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- juniorpuajuniorpua
  ·02-01
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  Hasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent
  American toy company Hasbro is seeking to sell its well-known IP "Dungeons & Dragons", and Tencent is one of the potential buyers.
  Hasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent
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- juniorpuajuniorpua
  ·2023-02-01
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  China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti
  Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action
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about China's Innovation","home_visible":1,"media_name":"Pandaily","id":"1045030379","head_image":"https://community-static.tradeup.com/news/aea029d3817be732c49c2a6b4e47b544"},"pubTimestamp":1706671361,"share":"https://ttm.financial/m/news/2407380322?lang=&edition=fundamental","pubTime":"2024-01-31 11:22","market":"sh","language":"en","title":"Hasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent","url":"https://stock-news.laohu8.com/highlight/detail?id=2407380322","media":"Pandaily","summary":"\nAmerican toy company Hasbro is seeking to sell its well-known IP \"Dungeons & Dragons\", and Tencent is one of the potential buyers.\n","content":"<html><body><div>\n<p>Speed Daily exclusively learned that the American toy company Hasbro is seeking to sell its well-known IP “Dungeons &amp; Dragons” (referred to as “DND” below), and Tencent is one of the potential buyers.</p>\n<p>At present, the negotiations are still in the early stages and both parties have not yet reached an agreement on the details of the transaction.</p>\n<p>According to informed sources, the financial crisis faced by Hasbro is the main reason for considering the sale of DND, and Tencent Investment’s Larian Studios is acting as an intermediary in this transaction. Larian Studios’ game “Baldur’s Gate 3” won the TGA Game of the Year award in 2023 and is considered one of the most successful adaptations of DND. As a result, it was seen as a potential target buyer by Hasbro. However, due to insufficient funds, Larian ultimately introduced this deal to shareholder Tencent.</p>\n<p>Hasbro was founded in 1923 and has a history of over a hundred years. In 1935, the company gradually became a world-class toy company with its Monopoly series games. It owns well-known IPs such as Transformers, Dungeons &amp; Dragons, Monopoly, and My Little Pony. However, this century-old enterprise is currently facing a huge crisis due to losses. Its stock price has dropped from a high of $108 in 2019 to $51 (closing data on January 26th).</p>\n<p>According to the financial report, as of the third quarter of 2023, Hasbro has been experiencing consecutive losses for four quarters due to its main business of toy sales. The accumulated loss from Q4 2022 to Q3 2023 exceeds $500 million USD, and in Q2 2023, there was even a negative free cash flow situation. According to Forbes reports, in response to the crisis, the company underwent significant layoffs last year, with a total reduction of over 1,900 employees accounting for more than 20%.</p>\n<p>Although the company as a whole is in a loss situation, its DND-related IP is a high-quality asset and has achieved considerable success in video game adaptations. Last year, the release of “Baldur’s Gate 3” by Larian Studios was both critically acclaimed and commercially successful. It not only won six TGA awards, including Game of the Year but also generated revenue of $657 million, surpassing the Harry Potter IP adaptation game “Hogwarts Legacy,” making it the most profitable PC exclusive game last year.</p>\n<p>The success of “Baldur’s Gate 3” is also reflected in the financial data of Hasbro. The financial report shows that in the third quarter of 2023, driven by “Baldur’s Gate 3” and another Monopoly IP game called “Monopoly Go!”, Hasbro’s electronic gaming and licensing-related business achieved a contrary year-on-year growth of 40%, reaching $423 million.</p>\n<p>Outside of electronic games, DND is also one of the most popular tabletop games in Europe and America. It has appeared multiple times in American TV shows such as “The Big Bang Theory” and “Stranger Things”. A large fan base has formed around its related culture, making it a top-tier IP.</p>\n<p><strong>SEE ALSO: Tencent Responds to the Collective Server Crash of <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Games in the Early Morning</strong></p>\n<p>A Tencent IEG (Interactive Entertainment Group) insider revealed that Tencent, represented by its overseas business department IEG Global, is in negotiations with the aim of acquiring a series of rights including the adaptation rights for electronic games such as DND.</p>\n<p>According to the aforementioned IEG insiders, Tencent currently holds the game adaptation rights for many top-tier IPs. However, due to the licensing model mostly not being a one-time buyout, Tencent not only needs to bear high copyright fees and long-term revenue sharing but also frequently faces restrictions from its partners in terms of development and operation. Previously, the mobile game adaptation of “NieR” developed by Tencent TiMi Studio was unable to be launched even until the project was cancelled.