Net outflow of 0.47 billion Hong Kong dollars in the Hong Kong Stock Connect for CNOOC.
There is a net inflow from Beishui Nanxiang to Xiaomi Group (01810.HK), Innovent Bio (01801.HK), and Tencent (00700.HK), reaching 0.453 billion Hong Kong dollars, 0.368 billion Hong Kong dollars, and 0.203 billion Hong Kong dollars respectively. There is a net outflow from Beishui Nanxiang to CNOOC (00883.HK) and SMIC (00981.HK), reaching 0.47 billion Hong Kong dollars and 0.306 billion Hong Kong dollars respectively. The highest net capital inflow stock through the Shanghai-Hong Kong Stock Connect is China Mobile (00941.HK) with 0.324 billion Hong Kong dollars, while the highest net capital outflow stock is the tracker fund of Hong Kong (02800.HK) with 1.191 billion Hong Kong dollars.
Express News | Tencent and Bosch China deepen their strategic cooperation to promote the co-creation of intelligent driving and cockpit businesses.
Brokerage focuses: Citi raised tencent's (00700) target price to 500 Hong Kong dollars, expecting its third quarter total revenue to increase by 9% year-on-year.
King's Wealth News | Zhongxin Lian says that tencent's (00700) game performance stability is its solid support, the bank believes Tencent can handle macroeconomic challenges well. It is expected that strong game and advertising growth will drive total revenue/adjusted EBITA to increase by 9/18% to 168 billion/61 billion RMB in the third quarter of 2024. In terms of games, new heavyweight games DnF Mobile and Brawl Stars perform well, with revenue expected to increase by about 12% year-on-year; in terms of advertising, with the improvement of video ad push and increased traffic, revenue
Haitong Securities fund holding positions analysis for the third quarter of 2024: Increase positions in consumer stocks, reduce positions in energy and materials.
24Q3 public offering funds have not made significant changes to their investment strategy in the Hong Kong stock market, they continue to reduce their holdings in high-dividend sectors, especially reducing positions in energy and materials with significant previous gains, while primarily increasing positions in internet and other optional consumer sectors, and also slightly increasing positions in the autos and manufacturing sectors.
CICC raises Tencent's (00700.HK) target price to 500 yuan, gaming growth expected to accelerate due to deferred revenue and stable product pipeline.
Lyon's report pointed out that Tencent (00700.HK) has shown resilience in the face of macro challenges, with expected total revenue and adjusted EBIT growth of 9% and 18% year-on-year in the third quarter, reaching 168 billion and 61 billion RMB respectively, mainly driven by strong gaming performance and advertising growth. The bank believes that with the outstanding performance of mobile games such as "Dungeon & Fighter" and "Wild Rift", Tencent's third-quarter online game revenue is estimated to grow by 12% year-on-year. Advertising revenue is expected to rise by 16%, due to improvements in advertising technology and an increase in ad placements on video platforms. Additionally, with the accumulation of deferred revenue and stability in the gaming product pipeline.
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