TENCENT(HK:00700) Mei Ri Jing Ji Xin Wen·2025-11-12 09:57Market Performance - The Hong Kong stock market showed a rebound today, with all indices closing in the green. The Hang Seng Index closed at 26,922.73 points, up 226.32 points, a gain of 0.85% [1] - The Hang Seng Tech Index closed at 5,933.99 points, increasing by 9.60 points, a rise of 0.16% [2][4] Key Company Movements - Alibaba's stock fell over 2%, contributing to the relative weakness of the Hang Seng Tech Index. Other companies like Meituan, BYD, Xiaopeng, Baidu, and Hua Hong Semiconductor also experienced declines [4] - Tencent Holdings is expected to announce its Q3 earnings soon, with high market anticipation. The stock rose over 1%, seen as a potential hope for the market [4][5] - Goldman Sachs predicts Tencent will be the only company among the six major tech giants to achieve profit growth, forecasting a 13% year-on-year revenue increase and a 20% increase in adjusted EBIT for Q3. Game revenue is expected to grow over 16%, advertising revenue by 19%, financial technology revenue by 7%, and cloud business revenue by 11% [5] Sector Performance - Biopharmaceutical stocks showed strength, with BeiGene rising over 7%. Oil stocks also performed well, with PetroChina increasing nearly 3% [5] - New consumption concept stocks saw some gains, with "Hushang Ayi" rising nearly 29% after announcing a ten-year H-share incentive plan, aiming to incentivize core talent [6] Capital Flow - Southbound funds continued to net buy Hong Kong stocks, with a total net purchase of HKD 4.286 billion by the close [7] Market Outlook - Institutions generally believe that the Hong Kong stock market will maintain a volatile trend in the short term, but opportunities exist. GF Securities noted that the foundation for a bull market remains unchanged, likely evolving into a volatile upward trend [9] - Zheshang International expressed a cautiously optimistic view on the short-term market trend, despite a weak fundamental backdrop and a slight pullback in the capital environment [10]