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<Research>BNP Paribas Reiterates Rating at Outperform for TENCENT (00700.HK) on Potential to Become AI Winner
Recommend 11 Positive 22 Negative 5 |
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Over the past 18 months ended September 2025, the share price of TENCENT (00700.HK) surged by more than 150%, mainly due to reduced regulatory risks and geopolitical concerns, along with the Company's stronger execution, BNP Paribas published a research report saying. However, the stock price subsequently fell by about 12% due to investor concerns over AI, China's macroeconomic conditions and earnings momentum. BNP Paribas still believed that TENCENT is well-positioned to become a major winner in the development of generative AI, and considered its valuation attractive. Therefore, the broker reiterated rating at Outperform, and lifted its target price to $825. AASTOCKS Financial News Website: www.aastocks.com |
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