Today's Key News Review | Dolphin Research
0601 Dolphin Analyst Focus:
🐬 Macro/Industry
1. China's Caixin Manufacturing PMI for May was 50.9, up 1.4 percentage points from April, returning to the expansion zone after two months.
2. The debt ceiling bill passed a vote in the U.S. House of Representatives, temporarily delaying the debt ceiling from taking effect until the beginning of 2025, and restricting spending for fiscal years 2024 and 2025. According to the legislative process, the bill still needs to be passed by the Senate and submitted to President Biden for signature before it can take effect.
🐬 Individual Stocks
1. $TENCENT.HK
Tencent announced on the Hong Kong Stock Exchange that it spent about HKD 400 million to repurchase 1.29 million shares on May 31, with a price range of HKD 306 to 314.6 per share. It has been repurchasing for 7 consecutive days since May 22, 2023, with a total of 7.74 million shares repurchased and a cumulative repurchase amount of over HKD 2.5 billion. In addition, with the smooth progress of Sino-U.S. audit cooperation, Tencent rose 1.55% today.
2. $BABA-SW.HK
Cloud announced the progress of the Tongyi General Model, focusing on the AI new product "Tongyi Tingwu" for audio and video content, which has officially launched and become the first open beta large-scale model application product in China. Tongyi Tingwu has access to the understanding and summary capabilities of the Tongyi Qianwen large model, which can help complete transcription, retrieval, summary, and organization of audio and video content anytime and anywhere. For example, automatically taking notes with large models, organizing interviews, extracting PPT, etc.
3. $Tesla.US
Musk recently visited China and visited the Shanghai Super Factory late last night. The industry expects that Musk's trip may be to promote the production of the new Model 3 in the Shanghai factory, expand the Shanghai Super Factory, and pave the way for Tesla's Shanghai Energy Storage Super Factory, FSD (Fully Self-Driving) technology, and energy storage products in China. Tesla's stock rose in response to Musk's first day in China, and Musk once again became the world's richest man. 4. JD
Last night at 8:00, JD 618 officially kicked off. In 10 minutes, the number of brands that broke 100 million increased by 23% compared to the same period last year. Over 60% of merchants had a turnover exceeding the daily average of May within 10 minutes, and the turnover of nearly 50% of small and medium-sized merchants increased by more than 200%. It is said that the number of products subsidized by JD during this year's 618 period will be more than 10 times that of March. It rose more than 3.26% in early trading today.
🐬 Leading sector
Shanghai and Shenzhen: Cable equipment, home and office software, financial software and services;
Hong Kong Stock Exchange: Home and office software, media and publishing services, internet hosting services;
US Stock Exchange: Electronic equipment manufacturing, coal and uranium mining, infectious disease biopharmaceuticals.
🐬 Focus tomorrow
1. US unemployment rate, US seasonally adjusted non-farm employment.
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