tencent (00700) will disclose Q3 performance next Wednesday, with major updates on rating and target price (table).
[Brokerage Focus] Minsheng Securities maintains a 'buy' rating on Tencent (00700), pointing out that the new game "MDnF" is expected to significantly contribute to the 24H2 incremental revenue.
Citi Rating | Goldman Sachs: Tencent's Q3 revenue is expected to increase by 7% year-on-year to 165.5 billion yuan. Game revenue is expected to increase by 12% annually.
CITIC Securities: Maintaining a "recommended" rating for tencent (00700), with strong performance of domestic Evergreen games and stable growth targets overseas.
Citic sec: Maintains a "buy" rating on tencent, bullish on the potential of continuous profit release.
Brokerage focuses: Citi raised tencent's (00700) target price to 500 Hong Kong dollars, expecting its third quarter total revenue to increase by 9% year-on-year.
Tencent Holdings (00700.HK): Profit growth is expected to be relatively resilient
Nomura Adjusts Tencent Holdings' Price Target to HK$500 From HK$478, Keeps at Buy
Tencent Holdings (0700.HK): Weekly Report
China Merchants Securities maintains a 'strong buy' rating on Tencent (00700), highlighting its stable main business.
Tencent Holdings (0700.HK): Reviewing Tencent's Twenty Years as a staunch supporter of every wave of technology
Guosen Securities: Tencent (00700) revitalizes game operation, stable valuation of mature overseas game giants, maintaining an "outperform the market" rating.
Bocom Intl: Upgraded Tencent's target price to 513 Hong Kong dollars, expecting a 29% increase in domestic game revenue in the third quarter.
Huaxing Securities: Raised tencent (00700) target price to HKD 520, reiterating a "buy" rating.
Tencent Holdings (0700.HK): Weekly Report
Tencent Holdings (0700.HK): Gaming accelerates steady and continuous high-quality growth in advertising
[Brokerage Focus] Huachuang Securities maintains a 'recommend' rating on Tencent (00700), expecting a 8% year-on-year revenue growth to 167.2 billion yuan in the third quarter.
CMB International: Raised tencent (00700) target price to 525 Hong Kong dollars, maintaining a "buy" rating.
Major banks' ratings | Goldman Sachs: China's internet-related valuations are still reasonable. Reiterate Tencent as the industry's top choice.
Major bank rating | UBS group: Raise target price for some China internet plus-related stocks, industry's first choice is JD.com