SG#TENCTRC2609Y

THELLOY DEV

LOTUS HORIZON

MIRICOR

NIU HOLDINGS

DAISHOMICROLINE

MODERN CHI MED

CHINA TIANRUI

MSCTECH

NORTH MINING

SEVEN ELEMENTS

XIACY

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TCTZF

TCEHY

BABA

BABX

KBAB

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BABO

According to the Hong Kong Stock Connect data, the TRACKER FUND experienced a net outflow of HKD 13.382 billion, becoming the stock with the highest net outflow of funds. In contrast, Xiaomi Corporation, Alibaba, and Tencent achieved net inflows of HKD 2.459 billion, HKD 2.037 billion, and HKD 679 million, respectively. The total net outflow for the day from the southbound trading was HKD 0, with a total transaction amount of HKD 139.271 billion, accounting for 40.66% of the total market transaction volume

AASTOCKS

Xiaomi Corporation

BABA-W

TENCENT

Tencent Holdings Limited

Tencent

Alibaba

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

TRACKER FUND

YieldMax BABA Option Income Strategy ETF

Net outflow of HKD 13.382 billion from the Stock Connect Tracker Fund

Morgan Stanley has reaffirmed its Buy rating on Tencent Holdings (TCTZF), setting a price target of HK$650.00, while the stock closed at HK$513.00. Analyst Gary Yu is ranked #9293 out of 12068 analysts. The overall analyst consensus for Tencent is a Strong Buy, with an average price target of HK$750.46, indicating a potential upside of 46.29%. Citi also maintains a Buy rating with a higher price target of HK$787.00.

- Gary Yu from Morgan Stanley upheld a Buy rating on Tencent Holdings, setting a price target of HK$650.00, while the shares closed at HK$513.00.  
- TipRanks indicates a Strong Buy consensus for Tencent, with an average price target of HK$750.46, suggesting a potential upside of 46.29%.  
- Additionally, Citi also maintained a Buy rating on Tencent, with a higher price target of HK$787.00.

Tip Ranks

Morgan Stanley Keeps Their Buy Rating on Tencent Holdings  (TCTZF)

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The short selling amount in the Hong Kong stock market reached HKD 26.86 billion in the first half of the day, accounting for 20.6% of the total shortable stock turnover of HKD 130.29 billion. The previous day was 27.1%. Major shorted stocks include TRACKER FUND with a short selling ratio of 26.4% and a short selling amount of HKD 4.33 billion; XIAOMI-W with a short selling ratio of 34.1% and a short selling amount of HKD 2.7 billion; BABA-W with a short selling ratio of 15.5% and a short selling amount of HKD 2.04 billion; HSCEI ETF with a short selling ratio of 40% and a short selling amount of HKD 1.99 billion; and TENCENT with a short selling ratio of 16.8% and a short selling amount of HKD 1.01 billion

HSCEI ETF

XIAOMI-W

The short selling in the Hong Kong stock market for half a day was HKD 26.86 billion, accounting for 20.6% of the turnover of shortable stocks

Daiwa released a research report stating that Tencent's performance in the fourth quarter of 2025 is solid, with international gaming and cloud business performance exceeding market expectations, and gross margin rising to 56%. Despite increased AI investments and expenditures, Tencent's core businesses such as gaming, advertising, cloud, and fintech benefit from AI, supporting short-term profitability. The report forecasts a 4% upward adjustment in Tencent's earnings per share for the next two years, reiterating a "Buy" rating with a target price of HKD 725

Dai Hang: Daiwa: Tencent's quarterly results are stable, AI investment accelerates, reiterates "Buy" rating

Mizuho Securities analyst Wei Fang has maintained a Hold rating on Tencent Holdings (TCTZF) with a price target of HK$665.00. Fang, a 3-star analyst, has an average return of 5.4% and a 49.09% success rate. The overall analyst consensus for Tencent Holdings is a Strong Buy, with an average price target of HK$763.32.

