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<Research>Daiwa Reiterates Buy on TENCENT, Bullish on Int'l Game Expansion
Recommend 11 Positive 16 Negative 3 |
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Daiwa recently attended TENCENT (00700.HK)'s PUBG Mobile esports event and discussed the progress of its gaming business with the management. It believed Tencent is exporting the best practices of "Games-as-a-Service" globally, while blending Chinese and international influences to increase the appeal of made-in-China games. Daiwa was optimistic about Tencent's development and commercialization pace in international game expansion. The broker believed Tencent possesses unparalleled AI and cloud capabilities, with AI playing a pivotal role throughout the entire game lifecycle. Daiwa reaffirmed Buy for Tencent with a target price of HKD750, noting that the major potential downside risk is the game sales miss. AASTOCKS Financial News Website: www.aastocks.com |
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