Tencent 0700 02 (Jan 15 - Dec 18)

Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Tue Apr 17, 2018 3:20 pm

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Mar 21, 2018

<Blue Chip Results>TENCENT 2017 Non-GAAP Net Profit Up 43% to RMB65.1B In Line; Final Div HK88 Cents

TENCENT (00700.HK) announced the annual results for the year ended 2017.

Net profit increased 74% yearly to RMB71.51 billion with EPS equaled RMB7.598.

A final dividend of HK$0.88 per share was declared, versus HK$0.61 over a year ago period.

Non-GAAP net profit hiked 43% yearly to RMB65.126 billion with EPS equaled RMB6.92.

According to 23 brokers as compiled by our reporters, non-GAAP net profit of TENCENT was projected to range RMB62.639-67.488 billion, up 37.9%-48.6% yearly. Median was RMB65.032 billion, up 43.2% yearly.

Revenues increased by 56% to RMB237.76 billion for the year ended 31 December 2017 on a year-on-year basis.

Revenues from VAS business increased by 43% to RMB154 billion for the year ended 31 December 2017 on a year-on-year basis.

Online games revenues grew by 38% to RMB97.883 billion.

Social networks revenues increased by 52% to RMB56.1 billion.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Wed Apr 18, 2018 8:00 am

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Tencent games come under eye of regulators

by Tracy Hu

A total of 11 games developed by internet giant Tencent Holdings (0700) are reportedly under investigation by Chinese regulators, while a shareholder earlier sold HK$50 million worth of Tencent shares.

According to a report by People's Daily, some 50 games are involved in this investigation. King of Glory, which is the most popular online mobile game under Tencent, was not included.

Shares of Tencent Holdings closed 1.44 percent lower at HK$397.20 yesterday.

Bank of America Merrill Lynch's April fund manager survey released yesterday found the world's biggest tech stocks were investors' top pick for the third straight month despite mounting worries over regulation.

"Long FAANG + BAT" remains the most crowded trade, the bank's strategists said, referring to US tech giants Facebook, Apple, Amazon, Netflix and Google, and China's Baidu, Alibaba and Tencent.

Sustained enthusiasm for tech stocks came against a backdrop of increasing anxiety about stock markets' resilience.

Brock Silvers, managing director at Kaiyuan Capital, said: "Tencent commands such a high valuation because it's a great company. But the investment required to sustain Tencent's growth trajectory is increasing, and the gaming business, one of the company's earnings pillars, reportedly faces serious regulatory investigation and many analysts also believe that China's economic cycle has peaked."

He added that a 1.44 percent drop in share price is worth following, but value investors may want to keep their powder dry and await a better entry point.

Stevan Tam, director of the research department at Fulbright Financial Group, said it is not a good time to buy Tencent shares as he estimates a bottom price of HK$385 in the short term.

In terms of sectors, Tam is optimistic about shares of pharma companies

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0418&sid=2
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