50freespinsnodepositbookofdead| Lyon: Maintain Tencent's "Buy" rating target price of HK$440

Lyon released a research report saying50freespinsnodepositbookofdead, maintains Tencent's (00700)"Buy" rating and believes that the company can maintain a three-year compound growth of 15% to 20%, with a total yield of 5%, and a target price of HK$440.

The report pointed out that due to the decline in domestic game revenue, Tencent's revenue growth in the first quarter is expected to slow to 5.5%.50freespinsnodepositbookofdead.9%, recording 158.9 billion yuan. However, it is expected that adjusted interest and net profit may maintain a healthy year-on-year growth of 15.6% to RMB 53.2 billion.

The bank expects that with the stable performance of Tencent's top two game revenue, the accelerated monetization of second-tier games and the launch of new games such as "DNF" mobile games, it believes that online game revenue will resume growth in the second quarter. As for overseas game revenue that has rebounded, Supercell's new game "Squad"

Busters will be released this month.