Morgan Stanley's latest research report indicates that Tencent's collaboration with South Korean game company Nexon for the release of Dungeon & Fighter (DNF) mobile game is scheduled for May 21 in China.
This launch is considered one of Tencent's most significant title releases in recent years, and it is poised to serve as a major catalyst for the company's domestic game business in the second quarter of 2024. A...

BofA Securities recently released a report based on discussions with Tencent management and U.S. investors, revealing Tencent's ambitious plans for share buybacks.
Tencent intends to buy back shares worth $100 billion this year, demonstrating strong commitment, capability, and execution in shareholder return initiatives.
With Tencent accelerating its buyback pace to $1 billion per day in January, BofA Securities estimates the ann...

BOCI projects TENCENT's 1Q24 revenue to grow by 5% YoY to RMB157 billion, with GPM and adjusted NPM meeting street consensus at 49.7% and 27.3%.
The broker highlights TENCENT's focus on a high-quality growth strategy, providing visible financial certainty for the future.
Expectations include accelerated revenue growth in 2Q-4Q24E, coupled with a strong capital return plan, prompting BOCI to maintain its Buy rating and target price of $407...

Jefferies research report highlights Tencent as the top pick in the Asia-Pacific (APAC) internet sector due to its diversified business model and potential for gross profit margin expansion.
European investors' interest in the sustainability and earnings growth of the APAC internet sub-sector amid macroeconomic challenges and geopolitical tensions.
Key areas of focus include demand for travel and local services, upcoming ne...