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].

Core Viewpoint - Tencent Holdings announced a share buyback of 897,000 shares at a total cost of HKD 550 million, with individual share prices ranging from HKD 605.5 to HKD 618.5 [1] Summary by Category Company Actions - Tencent spent HKD 550 million on the repurchase of 897,000 shares [1] - The buyback price per share was between HKD 605.5 and HKD 618.5 [1]

Core Viewpoint - Tencent Holdings (00700) announced a share buyback plan, intending to repurchase 897,000 shares at a total cost of HKD 551 million, with each share priced between HKD 605.5 and HKD 618.5 [1] Group 1 - The total amount allocated for the share buyback is HKD 551 million [1] - The number of shares to be repurchased is 897,000 [1] - The price range for the repurchase is between HKD 605.5 and HKD 618.5 per share [1]

Core Viewpoint - Tencent Holdings announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Share Buyback Details - The company will repurchase 897,000 shares at a total cost of HKD 551 million [1] - The buyback price per share ranges from HKD 605.5 to HKD 618.5 [1]

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9月8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13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 ...

Summary of Key Points Core Viewpoint - On September 5, 31 Hong Kong-listed companies conducted share buybacks totaling 11.72 million shares, with a total amount of HKD 698 million [1][2]. Group 1: Major Companies Involved in Buybacks - Tencent Holdings repurchased 913,000 shares for HKD 551 million, with a highest price of HKD 608.50 and a lowest price of HKD 597.00, bringing its total buyback amount for the year to HKD 48.30 billion [1][2]. - China Hongqiao repurchased 1.276 million shares for HKD 31.57 million, with a highest price of HKD 24.96 and a lowest price of HKD 23.88, totaling HKD 5.37 billion in buybacks for the year [1][2]. - Midea Group repurchased 300,000 shares for HKD 25.83 million, with a highest price of HKD 86.20 and a lowest price of HKD 85.95, accumulating HKD 4.78 billion in buybacks for the year [1][2]. Group 2: Buyback Amounts and Quantities - The highest buyback amount on September 5 was from Tencent Holdings at HKD 551 million, followed by China Hongqiao at HKD 31.57 million [1][2]. - In terms of buyback quantity, the most shares repurchased on September 5 were by Lianyi Rong Technology-W, with 1.301 million shares, followed by China Hongqiao and Maple Leaf Education with 1.276 million and 1.264 million shares, respectively [1][2]. Group 3: Additional Companies and Their Buybacks - Other notable companies involved in buybacks include Hang Seng Bank, Yum China, and Mengniu Dairy, with respective buyback amounts of HKD 23.88 million, HKD 20.13 million, and HKD 6.03 million [2][3]. - The buyback activities reflect a trend among companies to utilize excess cash for shareholder returns, indicating confidence in their financial health [1][2].

Summary of Tencent Holdings (0700.HK) Conference Call Company Overview - **Company**: Tencent Holdings (0700.HK) - **Event**: Asia Leaders Conference 2025 - **Date**: September 4, 2025 - **Presenter**: Mr. James Mitchell, Chief Strategy Officer Key Industry Insights 1. **AI Model Development**: Tencent has re-architected its AI model strategy, with Hunyuan models achieving state-of-the-art (SOTA) performance in China, closing the gap with global models. The launch of HunyuanWorld-Voyager 3D model and its leading rankings on Hugging Face were highlighted [1][2][3] 2. **Revenue Streams from AI**: The company is leveraging AI to enhance revenue across gaming and marketing services, with high margins expected to offset GPU depreciation expenses. Tencent's non-GPU capital expenditure is lower compared to global peers due to cost efficiencies [2][3] 3. **Gaming Industry Growth**: Tencent is well-positioned in the gaming sector, which continues to grow, particularly in China and emerging markets. AI is expected to improve user experience and R&D efficiency, with significant content production efficiency gains anticipated [3][4] 4. **Advertising Services**: Tencent is aggressively deploying AI in its advertising business, which currently captures one-third of China's internet time but is under-monetized. AI-driven ad technology is expected to enhance click-through rates and conversion [8][9] Financial Performance and Projections 1. **Revenue Growth**: Tencent forecasts a revenue growth of 13% year-over-year for 3Q25E and 2025E, with an 18% and 17% growth in EPS respectively [11][12] 2. **Financial Summary**: - Total revenues projected to reach RMB 660.26 billion in 2024 and RMB 746.72 billion in 2025E - Net profit (Non-GAAP) expected to be RMB 222.70 billion in 2024 and RMB 256.39 billion in 2025E - Diluted EPS (Non-GAAP) projected at RMB 23.67 for 2024 and RMB 27.69 for 2025E [13][16] Strategic Initiatives 1. **Capital Allocation**: Tencent is committed to disciplined capital allocation, with plans for share buybacks and dividends supported by improved liquidity in China [10][11] 2. **E-commerce and Cloud Growth**: The company is enhancing its Weixin super-app and expanding its closed-loop e-commerce capabilities, positioning Tencent Cloud as a top player in China's public cloud market [11][12] Risks and Challenges 1. **Industry Competition**: Increased competition in performance-based advertising and potential delays in game launches could impact growth [14] 2. **FinTech and Cloud Growth**: Slower-than-expected growth in these sectors poses a risk to overall performance [14] Conclusion - Tencent is positioned as a key beneficiary of AI advancements in the Chinese internet landscape, with a robust growth outlook across its major business lines. The company maintains a "Buy" rating with a target price of HK$701, reflecting a 17.1% upside potential from the current price of HK$598.50 [11][16]

Summary of Key Points Core Viewpoint - Tencent Holdings has been actively repurchasing its shares, with a total repurchase amount of HKD 48.302 billion this year, indicating a strong commitment to enhancing shareholder value [1][2]. Repurchase Details - On September 5, Tencent repurchased 913,000 shares at a price range of HKD 597.000 to HKD 608.500, totaling HKD 55.076 million [1]. - Since August 18, the company has conducted share repurchases for 15 consecutive days, acquiring a total of 13.768 million shares for HKD 8.259 billion, during which the stock price increased by 2.28% [1][2]. - Year-to-date, Tencent has completed 77 repurchase transactions, acquiring a total of 10.3 million shares [2]. Stock Performance - The stock closed at HKD 605.500 on September 5, reflecting a 2.19% increase for the day, with a total trading volume of HKD 11.491 billion [1].

Core Viewpoint - Tencent Holdings (00700.HK) announced a share buyback on September 5, 2023, spending HKD 551 million to repurchase 913,000 shares at a price range of HKD 597 to HKD 608.5 per share [1] Related Events - On September 4, 2023, Tencent Holdings also spent HKD 551 million to buy back 925,000 shares [1]