Nexon's Embark Studios has partnered with TENCENT to publish the highly anticipated games THE FINALS and ARC Raiders in China. Release dates for these games will be announced later. This collaboration highlights the strong synergy between Nexon's IP and TENCENT's publishing expertise, following the success of Nexon's "Dungeon & Fighter" mobile game in the Chinese market, as noted by Nexon President and CEO, Junghun Lee. $TENCENT (00700.HK)$$Tencent (TCEHY.US)$$China Concept Stocks (BK2517)$$Hang Seng TECH Index (800700.HK)$
Alibaba is set to announce its 1FQ25 results for the period ending June 30, 2024, this Thursday (August 15). Despite potential revenue exceeding expectations, brokers forecast a significant drop in 1FQ25 non-GAAP net profit, ranging from RMB34.8 billion to RMB45.59 billion, with a median of RMB39.33 billion, marking a 12.5% YoY decline. Investors are particularly focused on Alibaba's strategic guidance...
Citi Research reported that TENCENT’s games, including HoK, DnF Mobile, Peacekeeper Elite, Fight of the Golden Spatula, and CF Mobile, dominated the iOS grossing charts in early August due to successful summer promotions. The broker expects stable 3Q24 growth for TENCENT, driven by effective marketing, IP cooperation, and celebrity endorsements. Citi maintained its Buy rating with a target price of $515. TENCENT will rep...
PPI y/y and m/m remained steady. PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%. Month-on-Month Analysis: Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%. Coal prices remained stable, with th...
Gradual recovery in consumption and the rainy season help turn the CPI m/m to positive. The core CPI rose by 0.3% y/y, from -0.1%. Food prices rose by 1.2% y/y, from -0.6%. Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather. Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June. For y/y price changes Food, tobacco & liquor +0.2% Clothing +1.7% Accomodation +0.1% Necessities & services +0.7% Transportation & Communication -0.6% Education, Culture & Entertainment ...
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...
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $China Concept Stocks (BK2517)$ $Hang Seng TECH Index (800700.HK)$
Investors are particularly focused on Alibaba's strategic guidance...
Tensions in the Middle East triggered gold and oil prices to rise, $PETROCHINA (00857.HK)$ and $CNOOC (00883.HK)$ opened elevating 1.2% and 2.1%, while $ZIJIN MINING (02899.HK)$ opened inclining 1.7%.
As for tech stocks, $TENCENT (00700.HK)$ o...
The broker expects stable 3Q24 growth for TENCENT, driven by effective marketing, IP cooperation, and celebrity endorsements. Citi maintained its Buy rating with a target price of $515. TENCENT will rep...
Among the major techs, $BABA-SW (09988.HK)$ opened flat at $77.85. $TENCENT (00700.HK)$ inched up 0.5% at $372. $MEITUAN-W (03690.HK)$ dipped 0.3%. $XIAOMI-W (01810.HK)$ entered the top three in Japan in terms of mobile phone shipments, but its st...
PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%.
Month-on-Month Analysis:
Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%.
Coal prices remained stable, with th...
The core CPI rose by 0.3% y/y, from -0.1%.
Food prices rose by 1.2% y/y, from -0.6%.
Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather.
Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June.
For y/y price changes
Food, tobacco & liquor +0.2%
Clothing +1.7%
Accomodation +0.1%
Necessities & services +0.7%
Transportation & Communication -0.6%
Education, Culture & Entertainment ...
The 2Q24 net profit of chip stocks $SMIC (00981.HK)$ / $HUA HONG SEMI (01347.HK)$ fell 59%/ 91%+ YoY, and their share prices mounted 7.3%/ 2.7%. HUA HONG SEMI decreas...
Additionally, 7 brokers expect TENCENT's net profit to range from RMB35.7 bill...
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