Express News | Tencent Bought Back 1.7 Mln Shares for HK$701.8 Mln on Nov 22 - HKEX Filing

Reuters04:37 ET

[Brokerage Focus] Dongbei Securities maintains a buy rating on tongchengtravel (00780), citing its outstanding competitive advantage in traffic and inventory resources backed by Tencent and Ctrip.

Jingu Financial News | Northeast Securities Research indicates that in Q3 2024, tongchengtravel (00780) achieved revenue of 5 billion, a year-on-year increase of 51% (exceeding expectations, company guidance was 45-50%). Adjusted net income was 0.91 billion, a year-on-year increase of 47% (exceeding expectations and guidance). The report states that the core OTA achieved revenue of 4 billion, a year-on-year increase of 22%, including traffic ticketing at 2 billion, a year-on-year increase of 21%, lodging bookings at 1.38 billion, a year-on-year increase of 22%, and other revenue at 0.61 billion, a year-on-year increase of 24%. International business led the growth, with international flight volume increasing by over 110% and international hotel nights increasing by over 130%. The vacation business achieved.

Golden Financial News02:41 ET

Hong Kong stocks fluctuated | The Hang Seng index fell nearly 3%, with network technology stocks generally declining. alibaba-W (09988) fell nearly 5%, marking a seven-day decline.

Heng Technology fell by nearly 3%, among its constituent stocks, the weight technology stocks generally declined, alibaba fell by nearly 5%, with the stock price temporarily in a seven-day decline. As of the time of publication, Alibaba-W (09988) fell by 4.5%, closing at 80.6 Hong Kong dollars.

Zhitong Finance02:16 ET

Citigroup: Netease's "Live Football Online" has passed the review. Pay attention to whether other imported game licenses will be approved in China in December.

Citigroup released a research report stating that the National Press and Publication Administration announced that a total of 112 domestic and 7 imported online games were approved in November, marking the second time this year that two approvals were granted simultaneously. Although the scale of approved domestic game licenses is roughly the same as before, the release time of imported game licenses is earlier than expected, deviating from the previous pattern of one release every two months. In addition, tencent (00700) did not receive any game approvals this time, but netease-S (09999) imported game license 'eFootball Online' made the list. Citigroup stated that although the scale of approvals this time is relatively small, the frequency of approvals for imported games is higher.

Sina Hong Kong Stock23:05 ET

Citigroup: Netease-S (09999) 'FIFA Online' approved, focusing on whether China will issue other imported game licenses in December.

This time tencent (00700) did not have games approved, but netease-S (09999) imported game's version 'online football manager' is listed.

Zhitong Finance21:25 ET

Reddit Shares Slip 7.3% After Tencent Discloses Sale of Shares

WSJ18:25 ET