1月23日，合锻智能（SH603011，股价26.91元，市值133亿元）披露2025年年度业绩预告，公司预计归 属于上市公司股东的净利润为-2.6亿元至-1.8亿元，亏损额较2024年大幅增加。公司将此归因于汽车行 业"价格战"向产业链传导，其主营业务之一的高端成形机床板块综合毛利率持续下滑。 1月22日，华源证券发布研报，首次给予合锻智能"增持"评级，理由包括看好公司以核聚变装备为代表 的尖端制造业务，认为其有望成为公司发展新的支柱。 除了受到汽车行业影响，合锻智能公告显示，公司依据相关规定，基于谨慎性原则，对存货等资产计提 了减值准备。由此可见，主营业务盈利能力下滑，叠加计提资产减值准备，导致合锻智能2025年业绩亏 损。 券商逆势看好尖端制造，核聚变业务被市场寄予厚望 尽管公司基本面承压，但资本市场对其前沿业务布局寄予期待。1月22日，华源证券发布的研报显示， 首次覆盖并给予合锻智能"增持"评级。华源证券分析师认为，随着行业招投标逐步放量，以核聚变装备 为代表的尖端制造有望成为公司新的支柱。 核聚变被誉为人类的"终极能源"，是全球科技竞争的前沿阵地。记者注意到，据公开信息，合锻智能自 2021年起布局 ...

Core Viewpoint - Argus has lowered the price target for Netflix (NFLX) to $110 from $141 while maintaining a Buy rating on the shares, indicating a cautious outlook amidst market volatility [1] Group 1: Acquisition and Market Reaction - Netflix's agreement to acquire Warner Bros. Discovery (WBD) is viewed as a bold move, but the market has reacted negatively, reflecting concerns over potential risks associated with a bidding war against Paramount Skydance (PSKY) and regulatory antitrust issues [1] - The market's reaction includes fears of political interference, which adds to the uncertainty surrounding the acquisition [1] Group 2: Strategic Positioning - Despite the risks, the acquisition is seen as an opportunity for Netflix to strengthen its position in long-form streaming, especially as competition intensifies from platforms like YouTube (GOOGL) and TikTok [1]

（周梦婷 摄影） 本报（chinatimes.net.cn）记者周梦婷 北京报道 在华业绩持续下行，耐克大中华区高层再次迎来调整。1月21日，耐克公司宣布，现任大中华区领导董 炜将于3月31日正式卸任。同时，耐克宣布任命Cathy Sparks为新任耐克大中华区副总裁兼总经理。此次 距离董炜上任耐克大中华区负责人仅1年多时间。 自2022年以来，耐克大中华市场正经历一场深刻的挑战。其业绩持续受挫，市场份额遭到蚕食。面对安 踏、特步等本土品牌的全面进攻，以及lululemon、昂跑等新兴品牌在细分赛道的精准侵蚀，耐克的防 御显得力不从心。如何守住现有市场领域，已成为其必须攻克的首要难题。 换帅自救 仅经历一年多时间，耐克大中华区负责人便再次被换。董炜是耐克的老将，根据耐克中国相关工作人员 提供给《华夏时报》记者的资料，其于2005年加入耐克，在过去二十余年间，在大中华区担任多项重要 领导职务，在其任期内，耐克深度参与并见证了大中华区体育、文化及业务发展的多个里程碑，包括北 京奥运会、中国消费者与数字生态的迅速崛起等等。2024年10月，董炜被任命为耐克大中华区董事长兼 CEO，及户外ACG品牌全球CEO，成为首 ...

