--- title: "Summary of Latest Broker Ratings, TPs, Views on TENCENT" type: "News" locale: "en" url: "https://longbridge.com/en/news/286382974.md" description: "The latest broker ratings for TENCENTshow a range of investment views: BNP Paribas rates it Outperform at HKD800, citing solid core business momentum; BofAS and UBS both rate it Buy at HKD780, with strong advertising performance and AI investment focus; CMBI rates it Buy at HKD750, noting resilient earnings growth; CLSA rates it Outperform at HKD740, highlighting double-digit growth in game receipts; G Sachs rates it Buy at HKD700, emphasizing AI momentum; BOCI rates it Buy at HKD700, mentioning deferred game revenue; JPM rates it Overweight at HKD690, indicating healthier organic business growth. Short selling stands at $1.65B with a ratio of 14.977%." datetime: "2026-05-14T08:28:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286382974.md) - [en](https://longbridge.com/en/news/286382974.md) - [zh-HK](https://longbridge.com/zh-HK/news/286382974.md) generator: "portal-rs" --- # Summary of Latest Broker Ratings, TPs, Views on TENCENT Our latest compilation of investment ratings, TPs and views on TENCENT (00700.HK) -2.400 (-0.519%) Short selling $1.65B; Ratio 14.977% from eight brokers is as follows: BNP Paribas Outperform HKD800 Core business momentum remained solid in 1Q, with game revenue pressured by timing of recognition. Ongoing discussions on AI remain a key focus. BofAS Buy HKD780 1Q profit slightly beat expectations, with strong advertising performance. A significant increase in capital expenditure reflects its commitment to AI investment, while game gross receipts growth remained solid. UBS Buy HKD780 1Q revenue slightly missed expectations. Management is satisfied with the performance of the Hunyuan 3.0 model and plans to launch Hunyuan 4.0. Core businesses remain strong, supporting valuation. The future investment story will be driven more by valuation re-rating than by EPS growth. CMBI Buy HKD750 Despite rising AI investment, 1Q earnings growth remained resilient; AI progress is encouraging. CLSA Outperform (High Conviction) HKD740 1Q results met expectations, with game gross receipts maintaining double-digit growth. The large language model team is set to release a model with more parameters. Profitability remains resilient amid AI investment. G Sachs Buy HKD700 1Q results were broadly in line. Advertising and cloud businesses accelerated under AI momentum, with increased forward-looking R&D and capital expenditure investment to enter the AI agent era. BOCI Buy HKD700 1Q revenue was affected by deferred domestic game revenue; continued patient yet accelerated AI investment and execution. JPM Overweight HKD690 The 1Q results formally disclosed non-IFRS operating profit separately for the first time (excluding new AI products, up 17% YoY), indicating healthier organic business than expected. AI monetization risks can be quantified and audited. 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