M N 15 Apr 2024 CMB International Global Markets | Equity Research | Company Update Tencent (700 HK) Expect solid earnings growth and enhancing shareholder return in FY24 Target Price HK$445.00 Tencent remains on track of margins expansion, underpinned by increased (Previous TP HK$450.50) revenue contribution from high-margin businesses and operating leverage. The Up/Downside 43.7% company is also committed to enhancing shareholder return, with daily share Current Price HK$309.60 repurchase amount reaching ...