Group 1 - The firm Argus raised the price target on Prologis (PLD) to $135 from $128 while maintaining a Buy rating on the shares [1] - Recent momentum in Prologis shares is attributed to sector rotation and an improving industry outlook [1] - The analyst believes that the fundamentals can sustain this momentum moving forward [1]

Core Viewpoint - The launch of the 21shares Dogecoin ETF marks a significant development in the cryptocurrency investment landscape, providing a regulated and accessible way for investors to gain exposure to Dogecoin [1] Group 1: Company Overview - House of Doge, the corporate arm of the Dogecoin Foundation, has partnered with Brag House Holdings to introduce the 21shares Dogecoin ETF [1] - 21shares is recognized as one of the leading issuers of crypto exchange-traded funds globally [1] Group 2: Product Details - The 21shares Dogecoin ETF, named TDOG, offers investors direct exposure to Dogecoin through a fully backed and transparent exchange-traded vehicle [1] - The ETF will begin trading on NASDAQ on January 22 [1] - TDOG holds Dogecoin on a 1:1 basis in institutional-grade custody, ensuring secure access for investors [1] Group 3: Investor Benefits - The new ETF simplifies the investment process by allowing participation in Dogecoin's growth without the need for digital wallets or crypto exchanges [1] - Investors can utilize their existing brokerage accounts to invest in the ETF, enhancing convenience and accessibility [1]

Argus raised the firm’s price target on IFF (IFF) to $80 from $70 and keeps a Buy rating on the shares. The firm has a favorable view of the company’s innovative products and global reach, as well as their broad-based product applications across different markets, and while the company’s growth trajectory has been flattened by geopolitical developments and high raw material costs, Argus expects earnings to turnaround in the next few quarters, the analyst tells investors in a research note. Claim 50% Off ...

Core Insights - Associated Banc-Corp (ASB) reported fourth-quarter 2025 earnings of 80 cents per share, exceeding the Zacks Consensus Estimate of 69 cents and up from adjusted earnings of 57 cents in the prior-year quarter [1][10] Financial Performance - Net income available to common equity was $134 million, a significant recovery from a loss of $164 million in the year-ago quarter, surpassing the estimate of $111 million [2] - Total revenues for the quarter were $393.5 million, an increase from adjusted revenues of $346 million in the prior-year quarter, beating the Zacks Consensus Estimate of $379.7 million [3] - Net interest income (NII) rose to $310 million, a 15% increase year over year, with a net interest margin of 3.06%, up 25 basis points [4] - Non-interest income totaled $79.4 million, improving 11% from adjusted non-interest income of $71.8 million, driven by increases in wealth management fees and capital markets revenue, exceeding the estimate of $70.1 million [5] - Non-interest expenses decreased to $219 million, down 2% year over year, reflecting the absence of prior-year losses on prepayments of FHLB advances [6] Loans and Deposits - Total loans as of December 31, 2025, were $31.2 billion, up 1% sequentially, primarily due to higher commercial and business lending [7] - Total deposits rose 2% sequentially to $35.6 billion, exceeding the estimate of $35.3 billion [7] Credit Quality - The company recorded a provision for credit losses of $7 million, down from $17 million in the prior-year quarter, significantly lower than the estimate of $18.8 million [8] - Total non-performing assets were $129.2 million, a 10% decrease year over year, with non-accrual loans falling 19% to $100.4 million [8] Capital Ratios - As of December 31, 2025, the common equity Tier 1 (CET1) capital ratio improved to 10.49%, up from 10.33% in the corresponding period of 2024, while the Tier 1 capital ratio rose to 11.04% from 10.89% [11] Future Outlook - Management expects total period-end loan growth of 5-6% and total deposit growth in the same range for 2026 [12] - NII is projected to grow by 5.5-6.5%, while total non-interest income is expected to rise by 4-5% [12] - Total non-interest expense is anticipated to grow by 3% [12] - The annual effective tax rate is expected to be between 19-21% [13] Overall Assessment - ASB's strong quarterly performance reflects the benefits of its diversified franchise and disciplined balance sheet management, with positive indicators for sustained growth [14]

