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17297 GJTENCT@EC2512A (CALL)
RT Nominal up0.155 +0.006 (+4.027%)

28/10/2024 15:13

{I-bank focus}Nomura raises Tencent (00700) to HKD500

[ET Net News Agency, 28 October 2024] Nomura raised the target price for Tencent (00700)
to HKD500 from HKD478 and maintained the "buy" rating.
The research house said it raises FY24F/25F non-IFRS net profit by 5%/3% on assumption
of higher non-operating income for both the years and a higher operating margin estimate
for FY24F, while revenue assumption is largely unchanged for both the years. (rc)

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