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Morgan Stanley Affirms Tencent as Prime Choice, Elevates Target Price to HK$650
5 day ago /
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Author：小编
In a recently issued report, Morgan Stanley forecasted a steady rise in Tencent's revenue and earnings for the second quarter, with an anticipated 11% growth in revenue and a 14% increase in operating profit. Although margin expansion has slowed due to heightened investments in AI, the overall profit margin is projected to maintain an upward trajectory. Consequently, the investment bank reaffirmed its 'Overweight' rating for Tencent and upped its target price from HK$630 to HK$650.
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