1月23日，上海期货交易所（以下简称上期所）发布通知称，自2026年1月27日（星期二）收盘结算时起，调整镍、铅、锌等期货相关合约涨跌停板幅度和 交易保证金。 从期货市场来看，沪镍今日午后直线拉升，截至收盘涨近4%。消息面上，印度尼西亚可能会在2026年批准约2.6亿公吨的镍矿石生产配额。 继金、银、铜、铝之后，上期所又出手了！ 相关调整如下：镍期货已上市合约的涨跌停板幅度调整为10%，套保持仓交易保证金比例调整为11%，一般持仓交易保证金比例调整为12%；氧化铝、 铅、锌期货已上市合约的涨跌停板幅度调整为8%，套保持仓交易保证金比例调整为9%，一般持仓交易保证金比例调整为10%；不锈钢期货已上市合约的 涨跌停板幅度调整为6%，套保持仓交易保证金比例调整为7%，一般持仓交易保证金比例调整为8%。 | 品种 | 合约 | | 现行标准(%) | | | 调整后标准(%) | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 交易保证金 | | 交易保证金 | | | | | 涨跌 | | | 涨跌 | | | | | | 停板 | 套保 ...

乐有家研究中心认为，未来配售型保障房供应将成为深圳住房体系重要房产类型之一，解决新青年、新 市民的部分刚性住房需求，对周边刚需竞品商品房项目可能会有一定冲击，优质的改善型商品房资产也 会显得更加"稀缺"。 深圳最新明确。 此外，记者从中国人民银行深圳市分行获悉，深圳商业用房购房贷款政策作以下调整：商业用房 （含"商住两用房"）购房贷款最低首付款比例调整为不低于30%。在政策下限基础上，辖内各商业银行 可按照市场化、法治化原则，结合自身经营情况、客户风险状况等因素，合理确定每笔商业用房购房贷 款具体首付款比例，上述政策自2026年1月23日起执行。 1月23日，记者从深圳市住房和建设局网站了解到，《深圳市配售型保障性住房管理办法》（以下简称 《办法》）印发。《办法》将于2026年3月1日起施行，《办法》明确了配售型保障性住房的申请条件、 配售方式及流程、封闭管理、使用监管等内容。 据悉，配售型保障性住房是住房保障体系中的一种住房类型，是指按照有关政策规划建设，限定户型面 积、销售价格、使用和处分权利等，实施封闭管理，面向符合条件的住房困难工薪群体配售的住房。配 售型保障性住房实行现房配售。据了解，配售型保障性住 ...

万得数据显示，泡泡玛特近七个交易日南向资金成交净买入近17亿港元。 此次大涨，主要在于公司近两年来首次启动股份回购，提振市场信心，机构资金积极流入；与此同时，多家机构维持对公司的业 绩增长乐观预期。 盲盒市场层面，1月22日，泡泡玛特发布2026年情人节限定款盲盒"星星人怦然星动"系列，该系列上线后迅速售罄，热门款在二手 市场出现较高溢价。另一款"PUCKY敲敲系列"盲盒被网友称为"电子木鱼"，也成了热门商品。 回调数月的"港股新消费三姐妹"之一的泡泡玛特，在本周强势反弹。 截至1月23日收盘，泡泡玛特收涨6.6%，周累计涨幅约23%，为近三年来单周最大涨幅。 2025年下半年以来，泡泡玛特股价持续回调，且与公司同期公布的业绩形成显著反差。Wind数据显示，2025年下半年，泡泡玛特 股价累计下跌约30%，而泡泡玛特第三季度整体收入同比增长245%至250%。 市场分析人士认为，这一现象背后存在多重结构性原因。一方面，港股大盘自2025下半年以来整体承压，流动性减弱，泡泡玛 特、蜜雪冰城、老铺黄金等消费板块的明星股，业绩亮眼但难以抵御宏观环境的压力；另一方面，公司为应对市场需求，对盲盒 进行扩产补货，在一定程 ...