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2009-7-3 04:13:00 p.m. HKT, XFNA
DJ MARKET TALK: Taifook Stays Positive On Tencent; Eyes HK$93.50
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| 1600 [Dow Jones] Taifook remains positive on Tencent (0700.HK) as house expects company to sustain strong revenue growth after posting impressive results in 1Q09. "There remains ample room for growth in China's burgeoning Internet population," it says. Adds, possible A-share listing in future may provide catalyst for further upside to valuation. Rates stock at Hold, target at HK$93.50. Stock down 1.1% at HK$88.60.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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