[ET Net News Agency, 8 December 2023] Macquarie gives a target price of HKD455 and a
"outperform" rating to Tencent (00700).
The research house said Tencent's engaging and sticky user ecosystem, stable market
positioning, and favourable revenue mix provide a visible path to sustainable growth.
It expects video accounts monetisation to drive persistent growth momentum into the ad
segment despite competition and cyclical factors.