Huachuang Securities: Maintain TENCENT 'Recommended' rating, Target Price 54.6 HKD.
Hua Chuang Securities released a research report stating that it maintains a "Recommended" rating for TENCENT (00700), giving the company's 2024-2026 revenue expectations at 658.6/717.9/771.3 billion yuan, YOY +8%/9%/7%; NON-IFRS net income expectations are 222.3/251/276.1 billion yuan, YOY +45%/16%/13%. The company is given a target valuation level of 18x PE for NON-IFRS EPS in 2025, corresponding to a target price of 546.6 Hong Kong dollars. On December 17, WeChat's Xiaodian gray test "Gift Delivery" feature, excluding jewelry and Education.
Announcement Highlights | GTJA has been approved to be the major Shareholder of HAITONG SEC's related Overseas subsidiaries; CATHAY PAC AIR's passenger carried in November increased by about 20% year-on-year.
CATHAY PAC AIR's passenger carried in November increased by approximately 20% year-on-year; Connet Optical plans to issue 53.325 million placement shares at a discount of about 19.98% to Goertek in Hong Kong, raising a net of 0.828 billion Hong Kong dollars.
Eshallgo Inc Engages in Strategic Collaborations With Tencent
Apple Talks With Tencent, ByteDance to Integrate AI in IPhones, Reuters Says
Express News | Ehgo Announces Major Equity Financing, With up to $20 Million to Facilitate Its Entry Into Tencent's Business Ecosystem
Press Release: EHGO Announces Major Equity Financing, With up to $20 Million to Facilitate Its Entry Into Tencent's Business Ecosystem
