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

16/11/2020 17:02

Guotai Junan raises Tencent Holdings (00700) to HK$700

[ET Net News Agency, 16 November 2020] Guotai Junan International raised its target
price for Tencent Holdings (00700) to HK$700 from HK$590 and maintained its "buy" rating.
The research house said Tencent's 3Q non-IFRS net profit was up 32.3%, higher than the
market expectations, primarily due to the higher growth of the online games business.
Guotai Junan thus revised up its 2020-22 online games revenue by 6.9%, 4.6% and 3.7%,
respectively, due to expected (1) outstanding performance of the company's newly launched
smartphone games in 4Q, such as Moonlight Blade Mobile, and (2) rich game pipeline in
It forecast the growth of Media advertising to start to turn positive in 4Q due to the
expected rally of the online advertising industry. (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.