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<Research>UBS Lifts TENCENT's TP to HKD710; 1Q25 Results Beat
TENCENT (00700.HK)'s 1Q25 revenue beat expectations with a growth of 13% YoY, according to a report from UBS.Driven by gross margin expansion, TENCENT's adjusted operating ...
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<Research>UBS Lifts TENCENT's TP to HKD710; 1Q25 Results Beat
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TENCENT (00700.HK)  -7.500 (-1.455%)    Short selling $901.65M; Ratio 8.279%   's 1Q25 revenue beat expectations with a growth of 13% YoY, according to a report from UBS.

Driven by gross margin expansion, TENCENT's adjusted operating profit and net profit also surged by 18% and 22% YoY respectively, both surpassing expectations by 4%.

Related NewsCLSA Reiterates Rating 'High Conviction Outperform' on TENCENT; Solid 1Q25 Results Expected
UBS lifted its 2025-27 EPS forecasts for TENCENT by 1-2% and the target price from HKD700 to HKD710, with a rating of Buy. The company remained the broker's Key Call.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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