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<Research>BofAS Cites TENCENT (00700.HK): Many AI Products to Take Few Quarters to Start Monetizing, but Biz Has Significant Monetization Potential Compared to Peers
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TENCENT (00700.HK) held an investor meeting to share its progress in investing in AI products, according to BofA Securities' research report. TENCENT's management said that a number of its AI products are in the post-launch phase, but it will take a few more quarters for them to begin to monetize. BofA Securities slightly revised its 2025 profit forecast for TENCENT by 1% as it expected the gap between revenue growth and adjusted operating profit growth to narrow from 2Q to 4Q25 compared to 1Q25. Therefore, the broker kept its target price on TENCENT at $631, and reiterated rating at Buy on the Company's AI potential. TENCENT's business has significant monetization potential compared to its peers, and is progressively increasing its monetization, according to TENCENT's management. AAStocks Financial News Website: www.aastocks.com |
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