Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00700 TENCENT
RTNominal down608.000 -5.500 (-0.896%)
Research Report

16/11/2020 17:39

{I-bank focus}Macquarie raises Tencent (00700) to HK$846

[ET Net News Agency, 16 November 2020] Macquarie raised its target price for Tencent
Holdings (00700) to HK$846 from HK$815 and maintained its "outperform" rating.
The research house said Tencent's solid 3Q print reaffirms Macquarie's investment thesis
that Tencent is one of the best internet assets to be in heading into 2021, with strength
across global gaming, digital ads, and fintech.
Tencent's strong beat in the print was largely from its mobile game revenues. While
momentum will naturally taper off into 4Q, new contributors like Moonlight Blade Mobile
and LoL: Wild Rift will likely continue to pave the path forward to growth in 2021 and
beyond.
Fintech remained solid, likely growing 26% in 3Q and expected to continue its momentum.
But Macquarie felt there will be a limited profit margin expansion for the time being.
(KL)

Remark: Real time quote last updated: 13/04/2021 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 2021 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.