03029 Global X Hang Seng ESG ETF
- 3.546
- +0.002+0.06%
Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.
Earnings Call Summary | Tencent(TCEHY.US) Q1 2024 Earnings Conference
The following is a summary of the Tencent Holdings (TCEHY) Q1 2024 Earnings Call Transcript:Financial Performance:Tencent reported Q1 2024 total revenue of RMB 160 billion, an increase of 6% year-on-y
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Tencent's net profit for the first quarter surpassed expectations, up 62% year on year, and will increase repurchase efforts in the future | Financial News
Video accounts, etc. are driving the growth of the advertising business and offsetting the decline in the game business. Tencent said that the cumulative repurchase of HK$14.8 billion in the first quarter reached a record high, and this year it will step up efforts to implement the 2024 repurchase plan of over 100 billion yuan.
Express News | Tencent reported first quarter revenue of 159.5 billion yuan, compared with market expectations of 158.81 billion yuan.
After the big rebound, the earnings reports of Ali and Tencent are here!
Buyback programs will be the focus of attention. Goldman Sachs said that Tencent's earnings report should also focus on game revenue and video channel advertising business. Ali's financial report should focus on Taotian GMV and profitability, and the growth of both cloud businesses is also worth looking forward to.
HSBC Analyst Sees Nvidia Stock Climbing Another 50% On Strong Pricing Power, AI Roadmap
HSBC Global Research maintained Nvidia Corp (NASDAQ:NVDA) with a Buy rating Monday and lifted its 12-month price target as the firm believes the chipmaker's strong pricing power will allow the company
HSBC Sees Blue Skies For Airline Industry, Forecasts Strong Recovery And Consolidation
HSBC analyst Achal Kumar initiated coverage on several airline stocks. The analyst writes that there is a continued recovery in corporate travel, stronger international demand, tighter capacity, and p
Airline Tracker: Delta, United and American Land Bull Ratings From HSBC
3M Raised to Buy at HSBC as Quality Company With Easing Headwinds
CRH And HSBC Collaborate On Strategic $300M Share Buyback, Aiming To Reduce Share Capital
CRH And HSBC Collaborate On Strategic $300M Share Buyback, Aiming To Reduce Share Capital
HSBC Downgrades Airbnb to Hold, Announces $156 Price Target
HSBC analyst Raymond Liu downgrades Airbnb (NASDAQ:ABNB) from Buy to Hold and announces $156 price target.
HSBC Maintains Hold on Kenvue, Raises Price Target to $21
HSBC analyst Jeremy Fialko maintains Kenvue (NYSE:KVUE) with a Hold and raises the price target from $20 to $21.
HSBC Maintains Buy on Ballard Power Systems, Lowers Price Target to $3.8
HSBC analyst Samantha Hoh maintains Ballard Power Systems (NASDAQ:BLDP) with a Buy and lowers the price target from $4.1 to $3.8.
HSBC Maintains Buy on Zoetis, Lowers Price Target to $225
HSBC analyst Morten Herholdt maintains Zoetis (NYSE:ZTS) with a Buy and lowers the price target from $230 to $225.
HSBC Maintains Hold on Truist Finl, Raises Price Target to $41
HSBC analyst Saul Martinez maintains Truist Finl (NYSE:TFC) with a Hold and raises the price target from $40 to $41.
HSBC Maintains Hold on GLOBALFOUNDRIES, Raises Price Target to $50
HSBC analyst Frank Lee maintains GLOBALFOUNDRIES (NASDAQ:GFS) with a Hold and raises the price target from $43 to $50.
HSBC Maintains Buy on Goodyear Tire & Rubber, Lowers Price Target to $15.9
HSBC analyst Wesley Brooks maintains Goodyear Tire & Rubber (NASDAQ:GT) with a Buy and lowers the price target from $16.8 to $15.9.
The S&P 500 Has Fallen From Its Five-month Positive Performance - HSBC Global
HSBC Maintains Buy on Linde, Lowers Price Target to $452
HSBC analyst Martin Evans maintains Linde (NASDAQ:LIN) with a Buy and lowers the price target from $458 to $452.