Tencent Music Entertainment Group's (NYSE:TME) Three-year Earnings Growth Trails the Respectable Shareholder Returns
Major bank rating | Goldman Sachs: The expectation is that the domestic gaming Industry remains a defensible investment choice.
Goldman Sachs published a report stating that despite macro and policy uncertainties this year, the domestic gaming industry is still expected to be a defensive investment choice. Leading stocks Tencent and NetEase are likely to achieve growth above the industry average by leveraging their strong product pipelines to expand in overseas markets. The firm prefers the music streaming platform Tencent Music, which has a stable market structure and penetration potential, as well as Bilibili, which has growth potential in advertising market share. Among them, the firm expects both Tencent and Tencent Music to achieve stable profit growth, with revenues expected to increase by 8% to 10% and a modest expansion in profit margins. Additionally, Tencent's international gaming growth and e-commerce development, along with Tencent Music's subscriptions and usage...
Hong Kong stocks morning report on January 20: The Securities Regulatory Commission has approved GTJA to absorb and merge HAITONG SEC. This year, there will be a large increase in southbound funds' Shareholding in the three major state-owned Banks.
① The Securities Regulatory Commission has agreed to GTJA's absorption and merger with HAITONG SEC and to raise matching funds. ② Financial Secretary Paul Chan Mo-po will attend the Davos Annual Meeting. ③ This year, southbound funds have significantly increased their Shareholding in the three major state-owned Banks. ④ CITIC SEC's profit in 2024 is nearly 22 billion yuan.
Trump Told Advisers He Wants to Visit China as President
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
Hong Kong stocks early news on January 17: USA's retail growth in December was lower than expected, with mixed trends for Chinese concept stocks in US markets.
① Retail sales in the USA grew by 0.4% month-on-month in December, which is below market expectations. ② The number of people applying for unemployment benefits for the first time in the USA last week increased by 0.014 million to 0.217 million. ③ The three major indices of the US stock market collectively fell on Thursday, with China Concept Stocks fluctuating. ④ The World Bank warns that Trump's tariff policy may hinder this year's Global economic growth. ⑤ Federal Reserve official Waller stated that if the inflation rate declines, the rate cuts may be stronger than market expectations.
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