仙德的N型产品，</span><span>抢占了技术迭代的红利。</span></p><p><span>“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。</span></p><p><span>公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。</span></p><p><span><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" inline=\"\" left=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/da4d66ae76364ffd85a40bae4fd04127\" ui=\"\" visible=\"\" yahei=\"\"/></span></p><p><span><strong><span>大举扩产</span></strong></span></p><p><span>投身光伏行业数十载，李仙德不是冒进派。</span></p><p><span>据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。</span></p><p><span>后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。</span></p><p><img src=\"https://static.tigerbbs.com/7bc2aeaa533f4a8581c5ad78c0dffbbb\"/></p><p><span>稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。</span></p><p><span>同时，他也布局全球化，</span><span>目前拥有14个全球化生产基地</span><span>。2023年上半年，晶科能源的境外销售收入占比超过60%。</span></p><p><span>显然，李仙德也有野心，曾直言“要搞点大的”。</span></p><p><img src=\"https://static.tigerbbs.com/a667f5a1a5934d5f8e567bec66c7a721\"/></p><p><span>基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。</span></p><p><span>2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。</span></p><p><span>当年5月，晶科能源发行可转换债券，</span><span>募资100亿元，补充弹药扩产。</span></p><p><span>眼下，李仙德遭遇行业逆风。</span></p><p><span>据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 </span></p><p><span>行业预计，2024年N型产能会进入过剩阶段。</span></p><p><span>“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。</span></p><p><span>“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。</span></p><p><img src=\"https://static.tigerbbs.com/a0e6e04b219e457cb942b858385e7c7e\"/></p><p><span><strong><span>产能优势</span></strong></span></p><p><span>“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。</span></p><p><span>他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。</span></p><p><span>李仙德积极布局产业链上下游，</span><span>旗下专注光伏电站运营的晶科科技已上市</span><span>，在装机应用一侧拓宽出路。</span></p><p><img src=\"https://static.tigerbbs.com/956bd39facac4742942d827471d0d8e6\"/></p><p><span>两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。</span></p><p><span>晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。</span></p><p><span>2023年上半年，两家公司有两笔关联交易，均不超过1亿元。</span></p><p><img src=\"https://static.tigerbbs.com/c561ffc9c8b54132a45d5bef2f9bd93d\"/></p><p><span>“一体化的产能布局，有利于增强各环节抗风险能力。”</span><span>李仙德认为。</span></p><p><span>加之，全球化运营持续纵深。</span></p><p><span>如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。</span></p><p><span>晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、<a href=\"https://laohu8.com/S/KEP\">韩国电力</a>公司（KEPCO）、法国<a href=\"https://laohu8.com/S/TTE\">道达尔</a>（Total）、<a href=\"https://laohu8.com/S/02380\">中国电力</a>国际等多家机构合作。</span></p><p><span>“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。</span></p><p><span>机遇和风险并存，他眼下的选择是放手一搏。</span></p><p arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" right=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><span><em><span>图片来源于网络，侵权请联系删除</span></em></span><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em></span></p><p arial=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><strong>@The End</strong></span></p><p><span><span><img src=\"https://static.tigerbbs.com/dacc6aa24b4a4c4fa9ed8c6b0ef2bc52\"/></span></span><span><span><img src=\"https://static.tigerbbs.com/1dd88e0d4ba84aac91136c0cbcb6c064\"/></span></span></p><p><span><span><img src=\"https://static.tigerbbs.com/f5e13c3bed8f453e97a7ce721db4e3a9\"/></span></span></p><p><img src=\"https://static.tigerbbs.com/edf347399c80403583ed53ac377e4168\"/></p><p><span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">点个</span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">在看 </span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">不错过刀哥辣评</span></span><img src=\"https://static.tigerbbs.com/5dfc6288376a4bad94ab019d3c5a1a28\"/></p></div></body></html>","source":"weixin_highlight","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>江西首富扩产，一年净赚超65亿</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江西首富扩产，一年净赚超65亿\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1023100042\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/bd95e24719f249c0bbc96822817a73e4);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金错刀 </p>\n<p class=\"h-time\">2024-02-10 12:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><div><p><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/154f382e92e347a5839957d46f3d3e76\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><img src=\"https://static.tigerbbs.com/6b4538a76a2a4c87b96c48114b93b0bb\"/></p><p><img arial=\"\" auto=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" none=\"\" rgba=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/c8dc625be15b4a499587b2e1421c793c\" ui=\"\" visible=\"\" yahei=\"\"/></p><p><span><span>晶科在行业红利期押注，经营有方，成就高光业绩。</span></span></p><p><span><span>但现在已经进入行业逆风期，产能淘汰远超预期。</span></span></p><p><span><span>既不能高估一两年的动荡，也不能低估未来十年的变化。</span></span></p><p><span><span>全球化运营、一体化加深的<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>在危机并存的竞争中放手一搏。</span></span></p><p><span><span arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\">作者 |</span> 覃毅</span></p><p><span>来源 | 21世纪商业评论（</span><span><span>ID：</span><span>weixin21cbr</span></span><span>）</span></p><p><span>金错刀（ijincuodao）授权转载</span></p><p><span>光伏行情波动，江西首富押注N型电池，大赚一笔。</span></p><p><span>1月底，组件龙头<a href=\"https://laohu8.com/S/688223\">晶科能源</a>预告，</span><span>2023年扣非净利超65.5亿元，同比增长在150%左右。</span></p><p><span>原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。</span></p><p><span>“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。</span></p><p><span>总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司<a href=\"https://laohu8.com/S/601778\">晶科科技</a>，也在其治下。</span></p><p><span>按照2月8日的行情，两家公司的市值合计超940亿元。</span></p><p><img src=\"https://static.tigerbbs.com/20ae4286011347a2a478b07c068ee904\"/></p><p><span>根据《2023新财富500富人榜》，</span><span>李仙德家族以353亿的财富，登顶江西首富。</span></p><p><span>李仙德经营有方，然而高光业绩背后，也暗藏隐忧。</span></p><p><span><img src=\"https://static.tigerbbs.com/4fc7bb817595460e989fe8a66d2ce951\"/></span></p><p><span><strong><span>技术红利</span></strong></span></p><p><span>李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。</span></p><p><span>2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。</span></p><p><span>据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。</span></p><p><img src=\"https://static.tigerbbs.com/c0270e923012471fbd872f9823078480\"/></p><p><span>在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。</span></p><p><span>“N型TOPCon产品供不应求，</span><span>2023年的订单已超额覆盖本年出货目标</span><span>。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。</span></p><p><span>由于产品结构的变化，晶科的利润表现持续向好。</span></p><p><span>2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。</span></p><p><img src=\"https://static.tigerbbs.com/036838b2e1de4b7f856acc5f0cf01c23\"/></p><p><span>行业分析认为，主要有两个因素：</span></p><p><span>其一，N型产品逐渐成为市场认可的主流产品。</span></p><p><span>据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。</span></p><p><span>其二，李仙德的N型产品，</span><span>抢占了技术迭代的红利。</span></p><p><span>“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。</span></p><p><span>公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。</span></p><p><span><img arial=\"\" auto=\"\" gb=\"\" helvetica=\"\" inline=\"\" left=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" src=\"https://static.tigerbbs.com/da4d66ae76364ffd85a40bae4fd04127\" ui=\"\" visible=\"\" yahei=\"\"/></span></p><p><span><strong><span>大举扩产</span></strong></span></p><p><span>投身光伏行业数十载，李仙德不是冒进派。</span></p><p><span>据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。</span></p><p><span>后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。</span></p><p><img src=\"https://static.tigerbbs.com/7bc2aeaa533f4a8581c5ad78c0dffbbb\"/></p><p><span>稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。</span></p><p><span>同时，他也布局全球化，</span><span>目前拥有14个全球化生产基地</span><span>。2023年上半年，晶科能源的境外销售收入占比超过60%。</span></p><p><span>显然，李仙德也有野心，曾直言“要搞点大的”。</span></p><p><img src=\"https://static.tigerbbs.com/a667f5a1a5934d5f8e567bec66c7a721\"/></p><p><span>基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。</span></p><p><span>2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。</span></p><p><span>当年5月，晶科能源发行可转换债券，</span><span>募资100亿元，补充弹药扩产。</span></p><p><span>眼下，李仙德遭遇行业逆风。</span></p><p><span>据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 </span></p><p><span>行业预计，2024年N型产能会进入过剩阶段。</span></p><p><span>“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。</span></p><p><span>“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。</span></p><p><img src=\"https://static.tigerbbs.com/a0e6e04b219e457cb942b858385e7c7e\"/></p><p><span><strong><span>产能优势</span></strong></span></p><p><span>“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。</span></p><p><span>他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。</span></p><p><span>李仙德积极布局产业链上下游，</span><span>旗下专注光伏电站运营的晶科科技已上市</span><span>，在装机应用一侧拓宽出路。</span></p><p><img src=\"https://static.tigerbbs.com/956bd39facac4742942d827471d0d8e6\"/></p><p><span>两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。</span></p><p><span>晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。</span></p><p><span>2023年上半年，两家公司有两笔关联交易，均不超过1亿元。</span></p><p><img src=\"https://static.tigerbbs.com/c561ffc9c8b54132a45d5bef2f9bd93d\"/></p><p><span>“一体化的产能布局，有利于增强各环节抗风险能力。”</span><span>李仙德认为。</span></p><p><span>加之，全球化运营持续纵深。</span></p><p><span>如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。