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25/03/2021 14:22

{I-bank focus}JEF lifts Tencent Holdings (00700) to HK$755

[ET Net News Agency, 25 March 2021] Jefferies Research lifted its target price for
Tencent Holdings (00700) to HK$755 from HK$721 and maintained its "buy" rating.
The research house said Tencent reported in-line 4Q results. Overseas games expansion
continues to make progress. Video account is in the building content ecosystem phase.
Solid execution on portfolio strategies backed by innovations drives long-term growth.
Jefferies adjusted its 2021-22 non-GAAP net profit to RMB157,595mn /RMB186,835mn from
RMB159,632mn/RMB182,060mn. (KL)

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