Furui: Reiterate TENCENT (00700) as top pick stock with target price of 795 Hong Kong dollars.

date
10:09 23/06/2026
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GMT Eight
The sector expects that in the coming months, WeChat's AI will be further enhanced, with the market focusing on its progress in reasoning, memory, and dynamic social interactions.
Furui released a research report stating that TENCENT (00700) is its top stock pick, with a target price of 795 Hong Kong dollars. Tencent is currently conducting small-scale testing of the WeChat AI function "Xiao Wei", which is an important step the company is taking in the A2A (Artificial Intelligence to Artificial Intelligence) field, and is expected to be officially launched in the fourth quarter. The report states that "Xiao Wei" can cover multiple scenarios, including social interaction and communication, information retrieval and search, productivity tools, etc., and WeChat Mini Program codes will be able to evolve into tools used by WeChat's internal AI agents. The bank expects that in the coming months, WeChat AI will further enhance, and the market will focus on its progress in reasoning, memory, and dynamic interpersonal interaction.