Macquarie: maintain Tencent's "outperformance" rating target price of HK $515
$Macquarie Global Infrastructure Total Return Fund Inc.(MGU.US$ released a research report saying that Tencent is the first choice of China mainland Internet industry, and its profit forecast remains unchanged, with a target price of HK $515. It believes that the successful realization of the Video Channel, together with the recovery of games and online advertising, will accelerate the profit growth in the first half of next year.
![Macquarie: maintain Tencent's "outperformance" rating target price of HK $515](https://ussnsimg.moomoo.com/1662622441691-random5847-102701942-android-org.png/bigmoo)
The report said that the company's Video Channel is a leading short video platform in China, and it is believed that it is expected to become a major revenue contributor and support the recovery of profits. The bank believes that Tencent's Video Channel has strong synergy with other ecosystems, providing more interactive elements and omni-channel solutions among users, content creators and merchants, especially connecting with key assets of WeChat, such as small programs, payments, official accounts and instant messages, and providing diversified content.
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