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<Research>BofAS Raises TENCENT's TP to HKD780 as AI Monetization Momentum Strengthens
Recommend 14 Positive 22 Negative 9 |
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According to a report released by BofA Securities, the broker considered TENCENT (00700.HK) to have the best investment portfolio within China's internet industry, such as AI-driven growth potential, stable competitive landscape, and shareholder returns under attractive valuation. In the AI domain, TENCENT was also viewed by the broker as a major beneficiary of AI applications and monetization in China, with potential acceleration in its advertising and cloud revenue, validating the benefits of AI technology to its core business. BofA Securities reiterated TENCENT's rating as Buy and raised its target price from HKD690 to HKD780. AAStocks Financial News |
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