Tencent is seeing two major share price catalysts this week

Macquarie Warrants Singapore
10-07 10:34

1⃣Yesterday, the company repurchased HKD 100.4 million shares as part of its buy back programme

Tencent currently leads all Hong Kong listed companies in buybacks, with HKD 2.21 billion worth of shares being bought as of September 2026, according to Bloomberg

2⃣Secondly, DeepSeek - of which Tencent is one of the largest investors, is reportedly close to securing at least RMB 80 billion (USD 12 billion) in its latest funding round, blowing past its initial RMB 50 billion target for its planned 2027 IPO

💨Finally, the Huawei-Qualcomm licensing pact signed on 5 October - the first such pact between the two companies covering 5G technology that allows both companies access to each other's patent portfolios, is also providing a broader AI rerating tailwind for Chinese hyper-scalers including Tencent

Investors who foresee Tencent breaking out of the recent highs in the range of HKD 435-440 can consider Macquarie's trending Tencent call warrant WUHW, which costs SGD 0.017 while Tencent is trading at HKD 424.80 as of 930AM this morning, and which will move in greater magnitude than Tencent shares, according to its effective gearing level

For example, given Tencent's 0.9% increase this week, WUHW has gained 6.7% to SGD 0.016 as of 930AM

There are no put warrants available over Tencent

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