---
title: "CICC: Maintains Tencent's \"Outperform\" rating with a target price of HKD 468"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216392948.md"
description: "CICC released a research report stating that it maintains a \"outperform\" rating on Tencent Holdings. The revenue forecast for 2024/2025 remains unchanged. Due to the impact of macro factors on revenue structure, the Non-IFRS net profit for 2024/2025 has been lowered by 2.5% and 3.4% to RMB 218 billion/RMB 249.1 billion respectively, with a target price of HKD 468. The bank has updated its tracking of Tencent, expecting the company's gaming business to show rapid growth in the second half of the year, while maintaining high-quality profit margin improvement and active shareholder returns"
datetime: "2024-10-10T02:23:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216392948.md)
  - [en](https://longbridge.com/en/news/216392948.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216392948.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/216392948.md) | [繁體中文](https://longbridge.com/zh-HK/news/216392948.md)


# CICC: Maintains Tencent's "Outperform" rating with a target price of HKD 468

CICC released a research report stating that it maintains a "outperform" rating on Tencent Holdings. The revenue forecast for 2024/2025 remains unchanged. Due to the impact of macro factors on revenue structure, the Non-IFRS net profit for 2024/2025 has been lowered by 2.5% and 3.4% to RMB 218 billion/RMB 249.1 billion respectively, with a target price of HKD 468. The bank has updated its tracking of Tencent, expecting the company's gaming business to show rapid growth in the second half of the year, while maintaining high-quality profit margin improvement and active shareholder returns

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