F1D189的个人主页 - 老虎社区

F1D189

F1D189

暂无个人介绍

IP属地：浙江

91关注

5粉丝

7主题

0勋章

05-29

👍🏻

抱歉，原内容已删除

03-21

这篇文章不错，转发给大家看看

张勇和刘晓丹：神仙组合诞生了

2022-06-01

牛批

前PIMCO CEO：美国经济依旧强劲，美联储9月后应继续加息

2022-05-20

要回购？

优信：计划从现在到11月14日之间监测公司收盘价

2022-05-12

3000 能抗住？

抱歉，原内容已删除

2021-04-09

$亿邦国际(EBON)$干爆空头，有什么资格指手画脚

2021-02-04

$Playtika Holding Corp.(PLTK)$打压的越厉害，反弹的也越厉害，拭目以待

2021-01-16

$AMC院线(AMC)$发生了什么

2021-01-14

$乐信(LX)$mark 该醒醒了

2021-01-12

$微美全息(WIMI)$敢不敢跌到三块钱？

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3521456159127007","uuid":"3521456159127007","gmtCreate":1561657610404,"gmtModify":1652354078602,"name":"F1D189","pinyin":"f1d189","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":5,"headSize":91,"tweetSize":10,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":7,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":74,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.18","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"02aa7f16703b4ce4ace6f1a7665789cc-2","templateUuid":"02aa7f16703b4ce4ace6f1a7665789cc","name":"知识探索家","description":"观看学堂课程满20节","bigImgUrl":"https://static.tigerbbs.com/63cc10a4789c3eaa019b225a55136cf9","smallImgUrl":"https://static.tigerbbs.com/b1f0cbf3ae1b0a4593ddb3434df74ce0","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.05","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":2006},{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.94%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.49%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":6,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":"浙江","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":2,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":311151000178816,"gmtCreate":1716984746291,"gmtModify":1716984748218,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/311151000178816","repostId":"1129581411","repostType":2,"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286724631814440,"gmtCreate":1711021268584,"gmtModify":1711021270212,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"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/286724631814440","repostId":"2421943460","repostType":2,"repost":{"id":"2421943460","kind":"news","pubTimestamp":1711014287,"share":"https://www.laohu8.com/m/news/2421943460?lang=&edition=full","pubTime":"2024-03-21 17:44","market":"us","language":"zh","title":"张勇和刘晓丹：神仙组合诞生了","url":"https://stock-news.laohu8.com/highlight/detail?id=2421943460","media":"投资界","summary":"“行业整合者更喜欢冬天”。","content":"<html><head></head><body><p>作者 I 杨文静 周佳丽</p><p>逍遥子来了。</p><p>今天（3月21日），晨壹投资正式宣布，原<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>集团董事会主席兼首席执行官张勇（逍遥子）将加盟晨壹基金，和创始人刘晓丹共同担任管理合伙人，聚焦并购投资新未来。</p><p>这一幕让人颇为意外。犹然记得半年前告别阿里时，张勇曾获得阿里10亿美元的支持，设立面向未来的科技基金。彼时外界认为，张勇会创办一家新基金。但随着国内一级市场情况转变，最初的想法发生变化，他最终选择加盟并购基金——晨壹投资，踏入人生下一段征程。</p><p>并购江湖无人不识刘晓丹。她毕业于北京大学，拥有近20年辉煌的投行生涯，曾是华泰联合的灵魂人物，操刀不少经典案例，“并购女王”之称由此而来。2019年，刘晓丹与昔日老部下共同组建了晨壹基金，首期基金一举募资68亿元。</p><p>“在市场环境经历重大变化，投资逻辑发生系统性转变之际，张勇的加入，将助力晨壹基金升级迭代，更好地把握新一轮发展机遇。”并购江湖终于迎来标志性一幕。</p><p><strong>今天，张勇宣布下一站</strong></p><p><strong>投身并购</strong></p><p>加盟晨壹基金，意味着张勇正式进军并购。</p><p>他感性提到，“很高兴和晓丹成为事业合伙人。希望通过晨壹这个充满活力和创新精神的平台，聚焦技术发展和经济转型升级带来的产业变革和价值链重塑的巨大机遇，立足中国、放眼全球，融合双方在企业管理、产业运营和资本市场方面的能力和资源，打造面向未来并购投资的核心竞争力。”</p><p>这是逍遥子退休后的最新一站。</p><p>时间回到2007年，马云问张勇为什么来阿里巴巴，张勇回答：“我已经做过一个30亿美金的上市公司了，我想做一个300亿美金的上市公司，这是我来阿里的原因。”三年后，张勇按下“双11”的启动键，让正处于危险边缘的淘宝商城一炮而红，成就了后来的天猫。此后马云隐退，将张勇推上阿里CEO的位置，如今耳熟能详的天猫国际、菜鸟网络、盒马生鲜，以及此后攸关阿里命脉的阿里云都由他一手推动起来。</p><p>转折发生在2023年9月，接任阿里巴巴集团董事会主席的蔡崇信在首封公开信中宣布，逍遥子正式离开阿里。彼时，阿里巴巴集团提出将投资10亿美金，支持张勇设立面向未来的科技基金，协助阿里对未来的科技布局，打造更好的生态环境，这是逍遥子的最后动向。</p><p>时隔半年，逍遥子出山。