Thomas Chong, head of China Internet research at $Jefferies ...

Thomas Chong, head of China Internet research at $Jefferies Financial (JEF.US)$, expects $TENCENT (00700.HK)$ 's revenue in the Q3 to drop 3% yoy to 137.8 billion yuan. Mobile game revenue is expected to decrease by 7%, online advertising revenue is expected to decrease by 11%, and financial technology revenue is expected to increase by 5%. Net profit may decline by 4% to 30.4 billion yuan. This prediction is more pessimistic than the 3% decline in the company's net profit in the Q3 made by $CITIC SEC (06030.HK)$ and $Tianfeng (601162.SH)$ .