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汇丰研究：上调腾讯控股目标价至500港元 重申买入评级

HSBC Research: raise Tencent's target price to HK $500,000 to reaffirm his buying rating

Moomoo 24/7 ·  Sep 23, 2022 03:38
HSBC released a research report pointing out that the growth of short video users has slowed down, but there is still room for monetization, and Tencent's video account is expected to generate 41 billion yuan in advertising revenue in 2024. The bank is bullish on Tencent and BABA, both of whom have buy ratings. The bank expects pressure on traditional ecommerce platforms to ease as user growth and the time it takes have almost reached their limits. Monetization opportunities for video accounts are expected to be difficult to materialize in the next year or two, but will improve investor sentiment and help its long-term growth and profitability, raising Tencent's target price from HK $495 to HK $500, the report said. In addition, the bank also believes that although BABA's market share in the mainland GMV may not stop losing in the next two years, the range will narrow, so it will bring potential upside space to maintain the target price of US $145 for Ali US stocks.
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