$TENCENT (00700.HK)$ Will announce third-quarter performance next month. Many securities institutions have released forecast reports on tencent's future performance, some of which are optimistic.

Guosen Securities predicts in its research report that tencent will achieve revenue of 168.4 billion yuan in the third quarter of 2024, a year-on-year increase of 9%. This growth is mainly driven by the steady growth of online advertising and the accelerating growth of the gaming business. Despite the impact of the macroeconomic environment on financial technology business, the strong performance of the gaming business is expected to be the main driver of revenue growth.

Swhy expects tencent to achieve revenue of 165.8 billion yuan in the third quarter of 2024, a year-on-year increase of 7%; adjusted net profit attributable to shareholders is 53.5 billion yuan, a year-on-year increase of 19%. The institution particularly emphasizes the accelerated growth of the gaming business, expecting a 12% year-on-year increase in online gaming revenue, with double-digit growth in both domestic and international markets.

Swhy also mentioned tencent's long-term space in globalizing games, expecting tencent's game long-term space to reach 47 billion US dollars by building a new game pyramid system, corresponding to a compound annual growth rate of 10% for 5-10 years.

Huachuang Securities' forecast is even more optimistic, expecting tencent to achieve revenue of 167.2 billion yuan in the third quarter of 2024, an 8% year-on-year increase. In terms of operating profit and net profit, Huachuang Securities expects to achieve 61 billion yuan and 54.6 billion yuan respectively, with year-on-year increases of 18% and 22%.

Huachuang Securities specifically points out that the divergence between operating profit and net profit growth is mainly due to the expected narrowing of profits from associated enterprises. In terms of the gaming business, Huachuang Securities expects the third quarter online gaming business revenue to reach 52.3 billion yuan, a 13% year-on-year increase, with steady growth in both domestic and international markets.

CITIC Securities predicts tencent's third-quarter revenue to be 167.5 billion yuan, an 8.3% year-on-year increase, achieving a 53 billion yuan Non-IFRS net profit, an 18.0% year-on-year increase. CITIC Securities believes that with the rapid development of high gross margin businesses such as video accounts, mini-games, search advertising, and the multiplier effect brought by ai, tencent will continue its high-quality growth model and maintain a "buy" rating.

Taking into account the views of various institutions, it can be seen that the market is optimistic about tencent's performance in the third quarter. The strong performance of the gaming business, steady growth in online advertising, and gradual recovery of the fintech business will all be important factors driving the company's revenue and profit growth.

Editor / jayden