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<Research>BOCOMI Adds TENCENT's TP to HKD604; AI Ecosystem Offers Imagination Space
According to BOCOMI's research report, TENCENT (00700.HK)'s 1Q25 revenue grew by 13% YoY, beating the broker's and the market's expectations by 4% and 3%, respectiv...
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<Research>BOCOMI Adds TENCENT's TP to HKD604; AI Ecosystem Offers Imagination Space
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According to BOCOMI's research report, TENCENT (00700.HK)  -7.500 (-1.455%)    Short selling $901.65M; Ratio 8.279%   's 1Q25 revenue grew by 13% YoY, beating the broker's and the market's expectations by 4% and 3%, respectively.

The company's adjusted EPS were also 10% and 3% higher than the broker's and the market's expectations, while its gross profit outpaced revenue growth with a YoY surge of 20%. Its gaming, social, marketing services, and fintech and enterprise services businesses all recorded satisfactory growth during the period.

Related NewsCMBI Elevates TENCENT's TP to HKD660, Anticipates AI to Sustain Biz Growth
Based on its results performance and stable shareholder returns, as well as the imagination space provided by the AI ecosystem, BOCOMI kept the Buy rating on TENCENT and raised its target price to HKD604.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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