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27141 SGTENCT@EP2506A (PUT)
RT Nominal down0.090 -0.016 (-15.094%)

14/01/2025 15:11

{I-bank focus}Citi lowers Tencent (00700) to HKD563

[ET Net News Agency, 14 January 2025] Citi lowered the target price for Tencent (00700)
to HKD563 from HKD573 and maintained the "buy" rating.
The research house said it tweaks 4Q24 total revs/adj. NP by -1.1%/-3.5% to reflect
slower growth of social network and community revs due to ongoing overhang from regulatory
headwind and applying more conservative assumption for fintech and business services revs
growth. (rc)

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