</span></p><p><span>晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、<a href=\"https://laohu8.com/S/KEP\">韩国电力</a>公司（KEPCO）、法国<a href=\"https://laohu8.com/S/TTE\">道达尔</a>（Total）、<a href=\"https://laohu8.com/S/02380\">中国电力</a>国际等多家机构合作。</span></p><p><span>“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。</span></p><p><span>机遇和风险并存，他眼下的选择是放手一搏。</span></p><p arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" rgb=\"\" right=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><span><em><span>图片来源于网络，侵权请联系删除</span></em></span><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em><em arial=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"></em></span></p><p arial=\"\" center=\"\" gb=\"\" helvetica=\"\" neue=\"\" sans=\"\" sans-serif=\"\" sc=\"\" ui=\"\" yahei=\"\"><span><strong>@The End</strong></span></p><p><span><span><img src=\"https://static.tigerbbs.com/dacc6aa24b4a4c4fa9ed8c6b0ef2bc52\"/></span></span><span><span><img src=\"https://static.tigerbbs.com/1dd88e0d4ba84aac91136c0cbcb6c064\"/></span></span></p><p><span><span><img src=\"https://static.tigerbbs.com/f5e13c3bed8f453e97a7ce721db4e3a9\"/></span></span></p><p><img src=\"https://static.tigerbbs.com/edf347399c80403583ed53ac377e4168\"/></p><p><span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">点个</span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">在看 </span><span arial=\"\" bold=\"\" gb=\"\" helvetica=\"\" left=\"\" neue=\"\" rgb=\"\" sans=\"\" sans-serif=\"\" yahei=\"\">不错过刀哥辣评</span></span><img src=\"https://static.tigerbbs.com/5dfc6288376a4bad94ab019d3c5a1a28\"/></p></div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EDF":"Stone Harbor Emerging Markets In","BK4526":"热门中概股","BK4588":"碎股","BK4141":"半导体产品","JKS":"晶科能源","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念"},"source_url":"http://mp.weixin.qq.com/s?__biz=MzUzNDY0NzQwMQ==&mid=2247990431&idx=2&sn=29430d3857da0018e3a56380863396d1&chksm=fa98bb99cdef328f4e2be0be8fcf52101e94f2be11856f2312c6b0da557f7814c9c6bf8ef448#rd","is_english":false,"share_image_url":"https://static.laohu8.com/ecd74548980bc5b366aa8f4b37ed0bd5","article_id":"2410899861","content_text":"晶科在行业红利期押注，经营有方，成就高光业绩。但现在已经进入行业逆风期，产能淘汰远超预期。既不能高估一两年的动荡，也不能低估未来十年的变化。全球化运营、一体化加深的晶科能源在危机并存的竞争中放手一搏。作者 | 覃毅来源 | 21世纪商业评论（ID：weixin21cbr）金错刀（ijincuodao）授权转载光伏行情波动，江西首富押注N型电池，大赚一笔。1月底，组件龙头晶科能源预告，2023年扣非净利超65.5亿元，同比增长在150%左右。原因是光伏装机总量稳步增加，公司N型组件产品出货快速放量。“短期内，高效的先进N型产能不存在绝对过剩。”晶科能源投资者关系部门向《21CBR》记者表示。总部位于江西上饶的晶科能源，由李仙德兄弟控制。另一家做电站运营的上市公司晶科科技，也在其治下。按照2月8日的行情，两家公司的市值合计超940亿元。根据《2023新财富500富人榜》，李仙德家族以353亿的财富，登顶江西首富。李仙德经营有方，然而高光业绩背后，也暗藏隐忧。技术红利李仙德成立晶科能源之初，做的是硅料生意，后来向下游发展，打造了硅片、电池、组件等垂直一体化产能。2022年至2023年，晶科N型电池及组件产品快速放量，成为业绩增长的关键。据披露，截至2023年第三季度末，公司所有产品的总出货量为55.7GW，其中组件出货量52.2GW，N型组件占比一半以上。在李仙德的积极筹划下，2023年N型组件提产放量，量产平均效率达25.6%，实现与P型组件一体化成本持平。“N型TOPCon产品供不应求，2023年的订单已超额覆盖本年出货目标。”李仙德在投资者交流会上表示，N型产品拥有更优性能和降本潜力，市场渗透率在提升。由于产品结构的变化，晶科的利润表现持续向好。2023年前三个季度，对应扣非净利润分别为12.21亿元、23.15亿元、25.11亿元，依次增长。行业分析认为，主要有两个因素：其一，N型产品逐渐成为市场认可的主流产品。据CPIA统计，2023年，国内大项目招标，N型占比要求达30%以上，SNEC光伏展会期间发布的N型组件产品占比超90%。其二，李仙德的N型产品，抢占了技术迭代的红利。“搭建行业最大规模TOPCon产能，通过持续导入并率先获得规模效应，公司相对同业拥有了半年左右的领先优势。”晶科能源相关人士向《21CBR》记者解释。公司预计，去年全年出货量冲刺75GW，其中N型产品年出货量超50GW。大举扩产投身光伏行业数十载，李仙德不是冒进派。据说，他最初受大哥李仙寿启发创业，在行业迅速崛起时，没有跟随大哥四处收购扩张。后来，李仙德跟二哥李仙华联手，捧出光伏巨头晶科能源。稳健不等于不作为，李仙德控盘的晶科系，在业内率先建立了从硅料加工到硅片、电池片、组件生产及电站运营的垂直一体化产业链。同时，他也布局全球化，目前拥有14个全球化生产基地。2023年上半年，晶科能源的境外销售收入占比超过60%。显然，李仙德也有野心，曾直言“要搞点大的”。基于技术带动降本的想法，2021-2022年，李仙德大手笔砸向研发，累计投入超过70亿元，目标是N型高效电池及组件的落地量产。2023年一季度末，公司账上只剩176亿元资金，尚有不少项目存在资金缺口，风险陡增。当年5月，晶科能源发行可转换债券，募资100亿元，补充弹药扩产。眼下，李仙德遭遇行业逆风。据2023年业绩预告，晶科能源第四季度扣非净利约为5-12亿元，环比大幅下降超五成，明显下滑。 行业预计，2024年N型产能会进入过剩阶段。“产能淘汰可能会比大家想象中更快。”李仙德表态称，必须做好充分的周期准备。“N型产能供应仍相对紧缺”，晶科能源向《21CBR》记者表示，从需求端看，光伏装机总体需求增速稳定，叠加N型渗透率提升。产能优势“不要高估了一两年的动荡，而低估了未来十年的变化。”李仙德不在意行业的短期波动。他认为，晶科系的核心竞争力在于N型TOPCon领域、全球化运营，以及一体化产能等方面的优势。李仙德积极布局产业链上下游，旗下专注光伏电站运营的晶科科技已上市，在装机应用一侧拓宽出路。两家晶科系上市公司拥有较多业务协同空间，比如，晶科能源投建光伏电站项目及储能项目，会优先晶科科技的采购。晶科科技承认，光伏组件的采购成本占电站投资的比重较大，但承诺每年向晶科能源采购组件的金额，占公司同类采购总额的比例不超过10%。2023年上半年，两家公司有两笔关联交易，均不超过1亿元。“一体化的产能布局，有利于增强各环节抗风险能力。”李仙德认为。加之，全球化运营持续纵深。如晶科能源，在紧盯中美欧等主要光伏市场的同时，也积极布局东南亚、拉美及中东地区等新兴市场。晶科科技也与法国电力集团（EDF）、阿布扎比未来能源公司（Masdar）、韩国电力公司（KEPCO）、法国道达尔（Total）、中国电力国际等多家机构合作。“光伏从周期性变成市场化行业，会进入到一个激烈竞争的阶段。”李仙德说。机遇和风险并存，他眼下的选择是放手一搏。图片来源于网络，侵权请联系删除@The End点个在看 不错过刀哥辣评","news_type":1},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271806994964592,"gmtCreate":1707410888797,"gmtModify":1707410889998,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271806994964592","repostId":"2409403557","repostType":2,"repost":{"id":"2409403557","pubTimestamp":1707222832,"share":"https://www.laohu8.com/m/news/2409403557?lang=&edition=full","pubTime":"2024-02-06 20:33","market":"hk","language":"en","title":"Is United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?","url":"https://stock-news.laohu8.com/highlight/detail?id=2409403557","media":"Simply Wall St.","summary":"Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...","content":"<html><body><div><p> Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to examine United Airlines Holdings, Inc. (NASDAQ:UAL), by way of a worked example.  </p><p> Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital.  In simpler terms, it measures the profitability of a company in relation to shareholder's equity. </p><p><span> Check out our latest analysis for United Airlines Holdings </span></p><h2> How To Calculate Return On Equity? </h2><p> <strong>Return on equity can be calculated by using the formula:</strong> </p><p> Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity </p><p>So, based on the above formula, the ROE for United Airlines Holdings is:</p><p>28% = US$2.6b ÷ US$9.3b (Based on the trailing twelve months to December 2023).</p><p> The 'return' is the income the business earned over the last year.  Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit. </p> <h2> Does United Airlines Holdings Have A Good Return On Equity? </h2><p> By comparing a company's ROE with its industry average, we can get a quick measure of how good it is.  Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification.   Pleasingly, United Airlines Holdings has a superior ROE than the average (13%) in the Airlines industry. </p><figure><img height=\"316\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/309845-roe-1-dark/1707222831164\" width=\"333\"/><figcaption>NasdaqGS:UAL Return on Equity February 6th 2024</figcaption></figure><p> That's what we like to see.    However, bear in mind that a high ROE doesn’t necessarily indicate efficient profit generation.  A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .   You can see the 2 risks we have identified for United Airlines Holdings by visiting our <b>risks dashboard</b> for free  on our platform here. </p><h2> The Importance Of Debt To Return On Equity </h2><p> Virtually all companies need money to invest in the business, to grow profits.  The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing.  In the first and second cases, the ROE will reflect this use of cash for investment in the business.  In the latter case, the debt used for growth will improve returns, but won't affect the total equity.  That will make the ROE look better than if no debt was used. </p><h2> Combining United Airlines Holdings' Debt And Its 28% Return On Equity </h2><p> We think United Airlines Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 3.37.   So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.    </p> <h2> Summary  </h2> <p> Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders.  Companies that can achieve high returns on equity without too much debt are generally of good quality.  If two companies have the same ROE, then I would generally prefer the one with less debt. </p><p> But when a business is high quality, the market often bids it up to a price that reflects this.  Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider.   So I think it may be worth checking this <strong>free</strong> report on analyst forecasts for the company. </p><p> But note: <strong>United Airlines Holdings may not be the best stock to buy</strong>. So take a peek at this <strong>free</strong> list of interesting companies with high ROE and low debt. </p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether United Airlines Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p></div></body></html>","source":"simplywall_highlight","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>Is United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?</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\">\nIs United Airlines Holdings, Inc. (NASDAQ:UAL) A High Quality Stock To Own?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 20:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to...</p>\n\n<a href=\"https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/3221000-choice2-main-header/1585186666788","relate_stocks":{"BK4585":"ETF&股票定投概念","UAL":"联合大陆航空","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF","NDAQ":"纳斯达克OMX交易所","ROE":"ASTORIA US QUALITY KINGS ETF","BK4588":"碎股","BK4500":"航空公司","QID":"纳指两倍做空ETF","BK4112":"金融交易所和数据","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","QLD":"纳指两倍做多ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","BK4008":"航空公司"},"source_url":"https://simplywall.st/stocks/us/transportation/nasdaq-ual/united-airlines-holdings/news/is-united-airlines-holdings-inc-nasdaqual-a-high-quality-sto","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409403557","content_text":"Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE).  We'll use ROE to examine United Airlines Holdings, Inc. (NASDAQ:UAL), by way of a worked example.   Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital.  In simpler terms, it measures the profitability of a company in relation to shareholder's equity.  Check out our latest analysis for United Airlines Holdings  How To Calculate Return On Equity?  Return on equity can be calculated by using the formula:  Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for United Airlines Holdings is:28% = US$2.6b ÷ US$9.3b (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year.  Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit.   Does United Airlines Holdings Have A Good Return On Equity?  By comparing a company's ROE with its industry average, we can get a quick measure of how good it is.  Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification.   Pleasingly, United Airlines Holdings has a superior ROE than the average (13%) in the Airlines industry. NasdaqGS:UAL Return on Equity February 6th 2024 That's what we like to see.    However, bear in mind that a high ROE doesn’t necessarily indicate efficient profit generation.  A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .   You can see the 2 risks we have identified for United Airlines Holdings by visiting our risks dashboard for free  on our platform here.  The Importance Of Debt To Return On Equity  Virtually all companies need money to invest in the business, to grow profits.  The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing.  In the first and second cases, the ROE will reflect this use of cash for investment in the business.  In the latter case, the debt used for growth will improve returns, but won't affect the total equity.  That will make the ROE look better than if no debt was used.  Combining United Airlines Holdings' Debt And Its 28% Return On Equity  We think United Airlines Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 3.37.   So although the company has an impressive ROE, the company might not have been able to achieve this without the significant use of debt.      Summary    Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders.  Companies that can achieve high returns on equity without too much debt are generally of good quality.  If two companies have the same ROE, then I would generally prefer the one with less debt.  But when a business is high quality, the market often bids it up to a price that reflects this.  Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider.   So I think it may be worth checking this free report on analyst forecasts for the company.  But note: United Airlines Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. Valuation is complex, but we're helping make it simple.Find out whether United Airlines Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271479438143584,"gmtCreate":1707316989352,"gmtModify":1707316990574,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271479438143584","repostId":"2409404075","repostType":2,"repost":{"id":"2409404075","pubTimestamp":1707230983,"share":"https://www.laohu8.com/m/news/2409404075?lang=&edition=full","pubTime":"2024-02-06 22:49","market":"us","language":"en","title":"Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project","url":"https://stock-news.laohu8.com/highlight/detail?id=2409404075","media":"seekingalpha","summary":"Canadian Solar  +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services  as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","content":"<html><body><p>Canadian Solar (<span>NASDAQ:CSIQ</span>) <span>+0.5%</span> in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana.</p> <p>Microsoft said it will purchase 100% of the energy and renewable energy<span> credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030.</span></p> <p>Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024.</p> <p>Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.</p> <div> <h2>More on Canadian Solar</h2> <ul> <li>Canadian Solar: From China With Modules</li> <li>Canadian Solar: Too Cheap To Ignore</li> <li>Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains</li> </ul> </div></body></html>","source":"seekingalpha","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>Canadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project</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; 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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\">\nCanadian Solar gets $160M financing, wins Microsoft as customer, for Louisiana project\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 22:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canadian Solar (NASDAQ:CSIQ) +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1342257053/image_1342257053.jpg","relate_stocks":{"BK4576":"AR","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4525":"远程办公概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","CSIQ":"阿特斯太阳能","BK4577":"网络游戏","PRIM":"Primoris Services Corporation","BK4527":"明星科技股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4579":"人工智能","BK4526":"热门中概股","BK4588":"碎股","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4503":"景林资产持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","MSFT":"微软","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4528":"SaaS概念","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4592":"伊斯兰概念","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4532":"文艺复兴科技持仓","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4534":"瑞士信贷持仓"},"source_url":"https://seekingalpha.com/news/4063165-canadian-solar-gets-160m-financing-wins-microsoft-as-customer-for-louisiana-project","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2409404075","content_text":"Canadian Solar (NASDAQ:CSIQ) +0.5% in early trading Tuesday as its Recurrent Energy subsidiary said it has secured $160M in project financing for its 127 MW Bayou Galion Solar project in Louisiana. Microsoft said it will purchase 100% of the energy and renewable energy credits produced by Bayou Galion Solar to support its goal to be carbon negative by 2030. Recurrent Energy began construction of Bayou Galion Solar in December and selected Primoris Services (PRIM) as its engineering, procurement and construction partner; the project is expected to be operational by fall 2024. Louisiana had 145 MW of operating wind, solar and energy storage capacity as of the end of September 2023, and the project will significantly expand the amount of installed renewable energy capacity.  More on Canadian Solar  Canadian Solar: From China With Modules Canadian Solar: Too Cheap To Ignore Canadian Solar: Q3 Earnings Highlight Prospects For Future Margin Gains","news_type":1},"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":271151792705744,"gmtCreate":1707236931531,"gmtModify":1707236932709,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/271151792705744","repostId":"2409405161","repostType":2,"repost":{"id":"2409405161","pubTimestamp":1707226500,"share":"https://www.laohu8.com/m/news/2409405161?lang=&edition=full","pubTime":"2024-02-06 21:35","market":"us","language":"en","title":"Enjoy Monthly Income From 2 Top-Notch Opportunities","url":"https://stock-news.laohu8.com/highlight/detail?id=2409405161","media":"seekingalpha","summary":"When was the last time you cried tears of joy?","content":"<html><body><ul><li>When was the last time you cried tears of joy?</li><li>I am incredibly grateful for all the dividends pouring into my account.</li><li>Retirement is easier when someone else is paying for it. Let the market do its part.</li></ul><p><figure><picture><img loading=\"lazy\" src=\"https://media.gettyimages.com/id/1437960410/photo/powerful-marathon-finish-line-celebration-moment.jpg?b=1&amp;s=170667a&amp;w=0&amp;k=20&amp;c=vmqR50KHuOnMRfpM9b-Xo8PbrisZo5P0pPMHb21RtwY=\"/></picture><figcaption><p>Ben Garvin/DigitalVision via Getty Images</p></figcaption></figure></p> <p><em>Co-authored by Treading Softly</em></p> <p>I've never been one to be known as highly emotional. Though I am surrounded by individuals in my life who are. My one daughter, for example, has every emotion at a ten, all the time. She's either<span> 10 out of 10 happy, 10 out of 10 sad, or 10 out of 10 angry. Because of this, she is extremely attuned to the emotional impacts of various media. It is not uncommon to find her listening to beautiful music or emotionally charged music and crying either because of the sadness contained in the song or because of the extreme joy contained within that song. She frequently has what she calls \"happy tears,\" which are just tears of joy under a different name.</span></p> <p>I'm able to enjoy a different kind of period where<span> I get tears of joy - every single time dividends arrive in my portfolio. Ok, maybe not physical tears, but inside that is the feeling I get.</span></p> <blockquote><p>Do you know the only thing that gives me pleasure? It's to see my dividends coming in. - <em>John D. Rockefeller</em></p></blockquote> <p>You see, as an income investor, my main focus when approaching the market is to get paid by that market. I have learned through the years of managing my portfolio that if you focus on what you can control the rest will take care of itself. I have focused on building my income by buying dividend-paying stocks. Whether the market is up or down, I can take actions that will increase the dividends I receive. Because of that, my total returns have grown over time.