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Nomura: Tencent's target price is HKD 478, the impact of Taobao joining WeChat Pay is not significant.
Nomura has released a research report stating that it has given tencent (00700) a target price of 478 Hong Kong dollars. Alibaba-SW (09988) recently announced that Taobao will soon join "WeChat Pay". The bank believes that the above move will not have much impact on Alibaba or Tencent unless Tencent can take the same reciprocal measures to include Alibaba in its WeChat ecosystem, treating it equally with JD.com and pdd holdings. The report points out that most Taobao users have Alipay accounts and are accustomed to this payment method, so the introduction of WeChat Pay is not expected to significantly change the behavior of existing shoppers. However, Taobao may gain
Nomura: Target price for Tencent (00700) is HKD 478, the impact of Taobao joining "WeChat Pay" is not significant.
Nomura believes that the introduction of WeChat Pay will not significantly change the behavior of existing shoppers, but Taobao may benefit from it.
[Brokerage Focus] Pu Yin International rates Tencent (00700) as a buy, bullish on the company's digital technology driving the development of its existing businesses such as advertising, gaming, and cloud.
Golden Finance News | Pu Yin International Development Research Institute stated that the bank participated in the 2024 Tencent (00700) Global Digital Ecology Conference from September 5th to 6th. The conference, with the theme of 'Smart Start, Cloud-Driven Growth', covered hundreds of special summits and industry forums. Tencent announced new products at the conference, including Hybrid Turbo and Tencent Cloud Intelligence. Hybrid Turbo significantly improves inference efficiency, reduces costs, and improves decoding speed, ranking first in China in the SuperCLUE evaluation ranking. The bank indicates that Tencent Cloud Intelligence is a high-performance computing, storage, and network integration intelligence computing platform that can provide
Orient Securities: Maintains a "buy" rating on Tencent Holdings (00700) with a target price of HKD 422.68.
Orient Securities expects Tencent's IFRS net income attributable to the parent company for 2024-2026 to be 188.6/218.4/245.4 billion yuan.
Zhītōng ADR statistics | September 10th.
On Monday, the three major stock indexes in the US rose collectively. HSI ADR rose, closing at 17,226.54 points, up 29.58 points or 0.17% from the Hong Kong closing.
Alibaba Joins China's Stock Connect, Eyes Billions In Investment Boost
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