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Haitong Intl: TENCENT WeChat AI Agent Testing to Support Share Price Rally; Rating Outperform Reiterated
Haitong International published a research report citing the UK's Financial Times that TENCENT (00700.HK) is internally testing a prototype of its WeChat AI Agent and plans to ...
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Haitong Intl: TENCENT WeChat AI Agent Testing to Support Share Price Rally; Rating Outperform Reiterated
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Haitong International published a research report citing the UK's Financial Times that TENCENT (00700.HK)  -7.000 (-1.545%)    Short selling $1.24B; Ratio 16.095%   is internally testing a prototype of its WeChat AI Agent and plans to initiate the compliance approval process as early as this month.

After obtaining regulatory approval, TENCENT will reportedly first conduct small-scale grey testing before a phased full rollout, although the official launch timing remains uncertain. The report noted that the launch of the AI Agent carries the highest strategic priority within TENCENT. The current prototype is able to execute tasks smoothly, but computing power constraints remain the main obstacle to large-scale commercial deployment.

Related News BNP Paribas: TENCENT (00700.HK) WeChat AI Agents Face Multiple Challenges, Rated Outperform
Spurred by this positive news and short squeeze, TENCENT's share price proliferated 10.5% in a single day yesterday (2nd). Following the rebound, the stock is still trading at 14x 2026E PE. Given its attractive valuation and solid fundamentals, Haitong International believed that despite potential short-term volatility, the current rally is sustainable.

WeChat has tremendous potential in the practical application of AI Agents. With 1.4 billion users, a well-established mini-program ecosystem, and interface support from Tencent Cloud, it enjoys lower customer acquisition costs, extensive data access, and lower interface costs compared with peers.

The broker maintained its Outperform rating on TENCENT with a TP of HKD688.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-08 12:25.)

Related News Citi Expects TONGCHENGTRAVEL (00780.HK) to Benefit from Potential Close Collaboration with TENCENT (00700.HK) WeChat AI Agent, Reiterates Buy

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