$JD.com(JD)$ UBS has raised it

UBS has raised its target price for Tencent from 483 HKD to 580 HKD, equivalent to a dynamic P/E ratio of 1 times. In addition to Tencent, it also increased its target price for JD.com, raising the US stock target price from $43 per share to $64 per share, and the H-share target price from 168 HKD per share to 250 HKD per share. Bank of America raised its target price for BYD to 340 HKD per share, and J.P. Morgan raised Anta's target price to 144 HKD per share. Goldman Sachs raised its target price for HKEX to 397 HKD per share.

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It seems that recently many major banks are raising their target prices for Chinese assets. However, considering that major banks usually start by being bullish to drive up prices and then sell their holdings, one should take these banks' words with a grain of caution. The key to investing is to rely on one's own judgment!

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