{"id":31151,"date":"2023-07-14T23:56:00","date_gmt":"2023-07-14T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=31151"},"modified":"2024-07-12T10:41:17","modified_gmt":"2024-07-12T02:41:17","slug":"%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/","title":{"rendered":"\u6295\u8cc7\u53cd\u6557\u70ba\u52dd\u7684\u8f49\u6a5f\u80a1\u5f88\u56f0\u96e3"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E4%BB%80%E9%BA%BC%E6%98%AF%E8%BD%89%E6%A9%9F%E8%82%A1%EF%BC%9F\" >\u4ec0\u9ebc\u662f\u8f49\u6a5f\u80a1\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E6%88%91%E7%9A%84%E6%9B%B8%E4%B8%AD%E6%9C%89%E9%97%9C%E8%BD%89%E6%A9%9F%E8%82%A1%E7%9A%84%E5%85%A7%E5%AE%B9\" >\u6211\u7684\u66f8\u4e2d\u6709\u95dc\u8f49\u6a5f\u80a1\u7684\u5167\u5bb9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E7%8F%BE%E5%AF%A6%E7%9A%84%E4%B8%96%E7%95%8C%E5%A6%82%E4%BD%95%EF%BC%9F\" >\u73fe\u5be6\u7684\u4e16\u754c\u5982\u4f55\uff1f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E6%8A%95%E8%B3%87%E5%A4%A7%E5%B8%AB%E5%80%91%E7%9A%84%E7%9C%8B%E6%B3%95\" >\u6295\u8cc7\u5927\u5e2b\u5011\u7684\u770b\u6cd5<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E5%BD%BC%E5%BE%97%EF%BC%8E%E6%9E%97%E5%8D%80%E5%B0%8D%E4%BC%81%E6%A5%AD%E7%9A%84%E5%88%86%E9%A1%9E%E6%B3%95\" >\u5f7c\u5f97\uff0e\u6797\u5340\u5c0d\u4f01\u696d\u7684\u5206\u985e\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%A1%80%E6%B7%9A%E6%95%99%E8%A8%93\" >\u5df4\u83f2\u7279\u7684\u8840\u6dda\u6559\u8a13<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E6%98%93%E8%90%BD%E5%85%A5%E5%83%B9%E5%80%BC%E9%99%B7%E4%BA%95\" >\u6613\u843d\u5165\u50f9\u503c\u9677\u4e95<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E7%B5%90%E8%AA%9E\" >\u7d50\u8a9e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E9%BA%BC%E6%98%AF%E8%BD%89%E6%A9%9F%E8%82%A1%EF%BC%9F\"><\/span>\u4ec0\u9ebc\u662f\u8f49\u6a5f\u80a1\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%88%91%E7%9A%84%E6%9B%B8%E4%B8%AD%E6%9C%89%E9%97%9C%E8%BD%89%E6%A9%9F%E8%82%A1%E7%9A%84%E5%85%A7%E5%AE%B9\"><\/span>\u6211\u7684\u66f8\u4e2d\u6709\u95dc\u8f49\u6a5f\u80a1\u7684\u5167\u5bb9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6211\u5728\u300a<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">\u8d85\u7d1a\u6210\u9577\u80a1\u6295\u8cc7\u6cd5\u5247<\/a>\u300b\u9019\u672c\u66f8\u88e1\uff0c\u8a0e\u8ad6\u904e\u8f49\u6a5f\u80a1\u4f01\u696d\u7684\u6295\u8cc7\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3-1\u7bc0\uff0c\u7b2c149\u9801\uff0c\u95dc\u65bc\u9078\u80a1\u524d\u5148\u907f\u958b6\u7a2e\u7522\u696d\u7684\u8a0e\u8ad6<