Duan Yongping, who has been "buying dips" in Tencent recently, expressed his views on Tencent's stock buyback in Xueqiu. When Duan Yongping checked Tencent’s buyback report yesterday, he said,Except for a slight decrease in the number of Tencent shares in 2023 compared with 2022, Tencent has increased in other years, and the number of shares in 2023 is actually more than in 2016.He pointed out,This kind of buyback is actually a bonus to employees.
Statistics show that Tencent has repurchased more than 110 times this year, about once every three days, with a total repurchase amount of more than 40 billion Hong Kong dollars.
This year, more than 190 companies in the Hong Kong stock market have implemented buybacks, with the buyback amount exceeding HK$110 billion, of which Tencent alone accounts for more than one-third.
The report posted by Duan Yongping shows that,This year, Tencent’s repurchase funds accounted for 28.52% of net profit, almost double compared with 15.83% last year.
At the same time, Tencent's equity incentives accounted for 20% of net profit for the first time, reaching 21.33%, a significant increase from 13.91% last year, and only about 10% in previous years.
On August 17 this year, Tencent announced that the awards granted to employee participants under the terms of the share award plan involved 44.385 million award shares, worth up to HK$14.77 billion.