SPDB Sticks to Its Buy Rating for Tencent Holdings (TCTZF)
In a report released yesterday, from SPDB maintained a Buy rating on Tencent Holdings , with a price target of HK$580.00. The company’s shares closed yesterday at HK$449.20.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a HK$707.02 average price target, implying a 57.40% upside from current levels. In a report released on May 15, CGS International also maintained a Buy rating on the stock with a HK$680.00 price target.
Based on Tencent Holdings ‘s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$194.37 billion and a net profit of HK$58.26 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
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