Tencent 0700 03 (Aug 18 - Dec 19)

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

Postby winston » Thu Nov 29, 2018 9:45 am

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<Research Report>BNP: Tencent Target at $355; Long-term Investment Appealing

Along with its industrial internet expansion, TENCENT (00700.HK) has bettered customers' internet experience to back digitalization across multiple sectors.

Hence, BNP Paribas reiterated the firm at Buy with a target price of $355, adding the giant has a long-term investment outlook.

Tencent has proactively monetized its social items this year, including increasing ads in WeChat Moments, plus ad function in mini programs.

The broker believed Tencent will generate more revenue from its official accounts in the future, despite Moments currently being a main stream of ad revenue.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Dec 13, 2018 7:40 pm

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Tencent announces special dividend

Tencent Holdings (0700) has declared a special dividend of approximately HK$250 million to its shareholders, after its spinoff Tencent Music went public in New York.

Tencent Music was listed at a final offer price of US$13.00 (HK$101.74) per American Depositary Share.

A qualifying shareholder holding a whole multiple of 3,900 shares on the record rate will be entitled to a distribution of one ADS for every whole multiple of 3,900 Shares held.

Fractional ADSs will not be distributed. A qualifying shareholder who holds shares in excess of a whole multiple of 3,900 shares will be entitled to a cash distribution of HK$13 for every whole multiple of 500 shares held in excess of the largest multiple of 3,900 shares.

Qualifying shareholders with less than 3,900 Shares and non-qualifying shareholders will receive cash in lieu of the ADSs on the basis that for every 1,500 shares be entitled to a cash distribution of HK$39, and for every additional whole multiple of 500 shares to receive an additional cash distribution of HK$13.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... r=20181213
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Fri Dec 21, 2018 2:34 pm

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TENCENT Responds to Game Approval: Encouraging, Giving Guidance for Development

As to news report that some of the first batch of online games have completed the approval process, Tencent Games under TENCENT (00700.HK) said the news is positive and encouraging, and beefs up the morale of and provides guidance for the future development of Chinese cultural industry, cited The Paper.

Feng Shixin, Deputy Director of Copyright Bureau of Publicity Department of the Communist Party of China, delivering a speech at China Game Industry Annual Conference 2018 today (21 December), said approval on some of the first batch of online games have been completed and the issuance of their edition numbers are underway, as Shanghai Securities News reported.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Fri Dec 21, 2018 2:36 pm

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Haitong: Foresees Tencent 'Call of Duty' Mobile as Smash-hit; Eyes Latest Regulatory Guidance

TENCENT (00700.HK) announced the initial testing of Call of Duty Mobile by Timi Studio, the developer of Honor of Kings, reported Haitong International.

With similar console to PC version, Call of Duty Mobile is currently open for pre-registration, Chinese media reported.

Haitong International expected the game to be a smash-hit, as official Call of Duty games are lacking in the mobile market.

However, the broker is eyeing on the latest Chinese regulatory guidance to be laid out at the China Game Industry Annual Conference on 20 December.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Fri Dec 21, 2018 2:36 pm

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Haitong: Foresees Tencent 'Call of Duty' Mobile as Smash-hit; Eyes Latest Regulatory Guidance

TENCENT (00700.HK) announced the initial testing of Call of Duty Mobile by Timi Studio, the developer of Honor of Kings, reported Haitong International.

With similar console to PC version, Call of Duty Mobile is currently open for pre-registration, Chinese media reported.

Haitong International expected the game to be a smash-hit, as official Call of Duty games are lacking in the mobile market.

However, the broker is eyeing on the latest Chinese regulatory guidance to be laid out at the China Game Industry Annual Conference on 20 December.

Source: AAStocks Financial News
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Jan 10, 2019 7:56 am

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Tencent takes big step to free WeChat from smartphones as battle shifts to business customers and self-driving cars

Tencent introduces Siri-like voice assistant called Xiaowei at WeChat conference in Guangzhou

The assistant will link WeChat users with Tencent’s stable of services including QQ Music. Meituan Dianping, Didi Chuxing and Mobike, three on-demand services providers that all count Tencent as a strategic investor, will also connect with Xiaowei.

WeChat mini programs now cover more than 200 industries and have logged 100 billion transactions for government and business services, according to Tencent.