</p><p>谈及张勇加盟，刘晓丹表示，很荣幸与逍遥子合作，相信他的加入将进一步强化团队的专业能力，扩大全局视野，加速组织升级迭代。他极其丰富的商业管理经验和卓越的产业运营能力，将大大提升晨壹基金的价值创造能力，发掘并赋能那些引领行业发展的优秀整合者，助力提高行业整合效率。</p><p>归去来兮，52岁的逍遥子再次启程。</p><p><strong>搭档刘晓丹：她是谁？</strong></p><p>相比张勇，刘晓丹在投资圈更为人熟知。</p><p>早年毕业于北京大学，刘晓丹在2000年选择辞职下海，开启了她的并购生涯。后来，她跳槽汉唐证券，在那里带领并购团队在业内小有名声，后来她受邀加盟联合证券，传奇就此拉开帷幕。</p><p>2006年，华泰增资入股联合，联合证券变更为华泰联合。2011年起，刘晓丹开始主管华泰联合大投行业务，很快又升任为公司的董事长。2016年至2020年，刘晓丹还曾担任美国AssetMark公司董事长，主导了<a href=\"https://laohu8.com/S/601688\">华泰证券</a>包括收购AssetMark、设立美国公司等在内的国际业务突破和布局，以及多次境内外重大资本运作，在圈内颇负盛名。</p><p>刘晓丹也因而被认为是华泰联合的“灵魂人物”。因为正是在她的带领下，华泰联合得以从一个藉藉无名的区域券商变成投行界首屈一指的排头军，并购业务也成为华泰联合的头等招牌。</p><p>直至2019年的夏天，刘晓丹温情告别华泰联合——“想在无限可能的未知世界中探索自己未来的无限可能。在今天选择结束自己的投行生涯，也是想去圆自己长久以来一个创业的梦想，而且对市场未来趋势的判断更是加剧了这种冲动。”</p><p>于是，晨壹基金诞生。</p><p>2020年6月，在紧锣密鼓的筹备下，晨壹基金正式亮相，刘晓丹在其官方微信发布了第一篇文章，她谈到，“多年市场沉浮，目睹许多戏剧性的故事和传奇，只有一个最深刻的领悟—专业才是这个市场最宝贵、最稀缺的资源。唯有专业才能持续创造价值，也唯有专业方可赢得尊重。因此始终心怀敬畏，坚守一线。”</p><p>与此同时，她也透露——在极端艰困的市场条件下，短短几个月内，晨壹顺利完成基金50亿首次交割。半年后的2021年1月，晨壹投资宣布完成旗下首支人民币并购基金募资，总规模达68亿元，聚焦在医疗与健康、消费与服务、科技与制造三大领域。</p><p>为人低调，这是刘晓丹留给圈内为数不多的统一印象。</p><p><strong>2024，并购时代</strong></p><p><strong>“行业整合者更喜欢冬天”</strong></p><p>今年1月，晨壹投资联合迈瑞完成一笔A股罕见的超大并购案——</p><p><a href=\"https://laohu8.com/S/300760\">迈瑞医疗</a>斥资66.5亿元收购<a href=\"https://laohu8.com/S/688617\">惠泰医疗</a>24.61%的股份，一举拿下惠泰医疗的控制权。这笔收购是迈瑞医疗在心血管相关领域市场的重大布局，而30%的溢价收购也让惠泰医疗及其投资方成功赚钱。</p><p>这笔罕见“A收A”并购轰动一时：当一级市场IPO退出愈发艰难，并购逐渐成为焦点。</p><p>在此之前，并购市场在国内一直不温不火。直到2023年下半年，随着IPO政策整体收紧，并购被寄予了厚望。</p><p>清科研究中心数据显示，2023年，境内外上市中企共399家，同比下降21.5%。IPO疲软，退出问题日益严峻。但VC/PE面临基金清算潮，需要及时退出给LP交代；而对于创始人来说，不少人面临股权回购的压力，即便挺进二级市场，也随时可能面临股价破发、解禁期大跌等诸多难以预测的窘况。时至今日，能体面退出意味着一切。</p><p>因此，我们可以看到不少并购案诞生：</p><p>今年1月，模拟芯片龙头<a href=\"https://laohu8.com/S/688536\">思瑞浦</a>斥资10亿美元收购创芯微，创芯微背后的十多家机构纷纷顺利实现退出；去年12月，制药公司<a href=\"https://laohu8.com/S/AZN\">阿斯利康</a>收购细胞治疗企业<a href=\"https://laohu8.com/S/GRCL\">亘喜生物</a>，12亿美元溢价达到了100%；还有安踏宣布收购亚洲女性运动服饰品牌MAIA ACTIVE。</p><p>2024年春节过后，某深圳人民币基金团队一边优化投资团队，一边在招聘并购组人员。“干完这一单后就要转并购了。”社交媒体上也有投资人透露今年内部的变化。</p><p>回望中国创投20余年，每个低谷期都酝酿着一个新的时代。回想多年前，刘晓丹在谈到并购兴起时留下一句话：“行业整合者更喜欢冬天”。眼下一级市场正值寒冬，这一幕也许要来了。</p></body></html>","source":"tzj","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>张勇和刘晓丹：神仙组合诞生了</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张勇和刘晓丹：神仙组合诞生了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-21 17:44 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.pedaily.cn/202403/531436.shtml><strong>投资界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者 I 杨文静 周佳丽逍遥子来了。今天（3月21日），晨壹投资正式宣布，原阿里巴巴集团董事会主席兼首席执行官张勇（逍遥子）将加盟晨壹基金，和创始人刘晓丹共同担任管理合伙人，聚焦并购投资新未来。这一幕让人颇为意外。犹然记得半年前告别阿里时，张勇曾获得阿里10亿美元的支持，设立面向未来的科技基金。彼时外界认为，张勇会创办一家新基金。但随着国内一级市场情况转变，最初的想法发生变化，他最终选择加盟并购...</p>\n\n<a href=\"https://news.pedaily.cn/202403/531436.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fee10d7e6d69f9c673e539fc45d66ab2","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://news.pedaily.cn/202403/531436.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2421943460","content_text":"作者 I 杨文静 周佳丽逍遥子来了。今天（3月21日），晨壹投资正式宣布，原阿里巴巴集团董事会主席兼首席执行官张勇（逍遥子）将加盟晨壹基金，和创始人刘晓丹共同担任管理合伙人，聚焦并购投资新未来。这一幕让人颇为意外。犹然记得半年前告别阿里时，张勇曾获得阿里10亿美元的支持，设立面向未来的科技基金。彼时外界认为，张勇会创办一家新基金。但随着国内一级市场情况转变，最初的想法发生变化，他最终选择加盟并购基金——晨壹投资，踏入人生下一段征程。并购江湖无人不识刘晓丹。她毕业于北京大学，拥有近20年辉煌的投行生涯，曾是华泰联合的灵魂人物，操刀不少经典案例，“并购女王”之称由此而来。2019年，刘晓丹与昔日老部下共同组建了晨壹基金，首期基金一举募资68亿元。“在市场环境经历重大变化，投资逻辑发生系统性转变之际，张勇的加入，将助力晨壹基金升级迭代，更好地把握新一轮发展机遇。”并购江湖终于迎来标志性一幕。今天，张勇宣布下一站投身并购加盟晨壹基金，意味着张勇正式进军并购。他感性提到，“很高兴和晓丹成为事业合伙人。希望通过晨壹这个充满活力和创新精神的平台，聚焦技术发展和经济转型升级带来的产业变革和价值链重塑的巨大机遇，立足中国、放眼全球，融合双方在企业管理、产业运营和资本市场方面的能力和资源，打造面向未来并购投资的核心竞争力。”这是逍遥子退休后的最新一站。时间回到2007年，马云问张勇为什么来阿里巴巴，张勇回答：“我已经做过一个30亿美金的上市公司了，我想做一个300亿美金的上市公司，这是我来阿里的原因。”三年后，张勇按下“双11”的启动键，让正处于危险边缘的淘宝商城一炮而红，成就了后来的天猫。