HSBC noted that historically, internet companies' stock prices often fall shortly after issuing convertible bonds. Over the past three years, stock prices fell an average of 8% on the first day after the announcement and 23% by the 30th day.$MEITUAN-W(03690.HK)$,$TENCENT(00700.HK)$,$NTES-S(09999.HK)$, and$PDD Holdings(PDD.US)$might follow suit, with Meituan and Tencent being the most likely to issue convertible bon...
BABA announced a proposal to offer US$4.5 billion in 0.50% Convertible Senior Notes due 2031, with an option for an additional US$500 million. The offering is expected to close on 29 May 2024. Net proceeds are estimated at US$4.436 billion (up to US$4.93 billion if the option is fully exercised). BABA plans to use the proceeds to repurchase about 14.8 million ADSs at US$80.80 each, fund further share repurchases, and cover the US$573.75...
TENCENT repurchased 2.61 million shares on the Stock Exchange yesterday (22nd) at a price per share ranging from $376.8 to $386.6, involving a total of $1 billion, according to TENCENT's announcement. Since the ordinary resolution was passed, the Company has repurchased a total of 8.81 million shares, accounting for 0.09353% of the Company's issued shares. $TENCENT(00700.HK)$$Tencent(TCEHY.US)$$Hang Seng TECH Index(800700.HK)$
$TENCENT(00700.HK)$repurchased 2.61 million shares on the Stock Exchange yesterday (21st) at a price per share ranging from $379.8 to $393.4, involving a total of $1.003 billion, according to TENCENT's announcement. Since the ordinary resolution was approved, the Company has repurchased a total of 6.2 million shares, accounting for 0.06582% of the Company's share capital. $Tencent(TCEHY.US)$$Hang Seng TECH Index(800700.HK)$
Additional benefits include full reduction coupons available from June 3. The event also features AI products like GPU Cloud Server and Foundation Model Training and Reasoning Service.
$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$ $China Concept Stocks(LIST2517.US)$
There was HKD243.8 million, HKD114.9 million and HKD83.2 million Southbound Trading net outflow from $TENCENT(00700.HK)$ , $MEITUAN-W(03690.HK)$ and $CHINA MOBILE(00941.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , $BANK OF CHINA(03988.HK)$ was the most active ...
$XIAOMI-W(01810.HK)$ 's 1Q24 non-IFRS net profit rose 101%, far beating estimations. XIAOMI-W raised its full-year auto delivery target to 120,000 units, but its share price slid 0.1%. $NTES-S(09999.HK)$ 's 1Q24 non-GAAP net profit ...
Over the past three years, stock prices fell an average of 8% on the first day after the announcement and 23% by the 30th day. $MEITUAN-W(03690.HK)$ , $TENCENT(00700.HK)$ , $NTES-S(09999.HK)$ , and $PDD Holdings(PDD.US)$ might follow suit, with Meituan and Tencent being the most likely to issue convertible bon...
Net proceeds are estimated at US$4.436 billion (up to US$4.93 billion if the option is fully exercised). BABA plans to use the proceeds to repurchase about 14.8 million ADSs at US$80.80 each, fund further share repurchases, and cover the US$573.75...
$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$
Since the ordinary resolution was passed, the Company has repurchased a total of 8.81 million shares, accounting for 0.09353% of the Company's issued shares.
$TENCENT(00700.HK)$ $Tencent(TCEHY.US)$ $Hang Seng TECH Index(800700.HK)$
$Hang Seng TECH Index(800700.HK)$ -1.8%
$SSE Composite Index(800146.HK)$ -0.9%
$Shenzhen Component Index(399001.SZ)$ -1.12%
$CSI 300 Index(800122.HK)$ -0.81%
CSI Defense Index +0.5%
Since the ordinary resolution was approved, the Company has repurchased a total of 6.2 million shares, accounting for 0.06582% of the Company's share capital.
$Tencent(TCEHY.US)$ $Hang Seng TECH Index(800700.HK)$
Electric car stock $XPENG-W(09868.HK)$ opened surging 9.6% after narrowing its loss to RMB1.37 billion in the first quarter, significantly beating market expectations. $LI AUTO-W(02015.HK)$ and $NIO-SW(09866.HK)$ open...
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