🔥Stock Prediction: How will TENCENT close on 23/3 following it's earnings?
Click to vote. Can you predict where $TENCENT(00700)$ will move following their earnings? If you get the right answers, You may divide 1000 Tiger Coins with other Tigers. In addition, you have the chance of winning Tiger Gifts
$TENCENT(00700)$ will report earnings after market close on Wednesday, 22 March 2023. Lets's guess where TENCENT will move following their earnings? To set a reminder, please click here
💡Highlights of this quarter:
Tencent Holdings Ltd.is likely to regain some of its swagger, with rising revenue and Ebitda over the intermediate term, as regulatory risk and pandemic concerns in China begin to fade, according to Bloomberg Intelligence. After a two-year industry crackdown, Tencent hassecureda green-light for clutch of major game titles and isplanningto launch an esports league.
✅ Q4 earnings consensus
Fourth-quarter revenue is expected to rise 0.2% from a year earlier, according to Bloomberg Consensus estimates. The management is expected todelivera cautiously upbeat outlook statement with improving fintech and advertising businesses and theresumptionof gaming approvals, Bloomberg Intelligence analysts Robert Lea and Tiffany Tam wrote in a note.
While analysts expect that Tencent’s video accounts are a key earnings growth driver for the this two to three years, Chinese media regulators arestudyingmeasures to curb addiction among youths to short videos. Still, investors are looking for Tencent’s potential divestment of its equity portfolio after the Chinese behemoth distributedthe majority of its shares in meal delivery giant Meituan to investors last year.
💰Activity Details
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⏰Event Time
The deadline for this event is 21:00 on 22nd March 2023
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How will TENCENT close on 23/3 following it's earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Tencent's net income has increased by 433 CNY compared to a year ago.
"Tencent Holdings Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CNY 140,093 million compared to CNY 142,368 million a year ago. Net income was CNY 39,943 million compared to CNY 39,510 million a year ago."
目前公司主要业务有我们所熟悉的QQ、微信、腾讯视频、游戏平台、门户网站、互联网金融和互联网及移动增值服务以及网络广告服务等等。
腾讯的竞争力应该是有目共睹的，我们几乎每天都会接触到腾讯的产品，比如微信聊天与支付，比如腾讯视频和腾讯的游戏等等。
结合目前的基本面与估值，我个人认为目前是一个好的入场时机！我预测23/3/23的收盘价位344。