Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Tencent Holdings reported its slowest quarterly revenue growth since its IPO in 2004 during its Q4 2021 results. Q4 revenues rose 8% YoY to RMB 144.2bn ($ 22.6bn) as it was impacted by China’s regulatory clampdown on the domestic technology sector. Profit attributable to equity holders rose 60% to RMB 94.95bn ($14.9bn) on a one-time gain on disposal of assets. For full-year, revenue grew 16% to RMB 560.1bn ($ 87.9bn) and profit attributable to equity holders rose 41% to RMB 224.8bn ($35.3bn). Total cash stood at RMB 281.3bn ($44.1bn) at end-December 2021. Q4 domestic revenues grew by 1% to RMB 29.6bn ($4.6bn) as the domestic games market faces regulatory challenges – China cut the amount of time children under 18 could play online games for and also has not approved new games launched in the past 8 months. The company has thus increasingly focused on overseas markets and international games as revenue rose 34% to RMB 13.2bn ($ 2.1bn). Online Advertising revenue was down by 13% YoY.

Tencent’s dollar bonds were trading slightly higher with its 3.8% 2025 up 0.10 points to 100.62, yielding 3.57%.

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