Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up599.500 +3.500 (+0.587%)
Research Report

22/02/2021 14:50

{I-bank focus}Morgan ups Tencent Holdings (00700) to HK$820

[ET Net News Agency, 22 February 2021] Morgan Stanley lifted its target price for
Tencent Holdings (00700) to HK$820 from HK$720 and maintained its "overweight" rating.
The research house concluded the influx of mobile gamers globally in 2020 will help
maintain mobile gaming's status as the largest and fastest-growing gaming segment. Morgan
now forecasted global mobile game TAM (total addressable market) to rise at a 15% CAGR, to
US$167bn by 2024, 40% above its previous projection of US$119bn made less than a year ago.
Morgan thinks Tencent is well-positioned to capture this sizeable opportunity in the
next 2-3 years, organically and inorganically, given its superior development/distribution
capability with diversified genres.
It estimated Tencent's mobile game revenue will reach Rmb304bn by 2024, implying a 20%
CAGR, 2020-24 (versus its previous 18% and consensus' 18%). (KL)

Remark: Real time quote last updated: 15/06/2021 15:58
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.