Communication Services(IN20348.HK)

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Communication Services
IN20348.HK
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Last year, the number of 5G mobile phone users in mainland China exceeded 1.2 billion, and the three major telecommunications companies saw a net increase of 20.99 million broadband users

By the end of last year, the number of 5G mobile phone users in mainland China reached 1.204 billion, accounting for 65.9% of mobile phone users. The total number of mobile phone base stations nationwide was 12.87 million, of which 4.838 million were 5G base stations. The total number of fixed internet broadband access users of the three major telecommunications companies reached 691 million, with a net increase of 20.99 million for the year. The number of users with access speeds of 1 Gbps and above was 238 million, with a net increase of 31.57 million for the year, accounting for 34.5% of the total user base

AASTOCKS·
HK
00762
-0.62%
SH
600050
0.00%
SH
515050
-1.97%
AASTOCKS·
HK
00762
-0.62%
SH
600050
0.00%
SH
515050
-1.97%

Hong Kong stock market intraday | The Hang Seng Index briefly rose above 28,000 points, the Technology Index retreated, WELIFE TECH surged 98%

In the Hong Kong stock market, the three major indices showed divergent trends. The Hang Seng Index rose to 27,931.62 points, up 0.38%, once again setting a new high for the period. The Technology Index fell back, dropping 1.24% during the session, with a clear rotation structure among sectors. Internet content and information, hardware, and other sectors experienced fluctuations, while the retail sector generally declined, with leading company Alibaba -W down 0.69%. Stocks such as Sunac China, WELIFE TECH, and SOUTH MANGANESE showed significant movements, becoming the focus of market attention. The market's liquidity and macro expectations dominated short-term performance

Market Heartbeat·
HK
00700
+0.08%
HK
01024
+0.24%
Market Heartbeat·
HK
00700
+0.08%
HK
01024
+0.24%

According to Citigroup in "The Big Banks," NetEase's online gaming revenue for the last quarter is expected to increase by over 9% year-on-year, maintaining a "Buy" rating

Citigroup expects NetEase's online gaming revenue for the last quarter to grow by 9.2% year-on-year, with total revenue expected to increase by 6.5% to RMB 28.5 billion. The company will announce its fourth-quarter results on the 11th of next month, mainly driven by flagship games such as "Fantasy Westward Journey." Citigroup maintains a "Buy" rating on NetEase with a target price of $161 for its U.S. stocks, predicting a total revenue growth of 3.3% in the first quarter of this year

AASTOCKS·
AASTOCKS·

Hong Kong Stock Midday Review | The Hang Seng Index Hits New Highs During Trading, Property Stocks Surge, Small-Cap Stocks Active

As of noon, the Hong Kong stock market showed mixed performance. The Hang Seng Index rose by 0.52%, reaching a new high for the period, indicating a warming market sentiment; the Hang Seng Tech Index slightly declined due to profit-taking. The retail sector performed weakly, with a clear divergence in the internet and hardware sectors. With the alleviation of difficulties, funds are focusing on domestic property stocks. The overall market is paying attention to changes in macroeconomic recovery and consumer resilience

Market Heartbeat·
HK
00700
+0.08%
HK
01024
+0.24%
Market Heartbeat·
HK
00700
+0.08%
HK
01024
+0.24%

Is Now The Time To Look At Buying Meitu, Inc. (HKG:1357)?

Meitu, Inc. (HKG:1357) has seen a share price increase of over 10% recently, but it remains below its yearly peak. Analysts suggest the stock is currently overvalued with a price-to-earnings ratio of 36.84x compared to the industry average of 15.88x. Despite a projected profit growth of 74% in the coming years, potential investors may want to wait for a price decline before buying. Current shareholders might consider selling if they believe the stock is overpriced. Meitu also faces certain risks that investors should be aware of.

Simplywall·
HK
01357
+0.25%
Simplywall·
HK
01357
+0.25%
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On its HK debut today, $BUSYMING(01768.HK) surged over 88%. The deal was ~1,900x oversubscribed, with Tencent and Temasek among the cornerstone backers, igniting the market for the first bulk-snack re...

Compared to BIDU's AI hype, BABA feels undervalued, anyone thinks so?🤔

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