GO
| HSI1 | 26,389.04 | +0.60 | 306.70B |
| HSCEI1 | 8,858.63 | -17.75 | 113.18B |
| Back Zoom + Zoom - Block Traded | |
|
2026-05-14 18:04:05 CMSI issued a report covering TENCENT (00700.HK)'s 1Q results, which were broadly in line. Revenue hiked 9% YoY, while non-IFRS net profit added 11% YoY, on the ride of margin improvement in its core businesses, partially offset by AI-related investments. AI continued to juice accelerated growth in TENCENT's core businesses, the report noted. The WeChat Agent was expected to be launched in 3Q26, becoming a key differentiating competitive advantage for the company. CMSI maintained its Overweight rating on TENCENT. Due to increased investment, it lowered its earnings forecasts for 2026-28 by 2-9%, but remained optimistic about its unique market position and growth opportunities driven by Agentic AI. The TP was cut to HKD632 from the previous HKD700. ~ AASTOCKS Financial News Website: www.aastocks.com | |