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28528 CTTENCT@EC2504B (CALL)
RT Nominal up0.078 +0.014 (+21.875%)

16/08/2024 15:51

{I-bank focus}Nomura raises Tencent (00700) to HKD478

[ET Net News Agency, 16 August 2024] Nomura raised the target price for Tencent (00700)
to HKD478 from HKD467 and maintained the "buy" rating.
The research house said it raises FY24F non-IFRS net profit by 5% on higher assumption
for non-operating income following the strong beat in 2Q. (rc)

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