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Home > Latest

Lates News

date
30/04/2025
UBS reported a first-quarter net profit of $1.69 billion, exceeding the estimated $1.35 billion.
Latest
1 m ago
Liu Yonghao, Chairman of the New Hope Group, said he was "particularly pleased" to hear the news of the passage of the Private Economy Promotion Law.
1 m ago
Goldman Sachs: Maintain Tencent "buy" rating, predicting first quarter performance will improve.
1 m ago
Goldman Sachs released a research report indicating that Tencent will announce its first-quarter performance expectations in mid-May. Investors' focus will be on the progress in revenue growth driven by advertising technology in marketing services, the sustainability of growth in the gaming business in the second half of the year, the growth prospects of financial technology business, and the development and eventual profit model of AI intelligent body. Goldman Sachs currently predicts that Tencent's first-quarter performance will improve, with revenue and earnings per share expected to increase by 10% and 20% respectively year-on-year. Profit growth is expected to outpace revenue growth mainly due to the rapid growth of high-profit businesses such as advertising and games, as well as the leverage of operations. Goldman Sachs maintains its "buy" rating on Tencent with a target price of HK$590, emphasizing that Tencent remains one of the most recommended stocks in the Chinese internet industry by Goldman Sachs. As for the full-year forecast, the bank currently estimates that Tencent's revenue will increase by 10% year-on-year, with earnings per share expected to increase by 14%. It is believed that Tencent, relying on its unique WeChat ecosystem and global gaming assets, has diversified profit channels and can achieve compound profit growth in the macro cycle.
1 m ago
The construction of the key project of the Shaanxi section of the Xiyu High-speed Railway is progressing in an orderly manner.
1 m ago
Concept stocks of generic drugs are showing some strength, with Kelun Pharma making a strong push towards hitting the daily limit up, and shares of Huadong Pharmaceutical and Jiangsu Hengrui Medicine following suit.
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