Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal down339.400 -4.800 (-1.395%)
Research Report

15/06/2020 15:27

{I-bank focus}Jefferies lifts Tencent (00700) to HK$592

[ET Net News Agency, 15 June 2020] Jefferies Research lifted its target price for
Tencent Holdings (00700) to HK$592 from HK$515 and maintained its "buy" rating.
The research house expects mobile games to benefit from increasing paying ratio and ARPU
in China and the pursuit of overseas IP licensing, in-house, and co-development to embrace
global opportunities ahead.
Jefferies expects more color about new games in the pipeline and overseas partnerships
during the annual gaming event in late June. Post COVID-19, it expects an increasing
trend that people will be willing to pay for mobile games in China, narrowing the gap
with overseas.
In 2Q, Jefferies estimated total smartphone games to grow 45% (prior 34%) driven by
better than expected monetization with successful marketing campaigns for HoK. (KL)

Remark: Real time quote last updated: 25/04/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.