Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
SensorTower: "Whiteout Survival" steadily occupies the top spot on the overseas mobile game revenue chart.
Sensor Tower, a store intelligence platform, released the revenue and download rankings of Chinese mobile games in the overseas market in August 2024.
Netease-S (09999.HK): steady gaming; expected growth driven by PC games in the second half of the year; repurchase has accelerated
Q2 mobile game growth outperformed the industry and performed well. According to the financial report, Netease's Q2 revenue was 25.5 billion, YoY +6%; operating profit was 7 billion, YoY +15%. Q2 game and value-added business revenue YoY +6.7% to 20.1 billion, gross margin YoY +2.6pct to 70%, further improving at a high level. In terms of components, mobile game revenue was 14.7 billion, YoY +16%, client game 4.55 billion flat YoY, value-added business 0.78 billion YoY -50% (CC live broadcast adjustment). Mobile game double-digit growth continues to outperform the industry (mobile game industry Q2 YoY -5.7%), according to DooDoo data, Q2 "Dream Journey" and "Identity V" showed strong YoY growth, "Nishuihan Mobile Game" contributed YoY growth, but "Egg Baby" declined significantly. According to the deferred backtest, Q2 achieved a YoY growth of 5% in revenue, which is already good in Q2 with fewer new products.
Sensor Tower: In August, Chinese manufacturers accounted for 37.3% of the revenue of the top 100 mobile game publishers in the world.
Sensor Tower's Store Intelligence platform shows that in August 2024, a total of 34 Chinese manufacturers made it to the top 100 global mobile game publishers' revenue list.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
Futu Morning News | Rate cut countdown! US stocks continue to break records; Bank of America: Long the seven giants of US stocks is still the most crowded trade.
"New美联储通讯社": The situation is complex, and there are still doubts about the magnitude of the Fed's first rate cut; if the Fed's first cut is done "properly", the record-breaking betting on a significant rate cut may face huge risks; Apple's iPhone 16 series pre-order sales in the first weekend fell short of expectations, analysts: the long-term outlook remains optimistic.
US stocks closed | S&P and Dow set new intraday highs, Chinese concept stocks performed well, li auto inc rose more than 12%.
In the late trading session, the US stock market saw a significant decline, but the S&P 500 index rose for the seventh consecutive day, and the Nasdaq and semiconductor index erased gains of more than 1%, with Intel rising 8% and closing up 2.7%, while Nvidia declined 1%. The Chinese concept index rose nearly 2%, and Li Auto Inc. rose more than 12%.
Is NetEase (NASDAQ:NTES) A Risky Investment?
U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.
The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.
Goldman Sachs: Rated netease as "buy" with a target price of HK$179.
The company will also actively accelerate repurchase and is expected to provide stable returns to shareholders with potential for upward growth.
Goldman Sachs quoted Netease (09999.HK) as saying that the revenue of the PC version of "Dream Journey to the West" has stabilized, but "Revelation" is under pressure due to its high base.
Goldman Sachs research report quotes Netease (09999.HK) management as saying that the performance of "Fantasy Westward Journey" on PC continues to stabilize, the user engagement of "Endless War" meets expectations, "Once Human" and the return of Blizzard to the mainland will contribute to third-quarter earnings, but "Nishuihan" will face pressure on year-on-year revenue growth due to its high base. The company's expenditure ratio is expected to remain roughly the same.
Netease-S (09999.HK): The stock games remain resilient, but the exchange rate gains and losses have dragged down the current profit performance; pay attention to the follow-up product line.
Netease achieved revenue of 25.486 billion yuan in Q2 24 (yoy +6.14%, qoq -5.08%), with gaming and related value-added services revenue of 20.056 billion yuan (yoy +6.69%, qoq -6.54%); Youdao business revenue was 1.322 billion yuan (yoy +9.5%); Innovation and other business revenue was 2.067 billion yuan (yoy +0.48%); Cloud music business revenue was 2.041 billion yuan (yoy +4.74%).
Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
US stocks closing | NASDAQ, S&P joined hands for four consecutive positives, US stocks' seven giants all rose, with Meta up nearly 3% and Nvidia up nearly 2%.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
US stocks closed: Technology breaks through to lift the index, Nasdaq and S&P jointly achieve four consecutive gains.
① After four consecutive days of gains, the S&P 500 index is still 1.3% away from its historical high. ② Warren Buffett's deputy sold more than half of Berkshire Hathaway's positions, causing the stock price to fall for the seventh consecutive day. ③ AirPods Pro transforms into an OTC hearing aid, with FDA approval for Apple's hearing assistance software. ④ Gilead's HIV prevention drug delivers positive results once again.
China Merchants Securities International: The stock prices of leading domestic internet platforms show resilience. Preferred choices are Tencent, Alibaba, and Bilibili.
China Merchants Securities International published a report stating that although the stock market has recently weakened overall, the stock prices of mainland leading internet platforms have still shown resilience. It is believed that this is due to the improvement of the competitive environment and the enhancement of profit prospects. After this quarter's performance, companies with large declines are still worth attention, such as PDD Holdings, Tencent Music, and Netease. These companies still have attractiveness in terms of business strength, market position, and valuation. The bank pointed out that the overall market position and profit capability of mainland leading internet platforms are still solid. Industry first choices: Tencent, Alibaba, and Bilibili, all given a "shareholding" rating, with target prices of HKD 474 and USD 126 respectively.
"Da Hang" china merchants securities' forecast of shareholder returns for Chinese internet stocks in the next 12 months (table)
China Merchants Securities released a report stating the predicted comparison of shareholder returns for Chinese Internet stocks in the next 12 months: Stock│Predicted Share Buyback Amount│Expected Share Buyback Yield│Dividend Yield│Total Yield Vipshop (VIP.US)│0.72 billion USD│10.4%│4.2%│14.6% JD.com (09618.HK)│2 billion USD│4.8%│3.5%│8.2% Alibaba (09988.HK)│12 billion USD│5.9%│1.2%│7.2% Netease (09999.HK)│0.6 billion USD│1.2%│3.4%│4
China Merchants Securities: The leading Internet platform shows resilience in the macro headwinds, with Tencent, Alibaba, and "B Station" as the top choices.
China Merchants Securities International released a report stating that although the overall stock market has been weak recently, the stock prices of leading mainland internet platforms have demonstrated resilience, attributed to the improvement of the competitive environment and the enhancement of profit prospects. After this quarter's performance, companies with larger declines are still worth paying attention to, such as PDD Holdings (PDD.US), Tencent Music (TME.US), and Netease (NTES.US). These companies still possess attractiveness in terms of business strength, market position, and valuation. The bank pointed out that the overall market position and profit capabilities of the leading mainland internet platforms are still solid. Preferred industry: Tencent (00700.HK).
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
US stock market closing: Bullish layers are stacked, Nasdaq staged a "deep V takeoff", Donald Trump concept stocks injured alone.
①Harris' favorable election situation led the pv concept stocks, with First Solar leading the S&P 500 index; ②Production cut rumors stimulated a sharp rise in the lithium sector; ③Russia considers restricting exports of certain strategic raw materials, leading to a collective increase in uranium producers; ④Trump's media technology fell more than 10%, hitting a new low after landing in the US stock market.