On July 15, Tencent Holdings rose 3.02% in regular trading, trading at HK$473.4 per share, with turnover of HK$3.228 billion.

The rally was driven by a confluence of favorable macro data and institutional endorsements. US inflation data released overnight came in significantly below expectations, easing rate hike concerns and driving US Treasury yields down to 4.58%, which lifted risk appetite across Hong Kong tech stocks. The Hang Seng Index opened up 0.87% while the Hang Seng Tech Index gained 0.78%.

Simultaneously, multiple major institutions including Morgan Stanley, JP Morgan, UBS, Bank of America, and Guangfa Securities issued Q2 earnings previews for Tencent, broadly projecting revenue growth of 9%-12% year-over-year with stable core business performance and smooth AI progress. Bank of America notably raised its capital expenditure forecast for Tencent by 23%-25% over the next three years, arguing the market underestimates Tencent's AI capabilities. UBS maintained its HK$780 target price with a reiterated Buy rating. Additionally, Tencent's AI agent platform WorkBuddy has reached 13 million daily active users, supporting ongoing valuation recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)