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<Research>Daiwa: TENCENT (00700.HK) Rating Reiterated at Buy w/ TP $750 on Solid 3Q Results
Recommend 20 Positive 27 Negative 6 |
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TENCENT (00700.HK) delivered a solid 3Q25 results, with revenue beating market consensus by 2%, driven by better-than-expected game and advertising revenue, according to Daiwa's research report. During the period, marketing services revenue grew by 21% YoY, propelled by AI-powered advertising targeting technology that increased eCPM and traffic growth. In response to increased R&D costs, the broker lowered its 2026-2027 EPS forecasts by 2%, and reiterated rating at Buy, with a target price of $750. AASTOCKS Financial News Website: www.aastocks.com |
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