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<Research>G Sachs Adds WEIMOB INC (02013.HK) TP to $2.7 as Uncertainties Remain in Short Term
Recommend 30 Positive 73 Negative 24 |
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WEIMOB INC (02013.HK)'s share price rallied over the past 2 days after TENCENT (00700.HK) announced that Weixin has officially launched the grey box testing of its “Gifting” feature on WeChat Mini Shops since 19 December, Goldman Sachs released a research report saying. The broker believed that, as the largest third-party merchant service provider on WeChat, WEIMOB INC will benefit from the potential expansion of WeChat Mini Shops' merchant base if WeChat Mini Shops is able to attract more merchants and provide more GMV or consumer opportunities. Therefore, Goldman Sachs added its target price for the Group from $2.5 to $2.7, and kept rating at Neutral, believing that uncertainties remain for the Group in the near term. AAStocks Financial News |
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