Tencent 0700 04 (Oct 21 - Dec 25)

[behappyalways]

Tencent rides hit game for China’s biggest gain in market value
https://www.theedgesingapore.com/news/c ... rket-value

[winston]

not vested

Tencent, which will announce its results on Wednesday, is expected to record a net profit of around 40.27 billion yuan (HK$43.8 billion) in the past quarter, up by 54 percent from one year ago.

Tencent's revenue is forecasted to grow 7.6 percent to 161.35 billion yuan in the three-month period ending in June, which would benefit from a 5.8 percent rise in income from video games.

JP Morgan projected Tencent's games, music and film businesses to deliver strong results, which could compensate for weaker advertising and fintech businesses.

Source: The Standard

[winston]

vested

Tencent (700 HK) is going to release its 2Q24 results today (14 Aug) with consensus forecast (at midpoint) of revenue and non-GAAP net profit to be RMB161b (+7.9% YoY) and RMB48.1b (+28.1% YoY), respectively.

Source: Maybank

[winston]

vested

<Results>TENCENT 1H24 NP Rises 72% YoY; Non-IFRS NP Grows 53.5%

Revenue amounted to RMB320.618 billion for 1H24 ended June, up 7.2% YoY, according to TENCENT (00700.HK)'s announcement.

Net profit amounted to RMB89.519 billion, up 72.1% YoY.

EPS was RMB9.59, with no interim dividend declared.

1H24 non-IFRS net profit increased by 53.5% YoY to RMB107.578 billion, with a non-IFRS EPS of RMB11.524.

Interim EBITDA/ adjusted EBITDA amounted to RMB127.996 billion/ RMB137.777 billion each, representing growth of 22.4%/ 20.2%.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

Tencent's net soars 72pc amid video games boom

by Themis Qi

1H net profit surged 72 percent year-on-year to 89.5 billion yuan (HK$97.6 billion).

2Q revenues slightly missed market estimates.

Revenue of 320.6 billion yuan for the first six months of the year, up by 7 percent from a year ago.

During the April-June period, the net profit beat expectations by soaring 82 percent to 47.6 billion yuan from a year ago, while revenue grew 8 percent to 161.12 billion yuan, missing the estimate of 161.35 billion yuan.

Domestic games - sped up recovery by increasing 9 percent year-on-year to 34.6 billion yuan during the second quarter.

The recovery in the mainland market was driven by Valorant and the successful launch of DnF Mobile in May.

Revenue from online advertising increased by 19 percent from a year ago to 29.9 billion yuan during the second three-month period of the year, slower than the first quarter's 26 percent jump.

Tencent spent HK$52.3 billion in repurchasing 154.7 million shares in the first half, closing to its goal of HK$100 billion in buybacks this year.

Source: The Standard

https://www.thestandard.com.hk/section- ... games-boom

[winston]

vested

Tencent Holdings (700 HK) 2Q24: Solid Margin Expansion; Reaccelerated Online Games Revenue Growth

Tencent reported a solid earnings beat in 2Q24.

Revenue grew 8% yoy to Rmb161.1b, in line with consensus estimate.

Gross margin expanded 6ppt yoy to 53.3%, in line with consensus forecast.

Non-IFRS operating profit grew 27% yoy to Rmb58.4b, while nonIFRS operating margin expanded 5.4ppt yoy to 36.3%.

Non-IFRS net profit surged 52.6% yoy to Rmb57b, 18% above consensus estimate on a positive shift in revenue mix.

Maintain BUY with a higher target price of HK$490.00.

Source: UOBKH

https://research.uobkayhian.com/content ... e=hs_email

[winston]

not vested

Takeaways from Tencent Global Digital Ecosystem Summit

We attended the Tencent Global Digital Ecosystem Summit on 5-6 Sep in Shenzhen.

Tencent announced to the public the launch of an upgraded large AI model, Hunyuan Turbo, which has been integrated into over 700 of Tencent’s internal functions.

Tencent has made great strides to serve global users of its cloud and AI services.

Tencent recently announced a cooperation with Alibaba to launch Wechat Pay in Tmall/Taobao stores, which should be positive in driving up online payment revenue.

Reiterate Add with an unchanged DCF-based TP of HK$524.

Source: CIMB

https://rfs.cgsi.com/api/download?file= ... 8ABE614715

[winston]

Game revenue growth likely accelerated in 3Q24F

Due to its newly launched DnF game, we believe Tencent’s game revenue growth accelerated to 13% yoy in 3Q24F, from 9% yoy in 2Q24.

We also believe its advertising revenue growth remained solid in 3Q24F, at 16.0% yoy, slightly slower than 19.5% yoy in 2Q24.

As weak consumption impacted its online payment business, we forecast flat fintech and business services revenue yoy for 3Q24F.

Overall, we expect yoy growth of 7.6% in revenue and 14.9% in non-GAAP net profit for 3Q24F.

Reiterate Add with an unchanged DCF-based TP of HK$524.

Source: CIMB

https://rfs.cgsi.com/api/download?file= ... C334AD2EEA

[winston]

vested

Tencent posts 53b yuan profit in third quarter

by Cici Cao

Better-than-expected net profit of 53.23 billion yuan (HK$57.37 billion) for the third quarter of 2024, up 47.12 percent year-on-year,

Third-quarter revenue of 167.19 billion yuan, up by 8 percent from a year ago, in line with an estimated 167.8 billion yuan.

For the third quarter, revenues from value-added services increased by 9 percent year-on-year to 82.7 billion yuan.

Domestic games revenues increased by 14 percent year-on-year to 37.3 billion yuan, more than the market's expected 12 percent.

International games reached 14.5 billion yuan, up 9 percent year-on-year.

Source: The Standard

https://www.thestandard.com.hk/section- ... rd-quarter

[winston]

vested

Tencent Ranks as Gartner's Emerging Leaders for Generative AI Specialized Cloud Infrastructure, No. 1 Vendor in Future Potential

In the Emerging Market Quadrant for Generative AI Specialized Cloud Infrastructure, Tencent Cloud is ranked as the emerging leaders quadrant and the top vendor in Asia Pacific in the future potential dimension, according to Gartner's recently released Innovation Guide for Generative AI Technologies.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN