Citic sec released a research report, bullish $TENCENT (00700.HK)$ on the potential for continuous profitability release, forecasting revenue of 167.5 billion yuan in 3Q24 (+8.3% year-on-year), achieving a Non-IFRS net income of 53 billion yuan (+18.0% year-on-year), performance will maintain a high-quality growth trend, maintaining a "buy" rating.

Furthermore, the bank expects Tencent to continue its high-quality growth mode, accompanied by the rapid development of high gross margin businesses such as Video Number, Mini Games, and Search Advertising. The commercialization capability of games is improving, bringing a multiplier effect of ai, and continuous cost reduction and efficiency improvement. The company will continue its high-quality growth model.