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Tencent (00700.HK) repurchased 2.58 million shares on June 20, spending 1.002 billion Hong Kong dollars.
On June 20th, Gelunhui reported that Tencent repurchased 2.58 million shares at a cost of HKD 1.002 billion with a repurchase price of HKD 385.5-392 per share, which will be completed on June 20th, 2024.
Express News | Tencent Bought Back 2.6 Mln Shares for HK$1 Bln on June 20 - HKEX Filing
Tencent's Mobile Game Dungeon and Fighter Withdrawn From Major Android App Stores
[Brokerage Focus] Dongxing Securities maintains a "strong recommendation" rating on Tencent Holdings (00700), pointing to the potential for continued growth in its gaming business.
According to the research report by Dongxing Securities, Tencent (00700) released its Q1 2024 performance announcement, with revenue of CNY 159.5 billion (+6% YoY) and non-IFRS net income attributable to parent company of CNY 50.27 billion (+54% YoY). Looking forward to 2024, with the normal issuance of domestic game approvals, the company's game research and development is expected to continue to grow; the domestic macroeconomic recovery, advertising, digital content, financial payment, wealth management, and Tencent Cloud enterprise services will maintain stable growth. The bank continued to point out that with the domestic ...
[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.
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