TENCENT (00700.HK) +7.200 (+1.941%) Short selling $845.93M; Ratio 10.947% will release its 1Q24 results next Tuesday (14th).
Driven by high gross profit growth, TENCENT's 1Q24 non-IFRS net profit is expected to be between RMB39.3 billion to RMB44.6 billion as forecasted by 17 brokers summarized by our reporters, up 20.8-37.1% YoY from the RMB32.538 billion in 1Q23. The median was RMB43.134 billion, up 32.6% YoY.
Investors will be concerned about the latest business strategy (including whether online game revenue can return to positive growth, new online game launch and gross profit margin) and shareholders' return guidance from TENCENT's management.
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Broker│1Q24 Non-IFRS Net Profit (RMB)│YoY Change
Huatai Securities│44.6 billion│+37.1%
UBS│44.379 billion│+36.4%
Orient Securities│44.195 billion│+35.8%
Citi│44.063 billion│+35.4%
Sealand Securities│44 billion│+35.2%
Guosheng Securities│43.6 billion│+34%
Guosen Securities│43.4 billion│+33.4%
Nomura│43.323 billion│+33.1%
BOCOMI│43.134 billion│+32.6%
CMBI│43.1 billion│+32.5%
CLSA │43.038 billion │+32.3%
BOCI│42.985 billion│+32.1%
Haitong International│42.925 billion│+31.9%
TF Securities│41.8 billion│+28.5%
Morgan Stanley│40.736 billion│+25.2%
Jefferies│40 billion│+22.9%
GF Securities│39.3 billion│+20.8%
Based on TENCENT's 1Q23 non-IFRS net profit of RMB32.538 billion
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-13 16:25.)
