--- title: "#外资研报" topic_id: 82255225884545252 created_at: 2026-06-12T08:20:12.545+0800 source: zsxq type: topic cssclasses: zsxq-vault --- # #外资研报 - 序号：345 - 星球链接：[打开网页](https://wx.zsxq.com/group/15522451881222/topic/82255225884545252) - 附件：图片 0，音频 0，文档 9 - 音频文件：_无音频_ ## 图片 _无图片_ ## 正文 _无正文_ ## 总体总结 _暂无总结_ ## 文档 ### GS-松下控股（6752.T）苏州工厂有望投产MEGTRON覆铜板；28财年AI相关业务利润占比超30%，估值具备吸引力，给予买入评级 Panasonic HD (6752.T)：Potential MEGTRON CCL ramp-up in Suzhou; compelling vs. AI profit weighting of 30%+ in FY3_28E; Buy.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-松下控股（6752.T）苏州工厂有望投产MEGTRON覆铜板；28财年AI相关业务利润占比超30%，估值具备吸引力，给予买入评级 Panasonic HD (6752.T)：Potential MEGTRON CCL ramp-up in Suzhou; compelling vs. AI profit w.pdf|GS-松下控股（6752.T）苏州工厂有望投产MEGTRON覆铜板；28财年AI相关业务利润占比超30%，估值具备吸引力，给予买入评级 Panasonic HD (6752.T)：Potential MEGTRON CCL ramp-up in Suzhou; compelling vs. AI profit weighting of 30%+ in FY3_28E; Buy.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-松下控股（6752.T）苏州工厂有望投产MEGTRON覆铜板；28财年AI相关业务利润占比超30%，估值具备吸引力，给予买入评级 Panasonic HD (6752.T)：Potential MEGTRON CCL ramp-up in Suzhou; compelling vs. AI profit w.pdf|GS-松下控股（6752.T）苏州工厂有望投产MEGTRON覆铜板；28财年AI相关业务利润占比超30%，估值具备吸引力，给予买入评级 Panasonic HD (6752.T)：Potential MEGTRON CCL ramp-up in Suzhou; compelling vs. AI profit weighting of 30%+ in FY3_28E; Buy.pdf]] ### GS-松下控股(6752.T)——投资者日：BBU超级电容HVDC等AI新品具强竞争力，维持买入 Panasonic HD (6752.T) Investor Day New AI products such as BBUs, supercapacitors, and HVDC products highly competitive; Buy.pdf - 状态：failed - 错误：内部错误 - 本地资源：_无本地文件_ ### GS-香港地区房地产行业：评估中国收紧资本管制的影响；分析需求驱动因素、敞口及盈利敏感性.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-香港地区房地产行业：评估中国收紧资本管制的影响；分析需求驱动因素、敞口及盈利敏感性.pdf|GS-香港地区房地产行业：评估中国收紧资本管制的影响；分析需求驱动因素、敞口及盈利敏感性.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-香港地区房地产行业：评估中国收紧资本管制的影响；分析需求驱动因素、敞口及盈利敏感性.pdf|GS-香港地区房地产行业：评估中国收紧资本管制的影响；分析需求驱动因素、敞口及盈利敏感性.pdf]] ### GS-印度CROCDMO行业实地调研前瞻：围绕四大核心维度开展一线调研——印度定制研发与生产服务（CROCDMO）行业正处在重要转型关口？ INDIA CRO_CDMO TOUR PREVIEW Seeking on the ground feedback on 4Cs.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-印度CROCDMO行业实地调研前瞻：围绕四大核心维度开展一线调研——印度定制研发与生产服务（CROCDMO）行业正处在重要转型关口？ INDIA CRO_CDMO TOUR PREVIEW Seeking on the ground feedback on 4Cs.pdf|GS-印度CROCDMO行业实地调研前瞻：围绕四大核心维度开展一线调研——印度定制研发与生产服务（CROCDMO）行业正处在重要转型关口？ INDIA CRO_CDMO TOUR PREVIEW Seeking on the ground feedback on 4Cs.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-印度CROCDMO行业实地调研前瞻：围绕四大核心维度开展一线调研——印度定制研发与生产服务（CROCDMO）行业正处在重要转型关口？ INDIA CRO_CDMO TOUR PREVIEW Seeking on the ground feedback on 4Cs.pdf|GS-印度CROCDMO行业实地调研前瞻：围绕四大核心维度开展一线调研——印度定制研发与生产服务（CROCDMO）行业正处在重要转型关口？ INDIA CRO_CDMO TOUR PREVIEW Seeking on the ground feedback on 4Cs.pdf]] ### GS-中国大宗商品及农业行业——更新盈利预测，下调兖矿能源A股至卖出评级 CHINA BASIC MATERIALS China commodities：Refreshing earnings estimates; Downgrade Yankuang-A to Sell.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-中国大宗商品及农业行业——更新盈利预测，下调兖矿能源A股至卖出评级 CHINA BASIC MATERIALS China commodities：Refreshing earnings estimates; Downgrade Yankuang-A to Sell.pdf|GS-中国大宗商品及农业行业——更新盈利预测，下调兖矿能源A股至卖出评级 CHINA BASIC MATERIALS China commodities：Refreshing earnings estimates; Downgrade Yankuang-A to Sell.