---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41298364.md"
description: "$TENCENT(00700.HK)Currently, Tencent (0700.HK) is around HKD 427approaching the 52-week low of 420-423.Q1 results were solid, but the guidance for doubled AI capital expenditure is pressuring short-term profits, coupled with market sentiment leading to a correction.Analyst consensus target price is around HKD 700 (strong buy), with reasonable P/E. Technically, it's already near low-level supportand may continue testing near 400 or form a bottom.However, the long-term fundamentals (WeChat ecosystem + cash flow + share buybacks) provide strong support."
datetime: "2026-05-30T17:17:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41298364.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41298364.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41298364.md)
author: "[鹏磊](https://longbridge.com/en/profiles/11662429.md)"
---

# $TENCENT(00700.HK)Currently, Tencent (0700.HK) is …


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