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[Brokerage Focus] Citigroup expects the impact of DNF mobile game and some Android stopping cooperation on Tencent's business and stock price to be positive.
Kingold Financial News | Citigroup has published a report stating that two recent news related to Tencent (00700) games operating on the Android platform have attracted attention. 1) Dungeon and Fighter: Origins (DNF mobile game) announced that it will stop working with some Android channels and users need to download the game from the official website again. 2) It is reported that Tencent and Huawei are about to reach an agreement to allow WeChat to operate on the Harmony platform. Citigroup believes that if these developments come to fruition, they will have a positive impact on Tencent's business and stock price. The bank believes that in the long run, these changes may affect Tencent's business model and
Citigroup: Maintains a buy rating for Tencent (00700) with a target price of HKD 515.
Zhixin Finance learned that Citigroup released a research report stating that it maintains its "buy" rating on Tencent (00700) with a target price of HKD 515. The report stated that there were two reports of Tencent (00700) games operating on the Android system on June 19. One is that the media pointed out that Tencent's new game "Dungeon and Fighter: Origin" (DNF mobile game) announced that it will no longer be available on some Android platforms, and players must download it again on its official website from today onwards. The other is that Huawei is reportedly reaching an agreement with Tencent to allow WeChat to fully operate on its Harmony OS system without any need to.
Suspension of Tencent's Mobile Game on Android Could Bode Well for Margins -- Market Talk
0303 GMT - The suspension of Tencent's Dungeon & Fighter mobile game on some Android channels could bode well for the gross margins of the Chinese technology company's value-added services, Citi analy
Huawei's Potential Fee Shakeup Could Benefit Chinese Game Developers -- Market Talk
Huawei's potential fee shakeup could be a win for Chinese game developers, Morningstar analyst Ivan Su says in a research note. Huawei might lower its app store commission fee to 20% from the typical 30% for game developers and it is also nearing a deal to exempt Tencent's WeChat from paying any app store fees, according to a media report.
[Exclusive Big V] Deng Shengxing: The tension in the Middle East continues, and the oil price has reached a seven-week high.
Jingu financial news | The Hang Seng index closed at 18430 on Wednesday (19th), up 514 points or 2.9%. The total daily turnover of the market was 112.758 billion yuan. The national index rose 219 points or 3.5% to 6587; the Science and Technology index rose 135 points or 3.7% to 3832. The overall blue chips were good, with only two blue chips down for the whole day. Tencent (00700) rose 3.2%; Alibaba (09988) rose 2.9%; Hong Kong Stock Exchange (00388) rose 2.8%; the overall automobile stocks were good. Geely (00175) rose 3.9%; Chang'an (02333) rose 4.8%; Dow Jones on Wednesday (19th)
Tencent's 'New Game King' is launched.
Boycott Android channels.
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