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CMBI Elevates TENCENT (00700.HK) TP to $760, Upbeat on LT AI Opportunities
2025-11-14 17:22:17
TENCENT (00700.HK)'s 3Q25 total revenue increased by 15% YoY to RMB192.9 billion, 2%/ 4% ahead of market consensus/ CMBI's estimation respectively, primarily driven by a solid 23% YoY incline in game revenue, CMBI released a research report saying.

Given its diverse application scenarios and large user base, the broker remained optimistic about TENCENT's long-term opportunities in the AI sector.

The valuation window was extended to FY2026. Therefore, CMBI elevated its target price to $760 from $705, based on a sum-of-the-parts (SOTP) valuation method, with rating kept at Buy.
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AASTOCKS Financial News
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