Other Specialty Retail

POP MART

Today’s Key News Recap

601339

BROS

09992

OpenAI

DXYZ

MSFT

MART

LVMUY

GOOG

GOOGL

MSFL

MSFO

MSFD

MSFU

MSFX

MSFY

GGLS

HPPD

1211 | Dolphin Research Focus: 🐬 Macro/Industry 1) The Fed cut rates by 25bps to 3.50%-3.75%, the third cut this year, in line with market expectations. It also announced $40bn of short-dated Treasury purchases over the next 30 days.Powell ruled out further hikes, saying rates are at the upper end of neutral. The message signals a shift from fighting inflation to supporting growth, even preempting a recession.🐬 Single stocks 1) $Microsoft(MSFT.US). CEO Satya Nadella made public remarks in Bengaluru, India...

Dutch Bros

Meta Platforms

Destiny Tech100

Microsoft

Allianzim US Large Cap Buffer10 Mar ETF

Louis Vuitton

Alphabet - C

Alphabet

Warner Bros. Discovery

SentinelOne

GraniteShares 2x Long MSFT Daily ETF

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

Direxion Daily Googl Bear 1x Shares

POP MART HK SDR 20to1

Microsoft's Agent AI Debuts Friday; LVMH Greater China Head Joins Pop Mart | Daily News Recap

NVDA

00388

TECH

80388

HKXCY

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

09863

02015

09866

09868

MS-A

MS-E

MS-F

MS-I

MS-K

MS-L

MS-O

MS-P

MS-Q

XPEV

1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

NVIDIA

HKEX

Bio-Techne

Mirae Asset Global Investments Co., Ltd.

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Morgan Stanley

LEAPMOTOR

LI AUTO-W

NIO-SW

XPENG-W

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

Li Auto

NIO Inc. USD OV

XPeng

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

MINISO

Conference Minutes

09896

MNSO

MGNI

09987

YUMC

09983

The following are the minutes of MINISO's Q3 FY25 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;MINISO: Revenue 'Money Printing Machine', Spending 'Paper Shredder'.&#34;

TOP Fin

Miniso

International Paper

Magnite

YUM CHINA

YUM China

CC NEW LIFE

MINISO (Minutes): It is expected that same-store sales in both China and the US will achieve double-digit growth in the fourth quarter.

AMZN

09988

PLTR

002245

BABA

89988

AMZU

HBBD

1104 ｜Dolphin Research Focus: 🐬 Stocks 1、$Amazon(AMZN.US) Amazon Web Services (AWS) announced the signing of a $38 billion (approximately RMB 270 billion) computing power contract with OpenAI. OpenAI will immediately utilize hundreds of thousands of NVIDIA GPUs from AWS, which can be expanded to tens of millions of CPUs in the future. AWS will also build dedicated infrastructure to support model training and inference tasks. For AWS, this move is a key response to the rapid growth of Microsoft Azure and Google Cloud...

Amazon

BABA-W

Palantir Tech

Jiangsu Azure Corporation

Automatic Data Process

Alibaba

BABA-WR

Direxion Daily AMZN Bull 2X Shares

Alibaba HK SDR 5to1

AWS & OpenAI Ink Computing Agreement; Ele.me Starts Name Change｜Today's Important News Recap

AAPL

06181

NFLX

TSLA

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

TSDD

TSLL

TSLQ

09366

07766

HLPD

1022 | Dolphin Research Focus: 🐬 Macro/Industry 1. Recently, gold prices have experienced a significant decline. The French presidential office issued a joint statement with several European countries supporting the U.S. proposal for an immediate ceasefire between Russia and Ukraine. The Ukrainian president also indicated that the conflict is nearing an end, breaking the market's expectation of a prolonged geopolitical conflict. Coupled with recent mild tariff signals, risk aversion sentiment has cooled. Previously, gold prices had been rising continuously and were at a high level. When negative news emerged, the technical adjustment demand was activated, and long positions took profits and exited, leading to a drop in gold prices. 🐬 Individual Stocks 1. $LAOPU GOLD(06181.HK) Lao Pu Gold announced...

Coca Cola

Apple

LAOPU GOLD

Netflix

Tesla

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

Laopu Gld HK SDR 50to1

OpenAI showcases 'AI Browser' aiming at Chrome; Laopu Gold plans discounted share placement for financing | Today's Important News Recap

SHOP

0930 Dolphin Research Key Focus: 🐬 Macro/Industry 1. The White House meeting on September 29th failed to reach an agreement on the temporary funding bill. The Democrats demanded that the Obamacare subsidies extension be tied to the budget bill, while the Republicans insisted on a 'clean' extension until November 21st. Federal funds will run out at 12:01 AM Eastern Time on October 1st. If no agreement is reached within 24 hours, the federal government will partially shut down, and the release of the September non-farm payroll data may be delayed. However, the market currently has high expectations that the two parties will reach a temporary agreement before the deadline, with limited impact...

Shopify 

HKEX launches PPMT stock options; ChatGPT introduces instant shopping feature | Today's important news recap

Pop Mart

The following are the minutes of the FY25Q2 earnings call of Pop Mart organized by Dolphin Research. For the earnings interpretation, please refer to &#34;Pop Mart: Sewing Machine 'Smoking', Can Pop Mart Continue to Soar? - &#34;

Pop Mart (Minutes): The net profit margin in 2025 is expected to be around 35%.

