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| HSI1 | 26,403.71 | +243.38 | 202.68B |
| HSCEI1 | 8,916.85 | +71.83 | 64.99B |
| Back Zoom + Zoom - Block Traded | |
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2026-04-20 12:42:31 Citi Research issued a research report expecting that TENCENT (00700.HK) will release its 1Q26 results on 13 May. The broker estimated TENCENT's 1Q26 game and advertising businesses to be solid, and forecasted total revenue for the period to increase 9.9% YoY to RMB197.9 billion. Non-GAAP net profit is also projected to rise 9.7% YoY to RMB67.2 billion, broadly in line with market consensus. Benefiting from Lunar New Year (LNY) seasonality and stable performance of evergreen games, overall online game revenue is predicted to grow 11.7% YoY to RMB66.4 billion, with domestic/ international game revenues increasing 10%/ 16% YoY respectively. Therefore, Citi Research trimmed its target price for TENCENT from $787 to $783, and considered the current valuation attractive, with rating reiterated at Buy. The broker also believed that Hunyuan 3.0 and WeChat AI agents will help consolidate TENCENT's AI positioning. ~ AASTOCKS Financial News Website: www.aastocks.com | |