HSBC: Tencent Holdings (00700.HK) third-quarter performance strong target price of HK$685 Rating "Buy"

Zhtng Cijng APP hu x, Mgn Dtng fb ynbo chng, Tngxn Kngg (00700.HK) d sn j yj qingjng, shur j jng tioji mi g yngl fnbi b shchng yq go 2% j 7%. Jng tioji yngy ly j jngly jn tngb shng 18%, b shur zngzhng go 3 g bifndin. Lng y fngmin, q ni zbn kixio nq j xijing 32% zh 130 y yun rnmnb, gohng rnwi jingsh gunlcng xyo zhngdin shumng de gunjin, yq gji dunq yu zhnfn yngxing, xin y mbioji 685 Hngyun j zngch pngj. According to the Wise Finance APP, JPMorgan released a research report stating that Tencent Holdings (00700.HK) had a strong third quarter performance, with revenue and adjusted earnings per share exceeding market expectations by 2% and 7% respectively. Adjusted operating profit and net profit both increased by 18% year-on-year, 3 percentage points higher than revenue growth. On the other hand, capital expenditures in the quarter decreased by 32% to 13 billion RMB, which the bank believes will be a key point for management to explain. They expect a positive short-term response in the stock price, with a target price of 685 Hong Kong dollars and a "buy" rating.