Group 1 - Morgan Stanley reaffirms its bullish strategy on the Chinese consumer market ahead of the Lunar New Year, focusing on high-end liquor, premium protein (new dairy products and black-haired cattle), key condiments, gold, and the tourism industry [1] - Historical data indicates that the appreciation of the RMB against the USD will enhance returns in the Chinese stock market, with cyclical or growth stocks typically outperforming defensive stocks [1] - Morgan Stanley maintains a positive outlook on the Chinese stock market but emphasizes the need for more refined stock selection, highlighting preferred stocks such as Tencent, Lao Pu Gold, MGM China, TAL Education, Trip.com, Haitian Flavoring, Kweichow Moutai, Mengniu, and Wuliangye [1]

Core Viewpoint - Citigroup expresses optimism about Dazhu CNC as a leading PCB drilling equipment manufacturer in China, benefiting from strong demand from domestic AI PCB manufacturers like Shenghong Technology [1] Group 1: Financial Forecasts - Citigroup raises Dazhu CNC's earnings forecasts for 2025 and 2026 by 18% and 21% respectively, reflecting better-than-expected preliminary performance [1] - The target price for Dazhu CNC's A-shares is increased by approximately 14% to 160 CNY [1] Group 2: Ratings and Market Position - The rating for Dazhu CNC is downgraded from "Buy/High Risk" to "Neutral" due to the growth potential of the mechanical drilling business being largely reflected in the stock price [1] - Citigroup initiates coverage on Dazhu CNC's Hong Kong shares with a "Buy" rating and a target price of 142 HKD, citing a 36% discount compared to the average price of A-shares over the past month, making the risk-reward profile more attractive [1] Group 3: Business Segments - There remains uncertainty regarding the upside potential of the laser drilling business, which could impact future growth [1]

Group 1 - The A-share market saw a collective surge in film stocks, with notable performances including a 20% increase in Jiecheng Co., a nearly 15% rise in Light Media, and several other companies reaching their daily limit of 10% increase [1] - The pre-sale box office for new films during the 2026 Spring Festival has exceeded 70 million yuan as of February 9, indicating strong market interest [1] - According to a report by China International Capital Corporation (CICC), the total box office for this year's Spring Festival is expected to range between 6.5 billion yuan and 8.5 billion yuan, with the performance of leading films playing a crucial role in determining the final box office outcome [1] Group 2 - Jiecheng Co. has a market capitalization of 22.5 billion yuan and has seen a year-to-date increase of 53.08% [2] - Light Media has a market capitalization of 71.8 billion yuan and a year-to-date increase of 49.39% [2] - Hengdian Film has achieved a remarkable year-to-date increase of 143.73%, with a market capitalization of 25.6 billion yuan [2]

Group 1 - The A-share market continues to show strength in AI application concepts, with companies like Zhongwen Online and Jiecheng Co. experiencing significant stock price increases [1] - Zhongwen Online reached a 20% limit up after a strong performance, while other companies such as Jiecheng Co., Rongxin Culture, and Sanlian Hongpu also showed robust gains [1] - The AI video generation model Seedance 2.0, launched by ByteDance, has gained attention for its ability to create high-quality videos from text or images in just 60 seconds, featuring a unique multi-scene narrative function [1] Group 2 - Jiecheng Co. saw a stock increase of 20.03%, with a total market value of 22.5 billion and a year-to-date increase of 53.08% [2] - Rongxin Culture experienced a 20% rise, with a market value of 4.278 billion and a year-to-date increase of 63.10% [2] - Zhongwen Online's stock rose by 12.64%, with a market value of 29 billion and a year-to-date increase of 58.20% [2]

Group 1 - The CPO concept stocks in the A-share market experienced a broad increase, with notable gains from several companies [1] - Changfei Fiber Optics saw an increase of over 8%, while Jepu Te rose by 5% [1] - Other companies such as Tiantong Co., Guangxun Technology, and Ruijie Networks increased by over 4% [1] Group 2 - The following are the performance details of key stocks: - Changfei Leishe (601869) increased by 8.37%, with a total market value of 172.5 billion and a year-to-date increase of 79.06% [2] - Jepu Te (688025) rose by 5.08%, with a market value of 21.2 billion and a year-to-date increase of 57.91% [2] - Tiantong Co. (600330) increased by 4.81%, with a market value of 22 billion and a year-to-date increase of 36.10% [2] - Guangxun Technology (002281) rose by 4.34%, with a market value of 59 billion and a year-to-date increase of 4.49% [2] - Ruijie Networks (301165) increased by 4.01%, with a market value of 63.8 billion and a year-to-date decrease of 9.72% [2] - Other companies also showed positive performance, with increases ranging from 1.22% to 3.74% [2]

格隆汇2月10日｜据彭博引述一份内部备忘录显示，耐克旗下品牌匡威本周指示员工在家工作，并为部 分员工设立新职位及调整团队编制，以配合公司作出策略调整。匡威首席执行官Aaron Cain称，公司不 得不作出艰难决定，当中包括裁员。耐克此前已在配送中心裁减数百名员工，并于去年重组期间裁减不 足1%的企业员工。 ...

