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.
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For further details see:
Tencent FY 2024 Earnings Preview And Long-Term Outlook: Undervaluation And China Rebound