2017年11月15日 星期三

Tencent needs a solid beat

Tencent (0700) needs to deliver solid earnings beat to justify shares' 11% rise month-to-date, which adds nearly HK$400 billion to its market cap (which in itself is crazy as SHK Properties (0016), Hong Kong's largest property company, has a market cap of HK$365 billion). 

The beat needs not only to be on both top line and bottom line, quality of the beat is equally important.

Here's a summary from AAStocks

Brokers/ non-GAAP 3Q17 net profit forecast (RMB)/ Yearly Change
Morgan Stanley/ 16.746 billion/ +42.7%
Citigroup/ 16.57 billion/ +41.2%
Jefferies/ 16.471 billion/ +40.3%
CICC/ 16.427 billion/ +40.0%
*Based on TENCENT’s 3Q16 non-GAAP net profit of RMB11.737 billion

Brokers/ 3Q17 net profit forecast (RMB)/ Yearly Change
CICC/ 15.405 billion/ +44.7%
Morgan Stanley/ 15.151 billion/ +42.3%
Citigroup/ 14.658 billion/ +37.7%
Jefferies/ 14.183 billion/ +33.2%
*Based on TENCENT’s 3Q16 net profit of RMB10.646 billion

Brokers/ 3Q17 revenue forecast (RMB)/ Yearly Change
Jefferies/ 62.437 billion/ +54.6%
CICC/ 61.652 billion/ +52.6%
Morgan Stanley/ 61.326 billion/ +51.8%
Citigroup/ 59.024 billion/ +46.1%
*Based on TENCENT’s 3Q16 revenue of RMB40.388 billion

Tencent shares are up 104.5% year to date, trading at 79 times historic earnings.

3 則留言:

  1. 農銀調升1918目標價由9.7元升至42.2元,評級由賣出升至買入。

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    1. no disrespect but abci won't have any market impact.

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  2. 今天走了吉利 融創 拉均有賺 多謝嘉毓!現在都是先增加現金 遲D再戰!

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你巧勁啊

問題並不在於原意、初心是不是好,也不在於某一具體條款對行業內不同公司的影響,而是對於A4治國的擔憂甚或恐懼。 不能自己是個錘子,看到什麼都是釘子。經濟都什麼樣了,還要監管這個規範那個。更要命的是,整頓監管思路太直接太幼稚。哦,把房價弄下來,把教培打掉,然後也不讓玩遊戲,那麼大家都...