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-中国大宗商品及农业行业——更新盈利预测，下调兖矿能源A股至卖出评级 CHINA BASIC MATERIALS China commodities：Refreshing earnings estimates; Downgrade Yankuang-A to Sell.pdf|GS-中国大宗商品及农业行业——更新盈利预测，下调兖矿能源A股至卖出评级 CHINA BASIC MATERIALS China commodities：Refreshing earnings estimates; Downgrade Yankuang-A to Sell.pdf]] ### GS-中国房地产周报——第23周成交环比回落但情绪稳定，公积金优化超预期 CHINA PROPERTY WEEKLY WRAP Week 23 Wrap - Transaction pace retreated sequentially but sentiment stable; HPF optimization broader than initial expectations.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-中国房地产周报——第23周成交环比回落但情绪稳定，公积金优化超预期 CHINA PROPERTY WEEKLY WRAP Week 23 Wrap - Transaction pace retreated sequentially but sentiment stable; HPF optimization.pdf|GS-中国房地产周报——第23周成交环比回落但情绪稳定，公积金优化超预期 CHINA PROPERTY WEEKLY WRAP Week 23 Wrap - Transaction pace retreated sequentially but sentiment stable; HPF optimization broader than initial expectations.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-中国房地产周报——第23周成交环比回落但情绪稳定，公积金优化超预期 CHINA PROPERTY WEEKLY WRAP Week 23 Wrap - Transaction pace retreated sequentially but sentiment stable; HPF optimization.pdf|GS-中国房地产周报——第23周成交环比回落但情绪稳定，公积金优化超预期 CHINA PROPERTY WEEKLY WRAP Week 23 Wrap - Transaction pace retreated sequentially but sentiment stable; HPF optimization broader than initial expectations.pdf]] ### GS-中国互联网：AI与大型股辩论-20260611.pdf - 状态：failed - 错误：内部错误 - 本地资源：_无本地文件_ ### GS-中国互联网与 AI 模型投资指南：核心 AI 与大盘股争议解读及后续投资策略建议 NAVIGATING CHINA INTERNET_AI MODELS Key AI & mega-cap debates; What to do from here.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-中国互联网与 AI 模型投资指南：核心 AI 与大盘股争议解读及后续投资策略建议 NAVIGATING CHINA INTERNET_AI MODELS Key AI & mega-cap debates; What to do from here.pdf|GS-中国互联网与 AI 模型投资指南：核心 AI 与大盘股争议解读及后续投资策略建议 NAVIGATING CHINA INTERNET_AI MODELS Key AI & mega-cap debates; What to do from here.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-中国互联网与 AI 模型投资指南：核心 AI 与大盘股争议解读及后续投资策略建议 NAVIGATING CHINA INTERNET_AI MODELS Key AI & mega-cap debates; What to do from here.pdf|GS-中国互联网与 AI 模型投资指南：核心 AI 与大盘股争议解读及后续投资策略建议 NAVIGATING CHINA INTERNET_AI MODELS Key AI & mega-cap debates; What to do from here.pdf]] ### GS-三七互娱（002555）：主力游戏承压、新品生命周期存疑，短期增长乏力，下调至卖出评级 37 Interactive Entertainment (002555.sz) Near-term muted growth on uncertainty around flagship titles and longevity of new titles; down to Sell relative to coverage.pdf - 状态：downloaded - 错误： - 本地资源：[[assets/docs/260612_0820__外资研报__GS-三七互娱（002555）：主力游戏承压、新品生命周期存疑，短期增长乏力，下调至卖出评级 37 Interactive Entertainment (002555.sz) Near-term muted growth on uncertainty around flagship titles and long.pdf|GS-三七互娱（002555）：主力游戏承压、新品生命周期存疑，短期增长乏力，下调至卖出评级 37 Interactive Entertainment (002555.sz) Near-term muted growth on uncertainty around flagship titles and longevity of new titles; down to Sell relative to coverage.pdf]] #### 预览 [[assets/docs/260612_0820__外资研报__GS-三七互娱（002555）：主力游戏承压、新品生命周期存疑，短期增长乏力，下调至卖出评级 37 Interactive Entertainment (002555.sz) Near-term muted growth on uncertainty around flagship titles and long.pdf|GS-三七互娱（002555）：主力游戏承压、新品生命周期存疑，短期增长乏力，下调至卖出评级 37 Interactive Entertainment (002555.sz) Near-term muted growth on uncertainty around flagship titles and longevity of new titles; down to Sell relative to coverage.pdf]]