It is reported that Fu Rui issued a research report saying that to maintain$TENCENT (00700.HK)$According to its "Buy" rating, its total revenue in the fourth quarter of last year is expected to rise 0.5 per cent year-on-year to 144.9 billion yuan, while non-International Financial Accounting Standards (non-IFRS) profits may rise 19 per cent year-on-year to 29.5 billion yuan, with the target price raised from HK $450,453, reflecting recent industry developments.

The bank reiterated its positive outlook for the recovery of different business sectors of the company this year, in which video accounts may be able to achieve its goals on track, overall online advertising will be able to achieve year-on-year growth, and the performance of the international game business is expected to outperform local games in the mainland.

Edit / phoebe