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<Foresight>Brokers Predicts TENCENT's 1Q Adj. NP to Rise 11%; AI Biz Progress & Investment Strategy in Spotlight
Recommend 12 Positive 16 Negative 5 |
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TENCENT (00700.HK) is set to release its 1Q26 results next Wednesday (13th). According to the forecasts from 10 brokers as summarized by our reporters, TENCENT's 1Q26 non-IFRS net profit is expected to grow by 8.9-12.9% YoY to RMB66.787-69.219 billion from RMB61.329 billion in the same period last year. A median of RMB67.798 billion also marks a YoY increase of 10.5%. The market will focus on TENCENT's management commentary regarding progress and investment in AI (which may temporarily pressure operating margin), the competitiveness of the Hunyuan model, the launch of an AI assistant on WeChat (and how WeChat integrates with AI), cloud demand (Tencent Cloud has gradually reduced discounts since February and announced price increases for large-model API services and AI infrastructure in March and April), upcoming new games, as well as trends in the advertising market, ad load updates, and user acceptance of WeChat AI search. Investors will also watch for updates on the company's share buybacks and shareholder returns. Broker│1Q26 Non-IFRS NP Forecast (RMB)│YoY Change Nomura│69.219 billion│+12.9% UBS│69.2 billion│+12.8% Morgan Stanley│68.745 billion│+12.1% Huayuan Securities│68.5 billion│+11.7% Daiwa│68.339 billion│+11.4% CICC│67.256 billion│+9.7% Citi│67.221 billion│+9.6% BOCI│66.894 billion│+9.1% CMBI│66.8 billion│+8.9% Goldman Sachs│66.787 billion│+8.9% Calculated based on TENCENT's 1Q25 non-IFRS net profit of RMB61.329 billion. Auto-translated by AI AASTOCKS Financial News |
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