- Mizuho Securities analyst Wei Fang has maintained a Hold rating on Tencent Holdings, setting a price target of HK$665.00.  
- Fang, a 3-star analyst, focuses on the Communication Services sector and has an average return of 5.4% with a 49.09% success rate.  
- The overall analyst consensus for Tencent Holdings is a Strong Buy, with an average price target of HK$763.32.

Tencent Holdings  (TCTZF) Receives a Hold from Mizuho Securities

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Fangzhou Inc. (HK:6086) reported a 30.2% revenue increase to RMB3.53 billion in 2025, achieving a net profit of RMB12 million, reversing a loss from 2024. The company saw a 35% rise in average monthly active users to 13.7 million and expanded its network of registered doctors to over 251,000. Fangzhou launched the "XingShi" large language model to enhance clinical decision-making and formed strategic partnerships with major players like Tencent and Novo Nordisk. The current analyst rating for its stock is a Hold with a price target of HK$2.50.

- Fangzhou Inc. reported a strong operational year in 2025, with revenue increasing by 30.2% to RMB3.53 billion and a net profit of RMB12.0 million.  
- Key metrics included a 35% rise in average monthly active users to 13.7 million and the establishment of strategic partnerships with major players like Tencent and Novo Nordisk.  
- The current market cap stands at HK$2.06 billion, and the latest analyst rating for the stock is Hold with a price target of HK$2.50.

FANGZHOU JIANKE

Fangzhou Swings to Profit as Revenue Surges and Digital Health Platform Expands

WeChat Security Center issued a notice stating that black and gray industry groups are abusing artificial intelligence to generate content services, producing web pages containing violations such as pornography and gambling in bulk, and spreading them through the platform's sharing mechanism. The platform will handle the violating links in accordance with relevant laws, regulations, and agreements, including restricting access

Wallstreetcn

The WeChat Security Center issued a governance announcement targeting the dissemination of malicious links through the abuse of artificial intelligence-generated content services

00HSI

The market fell due to the escalation of the conflict between the U.S. and Iran and the impact of Tencent's performance. The Federal Reserve kept interest rates unchanged, with expectations of future rate cuts, and the market reacted hawkishly. The Hang Seng Index dropped 2% to close at 25,500 points, with a turnover of HKD 306.214 billion. Tencent's stock price fell by 6.8%, while Xiaomi rose against the trend by 3.4%. Northbound capital recorded a net inflow of HKD 26.19 billion

Hang Seng Index

The expectation of interest rate cuts cools down, the Hang Seng Index falls by 2%, net inflow from the north reaches HKD 26.1 billion, Tencent drops over 6% after earnings

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- On March 18, 2026, Tencent reported a revenue of 751.8 billion yuan for 2025, reflecting a 14% year-on-year growth.  
- President Liu Chiping explained that limited GPU supply restricted capital expenditure, although the company still spent on AI capabilities through resource rentals to meet internal demand.  
- Following the report, Tencent's stock fell over 6%, signaling market skepticism about the company's conservative AI spending strategy compared to competitors like ByteDance and Alibaba, who are aggressively investing in this space.

Guotai CSI Animation Game ETF

iShares MSCI China

ChinaAMC CSI Animation Game ETF

First Trust S-Network Streaming and Gaming ETF

VanEck Video Gaming and eSport ETF

Wedbush ETFMG Video Game Tech ETF

Global X Video Games & Esports ETF

Krne Csi China Internet

Tencent's AI Gamble: Backend Pretends to be Poor, Frontend Goes Crazy

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Hong Kong stocks fell due to the escalation of the U.S.-Iran conflict and rising oil prices, with the Hang Seng Index closing down 524 points at 25,500 points, the National Index down 139 points, and the Hang Seng Tech Index down 112 points. Tencent fell 6.8% to HKD 513, Alibaba fell 4.1%, and Meituan rose slightly by 0.5%. AI stocks generally retreated, with KNOWLEDGE ATLAS and MiniMax falling 11.2% and 13.9%, respectively. The overall market turnover was HKD 306.214 billion

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KNOWLEDGE ATLAS

"Hong Kong Stocks" Hang Seng Index closed down 524 points, metal resource stocks declined, AI stocks retraced

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0319 | Dolphin Research Watchlist: 🐬 Macro/Industry 1) On Mar 18 (ET), the Fed kept the benchmark rate unchanged at 3.50%-3.75%. The latest dot plot now points to just one cut in 2026 (25bps), a sharp pullback from the prior 2–3 cuts.Powell struck a hawkish tone at the presser, saying the oil spike driven by Middle East tensions is feeding into core inflation. He also confirmed that if a successor is not confirmed by Congress in time, he would stay on as 'acting chair'...

