Tencent 0700 03 (Aug 18 - Dec 19)

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

Postby winston » Sat Oct 27, 2018 4:46 am

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China orders Tencent to clean up pornography on WeChat

Chinese authorities met with Tencent on October 26, ordered the company to clean up the content and shut down offending accounts

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... phy-wechat
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Mon Oct 29, 2018 1:50 pm

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<Research Report>Nomura Cuts TENCENT (00700.HK) Target to $335; 3Q Profit Misses

Nomura measured TENCENT (00700.HK)'s 3Q revenue and non-GAAP EPS at RMB84 billion and RMB1.78, up 28% and 0% YoY, with the latter forecast below street consensus.

The research house envisioned the mobile game business of the group to see recovery though, with 6% YoY and 10% QoQ hike.

Nomura voiced confidence on new games in Mainland China to obtain approvals as soon as the regulatory finishes restructuring.

Yet, popular mobile game "PUBG" of TENCENT arouses dissatisfaction from Mainland watchdog due to its wide gamer base on unique nature.

The research house foresaw the group to still seize large amount of game reserves despite possible user loss in case the group has to eliminate some characteristics of "PUBG" for passing the review.

The rating was maintained at Buyth target price trimmed to $335 from $449, indicating an upside of 29%.

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

Postby winston » Tue Oct 30, 2018 3:50 pm

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<Research Report>Citi: TENCENT Tightens Real-name Verification on 'Honor of Kings'; May Affect 4Q Game Revenue

Citigroup's report cited recent news that TENCENT (00700.HK) further tightened the real-name verification on all existing users of its most popular online game, Honor of Kings (HoK).

The broker opined that this may impact 4Q18 game revenue due to the hiccups on the growth of user traffic and time spent, as well as user loss.

The broker maintained Buy on TENCENT at the target price $420.

Source: AAstocks.com
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Thu Nov 01, 2018 8:29 am

Tencent shifts focus to business

by Tereza Cai

The major battle in China's mobile internet industry is shifting from the consumption-focused internet sector to the supply side business-focused internet arena, said Tencent (0700) chairman and chief executive Pony Ma Huateng.

He said Tencent will embrace business-focused internet and offer corporate clients easy and abundant access to the digital world.

Tencent will help companies across different industries digitize and boost their ability to innovate through cloud computing, big data and artificial intelligence, Ma said.

Tencent vice-president Jim Lai Zhiming said the firm's financial technology segment that grows at a high clip accounted for 23 percent of total revenue, and it is tipped to raise its contribution to 40 percent in the future.

He also said cross-border service is a promising business, and many companies in Southeast Asia have recently become "unicorns" rapidly as a result of China's export of its business model.

Tencent can help those firms develop and grow up rapidly by investing in them. This move will, in turn, bring opportunities to Tencent, he added.

Tencent yesterday spiked 5.87 percent to HK$267.

http://www.thestandard.com.hk/section-n ... r=20181101
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Fri Nov 02, 2018 4:11 am

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Tencent rebounds as restriction fears ease

by Avery Chen and Tereza Cai

The share price of Tencent (0700) yesterday rebounded 4.04 percent to HK$277.80 after China's media said mobile games are not dangerous and threatening although industry management and guidance need to be reinforced.

Meanwhile, the technology giant has started employing addiction prevention measures, including registration of real names and registration of games, expanding the scope of application from cities to across the nation.

It said its mobile game Honour of Kings started the process of "real-name registration" in Beijing and Tianjin, and the registration process will be undertaken across China and be completed in 11 months in six phases.

If a user' game account fails to pass the mandatory public real-name verification, that user will be barred from having a log-in.

More measures to prevent addiction to games are under development and will be announced in the days to come, Tencent said.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20181102
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Re: Tencent 0700 02 (Jan 15 - Dec 18)

Postby winston » Mon Nov 05, 2018 3:38 pm

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TENCENT to Activate Anti-Addiction System for All Online Games

TENCENT (00700.HK) announced that it had upgraded the health system for the online game "Honor of Kings" and put accounts of under-aged holders under 'anti-addiction' mode.

Under which, account holders who are under the age of 12 are limited to play for an hour a day and banned from playing during 21:00 to 08:00, while those who are above 12 and underaged are limited to play for two hours a day.

The group is planning to extend the health system coverage to all other mobile and PC games in year 2019.

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

Postby winston » Tue Nov 06, 2018 11:18 am

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<Research Report>BofAML Trims TENCENT (00700.HK) TP to $422; Rated Buy

Bank of America Merrill Lynch has trimmed TENCENT (00700.HK)'s price objective from $459 to $422, indicating changes in earnings forecasts and reduced market value of the firm.

However, TENCENT was retained at Buy, as monetization opportunities will emerge on its stable social platform business.

As projected, TENCENT's 3Q18 sales will rise 21% YoY to RMB79 billion, meaning blended game sales will elevate 4% QoQ but decline 3% YoY.

Further, the firm's estimated GAAP net profit will grow 6% YoY to RMB19.2 billion in 3Q18.

All in all, TENCENT's 2018-2020 revenue forecasts were cut by 2-5%, whereas its 2018-2020 EPS forecasts were lowered by 3-8%.

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

Postby winston » Wed Nov 07, 2018 10:10 am

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TENCENT 'Honor of Kings' Juvenile Users Spend Half Less Time Online Compared to Peak

The mental health protection platform of TENCENT (00700.HK) for juveniles is launched in Shenzhen, Securities Times reported.

In cooperation with Samsung, Huawei, Vivo, OPPO and XIAOMI-W (01810.HK), TENCENT mounts function plug-in, account linkage and equipment control.

As a result, under-age users of Honor of Kings spent approximately 52.3% less time online on a single day compared with the peak last year.

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

Postby winston » Wed Nov 07, 2018 1:10 pm

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Pony Ma: TENCENT To Launch VR WeChat in 2019, Boost Fundamental Research Investment

In 2019, TENCENT (00700.HK) will launch the virtual-reality (VR) form of WeChat which is presently at the R&D stage, as Sina Tech quoted from Tencent Chairman Pony Ma.

Ma added that the firm will augment investments in frontier technologies and fundamental research to realize the Broadband China ideal and shape China as a technology giant.

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

Postby winston » Thu Nov 08, 2018 11:00 am

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<Research Report>C Suisse Retains TENCENT (00700.HK) at Outperform with TP Cut to $411

Credit Suisse projected that TENCENT (00700.HK) will post a YoY growth of 13% in its total online games next year, with mobile and PC up 20% and 3%.

The research house opined that the restriction on minor users' gaming time will only bring limited impact on TENCENT, given its limited minor user base and consumption power.

The 2019-20E non-GAAP profit was cut by 9% to reflect the recent industry trend and influence.

The rating was maintained at Outperform with target price trimmed to $411 from $453.

Source: AAStocks Financial News
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