Brokers: Tencent's 3Q Non-IFRS NP May Inch Up; Ad, Online Game Growth Slowed by Regulation
Brokers: Tencent's 3Q Non-IFRS NP May Inch Up; Ad, Online Game Growth Slowed by Regulation
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.
騰訊控股(00700.HK)將於11月10日公佈截至2021年9月的第三季度業績。根據本報記者整理的券商預測，該公司2013Q21非IFRS淨利潤可能在274.34億元至360.73億元人民幣之間，同比變化-15.1%至+11.7%。預測中值為325.75億元人民幣，同比增長0.8%。在沒有大規模推出的情況下，騰訊控股的手機遊戲收入可能會在旗艦遊戲的支持下同比增長9%。考慮到監管對社交廣告的影響，其在線廣告收入的同比增長可能會放緩至9%。--------------------------------------------------經紀商│3Q21E非國際財務報告準則NP(人民幣)│同比變化申萬宏源│36.073B│+11.7%交通銀行│36.005B│+11.5%KeyBanc資本市場│351.15億│+8.7%ICBCI│34.2B│+5.9%.傑富瑞│33.2B│+2.8%廣發證券│32.8億│+1.5%.瑞士信貸│32.766億│+1.4%.中金│32.613億│+1%.Essence International│32.608億│+0.9%.建行│32.541B│+0.7%中信股份證券│325.35億│+0.7%.中信建投證券│32.5億│+0.6%.摩根士丹利│32.188B│-0.4%.里昂證券│31.581B│-2.2%花旗集團│31.488億│-2.5%.摩根大通│29.349億│-9.1%大和│29.51B│-8.6%瑞銀│27.434B│-15.1%基於第三季度非國際財務報告準則的淨利潤為323.03億元人民幣。