The Zhitong Finance App learned that CMB International published a report saying that despite the recent recovery in Tencent Holdings (00700.HK) stock price, considering its profit growth prospects and shareholder returns, the current forecast price-earnings ratio for 2025 is still attractive. It raised the target price of Tencent Holdings from HK$480 to HK$525, maintaining a “buy” rating.

The Zhitong Finance App learned that CMB International published a report saying that despite the recent recovery in Tencent Holdings (00700.HK) stock price, considering its profit growth prospects and shareholder returns, the current forecast price-earnings ratio for 2025 is still attractive. It raised the target price of Tencent Holdings from HK$480 to HK$525, maintaining a “buy” rating.