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800700 Hang Seng TECH Index

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3441.960
+75.280+2.24%

Trading Aug 9 10:13 CST

3465.630High3429.280Low

Feirre

25 minutes ago

Brokers Expect TENCENT 2Q Non-IFRS Net Profit Up 28%

TENCENT will announce its 2Q results on August 14. Benefiting from game revenue growth in China, increased ad revenue from AI and video, and improved gross profit margins, 14 brokers expect TENCENT's 2Q24 non-IFRS net profit to be between RMB46.837 billion and RMB50.2 billion, marking a 24.7%-33.7% YoY increase. The median forecast is RMB48.11 billion, up 28.1% YoY.
Additionally, 7 brokers expect TENCENT's net profit to range from RMB35.7 bill...

Feirre

Aug 6 21:44

Jefferies Adjusts Price Targets for Tencent and NetEase

Jefferies reported on the latest approval of 105 domestic online games by the National Press and Publication Administration (NPPA) in July, highlighting ongoing support for the industry.
$TENCENT (00700.HK)$ Highlights:
Top Performer: Tencent's Dungeon and Fighter Mobile (DNF Mobile) has consistently led the iOS game revenue chart.
Revenue Forecast: Jefferies revised the expected revenue for DNF Mobile from RMB19 billion to RMB24 billi...

Spinee

Aug 6 21:09

HSI Opens 37 pts Up; NEW ORIENTIAL Series Narrow Gains After Surging at Open

DJIA rebounded 294 points or 0.8% last night after a pause in JPY carry trade unwinding, and Hong Kong stocks opened higher in the morning. $Hang Seng Index (800000.HK)$ opened 37 points or 0.2% higher at 16,684, while $Hang Seng China Enterprises Index (800100.HK)$ opened 16 points or 0.3% higher at 5,868. $Hang Seng TECH Index (800700.HK)$ opened 19 points or 0.6% higher at 3,361.
$NEW ORIENTAL-S (09901.HK)$ increased buyback to USD700 million and p...

Global market unsettled after sell-off: Take action or stay patient?

Spinee

Aug 6 02:08

Chinese indices failed to rebound on Tuesday

Benchmark $SSE Composite Index (800146.HK)$ dropped 0.5%, and $CSI 300 Index (800122.HK)$ fell by 0.7% from a 1% gain.
Metals in Shanghai continue their fall, silver is down 5.7%, copper -3.3%, zinc and tin -2.9%.
$CSI 300 Index (000300.SH)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $CNOOC (00883.HK)$ $China Mobile Limited (600941.SH)$ $CCB (00939.HK)$ $China Construction Bank Corporation (601939.SH)$ $ABC (01288.HK)$ $Agricultural Bank Of China (601288.SH)$

Spinee

Aug 5 03:48

Caixin China Services PMI breakdown

The services sector extended the period of expansion that commenced in January 2023, albeit at a pace that remained below the year-to-date average.
Incoming new business increased at a solid pace in July, supported by sustained improvements in underlying demand conditions and an expansion of service offerings.
Export business also expanded, attributed to rising interest from overseas clients and growth of tourism activity, the rate of export business expan...

Caixin July. Services PMI 52.1 [Est.51.5 Prev.51.2]
Caixin July. Composite PMI 51.2 [Prev. 52.8]
*The services sector beat expectations but could not offset the negative impact from the manufacturing sector, the composite PMI was the weakest in 9 months.
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $BABA-SW (09988.HK)$ $TENCENT (00700.HK)$ $MEITUAN-W (03690.HK)$ $BIDU-SW (09888.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$

Spinee: 财新中国制造业采购经理人指数明细：

Spinee

Aug 5 02:23

HSI Dips 36 pts at Half-day

At midday, $Hang Seng Index (800000.HK)$ waned 36 points or 0.2% to 16,908. $Hang Seng China Enterprises Index (800100.HK)$ lowered 24 points or 0.4% to 5,950. $Hang Seng TECH Index (800700.HK)$ advanced 3 points or 0.1% to 3,389. Half-day turnover totalled $60.82 billion.
$TENCENT (00700.HK)$ incremented 0.3% to $359.2 after China approved 75 imported online games, including Rainbow Six Siege agented by TENCENT.
As for other tech stocks, $BABA-SW (09988.HK)$ closed the half-day flat ...

Feirre

Aug 5 01:59

Morgan Stanley: Tencent is a "Catalyst-Rich Safe Haven"

Morgan Stanley expects Tencent's gaming business to achieve rapid growth in Q2 this year, becoming a leading indicator of the company's future profit surprises.
Morgan Stanley set a target price of HKD 450 for Tencent's Hong Kong stock, 25.6% higher than Friday's closing price.
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $China Concept Stocks (BK2517)$ $Hang Seng TECH Index (800700.HK)$

Spinee

Aug 1 22:35

The CPC held a Politburo meeting on Tuesday and set economic priorities for 2H24, but gave no further indication on property market stimulus.

Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures.
Should reserve and launch a number of incremental policy measures ASAP.
Domestic effective demand remains insufficient.
Saw many risks and hidden dangers in key areas.
It is necessary to strengthen counter-cyclical adjustments, a...

Spinee

Jul 31 21:21

HSI Opens 16 pts Lower as Chip Stocks Hike

$Hang Seng Index (800000.HK)$ opened 16 points or 0.1% lower at 17,327. $Hang Seng China Enterprises Index (800100.HK)$ opened 5 points or 0.1% lower at 6,101. $Hang Seng TECH Index (800700.HK)$ opened 13 points or 0.4% lower at 3,503.
$BUD APAC (01876.HK)$ opened flat at $9.51 this morning, but its losses widened in the early session as its interim net profit fell 5.9%, missing JPMorgan's estimations. $XINYI SOLAR (00968.HK)$ picked up 0.8% to $3.74, after it recorded a 41% hik...

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