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<Research>CMSI Raises TENCENT's TP to HKD766; AI Innovation Powers Strong Growth
Recommend 14 Positive 22 Negative 5 |
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TENCENT (00700.HK) delivered better-than-expected results for 3Q25, with revenue/ Non-IFRS net profit beating forecasts by 2%/ 7% with YoY growth of 15%/ 18%, according to CMSI's research report. These achievements were built on improved profit margins across all segments. With AI empowerment, all business segments demonstrated robust growth momentum. Based on adjusted earnings forecasts and a forward valuation cycle, CMSI lifted its target price for TENCENT from HKD700 to HKD766, with an Overweight rating. AAStocks Financial News |
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