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<Research>Citi Opens 90-day Positive Catalyst Watch on TENCENT (00700.HK), Elevates TP to $648
Recommend 7 Positive 24 Negative 5 |
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Citi Research issued a research report opening a 90-day positive catalyst watch on TENCENT (00700.HK), and elevating its target price from $563 to $648, with rating at Buy. DeepSeek accelerated the adoption of strengthened WeChat ecosystem and CSIG. The broker believed that the Company's capital expenditure outlook will be optimistic, and WeChat may be transformed into an AI super app of China. With TENCENT-developed LLM “Yuanbao” climbing from No. 12 on productivity download table as of 1 February to No. 2 since 23 February, surpassing ByteDance's Doubao and only behind DeepSeek, according to the report. AAStocks Financial News |
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