16/5/2018-5

2.1 billion “Air Force” Raid Tencent loses share price

Tencent (00700) was attacked by the “Air Force” on the eve of its release, and the short-selling rate hovered to 15.7% over a one-month high, dragging down the shares and the market to stop the continuous rise. The investment community refers to the “shareholders” who have increased light friends for gambling incentives in the past five consecutive years. If the stock price falls below 388 yuan, it can be used for long-term deployment.

The HKMA took another HK$1.57 billion

The 10-year U.S. debt interest rate has risen to a high of nearly 7 years. The U.S. dollar index hit a record high of 93.46 this year. HKEx hits 7.85 weak exchange guarantee level again. The HKMA took another HK$1.57 billion offer this morning and the balance of the banking system will fall. 1,269.29 billion yuan. The US stocks once retreated more than 200 points in the early stages. From the morning till midnight, the night time reported 30,792 points, down 198 points. Tencent’s American Depositary Receipts (ADR) fell by 3.5 yuan compared to Hong Kong’s closing price, and the overall blue chip ADR fell by 37 points.

The light friends had started to make up Tencent earlier this morning. The short-selling amount of the shares had reached 1.15 billion yuan in the first half of the day. The stock price fell drastically from 411.8 yuan to 399 yuan in 2 hours and a half, and the 405 yuan big share price fell instantly. The short-selling turnover amounted to 2.1 billion yuan, accounting for 15.7% of the total turnover of the shares. Compared to the first 10 trading days of the month, the daily average short-selling ratio of the shares was only 5.4%. In addition, Beishui again sold 650 million yuan Tencent net yesterday, holdings for 4 consecutive days, Tencent yesterday to close at a low of 398 yuan per day, down 3.4%.

Liang Guanye, executive director of Haitong International Investment Strategy, analyzed that Tencent’s management has adjusted its optimistic expectations in March’s performance meeting. For example, it implied that the gross profit and game business are under pressure. In particular, the stock price has soared by nearly 10% in just a few days. The motives of the camp to bet on the market before performance. However, the trend of the stock price in recent months has reflected the cooling of optimism. Unless the growth in the first quarter is far behind expectations, there is little room for the valuation to fall again. The bank estimates that Tencent’s non-GM accounting net profit will increase by 30% year-on-year in the first quarter, which is similar to market expectations.

Cumulative increase in bonuses

Yao Xuanbin, chief executive officer of Yaocai Securities, pointed out that the market has magnified Tencent’s game revenues by the quarterly retreat, and the popularity of the hot-player “Glory to the Kings” has dropped again. This has pushed the stock price under pressure in the past few months. It is recommended that investors watch the quarterly performance, especially It is the performance of the game and the profit contribution of the associate company before it is used for investment deployment.

The Hang Seng Index closed at 31,152 points yesterday, down 389 points, ending the strong trend of 1614 points on the 6th. The market turnover was 103.2 billion yuan, and the short-selling ratio was 12.8%. Tencent’s 7% of VIP Group (US: VIPS), non-GAAP net profit fell 9% year-on-year to nearly RMB 730 million in the previous quarter, and this quarter’s earnings outlook was lower than analysts’ estimates, dragging down the VIP share price yesterday. In the early period, it had plunged 21.7%.