Other Specialty Retail

CTG DUTY-FREE

Today’s Key News Recap

09888

89888

HBUD

BIDU

01880

601888

LULU

09992

HPPD

01810

81810

HXXD

XIACY

1230 | Dolphin Research Focus: 🐬 Macro/Sector. HK and A-share robotics stocks rallied in tandem today.The move was likely driven by two market rumors. First, the Trump administration is said to plan an executive order (EO) on robotics in 2026, which could unlock policy tailwinds.Second, supply-chain firms have recently made intensive visits to North America, and the market expects Tesla's Optimus humanoid robot program to award contracts soon. Institutions forecast phased deliveries starting in Q1 2026, covering annual capacity of 80–100k units, and related component suppliers have begun to ramp up...

BIDU-SW

BIDU-SWR

Baidu HK SDR 10to1

Baidu

Meta Platforms

Lululemon

POP MART

POP MART HK SDR 20to1

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

BIDU ADR US

Robotics rally, BIDU surges, POP MART 'stalls' again｜Daily News Recap

NVDA

1219 Dolphin Research Focus: 🐬 Macro/Industry.BOJ raised its policy rate by 25bps to 0.75%, in line with market expectations, marking a 30-year high and the second hike within 11 months since Jan 2025, as core inflation has stayed above the 2% target for 44 straight months and a weaker yen is fueling imported price pressures.Twenty-four leading AI firms, including Microsoft, Google, Nvidia and OpenAI, ...

NVIDIA

Microsoft

OpenAI

Destiny Tech100

Alphabet

Oracle

MSFT, GOOGL and other giants rally behind US 'Project Genesis'; TikTok US plan finalized | Daily News Recap

TSLA

QCOM

SSNGY

SPOT

HOOD

UBER

DUOL

TSDD

TSLL

TSLQ

09366

07766

07366

1105 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. China has made adjustments to its tariff policy on the United States, announcing the suspension of the previously imposed 24% tariff rate on certain imported goods originating from the United States, while retaining the 10% additional tariff rate. The policy adjustment focuses on balancing trade costs and domestic demand, specifically covering a range of goods including machinery and electronic components. In the short term, the policy will alleviate market concerns about the 'escalation of the tariff war,' while in the long term, further adjustments to tariffs will need to be assessed based on the progress of Sino-US economic and trade negotiations...

AppLovin

Tesla

Unity Software

Qualcomm

Taiwan Semiconductor

Samsung Electronics 

Spotify

Robinhood

Uber Tech

Duolingo

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

Elon Musk reveals new information about Tesla AI5; CDF plans its first interim dividend | Today's Important News Recap

Financial Analysis

A few days ago, China Duty Free Group (CDFG) released its Q3 2025 financial report. Due to previous conflicts with other financial report release times, Dolphin Research is providing a brief commentary today: 1. After a year and a half of continuous decline, revenue growth has finally stabilized: In Q3 2025, the company's total revenue was approximately 11.7 billion yuan, roughly flat year-on-year (partly due to the increasingly lower year-on-year base). This finally marks a stabilization. Consistent with Dolphin Research's previous view, after six consecutive quarters of negative revenue growth, the worst period is likely over. The overall performance of the offshore duty-free market is similar to that of the company, with the total offshore duty-free sales in this quarter declining by 2.6% year-on-year, with the decline continuing to narrow...

Outfront Media

Has China Duty Free finally "bottomed out"?

01211

000001

AAPL

00388

MSFT

00710

000725

200725

GOOG

GOOGL

AMZN

COIN

DXYZ

BYDDF

81211

HYDD

002594

BYDDY

80388

HKXCY

1030 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On October 29th, Eastern Time, the Federal Reserve announced its second rate cut of the year by 25 basis points, lowering the interest rate range to 3.75%-4%, and scheduled to end the balance sheet reduction on December 1st. However, the decision saw rare dissent, with one vote advocating for a 50 basis point cut and one vote opposing the rate cut. Powell stated that a rate cut in December is 'far from certain.' U.S. stocks rose first and then fell, with increased uncertainty in December's policy, coupled with high valuations in U.S. stocks, sector rotation may intensify. It is necessary to closely monitor subsequent employment and inflation data...

BYD COMPANY

SSE Index

Apple

HKEX

BOE VARITRONIX

Alphabet - C

Amazon

Coinbase

BYD Company Limited

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

The US-China meeting ends with market volatility; Google and Meta experience 'two different worlds' after hours | Today's Important News Recap

00941

300750

03750

SCHW

00992

600941

80941

80992

LNVGY

HCCD

SCHW-D

MS-A

MS-E

MS-F

MS-I

MS-K

MS-L

MS-O

MS-P

MS-Q

SCHW-J

1017 | Dolphin Research Focus: 🐬 Macro/Industry 1. Shares of two U.S. regional banks plummeted due to loan fraud and bad debt issues, with the regional bank index posting its worst performance since April. Risk aversion sentiment pushed up U.S. Treasury and gold prices. The event highlights potential risks in the credit market, and concerns about 'more risk points' will suppress sentiment in financial stocks, while reinforcing expectations for the Federal Reserve to maintain an accommodative stance. 🐬 Individual Stocks 1. $Micron Tech(MU.US) Micron Technology's U.S. stock fell in after-hours trading. According to reports, Micron will stop selling server chips to Chinese data centers...

