报告指出，富卫已建立差异化的业务及客户组合，2024财年总年度化保费中，中国香港、东盟及日本分 别占42%、52%及6%，并采用多渠道结构。值得注意的是，泰国贡献30%的新业务，使富卫成为泰国第 二大保险公司，市场份额达15%。小摩认为，东盟市场复苏或泰国业务反弹可成为关键上行催化剂。 摩根大通发布研报称，首次覆盖富卫集团(01828)予"增持"评级，目标价50港元，相当于预测2027财年 内含价值1.1倍。小摩预测2027财年新业务价值将达11亿美元，与友邦保险2012年12亿美元的新业务价 值水平相若。该股目前股价较其呈报内含价值存在折让，该行认为此估值属便宜。 富卫是泛亚洲地区最大的人寿保险公司之一，在中国香港、泰国及日本拥有重要的区域业务布局。小摩 相信公司具备引人入胜的增长故事，预计未来两年新业务价值将持续录得10%的增长，经营溢利复合年 增长率达16%。 ...

卧龙电气驱动集团股份有限公司(简称：卧龙电驱（600580）(600580.SH))于2025年8月13日所递交的港股招股书满6个月，于2026年2月13日失效，递表时中 金公司（601995）、华泰国际、广发证券(香港)为联席保荐人。 招股书显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，公司专注于电驱动系统产品及解决方案的研发、生产、销售和服务。根据弗若斯特沙 利文的资料，按2024年收入计，卧龙电驱(i)在全球防爆电驱动系统解决方案市场排名第一，市场份额约为4.5%;(ii)在全球工业电驱动系统解决方案市场排名 第四，市场份额约为2.8%;及(iii)在全球暖通电驱动系统解决方案市场排名第五，市场份额约为2.0%。 | | 13/08/2025 整體協調人公告 - 委任 歴 | | --- | --- | | 13/08/2025 | 臥龍電氣驅動集團股份有限公司 13/08/2025 申請版本（第一次呈交） 全文檔案 [四]多檔案 > | ...

Core Viewpoint - Guoen Technology (02768) experienced a significant stock price increase, reaching a new high of 54.45 HKD, with a current rise of 10.33% to 51.9 HKD and a trading volume of 95.4 million HKD [1] Company Overview - Guoen Technology is a Chinese supplier focused on chemical new materials, gelatin, and collagen upstream and downstream products [1] - According to Frost & Sullivan, Guoen Technology is the second-largest organic polymer modified materials and organic polymer composite materials company in China by sales revenue, holding a market share of 2.5% in 2024 [1] - In terms of production capacity, Guoen Technology is projected to be the largest polystyrene company in China by 2024 [1] Market Development - On February 4, the Shenzhen Stock Exchange announced that Guoen Technology's listing on the Hong Kong Stock Exchange does not apply to the price stabilization mechanism, and after 10 trading days of its A-share listing, adjustments to the Hong Kong Stock Connect securities list will take effect from February 4, 2026, including Guoen Technology [1]

巨星农牧（603477）(603477.SH)发布公告，公司2026年1月商品肥猪销售量为40.44万头，同比增长 61.28%。 ...

管理层指，公司已做好充分准备以应对内存及晶片成本上升带来的压力，透过提高平均售价、改善产品 组合及存货管理来缓解影响。该行将2026至2028财年的经调整净利润预测分别上调5.7%、9.7%及 4.3%，至18.33亿美元、17.7亿美元及21.78亿美元，以反映PC和智能手机出货量，以及方案与服务业务 (SSG)与IDG和SSG业务的影响因素。 大华继显发布研报称，联想集团(00992)第三财季业绩表现稳健，主要受惠于各业务板块收入增长较预 期强劲，以及经营利润率具韧性，维持"持有"评级，目标价由9.7港元微升至9.85港元。 ...

优利德(688628.SH)发布2025年度业绩快报，报告期内，公司2025年度实现营业收入12.21亿元，同比增 长7.99%;实现归属于母公司所有者的净利润1.52亿元，同比下降16.88%。 ...

Group 1 - A consortium of private credit firms, led by Goldman Sachs Alternative Investment Fund, will provide $3.5 billion to support the acquisition of Clearwater Analytics (CWAN.US) [1] - The debt issuance will carry a premium of 4.5 percentage points over the U.S. benchmark interest rate [1] - The acquisition, led by private equity firms Permira Holdings and Warburg Pincus, values Clearwater at approximately $8.4 billion and is expected to close by mid-2026 [1] Group 2 - Clearwater provides a cloud software platform for institutional investors in both public and private markets [2] - Recent market focus on the potential of artificial intelligence replacing software services has led to a decline in debt prices for some companies, casting a shadow over private equity investments in software [2] - The financing for the acquisitions of OneStream and Clearwater indicates that private credit institutions remain open to the software sector despite scrutiny over their exposure to risks [2]

莱斯信息(688631.SH)披露2025年度业绩快报，2025年，公司实现营业总收入12.74亿元，同比下降 20.89%;实现归属于母公司所有者的净利润5523.29万元，同比下降57.20%。 报告期内公司业绩较上年同期下降主要系本年城市道路交通管理领域收入规模较去年同期下降较多所 致;此外受本年利息收入、其他收益及投资收益同比减少的影响，公司净利润下降较多。 ...

智通财经APP获悉，香港联交所最新资料显示，2月10日，高丽减持飞扬集团(01901)2251.6万股，每股 作价0.39港元，总金额约为878.12万港元。减持后最新持股数目为8141万股，最新持股比例为8.15%。 （原标题：高丽减持飞扬集团(01901)2251.6万股 每股作价0.39港元） ...

Group 1 - PayPay, a Japanese payment application operator under SoftBank, is advancing its IPO plans after delays caused by the U.S. government shutdown, with expectations to raise over $2 billion and a potential valuation exceeding 3 trillion yen [1] - The company initially planned to go public in December 2022, but regulatory approval was postponed due to the longest government shutdown in U.S. history [1] - PayPay's IPO will be the first major listing of a SoftBank majority-owned investment project in the U.S. since the notable IPO of Arm Holdings in 2023, as SoftBank seeks to raise funds for its expanding AI initiatives [1] Group 2 - For the nine months ending December 31, PayPay reported a profit of 103.3 billion yen (approximately $675 million) and revenue of 278.5 billion yen, compared to a profit of 29 billion yen and revenue of 220.4 billion yen in the same period the previous year [2] - Analysts highlight PayPay's impressive growth and profitability, suggesting it meets the criteria for premium valuation among high-quality companies, with expectations that a successful IPO could boost the U.S. IPO market [2] - Founded in 2018 by SoftBank and Yahoo Japan, PayPay has played a significant role in Japan's digital transformation, rapidly becoming one of the most widely used payment platforms with approximately 72 million registered users as of December 31 [2] Group 3 - Japan has seen a significant increase in cashless payment adoption, although it still lags behind other countries in payment technology, indicating substantial growth potential [3] - Analysts predict that PayPay's strong market presence and the accelerating trend towards cashless payments in Japan may allow it to enjoy a premium valuation compared to its fintech peers listed in the U.S. [3] - While initially focused on cashless payments, PayPay has expanded its services to include credit, banking, securities, and insurance [3]