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<Research>BOCI Raises TENCENT TP to $705, Rating Buy
Recommend 14 Positive 23 Negative 10 |
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BOCI released a research report, covering TENCENT (00700.HK), of which 2Q25 revenue gained 15% YoY to RMB184.5 billion, with a GPM of 56.9%, and adjusted OP rose 18% YoY to RMB69.2 billion, all beating expectations. The broker considered that the company is gradually benefiting from artificial intelligence demonstrated by sustainable and smooth high quality growth of core business segments. It is fully leveraging the various integrated usage scenarios of the Weixin ecosystem, as well as diversified AI products and features. BOCI raised its target price on TENCENT to HKD705, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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