Tencent 0700 02 (Jan 15 - Aug 18)

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

Postby winston » Tue Jul 18, 2017 7:23 am

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Tencent (700) was the biggest gainer, touching anew its historical high at HK$288.40.

It will issue next month its interim results, and its annual profit growth is likely about 40 percent.

It's still growing at a high clip and investors should have this in their core holdings on any dip.

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

Postby winston » Sun Aug 13, 2017 8:44 pm

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Tencent tipped for strong interim growth lifted by blockbuster mobile games, as shares continue to seesaw

The world’s largest video games company by revenue expected to post solid half-time earnings, with analysts remaining bullish on company’s stock

Analyst estimates suggest Tencent should report second-quarter revenue of 52.5 billion yuan (US$7.9 billion), which would represent a 47 per cent increase from 35.7 billion yuan revenue in the same period last year, and up 6 per cent from its 49.5 billion yuan first-quarter revenue this year.

Second-quarter net profit is expected to reach 13.7 billion yuan, according to consensus estimates, which would be a rise of 28 per cent from 10.7 billion yuan a year earlier, but down 5 per cent from 14.5 billion yuan in the first quarter.


Half of the mainland’s top 10 mobile gamesby monthly gross revenue in June were from Tencent, according to analyst firm App Annie.

Apart from Honour of Kings, its other top-ranked Tencent titles were Tian Long Ba Bu Mobile, Contra Return, Dragon Next and JX Online.

Jefferies equity analyst Karen Chan estimates the monthly active user base of Honour of Kings had stabilised at 182 million by the end of June.


WeChat has 928 million monthly active user accounts by March 31, while QQ had 861 million.


Source: SCMP

http://www.scmp.com/tech/china-tech/art ... bile-games
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Thu Aug 17, 2017 7:31 am

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Tencent quarterly profit soars to 18.2b yuan, Honor of Kings drives games revenue

Honor of Kings video game developer Tencent Holdings (0700) said today second quarter profit jumped by 70 percent on-year to 18.23 billion yuan.

Revenue also grew by 59 percent year-on-year to 56.60 billion yuan, the company announced today.

Revenue growth was mainly attributed to smart phone games and PC games, payment related services, online advertising, and digital content subscriptions and sales.

Earnings per share were 1.743 yuan, up by 15 percent, for the three months ended June 30.

PC client games generated 13.6 billion of revenue, representing 29 percent year-on-year growth.

But Chairman Ma Huateng, (pictured), said he expects PC client game revenue growth rates to drop in the future periods.

Smart phone games revenue grew by 54 percent year-on-year to 14.8 billion yuan. This includes smart phone games revenue from its social networks and exceeded PC client games revenue for the first time.

Revenue growth in smart phone games was driven by existing titles such as Honour of Kings, and new titles such as the China version of Contra Return in the Action genre, Dragon Nest Mobile and Legacy TLBB Mobile in the RPG genre, the company said.

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

Postby winston » Tue Oct 17, 2017 7:55 am

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Tencent's Ma offloads shares

by Janice Huang

Tencent Holdings (0700) chairman Pony Ma Huateng once again offloaded a stake in the company.

Ma pulled back on six million Tencent shares in four days during October at a price ranging from HK$348.10 to HK$351.80, after selling two million shares for HK$645 million last month. Thus, Ma has cashed out a total of HK$2.1 billion.

After the transaction, Ma now owns 820 million shares of Tencent, representing 8.63 percent of the company, decreased from 826 million shares, or 8.69 percent.

As well, Tencent president Martin Lau Chi-ping also offloaded 600,000 shares last month at HK$346, pocketing HK$207 million.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 1017&sid=2
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Re: Tencent 0700 02 (Jan 15 - Dec 17)

Postby winston » Tue Oct 17, 2017 10:14 am

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Pony Ma Cuts 6M Tencent Shares for 4 Days, Cashing in Over $2.1B

TENCENT (00700.HK)'s subsidiary China Literature is planning for listing on the Main Board.

Yet, the Stock Exchange data showed that Tencent chairman Pony Ma reduced a total of 6 million shares in Tencent on 10-13 October, cutting his stake to 8.63% from 8.69% to cash in an aggregate of $2.104 billion in four days.

