DBS Bank: Reaffirms "Buy" rating on Tencent Holdings (00700.HK) with a target price of HK$800.

According to the Zhidao Financial APP, DBS Bank released a latest research report stating that the widespread application of AI within Tencent will strongly support the continuous growth momentum of its two core business segments - online gaming and online advertising. The bank reiterated its "buy" rating on Tencent Holdings (00700.HK) and raised its future 12-month target price from 786 Hong Kong dollars to 800 Hong Kong dollars.