Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Continues to List TENCENT (00700.HK) as Sector Top Pick, Raises TP to $735
Recommend 8 Positive 13 Negative 3 |
||||
|
||||
|
TENCENT (00700.HK)'s 2Q25 revenue growth accelerated to 15% YoY, reflecting significant results from its AI investments in areas such as marketing services, game and business services, Citi Research issued a research report saying. Benefiting from the growth of high-margin businesses like domestic games, video accounts and WeChat search, as well as cost control measures, gross profit increased by 22%, with operating profit and net profit growth rates reaching 18% and 20%. Looking ahead, with steady growth in evergreen game revenue, the launch of 'Valorant' mobile game, increased contributions from 'Delta Force', advertising platform upgrades and rising enterprise GPU demand, Citi Research believed that TENCENT's growth path across various businesses will become clearer. The broker reiterated rating at Buy and sector top pick status, and raised its target price to $735. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
