Tencent Will Continue to Focus on Producing High Quality Content in 2025 -- Market Talk

Dow Jones

2025/01/06

0354 GMT - Tencent will continue to focus on producing high quality content and cut the quantity of dramatic video content in 2025, Citi analysts write in a note. The company aims to reallocate resources to more high quality content to strengthen its influences and cultivate industry growth, they add. Tencent's management team highlighted its video profitability further improved last year after turning profitable in 2023, they say. Citi reiterates its buy rating for the stock given its positive strategic direction with a target price of HK$573.00. Shares were last at HK$408.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 05, 2025 22:54 ET (03:54 GMT)

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The company aims to reallocate resources to more high quality content to strengthen its influences and cultivate industry growth, they add. Tencent's management team highlighted its video profitability further improved last year after turning profitable in 2023, they say. Citi reiterates its buy rating for the stock given its positive strategic direction with a target price of HK$573.00. Shares were last at HK$408.40. 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The company aims to reallocate resources to more high quality content to strengthen its influences and cultivate industry growth, they add. Tencent's management team highlighted its video profitability further improved last year after turning profitable in 2023, they say. Citi reiterates its buy rating for the stock given its positive strategic direction with a target price of HK$573.00. Shares were last at HK$408.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2025 22:54 ET (03:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}