0457 GMT - Tencent's AI investment strategy should propel long-term structural growth for all its business units, Daiwa analysts say in a research note. Daiwa believes Tencent is best positioned within China's internet sector to benefit from the increasing adoption of AI. Tencent's AI-powered features could drive marketing services revenue up 23% on year in 1Q, the analysts say. As the tech giant allocates more chip capacity to external clients, the analysts expect fintech and business services revenue growth to accelerate to 10% on year in 1Q. Daiwa lifts its 2025-2026 Tencent earnings per share estimate by 4%-5% to reflect a better outlook. Daiwa raises the stock's target to HK$670.00 from HK$565.00 and maintains a buy call. Shares are last at HK$526.00.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 00:57 ET (04:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。