Yamato: Tencent Holdings (00700.HK) stable performance in the third quarter, reaffirming "buy" rating with a target price of 750 Hong Kong dollars.

According to the Wisdom Financial APP, Daiwa released a research report stating that Tencent Holdings (00700.HK) had a steady performance in the third quarter, with revenue 2% higher than market expectations due to better-than-expected game and advertising revenue. In response to the increase in research and development costs, the bank has lowered its earnings per share forecast for 2026 to 2027 by 2%; reiterating a "buy" rating with a target price of 750 Hong Kong dollars.