Morgan Stanley expects that Tencent's stock price will rise in the next 60 days, as the recent pullback has made the short-term valuation more attractive. Morgan Stanley believes that the market has overreacted to the draft regulations on online games, and sees short-term catalysts including potential relaxation of regulations, strong performance of "Dream Star" and the launch of major games, as well as a turnaround in MOBA revenue.
"Dolphin Research: Maintains 'Overweight' rating on TENCENT, with a target price of HKD 430." Link
"Goldman Sachs: Initiates 'Buy' rating on NIO, with a target price of HKD 206." Link
"UBS: Lowers target price for Taiwan Semiconductor." Link
"Bank of America analyst: Amazon's advertising business is expected to boost stock price by 12%." Link
"Standard Chartered: Chinese stock market valuation is extremely low, optimistic about non-essential goods and technology sectors." Link
"Guosen Securities: Maintains 'Buy' rating on TENCENT, focusing on the pace of new game launches and market performance." Link
"Piper Sandler downgrades Apple from 'Overweight' to 'Neutral', with a target price of USD 205." Link