Tencent Holdings (TCTZF) Receives a Buy from Orient Securities
In a report released yesterday, from Orient Securities maintained a Buy rating on Tencent Holdings , with a price target of HK$588.53. The company’s shares closed yesterday at HK$449.20.
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In addition to Orient Securities, 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$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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