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TCEHY

Tencent

$0.00

(0.00%)

12:11
08/29/18
08/29
12:11
08/29/18
12:11

Tencent's Riot Games outlines steps to improve workplace culture

In response to allegations and reports of toxic workplace conditions, Tencent's Riot Games issued a statement saying that it has been "focused on listening and learning" for the past three weeks. "As a company, we're used to patching problems ASAP, but this patch will not happen overnight," Riot said. "We will weave this change into our cultural DNA and leave no room for sexism or misogyny. Inclusivity, diversity, respect, and equality are all non-negotiable. While there is much to improve, there is a tremendous amount of good at Riot that will drive this change. This is our top priority until we get it right." The company apologized to its current and former employees, players, prospective employees, and partners, adding that it is "committed to do things the right way," knowing that "the change we need isn't going to happen overnight." Riot, which is famous for making popular esports title "League of Legends," said it is taking a number of steps to correct its workplace conditions, through expanding the culture and diversity and inclusion initiative, revisiting cultural definitions, engaging consultants for a third-party evaluation, improving its investigation process, reevaluating recruiting, doubling down on trainings, and staffing up for diversity and inclusion. Reference Link

TCEHY Tencent
$0.00

(0.00%)

08/15/18
BNCH
08/15/18
NO CHANGE
Target $12
BNCH
Buy
Vipshop price target lowered to $12 from $19 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Vipshop (VIPS) to $12 after the company reported soft Q2 results and gave Q3 guidance that indicated an organic revenue deceleration on top of a limited contribution from the Tencent (TCEHY) and JD.com (JD) channels. She believes Vipshop continues to face growth challenges due to increasing competition and changing industry dynamics in China, but keeps a Buy rating on the shares as she expects significant synergies to be unlocked from the Tencent and JD partnerships over the longer-term.
08/16/18
JEFF
08/16/18
NO CHANGE
Target $90
JEFF
Buy
China approval freeze creates buying opportunity in Activision, says Jefferies
Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he note administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard's (ATVI) upcoming Call of Duty mobile game was expected to launch in China this year, but O'Shea said this is a smaller game that is not in his estimates, adding that Tencent (TCEHY) gets 70% of the revenue under its deal for the game. Activision has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision Blizzard shares.
08/20/18
NOMU
08/20/18
NO CHANGE
NOMU
Buy
China watchdogs said to likely restart game reviews soon, says Nomura Instinet
Nomura Instinet analyst Jialong Shi noted that over the weekend posts on Weibo said China's online game watchdogs will likely restart game reviews as early as September, adding that a few of his online gaming contacts have also heard lately from relevant watchdogs that the review of new games should restart soon. If game reviews do resume in September, Tencent's (TCEHY) PUBG Mobile and Fortnite are likely to receive licenses for monetization in Q4 at the earliest, said Shi, who believes Tencent and NetEase (NTES) would benefit from improved sentiment and outlooks if Chinese regulators restart reviews.
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.

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LII

Lennox

$207.29

-0.545 (-0.26%)

07:02
12/12/18
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Earnings
Lennox raises FY18 adjusted EPS view to $9.21-$9.61 from $8.70-$9.10 »

FY18 consensus $8.95.…

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PKD

Parker Drilling

$1.12

0.025 (2.29%)

07:02
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Breaking Hot Stocks news story on Parker Drilling »

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LII

Lennox

$207.29

-0.545 (-0.26%)

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Breaking Hot Stocks news story on Lennox »

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VZ

Verizon

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0.58 (1.00%)

07:01
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Verizon rating change  »

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LUV

Southwest

$51.08

-0.06 (-0.12%)

07:00
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Southwest still sees Q4 RASM up 1%-2% y/y »

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WAT

Waters

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0.085 (0.04%)

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MOS

Mosaic

$33.00

-0.17 (-0.51%)

06:55
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Mosaic rating change  »

JPMorgan downgrades…

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FB

Facebook

$142.07

0.2 (0.14%)

06:53
12/12/18
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06:53
Periodicals
Facebook employees say Sandberg should retain her COO role, BI reports »

Over 70% of 595 Facebook…

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FRAC

Keane Group

$8.88

0.54 (6.47%)

06:52
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12/12
06:52
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06:52
Earnings
Keane Group narrows Q4 revenue view to $490M from $470M-$500M »

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EXK

Endeavour Silver

$1.89

-0.02 (-1.05%)

06:52
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06:52
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Endeavour Silver reports 'positive' drilling results for Parral Project »

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BMHC

Building Materials Holding

$0.00

(0.00%)

, OC

Owens Corning

$45.99

-1.57 (-3.30%)

06:51
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06:51
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Building Materials Holding, Owens Corning rating change  »

Barclays downgrades BMC…

BMHC

Building Materials Holding

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(0.00%)

OC

Owens Corning

$45.99

-1.57 (-3.30%)

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SSNLF

Samsung

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(0.00%)

06:50
12/12/18
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06:50
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06:50
Periodicals
Samsung to shutdown one of its mobile phone plants in China, Reuters reports »

Samsung will end…

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MNK

Mallinckrodt

$20.95

0.28 (1.35%)

06:50
12/12/18
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06:50
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06:50
Hot Stocks
Mallinckrodt subsidiary receives CRL from FDA for Roxicodon tablets NDA »

SpecGx, a subsidiary of…

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  • 12

    Dec

06:45
12/12/18
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General news
Breaking General news story  »

Week of 12/7 MBA Mortgage…

FLR

Fluor

$33.82

-1.89 (-5.29%)

06:44
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06:44
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Fluor rating change  »

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NFX

Newfield Exploration

$15.59

-0.03 (-0.19%)

06:44
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Newfield Exploration rating change  »

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PXD

Pioneer Natural

$138.63

-2.01 (-1.43%)

06:44
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Pioneer Natural rating change  »

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  • 14

    Feb

IBM

IBM

$120.88

-0.25 (-0.21%)

, ORCL

Oracle

$46.47

-0.21 (-0.45%)

06:43
12/12/18
12/12
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Periodicals
GAO rejects IBM's challenge to Pentagon's $10B cloud contract, Bloomberg reports »

The U.S. Government…

IBM

IBM

$120.88

-0.25 (-0.21%)

ORCL

Oracle

$46.47

-0.21 (-0.45%)

AMZN

Amazon.com

$1,643.50

3.13 (0.19%)

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    Mar

O

Realty Income

$66.30

0.58 (0.88%)

06:40
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Realty Income rating change  »

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FRT

Federal Realty

$133.31

0.43 (0.32%)

06:40
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Federal Realty rating change  »

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  • 14

    Feb

MAR

Marriott

$110.04

-0.78 (-0.70%)

06:39
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06:39
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Marriott rating change  »

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HTHIY

Hitachi

$0.00

(0.00%)

, ABB

ABB

$18.87

-0.08 (-0.42%)

06:39
12/12/18
12/12
06:39
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06:39
Periodicals
Hitachi in final stages of preparing bid for ABB unit, Nikkei reports »

Hitachi (HTHIY) is in the…

HTHIY

Hitachi

$0.00

(0.00%)

ABB

ABB

$18.87

-0.08 (-0.42%)

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  • 23

    May

H

Hyatt

$67.43

-1.41 (-2.05%)

06:39
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06:39
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Hyatt rating change  »

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HST

Host Hotels

$17.97

-0.13 (-0.72%)

06:39
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06:39
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Host Hotels rating change  »

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USDP

USD Partners

$10.27

-0.23 (-2.19%)

06:38
12/12/18
12/12
06:38
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06:38
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USD Partners enters into new Casper Terminal pipeline construction contract »

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