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<Research>JPM: TENCENT (00700.HK) Utilizing AI to Enhance Biz Efficiency/ Quality; Rating Overweight
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JPMorgan released a research report saying that its recent discussion with TENCENT (00700.HK)'s management across game and cloud sectors reveal that the Company's core advantage lies not in single blockbuster products or one-off customer acquisition, but in possessing a replicable business model capable of localizing and scaling globally. Using shooting games as an example, TENCENT's management estimated the market size could reach US$38 billion in 2025. The broker believed that, through its 'three-engine' model of publishing, developing and investing in game studios, TENCENT can secure a position in this rapidly growing game field. As a 'multi-year profit compound growth stock,' TENCENT is utilizing AI and global expansion to enhance business efficiency and quality, rather than merely cutting costs or pursuing short-term returns, JPMorgan added. Therefore, the broker was optimistic about its growth cycle, and rated TENCENT at Overweight, with a target price of $750. AASTOCKS Financial News Website: www.aastocks.com |
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