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%8F%BE%E5%AF%A6%E7%9A%84%E4%B8%96%E7%95%8C%E5%A6%82%E4%BD%95%EF%BC%9F\"><\/span>\u73fe\u5be6\u7684\u4e16\u754c\u5982\u4f55\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u524d\u666f\u4e0d\u4f73\u7684\u58de\u516c\u53f8\u5f80\u5f80\u53ea\u6703\u66f4\u58de\uff0c\u4f8b\u5982\u4e3b\u8981\u7522\u54c1\u5df2\u5e7e\u4e4e\u8981\u88ab\u5e02\u5834\u6dd8\u6c70\u8005\uff0c\u6216\u662f\u7522\u54c1\u5df2\u7d93\u9032\u5165\u7af6\u722d\u6fc0\u70c8\u7684\u7d05\u6d77\uff0c\u4f46\u516c\u53f8\u4e26\u4e0d\u7a81\u51fa\uff0c\u53ef\u9810\u898b\u751f\u610f\u5c07\u6703\u6108\u4f86\u6108\u840e\u7e2e\u8005\u3002\u5f88\u5c11\u6709\u524d\u666f\u4e0d\u4f73\u7684\u516c\u53f8\u80fd\u6539\u9020\u6210\u529f\u6216\u8d77\u6b7b\u56de\u751f\u7684\uff0c\u6975\u5c11\u6578\u8d77\u6b7b\u56de\u751f\u6210\u529f\u7684\u6848\u4f8b\u7684\u90fd\u5df2\u7d93\u88ab\u6539\u62cd\u6210\u96fb\u5f71\u4e86\uff08\u6b63\u56e0\u5f88\u7f55\u898b\uff0c\u62cd\u6210\u96fb\u5f71\u624d\u6703\u5438\u5f15\u89c0\u773e\u554a\uff09\u3002<\/p>\n\n\n\n<p>\u4f8b\u5982\u5546\u5b78\u9662\u5b78\u751f\u8033\u719f\u80fd\u8a73\u7684\u514b\u840a\u65af\u52d2\u6c7d\u8eca\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aSTLA\uff09\u53cd\u6557\u70ba\u52dd\u7684\u7d93\u5178\u6848\u4f8b\u3002\u6545\u4e8b\u5f88\u8ff7\u4eba\uff0c\u5f88\u5f15\u4eba\u5165\u52dd\u548c\u6fc0\u52d5\u4eba\u5fc3\u3002\u4f46\u73fe\u5be6\u5f88\u6b98\u9177\uff0c\u6210\u529f\u7684\u6a5f\u7387\u5176\u5be6\u975e\u5e38\u4f4e\u3002\u4e00\u5982\u6211\u5728\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/31\/%E5%9F%B7%E8%A1%8C%E9%95%B7%E5%9B%9E%E4%BB%BB%E4%BC%81%E6%A5%AD%E7%9A%84%E5%84%AA%E5%8A%A3\/\">\u57f7\u884c\u9577\u56de\u4efb\u4f01\u696d\u7684\u512a\u52a3<\/a>\u300b\u88e1\u6240\u63d0\u904e\u7684\uff1a\u5e73\u5747\u800c\u8a00\uff0c\u57f7\u884c\u9577\u56de\u4efb\u7684\u4f01\u696d\u7684\u5e74\u5ea6\u80a1\u7968\u8868\u73fe\u8f03\u5dee\u2500\u2500\u2500\u4f4e\u65bc 10.1%\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E5%A4%A7%E5%B8%AB%E5%80%91%E7%9A%84%E7%9C%8B%E6%B3%95\"><\/span>\u6295\u8cc7\u5927\u5e2b\u5011\u7684\u770b\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%BD%BC%E5%BE%97%EF%BC%8E%E6%9E%97%E5%8D%80%E5%B0%8D%E4%BC%81%E6%A5%AD%E7%9A%84%E5%88%86%E9%A1%9E%E6%B3%95\"><\/span>\u5f7c\u5f97\uff0e\u6797\u5340\u5c0d\u4f01\u696d\u7684\u5206\u985e\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5f7c\u5f97\uff0e\u6797\u5340\u8a8d\u70ba\uff0c\u6bcf\u96bb\u80a1\u7968\u90fd\u6709\u4e0d\u540c\u7684\u6545\u4e8b\uff0c\u6bcf\u5bb6\u516c\u53f8\u7684\u7279\u6027\u4e5f\u4e0d\u76f8\u540c\u3002\u70ba\u4e86\u5728\u6295\u8cc7\u4e4b\u524d\u66f4\u597d\u5730\u7814\u7a76\uff0c\u4ed6\u628a\u4f01\u696d\u5206\u6210\u4e86\u516d\u7a2e\u985e\u578b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7de9\u6162\u589e\u9577\uff08slow