China's Internet giant Tencent's stock price rose sharply on Thursday (March 23).Analysts welcomed the improvement of the company's income in the fourth quarter of 2022 and increased the target price of the stock.
Tencent's stock price rose all the way after the opening on Thursday, as of the close of the closing to 375.60 Hong Kong dollars (Same, S $ 63.49), rose by 8.18%.
According to the Wall Street Journal, Tencent announced on Wednesday (22nd) that the net profit increased by 12%in the fourth quarter of 2022, and revenue increased by 1%, turning the revenue decline in two consecutive quarters of 2022 in 2022 consecutive quarters.The situation.
After Tencent announced its financial report, Citi Analysts headed by Alician Ye (translated, Alicia YAP) said in a research report that Tencent ended in a steady improvement momentum of 2022.Citigraphy has adjusted the target price of the stock from HK $ 496 to HK $ 520, while maintaining the buying rating of the stock.
Jefferies analysts led by Thomas CHONG (translated name, Thomas Chong) also held the same optimism. They transferred Tencent's stock target price from HK $ 456 to HK $ 460 to maintain the stock of the stock.constant.
