Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently combined long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Group 1 - The article discusses the performance of business development companies (BDCs), noting that while many have seen a decline in value, some stronger players have remained stable and continue to offer attractive yields [1] - The focus is on short-duration, high-yield investments, highlighting the potential for mispriced preferred stocks and baby bonds [1] - The service mentioned includes features such as frequent investment picks, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1] Group 2 - The article emphasizes the importance of active investor participation and the availability of a chat room for discussions among sophisticated traders and investors [1] - It mentions that the analyst has a beneficial long position in the shares of GECCI, indicating a personal investment interest [1]

Company Overview - Ontex Group NV is a leading international developer and producer of personal care products, including baby care, feminine care, and adult care products [5] - The company employs approximately 5,500 people and operates plants and offices in 12 countries, distributing innovative products in around 100 countries [5] - Ontex is headquartered in Aalst, Belgium, and is listed on Euronext Brussels as a constituent of the Bel Mid index [5] Upcoming Financial Results - Ontex will announce its second quarter and first half year results for 2025 on July 31, 2025, at 07:00 CEST / 06:00 BST [1] - A webcast for investors and analysts will be held on the same day at 12:00 CEST / 11:00 BST [1] - A replay of the webcast will be available shortly after the live presentation and will remain accessible for one year [1] Investor Relations - Professional investors and financial analysts wishing to participate in the Q&A session at the end of the call must contact investor relations prior to the publication date [2] - Consensus figures for the upcoming results are available on Ontex's investor website, based on equity analyst projections [3]

Core Insights - Ontex Group NV has been recognized by CDP for the second consecutive year for its climate actions in collaboration with suppliers, focusing on reducing scope 3 emissions [1][3] - The company achieved a prestigious CDP A rating for Climate in February 2024, and the recognition from the Supplier Engagement Leaderboard signifies a milestone in its sustainability efforts [2][3] - In 2024, Ontex gathered data from suppliers covering over 50% of emissions from purchased goods and services, enabling better tracking of supplier improvements [2] Company Overview - Ontex is a leading international developer and producer of personal care products, including baby care, feminine care, and adult care, primarily serving markets in Europe and North America [5] - The company employs around 5,500 people and operates in 12 countries, with its products distributed in approximately 100 countries [5] - Ontex is headquartered in Aalst, Belgium, and is listed on Euronext Brussel as part of the Bel Mid® index [5]

亲爱的刘关张三位兄弟，你们好！ 到今天了，世界已经发生了巨大的变化，新一代的用户是95后00后，他们是成长在物质极度丰富的环境 下的一批人，他们思考的很多问题，并不见得像60、70、80年代人一样。即便他们真的需要省钱，他们 也不会念你们的好，一个人省钱的内容是无法被传播和发布出来炫耀的，就连我们家的阿姨都会撸个全 妆，美颜开到最大发一个OOTD的朋友圈，因为这是一个花钱和炫耀的时代！ 时间来到了2025年，没想到还能够见到互联网一代目下场的互殴大战，动用的资源惊人的可怕，但是这 场战斗最终的结果可能是三败俱伤。最终收获的人可能还是抖音、小红书、快手这样的更先进的移动互 联网平台，因为他们更加理解用户，能够拥有用户更多的时长，连你们大战互殴的内容也变成了他们的 内容流量，他们用很轻巧的方式去满足了用户的需求。今天中国互联网用户的核心需求就是要有陪伴的 感觉，而这些平台搭建了这样的一个桥梁，通过内容和其他用户的时间来帮助平台去维护和陪伴其他的 用户。新一代互联网平台通过算法巧妙地运用了每一个用户的时间，让时间在流转中产生价值，从而获 取了更多的"用户时间"，也就是所谓的"流量"，用户在这里交换着彼此的时间的同时 ...

