Workflow
Demand
icon
Search documents
Equity Residential (EQR) Earnings Call Presentation
2025-06-24 10:56
JUNE 2024 See pages 32 through 37 for information about forward-looking statements, a glossary of defined terms and a related reconciliation of non-GAAP financial measures including the reconciliations of Earnings Per Share ("EPS") to Funds From Operations ("FFO") per share and Normalized Funds From Operations ("Normalized FFO") per share. Creating Communities Where People AVENIR – BOSTON, MA See pages 37 through 44 for information about forward-looking statements, a glossary of defined terms and a related ...
高盛:全球半导体-硅片、碳化硅衬底、氮化镓的供需模型更新,中国产能及对全球企业的影响
Goldman Sachs· 2025-06-24 02:28
S/D model update on silicon wafer, SiC substrate, GaN. China capacity and implications to global players As a global team, we review and refresh our S/D model across (1) silicon wafers, (2) SiC substrate, (3) GaN devices, and (4) IGBT (Exhibits 8, 10, 12, 32). Key conclusions: (1) Chinese in China: Local coverage (local production/ local demand) of 12-inch silicon wafer/ 6-inch SiC substrate to grow from 41%/ 80% in 2024 to 54%/ 87% in 2027E. (2) Pricing: 8-inch silicon wafer ASP to decline 10% CAGR in 2024 ...
Oil Prices Fall as Trump Announces Ceasefire in Middle East
Bloomberg Television· 2025-06-24 02:04
[CC may contain inaccuracies] Equity markets look to be putting this behind them. You look at Asian FX, you look at the dollar offer coming through as well. And look at oil markets down about 3%.The risk is the. an oversimplified perhaps interpretation of what's going on, simply looking at price. How are you guys looking at oil coverage day.Oil traders when you speak with them, when you speak to the gas traders, to them, this is all done. They they don't see any risk to the market. Now we can discuss ceasef ...
方正证券:政策打破钴市场供给过剩预期 对钴金属价格预期乐观
Zhi Tong Cai Jing· 2025-06-24 01:52
方正证券发布研报称,刚果(金)作为全球钴供应主产国(2024年产量占比75.9%),其暂停钴出口4个月 的政策将显著打破市场供给过剩预期,政策出台后钴价已上涨14.5%至18.2万元/吨。基于对钴金属价格 的乐观预期,该行建议关注华友钴业(603799)、腾远钴业(301219)、寒锐钴业(300618)、洛阳钼 业(603993)等。 钴价处于历史底部位置,刚果(金)政府稳价意愿强烈 2月24日中国钴金属价格为15.9万元/吨,为2007年以来的底部位置。在刚果(金)禁止出口政策出台后, 截至2月27日,钴金属价格上涨14.5%至18.2万元/吨。考虑到刚果(金)政府声明将在3个月后对政策效果 进行评估,该行认为刚果(金)政府稳价、挺价意愿强烈。 出口禁令有望重塑钴金属过剩格局 该行认为2022年以来钴金属价格的持续下跌,一方面是三元正极材料的市占率下滑,特别是低镍高钴产 品的占有率下降导致需求增速不及预期。另一方面是由于铜价高企,刚果(金)铜产量快速提升,导致伴 生钴产量大幅增长。该行认为随着三元占比下滑趋势的减弱以及消费电子国补下需求复苏,将会使钴金 属需求恢复平稳增长。而出口禁令将显著减少钴金属流入量 ...
新房房价同比降幅连续7个月收窄 ,武汉再现摇号抢房
Chang Jiang Ri Bao· 2025-06-24 01:36
"244套房源,400多组购房者参与摇号,2小时就买了8.6亿元。"6月22日,位于江岸区二七路的武汉天宸营销中心主管苏辰说,自开盘 以来不到2个月,该楼盘480套房源已经卖得只剩下50多套了。 摇号买房,开盘"秒光"在武汉多个区域出现。就在上月19日,武昌区保利沙湖嘉瑞楼盘,300多人摇号,抢155套房源,1小时内就卖了 120套,当天销售额近6亿元;本月7日,汉阳区金地大成乐楼盘,3栋楼合计234套新房,超500组购房者参与摇号,2小时内被认购一空。 楼市再现"摇号盘",价格市场出现了积极变化。近日,国家统计局武汉调查队数据显示,5月份武汉新建商品住宅销售价格同比下降 4.2%,降幅比上月收窄0.8个百分点,同比连续7个月收窄;二手住宅销售价格同比下降7.0%,降幅比上月收窄0.3个百分点,同比连续10个 月收窄。另外,5月武汉土拍两次,合计成交8宗住宅及商服地块,核心区地块溢价率超30%。 "促进房地产市场止跌回稳政策持续显效。"国家统计局武汉调查队相关负责人称,房价降幅持续收窄,一方面是"汉九条"实施,叠加 公积金及商业贷款利率下调,对新房市场提振效果明显;另一方面是"大"房子激活改善性购房需求,5月 ...
