The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Tencent Holdings (00700.HK). The target price is HK$755, which has room for an increase of 95.4% from the closing price on October 26. The bank believes that the upcoming 2026 Global Digital Ecosystem Conference may become a potential catalyst for the company's stock price. The company may announce the official version of Hy4.0, share WorkBuddy's operating milestones, and update Tencent Cloud infrastructure upgrades and global cloud expansion strategies.

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