Group 1 - The Swiss Medicines Agency has approved Novartis' Riamet Baby, a new anti-malaria drug specifically designed for newborns weighing between 2 to 5 kilograms, marking a significant advancement in the global fight against malaria [1] - Riamet Baby can dissolve in breast milk and has a sweet cherry flavor, making it easier for newborns to consume [1] - Prior to the approval of Riamet Baby, there were no approved treatments for malaria in newborns weighing less than 4.5 kilograms, which posed risks of overdose and increased toxicity when using formulations intended for older children [1] Group 2 - The approval process involved close collaboration with drug regulatory agencies from eight African countries, including Burkina Faso, Côte d'Ivoire, Kenya, Malawi, Mozambique, Nigeria, Uganda, and Tanzania [1] - The World Health Organization's Global Malaria Program participated in the scientific evaluation of Riamet Baby [1] - According to the WHO's 2024 World Malaria Report, 94% of malaria cases and 95% of malaria deaths in 2023 occurred in the African region, with 76% of deaths being children under five years old [2]

周大福(1929)14.16 元 / 短線目標價：15.00 元 /12.8%潛在升幅 港股早晨快訊 2025 年 7 月 9 日星期三 個股推介 催化劑：i) 金價曾創歷史新高，加上高毛利的一口價黃金產品流水佔 比持續提升，及於同期基數較低下，預期內地同店銷售及流水按年跌幅 可望進一步收窄； 估值：股價自我們 3 月初推介起，累計升 60%，現價對應 FY26E 17.8x 預測市盈率，較其業績上行期時平均約 20x 估值仍折讓 11%；公司為 行業龍頭，隨著同店銷售有望好轉，加上收入結構逐步優化，公司估值 可獲向上重估，其 4.7%預期股息率可為股價帶來支持 泡泡瑪特(9992) 269.60 元 / 短線目標價：300.00 元 /16.3%潛在升幅 催化劑：i) 於重點 IP 如 Monsters 系列(包括 Labubu)及新興 IP CRYBABY 熱度持續，隨著重點 IP 近期陸續回補庫存，料公司最快於 7 月中旬發盈喜，並有機會於 1H25 業績上調 FY25E 收入增長指引； 估值：現價對應 FY26E 0.6x 市盈增長率(PEG)，其 PEG 仍低於 Sanrio(8136 JP)同期 ...

Group 1 - The core point of the news is that Hangzhou Haoyue Nursing Products Co., Ltd. has completed the acquisition of production assets from Nantong Dawang, which will enhance its production capacity and support future business development [1][2] - The total transaction price for the acquisition of Nantong Dawang's production line is 266 million yuan, which includes land use rights, factory buildings, and some equipment [1] - The acquisition is aimed at optimizing existing business operations and creating new profit growth points, thereby enhancing the company's sustainable operational capabilities and overall competitiveness [1] Group 2 - Nantong Dawang's GOO.N brand of baby diapers is well-known in China, and after the transaction, it will continue to sell its products through external companies, including Haoyue Nursing [2] - Haoyue Nursing is focusing on building its own brands, such as "Hope Baby" and "Sunny Baby," and is increasing advertising and promotion efforts through emerging online channels like Douyin and Xiaohongshu [2] - In 2024, Haoyue Nursing is projected to achieve a revenue of 2.929 billion yuan, with baby hygiene products contributing 2.060 billion yuan, accounting for 70.32% of the total revenue [2]

Core Insights - Novartis has received approval in Switzerland for its first drug aimed at treating malaria in infants, named Coartem Baby [1] - The drug is expected to gain rapid approval in eight African countries involved in the evaluation process, where it is also known as Riamet Baby [1]

行业研究丨深度报告丨轻工制造 [Table_Title] 新消费蔚然成风，传统盘踵事增华 ——轻工行业 2025 年度中期投资策略 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] IP 衍生品情绪消费星河浩瀚，本土文化出海；新烟大势所趋，长坡厚雪的景气赛道；个护供给 创新与渠道变革给予品牌发展新机遇；家居需求磨底，供给缓慢退出，龙头类债投资；造纸供 需有望逐渐平衡，周期磨底回升可期；包装关注高股息方向，以及金属包装格局优化；电动两 轮车短期业绩高增，长期看份额提升、产业布局和出海；出口在不确定的关税政策中寻找确定 性的成长。 分析师及联系人 [Table_Author] 蔡方羿 米雁翔 仲敏丽 SAC：S0490516060001 SAC：S0490520070002 SAC：S0490522050001 SFC：BUV463 应奇航 章颖佳 SAC：S0490524080008 请阅读最后评级说明和重要声明 2 / 42 %% %% %% %% research.95579.com 2 轻工制造 cjzqdt11111 [Tabl ...