Tianfeng Securities' Kong on Tencent Earnings Preview

Karen discusses Tencent's growth expectations, focusing on new game releases and advertising as key drivers. She compares Tencent's margins with Alibaba's and highlights the impact of regulatory changes and AI on tech companies. Karen concludes with an optimistic outlook on Tencent's stock price.

What is the expected growth driver for Tencent in the first quarter of 2023?

• Expansion into new markets

• Increased advertising

• New games

• New mobile applications

What is the anticipated annual growth rate for Tencent's net profit in 2023?

• 5 to 10%

• 10 to 15%

• 15 to 20%

• 20 to 25%

Which factors are expected to drive Tencent's annual revenue growth?

• Increased hardware sales

• New game releases and advertising

• Expansion into the European market

• Partnerships with other tech companies

What is the focus of Tencent's gaming pipeline for the second half of the year?

• Two large scale PC games and two mobile games

• Sports simulation games

• Educational games

• Virtual reality games

How does Karen expect Tencent's profit margins to change in the second quarter of 2023?

• Improve due to recovery operating leverage

• Fluctuate unpredictably

• Decrease due to increased competition

• Remain stable

What has been a significant issue for tech companies in China in recent years?

• High employee turnover

• Decreasing user base

• Lack of innovation

• Regulatory tightening

What is Karen's outlook on Tencent's stock price?

• Uncertain due to external factors

• Optimistic with expected rise

• Neutral with no expected changes

• Pessimistic due to market conditions