Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Keeps Buy on TENCENT, Expects AI to Drive Gaming & Other Core Biz Growth
Recommend 9 Positive 18 Negative 2 |
||||
|
||||
|
According to a report from Daiwa, the broker recently met TENCENT (00700.HK)'s management during the company's non-deal roadshow. After discussions, Daiwa learned that TENCENT is prioritizing the use of GPU resources for internal model training and enhancing core businesses, which is expected to yield more certain returns. In Daiwa's estimate, TENCENT's adoption of AI to drive ecosystem integration can amplify the value of WeChat's core interface, empowering areas such as chat, search, video accounts, content summarization and interaction, and mini-programming. This adoption is also expected to boost the development of the gaming business, reduce costs, and refine game content innovation. It is anticipated that TENCENT will focus on updating existing games and launching new evergreen games next year, making Daiwa confident in the growth of the company's gaming business. Emphasizing that TENCENT is its top pick in the Chinese internet sector, Daiwa reiterated a Buy rating for the company, with a target price of HKD750. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
