Deutsche Bank: WeChat AI Intelligent Body is a key catalyst for Tencent Holdings (00700.HK), reiterates "buy" rating.

According to the Wise Finance APP, Morgan Stanley released a research report stating that the stock price of Tencent Holdings (00700.HK) rose by 10% on June 2nd due to reports indicating that it is testing a native WeChat AI smart body. The product is likely to be regulated as early as June, followed by limited external testing and phased rollout. The current price of Tencent is equivalent to a forecasted P/E ratio of 13.9 times for 2026, making it attractive in terms of valuation. The "hold" rating is reiterated with a target price of 650 Hong Kong dollars unchanged.