Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Reiterates TENCENT as Industry Top Pick w/ TP Raised to HKD720
Recommend 15 Positive 33 Negative 5 |
||||
|
||||
|
TENCENT (00700.HK)'s 2Q25 results beat expectations across the board, UBS wrote in its research report. The company's revenue grew by 15% YoY, 3% higher than market expectations, while an 18% YoY growth in its adjusted operating profit also surpassed expectations by 5%, mainly benefiting from gross margin expansion. During the period, the performance of TENCENT's online gaming and advertising businesses was outstanding, which UBS believes can provide some visibility for revenue in 2H25. UBS has reiterated TENCENT as its industry top pick, raising its target price from HKD710 to HKD720 and keeping the Buy rating unchanged. In addition, it has lifted the 2025-27 EPS forecasts by 3-4%. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
