Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down584.000 -2.000 (-0.341%)
Research Report

13/08/2020 17:00

CMBIS lifts Tencent Holdings (00700) to HK$624

[ET Net News Agency, 13 August 2020] CMB International Securities (CMBIS) lifted its
target price for Tencent Holdings (00700) to HK$624 from HK$500 and maintained its "buy"
The research house said Tencent delivered upbeat 2Q results. CMBIS remains bullish on
its mobile game momentum with globalization and upcoming strong pipeline. It expects
limited impact from US ban on Wechat (< 2%) and mobile DNF delay.
CMBIS raised its EPS forecasts by 6%/5%/5% in FY2020/21/22 for stronger game. It said
that Tencent could be more defensive under COVID-19 impact, and CMBIS expects its strong
mobile games, new initiatives expansion and miniprograms potential to unlock its secular
growth. (KL)

Remark: Real time quote last updated: 24/11/2020 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.