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<Research>UOB Kay Hian Raises TENCENT's TP to HKD736; 2Q Results Sturdy
Recommend 13 Positive 19 Negative 7 |
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TENCENT (00700.HK)'s 2Q25 results beat expectations, UOB Kay Hian remarked in its research report. The company's revenue increased by 14.5% YoY to RMB184.5 billion, surpassing both the broker's expectations and the market's consensus by 3%. A rise of 3.6 ppts YoY in its GPM to 56.9% also exceeded market expectations. UOB Kay Hian kept a Buy rating on TENCENT and raised its target price from HKD650 to HKD736. AAStocks Financial News |
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