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Tencent shares fell less than analysts expected profit of 11%

by http://www.quality-goods.com.au on Mar 17, 2011

As of yesterday, Tencent released December 31 fourth-quarter 2010 earnings, net profit growth to its lowest in three years, and net profit less than analysts expected, affected, Tencent shares dropped 10.98% today to close at 193.20 Hong Kong dollars, down 23.60 Hong Kong dollars.

Tencent announced yesterday ended December 31, 2010 fourth-quarter earnings, reported a fourth-quarter revenue of 5.524 billion yuan, growth of 6%, an increase of 50%. Credit Suisse investment report released later, said that basic earnings per share for the fourth quarter Tencent 1.209 yuan, 4.5% lower than expected, mainly due to higher marketing expenses and taxes due, while Credit Suisse to cut its target price from HK 246 to 242.1 million.

Goldman Sachs investment report released, Tencent non-game Internet value-added chain revenues increased 2% weaker, which may be affected by Tencent with the odd tiger 360 disputes between the drag. Goldman Sachs said that although...Read More >>



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