Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Reiterates TENCENT as Industry Top Pick, Optimistic About AI Agent Potential
Recommend 11 Positive 19 Negative 5 |
||||
|
||||
|
According to a UBS report, the stock price of TENCENT (00700.HK) has dropped around 13% YTD, underperforming the HSTECH and HSI over the same period, which the broker believes was the result of investor concerns about potential VAT increases for tech companies (which have been denied by China's official media arm), heightened regulatory scrutiny, potential AI-driven industry disruption, and the possibility of TENCENT lagging in AI competition. In terms of AI competition, while the market is concerned about TENCENT's Yuanbao lagging in downloads and weekly active users during the Chinese New Year period, UBS believes the key to success in the AI field lies in integrating high-quality models, a strong user base, and extensive data. With 1.4 billion users, WeChat covers diverse application scenarios such as social, commercial, and content, along with an active mini-program ecosystem. In the belief that TENCENT's unique advantages are difficult to replicate, UBS remains optimistic about the company's massive potential in the agentic AI domain. UBS has reiterated TENCENT as its industry top pick with a Buy rating and a target price of HKD780. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
