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Macquarie: Maintains 'outperform' rating on Tencent Holdings, target price lowered to HKD 560
On January 16, Jinshi Data reported that Morgan Stanley released a research report stating that it has given Tencent Holdings (00700.HK) an "outperform" rating, adjusting its profit forecasts for the fiscal years 2024 and 2025 by 0% and -1%, respectively, higher than market expectations by 2% and 6%. At the same time, its H-share target price was slightly lowered from HKD 562 to HKD 560.