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15/08/2025
Citi has lowered the target price of the Australian Securities Exchange by 2.5% to AUD 67.10 per share.
Latest
2 m ago
Barclays research report stated that regardless of the macroeconomic conditions, Tencent remains one of the best-positioned Chinese technology companies. Barclays analysts attributed Tencent's better-than-expected second quarter profit margin to the effective use of artificial intelligence (AI) to improve productivity and reduce costs. Barclays believes that the short-term opportunities for benefiting from AI will not appear in the consumer application space but rather in the internal use of enterprises. Tencent's decision to allocate more expenses to invest in the company's AI native applications is a positive move, but monetizing these applications through a ChatGPT-style subscription model will be challenging. Barclays maintains an overweight rating on Tencent, with a target price of $77.00 for the company's American Depositary Receipts (ADRs).
2 m ago
Barclays: Tencent may continue to benefit from AI investment, maintains overweight rating on Tencent.
3 m ago
Hongteng Precision's stock surged over 17% in midday trading, reaching a new high since January 2018.
3 m ago
National Bureau of Statistics: in July, the added value of intelligent unmanned aerial vehicle manufacturing and intelligent vehicle equipment manufacturing increased by 80.8% and 21% respectively.
4 m ago
The power equipment sector rose, Kstar reached the daily limit, Zhongheng Electric had previously hit the limit, Oulu Tong rose nearly 20%, Shanghai Electric, Tonghe Technology, Shenghong stock and others followed suit.
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