Citigroup projects resilient second-quarter performance for Tencent Holdings (0700.HK), prompting a target price increase to HK$699. The investment firm maintains its Buy recommendation, citing confidence in the tech giant's operational strength. This upward adjustment reflects optimism about Tencent's core business segments and growth trajectory amid evolving market conditions. The revised valuation underscores Citigroup's positive stance on the company's strategic positioning and execution capabilities.
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