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<Research>CLSA Envisions TENCENT's 3Q Rev. to Grow 14% YoY, Adjusted EBIT to Surge 21%
Recommend 12 Positive 23 Negative 5 |
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CLSA has issued a research report predicting TENCENT (00700.HK) to deliver sturdy results for 3Q25, with total revenue/ adjusted EBIT growing by 14%/ 21% YoY to RMB190 billion/ RMB74.1 billion. Specifically, it is expected that TENCENT's online game business will grow by 18% YoY, while its online advertising revenue may soar by 20% on the strength of technological upgrades and transformation growth during the period. Its commercial services revenue is also anticipated to leap by over 20% YoY. CLSA gave TENCENT a rating of High-Conviction Outperform and a target price of HKD740. AAStocks Financial News |
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