HAITONG INT'L: TENCENT (00700) AI layout is underestimated, maintaining "outperform" rating.

HAITONG INT'L released a research report stating that the market may have underestimated TENCENT's (00700) layout in the AI era, especially in Agent harnessing engineering and accelerating the iteration of mixed-element models through data queries using Agents. It currently maintains its "outperform market" rating with a target price of 688 Hong Kong dollars. The report points out that Tencent's Workbuddy has become the most used programming product in China. According to market data, WorkBuddy had a monthly visit volume of 8.85 million in March, more than twice that of the second-place competitor. In terms of daily active users, it is already one of the most popular Agent tools in China. In addition, Tencent has recently invested in DeepSeek, and the firm believes this will further enhance its confidence in Tencent's competitiveness in the AI field.