Tencent shares fell less than analys-alife clothin

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SAN afternoon of March 17 news release yesterday dc clothing, Tencent December 31 ended fourth quarter of 2010 earnings, net profit growth to its lowest in three years Bus driver in the car since the paste as flowers greet passengers, And net profit less than analysts expected alife clothing, affected 57 -year-old son of peasant-Supra Cuttler Men Shoe, Tencent shares dropped 10.98% today to close at 193.20 Hong Kong dollars , down 23.60 Hong Kong dollars.

Tencent announced yesterday ended December 31, 2010 fourth-quarter earnings , reported a fourth -quarter revenue of 5.524 billion yuan , growth of 6% , an increase of 50%. Credit Suisse investment report released later , said that basic earnings per share for the fourth quarter Tencent 1.209 yuan , 4.5% lower than expected Fire girls saved t-Cheap Nike Shox 2010 Women Shoe, mainly due to higher marketing expenses and taxes due , while Credit Suisse to cut its target price from HK 246 To 242.1 million.

investment in Goldman Sachs report released , Tencent non- game Internet value-added chain revenues increased 2 % weaker , which may be affected by Tencent with the odd tiger 360 disputes between the drag . Goldman Sachs said that although Tencent management habitually conservative , but with all Sina network of micro- Bo and the rise of the core platform, Tencent first time in years is still under threat . Lower fourth quarter of 2010 gross profit margin that Tencent will face fiscal 2011 profit margin pressure.

Korean Mirae Asset Securities Investment Report released today supra skytop, will Tencent price target cut to 230 from 240 Hong Kong dollar alife everybody mid, while Tencent year 2011/2012 operating profit before interest and tax were expected to cut 4% / 7%. Riot Games that the acquisition of future assets will reduce the 2 to 3 percentage points of gross margin decline. ( Irwin )
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