Hong Kong, Jan 10, 2026, 23:24 (HKT) — Market closed.
- Tencent shares dipped 0.81% to close at HK$611.00 on Friday, down from Thursday’s HK$616.00.
- A filing with the Hong Kong Exchange revealed Tencent bought back 1.039 million shares, shelling out HK$635.9 million at prices between HK$610.50 and HK$616 apiece.
- Tencent will hold a board meeting on March 18 to approve its 2025 annual results and discuss a final dividend.
Tencent Holdings’ shares on the Hong Kong market slipped Friday, despite the company announcing a fresh batch of buybacks.
The stock ended the day at HK$611.00, slipping 0.8%.
Repurchases stand out as a sharp, near-term indicator of how Tencent plans to deploy cash given current prices. By buying stock on the open market, buybacks reduce the number of shares outstanding, often aiming to boost earnings per share.
All eyes turn to March, when Tencent’s board will review the 2025 annual results and decide on a final dividend. This timing brings shareholder returns back into focus, alongside growth.
Tencent’s filing revealed it repurchased just over a million shares on Jan. 9, spending roughly HK$636 million. The shares traded mostly in the low HK$610s range. The company confirmed these shares were bought back for cancellation.
Hong Kong tech stocks have been volatile this week, as investors flock to fresh AI and chip listings. “China’s AI story is only beginning to unfold, so it’s too early to draw conclusions,” said Marco Sun, chief financial market analyst at MUFG (China), following a string of China tech IPO launches.
The broader Hong Kong market edged higher on Friday, with the Hang Seng Index rising 0.32% and the Hang Seng Tech Index climbing 0.15%. Tencent, however, slipped into negative territory. (Xinhua News)
Tencent last reported earnings in November, covering the third quarter. The next major event will be its full-year results and dividend announcement in March.
Macro factors will also shadow the upcoming session. Investors worldwide are focused on U.S. consumer inflation data set for Jan. 13, along with Taiwan Semiconductor Manufacturing Co’s earnings report due Jan. 15, seeking signals on interest rates and the AI investment trend.
The chart shows the market holding HK$610 as a near-term floor. Falling below that would push the stock toward the bottom of its recent range. On the upside, traders eye HK$617–HK$620 as the first zone for a bounce.
Buybacks won’t provide a safety net. If risk appetite drops or China internet earnings fall short on ads or games, demand can evaporate quickly, sending the stock lower despite corporate purchases.
When trading kicks off Monday, all eyes will be on whether Tencent continues snapping up shares around HK$610 and if tech sentiment stays steady. The key date, though, is March 18, when the board reviews results and might announce a final dividend.
