Guohai Securities Remains a Buy on Tencent Holdings (TCTZF)
In a report released yesterday, from Guohai Securities maintained a Buy rating on Tencent Holdings , with a price target of HK$791.00. The company’s shares closed yesterday at HK$636.50.
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In addition to Guohai Securities, Tencent Holdings also received a Buy from CGS-CIMB’s Lei Yang CFA in a report issued yesterday. 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
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