Tencent 0700 02 (Jan 15 - Dec 17)

Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Mon Oct 23, 2017 6:54 am

Tencent’s Pony Ma sells US$269m worth of shares in the business

Source: SCMP

http://www.scmp.com/business/companies/ ... s-business
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Wed Oct 25, 2017 11:55 am

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<Research Report>CICC Lifts TENCENT Target to $406; Expects 3Q17 Non-GAAP Net Profit to Lift 40%

CICC, in its report, said TENCENT (00700.HK) will unveil the 3Q17 results in mid-November.

In CICC forecast, the revenue will rise 52.7% yearly to RMB61.7 billion, ahead of street consensus, while the non-GAAP net income will grow 40% yearly to RMB16.4 billion, also more satisfactory than market estimates.

The broker lifted the 2017 revenue and profit forecast by 2.4% and 8.6% and target price by 12% to $406 with rating reiterated Buy.

CICC estimated that the 3Q mobile game business will continue to show strong growth momentum, led by Honor of Kings, accompanied by peak season during summer holidays.

The broker projected the mobile game business to have revenue increased by 10% quarterly to RMB16.3 billion.

The broker also mentioned that video segment registered total membership volume over 43 million in September, boosted by multiple popular variety shows.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Mon Oct 30, 2017 1:44 pm

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Tencent: What to Expect from 3Q Earnings

By Adam Routh

Jefferies has raised its price target on Tencent Holdings (700.HK) ahead of the China internet giant's third quarter results on Nov.13.

Analyst Karen Chan forecasts a 54.6% year-on-year jump in third quarter revenue to CNY62.4 billion driven by strong growth in its Mobile Games and Digital Content divisions.

Non-GAAP net profit is expected to come in 40.3% higher at CNY16.5, while with non-GAAP operating margin is expected to drop 5.4 percentage points 31.8% due to higher content cost over summer.

Chan forecasts mobile game revenue of CNY17.1 billion (+16% QoQ, +73% YoY) on the back of stable growth for its hugely popular made-for-smartphone games including gaming sensation Honour of Kings and newly launched King of Chaos.

The analyst expects PC game growth to normalize in the third quarter to about an 8% year-on-year pace following strong 29% growth in the second quarter, partly due to deferred revenue recognition carried over from the first quarter.

Overall advertising revenue is on track to reach CNY43 billion in FY17, +59% YoY, driven by strong summer seasonality of FMCG and entertainment verticals, says Chan.

Chan forecasts digital content services to deliver 50% year-on-year growth in FY17 driven by an an increase in its paying subscribers in video, music, literature and virtual gifting within live broadcast.

Chan maintained her buy rating on the stock and raised her price target to HKD405 a share (from HKD390), implying 16% upside.

Shares in Tencent, which owns social networking tool Wechat, are up 0.63% today. They have gained 84.5% year-to-date.

Source: Barron's Asia

http://www.barrons.com/articles/tencent ... 1509336851
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Thu Nov 02, 2017 8:00 am

Tencent spikes on music arm move

by Janice Huang

Chinese internet giant Tencent Holdings' (0700) share price hit a record high yesterday, buoyed by reports about its plan to spin off its music arm and have it listed in Hong Kong or New York next year to raise at least US$1 billion (HK$7.8 billion), as well as the to-be- listed China Literature.

Tencent Music Entertainment Group, comprised of QQ Music, Kugou and Kuwo apps, has started preparing for an IPO after China Literature's seeking a HK$8.58 billion public offering in the city. Tencent yesterday closed 2.92 percent higher at HK$360.

Tencent Music, which provides free streaming services, has 700 million monthly active users.

However, only about 2.5 percent of its monthly active users, or 17.5 million, are paying customers.

Meanwhile, China Literature, which has reportedly frozen HK$520 billion worth of investors' subscription is tipped to price its IPO at HK$55 per share, at the top of its HK$48 to HK$55 indicative price range.

Source: The Standard
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Thu Nov 09, 2017 9:59 am

Tencent's new blockbuster

by Janice Huang

The new game launched yesterday by Tencent Holdings (0700) has attracted millions of players, raising prospects that it will replicate the huge success of Honor of Kings, the blockbuster game of the Chinese gaming and social media giant.

More than 2.5 million gamers booked yesterday Tencent's new game, Passion Leads Army.

Tencent's new offering refers to the hot game, Playerunknown's Battlegrounds, prompting market analysts to take a positive view on the company's new game.

Tencent's Honor of Kings has been a major contributor to the internet giant's revenue since the game opened to the public in 2015.

In the first half of this year, Tencent's gaming revenue reached 46.7 billion yuan (HK$54.92 billion), 36 percent higher from a year earlier. It cited Honor of Kings, which has about 50 million active users, for the significant revenue growth. Meanwhile, Tencent's call option traded as high as HK$688 and turnover reached HK$11.2 billion.

Tencent now holds 12 percent of Snapchat operator, Snap Inc, Snap said yesterday. The US firm's share price has fallen 20 percent after the market's negative view of its third-quarter results.

Much-slower-than expected advertising revenue and user growth turned off Snap Inc shareholders, fueling a drop in its share price.

Snap's share price stood at US$14.80 (HK$115.44) in premarket trading yesterday, just 2 percent down from Tuesday's close of US$15.12.

Snap said in its quarterly report yesterday that Tencent bought 145.8 million shares of Snap's non-voting Class A common stock in the open market.

Snap had about 1.2 billion shares outstanding as of October 31.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 1109&sid=2
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Tue Dec 05, 2017 9:08 pm

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Tencent Slump Erases $55 Billion as Analysts See Only Gains

By Richard Frost

Of the 40 stock watchers surveyed by Bloomberg, 98 percent maintain a buy rating on Tencent -- that’s the highest proportion ever.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... only-gains
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Thu Dec 07, 2017 9:04 am

Tencent in health move

by Tracy Hu

Tencent chairman Pony Ma said yesterday at a conference in Wuzhen that the company has invested in seven online medical companies and has been collaborating with hospitals throughout China as he thinks artificial intelligence will be widely used in the medical industry.

Tencent-backed online healthcare services provider WeDoctor Group is reportedly seeking an initial public offering in Hong Kong next year and is raising US$500 million (HK$3.9 billion) ahead of its debut.

Source: The Standard
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Thu Dec 07, 2017 1:02 pm

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<Research Report>Citi: TENCENT Share Price Providing Entry Point after Correction

TENCENT (00700.HK) CEO Pony Ma Huateng reiterated at Fortune Global Forum the company's 2.5 core business strategy, namely communication and social platform; digital content; and the last 0.5 being "Internet +", Citigroup said in its report. The remaining 0.5 represented Tencent's partners.

The research house viewed that Tencent can continue opening platform and work with global partners in flow, data, revenue share, capital investment and artificial intelligence.

Citigroup reiterated Buy on Tencent with target price of $482, considering its share price is providing entry point after recent sluggishness.

Source: AAStocks Financial News
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