事件：极兔速递发布25 年第四季度经营数据。公司第四季度整体包裹量达84.61 亿件，同比增长 14.5%，其中东南亚包裹量达24.36 亿件，同比增长73.6%；中国包裹量达58.91亿件，同比下降0.4%；新 市场包裹量达到1.34 亿件，同比增长79.7%。 极兔在东南亚地区持续高增长，稳固行业领先地位。2025 年四季度公司在东南亚地区包裹量延续高增 速，达到73.6%，2025 年全年公司在东南亚地区的包裹量达到76.6 亿件，同比增长67.8%，主要得益于 四季度电商平台在东南亚地区持续加大投入，通过促销活动不断丰富品类，促进流量高速增长，同时极 兔凭借成本效率优势，满足不同电商平台的多样化需求，市占率不断提升，我们看好公司在东南亚地区 未来能够保持领先优势，行业地位稳固。 新市场快递网络逐步完善，业务量加速增长。2025 年四季度公司在新市场业务量达到1.3亿件，同比增 长79.7%，全年业务量达到4.04 亿件，同比增长43.6%，主要系公司快递网络逐步完善，能够承接电商 平台更多业务量。25 年公司于新市场新建转运中心9 个，增加自有干线运输车辆80 辆，新增9 套自动化 分拣线，提高新市场 ...

市公司 不断运输 2026 年 01 月 07 日 第速递-W 东南亚及新市场业务量高增，上调盈利预测 报告原因：有信息公布需要点评 撸持(维持) | 市场数据: | 2026年01月06日 | | --- | --- | | 收盘价（港币） | 11.20 | | 恒生中国企业指数 | 9244.24 | | 52 周最高/最低 (港币) | 11.34/4.53 | | H 股市值 (亿港币) | 1.005.49 | | 流通 H 股 (百万股) | 8.897.93 | | 汇率（港币/人民币） | 0.9014 | 一年内股价与基准指数对比走势: 130% 资料来源：Bloomberg 相关研究 《极兔速递-W (01519) 点评: 东南亚维持 高景气,新市场打开新增长曲线》 2025/10/15 申万宏源研究微信服务号 投资要点: 财务数据及盈利预测 | 2023 | | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万美元) | 8849 | 10259 | 12406 | 15573 ...

Core Viewpoint - Keros Therapeutics, Inc. (KROS) has experienced a bearish price trend recently, losing 5.8% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which supports a bullish outlook for the stock [2][5]. - A hammer pattern forms when there is a small difference between opening and closing prices, with a long lower wick, suggesting that bears may be losing control [4][5]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for KROS, with a 12.9% increase in the consensus EPS estimate for the current year over the last 30 days, indicating that analysts expect better earnings than previously predicted [7][8]. - KROS holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10]. - The Zacks Rank serves as a strong timing indicator for potential trend reversals, suggesting improving prospects for the company [10].

智通财经APP获悉，麦格理发布研报称，紫金矿业(02899)旗下关键铜矿项目Kamoa-Kakula更新了2026 及2027年的铜产量指引，分别调整至38万至42万公吨，及50万至54万公吨，消除了较早前营运中断所引 发的产量忧虑。该行将2025至2027年黄金价格预测分别上调2%、22%及35%，铜价预测上调2%、13% 及0%。同时，将紫金矿业同期盈利预测分别上调20%、61%及35%; 麦格理升紫金目标价75%至40港 元，相当于预测明年市盈率9.6倍，维持"跑赢大市"评级。 ...

Cintas Corporation (NASDAQ:CTAS) posted upbeat quarterly profit and raised its full-year forecast on Thursday.The company reported second-quarter earnings per share of $1.21, beating the analyst consensus estimate of $1.20. Quarterly sales of $2.80 billion (+9.3% year over year) beat the Street view of $2.766 billion.Cintas raised its fiscal 2026 GAAP EPS outlook to $4.81 to $4.88, up from $4.74 to $4.86, compared with the analyst consensus of $4.85. The company also lifted its fiscal 2026 sales forecast to ...

