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

PostPosted: Mon Apr 16, 2018 1:08 pm
by winston
not vested

<Research Report>CICC: Long-term Recommend on TENCENT, Gradually Forms Mature Commercialized Ecosystem

CICC rated long-term Recommend on TENCENT (00700.HK) at the target price $540 unchanged.

The broker stated that as the leader in the Internet industry, TENCENT had been brushing up its ecosystem layout through intensifying business synergy and acquisition and merger.

The company also kept starting up new business sectors and innovative business models to raise the commercialized capability, from which the broker saw great development potential.

TENCENT's 2018-19 adjusted net profit were respectively forecasted to grow 22.9% and 43.2% to RMB8 billion and RMB11.46 billion.

Source: AAStocks Financial News

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

PostPosted: Tue Apr 17, 2018 3:20 pm
by winston
vested

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

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

PostPosted: Wed Apr 18, 2018 8:00 am
by winston
vested

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

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

PostPosted: Tue Apr 24, 2018 1:00 pm
by winston
not vested

<Research Report>Deutsche Cuts TENCENT TP to $481, Expects Online Game Growth to Slow

According to Deutsche Bank's report, TENCENT(00700.HK)'s PC growth forecast was lowered from 12% to 7%, although it was not foreseen to turn negative.

2018 online game and advertising revenue estimates were also trimmed, cascading down to 3-11% lower 2018-2021 non-GAAP EPS.

The broker rated Buy on the company at the target price $481, cut from $496.

Source: AAStocks Financial News

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

PostPosted: Thu Apr 26, 2018 9:24 am
by winston
not vested

<Research Report>CICC: Tencent Dragged by Expectation for Weak PC Games Recently; Quarterly Results Forecast Mixed

CICC said in its report that TENCENT (00700.HK)'s stock price was recently dragged by forecasts for weak PC games, as well as margin pressure brought by unfavorable revenue mix shift and investments in payment and contents.

The broker expected mixed 1Q18 results from the group, with more upcoming upside from mini-programs in the future.

TENCENT was kept Buy at the target price $540.

Source: AAStocks Financial News

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

PostPosted: Fri Apr 27, 2018 9:13 am
by winston
not vested

<Research Report>M Stanley Recommends Overweight on TENCENT(00700.HK), TP Trimmed to $508

Morgan Stanley forecasted in its report that TENCENT(00700.HK)'s 1Q18 non-GAAP net profit will tick up 32% yearly to RMB18.8 billion, 2% ahead of consensus.

Potential slowdown in PC game sales growth was expected, given the high base factor, but better monetization of TENCENT's video and payments may be able to offset the weakness in PC game revenue.

The broker trimmed 2018-20 EPS forecasts of TENCENT, rated Overweight, by 4% and lowered the target price from $550 to $508.

Source: AAStocks Financial News

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

PostPosted: Wed May 16, 2018 3:54 pm
by winston
not vested

<Research Report>M Stanley: Tencent Mobile Game Growth Drops MoM in PRC Apr iOS Downloads; PUBG Mtk Shr Expands

Morgan Stanley said in its report TENCENT (00700.HK) suffered 9% monthly retreat in mobile game grosses on iOS download ranking in Mainland in April, mainly attributed to 38% monthly decline in grosses of QQ Speed Mobile and 5% fall in grosses of Honor of King.

Nevertheless, Morgan Stanley stated that market shares of PUBG of TENCENT continued to expand, dominating multi-player survival shooting games.

Morgan Stanley rated TENCENT at Overweight with target price of $508, given launches of diversified game types and monetization.

Source: AAStocks Financial News

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

PostPosted: Wed May 23, 2018 1:08 pm
by winston
not vested

<Research Report>C Suisse Expects Slowdown in TENCENT (00700.HK) 2Q Online Game; Kept Outperform

Credit Suisse predicted in its report that TENCENT (00700.HK) will experience slowdown in 2Q mobile and PC gaming growth, mainly due to the monetization of PUBG has not come yet and lack of major core mobile games.

2018-20 EPS forecasts were slightly trimmed by 0.4%, 0.2% and 0.2%.

TENCENT was kept Outperform at the target price $523 unchanged.

Source: AAStocks Financial News

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

PostPosted: Wed May 23, 2018 2:02 pm
by winston
not vested

Pony Ma: TENCENT Has to Build '3 Internets'; Weixin Voice-only Communications on Cars To Launch

TENCENT (00700.HK) chairman Pony Ma said "cloud" plays an utterly important role in digitalization of enterprises and has become the natural carrier of big data and AI, Mainland media reported.

Ma said TENCENT will develop Internet of People, Internet of Things and Internet of Beings, orienting people, objects and services.

Ma added that the company has been studying whether customers should use Weixin when driving cars, and that Weixin team is seeking solutions to Internet of Cars for voice-only communications and will launch the same soon.

Source: AAStocks Financial News

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

PostPosted: Thu May 24, 2018 1:27 pm
by winston
<Research Report>M Stanley Keeps TENCENT (00700.HK) at Overweight with TP $508

Morgan Stanley predicted in its report that TENCENT (00700.HK)'s 2Q mobile game sales will rise 30% yearly, against 42% in previous estimates, due to delayed PUBG monetization and cool-off for QQ Speed Mobile.

However, year-on-year reacceleration in 2H was expected under the start of PUBG monetization and the launch of Fortnite.

The broker kept TENCENT at Overweight with the target price $508.

Source: AAStocks Financial News