港股手机产业链股集体走低，其中，高伟电子跌超6%，蓝思科技跌近6%，丘钛科技、富智康集团跌超 4%，瑞声科技、伟仕佳杰、比亚迪电子、通达集团、东江集团控股跟跌。 本文源自：金融界AI电报 ...

值得注意的是，公司近日宣布，深圳市福田区国资委旗下福田资本的子公司以增资形式入股粤港湾控股 旗下天顿数据的项目公司，投资额达8亿元人民币，获得40%股权，资金将专项用于该公司在粤港澳大 湾区的算力网络布局。公开资料显示，天顿数据是中国第一梯队智算建设运营商之一，其具备投建运营 高性能算力万卡集群的稀缺能力和实践经验，可满足千亿参数级大模型训练需求。 消息面上，粤港湾控股宣布，拟折让约8.40%发行合共2031.1万股认购股份，净筹约1.216亿港元。董事 会拟将认购事项所得款项净额用于集团的一般营运资金，具体而言，约90%拟用于潜在AI算力云服务项 目；及约10%拟用于日常运营费用。 智通财经APP获悉，粤港湾控股(01396)现涨超4%，截至发稿，涨3.82%，报6.8港元，成交额1060.23万 港元。 ...

里昂发布研报称，预计快手-W(01024)2025年第四季的总收入同比增长10%至388亿元人民币，而经调整 净利润则料升16%至54亿元人民币。该行上调公司2026/27年经调整净利润预测2%，并将目标价由83港 元调升至85港元，重申跑赢大市评级。该行表示，快手旗下可灵AI的收入表现或持续超出预期，相信 该平台在成本效益方面具备显著优势，其用户规模与收入增长势头应能持续加速。 ...

近期表现活跃的塑料管道龙头中国联塑(2128.HK)今日重拾升势，盘中逆势涨超4%，报6.11港元。 消息面上，今年1月20日，自然资源部、住房城乡建设部发布《关于进一步支持城市更新行动若干措施 的通知》，为"十五五"城市更新规划提供了具体的操作指南，期间将更加重视"两重、两新"项目建设， 持续开展地下管网和综合管廊建设，常态化推进老化燃气管道等市政设施更新改造。同时，还将通过更 新改造老旧街区、老旧厂区，打造一批精品街道、活力街区。 另外，花旗近日也发布研报称，联塑海外渠道业务有望成为未来增长的主要驱动力，今年销售增幅料逾 五成，并上调联塑目标价至7港元。 广发证券近日发布研报点评称称，建筑材料行业估值持仓在底部，关注城市更新等线索。该行指出，当 前行业供需优化、涨价预期、出海提供业绩增量等多因素共振下有望共同驱动ROE和估值回升。 ...

Core Viewpoint - The report from Citi indicates that JD Health is expected to maintain growth momentum in the second half of last year, driven by strong performance during the Double Eleven sales event and a surge in flu cases in December [1] Financial Performance - Revenue is projected to increase by 24.5% year-on-year to 37.1 billion yuan [1] - Adjusted EBIT is expected to double year-on-year to 2.1 billion yuan, supported by margin expansion and operational leverage [1] Profit Forecast - Citi has raised JD Health's adjusted net profit forecasts for the fiscal years 2026 and 2027 by 1% and 2% respectively, reflecting the recovery in drug sales and profit expansion prospects [1] - The firm maintains a "Outperform" rating and sets a target price of 71 HKD for JD Health [1]

（文/解红娟 编辑/张广凯） 新鸿基地产深夜发声，回应沸沸扬扬的市场传言。 2月3日晚间，新鸿基回应，集团执行董事冯秀炎因健康原因已提出请辞，董事局接纳其辞任并即日生 效。公司表示已安排人员接替其职务，相关工作与日常运作均不受影响。 至于市场传言冯秀炎离职是因为与上海环贸iapm商场相关腐败问题深度关联，新鸿基方面并未正面回 应，仅表示，"公司正进行检视并会作出适当跟进。" 本文系观察者网独家稿件，未经授权，不得转载。 此前于2月2日，多家香港媒体报道冯秀炎疑因涉及上海环贸iapm商场相关贪腐问题已被停职，焦点集中 在商场营销活动招标、广告资源投放及品牌合作等业务环节。 公开资料显示，冯秀炎持有英国雷丁大学房地产管理理学士、美国东北路易斯安那大学工商管理硕士及 香港大学房屋管理硕士学位。她于1991年加入新鸿基地产，2022年8月起出任执行董事，负责集团在香 港、上海、南京、北京及杭州多个主要商场的策略规划与发展管理。根据公司2024/2025财年数据，其 年度薪酬合计约2426万港元。 此次事件涉及的上海环贸iapm商场是新鸿基地产在上海打造的高端商业项目，位于淮海中路陕西南路核 心地段，2013年开业，以 ...

