Pop Mart's high growth fails to prevent a decline in its stock price, while ASML sees an order rebound but still faces stock price pressure | Today's Important News Review

0716 | Dolphin Research Key Focus:

🐬 Macro/Industry

1. According to data released by the U.S. Bureau of Labor Statistics, the U.S. core CPI in June rose by 2.9% year-on-year, in line with expectations. The month-on-month increase slightly rebounded from 0.1% in the previous month to 0.2%, but was below the expected 0.3%, marking the fifth consecutive month below expectations. After the data release, U.S. stock futures expanded their gains, U.S. Treasury yields fell across the board, and the dollar index temporarily declined. The market was relatively satisfied with the moderate inflation performance. For the Federal Reserve's monetary policy, although the month-on-month increase in core CPI meets its target, it is not sufficient to support a rate cut in July. However, if underlying inflation continues to remain moderate, the Fed may still restart the easing cycle in the fall.

🐬 Individual Stocks

1.$POP MART(09992.HK)

Pop Mart released a strong half-year earnings warning yesterday, with revenue growth exceeding 200% and net profit growth exceeding 350%, overall surpassing Dolphin Research's expectations. Dolphin Research provided a brief review of the financial report last night: The "explosive" performance essentially reflects the accelerated release of the product cycle driven by the continued global rise in Pop Mart's IP popularity. Although the pre-increase announcement did not disclose specific domestic and overseas performance, it is speculated that the quarter-on-quarter acceleration in Q2 was mainly contributed by the overseas market. However, as Pop Mart's stock price is currently at a high level, the stock price fell today, ultimately closing down 4.03%.

2.$ASML(ASML.US)

ASML's second-quarter performance met market expectations in terms of revenue and gross margin, with the gross margin exceeding expectations being the most notable. The market is more concerned about order volume and next quarter's guidance. The company's order volume this quarter was 5.54 billion euros, significantly rebounding from the previous quarter and better than expected, but next quarter's guidance remains low. ASML fell more than 7% pre-market, and Dolphin Research will provide a detailed analysis later.

🐬 Leading Sectors

Shanghai and Shenzhen: Data processing and outsourcing services, commercial printing, human resources and employment services;

Hong Kong stocks: Managed healthcare, insurance brokerage companies, agricultural products;

U.S. stocks: Semiconductor manufacturers, video games and multimedia, semiconductor materials and equipment.

🐬 Focus for Tomorrow

1. U.S. retail sales monthly rate, U.S. import price index monthly rate, U.S. Philadelphia Fed manufacturing index, U.S. business inventory monthly rate;

2. TSMC releases financial report.

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