交易面上，主要软件ETF的交易量与隐含波动率同步飙升，显示市场进入恐慌性抛售阶段。花旗认为， 这类极端交易行为通常代表抛售高潮，短期可能出现技术性反弹，但不代表长期风险解除。 格隆汇2月10日｜花旗最新策略报告指出，当前软件与服务板块的下跌核心来自市场对"AI颠覆"的终端 价值重估，而非短期基本面恶化。市场目前已反映终端市盈率压缩约10%-20%，若未来压缩幅度扩大至 30%，板块股价可能回落至2023年中期低点甚至更低水平，意味长期终端价值恐蒸发约三分之一。 花旗指出，AI带来的终端价值重估并不会消失，软件产业将从过去的全面普涨，转向高度个股分化阶 段。未来市场将重点检视企业AI融合能力，能利用AI提升效率者可能持续成长，而商业模式易被AI替 代者则面临长期压力。花旗认为，当前市场正进入一个波动性更高的牛市阶段，而软件股正处于其中最 剧烈的调整区段。 ...

来源：信报 过去一年，全球加息、通胀反复及地缘政治因素交织，令资源类商品价格与供应链不 身为境外上市平台，承担母公司国际化拓展使命，三者定位分明、协同联动，共同建构中核在全球铀资 源领域的战略布局。 聚焦高质量增长 在供需演变格局下，公司计划从规模、资金与数字化三方面重点部署。中核国际认为，主要经济体未来 一年在推进核电与电力系统低碳化的进程中，核燃料需求继续保持增长弹性；同时，市场研究显示现货 铀价至2026年底或有进一步上行空间，供需缺口有望扩大。至于供应方面，中核国际认为铀矿产能释放 受项目节奏与政策因素影响，短期供给偏紧的格局可能延续，交易结构与库存管理的重要性将进一步提 升。 为提升投资价值与保持高质量增长，中核国际将继续积极参与国际市场投标，稳步扩大贸易规模、提升 市场曝光度，并探索多元化融资渠道，以配合贸易扩张与周转效率提升，强化现金流与风险管理，支撑 规模与利润的协同增长。 确定性上升。同时，全球主要经济体推进电力系统低碳化，配合人工智能带动数据中心用电需求增长， 核电稳定输出与低排放优势受到市场关注。在此背景下，中核国际有限公司(02302)(下称「中核国际」) 身为中国核工业集团有限公司( ...

Core Viewpoint - The company is actively advancing the construction of computing power centers and the implementation of "computing power + scenarios" [1] Group 1: Business Strategy - The company will continue to increase R&D investment in computing power, cloud computing, and cloud services [1] - The focus will be on enhancing computing power levels and accelerating the layout of computing power and cloud computing services [1] - The company aims to strengthen its compliance business development and provide security solutions to enhance core competitiveness [1] Group 2: Innovation and Development - The company will concentrate on its main business and steadily promote various core operations [1] - R&D innovation will be the guiding principle, with an emphasis on increasing independent research and development [1] - The company seeks to continuously improve technology and service quality in areas such as digital cities, cybersecurity, and information security [1] Group 3: Market Positioning - Leveraging its geographical advantages, the company plans to use industry-leading technology and decades of experience as a driving force [1] - The company will actively respond to the national "Belt and Road" initiative, promoting the development of digital cities and communication infrastructure in Central Asian countries [1] - The goal is to grow the enterprise to better reward investors [1]

Core Viewpoint - The company has successfully integrated its subsidiary, Kuanpu Technology's RF power amplifier products into the domestic large aircraft C919 supply chain, achieving small batch deliveries [1] Group 1: Company Developments - Kuanpu Technology's RF power amplifier products are specifically designed for certain systems of the C919 aircraft, providing technical support for the overall performance stability of the aircraft [1] - The company plans to continue focusing on its core business and dynamically optimize its operational strategies to seize opportunities in industry development [1] Group 2: Future Outlook - The company aims to create long-term value for investors by leveraging opportunities within the industry [1]