</p> <p>Today, I want to take a look at two opportunities that pay income monthly. You can enjoy a strong income from them month after month after month, and every time that money arrives, you can cry tears of joy knowing that it's going to come again next month as well, all while you think about all the different opportunities that you can take advantage of with them.</p> <p>Let's dive in.</p> <h2>Pick #1: EPR - Yield 7.3%</h2> <p><strong>EPR Properties</strong> (EPR) is a real estate investment trust that specializes in experiential properties, such as entertainment, recreation, and leisure venues. In short, <strong>EPR</strong> owns places where you go to experience something. In a world where people were staying at home, that wasn't the best place to be.</p> <p>EPR was originally founded as a REIT for movie theaters. An asset class that historically has been extremely reliable and desirable for landlords. It is also a sector that still hasn't recovered from COVID. EPR saw one of its largest tenants, Regal, in bankruptcy court last year.</p> <p>The Regal bankruptcy was resolved and the lease renegotiated in an agreement that provides EPR with a lower fixed rent, but a higher percentage rent. It provides Regal with an immediate reduction in rent, but provides EPR with upside as the box office recovers.</p> <p>Despite this setback last year, EPR saw FFO and AFFO climb throughout the year. Importantly, EPR's dividend coverage improved with the payout ratio declining from 65% of AFFO in Q4 2022 to 56% in Q3. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057040311408997.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>It should be noted that EPR does have temporary cash flow which has benefited it. EPR has been collecting rent that was deferred in 2020 during COVID, and those collections are nearing an end. In 2023, those excess collections are estimated to be approximately $0.47/share. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057041771249614.png\"/></span><figcaption><p>EPR Q3 2023 Presentation</p></figcaption></figure></p> <p>Fortunately, EPR's management provided guidance for 2023 with and without rent deferrals collected:</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057043068081799.png\"/></span><figcaption><p>EPR Q3 2023 Presentation</p></figcaption></figure></p> <p>As we look forward to 2024, we don't expect rent deferral collections to be significant. As a result, we can expect 2024 earnings to be starting at a base of $4.67 FFO as adjusted. Which puts the payout ratio for 2023 at approximately 70%. For the second half of 2023, we expect the payout ratio excluding the impact of deferral collections to be in the 66-68% range. Before COVID, EPR generally targeted a 70-80% payout ratio.</p> <p>So is EPR likely to announce a dividend raise at earnings? That falls into the category of \"definitely maybe\". On the one hand, the run-rate payout ratio is definitely low enough to justify a modest increase. At earnings, management suggested that they expected a 4% annual per/share FFO growth was a reasonable expectation over the long run. EPR is currently operating below its target leverage range of 5-5.5x, so in the near term, growth should continue to run above 4%. That should allow EPR to increase the dividend by about $0.01/month +- to maintain a payout ratio of 70% or below.</p> <p>On the other hand, EPR might decide to maintain a conservative approach and keep retaining cash. There are some obvious risks. An eventual bankruptcy from AMC Entertainment (AMC) at this point should surprise nobody. Unlike Regal, EPR already renegotiated its leases with AMC in 2020. When it renegotiated the leases, EPR was well aware that bankruptcy was a very real possibility and structured the leases with an AMC bankruptcy filing in mind. Here is an exchange from the Q2 2020 earnings call:</p> <blockquote> <p><strong>Brian Hawthorne</strong></p> <p>Hi. Good morning. My first question in a bankruptcy scenario, how comfortable are you that the AMC Master Lease will stand up in court?</p> <p><strong>Greg Silvers</strong></p> <p>You know, I don't think anybody can give you great assurances. But I can tell you that when we structured it, we used bankruptcy council, the latest court decisions that were out there to structure a transaction that we believe is the most formidable available.</p> </blockquote> <p>There can be no guarantees, but EPR was able to get an overall favorable result from the Cineworld/Regal bankruptcy. It is more prepared for an AMC bankruptcy and the amount of rent involved is similar. If AMC does file bankruptcy, we expect the impact to be very similar to the impact that Cineworld/Regal's filing had, which means a far greater impact on sentiment than on actual earnings. EPR managed to grow earnings throughout 2023 despite Regal's bankruptcy filing at the end of 2022.</p> <p>In the meantime, EPR continues to reduce the number of theaters they have exposure to - choosing to focus on growing its non-theater side of the business.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-1705704516469509.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>EPR has 11 theater properties that it intends to sell, and we can expect to see them sell this year. Meanwhile, EPR has ample liquidity to fund growth if it finds opportunities with nothing drawn on its $1 billion revolving line of credit.</p> <p>EPR also has the luxury of a favorable maturity schedule for its bonds. The next maturity is in August 2024 for only $136.6 million, less than 5% of EPR's overall debt.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057046838524554.png\"/></span><figcaption><p>EPR Q3 2023 Supplement</p></figcaption></figure></p> <p>That is an amount small enough that EPR could entertain repaying it with cash, and if it refinances it at current rates, the principal is low enough that it will not have a material impact on earnings.</p> <p>The outlook for EPR in 2024 is bright. We can expect modest FFO growth, a possible dividend raise, and management is in the driver's seat in deciding how quickly to expand.</p> <p>On the risk side, there is a possibility that AMC will file for bankruptcy, although that risk is likely much greater in 2025/2026 as AMC has very little debt maturing in 2024.</p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-1705707566878134.png\"/></picture><figcaption><p>AMC Q3 2023 10-Q</p></figcaption></figure></p> <p>As noted above, we believe that if AMC were to file bankruptcy, it might have a psychological impact on share price, but would not have a significant impact on EPR's earnings. EPR should have no trouble maintaining and even growing its dividend, regardless of what AMC does.</p> <p>With this in mind, we are happy to continue adding to EPR at current prices.</p> <h2>Pick #2: XFLT - Yield 13.7%</h2> <p>We frequently talk about the massive income potential from leveraged loans through CLO equity funds. Like many types of debt investments, leveraged loans have seen their prices fall and are trading at historically high yields.</p> <p>The S&amp;P LSTA Leveraged Loan Index is trading at a yield-to-maturity of 9.49%: <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057084434071882.png\"/></span><figcaption><p>S&amp;P Global</p></figcaption></figure></p> <p>Unlike 2020, where the yield rose and quickly fell back down, the index has been trading at an elevated yield for over a year. CLO equity positions are a leveraged investment in these loans and have enjoyed huge cash flows. However, that high cash flow comes with significant volatility. One of our picks in the sector, Oxford Lane Capital (OXLC) provides exposure to CLO equity with very high yields but has also experienced high volatility in price and distributions. A rollercoaster that some investors might not care to ride.</p> <p>For investors who want to benefit from the high yields in leveraged loans, but want less volatility, <a href=\"https://laohu8.com/S/BKLN\">Invesco Senior Loan ETF</a> (BKLN) is an ETF in the sector that has no leverage. Of course, no leverage means lower yield and lower total returns as loan prices recover. It also means that the distribution is variable and will decline as interest rates decline.</p> <p><strong>XAI Octagon Floating Rate &amp; Alternative Income Term Trust</strong> (XFLT) is a great middle option. It offers leveraged exposure to loans with a combination of CLO debt, CLO equity, and owning loans directly. <em>Source</em></p> <p><figure contenteditable=\"false\"><picture><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057051708371546.png\"/></picture><figcaption><p>XFLT Website</p></figcaption></figure></p> <p>By owning this mixture, <strong>XFLT</strong> has less volatility than a pure CLO equity CEF, and it was also the quickest fund in the sector to restore its distribution during COVID. It paid a reduced distribution for only 6 months, and today is paying a higher distribution than it paid pre-COVID.</p> <p>When we look at the rolling returns, we can see that XFLT isn't quite as volatile as OXLC, while still providing much higher average returns than BKLN. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/19/16392-17057052786931047.png\"/></span><figcaption><p>Portfolio Visualizer</p></figcaption></figure></p> <p>It has also provided a more stable income.