When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TCTZF - Tencent FY 2024 Earnings Preview And Long-Term Outlook: Undervaluation And China Rebound
Tencent Holdings Ltd.
2024-03-12 08:16:03 ET
Summary
Tencent faces difficulties from the slowdown in the Chinese economy, but expects promising full-year fiscal 2023 results.
The company is focusing on "Immersive Convergence" and the advancement of critical technologies to deepen the synthesis of the digital economy with the real world.
Q4 earnings are expected to show growth driven by gaming, advertising sales, and fintech services.
I consider the shares significantly undervalued, and I expect high long-term returns. Therefore, my analyst rating is a Buy.