by winston » Mon Jan 11, 2016 8:29 pm
not vested
G Sachs Cuts TENCENT's TP to $193; Remained Top Pick of Mainland Internet Stocks
Goldman Sachs, in its report, said the change of fundamentals of mainland internet stocks is limited.
However, considering the factor of weak RMB, the research house lowered the target price of the mainland internet stocks, including TENCENT (00700.HK) -4.600 (-3.226%) Short selling $637.32M; Ratio 20.505% , with target price cut to $193 from $202 and rating kept at Buy.
It also reiterated TENCENT to be Conviction Buy.
The research house said TENCENT remains the top pick of the industry, yet lowered its EPS forecast for 2016 and 2017 by 3% and 5% respectively.
It also suggested other mainland internet stocks at Buy, including Alibaba, Baidu and Netease etc.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"