$SoFi Technologies Inc.(SOFI)$

$SoFi Technologies Inc.(SOFI)$ UBS said their top pick in china is Tencent this year. UBS believed that TENCENT stands out on 2 fronts, naming closed-loop advertising within the Weixin ecosystem, with more merchants recognizing the value of better conversion rates and higher customer lifetime value, and video accounts whose momentum is still very strong. Macquarie Resumes Coverage on TENCENT (00700.HK) with Rating Outperform, TP $455. They believe it will almost double in price in 2024 and one of the companies in china that will perform well.

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