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
    Yes, I also think Tencent underperformed expectations this time around.
    • cheezzyReplyshunyan
      Yes, it is time to take some steps to improve the current situation.
    • shunyan
      it's pretty bad... considering Baidu Weibo PDD JD.com all these tech names actually had in-line or better than expected results. Really wondering wth happened to Tencent to see such bad yoy decline
  • glimmzy
    2022-03-23
    glimmzy
    你看好腾讯控股在你身后的举动吗?
    • shunyan
      在这个结果之后,我更愿意加入其他科技公司,比如京东、百度。我担心腾讯控股正面临着和爸爸一样的逆风。我得看看会议后2022年的mgmt指南是什么呼叫
  • 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
    企业情况陷入困境,广告支出将大幅减少。
  • Maxsoh49
    2022-03-24
    Maxsoh49
    Thanks for your sharing 👍
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