此后马云隐退，将张勇推上阿里CEO的位置，如今耳熟能详的天猫国际、菜鸟网络、盒马生鲜，以及此后攸关阿里命脉的阿里云都由他一手推动起来。转折发生在2023年9月，接任阿里巴巴集团董事会主席的蔡崇信在首封公开信中宣布，逍遥子正式离开阿里。彼时，阿里巴巴集团提出将投资10亿美金，支持张勇设立面向未来的科技基金，协助阿里对未来的科技布局，打造更好的生态环境，这是逍遥子的最后动向。时隔半年，逍遥子出山。谈及张勇加盟，刘晓丹表示，很荣幸与逍遥子合作，相信他的加入将进一步强化团队的专业能力，扩大全局视野，加速组织升级迭代。他极其丰富的商业管理经验和卓越的产业运营能力，将大大提升晨壹基金的价值创造能力，发掘并赋能那些引领行业发展的优秀整合者，助力提高行业整合效率。归去来兮，52岁的逍遥子再次启程。搭档刘晓丹：她是谁？相比张勇，刘晓丹在投资圈更为人熟知。早年毕业于北京大学，刘晓丹在2000年选择辞职下海，开启了她的并购生涯。后来，她跳槽汉唐证券，在那里带领并购团队在业内小有名声，后来她受邀加盟联合证券，传奇就此拉开帷幕。2006年，华泰增资入股联合，联合证券变更为华泰联合。2011年起，刘晓丹开始主管华泰联合大投行业务，很快又升任为公司的董事长。2016年至2020年，刘晓丹还曾担任美国AssetMark公司董事长，主导了华泰证券包括收购AssetMark、设立美国公司等在内的国际业务突破和布局，以及多次境内外重大资本运作，在圈内颇负盛名。刘晓丹也因而被认为是华泰联合的“灵魂人物”。因为正是在她的带领下，华泰联合得以从一个藉藉无名的区域券商变成投行界首屈一指的排头军，并购业务也成为华泰联合的头等招牌。直至2019年的夏天，刘晓丹温情告别华泰联合——“想在无限可能的未知世界中探索自己未来的无限可能。在今天选择结束自己的投行生涯，也是想去圆自己长久以来一个创业的梦想，而且对市场未来趋势的判断更是加剧了这种冲动。”于是，晨壹基金诞生。2020年6月，在紧锣密鼓的筹备下，晨壹基金正式亮相，刘晓丹在其官方微信发布了第一篇文章，她谈到，“多年市场沉浮，目睹许多戏剧性的故事和传奇，只有一个最深刻的领悟—专业才是这个市场最宝贵、最稀缺的资源。唯有专业才能持续创造价值，也唯有专业方可赢得尊重。因此始终心怀敬畏，坚守一线。”与此同时，她也透露——在极端艰困的市场条件下，短短几个月内，晨壹顺利完成基金50亿首次交割。半年后的2021年1月，晨壹投资宣布完成旗下首支人民币并购基金募资，总规模达68亿元，聚焦在医疗与健康、消费与服务、科技与制造三大领域。为人低调，这是刘晓丹留给圈内为数不多的统一印象。2024，并购时代“行业整合者更喜欢冬天”今年1月，晨壹投资联合迈瑞完成一笔A股罕见的超大并购案——迈瑞医疗斥资66.5亿元收购惠泰医疗24.61%的股份，一举拿下惠泰医疗的控制权。这笔收购是迈瑞医疗在心血管相关领域市场的重大布局，而30%的溢价收购也让惠泰医疗及其投资方成功赚钱。这笔罕见“A收A”并购轰动一时：当一级市场IPO退出愈发艰难，并购逐渐成为焦点。在此之前，并购市场在国内一直不温不火。直到2023年下半年，随着IPO政策整体收紧，并购被寄予了厚望。清科研究中心数据显示，2023年，境内外上市中企共399家，同比下降21.5%。IPO疲软，退出问题日益严峻。但VC/PE面临基金清算潮，需要及时退出给LP交代；而对于创始人来说，不少人面临股权回购的压力，即便挺进二级市场，也随时可能面临股价破发、解禁期大跌等诸多难以预测的窘况。时至今日，能体面退出意味着一切。因此，我们可以看到不少并购案诞生：今年1月，模拟芯片龙头思瑞浦斥资10亿美元收购创芯微，创芯微背后的十多家机构纷纷顺利实现退出；去年12月，制药公司阿斯利康收购细胞治疗企业亘喜生物，12亿美元溢价达到了100%；还有安踏宣布收购亚洲女性运动服饰品牌MAIA ACTIVE。2024年春节过后，某深圳人民币基金团队一边优化投资团队，一边在招聘并购组人员。“干完这一单后就要转并购了。”社交媒体上也有投资人透露今年内部的变化。回望中国创投20余年，每个低谷期都酝酿着一个新的时代。回想多年前，刘晓丹在谈到并购兴起时留下一句话：“行业整合者更喜欢冬天”。眼下一级市场正值寒冬，这一幕也许要来了。","news_type":1},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617104901,"gmtCreate":1654091094607,"gmtModify":1704858806694,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"牛批&nbsp;","listText":"牛批&nbsp;","text":"牛批","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617104901","repostId":"2240413421","repostType":2,"repost":{"id":"2240413421","kind":"news","pubTimestamp":1654090922,"share":"https://www.laohu8.com/m/news/2240413421?lang=&edition=full","pubTime":"2022-06-01 21:42","market":"us","language":"zh","title":"前PIMCO CEO：美国经济依旧强劲，美联储9月后应继续加息","url":"https://stock-news.laohu8.com/highlight/detail?id=2240413421","media":"智通财经","summary":"太平洋投资管理公司(PIMCO)前CEO Mohamed El-Erian周三表示，美国目前的经济仍然强劲，但他担心美联储会过早放松加息举措，导致通胀持续下去。El-Erian认为，美联储应暗示将继续","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/601099\">太平洋</a>投资管理公司(PIMCO)前CEO Mohamed El-Erian周三表示，美国目前的经济仍然强劲，但他担心美联储会过早放松加息举措，导致通胀持续下去。</p><p>El-Erian认为，美联储应暗示将继续加息，直到通胀得到控制。因此，他对美联储目前释放的信号有所担心，该信号暗示美联储将在9月份停止加息，以评估经济状况。</p><p>El-Erian表示，“我对美联储在9月暂停加息的想法感到非常困惑。美联储应该在接下来的两次会议之后发出信号，表明它打算继续升息，直到通胀预期得到充分控制。”</p><p>El-Erian认为，如果不采取积极行动，通胀问题将延续到明年，“不仅对市场，还会对实体经济造成影响”。</p><p>与此同时，El-Erian淡化了最终衰退的风险，声称“美国目前的经济仍然相当强劲”。他指出，劳动力市场是经济持续增长的有力支撑。</p></body></html>","source":"stock_zhitongcaijing","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>前PIMCO CEO：美国经济依旧强劲，美联储9月后应继续加息</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前PIMCO CEO：美国经济依旧强劲，美联储9月后应继续加息\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-01 21:42 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/732778.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>太平洋投资管理公司(PIMCO)前CEO Mohamed El-Erian周三表示，美国目前的经济仍然强劲，但他担心美联储会过早放松加息举措，导致通胀持续下去。El-Erian认为，美联储应暗示将继续加息，直到通胀得到控制。因此，他对美联储目前释放的信号有所担心，该信号暗示美联储将在9月份停止加息，以评估经济状况。El-Erian表示，“我对美联储在9月暂停加息的想法感到非常困惑。美联储应该在...