金十数据5月18日讯，得益于加沙地带的临时停火，以色列经济在第一季度有所回升。以色列中央统计 局周日报告称，GDP经季节性调整后按年率计算增长了3.4%，略低于市场预期的3.5%的预期。以色列 央行预计今年的经济增长率为3.5%。如果目前正在进行的停火谈判未能取得成功，以色列将征召更多 的后备部队，情况可能会变得复杂。本季度商业部门GDP增长了4.4%，可能得益于停火期间预备役人 员返岗带来的劳动力补充。战争期间主要增长引擎政府消费下降0.2%，国防开支骤降15.6%。建筑业回 暖带动固定投资激增8.7%，其中建筑活动扩张44.8%，但统计局强调该水平仍与2021年四季度低位相 当。 加沙短暂停火助力以色列一季度经济增长 ...

Suspension and Resumption of Trading - *ST Mingjia has its delisting risk warning removed and continues to implement other risk warnings, resulting in stock suspension [1] - ST Shengda has its other risk warning removed, leading to stock suspension [1] - *ST Aonong has its delisting risk warning and other risk warnings removed, resulting in stock suspension [2] - Electric Investment Energy plans to issue shares and pay cash to acquire Baiyinhua Coal Power equity, leading to stock resumption. The target company's main business includes coal, aluminum, and electricity production and sales [2] - Binhai Energy plans to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd., resulting in stock resumption [3] - Guangyang Co., Ltd. is planning to acquire 100% equity of Yinqiu Technology, leading to stock suspension [4] Share Buybacks and Increases - Siyuan Electric plans to repurchase shares worth between 300 million to 500 million yuan [5] - Tunnel Co., Ltd.'s controlling shareholder plans to increase company shares by 250 million to 500 million yuan [6] - Jianghan New Materials plans to repurchase shares worth between 200 million to 400 million yuan [7] Investment Cooperation and Operational Status - Qunxing Toys' subsidiary signed a 113 million yuan computing power service agreement with Tencent [8] - Zhongwei Semiconductor's end customer is Yushu [9] - Xinhongye's wholly-owned subsidiary Jiangsu Huaguang won a bid for "Zhangzhou Nuclear Power Plant Units 3 and 4 and Zhejiang Jin Qimen Nuclear Power Plant Units 1 and 2 K3 control cable equipment procurement," with a total bid amount of 102 million yuan [9] - Lianrui New Materials plans to issue convertible bonds to raise no more than 720 million yuan for high-performance high-speed substrate ultra-pure spherical powder material projects, high thermal conductivity high-purity spherical powder material projects, and to supplement working capital [9] - Newhan New Materials' DFBP new capacity has been verified by PEEK manufacturers and has begun bulk supply [10] - AVIC High-tech's composite materials company plans to invest 918 million yuan to enhance the capability of aviation composite material components [11] - Wentai Technology plans to sell assets worth 4.389 billion yuan, strategically exiting the product integration business to focus resources on semiconductor business development [11] - Guangbai Co., Ltd. plans to jointly invest with China Duty Free Group to establish Guangzhou Duty-Free Store Co., Ltd. [12] - Baiyun Airport, along with China Duty Free Group, Guangbai Co., Ltd., and Lingnan Holdings, plans to jointly invest to establish a company for operating Guangzhou's city duty-free store business, with a registered capital of 45 million yuan [12]

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights the potential for increased demand in the construction materials sector, driven by various factors including government projects and rising prices in carbon fiber [1][6] - The report emphasizes the importance of companies with strong operational resilience and high dividends, particularly in the consumer building materials segment [6] - The report suggests that domestic investment expectations are strengthening, with a focus on infrastructure and construction companies benefiting from increased demand [6][9] Summary by Sections Construction Materials - Beneficiaries include companies like Guangdong Hongda, Xuefeng Technology, and Guotai Group due to high demand in civil explosives and major projects like the Yarlung project entering the construction phase [1] - Carbon fiber price increases are noted, with companies such as Zhongfu Shenying and Jilin Chemical Fiber expected to benefit from emerging demand [1] - Companies with strong operational resilience and high dividends, such as Dongfang Yuhong and Weixing New Materials, are recommended for their potential to benefit from domestic consumption stimulus [1][6] Cement Market - The national average cement price is reported at 378.67 RMB/ton, with a decline of 1.1% week-on-week, particularly in regions like North China and East China [3][27] - Cement demand has shown slight recovery but remains 6-7% lower year-on-year, with supply pressures continuing to affect pricing [3][27] - Recommendations include leading cement companies like Conch Cement and Huaxin Cement, which are expected to benefit from domestic demand and industry self-discipline measures [6] Real Estate Market - The report indicates a short-term low overall market sentiment in the new and second-hand housing markets, with new housing transaction area down 12% year-on-year [2][22] - The report tracks transaction data across major cities, highlighting a mixed performance in the real estate sector [2][22] Emerging Opportunities - The report identifies opportunities in the domestic ship coating market, with companies like Maijia Xincai and Songji Co. expected to benefit from rising demand and domestic substitution trends [6][9] - The "Belt and Road" initiative is seen as a catalyst for international engineering projects, with companies like China State Construction and China Metallurgical Group recommended for potential benefits [6][9]

