BOC International published a report saying that considering Tencent Holdings' continued cost management and release of operating leverage, it is expected that Tencent will maintain a trend where profit growth is higher than revenue growth. The bank adjusted its valuation to 2025, then raised the Group's target price by 5.6% from HK$486 to HK$513 based on 20 times its price-earnings ratio, maintaining a “buy” rating.

BOC International published a report saying that considering Tencent Holdings' continued cost management and release of operating leverage, it is expected that Tencent will maintain a trend where profit growth is higher than revenue growth. The bank adjusted its valuation to 2025, then raised the Group's target price by 5.6% from HK$486 to HK$513 based on 20 times its price-earnings ratio, maintaining a “buy” rating.