Tencent's 4Q Games Business Likely Stayed Resilient -- Market Talk

Dow Jones

Jan 20, 2025

0906 GMT - Tencent's games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from "Delta Force" and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from "Supercell." HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

January 20, 2025 04:06 ET (09:06 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2504479831"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2504479831\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2504479831?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-20 17:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2504479831","market":"fut","top_or_hot":-1,"title":"Tencent's 4Q Games Business Likely Stayed Resilient -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0906 GMT - Tencent's games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from \"Delta Force\" and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from \"Supercell.\" HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 04:06 ET (09:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent's 4Q Games Business Likely Stayed Resilient -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent's 4Q Games Business Likely Stayed Resilient -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-20 17:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0906 GMT - Tencent's games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from \"Delta Force\" and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from \"Supercell.\" HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 04:06 ET (09:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828557.USD","symbol_name":"AZ EQUITY CHINA \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504479831","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504479831","pubTimestamp":1737363960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0906 GMT - Tencent's games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from \"Delta Force\" and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from \"Supercell.\" HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80700":"腾讯控股-R","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","HSBA.UK":"汇丰控股有限公司","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1048484197.HKD":"ALLIANZ CHINA MULTI INCOME PLUS \"AT\" (HKD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0080751232.USD":"富达环球多元动力基金A","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","HSBC":"汇丰","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","BK1586":"云计算","LU1196710195.USD":"SCHRODER ISF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU2251237306.USD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (USD) INC A","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0828237940.HKD":"SCHRODER ISF EMERGING ASIA \"A\" (HKD) ACC","LU0048580855.USD":"富达大中华区A","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","03143":"华夏香港银行股","00700":"腾讯控股","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","HSHD.SI":"HSBC HK SDR 5to1","BK1095":"互动媒体与服务","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU2251237488.HKD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (HKD) INC A","00005":"汇丰控股","TCEHY":"腾讯控股ADR","LU0173614495.USD":"富达中国焦点A","LU1725190679.HKD":"SCHRODER ISF EMERGING MARKETS MULTI-ASSET \"A\" (HKD) INC MF","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU0051755006.USD":"摩根大通中国A (dist)","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","LU1720050803.USD":"安联全方位中国股票基金","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","HTCD.SI":"Tencent HK SDR 10to1","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","BK1517":"云办公","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0048597586.USD":"富达亚洲焦点A","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","SG9999001051.SGD":"United Asia Fund SGD"},"translate_title":"腾讯控股第四季度游戏业务可能保持弹性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80700":0.6,"HTCD.SI":0.6,"HSBA.UK":0.6,"HSHD.SI":0.6,"03143":0.6,"TCEHY":0.9,"HSBC":0.6,"00700":1,"00005":0.9},"content_text":"0906 GMT - Tencent's games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from \"Delta Force\" and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from \"Supercell.\" HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2025 04:06 ET (09:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}