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51631 HT#HSI RC2302O (R BULL)
RT Nominal down0.165 -0.035 (-17.500%)

11/11/2021 16:53

{I-bank focus}UBS lowers Tencent (00700) to HK$600

[ET Net News Agency, 11 November 2021] UBS lowered its target price for Tencent (00700)
to HK$600 from HK$630 and maintained its "buy" rating.
The research house said it lowers mobile games revenues by 2-3% going forward to fully
reflect new regulations on minor gamers, and lowers ads revs. by ~10% in the next year to
reflect recent regulatory impacts and a slower recovery. (RC)

Remark: Real time quote last updated: 25/01/2022 16:37
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