Today's Important News Review | Dolphin Investment Research
1017 Dolphin's Focus:
🐬 Macro/Industry
1. The State Council Information Office held a press conference at 10 a.m. today. The conference summarized the real estate policy "combination boxing", proposed effective implementation of existing policies, intensified the introduction of new policies, issued and utilized ultra-long-term special national bonds and local government special bonds, promoted the stabilization of the real estate market, increased the lending efforts for "white-listed" projects, supported the revitalization of idle land, and boosted the capital market. The real estate sector surged yesterday as expected, but today's policy implementation did not contain any significantly unexpected content, resulting in a general decline today.
🐬 Individual Stocks
1. $Taiwan Semiconductor(TSM.US)
After ASML's setback, TSMC's financial report was overall good, benefiting from the demand driven by new Apple products and AI. The 3nm production capacity continues to increase, and the company's revenue and gross margin for this quarter were better than market expectations. What's even more surprising is that the revenue and gross margin in the next quarter guidance significantly exceed market expectations. Following the financial report release, TSMC continued to rise, leading to an overall increase in the US semiconductor night market. Dolphin will provide a detailed analysis tonight, stay tuned.
2. $Intel(INTC.US)
Last night, the China Cybersecurity Association released an article titled "Frequent Vulnerabilities, High Failure Rates - Systematic Inspection Needed for Intel Product Network Security Risks", suggesting a network security review for Intel's products sold in China. Intel fell in response, while A-share related network security concepts gained momentum, with digital security concept stocks collectively rising. In response to this article, Intel stated today that they "always prioritize product safety and quality".
3. Dolphin Focus on Financial Reports and Conference Calls:
ASML: "ASML: 'Broken Bone' Embarrassment, Becoming the First Killer of AI?", "ASML: Mainland China Business Will Decline to Around 20% (FY24Q3 Conference Call Summary)"
🐬 Leading Sectors
Shanghai and Shenzhen: Data processing and outsourcing services, highway passenger transportation, consumer electronics;
Hong Kong: Data processing and outsourcing services, distributors, professional consumer services;
US Stock Market: Coal and consumable fuels, drug retailers, independent power and renewable energy electricity producers.
🐬 Focus Tomorrow
1. Year-on-year total retail sales of consumer goods in China, year-on-year increase in value added of industrial enterprises above designated size in China, China's GDP growth rate;
2. Netflix will release its financial report, and Dolphin will track and provide interpretation and analysis.
Risk disclosure and statement in this article: Dolphin Research Disclaimer and General Disclosure