Today's Important News Review | Dolphin Investment Research

1016 Dolphin's Focus:

🐬 Macro/Industry

1. Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, delivered the "Policy Address for 2024" today. She proposed a series of measures to support the internationalization of the Renminbi in Hong Kong, further optimize the securities market by introducing initiatives such as attracting new overseas funds, seeking enterprise listings, streamlining listing approvals, and enhancing market efficiency.

🐬 Stocks

1. $ASML(ASML.US)

Due to technical malfunctions, ASML's financial report was leaked early on the website, leading to poor performance directly impacting the semiconductor industry: although revenue exceeded expectations, orders were only half of the market's expectations, while next year's sales targets and gross margin guidance were lowered. Dolphin has already issued a detailed analysis in the morning: the significant decline in backlog orders is mainly due to factors such as restricted exports, Intel, and the storage industry. In the short term, this will directly affect market confidence in the AI and semiconductor-related supply chains, as well as raise concerns about capital expenditures in TSMC's upcoming financial report.

2. $CTG DUTY-FREE(01880.HK)

China Duty-Free released its third-quarter performance report last night, with all indicators weakening: Q3 revenue was 11.756 billion yuan, a year-on-year decrease of 22%; net profit attributable to shareholders was 638 million yuan, a 52% year-on-year decline. Preliminary observations indicate that performance is still in a comprehensive downward trend, with China Duty-Free falling more than 5% today.

🐬 Top Performing Sectors

SH/SZ: Real estate services, real estate development, real estate management companies;

HK: Consumer goods retailers, real estate development, steel;

US: Drug retailers, commercial and residential mortgage financing, medical product distributors.

🐬 Focus Tomorrow

1. On the morning of October 17th at 10:00, the State Council Information Office will hold a press conference on promoting the stable and healthy development of the real estate market.

2. US retail sales month-on-month, US industrial production month-on-month, US business inventories month-on-month;

3. TSMC will announce its financial report tomorrow night, and Dolphin will track and provide analysis.

Risk disclosure and statement for this article: Dolphin Research Disclaimer and General Disclosure