券商│投資評級│目標價(港元)Tencent (00700.HK) will report results for the third quarter ended September next Wednesday. The regulation of online education and open-screen advertising in the mainland has put pressure on the growth of corporate advertising and maintained steady growth driven by its main products such as "Arena of Valor" and "Game for Peace". However, this season, the laws and regulations on underage civil air defense addiction in the mainland have been further improved. as a result, the launch of the core new games has been delayed, and our website forecasts that 21 brokerages Tencent's net profit in the third quarter of 2021 ranges from 27.434 billion to 36.073 billion yuan, down 15.1 percent to 11.7 percent compared with 32.303 billion yuan in the same period in 2020. The median was 32.535 billion yuan, up 0.7 per cent year-on-year.
Based on the forecasts of 13 brokerages, Tencent's net profit for the third quarter of 2021 is expected to be between 23.9 billion and 38.689 billion yuan, down 37.9 per cent to 0.4 per cent year-on-year compared with 38.542 billion yuan in the same period in 2020; the median is 29.264 billion yuan, down 24.1 per cent year-on-year. Investors will pay attention to the impact of the company's management on the latest guidelines on online gaming and advertising, the latest response arrangements under regulatory policies (online gaming, data security and antitrust), as well as the pace of economic recovery in the mainland.
The following table lists the investment ratings and target prices of Tencent by 27 securities firms:
Target price of "investment rating" of securities firms (Hong Kong dollars)
Shen Wanhong Yuan "buys" 779 yuan
BNP Paribas "buy" 778 yuan
BoCom International "buy" 774 yuan
Goldman Sachs Group buys ("make sure to buy" list) for 748 yuan.
China Merchants International "buy" 729 yuan
Kaiji Securities "increased its holdings" by 700 yuan.
DBS "buy" 689 yuan
Citigroup "bought" 673 yuan
Jeffery "bought" 671 yuan
Huachuang Securities "recommended" 656 yuan
HSBC Global Research "Buy" 655 yuan
Bank of America Securities "buy" 651 yuan
Morgan Stanley "increased his holdings" by 650 yuan.
Deutsche Bank bought 650 yuan.
Daiwa "buy" 650 yuan
Guotai Junan Securities "buy" 650 yuan
Credit Suisse "outperforms the market" 640 yuan
China Merchants Bank International "buy" 640 yuan
UBS "buy" 630 yuan
JPMorgan Chase & Co "increased his holdings" by 630 yuan.
Societe Generale Securities "buy" 630 yuan
Nomura "buy" 621 yuan
CITIC "bought" 613 yuan
CICC "neutral" 610 yuan
Dahua continued to buy 588 yuan.
ICBC International "outperformed the market" 580 yuan
Jianyin International "outperforms the market" 568 yuan
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