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In the third quarter, 192 million people made inbound and outbound trips, with over 70% of foreign arrivals receiving visa-free entry. (Xinhua)

2026-10-20

In the third quarter, 192 million people made inbound and outbound trips, with over 70% of foreign arrivals receiving visa-free entry. (Xinhua)

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2026-10-20

Iranian Foreign Ministry spokesman Bagaei: Egypt’s role in the war between Saudi Arabia and the Houthis has worsened the situation.

Iranian Foreign Ministry spokesman Bagaei: Egypt’s role in the war between Saudi Arabia and the Houthis has worsened the situation.
2026-10-20

Nomura cut its target price on Tencent (00700.HK) to HK$659, citing profit pressure from continued AI investment. It said Tencent’s Q3 revenue was roughly in line, up 9% YoY, but non-IFRS operating profit fell 3% YoY to 70.3 bln yuan, about 2% below

Nomura cut its target price on Tencent (00700.HK) to HK$659, citing profit pressure from continued AI investment. It said Tencent’s Q3 revenue was roughly in line, up 9% YoY, but non-IFRS operating profit fell 3% YoY to 70.3 bln yuan, about 2% below market expectations. Non-IFRS operating margin slid 4.1ppt YoY to 33.5%. Capital expenditure rose to 58.7 bln yuan, up 11% QoQ and 352% YoY. Nomura trimmed FY2026 and FY2027 non-IFRS EPS forecasts by 2% and 3% respectively to reflect margin strain from AI spending and slightly slower games growth. Rating stays Buy; new PT implies 19x FY2027 PE versus the stock trading at c.12x FY2027f PE.
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