I'm PortAI, I can summarize articles.

Today's Key News Review | Dolphin Research

0131 Dolphin Analyst Focus:

🐬 Macro/Industry

1. China's official manufacturing PMI for January was 50.1, up 3.1 percentage points from the previous month, rising above the critical threshold, and the level of manufacturing prosperity has rebounded significantly. The unofficial manufacturing PMI for January was 54.4, up 12.8 percentage points from the previous month, above the critical point, and the non-manufacturing sector's prosperity level has rebounded from the bottom.

2. Li Jiachao said today that Hong Kong and the mainland will soon achieve full clearance. As early as December 24, the central government agreed to gradually and orderly achieve full clearance between Hong Kong and the mainland, and relevant departments have since urgently implemented relevant matters, expecting good news to be announced soon.

3. Today, the net inflow of northbound funds exceeded 10 billion yuan for the fifth time this month, a historical first; in January, the cumulative increase was 141.2 billion yuan in only 16 trading days, and the net purchase amount for a single month reached a new high since the opening of the mainland stock market. However, the firm purchase of northbound funds does not seem to have brought enough confidence to the market. A shares were weak and volatile all day today, with the afternoon drop expanding at one point, and the semiconductor continued its slump from yesterday, still a heavily hit sector.

🐬Individual Stock

1. BYD Co., HK

BYD posted its 2022 performance forecast, with last year's revenue exceeding RMB 420 billion, and net profit increasing more than four times to at least RMB 16 billion. In the face of complex external conditions and unexpected factors, the company still achieved year-on-year growth in sales and performance, and its performance was higher than the general expectations of institutions. BYD opened up more than 3% in the morning. For BYD, the large increase in sales effectively promoted the significant improvement in profitability, easing the cost pressure of rising upstream raw materials prices. Focus will continue on its new product releases, progress in entering high-end markets, and expanding overseas markets in 2023.

2. XPeng Inc., W.HK

XPeng Inc. welcomes the buzz caused by "Iron Lady": Ms. Wang Fengying, the former second-in-command of Great Wall Motors, has officially joined as CEO, and will be fully responsible for the company's product planning, product matrix, and sales system. He Xiaopeng, the former chairman of XPeng, is a typical "tech-centric" figure, while Wang Fengying has extensive experience in marketing and can help the company quickly sort out its strategies in market sales and other aspects, forming a clear division of labor and effective complementarity at the company's senior level. The delivery growth rate of XPeng in 2022 ranked bottom out of the "Five Tigers" of emerging forces. Wang Fengying, the "sales master", undoubtedly brings great expectations.

🐬 Leading Sectors

Shanghai and Shenzhen: Education, Breeding Industry, and Ground Armament II;

Hong Kong: Supermarkets and Convenience Stores, Fertilizers and Agricultural Chemicals, and Other Support Services;

U.S. Stocks: Empty Shell Companies, Power Coal, and Paper and Paper Products.

🐬 Tomorrow's Focus

1. China's Caixin manufacturing PMI;

2. US Markit Manufacturing PMI Final Value, US ISM Manufacturing PMI; 3. Snap, the American Super Micro Company, and others released their financial reports.

⚠️ In the previous section, Dolphin Analyst's research coverage companies are marked in red. You can search for "海豚投研" on the Longbridge App (click here to download), enter the homepage, and search for the corresponding company name to get the complete research collection of the company (including the company's previous performance meeting summaries).

Risk disclosure and statement of this article: Dolphin Analyst Disclaimer and General Disclosure

The copyright of this article belongs to the original author/organization.

The current content only represents the author's point of view, and has nothing to do with the position of LongPort. The content is for investment reference only and does not constitute any investment advice. If you have any questions or suggestions about the content services provided by LongPort, please contact us.

Like