</p>\n<p>If this acquisition is successful, it will enable Tencent to gain dominant control over the IP of Dungeons &amp; Dragons, which will largely avoid the aforementioned issues.</p>\n<p>Companies in Europe and America attach great importance to the value of intellectual property (IP), while Chinese companies have limited opportunities to acquire top-tier IP from overseas. For Tencent, the opportunity to acquire the Dungeons &amp; Dragons IP from Hasbro due to financial considerations is a rare chance.</p> </div></body></html>","source":"pandaily_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHasbro Seeks to Sell IP “DND” and Has Had Preliminary Contact with Tencent\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1045030379\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/aea029d3817be732c49c2a6b4e47b544);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Pandaily </p>\n<p class=\"h-time\">2024-01-31 11:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><div>\n<p>Speed Daily exclusively learned that the American toy company Hasbro is seeking to sell its well-known IP “Dungeons &amp; Dragons” (referred to as “DND” below), and Tencent is one of the potential buyers.</p>\n<p>At present, the negotiations are still in the early stages and both parties have not yet reached an agreement on the details of the transaction.</p>\n<p>According to informed sources, the financial crisis faced by Hasbro is the main reason for considering the sale of DND, and Tencent Investment’s Larian Studios is acting as an intermediary in this transaction. Larian Studios’ game “Baldur’s Gate 3” won the TGA Game of the Year award in 2023 and is considered one of the most successful adaptations of DND. As a result, it was seen as a potential target buyer by Hasbro. However, due to insufficient funds, Larian ultimately introduced this deal to shareholder Tencent.</p>\n<p>Hasbro was founded in 1923 and has a history of over a hundred years. In 1935, the company gradually became a world-class toy company with its Monopoly series games. It owns well-known IPs such as Transformers, Dungeons &amp; Dragons, Monopoly, and My Little Pony. However, this century-old enterprise is currently facing a huge crisis due to losses. Its stock price has dropped from a high of $108 in 2019 to $51 (closing data on January 26th).</p>\n<p>According to the financial report, as of the third quarter of 2023, Hasbro has been experiencing consecutive losses for four quarters due to its main business of toy sales. The accumulated loss from Q4 2022 to Q3 2023 exceeds $500 million USD, and in Q2 2023, there was even a negative free cash flow situation. According to Forbes reports, in response to the crisis, the company underwent significant layoffs last year, with a total reduction of over 1,900 employees accounting for more than 20%.</p>\n<p>Although the company as a whole is in a loss situation, its DND-related IP is a high-quality asset and has achieved considerable success in video game adaptations. Last year, the release of “Baldur’s Gate 3” by Larian Studios was both critically acclaimed and commercially successful. It not only won six TGA awards, including Game of the Year but also generated revenue of $657 million, surpassing the Harry Potter IP adaptation game “Hogwarts Legacy,” making it the most profitable PC exclusive game last year.</p>\n<p>The success of “Baldur’s Gate 3” is also reflected in the financial data of Hasbro. The financial report shows that in the third quarter of 2023, driven by “Baldur’s Gate 3” and another Monopoly IP game called “Monopoly Go!”, Hasbro’s electronic gaming and licensing-related business achieved a contrary year-on-year growth of 40%, reaching $423 million.</p>\n<p>Outside of electronic games, DND is also one of the most popular tabletop games in Europe and America. It has appeared multiple times in American TV shows such as “The Big Bang Theory” and “Stranger Things”. A large fan base has formed around its related culture, making it a top-tier IP.</p>\n<p><strong>SEE ALSO: Tencent Responds to the Collective Server Crash of <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Games in the Early Morning</strong></p>\n<p>A Tencent IEG (Interactive Entertainment Group) insider revealed that Tencent, represented by its overseas business department IEG Global, is in negotiations with the aim of acquiring a series of rights including the adaptation rights for electronic games such as DND.</p>\n<p>According to the aforementioned IEG insiders, Tencent currently holds the game adaptation rights for many top-tier IPs. However, due to the licensing model mostly not being a one-time buyout, Tencent not only needs to bear high copyright fees and long-term revenue sharing but also frequently faces restrictions from its partners in terms of development and operation. Previously, the mobile game adaptation of “NieR” developed by Tencent TiMi Studio was unable to be launched even until the project was cancelled.</p>\n<p>If this acquisition is successful, it will enable Tencent to gain dominant control over the IP of Dungeons &amp; Dragons, which will largely avoid the aforementioned issues.</p>\n<p>Companies in Europe and America attach great importance to the value of intellectual property (IP), while Chinese companies have limited opportunities to acquire top-tier IP from overseas. For Tencent, the opportunity to acquire the Dungeons &amp; Dragons IP from Hasbro due to financial considerations is a rare chance.