Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0906 GMT – Tencent’s games business likely remained resilient in 4Q, HSBC analysts say in a research note. Domestic game sales growth is expected to accelerate to 20% on year in 4Q, up from 14% in 3Q, driven by a full-quarter contribution from “Delta Force” and strong performances from evergreen titles. International game revenue growth likely rose to 12% on year in 4Q, thanks to deferred revenue from “Supercell.” HSBC expects further upside for WeChat-embedded video accounts, supported by more diverse content and livestreaming e-commerce. Tencent could also announce additional shareholder return plans with its 4Q results, following its aggressive share buyback earlier this month. HSBC maintains a buy rating on Tencent but lowers its target price to HK$540 from HK$570. Shares last closed at HK$389.80. (sherry.qin@wsj.com)