All 15 brokers summarised by our reporters have raised their target prices on TENCENT and rated the company Buy, Overweight or Outperform respectively.
Broker│Rating│Target Price
Citi│Buy│$459->$515
CMBI│Buy│$445->$480
CLSA│Buy│$440->$480
UBS│Buy│$438->$480
JPMorgan│Overweight│$410->$480
Jefferies│Buy│$453->$475
CITIC Securities│Buy│$398->$474
Macquarie│Outperform│$387->$473
CICC│Outperform│$418->$468
Nomura│Buy│$400->$467
Goldman Sachs│Buy│$408->$466
Daiwa│Buy│$370->$460
Huatai Securities│Buy│$415.11->$451.75
Morgan Stanley│Overweight│$400->$450
HSBC Global Research│Buy│$385->$450
Broker│Opinion
Citi│Stable execution and proactive change drove quality earnings growth
CMBI│Quality growth laid the foundation for strong earnings growth
CLSA│Successful revitalisation of legacy games
JPMorgan│Multitide of positive surprises should further boost share price
Jefferies│High-quality growth, reiterated as a top pick in the sector
Goldman Sachs│High visibility of growth momentum, strong CAGR of earnings
CITIC Securities│Video Accounts drove advertising business, profit release beat again
Macquarie│Consolidating core strengths and expanding margins
CICC│Game revenue returned to growth, improved gross margins drove beat profits
Nomura│Earnings momentum continued
UBS│1Q results beat, monetisation potential unleashed
Daiwa│Gross margins beat
Huatai Securities│Quarterly profit strongly beat, AI empowered advertising business
Morgan Stanley│Best start in years, remained top pick for large-cap Chinese tech stocks
HSBC Global Research│Earnings quality continued to improve
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-16 16:25.)
