在不可逆的下行趋势下，区域综合医院不得不向外看，寻找一个足够大且具有确定性的新市场去博取生机，即银发医疗市场。然而，业界的认知却很难规避一个致命误区 本年度第17个交易周（20260420-20260426），A股继续放量上攻，而港股虽然走出冲突阴霾，但走势继续震荡。港市医疗股的流动性继续下降。固生堂还保持去年同期水平，其他都掉了三成以上，说明主流机构在新一年策略里，继续边缘化医疗股。而固生堂能在港市医疗股独树一帜靠的就是业绩，只有数字才能挽救信心。“Talk is too cheap”再次上演。如果半年报，甚至一季度再给出一个“振奋人心”的“反转”业绩，港市医疗股的流动性将继续被市场砍掉一刀，这一刀按照之前的经验推测还是三成以上。那么港市医疗股将继续为70%的资本进行争夺，留在港股通的时间和几率如同“饥饿游戏”一样。有些人认为对于医疗股最难的日子是去年上半年，其实笔者不认可。最难的日子才刚刚开始，当医疗股被主流机构边缘化的时候，流动性开始枯竭。没有流动性，就意味着大幅度折价。市场的共识——股价的增长，可以解决一切问题和一切人的问题。翻过来，一个持续下跌的价格，会让一切问题和一切人产生的问题，逐渐暴露出来，不断叠加至难以复加，最终的结局只有一个。如果想避免这个结局，就要大刀阔斧地“Do Something”。 推荐进入 财新数据库 ，可随时查阅宏观经济、股票债券、公司人物，财经数据尽在掌握。
A senior official at the Bank of Korea said it’s time to consider raising rates, as economic growth appears unlikely to fall much below the bank’s earlier projections, while inflation is likely to exceed its previous forecast. “It’s time to consider stopping rate cuts, and thinking about increases,” Senior Deputy Governor Ryoo Sangdai told reporters Sunday in Samarkand, where he is attending the a...
A senior official at the Bank of Korea said it’s time to consider raising rates, as economic growth appears unlikely to fall much below the bank’s earlier projections, while inflation is likely to exceed its previous forecast. “It’s time to consider stopping rate cuts, and thinking about increases,” Senior Deputy Governor Ryoo Sangdai told reporters Sunday in Samarkand, where he is attending the annual meeting of the Asian Development Bank. Ryoo, who also serves on the BOK’s monetary policy board, cited stronger-than-expected economic resilience following the outbreak of war in the Middle East, alongside mounting inflationary pressures. The central bank has kept is benchmark policy rate unchanged since July last year. In February, the central bank had forecast growth of 2% and inflation of 2.2% for this year. While policymakers initially expected the Iran turmoil to weigh on growth and push prices higher, recent data suggest the growth outlook has not deteriorated as much as feared due to robust semiconductor shipments, while inflation risks have increased. Read Also: BOK Warns of Considerably Stronger Inflation on US-Iran Crisis Prices are facing “significant upward pressure” even after accounting for government measures aimed at stabilizing inflation, Ryoo added. Asked whether the BOK could signal the possibility of rate hikes this year at its upcoming May 28 policy meeting, Ryoo said “the possibility is open,” while stressing that policymakers will assess incoming data before making a decision. On South Korea’s currency, Ryoo said the won remains weaker than in the past when judged against economic fundamentals, although markets do not appear to view the current level as a major concern. The Korean currency has recently touched its weakest level against the dollar since the global financial crisis. Ryoo described the first-quarter’s 1.7% growth rebound as “surprising,” noting that the economy has held up better than expected despite external shocks. Addressing co...
Decision by the World Coffee Championships has enraged members of Taiwan’s coffee community, including previous winners of the competition Berg Wu remembers the pride he felt when he was crowned world barista champion. The stands that June day in Dublin were packed with cheering friends as he bested competitors from more than 50 countries to take first place at the 2016 World Coffee Championships ...
Decision by the World Coffee Championships has enraged members of Taiwan’s coffee community, including previous winners of the competition Berg Wu remembers the pride he felt when he was crowned world barista champion. The stands that June day in Dublin were packed with cheering friends as he bested competitors from more than 50 countries to take first place at the 2016 World Coffee Championships (WCC). The first Taiwanese person to win the competition, he draped the red, blue and white nationalist flag of the Republic of China – Taiwan’s official name – over his shoulders as he posed for pictures with his award. Continue reading...
I bought Enbridge (NYSE: ENB) in 2021 and have added to my position a couple of times since then. As a dividend investor, the most obvious draw is the North American midstream giant's lofty yield of 5.1%, well above the broader market's 1.1%. However, there is so much more to like about this energy business, which I expect to provide me with a reliable passive income stream for the rest of my life...
I bought Enbridge (NYSE: ENB) in 2021 and have added to my position a couple of times since then. As a dividend investor, the most obvious draw is the North American midstream giant's lofty yield of 5.1%, well above the broader market's 1.1%. However, there is so much more to like about this energy business, which I expect to provide me with a reliable passive income stream for the rest of my life. Enbridge is an energy stock , but it is really better viewed as a service provider. It owns the energy infrastructure that helps to move oil and natural gas around the world. It charges its customers fees for using its assets. That allows the company to sidestep commodity risk, with energy demand far more important to Enbridge's results than oil prices. Given the importance of energy to the modern world, the volume flowing through Enbridge's system tends to be strong throughout the entire energy cycle. Image source: Getty Images. Continue reading
South Korea’s largest pension fund removed its cap on currency hedging last month, allowing it to exercise more heft in the foreign exchange market at a time of won weakness. The National Pension Service , which manages about 1,610.4 trillion won ($1.08 trillion), said in April that a 15% ceiling on forex hedging for its foreign investments is now a baseline. The change lets it smooth out volatili...
