＜Research＞G Sachs Adds TENCENT to, Removes KUAISHOU-W from APAC Conviction List

　　Goldman Sachs released a research report, adding TENCENT (00700.HK) -3.600 (-0.967%) Short selling $634.85M; Ratio 11.308% to the APAC Conviction List, while removing KUAISHOU-W (01024.HK) -0.450 (-0.975%) Short selling $63.90M; Ratio 12.528% .

　　The broker explained that TENCENT's profit will achieve sustainable growth of 20% or more, on the back of the growth in advertising market share brought about by new games and upgraded advertising technology.

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　　The broker also believed that TENCENT's re-acceleration in high quality and high margin revenue streams is not reflected in consensus expectations nor valuations.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-02 12:25.)

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