20 Mar

Tencent’s Q4 Earnings: Analysts’ Expectations

WRITTEN BY Mohit Oberoi, CFA

Tencent

Tencent (TCEHY) is expected to release its fourth-quarter earnings on March 21. Analysts polled by Thomson Reuters expect the company’s revenues to rise 2.1% sequentially to 82.2 billion renminbi. However, the company’s EPS is expected to fall to 1.72 renminbi in the fourth quarter from 2.44 renminbi in the third quarter.

Tencent’s Q4 Earnings: Analysts’ Expectations

Tencent was hit by China’s ban on new video games last year. In the US market, gaming stocks like Take-Two Interactive Software (TTWO) and Activision Blizzard (ATVI) have fallen this year amid growth concerns. However, Apex Legends’ success has lifted Electronic Arts (EA).

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25 Jun

Hang Seng and Nikkei 225 Lose amid Trade Worries

WRITTEN BY Mayur Sontakke, CFA, FRM

After rising marginally yesterday, Hong Kong’s Hang Seng Index fell today. The index lost 1.15% to end at 28,185.98. Only seven stocks in the index rose, while 39 declined. Four remained unchanged. Tencent Holdings (TCEHY) was one of the worst performers with a 1.8% fall.

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