Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Keeps Buy on TENCENT, Upbeat About WeChat Ecosystem & Global Gaming Assets
Recommend 15 Positive 22 Negative 6 |
||||
|
||||
|
According to a report from Goldman Sachs, the broker learned from a recent business exchanges with TENCENT (00700.HK) management that Tencent Cloud is strengthening its expansion into key markets such as ASEAN, Northeast Asia, Europe, the Middle East, and the Americas. With multiple large project orders secured and its localized infrastructure, Goldman Sachs expects Tencent Cloud to achieve greater brand recognition in international markets. The report also highlighted TENCENT's position as a beneficiary of AI applications within China's leading Internet sector. Goldman Sachs believes AI has empowered the long-term growth of all its core businesses and it can achieve compound profit growth with its unique WeChat ecosystem and global gaming assets as well as diversified monetization capabilities. Goldman Sachs maintained a Buy rating and a target price of HKD770 for TENCENT. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
