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Real-time News
On January 21st, Daiwa Securities issued a research report re-evaluating its forecast for Tencents (00700.HK) performance last quarter. The report anticipates a slowdown in the groups domestic gaming business due to seasonal factors and a high base effect, while the international gaming business is expected to stabilize after an exceptionally strong third quarter. Furthermore, the report states that recruitment costs for AI talent and GPU leasing will put upward pressure on operating expenses. The report lowered its forecast for the groups gaming revenue for the period due to Tencents overall weak revenue performance last quarter, expecting domestic gaming revenue to reach RMB 37.3 billion, representing a year-on-year increase of 12% but a quarter-on-quarter decrease of 13%. Daiwa lowered its 2026-2027 earnings per share forecast for Tencent by 1-2%, reiterated its "Buy" rating, but lowered its target price from HKD 750 to HKD 725.Apples status page indicates that the issues with the App Store, Apple TV, and iTunes Store have been resolved.Piper Jaffray: Lowered its target price for Netflix (NFLX.O) from $140 to $103.On January 21st, several securities industry professionals stated that the official opening of the Hainan Free Trade Port is a significant milestone in my countrys financial opening-up process, and securities firms have a significant role to play in this process. Currently, securities firms are deeply involved in the construction of the Hainan Free Trade Port through multiple paths, including cultivating local industrial chains, expanding cross-border asset management business, and assisting in state-owned enterprise reform. Beyond industrial empowerment, cross-border asset management is becoming another key area for securities firms expansion in Hainan. According to information on the official website of the Hainan Securities Regulatory Bureau, seven institutions, including Jinyuan Securities and Wanhe Securities, have already completed the registration for pilot cross-border asset management business in the Hainan Free Trade Port.The White House: After Air Force One took off, the crew discovered a “minor electrical problem.” Out of an abundance of caution, we are returning to Joint Base Andrews and will land on a new aircraft.
