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M Stanley Reiterates Overweight on TENCENT; Partial AI Cloud Service Price Hike Clicks With Industry Trend
2026-04-10 10:09:17
TENCENT (00700.HK)'s Tencent Cloud has announced a 5% increase in the list prices of certain products, effective May 9, 2026, according to a Morgan Stanley research report.

The adjustment will mainly cover AI computing-related products and services, TKE native node container products and services, and Elastic MapReduce (EMR) products and services.

The new prices will apply to the next renewal or new purchases. Products and services purchased before May 9, 2026, won't be affected. TENCENT attributed the price hike to a surge in global AI computing demand and rising hardware supply chain costs.

Morgan Stanley has kept an Overweight rating on TENCENT with a target price of HKD650.
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