Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation

Yahoo FinanceNov 8 07:13 ET

VSPO, the Largest Esports Company in Asia, Rebranded Hero Esports to Support Esports Globalization

PR NewswireNov 8 05:22 ET

tencent (00700) will disclose Q3 performance next Wednesday, with major updates on rating and target price (table).

Tencent Holdings (00700) will announce its third quarter performance ending September at the end of next Wednesday (the 13th).

Zhitong FinanceNov 8 04:07 ET

[Brokerage Focus] swhy expects Tencent (00700) Q3 revenue to increase by 7% year-on-year. Online game revenue is expected to grow by 12% compared to the same period.

Jingwu Cai Xun | Swhy issued research reports, predicting that tencent (00700) third quarter revenue in 2023 will increase by 7% year-on-year to 165.8 billion RMB, and non-International Financial Reporting Standards net profit will increase by 19% year-on-year to 53.5 billion RMB. The firm expects tencent's quarterly online games revenue to increase by 12%, with both domestic and overseas gaming businesses achieving double-digit growth. Core products such as "King of Glory" and "Peacekeeper Elite" are performing steadily, while mobile games like "Dungeon & Fighter" and "CrossFire: Legends" continue to contribute positively. "Delta Force" will be launched in September, and the market is anticipating new games from tencent in the future.

Jingwu finance news.Nov 8 02:50 ET

The amount of A-shares repurchased this year exceeded the amount raised by additional issuance.

The market has undergone a major turning point! The amount of A-share buybacks has exceeded the amount raised by issuing shares for the first time, indicating a key step for the A-share market to shift from financing to investment, releasing a heavy signal. Wind data shows that as of November 7, the buyback amount of A-share listed companies this year is 145.09 billion yuan, while the amount raised through new share issuance is 131.69 billion yuan. The buyback amount has exceeded the amount raised through new share issuance for the first time. Specifically, as of November 7, there are 2,030 A-share companies that have conducted buybacks this year, with a total buyback amount of 145.09 billion yuan; The company with the most buybacks in A-shares is wuxi apptec, with a buyback amount of 3 billion yuan. There are 26 Hong Kong-listed companies that have conducted buybacks this year.

Gelonghui FinanceNov 8 02:36 ET

【Brokerage Focus】CICC points out that the 3rd quarter performance of the Internet industry in November may be a key focus for trading.

Jingu Financial Information | CICC stated that after the first phase of revaluation of internet-related industries, the average PE ratio of internet-related industry stocks is currently at 16 times, a slight decrease from the end of September. The second phase of valuation reassessment may need to wait for policy effectiveness to support the fundamental improvement before being driven by long-term fund inflows. Looking ahead to November, the focus may be on 3Q performance. Under the slightly warmer consumer sentiment, some internet companies (such as e-commerce platforms) may guide for incremental investment for growth, but given the high ROI threshold, the industry's competitive landscape may not deteriorate as much as feared. In summary, the current valuation

Jingu Financial NewsNov 8 01:35 ET