About 63 million of the users are aged over 55 and they represent one of the fastest-growing demographic groups for WeChat.


Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... s-business
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Re: Tencent 0700 03 (Aug 18 - Dec 19)

Postby winston » Fri Jan 11, 2019 9:14 am

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[b]Tencent Holdings (700 HK)[/b]

More Balanced Focus On All Segments With Game Approval Restarted

We expect the restart of game licence approvals to benefit leading companies and Tencent’s and NetEase’s new games to be approved in 1Q-2Q19.

We are cautious on the sector’s overall growth in 2019 in view of the tighter review of game content, peaking user numbers and games’ shortening life cycles.

We think Tencent will no longer just rely on game growth in 2019 but will have a more balanced focus on its segments via structural drivers such as advertising, cloud and payment.

Maintain BUY.
Target: HK$418.00.

Source: UOBKH

https://research.uobkayhian.com/content ... fcefba1ebe
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Re: Tencent 0700 03 (Aug 18 - Dec 19)

Postby winston » Tue Jan 15, 2019 1:09 pm

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Broker Citing TENCENT: Mini-programs Applied in Over 200 Sectors; 2018 Deals Up 6x

Huatai Financial opined that WeChat strives to establish its own ecosystem by direct-to-consumer (ToC) expansion, and be the necessary tool for enterprises.

The broker acknowledged WeChat's supreme importance in the course of TENCENT (00700.HK)'s industrial internet development.

As of January 2019, WeChat has offered corporate resolutions for 36 industries, with mini-programs applied in over 200 sectors to facilitate government and commercial services for over 100 billion times, as Huatai cited TENCENT.

Additionally, transactions recorded in these mini-programs burgeoned 600% yearly in 2018.

Source: AAStocks Financial News
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Re: Tencent 0700 03 (Aug 18 - Dec 19)

Postby winston » Thu Jan 17, 2019 1:35 pm

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<Research Report>JPM: Tencent 2019E Mobile Game Revenue May Rise 27%; PUBG Approval Unlikely in Near Term

JPMorgan painted a more bullish picture for the long-term growth outlook of TENCENT (00700.HK) after attending the Weixin Open Class, given Weixin's continuous development into diversified consumer platform, expansion into non-social application and value creation for ecosystem partners.

The broker assumed market to have better investment appetite for TENCENT in light of more shiny outlook of its online games this year with game approval resumption since December 2018.

Yet, the broker reminded investors of unlikeliness for the mobile game "PUBG" to get approval within short term for monetization as it is associated with South Korean intellectual property.

JPMorgan estimated the mobile game revenue of the tech giant to hike 27% YoY for 2019E, vs 21% YoY rise for 2018E.

The rating was maintained at Overweight with target price of $375.

Source: AAStocks Financial News
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Re: Tencent 0700 03 (Aug 18 - Dec 19)

Postby winston » Wed Jan 23, 2019 10:16 pm

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China rips into Tencent's news service, kills 9,300 mobile apps

HONG KONG (Jan 23): China is stepping up its efforts to rein in the country’s internet, singling out Tencent Holdings Ltd’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps in the span of just three weeks.

The Cyberspace Administration of China has scrubbed the web of more than 7 million items since Jan 3, deleting more than 9,300 smartphone apps to screen out information deemed inappropriate or harmful, the watchdog said in a notice distributed to media.

Tencent’s Tian Tian Kuai Bao, which means quick daily news, was singled out for spreading “vulgar and low-brow content that was harmful and damaging to the internet ecosystem” the agency said.

The latest raft of shutdowns, part of a six-month campaign intended to eradicate “vulgarity” from the domestic internet, stands out for its scale and speed. Baidu Inc and Sohu.com Ltd were ordered to suspend a plethora of news services just weeks ago.

Beijing has increasingly taken a hard line as the country’s internet ecosystem flourishes, instigating crackdowns on video games and social media that’ve hurt industry leaders such as WeChat-operator Tencent and the word’s largest startup, Bytedance Ltd.

They represent the most severe digital crackdown in the country’s history, shuttering services or temporarily forcing them from app stores for spreading everything from crude jokes to banned information.

Tencent and other websites have been ordered to overhaul their operations, the watchdog said in its notice without elaborating. Its shares fell 0.8% in Hong Kong.

Tencent said it couldn’t immediately comment.
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