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Today's Important News Review | Dolphin Research

0517 Focus of Dolphiner:

🐬 Macro/Industry

1. According to the data from the National Bureau of Statistics, the total retail sales of consumer goods in April increased by 2.3% year-on-year, showing a continued downward trend. Excluding automobiles, the retail sales of consumer goods increased by 3.2% year-on-year in April; the CPI in April rose by 0.3% year-on-year, with an increase of 0.2 percentage points compared to the previous month, slightly higher than expected.

2. The People's Bank of China issued three documents at noon, involving multiple adjustments to the real estate market: the minimum down payment ratio for first-home commercial loans has been adjusted to no less than 15%, and for second-home commercial loans to no less than 25%; the interest rate for individual housing provident fund loans increased by 0.25 percentage points; the policy lower limit for the interest rates of first-home and second-home commercial individual housing loans at the national level has been cancelled. The continuous relaxation of real estate policies has a very obvious effect on driving market transactions, and the real estate sector quickly expanded at the opening in the afternoon.

🐬 Individual Stocks

1. $Alibaba.US

The investment company Scion Asset Management, founded by Michael Burry, the prototype of the main character in the movie "The Big Short" and a legendary hedge fund manager, increased its bet on Alibaba in the first quarter. According to SEC filings, Alibaba has become the second largest holding of Scion Asset Management, with a total value of approximately $9 million. Alibaba opened high today and closed up more than 7%.

2. $Tesla.US

Tesla China announced the launch of a 0 down payment/0 interest promotion for Model 3 and Model Y, with customers able to choose one of the two options. On the same day, Tesla's official website in the United States showed that the price of the Model 3 Performance version in the U.S. market was raised by $1,000 to $54,990. Since the policy announcement in April regarding the adjustment of automobile loan policies, the price war in the automobile market has spread from car prices to car loan products, which is actually an internal competition in the new energy vehicle market. Coupled with the continued decline in Tesla's sales of new energy vehicles announced in April, with poor performance in the Chinese market, Tesla is also urgently seeking a way out, intending to boost sales again.

3. Core Focus on Financial Report Analysis and Conference Calls

JD.com: "Without Buybacks, Is JD.com Still Worth It?" and "JD.com: Continuing to Focus on FMCG and 3P Ecosystem" Baidu: "Baidu: Can the Kingdom of Search be Guarded by AI?" "Baidu: Advertisements under Short-Term Pressure, Search Transformation with AI (1Q24 Conference Call Minutes)"

Tonight, Huazhu Group and Leapmotor will release their financial reports. Dolphin will track and provide interpretation and analysis, stay tuned.

🐬 Leading Sectors

Shanghai and Shenzhen: Real estate services, real estate development, security and alarm services;

Hong Kong Stock Exchange: System software, real estate services, tobacco;

US Stock Market: Textiles, consumer goods retailers, electronic games and multimedia.

🐬 Focus Tomorrow

1. China's one-year loan market quoted interest rate.

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