Tencent 0700 03 (Aug 18 - Dec 20)

Re: Tencent 0700 03 (Aug 18 - Dec 20)

Postby winston » Tue Dec 03, 2019 4:06 pm

not vested

<Research Report>BNP Paribas Sees TENCENT (00700.HK) 2019 Revenue to Grow 20% YoY, TP Kept at $460

BNP Paribas kept TENCENT (00700.HK)'s target price at $460 along with a Buy rating.

The giant is expected to record revenue growth of 20% YoY this year (vs 25% in FY18), together with adjusted OPM rise of 25.4% YoY (vs 23.9% in FY18), and net profit increment of 18% YoY (vs 26% in FY18).

Tencent's FY20 revenue growth will likely accelerate to 25%, given contributions from PUBG Mobile and other new titles, the broker added.

Source: AStocks Financial News
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