TENCENT Stock Forum

PPI y/y and m/m remained steady.
PPI -0.2% m/m, with a -0.1% input prices and producer prices for consumption goods remained at +0.1%.
Month-on-Month Analysis:
Prices in the domestic oil and natural gas extraction industry rose by 3.0% due to international influences, while the prices for non-ferrous metal smelting and rolling industries dropped by 0.4%. Copper smelting prices decreased by 1.6%, and aluminum smelting prices fell by 0.2%.
Coal prices remained stable, with th...

Gradual recovery in consumption and the rainy season help turn the CPI m/m to positive.
The core CPI rose by 0.3% y/y, from -0.1%.
Food prices rose by 1.2% y/y, from -0.6%.
Vegetables and eggs rose by 9.3% and 4.4% y/y, due to bad weather.
Pork prices rise by 20.4% y/y, vs +2.3 PPS vs June.
For y/y price changes
Food, tobacco & liquor +0.2%
Clothing +1.7%
Accomodation +0.1%
Necessities & services +0.7%
Transportation & Communication -0.6%
Education, Culture & Entertainment ...

TENCENT will announce its 2Q results on August 14. Benefiting from game revenue growth in China, increased ad revenue from AI and video, and improved gross profit margins, 14 brokers expect TENCENT's 2Q24 non-IFRS net profit to be between RMB46.837 billion and RMB50.2 billion, marking a 24.7%-33.7% YoY increase. The median forecast is RMB48.11 billion, up 28.1% YoY.
Additionally, 7 brokers expect TENCENT's net profit to range from RMB35.7 bill...

Tencent Games announced that the overseas version of its game “Arena Breakout: Infinite” will launch next Tuesday (13th) with no account limits. This season features a new frontline fortress map, new weapons and equipment, elimination replays, and spectator viewing angles. The minimum graphics card requirements have been optimized and reduced to GEFORCE GTX960. Pre-download opens at 10:00 a.m. Beijing time next Monday (12th...