Yamato: Reiterate a "buy" rating on Tencent Holdings (00700.HK), bullish on international game expansion.

According to the Zhidao Finance APP, Daiwa released a research report stating that it reiterates a "buy" rating on Tencent Holdings (00700.HK) with a target price of 750 Hong Kong dollars, corresponding to a forecasted P/E ratio of 20.6 times in 2026. Daiwa believes that the major potential downside risk at present is the game performance falling short of expectations.