Core Insights - The artificial intelligence (AI) industry is rapidly reshaping the global demand for non-ferrous metals, with copper being the primary beneficiary as it is deemed the "oil of the electrification era" [1] - Significant increases in copper demand are projected, with estimates suggesting an additional 2 million tons of copper will be required for AI data centers and related power infrastructure from 2025 to 2040 [1] - Morgan Stanley forecasts that global copper demand from AI data centers will surge from 200,000 to 500,000 tons annually by 2027, reflecting a compound annual growth rate (CAGR) of 26% [1] Copper Demand Projections - The global copper consumption for data centers is expected to grow from approximately 50,000 tons per year to 300,000 tons by 2050, increasing its share of global copper consumption from 1% to 7% [1] - Data center electricity consumption is projected to rise from 460 TWh in 2022 to 860 TWh by 2027, indicating a growing need for copper [2] - The total copper usage in data centers is forecasted to increase from 343.2 thousand tons in 2022 to 791.1 thousand tons by 2027, with a year-on-year growth rate of 17.3% [2] Broader Metal Demand - In addition to copper, aluminum is also in high demand for cooling systems and server racks in data centers, with a single large-scale AI data center potentially consuming up to 20,000 tons of steel and significant amounts of aluminum [3] - The AI sector is expected to drive an additional demand of 850,000 tons for aluminum by 2026, with global primary aluminum demand projected to increase by 2.7% [3] - The supply-demand balance for electrolytic aluminum is expected to remain tight in 2026, with a growing gap anticipated post-2027 as demand from AI and renewable energy sectors continues to rise [3] ETF and Investment Opportunities - The Huatai-PineBridge Non-ferrous Metals ETF (159652) covers a comprehensive index that includes copper, aluminum, lithium, and rare earths, positioning it to benefit from the non-ferrous "super cycle" [5] - The ETF's structure emphasizes a significant allocation to copper and aluminum, with copper accounting for 34% of the index, providing strong exposure to industrial metal bull markets [5][7] - The ETF has demonstrated a remarkable return of 171.24% over the past two years, outperforming major indices, indicating a favorable risk-reward profile for investors [8]

AI新技术冲击软件股，聚水潭(06687)今早跌近13%，低见21.6港元创上市以来新低。截至发稿，跌 12.81%，报21.64港元，成交额764.17万港元。 公开资料显示，聚水潭是全球电商SaaS市场的领军企业。该公司主要面向在各电商平台开设店铺的商 家，产品以电商SaaS ERP 为核心，构筑起覆盖电商运营各领域的一站式电商SaaS解决方案。截至2025 年6 月30 日，聚水潭服务9.3 万个SaaS 客户。 消息面上，周二，由AI初创巨头Anthropic推出的新型自动化工具引发了市场对软件股的恐慌性抛售， 创下去年4月以来跌幅最大的一天。分析师指出，AI进展的预期已发生质变：从最初认为AI能"助力增 长"，转向质疑AI是否会"彻底取代"传统订阅模式。Jefferies股票交易部门的Jeffrey Favuzza将当前局面 描述为"SaaS末日"，指出目前的交易风格完全是"无论如何让我离场（get me out）"式的恐慌性抛售，且 尚未看到任何止跌企稳的迹象。 ...

Group 1 - The core viewpoint of the article highlights a significant decline in software stocks, particularly affecting companies like 聚水潭, which saw a nearly 13% drop, reaching a new low since its listing at 21.6 HKD [1] - The market reaction was triggered by the launch of a new automation tool by AI startup Anthropic, leading to the largest drop in software stocks since April of the previous year [1] - Analysts have noted a shift in expectations regarding AI, moving from viewing it as a growth enhancer to questioning whether it could completely replace traditional subscription models [1] Group 2 - Jeffrey Favuzza from Jefferies described the current market situation as a "SaaS apocalypse," indicating a panic sell-off with no signs of stabilization [1] - 聚水潭 is recognized as a leading player in the global e-commerce SaaS market, primarily serving merchants operating on various e-commerce platforms [1] - The company offers a comprehensive e-commerce SaaS ERP solution, covering all aspects of e-commerce operations, and as of June 30, 2025, it serves 93,000 SaaS customers [1]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ "同时，平台将持续为合作伙伴提供覆盖面更广、更体系化的专业培训与能力支持，助力合作伙伴以科 学管理实现专业留人、服务留人、机制留人，不断提升门店的核心竞争力。我们也旗帜鲜明地反对恶意 挖角等过度竞争、内卷式竞争行为，维护公平、透明、互信的合作环境。基于本次规则调整，希望共同 形成一种平台合作伙伴对服务者更好，服务者对客户更好，平台提供长期专业价值支持的良性循环，助 力行业走向更加健康和可持续的未来。"贝壳方面表示。 2月4日上午消息，贝壳将于2026年3月1日起对平台人才流转相关规则进行调整，取消经纪人在时间、地 域、品牌和费用等方面的相关条件，即经纪人可以根据自身职业发展需要，在平台内原门店离职并交接 原门店的职务性资源和平台权益后入职新门店作业。 房产经纪行业曾在全国大部分城市处于高度分散、粗放发展的状态。门店间频繁发生无序挖角、跳单抢 客等恶性竞争行为。此外，客户经常会遭遇"前脚签约、后脚换人"的窘境，信息断档、流程延误、承诺 落空等情况不可避免。在此背景下，贝壳于成立之初就制定了限制恶意挖角的人才流转规则，目标是保 护店东对人才 ...