Tencent Focuses on Content and Technology for 2018. Stocks Continues to Move Higher.
At its recent 7th Global Partners Conference, Tencent (700 HK) highlighted an open platform strategy centered around content and Artificial...
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Tencent 3Q17: Results Beat Estimates on Soaring Topline; '3x10 Billion' Initiative Launched
What You Need to Know Results beat estimates. Revenue jumped 61% YoY to RMB 65.2bn, while adjusted diluted EPS grew 45% YoY to RMB 1.79. Revenue...
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Tencent's FVE Raised by 45% to HKD 492 (USD 63) After Coverage Transfer; Shares Undervalued
We have transferred coverage of wide-moat Tencent and have raised our fair value estimate to HKD 492 per share (USD 63) from HKD 344 per share (USD...
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21 Things Worth Knowing (#16)
In this issue:Flying cars, Zimbabwe coup de Grace, impairments, Brazil making oil investment more attractive, tightening monitoring of Chinese...
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Chinese Telcos Return to Growth Led by Mobile Data Demand. Valuations Have Lagged.
Valuations for the Chinese telcos are close to all-time lows on worries of a price war in mobile data (data prices are falling rapidly). We think...
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