104039463stock king OP : It's hk1200 millions spent on share buyback so far.
104039463stock king OP : US wants to destroy China economy by shorting China stocks in fact US is heavily indebted due to us debts of us 35 trillion the interest alone is costing us govt us900 billion a year there is no way us can afford to pay the interest. So they just keep printing more money to fund their spending and it's like a pony scheme, if us keep high interest rate their economy will suffer due to high cost and no way to compete with China at very low interest rate. Just a matter of time us dollars will big drop.
104039463stock king OP : Sold my 20 lots of dongfang electric from hk11-12.also unloaded my 4000 shares of Anta sport at hk100 bough at hk75. Still holding my Tencent bought at hk375 and will sell at above hk500 because of company shares repurchase every day and bought the amount of about hk90 billion so far so no hurry to sell.
104039463stock king
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104039463
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104039463
I have over 45 years of investment experience since 1980.gone thru many cycles of market boom and burst.
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Shanghai A share market will be in bull run after CNY from 4/2 onwards for about a month esp with long term fund such as insurance fund and social security fund investing in A shares for long term view.
104039463stock king
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$TENCENT (00700.HK)$ Today. Tencent continues to buy back shares for cancellation, in the past the company consistently bought back 1.7 millions shares daily in the past few months and have spent more than hk2200 millions on share buyback. But today the company increase the buy back from 1.7millions ahares to 3.93 millions shares at average price of hk381. 92 per share, I believe many short sellers and cutting losses, I believe the share price will slowly recover above hk400 with the company rele...
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$TENCENT (00700.HK)$ finally, Tencent resume share buyback today with 1.75 millions shares at average price of hk402. 2.Tencent stop share buyback for 1 month as they cannot do share buyback 1 month prior to result on 13/11.with the resumption of share buyback the share price will slowly move up in this difficult market condition due to high us interest rate. Tencent has spent close to hk100 billion on share buyback this year. Short sellers beware you will lose money on your short position when T...
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$TENCENT (00700.HK)$ For your info Tencent trading in US last night is us50. 13 =hk390. How come today nobody sell at hk390 and now it's hk410, this prove that US is shorting Tencent to sabotage China economy. It's a financial war between US and China all foreign funds talk down on China stock market yet the shanghai market continue to go up with govt support.
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104039463stock king
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$TENCENT (00700.HK)$ in us market China stocks are being shorted despite excellent result on the other hand us stocks with bad result is being push up due to political connection. US stocks are over valued and have no fundamental. For Tencent, company has spent close to hk100 billion for share buyback and stop buyback 1 month before result and I believe the company start buying back it's own share today, in early October the highest price buyback is hk450, you can find out from hk exchange announ...
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I bought hk stocks Tencent, Anta spots and Dongfang electric. I Bought Dongfang electric at hk8.0 on last Friday and today high us hk9. 55 close at hk9. 10 my target price for this stock is hk10 in October.
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$TENCENT (00700.HK)$ today Tencent continues to buyback shares at hk477.80 with higher volume of 1.05 millions. It's a positive sign that Tencent share price at this level is undervalued and so buyback more shares today. Sure to cross hk500 soon with company relentless share repurchase, FYI, share repurchase will be cancelled off and so number of issued shares reduced and so EPS increase.
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$TENCENT (00700.HK)$ Tencent has been buying back it's own shares from August to September daily with 2.7 millions shares worth hk1 billion every day for more than 30 days when the share price is between hk360 to hk390 for the total amount worth more than hk30 billions, after the share price surge past hk400 then it pause the share buyback for a few days. But after the share price go above hk450, it resume share buyback on 3/10 again at smaller qty, yesterday it bought back 541000 shares at Ave ...
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