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| HSI1 | 25,889.48 | 0.00 | -- |
| HSCEI1 | 9,222.54 | 0.00 | -- |
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2025-10-13 11:29:22 TENCENT (00700.HK) has surged by 56% YTD, compared to the HSTECH's 44% incline, Goldman Sachs released a research report saying. Despite increasing investor concerns over US tariffs and geopolitical risks, the broker maintained a positive view on TENCENT. Although the stock has been repriced this year to a forecasted non-IFRS PE ratio of 19x for 2026, its valuation remains at a discount compared to global peers, with relatively under-monetized assets, multiple AI-driven monetization levers and a stable shareholder return policy. Goldman Sachs believed that TENCENT's AI empowers its entire business line, benefiting from its unique WeChat ecosystem and global gaming assets. Therefore, the broker kept rating at Buy for TENCENT, and elevated its SOTP-based target price for the base case from $701 to $770. Goldman Sachs' target prices for the bull/ bear market scenario were $846/ $541. ~ AASTOCKS Financial News Website: www.aastocks.com | |