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00:26
CITIC Securities: US inflation center is expected to rise significantly this year
Considering the rising risk of a prolonged U.S.-Iran conflict, it is expected that the inflation core in the United States will be significantly elevated this year. Caution is advised regarding the risk of oil price increases and inflation pressure, which may lead to an upward risk in U.S. Treasury yields.
00:26
CITIC Securities: Focus on Token factories and computing power leasing-related targets
The three major operators have launched Token packages, bringing standardized Token operations to households everywhere. Token factories and Token operators are driving a revaluation of the industry chain and are promoting a shift in computing power leasing from the current fixed monthly rent based on “bare metal” server rental periods to a model where billing is based on actual Token usage. Leading computing power leasing companies have a distinct competitive advantage. It is recommended to pay attention to related Token factories and computing power leasing targets.
00:26
Huatai Securities: Optimistic About the Coal Sector Benefiting from the Continued Outperformance of Thermal and Non-Thermal Coal Demand
On May 15, the domestic thermal coal price reached 835 yuan/ton. The outlook for coal is not only that the off-season remains stable, but it is also benefiting from sustained above-expectation demand for both thermal and non-thermal coal. By 2026, the price of thermal coal is expected to remain steady at a central value of 850 yuan/ton, and may break through the market-expected peak of 900 yuan/ton during the summer high season.
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