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Express News | Tencent Music Entertainment Group Announces Management Change
智通ADR Statistics | July 26th
The HSI ADR rose, closing at 17044.91 points, up 39.94 points or 0.23% from the Hong Kong market.
Zhitong ADR Statistics | July 25
The HSI ADR fell, closing at 17,230.12 points, down 80.93 points or 0.47% from the Hong Kong market close.
Brokerage Focus: China Merchants maintains a "strongly recommended" rating for Tencent Holdings (00700), expecting its profit growth to continue to perform well.
China Merchants Securities released research reports, stating that Tencent (00700) is expected to release its Q2 2024 performance report soon. The bank predicts that the company will achieve a total revenue of 161.5 billion yuan in Q2, a year-on-year increase of 8%, with Non-IFRS net income attributable to the parent of 48.8 billion yuan, a year-on-year increase of 30%. The bank believes that: 1) online games business: DnF mobile game has performed well since its launch, and growth in the second half of the year is expected to continue to recover. 2) social networking business: the video account live streaming ecosystem is gradually improving, and paid members for video and music are steadily increasing. 3) online advertising business: video account advertising continues to grow, and AIGC empowers the business.
Hong Kong stock concept tracking | The first Esports Olympics will be held in Saudi Arabia in 2025, and the Esports industry chain is developing rapidly on a global scale. (Attached is a list of concept stocks)
The first Esports Olympics will be held in Saudi Arabia in 2025.
Zh Tong ADR statistics | July 24th
HSI ADR fell and closed at 17,448.73 points, down 20.63 points or 0.12% from the Hong Kong market close.
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