Tencent continued to spend HK $101 million to buy back 230000 shares at a repurchase price of HK $432 to HK $443.8 per share, marking Tencent's third consecutive trading day this year.

Prior to this, Tencent bought back 180000 shares, involving a capital of 76.9651 million Hong Kong dollars, on August 19; on the 20th, Tencent bought back 240000 shares, involving a capital of about 101.7 million Hong Kong dollars.

It is worth noting that Tencent's share price has continued to rise since it announced the buyback. Today, Tencent closed up 8.8% at HK $472.It rose 12% in the three trading days from August 20 to 24.

Tencent carried out a series of buybacks as if to give investors a reassurance, the market also seems to repair pessimistic expectations to begin to heal the model, investment sentiment gradually return to rationality, see the dawn of valuation repair.

ReviewTencent 21 Q2 financial report is not difficult to find that the company's performance basically exceeded expectations, games, financial technology business is eye-catching.Financial technology and corporate services contributed 30 per cent of revenue for the first time, close to the largest business.

Q2Revenue 138.2593 billion(RMB, the same below), an increase of 20.3% over the same period last year; the adjusted net profit was 34.039 billion yuan, an increase of 13% over the same period last year. Revenue from financial technology and corporate services increased 40 per cent in 41.892 billion compared with the same period last year, contributing 30 per cent to revenue for the first time, less than a percentage point behind that of the largest business games.

CICC believes that in the short term, investors are expected to benefit from bargain-hunting opportunities in sectors with clearly attractive valuations due to recent excessive selling. The valuations of some leading stocks in the technology sector have fallen to the bottom of the historical range.