Today's Important News Review | Dolphin Investment Research

0815 Dolphin Focus:

🐬 Macro/Industry

1. In July, the total retail sales of consumer goods reached 3.7757 trillion yuan, a year-on-year increase of 2.7%, up from 2.0% previously. Excluding automobiles, retail sales of consumer goods amounted to 3.3959 trillion yuan, with a growth of 3.6%. Although the growth rate of retail sales has rebounded slightly, there is still no clear trend of overall improvement. Keep an eye on the financial reports of Alibaba and JD.com tonight.

2. The central bank conducted 577.7 billion yuan of 7-day reverse repurchase operations this morning using a fixed rate and quantity bidding method, with an operation rate of 1.70%. There are also 401 billion yuan of MLF maturing today, and the central bank has clarified that the MLF maturing on the day will be rolled over on August 26. This means that the central bank is further weakening the policy rate attribute of MLF rates and strengthening the 7-day reverse repurchase operation rate as the main policy rate.

🐬 Individual Stocks

1. Dolphin Focus on Company Financial Reports and Conference Call Minutes

Tencent: "Tencent: A Detailed Analysis of the 'Awesome' Performance", "Under Macro Pressure, Tencent Does Not Lack Profit Adjustment Points (2Q24 Conference Call Minutes)"

GoerTek: "GoerTek: Traditional Business Recovery, VR Shows No Improvement"

Tonight, Alibaba, JD.com, and Leapmotor will release their financial reports, and Dolphin will track and provide interpretation and analysis.

🐬 Leading Sectors

SH/SZ: Internet content and information, electronic games and multimedia, movies and entertainment;

HK: Sports equipment and other leisure products, tobacco, consumer finance;

US: Diversified capital markets, security and alarm services, property and casualty insurance.

🐬 Tomorrow's Focus

1. Initial value of the one-year inflation rate expectation in the United States.

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