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<Research>Nomura Expects TENCENT (00700.HK) 4Q Rev. to Grow 12% YoY, Reiterates Buy Rating
Recommend 4 Positive 9 Negative 6 |
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Nomura released a research report expecting TENCENT (00700.HK)'s 4Q25 revenue to hike by 12% YoY to RMB193.5 billion, broadly in line with market consensus. The broker also anticipated TENCENT's non-IFRS net profit to grow by 15% YoY to RMB63.9 billion, 3% lower than the latest market forecast. Due to a 4.2 ppts increase in gross margin, the non-IFRS operating profit margin is expected to rise by 0.7 ppts to 35.2%. Nomura further projected that the operating profit margin for FY2026 will remain around 37.2%. Therefore, Nomura kept rating at Buy on TENCENT, with a target price of $775. AASTOCKS Financial News Website: www.aastocks.com |
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