Today's Key News Review | Dolphin Research
0525 Dolphin Analyst Focus:
🐬 Individual Stocks
1. $ XIAOMI-W.HK
The revenue and gross profit margin for this quarter have both met expectations, and the unexpected reduction in operating expenses has directly reflected in profits. Ultimately, the company's profits slightly exceeded market expectations. The biggest highlight is the significant reduction in inventory, which has achieved obvious results in de-stocking. Looking at Xiaomi's financial report data alone, it is neutral preference. However, the loss of market share in the first quarter will also constrain the company's stock price to a certain extent. For detailed interpretation and telephone conference minutes, please see "Reducing Inventory and Losing Market Share, Where Will Xiaomi Go?" and "Investing in Chips is a Long-term Strategy that Xiaomi Must Do (Xiaomi 23Q1 Telephone Conference Minutes)".
2. $ NVIDIA.US
NVIDIA's Q1 performance greatly exceeded expectations, and the overnight US stock market triggered a frenzy in the AI sector, with a nearly 25% increase after-hours. Revenue significantly exceeded market expectations, and gross profit margin also reached the upper limit of guidance. In addition, with a decrease in inventory of $550 million, NVIDIA has shown that it has emerged from the trough. What's even more explosive is the company's guidance. NVIDIA has given guidance of $11 billion in revenue and 68.6% gross profit margin for the next quarter, both of which will be the company's historical highs. Strong guidance demonstrates the strong demand for current AI and large models. NVIDIA has the world's strongest computing power and is particularly benefited in the AI wave. For detailed financial report interpretation and telephone conference minutes, please see "Explosive NVIDIA: AI New Era, Future Has Come" and "Emerging from the Trough, Embracing the AI Era (NVIDIA FY24Q1 Telephone Conference)". After yesterday's big rise, it continued to rise by 22% before the market opened today.
3. $ NIO-SW.HK The all-new ES6 has officially launched, with two models priced at 368,000 and 426,000 yuan respectively, higher than market expectations. The capital market seems to have a pessimistic reaction to NIO's new car, which fell 9.34% today. For NIO, after facing the challenge of continuous sales decline in the past two months, it urgently needs this all-new ES6 to turn the tide.
4. BYD.CN
Great Wall Motors issued a statement accusing BYD Qin PLUS DM-i and Song PLUS DM-i of using atmospheric pressure fuel tanks, which are suspected of emitting pollutants that do not meet the standards for the entire vehicle. BYD said that the company is still verifying this report and has no further news. Great Wall Motors and its stock price both fell sharply in the afternoon.
🐬 Leading sectors
Shanghai and Shenzhen: Local area network equipment, midstream energy, wide area network equipment;
Hong Kong Stock Exchange: Medical support services, communication equipment, household appliances and tools;
US Stock Exchange: Industry electronic manufacturing, minerals, medical supplies.
🐬 Focus tomorrow
1. Hong Kong Stock Exchange, A-share and Hong Kong Stock Exchange (Southbound) will be closed tomorrow;
2. US Core PCE Price Index YoY, US Insulation Annual Index Out Month Rate, US Core PCE Price Index MoM, US One-Year Inflation Rate Expectations;
3. Pinduoduo and NetEase will release their financial reports, and Dolphin Analyst will track and provide interpretation and analysis. Stay tuned.
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