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Zhitoon ADR statistics | June 21
Intelligence Finance App learned that on Thursday, the three major US stock indices rose and fell unevenly, while the HSI ADR fell. Calculated proportionally, it closed at 18,203.04 points, down 132.28 points or 0.72% from the close in Hong Kong. Major blue chips were almost all down, with HSBC Holdings closing at HKD 69.157, up 0.96% from the close in Hong Kong; Tencent Holdings closed at HKD 384.577, down 0.78% from the close in Hong Kong.
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Tencent's Mobile Game Dungeon and Fighter Withdrawn From Major Android App Stores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