Express News | Shares of US-listed Chinese Stocks Are Trading Higher After China's Sept. Retail Sales and Industrial Production Data Beat Estimates
Express News | Ishares MSCI China ETF up 5.4%, Kraneshares CSI China ETF up 6.1%, ishares China Large-Cap ETF up 5%
Express News | Li Auto up 6.7%, JD.com up 4.9%, NIO up 6%, Xpeng up 6.6%
Express News | Alibaba up 3.4%, Bilibili up 7.5%, Tencent Music Entertainment up 4.5%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket on Central Bank Measures to Boost Domestic Market
China's 3Q Growth Print Calls for More Stimulus
Lyon: Lowered tencent music-SW (01698) target price to 62.2 Hong Kong dollars, reiterating the 'outperform' rating.
Key focus areas for the quarter include management's disclosure of the Super VIP (SVIP) program, as well as the net growth trend of paying users.
CICC: First initiate a 'outperform' rating on Netease Cloud Music (09899) with a target price of 165 Hong Kong dollars.
Compared with tencent music (01698), cloud music prioritizes scale over pricing, is in the relatively early stage of user monetization, and has laid a good foundation for converting paid users and expanding profits.
Hong Kong stocks morning report on October 18th: European Central Bank cuts interest rates by 25 basis points, with most popular China concept stocks experiencing declines.
①The European Central Bank announced a 25 basis point rate cut. ②US retail sales data for September exceeded market expectations. ③The three major US stock indexes fluctuated last night, with most popular China concept stocks falling. ④Spot gold, COMEX gold futures both hit historic highs. ⑤Israel confirms Hamas leader Sinwar was killed.
US stocks close: The three major indexes move in different directions, with the Dow Jones continuing to hit new historical highs, and Taiwan Semiconductor surging nearly 10%.
1. Many popular China concept stocks fell, with the Nasdaq China Golden Dragon Index dropping by 3.61%; 2. Meta collaborates with Hollywood's Blumhouse to develop an AI movie generation model; 3. Is "Optimus Prime" a marketing gimmick? Tesla's official release video attempts to respond to doubts; 4. Nvidia hit a new intraday high, but the closing gain narrowed to 0.89%.
Express News | Shares US-listed Chinese Stocks Are Trading Lower Amid Continued Stimulus Uncertainty
China's Latest Round of Property Stimulus Fails to Inspire Markets
Tencent Music Partners With G-Dragon for Major Southeast Asia and Global Tour
Express News | Tencent Music Entertainment Group Inks Strategic Partnership With Galaxy Corporation
U.S. stocks unusual movement: tencent music rose 4% pre-market, Citigroup is bullish on its stable subscription revenue growth and good profit visibility.
Tencent Music (TME.US) rose 4% in pre-market trading to $12.74. On the news front, Citigroup released a report stating that Tencent Music's third-quarter total revenue is expected to increase by 7% year-on-year to 7 billion yuan, in line with market expectations. Among them, online music revenue is expected to rise by 23% year-on-year to 5.57 billion yuan, primarily driven by a 21% annual growth in subscription revenue, while the number of paying users is expected to increase by 15.3% year-on-year to 0.119 billion. Citigroup maintains a "buy" rating on Tencent Music with a target price of $15, bullish on its stable growth in subscription revenue and good profit visibility, and expects the company's net income to grow in the third and fourth quarters respectively.
Express News | JD.com Down 6.6%, Li Auto Down 3.2%, NIO Down 2.5%, Xpeng Down 2.1%
Express News | Shares of US-listed Chinese Stocks Are Trading Lower After China's September Exports Missed Estimates
6-K: Report of foreign private issuer (related to financial reporting)
Express News | PDD Holdings Down 4.2%, NetEase Down 3.4%, Baidu Down 3.6%
Tencent Music - SW (01698.HK) will hold a board of directors meeting on November 11th to approve the third quarter performance.
Gelonghui, on October 14th, tencent music-SW (01698.HK) announced that the board of directors will review and vote on the unaudited performance and announcements for the three months ending on September 30, 2024 ("Third Quarter Performance Announcement") on November 11, 2024 (Monday).