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Tencent Holdings Ltd (0700)
16-11-2017, 04:05 PM,
Post: #71
RE: Tencent Holdings Ltd (0700)
Tencent's Touch Doesn't Guarantee IPO Riches for Investors

By Crystal Tse
November 16, 2017, 3:32 PM GMT+8

Investors are learning that the backing of Tencent Holdings Ltd. isn’t a guarantee of IPO riches.

Stock buyers piled into the initial public offering of the Chinese technology titan’s e-book arm China Literature Ltd., hoping it would repeat Tencent’s 500-fold increase since its own listing. While they’ve been quickly rewarded since China Literature’s debut last week, with shares rising 83 percent through mid-day Thursday, some other Tencent-backed companies that recently went public in the U.S. are far from thriving.

Shares of Sogou Inc., China’s No. 3 search engine, closed below their offer price Wednesday after three straight days of declines. The company, whose biggest shareholder is Tencent, is now down 2.4 percent since its debut in New York last week. Sea Ltd., a Tencent-backed online gaming portal, has fallen 1.9 percent in U.S. trading since its October listing.

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16-11-2017, 06:19 PM,
Post: #72
RE: Tencent Holdings Ltd (0700)

Tencent’s profit surges 69% thanks to its thriving games business

Quote:Tencent, Asia’s highest-valued technology company, has smashed analyst forecasts for its Q3 2017 after it posted a profit of 18 billion RMB ($2.7 billion) on revenue of 65.2 billion RMB ($9.8 billion).

That blew past expectations of 15.7 billion yuan and 61 billion yuan, according to analysts polled by S&P Global Market Intelligence, thanks to its high-performing mobile and PC gaming businesses.

Overall profit was up 69 percent year-on-year and revenue rose by 61 percent thanks to Tencent’s games business, which includes both PC and smartphone.

The older PC unit grew 27 percent to reach sales of 14.6 billion RMB ($2.2 billion), while its
mobile cousin hit 18.2 billion RMB ($2.75 billion) thanks to 84 percent growth. Honour of Kings, the world’s most lucrative mobile app this year, was a stellar contributor, while the firm also owns League Of Legends for PC. Tencent paid tribute to the app, and a handful of others, for the growth but it didn’t break out each title’s sales.

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16-11-2017, 06:26 PM,
Post: #73
RE: Tencent Holdings Ltd (0700)
(16-11-2017, 04:05 PM)cyclone Wrote: Tencent's Touch Doesn't Guarantee IPO Riches for Investors

Invest in Tencent directly is always my preferred choice. Even when compared to investing in holding company like Naspers:


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