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Melco International Development Ltd

Melco International Development Limited, through its subsidiaries, operates investment banking, financial services, technology, fine-dining, leisure and tourism, property investment, and investment businesses.

Industry: Holding Companies-Divers

Ticker Exchange ISIN Name
$200 HKEx Main Board HK0200030994 Code: 200

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Stephen Dixon 15:41 20/10/2020

$700 HSBC Global Research in its report restated #Buy on TENCENT at the target price $687, added from $655

While the tech giant will report its 3Q20 results on 12 November, the broker expected the top-line growth of 28%, non-GAAP OP growth of 39% and non-GAAP EPS of RMB3.548.

The broker opined that the rising focus on Tenpay’s valuation may drive TENCENT's fintech value to nearly US$200 billion, roughly 23% of its SOTP.