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CICC: Maintains a "outperform" rating on Tencent Holdings (00700) with a target price of HKD468.
CICC raised Tencent's (00700) 2024/2025 Non-IFRS net income to 223.7/255.6 billion yuan.
Wisdom Express ADR statistics | August 15th
On Wednesday, the three major US stock indices rose collectively, while HSI ADR fell and closed at 17025.02 points, down 88.34 points or 0.52% from the Hong Kong market close.
Tencent Holdings Limited (TCEHY) Q2 2024 Earnings Call Transcript Summary
Apple in Talks on WeChat Mini Games Revenue From In-App Transactions, Tencent Says
Glory announcement selection (Hong Kong stocks) | Tencent Holdings (00700.HK) second quarter revenue of 161.117 billion yuan, net income increased significantly by 82% YoY.
Today's focus: Tencent Holdings' (00700.HK) second-quarter revenue was 161.117 billion yuan, and net income increased by 82% year-on-year. Tencent Holdings (00700.HK) announced that for the three months ended June 30, 2024, the company's revenue was RMB 161.117 billion, an increase of 8% year-on-year; gross profit was RMB 85.895 billion, an increase of 21% year-on-year; net income attributable to equity holders of the company was RMB 47.63 billion, an increase of 82% year-on-year; and basic earnings per share were RMB 5.112. Divided by business, the revenue of value-added services business in the second quarter of 2024
During Tencent's Q2 conference call, it was mentioned that the demand for AI in China is growing rapidly. They are currently in negotiations with Apple regarding the revenue of iOS mobile games and plan to release a mobile version of the game 'Fearless Ag
Tencent said that fintech and gaming businesses will drive continuous profit growth. The company will continue to increase its AI investment and actively explore the integration of AI technology into its games and digital content products to drive business growth.
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