Big Bank Ratings | CMB International: Regulatory risks have not been eliminated, Tencent (0700. HK) stock price is expected to be at a low level of about HK $402

格隆汇2021-08-17

On August 17th, Tencent (0700. HK) will announce its interim results tomorrow. According to the CMB International Development and Research Report, it is estimated that the revenue/profit in the second quarter will increase by 18%/8% year-on-year, which is slightly lower than the market expectation. Among them, value-added services/advertising/other revenue is expected to increase by 11%/21%/32% year-on-year. It is believed that the slowdown of game growth and the decline of profit margin have been fully expected by the market. At present, worries focus on the uncertainty of supervision, including preventing minors from indulging in online games, tax rate changes and anti-monopoly. In the short term, regulatory risks weaken industry sentiment and may put pressure on stock prices. If the past valuation is as low as 24 times...

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2021-08-17
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Among them, value-added services/advertising/other revenue is expected to increase by 11%/21%/32% year-on-year. It is believed that the slowdown of game growth and the decline of profit margin have been fully expected by the market. At present, worries focus on the uncertainty of supervision, including preventing minors from indulging in online games, tax rate changes and anti-monopoly. In the short term, regulatory risks weaken industry sentiment and may put pressure on stock prices. If the past valuation is as low as 24 times...</p><p><a href=\"https://www.gelonghui.com/news/detail.html?id=600827\">Web link</a></div></p>","source":"stock_gelonghui","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Bank Ratings | CMB International: Regulatory risks have not been eliminated, Tencent (0700. 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HK) stock price is expected to be at a low level of about HK $402\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-17 16:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>On August 17th, Tencent (0700. HK) will announce its interim results tomorrow. According to the CMB International Development and Research Report, it is estimated that the revenue/profit in the second quarter will increase by 18%/8% year-on-year, which is slightly lower than the market expectation. Among them, value-added services/advertising/other revenue is expected to increase by 11%/21%/32% year-on-year. It is believed that the slowdown of game growth and the decline of profit margin have been fully expected by the market. At present, worries focus on the uncertainty of supervision, including preventing minors from indulging in online games, tax rate changes and anti-monopoly. In the short term, regulatory risks weaken industry sentiment and may put pressure on stock prices. If the past valuation is as low as 24 times...</p><p><a href=\"https://www.gelonghui.com/news/detail.html?id=600827\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/news/detail.html?id=600827\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://www.gelonghui.com/news/detail.html?id=600827","article_id":"2160018277","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/ed7ef7d1b9da30ca68a0ddeac63f4a0e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2160018277","pubTimestamp":1629187491,"sourceInfo":{"source_id":"stock_gelonghui","name":"格隆汇"},"weMediaInfo":null,"summary":"格隆汇8月17日丨腾讯 将于明天公布中期业绩，招银国际发研报称，：估计第二季收入/盈利同比增18%/8%，较市场预期略低2%/1%，其中增值服务/广告/其他收入料同比升11%/21%/32%，相信游戏增长放缓和利润率下跌已被市场充份预期，目前忧虑集中于监管的不明朗，包括防止未成年人沉迷网络游戏、税率改变和反垄断。短期内监管风险令行业气氛疲弱，或将令股价受压。若以过往估值低位24倍预测市盈率推算，腾讯的股价低位料约于402港元。","collect":0,"end_time":0,"defaultTopTitle":"gelonghui.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"translate_title":"Big bank rating, China Merchants Bank International: The regulatory risk has not been removed, and the low share price of Tencent (0700. 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