[ET Net News Agency, 30 June 2020] Goldman Sachs lifted its target price for Tencent
Holdings (00700) to HK$542 from HK$520 and maintained its "buy" rating.
The research house said Tencent on 26 June at the Tencent Games Annual Conference
unveiled a roadmap of 40+ gaming product updates, including 36 new self-developed and
licensed games, and announced the 12 August launch for mDnF, one of the world's most
successful gaming IPs.
Goldman remains bullish on Tencent's ability to capture the growing opportunities and
further solidify its leading position in the online game industry leveraging IPs and M&A.
It forecast Tencent's total gross mobile game revenue to grow at 50%/44%/23% to
Rmb33.2bn/Rmb134.7bn/Rmb165.3bn in 2Q 2020/2020/21. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00700 TENCENT
Nominal 
350.200 +10.800 (+3.182%) Research Report
30/06/2020 15:07
{I-bank focus}Goldman ups Tencent Holdings (00700) to HK$542
| Remark: | Real time quote last updated: 26/04/2024 14:20 |
| 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 |