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/732778.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{"161125":"标普500","513500":"标普500ETF","PSQ":"纳指反向ETF","SH":"标普500反向ETF","QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","BK4534":"瑞士信贷持仓","SSO":"两倍做多标普500ETF","DJX":"1/100道琼斯","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","QQQ":"纳指100ETF","SPY":"标普500ETF","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","SDOW":"道指三倍做空ETF-ProShares","QID":"纳指两倍做空ETF","BK4581":"高盛持仓","DXD":"道指两倍做空ETF","BK4504":"桥水持仓",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","IVV":"标普500指数ETF","UDOW":"道指三倍做多ETF-ProShares","OEX":"标普100","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","DDM":"道指两倍做多ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/732778.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240413421","content_text":"太平洋投资管理公司(PIMCO)前CEO Mohamed El-Erian周三表示，美国目前的经济仍然强劲，但他担心美联储会过早放松加息举措，导致通胀持续下去。El-Erian认为，美联储应暗示将继续加息，直到通胀得到控制。因此，他对美联储目前释放的信号有所担心，该信号暗示美联储将在9月份停止加息，以评估经济状况。El-Erian表示，“我对美联储在9月暂停加息的想法感到非常困惑。美联储应该在接下来的两次会议之后发出信号，表明它打算继续升息，直到通胀预期得到充分控制。”El-Erian认为，如果不采取积极行动，通胀问题将延续到明年，“不仅对市场，还会对实体经济造成影响”。与此同时，El-Erian淡化了最终衰退的风险，声称“美国目前的经济仍然相当强劲”。他指出，劳动力市场是经济持续增长的有力支撑。","news_type":1},"isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":615225587,"gmtCreate":1652980647449,"gmtModify":1652980647449,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"要回购？","listText":"要回购？","text":"要回购？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/615225587","repostId":"1153511060","repostType":2,"repost":{"id":"1153511060","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652960201,"share":"https://www.laohu8.com/m/news/1153511060?lang=&edition=full","pubTime":"2022-05-19 19:36","market":"us","language":"zh","title":"优信：计划从现在到11月14日之间监测公司收盘价","url":"https://stock-news.laohu8.com/highlight/detail?id=1153511060","media":"老虎资讯综合","summary":"将采取一切合理的措施重新符合纳斯达克的要求。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/UXIN\">优信</a>：收到纳斯达克的通知函，计划从现在到11月14日之间监测公司ADS的收盘价，将采取一切合理的措施重新符合纳斯达克的要求。</p><p><img src=\"https://static.tigerbbs.com/f1eb48b20ad711a946d6a979aad8927d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></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>优信：计划从现在到11月14日之间监测公司收盘价</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优信：计划从现在到11月14日之间监测公司收盘价\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-05-19 19:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/UXIN\">优信</a>：收到纳斯达克的通知函，计划从现在到11月14日之间监测公司ADS的收盘价，将采取一切合理的措施重新符合纳斯达克的要求。</p><p><img src=\"https://static.tigerbbs.com/f1eb48b20ad711a946d6a979aad8927d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ade1733a461c9483048e104ccc2d044","relate_stocks":{"UXIN":"优信"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153511060","content_text":"优信：收到纳斯达克的通知函，计划从现在到11月14日之间监测公司ADS的收盘价，将采取一切合理的措施重新符合纳斯达克的要求。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":612218061,"gmtCreate":1652352574053,"gmtModify":1652352574053,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"3000 能抗住？","listText":"3000 能抗住？","text":"3000 能抗住？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/612218061","repostId":"2234846944","repostType":2,"isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346022914,"gmtCreate":1617976014938,"gmtModify":1617976014938,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EBON\">$亿邦国际(EBON)$</a>干爆空头，有什么资格指手画脚","listText":"<a href=\"https://laohu8.com/S/EBON\">$亿邦国际(EBON)$</a>干爆空头，有什么资格指手画脚","text":"$亿邦国际(EBON)$干爆空头，有什么资格指手画脚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346022914","isVote":1,"tweetType":1,"viewCount":1215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":317243129,"gmtCreate":1612452260961,"gmtModify":1703762162292,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTK\">$Playtika Holding Corp.