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Stock impact report

Tencent's $160 Billion Rally Faces Key Earnings Test [BNN Bloomberg (Canada)]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: BNN Bloomberg
October, the next leg of which will hinge on a crucial earnings release this week. Shares of the gaming and social media leader are on track to outperform the Hang Seng Tech Index by the most since the gauge was introduced in mid-2020, gaining 5.5% this quarter even as Alibaba Group Holding Ltd. and JD.com Inc. remain in the red. Much of Tencent's rally was driven by anticipation of future sales streams and a belief that Beijing will keep its promises of supporting the private sector. Its revenue likely eked out a gain of 0.2% in the final three months of 2022 after two quarters of contractions, according to analyst estimates ahead of Wednesday's report. That's expected to rebound to 6.7% growth in the March quarter. “Next leg of gains I think will come from evidencing the acceleration of revenue and that's coming hand in hand with margin expansion,” said Adam Montanaro, investment director of global emerging markets equities at abrdn. “A key area to watch will be contribution f Show less Read more
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