</p> <p>XFLT took advantage of the COVID collapse, significantly expanding its portfolio in late 2020 and throughout 2021. That growth effort resumed in 2023. <em>Source</em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/1/20/16392-17057532244250476.png\"/></span><figcaption><p>XFLT Q1 2023 Webinar</p></figcaption></figure></p> <p>While loan prices have been low, XFLT has been a buyer - positioning itself to benefit when yields decline and prices rise. For those who want exposure to the substantial cash flow being produced by leveraged loans, but don't want the volatility and violent NAV swings inherent in funds that focus on CLO equity, XFLT is a great middle-ground. A bit lower yield, but 13.7% with the potential for more distribution growth is hardly something to sneeze at!</p> <h2>Conclusion</h2> <p>With EPR and XFLT, we can enjoy strong income while benefitting from everyday life for most Americans. XFLT owns debt covering a wide array of the U.S. economy, and EPR owns experiential properties enjoyed by many. This allows both of today's opportunities to pay you monthly, 12 months a year.</p> <p>When it comes to retirement, it's nice to still receive a monthly paycheck. Many of us enjoyed either weekly or bi-weekly paychecks. It's less common only to be paid once a month, but some of us still receive monthly pay. Having the ability to receive income every month reduces some of the headaches of having to budget and spread your money over a longer period when you get it in a lump sum, especially if that is unusual or uncommon for you. Retirement should be a period of lower stress and fewer worries than you had before. Getting income monthly can help reduce the stress of your need to budget effectively and give you fewer worries month to month. This way, you can spend that valuable time doing something you enjoy, like a hobby or spending time with loved ones, instead of having to stare at your checkbook.</p> <div></div> <p>That's the beauty of my Income Method. That's the beauty of income investing.</p></body></html>","source":"seekingalpha","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>Enjoy Monthly Income From 2 Top-Notch Opportunities</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\">\nEnjoy Monthly Income From 2 Top-Notch Opportunities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-06 21:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When was the last time you cried tears of joy?I am incredibly grateful for all the dividends pouring into my account.Retirement is easier when someone else is paying for it. Let the market do its part...</p>\n\n<a href=\"https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXLC":"Oxford Lane Capital Corp","AMC":"AMC院线","EPR":"EPR不动产","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","XFLT":"XAI Octagon Floating Rate & Alternative Income Term Trust","BKLN":"Invesco Senior Loan ETF","BK4547":"WSB热门概念","BK4108":"电影和娱乐"},"source_url":"https://seekingalpha.com/article/4667367-enjoy-monthly-income-from-2-top-notch-opportunities","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2409405161","content_text":"When was the last time you cried tears of joy?I am incredibly grateful for all the dividends pouring into my account.Retirement is easier when someone else is paying for it. Let the market do its part.Ben Garvin/DigitalVision via Getty Images Co-authored by Treading Softly I've never been one to be known as highly emotional. Though I am surrounded by individuals in my life who are. My one daughter, for example, has every emotion at a ten, all the time. She's either 10 out of 10 happy, 10 out of 10 sad, or 10 out of 10 angry. Because of this, she is extremely attuned to the emotional impacts of various media. It is not uncommon to find her listening to beautiful music or emotionally charged music and crying either because of the sadness contained in the song or because of the extreme joy contained within that song. She frequently has what she calls \"happy tears,\" which are just tears of joy under a different name. I'm able to enjoy a different kind of period where I get tears of joy - every single time dividends arrive in my portfolio. Ok, maybe not physical tears, but inside that is the feeling I get. Do you know the only thing that gives me pleasure? It's to see my dividends coming in. - John D. Rockefeller You see, as an income investor, my main focus when approaching the market is to get paid by that market. I have learned through the years of managing my portfolio that if you focus on what you can control the rest will take care of itself. I have focused on building my income by buying dividend-paying stocks. Whether the market is up or down, I can take actions that will increase the dividends I receive. Because of that, my total returns have grown over time. Today, I want to take a look at two opportunities that pay income monthly. You can enjoy a strong income from them month after month after month, and every time that money arrives, you can cry tears of joy knowing that it's going to come again next month as well, all while you think about all the different opportunities that you can take advantage of with them. Let's dive in. Pick #1: EPR - Yield 7.3% EPR Properties (EPR) is a real estate investment trust that specializes in experiential properties, such as entertainment, recreation, and leisure venues. In short, EPR owns places where you go to experience something. In a world where people were staying at home, that wasn't the best place to be. EPR was originally founded as a REIT for movie theaters. An asset class that historically has been extremely reliable and desirable for landlords. It is also a sector that still hasn't recovered from COVID. EPR saw one of its largest tenants, Regal, in bankruptcy court last year. The Regal bankruptcy was resolved and the lease renegotiated in an agreement that provides EPR with a lower fixed rent, but a higher percentage rent. It provides Regal with an immediate reduction in rent, but provides EPR with upside as the box office recovers. Despite this setback last year, EPR saw FFO and AFFO climb throughout the year. Importantly, EPR's dividend coverage improved with the payout ratio declining from 65% of AFFO in Q4 2022 to 56% in Q3. Source EPR Q3 2023 Supplement It should be noted that EPR does have temporary cash flow which has benefited it. EPR has been collecting rent that was deferred in 2020 during COVID, and those collections are nearing an end. In 2023, those excess collections are estimated to be approximately $0.47/share. Source EPR Q3 2023 Presentation Fortunately, EPR's management provided guidance for 2023 with and without rent deferrals collected: EPR Q3 2023 Presentation As we look forward to 2024, we don't expect rent deferral collections to be significant. As a result, we can expect 2024 earnings to be starting at a base of $4.67 FFO as adjusted. Which puts the payout ratio for 2023 at approximately 70%. For the second half of 2023, we expect the payout ratio excluding the impact of deferral collections to be in the 66-68% range. Before COVID, EPR generally targeted a 70-80% payout ratio. So is EPR likely to announce a dividend raise at earnings? That falls into the category of \"definitely maybe\". On the one hand, the run-rate payout ratio is definitely low enough to justify a modest increase. At earnings, management suggested that they expected a 4% annual per/share FFO growth was a reasonable expectation over the long run. EPR is currently operating below its target leverage range of 5-5.5x, so in the near term, growth should continue to run above 4%. That should allow EPR to increase the dividend by about $0.01/month +- to maintain a payout ratio of 70% or below. On the other hand, EPR might decide to maintain a conservative approach and keep retaining cash. There are some obvious risks. An eventual bankruptcy from AMC Entertainment (AMC) at this point should surprise nobody. Unlike Regal, EPR already renegotiated its leases with AMC in 2020. When it renegotiated the leases, EPR was well aware that bankruptcy was a very real possibility and structured the leases with an AMC bankruptcy filing in mind. Here is an exchange from the Q2 2020 earnings call:  Brian Hawthorne Hi. Good morning. My first question in a bankruptcy scenario, how comfortable are you that the AMC Master Lease will stand up in court? Greg Silvers You know, I don't think anybody can give you great assurances. But I can tell you that when we structured it, we used bankruptcy council, the latest court decisions that were out there to structure a transaction that we believe is the most formidable available.  