Tencent Delivered Strong Growth in Each Key Business Line; Increase FVE to HKD 344 (USD 44)
Tencent Holdings Ltd (700 HK) delivered another strong result in the second quarter, which reinforced our view of the company as one of the...
226 Views
Tencent 2Q17 Earnings: Advertising & Payments Take Center Stage as Firm Shows Strength Beyond Gaming
What You Need to Know Both revenue and earnings beat estimates. Revenue was 59% higher YoY at RMB 56.6bn, while adjusted net income grew 45% YoY...
220 Views
Baidu Beats Expectations in 2Q17 but Too Early to Cheer. We Remain at Neutral.
Whilst positive sentiment built up after the company’s impressive AI developers’ conference, we remain cautious on near to mid-term monetization at...
281 Views
Indonesia Retail - The War of the Worlds (Part 2) Payment Wars - On the Ground in J -Town
In the second of our War of the Worlds series, I report back after a conversation with management from Elang Mahkota Teknologi Tbk (EMTK IJ), one...
279 Views
Thinking Through Baidu's Q2
Baidu's good Q2 results signal a climb towards a 45%+ upside, but risks remainBaidu had a good Q2 - it beat earnings expectations by 56%, and grew...
414 Views