Everbright Securities pointed out that core CPI remains weak, and PPI continues to bottom out. Huachuang Securities noted three hidden pressures on demand based on July’s price data. This year:1) Property income growth has declined rapidly, potentially dragging down discretionary consumption significantly.2) The month-on-month rise in dining-out prices was weaker than ...
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China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home. Source: China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
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Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.
$Tencent (TCEHY.US)$ Tencent Q2 FY2024 earnings conference call is scheduled for August 14 at 8:00 EDT /August 14 at 8:00 PM SGT / August 14 at 10:00 PM AEST. Subscribe to join the live earnings conference with management NOW! Beat or Miss? What do you expect from Tencent's Q2 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what management has to say! Disclaimer: This presentation is for inform...
PPI y/y and m/m remained steady. PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%. Month-on-Month Analysis: Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%. Coal prices remained stable, with th...
Gradual recovery in consumption and the rainy season help turn the CPI m/m to positive. The core CPI rose by 0.3% y/y, from -0.1%. Food prices rose by 1.2% y/y, from -0.6%. Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather. Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June. For y/y price changes Food, tobacco & liquor +0.2% Clothing +1.7% Accomodation +0.1% Necessities & services +0.7% Transportation & Communication -0.6% Education, Culture & Entertainment ...
TENCENT will announce its 2Q results on August 14. Benefiting from game revenue growth in China, increased ad revenue from AI and video, and improved gross profit margins, 14 brokers expect TENCENT's 2Q24 non-IFRS net profit to be between RMB46.837 billion and RMB50.2 billion, marking a 24.7%-33.7% YoY increase. The median forecast is RMB48.11 billion, up 28.1% YoY. Additionally, 7 brokers expect TENCENT's net profit to range from RMB35.7 bill...
Tencent Games announced that the overseas version of its game “Arena Breakout: Infinite” will launch next Tuesday (13th) with no account limits. This season features a new frontline fortress map, new weapons and equipment, elimination replays, and spectator viewing angles. The minimum graphics card requirements have been optimized and reduced to GEFORCE GTX960. Pre-download opens at 10:00 a.m. Beijing time next Monday (12th...
Jefferies reported on the latest approval of 105 domestic online games by the National Press and Publication Administration (NPPA) in July, highlighting ongoing support for the industry. $TENCENT (00700.HK)$Highlights: Top Performer: Tencent's Dungeon and Fighter Mobile (DNF Mobile) has consistently led the iOS game revenue chart. Revenue Forecast: Jefferies revised the expected revenue for DNF Mobile from RMB19 billion to RMB24 billi...
Huachuang Securities noted three hidden pressures on demand based on July’s price data. This year:
Among the major techs, $BABA-SW (09988.HK)$ opened flat at $77.85. $TENCENT (00700.HK)$ inched up 0.5% at $372. $MEITUAN-W (03690.HK)$ dipped 0.3%. $XIAOMI-W (01810.HK)$ entered the top three in Japan in terms of mobile phone shipments, but its st...
Mostly dominated by china companies
$Tencent (TCEHY.US)$ $TENCENT (00700.HK)$ $Ping An Insurance (601318.SH)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $IBM Corp (IBM.US)$ $Alibaba (BABA.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ $ByteDance (FT0001.FT)$ $ByteDance Ecosystem (BK1266)$ $Microsoft (MSFT.US)$ $Huawei Hongmong (BK0795)$ $NetEase (NTES.US)$ $CHINA MOBILE (00941.HK)$ $State Grid Information & Telecommunication (600131.SH)$ $Adobe (ADBE.US)$ $Sony Group (6758.JP)$ $Sony (SONY.US)$ $ICBC (01398.HK)$ $SIEMENS AG (SIEGY.US)$
Tencent Q2 FY2024 earnings conference call is scheduled for August 14 at 8:00 EDT /August 14 at 8:00 PM SGT / August 14 at 10:00 PM AEST. Subscribe to join the live earnings conference with management NOW!
Beat or Miss?
What do you expect from Tencent's Q2 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what management has to say!
Disclaimer:
This presentation is for inform...
PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%.
Month-on-Month Analysis:
Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%.
Coal prices remained stable, with th...
The core CPI rose by 0.3% y/y, from -0.1%.
Food prices rose by 1.2% y/y, from -0.6%.
Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather.
Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June.
For y/y price changes
Food, tobacco & liquor +0.2%
Clothing +1.7%
Accomodation +0.1%
Necessities & services +0.7%
Transportation & Communication -0.6%
Education, Culture & Entertainment ...
The 2Q24 net profit of chip stocks $SMIC (00981.HK)$ / $HUA HONG SEMI (01347.HK)$ fell 59%/ 91%+ YoY, and their share prices mounted 7.3%/ 2.7%. HUA HONG SEMI decreas...
Additionally, 7 brokers expect TENCENT's net profit to range from RMB35.7 bill...
$TENCENT (00700.HK)$ Highlights:
Top Performer: Tencent's Dungeon and Fighter Mobile (DNF Mobile) has consistently led the iOS game revenue chart.
Revenue Forecast: Jefferies revised the expected revenue for DNF Mobile from RMB19 billion to RMB24 billi...
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