Futu Research | Tencent Quarterly Report Preview: Operating profit is expected to surge by more than 20%, and business recovery is strong
Tencent
One-chart preview | Strong rise ahead of performance! Tencent's earnings report is coming, can it help the stock price continue to be bullish?
Amidst the joy and encouragement of Hong Kong stocks, the earnings season for large technology stocks has quietly arrived. The “stock king” Tencent, which has received much attention from the market, is scheduled to announce the results for the first quarter of 2024 on May 14.
Weekly outlook | US CPI data detonates the global market! Powell made his debut after a period of silence; China Securities earnings season has begun! Tencent, Ali, and JD earnings reports are coming
In addition, Baidu, iQiyi, Tencent Music, etc. will also announce their results next week; Japan will announce the initial GDP value for the first quarter, and the yen exchange rate trend will become the focus of the market; Hong Kong stocks will be closed for one day on Wednesday due to the Buddha's birthday.
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
The Internet giant's quarterly report is about to be released. The agency expects Baidu's artificial intelligence to become a highlight
① Why is Baidu's artificial intelligence business attracting market attention? ② What are most internet companies' expectations for the first quarter?
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
Opinion | The market is moving forward amidst hesitation, and Hong Kong stocks are moving towards a bull market
The reason is also very simple: believe in common sense and believe in a return to the mean.
Zhitong Hong Kong Stock Connect Active Trading | May 9
On May 9, 2024, Yingfu Fund (02800.HK), Tencent Holdings (00700.HK), and China Mobile (00941.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover of RMB 2,957 billion, RMB 1,162 billion, and RMB 1,157 billion respectively; Yingfu Fund (02800.HK), Tencent Holdings (00700.HK), and Meituan-W (03690.HK) ranked in the top 3 transactions of Shenzhen-Hong Kong Stock Connect (Southbound) The amounts were 1,760 billion yuan and 1,017 billion yuan, respectively, 9.08 billion yuan.
Tencent launched two new products in a row, Light Group and N1, and the social battle began again
Tencent is testing two new social products to test the waters of a new social circuit.
A quick look at the Hong Kong market | The three major indices rose sharply, and the Tech Index rose nearly 2%; TechNet stocks and Apple concept stocks improved, Meituan rose nearly 4%, and BYD Electronics rose more than 9%
Domestic housing stocks were popular. Shimao Group rose more than 33%, and Sunac China rose 10%; beer stocks rose by many stocks, China Resources Beer rose nearly 5%, and Budweiser Asia Pacific rose 4%.
Express News | Tencent has applied for a new trademark for social products
Overtaking GPT-4, the Chinese language ability is “the strongest on the surface”. Tongyi Qianwen 2.5 is here! Is the big domestic model entering the core arena?
Alibaba Cloud wants to become “the most open cloud in the AI era.”
One-picture preview | China Securities Earnings Season Begins! Can Ali and Tencent take the lead in unveiling the list, “add fire” to the market?
According to market opinion, this is a very important earnings season, and it will largely determine whether this rebound is a bust or a turning point.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and biotech stocks strengthened, Shimao Group rose more than 42%, and Ziding Pharmaceutical rose nearly 17%
Science and network stocks generally rose; Meituan rose more than 4%, and Bilibili rose nearly 3%; shipping stocks generally rose, with COSCO Maritime Control rising by more than 6%, and Orient Overseas International rising more than 5%.
The April ranking of Chinese mobile game revenue and downloads in overseas markets was released! “Last War” topped the revenue list, and “AFK Journey” reached the top of the growth list
In April 2024, the revenue and download rankings of Chinese mobile game products in overseas markets were released.
After the sharp rise, how do you understand the value of Hong Kong stocks in asset allocation, and how will the market develop in the future?
In the short term, the rise in Hong Kong stocks will rely more on improved risk appetite, and there is still some room for improvement in the Hang Seng Index's forward PE.
Changes in US dollar bonds | Tencent Holdings TENCNT 3.24 06/03/50, the price fell 1.574% to 64.708
TENCNT 3.24 06/03/50, issued by Tencent Holdings on May 9, fell -1.574% with a yield of 5.912% at a current price of 64.708.
“New” will be launched soon! The latest announcement from the Hong Kong Stock Exchange
Today, the Hong Kong Stock Exchange announced that it will launch 10 weekly stock option contracts, that is, adding current and next week contracts to the current monthly contract. These 10 stocks include HSBC Holdings, Hong Kong Stock Exchange, Tencent Holdings, Kuaishou Technology, BYD, Ping An, Meituan, JD, Baidu, and Alibaba.
Remedy Cancels Its Multiplayer Game Project With Tencent