TENCENT Stock Q2 Outside Analysts' Forecast & Preview 2023

目錄

Part 1: TENCENT Stock Latest News

1. Latest 00700 TENCENT Stock Price, August 31st, 2023

2. TENCENT Stock Performance, August 31st, 2023

    • - Last 7 Days: +2.81%
    • - Last 1 Month: -7.06%
    • - Last 6 Months: -10.21%
    • - Last 1 Year: +7.55%
    • - YTD: -4.91%

        Today, for the current Tencent (stock code: 0700.HK), the business competitiveness analysis is divided into three parts: "social product ecology + game + financial technology", and the business corresponding to its operating income is divided into: (1) social and advertising services; (2) games; (3) fintech business services.
The main source of the company's profit is the value-added service business consisting of games and social networking, and the gross profit contribution accounts for about 60% of the company.

Source:Tencent's financial report is in full swing. What kind of performance will this time around?- 2023/05/15

 

Part 2:TENCENT FY2023 Q2 Earnings Report Recap

1. Key Indicators and Historical Earnings Report

  • - TENCENT FY2023 Q2 EPS was HK$5.79, YOY +14.53%  
    - TENCENT PE Ratio today is 14.92  
    - TENCENT FY2023 Q2 Revenue was HK$161.2B, YOY +2.74%  
    - TENCENT FY2023 Q2 Current Ratio was 1.41, YOY +2.10%  
    - TENCENT FY2023 Q2 ROA was 3.28%, YOY +22.71% 
    - TENCENT FY2023 Q2 ROE was 6.82%, YOY +28.13% 
    - TENCENT FY2023 Q2 Gross Margin was {{dataInfo.F10GrossMarginIndicatorData}

 

 

 

2. TENCENT FY2023 Q2 Financial Analysis Report

  •         Tencent Holdings (0700) announced its Q1 results as of March 31, 2023. The results show:
            Q1 revenue was 149.986 billion yuan (RMB, the same below), an increase of 11% year-on-year;
            Q1 net profit was 25.838 billion yuan, an increase of 10% year-on-year;
            Q1 adjusted net profit was 32.538 billion yuan, an increase of 27% year-on-year.
            In addition, the combined monthly active accounts of WeChat and WeChat were 1.319 billion, an increase of 2% year-on-year; the monthly active accounts of QQ mobile terminals were 597 million, an increase of 6% year-on-year.

Source:Tencent's Q1 revenue was 149.986 billion yuan, an increase of 11% over the previous year - 2023/05/17 

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3. TENCENT FY2023 Q2 Business Data

        Value-added service business
        Q1 revenue increased by 9% year-on-year to RMB 79.3 billion. Game revenue in the international market increased by 25% to RMB 13.2 billion, excluding the impact of exchange rate fluctuations, an increase of 18%, driven by the strong performance of the recently launched "Victory: Nicky" and "Triple Match 3D" and the stability of "VALORANT" driven by growth. Game revenue in the domestic market increased 6% to RMB 35.1 billion due to higher revenues from Honor of Kings, DnF and CrossFire mobile games, as well as incremental revenue from the recently launched Dark Zone Breakout. Social network revenue increased by 6% to RMB 31 billion, mainly driven by in-game virtual item sales and music paid membership services.
       

        Internet advertising business
        Q1 revenue increased by 17% year-on-year to RMB 21 billion, mainly due to the new revenue sources of video accounts, the increase of advertisements in mini programs and the recovery of mobile advertising alliances. Advertising expenditures in most industries increased year-on-year. Thanks to the recovery of consumption in China, advertising expenditures in most industries recorded year-on-year increases. At the same time, the upgraded advertising infrastructure further amplified the benefits
       

        Financial Technology and Corporate Services Business
        Q1 revenue increased by 14% year-on-year to RMB 48.7 billion. Compared with the fourth quarter of 2022, the year-on-year growth of financial technology services accelerated, mainly due to the recovery of commercial payment activities brought about by the rebound of consumption in China. During the period, the revenue of the enterprise service business turned positive year-on-year. This was due to the increase in sales of some cloud services and the first income from technical service fees related to live streaming transactions of video accounts.

Source:Tencent's Q1 revenue was 149.986 billion yuan, an increase of 11% over the previous year - 2023/05/17

 

 

Part 3:TENCENT FY2023 Q3 Earnings Report Forcast & Preview

 

1. TENCENT FY2023 Q3 Forecast By Third Party Analyst Rating,  August 31st

After a thorough analysis of TENCENT's revenue, stock trends and financial data from the past few quarters, conducted by over 32 third-party financial analysts, 00700 Stock is rated as -- with a forecasted stock price of HK$445.223 (Average) for the next 12 months.32

 

- Target Price: HK$445.223

- Forecast of FY2023 Q3 EPS: HK$3.921

- Forecast of FY2023 Q3 Revenue: HK$168.8B

- Forecast of FY2023 Q3 EBIT: HK$48.7B

 

2. TENCENT Forecast By Technical Analysis, August 31st, 2023

- The KDJ is currently at k:58.475 D:45.745 J:83.934 , indicating a neutral signal.
- The OSC is currently at OSC:-71.000 , indicating a bullish signal.
- The BIAS is currently at BIAS1:0.993 BIAS2:1.330 BIAS3:-1.154 , indicating a neutral signal.
- The RSI(12) is currently at RSI12:49.064, indicating a neutral signal.
- The RSI(24) is currently at RSI24:47.815, indicating a neutral signal.
- The MACD is currently at DIF:-3.546 DEA:-3.843 MACD:0.592 , indicating a bullish signal.
- The MA is currently at MA5:325.880 MA10:323.460 MA20:329.710 MA30:334.213 MA60:336.883 , indicating a neutral signal.

- The BOLL is currently at MID:329.710 UPPER:344.765 LOWER:314.655 , indicating a neutral signal.

 

 

 

Part 4:How to buy TENCENT stock in Hong Kong

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    2. Funds deposited Fill in personal and financial details and deposit via bank transfer, ATM card or using Apple/Google Pay. (Deposit)
    3. Search TENCENT to find the TENCENT stock by name or ticker symbol, then do your research to make sure it aligns with your investment objectives.

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