Today's Important News Review | Dolphin Research

0618 Focus of Dolphin :

🐬 Macro/Industry

1. On the 18th, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, announced that the Hong Kong Stock Exchange will continue trading in adverse weather conditions, with this arrangement to be implemented in late September. Historically, the Hong Kong stock market has been closed multiple times due to adverse weather conditions, with 4 occurrences in 2023.

🐬 Individual Stocks

1. $BYD COMPANY(01211.HK)

"Stock God" Warren Buffett once again reduced his holdings of BYD Company: According to documents from the Hong Kong Stock Exchange, on June 11th, Berkshire Hathaway, under Buffett, sold 1.3475 million shares of BYD H shares at an average price of HKD 230.46 per share, cashing out approximately HKD 311 million in total. His ownership percentage decreased from 7.02% to 6.9%, holding approximately 75.6861 million shares. Currently, there is no significant impact on BYD's stock price, which closed up 0.09% today.

2. $DiDi(DIDIY.US)

Rumors suggest that after being delisted from the U.S. stock market for two years, DiDi Chuxing is preparing for a Hong Kong IPO in 2025. DiDi denied this and stated that there is no specific timetable yet. Rumors about DiDi's relisting have been circulating since last year but have not materialized. With intense competition in the ride-hailing market, several ride-hailing companies including Dida Chuxing and Caocao Chuxing have either updated or submitted their listing applications.

🐬 Leading Sectors

SH/SZ: Residential construction companies, commercial printing, hardware and equipment distributors;

HK: Shipping - freight and passenger transport, system software, food retailers;

US: Car retailers, casinos and gambling industry, sports and leisure facilities.

🐬 Focus Tomorrow

1. June 19th (Wednesday) is the U.S. June holiday, with the U.S. stock market closed for the day while the Hong Kong stock market operates as usual.

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