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22240 HSCSA50@EC2506A (CALL)
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18/01/2022 16:50

{I-bank focus}HSBC lowers Tencent (00700) to HK$580

[ET Net News Agency, 18 January 2022] HSBC Global Research lowered its target price for
Tencent (00700) to HK$580 from HK$590 and maintained its "buy" rating.
The research house said it thinks roll out of eCNY will unlikely trigger market share
loss for Tencent due to sticky user habits on Weixin and active support towards SMEs. (RC)

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