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<Research>Nomura: TENCENT (00700.HK) 1Q Results Still Impressive; TP Elevated to $670
Despite macro uncertainties, TENCENT (00700.HK) still delivered impressive 1Q25 results, Nomura published a research report saying. The online game and advertising businesses were ...
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<Research>Nomura: TENCENT (00700.HK) 1Q Results Still Impressive; TP Elevated to $670
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Despite macro uncertainties, TENCENT (00700.HK)  -7.500 (-1.455%)    Short selling $901.65M; Ratio 8.279%   still delivered impressive 1Q25 results, Nomura published a research report saying. The online game and advertising businesses were stronger than expected, driving revenue/ non-IFRS EPS to grow by 13%/ 25% YoY each, beating market consensus by 2.5%/ 3%.

Therefore, Nomura kept rating at Buy for TENCENT, and elevated its target price from $468 to $670. The broker also raised its 2025/ 2026 EPS forecasts from RMB26.15/ RMB28.87 to RMB27.32/ RMB30.59.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

Related NewsTENCENT 1Q Non-IFRS NP Up 22% to RMB61.33B In Line

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