Core Viewpoint - Tencent Holdings (00700) announced a share buyback of 883,000 shares for a total expenditure of HKD 551 million, with a buyback price range of HKD 619.0 to HKD 627.5 per share [1] Group 1 - Tencent Holdings executed a buyback on September 9, 2025, spending HKD 551 million [1] - The total number of shares repurchased was 883,000 [1] - The price range for the buyback was set between HKD 619.0 and HKD 627.5 per share [1]

Group 1 - Tencent Holdings (00700) announced a share buyback plan, committing HKD 551 million to repurchase 883,000 shares [1] - The buyback price is set between HKD 619.0 and HKD 627.5 per share [1]

Core Viewpoint - Tencent Holdings (00700.HK) announced a share buyback of 883,000 shares at a cost of HKD 550 million on September 9 [1] Group 1 - The company spent HKD 550 million on the buyback [1] - A total of 883,000 shares were repurchased [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 | | 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 | | | | | | 3). | | 已購回作註銷但尚未註銷的股份 | 934,000 | 0.01018 % | HKD | 589.7859 | | | 變動日期 | 2025年8月20日 | | | | | | 4). | | 已購回作註銷但尚未註銷的股份 | 928,000 | 0.01012 % | HKD | 593.584 | | | 變動日期 | 2025年8月21日 | | | | | | 5). | | 已購回作註銷但尚 ...

Core Viewpoint - The Hong Kong stock market experienced a strong rebound, with the Hang Seng Index and Hang Seng Tech Index both rising over 1%, reaching a nearly four-year high above 26,000 points, driven by significant gains in major technology stocks [1]. Group 1: Market Performance - The Hang Seng Index surpassed the 26,000-point mark, marking a new high in nearly four years [1]. - Major technology stocks showed strong performance, with Bilibili-W up over 5%, Kuaishou-W up over 4%, Alibaba-W up over 3%, Xiaomi Group-W up over 2%, and Tencent Holdings up over 1% [1]. Group 2: ETF and Fund Flows - The Hong Kong Internet ETF (513770) opened high and rose by 1.17%, indicating strong market interest and liquidity [3]. - The Hong Kong Internet ETF has seen significant inflows, accumulating a total of 7.2 billion yuan over the past four days, with net inflows of 17.5 billion yuan and 23.4 billion yuan over the past 10 and 20 days, respectively [6]. Group 3: Macro and Fundamental Factors - The macroeconomic environment is favorable, with expectations of a Federal Reserve interest rate cut, which could enhance liquidity in the Hong Kong market, particularly benefiting high-growth technology stocks [4]. - Alibaba's recent cloud revenue and capital expenditures exceeded market expectations, suggesting a shift back to AI narratives, which could aid in valuation recovery for the sector [6]. - Southbound capital has shown a strong buying trend, with a cumulative net inflow of 1.03 trillion HKD this year, particularly favoring major technology stocks like Alibaba-W, Tencent Holdings, and Meituan-W [6]. Group 4: Future Outlook - Analysts predict that the Hong Kong stock market may continue its upward trend, supported by increased capital inflows and a shift towards AI-driven narratives in the fourth quarter [8]. - The Hong Kong Internet ETF has outperformed the Hang Seng Tech Index, with a cumulative increase exceeding 10 percentage points, highlighting its strong performance and potential for future growth [10].

Core Viewpoint - Tencent is considering issuing offshore RMB bonds as early as this month, marking its first issuance of dim sum bonds and the first bond issuance in any currency since April 2021 [1] Group 1: Bond Issuance Details - Investment banks are currently assessing investor interest in this potential bond transaction [1] - The specifics of the bond issuance may be adjusted based on feedback from investors [1] Group 2: Existing Debt Obligations - Tencent has a $1 billion bond maturing in January 2026 and another $500 million note maturing in April [1]

Core Viewpoint - The Hang Seng Technology Index rose over 1% in early trading on September 9, with the Hang Seng Index increasing by 0.78%. Tencent Holdings saw its stock price rise over 1%, reaching a new high of 627 HKD for the year [1]. Group 1 - The Hang Seng Technology Index experienced a significant increase of over 1% in early trading [1]. - The Hang Seng Index also showed positive movement, rising by 0.78% [1]. - Tencent Holdings' stock price reached 627 HKD, marking a new yearly high [1].

Core Viewpoint - The Hong Kong stock market opened positively on September 9, with significant gains in technology stocks, gold stocks, and automotive stocks, indicating a potential upward trend in the market driven by external liquidity and internal policy changes [1] Group 1: Market Performance - The three major indices of the Hong Kong stock market opened higher, with technology stocks showing more gains than losses [1] - The Hang Seng Technology Index saw an increase of over 1.5%, with the Hang Seng Technology Index ETF (513180) following suit [1] - Notable stocks such as Tencent Holdings reached a new high for the year, with a peak increase of over 1% [1] Group 2: Investment Opportunities - The technology sector represented by the Hang Seng Technology Index ETF (513180) is currently considered to be in a historically undervalued range [1] - Continuous inflow of southbound funds and the potential initiation of a new interest rate cut cycle in the U.S. may lead to a resonance of both domestic and foreign capital in the Hong Kong market in September [1] - The ongoing anti-involution policies, combined with Alibaba's better-than-expected earnings report and rapid iterations of AI large models, suggest a possible shift in focus for the Hang Seng Technology Index from "takeout involution" back to AI narratives, indicating a potential for valuation reconstruction [1]

Summary of Key Points Core Viewpoint - On September 8, 25 Hong Kong-listed companies conducted share buybacks, totaling 9.49 million shares and an amount of 659 million HKD [1]. Group 1: Buyback Details - Tencent Holdings repurchased 897,000 shares for 551 million HKD, with a highest price of 618.50 HKD and a lowest price of 605.50 HKD, accumulating a total buyback amount of 48.85 billion HKD for the year [1][2]. - China Hongqiao repurchased 1.1 million shares for 27.22 million HKD, with a highest price of 25.00 HKD and a lowest price of 24.38 HKD, totaling 5.40 billion HKD in buybacks for the year [1][2]. - Hang Seng Bank repurchased 210,000 shares for 24.09 million HKD, with a highest price of 115.20 HKD and a lowest price of 114.10 HKD, accumulating 622 million HKD in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on September 8 was from Tencent Holdings at 551 million HKD, followed by China Hongqiao at 27.22 million HKD [1]. - In terms of share quantity, Maple Leaf Education had the highest buyback with 2.45 million shares, followed by China Hongqiao and MGM China with 1.1 million shares and 1 million shares respectively [1][2]. Group 3: Additional Buyback Information - The buyback by Changjie Tong on this date was its first for the year, while Tencent has conducted multiple buybacks totaling 48.85 billion HKD [2].

Summary of Key Points Core Viewpoint - Tencent Holdings has been actively repurchasing its shares, indicating a strong commitment to enhancing shareholder value and confidence in its stock performance [2][3]. Repurchase Details - On September 8, Tencent repurchased 897,000 shares at prices ranging from HKD 605.500 to HKD 618.500, totaling HKD 551 million [2]. - The stock closed at HKD 617.500 on the same day, reflecting a 1.98% increase, with a total trading volume of HKD 13.37 billion [2]. - Since August 18, the company has conducted share buybacks for 16 consecutive days, acquiring a total of 14.665 million shares for a cumulative amount of HKD 8.809 billion, with the stock rising 4.31% during this period [2]. Year-to-Date Performance - Year-to-date, Tencent has executed 78 repurchase transactions, acquiring a total of 10.4 million shares for a total expenditure of HKD 48.852 billion [2].