Tencent 0700 03 (Aug 18 - Sep 21)

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

Postby winston » Thu Aug 16, 2018 7:17 am

Tencent’s first profit drop since 2005 blamed on wait for Chinese regulators to approve new games

A regulatory restructuring, which has led to a months-long halt on the approval of new video games in China, highlights the big role that the central government plays in the country’s internet industry

Tencent, which has lost more than US$150 billion in market value since January, reported a 2 per cent drop in second-quarter profit on lower gaming revenue and investment-related gains.

Tencent’s smartphone game business reported a decline of 19 per cent to 17.6 billion yuan from the prior quarter.


Source: SCMP

https://www.scmp.com/tech/social-gadget ... -drop-2005
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Aug 16, 2018 7:30 am

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How WeChat became China’s everyday mobile app

Tencent has frequently added innovations to WeChat, designed to drive growth and loyalty, the latest being mini programs

Cautious to avoid flooding user timelines with ads, WeChat currently allows a maximum of two ads a day to appear on its social platform Moments, which is “extremely conservative compared to our global peers”.


Source: SCMP

https://www.scmp.com/tech/article/21598 ... mobile-app
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Aug 16, 2018 10:31 am

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Tencent Holdings (700 HK)
2Q18: Top-line Misses On Slower Gaming Revenue Growth


2Q18 revenue increased 30% yoy to Rmb73.7b, 5% below consensus estimate.

NonGAAP net income increased 20% yoy to Rmb19.7b, 3% higher than consensus estimate
of Rmb19.2b.

Non-GAAP EPS was Rmb2.06 vs consensus of Rmb2.01.

Non-GAAP operating margin was 29.6%, down 10.3ppt yoy (but up 12.1ppt qoq) due to higher R&D spending and higher selling and marketing expenses.

Maintain BUY. We cut our target price to HK$489.00 from HK$520.00 to factor in slower gaming revenue growth.

Source: UOBKH

https://research.uobkayhian.com/content ... 4a77c508e9
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Aug 16, 2018 11:37 am

<Research Report>Deutsche Keeps TENCENT (00700.HK) at Buy with Target Down to $396

Deutsche Bank pointed out in its report that TENCENT (00700.HK)'s weakness in game business is transient in nature, which does not reflect structural or regulatory headwinds.

However, recovery in 3Q18 is expected to take place in a slower pace.

The broker retained Buy on TENCENT at the target price $396, down from $452.

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

Postby winston » Fri Aug 17, 2018 9:43 pm

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Tencent’s Troubles Go Deeper Than a Pause on Games

Costs are rising, margins shrinking, and Tesla is a top investment.

By Tim Culpan

Source: Bloomberg

https://www.bloomberg.com/view/articles ... e-on-games
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Sat Aug 18, 2018 5:01 am

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Tencent paid US$220 on March 28, 2018 for each Tesla's share; Tesla is worth US$306 on Aug 18, 2018.

March 28, 2018

Tesla deal boosts Chinese presence in US auto tech

China's Tencent Holdings has bought a 5 percent stake (8.2m shares) in U.S. electric car maker Tesla for $1.78 billion.

Tencent was an early investor in NextEV, a Shanghai-based electric vehicle startup that since has rebranded itself as Nio, .

Tencent also has funded at least two other Chinese EV startups, including Future Mobility in Shenzhen.

In addition, Tencent has invested in Didi Chuxing, the world's second-largest ride services company behind Uber, and in Lyft, Uber's chief U.S. rival.

Baidu has invested in Nio, as well as in Uber and Velodyne, a California maker of laser-based lidar sensors for self-driving cars.

Alibaba's mobility investments include Didi and Lyft.


Tencent owns about 8.2 million shares in Tesla, the carmaker said. It is the fifth-largest shareholder, behind Musk and investment companies Fidelity, Baillie Gifford and T. Rowe
Price.

Musk had a stake of about 21 percent as of Dec. 31.


Source: Reuters

https://www.cnbc.com/2017/03/28/messagi ... tesla.html
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Wed Aug 22, 2018 1:29 pm

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<Research Report>JPM: PRC Said to Resume Online Game Approval in Sep, May Favor Tencent & NetEase

In JPMorgan's report, it quoted from the local mobile game industry media outlet Youxichaguan that the Chinese government plans to resume monetization approval on mobile game next month (September).

From the broker's point of view, it is highly likely that online game license approval will restore in 2H18.

TENCENT (00700.HK) and NetEase are expected to enjoy share price upside therefrom.

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

Postby winston » Thu Aug 23, 2018 10:06 am

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TENCENT Builds Biggest Data Centers in N China with RMB30B

TENCENT (00700.HK) entered into a contract with the government of Huailai County, Zhangjiakou City today (22 August) with an investment amount of RMB30 billion for the construction of a new I.T. demonstration zone in North China region, China Securities Journal reported.

Pursuant to the agreement, TENCENT will invest in three data center bases in Huailai County, Zhangjiakou City.

By 2020, there will be approximately 1 million shelved severs after completion, creating the largest-and-most-premium-ever cloud computing integrated industrial bases in non-core cities on TENCENT's development history.

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

Postby winston » Fri Aug 31, 2018 12:43 pm

vested

China regulators plan to restrict number and usage of new games, amid concerns over child health

China’s regulators said they plan to limit the number of new online games and the total number of games, while taking steps to restrict the amount of time minors spend playing them.

President Xi Jinping has publicly spoken about the need to help children’s eyesight. Myopia among students is more common and is affecting children at younger ages, Xi said.


Source: SCMP

https://www.scmp.com/tech/article/21621 ... cerns-over
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Fri Aug 31, 2018 12:43 pm

vested

China regulators plan to restrict number and usage of new games, amid concerns over child health

China’s regulators said they plan to limit the number of new online games and the total number of games, while taking steps to restrict the amount of time minors spend playing them.

President Xi Jinping has publicly spoken about the need to help children’s eyesight. Myopia among students is more common and is affecting children at younger ages, Xi said.


Source: SCMP

https://www.scmp.com/tech/article/21621 ... cerns-over
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