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TENCENT Opens 4.1% Lower; M Stanley: Initial AI Investments to Squeeze ST Margins
TENCENT (00700.HK) opened 4.09% lower today (19th), at HKD528, with pre-market trading volume of 2.0642 million shares, involving an amount of HKD1.093 billion.For the fourth quart...
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TENCENT Opens 4.1% Lower; M Stanley: Initial AI Investments to Squeeze ST Margins
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TENCENT (00700.HK)  -7.400 (-1.490%)    Short selling $1.08B; Ratio 47.391%   opened 4.09% lower today (19th), at HKD528, with pre-market trading volume of 2.0642 million shares, involving an amount of HKD1.093 billion.

For the fourth quarter ending last December, TENCENT reported a net profit of RMB58.26 billion, up 13.5% YoY, aligning with the forecast range of RMB50.863-58.917 billion from eight brokers as compiled by this website, and closer to the upper end of the forecast. The EPS was RMB6.433.

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Under non-IFRS, TENCENT's adjusted net profit for the fourth quarter was RMB64.694 billion, up 17% YoY, meeting the forecast range of RMB61.16-67.945 billion from 12 brokers, with a median of RMB64.4 billion. The non-IFRS basic EPS was RMB7.144.

Morgan Stanley stated that TENCENT is increasing investments in foundation models (HY3.0), new AI products (Yuanbao, WeChat, Enterprise WeChat/ Qclaw), and GPUs. These initial AI-related investments will squeeze margins in the short term but are expected to entail new opportunities in the long term.

The Overweight rating was maintained, with the target price axed from HKD735 to HKD650.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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