</p> </div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://assets.pandaily.com/uploads/2023/07/未命名的设计-6-16.jpg","relate_stocks":{"80700":"腾讯控股-R","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","BK4190":"消闲用品","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK1531":"手游股","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","00700":"腾讯控股","BK1516":"腾讯概念","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK1589":"北水核心资产","LU0228659784.USD":"施罗德金砖四国基金","BK4585":"ETF&股票定投概念","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","IE0008368742.USD":"首域中国增长基金I Acc","HAS":"孩之宝","BK4566":"资本集团","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK1609":"ChatGPT概念","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","IP":"国际纸业","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","BK1521":"挪威政府全球养老基金持仓","BK1610":"ETF&股票定投概念","BK1095":"互动媒体与服务","BK1586":"云计算","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU0173614495.USD":"富达中国焦点A","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC"},"source_url":"https://pandaily.com/hasbro-seeks-to-sell-ip-dnd-and-has-had-preliminary-contact-with-tencent/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2407380322","content_text":"Speed Daily exclusively learned that the American toy company Hasbro is seeking to sell its well-known IP “Dungeons & Dragons” (referred to as “DND” below), and Tencent is one of the potential buyers.\nAt present, the negotiations are still in the early stages and both parties have not yet reached an agreement on the details of the transaction.\nAccording to informed sources, the financial crisis faced by Hasbro is the main reason for considering the sale of DND, and Tencent Investment’s Larian Studios is acting as an intermediary in this transaction. Larian Studios’ game “Baldur’s Gate 3” won the TGA Game of the Year award in 2023 and is considered one of the most successful adaptations of DND. As a result, it was seen as a potential target buyer by Hasbro. However, due to insufficient funds, Larian ultimately introduced this deal to shareholder Tencent.\nHasbro was founded in 1923 and has a history of over a hundred years. In 1935, the company gradually became a world-class toy company with its Monopoly series games. It owns well-known IPs such as Transformers, Dungeons & Dragons, Monopoly, and My Little Pony. However, this century-old enterprise is currently facing a huge crisis due to losses. Its stock price has dropped from a high of $108 in 2019 to $51 (closing data on January 26th).\nAccording to the financial report, as of the third quarter of 2023, Hasbro has been experiencing consecutive losses for four quarters due to its main business of toy sales. The accumulated loss from Q4 2022 to Q3 2023 exceeds $500 million USD, and in Q2 2023, there was even a negative free cash flow situation. According to Forbes reports, in response to the crisis, the company underwent significant layoffs last year, with a total reduction of over 1,900 employees accounting for more than 20%.\nAlthough the company as a whole is in a loss situation, its DND-related IP is a high-quality asset and has achieved considerable success in video game adaptations. Last year, the release of “Baldur’s Gate 3” by Larian Studios was both critically acclaimed and commercially successful. It not only won six TGA awards, including Game of the Year but also generated revenue of $657 million, surpassing the Harry Potter IP adaptation game “Hogwarts Legacy,” making it the most profitable PC exclusive game last year.\nThe success of “Baldur’s Gate 3” is also reflected in the financial data of Hasbro. The financial report shows that in the third quarter of 2023, driven by “Baldur’s Gate 3” and another Monopoly IP game called “Monopoly Go!”, Hasbro’s electronic gaming and licensing-related business achieved a contrary year-on-year growth of 40%, reaching $423 million.\nOutside of electronic games, DND is also one of the most popular tabletop games in Europe and America. It has appeared multiple times in American TV shows such as “The Big Bang Theory” and “Stranger Things”. A large fan base has formed around its related culture, making it a top-tier IP.\nSEE ALSO: Tencent Responds to the Collective Server Crash of Popular Games in the Early Morning\nA Tencent IEG (Interactive Entertainment Group) insider revealed that Tencent, represented by its overseas business department IEG Global, is in negotiations with the aim of acquiring a series of rights including the adaptation rights for electronic games such as DND.\nAccording to the aforementioned IEG insiders, Tencent currently holds the game adaptation rights for many top-tier IPs. However, due to the licensing model mostly not being a one-time buyout, Tencent not only needs to bear high copyright fees and long-term revenue sharing but also frequently faces restrictions from its partners in terms of development and operation. Previously, the mobile game adaptation of “NieR” developed by Tencent TiMi Studio was unable to be launched even until the project was cancelled.\nIf this acquisition is successful, it will enable Tencent to gain dominant control over the IP of Dungeons & Dragons, which will largely avoid the aforementioned issues.