TENCENT's international games recovery seems to have been overlooked by investors, UBS said in a research report, citing industry data that said Supercell, a Finnish mobile game company that TENCENT acquired earlier this year, was expected to resume growth in 1Q24, with revenues expected to spike as much as 82%. As Supercell contributed approximately 10% of TENCENT's game revenue, it was expected to directly benefit TENCENT's growth...
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At the 2024 Beijing International Automotive Exhibition, Tencent and Toyota announced a strategic partnership. Dowson Tong, Senior VP of Tencent, revealed plans to collaborate in AI, cloud computing, and big data. Toyota China's Xu Yiming mentioned Tencent's tech would enhance intelligent driving solutions for a new Chinese-made car launching this year.
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $Toyota Motor(TM.US$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $Toyota Motor(TM.US$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$
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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...
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...
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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...
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...
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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...
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...
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The Hong Kong stock market rallied on Monday morning.
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$
$TENCENT(00700.HK$ $Tencent(TCEHY.US$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$
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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...
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...
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HSBC Global Research highlighted that $TENCENT(00700.HK$ is expected to announce its 1Q24 results on May 14.
The report suggests that Tencent's mobile game revenue for 1Q24 is forecasted to grow, driven by strategic adjustments and robust performance from key titles like Fight of the Golden Spatula and CrossFire Mobile.
The brokerage firm believes that Tencent is regaining momentum in its growth trajectory and anticipates further improvement in the...
The report suggests that Tencent's mobile game revenue for 1Q24 is forecasted to grow, driven by strategic adjustments and robust performance from key titles like Fight of the Golden Spatula and CrossFire Mobile.
The brokerage firm believes that Tencent is regaining momentum in its growth trajectory and anticipates further improvement in the...
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There was HKD945.3 million, HKD452.6 million and HKD230.3 million Southbound Trading net inflow to $TENCENT(00700.HK$ , $CCB(00939.HK$ and $CHINA MOBILE(00941.HK$ .
There was HKD187.2 million, HKD60.4 million and HKD33.8 million Southbound Trading net outflow from $MEITUAN-W(03690.HK$ , $PETROCHINA(00857.HK$ and $CNOOC(00883.HK$ .
For $SH->HK Connect(GangGuTong.HK$ , $TRACKER FUND OF HONG KONG(02800.HK$ was the most ...
There was HKD187.2 million, HKD60.4 million and HKD33.8 million Southbound Trading net outflow from $MEITUAN-W(03690.HK$ , $PETROCHINA(00857.HK$ and $CNOOC(00883.HK$ .
For $SH->HK Connect(GangGuTong.HK$ , $TRACKER FUND OF HONG KONG(02800.HK$ was the most ...
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Morgan Stanley predicts a 5% YoY growth in TENCENT's 1Q24 revenue, slightly below market expectations due to weaker gaming and fintech growth. However, advertising revenue remains strong. Gross profit and net profit are forecasted to increase by 18% and 25% YoY respectively, driven by increased share buybacks. TENCENT's aggressive buyback strategy is compensating for the sell-off by major shareholder $Prosus N.V. Sponsored ADR(PROSY.US$ in 1Q.
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