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Gaming for change

General - 17 December 2020

For investors in Tencent (or Prosus or Naspers for that matter) Ingham Analytics latest note on Tencent entitled “Gaming for change” will be of interest. They have upped their earnings forecast and say that games revenue is a strong driver. Product pipeline is robust as this internet giant continues to innovate. However, they do caution that the rating is looking stretched.

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