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Hong Kong stocks morning report on November 21: The chairman of the Securities and Futures Commission, wu qing, met with the Financial Secretary of Hong Kong, paul chan mo-po. Canvest env received a privatization offer of 10 billion yuan from an A-share c
CSRC Chairman Wu Qing meets with Hong Kong Financial Secretary Paul Chan Mo-po.
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
Hong Kong stocks morning report on November 20: hkbn received a takeover offer from china mobile. goldman sachs recommends continuing to overweight A-shares and listed in hong kong.
1. hkbn received a takeover offer from china mobile. 2. goldman sachs recommends continued overallocation of a shares and h shares. 3. robin zeng said that the main listing in hong kong brings greater liquidity to alibaba stocks. 4. zto express reported a profit of nearly 2.4 billion yuan in the third quarter.
Research reports unearthed | China Merchants: Lowering tencent music target price to $15, lowering core earnings estimates for 2025 and 2026 fiscal years.
On November 19, Longtuohui reported that china merchants published a report indicating that tencent music's revenue for the third quarter was 7 billion yuan, reflecting a 7% year-on-year recovery (a decline of 2% in the second quarter), which met expectations. Subscription revenue grew by 20% year-on-year (29% year-on-year growth in the second quarter), also in line with expectations. The number of paid users reached 0.119 billion, an increase of 2 million from the previous quarter, slightly better than expected. ARPPU was 10.8 yuan, an increase of 0.1 yuan from the previous quarter. Non-subscription revenue grew by 20% year-on-year (up 24% year-on-year in the second quarter), slightly below expectations, mainly due to delays in some concert plans, while advertising revenue remained stable with a growth rate that exceeded expectations.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
China Merchants Securities lowered tencent music (TME.US) target price to $15, super members steadily advancing.
China Merchants published a report stating that Tencent Music-SW (01698.HK) had a revenue of 7 billion yuan in the third quarter, recovering 7% year-on-year (down 2% in the second quarter), which met expectations. Subscription revenue increased by 20% year-on-year (29% year-on-year growth in the second quarter), meeting expectations, with paying users reaching 0.119 billion, an increase of 2 million from the previous quarter, slightly better than expected. The ARPPU was 10.8 yuan, an increase of 0.1 yuan from the previous quarter. Non-subscription revenue increased by 20% year-on-year (24% year-on-year growth in the second quarter), slightly below expectations, mainly due to delays in certain concert plans, while advertising revenue is still being assessed.
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