China approved over 100 domestic games for 2nd straight month, analysts expect gaming sector recovery in Q4
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $NetEase (NTES.US)$ $NTES-S (09999.HK)$ $Bilibili (BILI.US)$ $BILIBILI-W (09626.HK)$
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $NetEase (NTES.US)$ $NTES-S (09999.HK)$ $Bilibili (BILI.US)$ $BILIBILI-W (09626.HK)$
2
Good news = bad stock price performance.
You could have made a lot of money with put options. 😂
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $BABA-W (09988.HK)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $NTES-S (09999.HK)$ $NetEase (NTES.US)$ $Li Auto (LI.US)$ $LI AUTO-W (02015.HK)$ $Tencent Music (TME.US)$ $TME-SW (01698.HK)$ $UP Fintech (TIGR.US)$
You could have made a lot of money with put options. 😂
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$ $BABA-W (09988.HK)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $NTES-S (09999.HK)$ $NetEase (NTES.US)$ $Li Auto (LI.US)$ $LI AUTO-W (02015.HK)$ $Tencent Music (TME.US)$ $TME-SW (01698.HK)$ $UP Fintech (TIGR.US)$
10
1
Revenue +8% to $23.9 billion (BEAT vs $23.3b)
Adjusted EPS +36% to $0.92 (BEAT vs $0.89)
- Total MAU +3% to 1.382m
- Mobile MAU +0.7% to 562m
- Fee-based VAS subs +9% to 265m
- VAS revenue +9% to $11.78b
- Marketing svcs rev +17% to $4.27b
- FinTech/Biz Svcs rev +2% to $7.56b
- Int'l market game gross receipts +30% YoY
- Adjusted EBITDA +13.6% to $9.9b
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
Adjusted EPS +36% to $0.92 (BEAT vs $0.89)
- Total MAU +3% to 1.382m
- Mobile MAU +0.7% to 562m
- Fee-based VAS subs +9% to 265m
- VAS revenue +9% to $11.78b
- Marketing svcs rev +17% to $4.27b
- FinTech/Biz Svcs rev +2% to $7.56b
- Int'l market game gross receipts +30% YoY
- Adjusted EBITDA +13.6% to $9.9b
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
1
Tencent adds 3,000 jobs in third quarter, signalling Big Tech growth in China amid AI race $TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
1
Nomura released a report, projecting TENCENT's 3Q24 total revenue to rise 8% YoY, in line with street consensus. The 3Q24 non-IFRS net profit was expected to hike 23% YoY, 3% above street consensus, given ongoing margin expansion. The company’s gross margin is likely to improve by 4 ppts YoY to 53.6% in 3Q24, higher than the market expectation of 53.4%, thanks to the shift in the revenue mix towards high-margin businesses.
Tencent...
Tencent...
3
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...
Total game revenue for Tencent is expect...
3
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.
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
In November 2020, HoK once announced that its DAU reached 100 million per day.
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
1
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.
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
$TENCENT (00700.HK)$ $Tencent (TCEHY.US)$
1
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...
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...
5
FITCH CONFIRMS $Tencent (TCEHY.US)$'S 'A+' RATING; OUTLOOK REMAINS NEGATIVE.
FITCH MAINTAINS $Alibaba (BABA.US)$ 'S 'A+' RATING; OUTLOOK REMAINS NEGATIVE
$TENCENT (00700.HK)$ $BABA-W (09988.HK)$
FITCH MAINTAINS $Alibaba (BABA.US)$ 'S 'A+' RATING; OUTLOOK REMAINS NEGATIVE
$TENCENT (00700.HK)$ $BABA-W (09988.HK)$
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