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Da Hang Ratings | CMB International: Tencent Q1 Results Surpass Expectations, Target Price Hiked to HK$660
2025-05-16 /
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Author：小编
Tencent Holdings has delivered impressive first-quarter 2025 results, surpassing all expectations. Revenue surged 13% year-on-year, while Non-IFRS net profit jumped 22%, primarily fueled by robust contributions from gaming and advertising segments. In light of these outstanding results, CMB International has revised upwards its profit forecasts for Tencent spanning from 2025 to 2027. Consequently, the target price has been increased to HK$660, with the 'Buy' rating reaffirmed. The firm remains optimistic about the potential uplift in Tencent's business prospects driven by advancements in AI.
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