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A Look Ahead: Tencent Q3 performance results are about to be released! Game revenue is expected to accelerate, video traffic sees healthy growth, how will the stock price perform this time?
After the Hong Kong stock market closed on November 13th Beijing time, Tencent is about to release its 2024 third quarter report. The market generally expects Tencent to achieve revenue of 167.746 billion yuan in Q3, a year-on-year growth of 8.49%; the EPS is expected to be 4.76 yuan, a year-on-year growth of 26.78%. The average target price set by institutions is 477 Hong Kong dollars, with the highest target price being 559 Hong Kong dollars.
Citi Rating | Goldman Sachs: Tencent's Q3 revenue is expected to increase by 7% year-on-year to 165.5 billion yuan. Game revenue is expected to increase by 12% annually.
Nov 8th | Morgan Stanley predicts that tencent (0700.HK) third-quarter revenue will increase by 7% to 165.5 billion yuan, and net profit under non-International Financial Reporting Standards will increase by 25% year-on-year to 56.2 billion yuan, benefiting from operational profit growth and increased contributions from subsidiaries. Game revenue is expected to increase by 12% year-on-year, with turnover increasing by about 20% year-on-year, compared to a 23% increase year-on-year in the second quarter. Dungeon & Warriors mobile game generated 9.5 billion yuan in turnover during the quarter, while Peace Elite saw a 24% year-on-year increase in turnover, and Supercell's Brawl Stars saw a 7-fold increase in turnover. The bank also predicts that tencent's third quarter
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Tencent's performance on Wednesday, focusing on two main points.
Gelonghui November 10th | Tencent will announce its third quarter performance on November 13th. The market expects revenue of 167.93 billion yuan, an 8.6% year-on-year increase, a net profit of 45.33 billion yuan, a 25% year-on-year increase, and an adjusted net profit of 54.37 billion yuan, a 21% year-on-year increase. There are two key points in Tencent's performance expectations: first, game revenue, especially the progress of plans to reduce revenue sharing with Apple or Google platforms; second, the contribution of joint ventures. The market expects game revenue to reach 51.4 billion yuan, a 12% year-on-year increase, including the popular mobile game "Dungeon & Fighter: Origins" (DnF mobile game) for Android.
One week preview | USA CPI, PPI data is coming! Powell and a group of Fed officials will speak intensively; The Chinese concept stock earnings season opens! Tencent, Alibaba performance will be announced soon.
China's financial data such as social zero, social financing, etc. will be released this week. The State Council Information Office will hold a press conference on the national economic situation; after the US election, the Bank of Japan will announce a summary of opinions from the October monetary policy meeting on Monday.
Express News | Zhipu AI equity exposure: Tang Jie directly holds 8% of the shares, Meituan, Tencent, and Sequoia are shareholders.
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