BOCOMI has raised $TENCENT (00700.HK)$ 's target price to HKD 513, up from HKD 486, while maintaining a Buy rating. The firm predicts Tencent's 3Q24 domestic game revenue will rise 29%, still boosted by Dungeon & Fighter: Origins, though slightly lower than the 32% growth in 2Q24. Overseas game revenue is forecast to grow 27% YoY, driven by Supercell's “Brawl Stars”.
Total game revenue for Tencent is expect...

The latest data released by Honor of Kings (HoK), TENCENT's game, shows that more than 100 million players participated in online activities during the product's 9th anniversary event, signaling that the 9-year-old HoK's highest daily active users (DAU) still managed to exceed 100 million, according to 21st Century Business Herald.
In November 2020, HoK once announced that its DAU reached 100 million per day.
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China's video gaming market reaches a record $12.9 billion in 3Q24, up 8.9% YoY. This is an impressive comeback story even with the gaming hour limitations on minors.
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$

There was HKD243.8 million, HKD100.1 million and HKD36.7 million Southbound Trading net inflow to $BABA-W (09988.HK)$ , $GCL TECH (03800.HK)$ and $SMIC (00981.HK)$ .
There was HKD493.3 million and HKD469.8 million Southbound Trading net outflow from $TENCENT (00700.HK)$ and $MEITUAN-W (03690.HK)$ .
For $SH->HK Connect (GangGuTong.HK)$, $BABA-W (09988.HK)$ was the most active stock with highest net inflow of HKD852.3 mi...

FITCH CONFIRMS $Tencent (TCEHY.US)$'S 'A+' RATING; OUTLOOK REMAINS NEGATIVE.
FITCH MAINTAINS $Alibaba (BABA.US)$ 'S 'A+' RATING; OUTLOOK REMAINS NEGATIVE
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Goldman Sachs has set $TENCENT (00700.HK)$ ’s target price at $521 in a base case scenario, assuming no further economic deterioration and a stable regulatory environment for domestic games.
For 2025, Goldman Sachs applied these valuation multiples:
14x PE for domestic games
21x PE for international games
22x PE for online advertising
17x PE for fintech
5x PS for business services
Additionally, the investment portfol...

Huatai Securities forecasts $TENCENT (00700.HK)$’s Q3 revenue to grow 9.3% YoY. However, due to macroeconomic factors, advertising growth is expected to slow to 16%. Additionally, the mobile game "Dungeon & Fighter" showed a slight MoM decline in September.
In the long-term, Huatai is optimistic. They highlight future catalysts like the potential launches of "Honor of Kings: World" and "Breaking Dawn" in 2...

HSBC Global Research has highlighted earnings growth quality and valuation opportunities in China's internet industry, maintaining a Buy rating for $MEITUAN-W (03690.HK)$ , $TENCENT (00700.HK)$ , and $BABA-W (09988.HK)$ . Despite macroeconomic challenges, Meituan's earnings remain strong, while Tencent’s revenue shift towards higher-margin sectors and cost discipline boost growth. Alibaba is expected to benefit...

CICC reports that $TENCENT (00700.HK)$ 's gaming business is expected to grow rapidly in the second half of 2024, supported by high-quality profit margins and shareholder returns. The broker has maintained an Outperform rating with a target price of $468.
Key growth drivers include:
A projected 11% increase in overseas gaming revenue for 3Q24, driven by updates to old games from Supercell and continued strong performanc...

TENCENT BUYBACKS AT HK$35.9 BILLION IN Q3, TOTAL BUYBACKS REACH HK$88.26 BILLION THIS YEAR, HKEX DATA SHOWED.
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