1022 ｜Dolphin Research Focus:

🐬 Macro/Industry

1. Recently, gold prices have seen a significant decline. The French presidential office released a joint statement from 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 prolonged geopolitical conflict. Coupled with recent mild tariff signals, risk aversion sentiment has cooled. Previously, gold prices had been continuously rising and were at a high level. When bearish news appeared, the technical adjustment demand was activated, and long positions took profits, leading to a drop in gold prices.

🐬 Individual Stocks

1.$LAOPU GOLD(06181.HK)

Lao Pu Gold announced plans to place 3.7118 million new H shares at a price of HKD 732.49 per share, a discount of 4.5%. This move aims to raise funds to support business development. In the short term, the dilution effect may cause temporary pressure on the stock price, but if the funds can be converted into performance growth in the long term, it could strengthen its competitiveness in the high-end gold jewelry sector.

2.$Apple(AAPL.US)

Apple plans to launch an iPad with an approximately 18-inch foldable screen, originally targeted for release in 2028, but now possibly delayed to 2029 due to engineering challenges such as weight and screen technology. When closed, the device resembles an ultra-thin Mac, and when opened, it approaches the size of a 13-inch notebook. The expected price is around USD 3000.This move is a key attempt by Apple to address weak iPad revenue and enter the foldable device market, aiming to activate demand through "large screen form innovation," though technical challenges are significant. If successfully launched, it may blur the product boundaries between iPad and Mac, reshaping the competitive logic of the tablet market.

3.$Alphabet(GOOGL.US)

OpenAI has released a new AI-driven web browser called ChatGPT Atlas, deeply integrating ChatGPT, featuring real-time assistant in the sidebar and intelligent agent automatic task execution, challenging Google Chrome.Although in the short term, the gap in ecosystem and user base makes it difficult to shake Chrome's position, it may attract high-end office user groups.

4. Dolphin Research Focus on Earnings Reports and Conference Calls

Coca-Cola: "Coca-Cola: "Bulk Happy Water," Drinking Steady Happiness?", "Coca-Cola (Minutes): Bottling System Restructuring Strategy Near Completion"

Netflix: "Netflix: Another Plunge! Has the "King of Shows" Become Mediocre?", "Netflix (Minutes): Programmatic Advertising Will Be a Key Future Revenue Source"

Pop Mart: "Pop Mart Third Quarter Business Data Brief Review"

🐬 Leading Sectors

Shanghai and Shenzhen: Residential Construction Companies, Oil & Gas Exploration and Production, Energy Equipment and Services;

Hong Kong Stocks: Computer and Electronic Product Retailers, Furniture/Home Manufacturers, Agricultural Machinery;

U.S. Stocks: Pharmaceutical Retailers, Industrial Conglomerates

🐬 Focus for Tomorrow

1. Tesla will release its earnings report, and Dolphin Research will track and provide interpretative analysis.

Risk Disclosure and Statement of this Article: Dolphin Research Disclaimer and General Disclosure