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.
腾讯控股(00700.HK)将于11月10日公布截至2021年9月的第三季度业绩。根据本报记者整理的券商预测，该公司2013Q21非IFRS净利润可能在274.34亿元至360.73亿元人民币之间，同比变化-15.1%至+11.7%。预测中值为325.75亿元人民币，同比增长0.8%。在没有大规模推出的情况下，腾讯控股的手机游戏收入可能会在旗舰游戏的支持下同比增长9%。考虑到监管对社交广告的影响，其在线广告收入的同比增长可能会放缓至9%。--------------------------------------------------经纪商│3Q21E非国际财务报告准则NP(人民币)│同比变化申万宏源│36.073B│+11.7%交通银行│36.005B│+11.5%KeyBanc资本市场│351.15亿│+8.7%ICBCI│34.2B│+5.9%.杰富瑞│33.2B│+2.8%广发证券│32.8亿│+1.5%.瑞士信贷│32.766亿│+1.4%.中金│32.613亿│+1%.Essence International│32.608亿│+0.9%.建行│32.541B│+0.7%中信股份证券│325.35亿│+0.7%.中信建投证券│32.5亿│+0.6%.摩根士丹利│32.188B│-0.4%.里昂证券│31.581B│-2.2%花旗集团│31.488亿│-2.5%.摩根大通│29.349亿│-9.1%大和│29.51B│-8.6%瑞银│27.434B│-15.1%基于第三季度非国际财务报告准则的净利润为323.03亿元人民币。