Tencent Technology News, November 17, Tencent shares rose 2.96% today to close at 403.4 Hong Kong dollars, becoming Asia's highest market value of the company.
Tencent yesterday closed at 391.8 Hong Kong dollars, today opened 397 Hong Kong dollars higher, or 1.3%, to close at 403.4 Hong Kong dollars, or 2.96%, the market capitalization of 38.319 billion Hong Kong dollars (4905 billion U.S. dollars).
The highest price of 405 Hong Kong dollars that day, setting a new high since its listing, the lowest share price of 397 Hong Kong dollars. In the past 52 weeks, Tencent minimum share price of 179.6 Hong Kong dollars.
Alibaba, China's Internet giant and US-listed company, closed at $ 185.43 on Thursday with a market capitalization of 474.7 billion U.S. dollars.
This year, Tencent, Alibaba shares have more than doubled.
A number of research institutions will Tencent's target price raised to 450 Hong Kong dollar or more. Among them, Deutsche Bank raised the target price of Tencent from HK $ 347 to HK $ 450, CLSA raised the target price of Tencent to HK $ 460, Daiwa Capital raised its target price from HK $ 370 to HK $ 480 and Citi raised to HK $ 482 from HK $ 392 HK dollar, Essence International raised to 520.8 Hong Kong dollars, the rating is "recommended to buy".
On November 15, Tencent announced its unaudited consolidated results for the third quarter ended September 30, 2017. In the third quarter of 2017, Tencent reported a total revenue of 65.210 billion yuan (98.25 billion U.S. dollars), an increase of 61% over the same period of last year. Earnings attributable to equity holders amounted to 18.0106 billion yuan (2.71 billion U.S. dollars) 69% over the same period.
Ma Huateng, Tencent's chairman and chief executive officer, said in a earnings press release: "Our multiple businesses achieved strong business and revenue growth in the third quarter, including games, digital content, online advertising and payment related services. In particular, the market share of Tencent's video, user and revenue continued to grow. As the first online video-based platform in China, we believe it is the number of active mobile users and paying users per day. This reflects our investment in self-made video content, The selection of content, content delivery, and positioning of the audience are all fruitful. Our online literature platform Reading Group, which went public in November, also reflects the value of our investment in this business over the years. We believe multi-faceted digital content businesses have synergies with each other and allow us to bring unique content to our users. & rdquo;