Tencent 0700 02 (Jan 15 - Dec 18)

Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Tue Jan 06, 2015 7:53 pm

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TENCENT (00700.HK) upgraded to Overweight with target lifted to $160 by JP Morgan

JP Morgan, in its latest research report, said it expects TENCENT (00700.HK) +6.500 (+5.727%) Short selling $269.53M; Ratio 5.242% earning driver will be changed from games to advertising in 2015.

Over the past 5 years, the earning growth was mostly contributed by games or game-related activities.

JP Morgan estimates that the advertising contribution will grow from 11% in 2014 to 25% in 2017.

The recent price weakness was mainly due to the expectation for Mainland macroeconomic recovery, leading to the preference for the market preference for "deep cyclical" rather than "new economy".

The research house upgraded the rating from Neutral to Overweight, with target price lifted from $142 to $160.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Tue Jan 13, 2015 2:54 pm

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<Research Report>TENCENT (00700.HK) kept Buy with target hiked to $156 by Deutsche

Deutsche Bank was highly encouraged by the progress of TENCENT (00700.HK)'s mobile advertisement plan, expecting that a number of luxurious brands have been invited to test new formats during the Lunar New Year.

The market will make a re-valuation on Tencent with long-term Weixin and mobile QQ prospects beyond mobile games.

The company's revenue growth from mobile game is likely to be 34% in 2015, while the advertising income from Wexin Moments, Wexin public accounts, mobile Q zone and PC would approach RMB 7.9 billion.

The mobile performance advertising will account for 34% and 39% in ad revenue in 2015 and 2016 respectively in spite of its high margin in business nature.

The rating of Tencent was maintained at Buy and the target price was revised up by 0.3% from $155.5 to $156.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Fri Jan 23, 2015 5:16 am

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Tencent awaits moment for WeChat ads

Tencent (0700) has conducted an internal test allowing advertisements to appear in WeChat's "Moments" or "Circle of Friends," the popular's app's equivalent of Facebook's News Feed, which is predicted to contribute 10 billion yuan (HK$12.5 billion) of annual income to the internet giant.

"The minimum advertising fee will be 5 million yuan, and current target customers in the early stage will be confined to car and consumer electronics, computer and communications [companies]. It's not open to just any brand," a Tencent staff member told mainland-based National Business Daily. The report has not been confirmed by Tencent officially.

Anyone on Moments will have to see the ads. "To ensure a good user experience, if the user ignores the ads, they will vanish by themselves in six hours. The user can also choose to close the ads at the right top of the window," Wechat Team said. Ying Hao, analyst at Yuanta Securities in Shanghai, said the move is unlikely to result in customer loss as loyalty is high and no competitor can pose a threat to its price.

Deutsche Bank expects Tencent to officially open Moments for advertisements in the second quarter. The Moments advertisements will contribute 1.7 billion yuan in 2015, 4 billion yuan in 2016 and 7.6 billion yuan in 2017.

Barclays predicts Moments will be the big income engine for Tencent. But as Tencent needs to maintain the user experience, it is in no rush to commercialize Moments, and cell-phone ad income will not see obvious contribution until the second half of the year.

It gave Tencent an "overweight" rating and a target price of HK$142.

Tencent shares rose 2.25 percent to HK$131.60 yesterday.

Source: The Standard HK
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Re: Tencent 0700

Postby winston » Fri Jan 23, 2015 2:06 pm

CICC raises TENCENT 2015 ads revenue by 18% with TP at $160

According to a CICC research report, it is expected that WeChat advertisement of TENCENT (00700.HK) +1.300 (+0.988%) Short selling $450.23M; Ratio 18.702% can see improved market share in the era of mobile network, therefore, the research house raised the company's ads income forecast by 18% to RMB15.6 billion.

Based on the current estimate, the company's ads income will account for 16% of total revenue this year.

CICC raised the stock's target price to $160 with the Buy rating unchanged.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Tue Feb 03, 2015 2:34 pm

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TENCENT (00700.HK) 3Q14 profit gains 46% YoY

TENCENT (00700.HK) announced that its profit for the third quarter ended 30 September 2014 grew 46% year-on-year to RMB5.676 billion.

Revenue amounted to RMB19.808 billion, up 27.5% from a year back.

Gross margin was 64% against 55% in the year-ago period.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Wed Feb 25, 2015 11:06 am

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<Research Report>TENCENT (00700.HK) target lifted to $180; rated Conviction Buy - CICC

CICC in a report rated TENCENT (00700.HK) at Conviction Buy and raised its target price by 12.5% to $180.

