80700 TENCENT-R
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- +4.200+1.22%
TENCENT-R News
Wisdom ADR statistics | July 3rd
On Tuesday, the three major stock indexes of the US rose collectively, and HSI ADR rose to 17847.95 points, up 78.81 points or 0.44% from the close in Hong Kong.
China Vanke Enterprise's contract sales amounted to 25.13 billion yuan in June. Alibaba-SW had spent a total of USD 5.8 billion to repurchase stocks by the end of June, according to the Hong Kong Stock Exchange announcement.
China Vanke (02202) contracted sales amount in June was 25.13 billion yuan, a year-on-year decrease of 30.46%; Alibaba-SW (09988) has spent 5.8 billion US dollars to repurchase 613 million ordinary shares as of the end of June....
On July 2, Tencent (00700.HK) spent 100 million Hong Kong dollars to buy back 2.71 million shares.
On July 2, Gleuson News reported that Tencent Holdings (00700.HK) announced a buyback of 2.71 million shares for HKD 1 billion on July 2, 2024, at a buyback price between HKD 365.2 and HKD 376.2 per share.
Express News | Tencent Bought Back 2.7 Mln Shares for HK$1.00 Bln on July 2- HKEX Filing
On the first trading day of July, the Hang Seng Index once again staged a high-rush comeback.
Article / ATFX HSI rose 671 points or 3.9% in the first half of the year. On the first trading day of July, after a low opening, it rose more than 200 points. The HSI closed at 17819 at midday, up 100 points or 0.6%; the afternoon increase narrowed. The technology index showed fluctuations, with a half-day report of 3548.78 points, down 0.17%, and the national index reported 6392 points, up 0.95%. The technology index maintained its weakness in the afternoon, and the main technology stocks fluctuated. Tencent (00700) fell by nearly 1%, Bilibili (09626) fell by 5%, Baidu (09888) fell by nearly 2%, and Alibaba (09988) fell slightly by 0.2%.
Bocom Intl: Bullish on internet plus-related sector performance/buyback support stock price, focusing on Netease-S in July.
Bocom intl released a research report stating that the sentiment of the mainland internet plus-related sector fell in June, with the Chinese internet index (KWEB) falling 7% month-on-month, compared with a 6% increase in the nasdaq and a 2% decline in the Hang Seng Index.
Bocom Intl: Bullish on internet plus-related sector performance/buyback supporting stock price, focusing on Netease-S (09999) in July.
Bocom Intl has given a leading rating to the mainland internet plus-related industry.
AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
Wisdom ADR statistics | July 2nd
According to the Zhilong Finance APP, on Monday, the three major indexes of the U.S. stock market rose collectively, while the HSI ADR fell and closed at 17,710.84 points, down 7.77 points or 0.04% from the Hong Kong market close. Most large-cap blue-chip stocks fell, with HSBC Holdings closing at HKD 68.451, up 0.22% from the Hong Kong market close; Tencent closing at HKD 370.767, down 0.44% from the Hong Kong market close.
Express News | South Korean Game Developer Shift up: Prices IPO at 60,000 Won/Share, at Top of Announced Range
Zijin Mining Group (02899.HK) has recorded a total of 18.377 million tons of newly added copper metal resources for its Tibet Julong Copper Mine and Heilongjiang Tongshan Copper Mine.
Zijin Mining Group (02899.HK) announced that recently, according to the opinions of the natural resources authority on the evaluation of mineral resources reserves, the Tibet Julong copper mine and Heilongjiang Tongshan copper mine under the company's management have newly recorded copper metal reserves of 18.377 million tons, with newly recorded copper metal reserves of 5.777 million tons, accounting for about 14.2% of China's copper reserves at the end of 2022 (according to the "China Mineral Resources Report 20" disclosed by the Ministry of Natural Resources).
Northbound funds|Net buy of 3.662 billion yuan, domestic funds continue to increase their holdings of telecommunication sector and China mainland banking stocks, with the whole day's buying of China Mobile (00941) exceeding HKD 1.2 billion.
On June 28th, the Hong Kong stock market saw net buying of HKD 3.662 billion by Northbound investors, of which HKD 1.427 billion was net purchased through the Shanghai-Hong Kong Stock Connect and HKD 2.235 billion was net purchased through the Shenzhen-Hong Kong Stock Connect.
Tencent (00700) spent HKD 1.001 billion on June 28 to repurchase 2.68 million shares.
According to the announcement released by Tencent (00700) on the Zhitong Finance app, on June 28, 2024, the company spent 1.001 billion Hong Kong dollars to repurchase 2.68 million shares at a repurchase price of 371-375.6 Hong Kong dollars per share.
Express News | Tencent Bought Back 2.7 Mln Shares for HK$1 Bln on June 28 - HKEX Filing
Swhy: Maintains a 'buy' rating on Tencent with a target price raised to HKD 473.
Swhy released a research report stating that they are maintaining a "buy" rating for Tencent (00700) due to their better-than-expected performance in the DNF mobile game. They have raised their profit forecast and increased the target price from HKD 471 to HKD 473. According to data monitoring cited in the report, it is expected that Tencent's DNF mobile game will generate over RMB 5 billion in revenue in its first month, which is better than the market's expectations. The DNF mobile game was launched in Korean in March 2022, and while the Chinese version is similar, it has a faster pace and richer content, which provides a reference for the Korean version. Based on the proportion of monthly revenue in the first year of the Korean version, which accounted for 42% of the revenue in the first month, the target revenue for the first month of the Chinese version is RMB 5 billion.
Research reports from SWHY: Raise Tencent's target price to HKD 473, with the potential for further improvement in game profit margins.
According to a report by swhy, comprehensive data analysis suggests that the first-month revenue of Tencent's DNF mobile game is expected to exceed 5 billion yuan, surpassing market expectations. DNF mobile game was launched in Korea in March 2022. The Chinese version has a similar path as the Korean version, but the Chinese version has a faster pace and richer content. The Korean version has some reference value. Referring to the proportion of average monthly revenue in the first year of the Korean version accounting for 42% of the first-month revenue, the first-year revenue of the Chinese version can reach 25.2 billion yuan based on 5 billion yuan revenue in the first month. In addition to DNF mobile game, core products such as "King of Glory" and "Peace Elite" have been continuously verified in long-cycle operations. The products will be enriched in the second half of the year and worth attention.
[Special Contributor] Ye Shangzhi: China Lottery's rebound is accelerating, pay attention to buying opportunities.
On June 27th, Hong Kong stocks fell on the futures settlement day, and the strengthening of the US dollar was estimated to be an excuse for bears to take advantage of. The Hang Seng Index dropped more than 370 points, closing at 17,700 points, hitting a new closing low since May, while the market volume rose to over 100 billion yuan, but still lower than the daily average of 110.4 billion yuan this year. In the situation where market liquidity is still relatively low, as we pointed out, we should pay attention to the relatively fragile support at the bottom of the market, and there may still be opportunities for further downward exploration and testing in the short term. Currently, the cautious and wait-and-see atmosphere in the market still persists.
Canalys: Cloud infrastructure spending in Mainland China grew 20% YoY in Q1, reaching $9.2 billion.
China's cloud computing service market is entering a new stage of fierce price competition.
Tencent Cloud Partners With Nokia to Support Asia-Pacific Businesses' AI Ambitions
Tencent Cloud has partnered with Nokia to help businesses in Asia-Pacific harness the potential of artificial intelligence (AI).
Zhicheng ADR statistics | June 28th
Hsi adr fell and closed at 17,627.69 points, down 88.78 points or 0.50% from the Hong Kong close.
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