Today's Important News Review | Dolphin Investment Research

0712 Dolphin Focus:

🐬 Macro/Industry

1. According to the General Administration of Customs, China's exports in June increased by 8.6% year-on-year to $307.85 billion, expanding for the third consecutive month to the highest level in nearly two years; imports decreased by 2.3% year-on-year to $208.81 billion, with the trade surplus reaching its highest level since 1990. In US dollars, the growth rate of imports slowed in June, while exports accelerated. In the first half of the year, the import volume of major commodities increased, with a 22.2% growth in automobile exports.

🐬 Individual Stocks

1. $Tesla(TSLA.US)

Tesla has launched a new Model 3 long-range rear-wheel drive model in the United States, priced at $42,490. This version has a range of up to 363 miles (about 584.19 kilometers), making it the cheapest version of Model 3 currently available in the US (the standard range rear-wheel drive version is not eligible for the $7,500 US subsidy).

🐬 Leading Sectors

Shanghai/Shenzhen: Real estate services, automobile retailers, footwear;

Hong Kong: Real Estate Investment Trusts (REITs), pharmaceutical retailers, catering services;

US Stock Market: Residential construction companies, furniture/home furnishings manufacturers, professional financial services.

🐬 Focus for Next Monday

1. YoY growth of China's industrial value added, MoM growth of China's total retail sales of consumer goods, YoY GDP growth rate of China.

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