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Deutsche Trims TENCENT 2018E EPS by 8%; Expects Mid-to-long Term Gross Profit in Stronger Recovery
Deutsche Bank stated in its report that TENCENT(00700.HK)  -23.600 (-5.102%)    Short selling $1.19B; Ratio 6.519%   's 4Q17 revenue missed estimates mainly attributable to the gaming business not up to standard, for which the estimated non-GAAP EPS in 2018 was lowered by 8%, while accelerated mid-to-long term margin recovery was expected.

The broker reiterated TENCENT Buy at the target price kept at $496.

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