Saved research snapshotRefreshing live research已保存研报快照正在刷新实时研报

The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Showing the latest saved institutional reports.Refreshing the latest institutional reports. New buy-side and sell-side desk reports land here hourly — read the ones that touch what you hold. 正在显示最近保存的机构研报。正在刷新最新机构研报。买方与卖方研究每小时更新至此 —— 挑与你持仓相关的读。

The research the desks write for their clients — now on yours. 机构写给客户的研报 —— 现在也在你手中。
164
New this week本周新增
33
Desks publishing在发机构
agriculture
Most-covered theme覆盖最多主题
2942
In the vault库内总量
— unread未读
Institution机构
Desk type机构类型
Theme主题
Showing显示 — of/ — reports篇
Refreshing the latest reports…正在刷新最新研报…
Goldman SachsSell-side卖方

Rio Tinto Ltd. (RIO)

  • Copper Production & Guidance: In-line Q3 copper (205kt) driven by Oyu Tolgoi (+27% YoY), 2026 guidance maintained (800-870kt, $30-50/lb C1), critical for growth thesis and EBITDA +30% to 2030.
  • Iron Ore Stockpile Gap: 7.9Mt stockpiles with 75-90 day mine-to-sale cycle (vs 2.5Mt Simandou production), creating material supply-demand imbalance and port capacity risk for 2027-2028.
  • Lithium Production Miss: Q3 LCE production 24% below consensus (13k vs 17k), slower Sal de Vida ramp-up, directly threatening battery materials growth guidance (61-64kt full-year).
  • Strategic Capital Allocation: $2bn YTD capital release ($5bn target by 2026), $5-10bn non-core divestments to de-leverage, 50% higher copper exploration spend ($692mn YTD) for future flows.
Oct 15, 2026 · 04:15 UTC
VontobelSell-side卖方

VON32629798

  • GIVAUDAN Earnings & Target Revision: Confirms 13.5% fragrance growth (perfumery at 30%+), raises FY26 org.
  • growth estimate to 5.9% (from 4.4%), new PT CHF 4,500 (from CHF 4,100) driven by resilient model and US tariff refunds.
  • GALDERMA ZO Acquisition: $1.5bn deal (4.5x EV/sales) to expand physician-dispensed skincare, strategically aligns with industry M&A averages (3.6x), EPS neutral Year 1, closes Q4 2026.
  • LONZA FY26 Outlook Upgrade: Confirms 11-12% sales growth (VTE 11.2%), CORE EBITDA margin 33-34% (VTE 33.7%); mid-term outlook upgraded with low-teens organic growth and margin expansion to 37-39% by 2030.
Oct 15, 2026 · 01:46 UTC
Institutional desk机构研究台Independent独立

BNZ Markets Today

  • Geopolitical Oil Shock: Middle East tensions (Houthi attacks, Strait of Hormuz) driving oil prices to ~$106, critical risk for energy markets and global trade flows.
  • US CPI Data Catalyst: Core CPI +0.2% m/m as key data point; potential to moderate Fed policy but risk of surprise rate hike pricing impacting rates and equities.
  • NZD Structural Weakness: Sustained 12-month depreciation (NZD/USD: 0.62→0.54; NZD/AUD: 0.88→0.76) confirmed by forward points, with rising swap yields (3mth: 4.85) increasing carry trade risks.
Oct 15, 2026 · 01:18 UTC

2939 more institutional reports还有 2939 篇机构研报

You’re previewing the latest three summaries. Upgrade to Pro to open every desk and read the full PDFs.你正在预览最新三篇摘要。升级 Pro 即可查看全部机构研报并阅读 PDF 全文。

Upgrade to Pro升级 Pro

Not investment advice. The Research Vault hosts third-party institutional research for reference and education. Highlighted reports are chosen for the quality of their argument, not as recommendations to buy or sell. Documents are provided by their authors; ratings and views are the authors', not ours. Access is metered and every download is watermarked — not for redistribution. 非投资建议。研报库仅收录第三方机构研究，供参考与学习之用。精选报告因其论证质量入选，并非买卖建议。文档由作者提供，其中评级与观点均属作者本人，与本平台无关。访问受配额限制，下载均加水印 —— 不得转发。

Unlock the full research archive with Pro升级 Pro 解锁完整研报库 →