Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CMBI Elevates TENCENT (00700.HK) TP to $760, Upbeat on LT AI Opportunities
Recommend 7 Positive 8 Negative 1 |
||||
|
||||
|
TENCENT (00700.HK)'s 3Q25 total revenue increased by 15% YoY to RMB192.9 billion, 2%/ 4% ahead of market consensus/ CMBI's estimation respectively, primarily driven by a solid 23% YoY incline in game revenue, CMBI released a research report saying. Given its diverse application scenarios and large user base, the broker remained optimistic about TENCENT's long-term opportunities in the AI sector. The valuation window was extended to FY2026. Therefore, CMBI elevated its target price to $760 from $705, based on a sum-of-the-parts (SOTP) valuation method, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
