Settlement
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After the sharp rise in the China stock market, it has been on a continuous decline, dropping from nearly 30 to 22, undoubtedly causing great panic in the market, which may also be institutions or manipulators deliberately lowering the stock price for bargain hunting. The third quarter financial report is crucial.
HSBC Global Research forecasts that Tencent's domestic game revenue will grow faster in 3Q24 and 4Q24, driven by new titles like DNF: Origins and Valorant, along with sustained engagement in popular existing games. In contrast,$NTES-S (09999.HK)$’s revenue growth may slow year-over-year in 3Q24 due to tough comparisons with Justice and Eggy Party but should recover by 4Q24, aided by new games like Nara...
We had a nice breakout in some of these names thanks to yesterday's bazooka stimulus from the PBoC. Don't expect volatility to go away for this market. What's important is that the road is now being paved for a recovery in China's economy and support for the stock market. Beijing has shown it has the willingness to take drastic measures to stimulate. They have other ways of taking action, which we'll likely see i...
Despite a weakened stock market, China's leading internet platforms have shown resilience, according to CMSI. This is due to improved competition and earnings outlook. Companies like$PDD Holdings (PDD.US)$,$Tencent Music (TME.US)$, and$NetEase (NTES.US)$remain attractive for their business strength, market position, and valuation, even after recent declines. CMSI's top picks are$TENCENT (00700.HK)$, ...
Settlement : After the sharp rise in the China stock market, it has been on a continuous decline, dropping from nearly 30 to 22, undoubtedly causing great panic in the market, which may also be institutions or manipulators deliberately lowering the stock price for bargain hunting. The third quarter financial report is crucial.