Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
TENCENT ADRs Dive 4.6% as Mgmt Mulls Appropriately Reducing Buybacks
Recommend 24 Positive 38 Negative 36 |
||||
|
||||
|
TENCENT (00700.HK)(TCEHY.US) ADRs shrank, closing down 4.6% at USD66, with an intraday low of USD65.55, marking a decline of 5.3% at one point. TENCENT President Martin Lau stated at the earnings conference yesterday (18th) that last year's capex missed expectations due to constraints such as GPU supply. If conditions permit this year, the group intends to amplify capex, with investments in AI and models at least doubling. As such, the company may appropriately reduce share buybacks, while the dividend policy will continue, Lau said. The group plans to flexibly balance investment and shareholder returns. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