\nCompanies in Europe and America attach great importance to the value of intellectual property (IP), while Chinese companies have limited opportunities to acquire top-tier IP from overseas. For Tencent, the opportunity to acquire the Dungeons & Dragons IP from Hasbro due to financial considerations is a rare chance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955341856,"gmtCreate":1675236425976,"gmtModify":1676538985782,"author":{"id":"4120913222548772","authorId":"4120913222548772","name":"juniorpua","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4120913222548772","idStr":"4120913222548772"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/3581062537251340\">@ZZZZzzz &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/3581062537251340\">@ZZZZzzz &nbsp;</a>","text":"@ZZZZzzz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955341856","repostId":"1192867920","repostType":2,"repost":{"id":"1192867920","kind":"news","pubTimestamp":1675135825,"share":"https://ttm.financial/m/news/1192867920?lang=&edition=fundamental","pubTime":"2023-01-31 11:30","market":"hk","language":"en","title":"Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action","url":"https://stock-news.laohu8.com/highlight/detail?id=1192867920","media":"South China Morning Post","summary":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contracti","content":"<html><head></head><body><ul><li>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureau</li><li>Morgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this year</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a753ecb6dbee4e8c06f26eaacff15108\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>People walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFP</span></p><p>Most Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.</p><p>The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.</p><p>Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.</p><p>“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”</p><p>Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.</p><p>The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.</p><p>The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.</p><p>“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.</p><p>Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost Hong Kong Stocks Decline As Traders Await More China Recovery Signals, Fed Policy Action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-31 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"https://www.scmp.com/business/china-business/article/3208543/most-hong-kong-stocks-decline-traders-await-more-china-recovery-signals-fed-policy-action","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192867920","content_text":"China’s official PMI manufacturing index rose to 50.1 in January, ending a three months of contraction, according to the statistics bureauMorgan Stanley reiterates buy-the-dip call after the Hang Seng Index slumped on Monday amid concerns about rapid, excessive gains this yearPeople walk through the Exchange Square in Central, Hong Kong in October 2022. Photo: AFPMost Hong Kong stocks declined as traders await more recovery signals in the Chinese economy amid worries about another interest-rate hike by the Federal Reserve later this week. BYD jumped after the electric-car maker projected a record quarterly earnings.The Hang Seng Index fell 0.7 per cent to 21,915.05 as of 11.10am local time, after rising as much as 1 per cent. The index slumped almost 3 per cent on Monday. The Tech Index retreated 1 per cent, while the Shanghai Composite Index lost 0.3 per cent.Alibaba Group fell 1.1 per cent to HK$107.70 while Tencent Holdings tumbled 2.4 per cent to HK$378 while JD.com lost 2.2 per cent to HK$232.20. Wuxi Biologics dropped 2.8 per cent to HK$65.15 and Sunny Optical Technology slipped 1.8 per cent to HK$106.80.“The market has been running a bit hard in the short term,” said Willer Chen, senior analyst at Forsyth Barr Asia in Hong Kong. “Some stocks may not see much room for further gain before real fundamental recovery” is established, he added. “More proof of consumption and property recovery could boost investor confidence.”Stocks weakened despite a government report showing the official PMI manufacturing index rising to 50.1 from a three-year-low in December, China’s statistics bureau said on Tuesday.The Fed holds its first policy meeting of the year this week and is likely to continue hiking this year to slow down inflation, despite expectations for a downshift, according to market consensus.The Hang Seng wavered earlier this week after a three-month rally lifted the city’s benchmark index to an 11-month high. January’s advance alone has amounted to more than 12 per cent, the index’s best start to a year since 1996, as the city’s stock market regained almost US$400 billion of capitalisation.“We stay overweight on Chinese equities given the on-track macro recovery,” Morgan Stanley strategist Laura Wang said in a research note on Tuesday. The investment bank sees the market pullback as an opportunity to buy the dip, she added.Elsewhere, car maker BYD rose to the highest level in five months. The carmaker said it expects 2022 earnings to reach as high as 17 billion yuan (US$2.52 billion) on record sales, according to an exchange filing. That suggests its fourth-quarter earnings could jump by 13 times to a record 7.7 billion yuan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}