Guotai Junan Securities: Maintains Tencent Holdings (00700.HK) "Buy" rating with a target price of HK$785.

According to the Securities Times APP, Guotai Junan has released a research report stating that they have maintained a "buy" rating for Tencent Holdings (00700.HK), based on the injection of AI technology. They have adjusted the revenue for 2025-2027 to be 752.9/841.8/925.3 billion yuan (previously 733.8/797.3/871.3 billion yuan) and the adjusted net profit to be 261.9/301.8/338.3 billion yuan (previously 255.3/282.5/314.3 billion yuan). They have given a 2025 25x PE ratio, with a corresponding target price of 785 Hong Kong dollars.