π₯Stock Prediction: How will Tencent close Thursday 18/8 following their earnings?
Click to vote. Can you predict where $TENCENT(00700)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$TENCENT(00700)$ announced that it will release its Q2, 2022 earnings report after the closing bell on Wednesday, 17 August. Lets's guess where Tencent will move following their earnings?β
π‘Highlights of this quarter:
Tencent's recent performance was affected by the slowdown in gaming revenue growth and the decline in advertising income. The latter was severely impacted due to lower advertising income from online education and internet service industries. Moreover, the online advertising industry's regulatory changes further affected advertising revenue.
According to the Bloomberg,Tencent's sequential sales were flat with mixed performances by its major games. Honour of Kings sales rose 2% while Peacekeeper Elite fell 4%. A 2.6x surge for CrossFire was offset by League of Legends E-Sports manager's 51% drop. Tencent's sequential downloads fell 15% dragged by declines for Arena Blackout and League of Legends' E-Sports manager. Downloads of the former fell 20% in its fourth week of operation while the latter sank 82%. Honour of Kings was sequentially 2% lower while Peacekeeper Elite gained 1%.
Tencent Q2 earnings consensus
Wall Street Consensus Estimate for EPS has been2.511 per share over the past 30 days. The consensus mark for revenues is currently pegged at $135.598 billion, indicating 4.8% decline from the year-ago quarterβs reported figure.
π°Activity Details
- Click to vote. Guess where $TENCENT(00700)$ will move following their earnings? If you get correct answers, you can get 20 Tiger Coins.
- Reply and forward this post, share your insights about Tencent's financial reports, we will give 100 Tiger Coins with outstanding comments.
β°Event Time
The deadline for this event is 9:00 on 18 August, SGT
π₯Don't forget to follow@Tiger_Earnings, Tiger's official account for providing key information during earnings seasonπππ$TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$
How will Tencent close Thursday 18/8 following their 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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