现金分红正日益成为常态。据Wind数据统计，截至12月19日，以股权登记日计算，今年以来，上市公 司现金分红金额达到2.61万亿元，刷新历史新高。中央财经大学资本市场监管与改革研究中心副主任李 晓在接受记者采访时表示，今年上市公司现金分红规模再创新高，是多重因素共同作用的结果。首先， 企业盈利改善与现金流充裕；其次，政策引导与股东回报意识增强；最后，资本市场生态优化。高分红 有助于吸引社保、险资等长期资金，提升市场估值锚的稳定性，促进"价值投资"。 ...

杨德龙 | 立方大家谈专栏作者 随着年底临近，市场对2026年行情的关注度明显提升，不少投资者开始关心2026年是否仍将出现春季行情，以及本轮慢牛、长牛走势能否延续。从市场运行 情况来看，2025年A股市场一度突破4000点，基本确立了本轮慢牛、长牛行情的整体格局。预计4000点并非本轮行情的终点，而更可能是新一轮行情的起 点。尽管2025年市场内部结构分化明显，科技板块整体表现突出，银行股在追求稳定回报资金的推动下不断创出新高，而其他不少板块阶段性表现相对滞 后，导致部分投资者在指数站上4000点后仍对牛市存有疑虑，但从趋势角度看，这并不影响对本轮行情性质的判断。 综合政策环境、资金结构和市场运行特征判断，本轮慢牛、长牛行情有望持续较长时间，预计至少可延续两至三年，甚至存在延续至三至五年的可能性。由 于其本质是慢牛行情，指数的上涨节奏预计不会过快。在这种运行方式下，市场更有利于投资者通过长期持有和结构配置获得稳定收益。相较之下，快牛或 疯牛行情往往伴随剧烈波动，投资者在快速上涨阶段难以有效把握机会，而在随后的急跌中容易承受较大损失。因此，慢牛、长牛更符合多数投资者实现资 产稳步增值的需求。长期以来，A股投资 ...

Cementos Pacasmayo (NYSE:CPAC) is a leading cement company in Peru, known for its production and distribution of cement, concrete, and other construction materials. The company plays a significant role in the construction industry, competing with other major players in the region. On December 19, 2025, Scotiabank maintained its "Sector Perform" rating for CPAC, suggesting investors hold their positions. At that time, the stock was priced at $10.42.Scotiabank also raised its price target for CPAC from $6.40 ...

Core Viewpoint - Cummins Inc. is recognized as a strong value stock with a positive outlook from Barclays, indicating potential for stock outperformance in the market [2][3]. Company Overview - Cummins Inc. is a global leader in the design, manufacture, and distribution of engines, filtration, and power generation products, serving customers in over 190 countries [1]. - The company competes with major players like Caterpillar and General Electric in the power solutions market [1]. Stock Performance - Barclays upgraded Cummins from an Equal Weight to an Overweight rating on December 19, 2025, reflecting increased confidence in the company's future performance [2]. - The stock price at the time of the upgrade was $500.61, which represents a 0.64% increase from the previous trading session [3]. - The stock has fluctuated between a low of $498.16 and a high of $506.04 on the day of the report, with a yearly high of $526.50 and a low of $260.02, indicating significant volatility [3]. Market Capitalization and Trading Activity - Cummins has a market capitalization of approximately $68.9 billion, highlighting its substantial presence in the industry [4]. - The trading volume of 919,366 shares indicates active trading and continued investor interest in Cummins' future prospects [4].

文 | 银行螺丝钉 （转载请注明出处） 今天大盘整体上涨，截止到收盘，还在4.2星。 大中小盘股都上涨。 小盘股上涨更多一些。 价值风格略微上涨，成长风格上涨多一些。 港股也整体上涨。港股科技等指数上涨略多。 螺丝钉也汇总了港股指数的估值，供参考，见文章下方图片。 1. 做投资，有的投资者是交易的视角，有的投资者是生意的视角。 交易的视角，会习惯短期买卖。 希望捕捉到每一个较短时间里的价格波动。 或者看到短期涨跌就患得患失。 也有的投资者是亏钱的时候比较安心，看到自己赚钱了，就担心受怕，总想着赶紧卖出去。 但市场短期涨跌很难预测，除了极少数的交易员，大多数人很难依靠短线交易获得稳定收益。 从做生意的视角，看待指数基金投资，会更容易。 2. 巴菲特的老师，格雷厄姆，有关于价值投资的几条基础原则。 其中之一，就是买股票就是买公司。 其实指数基金投资也是如此。 指数基金持有用规则选出来的一篮子股票。 买指数基金，就是买了一篮子公司。 这几年红利指数，盈利平均年化提升约6%上下。 假设估值不变的情况下，这个迷你公司，主要的收益就两块： • 分红（取决于买入时的股息率） 我们假设在10倍市盈率，买了一个红利指数基金，1 ...

