Today's Key News Review | Dolphin Research
0909 Dolphin Analyst Focus:
🐬Macro/Industry
1. China's CPI increased by 2.5% year-on-year in August, with an expected value of 2.8% and a previous value of 2.7%. The year-on-year growth rate of CPI and PPI in August has both fallen slightly, temporarily weakening the market's concerns about inflation, but structural inflationary pressures remain. Social financing scale was 2.43 trillion yuan in August, with an expected value of 2.075 trillion yuan and a previous value of 756.1 billion yuan. M2 money supply increased by 12.2% year-on-year in August.
2. The price control of collective bidding for dental implants has finally landed. The target of the full-process price control of medical services is RMB 4,500. After the news was released, dental medical concept stocks continued to rise, and Dolphin Analyst's stock Era angel rose more than 10%.
3. Today, real estate stocks rose collectively. According to incomplete statistics, more than 24 cities have launched the policy of "one person buying a house, the whole family helping" since this year, mainly in third- and fourth-tier cities, and it may be expanded to more cities in the future.
🐬Individual Stocks
1. Lixiang Auto
Today, there was a rumor in the media that Lixiang Auto, a Chinese electric vehicle manufacturer, has suspended its $1.5 billion Hong Kong IPO. Since this year, Lixiang's delivery data has frequently reported good news, and its development momentum has surpassed that of Weilai. According to the latest data, Lixiang delivered 12,525 new vehicles in August, an increase of over 180% year-on-year, and a cumulative delivery volume of 76,563 vehicles from January to August. Less than an hour after the news came out, Lixiang Auto's founder Zhu Jiangming responded: "It's fake news. The company's Hong Kong IPO is progressing smoothly." Dolphin Analyst will continue to pay attention to the progress of Lixiang Auto's IPO.
2. Bilibili
On June 9th, Bilibili released its Q2 2022 earnings report, which was under pressure from revenue and net losses expanded. After the report was released, the stock price plummeted, closing down more than 15%. Dolphin Analyst believes that the main problem with this financial report lies in the revenue guidance for the third quarter, which is significantly lower than expected compared to previous years. For a detailed interpretation of this financial report and the telephone conference summary, see: "Inner turmoil plus external difficulties, B station is difficult to cure the 'heart disease'" and "B station: Commercialization should emulate ecological community construction (2Q22 Telephone Conference Summary)".
3. Xiaopeng Auto
Xiaopeng Auto announced on its official WeChat account that the G9 launch conference is scheduled for September 21.
🐬Leading Sectors
Shanghai and Shenzhen: Decoration and building materials, real estate services, seasoning and fermentation products II;
Hong Kong: Biotechnology, real estate agency, property services and management;
US stocks: Copper, uranium, biotechnology.
🐬 Focus on Next Tuesday
1. US non-seasonally adjusted CPI annual rate, US seasonally adjusted CPI monthly rate, US non-seasonally adjusted core CPI annual rate;
Hey folks, the Mid-Autumn Festival is just around the corner! Dolphin Analyst wishes you all the best of luck and a happy holiday. Enjoy the full moon with your loved ones!
⚠️ The red-highlighted companies mentioned in this article are covered by Dolphin Analyst. You can search for "海豚投研" on Longbridge App (click here to download) to find the research archives of these companies (including minutes of their past performance conferences).
Risk disclosure and statement of this article: Disclaimer and General Disclosure of Dolphin Analyst
