TENCENT(HK:00700) 硬AI·2025-08-15 09:19Group 1 - The core viewpoint is that over twenty analysts have raised their target price for Tencent to HKD 688, indicating a potential upside of nearly 16% from the previous trading price of HKD 594.50, marking the second-largest increase in five years following the release of its quarterly earnings report [2][3][6] - Analysts believe that AI is becoming the core engine of Tencent's high-quality growth, with its commercialization potential yet to be fully realized [2][6] - The optimistic sentiment is supported by Tencent's strong quarterly performance, with a 15% year-on-year revenue growth to RMB 184.5 billion, attributed to AI-driven efficiency improvements [6][9] Group 2 - The advertising business has significant growth potential, as the commercialization of Tencent's advertising platforms, such as video accounts, is still in its early stages [7] - Tencent's gaming business outlook is more stable due to new blockbuster games and a "platformization" strategy [8] - Future growth for Tencent is expected to be driven by new games and AI, with the anticipated release of the mobile game "Valorant Mobile" and validated AI technologies providing long-term growth momentum across various business segments [9]