Today's Important News Review | Dolphin Investment Research

0725 Focus of Dolphin Jun:

🐬 Macro/Industry

1. Today, the People's Bank of China conducted a 200 billion yuan one-year Medium-term Lending Facility (MLF) operation through interest rate bidding, with a winning bid rate of 2.3%, a decrease of 20 basis points from before. Previously, the 7-day reverse repurchase rate and LPR only decreased by 10 basis points, so the 20 basis point reduction in MLF was unexpected, sending a signal of easing.

2. Offshore RMB rose in the afternoon, with the exchange rate against the US dollar rising by over 600 points to 7.2036. On one hand, domestic central bank policies are frequent, and on the other hand, the US index is weakening.

🐬 Individual Stocks

1. XPeng Motors

XPeng Motors will hold an AI autonomous driving technology release event at 19:30 on July 30. The XPeng XNGP is about to receive the largest update in history, and the XPeng AI Tianji XOS 5.2.0 will also see a breakthrough.

2. $Tencent Music(TME.US)

Tencent Music officially enters the short drama business, launching the first independent short drama app "Our Short Drama". Currently, the short dramas in the app are all free content, but they adopt an advertising model similar to online literature platforms: when switching to the next episode, there will be interspersed ads. The competition in the short drama track is fierce, with ByteDance's short drama product Hongguo Short Drama surpassing 20 million daily active users, aiming for 100 million by the end of the year; Pinduoduo, Kuaishou, and others are also intensifying efforts to compete in the market. It may not be easy to get a share in the free short drama track.

3. $AMD(AMD.US)

During the final inspection process, it was found that the initial batch of Ryzen 9000 series processors did not meet the "full quality expectations", so the decision was made to postpone the launch date. All products previously shipped to global retailers and OEMs have been recalled. The first batch of AI PC devices equipped with AMD Ryzen AI 300 series mobile processors and Ryzen 9000 series desktop processors was originally scheduled to be launched at the end of this month, targeting the AI PC market. The market expectations are high, and the delay may bring some negative impact.

🐬 Leading Sectors

SH & SZ: Highway Passenger Transport, Automobile Retailers, Trading and Payment Services;

HK: Household Appliances, Leisure Products such as Sports Equipment, Residential Construction Companies;

US: Life Science Tools and Services, Various Utilities, Medical Institutions

🐬 Focus Tomorrow

1. US Personal Spending MoM, US Core PCE Price Index MoM, US Core PCE Price Index YoY, US One-Year Inflation Expectation.

2. CATL will release its financial report, and Dolphin will track and provide analysis.

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