Meituan enters Brazilian market to compete with Didi again; CATL subscription frenzy｜Today's important news recap
0514 | Dolphin Research Key Focus:
🐬 Macro/Industry
1、Yesterday's Sino-US Geneva trade talks joint statement was released, leading to a broad rally in the US stock market. After the positive news was digested, Hong Kong stocks corrected today. At 20:30 tonight, the US will release April CPI data, which is an important reference for judging inflation trends and the Fed's policy stance. The consensus is that April CPI is expected to rise 0.3% month-on-month and 2.4% year-on-year. Additionally, Fed Chair Powell will speak on Thursday, which Dolphin Research will closely monitor.
🐬 Stocks
1、$MEITUAN(03690.HK)
At the "China-Brazil Business Seminar," Meituan signed an investment agreement: in the coming months, Meituan will officially introduce its food delivery service Keeta to Brazil and plans to invest $1 billion in Brazil over five years to support the project's development. The market does not seem to approve of Meituan's move, as reflected in its stock price. Besides facing strong competition from local giant iFood, Meituan will also compete head-to-head with Didi, which entered the Brazilian food delivery market earlier. It won't be easy for Meituan to carve out a share. Meituan fell nearly 5% today.
2、$Apple(AAPL.US)
According to foreign media reports, Apple is considering raising prices for its iPhone series this fall, though the company emphasized it would never publicly attribute the price hike to tariffs under US trade policies. Additionally, thanks to yesterday's positive Sino-US tariff news, Apple's stock rose over 6%.
3、$CATL(03750.HK)
CATL's IPO subscription is booming. Today, the public offering portion of CATL's Hong Kong IPO was oversubscribed by 21 times, with financing subscriptions reaching HKD 51.7 billion, making it potentially the largest IPO project in the Hong Kong stock market by size in 2025. Dolphin Research previously covered an in-depth analysis when CATL announced its listing on the Hong Kong Stock Exchange. Click to review:《Looking at CATL Through TSMC: The Inescapable Cycle of Fate》.
4、Tonight, JD.com, Sea, and Tencent Music will release earnings reports. Dolphin Research will track and provide analysis.
🐬 Top Gainers
Mainland: Diversified capital markets, medical services, trading and payment services;
Hong Kong: Tobacco, industrial gases, IT consulting;
US: Kitchen appliances, road freight, cloud and data centers.
🐬 Tomorrow's Focus
1、Tencent will release its earnings report.
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