Tencent Holdings_Solid fundamentals, with AI re-rating potential
-·2025-02-16 15:28
ab 13 February 2025 Global Research Key Call: Tencent Holdings Solid fundamentals, with AI re-rating potential Adding Tencent to APAC Key Call list We add Tencent to the APAC Key Call list. Tencent's share price has underperformed YTD (+6% vs. KWEB at +17%). We have discussed three potential surprises for Tencent in 2025 (note), including better-than-expected game performance, as well as upside potential in Mini Shop e-commerce and AI, which the Street may be under-appreciating. While we think China Militar ...