Orient Securities: Maintains a "buy" rating on Tencent Holdings (00700.HK) with a target price of 588.53 Hong Kong dollars.

According to the APP of Wise Finance, Oriental Securities released a research report stating that it is expected that the growth rate of Tencent Holdings (00700.HK) in games and financial technology enterprise services will accelerate. It is expected that top games such as "Kingdom of Locke" and "Little People's Kingdom" will contribute to a 26-year increase in value. The forecasted IFRS net profit attributable to the parent company for 2026-2028 is 253.8 / 283.7 / 322.9 billion yuan (the original values for 2026-2027 were 241.6 / 281.9 billion yuan, as the bank adjusted the profit forecast according to financial reports adjustments in revenue, gross profit margin, and expense ratios assumptions). Using SOTP valuation, a corresponding target price of HKD 588.53 (HKD/RMB=0.87) is given, maintaining a "buy" rating.