by winston » Thu Dec 18, 2014 2:46 pm
not vested
<Stock on Move>TENCENT jumps on rising game sales in China
TENCENT (00700.HK) is snapping the three consecutive days of loss and it was last traded at $111.3, up 5.7%, on volume of 33.63 million shares as the scale of China game industry exceeded RMB100 billion for the first time, coupled with the rebound of tech stocks in the US last night.
Goldman Sachs has maintained the target price at $146 to reflect the bullish prospect of advertising business of WeChat.
Meanwhile, KINGSOFT (03888.HK) was last traded at $15.36, up 2.5%; BOYAA (00434.HK) was last traded at $5.75, up 4.5%; NETDRAGON (00777.HK), in contrast, was last traded at $13.56, down 0.9%, bucking the broad trend.
According to 2014 China Game Industry Report, this year, China game market sales revenue rose 37.7% to RMB114.48 billion, with users rising 4.6% to 517 million.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"