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62427 BP#HSI RP2812S (R BEAR)
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20/03/2025 14:58

{I-bank focus}HSBC raises Tencent (00700) to HKD630

[ET Net News Agency, 20 March 2025] HSBC Global Research raised the target price for
Tencent (00700) to HKD630 from HKD610 and maintained the "buy" rating.
The research house said it raises FY25 capex commitment assumption to RMB90bn (vs
RMB77bn in 2024) as Tencent steps up investment in AI to grow core business. (rc)

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