Core Viewpoint - Daiwa's report indicates that Chow Tai Fook's performance for the first half of the fiscal year ending September 2026 fell 2% to 3% below market expectations, but the report suggests that positive factors outweigh negative ones [1] Financial Performance - Chow Tai Fook's revenue and net profit for the first half of the fiscal year ending September 2026 were lower than market expectations by 2% to 3% [1] - The company has increased its dividend payout ratio and per-share dividend, which reflects a positive outlook [1] Earnings Guidance - Chow Tai Fook has raised its earnings guidance for the second half of the fiscal year 2026, although Daiwa considers this guidance to be conservative [1] Earnings Forecast - Based on revised profit margin forecasts, Daiwa has raised Chow Tai Fook's earnings per share estimates for the fiscal years 2026 to 2028 by 2% to 5% [1] Target Price - Daiwa has increased the 12-month target price for Chow Tai Fook from HKD 15.5 to HKD 18 and maintains a "Buy" rating [1]

Core Insights - Keysight Technologies reported strong fourth-quarter earnings, with earnings per share of $1.91, surpassing the analyst estimate of $1.83, and quarterly revenue of $1.42 billion, exceeding the consensus estimate of $1.38 billion [1][2] Financial Performance - The company experienced a positive fiscal year-end, with order momentum accelerating throughout the year, leading to full-year growth [2] - For the first quarter, Keysight expects adjusted earnings between $1.95 and $2.01 per share, compared to the analyst estimate of $1.83, and revenue between $1.53 billion and $1.55 billion, against an estimate of $1.42 billion [2] Stock Performance - Following the earnings announcement, Keysight shares increased by 8.6%, reaching $193.14 [2] Analyst Ratings and Price Targets - Susquehanna analyst Mehdi Hosseini maintained a Positive rating and raised the price target from $215 to $225 [5] - Barclays analyst Tim Long maintained an Overweight rating and increased the price target from $195 to $232 [5] - JP Morgan analyst Samik Chatterjee kept an Overweight rating and raised the price target from $200 to $207 [5] - Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and increased the price target from $180 to $208 [5] - Wells Fargo analyst Aaron Rakers maintained an Overweight rating and boosted the price target from $190 to $225 [5]

Core Insights - Ross Stores, Inc. is a leading player in the off-price retail sector, focusing on providing discounted apparel and accessories to value-conscious consumers [1] - The company has a loyal customer base and competes with other off-price retailers like TJX Companies and Burlington Stores [1] Financial Performance - Ross Stores has raised its annual profit forecast due to strong demand for discounted products, particularly with the holiday season approaching [3] - The company reported a 7% increase in same-store sales, exceeding Wall Street's expectations of 3.9% growth [3][6] - In the third quarter, Ross Stores reported earnings of $1.58 per share, surpassing the analyst estimate of $1.41 per share [4][6] - Quarterly revenue reached $5.6 billion, outperforming the analyst consensus estimate of $5.42 billion [4][6] Stock Performance - Telsey Advisory updated its rating for Ross Stores to "Market Perform" and raised the price target from $160 to $175, indicating a positive outlook [2][6] - The stock has shown resilience, trading between $160.34 and $164.23, with a market capitalization of approximately $52.2 billion [5]

Core Viewpoint - Daiwa has raised its earnings per share forecast for Samsonite from 7% to 16% for the years 2023 to 2027, citing changes in the product mix leading to more resilient gross margins and a gradual increase in market spending [1] Group 1 - The potential for a new revenue growth cycle and the possibility of a U.S. listing could attract more global investors [1] - The target price for next year, based on a forecasted price-to-earnings ratio of 13 times, is considered realistically achievable [1] Group 2 - Daiwa has increased its target price for Samsonite from HKD 16 to HKD 25 [1] - The investment rating has been upgraded from "Hold" to "Buy" [1]

Core Insights - Citigroup's report indicates that Bilibili's Q3 advertising revenue and adjusted operating profit exceeded expectations [2] - For Q4, a moderate recovery in gaming revenue is anticipated due to the game "Escape from Duckkov," with advertising revenue expected to continue growing, driven by strong performance during Double 11, increased ad inventory, and efficiency improvements [2] - Management forecasts an adjusted operating profit margin of 10% for Q4, indicating a quarter-on-quarter improvement [2] - Citigroup has raised Bilibili's earnings forecasts for 2025 to 2027, citing better-than-expected profit margin trends [2] - The target price for Bilibili's U.S. stock has been increased from $25 to $27, while maintaining a "Neutral" rating [2]