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Changes in Hong Kong stocks | China Mobile Games (00302) rose more than 4%, institutions say the next two new games may prove the ability of Chinese mobile games to develop themselves
China Mobile Games (00302) rose more than 4% in the afternoon. As of press release, it was up 4.03% to HK$1.55, with a turnover of HK$1,818,400.
Changes in Hong Kong stocks | Game stocks generally rose more than 8% during the Friendship Period (06820), and the institutional index sector gradually entered the profit recovery cycle
Gaming stocks generally rose. As of press release, Friendship Time (06820) rose 8.84% to HK$1.6; Tencent Holdings (00700) rose 4.22% to HK$320.8; and Xindong (02400) rose 3.58% to HK$13.88.
Changes in Hong Kong stocks | Game stocks continue their recent gains, agencies say “skits plus games” are expected to open up a new track in the game industry
Gaming stocks continued their recent gains. As of press release, Friendship Time (06820) rose 6.3% to HK$1.35; IGG (00799) rose 3.83% to HK$3.25; China Mobile Games (00302) rose 3.38% to HK$1.53; and Xindong (02400) rose 2.77% to HK$14.12.
Is CMGE Technology Group (HKG:302) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only n
Changes in Hong Kong stocks | Xindong Company (02400) rose more than 7%, leading game stocks, live interactive games, leaving the market, and industry prosperity continued to rise due to normalization of version numbers
Gaming stocks continued to rise. As of press release, Xindong (02400) rose more than 6.38% to HK$13.68; China Mobile Games (00302) rose 4.32% to HK$1.45; Jinshan Software (03888) rose 3.68% to HK$29.55; and Tencent (00700) rose 2.31% to HK$309.6.
CMGE Technology Group (HKG:302) Could Be Struggling To Allocate Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secon
Changes in Hong Kong stocks | NetDragon (00777) rose more than 4%, leading game stocks, domestic game market recovery in August, institutions are optimistic about industry recovery
Zhitong Finance App learned that gaming stocks continued to rebound. As of press release, NetDragon (00777) rose 4.16% to HK$14.52; Xindong (02400) rose 4.12% to HK$13.64; NetEase-S (09999) rose 3.62% to HK$166; and China Mobile Gaming (00302) rose 1.56% to HK$1.3.
China Grants 89 Licenses for New Games From China Mobile's Migu, CMGE, Kingnet
China issued licenses to 89 new online games in the country, according to a list published by the National Press and Publication Administration last week. Licenses were handed out to games developed b
Tianfeng Overseas: The marginal improvement in domestic economic data is optimistic about the valuation and cost performance ratio of Hong Kong stocks
Tianfeng Overseas released a research report saying that currently Hong Kong stock valuations are at a relatively low level, and many domestic economic data have improved marginally. It is expected that with steady growth and growth, market confidence is expected to gradually recover. The bank is still optimistic that Hong Kong stock market valuations will gradually recover from the current low level. Looking at the medium term, with the development of the Hong Kong Stock Science and Technology Network Company's AI model, it is expected that it will continue to attract additional capital allocations. Domestic side: 1) Data released by the National Bureau of Statistics on September 30 shows that as policy effects continue to accumulate, positive factors in economic operation continue to increase, the manufacturing purchasing managers' index, the non-manufacturing business activity index, and
Guotai Junan: Domestic versions resumed distribution in September, and the upward trend in the Internet game industry did not change
Guotai Junan Securities released a research report saying that on September 25, the State Administration of Press and Publication announced the approval information for domestic online games for September 2023. A total of 89 imported versions have been issued this time. The domestic game version has been reissued, and the version number is expected to stabilize and the industry's recovery momentum will not change. The recommended targets are Tencent Holdings (00700), NetEase S (09999), Xindong Company (02400), and Bilibili SW (09626). The main opinions of Guotai Junan Securities are as follows: the domestic version was reissued in September, and the quantity and quality of the version were stable, and the supply recovery did not change. A total of 89 domestic game versions have been distributed in this batch, since
Hong Kong Stock Concept Tracker | September Domestic Game Edition Released! AI Empowerment Supports Continued Valuation Recovery in the Gaming Sector (with Concept Stocks)
On September 25, the State Administration of Press and Publication released the approval information for domestic online games for September. A total of 89 games were approved.
