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24007 SG-HSBC@EP2409A (PUT)
RT Nominal down0.137 -0.014 (-9.272%)

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)

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