Tencent's Gaming Revenue May Turn Around in 2Q -- Market Talk

Dow Jones04-23

0321 GMT - Tencent's gaming revenue will likely turn around in 2Q on the back of game title "Dungeon & Fighter Mobile" and a few other franchises, Jefferies analysts say in a research note. The analysts expect DnF Mobile, which is to be released on May 21, to reach annual grossing of about CNY6 billion. Tencent remains a top pick for Jefferies on its positive gaming revenue outlook, its diversified business model and margin expansion story. Jefferies maintains a buy rating on Tencent and keeps its target unchanged at HK$453.00. Shares last at HK$328.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

April 22, 2024 23:21 ET (03:21 GMT)

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The ...</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":"TCEHY","symbol_name":"腾讯控股ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429118136","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429118136","pubTimestamp":1713842460,"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":"0321 GMT - Tencent's gaming revenue will likely turn around in 2Q on the back of game title \"Dungeon & Fighter Mobile\" and a few other franchises, Jefferies analysts say in a research note. 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