JPMorgan reiterated its Overweight rating on Tencent Holdings and maintained a target price of HKD 690.
According to NS3.AI, the bank cut its 2026 non-IFRS earnings per share forecast by 5% to RMB 28.47.
JPMorgan also raised its 2026 capital expenditure forecast for Tencent to RMB 200 billion.
STOCKS | JPMorgan Reiterates Overweight on Tencent With HKD 690 Target Price
2026-07-14 07:23:31
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