1023 Dolphin's Focus :
🐬 Macro/Industry
1. According to the official website of the United States government, the U.S. Department of Commerce initiated a review of changes in circumstances (CCR) starting from October 21, considering the partial revocation of anti-dumping duties and countervailing duties (AD/CVD) on Chinese crystalline silicon photovoltaic cells, involving certain small, low-wattage, off-grid crystalline silicon photovoltaic (CSPV) cells. Additionally, there were market rumors this morning that the photovoltaic industry will face restrictions on energy consumption by the Ministry of Industry and Information Technology next month, such as the energy consumption of silicon material production not exceeding 50 kWh per kilogram, leading to positive sentiment spreading. Coupled with recent emphasis on the healthy development of the photovoltaic industry domestically to avoid vicious competition, along with multiple positive news, the photovoltaic sector has seen a retaliatory increase.
🐬 Individual Stocks
1. $Qualcomm(QCOM.US)
ARM announced its intention to cancel the license agreement that allows its long-term partner Qualcomm to use Arm's intellectual property to design chips, setting an eight-week deadline to resolve the dispute. Qualcomm and its customers heavily rely on Arm's instruction set, with Qualcomm being ARM's second-largest customer. If this technical license agreement is indeed canceled, Qualcomm will have to stop selling most of its products that account for approximately $39 billion in revenue, or face substantial loss claims. For Arm, breaking ties with its second-largest customer would also be a significant blow. The escalation of the conflict between these two giants could have a major impact on the smartphone and personal computer markets.
2. $POP MART(09992.HK)
After the market closed on Tuesday, POP MART released its overall revenue for the third quarter of 2024, showing strong growth momentum far exceeding expectations. Overall revenue is expected to increase by 120%-125% year-on-year compared to the third quarter of 2023, with revenue from mainland China increasing by 55%-60% year-on-year. The most impressive performance comes from overseas expansion, with revenue from Hong Kong, Macau, Taiwan, and overseas markets increasing significantly by 440%-445% year-on-year. POP MART surged over 20% in early trading today, reaching a new high since August 2021.
3. $LI AUTO-W(02015.HK) Ideal Motors announced that Ideal Intelligent Driving "end-to-end + VLM" will be fully pushed with OTA 6.4, covering AD Max platform models of MEGA/L9/L8/L7/L6. Ideal end-to-end + VLM is a new generation intelligent driving solution, a true end-to-end structure of One-Model, and the first to deploy the Visual Language Model VLM to the on-board chip dual-system solution. This move will accelerate the development of Ideal Motors in the field of intelligent driving.
- $MEITUAN(03690.HK)
Meituan's drone Futian Port route officially launched, the first regular drone delivery route set in the port area in China. Mainly targeting residents traveling between Hong Kong and Shenzhen, residents near the port can order takeout or enjoy "airdrop" services. Orders can be picked up at the designated landing point in as fast as 10 minutes. This is not Meituan's first drone route, as drones and unmanned vehicles are rapidly developing.
5. Today, New Oriental, Hong Kong Exchanges and Clearing, and Gore announced their financial reports, and Dolphin will track and provide interpretation and analysis.
🐬 Leading Sectors
SH/SZ: Diversified capital markets, residential construction companies, furniture/home/decor materials retailers;
HK: Professional consumer services, semiconductor materials and equipment, jewelry/toy/stationery retailers;
US: Tobacco, shipping ports-operators, silver.
🐬 Focus Tomorrow
1. Tesla will release its financial report, and Dolphin will track and provide interpretation and analysis;
2. US Markit Manufacturing PMI Flash, US Markit Services PMI Flash.
Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure