Tencent shifts focus to majority deals, overseas gaming assets for growth-sources

Saturday, October 1, 2022 6:00 AM

However, it is now aggressively seeking to own majority or even controlling stakes in overseas targets, notably in gaming assets in Europe, the four people with direct knowledge of the matter told Reuters. Tencent told Reuters the company had been investing abroad for a long time - "long before any new regulations" in China. Tencent's chief strategy officer, James Mitchell, said on a post-earnings call in August the company would remain active in acquiring new game studios overseas. "In terms of the game business, our strategy is ... to focus on developing our capabilities especially in the international market," he said. Against that backdrop, Tencent has barely made investments in China this year versus 27 deals worth $3 billion offshore, Refinitiv data show.

Related Symbols : AMZN, ATVI, FDEV, MSFT, PDD, SPOT, SUMO, TCEHY, TSLA

Company : Amazon.com Inc

Category : Business & IndustrialEnergy & UtilitiesOil & Gas

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Sebi eases minimum shareholding norm for sponsors of Reits

Saturday, October 1, 2022 5:59 AM

MUMBAI: The Securities and Exchange Board of India (Sebi) has reduced the minimum holding requirement of Real Estate Investment Trust (Reits) units by sponsors to 15% from 25%. Sebi board also introduced a process for winding down of clearing corporations, for facilitating online bond platforms. Accordingly, such platforms should register as stock brokers under the debt segment with Sebi or be run by Sebi-registered brokers. “The objective is to increase participation of the retail investors," Sebi said. Sebi also made changes to regulations governing alternative investment funds (AIFs) to ensure asset managers specify the date of closure of the scheme.

Related Symbols : AIFS, OFS

Company : Agent Information Software Inc

Category : Business & IndustrialEnergy & UtilitiesOil & Gas

#funds #25 #norm

NetSol Technologies (NASDAQ:NTWK) Downgraded by TheStreet

Saturday, October 1, 2022 5:57 AM

TheStreet downgraded shares of NetSol Technologies (NASDAQ:NTWK – Get Rating) from a c rating to a d+ rating in a research report report published on Wednesday, TheStreetRatingsTable reports. Separately, StockNews.com initiated coverage on NetSol Technologies in a research report on Monday, September 26th. Get NetSol Technologies alerts:NetSol Technologies Stock PerformanceShares of NetSol Technologies stock opened at $3.14 on Wednesday. NetSol Technologies has a one year low of $2.74 and a one year high of $5.65. Featured StoriesReceive News & Ratings for NetSol Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSol Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Related Symbols : NTWK

Company : Netsol Technologies Inc

Category : FinanceInvestingStocks & Bonds

#system #nasdaqntwk #ratio

Ritchie Bros. Auctioneers Incorporated (TSE:RBA) Receives C$68.00 Average PT from Brokerages

Saturday, October 1, 2022 5:57 AM

Get Ritchie Bros. Auctioneers alerts:Ritchie Bros. Auctioneers Stock Down 1.5 %RBA stock opened at C$86.31 on Monday. The business’s fifty day moving average price is C$89.75 and its two-hundred day moving average price is C$81.16. Ritchie Bros. Auctioneers Increases DividendRitchie Bros. Auctioneers ( TSE:RBA Get Rating ) (NYSE:RBA) last posted its quarterly earnings data on Thursday, August 4th. Ritchie Bros. Auctioneers Company Profile(Get Rating)Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. Featured StoriesReceive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.

Related Symbols : NKSH, RY

Company : National Bankshares Inc

Category : FinanceInvestingStocks & Bonds

#incorporated #price #ratio

Home Capital Group Inc. (TSE:HCG) Receives C$42.00 Consensus Target Price from Analysts

Saturday, October 1, 2022 5:57 AM

Scotiabank increased their price target on shares of Home Capital Group from C$37.00 to C$39.00 in a research note on Friday, August 5th. Home Capital Group Stock PerformanceHCG stock opened at C$27.50 on Monday. Equities analysts forecast that Home Capital Group will post 5.6100004 EPS for the current fiscal year. Home Capital Group Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Featured ArticlesReceive News & Ratings for Home Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Related Symbols : NKSH

Company : National Bankshares Inc

Category : FinanceInvestingStocks & Bonds

#c4200 #price #group

Oppenheimer Weighs in on Genius Sports Limited's Q4 2022 Earnings (NYSE:GENI)

Saturday, October 1, 2022 5:57 AM

Genius Sports Limited (NYSE:GENI – Get Rating) – Oppenheimer upped their Q4 2022 earnings estimates for Genius Sports in a report released on Monday, September 26th. Oppenheimer also issued estimates for Genius Sports’ FY2023 earnings at ($0.52) EPS and FY2025 earnings at ($0.21) EPS. Get Genius Sports alerts:Genius Sports (NYSE:GENI – Get Rating) last released its quarterly earnings data on Tuesday, August 16th. Schrum Private Wealth Management LLC purchased a new position in shares of Genius Sports in the first quarter worth about $39,000. Finally, MBE Wealth Management LLC purchased a new position in shares of Genius Sports in the second quarter worth about $28,000.

Related Symbols : C, CS, GBL, GENI, TFC

Company : Citigroup Inc

Category : NewsBusiness News

#price #shares #earnings

A.G. Barr (OTCMKTS:BAGFF) Cut to "Hold" at Liberum Capital

Saturday, October 1, 2022 5:57 AM

Liberum Capital downgraded shares of A.G. Barr (OTCMKTS:BAGFF – Get Rating) from a buy rating to a hold rating in a research note published on Wednesday, The Fly reports. Get A.G. Barr alerts:A.G. Barr Company Profile(Get Rating)See AlsoA.G. BARR p.l.c., together with its subsidiaries, manufactures, distributes, and sells soft drinks in the United Kingdom and internationally. The company operates through three segments: Carbonated Soft Drinks, Still Soft Drinks and Water, and Funkin. It provides carbonated and flavored soft drinks, drinks with spirit, fruit cocktails, fruit juices, spring and sparkling water, fruit drinks, energy drinks, iced tea, and other non-alcoholic beverages. Receive News & Ratings for A.G. Barr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.G. Barr and related companies with MarketBeat.com's FREE daily email newsletter.

Related Symbols : BAGFF

Company : Barr(A.G.) plc

Category : FinanceInvestingStocks & Bonds

#otcmktsbagff #drinks #fruit

StockNews.com Upgrades Diodes (NASDAQ:DIOD) to Buy

Saturday, October 1, 2022 5:56 AM

Diodes (NASDAQ:DIOD – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday. The semiconductor company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. Following the sale, the chief financial officer now owns 27,125 shares in the company, valued at $1,627,500. Truvestments Capital LLC acquired a new position in shares of Diodes in the 2nd quarter valued at $36,000. Finally, Archer Investment Corp purchased a new stake in shares of Diodes during the 1st quarter valued at $50,000.

Related Symbols : DIOD, WFC, WFC-WS

Company : Diodes Inc

Category : FinanceInvestingStocks & Bonds

#nasdaqdiod #shares #valued