格隆汇8月19日丨腾讯控股(00700.HK)发布公告，2025年8月19日耗资5.5亿港元回购93.2万股，回购价格 每股583-596.5港元。 相关事件 腾讯控股(00700.HK)8月19日耗资5.5亿港元回购93.2万股 腾讯控股(00700.HK)8月18日耗资5.5亿港元回 购93.1万股 ...

腾讯控股(00700)发布公告，于2025年8月19日斥资5.5亿港元回购股份93.2万股，每股回购价格为583- 596.5港元。 ...

Group 1 - Tencent Holdings announced a share buyback plan, investing HKD 550 million to repurchase 932,000 shares [1] - The buyback price per share ranges from HKD 583 to HKD 596.5 [1]

第 1 頁 共 7 頁 v 1.3.0 | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1). | 已購回作註銷但尚未註銷的股份 | | 931,000 | 0.01015 % | HKD | 591.2352 | | | 變動日期 | 2025年8月18日 | | | | | | 2). | 已購回作註銷但尚未註銷的股份 | | 932,000 | 0.01016 % | HKD | 590.5673 | | | 變動日期 | 2025年8月19日 | | | | | 備註： 以上A部第1項的每股發行價為每股加權平均發行價。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年8月19日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第1 ...

Group 1 - The Hong Kong stock market experienced a decline, with the Hang Seng Technology Index dropping nearly 1%, impacting major stocks like BYD Electronics, Xpeng Motors, and NIO [1] - Tencent Holdings resumed share buybacks, repurchasing HKD 550 million worth of shares on August 18, leading the market in buyback amounts this year, totaling HKD 40.593 billion [1] - According to China Merchants Securities, Tencent's core gaming business remains strong, with AI enhancements improving advertising and other business lines, while the e-commerce ecosystem is gradually improving [1] Group 2 - Southbound capital has seen a net inflow of over HKD 94 billion this year, primarily directed towards AI and new consumption sectors, indicating a trend towards emerging industries [2] - The Hang Seng Technology Index ETF (513180) includes 30 leading Hong Kong tech stocks, focusing on the AI industry chain, with companies like Alibaba, Tencent, and Meituan identified as potential "seven giants" of Chinese tech [2]

| 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.08.18 | 93.10 | 595.500 | 587.000 | 55044.00 | | 2025.07.10 | 100.80 | 498.000 | 494.400 | 50034.87 | | 2025.07.09 | 100.50 | 504.000 | 495.200 | 50032.13 | | 2025.07.08 | 99.50 | 505.000 | 500.000 | 50031.26 | | 2025.07.07 | 100.20 | 502.000 | 494.400 | 50058.94 | | 2025.07.04 | 100.70 | 501.000 | 493.000 | 50026.92 | | 2025.07.03 | 100.40 | 503.000 | 495.000 | 50065.76 | | 2025.07.02 | 99.60 | 508. ...

Investment Rating - The report maintains a "Buy" rating for Tencent Holdings with a target price of HK$685.00, representing a potential upside of 17% from the current price of HK$586.00 [1][7][16]. Core Insights - Tencent's online gaming revenue grew by 22% year-on-year in Q2 2025, with domestic market growth at 17% and international market growth at 35%. The growth was driven by popular titles and new game launches [5][6]. - The advertising revenue increased by 20% year-on-year, supported by AI-driven improvements in ad targeting and user engagement [6][14]. - Financial technology and enterprise services also saw a 10% year-on-year growth, with significant contributions from commercial payments and cloud services [6][14]. - The adjusted operating profit margin reached 37.5%, up 120 basis points year-on-year, indicating improved profitability due to business expansion and higher margins from new services [7][14]. Financial Summary - Revenue projections for 2025 are estimated at RMB 748.6 billion, with a net profit of RMB 255.5 billion and an EPS of RMB 27.46 [8][14]. - The report anticipates continued growth in both domestic and international gaming segments, with revised growth expectations of 16% for domestic and 23% for international markets in 2025 [5][14]. - The adjusted operating profit margin forecasts for Q3 2025 and 2025 are raised to 38.5% and 38.0%, respectively, reflecting strong performance in high-margin business areas [14][15]. Valuation - The SOTP (Sum of the Parts) valuation for Tencent is set at HK$685.00, based on various business segment performance forecasts [16][17]. - The core gaming segment is valued at HK$2.1 trillion, while the advertising segment is valued at HK$1.5 trillion, both based on a 20x P/E ratio for 2025 [17][18].

Group 1 - Tencent Holdings announced a share buyback plan on August 18, 2025, with an expenditure of HKD 550 million to repurchase 931,000 shares [1] - The buyback price range is set between HKD 587 and HKD 595.5 per share [1]

腾讯控股(00700)发布公告，于2025年8月18日，该公司斥资5.5亿港元回购93.1万股。 ...

智通财经APP讯，腾讯控股(00700)发布公告，于2025年8月18日，该公司斥资5.5亿港元回购93.1万股。 ...