UOB Kay Hian analysts Julia Pan and Oong Chun Sung have maintained their “buy” call and increased their target price on Tencent Holdings to HK$588 ($101.30), up from their previous figure of HK$535. 

In a Sept 9 report, the analysts note that Tencent has rebounded almost 25% since its low in August 2021. According to them, this means that the impact of the regulatory changes has been priced in at the current stage. 

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