Core Viewpoint - Tencent Holdings (00700.HK) announced a share buyback plan, intending to repurchase 839,000 shares at a cost of HKD 550 million, with a buyback price range of HKD 648 to HKD 669 per share [1] Summary by Category - **Company Actions** - Tencent plans to spend HKD 550 million to buy back 839,000 shares [1] - The buyback price is set between HKD 648 and HKD 669 per share [1] - **Financial Implications** - The total expenditure for the buyback is HKD 550 million, indicating a significant investment in its own shares [1] - The share repurchase may reflect the company's confidence in its financial health and future prospects [1]

FF305 | | | 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 | | 858,000 | 0.00937 % | HKD | 641.6494 | | | 變動日期 | 2025年9月24日 | | | | | | 2). | | 已購回作註銷但尚未註銷的股份 | 844,000 | 0.00922 % | HKD | 652.0152 | | | 變動日期 | 2025年9月25日 | | | | | | 3). | | 已購回作註銷但尚未註銷的股份 | 850,000 | 0.00929 % | HKD | 647.4374 | | | 變動日期 | 2025年9月26日 | | | | | | 4). | | 已購回作註銷但尚未註銷的股份 | 837,000 | 0.00914 % | HKD | 657.9676 | | | 變動日期 | 2025年9月29日 | | | | | | 5). | | 已購回作註銷但 ...

Core Viewpoint - The report from Jefferies maintains a "Buy" rating for Tencent Holdings (00700) and raises the target price from HKD 706 to HKD 794, highlighting AI-driven growth factors in marketing services and the acceleration of non-payment financial technology and cloud services [1] Group 1: Financial Performance - Tencent's revenue growth in marketing services is driven by multiple AI-related factors [1] - The financial technology and enterprise services sectors benefit from the acceleration of non-payment businesses, such as consumer loans, and cloud services [1] Group 2: Strategic Outlook - Jefferies reaffirms Tencent as a preferred stock for 2026, with AI expected to act as a growth catalyst across various business areas [1] - The company's third-quarter online gaming product mix strategy is driving growth, with a continued focus on creating top-tier gaming titles [1] Group 3: Product Development - The game "Delta Action" is anticipated to reach a new daily active user milestone by September 2025, expected to become another evergreen title for the company [1]

Core Viewpoint - The report from Jefferies maintains a "Buy" rating for Tencent Holdings (00700) and raises the target price from HKD 706 to HKD 794, highlighting AI-driven growth factors in marketing services and the acceleration of non-payment financial technology and cloud services [1] Group 1: Financial Performance - Tencent's revenue growth in marketing services is driven by multiple AI-related factors [1] - The financial technology and enterprise services sectors benefit from the acceleration of non-payment businesses, such as consumer loans, and cloud services [1] Group 2: Strategic Outlook - Jefferies reaffirms Tencent as a preferred stock for 2026, with AI expected to act as a growth catalyst across various business areas [1] - The company's third-quarter online gaming product mix strategy has contributed to growth, with a continued focus on creating top-tier gaming titles [1] Group 3: Product Development - The game "Delta Action" is anticipated to reach a new daily active user milestone by September 2025, and it is expected to become another evergreen title for the company [1]

Group 1 - The Hang Seng Index experienced a decline of over 3%, with notable drops in major stocks such as SMIC down 7.49% to HKD 77.25, Alibaba down 4.73% to HKD 165.2, and Tencent down 4% to HKD 648.5 [1] - The recent rebound of the US dollar index has surpassed 99 points, indicating a shift in market dynamics [1] - IMF President Kristalina Georgieva highlighted in a speech that global stock prices surged due to optimism about AI's productivity potential, but warned that financial conditions could "suddenly turn," with current valuations nearing levels seen during the internet boom 25 years ago [1] Group 2 - Huatai Securities reported that the domestic AI narrative continues to evolve, with China having top-tier companies in various related fields, many of which are listed in Hong Kong [2] - The Hang Seng Tech Index has risen 45% this year, with nearly a 20% increase since August, driven by the resurgence of AI as a key trading theme in Hong Kong stocks [2] - The technology sector is expected to lead a new round of asset revaluation in Hong Kong stocks, with significant mid-term allocation value [2]

Group 1 - The Hang Seng Index experienced a decline of over 3%, with notable drops in major stocks such as SMIC down 7.49% to HKD 77.25, Alibaba down 4.73% to HKD 165.2, and Tencent down 4% to HKD 648.5 [1] - The recent rebound of the US dollar index has surpassed 99 points, indicating a shift in market dynamics [1] - IMF President Kristalina Georgieva highlighted in a speech that global stock prices surged due to optimism about AI's productivity potential, but warned that financial conditions could "suddenly turn," with current valuations nearing levels seen during the internet boom 25 years ago [1] Group 2 - Huatai Securities reported that the domestic AI narrative continues to evolve, with China having top-tier companies in various related fields, many of which are listed in Hong Kong [2] - The Hang Seng Tech Index has risen 45% year-to-date, with a nearly 20% increase since August, driven by the resurgence of AI as a key trading theme in Hong Kong stocks [2] - The technology sector is expected to lead a new round of asset revaluation in Hong Kong stocks, indicating significant mid-term allocation value [2]

Core Insights - Tencent Holdings has been actively repurchasing its shares, with a total of 3,242,000 shares bought back since August 18, amounting to HKD 20.372 billion, and a 14.10% increase in stock price during this period [2][3] - The company executed 99 repurchase transactions this year, totaling 12.1 million shares and a cumulative repurchase amount of HKD 60.414 billion [2][3] Repurchase Details - On October 9, Tencent repurchased 816,000 shares at prices ranging from HKD 666.000 to HKD 680.500, with a total expenditure of HKD 55.058 million [2] - The stock closed at HKD 675.500 on the same day, reflecting a slight increase of 0.07% [2] - The highest repurchase price recorded during the recent buybacks was HKD 683.000, while the lowest was HKD 586.000 [3][4]

腾讯控股（00700.HK）股份变动公告要点解读 三、回购授权状态 回购授权通过日期：2025年5月14日 已累计回购：6,989万股，占授权通过时已发行 股份0.76% 暂停期：股份回购后30天内暂停新股发行（至11月8日） 二、股份回购情况 回购期间：9月24日至10月9日，共计10个交易日 回购数量：合计8,397,000股，占已 发行股份约0.092% 回购价格区间：641.65-677.70港元/股 10月9日单日回购：81.6万股，耗资5.51亿港元 一、股份发行情况 发行新股：10月9日因员工行使2023年购股权计划，发行669,493股新股 行权价格： 每股320.63港元 总股本变化：从9,153,003,220股增至9,153,672,713股 ...

腾讯控股(00700)发布公告，于2025年10月9日，该公司斥资5.51亿港元回购81.6万股股份，每股回购价 格为666-680.5港元。 ...

格隆汇10月9日丨腾讯控股(00700.HK)公告，10月9日耗资5.5亿港元回购81.6万股。 ...