Morgan Stanley

CHINA MOBILE

Micron Tech

CATL

Charles Schwab

Pro Ultr Silver

iShares Silver Tr

Financial Select Sector SPDR Fund

LENOVO GROUP

China Mobile

CHINA MOBILE-R

LENOVO GROUP-R

Lenovo Group

CATL HK SDR 30to1

SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

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

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Micron to Stop Selling Server Chips to Chinese Data Centers; Meta Plans to Raise $30 Billion to Build Data Centers | Today's Important News Recap

002241

0826 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. According to foreign media reports, Trump signed an executive order to remove Federal Reserve Governor Lisa Cook from her position on the grounds of &#34;alleged mortgage fraud,&#34; effective immediately. This unprecedented move marks a significant escalation in his offensive against the Federal Reserve. Following the announcement, the dollar fell sharply, gold surged, and the U.S. Treasury yield curve steepened, reflecting concerns over the Fed's independence and long-term inflation expectations. 2. The National Press and Publication Administration officially announced the game license approval results for August 2025, with a total of 166 domestic online games and 7 imported online games approved...

Goertek

Guangzhou's first downtown duty-free shop opens, China Duty Free surges intraday; GoerTek hits limit-up | Today's Important News Recap

XPEV

09868

0724 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. Trump announced at the Washington AI Summit on Wednesday that the lower limit of the 'reciprocal tariff' on August 1st will be raised from the original 10% to 15%, and may be increased up to 50% depending on bilateral relations. The new 15% floor means that the cost of exporting to the United States for most countries worldwide will increase by 5 percentage points at once. If implemented, it will directly raise the U.S. core PCE by about 0.3 percentage points, delaying the Federal Reserve's rate cut schedule. 2. Trump announced the 'American AI Action Plan'...

XPeng

XPENG-W

Countdown to Hainan's closure, China Duty Free surges 15%; Tesla's stock price falls post-earnings

On the evening of April 29, $CTG DUTY-FREE(601888.SH) $CTG DUTY-FREE(01880.HK) officially released its Q1 2025 financial report. Since Dolphin Research had just provided a detailed analysis of the annual performance not long ago, and the information disclosed in the A-share quarterly report is quite limited, this time we will only provide a brief quick review: 1. Has the worst time passed? The decline in revenue is narrowing: In Q1 2025, the company's total revenue was 16.75 billion yuan, with the year-on-year decline narrowing significantly to 11%. Although the downward trend in revenue has not yet been completely reversed, compared to the previous three quarters with revenue declines of around 20%...

Has the worst time passed? Can China Tourism Group Duty Free Corporation turn bitter into sweet?

0428 | Dolphin Research focus: 🐬 Macro/Industry 1. At 10:00 am today, the State Council Information Office held a press conference covering topics such as consumer goods trade-in programs, reducing costs for foreign trade enterprises, and capital market stability. It emphasized &#34;the need to stabilize employment, businesses, markets, and expectations,&#34; and reiterated the possibility of &#34;timely RRR and interest rate cuts&#34; in monetary policy, highlighting &#34;extraordinary counter-cyclical adjustments&#34; to boost market confidence. 🐬 Stocks 1. $POP MART(09992.HK) surged over 10% today...

The frenzy of LABUBU drives up Pop Mart; State Council press conference releases positive signals｜Today's key news recap

China Tourism Group Duty Free Wins Tender for Beijing Capital International Airport Duty-Free Project

Hainan Free Trade Port's First Week of Closed Operation Shows Economic Upsurge

China Duty Free Group Subsidiary Wins Beijing Capital International Airport Duty Free Project Bid

CDF Duty Free City Launches 12 Benefits Following Full Island Fencing of Hainan Free Trade Port

UBS Upgrades Revenue Projections and Target Price for China Tourism Retail

CIFTM: China Tourism Retailer POSITIVE on Hainan Free Trade Port Island-wide Fenceline Clearance

UBS Upgrades China Tourism Retail's Stock Rating to Buy

Shanghai Airport Duty-Free Operation Rights Transferred to Dufry and China Duty-Free Group

CCLF Free Trade Goods Co., Ltd. Established with a Registered Capital of 200 Million RMB

China Duty Free Subsidiary Secures Operating Rights for Two Shanghai Airport Duty-Free Shops

China Duty Free Wins Bidding for Shanghai Airport Duty Free Project

CSC Successfully Bids for Shanghai Pudong and Hongqiao International Airport Duty-Free Shop Projects in Collaboration with Avolta

China Duty Free Group Opposes Shanghai Duty Free Participating in New Shanghai Airport Duty Free Store Bid Independently

CICC Raises Target Price for China Tourism Group Duty-Free to 86 Yuan

ShangPharma Decides Not to Bid on Shanghai Airport Duty-Free Project

China Tourism Group Duty Free Executes Off-Island Tax-Free Policy, Resulting in Significant Increase in Shopping Amount and Number of People in November

CICC Raises China Duty Free Rating and Price Target

CICC expects China Duty Free to win the Shanghai Airport duty-free shop tender

China Duty Free Rejects Shanghai Duty Free Bid for Shanghai Airport Project

Hainan Free Trade Port Launches Quasi-Border Control, Boosting China’s Duty-Free Giant