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Hongkong Chinese Ltd

Hongkong Chinese Limited, through its subsidiaries, provides consumer finance, securities brokerage and investment, and other related financial services.

Industry: Diversified Finan Serv

Ticker Exchange ISIN Name
$655 HKEx Main Board BMG4586T1036 Code: 655

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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.