growers\uff09<\/li>\n\n\n\n<li>\u7a69\u5065\uff08stalwarts\uff09<\/li>\n\n\n\n<li>\u5feb\u901f\u589e\u9577\uff08fast growers\uff09<\/li>\n\n\n\n<li>\u666f\u6c23\u5faa\u74b0\uff08cyclicals\uff09<\/li>\n\n\n\n<li>\u8cc7\u7522\u6a5f\u6703\uff08asset opportunities\uff09<\/li>\n\n\n\n<li>\u89e6\u5e95\u53cd\u5f48\u7684\u8f49\u6a5f\uff08turnarounds\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u5176\u4e2d\u7684\u89f8\u5e95\u53cd\u5f48\u8f49\u6a5f\u80a1\uff0c\u6307\u7684\u662f\u906d\u53d7\u91cd\u5275\u6216\u8005\u7d93\u6b77\u856d\u689d\u7684\u4f01\u696d\u53f8\u56de\u5230\u6b63\u8ecc\uff0c\u80a1\u7968\u4e5f\u8fc5\u901f\u56de\u5347\u3002\u96d6\u7136\u6295\u8cc7\u8005\u71b1\u8877\u65bc\u4f4e\u8cb7\u9ad8\u8ce3\u7684\u5b8c\u7f8e\u64cd\u4f5c\uff0c\u4f46\u662f\u5728\u8f49\u5411\u76c8\u5229\u4e4b\u524d\u5c31\u80fd\u8cb7\u5165\u4e26\u4e14\u6301\u6709\u4e00\u5bb6\u8667\u640d\u7684\u516c\u53f8\uff0c\u4e26\u4e0d\u662f\u4e00\u4ef6\u5bb9\u6613\u7684\u4e8b\u60c5\u3002<\/p>\n\n\n\n<p>\u5f7c\u5f97\uff0e\u6797\u5340\u5c0d\u4f01\u696d\u7684\u9019\u4e9b\u5206\u985e\u6cd5\uff0c\u4ed6\u505a\u904e\u89e3\u91cb\uff1a\u5e0c\u671b\u6295\u8cc7\u4eba\u8981\u6e05\u695a\u5730\u66b8\u89e3\u81ea\u5df1\u6295\u8cc7\u7684\u662f\u5c6c\u65bc\u90a3\u4e00\u985e\u7684\u80a1\u7968\u3002\u6bcf\u4e00\u985e\u80a1\u7968\u90fd\u6703\u4f34\u96a8\u5176\u7279\u6709\u7684\u98a8\u96aa\u548c\u5831\u916c\uff0c\u9019\u9ede\u6295\u8cc7\u4eba\u8981\u4e00\u4f75\u5217\u5165\u8003\u91cf\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B7%B4%E8%8F%B2%E7%89%B9%E7%9A%84%E8%A1%80%E6%B7%9A%E6%95%99%E8%A8%93\"><\/span>\u5df4\u83f2\u7279\u7684\u8840\u6dda\u6559\u8a13<span 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class=\"wp-image-31178\"\/><figcaption class=\"wp-element-caption\">dreamstime.com<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/14\/%e6%8a%95%e8%b3%87%e5%8f%8d%e6%95%97%e7%82%ba%e5%8b%9d%e7%9a%84%e8%bd%89%e6%a9%9f%e8%82%a1%e5%be%88%e5%9b%b0%e9%9b%a3\/\">\u6295\u8cc7\u53cd\u6557\u70ba\u52dd\u7684\u8f49\u6a5f\u80a1\u5f88\u56f0\u96e3<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/04\/22\/%E8%B6%85%E5%BE%AE%EF%BC%88amd%EF%BC%89-%E4%BC%81%E6%A5%AD%E5%8F%B2%E4%B8%8A%E7%BD%95%E8%A6%8B%E7%9A%84%E5%8F%8D%E6%95%97%E7%82%BA%E5%8B%9D%E6%A1%88%E4%BE%8B\/\" target=\"_blank\" rel=\"noreferrer 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