UBS: Raises Tencent Holdings (00700.HK) target price to HK$710, maintains "buy" rating.

According to the Wisdom Finance app, UBS released a research report stating that it has raised the target price of Tencent Holdings (00700.HK) from 700 Hong Kong dollars to 710 Hong Kong dollars, an increase of 1.4%, and maintained a "buy" investment rating. UBS pointed out that Tencent's first-quarter performance exceeded expectations, and the bank raised Tencent's earnings forecast for 2025-2027 by 1-2% per share, higher than market consensus.