Oriental Fortune: Maintains the “Buy” rating of the Chinese mobile game (00302) and raises the target price to HK$3.78
Dongfangcai believes that China Mobile Gaming (00302) has ushered in a product year, and the subsequent performance is worth looking forward to.
CMGE: Interim Report 2023
Bank of China International: Maintaining NetDragon's Buying Ratings and Opening Up New Markets for New Educational Tablets
Bank of China International released a research report stating that it maintained the “buy” rating of NetDragon (00777) and raised its net profit for 2023/24/25 to 938/12.46/1,514 million yuan. The game business is steady, revenue has reached record highs, and profit and revenue growth rates are better than the bank's previous expectations; the sales contribution of the new education tablet will gradually be reflected in the next few quarters, and the SaaS subscription service will bring additional performance. According to the report, NetDragon game revenue is growing steadily, and the “Magic Domain” IP continues to bring in revenue growth. 23H1 game revenue was 1,920 million yuan, +8% year-on-year, accounting for 52% of revenue;
Guotai Junan Securities: Maintains China's mobile game “increase” rating target price of HK$3.75
On September 1, Guotai Junan Securities released a research report, maintaining the “increase in holdings” rating for mobile games (0302.HK) and maintaining the target price of HK$3.75. According to the report, in the first half of 2023, 8 new mobile games were released, injecting new strength into financial losses and profits. Financial data turned a loss into a profit, with operating data picking up sharply. On the other hand, mobile games continue to increase research and development, and it is worth looking forward to the growth of the Xianjian product matrix in the second half of the year. Focusing on the results of the newly released semi-annual report, the report mentions outstanding game titles. “Legend of Sword and Fairy: Sword Waving and Asking”, which went live in the first half of the year, was released in '23 6
Time To Worry? Analysts Just Downgraded Their CMGE Technology Group Limited (HKG:302) Outlook
Today is shaping up negative for CMGE Technology Group Limited (HKG:302) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. There was a fairly draco
Understand the 2023 Interim Results of Chinese Mobile Games (00302.HK) in one picture
China Mobile Gaming (00302.HK)'s 2023 interim results achieved total revenue of 1,535 billion yuan, up 24.6% year on year; adjusted net profit of 76.17 million yuan, turning loss into profit year on year. Read it in one picture. The details are as follows:
Decoding China Mobile Gaming (0302.HK) Semi-Annual Report: Profitability Has Increased Significantly, and Multiple Layouts Empower Growth
This year, the game industry began to resume a fast-paced pace of development, and signs of sector recovery gradually became apparent. On the one hand, game version distribution has become normal, encouraging the emergence of more innovative and high-quality game titles. The number of domestic game versions approved this year has reached 610. If we calculate the average number of releases per month, the average number of monthly versions in 2023 will reach 87.2, far exceeding the average number of monthly versions of 66.86 in 2022. On the other hand, continued growth in sales revenue and user size shows the vitality and potential of the gaming market. According to the “Report on the Chinese Game Industry from January to June 2023”, from January 2023 to
China Mobile Games (00302) Announces Interim Results, Profit attributable to Shareholders of 56.824 million yuan, turned a year-on-year loss into a profit
Zhitong Financial App News, China Mobile Gaming (00302) announced its interim results for the six months ended June 30, 2023. Group revenue was RMB 1,535 billion (same unit), an increase of 24.55% over the previous year; profit attributable to shareholders was 56.824 million yuan, and a loss of RMB 21.901 million in the same period last year; profit of 2.06 points per share; the announcement stated that the group relied on its own advantages and accumulation in the field of game distribution and R&D. Combining its own superior intellectual property resources, it has established three major businesses: IP game development and global distribution, private IP operation, and Guofeng Metaverse platform The section created “IP Funding
CMGE: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023