GLONGHUI, May 20 | Dahua Jixian released a report stating that Tencent's first-quarter revenue increased 6.3% year-on-year to 159.5 billion yuan, in line with market expectations; gross margin expanded by 7 points to 52.6% year-on-year, better than market expectations; non-IFRS operating profit recovered to 58.6 billion yuan, and the non-IFRS operating margin rose to 36.8%, higher than this forecast; non-IFRS profit increased 54.5% year-on-year, exceeding market expectations by 17%, mainly due to improved revenue structure. The bank maintained its “buy” rating on Tencent, and the target price increased slightly from HK$452 to HK$454.
大行评级｜大华继显：微升腾讯目标价至454港元 维持“买入”评级
Big Bank Rating | Dahua Jixian: Raise Tencent's target price slightly to HK$454 to maintain a “buy” rating
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.