Group 1 - The construction industry is undergoing a critical transformation, with "green development" and "smart buildings" as key directions [1] - The industry is facing both opportunities and challenges due to factors such as deep adjustments in the real estate market, high-tech reshaping of the industry ecosystem, and a green revolution pushing for industrial upgrades [1] - The transition in China's construction sector should focus on quality and sustainability, emphasizing the need for "lean construction" and the integration of new technologies like BIM, cloud computing, big data, and AI [1] Group 2 - The concept of building a "good house" encompasses safety, alongside green and smart features, highlighting the importance of structural reliability in disaster scenarios [2] - There is a need for improved data collection and modeling for structural reliability, with ongoing efforts to develop new load investigation techniques using big data and AI [2] - Recommendations include transitioning from traditional design methods to reliability-based design, indicating significant foundational research is required [2]

Group 1 - The Hang Seng Index closed at 23,345.05 points, down 0.46% on May 16 [1] - Chudi Holdings (01413.HK) closed at HKD 0.08 per share, up 31.15%, with a trading volume of 10.605 million shares and a turnover of HKD 729,200, showing a volatility of 44.26% [1] Group 2 - Over the past month, Chudi Holdings has seen a cumulative decline of 15.28%, and a year-to-date decline of 60.39%, underperforming the Hang Seng Index which has increased by 16.92% [2] - As of September 30, 2024, Chudi Holdings reported total revenue of HKD 270 million, a year-on-year increase of 12.65%, while the net profit attributable to shareholders was a loss of HKD 4.354 million, a decrease of 150.08% [2] - The gross profit margin for Chudi Holdings is 4.51%, and the debt-to-asset ratio stands at 24.95% [2] - Currently, there are no institutional investment ratings for Chudi Holdings [2] - The average price-to-earnings (P/E) ratio for the construction industry is 9.33 times, with a median of 1.58 times; Chudi Holdings has a P/E ratio of 26.22 times, ranking 88th in the industry [2] - Other companies in the industry include Pujiang International (02060.HK) with a P/E of 1.01 times, Food King (Global) (08619.HK) at 1.24 times, Jincheng Group Holdings (01581.HK) at 1.52 times, China Pipe Industry (00380.HK) at 1.56 times, and Indigo Star (08373.HK) at 1.58 times [2] Group 3 - Chudi Holdings is a foundation engineering contractor based in Hong Kong, established in 1995, primarily engaging in foundation engineering through its main operating subsidiary, Guanglian Engineering Co., Ltd. [2] - The company undertakes various foundation engineering projects, including excavation, lateral support, and related works such as pile cap engineering, underground drainage, and site leveling [2]

日本经济新闻社汇总的2025年薪资动向调查结果显示，平均薪资涨幅为5.49%。制造业出现 增长放缓的迹象，增幅与去年持平。人手不足成为难题的非制造业薪资普遍上涨，保持了泡 沫时期以来的高涨幅。美国特朗普政府的关税政策等对日本薪资上涨形成逆风。 调查于3月28日至4月18日进行，在可统计的364家公司中进行了汇总。包括定期加薪和基础 工资上调后的薪资涨幅2024年为5.49%，自2024年的5.57%下降了0.08个百分点。这是四 年来首次出现下降。 工会对大企业设定了"5%以上"的涨薪目标，超过6成的企业达成了这一目标，但4成企业的薪 资涨幅低于去年。平均薪资增长额比去年增加606日元，达到1万9207日元，创历史新高。 一直以来推动薪资增长的制造业涨幅为5.72%，下降了0.39个百分点。受中国经济放缓和原 材料价格上涨等影响，上市制造业企业2024财年（截至2025年3月）的净利润时隔1年出现 了减少。 钢铁行业薪资涨幅为6.37%，涨幅减半。由于中国钢材的过剩生产等影响，利润恶化。JFE钢 铁在提高基础工资方面连续两年做出了满额回应，但薪资涨幅从2024年的12.47%缩小到了 6.57%。 2024年 ...

Group 1 - The core issue is the significant increase in construction material prices in the U.S., attributed to government-imposed tariffs, leading to higher costs for builders and ultimately for consumers [1][2] - A survey by the National Association of Home Builders indicates that 60% of builders report suppliers raising material prices due to tariffs, resulting in an average increase of $10,900 per home [2] - The construction industry is facing a negative sentiment due to rising material costs and economic uncertainty, affecting builders' confidence and decision-making [2] Group 2 - Specific examples of price increases include faucets rising from $160 to at least $200, steel windows from just over $300 to $370, and LED lights from $12-$15 to over $30 [1] - The price of construction input materials has seen a year-over-year increase of 9.7%, with steel, steel products, and copper wire prices rising over 5% in March [2] - Builders are concerned about potential supply shortages due to high tariffs, which could lead to project delays or cancellations [2]

据知情人士透露，印度房地产与建筑公司Shapoorji Pallonji Group签署34亿美元私人信贷协议，成为印 度历史上最大一单私人信用协议。（彭博） ...

