Haitong International: Tencent Holdings (00700) expects adjusted operating profit for the second quarter to increase by 15% year-on-year, maintaining an "outperform market" rating.

Wisdom Financial APP learned that Haitong International has released a research report stating that Tencent Holdings (00700) will announce its second quarter performance, which is expected to roughly meet market expectations. The forecast maintains second quarter revenue growth of 11% year-on-year to 179 billion RMB, similar to market expectations; the non-International Financial Reporting Standards operating profit forecast remains at 67 billion RMB, which is a 15% year-on-year increase, slightly lower than market expectations. It maintains the target price of 620 Hong Kong dollars and an outperform rating, optimistic about its competitive advantage in AI and other fields.