[ET Net News Agency, 14 January 2025] Citi lowered the target price for Tencent (00700) to HKD563 from HKD573 and maintained the "buy" rating.
The research house said it tweaks 4Q24 total revs/adj. NP by -1.1%/-3.5% to reflect slower growth of social network and community revs due to ongoing overhang from regulatory headwind and applying more conservative assumption for fintech and business services revs growth. (rc)
The research house said it tweaks 4Q24 total revs/adj. NP by -1.1%/-3.5% to reflect slower growth of social network and community revs due to ongoing overhang from regulatory headwind and applying more conservative assumption for fintech and business services revs growth. (rc)