Retail sales data "at a glance"? How to interpret it? Xindong Company surged over 12% against the trend | Today's important news review

1216 Dolphin's Key Focus:

🐬 Macroeconomics/Industry

1. Today's macroeconomic data for November has been released, showing total retail sales of consumer goods at 43,763 billion yuan, a year-on-year increase of 3.0%. After excluding automobiles, the growth rate further dropped to 2.5%. Several categories of discretionary goods (above designated size), such as tobacco and alcohol, clothing, and cosmetics, experienced negative year-on-year sales growth in November. At first glance, the data appears weak; however, this is partly related to the early "Double Eleven" promotions. Dolphin has already released an interpretation, see "November Retail Review: 'Double Eleven' Becomes 'Double Ten' Is the 'Behind-the-Scenes Manipulator'".

🐬 Individual Stocks

1. $ XD INC(02400.HK)

Against the backdrop of a general decline in Hong Kong stocks today, Xindong Company surged over 12%. Last Friday, TapTap, in collaboration with Gamma Data, released the "2024 TapTap Mobile Game Industry White Paper," which mentioned that "the average monthly active users of TapTap in the first half of 2024 reached 43.24 million, with annual downloads expected to exceed 800 million in 2024. Users who spend more than 1 hour daily on games on TapTap account for over 70%; nearly 90% of TapTap users spend money on games each month, which is 10% higher than non-TapTap users." The influence of TapTap continues to grow, and today its stock price rose against the trend.

2. Dolphin's Key Tracking of Financial Report Interpretations and Conference Calls

Broadcom: "ASIC to Surpass GPU? Broadcom's Good Days Are Ahead", "Broadcom: AI Serviceable Market Size Will Reach 60-90 Billion in FY2027 (FY24Q4 Summary)"

Costco: "Costco: This Is What It Means to Be a 'Retail King' Across Cycles!", "Costco: How Was This Excellent Performance Achieved?"

🐬 Leading Sectors

Shanghai and Shenzhen: Tobacco, educational services, diversified utilities;

Hong Kong Stocks: Furniture/home/decor materials retailers, office services and supplies, packaging;

U.S. Stocks: Pharmaceutical retailers, automobile manufacturers, semiconductor manufacturers.

🐬 Attention for Tomorrow

1. U.S. retail sales month-on-month, U.S. industrial production month-on-month, U.S. business inventories month-on-month.

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