According to a report published by CMB International, it is optimistic about Tencent's profit growth prospects in the second half of the year, mainly due to the accelerated growth of game revenue and revenue contributions from high-profit businesses such as video accounts and mini-games. In the long run, the Mainland's potential policies to stimulate economic growth and consumption may benefit Tencent's fintech and corporate services and advertising businesses. The bank estimates that Tencent's total revenue for the third quarter will increase 8% year-on-year to 166.8 billion yuan, and non-IFRS net profit will increase 24% year-on-year to 55.6 billion yuan. According to CMB International, despite the recent recovery in Tencent's stock price, considering its profit growth prospects and shareholder returns, the current forecast price-earnings ratio of 14 times in 2025 is still attractive. The target price was raised from HK$480 to HK$525, maintaining a “buy” rating.

Zhitongcaijing · 10/15 04:33
According to a report published by CMB International, it is optimistic about Tencent's profit growth prospects in the second half of the year, mainly due to the accelerated growth of game revenue and revenue contributions from high-profit businesses such as video accounts and mini-games. In the long run, the Mainland's potential policies to stimulate economic growth and consumption may benefit Tencent's fintech and corporate services and advertising businesses. The bank estimates that Tencent's total revenue for the third quarter will increase 8% year-on-year to 166.8 billion yuan, and non-IFRS net profit will increase 24% year-on-year to 55.6 billion yuan. According to CMB International, despite the recent recovery in Tencent's stock price, considering its profit growth prospects and shareholder returns, the current forecast price-earnings ratio of 14 times in 2025 is still attractive. The target price was raised from HK$480 to HK$525, maintaining a “buy” rating.