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<Research>JPM: TENCENT (00700.HK) Results Reflect AI's Concrete Commercial Value; TP $750/ Rating Overweight
Recommend 15 Positive 28 Negative 11 |
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JPMorgan issued a research report anticipating that TENCENT (00700.HK)'s 4Q25 results will lead to a more positive investor view. The broker believed that the key message from the results is not only the still solid core business, but also the concrete commercial value AI has demonstrated in advertising, game and cloud businesses, meanwhile the Group continued to benefit from improving business mix and resilient cash flow. Overall, instead of driving short-term profit forecast higher, JPMorgan believed that the results do more to enhance confidence in the Company's long-term prospects. Therefore, the broker now rated TENCENT at Overweight, with a target price of $750. AASTOCKS Financial News Website: www.aastocks.com |
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