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<Research>Haitong Int'l Expects TENCENT 3Q Gaming & Fintech Biz GPM to Remain Flat QoQ
Recommend 10 Positive 12 Negative 7 |
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Haitong International has released a report predicting TENCENT (00700.HK)'s 3Q25 revenue/ non-IFRS operating profit to rise by 14%/ 19% YoY to RMB190 billion/ RMB 73 billion. The broker has reduced its 3Q25 GPM forecasts for TENCENT's gaming and fintech and enterprise services to remaining flat QoQ, a decision based on the game "Delta Force" potentially having a lower GPM due to copyright sharing and improvements in its non-payment fintech business and e-commerce expenses being offset by a revenue mix shift towards cloud services. TENCENT's rating was kept as Outperform, with a target price of HKD700. AAStocks Financial News |
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