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<Research>HTSC Raises TENCENT's TP to HKD742.19; Shooting Game Prospects Promising
Recommend 7 Positive 12 Negative 5 |
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TENCENT (00700.HK) reported a 14.5% YoY increase in its turnover in its 2Q25 results, according to Huatai Securities' research report. By business segment, the company's value-added service/ advertising/ financial technology revenues grew by 16%/ 20%/ 10% YoY, with corresponding gross margins improving by 3.4 ppts/ 1.9 ppts/ 4.5 ppts. In the long term, TENCENT, as a leading developer of shooting games, is expected to achieve dual drivers of player and commercialization growth (with rapid domestic penetration), Huatai Securities emphasized. The company's Delta Force became a leading game in July, and VALORANT Mobile is set to launch on August 19. Not to mention, it has several more important shooting and open-world games in its future reserves. Huatai Securities set its target price for TENCENT at HKD742.19 and kept the Buy rating unchanged. AAStocks Financial News |
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