(PLTK)$</a>打压的越厉害，反弹的也越厉害，拭目以待","listText":"<a href=\"https://laohu8.com/S/PLTK\">$Playtika Holding Corp.(PLTK)$</a>打压的越厉害，反弹的也越厉害，拭目以待","text":"$Playtika Holding Corp.(PLTK)$打压的越厉害，反弹的也越厉害，拭目以待","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317243129","isVote":1,"tweetType":1,"viewCount":1394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":334876847,"gmtCreate":1610731888189,"gmtModify":1703746748257,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>发生了什么","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>发生了什么","text":"$AMC院线(AMC)$发生了什么","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/334876847","isVote":1,"tweetType":1,"viewCount":2578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":335448253,"gmtCreate":1610638145572,"gmtModify":1703745888421,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LX\">$乐信(LX)$</a>mark 该醒醒了","listText":"<a href=\"https://laohu8.com/S/LX\">$乐信(LX)$</a>mark 该醒醒了","text":"$乐信(LX)$mark 该醒醒了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/335448253","isVote":1,"tweetType":1,"viewCount":1963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":332448200,"gmtCreate":1610460694700,"gmtModify":1703744464161,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3521456159127007","idStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WIMI\">$微美全息(WIMI)$</a>敢不敢跌到三块钱？","listText":"<a href=\"https://laohu8.com/S/WIMI\">$微美全息(WIMI)$</a>敢不敢跌到三块钱？","text":"$微美全息(WIMI)$敢不敢跌到三块钱？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/332448200","isVote":1,"tweetType":1,"viewCount":1125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":346022914,"gmtCreate":1617976014938,"gmtModify":1617976014938,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EBON\">$亿邦国际(EBON)$</a>干爆空头，有什么资格指手画脚","listText":"<a href=\"https://laohu8.com/S/EBON\">$亿邦国际(EBON)$</a>干爆空头，有什么资格指手画脚","text":"$亿邦国际(EBON)$干爆空头，有什么资格指手画脚","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346022914","isVote":1,"tweetType":1,"viewCount":1215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":334876847,"gmtCreate":1610731888189,"gmtModify":1703746748257,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>发生了什么","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC院线(AMC)$</a>发生了什么","text":"$AMC院线(AMC)$发生了什么","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/334876847","isVote":1,"tweetType":1,"viewCount":2578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":335448253,"gmtCreate":1610638145572,"gmtModify":1703745888421,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LX\">$乐信(LX)$</a>mark 该醒醒了","listText":"<a href=\"https://laohu8.com/S/LX\">$乐信(LX)$</a>mark 该醒醒了","text":"$乐信(LX)$mark 该醒醒了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/335448253","isVote":1,"tweetType":1,"viewCount":1963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":317243129,"gmtCreate":1612452260961,"gmtModify":1703762162292,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTK\">$Playtika Holding Corp.(PLTK)$</a>打压的越厉害，反弹的也越厉害，拭目以待","listText":"<a href=\"https://laohu8.com/S/PLTK\">$Playtika Holding Corp.(PLTK)$</a>打压的越厉害，反弹的也越厉害，拭目以待","text":"$Playtika Holding Corp.(PLTK)$打压的越厉害，反弹的也越厉害，拭目以待","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/317243129","isVote":1,"tweetType":1,"viewCount":1394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":332448200,"gmtCreate":1610460694700,"gmtModify":1703744464161,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WIMI\">$微美全息(WIMI)$</a>敢不敢跌到三块钱？","listText":"<a href=\"https://laohu8.com/S/WIMI\">$微美全息(WIMI)$</a>敢不敢跌到三块钱？","text":"$微美全息(WIMI)$敢不敢跌到三块钱？