If others and Xiaobian say that Tencent is just an ordinary company, Xiaobian does not believe it, and will only think that this is a new creation of paragraphs such as Ali Jack Horse and nothing; I don't know his wife Liu Qiangdong, Peking University also does sa Bening.
And this statement from Ma Huateng's mouth is more worth playing.
Tencent is just an ordinary company?
According to the "LatePost" news, at the staff meeting at the end of last year, Ma Huateng expressed his thoughts on a series of changes that occurred in 2021, saying that Tencent is just an ordinary company during the great development of the national society, a beneficiary under the wave of national development, not a basic service, which can be replaced at any time.
In the future, when Tencent serves the country and society, it will be able to do not lack, do a good job, do not overstep, do a good job as an assistant, and do a good job as a connector.
As far as the country is concerned, Tencent is naturally an ordinary company, but as far as the Internet field is concerned, Tencent is not ordinary at all.
Tencent has two core capabilities, one is traffic and the other is capital. After ten internal executives and expert dialogues and seminars in 2011, Tencent established a strategy of "cutting out the repetitive, unprofitable, bad prospects, and not being good at everything and handing them over to the vertical giants of strategic investment to operate."
In terms of personnel, we reuse Martin Lau from investment banks. Since then, Tencent has begun to soar in the pace of investment, and Sogou, Dianping, Meituan, JD.com, 58, Didi, Vipshop, Pinduoduo, etc. have become the targets of Tencent's investment.
In the field of games that make the most money, in recent years, Tencent has successively acquired two game studios, Fist and Blue Hole, plus the addition of Tencent Reading and QQ and WeChat platforms, Tencent has a complete game ecological chain from content IP, to product and research and development, to game operation and distribution, and is currently the most mature enterprise in the game industry ecology.
In terms of social networking, Tencent's influence does not need to be repeated, and how many smartphones do not install WeChat now?
Internet technology stocks suffered a cold winter last year
But it is such a company, Ma Huateng issued a "Tencent is just an ordinary enterprise" sigh, but also surprising and lamentable.
What kind of mood Ma Huateng was in when he said this is unknown to outsiders, but the unprecedented cold winter that Internet technology stocks encountered in Hong Kong stocks throughout the year last year is on the surface.
Hong Kong stocks are at the bottom of the world's major stock markets in 2021, with the Hang Seng Index falling 14% in a year and the Hang Seng Technology Index falling 32.7% for the whole of 2021.
The market value of 30 Hang Seng Technology Index constituent stocks in the whole year reached 6, namely: Ali Health, down 71.2%; Ping An Good Doctor, down 69.8%; Autohome, down 68.0% ; Mingyuan Cloud, down 62.8%; JD Health, down 59.0%; Bilibili, down 55.6%.
Meanwhile, Alibaba's Hong Kong stocks fell 48.8 percent and Tencent Holdings' 18.7 percent drop in 2021.
The sharp correction of Internet technology stocks naturally cannot avoid a big background, that is, the state's anti-monopoly investigation in the Internet field. From Ali's 18.228 billion to Meituan's 3.442 billion, Tencent, a big man in the Internet field, naturally cannot escape the market wearing a magnifying glass.
People are speculating about when it will be Tencent's turn to impose heavy penalties. However, at a time of speculation, Tencent has taken the initiative to make changes.
Tencent Holdings announced on December 23 that it would distribute approximately 460 million Class A ordinary shares of JD.com Group to its shareholders. After the distribution, Tencent's shareholding in JD.com will be reduced from 17% to 2.3%, and it will no longer be the largest shareholder. In this distribution, Tencent shareholders who receive JD.com shares will become new shareholders of JD.com.
For Tencent's move, some analysts believe that Tencent is mainly due to three factors such as investment strategy adjustment, anti-monopoly, and financial management, which can be described as "one stone and many birds". At the same time, it also reflects the unique "Tencent style" in investment and exit.
This year's opportunity in Hong Kong stocks?
Finally, in the face of the continuous decline in stock prices, Hong Kong listed companies have also begun to buy back shares. Taking Tencent as an example, from January 5 to January 10, Tencent's cumulative repurchase costs of HK$814 million. On the evening of the 11th, Tencent announced that it would repurchase 440,000 shares on the 11th, with a price range of HK$454.2 to HK$461.8 and a cost of about HK$202 million.
In addition, as of 31 December 2021, a total of 191 listed companies in Hong Kong stocks had repurchased, with a cumulative repurchase amount of HK$38.246 billion.
It is worth noting that buybacks generally occur when the market is relatively weak, after all, the cost of buybacks in weak markets is much less.
Looking back at history, since 2008, Hong Kong stocks have had five rounds of repurchase waves of companies, all of which occurred under the weak market, such as the weak market in 2008, but it was also a year of big buybacks, when the Hang Seng Index fell by more than 48%, but turned around, the Hang Seng Index rose by 52% in 2009.
The data of Industrial Securities also shows that the price of the Hang Seng Index and the number of corporate repurchases show a negative correlation trend, and large-scale corporate repurchases often indicate a phased bottom, and the follow-up is accompanied by a rebound market.
So will Hong Kong stocks usher in a rebound this year?
CMB Securities pointed out that the Hang Seng Index fell by 14% last year, and the earnings ratio, price-to-book ratio and relative valuation of A-shares in Hong Kong stock markets all fell to 10-year lows, believing that the upside is larger than the downside, and estimating that the Hang Seng Index will trade in a trading range of 22,500 – 28,400 in 2022.
At the same time, since July 2021, Hong Kong stocks have been affected by domestic policy headwinds, and Hong Kong Stock Connect has recorded a net outflow until the end of November. Since then, Hong Kong Stock Connect has recorded net buying in the last five weeks. After five months of net selling, during which the Hang Seng Index plunged 5,000 points, the Hong Kong Stock Connect has finally resumed net buying, indicating that mainland investors are interested in Hong Kong stocks.
In addition, a key catalyst for the upward revaluation of Hong Kong stocks is the policy support of the mainland. After a year of tightening regulations on a number of industries, the national policy is now more focused on stabilizing economic growth.