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<Research>UBS Lifts TENCENT's TP to HKD710; 1Q25 Results Beat
Recommend 16 Positive 27 Negative 17 |
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TENCENT (00700.HK)'s 1Q25 revenue beat expectations with a growth of 13% YoY, according to a report from UBS. Driven by gross margin expansion, TENCENT's adjusted operating profit and net profit also surged by 18% and 22% YoY respectively, both surpassing expectations by 4%. UBS lifted its 2025-27 EPS forecasts for TENCENT by 1-2% and the target price from HKD700 to HKD710, with a rating of Buy. The company remained the broker's Key Call. AAStocks Financial News |
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