TENCENT (00700.HK) will unveil the result for the third quarter ended September 2021 on 10 November. According to brokers' forecasts as compiled by our reporters, the firm's 3Q21 non-IFRS net profit may range RMB27.434-36.073 billion, a change of -15.1% to +11.7% YoY. The median forecast is RMB32.575 billion, up 0.8% YoY.
Tencent's mobile game revenue may leap 9% YoY, backed by flagship titles in absence of big rollouts. Its online ad revenue growth could ease to 9% YoY given social ad impact from regulation.
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Brokers│3Q21E Non-IFRS NP (RMB)│YoY change
Shenwan Hongyuan│36.073B│+11.7%
BOCOMI│36.005B│+11.5%
KeyBanc Capital Markets│35.115B│+8.7%
ICBCI│34.2B│+5.9%
Jefferies│33.2B│+2.8%
GF Securities│32.8B│+1.5%
Credit Suisse│32.766B│+1.4%
CICC│32.613B│+1%
Essence International│32.608B│+0.9%
CCBI│32.541B│+0.7%
CITIC Securities│32.535B│+0.7%
CSC Financial│32.5B│+0.6%
Morgan Stanley│32.188B│-0.4%
CLSA│31.581B│-2.2%
Citigroup│31.488B│-2.5%
JPMorgan│29.349B│-9.1%
Daiwa│29.51B│-8.6%
UBS│27.434B│-15.1%
Based on 3Q20 non-IFRS net profit of RMB32.303 billion.
Tencent's mobile game revenue may leap 9% YoY, backed by flagship titles in absence of big rollouts. Its online ad revenue growth could ease to 9% YoY given social ad impact from regulation.
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Brokers│3Q21E Non-IFRS NP (RMB)│YoY change
Shenwan Hongyuan│36.073B│+11.7%
BOCOMI│36.005B│+11.5%
KeyBanc Capital Markets│35.115B│+8.7%
ICBCI│34.2B│+5.9%
Jefferies│33.2B│+2.8%
GF Securities│32.8B│+1.5%
Credit Suisse│32.766B│+1.4%
CICC│32.613B│+1%
Essence International│32.608B│+0.9%
CCBI│32.541B│+0.7%
CITIC Securities│32.535B│+0.7%
CSC Financial│32.5B│+0.6%
Morgan Stanley│32.188B│-0.4%
CLSA│31.581B│-2.2%
Citigroup│31.488B│-2.5%
JPMorgan│29.349B│-9.1%
Daiwa│29.51B│-8.6%
UBS│27.434B│-15.1%
Based on 3Q20 non-IFRS net profit of RMB32.303 billion.