The “beef flavor” of Hong Kong stocks is getting stronger! The Hang Seng Index surged this week to welcome its strongest weekly performance in 12 years

The Zhitong Finance App learned that Hong Kong stocks can be described as having experienced a week that shocked the world. The Hang Seng Index is expected to have the best trend performance since 2011. The Hang Seng Index, the benchmark index for the Hong Kong stock market, can be described as having risen sharply since this week. It is expected to achieve a weekly increase of close to 10% at the close of Friday, accompanied by a sharp increase in trading volume and strong momentum. It was mainly stimulated by optimism brought about by strong profits from US tech giants such as Microsoft and Google, as well as a series of favorable news in the Chinese market, including the approval of Tencent games, the extension of Chinese developers' bonds, and the relaxation of Shanghai by the China Securities Regulatory Commission

Zhitong FinanceApr 26 03:47 ET

UBS: Raising Tencent Holdings (00700) Target Price to HK$438 Overlooked Overseas Gaming Recovery

The Zhitong Finance App learned that UBS released a research report saying that the target price of Tencent Holdings (00700) rose to HK$438, raising the earnings forecast per share from 2024 to 2026 by 3% to 4%. According to the report, the recovery in the overseas game business seems to have been overlooked by investors. Citing industry data, the Finnish mobile game company Supercell, which was acquired by Tencent in the early years, is expected to resume growth in the first quarter of this year, and revenue growth is expected to reach 82%. Since Supercell contributes about 10% of Tencent's game revenue, it is expected to directly benefit Tencent's growth. At the same time, its blockbuster “PlayerUnknown's Battlegrounds” has earned overseas revenue since the second half of last year

Zhitong FinanceApr 26 02:27 ET

Zhitong ADR Statistics | April 26

The three major US stock indices fell across the board on Thursday, and the Hong Kong ADR index rose. On a proportional basis, it closed at 16,287 points, up 35.77 points, or 0.22% from the Hong Kong closing market.

Zhitong FinanceApr 25 18:36 ET

Beishui Trends | Beishui Trading made a net purchase of 1.88 billion domestic bank stocks, and the Hong Kong Stock Exchange (00388) continues to be sought after by domestic investors

On April 25, in the Hong Kong stock market, Beishui made a net purchase of HK$1.88 billion, of which the Hong Kong Stock Connect (Shanghai) transaction made a net purchase of HK$1.705 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$175 million.

Zhitong FinanceApr 25 05:47 ET

Tencent Unveils Smart Mobility System for Automakers

China DailyApr 25 01:46 ET

Zhitong ADR Statistics | April 25

The three major US stock indices had mixed ups and downs. The Hong Kong stock ADR index rose. On a proportional basis, it closed at 16,254 points, up 3.29 points or 0.02% from the Hong Kong closing market.

Zhitong FinanceApr 24 18:38 ET