Nomura: maintain Tencent's "buy" rating, reduce the target price from HK $731 to HK $698

Nomura released a research report saying that$Tencent (00700.HK) $The non-IAS net profit forecast for fiscal year 2021-22 is reduced by 5% and 9% to reflect the downward forecast of online game revenue. Online game revenue and profit are expected to increase by 12% and 13% respectively in fiscal year 2021, compared with earlier forecasts of 16% and 19%. The target price is reduced from HK $731 to HK $698, and the expected income for the second quarter is roughly in line with the forecast. The increase in investment is expected to slow earnings growth, but it is still possible to exceed market expectations. Maintain a "buy" rating.

The bank said it expects online game revenue to grow 11% in the second quarter from a year earlier, down from 15% in the first quarter, mainly due to mobile games, mainly due to base effects and a lack of focus on the release of new games during the period, and expects revenue from financial technology and cloud businesses to grow by 40% and 38% respectively in the second quarter.

Tencent closed down 7.72% at HK $490 today.

Bank of America: reiterate Microsoft Corp's "buy" rating, raising the target price from $305 to $325

Bank of America Merrill Lynch analyst Brad Sills will$Microsoft Corp (MSFT.US) $The target price was raised to $325 from $305, reiterating the buy rating.

The analyst believes the advantages of Azure and Office365 could boost fourth-quarter revenue by 2 per cent over expectations of $44.1 billion. Analysts expect Azure to continue to grow by 50 per cent as workloads continue to migrate.

As of press time, Microsoft Corp rose 0.17% to US $290.15 before trading.

Jeffery: downgrade Kuaishou Technology's "buy" rating from HK $395 to HK $326

Jeffery's research report is expected$Kuaishou Technology-W (01024.HK) $Thanks to the strong growth of online advertising and e-commerce business, total revenue in the second quarter of this year is expected to grow by 44% to 18.6 billion yuan, and online advertising revenue is expected to grow 17% to 100 billion yuan. Other income is expected to rise 130% to 1.48 billion yuan, but live broadcast revenue is expected to fall 15% to 7.1 billion yuan annually, lowering the target price by 17.5%. Give a "buy" rating.

Kuaishou Technology closed down 11.97% at HK $114 today.

Credit Suisse: to Facebook IncThe rating of "outperform the market" is raised from $400 to $480.

Credit Suisse will$Facebook Inc (FB.US) $The target price was raised from $400 to $480. Credit Suisse expects Facebook Inc to benefit from product development and a recovery in the online advertising market. He believes that the Wall Street model is too conservative and underestimates the long-term monetization potential of other 1 billion user attributes such as Messenger and WhatsApp. Although changes in Apple Inc's privacy policy may have an impact, Facebook Inc is still likely to gain a share of profits during this transitional period.

As of press time, Facebook rose 0.28% to $370.82 before trading.