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<Research>BOCI Elevates TENCENT's TP to HKD634; Rating Reiterated at Buy
Recommend 15 Positive 30 Negative 15 |
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According to a report from BOCI, TENCENT (00700.HK)'s 1Q25 results exceeded expectations with a revenue growth of 13% YoY, 3% higher than both the broker's and the market's expectations. In BOCI's opinion, TENCENT's accelerated investment in AI and its gradual monetization are forming a virtuous cycle for business development, enhancing operational efficiency, and continuously expanding gross margins. The broker expected the company to capture sustainable opportunities brought by AI in content generation, distribution, and commercialization. BOCI reiterated a Buy rating on TENCENT and raised its target price to HKD634. AAStocks Financial News |
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