Tencent replaced Alibaba to become top pick, rating maintained at Overweights – Morgan Stanley

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

Morgan Stanley expected Tencent's natural growth in profit margins to be sustainable, with steady growth in its video account advertising business and potential to boost shareholder returns.

The bank maintained an Overweight rating on Tencent stocks, with a target price of HK$430, reflecting 15x core P/E ratio for next year.

Tencent also replaced Alibaba to become the . . .

Sign In or Subscribe To Get Full Access. 

 

KNOW IT NOW, NOT LATER.

We Are Live On THE WIRE Every Trading Day.

Comprehensive China market updates in real time for only $0.6 per day. Join Us Now!

 

Try For Free