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<Research>Jefferies: TENCENT Achieves Solid Growth in Ads Biz in 1Q
Recommend 10 Positive 12 Negative 5 |
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Jefferies released a report highlighting key points from TENCENT's (00700.HK) investor call, including investments in AI covering training computation resources, AI talent, user acquisition, and inference; capex was estimated to advance radically compared to last year; the focus is on the Chinese market's SOTA model, with HY 3.0 being a major upgrade; proven track record showed that new investments can become profitable over time; AI has a positive impact on the gaming business, and ads revenue showed steady growth in 1Q. The rating was Buy with a target price of HKD795. AASTOCKS Financial News Website: www.aastocks.com |
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