Lates News

Morningstar stock analyst Ivan Su reports that Tencent has enormous potential in further utilizing its AI toolkit to enhance user engagement and monetization capabilities on WeChat. With multiple AI tools, Tencent is in a favorable position in graphics processor investments, which can generate strong returns. Tencent's strong revenue in the second quarter is supported by a wide range of businesses, with standout growth in advertising revenue by 20%, thanks to Tencent's effective use of AI without increasing ad placements. Morningstar has raised its average forecast for Tencent's advertising revenue in the next five years by 6%. Morningstar has also raised its fair value estimate for Tencent by 13% to 800 Hong Kong dollars, reflecting both the upward adjustment of forecasts and the increase in market value of Tencent's listed investments.