ASML Rises Post-Earnings; Mixue Blends into Beer Market | Today's Important News Recap

1015 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1, Federal Reserve Chairman Powell stated on Tuesday that the central bankmay end the balance sheet reduction (QT) in the coming monthsto prevent liquidity tightness in the short-term funding markets.The dollar index fell in response, providing strong upward momentum for dollar-denominated gold, pushing gold prices to new highs.

2, This year's Double 11 promotion started on October 9, with JD.com and Douyin taking the lead, followed by platforms like Taobao, starting 5 days earlier than last year, further extending the event period,aiming to lock in consumer budgets and alleviate traffic anxiety; it also reflects the pressure of slowing retail growth and peaking user time.

3,In September, the CPI fell by 0.3% year-on-year and rose by 0.1% month-on-month,continuing a phase of low operation, mainly affected by food price fluctuations and insufficient core consumer demand. The negative year-on-year CPI growth reflects that the foundation for consumption recovery is still not solid, with the core issue being that consumer confidence and capability have not fully recovered.

🐬 Individual Stocks

1,$ASML(ASML.US)

ASML's night session once rose over 5%. Although the company's revenue and gross margin for this quarter met guidance expectations, they did not significantly exceed expectations. R&D and sales expenses remained stable, and the final profit was also moderate. Importantly, net orders remained at 5.4 billion euros, better than market expectations, and the revenue outlook for the fourth quarter is also good. Dolphin Research has issued a Quick Interpretation, and a detailed analysis will be released tonight.

2,$MIXUE GROUP(02097.HK)

Mixue Ice City has entered the beer market by acquiring a 53% stake in Fresh Beer Fulujia, launching fresh draft beer priced at 5.9-14.9 yuan, using a "small store + franchise + dual-store synergy" model, reusing the existing supply chain and cold chain network. The price is only one-third to one-half of the market price of similar craft products, continuing Mixue Ice City's affordable pricing standard, precisely targeting the "instant tipsy" demand of young groups, and is expected to activate craft beer consumption in the lower-tier markets.

🐬 Leading Sectors

Shanghai and Shenzhen: Consumer goods retailers, airline-passenger transport, professional consumer services;

Hong Kong stocks: Forest products, silver, steel;

U.S. stocks: Airline-passenger transport, leisure products operating equipment, consumer goods retailers.

🐬 Focus for Tomorrow

1, TSMC, Charles Schwab to release financial reports.

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