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

Postby winston » Tue Oct 17, 2017 10:15 am

TENCENT (00700.HK): 1 Reserved Share for Every 1,256 Shares in Spin-off & Listing of China Literature

TENCENT (00700.HK) announced that regarding proposed spin-off and separate listing of China Literature, the basis of the assured entitlement of qualifying shareholders to the reserved shares in the preferential offering is one reserved share for every integral multiple of 1,256 shares held by qualifying shareholders.

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

Postby winston » Tue Oct 17, 2017 10:21 am

Sept 22, 2017

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<Research Report>BofAML Lifts TENCENT Target to $386; Stakes Acquisition in CICC as Long Term Strategy

Bank of America Merrill Lynch, in its report, said TENCENT (00700.HK) acquired stake in CICC (03908.HK) with $2.86 billion, meaning Tencent hoped its position to be a fintech platform to bring traffic, channels, data and technological support to financial institutions.

The broker believed that this round of investment means Tencent focuses on the growth of payment users, bring opportunities to the group.

Thus Bank of America Merrill Lynch raised the target price from $372 to $386, and lifted the 2019 revenue and EPS forecast by 1%.

The broker expected gradual growth in online finance fee income, reiterating Buy.

The broker said investing in CICC will bring synergies to both companies. CICC's focus is on high-AUM clients.

As at the end of June 2017, the combined number of wealth management clients of CICC and CISC amounted to 360,000, with average AUM of RMB2.6 million.

Tencent has a large urban, middle-class user base. This acquisition can help connect its user base with CICC's businesses.

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

Postby winston » Tue Oct 17, 2017 10:25 am

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Sep 15, 2017

<Research Report>Macquarie Keeps TENCENT at Outperform; Ranks Honour of Kings as No. 1 Mobile Game Globally


Macquarie, in its report, reiterated the Outperform rating for TENCENT (00700.HK) and set the target price at $378.

The research house said that Honour of Kings was the champion on iOS in terms of operating revenue and the game was also crowded as the No. 1 mobile game in the world, not only in China. Quarterly, Tencent holds 10 of the 20 top games in China.

In the long term perspective, Tencent's game segmentation strategy (including Tencent Pictures, Video and Comics) facilitates the group's expansion of market share in China's online game market from 48% in 2016 to the forecast of 59% in 2020.

The broker said that Tencent's future product lines are also strong, including DnF Mobile, Lineage II Revolution, JX Mobile 2 and JX Mobile 3.

It is anticipated that Tencent's 2H17 game sales to generate 35% growth yearly, of which mobile games could climb 59%.

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

Postby winston » Tue Oct 17, 2017 10:28 am

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Aug 30, 2017

<Research Report>UBS: Tencent Long-term Potential in Mobile Game Biz Not Fully Reflected; TP at $385

UBS, in its report, said the market remains concerned about slowing expansion of China's mobile game sector.

However, UBS Evidence Lab, tracking over 100 mobile games, found a promising outlook: mobile role-playing games (RPGs) maintain momentum, aided by intellectual property development, continued content updates and pan-entertainment integration.

Also, mobile e-Sports games are gaining traction with blockbuster titles; and new initiatives such as anime comic games (ACG), strategy games and overseas expansion are expanding the total addressable market (TAM).

The broker suggested TENCENT (00700.HK) and NetEase's long-term potential is not fully priced in.

UBS said Tencent still has the most diverse offerings. It is staying ahead in e-Sports mobile games. NetEase showed short-term weakness due to a decline in Onmyoji and lack of new hit titles, but the broker remained positive on the stable grossing of its hit MMORPGs over time and its strategic shift and diversifying games portfolio, though it will take some time to ramp up in new segments.

The broker rated Buy on both Tencent and NetEase, with target price of Tencent at $385.

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

Postby winston » Wed Oct 18, 2017 1:25 pm

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JD.com, Tencent Join Hand in Launching Retail Solution

JD.com announced on the conference in Beijing that the company rolled out a retail solution jointly with TENCENT (00700.HK) based on Tencent's social networking and content system as well as JD.com's trading system.

Source: AAStocks Financial News
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