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+7
Kweichow Moutai: Past the trough; needs one last push to stand up
Revenue and profit returned to growth. Both are back in positive territory.
+7Financial Analysis
D
BYD: Price cuts to drive volume at home; is the overseas 'lifeline' failing too?
Overseas volume ramp is being diluted by lower per-vehicle margin. By 2027, likely more volume but no profit uplift.
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![Exhibit 2- Al Overviews % of US Desktop Google Search Queries 81% 80% 6 63% 60%]()
+3
RDDT: Live by GOOGL, Die by GOOGL
1) Overall, $Reddit(RDDT.US) missed on key KPIs—users and next-quarter guidance.
Profitability was solid, with margin expansion QoQ.2) The core issue is user growth. US user growth had been tepid but still delivered net adds, while Intl penetration expanded aided by AI translation.Meanwhile, monetization was in a high-growth phase, with strengths outweighing blemishes. This time, US net churn deepened, and Intl net adds also slowed...D![robinhood]()
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+4
HOOD: Meme stock? Trump trade? No, the US retail king is more than that!
The popular US retail broker $Robinhood(HOOD.US) posted its Q3 results. Two quick takes:
1) Operations: Against the Q3 US market backdrop, HOOD’s operating metrics looked solid. Core revenue drivers — equities, options, and event contracts — were at or near quarterly highs, and market share moved higher.
2) Where’s the strength? Revenue was 1.42 bn, up 12% YoY, which screens as a rich multiple for modest growth. However, last year’s crypto frenzy set an unusually high base for 2026. In Dolphin Research’s view...
D![THIS NOTE IS LEGAL TENDER FOR ALL DEBTS.PUBLIC AND PRIVATE L92636134V WASHINGTON]()
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+13
COIN: Crypto Rebound, Why Are Earnings Still Depressed?
Policy tailwinds are fading, and elevated rates are a drag. The bottoming phase is proving far from smooth.
D![a 2 1 三 c )SanDisk PROFESSIONAL]()
![Seagate Financial Performance Unit： $mn 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25]()
![2000 SanDisk daily close (US$) SanDisk is down ~30% from its 22 Sep peak， about]()
![Revenue vs Guidance Range & Consensus ($mn) Revenue ■Consensus(Bloomberg) Guidan]()
+8
SNDK: DC Boom, But LT Contracts Cap Price Hikes
Beats no longer surprise: LT contracts floor the downside and cap the upside
D![intel D]()
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![Global PC Shipment 90，000 上 80，000 70，000 lohinResearch PC Shipments yoy kcn 20]()
+9
INTC: PCs 'crashed' — blip or real capitulation?
Guidance came in well below estimates. The PC pillar has crumbled.
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![Amazon Total Revenue Growth $'00mn 2，250 2，000 1，750 DolphinResearch hinRese Tot]()
![Amazon Op Profit growth $100 mn 300 DolphinResearch DolphinResear Operating prof]()
![AWS b revenue c growth $100 mn DolphinResearch DolphinResearch AWS Sales growth]()
+10
Heavy spend, muted returns: Has AMZN become NVDA's workhorse?
Near-term pressure and heavy cash burn. However, valuation now looks undemanding.
D![TM]()
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![SBUX total revenue change 105 100 Research DolphinResearch 图表区 Total revenues -Y]()
+13
SBUX: Profits Soar, Traffic Stalls. How Long Can Price Hikes Last?
In the U.S., SSS growth has shifted from traffic-led to ticket-led. Intl. markets saw traffic turn negative.
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![东鹏饮料营收及增速变化 in 100 millions， CNY DolphinResearch hinResear 营业收入 YoY change 70 65]()
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+3
Dongpeng Beverage: 'Special Drink' Turns Negative — Is the Energy-Drink Leader Now a Dividend Play?
The core flagship product Dongpeng Special Drink recorded its first quarterly decline.
The 'Bushuaila' hydration line, the second growth curve, has essentially stalled.