Today's Important News Review | Dolphin Research
0326 Dolphin Focus:
🐬 Macro/Industry
1. The European Commission announced on its official website that it will investigate Google, Apple, and Meta, marking the first "strike" since the comprehensive implementation of the Digital Markets Act (DMA). The EU aims to complete the investigation within a year, with violations potentially leading to fines of up to 10% of annual turnover.
🐬 Individual Stocks
1. $ TENCENT.HK
Tencent Cloud has announced a partnership with the developer of the game "Palworld," Pocketpair. Tencent Cloud has officially become the exclusive designated partner for the multiplayer game servers of "Palworld." "Palworld" was one of the most discussed games earlier this year, with sales exceeding 2 million copies within 24 hours of its launch on the gaming platform Steam. In less than a week, the online player count of "Palworld" reached 1.85 million, surpassing "CS 2" and becoming the second highest peak player count game in Steam's history. The surge in traffic has triggered a round of competition among cloud service providers such as Tencent Cloud and Alibaba Cloud, with Tencent Cloud taking the lead.
2. ByteDance
After significantly scaling back its gaming and VR businesses last year, ByteDance has set its sights on its enterprise service brand, Feishu. An internal announcement from Feishu today stated that the team size will be appropriately streamlined. This is the first time Feishu has publicly announced layoffs. Despite Feishu's software subscription revenue exceeding $200 million in 2023, there is still a distance to go before turning a profit.
3. $ ANTA SPORTS.HK
ANTA Sports released its 2023 annual performance report today. In 2023, ANTA's revenue was 62.356 billion RMB, a year-on-year increase of 16.2%, reaching a historical high. Net profit was 10.945 billion RMB, a year-on-year increase of 44.9%, including a net profit of 10.236 billion RMB from share of profits of associates, a 34.9% increase year-on-year. ANTA closed up 3.15% today.
3. Core Focus on Financial Report Analysis and Conference Calls
Didi: "The True Colors of the Root Cause Revealed, Can the 'Elderly' Didi Just 'Survive'?"
Leapmotor: "Continuous Increase in Gross Margin, Can Leapmotor Lead the Way in Overseas Expansion?", "[Annual Gross Margin Continues to Maintain 5%-10% (Leapmotor 23 Q4 Conference Call Minutes)]"](https://longportapp.cn/zh-CN/topics/20142687)》
BYD will release its financial report tonight, and Dolphin will provide analysis and interpretation. Stay tuned.
🐬 Leading Sectors
Shanghai and Shenzhen: Consumer goods retailers, security and alarm services, real estate services;
Hong Kong: Petroleum and natural gas refining and sales, reinsurance, kitchenware;
US Stock: Aluminum, oil and gas exploration and production, computer and electronic product retailers;
🐬 Focus Tomorrow
1. China Duty Free and GoerTek will release their financial reports, and Dolphin will provide analysis and interpretation. Stay tuned.
Risk disclosure and statement for this article: Dolphin Research Disclaimer and General Disclosure