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Haitong International Boosts Tencent Holdings' Third Quarter and Full-Year Operating Profit Forecasts, Lifts Target Price to HK$700
2025-08-19 /
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Author：小编
Tencent's adjusted operating profit surged 1.3 percentage points year-on-year to reach 37.5%, meeting market expectations. Furthermore, its adjusted operating profit margin, after accounting for other profits and losses, exceeded expectations by 2 percentage points. Consequently, Haitong International has revised upwards Tencent's target price from HK$620 to HK$700, assigning it an outperform rating. Additionally, the brokerage firm has increased its forecasts for Tencent's third-quarter and full-year operating profits by 10% and 6%, respectively, projecting year-on-year growth rates of 22% and 21%.
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