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<Research>BOCI Elevates TENCENT's TP to HKD634; Rating Reiterated at Buy
According to a report from BOCI, TENCENT (00700.HK)'s 1Q25 results exceeded expectations with a revenue growth of 13% YoY, 3% higher than both the broker's and the market&#...
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<Research>BOCI Elevates TENCENT's TP to HKD634; Rating Reiterated at Buy
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According to a report from BOCI, TENCENT (00700.HK)  -7.500 (-1.455%)    Short selling $901.65M; Ratio 8.279%   's 1Q25 results exceeded expectations with a revenue growth of 13% YoY, 3% higher than both the broker's and the market's expectations.

In BOCI's opinion, TENCENT's accelerated investment in AI and its gradual monetization are forming a virtuous cycle for business development, enhancing operational efficiency, and continuously expanding gross margins. The broker expected the company to capture sustainable opportunities brought by AI in content generation, distribution, and commercialization.

Related NewsRatings/ TPs on TENCENT (00700.HK) (Table) (Update)
BOCI reiterated a Buy rating on TENCENT and raised its target price to HKD634.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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