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.
Top private equity funds in China expose the 'US stock report': the proportion of Chinese concept stocks continues to rise, with PDD Holdings and Apple being the focus of differences in components.
In the third quarter of this year, most Chinese private equity firms, such as Hillhouse, Gao Yi, and Jinglin, remained focused on Chinese concept stocks. However, Hillhouse and Jinglin chose to reduce their shareholding in pdd holdings, while Gao Yi opted to continue increasing its stake in pdd holdings.
How do foreign investors adjust their positions in Chinese stocks? Alibaba and jd.com frequently appear in the news, while Buffett builds his position to 'lift' a Hong Kong stock.
① The 13F quarterly reports for US stocks have been released. How are Wall Street institutions adjusting their positions on Chinese stocks? ② Buffett's investment in domino's is boosting a Hong Kong stock. What are the highlights?