Xiaomi MiMo model scores a hat-trick; COIN targets AI payments with stablecoins | Daily News Recap

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The Hang Seng Index closed at 25,500 points, down 524 points or 2.0%. The Hang Seng Tech Index reported 4,996 points, down 112 points or 2.2%. The total market turnover was HKD 306.214 billion. Tencent fell 6.8% to HKD 513, Alibaba dropped 4.1% to HKD 132, and Xiaomi Group rose 3.4% to HKD 36.32. Among active stocks, Zijin Mining fell 7.1%, China Hongqiao dropped 6.7%, and Kuaishou decreased 6.2%

E Fund CSI HK Connect Internet ETF

XI2CSOPHSTECH

FI2 CSOP HSI

XL2CSOPHSTECH

FI CSOP HSI

FL2 CSOP HSI

Harvest Hang Seng SCHK Technology ETF

Hwabao CSI HK Equities Internet ETF

CSOP HS TECH

According to the "All Day Express," the Hang Seng Index fell by 524 points; the Hang Seng Tech Index dropped by 112 points. Tencent fell over 6%, Alibaba dropped over 4%, and Xiaomi Group rose over 3%. Qingsong Health and CITIC International Telecom reached new highs with active trading

Macquarie's research report indicates that Tencent's performance in Q4 2025 is expected to be strong, with revenue and adjusted net profit growing by 13% and 17%, respectively. Although management is focusing on AI infrastructure and new product development, the potential for AI-enabled margin expansion in the short term may be limited by capital requirements. The firm has lowered its adjusted earnings per share forecasts for 2026 and 2027 by 1% and 3%, respectively, and reduced the target price from 569 yuan to 559 yuan, maintaining a "Neutral" rating, believing that the short-term profit upside is limited

Macquarie: Tencent's short-term profit growth potential is limited, target price lowered to 559 yuan

The planned strike at Samsung will likely cause memory chip prices to go up due to constraints in the supply of memory chips.

Iran retaliation, AI mega-bet, Micron peak, defense IPO moonshot +520%, chip strike threat. ☕️ Grab your coffee and dive into 3 big questions👇

OpenAI

Micron Tech

Amazon

Direxion Daily AMZN Bull 2X Shares

Direxion Daily AMZN Bear 1X Shares

Swarmer

XL2CSOPSMSN

Samsung Electronics 

Direxion Daily MU Bull 2X Shares

iShares Global Timber & Forestry UCITS ETF GBP

iShares S&P Global Timber Forestry

Bio-Techne

Destiny Tech100

Mirae Asset Global Investments Co., Ltd.

☕️ Daily Market Talk | March 18, 2026

TENCENT-R

Tencent HK SDR 10to1

I think this time the gold price is just harvesting retail investors.

望川行

The expectation of only 1 rate cut instead of 2 can be possibly a tailwind for banks and financial institutions. I am surprised that gold price has dropped in reaction to this.

Fed holds rates, one cut expected. Micron revenue doubles, stock volatile. Tencent pivots to AI, Alibaba earnings today. Swarmer +77%. Jump into today's 3 big questions 👇

