shunyan
2022-03-23

If you look into the 4Q results only, online ads revenue fell 13% yoy, worse than market expectations of -5% yoy. Opex is also worse than expected. 4Q results is disasterous. Prosus (Tencent proxy) is already down 5%. Tmr 700 HK is going to fall too, outlook for Tencent looks very challenging compared to other tech names...

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Comments

  • cheezzy
    2022-03-23
    cheezzy
    是的,我也认为腾讯控股这次表现低于预期。
    • cheezzyReplyshunyan
      是的,现在是采取一些步骤改善目前状况的时候了。
    • shunyan
      很糟糕...考虑到百度、微博、PDD、京东,所有这些科技名称实际上都取得了比预期更好的成绩。真的很想知道发生了腾讯控股看到如此糟糕的yoy下降
  • glimmzy
    2022-03-23
    glimmzy
    Are you bullish on Tencent's move behind you?
    • shunyan
      After this result, I will rather be in other tech names like JD.com, Baidu. I fear Tencent is facing same headwind as BABA. Have to see what mgmt guidance is for 2022 after conference call
  • shunyan
    2022-03-23
    shunyan
    earnings beat is also due to JD.com disposal gains, not cause of operations. Adjusting for this their net profit fell...
  • shunyan
    2022-03-23
    shunyan
    just want to caution this news did not highlight how bad 4Q results were, which is the key to look at. Pls look up more
  • Hilliton324
    2022-03-24
    Hilliton324
    The situation of enterprises is in trouble, and advertising expenditure will be greatly reduced.
  • Maxsoh49
    2022-03-24
    Maxsoh49
    Thanks for your sharing 👍
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