Focus on underlying oil fundamentals, says Veritan's Arjun Murti
CNBC Television· 2025-06-23 21:23
Joining us now is Arjun Mertie. He is partner for energy macro and policy at energy consultancy Veritin and former equity analyst at Goldman Sachs. Arjun, welcome.So does lawyer lower oil today just reflect that investors believe Iran has been defanged. I think that's right. I mean, keep in mind, we probably had built as much as a 15 to20 dollar per barrel premium in oil over the last week versus where we were trading pre-Israel Iran and we're now in the process of eliminating that and I think the market is ...
Trump Warns Against Rising Oil Prices Following Iran Attack
Bloomberg Television· 2025-06-23 16:32
I think the best traders of oil are the Chinese. And so they're the real, you know, the power underneath this all is that is their buying of Iranian crude. They put the bid on oil. They put the bid on Iranian oil so that they're the main buyer by far.You know, 80% of Iranian oil is a lot of it actually goes to Malaysia and then is re flagged. So you see that Malaysia exports more oil to China than it produces oil. So it's obviously smuggled.And basically the other manipulation is the White House turning the ...
房子已经过剩,开发商却还在不断盖楼,主要有4个原因
Sou Hu Cai Jing· 2025-06-23 15:53
楼市迷局:六亿房屋背后的盖楼狂潮 全国六亿栋房屋,足以容纳六十亿人口——这一官方数据,曾一度引发全国关于房产过剩的热烈争论。然而,即便考虑到数据中包含了自建房、学校、厂房 等非住宅建筑,国内房产的巨大存量依然不容忽视。 令人费解的是,在"过剩"论调甚嚣尘上的背景下,开发商们却依然保持着高强度的建房节奏,每年数 千万套新建商品房源源不断涌入市场,这究竟是为何? 事实并非简单的供需失衡。开发商的持续建房,并非源于对市场盲目乐观,而是深陷一个错综复杂的局面,由以下四个关键因素驱动: 一、房产金融化加剧供需错配 虽然从总量上看,我国住房已达过剩,但问题的关键在于房产的金融属性。大量的房产被少数人囤积,而非用于居住或出租,这些"沉睡"的房产并未进入市 场流通。因此,市场上实际可供选择的住房仍然不足以满足刚需和改善型购房群体的需求,开发商的建房行为,很大程度上正是为了填补这一市场缺口。这 就像一个巨大的水库,虽然水量充足,但大部分水被锁在水库深处,无法被有效利用。 三、改善型住房需求持续释放 许多家庭最初只能购买小户型住房,随着经济条件改善或家庭人口增加,改善型住房需求日益旺盛。一些家庭则追求更舒适的居住体验,希望更换房 ...
高盛:中国互联网-2025 年 618 购物节全景亮点、五大核心观察及主流平台 GMV 增长趋同现象
Goldman Sachs· 2025-06-23 02:10
20 June 2025 | 12:28AM HKT Navigating China Internet 2025 618 festival overall highlights; 5 key observations; converging GMV growth amongst main platforms We estimate the China eCommerce industry concluded the 2025 618 shopping festival at around 10-11% gross GMV growth (before returns), on the back of 15% parcel volume growth over May 12 - Jun 15 (GSe based on MOT data, adjusted under SPB definition, a moderation vs. Apr/May at 19%/17%). We highlight 5 key observations on this year's 618 festival as below ...
摩根士丹利:应对地缘政治风险与强劲油价
摩根· 2025-06-23 02:10
June 17, 2025 04:01 AM GMT North American Energy | North America Navigating Geopolitical Risks & Stronger Oil WTI has rallied ~20% in June alongside rising geopolitical risks. Near-term strength could continue, but prices are biased lower in 2H25 absent supply disruption. Post recent moves, we revisit views across the Energy Sector. From here, we remain selective with a defensive bias & prefer gas over oil. Key Takeaways The Extel Survey is now open. We would greatly appreciate your support for the Joy.Golu ...