Tencent 0700 02 (Jan 15 - Aug 18)

Re: Tencent 0700

Postby winston » Thu Aug 13, 2015 1:27 pm

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<Post-Result>Brokers' Latest Ratings & TPs on TENCENT (00700.HK) (Table)

TENCENT (00700.HK) announced its interim results for the period ended 30 June 2015. Its net profit increased by 15.49% yearly to RMB14.197 billion, with EPS of RMB1.528. No interim dividend was declared.

Its non-GAAP net profit was RMB15.177 billion, up 34.73% yearly, largely in line with the market estimates.

The turnover rose 20% yearly to RMB45.828 billion.

The latest investment ratings and target prices given by 14 securities brokers are listed as follows:

Broker / Investment Rating / Target Price (HKD)
Citibank / Buy / 210
Macquarie / Outperform / 204 -> 197
Bank of America Merrill Lynch / Buy / 193 -> 188
UBS / Buy / 188
JP Morgan / Overweight / 187
Jefferies / Buy / 185
CCB International / Outperform / 185
Morgan Stanley / Overweight / 185 -> 176
Daiwa / Buy / 190 -> 175
Credit Suisse / Outperform / 180 -> 175
HSBC / Buy / 182 -> 173
Goldman Sachs / Buy / 180 -> 177
BNP Paribas / Buy / 190 -> 170
Nomura / Buy / 170

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Thu Aug 20, 2015 9:57 am

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Tencent is a leading IT company in China, principally engaged in the provision of VAS, online advertising services and eCommerce transactions services.

The company announced outstanding interim results with its core profit increasing 16% to RMB14.2bn in 1H2015.

The core profit jumped 32% to RMB7.98bn in 2Q2015, mainly driven by the surge of revenue from the online ads segment, which offset the slowdown of online game and mobile game segments.

Looking ahead, the monthly active users (MAU) of WeChat reached 600m while the MAU of Mobile QQ was 627m, which bode well for the development of WeChat ads and internet finance, etc.

Source: UOBKH
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Re: Tencent 0700

Postby winston » Sun Sep 13, 2015 7:47 am

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WeChat Said to Add Personal Loan Service Within This Month

TENCENT (00700.HK) -1.200 (-0.933%) Short selling $255.05M; Ratio 8.361% has made a new move in tapping the internet service industry, and the group is planning to add a personable loan service called "Weilidai" via WeChat, which can allow users to borrow as much as RMB200,000 without any guarantee or collateral, Wall Street Journal, citing its sources.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Thu Sep 24, 2015 8:58 am

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TENCENT Chairman Ma Huateng Cashes in $3.205B by Selling Stakes in 4 Straight Days

TENCENT (00700.HK)'s chairman Ma Huateng on-market disposed of an aggregate of 23.85 million shares for four straight days since last Thursday (17 September) to cash in $3.205 billion, according to shareholding disclosures of the HKEx.

Ma's long position in Tencent reduced from 9.62% to 9.37%.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby behappyalways » Thu Sep 24, 2015 12:18 pm

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血要热 头脑要冷 骨头要硬
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Re: Tencent 0700

Postby winston » Thu Oct 15, 2015 11:21 am

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<Research Report>Deutsche Expects Tencent 3Q Gross Profit Margin to Be under Pressure, Target Cut to $170

Deutsche Bank lowered TENCENT (00700.HK)'s non-GAAP net profits in FY15/16/17E by 2%/3%/4% to reflect its gross margin pressure.

Its target price was trimmed from $175 to $170 and the rating was maintained at Buy.

The broker stated that the third quarter is a seasonally strong quarter for TENCENT, in gaming and brand advertising.

Expanding monetization of Qzone Mobile and Wechat official accounts should also support robust top-line growth during the period.

The broker expected the total revenue from three areas to increase 28% yearly to RMB25.4 billion, in line with market's estimates.

