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TENCENT

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  • Weekly Recap | TENCENT -1.88%, consensus target above spot

    Weekly Review·
    - Tencent Holdings fell 1.88 % over the week to close at 417.8 HKD, underperforming the Hang Seng Index by 1.53 percentage points. - The company successfully raised over 5.7 billion USD through bond issuances to fund AI investments while continuing daily share buybacks of about 100 million HKD. - Thirty-nine institutions maintained a buy or overweight rating with a consensus target price of 658.9 HKD, significantly above the current price.
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  • Weekly Recap | TENCENT +0.43%, most brokers rate it buy

    Weekly Review·
    - Tencent Holdings rose 0.43% this week to close at 424.8 HKD, with a core focus on its financial backing of artificial intelligence startup DeepSeek. - A total of 44 institutions covered the company, maintaining a consensus "Strong Buy" rating with a target price of 662.31 HKD. - Market observers are closely monitoring the upcoming Q3 earnings on November 18, 2026, to assess the incremental impact of these AI investments.
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  • Weekly Recap | TENCENT this week, Oracle cloud deal reports take centre stage

    Weekly Review·
    - Tencent Holdings experienced a slight pullback of about 2.3 % to close at 421.2 HKD amid a 2.72 % decline in the Hang Seng Index. - Market focus centered on unconfirmed reports that Tencent is leasing 100,000 chips or signing a 7 billion USD cloud deal with Oracle to accelerate artificial intelligence deployment. - Among 44 covering institutions, 33 rated the stock as a buy with a consensus target price of 663.74 HKD, while potential deal developments and the upcoming Q3 earnings report remain key factors for future valuation.
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