The research house switched from Baidu to Tencent as its top pick and said Tencent showed massive value in financial/payment-related business, manifested by the promotion of WeChat red-envelops during the Chinese New Year which successfully attracted nearly 200 million users to link their bank accounts to the app.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Fri Mar 13, 2015 9:13 pm

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TENCENT (00700.HK) investment ratings and TPs (table)

TENCENT (00700.HK) +1.800 (+1.366%) Short selling $544.53M; Ratio 26.474% is scheduled to release the full-year results for 2014 next Wednesday (18 March).

Based on 15 brokers' forecast, the company's earnings will range from RMB23.8 billion to RMB25 billion, +40% to +46% from a year earlier.

The following is the investment ratings and target prices from 24 brokers:

Broker/ Investment Rating/ Target Price (HK$)
CICC/ Buy/ 180
UOB Kay Hian/ Buy/ 161
JP Morgan/ Overweight/ 160
Barclays/ Overweight/ 158
Jefferies/ Buy/ 158
Deutsche Bank/ Buy/ 156
UBS/ Buy/ 155
BNP/ Buy/ 153
Guotai Junan International/ Buy/ 153
Morgan Stanley/ Overweight/ 152.5
BOCOM International/ Buy/ 152
Citigroup/ Buy/ 151
Credit Suisse/ Outperform/ 150
Daiwa/ Buy/ 150
BOC International/ Buy/ 150
Nomura/ Buy/ 149
UBS Vickers/ Buy/ 148
Goldman Sachs/ Buy/ 146
Bank of America Merrill Lynch/ Buy/ 146
HSBC/ Neutral/ 145
Barclays/ Overweight/ 142
ICBC International/ Buy/ 140
Macquarie/ Neutral/ 138
Societe Generale/ Buy/ 135

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Wed Mar 18, 2015 9:08 pm

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TENCENT (00700.HK) 2014 net profit up 53.59% to RMB23.81B; final div. HK$0.36

TENCENT (00700.HK) +2.100 (+1.570%) Short selling $563.06M; Ratio 18.056% announced the annual results for the year ended 31 December 2014.

The revenue gained 30.6% year-on-year to RMB78.932 billion.

The net profit climbed 53.59% year-on-year to RMB23.81 billion. EPS equaled RMB2.579.

Final dividend increased from HK0.12 cents in 2013 to HK0.36 cents.

Non-GAAP profit advanced 43% to RMB24.224 billion, in line with brokers' expectations.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Tue Apr 14, 2015 7:33 am

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Ma cashes in $3b on market frenzy by Ling Wang

Chinese internet giant Tencent (0700) chairman Pony Ma Huateng cashed in HK$3.22 billion last week amid the Hong Kong stock frenzy and as the company's share price kept hitting new records.

Ma sold 20 million shares at HK$162.259 and HK$159.814 each on Thursday and Friday, according to the stock exchange website. His stake thus fell from 9.86 percent to 9.65 percent.

The stock rose 5.38 percent to HK$170.50 yesterday.

Its market cap hit HK$1.6 trillion, making it more valuable than US tech firms like Amazon.com, IBM and Oracle.

A Tencent representative said Ma's stake sale was for his personal wealth management, and was not related to the company's development.

Ma's last stake sale occurred in December. That was his first sale in more than three years. He cashed in HK$3 billion at an average price of HK$119.05.

In August 2011, he sold five million shares over the counter.

Ample Finance Group director Alex Wong Kwok-ying said it is normal for tech bosses sell their shares.

"Unlike real estate stocks, tech stocks have no real assets to support them," he said.

"That they sell some shares to win a good deal and invest in other things is quite normal. Facebook's management also sold stocks."

He said there might be a short-term retreat, but the market is so bullish that this pressure won't last long.

Source: The Standard HK
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Re: Tencent 0700

Postby winston » Mon May 11, 2015 4:46 pm

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C Suisse expects TENCENT 1Q adjusted EPS up 19% YoY to 66 fen; target raised to $190

Credit Suisse expected TENCENT (00700.HK) +4.600 (+2.987%) Short selling $498.58M; Ratio 15.099% will report revenue of RMB22.5 billion in the first quarter, in line with market estimates.

Adjusted diluted EPS is expected to record a year-on-year and quarter-on-quarter growth of +19% and -8% to RMB0.66, below market estimates of RMB 0.78.

The target price was raised to $190 from $160, while the rating was maintained at Outperform.

The research house expected mobile game revenue to reach RMB4.3 billion, up 12% quarterly.

Ad revenue is likely to be RMB3.1 billion, up 17% on a quarterly basis.

In consideration of strong O2O growth, there will be more new ad opportunities for the company.


Source: AAStocks Financial News
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