Tencent 0700 03 (Aug 18 - Sep 21)

[winston]

not vested

<Research Report>HSBC Research Axes TENCENT (00700.HK) TP to $430; Rated Buy

TENCENT (00700.HK)'s share price has amassed 20% correction since mid-April, thanks to rekindled trade tensions and feeble advertising business due to macro headwinds, HSBC Global Research said in its report.

The broker cut the tech giant's FY2019-2021 adjusted EBITDA by 1-4%.

The target price was axed to $430 from $464 with rating kept at Buy.

HSBC Global Research said it is upbeat on the positive profit recovery of TENCENT in future.

Source: AAStocks Financial News
Web Site: www.aastocks

[winston]

not vested

Chinese teens are shying away posting on Wechat

Source: SCMP

https://www.scmp.com/tech/apps-social/a ... ves-wechat

[winston]

not vested

<Research Report>G Sachs Cuts TENCENT (00700.HK) TP to $412; Rated Buy

Goldman Sachs chopped TENCENT (00700.HK)'s target price to $412 from $415 based on its renewed forecast on USD/RMB and RMB/HKD forex of 7.15 and 1.1 from 7.05 and 1.11 previously.

Accounting in HKD, the 2019E-2021E EPS were $10.55, $13.35 and $16.72, vs previous estimates of $10.74, $13.84 and $17.32.

The rating was kept at Buy.

Source: AAStocks Financial News

[winston]

not vested

<Research Report>Jefferies Cites TENCENT: Online Game Player Base Strong, Ad Biz Trend Unchanged

Jefferies noted TENCENT (00700.HK) is consolidating PC game user base with sturdy cash flow, despite PC game decline and user migration from PC to mobile games.

Among which, League of Legends was favored by new game modes launched in July, while Dungeon Fighter Online centered on user engagement rather than monetization.

Further, the broker saw no change in the advertising trend.

Media ads softened under macro headwinds, competition and online video regulation in 2Q19, while social ads benefited from rising ad loads for Moments, QQ Browser and Kandian.

Source: AAStocks Financial News

[winston]

not vested

TENCENT's PUBG Mobile, Game For Peace Revenues Top US$1B: Sensor Tower

TENCENT (00700.HK) has reaped more than US$1.0 billion in revenue from PUBG Mobile and Game For Peace, according to the statistics from Sensor Tower.

Compared with its prominent rival, Fortnite from Epic Games, PUBG Mobile has grown its revenue by 165% yearly on iOS platform, while Fortnite's declined by 36% over the same period a year ago.

Source: AAstocks.com

[winston]

not vested

<Research Report>Jefferies: TENCENT Expands Overseas Biz, New Opportunity to Entertainment Biz

Jefferies issued a report, covering TENCENT (00700.HK)'s proposed stake increase in Supercell.

If the transaction completes, TENCENT will hold the major stake in Supercell, and thus it needs to consolidate financial results.

In Jefferies' opinion, the deal reflected TENCENT's confidence in Supercell's outlook, and that overseas strategy offers new opportunities to entertainment business.

The Company had announced it intends to convert the US$40-million convertible bond of Halti S.A. (the consortium) into 44,000 shares and increase its equity voting interest in the consortium from 50% to 51.2%. The consortium currently holds an 82.2% controlling interest in Supercell.

Source: AAStocks Financial News

[winston]

not vested

Tencent 'Call of Duty: Mobile' Lures 20M Gamers over 1st Two Days of Debut

TENCENT (00700.HK) 's Call of Duty: Mobile has lured 20 million gamers only two days after the worldwide debut, reported Bloomberg.

The title, an adapted version of the video game franchise, recorded a US$2-million player spending after launching in Europe, India and Latin America, with downloads surpassing Nintendo's Mario Kart Tour to be one of the most successful mobile game launches in history, according to Sensor Tower data.

Call of Duty: Mobile was ranked second under the genre of Action Games on App Store, scoring 4.5 in ratings.

Source: AAstocks.com

[winston]

not vested

<Research Report>JPM: TENCENT Kept Overweight as 3Q Non-GAAP NP May Grow 36%

TENCENT (00700.HK)'s price movement diverged from key China ADRs over the last three months, due to market concerns about its PC game and advertising business slowdown.

However, JPMorgan believed the giant's 2H19 and 2020 mobile game outlook was stronger than 1H19.

Tencent's estimated 3Q19 revenue and non-GAAP EPS performance was not ideal, growing 22% and 36% respectively.

Overall, Tencent was kept at Overweight for next 12 months, with an unchanged target of $450.

Source: AAStocks Financial News

[winston]

not vested

Tencent (0700) was among the losers today, falling by 2.38 percent at HK$319.80.

The company live-streamed NBA season-opening games although the state broadcaster CCTV shut out coverage.

Source: The Standard

[winston]

not vested

The sell-off in Asia’s biggest stock is nearing US$100bil

HONG KONG: Tencent Holdings Ltd.’s sell-off may get a lot worse after the shares failed to hold above their key support level.

Asia’s biggest stock closed down 0.3% in Hong Kong on Thursday, despite an otherwise upbeat market in the city.

Tencent is now trading below the key level of HK$320 that supported its shares on three occasions this year.

The stock has lost about 20% since a peak in April, equivalent to some $93 billion in market value.

While Tencent has been stuck in a downtrend for months, selling was particularly aggressive earlier this week despite no apparent trigger.

Theories circulating round some trading floors included souring sentiment from investors in China, as well as concern that Tencent’s decision to air National Basketball Association games may backfire.

Adding to jitters this week was a local media report that China is considering revising a law to control young people’s online gaming activities -- a business that remains one of Tencent’s most profitable.

The Internet giant will report third quarter earnings on Nov. 13.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... QE4f3I1.99