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Barclays Maintains Tencent(TCEHY.US) With Buy Rating, Maintains Target Price $59
Barclays analyst Jiong Shao maintains $Tencent(TCEHY.US)$ with a buy rating, and maintains the target price at $59.According to TipRanks data, the analyst has a success rate of 44.6% and a total
Express News | Exclusive-Pwc Is Also Mulling Laying off About 20% of Other Auditing Teams and Non-Auditing Business Lines in China, Sources Say
Express News | Exclusive-Pwc Is Considering a Cut of up to 50% in Financial Services Auditing Staff in China, Sources Say
Market Chatter: Heytea Opens Pop-Up Store in Paris In Time for Olympics
Chinese tea brand Heytea opened its first pop-up store in Paris as part of its global expansion, the South China Morning Post reported Monday.The tea company, backed by Tencent (HKG:0700) and
Tencent Cloud Maintains the Position of a Challenger in the 2024 Gartner Magic Quadrant for Communications Platform as a Service
Tencent Cloud, the cloud business of global technology company Tencent, today announced its recognition as a Challenger in the 2024 Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS). In terms of its ability to execute, Tencent Cloud has secured the highest position among all cloud service providers in the Asia-Pacific region.
Focus on Brokerage: Fangzheng Securities maintains a 'strongly recommended' rating for Tencent (00700) and expects the company's 24Q2 revenue to increase by 9.2% year-on-year.
Golden Finance | Founder Securities released a preview of Tencent's (00700) 24Q2 performance. The bank expects Tencent to achieve revenue of 163 billion yuan in 24Q2 (YoY+9.2%), including game revenue of 48.8 billion yuan (YoY+9.6%), social value-added services revenue of 30.4 billion yuan (YoY+2.5%), advertising revenue of 30 billion yuan (YoY+20%), CNI Xiangmi Lake fintech index revenue of 42.2 billion yuan (YoY+5.0%), and enterprise services revenue of 9.7 billion yuan (YoY+15.0%). The expected sales expense ratio is 5.6% and the general and administrative expense ratio is 15.6% (including research and development expenses).
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