Da Mo: maintain Tencent Holdings' overweight rating target price of HK $650
Financial Associated Press, Oct. 8 (Xinhua) -- according to a research report released by Damo, Tencent holdings maintains its "overweight" rating with a target price of HK $650, which means it is the first choice in the industry, and is confident in its forecast of a compound profit growth rate of 23% in 2022-25, which means that the current valuation is attractive. Based on the supervision of online games and the delay in the launch of new games, it is predicted that Tencent's annual revenue will increase by 19% and its non IFRS operating profit will increase by 15%.
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