好的感谢主持人我是长江金属煤炭团队的肖勇就这个3C会议的机会跟各位投资的朋友反馈一下我们对于有色和煤炭的一个后事的看法在反馈的时候其实主要的设计领域包含三个方向那么从我们的目录上来讲的话主要是这个贵金属 这个黄金为主导的品种然后铜合铝工业金属然后和煤炭这三个领域那么我们的汇报呢主要分四个维度那么第一个维度呢是自上而下的这个宏观背景 来去阐述一下目前我们在交易这些领域时候所面临的一个大的环境后面呢分细分的板块的一些情况做一些反馈大概是这么一个汇报的情况那么我们大概的时长是一小时以内那么首先从宏观背景上来讲的话我们知道在整个交易 资源这种大宗商品的过程中的话大的这个宏观背景的影响是最主要的那么这个宏观背景呢它是中美两个大的经济体进行主导目前来讲的话全球的经济中美的占比是起这个绝对主导作用的所以在这样一个 犯事之下的话我们这个描述了一下当前我们面临到了一个这个大的自上而下的背景那么第一个背景的就是目前从中美这两个大的工业引擎的位置上讲的话它的整个工业端的经济是处在一个相对偏底部的位置 那么我们的图形里面也反映了中国和美国的一些工业经济的相关数据大概是一些表彰工业端景气度的一些数据的分位值来衡量现在它处在一个周期的顶 ...

提示一下 本次电话会议仅供符合国海证券投资者适当性管理要求的客户以及受邀客户使用国海证券不会因接收人收到本次会议相关通知或参加本次会议而释其为客户本次会议内容不构成任何投资建议据此作出的任何投资决策与国海证券国海证券员工或者关联机构无关本次会议只是转发国海证券已发布研究报告的部分观点仅反映国海证券研究人员于发布完整报告当日的判断 相关内容请以研究所已公开发布报告为准会议严禁录音或转发 任何人不得对本次会议的任何内容进行发布复制编辑改编转载播放展示或以其他任何方式非法使用本次会议的部分或者全部内容否则将承担相应的法律责任国海证券就此保留一切法律权利在任何情况下国海证券及其员工对使用本次会议信息或内容所引发的任何直接或间接损失概不负责市场有风险投资需谨慎 各位投资者大家晚上好我是国海证券飞银首席孙嘉庚那么那个非常高兴大家今天参加我们的讨论那么这个今天我们的这个主题呢就是coinbase因为这个我们近期其实也是刚刚覆盖了这个coinbase那么今天晚上我们的会议呢就是不会说这个简单的把这个报告从头到尾过一点那么我们更多的是带着几个问题吧 带着几个大家比较关心啊以及市场上比较关心的问题然后来呃一边一边探讨然后一边再把 ...

Hello, everyone. Thanks for your participation in today's session. My name is Fei-Fan Zhuang from Wind Information. I'm so glad to be here today and introduce Wind Financial Terminal to you. And today, we are keep going to introduce the bond investment from various angles with our terminal to you. Okay, so before we dig into the terminal, I would like to introduce our company briefly. WIND was founded in year 1998, and after over 25 years of dedication, we have become the leader of financial information pro ...

提示一下 本次电话会议仅供符合国海证券投资者适当性管理要求的客户以及受邀客户使用国海证券不会因接收人收到本次会议相关通知或参加本次会议而释其为客户本次会议内容不构成任何投资建议据此作出的任何投资决策与国海证券国海证券员工或者关联机构无关本次会议只是转发国海证券已发布研究报告的部分观点仅反映国海证券研究人员于发布完整报告当日的判断 相关内容请以研究所已公开发布报告为准会议严禁录音或转发 任何人不得对本次会议的任何内容进行发布复制编辑改编转载播放展示或以其他任何方式非法使用本次会议的部分或者全部内容否则将承担相应的法律责任国海证券就此保留一切法律权利在任何情况下国海证券及其员工对使用本次会议信息或内容所引发的任何直接或间接损失概不负责市场有风险投资需谨慎 各位投资者大家晚上好我是国海证券飞银首席孙嘉庚那么那个非常高兴大家今天参加我们的讨论那么这个今天我们的这个主题呢就是coinbase因为这个我们近期其实也是刚刚覆盖了这个coinbase那么今天晚上我们的会议呢就是不会说这个简单的把这个报告从头到尾过一点那么我们更多的是带着几个问题吧 带着几个大家比较关心啊以及市场上比较关心的问题然后来呃一边一边探讨然后一边再把 ...

