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Lates News

date
27/08/2025
On Tuesday (August 26), the New York spot gold rose 0.76% to $3391.35 per ounce at the closing bell. At 08:00 Beijing time, there was a significant rally, with prices rising from around $3350 to above $3385. COMEX gold futures rose 0.65% to $3439.60 per ounce, trading between $3396.10 and $3440.80 during the day. The Philadelphia Gold and Silver Index closed up 1.94% at 244.06 points, setting a new record high.
Latest
1 m ago
Middle Finger Research: The average brand value of the leading national property service brand enterprises in 2024 is 121.45 billion yuan, a year-on-year increase of 3.78%.
1 m ago
Open Source Securities pointed out that the controllable nuclear fusion technology route, including magnetic confinement, Z-pinch, FRC, and other technology routes, are all experiencing important changes. Currently, the global operation/under construction nuclear fusion projects are mainly led by public funds and mostly use the magnetic confinement technology route; planned nuclear fusion projects are mainly led by private capital and the technology routes are becoming more diversified. The global fusion competition has begun, with frequent financing activities by fusion companies around the world and prominent US technology giants such as Google, Amazon, and Microsoft actively investing in fusion companies. Referring to the annual construction pace of 10GW-level nuclear fission reactors in China, if nuclear fusion power stations can be successfully commercialized, the annual investment amount in the future under the scenario of mass construction may reach tens of billions of yuan. Technological progress and capital investment are jointly driving the industry into a rapid incubation stage, and it is recommended to pay attention to the investment opportunities in the upstream equipment, materials, and other sectors brought about by the accelerated capital expenditures of fusion projects.
1 m ago
Open Source Securities: Suggest focusing on the investment opportunities in upstream equipment, materials, and other sectors brought about by the accelerated capital expenditure of fusion projects.
2 m ago
Open-source securities: domestic commission base effect fades, overseas tariff uncertainty expected to improve, maintain a buy rating on Pinduoduo.
2 m ago
The open source securities research report stated that considering the company's investment in merchant services, user experience, and industrial upgrading in pursuit of long-term sustainable development, we have lowered the company's non-GAAP net profit forecast for 2025-2027 to 99.0/138.3/170.0 billion yuan (previous value 139.5/169.4/200.5 billion yuan), corresponding to year-on-year growth rates of -19.1%/39.7%/22.9% and corresponding diluted EPS of 16.7/23.3/28.7 yuan. The current stock price corresponds to a 13.2/9.4/7.7 times PE for 2025-2027. Domestic e-commerce market share is expected to continue to increase, with overseas TEMU actively expanding. The adjustment of domestic commission policies in 2025H2 will weaken the base effect and marginal impact of national subsidies, and overseas tariff uncertainties are expected to improve. We maintain a "buy" rating.
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