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

28/01/2021 15:14

{I-bank focus}Daiwa lifts Tencent Holdings (00700) to HK$850

[ET Net News Agency, 28 January 2021] Daiwa Research lifted its target price for
Tencent Holdings (00700) to HK$850 from HK$700 and reiterated its "buy" rating.
The research house expects Tencent's game business profitability to benefit from the
declining app store commission rate in 2021-22. Daiwa also likes Tencent's initiatives in
mini-games and cloud gaming to expand its influence in the future game market in China.
It has turned more positive on the Weixin ecosystem after attending Weixin Open Class
Pro 2021 and sees more monetisation opportunities ahead. With more use cases on Weixin,
Daiwa believes the increasing marketing demand on Weixin will further fuel the revenue
growth of Tencent's social advertising segment. Daiwa raised its 2021-22 earnings
forecasts by 1-3% on higher game GPM assumptions. (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.