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[Brokerage Focus] Pu Yin International rates Tencent (00700) as a buy, bullish on the company's digital technology driving the development of its existing businesses such as advertising, gaming, and cloud.
Golden Finance News | Pu Yin International Development Research Institute stated that the bank participated in the 2024 Tencent (00700) Global Digital Ecology Conference from September 5th to 6th. The conference, with the theme of 'Smart Start, Cloud-Driven Growth', covered hundreds of special summits and industry forums. Tencent announced new products at the conference, including Hybrid Turbo and Tencent Cloud Intelligence. Hybrid Turbo significantly improves inference efficiency, reduces costs, and improves decoding speed, ranking first in China in the SuperCLUE evaluation ranking. The bank indicates that Tencent Cloud Intelligence is a high-performance computing, storage, and network integration intelligence computing platform that can provide
Orient Securities: Maintains a "buy" rating on Tencent Holdings (00700) with a target price of HKD 422.68.
Orient Securities expects Tencent's IFRS net income attributable to the parent company for 2024-2026 to be 188.6/218.4/245.4 billion yuan.
Zhītōng ADR statistics | September 10th.
On Monday, the three major stock indexes in the US rose collectively. HSI ADR rose, closing at 17,226.54 points, up 29.58 points or 0.17% from the Hong Kong closing.
Bulletin selection of Gronghui (Hong Kong stocks) ︱ Alibaba-SW (09988.HK) is included in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
Today's focus: Alibaba-SW (09988.HK) has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. Alibaba-SW (09988.HK) announced that according to the announcements issued by the Shanghai Stock Exchange and Shenzhen Stock Exchange, the company's common stocks traded on the Hong Kong Stock Exchange have been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, effective from September 10, 2024. After the inclusion, qualified investors from mainland China will be able to trade Alibaba Group's common stocks. Major event: Kinetic Development (01277.HK) has been included as the symbol for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. The symbol is Shunfeng Express (09699.
Tencent Holdings (00700.HK) spent HK$1.003 billion to buy back 2.72 million shares on September 9
Gelonghui September 9 | Tencent Holdings (00700.HK) announced that on September 9, 2024, it spent HK$1.003 billion to repurchase 2.72 million shares at a repurchase price of HK$365.4-371.2 per share.
Express News | Tencent Bought Back 2.7 Mln Shares for HK$1.00 Bln on Sept 9 - HKEX Filing
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