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China Renaissance Reaffirms Their Buy Rating on Tencent Holdings (TCTZF)
In a report released yesterday, from China Renaissance maintained a Buy rating on Tencent Holdings , with a price target of HK$790.00.
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In addition to China Renaissance, Tencent Holdings also received a Buy from CGS International’s Lei Yang CFA in a report issued on May 15. However, on May 14, Mizuho Securities maintained a Hold rating on Tencent Holdings (Other OTC: TCTZF).
Based on Tencent Holdings ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$191.5 billion and a net profit of HK$57.4 billion. In comparison, last year the company earned a revenue of HK$172.45 billion and had a net profit of HK$51.32 billion
Read More on TCTZF:
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- Tencent Earnings Call: Solid Core, Aggressive AI Pivot
- AI Daily: Alibaba, Tencent cleared to buy Nvidia’s H200 chips
- Midday Fly By: Cisco reports Q3 beat, Chinese firms cleared to buy Nvidia chips
- Tencent price target lowered to HK$610 from HK$665 at Mizuho
- Alibaba, Tencent cleared to buy Nvidia’s H200 chips, Reuters reports
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