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<Research>Nomura Expects TENCENT (00700.HK) 2Q Rev. to Grow 10% YoY
Recommend 17 Positive 26 Negative 11 |
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Nomura released a research report estimating TENCENT (00700.HK)'s 2Q25 revenue to be RMB177 billion, up 10% YoY, slightly below market consensus by 1%. Of which, online advertising revenue is expected to grow by 18% YoY, primarily driven by video account ads, which may account for a quarter of the advertising segment. Fintech and business services revenue is projected to hike by 5%, while online game revenue is anticipated to increase by 15% YoY. Therefore, Nomura kept rating at Buy on TENCENT, with a target price of $670. AASTOCKS Financial News Website: www.aastocks.com |
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