Sealand Securities: maintain Tencent's purchase rating target price of HK $437
According to Sealand Securities, the revenue of FY2022-24 is expected to be 566 / 629 / 699.9 billion yuan, the net profit attributable to the parent company is 130.5/161.1/189.1 billion yuan (the NON-IFRS caliber is 1156/130.1/150.8 billion yuan), the target market value is 3.62 trillion yuan, and the target price is 437 Hong Kong dollars.
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