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<Research>HSBC Research Elevates TENCENT (00700.HK) TP to $690, Keeps Rating at Buy
Recommend 12 Positive 19 Negative 3 |
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TENCENT (00700.HK)'s 2Q25 revenues in international game, marketing and fintech & business services beat market expectations, driving operating profit margins beyond forecasts as well, according to a research report issued by HSBC Global Research. As a result, the broker was more optimistic about the Company's prospects, and raised its 2025-2027 domestic/ international game business revenue forecasts by 2-7%/ 3-5%. HSBC Global Research elevated its target price for TENCENT from $650 to $690, with rating kept at Buy. The broker believed that, with efficiency gains brought by AI and the disappearance of other losses, the gap between revenue and operating profit growth may widen again next year, favoring a re-rating. AASTOCKS Financial News Website: www.aastocks.com |
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