There can be no guarantees, but EPR was able to get an overall favorable result from the Cineworld/Regal bankruptcy. It is more prepared for an AMC bankruptcy and the amount of rent involved is similar. If AMC does file bankruptcy, we expect the impact to be very similar to the impact that Cineworld/Regal's filing had, which means a far greater impact on sentiment than on actual earnings. EPR managed to grow earnings throughout 2023 despite Regal's bankruptcy filing at the end of 2022. In the meantime, EPR continues to reduce the number of theaters they have exposure to - choosing to focus on growing its non-theater side of the business. EPR Q3 2023 Supplement EPR has 11 theater properties that it intends to sell, and we can expect to see them sell this year. Meanwhile, EPR has ample liquidity to fund growth if it finds opportunities with nothing drawn on its $1 billion revolving line of credit. EPR also has the luxury of a favorable maturity schedule for its bonds. The next maturity is in August 2024 for only $136.6 million, less than 5% of EPR's overall debt. EPR Q3 2023 Supplement That is an amount small enough that EPR could entertain repaying it with cash, and if it refinances it at current rates, the principal is low enough that it will not have a material impact on earnings. The outlook for EPR in 2024 is bright. We can expect modest FFO growth, a possible dividend raise, and management is in the driver's seat in deciding how quickly to expand. On the risk side, there is a possibility that AMC will file for bankruptcy, although that risk is likely much greater in 2025/2026 as AMC has very little debt maturing in 2024. AMC Q3 2023 10-Q As noted above, we believe that if AMC were to file bankruptcy, it might have a psychological impact on share price, but would not have a significant impact on EPR's earnings. EPR should have no trouble maintaining and even growing its dividend, regardless of what AMC does. With this in mind, we are happy to continue adding to EPR at current prices. Pick #2: XFLT - Yield 13.7% We frequently talk about the massive income potential from leveraged loans through CLO equity funds. Like many types of debt investments, leveraged loans have seen their prices fall and are trading at historically high yields. The S&P LSTA Leveraged Loan Index is trading at a yield-to-maturity of 9.49%: Source S&P Global Unlike 2020, where the yield rose and quickly fell back down, the index has been trading at an elevated yield for over a year. CLO equity positions are a leveraged investment in these loans and have enjoyed huge cash flows. However, that high cash flow comes with significant volatility. One of our picks in the sector, Oxford Lane Capital (OXLC) provides exposure to CLO equity with very high yields but has also experienced high volatility in price and distributions. A rollercoaster that some investors might not care to ride. For investors who want to benefit from the high yields in leveraged loans, but want less volatility, Invesco Senior Loan ETF (BKLN) is an ETF in the sector that has no leverage. Of course, no leverage means lower yield and lower total returns as loan prices recover. It also means that the distribution is variable and will decline as interest rates decline. XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) is a great middle option. It offers leveraged exposure to loans with a combination of CLO debt, CLO equity, and owning loans directly. Source XFLT Website By owning this mixture, XFLT has less volatility than a pure CLO equity CEF, and it was also the quickest fund in the sector to restore its distribution during COVID. It paid a reduced distribution for only 6 months, and today is paying a higher distribution than it paid pre-COVID. When we look at the rolling returns, we can see that XFLT isn't quite as volatile as OXLC, while still providing much higher average returns than BKLN. Source Portfolio Visualizer It has also provided a more stable income. XFLT took advantage of the COVID collapse, significantly expanding its portfolio in late 2020 and throughout 2021. That growth effort resumed in 2023. Source XFLT Q1 2023 Webinar While loan prices have been low, XFLT has been a buyer - positioning itself to benefit when yields decline and prices rise. For those who want exposure to the substantial cash flow being produced by leveraged loans, but don't want the volatility and violent NAV swings inherent in funds that focus on CLO equity, XFLT is a great middle-ground. A bit lower yield, but 13.7% with the potential for more distribution growth is hardly something to sneeze at! Conclusion With EPR and XFLT, we can enjoy strong income while benefitting from everyday life for most Americans. XFLT owns debt covering a wide array of the U.S. economy, and EPR owns experiential properties enjoyed by many. This allows both of today's opportunities to pay you monthly, 12 months a year. When it comes to retirement, it's nice to still receive a monthly paycheck. Many of us enjoyed either weekly or bi-weekly paychecks. It's less common only to be paid once a month, but some of us still receive monthly pay. Having the ability to receive income every month reduces some of the headaches of having to budget and spread your money over a longer period when you get it in a lump sum, especially if that is unusual or uncommon for you. Retirement should be a period of lower stress and fewer worries than you had before. Getting income monthly can help reduce the stress of your need to budget effectively and give you fewer worries month to month. This way, you can spend that valuable time doing something you enjoy, like a hobby or spending time with loved ones, instead of having to stare at your checkbook.  That's the beauty of my Income Method. That's the beauty of income investing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":269080721281152,"gmtCreate":1706724344991,"gmtModify":1706724346376,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/269080721281152","repostId":"2407824475","repostType":2,"repost":{"id":"2407824475","pubTimestamp":1706696844,"share":"https://www.laohu8.com/m/news/2407824475?lang=&edition=full","pubTime":"2024-01-31 18:27","market":"nz","language":"en","title":"Is JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?","url":"https://stock-news.laohu8.com/highlight/detail?id=2407824475","media":"Simply Wall St.","summary":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...","content":"<html><body><div><p> Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses.  We note that <strong>JinkoSolar Holding Co., Ltd.</strong> (NYSE:JKS) does have debt on its balance sheet.  But is this debt a concern to shareholders? </p><h2> When Is Debt A Problem? </h2><p> Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.  Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, plenty of companies use debt to fund growth, without any negative consequences.  When we think about a company's use of debt, we first look at cash and debt together. </p> <p><span> See our latest analysis for JinkoSolar Holding </span></p><h2> What Is JinkoSolar Holding's Net Debt? </h2><p> As you can see below, JinkoSolar Holding had CN¥53.3b of debt at September 2023, down from CN¥56.9b a year prior.    However, because it has a cash reserve of CN¥13.6b, its net debt is less, at about CN¥39.7b.  </p><figure><img height=\"526\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/49547584-debt-equity-history-analysis-1-dark/1706696842465\" width=\"821\"/><figcaption>NYSE:JKS Debt to Equity History January 31st 2024</figcaption></figure><h2> How Strong Is JinkoSolar Holding's Balance Sheet? </h2><p> According to the last reported balance sheet, JinkoSolar Holding had liabilities of CN¥73.3b due within 12 months, and liabilities of CN¥20.9b due beyond 12 months.   Offsetting these obligations, it had cash of CN¥13.6b as well as receivables valued at CN¥29.9b due within 12 months.   So it has liabilities totalling CN¥50.8b more than its cash and near-term receivables, combined.  </p><p> This deficit casts a shadow over the CN¥10.3b company, like a colossus towering over mere mortals.   So we'd watch its balance sheet closely, without a doubt.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.  </p> <p> We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio). </p> <p> JinkoSolar Holding has a debt to EBITDA ratio of 3.8, which signals significant debt, but is still pretty reasonable for most types of business.  However, its interest coverage of 13.7 is very high, suggesting that the interest expense on the debt is currently quite low.        Notably, JinkoSolar Holding's EBIT launched higher than Elon Musk, gaining a whopping 1,072% on last year.      When analysing debt levels, the balance sheet is the obvious place to start.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.  </p><p> Finally, a company can only pay off debt with cold hard cash, not accounting profits.   So it's worth checking how much of that EBIT is backed by free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.   </p> <h2>Our View</h2><p> On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But at least it's pretty decent at covering its interest expense with its EBIT; that's encouraging.      Looking at the bigger picture, it seems clear to us that JinkoSolar Holding's use of debt is creating risks for the company.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    There's no doubt that we learn most about debt from the balance sheet.  However, not all investment risk resides within the balance sheet - far from it.   For instance, we've identified  <strong> 4 warning signs for JinkoSolar Holding</strong> (2 are potentially serious)  you should be aware of.   </p> <p> Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today. </p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p></div></body></html>","source":"simplywall_highlight","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>Is JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?</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\">\nIs JinkoSolar Holding (NYSE:JKS) Using Too Much Debt?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-31 18:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/8212000-choice2-main-header/1585186783100","relate_stocks":{"BK4519":"光伏太阳能","NYSE":"纽交所","JKS":"晶科能源","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4526":"热门中概股","BK4141":"半导体产品"},"source_url":"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/is-jinkosolar-holding-nysejks-using-too-much-debt-2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2407824475","content_text":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses.  