Tencent Holdings (TCTZF) Receives a Buy from GF Securities
In a report released yesterday, from GF Securities maintained a Buy rating on Tencent Holdings , with a price target of HK$754.73. The company’s shares closed yesterday at HK$614.00.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tencent Holdings with a $97.85 average price target, a -84.06% downside from current levels. In a report released on December 15, DBS also maintained a Buy rating on the stock with a HK$800.00 price target.
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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