TENCENT(HK:00700) Ge Long Hui·2025-10-21 05:59Core Viewpoint - Bank of America Securities reports that Tencent possesses the best investment portfolio in China's internet industry, highlighting its AI-driven growth potential, stable competitive landscape, and attractive shareholder returns under appealing valuations [1] Group 1: Investment Potential - Tencent is viewed as a major beneficiary of AI applications and monetization in China, with expectations for accelerated growth in advertising and cloud revenue, validating the benefits of AI technology on its core business [1] - The integration of AI functionalities into WeChat, such as AI agents directly recommending services and products, is anticipated to drive a re-rating of the stock price in the medium term [1] Group 2: Ratings and Price Target - The firm maintains a "Buy" rating on Tencent, raising the target price from HKD 690 to HKD 780 [1]