Analyst at OCBC Bank in Singapore wrote in a report that despite TENCENT recently being listed by the Pentagon, its overall Business fundamentals and growth prospects remain intact. However, this news may indicate escalating geopolitical tensions, and the stock price may come under pressure before the situation clarifies further. TENCENT's main businesses are value-added services and online advertising, both of which remain positive in the long term. The recent drop in stock price may be an overreaction, providing a long-term accumulation (growth) opportunity. OCBC Bank maintains a Buy rating on TENCENT Holdings (00700.HK), with a fair stock price of 560 HKD.
华侨银行:腾讯近期遭抛可能是过度反应,公允股价560港元
OCBC Bank: The recent sell-off of TENCENT may be an overreaction, with a fair stock price of 560 Hong Kong dollars.
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