Tencent (700 HK) – Real Operating Margin Actually Fell
Tencent announced that the operating margin improved 1 percentage point in 2018 versus 2017, but we believe the operating margin declined for two...
251 Views
IQIYI IPO: Tencent Video's Metrics Point to a Stronger Business
Comparing iQIYI Inc (IQ US) to its key competitors, Tencent Video and Youku, is a challenge due to lack of financial disclosure from competitors....
434 Views
Tencent 4Q17 Earnings: Is Growth Beginning to Plateau? Stock Falls 3%
What You Need to Know Revenue misses but earnings beat. Revenue grew 51.4% YoY to RMB66.4bn while adjusted diluted EPS grew 40.8% to...
169 Views
Tencent Placement - Huge Deal in Size, Small in Relative Terms - Succumbing to the HoldCo Discount
Naspers Ltd (NPN SJ) plans to sell US$10bn worth of Tencent Holdings Ltd (700 HK) shares, to reduce its shareholding from 33.17% to 31.17%. The...
589 Views
Tencent and Ping An Levels and Adjustments
How Tencent and Ping An trade will dictate the direction of HSI. We run through our base case for both counters and meaningful top points and...
211 Views