Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
TENCENT: This Yr's Buyback Amt to Exceed $100B Target
Recommend 28 Positive 39 Negative 17 |
||||
|
||||
|
TENCENT (00700.HK) stated during its analyst conference call that the group's revenue growth momentum remains strong despite headwinds in the macro environment, Chinese media reported. The group has set a $100 billion stock buyback target for this year, with slightly over $90 billion already completed, and it is believed that the full-year target of $100 billion will be surpassed. As for next year, TENCENT will consider potential factors affecting shareholder returns and is willing to share more value with shareholders. TENCENT also stated that the stimulus policies announced by the Chinese government in September and October are indeed beneficial to the economy, leading to positive changes in transaction volume. Believing that the policy direction is constructive and timely, the group maintains a positive outlook on the long-term economic prospects. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
