Tencent 0700 04 (Oct 21 - Dec 25)

[winston]

not vested

<Hindsight>Brokers' Latest TPs/ Opinions on TENCENT After Results Ann

Broker│Rating│TP (HKD)
Daiwa│Buy│670->750
CLSA│High Conviction Outperform│710->740
UOB Kay Hian│Buy│650->736
Citi│Buy│699->735
Nomura│Buy│670->721
UBS | Buy | 710-> 720
Jefferies | Buy | 665 -> 706
Goldman Sachs | Buy | 658 -> 701
Morgan Stanley | Overweight | 650 -> 700
HSBC Global Research | Buy | 650 -> 690
JPMorgan | Overweight | 600

Broker│Opinion
Daiwa│Growth momentum continued
CLSA│Results significantly beat expectations
UOB Kay Hian│2Q25 results were strong
Citi│Quarterly results significantly beat expectations
Nomura│Online game business performed well
UBS | Quarterly results beat expectations; a re-rating on value is expected
Jefferies | AI potential was unlocked; the stock is confirmed as its sector top pick
Goldman Sachs | AI drove growth across all businesses
Morgan Stanley | Core business was solid, while AI delivered high investment returns
HSBC Global Research | Core business performance became stronger
JPMorgan | Quarterly results were largely in line with expectations; market is expected to maintain earnings estimations

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Tencent's quarterly growth beats expectations on gaming demand, AI services

Tencent (0700) reported a third-quarter revenue growth of 15 percent on Thursday, as China's largest social media and gaming company benefited from strong gaming demand and expanding AI-driven services.

The Shenzhen-based technology company posted revenue of 192.9 billion yuan (HK$211 billion) for the three months ended September 30. That compared with the 188.9 billion yuan average of analyst estimates compiled by LSEG.

Gaming revenue rose 15 percent to 42.8 billion yuan at home and 43 percent to 20.8 billion yuan overseas.

Revenue from advertising rose 21 percent to 36.2 billion yuan, boosted by artificial intelligence that improved targeting capability.

Net profit climbed to 63.1 billion yuan, compared with a 57.3 billion yuan average analyst estimate, LSEG data showed.

Source: The Standard

https://www.thestandard.com.hk/tech-and ... le/316715/

[winston]

not vested

Broker│ Opinion

Jefferies│ Revenue and earnings beat expectations

Citi│ core operations were strengthened while developing AI agent

BofA Securities│ Advertising business was strong, while game business was in line with forecasts, with QoQ decline in capital expenditure

Goldman Sachs│All businesses were solid and beat projections

Nomura│ Online game business drove higher-than-expected revenue

Daiwa│ AI introduction fueled advertisement growth

BOCI│ Quarterly results beat expectations, with surprising overseas games, continuing executing solid AI strategy

CLSA│ Game and advertising persistently beat forecasts, while enhanced AI capabilities and ecosystem stickiness drove revenue growth

Morgan Stanley│ All segments demonstrated solid performance

CICC│ Game performance was strong, with ongoing AI deployment

JPMorgan│ Results were solid

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN