Shenwan Hongyuan Remains a Buy on Tencent Holdings (TCTZF)
Shenwan Hongyuan analyst maintained a Buy rating on Tencent Holdings yesterday and set a price target of HK$791.00.
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In addition to Shenwan Hongyuan, Tencent Holdings also received a Buy from DBS’s Sachin Mittal in a report issued today. However, on November 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 June 30, the company reported a quarterly revenue of HK$184.5 billion and a net profit of HK$55.63 billion. In comparison, last year the company earned a revenue of HK$161.12 billion and had a net profit of HK$47.63 billion
Read More on TCTZF:
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- Tencent price target raised to HK$665 from HK$660 at Mizuho
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- Tencent, Apple agree to 15% cut of WeChat mini app spending, Bloomberg reports
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