Huaxing Securities issued a report stating that it switched to the 2025 forecast value and SOTP valuation, reaffirmed Tencent Holdings' “buy” rating and raised the SOTP target price to HK$520.00 to maintain revenue forecasts for online advertising, fintech, and corporate services. The Group's overall business environment remained stable during the 3Q24 period. Driven by “Dungeon and Warrior Mobile Games”, Evergreen Gaming and deferred revenue balances, the predictability of game growth improved.

Zhitongcaijing · 10/16 02:33
Huaxing Securities issued a report stating that it switched to the 2025 forecast value and SOTP valuation, reaffirmed Tencent Holdings' “buy” rating and raised the SOTP target price to HK$520.00 to maintain revenue forecasts for online advertising, fintech, and corporate services. The Group's overall business environment remained stable during the 3Q24 period. Driven by “Dungeon and Warrior Mobile Games”, Evergreen Gaming and deferred revenue balances, the predictability of game growth improved.