Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal unchange573.000 0.000 (0.000%)
Research Report

23/07/2020 15:22

{I-bank focus}CICC lifts Tencent Holdings (00700) to HK$531

[ET Net News Agency, 23 July 2020] CICC Research lifted its target price for Tencent
Holdings (00700) by 29% to HK$531 and maintained its "neutral" rating despite a relatively
rich valuation.
Tencent will report 2Q earnings on 12 August. The research house expects revenue to grow
26% to Rmb112bn, but margin might be pressured by extra marketing spending on games,
fintech and business service (FBS). CICC expects 2Q non-GAAP net profit to grow 21% to
Rmb28.4bn.
CICC expects the share price to be supported in the short term by the upcoming launch of
DnF Mobile (12 August) and LoL Mobile. (KL)

Remark: Real time quote last updated: 26/11/2020 08:46
  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.