$TENCENT(00700)$ Morton expect

2021-09-17

$TENCENT(00700)$ Morton expects Tencent's share price to fluctuate in the next one to two quarters, but the bank expects the company's profit to accelerate in 2022, and the stability of the regulatory environment will promote the stock price performance in the next 6-12 months. To sum up, Morton maintained Tencent's (00700) overweight rating, and the target price continued to look at HK $640.

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