有投资者在互动平台向卓然股份提问：注意到贵公司覆盖欧美、中东、东南亚等地区，请问近两年是否 出口欧盟国家？卓然股份回复称，公司近两年有产品出口欧盟国家，但因行业周期性波动和全球经济环 境变化，出口业务整体占比较低。 ...

CHEVALIER INT'L(00025)发布截至2025年9月30日止6个月业绩，该集团期内取得收入39.32亿港元，同 比减少2.49%;公司股东应占溢利2.31亿港元，同比增加187.17%;每股基本盈利0.77港元。 展望2025财政年度下半年及2026年财政年度，全球经济环境仍充满挑战。本集团预期利率将逐步提振投 资和消费者信心，尤其是在对利率敏感的行业。然而，不确定性依然存在，包括美国经济前景、中国内 地政策发展以及持续的地缘政治风险。 ...

Economic Overview - Singapore's economy grew by 2.9% year-on-year in Q3 2025, a decrease from the revised 4.4% growth in Q2, but still above market expectations of 2% [1] - The quarterly seasonally adjusted growth was 1.3%, slightly lower than Q2's 1.5%, indicating a continued recovery trend [1] Sector Performance - Manufacturing sector growth was nearly stagnant in Q3, significantly down from 5.5% in Q2, primarily due to declines in biomedical manufacturing and general manufacturing output [1] - However, the manufacturing sector showed a positive change with a 6.1% quarter-on-quarter growth in Q3, indicating adaptation to market changes [1] Construction Industry - The construction industry experienced a 3.1% year-on-year growth in Q3, a significant slowdown compared to Q2 [2] - Despite growth from public and private sector construction, the industry faced short-term pressure with a 1.2% quarter-on-quarter contraction in Q3 [2] Services Sector - The services sector showed mixed performance, with wholesale and retail trade, and transportation and warehousing growing by 2.5% year-on-year, down from 4.9% in Q2 [2] - Core service sectors such as information and communication, finance and insurance, and professional services maintained robust growth at 4.4%, consistent with Q2's performance [2] Other Services - Other service sectors, including accommodation and food services, real estate, and administrative support, grew by 4.1% year-on-year, stable compared to Q2 [3] - The recovery of international tourist numbers significantly boosted the accommodation sector, supported by stable domestic consumption [3] Economic Outlook - Despite the resilience shown in Q3, global economic uncertainties remain a significant risk factor [3] - The Monetary Authority of Singapore decided to maintain the nominal effective exchange rate policy to balance potential inflation risks with economic growth uncertainties [3] - Long-term economic growth in Singapore will continue to be influenced by global economic conditions, trade tensions, and policy adjustments in major economies [3]

Group 1 - The story of a customer in Hangzhou who invested 1.5 million yuan in gold when the price was 600 yuan per gram highlights the potential for significant returns in the gold market [1] - The current market shows a stark contrast where the number of new gold buyers is low, but the volume of gold being sold back has increased two to three times [1][3] - The rising gold prices have shifted the perception of gold from a safe haven to a high-risk investment, leading to increased selling activity and a breakdown in market balance [3][5] Group 2 - Investor sentiment has dramatically changed, with many now looking to cash out due to fears of potential price drops, indicating a shift towards a more cautious approach [5][7] - The volatility in gold prices reflects broader economic uncertainties, with the demand for safe assets driving prices higher amidst global instability [8][10] - The current dynamics of the gold market suggest that future fluctuations are likely, making it essential for investors to manage risks effectively [7][10]

Group 1 - The core viewpoint of the article highlights that the global economic environment has become more unfavorable and uncertain due to the economic policies and outlook of the United States, particularly its trade and fiscal policies [1] - Emerging market economies need to exercise extra caution in response to the escalating geopolitical tensions [1]

Group 1 - The global economic environment remains fragile and highly unstable according to the Governor of the Reserve Bank of India [1] - The final phase of global anti-inflation efforts is expected to be prolonged [1]

Group 1 - The core viewpoint is that the global economic environment remains fragile, but the uncertainty regarding global prospects has diminished [1] Group 2 - The statement reflects a cautious optimism about the global economic outlook, indicating that while challenges persist, there is a slight improvement in the overall situation [1]