However, the gross margin may see pressure due to increased revenue sharing on growing licensed games and heavy video content investment.

The gross margin is expected to reduce 0.9 ppt quarterly to 60.7%.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Fri Oct 30, 2015 1:59 pm

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<Research Report>Citi Rates TENCENT at Buy, Target Cut to $191

Citigroup, in its report, lowered TENCENT (00700.HK)'s target price from $210 to $191 with a rating of Buy.

The broker expected that TENCENT's overall revenue in the third quarter to be RMB25.317 billion, up 8% quarterly or 28% yearly.

Excluding e-commerce, its adjusted revenue is estimated to rise 31% yearly to RMB25.266 billion.

Value-added services' revenue is expected to grow 8% quarterly or 23% yearly to RMB19.654 billion.

In particular, the total gross smartphone games revenues should add 7% quarterly to RMB4.8 billion, mainly driven by the growth of new and existing games.

Online advertising is estimated to decline 94% yearly to RMB4.734 billion. Due to a shift in strategy, its e-commerce revenue is expected to collapse 91% yearly.

TENCENT's non-GAAP operating profit is expected to grow 28% yearly to RMB10.6 billion. Its operating margin should expand to 41.8% and net profit should surge by 27% to RMB8.146 billion.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Wed Nov 11, 2015 6:23 am

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Tencent's growth beats analysts

Tencent Holdings (0700), China's largest social network and online entertainment firm, beat analyst estimates with a third- quarter revenue rise of 34 percent.

It was the firm's fastest growth rate in five quarters, partly due to a surge in advertising income.

Revenue from July to September hit 26.59 billion yuan (HK$32.4 billion) versus the 25.26 billion yuan average estimate of 15 analysts in a Thomson Reuters poll.

Revenue in the firm's value-added services category grew 28 percent on year to 20.55 billion yuan, boosted by new smartphone and personal computer games as well as social network income.

Tencent attributed its 102 percent rise in ad revenue to 4.9 billion yuan to an enlarged advertiser base, with 65 percent generated on mobile platforms.

"Our online game business achieved healthy growth in revenues, mainly driven by new smartphone games and key PC client games," Tencent said.

Tencent, led by chairman Pony Ma Huateng, said net quarterly income hit 7.45 billion yuan, up 39 percent from last year.

Global monthly users of messaging app WeChat reached 650 million as at the end of September, up 39 percent since last year.

Tencent shares ended down 1.1 percent yesterday.

Source: REUTERS
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Re: Tencent 0700

Postby winston » Wed Nov 11, 2015 11:03 am

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TENCENT (00700.HK) Jumps Over 2%; TP Raised by Brokers

TENCENT (00700.HK)'s non-GAAP revenue gained 26% year-on-year to $8.28 billion in the third quarter, in line with estimates.

The stock's target price was lifted by Credit Suisse, Bank of America Merrill Lynch and Daiwa to $179, $193 and $195 respectively after the results announcement, together with an Overweight rating affirmed by Morgan Stanley.

Tencent snapped a two-day slide and opened up 1.5% this morning, reclaiming above the 10-day MA.

It last traded at $153.8, up 2.3% after leaping 2.7% to $154.5, on volume of 8.58 million shares, becoming the best performers among blue chips.

Source: AAStocks Financial News
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Re: Tencent 0700

Postby winston » Wed Nov 11, 2015 2:55 pm

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<Research Report>JP Morgan: TENCENT Target Lifted to $181 on Recovery of Mobile Game Revenue

JP Morgan reported that TENCENT (00700.HK) released a solid operating revenue in its third quarter, 3% and 5% above the broker's and market's original expectations.

Meanwhile, the net profit was in line with estimates. In the broker's view, the strong results were mainly attributable to the recovery in mobile game revenue (up 60% yearly or 11% quarterly).

The broker reiterated TENCENT at Overweight with a target price lifted from $177 to $181.

Source: AAStocks Financial News
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