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<Research>Jefferies Lifts TENCENT's TP to HKD794 on Solid Execution Capabilities
Recommend 13 Positive 33 Negative 11 |
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Jefferies published a report reiterating TENCENT (00700.HK) as its top pick for 2026, with AI expected to be a growth catalyst across its business sectors. According to the report, TENCENT continues to pursue the creation of top-tier game titles, while its 3Q25 online game portfolio strategy is driving growth. The broker expects its game Delta Force, which achieved another milestone in daily active users in September 2025, to become another evergreen title. TENCENT's rating has been kept as Buy, with a target price lifted from HKD706 to HKD794. AAStocks Financial News |
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