The entity list is officially implemented, what is the impact? China Mobile strikes again in the Hong Kong telecommunications market | Important news recap today

1203 Dolphin's Key Focus:

🐬 Macro/Industry

1. The new round of U.S. Department of Commerce export control measures against China regarding semiconductors, mentioned yesterday, was officially implemented last night. Approximately 140 Chinese entities have been added to the export control entity list, and many leading domestic semiconductor equipment manufacturers have been sanctioned. This means these manufacturers will be unable to procure U.S. components. As a result of this news, the semiconductor sector has seen some declines; however, the market had already anticipated this, and the impact is gradually diminishing. Today, China's Ministry of Commerce also immediately retaliated by restricting the export of key raw materials for semiconductor chips to the U.S.

🐬 Individual Stocks

1. China Mobile

The news of China Mobile's acquisition of Hong Kong Broadband Network has officially landed, with an acquisition price of HKD 5.23 per share. Hong Kong Broadband's stock price surged again. The solutions provided by Hong Kong Broadband include broadband, data connectivity, cloud and data center services, Wi-Fi management, management services, and IT as a service, with business operations in Hong Kong, Macau, and mainland China, where over 90% of its revenue comes from Hong Kong. After the acquisition is completed, China Mobile will become the second-largest fixed broadband operator in Hong Kong, marking a significant step in its advancement into the Hong Kong telecommunications market.

2. Intel

Intel announced the retirement of CEO Pat Gelsinger and has appointed two senior leaders: David Zinsner and Michelle (MJ) Johnston Holthaus as interim co-CEOs; the independent chairman of the board, Frank Yeary, will serve as interim executive chairman during the transition period. Intel stated that the board has formed a committee to search for a new CEO. The stock price initially surged nearly 6% before retreating.

🐬 Leading Sectors

Shanghai and Shenzhen: Food distributors, tobacco, road freight;

Hong Kong Stocks: Timber products, recreational facilities such as stadiums, furniture/home/renovation materials retailers;

U.S. Stocks: Semiconductor materials and equipment, apparel accessories and luxury goods, commercial printing.

🐬 Tomorrow's Focus

1. Baidu will officially launch the Apollo Open Platform 10.0 on December 4 at 10:30;

2. China Caixin Services PMI;

3. U.S. S&P Global Services PMI final value, U.S. ISM Non-Manufacturing PMI.

Risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure