Tencent's Business-Mix Changes Boost Resilience -- Market Talk

Dow Jones2023-11-20

0636 GMT - Tencent is making business-mix changes that S&P Global Ratings says boost its diversity and operating resilience. Profitable new services like video accounts and Weixin search were key drivers of the China-based internet company's online ad revenue in 3Q, which rose 20% on year, outpacing the industry average, S&P analysts say in a note. They expect segment momentum to persist, rising 22% in 2023 and 20% in 2024. Other services like mini games also helped revenue and margins, and S&P sees scope for more monetization as these services draw on Weixin's large user base. S&P tips 2023-2024 revenue growth at 11% and 10%, respectively. Tencent may also adopt a more shareholder-friendly policy than previously thought, S&P says, putting its potential spend on dividends and buybacks in 2023 at CNY70 billion. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

November 20, 2023 01:36 ET (06:36 GMT)

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Other services like mini games also helped revenue and margins, and S&amp;P sees scope for more monetization as these services draw on Weixin's large user base. S&amp;P tips 2023-2024 revenue growth at 11% and 10%, respectively. Tencent may also adopt a more shareholder-friendly policy than previously thought, S&amp;P says, putting its potential spend on dividends and buybacks in 2023 at CNY70 billion. 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Profitable new services like video accounts and Weixin search were key ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0229945570.USD","symbol_name":"TEMPLETON BRIC \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2384582993","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2384582993","pubTimestamp":1700462160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2023 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","BK1095":"互动媒体与服务","BK1586":"云计算","00700":"腾讯控股","LU0048580855.USD":"富达大中华区A","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","BK1609":"ChatGPT概念","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0228659784.USD":"施罗德金砖四国基金","LU0080751232.USD":"富达环球多元动力基金A","LU0320764243.SGD":"FTIF - Templeton Emerging Markets A Acc SGD","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0048597586.USD":"富达亚洲焦点A","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","BK1502":"双十一","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK1531":"手游股","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU0173614495.USD":"富达中国焦点A","BK1516":"腾讯概念","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","LU0051755006.USD":"摩根大通中国A (dist)","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","BK1526":"科网股","LU0181495838.USD":"施罗德新兴亚洲A Acc","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0052750758.USD":"富兰克林中国基金A Acc","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","BK1610":"ETF&股票定投概念","LU0359201612.USD":"贝莱德中国基金A2"},"translate_title":"腾讯控股企业组合变化提升弹性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"00700":1},"content_text":"0636 GMT - Tencent is making business-mix changes that S&P Global Ratings says boost its diversity and operating resilience. 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