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69137 BI#TENCTRP2112C (R BEAR)
RT Nominal down0.145 -0.001 (-0.685%)

27/07/2021 16:55

{I-bank focus}Nomura lowers Tencent (00700) to HK$698

[ET Net News Agency, 27 July 2021] Nomura lowered its target price for Tencent (00700)
to HK$698 from HK$731 and maintained its "buy" rating.
The research house said it cuts FY21F/22F non-GAAP net profit by 5%/9% on lower online
gaming revenue. It is now looking for 12% growth in online gaming revenue and 13% earnings
growth in FY21F vs previously forecasted 16% and 19%, respectively. (RC)

Remark: Real time quote last updated: 22/10/2021 17:59
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