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Dongfang Hong Ruihua Hugangshen Flexible Configuration Hybrid Fund(LOF)-A
169105.SZ
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CLSA Reaffirms Their Buy Rating on Tencent Holdings (TCTZF)

CLSA has reaffirmed a Buy rating on Tencent Holdings (TCTZF) with a price target of HK$740.00, while the shares closed at HK$629.00. Analyst Elinor Leung has an average return of 9.9% and a 45.69% success rate. The overall analyst consensus for Tencent is a Strong Buy with an average price target of $93.84, indicating a potential downside of -85.08%. Nomura also maintains a Buy rating with a HK$757.00 price target.

Tip Ranks·
US
TCEHY
-1.10%
US
TCTZF
-0.19%
HK
00700
-1.55%
Tip Ranks·
US
TCEHY
-1.10%
US
TCTZF
-0.19%
HK
00700
-1.55%

Hong Kong stocks closed | The Hang Seng Tech Index fell over 1.8%, losing ground, with the technology retail sector under pressure; Alibaba fell 2.97%, and Kuaishou plummeted nearly 6%

All three major Hong Kong stock indices fell, with the Hang Seng Tech Index leading the decline, as risk appetite for funds decreased. The technology and retail sectors came under pressure, with Alibaba and Kuaishou experiencing significant pullbacks, dragging the sectors down. Net inflows from southbound funds exceeded HKD 1.2 billion, with structural increases in positions for leading technology and AI hardware stocks, while reducing holdings in real estate and financials. Recent macro factors such as the Federal Reserve maintaining high interest rates and fluctuations in the RMB exchange rate continue to impact the valuation and liquidity of Hong Kong stocks

Market Heartbeat·
HK
09988
-2.97%
HK
00700
-1.55%
HK
01810
-2.76%
Market Heartbeat·
HK
09988
-2.97%
HK
00700
-1.55%
HK
01810
-2.76%