Tencent (700) Earnings: Q2 Net Income Surpasses Estimates at 47.63 Billion Yuan

Tencent on Smartkarma

Analysts on Smartkarma have been closely watching Tencent, a leading company set to release its 2Q FY24 results. Charlotte van Tiddens, CFA, anticipates the report with a bullish sentiment, highlighting Tencent‘s performance relative to peers and upcoming index changes by MSC. On the other hand, Ming Lu provides insights on Tencent‘s growth prospects, expecting a 9% YoY revenue increase and improved operating margins for 2Q24.

Meanwhile, analyst Travis Lundy notes strong buying trends for Tencent, with consecutive weeks of net buying by SOUTHBOUND flows. Lundy points out the consistent bullish sentiment towards Tencent, with the company being a top net buy for several weeks. These analyses showcase optimism and positive outlook towards Tencent‘s financial performance and market position.

A look at Tencent Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Tencent‘s long-term outlook appears positive with high scores in key areas. With a momentum score of 5, indicating strong market performance, Tencent seems to be gaining significant traction. The company’s resilience score of 4 further underscores its ability to weather challenges, reflecting a stable foundation. While the value score is moderate at 2, the growth and dividend scores of 3 each suggest steady progress and potential for returns to investors.

Tencent Holdings Limited, an investment holding company, operates globally, providing a range of Internet and mobile services. Its strong momentum score coupled with solid resilience bodes well for its future prospects. Investors may find Tencent appealing for its consistent growth and dividend potential, despite a relatively modest value score. Overall, Tencent‘s Smartkarma Smart Scores paint a picture of a company with promising long-term prospects in the evolving digital landscape.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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