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<Research>G Sachs Envisions TENCENT's 1Q25 EPS to Grow 20% YoY; Rating Kept Buy
Recommend 9 Positive 17 Negative 6 |
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According to a report from Goldman Sachs, TENCENT (00700.HK) will announce its 1Q25 results in mid-May, and investors are expected to focus on the progress of ad tech-driven marketing services revenue growth, the sustainability of gaming business growth in 2H, the outlook for fintech business growth, as well as the development and eventual profitability of AI agents. Goldman Sachs currently forecasts TENCENT's 1Q results to be positive, with revenue and EPS surging by 10% and 20% YoY, respectively. Because of rapid expansion in high-margin businesses such as advertising and gaming, as well as the benefits of operating leverage, earnings are expected to grow faster than revenue. Goldman Sachs kept a Buy rating and target price of $590 for TENCENT, emphasizing that the company remains one of its top buy recommendations in China's internet sector. AAStocks Financial News |
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