Bloomberg
Published Nov 15, 2018 11:33
Updated Nov 15, 2018 13:29
Tencent's Big Beat Falls Flat With Analysts Pining for New Games
(Bloomberg) -- Tencent Holdings Ltd. failed to deliver on the one thing analysts were looking for from its third-quarter update: when will China approve new games.
The company’s management told analysts late Wednesday it didn’t have much of an update regarding the games approval process that has been at the center of the stock’s $245 billion loss of value since January.
Here’s what analysts have to say:
JPMorgan Chase & Co (NYSE:JPM).
Citigroup Inc (NYSE:C).
Morgan Stanley (NYSE:MS)
Jefferies Group LLC
Written By: Bloomberg
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