Group 1: Guangdong Foreign Trade - Guangdong's foreign trade import and export reached 2.96 trillion yuan in the first four months of this year, growing by 4.9% year-on-year, outpacing the national growth rate of 2.5% [1] - Exports totaled 1.86 trillion yuan, an increase of 2.1%, while imports amounted to 1.1 trillion yuan, growing by 10.1% [1] - Guangdong's stable foreign trade growth serves as a "ballast" for the national foreign trade landscape, contributing significantly to overall national trade growth [1] Group 2: Dongguan Major Projects - Dongguan has announced the first batch of major project supplements for 2025, with a total investment exceeding 29.5 billion yuan, covering infrastructure, industrial projects, and public welfare [2] - Infrastructure construction is expected to boost demand in related industries such as construction and building materials, while industrial projects will promote development across various sectors, creating more economic value [3] Group 3: Hong Kong-Kuwait Cooperation - Hong Kong's Chief Executive, John Lee, led a trade delegation to Kuwait, emphasizing Hong Kong's role as an international financial center and the largest offshore RMB business hub [4] - The trade volume between Hong Kong and the Gulf Cooperation Council reached nearly 20 billion USD last year, increasing by over 53% in the past four years, showcasing Hong Kong's strategic advantage of connecting China and the world [4] Group 4: Macau Foreign Exchange Reserves - As of the end of April, Macau's foreign exchange reserves totaled approximately 229.2 billion patacas, a decrease of 2.8% from the revised total of 235.8 billion patacas in March [5] - The foreign exchange reserves are about 11 times the currency in circulation in Macau as of the end of March, or 87.7% of the M2 money supply in patacas [5] - Adequate foreign exchange reserves are crucial for Macau to withstand external shocks amid increasing global economic uncertainties [5] Group 5: Shenzhen Stock Market - On May 15, the Shenzhen Component Index closed at 10,186.45 points, down by 1.62% [6] - Notable gainers included Qingsong Co. with a price of 6.40 yuan, up 20.08%, and Chuaning Bio with a price of 14.02 yuan, up 20.03% [7] - Significant decliners included Wantong Technology at 8.27 yuan, down 10.01%, and Narl Co. at 11.24 yuan, also down 10.01% [7]

Market Overview - The market is experiencing fluctuations, with Hong Kong stocks closing down 0.79% amid a trade war easing [1] - The Middle East is a focal point for capital, with significant investment commitments from Saudi Arabia and Qatar, including a $600 billion investment from Saudi Arabia and a $1.2 trillion economic exchange agreement with Qatar [1] - There is skepticism regarding the actual economic capacity of Gulf countries to fulfill these commitments, given their GDP figures [1] Technology Sector - The U.S. Department of Commerce has stated that using Huawei's Ascend chips globally violates export controls, indicating ongoing tensions in the tech sector [2] - China's economic indicators show a decline in short-term loans and a decrease in both short-term and long-term household loans, suggesting reduced consumer spending [2] - The overall tech sector, including companies like SMIC and Hua Hong, is expected to face pressure due to these geopolitical tensions [2] IPO Market - The IPO market in Hong Kong is under pressure, with CATL's public offering attracting over $50 billion in institutional orders, indicating strong demand [3] - There are multiple companies, including Chinese enterprises, applying for IPOs in Hong Kong, reflecting ongoing interest in the market despite broader economic challenges [3] Shipping and Port Sector - The shipping and port sectors are seeing strength, with companies like China Merchants Port announcing new leasing agreements to enhance financing [4] - China Merchants Port's stock rose nearly 4%, alongside gains in other shipping companies, indicating positive market sentiment in this sector [4] Tencent Holdings - Tencent reported better-than-expected Q1 results, with revenue of 180.22 billion RMB, a 13% year-on-year increase, and a net profit of 47.82 billion RMB, up 14% [5] - The company is adjusting its organizational structure to enhance its e-commerce capabilities, which aligns with its strategic goals [5] Urban Development - The Chinese government has issued guidelines to promote urban renewal, focusing on sustainable development and infrastructure improvement [6] - Key companies in this sector include Vanke, Yuexiu Property, and China Resources Land, which are expected to benefit from these initiatives [6] Company Spotlight: Blokko - Blokko is experiencing significant growth, with projected revenue of 2.241 billion RMB in 2024, a 155.6% increase, driven by its successful transition into the building block toy market [7] - The company has a diverse IP portfolio, including partnerships with major franchises like Ultraman, contributing to its revenue growth [7][8] - Blokko's distribution strategy includes a strong presence in first and second-tier cities, with plans to expand its product offerings further [8]