CMB International Securities: Raised Tencent Holdings (00700.HK) target price to 650 Hong Kong dollars, maintaining a "buy" rating.

Wisdom Capital APP has learned that CMB International Securities has released a research report stating that Tencent Holdings (00700.HK) is leveraging its strong social networking moat and artificial intelligence technology. The firm believes that Tencent has profit and valuation growth opportunities in artificial intelligence agents, advertising, and profit margin expansion. With the current market price based on forecasted P/E ratios of 17 and 15 for the next two years, higher than industry peers, after SOTP valuation, the target price has been raised by 5% from HKD 621 to HKD 650, maintaining a "buy" rating.