Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Rates TENCENT as Buy, Cuts TP to HKD710
Recommend 12 Positive 20 Negative 12 |
||||
|
||||
|
Daiwa has published a research report lowering its target price for TENCENT (00700.HK) from HKD725 to HKD710, though it continued to rate the company as Buy. The broker has also trimmed its 1Q26 domestic gaming revenue forecast for TENCENT to reflect that the later Chinese New Year, which was in February this year compared to last year's in January, shortened the revenue recognition window, and that the base was higher in the same period last year. Nevertheless, TENCENT's domestic gaming sell-through, as indicated by SensorTower data, rose by about 12% QoQ. As seasonal impacts fade and new game contributions come through, Daiwa expects that gaming revenue will re-accelerate in 2Q26. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