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/332448200","isVote":1,"tweetType":1,"viewCount":1125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":311151000178816,"gmtCreate":1716984746291,"gmtModify":1716984748218,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/311151000178816","repostId":"1129581411","repostType":2,"repost":{"id":"1129581411","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1716973059,"share":"https://www.laohu8.com/m/news/1129581411?lang=&edition=full","pubTime":"2024-05-29 16:57","market":"hk","language":"zh","title":"瑞银：腾讯无意发行可换股债券，更愿意继续回购自家股份","url":"https://stock-news.laohu8.com/highlight/detail?id=1129581411","media":"老虎资讯综合","summary":"相信回购自家股份或外部投资所产生的内部报酬率(IRR)更高。","content":"<html><head></head><body><p>瑞银发表报告指出，与腾讯首席战略官James Mitchell进行炉边谈话，<strong>集团透露无意发行可换股债券，因集团自由现金流强劲(该行料2024财年达340亿美元)、投资组合规模大，加上于3月底止拥有120亿美元的净现金，有望继续为股份回购提供资金。</strong>尽管票面利率较低，但管理层认为发行可转债的实际成本是最终导致股权稀释，相信回购自家股份或外部投资所产生的内部报酬率(IRR)更高。</p><p>该行引述腾讯管理层对人工智能初创公司投资方面较为谨慎，并持选择性态度，目前投资表现良好。腾讯在算力及内容方面具有优势。此外，随着削减成本的时代基本过去，腾讯仍能从收入结构的转变和高毛利率的新业务中，实现明显的毛利上升空间。投资方面，虽然主要的投资组合是基于财务决策，惟部分战略合作关系，如对游戏工作室和唱片公司的上游投资，仍有待全面展开。</p><p>该行认为腾讯管理层对前景正面，已明确提出未来的增长动力，包括近期成功推出《地下城与勇士》及Supercell游戏正恢复，以及中期电商直播、AI与投资等因素。该行重申对腾讯“买入”评级，目标价480港元。</p></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>瑞银：腾讯无意发行可换股债券，更愿意继续回购自家股份</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瑞银：腾讯无意发行可换股债券，更愿意继续回购自家股份\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2024-05-29 16:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>瑞银发表报告指出，与腾讯首席战略官James Mitchell进行炉边谈话，<strong>集团透露无意发行可换股债券，因集团自由现金流强劲(该行料2024财年达340亿美元)、投资组合规模大，加上于3月底止拥有120亿美元的净现金，有望继续为股份回购提供资金。</strong>尽管票面利率较低，但管理层认为发行可转债的实际成本是最终导致股权稀释，相信回购自家股份或外部投资所产生的内部报酬率(IRR)更高。</p><p>该行引述腾讯管理层对人工智能初创公司投资方面较为谨慎，并持选择性态度，目前投资表现良好。腾讯在算力及内容方面具有优势。此外，随着削减成本的时代基本过去，腾讯仍能从收入结构的转变和高毛利率的新业务中，实现明显的毛利上升空间。投资方面，虽然主要的投资组合是基于财务决策，惟部分战略合作关系，如对游戏工作室和唱片公司的上游投资，仍有待全面展开。</p><p>该行认为腾讯管理层对前景正面，已明确提出未来的增长动力，包括近期成功推出《地下城与勇士》及Supercell游戏正恢复，以及中期电商直播、AI与投资等因素。该行重申对腾讯“买入”评级，目标价480港元。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129581411","content_text":"瑞银发表报告指出，与腾讯首席战略官James Mitchell进行炉边谈话，集团透露无意发行可换股债券，因集团自由现金流强劲(该行料2024财年达340亿美元)、投资组合规模大，加上于3月底止拥有120亿美元的净现金，有望继续为股份回购提供资金。尽管票面利率较低，但管理层认为发行可转债的实际成本是最终导致股权稀释，相信回购自家股份或外部投资所产生的内部报酬率(IRR)更高。该行引述腾讯管理层对人工智能初创公司投资方面较为谨慎，并持选择性态度，目前投资表现良好。腾讯在算力及内容方面具有优势。此外，随着削减成本的时代基本过去，腾讯仍能从收入结构的转变和高毛利率的新业务中，实现明显的毛利上升空间。投资方面，虽然主要的投资组合是基于财务决策，惟部分战略合作关系，如对游戏工作室和唱片公司的上游投资，仍有待全面展开。该行认为腾讯管理层对前景正面，已明确提出未来的增长动力，包括近期成功推出《地下城与勇士》及Supercell游戏正恢复，以及中期电商直播、AI与投资等因素。该行重申对腾讯“买入”评级，目标价480港元。","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286724631814440,"gmtCreate":1711021268584,"gmtModify":1711021270212,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"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/286724631814440","repostId":"2421943460","repostType":2,"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617104901,"gmtCreate":1654091094607,"gmtModify":1704858806694,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"牛批&nbsp;","listText":"牛批&nbsp;","text":"牛批","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617104901","repostId":"2240413421","repostType":2,"isVote":1,"tweetType":1,"viewCount":968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":615225587,"gmtCreate":1652980647449,"gmtModify":1652980647449,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"要回购？","listText":"要回购？","text":"要回购？