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0630 Key Focus of Dolphin:
🐬 Macro/Industry
1. The US GDP for Q1 grew at an annualized rate of 2%, revised from the estimated 1.4% and the previous value of 1.3%. Although it achieved moderate growth, it still faces potential headwinds in the future. Meanwhile, the report released by the US Department of Labor showed that initial jobless claims decreased by 26,000 to 239,000 for the week ending June 24, marking the largest drop in 20 months.
2. China's official manufacturing PMI for June was 49, in line with expectations and an increase of 0.2 percentage points from the previous month's value of 48.8. Overall output in China remained within the expansionary range in June, with improvements in the manufacturing sector and continued expansion in the non-manufacturing sector.
🐬 Stocks
1. $MEITUAN(03690.HK)
MEITUAN-W announced the completion of the acquisition of 100% equity of domestic and foreign entities of Lightyear Beyond, with a purchase price of approximately 2.065 billion RMB. Lightyear Beyond is a leading domestic AGI new enterprise founded by Wang Huiwen, a veteran of MEITUAN-W, in February this year. Within two months, a technology team mainly composed of product and technical talents has been established, with a current scale of about 70 people.
2. $XPENG-W(09868.HK)
Xpeng G6 was officially launched last night, with a starting price of 209,900 RMB and available in 5 versions. Deliveries will begin in July. Xpeng G6 is the first new model under Xpeng's "SEPA2.0" architecture, which can shorten the development cycle of new models by 20%. The highest level of component commonality based on the architecture can reach 80%. It is reported that from June 9th to 28th, orders for Xpeng G6 have exceeded 35,000 units. Today, the Hong Kong stock market's new energy vehicle sector collectively rose, with Xpeng closing more than 10% higher, leading the automotive sector.
🐬 Top-performing Sectors
Shanghai and Shenzhen: LAN equipment, satellite equipment, consumer video electronic devices;
Hong Kong: Internet and data services, general medical equipment, oil and gas operation support activities;
US Stock Market: Automotive and marine electronic manufacturing, other communication equipment, other materials.
🐬 Focus for Tomorrow
1. Not available.
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