CICC: Maintains Tencent Holdings (00700.HK) "Outperform" rating with a target price of 700 Hong Kong dollars.

According to the Wise Finance APP, CICC released a research report stating that it maintains its revenue and profit forecasts for Tencent Holdings (00700.HK) for 2025/2026. It maintains an "outperform industry" rating, with a target price of 700 Hong Kong dollars, corresponding to 23x/20x 2025e/2026e Non-IFRSP/E, representing an upward space of 8.5% compared to the current stock price. Current trading is at 21.2x/18.4x 2025e/2026e Non-IFRSP/E. On September 16, the 2025 Tencent Global Digital Ecology Conference was held in Shenzhen, where various AI technologies and products were announced, and it was declared that Tencent's AI landing capabilities and advantage scenarios will be fully opened to accelerate the landing of "user-friendly AI".