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Tencent's New Console Gamble: Can 'Last Sentinel' Redefine Future Gaming?
Tencent Holding Ltd (OTC:TCEHY) is taking a significant step in its global expansion by introducing "Last Sentinel," an ambitious console game set in a dystopian future in Tokyo. Developed by Tencent
Tencent Holdings (00700.HK) spent HK$403 million to repurchase 1.32 million shares on December 8
Glonghui on December 8 | Tencent Holdings (00700.HK) announced that it spent HK$403 million to repurchase 1.32 million shares on December 8, at a price of HK$301.2-309 per share.
Beishui added more than HK$600 million to Meituan and sold over HK$400 million of millet; Nanshui bought Kweichow Moutai for nearly 700 million yuan
Today, Southbound Capital received net purchases of HK$3.369 billion in Hong Kong stocks; Yingfu Fund and CNOOC received net purchases of HK$1,788 million and HK$525 million respectively; Northbound Capital received net purchases of 460 million yuan today, and Wave Information and Changan Motor received net purchases of $618 million and $465 million respectively.
Tongcheng Travel Shareholders to Vote Dec. 28 on Contract, Annual Cap Renewal With Tencent and Trip.com
Shareholders of Tongcheng Travel Holdings (HKG:0780) will meet on Dec. 28 to vote on the proposed renewal of several agreements with units of Tencent Holdings (HKG:0700) and Trip.com Group (HKG:9961).
Tencent (00700) to launch self-developed console game “The Last Sentinel”
In addition to independent research and development, in recent years, Tencent (00700) has also successively invested in many of the world's top game development studios
A quick look at the Hong Kong market | The Science Index fell 0.38%, the decline in domestic housing stocks widened at the end of the session, and Sunac China fell by more than 19%
Auto stocks declined one after another. Xiaopeng Motor fell nearly 6%, NIO fell more than 4%, and Ideal Auto fell nearly 3%; pharmaceutical stocks generally fell, Connoah fell more than 4%, and Pharmaceutical Biotech fell about 2%; gaming stocks bucked the market; MGM China rose more than 3%, and Galaxy Entertainment rose more than 2%.
Express News | A number of Internet companies took the lead in the New Year's Eve holiday
Express News | Macquarie reaffirms that Tencent Holdings outperforms market ratings and has a better cost structure to support profit visibility
Tencent Reveals Most Ambitious Game yet for Consoles Amid Global Expansion
Express News | Tencent Photonics Los Angeles Studio Launches Open World Game “The Last Sentinel”
Hong Kong Stock Afternoon Review | The Science Index rose slightly by 0.25%, automobile stocks and gold stocks were under pressure, and Xiaopeng Motor fell by more than 4%
Most Internet stocks rose, with Bilibili up more than 2%, Baidu and Alibaba up more than 1%; domestic housing stocks and property management stocks fell by more than 5%; China's overseas development fell by more than 4%; gaming stocks were popular; MGM China rose more than 2%, and Jinshan China Co., Ltd. rose more than 1%.
Bank Ratings｜Macquarie: Maintaining Tencent's “Outperforming Market” Rating Target Price of HK$455
Glonghui, December 8 | According to a report published by Macquarie, Tencent's user ecosystem is attractive and cohesive, combined with stable market positioning and a favorable revenue mix, providing visibility for sustainable growth. The bank expects video account monetization to drive continued growth in the advertising business even with competitive and cyclical factors. The bank maintained its “outperform the market” rating, with a target price of HK$455. According to the report, Tencent's cost structure supports profit visibility better. Although the recovery of the fintech and corporate services business may be lagging behind, I believe Tencent will maintain its steady gaming product line, overseas expansion, and ad wallet share
Prosus, the majority shareholder, reduced Tencent shares by 2% within one year, and the shareholding ratio has dropped to 24.99%
① How much has Prosus's shareholding ratio in Tencent Holdings declined to? ② Why is the majority shareholder Prosus still reducing its holdings? ③ Will Prosus reduce its Tencent holdings during the year?
Intraday quick overview | The three major indices rushed higher and fell, and the Index fell nearly 1%; auto stocks fell, Xiaopeng Motor fell about 5%
As of press release, the Hang Seng Index fell 0.33%, and the Science Index fell 0.77%; Internet stocks had mixed ups and downs. Tencent fell more than 2%, Meituan and Xiaomi fell more than 1%; pharmaceutical stocks fluctuated and fell, with Connoah falling more than 5% and Pharmaceutical Biotech falling nearly 3%; oil and gas stocks bucked the market, and CNOOC rose nearly 2%.
Repurchase collection on December 7 | Tencent Holdings, Pharmacology, etc. have bought back one after another. Among them, Tencent Holdings spent HK$402 million
According to Hong Kong Stock Exchange's December 8 disclosure documents, $Tencent Holdings (00700.HK) $ and $Pharmacology (02269.HK) $ have repurchased shares. ① $Tencent Holdings (00700.HK) $ repurchased 1.31 million common shares on December 7, involving an amount of HK$402 million. The repurchase price per share ranged from HK$311 to HK$304.2 million. The cumulative number of securities repurchased so far this year (since the adoption of the General Resolution) was 108 million shares, accounting for 1.128% of the number of shares issued at the time the General Resolution was passed. ② $Pharmacology Biology (0226
Express News | Prosus, the majority shareholder of Tencent, reduced its holdings of Tencent by another 513,500 shares, and the shareholding ratio fell to 24.99%
Selected announcements | Qiutai Technology: November camera module shipments increased 6.5% year on year; Shimao Group: Cumulative sales for the first 11 months were about 40.1 billion yuan
Hesheng Innovation Group: The total contract sales amount for the first 11 months was about 27.716 billion yuan, a decrease of 1.41% over the previous year; Connoah-B: The application for treatment of moderate to severe atopic dermatitis in adults was accepted by the State Drug Administration.
Roblox Is BTIG's Top Gaming Play 'Attractive' Valuation, Strong Free Cash Flow
Express News | WeChat: Further control of “self-media” irregularities
Express News | Tencent Holdings announced that it spent about HK$402 million to repurchase 1.31 million shares on the same day.