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/615225587","repostId":"1153511060","repostType":2,"isVote":1,"tweetType":1,"viewCount":1419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":612218061,"gmtCreate":1652352574053,"gmtModify":1652352574053,"author":{"id":"3521456159127007","authorId":"3521456159127007","name":"F1D189","avatar":"https://static.tigerbbs.com/bbc1a90d5d379acef761df781be13344","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3521456159127007","authorIdStr":"3521456159127007"},"themes":[],"htmlText":"3000 能抗住？","listText":"3000 能抗住？","text":"3000 能抗住？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/612218061","repostId":"2234846944","repostType":2,"repost":{"id":"2234846944","kind":"highlight","pubTimestamp":1652345006,"share":"https://www.laohu8.com/m/news/2234846944?lang=&edition=full","pubTime":"2022-05-12 16:43","market":"hk","language":"zh","title":"华尔街最大空头：悲观预期下，标普可能跌到3350点","url":"https://stock-news.laohu8.com/highlight/detail?id=2234846944","media":"华尔街见闻","summary":"大摩长期看空美股的首席策略师Michael Wilson指出，股市大跌尚未结束，“冰”的情景已经来临，并会持续更久。在悲观预期下，利润压力持续存在，销售增长大幅减速，每股收益增长转负，出现经济衰退。","content":"<html><body><p>近日，美股接连暴跌，三大股指均创下一年多来新低。</p>\n<p>暴跌之后，市场出现不同声音。<a href=\"https://laohu8.com/S/GS\">高盛</a>策略师Peter Oppenheimer认为投资者已经消化了很多负面情绪，暗示暴跌后创造买入机会。而<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>长期看空美股的首席股票策略师Michael Wilson则在最新的报告中重申，<strong>股市大跌尚未结束，随着经济增长放缓的担忧加剧，认为美股仍有进一步回调空间。</strong></p>\n<p>Wilson警告称，美股尚未给当前放缓的经济增长定价。根据<span>Wilson</span>的公允价值框架，标普500指数当前定价仍是错误的，他利用PMI与股票风险溢价随时间变化的关系，预测出当前水平下远期市盈率是16倍，标普指数的价格区间为3700-3800点。</p>\n<p><img src=\"https://wpimg.wallstcn.com/fbb55a8e-ab02-419f-9dfa-daea94d7598a.jpg\"/></p>\n<p>但这只是温和情况预测，<strong>Wilson认为“冰”的情景已经来临，并会持续更久。在悲观预期下，明年第二季度标普指数可能跌到3350点。</strong></p>\n<h2>“冰”的情景已经来临，并会持续更久</h2>\n<p>先来回顾一下“冰与火”的基本情景设定，去年，Wilson在报告中指出，市场正处于“冰”与“火”的对弈之中，“火”即经济复苏过热，通胀居高不下，美联储开启紧缩政策；“冰”指消费者信心急剧下降，经济陷入衰退。</p>\n<p>快进到现在，这些情景正在发生，通胀达到40年来最高水平，美联储比预期更早地转向强硬的货币政策，消费者信心出现下降的迹象，“冰”的情景来临。</p>\n<p>从增长率的角度来看，公司盈利增长率超过前一个周期的峰值后，现在开始减速。积极经营杠杆带来的早中期收益已经过去，美国企业现在将面临着销售增长减速和成本上升的局面，利润率压缩和增长放缓将导致盈利增长放缓。再加上采购经理人指数（PMI）的减速，Wilson预计明年的收益增长将出现下滑。</p>\n<p><img src=\"https://wpimg.wallstcn.com/516f4b31-2a4b-44de-b547-8d862e2c1f0d.jpg\"/></p>\n<p>同时，Wilson预计未来12个月股市波动率将保持较高水平。<strong>盈利增长放缓和波动率上升让他坚信，“冰”的情景已经到来，而且持续的时间比预计的更久。</strong></p>\n<p><strong>为什么Wilson的“冰”情景能在一个更热更短的周期内持续下去？原因有四点：</strong></p>\n<blockquote>\n<p>俄乌冲突加剧了通胀压力，尤其是在能源和食品方面，这些成本压力将继续影响本已低迷的消费者情绪。</p>\n<p>劳动力和投入成本压力仍然存在，并对企业利润率构成风险。</p>\n<p>紧缩的货币政策正在产生经济影响，尤其是在住房市场，抵押贷款成本不断上升，家庭的负担能力正在恶化。</p>\n<p>消费品库存存在过剩的迹象，这意味着公司定价能力会受影响，并可能会持续几个季度。</p>\n</blockquote>\n<h2>美股的三种预期情景</h2>\n<p><strong>最后，Wilson给出到美股三种不同的预期情景。</strong></p>\n<p><strong>1、温和情况预测：3900点</strong></p>\n<p>在这种情况下，市场远期（2024年6月）每股收益为236美元，市盈率为16.5倍。由于收益、经济、政策和地缘政治的不确定性仍然很高，股票风险溢价（约325个基点）上升。鉴于市场短期内可能超过预测的基本情况，下跌的风险增加。</p>\n<p>在收益方面，随着成本压力继续加大，盈利增长放缓。到2024年，盈利预测远低于普遍预期。具体来看，2022年增长率8%（普遍为10%），2023年增长5%（普遍为10%），2024年增长0%（普遍为9%）。</p>\n<p>简言之，随着需求放缓和成本压力侵蚀利润率，新冠疫情后的超额收益减少。</p>\n<p>一句话总结：“火”和“冰”两种情景并存，因为美联储在经济增长放缓的环境下继续收紧政策。预计收益增长将放缓，市盈率降低，波动性加剧，未来12个月的市盈率和目标区间可能会在出现下行。</p>\n<p><strong>2、牛市情景预测：4450点</strong></p>\n<p>在牛市的情况下，预测市场（2024年6月）每股收益为249美元，市盈率为17.9倍。美联储在牛市中实现了软着陆。美联储的鹰派路线对美国经济增长没有风险，随着通胀消退，消费者信心反弹，供应链有序恢复，成本压力随着通胀走低而缓解，企业保持定价有时，积累的过剩库存被家庭需求吸收。</p>\n<p>这种情况还可能涉及疫情变化以及欧洲地缘政治形势好转。在这种背景下，市盈率扩大到17.9倍，股票风险溢价保持在低点（约280个基点）附近。在收益方面，增长不大，但到2024年仍为正值，利润压力减小。</p>\n<p>一句话总结：收入增长放缓，但仍然是积极的，随着通货膨胀得到遏制，消费者信心反弹，消费品过剩库存被消耗，成本压力减轻，实现软着陆，市盈率有进一步扩大的空间。</p>\n<p><strong>3、熊市情景预测：3350点</strong></p>\n<p>在熊市中，预测远期（2024年6月）每股收益为212美元，市盈率为15.9倍。这种情况下出现经济衰退。Wilson预计收入增长在2022年减速，然后在2023年转负（-10%）。2024年每股收益增长率在走出衰退后开始反弹，全年增长17%。