Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal up303.800 +1.800 (+0.596%)
Research Report

13/11/2020 15:31

{I-bank focus}Jefferies raises Tencent (00700) to HK$721

[ET Net News Agency, 13 November 2020] Jefferies Research raised its target price for
Tencent Holdings (00700) to HK$721 from HK$651 and maintained its "buy" rating.
The research house said Tencent's reported 3Q revenue and adjusted earnings were in line
with consensus. The success of HoK, with record-high DAU and positive feedback from new
games, backed by portfolio strategy, are driving long-term growth.
Online advertising accelerates on solid social ads and better-than-expected performance
of media ads. Jefferies views content as king in video advertising and noted a number of
dramas and variety shows in 4Q.
Jefferies expects the gaming outlook to remain resilient in the coming years while
online ads and fintech & business services are backed by technological strengths. (KL)

Remark: Real time quote last updated: 28/03/2024 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.