Rating Quick Look | Apple's rating has been downgraded again! TENCENT "increases holdings" and expects the stock price to rise in the next 60 days!
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Morgan Stanley expects that Tencent's stock price will rise in the next 60 days, as the recent pullback has made the short-term valuation more attractive. Morgan Stanley believes that the market has overreacted to the draft regulations on online games, and sees short-term catalysts including potential relaxation of regulations, strong performance of "Dream Star" and the launch of major games, as well as a turnaround in MOBA revenue.
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