Tencent Likely to Deliver Higher Revenue, Adjusted Profit in 3Q -- Market Talk

Dow Jones10-11

0341 GMT - Tencent is likely to deliver higher revenue and adjusted profit in 3Q, according to Citi analysts in a research note. Citi expects result likely to be "relatively in-line" with consensus expectation with possible upside in gaming revenues offset by soft fintech business services and online advertisement revenues. The focus on the conference call will be management's commentary on macro as reflected on its payment transaction activities and sentiment among advertisers, flagship games performance and new games pipeline, the analysts say. Citi keeps a buy rating and raises its target price to HK$573.00 from HK$535.00 on higher profit. Shares were last traded at HK$438.00. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

October 10, 2024 23:41 ET (03:41 GMT)

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The focus on the conference call will be management's commentary on macro as reflected on its payment transaction activities and sentiment among advertisers, flagship games performance and new games pipeline, the analysts say. Citi keeps a buy rating and raises its target price to HK$573.00 from HK$535.00 on higher profit. Shares were last traded at HK$438.00. 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Citi expects result likely to be \"relatively in-line\" with consensus ...</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":"2474203835","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474203835","pubTimestamp":1728618060,"columns":[],"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":"0341 GMT - Tencent is likely to deliver higher revenue and adjusted profit in 3Q, according to Citi analysts in a research note. 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Shares were last traded at HK$438.00. 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