Tencent: 1Q19 Bear Necessities
Tencent Holdings (700 HK)Â released its 1Q19 results after market close which beat or missed consensus depending on your chosen financial metric. We...
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Tencent (700 HK): Key Game Actually Approved, WeChat Pay Grew Strongly, 27% Upside
Players find that the approved new game, Game for Peace, is almost the same as the unapproved popular game PUBG. Therefore, we believe game...
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Tencent Music (TME): Paying User Growth Tumbled in Both Business Lines, 32% Downside
The paying user growth in Social Entertainment Services declined significantly to 13% YOY in 1Q19 versus 23% YOY in 4Q18 (Exhibit 3). The music...
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Nexon Sale: Bidding Delay Clarifications
This post is a summary and clarification of what have been reported, said and market speculated (mainly locally) today with regard to Nexon bidding...
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Nexon M&A: Another Delay & The Endgame?
It was reported on May 14th that Nexon has officially delayed the bidding process for the controlling interest in the company which was originally...
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