Core Viewpoint - Haidilao International Holding Ltd. has announced a special cash dividend of 3 yuan per 10 shares, totaling over 1.754 billion yuan, as part of its shareholder return plan for 2025-2027, which will maintain a minimum annual cash dividend ratio of 80% of net profit attributable to shareholders [1][2]. Group 1: Company Dividend Announcement - Haidilao plans to distribute a special cash dividend of 1.754 billion yuan, marking the 20th anniversary of its production base [2]. - The company has a history of consistent dividends since its listing in 2014, with a total of 32.71 billion yuan distributed to shareholders as of December 19, 2025 [3]. Group 2: Industry Dividend Trends - The total cash dividends distributed by listed companies in China reached a record high of 2.61 trillion yuan this year, driven by improved corporate profitability and cash flow [1][4]. - The banking, telecommunications, and liquor industries are leading contributors to the dividend payouts, with major banks and companies like China Mobile distributing over 100 billion yuan each [4]. - There is a growing trend towards institutionalized dividends in mature markets, with companies increasingly adopting stable and predictable dividend policies [4].

价值投资是万万不可行的 https://www.jisilu.cn/question/516043 集思录(www.jisilu.cn)是一个以数据为本的投资理财社区，专注于新股、可转债、债券、封闭 基金等数据服务。我们的理念是在保证本金安全的前提下，使资产获得稳健增长。 快捷查询： 搜索公众号"jisilu8"添加我们 今年收益100%，今年大家收益怎么样？ https://www.jisilu.cn/question/516015 关注集思录微信 特别提示 本文不构成任何投资建议，仅为信息分享。任何因本文导致的投资行为发生的亏损，本公众 号及作者概不承担任何责任。 成都天府新区房价下跌40% https://www.jisilu.cn/question/516038 国投白银LOF还能发多久奶茶？ https://www.jisilu.cn/question/516058 ...

Core Insights - The article discusses the author's transition from a potential career in politics to a focus on value investing, emphasizing a long-term investment strategy and risk management [1] Group 1: Career Transition - The author initially pursued a career in politics but shifted to finance after facing challenges in 2019, seeking a more stable financial path [1] - The decision to study value investing was driven by the desire to grow wealth while managing risks effectively [1] Group 2: Professional Experience - From 2020 to 2022, the author worked in a sales role at a law firm, where they became the top-grossing salesman and managed a team, contributing to sales strategy [1] - The experience gained during this period was instrumental in assessing company prospects based on sales strategies [1] Group 3: Investment Advisory Role - The author worked as an investment advisory representative with Fidelity from 2022 to 2023, focusing on 401K planning [1] - Despite excelling in this role, the author felt constrained by Fidelity's reliance on modern portfolio theory, which conflicted with their value investing approach [1] Group 4: Current Endeavors - In November 2023, the author began writing for Seeking Alpha, sharing investment opportunities and insights with readers [1] - The articles serve as a platform for the author to document their investment journey and strategies [1]

决战2025，顶级高校展开智慧与勇气的较量；学霸齐聚，基金知识赛场即将拉开帷幕。第三届大学生基 金知识竞赛将于12月20日起陆续播出。 本次赛事以"知识+乐趣+竞赛"的方式进行基金知识的学习普及，传播价值投资、长期投资理念，引导 投资者树立正确的财富观、价值观。 随着公众理财需求日益增长和对金融知识重视程度的不断提高，加强金融素养教育变得尤为重要，理性 成熟的投资者是稳定金融市场的基石。青年大学生是我国资本市场高质量发展不可或缺的青春力量，更 是未来践行普惠金融的生力军。 第三届大学生基金知识竞赛由中国证券投资基金业协会指导、中国证券报主办，纳入"一司一省一高 校"投资者教育系列活动，旨在帮助高校学生普及基金投资常识，拓宽金融视野，传播正确的风险管理 理念，引导投资者客观理性看待市场，从源头上为资本市场培育理性投资者，为基金行业培育后备人 才。 本次赛事由12所高校与12家基金公司联合组队参与，共组建12支高校与基金公司联合参赛队，参赛队伍 分别为清华大学－中欧基金代表队、复旦大学－东方红资产管理代表队、上海交通大学－汇添富基金代 表队、中国人民大学－工银瑞信基金代表队、南京大学－华泰柏瑞基金代表队、西安交通 ...

决战2025，顶级高校展开智慧与勇气的较量；学霸齐聚，基金知识赛场即将拉开帷幕。第三届大学生基 金知识竞赛将于12月20日起陆续播出。 本次赛事以"知识+乐趣+竞赛"的方式进行基金知识的学习普及，传播价值投资、长期投资理念，引导 投资者树立正确的财富观、价值观。 随着公众理财需求日益增长和对金融知识重视程度的不断提高，加强金融素养教育变得尤为重要，理性 成熟的投资者是稳定金融市场的基石。青年大学生是我国资本市场高质量发展不可或缺的青春力量，更 是未来践行普惠金融的生力军。 根据赛制，本次赛事的具体赛程包括小组赛、复活赛、1/4决赛、总决赛，比赛将在现场以必答题、抢 答题、挑战答题等方式进行。各参赛队伍通过竞赛方式获取积分，按积分高低排名决出胜负。赛程将于 12月20日开始陆续在新华社主要新媒体端口以及各大平台同步播出。 第三届大学生基金知识竞赛由中国证券投资基金业协会指导、中国证券报主办，纳入"一司一省一高 校"投资者教育系列活动，旨在帮助高校学生普及基金投资常识，拓宽金融视野，传播正确的风险管理 理念，引导投资者客观理性看待市场，从源头上为资本市场培育理性投资者，为基金行业培育后备人 才。 本次赛事由12所 ...