Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal down584.000 -2.000 (-0.341%)
Research Report

15/10/2020 14:43

{I-bank focus}Tencent's 3Q net seen up 30% to Rmb31.8bn

[ET Net News Agency, 15 October 2020] Tencent Holdings (00700) will report 3Q results
on 12 November. Credit Suisse expects total revenue growth of 26% to Rmb122.4bn. Non-GAAP
net profit is expected to reach Rmb31.8bn, up 30%.
The research house expects the momentum of mobile games to remain strong at 47%, thanks
to the resilient performance of flagship titles. Deferred revenue carried from 1H also
offers support.
The online ad is expected to see growth slightly accelerate to 14% driven by still
healthy growth of social ads and significant narrowing of decline from media ads. Fintech
and business services is expected to grow by 29% as the cloud business is yet to see full
normalization from COVID-19-related project delays.
Credit Suisse maintained its "outperform" rating on Tencent, with a target price of
HK$683. (KL)

Remark: Real time quote last updated: 24/11/2020 11:17
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.