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[Brokerage Focus] Bocom Intl raises Tencent (00700) target price by 5.6%, expecting it to maintain a profit growth rate faster than revenue growth trend.
Golden Finance News | Bocom Intl releases Tencent (00700) third-quarter performance outlook, expecting a 11% year-on-year increase in game revenue, basically in line with previous expectations. Among them, local/overseas mobile game revenue in the third quarter may increase by 15%/18% year-on-year, driven by "MDnF"/"Wild Rift"; PC game revenue decline may narrow to 1%, considering the rise in popularity of "Fearless Agreement" may partly offset the impact of the high base number of "DnF". The bank slightly lowered Tencent's third-quarter advertising revenue growth to 16% year-on-year, mainly due to: 1) adjustments in advertising budgets by advertisers; 2) Tencent Video content popularity lower than previous expectations. In addition, forecast
Zhitong ADR Statistics | October 15th
On Monday, the three major U.S. stock indexes collectively rose, while the HSI ADR fell. Calculated proportionally, it closed at 21030.58 points, a decrease of 62.29 points or 0.30% from the close in Hong Kong.
Tencent Music Entertainment Group to Report Third Quarter 2024 Financial Results on November 12, 2024
Express News | Alibaba Down 1.6%, Bilibili Down 2.4%, Tencent Music Entertainment Down 1.7%
Citi: Raises tencent target price to 520 Hong Kong dollars, maintains a "shareholding" rating.
JPMorgan issued a report stating that the adjusted earnings per share forecast for Tencent Holdings (00700) in the next two years has been raised by 3% and 6%, with the target price raised from HK$480 to HK$520, maintaining a "shareholding" rating. The report mentioned that Tencent Holdings' stock price has underperformed other e-commerce stocks in the recent market rally, based on investors increasing exposure to the potential macroeconomic recovery theme. The bank believes that Tencent Holdings' earnings are more driven by sse non-cyclical industry 100 index operations, but they believe that the company's non-cyclical operations will continue to deliver positive alpha, especially in the gaming business. The cyclical operations of Tencent Holdings are also expected to benefit from the recovery in consumer spending in the coming quarters, similar to e-commerce platforms.
[Brokerage Focus] Founder Securities maintains a 'strong buy' rating on Tencent (00700), expecting a 8.4% year-on-year revenue growth in Q3.
Kingwus Finance News | Founder Securities releases tencent (00700) Q3 performance outlook, expects tencent to achieve revenue of 167.6 billion yuan in 24Q3 (YoY+8.4%), including game revenue of 52.9 billion yuan (YoY+15%), social value-added services revenue of 30.3 billion yuan (YoY+2%), advertising revenue of 29.1 billion yuan (YoY+13%), cni xiangmi lake fintech index revenue of 43.4 billion yuan (YOY+1%) and enterprise services revenue of 10 billion yuan (YoY+10%). Expected gross margin is 53.5%, with a year-on-year growth of 17% in gross profit, non-IFRS operating profit is expected to increase year-on-year.
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