据方正证券测算，以昭衍新药为例，假设按照2024年实验猴均价计入公允价值8.49万/只，2025Q4价格 提升至14万/只，假设猴场出栏率为17%，按照已知23200只猴测算，毛估计(不考虑新补进猴子及未成年 &老龄猴的影响)2025年新增公允价值约2.2亿。 昭衍新药（603127）(06127)涨超4%，本月股价已累涨超三成。截至发稿，涨4.04%，报22.14港元，成 交额2.08亿港元。 消息面上，根据北京商报，12月9日实验猴价格呈加速上涨趋势，大约14万元/只。方正证券指出，实验 猴作为临床前安评的刚性资源，随着临床前CRO订单稳步回暖，需求提升；且供给侧短期扩产难度较 大，部分猴场表示产能已预定至2026年一季度，预计供需偏紧状态或将维持，短期价格有望进一步上 行。 ...

Core Viewpoint - China International (01064) experienced a significant stock price increase of over 160%, reaching HKD 0.155, with a trading volume of HKD 5.7673 million, following the announcement of its expected mid-term performance [1] Financial Performance - The company anticipates a net profit of approximately HKD 40 million for the six months ending June 30, 2025, compared to a net loss of about HKD 31 million for the same period ending June 30, 2024 [1] - The turnaround from loss to profit is primarily attributed to a fair value gain of approximately HKD 40 million from an equity interest in a physical entity, as assessed by an independent property valuation expert [1] - In the previous period, the company recorded a fair value loss of about HKD 28 million, which was influenced by the appreciation of the Renminbi during the revaluation process [1]

Core Viewpoint - China International (01064) experienced a significant stock price increase of over 160%, reaching HKD 0.155, with a trading volume of HKD 5.7673 million, following the announcement of its expected mid-term performance [1] Financial Performance - The company anticipates a net profit of approximately HKD 40 million for the six months ending June 30, 2025, compared to a net loss of about HKD 31 million for the same period ending June 30, 2024 [1] - The turnaround from loss to profit is primarily attributed to a fair value gain of approximately HKD 40 million from an equity interest in a physical entity, as assessed by an independent property valuation expert [1] - In the previous period, the company reported a fair value loss of about HKD 28 million, indicating a significant improvement due to the appreciation of the Renminbi during the revaluation process [1] Non-Cash Transactions - The fair value gain is classified as a non-cash transaction and is recognized as unrealized gains in the company's consolidated income statement [1]

Core Viewpoint - The company, China International (01064), anticipates a net profit of approximately HKD 40 million for the six months ending June 30, 2025, a significant turnaround from a net loss of about HKD 31 million for the same period ending June 30, 2024 [1] Group 1 - The turnaround from loss to profit is primarily attributed to a fair value gain of approximately HKD 40 million from an equity interest in a physical entity, based on preliminary valuations by an independent professional property valuer [1] - In the previous period, the company recorded a loss of about HKD 28 million from the same fair value assessment [1] - The fair value gain is a non-cash transaction and is recognized as an unrealized gain in the company's consolidated income statement [1]

Core Viewpoint - JEDI Group (08313) has issued a profit warning, expecting a net loss of approximately 730,000 Singapore dollars for the six months ending June 30, 2025, which represents an improvement compared to a net loss of about 1.42 million Singapore dollars in the same period last year, reflecting a reduction of approximately 690,000 Singapore dollars or 48.6% [1] Financial Performance - The expected financial performance improvement is primarily attributed to a fair value gain of financial derivatives amounting to approximately 670,000 Singapore dollars, an increase of 970,000 Singapore dollars compared to a prior loss of 290,000 Singapore dollars [1] - Employee costs have decreased by approximately 230,000 Singapore dollars, and income tax expenses have reduced by about 150,000 Singapore dollars [1] Revenue Analysis - Revenue has declined from approximately 1.76 million Singapore dollars in the previous period to about 1.39 million Singapore dollars in the current reporting period [1] - The revenue decrease is mainly due to a reduction in dividend income by approximately 130,000 Singapore dollars, a decrease in management fees from special purpose companies and real estate funds by about 300,000 Singapore dollars, and a reduction in performance fees from managed real estate funds by approximately 590,000 Singapore dollars [1] - This revenue decline was partially offset by a one-time bidding fee of about 500,000 Singapore dollars paid by Media Circle Fund and Laserblue for the successful acquisition of residential projects, along with an increase in company expenses of approximately 110,000 Singapore dollars [1]

Core Viewpoint - The company expects a net loss of approximately SGD 730,000 for the six months ending June 30, 2025, which represents an improvement of about SGD 690,000 or 48.6% compared to a net loss of SGD 1.42 million in the same period last year [1] Financial Performance - The improvement in financial performance is primarily attributed to a fair value gain of financial derivatives amounting to approximately SGD 670,000, an increase of SGD 970,000 compared to a prior loss of SGD 290,000 [1] - Employee costs decreased by approximately SGD 230,000, and income tax expenses were reduced by about SGD 150,000 [1] Revenue Analysis - Revenue decreased from approximately SGD 1.76 million in the previous period to about SGD 1.39 million during the reporting period [1] - The decline in revenue is mainly due to a reduction in dividend income by approximately SGD 130,000, a decrease in management fees from special purpose companies and real estate funds by about SGD 300,000, and a reduction in performance fees from real estate funds by approximately SGD 590,000 [1] - This revenue decline was partially offset by a one-time bidding fee of approximately SGD 500,000 paid by Media Circle Fund and Laserblue for the successful acquisition of residential projects, along with an increase in company expenses of about SGD 110,000 [1]