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<Research>M Stanley Expects TENCENT (00700.HK) 3Q Rev. to Grow 13% YoY, Reiterates Rating at Overweight
Recommend 11 Positive 17 Negative 5 |
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Morgan Stanley released a research report predicting that TENCENT (00700.HK)'s 3Q25 revenue will grow by 13% YoY, while non-IFRS operating profit will rise by 18%, with potential upside for game and advertising businesses and continued profit margin expansion. Therefore, the broker reiterated rating at Overweight for TENCENT, with a target price of $700. TENCENT remains the broker's top pick. Morgan Stanley was optimistic about the Company's robust growth across all business sectors, positive operating leverage, limited competition, capital management and execution capabilities. AASTOCKS Financial News Website: www.aastocks.com |
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