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<Research>HSBC Research More Positive on AI, Likes TENCENT/ BABA/ NTES/ KUAISHOU
Recommend 51 Positive 85 Negative 30 |
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HSBC Global Research issued a research report holding a more positive view on AI, but maintaining a constructive stance on games. The broker was optimistic about TENCENT (00700.HK) due to its resilience in the game business and the sustainable growth AI brings to its advertising business. HSBC Global Research believed that BABA-W (09988.HK) has potential upside in AI and its synergy with e-commerce. Therefore, the broker elevated its target price for BABA-W's US stock from US$160 to US$190 based on a more positive cloud computing outlook and changes in debt ratio. HSBC Global Research also elevated its target price for NetEase (NTES.US) from US$157 to US$175 to reflect better prospects in the PC gamebusiness. TENCENT remains a core holding for investors, while southbound investors turned more positive on BABA-W, according to the report. Moreover, the broker believed that KUAISHOU-W (01024.HK)'s AI potential is not yet fully reflected in its stock price, and investors also preferred KUAISHOU-W (01024.HK) and NTES-S (09999.HK). HSBC Global Research was optimistic about TENCENT, BABA-W, NTES-S and KUAISHOU-W, all of which are rated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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