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| HSI1 | 25,893.54 | +141.14 | 246.32B |
| HSCEI1 | 8,655.04 | +43.21 | 75.28B |
| Back Zoom + Zoom - Block Traded | |
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2026-04-08 15:20:19 According to a report from HSBC Research, while market concerns over the monetization potential of AI technology on the consumer side have intensified, the broker's analysis indicates that TENCENT (00700.HK) and BABA-W (09988.HK) still have revenue upside of 8-11%. Considering that the growing token demand requires substantial computing power support, HSBC Research prefers platform operators that possess both computing capabilities and proprietary models rather than pure model companies. It has kept a Buy rating on Alibaba (BABA.US) and TENCENT. HSBC Research has also initiated coverage on KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK). While the broker is positive on the model capabilities of both companies, their heavy reliance on cloud service providers for computing resources could pose revenue and rising cost risks if cloud providers prioritize computing capacity for internal use or raise prices, and they fail to secure diversified chip supplies. The broker has rated KNOWLEDGE ATLAS MINIMAX-W as Hold, with target prices of HKD1,000 and HKD920, respectively. Stock｜Investment Rating｜Target Price (HKD) TENCENT (00700.HK)｜Buy｜750 Alibaba (BABA.US)｜Buy｜USD180 KNOWLEDGE ATLAS (02513.HK)｜Hold｜920 MINIMAX-W (00100.HK)｜Hold｜1,000 ~ AAStocks Financial News Web Site: www.aastocks.com | |