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Macquarie Sees Limited ST Profit Upside for TENCENT (00700.HK), Chops TP to $559
2026-03-19 15:21:12
TENCENT (00700.HK) delivered healthy 4Q25 results, supported by Video Accounts and a resilient game portfolio, according to Macquarie's research report. During the period, revenue and adjusted net profit grew by 13% and 17% YoY each.

Macquarie lowered its 2026/ 2027 adjusted EPS forecasts for TENCENT by 1%/ 3% respectively, and chopped its target price from $569 to $559, with rating kept at Neutral.

The broker believed that there is limited short-term profit upside, and expected its share price to remain range-bound until substantial breakthroughs in AI-led initiatives are achieved.
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AASTOCKS Financial News
Website: www.aastocks.com