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TENCENT HOLDINGS ADR (TCEHY) – How Analysts View Tencent Ahead Of Earnings?


How Analysts View Tencent Ahead Of Earnings?

  • Jefferies maintains its purchase ranking on Tencent Holdings Ltd (OTC: TCEHY) and expects a 16% income progress in Q3, Bloomberg reviews. Tencent will seemingly report earnings on November 10.
  • Tencent was a important sufferer of China’s tech crackdown, with its shares down practically 40% from a file excessive in January. 
  • Tencent’s shares have already priced additional clampdowns on on-line gaming and stand to learn from the potential unlocking of gaming patents.
  • Considerations relating to minors’ gaming hours and the impression on adverts from education-focused laws are “priced in,” analysts together with Thomas Chong famous. Rising advert demand from the Winter Olympics in China may offset the misplaced income from some edutech corporations.
  • Tencent launched its hotly anticipated League of Legends Cellular on October 8, virtually a month after its initially scheduled launch.
  • The shorter-than-expected delay was “constructive reduction,” Citigroup Inc analysts, together with Alicia Yap, famous. Whereas proceeds will unlikely add a lot grossing contribution in This autumn, it may assist home gaming income progress into 2022, Citi stated.
  • Associated Content material: NetEase Inventory Plummets As China Limits Gaming Time For Minors
  • Value Motion: TCEHY shares closed greater by 0.88% at $63.19 on Friday.

Newest Rankings for TCEHY

Date Agency Motion From To
Feb 2021 Barclays Maintains Chubby
Might 2020 Barclays Maintains Chubby
Nov 2019 Macquarie Initiates Protection On Outperform

View Extra Analyst Rankings for TCEHY

View the Newest Analyst Rankings

 

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