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<Research>CLSA Expects TENCENT (00700.HK) 1Q Rev. Growth to Slow to 5.9%, Adj. EBIT to Rise 15.6%
Recommend 15 Positive 28 Negative 13 |
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CLSA issued a research report expecting that TENCENT (00700.HK)'s 1Q24 revenue will grow at a slower rate of 5.9% to RMB158.9 billion, dragged down by a decline in domestic game revenue. However, adjusted EBIT is expected to maintain a healthy YoY growth of 15.6% to RMB53.2 billion. CLSA believed that TENCENT can sustain 15-20% 3-year EPS CAGR growth, with a total yield of 5%. CLSA kept rating at Buy for TENCENT, with a target price of $440. AAStocks Financial News |
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