09911 NEWBORNTOWN
- 3.660
- +0.090+2.52%
NEWBORNTOWN News
The asset management giant Vanguard Group has bought into newborntown, becoming one of the largest institutional investors.
Financial terminal data shows that the global asset management giant Vanguard Group recently bought shares of Newborntown (9911.HK), becoming one of the largest institutional investors in Newborntown. Vanguard Group is a leading asset management giant driving the development of index funds in the USA, and is also the world's largest mutual fund and second largest exchange-traded fund (ETF) provider. As a top social entertainment company deeply cultivating the markets in the Middle East and North Africa, Newborntown Technology has shown impressive performance this year, with its market cap continuously improving. From the beginning of the year to November 25th, the stock price has risen by 92.27%, with a 28.62% increase in the past 3 months.
Three D Partners Buys Back Nearly 3 Million Shares of Newborn Town
[Brokerage Focus] Guoyuan International: Current internet plus-related sector consolidation continues, caution remains the main focus in the short term.
Jinwu Financial News | Guoyuan International stated that the current consolidation in the internet plus-related sector continues, with a cautious outlook in the short term. The bank believes that the continuous strength of the usd, combined with the release of risks due to the macroeconomic situation being below expectations, leads to a tightening of liquidity in overseas markets, causing funds to flow from the Asia-Pacific and europe to the usa market. In the short term, on one hand, Hong Kong stocks are significantly influenced by external risk sentiment and capital flow, and market performance is under pressure from fundamentals data not meeting expectations and reduced risk appetite for funds. On the other hand, the market is also waiting for policies to be implemented to accelerate the repair of the economic fundamentals, so the current Hong Kong stocks will be in a volatile pattern. Therefore, attention can currently be focused on.
[Brokerage Focus] Guoyuan International expects that the demand for internet-related IT services will be able to be sustained in the fourth quarter.
Jinwu Finance | Guoyuan International believes that the recent performance of Hong Kong stocks is under pressure both internally and externally. On one hand, market performance is facing pressure from disappointing fundamental data and a reduction in risk appetite for funds. On the other hand, a combination of policy measures and the accelerated issuance of special bonds is expected to gently pull the economy towards recovery. Therefore, the current Hong Kong stock market is in a volatile pattern, and short-term fluctuations are difficult to escape. Attention can be paid to high-dividend, policy-supported, and internet plus-related leading sectors with comparative advantages. In the U.S. stock market, the PE and market cap levels have reached historical highs, and there are concerns that future performance growth will not support the existing valuations. If the growth rate slows down, there will be significant pressure on the secondary market.
Newborn Town Joins Saudi Arabia's Regional Headquarters Program
Newborn Town's Appointee Repurchases Over 1 Million Shares
[Brokerage Focus] Guoyuan International: No need to worry about short-term fluctuations, internet technology is still advancing.
Jingu Finance News | Guoyuan International stated that, against the backdrop of global economic recovery and declining financing costs, the global economic growth rate is expected to remain stable in the fourth quarter, including interest rate cuts in the United States and Europe, uncertainties such as the soft landing of the US economy and the presidential election. The Chinese economy is driven by growth targets and policy reinforcement. Therefore, the short-term market will enter a state of volatile upward movement, but the internet and entertainment sectors with high performance and market resilience still have potential opportunities. As investors continue to anticipate bullish policies from the domestic Ministry of Finance, market confidence is expected to be maintained in the medium to long term. The bank believes that the current investment focus in the internet sector should still revolve around gaming expansion and AI application scenarios.
[Brokerage Focus] Guoyuan International believes that the investment targets in the internet-related sector should still focus on game globalization, AI scenario implementation, and the recovery of cloud computing service demand.
Jingu Financial News | Guoyuan International stated that overall, as the valuation of the Hong Kong stock market has been partially restored, the large cap market has started to consolidate after the previous sharp rise. Currently, there is a growing wait-and-see sentiment among investors, and the trading volume of Hong Kong stocks continues to shrink. However, the bank believes that the valuation is currently rebuilding its foundation. On a macro level, as the current economic data indicates weak economic recovery momentum, market funds are awaiting further policy implementation. In the future, if positive factors emerge, such as improvement in macroeconomic data, bullish policies being implemented, and improvement in corporate performance, it may trigger a new round of market rebound. The bank believes that the current internet sector investment...
Brokerage Focus: Soochow Securities maintains a 'buy' rating on Newborntown Technology (09911), pointing out that the development of social business in the first three quarters exceeded expectations.