Financial Analysis

On the evening of August 19th, Beijing time, Pop Mart (9992.HK) released its H1 2025 performance report. Both revenue and profit exceeded the levels of the entire previous year, making it a commendable report. Compared to the recently announced earnings forecast, the revenue remained stable, with a key highlight being the nearly 400% year-on-year increase in profit (the forecast indicated no less than 350%), surpassing market expectations.

Pop Mart: The sewing machine is "smoking", can the bubble continue to soar?

Pop Mart 25H1 Quick Interpretation: Overall, compared to the previously announced forecast, the revenue remained basically flat, with a key focus on the profit increasing by nearly 400% year-on-year (the forecast indicated no less than 350%), exceeding market expectations. What surprised Dolphin Research was that despite LABUBU's explosive popularity overseas in the second quarter, the overall proportion of THE MONSTERS series only increased by 6% compared to the second half of last year, reaching 35%, indicating a relatively healthy IP matrix. 1. Domestic offline stores exceeded expectations. In 25H1, Pop Mart achieved a total revenue of 13.88 billion yuan, a year-on-year increase of 204%. Breaking it down, domestic revenue reached 8.28 billion yuan, a year-on-year increase of 135.2%, exceeding market expectations. The core reason is that with the improvement of the company's brand awareness and the introduction of diversified product categories &amp; IPs, the customer traffic in offline retail stores was significantly higher than the same period last year. In overseas regions, due to the explosive popularity of LABUBU, market expectations were relatively high. However, the first half of the year is a low consumption season in developed countries such as Europe and the United States, so the performance was not as bright as expected. 2. The contribution of various IPs to performance is relatively healthy. Due to the explosive popularity of Labubu in developed countries such as Europe and the United States, THE MONSTERS series became one of the most popular IPs globally in the first half of the year, with its proportion further increasing to 35%. In addition, other IPs maintained relatively strong vitality through image evolution and iteration, with a total of 13 IPs generating over 100 million yuan in revenue, indicating a relatively healthy overall IP matrix. Besides, the Xingxingren series became the company's fastest-growing IP, currently accounting for nearly 3%. 3. Plush toys have become the largest category. From a category perspective, the proportion of figurines represented by blind boxes continued to decline, replaced by the explosive growth of plush toys with higher gross margins. Besides the surge in sales of THE MONSTERS series, many other IPs under the company have gradually adopted plush toy designs, with the overall proportion soaring from less than 10% in the same period last year to 44%. 4. Gross profit margin reached a record high. Due to the increase in the proportion of high-margin overseas business and the company's supply chain optimization in the first half of the year, the gross profit margin of 25H1 reached 70%, a record high. 5. Operating leverage released, profit far exceeded expectations. In terms of sales expenses, due to the company's increased traffic on overseas online platforms (Ins, TikTok, etc.), the customer acquisition cost through these channels was much lower than traditional channels, resulting in a significant decrease in the sales expense ratio. The management expense ratio also significantly decreased due to the company's restrained investment and improved internal decision-making efficiency, ultimately leading to core operating profit exceeding market expectations. $POP MART(09992.HK)

ASML

0716 | Dolphin Research Focus: 🐬 Macro/Industry 1. According to data released by the U.S. Bureau of Labor Statistics, the U.S. core CPI in June rose by 2.9% year-on-year, in line with expectations. The month-on-month increase slightly rebounded from 0.1% in the previous month to 0.2%, but was below the expected 0.3%, marking the fifth consecutive month of being below expectations. After the data was released, U.S. stock futures expanded their gains, U.S. Treasury yields fell across the board, and the dollar index temporarily declined. The market was relatively satisfied with the moderate inflation performance. For the Federal Reserve's monetary policy, although the month-on-month increase in core CPI met its target...

Pop Mart's high growth fails to prevent a decline in its stock price, while ASML sees an order rebound but still faces stock price pressure  | Today's Important News Review

Rumors suggest 'Paddington' director will helm a Labubu-themed movie

Pop Mart Considers Acquiring Huayi Brothers to Expand into Entertainment

Guojin Securities Analysis: Pop Mart Creates New Space with AI and Consumption, Second and Third Curve Businesses Developing Rapidly

POP MART stock rises nearly 4% due to strong sales of new Hirono blind box

Heytea launches collaboration with Pop Mart's IP 'Satyr Rory'

In-depth analysis discusses Pop Mart's challenges amid revenue growth and market value pressure

Pop Mart to Release SKULLPANDA × MY MELODY Collaboration Plush Toy

Popmart Launches Second Edition of Playground Magazine to Expand Customer Base

Pop Mart to launch SKULLPANDA x Sanrio collaboration series plush pendants online

POP MART Founder Wang Ning Appears at Exhibition, Urged by Investors to Buy Back Shares Amid Sharp Stock Price Drop

Pop Mart's Crybaby special exhibition opens in Shanghai, aiming to extend IP lifecycle

Financial media analysis suggests Pop Mart aims to elevate its brand positioning by bringing in a former LVMH executive

Pop Mart will launch a new robot series in collaboration with Sanrio.

Rumor: 'Paddington' Director Paul King to Direct LABUBU-Themed Film for Sony

Stock prices of Hong Kong's 'New Consumption Trio' continue to adjust, as the market focuses on their diversified growth capabilities.

Pop Mart Features City Park at the 2025 China International Travel Mart