[Today's headlines]

The highest daily activity surpassed 68.96 million, and Tencent (00700) is betting on the world's hottest mobile game

According to Sensor Tower data, “Brawl in the Wild” developed by Tencent's Supercell studio has had more than 50 million daily active users in the past month, with a peak of over 68.96 million. Nikkatsu is second only to “Garena Free Fire MAX” and “Roblox”, ranking third in the world.

This means that on average, there is at least one person for every 100 people overseas playing this game. At the same time, given the popularity of “Brawl Stars” players mostly young people, it can be said that it is an overseas big version of “Eggboy Party.”

Judging from the number of YouTube subscribers, the number for “Brawl Stars” also reached 15.4 million, which is higher than the 12.7 million for the global Evergreen hit “My World” and the 12.3 million for “Fortnite.”

In the global game market, products with a DAU of 60 million can be counted on one hand, and most of them come from famous blockbusters produced by established game companies that have operated IP for more than 10 years, such as the “Call of Duty” series and the “FIFA” series, while “Brawl Stars” based on the new IP has only been online for more than 5 years. Commercially, it generated over $2 billion in revenue for Supercell.

Since its establishment 13 years ago, Supercell has only officially launched 5 games. They have turned Supercell from a small Finnish studio with only 6 employees to the most successful mobile game manufacturer in the world. This made it popular with giants. As early as June 2016, Tencent announced the acquisition of 84.3% of Supercell's shares for 8.6 billion US dollars, making it the largest acquisition in the game industry at the time. Last year, Supercell had revenue of 1.7 billion euros (approximately RMB 13.2 billion), and their games such as “Clash of Clans” and “Clash Royale” were hugely successful worldwide.

[General outlook]

Overnight, all US stocks fell, and the 10-year US Treasury yield once broke through 4.66%

Overnight, the US stock Dow fell 248.13 points, or 0.65%, to 37735.11 points; the NASDAQ fell 290.08 points, or 1.79%, to 15885.02 points; the S&P 500 index fell 61.59 points, or 1.20%, to 5061.82 points. Tesla (TSLA.US) fell more than 5.5%, Apple (AAPL.US) and Nvidia (NVDA.US) fell more than 2%, and Microsoft (MSFT.US) fell nearly 2%. The Nasdaq China Golden Dragon Index closed down 0.48%, while Alibaba (BABA.US) fell nearly 1%.

Goldman Sachs said that if US stocks continue to fall, hedge funds may sell 20 billion to 42 billion US dollars of US stocks within the next month. The S&P 500 index fell below 5135 points, which will change the short-term trend from more positive to negative. For hedge funds that track the trend, it will trigger a stock sell-off.

The 10-year US Treasury yield once surpassed 4.66% and hit a new high during the year, and the 2-year Treasury yield was close to 5%. COMEX gold futures closed up 1.06% to $2399.3 per ounce; COMEX silver futures closed up 2.21% to $28.955 per ounce.

[Hot preview]

The Huawei P series is renamed “Pura”: the P70 is expected to be released at the end of this month, and organizations are optimistic about a sharp increase in sales

The official Weibo account of the Huawei terminal posted three videos in a row to warm up the new phone that is about to be released. Notably, the Huawei P series will officially be renamed “Huawei Pura,” and the new phone will also be named “Huawei Pura 70.” According to the reporter's understanding, the newly renamed Huawei Pura 70 series is expected to be released at the end of this month. A staff member at the Huawei flagship store told the media that the phone is expected to be launched before the end of the month and may be on the shelves at any time. Currently, blind orders are accepted, and the price is expected to be similar to the Mate 60. Third-party agencies are optimistic about the sales volume of the Huawei Pura 70 series. Guo Mingyi, an analyst at Tianfeng International Securities, previously predicted that compared to the P60 series released in 2023, shipments of the P70 series will increase significantly in 2024. If demand for mobile phone inventory recovery is strong, P70 shipments are expected to increase 230% to 13-15 million units; if demand slows down, it is also expected to increase 150% to 10-12 million units.

Vanke is optimizing the asset structure and classifying some high-quality heavy assets can be considered for transfer at the right time

Regarding recent rumors about Vanke's asset disposal, the reporter learned from relevant agencies that from the perspective of Vanke's strategy, it will classify assets and optimize the structure and then treat them according to the situation; its general idea is to reduce assets while retaining the right to operate and manage assets, so that the operation of the enterprise is smoother and more orderly, and the long-term operation of related assets is sustainable. According to reports, from the perspective of the entire life cycle of the enterprise, Vanke is beginning to evaluate, optimize, classify and sort out the structure of some assets. For some high-quality, heavy assets and well-operating properties, the company can consider selling them at an appropriate time if necessary; some high-quality light assets, such as property management assets, will not be considered for transfer at this stage.

Rusal (00486) responds to US and UK sanctions against Russian metals: without affecting the company's supply capacity, global demand for Russian metals is still strong

Russian aluminum giant Rusal issued a statement on April 15 saying that the new US and UK sanctions against Russian metals will not affect the company's supply capacity, as Rusal's global logistics distribution solutions, banking system, and overall production and quality system will not be affected. “We will continue to be able to provide customers with hedging services and continue to focus on market-based pricing,” Rusal said. According to the company, “consumer demand for Russian metals remains strong around the world.” On April 13, the US and the UK announced new trade restrictions on Russian aluminum, copper, and nickel. The new regulations prohibit LME and the Chicago Mercantile Exchange from accepting new Russian metals. Russian aluminum, copper, and nickel produced on or after April 13 are all prohibited. The US also banned the import of these three metals from Russia.

BYD's new energy pickup truck is developed based on the global market and is expected to be released within this year

The reporter learned from BYD that the BYD new energy pickup truck is equipped with a DMO super hybrid off-road platform and blade battery. It uses CTC battery chassis integration technology, is based on global market development, and is expected to be released within this year.

Chenming Paper (01812) announced first-quarter results with net profit of about 58,1962 million yuan, turning a year-on-year loss into profit

According to the Zhitong Finance App, Chenming Paper (01812) announced its results for the first quarter of 2024, with operating income of about 6.762 billion yuan, an increase of 9.84% over the previous year; net profit attributable to shareholders of listed companies was about 58.1962 million yuan, and a net loss of about 275 million yuan for the same period in 2023. Basic earnings per share were $0.02.

[Individual stocks cleared]

Sinopec Refining and Chemical Project (02386): The total value of new contracts signed in the first three months was 33.764 billion yuan, an increase of 80.3% year-on-year

According to the Zhitong Finance App, Sinopec Refining and Chemical Engineering announced that in the three-month period ending March 31, 2024, the total value of new contracts signed by the group was RMB 33.764 billion, an increase of 80.3% over the previous year; on March 31, 2024, the group's uncompleted contract volume was RMB 155.688 billion, an increase of 14.3% over RMB 136.262 billion on December 31, 2023.

Petrochemical industry has entered a boom cycle, and all countries are stepping up construction. In January 2024, Saudi Aramco signed a contract worth more than US$3.3 billion with a joint venture formed by Sinopec Refining and Chemical Engineering Group and Spanish petroleum engineering company Técnicas Reunidas to build a new natural gas condensate (NGL) fractionation facility for Saudi Arabia's Jafurah unconventional gas field.

The company's accounts have $45 billion in cash and $3 billion in receivables, of which $24.7 billion is contract liabilities. The company's engineering model is to collect part of the payment before starting construction. The market capitalization is only HK$21 billion.

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