</p>\n<p>在这种情况下，2022年和2023年的利润率压缩更为严重，到2023年，销售增长出现收缩，通胀保持正增长。</p>\n<p>一句话总结：劳动力成本上升导致的利润压力持续存在，销售增长大幅减速，这种情况使得2023年的每股收益增长转负。与此同时，尽管经济增长放缓，金融环境趋紧，但更为顽固的通胀仍让美联储走在鹰派道路上。</p></body></html>","source":"wallstreetcn_api","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>华尔街最大空头：悲观预期下，标普可能跌到3350点</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n华尔街最大空头：悲观预期下，标普可能跌到3350点\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-12 16:43 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3659186><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，美股接连暴跌，三大股指均创下一年多来新低。\n暴跌之后，市场出现不同声音。高盛策略师Peter Oppenheimer认为投资者已经消化了很多负面情绪，暗示暴跌后创造买入机会。而摩根士丹利长期看空美股的首席股票策略师Michael Wilson则在最新的报告中重申，股市大跌尚未结束，随着经济增长放缓的担忧加剧，认为美股仍有进一步回调空间。\nWilson警告称，美股尚未给当前放缓的经济增长定价。...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3659186\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","DOG":"道指反向ETF","BK4559":"巴菲特持仓",".DJI":"道琼斯","SSO":"两倍做多标普500ETF","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","OEX":"标普100","SQQQ":"纳指三倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","BK4581":"高盛持仓","SPY":"标普500ETF","QQQ":"纳指100ETF","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","DJX":"1/100道琼斯","DXD":"道指两倍做空ETF","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","BK4534":"瑞士信贷持仓","SH":"标普500反向ETF","DDM":"道指两倍做多ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","IVV":"标普500指数ETF"},"source_url":"https://wallstreetcn.com/articles/3659186","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234846944","content_text":"近日，美股接连暴跌，三大股指均创下一年多来新低。\n暴跌之后，市场出现不同声音。高盛策略师Peter Oppenheimer认为投资者已经消化了很多负面情绪，暗示暴跌后创造买入机会。而摩根士丹利长期看空美股的首席股票策略师Michael Wilson则在最新的报告中重申，股市大跌尚未结束，随着经济增长放缓的担忧加剧，认为美股仍有进一步回调空间。\nWilson警告称，美股尚未给当前放缓的经济增长定价。根据Wilson的公允价值框架，标普500指数当前定价仍是错误的，他利用PMI与股票风险溢价随时间变化的关系，预测出当前水平下远期市盈率是16倍，标普指数的价格区间为3700-3800点。\n\n但这只是温和情况预测，Wilson认为“冰”的情景已经来临，并会持续更久。在悲观预期下，明年第二季度标普指数可能跌到3350点。\n“冰”的情景已经来临，并会持续更久\n先来回顾一下“冰与火”的基本情景设定，去年，Wilson在报告中指出，市场正处于“冰”与“火”的对弈之中，“火”即经济复苏过热，通胀居高不下，美联储开启紧缩政策；“冰”指消费者信心急剧下降，经济陷入衰退。\n快进到现在，这些情景正在发生，通胀达到40年来最高水平，美联储比预期更早地转向强硬的货币政策，消费者信心出现下降的迹象，“冰”的情景来临。\n从增长率的角度来看，公司盈利增长率超过前一个周期的峰值后，现在开始减速。积极经营杠杆带来的早中期收益已经过去，美国企业现在将面临着销售增长减速和成本上升的局面，利润率压缩和增长放缓将导致盈利增长放缓。再加上采购经理人指数（PMI）的减速，Wilson预计明年的收益增长将出现下滑。\n\n同时，Wilson预计未来12个月股市波动率将保持较高水平。盈利增长放缓和波动率上升让他坚信，“冰”的情景已经到来，而且持续的时间比预计的更久。\n为什么Wilson的“冰”情景能在一个更热更短的周期内持续下去？原因有四点：\n\n俄乌冲突加剧了通胀压力，尤其是在能源和食品方面，这些成本压力将继续影响本已低迷的消费者情绪。\n劳动力和投入成本压力仍然存在，并对企业利润率构成风险。\n紧缩的货币政策正在产生经济影响，尤其是在住房市场，抵押贷款成本不断上升，家庭的负担能力正在恶化。\n消费品库存存在过剩的迹象，这意味着公司定价能力会受影响，并可能会持续几个季度。\n\n美股的三种预期情景\n最后，Wilson给出到美股三种不同的预期情景。\n1、温和情况预测：3900点\n在这种情况下，市场远期（2024年6月）每股收益为236美元，市盈率为16.5倍。由于收益、经济、政策和地缘政治的不确定性仍然很高，股票风险溢价（约325个基点）上升。鉴于市场短期内可能超过预测的基本情况，下跌的风险增加。\n在收益方面，随着成本压力继续加大，盈利增长放缓。到2024年，盈利预测远低于普遍预期。具体来看，2022年增长率8%（普遍为10%），2023年增长5%（普遍为10%），2024年增长0%（普遍为9%）。\n简言之，随着需求放缓和成本压力侵蚀利润率，新冠疫情后的超额收益减少。\n一句话总结：“火”和“冰”两种情景并存，因为美联储在经济增长放缓的环境下继续收紧政策。预计收益增长将放缓，市盈率降低，波动性加剧，未来12个月的市盈率和目标区间可能会在出现下行。\n2、牛市情景预测：4450点\n在牛市的情况下，预测市场（2024年6月）每股收益为249美元，市盈率为17.9倍。美联储在牛市中实现了软着陆。美联储的鹰派路线对美国经济增长没有风险，随着通胀消退，消费者信心反弹，供应链有序恢复，成本压力随着通胀走低而缓解，企业保持定价有时，积累的过剩库存被家庭需求吸收。\n这种情况还可能涉及疫情变化以及欧洲地缘政治形势好转。在这种背景下，市盈率扩大到17.9倍，股票风险溢价保持在低点（约280个基点）附近。在收益方面，增长不大，但到2024年仍为正值，利润压力减小。\n一句话总结：收入增长放缓，但仍然是积极的，随着通货膨胀得到遏制，消费者信心反弹，消费品过剩库存被消耗，成本压力减轻，实现软着陆，市盈率有进一步扩大的空间。\n3、熊市情景预测：3350点\n在熊市中，预测远期（2024年6月）每股收益为212美元，市盈率为15.9倍。这种情况下出现经济衰退。Wilson预计收入增长在2022年减速，然后在2023年转负（-10%）。2024年每股收益增长率在走出衰退后开始反弹，全年增长17%。\n在这种情况下，2022年和2023年的利润率压缩更为严重，到2023年，销售增长出现收缩，通胀保持正增长。\n一句话总结：劳动力成本上升导致的利润压力持续存在，销售增长大幅减速，这种情况使得2023年的每股收益增长转负。与此同时，尽管经济增长放缓，金融环境趋紧，但更为顽固的通胀仍让美联储走在鹰派道路上。","news_type":1},"isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}