GO
| HSI1 | 25,668.03 | 0.00 | -- |
| HSCEI1 | 8,531.58 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-08-06 11:04:48 CLSA published a report predicting TENCENT (00700.HK)'s total revenue and adjusted EBIT for 2Q to mount 9.7% YoY and 9.1% YoY to RMB202 billion and RMB75.6 billion respectively, with margins remaining relatively stable. Driven by new games including Delta Force, VALORANT Mobile and Roco Kingdom: World, online gaming was expected to resume double-digit YoY growth of 10%, although legacy games slowed. CLSA predicted domestic gaming revenue to resume double-digit growth in 2Q, up 10% YoY to RMB44.4 billion, backed by the strong performance of Delta Force and new games VALORANT Mobile and Roco Kingdom: World. Domestic gaming revenue will also benefit from deferred revenue generated during the solid Lunar New Year performance in 1Q26. However, multiple evergreen games saw a notable slowdown in 2Q. International gaming revenue for 2Q was forecast to grow 9.8% YoY to RMB20.6 billion. The broker forecast fintech and business services revenue in 2Q to lift 9% YoY to RMB60.6 billion, on accelerating growth in cloud services and enterprise SaaS, partly offset by slower growth in payment services. CLSA maintained its High Conviction Outperform rating on TENCENT with an unchanged TP of HKD740. ~ AASTOCKS Financial News Website: www.aastocks.com | |