00700 TENCENT
- 351.200
- -12.000-3.30%
TENCENT News
Zhitong ADR Statistics | July 25
The HSI ADR fell, closing at 17,230.12 points, down 80.93 points or 0.47% from the Hong Kong market close.
NetEase Rises on Eve of Launch of Mobile Version of 'Naraka Bladepoint' - Report
Brokerage Focus: China Merchants maintains a "strongly recommended" rating for Tencent Holdings (00700), expecting its profit growth to continue to perform well.
China Merchants Securities released research reports, stating that Tencent (00700) is expected to release its Q2 2024 performance report soon. The bank predicts that the company will achieve a total revenue of 161.5 billion yuan in Q2, a year-on-year increase of 8%, with Non-IFRS net income attributable to the parent of 48.8 billion yuan, a year-on-year increase of 30%. The bank believes that: 1) online games business: DnF mobile game has performed well since its launch, and growth in the second half of the year is expected to continue to recover. 2) social networking business: the video account live streaming ecosystem is gradually improving, and paid members for video and music are steadily increasing. 3) online advertising business: video account advertising continues to grow, and AIGC empowers the business.
Hong Kong stock concept tracking | The first Esports Olympics will be held in Saudi Arabia in 2025, and the Esports industry chain is developing rapidly on a global scale. (Attached is a list of concept stocks)
The first Esports Olympics will be held in Saudi Arabia in 2025.
Zh Tong ADR statistics | July 24th
HSI ADR fell and closed at 17,448.73 points, down 20.63 points or 0.12% from the Hong Kong market close.
Cybertruck Hits Fortnite, Rocket League: Elon Musk's Vehicle Now Featured In Games Backed By Disney Rival Bob Iger
Nanshui sold more than 0.3 billion yuan of Maotai, while Beishui further bought more than 0.4 billion Hong Kong dollars of Tencent.
Track the latest trends of north-south directional funds.
Analysis: Southbound capital has continuously increased its holdings of Tencent for 7 consecutive days, with a total of HKD 6.26 billion.
Today, the net buy of southbound capital in Hong Kong stocks was 0.094 billion yuan. Among them, net purchases of Tencent, Industrial and Commercial Bank of China, Xiaomi, China National Offshore Oil, and China Construction Bank were 0.43 billion, 0.233 billion, 0.197 billion, 0.137 billion, and 0.105 billion respectively; net sales of Tracker Fund of Hong Kong were 1.66 billion. According to statistics, southbound funds have been net buying Tencent for 7 consecutive days, totaling 6.26406 billion Hong Kong dollars.
Global Equities Roundup: Market Talk
Tencent's 2Q Earnings Likely Support by Gaming Segment -- Market Talk
Debon Securities: Pop Mart (09992) expects high growth in the first half of the year and pays attention to investment opportunities brought by ChinaJoy next week.
The 21st ChinaJoy Expo in 2024 will be held from July 26th to July 29th with the theme of "Starting from the heart, endless fun" as scheduled.
Nomura: Maintains 'buy' rating for Tencent (00700) with target price of HKD467.
Nomura predicts that gross margin of Tencent (00700) will increase by 6.6 percentage points to 54% annually, providing support for the steady growth of Q2 profit by 34%.
Statistics of capital trend for China-Hong Kong Stock Connect (T+2) on July 23
Capital trend of China Connect stocks on July 23
Hong Kong stock concept tracking | In July, 105 game version numbers were approved. With the coming of the peak season in summer, many games are expected to surpass expectations (with concept stocks attached).
On July 22, the State Administration of Press and Publication released the approval information for domestic online games produced in July 2024, with a total of 105 games approved.
Zh Tong ADR statistics | July 23
HSI ADR rose and closed at 17,683.66 points, up 47.78 points or 0.27% from the Hong Kong market close.
WiseStock Hong Kong stock market analysis | Bitcoin ETFs collectively rose sharply after Biden withdrew from the election, CXO wind bias is increasing.
Today, the markets in the two regions have diverged again. This time, Hong Kong stocks rebounded after testing the half-year line, closing up 1.25%, while A shares had the meaning of filling the gap, but the structure is not bad, with more rises than falls.
Illustration | Southbound funds have significantly increased their holdings of Tencent for 5 consecutive days.
Mainland capital had a net purchase of 3.692 billion yuan in Hong Kong stocks today. Among them: net purchase of Tracker Fund of Hong Kong 12.8.6 billion, Tencent 1.011 billion, CSOP Hang Seng Tech Index ETF 0.277 billion, Shun Yu 0.173 billion, China Mobile 0.159 billion, China Construction Bank Corporation 0.158 billion; net selling of Meituan 0.322 billion. According to statistics, southbound capital has been a net buyer of Tencent for six consecutive days, with a total of 5.83384 billion Hong Kong dollars.
In the second quarter, actively managed equity funds accelerated their portfolio adjustments, significantly increasing their holdings in Hong Kong stocks and reducing their holdings of baijiu.
The public fund second-quarter report has been released, and actively managed equity funds are accelerating their portfolio adjustments. In the second quarter, the stock market as a whole fell, with the CSI 300 index down 2.14%. The Hong Kong stock market rebounded sharply, driving the performance of active equity products in Hong Kong stocks to lead the way. The bond market continued to strengthen, and the average quarterly return of bond products in the second quarter was positive. The scale of active equity funds in the second quarter was 3.43 trillion yuan, a decrease of 143.69 billion yuan from the first quarter of 2024, with a quantity of 3879. The stock allocation of active equity funds has fallen for two consecutive quarters, and the degree of decline has increased. The stock allocation of active equity funds was 82.4% in the second quarter, down sequentially -
KGI Asia: Watching for follow-up policies after the Third Plenary Session, US AI stocks have strong potential to return to track after adjustment.
Kelvin Wen, director of the investment strategy department of KGI Asia, said he is watching for more measures to be introduced in the next one to two weeks after the end of the Third Plenum, as the level of policy measures will affect the degree of pressure on Hong Kong stocks.
Capital trend statistics for the Stock Connect of China-Hong Kong through China Securities Depository and Clearing Corporation Limited (T+2) on July 22nd.
Capital trend of Citic Securities Hong Kong Stock Connect on July 22.
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