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<Research>CCBI Raises TENCENT TP to HKD635, Hikes Earnings & Rev. Forecasts
CCB International's research report commented that TENCENT (00700.HK)'s 1Q25 results were solid, and that the group's strategy of internal investment in AI lays the fou...
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<Research>CCBI Raises TENCENT TP to HKD635, Hikes Earnings & Rev. Forecasts
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CCB International's research report commented that TENCENT (00700.HK)  -7.500 (-1.455%)    Short selling $901.65M; Ratio 8.279%   's 1Q25 results were solid, and that the group's strategy of internal investment in AI lays the foundation for the long-term growth path of its online business.

In wake of a lag between higher chip depreciation and AI generating significant revenue, higher AI investments may temporarily narrow the gap between revenue and operating profit growth.

Related NewsBofAS Elevates TENCENT (00700.HK) TP to $631, Raises 2025/ 2026 Profit Forecasts
The broker raised its revenue forecast for Tencent for FY2025-27 by 2% and its earnings forecast by 1%-2%. It expected revenue, operating profit, and earnings for FY2025 to grow by 11%, 17%, and 12%, respectively, and lifted the target price from HKD630 to HKD635.

Thanks to the company's sustainable earnings growth, the long-term development of Tencent's AI business, unique AI examples, and the monetization of the WeChat ecosystem in the medium to long term, the broker reiterated its Outperform rating on TENCENT.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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