00700 TENCENT
- 380.600
- -14.400-3.65%
TENCENT News
[Broker Focus] Dongfang Wealth Securities maintains Tencent Holdings (00700)'s “increase in holdings” rating, indicating that its performance is expected to improve steadily
Jinwu Financial News | According to Dongfang Wealth Securities Research Report, Tencent Holdings (00700) released the financial report for the first quarter of 2024. During the reporting period, the company achieved operating income of 159.501 billion yuan, up 6.34% year on year, up 2.77% month on month; operating profit of 52,556 billion yuan, up 38.15% year on year, up 26.94% month on month; operating profit under non-international financial reporting standards was 58,619 billion yuan, up 19.30% month on month; company equity holders should account for 41,889 billion yuan year on year increase. 62.12%, month-on-month increase
Omdia: Global gaming revenue is expected to resume growth starting next year, and the market size will reach US$304 billion in 2028
Omdia expects global game revenue to resume growth from 2025, thanks to the revival of a series of blockbusters (including “GTA VI”), Nintendo's start of a new console cycle, and continued strong growth in in-game advertising.
Jefferies: Maintaining Tencent Holdings' (00700) “Buy” Rating Target Price of HK$475
Tencent Holdings (00700) expects operating capital expenditure to reach around 7% of revenue in 2024.
Tencent or the dark side of Investment Month continues to compete with Ali for the “No. 1 AI Investor”
On the 21st, according to all-weather technology news, the big model startup Moon's Dark Side is currently undergoing a new round of financing. Investors include Tencent and Gao Rong Venture Capital. If discussed, LLM startups with domestic valuations exceeding 1 billion dollars will basically have Ali and Tencent.
China Galaxy Securities: The return to normalization of game versions continues to be verified, and the industry as a whole ushered in an upward cycle
As the normalization of versions continues to be verified, new products are launched one after another. Currently, the supply side of the game industry is stabilizing, and the industry as a whole has ushered in an upward cycle.
Hong Kong Stock Concept Tracking | Version Distribution Accelerated Again! In May, 96 domestic online games were reviewed, and the game sector began to recover with the new product cycle (with concept stocks)
On May 20, the State Press and Publication Administration announced the approval information notice for domestic online games for May 2024. A total of 96 games have passed the review.
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) |May 21
According to data from the Zhitong Finance App, on May 16, the Bank of China (03988), Tencent Holdings (00700), and Zhongtong Express-W (02057) ranked in the top three in the market for net inflows of capital inflows to the south, with net inflows of 2,346 billion yuan, 1,135 million, 740 million dollars, Hang Seng China Enterprises (02828), and Meituan-W (03690) ranked in the top three in the market, with net inflows of -1,774 billion yuan, -842 million, and -517 million respectively Aspect, CIMC vehicle (01839),
Zhitong ADR Statistics | May 21
The three major US stock indices had mixed ups and downs. The Hong Kong stock ADR index fell. On a proportional basis, it closed at 16,158 points, down 93.10 points or 0.58% from the Hong Kong closing.
Huya Rises After J.P. Morgan Upgrades on Potential of New Monetization Driver
Tencent's big model launches a new brand
Value orientation.
Tencent Holdings (00700.HK) spent HK$1.04 billion to repurchase 2.54 million shares on May 20
On May 20, GLONGHUI | Tencent Holdings (00700.HK) issued an announcement. On May 20, 2024, it spent HK$1.04 billion to repurchase 2.54 million shares at a repurchase price of HK$393-399.8 per share.
Sensor Tower: Tencent's many games are growing strongly, leading the top iOS mobile game bestsellers and download lists in China
In the first quarter of 2024, major Asia-Pacific mobile game markets such as China, Japan, South Korea, and Southeast Asia all showed a slight upward trend.
Weibo Cut to Underweight as Morgan Stanley Expects Weak Growth to Continue
Stocks to Watch Next Week: Nvidia, Marks & Spencer, Ryanair and UK Inflation
Tencent Holdings (00700.HK) spent HK$415 million to buy back 1.05 million shares on April 17
On May 17, GLONGHUI | Tencent Holdings (00700.HK) issued an announcement. On April 17, 2024, it spent HK$415 million to repurchase 1.05 million shares at a repurchase price of HK$394.4-395 per share.
Trends in Beishui | Beishui Transaction's net purchase of 5.957 billion yuan of major real estate policies continues, and Beishui capital is grabbing domestic bank stocks and domestic housing stocks
On May 17, in the Hong Kong stock market, Beishui had a net purchase of HK$5.957 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$3.356 billion and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$2,601 billion.
Tencent's Top Shareholder Taps New Chief in AI Ramp-Up -- 2nd Update
By Christian Moess Laursen Tencent Holdings top shareholder Prosus and its parent company Naspers named Fabricio Bloisi as their new chief executive as the tech investors seek to chart a new course f
[Special V] Ye Shangzhi: There is a possibility that phased excitement will enter the short-term search for the peak
Jinwu Financial News | On May 16, Hong Kong stocks continued to develop a pattern of sharp gains and slight reversals. The Hang Seng Index rose more than 300 points, further testing to close at the level of 19,400 points, and hit a new high in nine months. Meanwhile, market trading volume also continued to increase and cooperate, recording over 200 billion yuan. This is the first time since January 30, 2023 that it has broken through 200 billion yuan in daily turnover. In fact, capital inflows are the biggest driving force for the market. Therefore, with the continuous return of capital, the liquidity of Hong Kong stocks has improved and increased, which is also a catalyst for the recent recovery in Hong Kong stock valuations. Currently, since Hong Kong stocks have already been released
Bank Rating | BOC International: Raising Tencent's Target Price to HK$457 to Maintain “Buy” Rating
According to a research report published by BOC International, Tencent's total revenue for the first quarter was 159.5 billion yuan, up 6% year-on-year and 3% quarter-on-quarter, in line with the bank's and market expectations. Gross margin and adjusted operating margin were 53% and 37% respectively, an improvement over the same period last year. Adjusted net profit was $50.3 billion, up 54% year-on-year, significantly faster than revenue growth; adjusted earnings per share of $5.26, up 57% year-on-year, exceeding the bank's and market expectations of 17% and 18%. The bank said it is considering that new games such as “Dungeons and Warriors” will soon be launched, while many old games such as “Wang Zhe Rongyao” have resumed growth, while at the same time deferred revenue for the first quarter
[Hong Kong Stock Connect] Tencent (00700) will release the mixed-element model app “Yuanbao” at the end of May
Jinwu Financial News | Jiang Jie, vice president of Tencent Group, revealed at the Tencent Cloud Generative AI Industry Application Summit that Tencent will release the big model app “Yuanbao” on May 30. According to reports, “Yuanbao” is based on Tencent's self-developed hybrid model. Previously, Tencent had already launched Tencent's mixed element assistant on its website and applet terminal. Additionally, he announced that Tencent's mixed Wensheng and Literature model will be open sourced in the third quarter.
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