感谢,感谢万多的邀请,今天很高兴,今天有这样一个机会,跟大家分享一下我们通信行业的观点。刚才也提到的是人工智能,其实也是我们非常看好的一个方向,今天我也有一个专门的片子,就人工智能,包括算力板块,跟大家分享一下观点。 整理&字幕志愿者网络讯息与点点栏目 那今天的分享主要分为四个部分。第一部分的话呢,我们讲可能还是这些通信板块的,包括今年的一季度的一个过往的经营情况和市场情况的一个简单的分析。这个时间过得会,就我们讲的会用的少一点。 主要的是讲后面的三个篇章第二篇章就是人工智能跟三个板块第三作品的话我们简单讲一下电信营商的投资观点以及电信营商产业链我们也知道它的资本开支对于产业链的影响会比较大最后一章的话就是通胆一体和内星互联网和低空经济的这样一个板块给大家做一下分享首先我们去看一下其实通济行业在2023年 指数的表现其实还是非常好的当然其中非常亮的一个板块是这个算力板块跟AI相关的光波块板块但是实际上从自身的基本面来讲其实也是不错的我们看到这个红色的字体可以看到23年同比板块的营收和利润总体实现的是平稳增长 23年的这个如果是按升万的A股通行板块的话呢营收是2.43万亿元通行板股占67%另一轮端的话呢也有这个 ...

INVESTMENT STRATEGY 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 wealth management 更多一手调研纪要和研报数据加V：shuinu9870 Global Investment Committee | June 17, 2024 The GIC Weekly 更多一手调研纪要和研报数据加V：shuinu9870 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------ ...

Key Takeaways **1. Margins and Cost Pressures**: * Companies are optimistic for a 2H rebound in margins, driving operating leverage down to EPS. * Corporate mentions of cost pressures remain elevated despite falling inflation. * Many companies cite easier COGS year-over-year comparisons in the second half. * Wages remain a key headwind for margins. **2. Artificial Intelligence (AI)**: * AI transcript mentions are near all-time highs and mentioned in the vast majority of transcripts across all sectors. * Companies primarily cite AI as an efficiency gain rather than a revenue driver. * AI and AI data security is a top priority for corporate management teams. * Companies without obvious AI use cases often reference adding AI to internal data models to help improve decision-making or client analytics. **3. Consumer Health**: * Corporate mentions of consumer health remain mixed. * Mentions of "choiceful" consumers has dropped in calendar 2Q vs 1Q. * Bellweather consumer companies reported differing pictures of consumer health—some citing continued strength, some citing no tangible change but hope for improvement, and others citing weakness on the margin and value-seeking behavior. * High vs low income consumer health remains a popular debate. **4. Free Cash Flow**: * Mentions of Free Cash Flow have increased to all-time highs. * Companies are focusing on where to best spend elevated cash levels. * Buybacks are a commonly discussed use of cash but mentions of M&A, Capex, Dividends, and R&D remain frequent and elevated. **5. Sector Heat Map**: * Sector heat maps show varying levels of mentions across different sectors, highlighting areas of focus and concern. **6. Corporate Surveys**: * Surveys indicate that small businesses are facing challenges such as high interest rates, labor shortages, and inventory management. * Business sentiment is recovering, but confidence remains low for smaller companies. * New orders are rebounding in manufacturing, but services new orders have fallen recently. **7. Company Quotes**: * Quotes from various companies provide insights into their specific strategies and challenges, including margin expansion, AI adoption, and consumer trends. Additional Important Points * The report includes time series charts and normalized trends to visualize the data and trends discussed. * The report also includes industry breakdowns and sector heat maps to provide a more detailed view of the data. * The report concludes with disclosures and important regulatory information.

更多资料加入知识星球：水木调研纪要关注公众号：水木纪要 BNPPARIBAS The bank for a changing world MARKETS 360 GLOBAL ECONOMICS WEEKAHEAD BNP PARIBAS GLOBAL MARKETS APP: CHART OF THE WEEK 品 Underlying inflation measures - Us vs eurozone KEY MESSAGES Gap to 2% target (from mean) We expect the US FOMC meeting to keep rates on hold on Wednesday and to shiff from three to two rate cuts in its dot plot for this year. The BoJ' also appears unlikely to change rates at its purchases. On the data front, we expect US core CPI to rise by 0.3% m/m ...

and I'll be your conference operator. At this time, I would like to welcome everyone to the ChargePoint first quarter fiscal 2025 earnings conference call and webcast. All participants' lines have been placed in a listen-only mode to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. I would now like to turn the call over to Patrick Hammer, ChargePoint's Vice President of Capital Markets and Investor Relations. Patrick, please go ahead. Good afternoon, and ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 The Flow Show Pain = Gain Scores on the Doors: crypto 51.4%, gold 13.1%, commod 9.1%, stocks 8.9%, oil 8.7%, US dollar 3.4%, cash 2.2%, HY bonds 1.8%, IG bonds -1.7%, govt bonds -5.6% YTD. Tale of the Tape: political polarization, protectionism, war, inflation, supply (even Saudi Arabia on course for record bond issuance in '24) means secular "buyers' strike" in global government bonds is valid; but cyclical always able to trump secular and we say 3Ps of Positioning, Profits, Po ...