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52480 JP#TENCTRC2409T (R BULL)
RT Nominal up0.145 +0.021 (+16.935%)

28/12/2023 15:01

{I-bank focus}Daiwa reiterates buy on Tencent & NTES

[ET Net News Agency, 28 December 2023] After the National Press and Publication
Administration's (NPPA) surprising release of the draft version of "Measures for the
Administration of Online Games" sent shock waves through the market on 22 December, Daiwa
said authorities are softening their tone, hinting at room for revision of the disputable
adult gaming spending limits.
Market sentiment will likely take time to recover, driven by upcoming remedial measures
and expectations of any rolling back of the rules. Daiwa reaffirms positive stance and
reiterates buy calls on Tencent (00700) and NTES (09999). (RC)

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