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55726 BP#TENCTRC2511A (R BULL)
RT Nominal up0.249 +0.009 (+3.750%)

21/03/2024 15:42

{I-bank focus}Macquarie lowers Tencent (00700) to HKD387

[ET Net News Agency, 21 March 2024] Macquarie lowered the target price for Tencent
(00700) to HKD387 from HKD455 and maintained the "outperform" rating.
The research house said successful debut of DnF Mobile launch in 2Q24; potential
announcement of new game pipeline and/or better VA monetization could support upward
revisions to revenue and profitability. (RC)

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