Huaxing Securities issued a report saying that Tencent's high-quality revenue growth in the first quarter led to higher net profit than expected, game traffic in the local market regained growth, and Supercell's games also boosted the growth of game revenue in the international market. Meanwhile, the strong rise in advertising revenue once again shows that WeChat is of great value to advertisers, so Tencent's “buy” rating was reaffirmed, and the target price was raised from HK$430 to HK$460. Huaxing Securities expects Tencent to maintain healthy revenue and profit margin performance for the rest of the year. It is expected that this year's revenue and earnings per share will increase by 8% and 27%, respectively.