Here's the Major Earnings Before the Open Tomorrow
Game business is recovering; Tencent's Q3 non-GAAP net profit increased by over 30% and over 3,000 people were recruited.
① In the third quarter, Tencent's adjusted net income reached 59.81 billion yuan, far exceeding the market expectation of 54.37 billion yuan, a year-on-year increase of 33%; ② The biggest highlight of Tencent's quarterly report is that value-added services have significantly recovered, mainly due to the rebound in the gaming business.
Bilibili Price Target Raised to $21 From $17 at Mizuho
Express News | Popular china concept stocks in pre-market trading are broadly rising, with bilibili up over 4%, ke holdings and xpeng autos up over 2%, and nexeon, alibaba, and jd.com up over 1%. The u.s. market china assets etf is up in pre-market trading, with the 3x
U.S. stock unusual movement | Bilibili rose more than 3% pre-market, institutions expect third-quarter performance to be a key catalyst for stock prices.
格隆汇 November 13th | Bilibili (BILI.US) pre-market rose by 3.42%, reaching $21.8. Daiwa Securities issued a research report indicating that Bilibili's performance in the third quarter may be a key catalyst for the stock price, expecting it to achieve a balance of profit and loss in the third quarter of this year. The firm believes that the visibility of Bilibili's profit trajectory is becoming clear, and it is believed that its advertising and gaming business may become the two main pillars driving further profit growth in the future. Daiwa is optimistic about the trajectory of profit margin expansion, expecting the gross margin in the third quarter to increase by 4.6 percentage points to 34.5% on a quarterly basis, projecting Bilibili's earnings per share for the fiscal years 2024 to 2026.
Hong Kong stock concept tracking | Tencent announced its third-quarter report today, institutions are bullish on the gaming sector's improvement in business outlook (with concept stocks).
Tencent will announce its third quarter performance on November 13th.