We note that JinkoSolar Holding Co., Ltd. (NYSE:JKS) does have debt on its balance sheet.  But is this debt a concern to shareholders?  When Is Debt A Problem?  Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price.  Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, plenty of companies use debt to fund growth, without any negative consequences.  When we think about a company's use of debt, we first look at cash and debt together.   See our latest analysis for JinkoSolar Holding  What Is JinkoSolar Holding's Net Debt?  As you can see below, JinkoSolar Holding had CN¥53.3b of debt at September 2023, down from CN¥56.9b a year prior.    However, because it has a cash reserve of CN¥13.6b, its net debt is less, at about CN¥39.7b.  NYSE:JKS Debt to Equity History January 31st 2024 How Strong Is JinkoSolar Holding's Balance Sheet?  According to the last reported balance sheet, JinkoSolar Holding had liabilities of CN¥73.3b due within 12 months, and liabilities of CN¥20.9b due beyond 12 months.   Offsetting these obligations, it had cash of CN¥13.6b as well as receivables valued at CN¥29.9b due within 12 months.   So it has liabilities totalling CN¥50.8b more than its cash and near-term receivables, combined.   This deficit casts a shadow over the CN¥10.3b company, like a colossus towering over mere mortals.   So we'd watch its balance sheet closely, without a doubt.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.    We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).   JinkoSolar Holding has a debt to EBITDA ratio of 3.8, which signals significant debt, but is still pretty reasonable for most types of business.  However, its interest coverage of 13.7 is very high, suggesting that the interest expense on the debt is currently quite low.        Notably, JinkoSolar Holding's EBIT launched higher than Elon Musk, gaining a whopping 1,072% on last year.      When analysing debt levels, the balance sheet is the obvious place to start.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.   Finally, a company can only pay off debt with cold hard cash, not accounting profits.   So it's worth checking how much of that EBIT is backed by free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.    Our View On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But at least it's pretty decent at covering its interest expense with its EBIT; that's encouraging.      Looking at the bigger picture, it seems clear to us that JinkoSolar Holding's use of debt is creating risks for the company.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    There's no doubt that we learn most about debt from the balance sheet.  However, not all investment risk resides within the balance sheet - far from it.   For instance, we've identified   4 warning signs for JinkoSolar Holding (2 are potentially serious)  you should be aware of.     Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today. Valuation is complex, but we're helping make it simple.Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268694302683304,"gmtCreate":1706630028690,"gmtModify":1706630029868,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268694302683304","repostId":"2407209378","repostType":4,"repost":{"id":"2407209378","pubTimestamp":1706582133,"share":"https://www.laohu8.com/m/news/2407209378?lang=&edition=full","pubTime":"2024-01-30 10:35","market":"us","language":"zh","title":"一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了","url":"https://stock-news.laohu8.com/highlight/detail?id=2407209378","media":"格隆汇","summary":"令人振奋的财报和业绩指引","content":"<p>科技股财报周已经拉开序幕。</p><p>周一美股盘后，<strong>“<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>核心朋友圈”的<a href=\"https://laohu8.com/S/SMCI\">超微电脑</a>公布了令人振奋的财报和业绩指引，双双大超华尔街预期</strong>。</p><p>在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。</p><p>事实上，<strong>超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。</strong></p><p>这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达累计涨幅约325%，AMD累计涨幅175%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8b6d5eabffa0ee2b03eee029d2a5669\" tg-width=\"780\" tg-height=\"519\"></p><p>近两年，随着AI掀起的一轮科技革命，背后的技术服务商们赚的盆满钵满。</p><p>作为人工智能、云、存储和 5G/边缘的整体 IT 解决方案提供商，同时也是英伟达的合作伙伴，超微电脑在AI圈火速“脱颖而出”。</p><p>财报显示，第二财季实现<strong>营收36.6亿美元</strong>，去年同期为18亿美元，而前一财季也只有21.2亿美元。</p><p><strong>净利润</strong>增至 2.96 亿美元，高于上一季度的1.57亿美元，同比增长 1.76 亿美元，几乎翻了一番。</p><p>第二财季调整后<strong>每股收益</strong>为5.59美元，去年同期3.26美元，分析师预期5.16美元；<strong>毛利率</strong>略有压缩至15.4%，前一季度为 16.7%，去年同期为 18.7%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bf74a17816484db49d1fe2bb7ca4193\" tg-width=\"1443\" tg-height=\"561\"></p><p>强劲的业绩也凸显了超微电脑不断扩大的市场份额，以及市场对先进服务器解决方案不断增长的需求。</p><p>展望下一季度，超微电脑<strong>预计第三财季营收为37亿美元至41亿美元</strong>，调整后每股收益为5.20美元至6.01美元。</p><p>这两项预测均远高于 FactSet 的共识，后者预计收入为 29 亿美元，调整后每股收益为 4.61 美元。</p><p>公司还<strong>上调了全年预测</strong>，指出其产品继续赢得市场份额。&nbsp;<strong>超微电脑预计整个财年的收入为143亿至147亿美元，</strong>而分析师此前的预期为138亿美元，此前公司预测收入为 100 亿至 110 亿美元。</p><p>首席执行官梁见后 (Charles Liang) 在一份新闻稿中表示：</p><blockquote><p>“我们在 2024 财年第二季度继续展示我们的市场领导地位，报告收入达到创纪录的 36.6亿美元，同比增长 103%。”</p></blockquote><blockquote><p>“虽然我们不断赢得新的合作伙伴，但我们当前的最终客户仍然需要更多美超微优化的人工智能计算机平台和机架级整体 IT 解决方案。”</p></blockquote><p>巨额盈利以及上调的业绩指引，也令市场开始振奋。</p><p>Constellation Research Inc. 的 Holger Mueller 表示，年收入已达数十亿美元的硬件供应商能够将销售额翻倍，这是极其罕见的事情。</p><blockquote><p>“这种增长背后的驱动力是人工智能，因为超微提供了一些最得益于与 Nvidia 的合作，我们为这些工作负载提供了可靠的计算平台。”</p></blockquote><p>不过Mueller 也表示，&nbsp;对投资者来说，好消息是这种趋势不太可能很快改变。然而，超微仍然需要在其业务的盈利方面下功夫，因为其成本不断上升，而每股收益却在下降。</p><p>gurufocus的分析师&nbsp;Khac Phu Nguyen指出，回顾历史估值图表，很明显市场对围绕超微计算机的看涨势头反应过度。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a8855f39ea91e50cf57681f60abcda1\" tg-width=\"771\" tg-height=\"579\"></p><p>他指出，不可否认，超微电脑以其显着的股价飙升和第二季度的乐观指引吸引了投资者的关注。然而，股市似乎对该公司的积极前景反应过度，如果该公司未能达到这些高预期，可能会给投资者带来更高的风险。</p>","source":"gelonghui_highlight","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>一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了</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; 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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一年5倍，强势碾压英伟达！AI“新贵”超微电脑赚麻了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 10:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.gelonghui.com/p/689823><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>科技股财报周已经拉开序幕。周一美股盘后，“英伟达核心朋友圈”的超微电脑公布了令人振奋的财报和业绩指引，双双大超华尔街预期。在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。事实上，超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达...</p>\n\n<a href=\"https://www.gelonghui.com/p/689823\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img3.gelonghui.com/f9e50-39412d89-0dda-4c28-93ae-fd726d2496f0.jpg?guru_height=583&guru_width=1000","relate_stocks":{"SMCI":"超微电脑"},"source_url":"https://www.gelonghui.com/p/689823","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2407209378","content_text":"科技股财报周已经拉开序幕。周一美股盘后，“英伟达核心朋友圈”的超微电脑公布了令人振奋的财报和业绩指引，双双大超华尔街预期。在财报公布后，超微电脑周一盘后大涨超过10%。今年以来，公司股价不断持续飙高，目前累计涨幅近74%。事实上，超微电脑自2023年初就已经开启了“暴走”模式，在一年多的时间内，股价累计涨幅已经超过500%。这涨势更是直接碾压了英伟达、AMD在内的其他美股热门科技股。同期，英伟达累计涨幅约325%，AMD累计涨幅175%。近两年，随着AI掀起的一轮科技革命，背后的技术服务商们赚的盆满钵满。作为人工智能、云、存储和 5G/边缘的整体 IT 解决方案提供商，同时也是英伟达的合作伙伴，超微电脑在AI圈火速“脱颖而出”。财报显示，第二财季实现营收36.6亿美元，去年同期为18亿美元，而前一财季也只有21.2亿美元。净利润增至 2.96 亿美元，高于上一季度的1.57亿美元，同比增长 1.76 亿美元，几乎翻了一番。第二财季调整后每股收益为5.59美元，去年同期3.26美元，分析师预期5.16美元；毛利率略有压缩至15.4%，前一季度为 16.7%，去年同期为 18.7%。强劲的业绩也凸显了超微电脑不断扩大的市场份额，以及市场对先进服务器解决方案不断增长的需求。展望下一季度，超微电脑预计第三财季营收为37亿美元至41亿美元，调整后每股收益为5.20美元至6.01美元。这两项预测均远高于 FactSet 的共识，后者预计收入为 29 亿美元，调整后每股收益为 4.61 美元。公司还上调了全年预测，指出其产品继续赢得市场份额。 超微电脑预计整个财年的收入为143亿至147亿美元，而分析师此前的预期为138亿美元，此前公司预测收入为 100 亿至 110 亿美元。首席执行官梁见后 (Charles Liang) 在一份新闻稿中表示：“我们在 2024 财年第二季度继续展示我们的市场领导地位，报告收入达到创纪录的 36.6亿美元，同比增长 103%。”“虽然我们不断赢得新的合作伙伴，但我们当前的最终客户仍然需要更多美超微优化的人工智能计算机平台和机架级整体 IT 解决方案。”巨额盈利以及上调的业绩指引，也令市场开始振奋。Constellation Research Inc. 的 Holger Mueller 表示，年收入已达数十亿美元的硬件供应商能够将销售额翻倍，这是极其罕见的事情。“这种增长背后的驱动力是人工智能，因为超微提供了一些最得益于与 Nvidia 的合作，我们为这些工作负载提供了可靠的计算平台。”不过Mueller 也表示， 对投资者来说，好消息是这种趋势不太可能很快改变。然而，超微仍然需要在其业务的盈利方面下功夫，因为其成本不断上升，而每股收益却在下降。gurufocus的分析师 Khac Phu Nguyen指出，回顾历史估值图表，很明显市场对围绕超微计算机的看涨势头反应过度。他指出，不可否认，超微电脑以其显着的股价飙升和第二季度的乐观指引吸引了投资者的关注。然而，股市似乎对该公司的积极前景反应过度，如果该公司未能达到这些高预期，可能会给投资者带来更高的风险。","news_type":1},"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":268687068741720,"gmtCreate":1706628234391,"gmtModify":1706628236814,"author":{"id":"3496403814458854","authorId":"3496403814458854","name":"几米one","avatar":"https://static.tigerbbs.com/92a508ce500224d141376ddbecf58e58","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/268687068741720","repostId":"2407688243","repostType":2,"repost":{"id":"2407688243","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1706629491,"share":"https://www.laohu8.com/m/news/2407688243?lang=&edition=full","pubTime":"2024-01-30 23:44","market":"hk","language":"en","title":"US Stocks Edge Lower; Pfizer Reports Surprise Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=2407688243","media":"Benzinga","summary":"U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.","content":"<html><body><p>U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.</p>\n<p>Check This Out: <em> How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings </em></p>\n<h3><strong>Leading and Lagging Sectors</strong></h3>\n<p>Health care shares rose by 0.2% on Tuesday.</p>\n<p>In trading on Tuesday, energy shares fell by 1.1%.</p>\n<h3><strong>Top Headline</strong></h3>\n<p><strong>Pfizer Inc</strong> (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.