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24091 KSTENCT@EC2412A (CALL)
RT Nominal unchange0.370 0.000 (0.000%)

26/04/2024 14:33

{I-bank focus}UBS raises Tencent (00700) to HKD438

[ET Net News Agency, 26 April 2024] UBS raised the target price for Tencent (00700) to
HKD438 from HKD428 and maintained the "buy" rating.
The research house said building on the Weixin ecosystem, revamping existing games and
medium-term monetisation of AI technology applications should improve Tencent's earnings
growth visibility. (rc)

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