80700 TENCENT-R
- 395.600
- -5.600-1.40%
TENCENT-R News
On December 23, TENCENT (00700.HK) spent 0.704 billion HKD to repurchase 1.67 million shares.
Gelonghui reported on December 23 that TENCENT (00700.HK) announced a share buyback on December 23, 2024, spending 0.704 billion Hong Kong dollars to repurchase 1.67 million shares, with a buyback price of 416.4-430.6 Hong Kong dollars per share.
Express News | Tencent Bought Back 1.7 Mln Shares for HK$703.8 Mln on Dec 23 - HKEX Filing
Express News | Tencent - Telkomsel, Tencent, and Mcash Collaborate to Develop Communication and AI Technology
Market Chatter: Tencent Launches Gift-Giving Feature on WeChat E-Commerce Applet
China's Stock Market Faces Another Year of Turmoil. How to Play It
Morgan Stanley: Reiterates TENCENT's "Shareholding" rating with a Target Price of HKD 570.
Morgan Stanley released a research report stating that it reaffirms the "Shareholding" rating for TENCENT (00700), continuing to list it as a preferred stock, with a Target Price of 570 Hong Kong dollars. TENCENT's WeChat public e-commerce platform, WeChat Shop, has launched a gray testing of the "Gift Giving" function, allowing users to purchase commodities worth less than 0.01 million yuan as gifts and directly gift them to WeChat friends. The gift-giving function is similar to the format of WeChat red envelopes, which is believed to align with the development strategy of WeChat Shop, utilizing WeChat's ecosystem to build a unified and reliable e-commerce platform for users and providing indexed and standardized commodities. Morgan Stanley expects that after the new feature is fully launched, it will attract.
[Brokerage Focus] Morgan Stanley reaffirms Tencent (00700) 'Shareholding' rating, expects WeChat gifting feature to drive e-commerce related revenue in the long term.
Jinwu Financial News | Morgan Stanley's research report indicates that Tencent's (00700) WeChat public e-commerce platform, WeChat Store, has launched a gray test for the "Gift Giving" feature, allowing users to purchase commodities worth less than 0.01 million yuan to give as gifts directly to WeChat friends. The gift-giving function resembles the form of WeChat red envelopes, which is believed to align with the development strategy of WeChat Store, that is, to utilize WeChat's ecosystem to build a unified and trustworthy e-commerce platform for users, providing indexed and standardized commodities. The firm expects that after the full launch of the new feature, it will attract more merchants to join WeChat Store, and in the long run, it will bring revenue from e-commerce related trades and advertisements.
Huachuang Securities: Maintains a "Recommended" rating for TENCENT with a Target Price of 546.6 HKD.
Hua Chuang Securities released a research report stating that it maintains a "Recommended" rating for TENCENT (00700), giving the company's 2024-2026 revenue expectations at 658.6/717.9/771.3 billion yuan, YOY +8%/9%/7%; NON-IFRS net income expectations are 222.3/251/276.1 billion yuan, YOY +45%/16%/13%. The company is given a target valuation level of 18x PE for NON-IFRS EPS in 2025, corresponding to a target price of 546.6 Hong Kong dollars. On December 17, WeChat's Xiaodian gray test "Gift Delivery" feature, excluding jewelry and Education.
Announcement Highlights | GTJA has been approved to be the major Shareholder of HAITONG SEC's related Overseas subsidiaries; CATHAY PAC AIR's passenger carried in November increased by about 20% year-on-year.
CATHAY PAC AIR's passenger carried in November increased by approximately 20% year-on-year; Connet Optical plans to issue 53.325 million placement shares at a discount of about 19.98% to Goertek in Hong Kong, raising a net of 0.828 billion Hong Kong dollars.
Eshallgo Inc Engages in Strategic Collaborations With Tencent
Apple Talks With Tencent, ByteDance to Integrate AI in IPhones, Reuters Says
Express News | Ehgo Announces Major Equity Financing, With up to $20 Million to Facilitate Its Entry Into Tencent's Business Ecosystem
Press Release: EHGO Announces Major Equity Financing, With up to $20 Million to Facilitate Its Entry Into Tencent's Business Ecosystem
Market Chatter: Sunac Seeks Compensation for Botched Dalian Wanda Deal
Express News | Tencent Bought Back 1.7 Mln Shares for HK$703.3 Mln on Dec 20- HKEX Filing
Hong Kong Stocks Fall Marginally to Close Week in Red; Xiaocaiyuan International Jumps 14% in Debut
WeChat's New Features Likely to Boost Company's E-Commerce Sales -- Market Talk
CICC: Maintains the "outperform" rating on Tencent, with a target price of HKD 468.
CICC released a research report stating that it maintains TENCENT (00700) revenue and profit forecasts for 2024/2025, keeps the "outperforming the Industry" rating, and a Target Price of 468 Hong Kong dollars. The firm believes that under the current overall macroeconomic background, TENCENT's 2025 14x Non-IFRS P/E valuation gives investors a significant margin of safety, and the progress of WeChat e-commerce further proves that TENCENT has certain growth potential, which is expected to bring long-term sustainable returns to investors. Incident: On December 19, WeChat announced the official launch of the "gift sending" feature's grayscale test for WeChat stores, currently excluding the two major categories of jewelry and education.
Tencent and Honor Forge Wide-Ranging Partnership on AI and Cloud
Fubon Insurance has released the price for clearing 16.667% equity of its parent company, Tencent Weibo, which is valued at 70% of its worth three years ago.
① The transaction price for the Equity Transfer of Tengfubo is RMB 1.9 per share, with a total transfer price of RMB 0.236 billion; ② It is reported that in 2021, the Equity Transfer was RMB 2.61 per share, and three years later, Tengfubo's valuation has been discounted to 73%; ③ Tengfubo is the parent company of Tencent Weiba, established by Yimashentong and Fubon Property & Casualty Insurance, both subsidiaries of Tencent.
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