Zhichun ADR Statistics | December 14
HSI ADR fell, closing at 19932.65, down 38.59 points or 0.19% from the Hong Kong close.
On December 13, TENCENT (00700) spent 0.703 billion Hong Kong dollars to buy back 1.71 million shares.
TENCENT Holdings (00700) announced that it will spend 0.703 billion Hong Kong dollars to repurchase 17...
Express News | Tencent Bought Back 1.7 Mln Shares for HK$ 703.5 Mln on Dec 13 - HKEX Filing
[Brokerage Focus] CMB International points out the trend of revenue growth from AI application starting in 2025.
Jinwu Financial News | CEB International released the 2025 outlook for the Software & IT Services Industry. Against the backdrop of economic cycle dislocation, the stock price performance of the Software Sector in China and the United States is expected to show a divergent trend in 2024. However, the investment volume related to AI, its short-term impact on profits, and the potential outlook for monetization are common points of concern for both markets. Looking ahead to 2025, the bank believes that the investment theme related to AI will continue its benefit transmission path from chips to public cloud to infrastructure software and then to Application software from a fundamental perspective. The Infrastructure Cloud Sector is focusing on the trend of increasing cloud business growth as supply constraints gradually ease and AI-related investment.
Announcement Highlights | Air China Limited has completed the issuance of over 0.85 billion A-shares to AVIC Group; CHINA RES LAND's sales in November increased by nearly 7% year-on-year.
In the first 11 months, SINO-OCEAN GP's cumulative contracted sales amounted to approximately 30.6 billion yuan, with 3.73 billion yuan in contract sales for November; CHINA RES LAND's total contract sales amount for November was approximately 25.8 billion yuan, representing a year-on-year increase of 6.9%.
TENCENT (00700.HK) spent 0.704 billion Hong Kong dollars to repurchase 1.69 million shares on December 12.
On December 12, Gelonghui reported that TENCENT (00700.HK) announced it would spend 0.704 billion HKD to repurchase 1.69 million shares on December 12, 2024, with a buyback price ranging from 409.8 to 422.4 HKD per share.
Express News | Tencent Bought Back 1.7 Mln Shares for HK$703.8 Mln on Dec 12 - HKEX Filing
Featured announcements | Kanzhun revenue increased 19% year-on-year in the third quarter; China Taibao's original premium income during the year exceeded 410 billion yuan
Xinyi Glass and Xinyi Auto Glass (Hong Kong) signed a 2024 glass supply agreement; CGN Energy completed a cumulative total of 17,684.1 gigawatt-hours of power generation in the first 11 months, an increase of 1.7% over the previous year.
Zhitong ADR Statistics | December 12
On Wednesday, the three major U.S. stock indices had mixed results, with the HSI ADR falling. Calculated proportionally, it closed at 20,134.70 points, down 20.35 points or 0.10% from the Hong Kong market close.
Gelonghui Announcement Highlights (Hong Kong Stocks)︱Kanzhun-W (02076.HK) reported a 26.5% increase in operating profit for the third quarter and a 30.0% increase in monthly active users.
[Today's Focus] Kanzhun-W (02076.HK) reported a 26.5% increase in operating profit for the third quarter and a 30.0% rise in monthly active users. Kanzhun-W (02076.HK) announced that in the third quarter of 2024, the company’s revenue was 1,911.6 million yuan, a 19.0% increase compared to 1,606.6 million yuan in the same quarter of 2023. The operating profit for the third quarter was 330.2 million yuan, which is a 26.5% increase from 261 million yuan in the same quarter of 2023. As of September 30, 2024,
KE to Engage Shenzhen Tencent Computer Systems for Cloud, Technical Services
Gelonghui Announcement Highlights (Hong Kong Stocks) | FOSUN TOURISM (01992.HK) plans to privatize at a premium of approximately 95.00%. Trading will resume tomorrow.
【Today's Focus】FOSUN TOURISM (01992.HK) plans to privatize at a premium of approximately 95.00%. FOSUN TOURISM (01992.HK) will resume trading tomorrow. The announcement states that on December 9, 2024, the Board of Directors resolved to propose a plan to repurchase the company's shares under Article 86 of the Company Law via an agreement arrangement, to the Shareholders. Subject to the effectiveness of this plan, all planned shares (excluding the planned shares not allocated to the trustee) will be canceled, in exchange for cash of 7.80 HKD per planned share. The planned shares not allocated to the trustee will be canceled without compensation. The cancellation price is 7.80 HKD.
Tencent Shareholder Prosus Divests Shares
On December 10, tencent (00700.HK) spent 0.703 billion Hong Kong dollars to buy back 1.68 million shares.
Glory Exchange reported on December 10th that tencent (00700.HK) announced it will spend 0.703 billion HKD to repurchase 1.68 million shares on December 10, 2024, with a repurchase price of 411-429.2 HKD per share.
Hong Kong stock concept tracking | Sora officially released the ability to generate videos up to 20 seconds long, potentially opening up commercial space in the AI film and television field (with related concept stocks).
Domestic video large models are launched, and the film and television industry accelerates the pace of implementation.
Announcement highlights | Longfor Group's sales exceeded 90 billion yuan this year; Mao Geping announced the lottery results, listed this morning.
In the first 11 months, longfor group achieved a total contract sales amount of 93 billion yuan, with contract sales of 8.5 billion yuan in November; cspc pharma's application for marketing approval for SYHX2011 to treat advanced breast cancer was accepted.
Selected announcements from Gelonghui (Hong Kong stocks) | cspc pharma (01093.HK): The listing application for SYHX2011 for the treatment of advanced breast cancer has been accepted.
【Today's Focus】cspc pharma (01093.HK): The listing application for SYHX2011, which treats advanced breast cancer, has been accepted. cspc pharma (01093.HK) announced that the listing application for SYHX2011, developed by its subsidiary cspc pharma Ouyi Pharmaceutical Co., Ltd., has been officially accepted by the National Medical Products Administration of china. Breast cancer is a common malignant tumor in women, and taxane drugs are the most effective cytotoxic chemotherapy medications for advanced breast cancer. Whether used alone or in combination therapy, they have been shown to provide greater survival benefits than other types of chemotherapy.
Galaxy Securities: The "Millet Economy" is experiencing high prosperity with ongoing IP layout.
The box office stabilized in November, watch for subsequent supply turning points.
Express News | Tencent Bought Back 1.7 Mln Shares for HK$701.1 Mln on Dec 9- HKEX Filing
[Brokerage Focus] Huachuang Securities maintains a "recommended" rating for tencent (00700), pointing out that Q3 profits exceeded expectations and gaming revenue is steadily being released.
Jingu Finance News | Huachuang Securities research reports that Tencent (00700) achieved revenue of 167.2 billion yuan in 3Q24, YOY +8%, QOQ +4%, in line with expectations; gross profit of 88.8 billion yuan, YOY +16%, QOQ +3%, in line with expectations; achieved non-IFRS net income attributable to equity holders of 59.8 billion yuan, YOY +33%, QOQ +4%, exceeding expectations by about 10%. The bank stated that core products maintained steady growth, and revenue gradually released as turnover. 1) The international market gaming business achieved revenue of 14.5 billion yuan, YOY +9%, slightly below market expectations. This quarter