</p>\n<p>The company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.</p>\n<h3><strong>Equities Trading UP</strong></h3>\n<p><strong>Agape ATP Corporation </strong> (NASDAQ:ATPC) shares shot up 86% to $0.9500.</p>\n<p>Shares of <strong> <a href=\"https://laohu8.com/S/AGFY\">Agrify</a> Corporation </strong> (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.</p>\n<p><strong>Sanmina Corporation </strong> (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</p>\n<h3><strong>Equities Trading DOWN</strong></h3>\n<p><strong>Sidus Space, Inc. </strong> (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.</p>\n<p>Shares of <strong> 60 Degrees Pharmaceuticals, Inc. </strong> (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.</p>\n<p><strong>Nyxoah S.A. </strong> (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.</p>\n<p>Also Check This Out:<em> Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'</em></p>\n<h3><strong>Commodities</strong></h3>\n<p>In commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.</p>\n<p>Silver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.</p>\n<h3><strong>Euro zone</strong></h3>\n<p>European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.</p>\n<p>The Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.</p>\n<p>Italy’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.</p>\n<h3><strong>Asia Pacific Markets</strong></h3>\n<p>Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&amp;P BSE Sensex, meanwhile, fell 1.11%.</p>\n<p>Japanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.</p>\n<h3><strong>Economics</strong></h3>\n<p>The S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.</p>\n<p>The FHFA house price index rose by 0.3% from the prior month in November.</p>\n<p>Now Read This: <em> Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday</em></p>\n</body></html>","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>US Stocks Edge Lower; Pfizer Reports Surprise Profit</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\">\nUS Stocks Edge Lower; Pfizer Reports Surprise Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-01-30 23:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&amp;P 500 also fell, dropping, 0.03% to 4,926.32.</p>\n<p>Check This Out: <em> How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings </em></p>\n<h3><strong>Leading and Lagging Sectors</strong></h3>\n<p>Health care shares rose by 0.2% on Tuesday.</p>\n<p>In trading on Tuesday, energy shares fell by 1.1%.</p>\n<h3><strong>Top Headline</strong></h3>\n<p><strong>Pfizer Inc</strong> (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.</p>\n<p>The company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.</p>\n<h3><strong>Equities Trading UP</strong></h3>\n<p><strong>Agape ATP Corporation </strong> (NASDAQ:ATPC) shares shot up 86% to $0.9500.</p>\n<p>Shares of <strong> <a href=\"https://laohu8.com/S/AGFY\">Agrify</a> Corporation </strong> (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.</p>\n<p><strong>Sanmina Corporation </strong> (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</p>\n<h3><strong>Equities Trading DOWN</strong></h3>\n<p><strong>Sidus Space, Inc. </strong> (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.</p>\n<p>Shares of <strong> 60 Degrees Pharmaceuticals, Inc. </strong> (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.</p>\n<p><strong>Nyxoah S.A. </strong> (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.</p>\n<p>Also Check This Out:<em> Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'</em></p>\n<h3><strong>Commodities</strong></h3>\n<p>In commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.</p>\n<p>Silver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.</p>\n<h3><strong>Euro zone</strong></h3>\n<p>European shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.</p>\n<p>The Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.</p>\n<p>Italy’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.</p>\n<h3><strong>Asia Pacific Markets</strong></h3>\n<p>Asian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&amp;P BSE Sensex, meanwhile, fell 1.11%.</p>\n<p>Japanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.</p>\n<h3><strong>Economics</strong></h3>\n<p>The S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.</p>\n<p>The FHFA house price index rose by 0.3% from the prior month in November.</p>\n<p>Now Read This: <em> Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday</em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","SANM":"新美亚电子","BK4007":"制药","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","PFE":"辉瑞","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","QQQ":"纳指100ETF","ATPC":"Agape ATP Corp.","TQQQ":"纳指三倍做多ETF","SG9999002232.USD":"Allianz Global High Payout USD","BK4082":"医疗保健设备","BK4152":"农用农业机械","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0058720904.USD":"联博国际健康护理基金A","NYXH":"Nyxoah SA","SG9999002224.SGD":"Allianz Global High Payout SGD","BK4550":"红杉资本持仓","SQQQ":"纳指三倍做空ETF","BK4568":"美国抗疫概念","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","SXTP":"60 degrees pharmaceuticals, Inc.","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","PSQ":"纳指反向ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0122379950.USD":"贝莱德世界健康科学A2","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4581":"高盛持仓","SIDU":"Sidus Space Inc.","QID":"纳指两倍做空ETF","AGFY":"Agrify","SG9999001176.USD":"United Global Healthcare Acc USD","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4175":"保健护理产品经销商","SG9999013999.USD":"UOB UNITED GLOBAL HEALTHCARE FUND (USDHDG) INC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999001176.SGD":"UOB UNITED GLOBAL HEALTHCARE \"SGD\" (ACC)","SGXZ57979304.SGD":"United Global Healthcare A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","BK4187":"航天航空与国防","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","QLD":"纳指两倍做多ETF","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC"},"source_url":"https://www.benzinga.com/news/earnings/24/01/36846621/us-stocks-edge-lower-pfizer-reports-surprise-profit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2407688243","content_text":"U.S. stocks traded slightly lower this morning on Tuesday. Following the market opening Tuesday, the Dow traded down 0.04% to 38,316.43 while the NASDAQ fell 0.12% to 15,608.59. The S&P 500 also fell, dropping, 0.03% to 4,926.32.\nCheck This Out:  How To Earn $500 A Month From Starbucks Stock Ahead Of Q1 Earnings \nLeading and Lagging Sectors\nHealth care shares rose by 0.2% on Tuesday.\nIn trading on Tuesday, energy shares fell by 1.1%.\nTop Headline\nPfizer Inc (NYSE:PFE) reported a surprise profit for the fourth quarter on Tuesday.\nThe company posted adjusted EPS of 10 cents versus a consensus loss of 22 cents. The company reported a 41% decline in sales to $14.25 billion, down from $24.29 billion a year ago, almost in line with the consensus of $14.21 billion.\nEquities Trading UP\nAgape ATP Corporation  (NASDAQ:ATPC) shares shot up 86% to $0.9500.\nShares of  Agrify Corporation  (NASDAQ:AGFY) got a boost, surging 53% to $0.7734 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company.\nSanmina Corporation  (NASDAQ:SANM) shares were also up, gaining 37% to $69.39 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.\nEquities Trading DOWN\nSidus Space, Inc.  (NASDAQ:SIDU) shares dropped 43% to $5.00 after the company announced the pricing of its public offering of 1,251,700 Class A shares at $4.50 per share.\nShares of  60 Degrees Pharmaceuticals, Inc.  (NASDAQ:SXTP) were down 38% to $0.32 after the company announced pricing of a $2.4 million public offering.\nNyxoah S.A.  (NASDAQ:NYXH) was down, falling 29% to $8.77 after surging 31% on Monday.\nAlso Check This Out: Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'\nCommodities\nIn commodity news, oil traded up 0.2% to $76.93 while gold traded up 1.9% at $2,063.70.\nSilver traded up 0.6% to $23.39 on Tuesday while copper rose 0.1% to $3.8790.\nEuro zone\nEuropean shares were higher today. The eurozone’s STOXX 600 rose 0.2%, London’s FTSE 100 rose 0.5% while Spain’s IBEX 35 Index rose 1.2% The German DAX rose 0.2% French CAC 40 gained 0.4% while Italy’s FTSE MIB Index climbed 0.8%.\nThe Euro Area economy stalled in the final three months of 2023, compated to a 0.1% contraction in the prior period. The economic sentiment indicator in the Eurozone fell to 96.2 in January compared to December's reading of 96.4.\nItaly’s gross domestic product rose by 0.2% quarter-over-quarter during the last three months of 2023, while German economy shrank by 0.3% in the fourth quarter. Spanish gross domestic product increased by 0.6% in the same period, while annual consumer price inflation in Spain increased to 3.4% in January. The French economy stalled in the fourth quarter.\nAsia Pacific Markets\nAsian markets closed mostly lower on Tuesday, with Japan’s Nikkei 225 gaining 0.11%, Hong Kong’s Hang Seng Index falling 2.32% and China’s Shanghai Composite Index dipping 1.83%. India’s S&P BSE Sensex, meanwhile, fell 1.11%.\nJapanese unemployment rate declined to 2.4% in December compared to 2.5% in the earlier two months.\nEconomics\nThe S&P CoreLogic Case-Shiller home price index climbed 5.4% year-over-year in November versus a 4.9% rise in October.\nThe FHFA house price index rose by 0.3% from the prior month in November.\nNow Read This:  Meta To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Tuesday","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}