Nice-To The Moon - Tiger Brokers Online Investing Community

Like
1
Favorite

TisthenewK
2021-06-29

Nice

Tencent’s Stock Woes Deepen as Mainland Investors Turn Sellers

Mainlanders have sold $1.4 billion of Tencent so far in June Chinese traders had been net buyers of

Tencent’s Stock Woes Deepen as Mainland Investors Turn Sellers

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Top
Latest

LimPohChiok
·2021-06-29
Like
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":159692837,"tweetId":"159692837","gmtCreate":1624960352929,"gmtModify":1703848867580,"author":{"id":3579028484140186,"idStr":"3579028484140186","authorId":3579028484140186,"authorIdStr":"3579028484140186","name":"TisthenewK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice</p></body></html>","htmlText":"<html><head></head><body><p>Nice</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/159692837","repostId":1170697239,"repostType":4,"repost":{"id":"1170697239","pubTimestamp":1624957101,"share":"https://www.laohu8.com/m/news/1170697239?lang=&edition=full","pubTime":"2021-06-29 16:58","market":"hk","language":"en","title":"Tencent’s Stock Woes Deepen as Mainland Investors Turn Sellers","url":"https://stock-news.laohu8.com/highlight/detail?id=1170697239","media":"Bloomberg","summary":"Mainlanders have sold $1.4 billion of Tencent so far in June\nChinese traders had been net buyers of ","content":"<ul>\n <li>Mainlanders have sold $1.4 billion of Tencent so far in June</li>\n <li>Chinese traders had been net buyers of Tencent over past year</li>\n</ul>\n<p>Tencent Holdings Ltd., which has lost more than a fifth of its market value in the past few months, now appears to be losing its biggest supporter: Chinese investors.</p>\n<p>Mainland traders have sold a net HK$11.2 billion ($1.4 billion) worth of Tencent shares so far in June, exchange data compiled by Bloomberg show. This would mark the first month of outflow for the $730 billion internet giant via the trading link with Hong Kong since May 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/4219b7b69f7b6e17e4e920e902112b6c\" tg-width=\"949\" tg-height=\"599\"></p>\n<p>After rising to within a&nbsp;whisker&nbsp;of joining the trillion-dollar club earlier this year, Tencent began to slip as investors grew concerned about valuations and moves by the People’s Bank of China to reign in pandemic easy-money policies. With antitrust watchdogs probing alleged monopolistic behavior by the country’s internet titans over the past few months, the stock is now down 23% from its January record high.</p>\n<p>Loss of support from mainland investors, who account for almost a third of Tencent’s dailyturnover, could signal that the worst is not yet over.</p>\n<p>While the company’s sales have been boosted by increased demand for online content and services, investors have grown concerned over its profit margins due to its plans for major&nbsp;spending&nbsp;to fend off competitors such as Alibaba Group Holding Ltd. and ByteDance Ltd.</p>\n<p>“There haven’t been many bright spots in Tencent’s fundamentals,” said Dai Ming, a fund manager at Huichen Asset Management. “The advertising segment is not beating estimates, while the online gaming business may not see as high growth as last year when China recovers from the pandemic.”</p>\n<p>Even with June’s exit, mainland investors still hold about 7% of Tencent’s stock, near the highest since at least March 2017.</p>\n<p>“The shares won’t do well when there is lack of liquidity and earnings support,” he said. “Mainland traders’ selling of Tencent is likely to continue in the second half.”</p>","source":"lsy1584095487587","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>Tencent’s Stock Woes Deepen as Mainland Investors Turn Sellers</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\">\nTencent’s Stock Woes Deepen as Mainland Investors Turn Sellers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-29/tencent-s-stock-woes-deepen-as-mainland-investors-turn-sellers><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mainlanders have sold $1.4 billion of Tencent so far in June\nChinese traders had been net buyers of Tencent over past year\n\nTencent Holdings Ltd., which has lost more than a fifth of its market value ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-29/tencent-s-stock-woes-deepen-as-mainland-investors-turn-sellers\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-29/tencent-s-stock-woes-deepen-as-mainland-investors-turn-sellers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170697239","content_text":"Mainlanders have sold $1.4 billion of Tencent so far in June\nChinese traders had been net buyers of Tencent over past year\n\nTencent Holdings Ltd., which has lost more than a fifth of its market value in the past few months, now appears to be losing its biggest supporter: Chinese investors.\nMainland traders have sold a net HK$11.2 billion ($1.4 billion) worth of Tencent shares so far in June, exchange data compiled by Bloomberg show. This would mark the first month of outflow for the $730 billion internet giant via the trading link with Hong Kong since May 2020.\n\nAfter rising to within a whisker of joining the trillion-dollar club earlier this year, Tencent began to slip as investors grew concerned about valuations and moves by the People’s Bank of China to reign in pandemic easy-money policies. With antitrust watchdogs probing alleged monopolistic behavior by the country’s internet titans over the past few months, the stock is now down 23% from its January record high.\nLoss of support from mainland investors, who account for almost a third of Tencent’s dailyturnover, could signal that the worst is not yet over.\nWhile the company’s sales have been boosted by increased demand for online content and services, investors have grown concerned over its profit margins due to its plans for major spending to fend off competitors such as Alibaba Group Holding Ltd. and ByteDance Ltd.\n“There haven’t been many bright spots in Tencent’s fundamentals,” said Dai Ming, a fund manager at Huichen Asset Management. “The advertising segment is not beating estimates, while the online gaming business may not see as high growth as last year when China recovers from the pandemic.”\nEven with June’s exit, mainland investors still hold about 7% of Tencent’s stock, near the highest since at least March 2017.\n“The shares won’t do well when there is lack of liquidity and earnings support,” he said. “Mainland traders’ selling of Tencent is likely to continue in the second half.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5067278,"commentId":"5067278","gmtCreate":1624960576554,"gmtModify":1663230268243,"authorId":3582840577889538,"author":{"id":3582840577889538,"idStr":"3582840577889538","authorId":3582840577889538,"name":"LimPohChiok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":159692837,"objectIdStr":"159692837","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}