0812 ｜Dolphin's Watchlist

🐬 Macro / Sector

1. At 8:30 a.m. ET Wed (8:30 p.m. Beijing), the U.S. Bureau of Labor Statistics releases Jul CPI, just weeks ahead of the Sep FOMC. The street expects headline CPI at +3.4% YoY and core CPI at +2.5% YoY. A hotter print would lift the odds of a Sep hike, pressuring U.S. equities, gold, and U.S. Treasuries.

🐬 Single Stocks

1.$BYD COMPANY(01211.HK)

BYD Qin Max fast-charging sedan will launch on Aug 13, available in DM-i PHEV and BEV trims. The BEV features a 900V high-voltage fast-charge architecture enabling a 9-minute quick top-up, and comes standard with the 'Tianshen Eye B' driver-assist suite. It fills a gap in the brand's mid-size sedan lineup. Positioned for home fast-charging use, it takes on JV ICE models and same-class NEV peers, with fast charging and generous cabin space as key differentiators, and could lift mid-tier sedan sales.

2.$BABA-W(09988.HK)

Alibaba Cloud's Lingjun Zhenwu M890 supernode instance officially went live today, with the Ulanqab node opening first. Powered by T-Head in-house chips, it offers 64-card 800GB/s high-speed interconnect and can host trillion-parameter MoE models, already compatible with Qwen 3.8-MAX and Kimi K3. This domestic high-spec AI compute is now commercially available, lowering training and inference barriers for ultra-large models. It strengthens Alibaba Cloud's compute ecosystem and helps local LLM vendors cut costs and boost efficiency.

3.$SpaceX(SPCX.US)

SpaceXAI released the AI agent product 'Grok Bot', now in testing and limited to SuperGrok and Cursor paid subscribers. It supports multi-agent collaboration and can autonomously execute office, marketing, and ops tasks across software and email. Grok 4.6 will roll out this week with broader testing, leveraging a 60 bn acquisition of Cursor to bolster coding capability. This marks a formal entry into general-purpose AI agents, benchmarking against OpenAI and Anthropic offerings, and shores up the To-B capabilities of Musk's AI ecosystem.

3. Dolphin's focus: earnings and calls

Sea: 'SEA: Behind the spike, is e-commerce finally set to jump?' and 'Sea (Trans): Shopee targets $1 bn full-year EBITDA'

TME: 'TME: Can generous buybacks restore belief in 'small but beautiful'?' and 'TME (Trans): Current priority is to stabilize the SVIP base amid competition'. Tencent reports tonight.

🐬 Top Gainers

A-shares: Real estate services, precious metals & minerals, aluminum;

HK: Telecom equipment, media, semis;

U.S.: Kitchenware, oil & gas refining & marketing, aluminum.

🐬 Watch for Tomorrow

1. JD, SMIC, and China Mobile report earnings.

Risk disclosure and statement: Dolphin Research disclaimer and general disclosure