花旗:腾讯控股重申“买入”评级 目标价维持于763港元

新浪港股
Jun 09
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  花旗发布研报称,微信于6月8日宣布将小程序融入其AI生态系统。花旗维持腾讯控股(00700)“买入”评级,目标价维持于763港元。该目标价基于分部加总法(SOTP)计算,对应2026年预测市盈率23倍及2027年预测市盈率约21.7倍。

  该行认为这强烈反映其AI智能体(AI agent)的开发进展顺利,并可能已进入最后阶段。初期的测试阶段包括美团-W(03690)、同程旅行(00780)及携程集团-S(09961)等核心合作伙伴,将允许用户未来直接通过微信智能体调用本地生活服务(例如外卖)。一旦完全融合,小程序将符合微信AI推荐及使用的资格。该行相信,是次测试配合混元Hy3模型的持续反馈,将为腾讯的下一代模型迭代提供宝贵数据,全面推出微信AI智能体已指日可待。

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