{"id":20744,"date":"2025-11-26T09:31:37","date_gmt":"2025-11-26T01:31:37","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=20744"},"modified":"2025-11-26T09:41:28","modified_gmt":"2025-11-26T01:41:28","slug":"morning-brief-2025-11-26","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-11-26\/","title":{"rendered":"Morning Brief 2025-11-26"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20744\" class=\"elementor elementor-20744\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4025ec7 e-con-full e-flex e-con e-parent\" data-id=\"4025ec7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-945fb5f elementor-widget elementor-widget-text-editor\" data-id=\"945fb5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div data-ogsc=\"\"><div data-ogsc=\"\"><p><strong>Industrial Economy<\/strong><\/p><p>*Singapore\u2019s National AI Strategy (AISG) has abandoned the Meta model and shifted to Alibaba\u2019s open-source Qwen architecture.<\/p><p>*National Space Administration issued a notice on the \u201cAction Plan for Promoting High-Quality and Safe Development of the Commercial Space Industry (2025-2027)\u201d.<\/p><p><strong>Co Focus<\/strong><\/p><p>*Alibaba announced its financial results for the second quarter of fiscal year 2026, reporting revenue of 247.8 billion yuan ($34.3 billion), up 4.8% y\/y. The company\u2019s two core growth engines, \u201cAI + Cloud\u201d and consumer businesses, continued to deliver strong performance this quarter.<\/p><p>*NIO released its Q3 2025 financial results, with Q4 revenue guidance projecting an increase of 66% to 73% y\/y, reaching a record high.<\/p><p><strong>Nov 25 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Huafeng Test&amp;Control (688200 CH) saw 12 block trades worth 203.78mn at 150.39yuan per share, 8.94pct discount from last closing.<\/p><p>-Cisen Pharma (603367 CH) saw 17 block trades worth 63.40mn at 16.84yuan per share, 10.81pct discount from last closing.<\/p><p>-YTO Express (600233 CH) saw 14 block trades worth 73.75mn at 16.19yuan per share, 5.98pct discount from last closing.<\/p><p>-Jiayuan Sci&amp;Tech (301117 CH) saw 5 block trades worth 69.22mn at 38.00yuan per share, 21.11pct discount from last closing.<\/p><\/div><\/div><p>For more insights, please visit Orient Futures Singapore\u2019s research platform,\u00a0<a href=\"http:\/\/www.finoview.com.sg\/\">\u7e41\u5fae<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2604ec3 elementor-widget elementor-widget-button\" data-id=\"2604ec3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/11\/Morning-Brief-2025-11-26.pdf\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>Singapore\u2019s National AI Strategy (AISG) has abandoned the Meta model and shifted to Alibaba\u2019s open-source Qwen architecture.<\/p>","protected":false},"author":7,"featured_media":20746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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