South Korea’s largest pension fund removed its cap on currency hedging last month, allowing it to exercise more heft in the foreign exchange market at a time of won weakness. The National Pension Service , which manages about 1,610.4 trillion won ($1.08 trillion), said in April that a 15% ceiling on forex hedging for its foreign investments is now a baseline. The change lets it smooth out volatility in the currency market caused by its capital outflow. The fund has about 886 trillion won in overseas assets, much of them in dollar-denominated investments. How the NPS manages its currency exposure has taken on greater significance after the won hit a 17-year low against the dollar on March 31. Here are some key questions to consider about the change: Why is NPS such an FX market heavyweight? The NPS, as the world’s fourth-largest retirement fund, needs dollars for foreign investments and sells them when repatriating returns. On a typical trading day, the fund is among the biggest currency traders in Seoul. Any shift in its hedging stance can move the dollar-won rate several figures within minutes. What are its major FX hedging strategies? The fund employs two main FX hedging strategies — tactical and strategic. Tactical hedging, traditionally capped at 5% of overseas assets, is used for short‑term, flexible moves to protect against sudden currency swings. Strategic hedging is long‑term and planned, designed to manage currency risk over years regardless of short‑term volatility. Until the latest change, it had been capped for several years at 10% of overseas assets. In April, the fund didn’t disclose how the new 15% baseline is split between the two strategies. While older meeting minutes detailed separate ratios, recent records omit the strategic figure, likely to prevent speculators from positioning around NPS’s activation moves. When NPS hedges, it typically promises to sell dollars to major Korean banks later at a fixed price. To prepare, those banks immediately se...
China has ordered companies to defy US sanctions for the first time, a step that threatens to put its banking sector into the crosshairs of competition between the world’s largest economies. The decision, announced on Saturday, risks becoming a watershed moment. While China has often railed against unilateral sanctions, it has in the past quietly allowed companies to comply with them to avoid blow...
China has ordered companies to defy US sanctions for the first time, a step that threatens to put its banking sector into the crosshairs of competition between the world’s largest economies. The decision, announced on Saturday, risks becoming a watershed moment. While China has often railed against unilateral sanctions, it has in the past quietly allowed companies to comply with them to avoid blowback on its own economy and preserve access to the US financial system. Beijing is now signaling a far firmer stance against such restrictions by directing companies not to abide by US sanctions on five domestic refiners linked to the Iranian oil trade. A commentary on the People’s Daily app, the Communist Party mouthpiece, called the announcement “a pivotal step in the transition of China’s foreign-related legal weapon from institutional reserves to practical application.” The move represents Beijing’s most aggressive action to date in countering Washington’s financial statecraft, setting up a showdown before a long-awaited meeting between President Donald Trump and his counterpart Xi Jinping later this month. It comes with the US sanctions system already under strain, as Washington vacillates on restrictions against Russia, Venezuela and Iran. China is deploying a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. The refiners — including Hengli Petrochemical (Dalian) Refinery Co. which was sanctioned last month, and several other privately-owned processors — had been facing asset freezes and transaction bans. Lenders working with Hengli and other private processors are scrambling to understand the decision and are seeking clarity from the banking regulator. Public holidays in China this week allow them some time, since business is on hold, as does the grace period provided by the Treasury Department’s Office of Foreign Assets Control. “Judging by its specific provisions, the prohibition order primarily targ...
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data released by the Hong Kong Monetary Authority (HKMA) on Monday....
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data released by the Hong Kong Monetary Authority (HKMA) on Monday. The fund still managed to report its fifth consecutive quarterly gain, but it was the smallest gain...
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies. A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according t...
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies. A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider . That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included Cybertrucks, which have reportedly become a significant part of SpaceX’s vehicle fleet. The relationship goes both ways. Insider writes that Tesla also disclosed that it put $2 billion into SpaceX and xAI last year and paid the companies a combined $15 million+ for various commercial and consulting services. Taken together, the filings offer a clearer picture of how frequently Musk’s companies now rely on one another. xAI has been absorbed into SpaceX, engineers from Tesla have previously worked on projects at X, Grok is being built into Tesla products, and Musk has publicly discussed future collaboration between Tesla and SpaceX on the Roadster. Tesla also disclosed last week that Elon Musk’s total 2025 compensation was valued at roughly $158 billion , based on the maximum fair value of stock options tied to his newly approved pay package. The figure immediately caught Wall Street’s attention because of its sheer scale...it’s nearly 40 times Tesla’s annual net income and roughly 1.5 times the company’s total revenue for the year. For investors already uneasy about the growing overlap between Musk’s companies, the compensation number adds another layer of concern around governance and capital allocation. Between massive cross-company transactions, shared talent across SpaceX, xAI, and X, and now an unprecedented pay package, analysts are likely to keep a much closer watch on how Musk’s em...
US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon.“It could be a legit competitor to Amazon."
US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon.“It could be a legit competitor to Amazon."