Morgan Stanley raises Tencent's Hong Kong stock target price to HKD 480, optimistic about risk-return ratio

Zhitong
2024.09.26 01:03

Morgan Stanley analysts have raised Tencent's Hong Kong stock target price from HKD 450 to HKD 480, stating that the company has the best risk-return profile among Chinese internet stocks, with structural positives in the gaming business, increasing market share in segmented markets, and high profit visibility supporting the stock price

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