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Some gaming stocks have risen, with Bilibili-W (09626) increasing by 3.96%. Institutions indicate that AI + gaming may further open up growth opportunities for the industry.
Jinwu Financial News | Some gaming stocks rose, HOMELAND ITL (03798) increased by 12.40%, Bilibili-W (09626) rose by 3.96%, XD INC (02400) rose by 3.44%, IDREAMSKY (01119) rose by 3.09%, TENCENT (00700) increased by 1.18%, and NTES-S (09999) rose by 0.38%. Kaiyuan Securities stated that with policy support combined with the release of new products, the gaming Sector is expected to reach a performance turning point. In 2024, 1,416 new game licenses will be issued, a 32% year-on-year increase, and in February 2025, 110 domestic games.
Rivals Stay Clear of GTA 6 Launch to Save Spotlight of Their Own Games
Tencent (TCEHY) Upgraded to Buy: Here's What You Should Know
Is the "East rises and West falls" trend continuing? Morgan Stanley and Goldman Sachs are in agreement on being bullish about the Chinese stock market: the trend of rising valuations is far from over.
Morgan Stanley, which has always been cautious about the China market, has once again raised its target point for the Chinese stock market, emphasizing that profits and valuations continue to rise significantly.
On March 26, TENCENT (00700.HK) spent 0.5 billion HKD to repurchase 0.99 million shares.
On March 26, it was announced by TENCENT (00700.HK) that on March 26, 0.5 billion Hong Kong dollars was spent to buy back 0.99 million shares, with the buyback price per share ranging from 502 to 509.5 Hong Kong dollars.
Express News | Tencent Bought Back 990,000 Shares for HK$500.8 Mln on March 26 - HKEX Filing