Tencent releases its third-quarter results on Wednesday, but earnings are likely to remain flat, according to analysts’ estimates. Photo: Bloomberg
Tencent releases its third-quarter results on Wednesday, but earnings are likely to remain flat, according to analysts’ estimates. Photo: Bloomberg

Another Tencent bear emerges as competition clouds earnings while regulatory concerns are still playing out

  • Yang at Blue Lotus Capital becomes the second bear on Tencent since Muhl at DZ Bank downgraded the stock to a sell in August
  • Analysts have trimmed their price targets for Tencent shares by 21 per cent over the past six months, as company readies its third-quarter report

Topic |   Hang Seng Index
Tencent releases its third-quarter results on Wednesday, but earnings are likely to remain flat, according to analysts’ estimates. Photo: Bloomberg
Tencent releases its third-quarter results on Wednesday, but earnings are likely to remain flat, according to analysts’ estimates. Photo: Bloomberg
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