Lumentum

Invesco QQQ Trust

Proshares UltraPro QQQ

SPDR S&P 500

United States Oil Fund LP

SPDR Gold Shares

iShares Silver Tr

GLD SG

Pro Ultr Silver

CNMC Goldmine

☕️ Daily Market Talk | March 19, 2026

BABA-WR

Alibaba HK SDR 5to1

Federal Reserve stance suggests staying defensive.Favor positions in energy and USD, while avoiding rate sensitive growth sectors.With liquidity tightening again, risk assets may struggle to sustain rallies.Micron Technology is a long-term beneficiary of AI trends, but heavy capital expenditures may lead to near term volatility. The best approach is to accumulate on dips instead of chasing short term gains.Swarmer seems to be driven purely by momentum and speculation. Its valuation is disconnected from fundamentals, creating a high risk of sharp reversals. It’s worth keeping an eye on, but not suitable for aggressive buying

If there is only one interest rate cut, it will definitely be unfavorable for the stock market to rise, and the US dollar will certainly appreciate. Holding US dollar assets is also a good choice.

☁️ Team Cloud here! Alibaba's cloud segment growing 35% is no joke — especially with AI demand exploding in China. The 380B CapEx plan shows they're serious about competing with Tencent and Baidu in the AI space. E-commerce might be slowing, but cloud margins are way better long term. Already holding some, might add more if price dips after earnings.

🚀 Alibaba Earnings Tonight — Cast Your Vote &amp; Earn Rewards! Some say cloud + AI is the new growth engine — 35% growth expected, finally paying off. Others think e-commerce still the bread and butter — but CMR growth slowing to 1-3%, can it hold? And some are watching the cash burn — instant retail losing another 20B, worth it or not? So what actually moves the needle for BABA this time?👇 Drop your vote below! 🎁 Vote, Share &amp; Earn Rewards 🗳️ Participation Reward — Just vote, get 100 Task Coins 💬 Insight Reward — Share this post + 30+ words view → 288 Task Coins 🏆 Top 3 Insights — Best quality picks (platform selection) → Extra SGD 3 Cash Voucher each ⏰ Deadline: 20 Mar 2026, 11:59 PM (SGT)Rewards will be issued within 5-7 working days. $Alibaba(BABA.US)$BABA-W(09988.HK)$BABA-WR(89988.HK)

☁️ Cloud + AI on fire — this is the real story

📦 E-commerce slowing — can the core hold?

🔥 Instant retail bleeding — worth the bet?

💰 Chip spin-off + 380B CapEx — long-term play

👀 Just here to see the chaos

What's the biggest focus for Alibaba this earnings?

BIDU-SW

Baidu

BIDU-SWR

Baidu HK SDR 10to1

Color Star Tech

Swarmer seems 'fun' for speculative trades. Just dont be greedy, good for contra many times within the hours for profit and to make sure to offload if you dont intend to carry in portfolio.

Today’s Key News Recap

Xiaomi HK SDR 2to1

XIAOMI-WR

HWORLD-S

H World

XPENG-W

XPeng

NONGFU SPRING

Coinbase

Why is it…When I call out a stock like $RPI, news outlets like Bloomberg and FT call it a “Meme Stock”? Like GameStop?Then when other analysts like Hedgeye say the same thing a month later…Suddenly it’s an AI trade like Bytedance or Tencent.Do I need to name change to Serenity Risk Management?Source: Serenity

GameStop

Narratives will always try to explain prices how they deem fit. I rather look at what price says! Micron has completed what seems like the first wave up prior to earnings and rather than pop into a third wave gap up, the market looks to be offering a cheaper entry on this post earnings second wave pullback(if premarket dip carries into market open) before resuming its uptrend as a third wave of this fifth wave of a bigger third. Stay focused on the big picture!

Swarmer will continue to be a meme and speculative stock. It clearly detached from fundamental the moment it started trading. Beware of rug pull everyone! Stay away ~

SG#TENCTRC2609Y(63473.HK)

Net outflow of HKD 13.382 billion from the Stock Connect Tracker Fund

Morgan Stanley Keeps Their Buy Rating on Tencent Holdings (TCTZF)

The short selling in the Hong Kong stock market for half a day was HKD 26.86 billion, accounting for 20.6% of the turnover of shortable stocks

Dai Hang: Daiwa: Tencent's quarterly results are stable, AI investment accelerates, reiterates "Buy" rating

Tencent Holdings (TCTZF) Receives a Hold from Mizuho Securities