If you look into the 4Q results only, online ads revenue fell 13% yoy, worse than market expectations of -5% yoy. Opex is also worse than expected. 4Q results is disasterous. Prosus (Tencent proxy) is already down 5%. Tmr 700 HK is going to fall too, outlook for Tencent looks very challenging compared to other tech names...
Tencent‘s Revenue Increased by 16% to RMB560.1 Billion in 2021,while Its Profit Increased by 41% to RMB224.8 Billion
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- cheezzy·2022-03-23Yes, I also think Tencent underperformed expectations this time around.1Report
- glimmzy·2022-03-23Are you bullish on Tencent's move behind you?1Report
- shunyan·2022-03-23earnings beat is also due to JD.com disposal gains, not cause of operations. Adjusting for this their net profit fell...LikeReport
- shunyan·2022-03-23just want to caution this news did not highlight how bad 4Q results were, which is the key to look at. Pls look up moreLikeReport
- Hilliton324·2022-03-24The situation of enterprises is in trouble, and advertising expenditure will be greatly reduced.LikeReport
- Maxsoh49·2022-03-24Thanks for your sharing 👍LikeReport