Jinwu Finance News | Soochow Securities issued research reports, stating that newborntown (09911) is expected to achieve social business revenue of 32.4~3.28 billion RMB from January to September this year, with a year-on-year growth of 60.7%~62.7%; innovative business is expected to achieve revenue of 3~0.32 billion RMB, with a year-on-year growth of 12.4%~19.9%; high-quality games independently developed by the company and delivered by external independent teams generated approximately 0.58 billion RMB in revenue, a year-on-year growth of approximately 182.5%. The bank stated that as of September 30, 2024, the cumulative download volume of social business reached about 0.74 billion, compared to 2024.
Are Strong Financial Prospects The Force That Is Driving The Momentum In Newborn Town Inc.'s HKG:9911) Stock?
newborntown (09911.HK): Three D Partners further purchased a total of 3.1 million shares based on stock acquisitions.
Glory 25th October, newborntown technology (09911.HK) announced that Three D Partners Limited purchased a total of 42.148 million shares from the market from 28th April 2023 to 18th October 2024. Subsequently, during the period from 21st October 2024 to 25th October 2024 ("relevant period"), Three D Partners Limited further purchased a total of 3.1 million shares from the market based on share purchases.
Hong Kong stocks anomaly | Newborntown Technology (09911) surged over 10% in early trading, with a significant increase in social business revenue in the first three quarters and stable performance in innovative business.
Newborntown Technology (09911) rose more than 10% in early trading, as of the time of publication, rose by 8.74%, at 3.36 Hong Kong dollars, with a turnover of 15.4236 million Hong Kong dollars.
Gleng Hui announced selection (Hong Kong stock) | tianqi lithium corporation (09696.HK) expects a loss of 0.32 billion to 0.64 billion yuan in the third quarter.
【Today's Focus】tianqi lithium corporation (09696.HK) is expected to incur a loss ranging from 0.32 billion to 0.64 billion yuan in the third quarter tianqi lithium corporation (09696.HK) announced that the company expects a net loss attributable to shareholders for the nine months ended September 30, 2024, (i) to be in the range of RMB 5450 million to RMB 5850 million (unaudited), while the net income attributable to shareholders in the same period last year was RMB 8098.51 million; (ii) the net loss after deducting non-recurring gains and losses is expected to be in the range of RMB 5470 million to RMB
Newborn Town Logs Up to 63% Boost in Nine-Month Revenue
Newborntown (09911.HK): Expected significant growth of approximately 60.7% to 62.7% in social business total revenue for the first three quarters.
On October 24, Gelon Hui announced the unaudited operating data for the first three quarters of 2024. In terms of social business, (i) as of September 30, 2024, the total download volume of the group's social business reached approximately 0.74 billion, an increase of about 6.5% from June 30, 2024; (ii) in the third quarter of 2024, the average monthly active users of the group's social business reached approximately 28.983 million, a monthly increase of about 1.5%; and (iii) as of the end of September 30, 2024, for the nine months, the total expected revenue of the group's social business is expected to reach approximately RMB 3.24 billion.
Express News | Newborn Town Inc Sees Revenue Generated From Social Networking Business RMB3,240 Mln to RMB3,280 Mln for Nine Months
Newborn Town Buys Back Shares Under RSU Award Scheme
[Brokerage Focus] Xiniu Securities maintains a "buy" rating on newborntown Technology (09911), expecting Sugo and TopTop to achieve double revenue growth.
King Golden Financial News | Xiniu Securities issued research reports, stating that newborntown (09911) achieved a total revenue of 2.27 billion RMB in the first half of the fiscal year 2024, a growth of 65.3% compared to the same period last year, with about 2.07 billion RMB coming from social business. The bank mentioned that the company benefited from the strong performance in the MENA region, with Sugo and TopTop contributing more than 30% of the group's revenue, remaining the main growth drivers for the group. In June 2024, Sugo generated revenue exceeding tens of millions of US dollars, accounting for approximately 24% of the total revenue of the group's social business. The bank expects Sugo and
newborntown (09911.HK): Three D Partners Limited further purchased a total of 2.888 million shares based on stock purchase.
Grünerlü 4th of October ǀ Newborntown Technology (09911.HK) announced that from April 28, 2023 to July 26, 2024, Three D Partners Limited purchased a total of 3442.4 shares from the market. Subsequently, from September 23, 2024 to October 4, 2024, Three D Partners Limited further purchased a total of 2.888 million shares from the market, with an average cost of approximately 3.23 Hong Kong dollars per share. Three D
Newborn Town Inc. (HKG:9911) Surges 27% Yet Its Low P/E Is No Reason For Excitement
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