Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal down591.000 -14.000 (-2.314%)
Research Report

22/07/2020 15:10

{I-bank focus}UBS lifts Tencent Holdings (00700) to HK$650

[ET Net News Agency, 22 July 2020] UBS Global Research lifted its target price for
Tencent Holdings (00700) to HK$650 from HK$520 and maintained its "buy" rating.
The research house said Tencent is one of UBS's top large-cap picks as strong mobile
games to drive earnings growth acceleration from 15% CAGR in 2017-19 to 28.7% CAGR in
2019-22, helping re-rate the stock from 25x at the trough in the last two years to 36x
2021 earnings.
Mobile games, including recently launched Brawl Stars in China, helped drive strong
growth in 2Q despite gamers returning to work/school. In 2H, UBS is most excited about DnF
Mobile in China, LoL Mobile Wild Rift overseas, and Valorant for PC overseas.
It also sees several long term drivers. However, UBS noted that advertising is slightly
weaker than UBS expected in 2Q, and investors need to be patient with new games as Tencent
will take time to ramp monetization of large scale, social games. (KL)

Remark: Real time quote last updated: 30/10/2020 17:59
  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 2020 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.