Goldman Sachs: Confidence in Tencent Holdings (00700.HK) strengthened, target price of 701 Hong Kong dollars.

According to the Intellifinance app, Goldman Sachs issued a research report stating that they have increased confidence in the prospects of Tencent Holdings (00700.HK). They believe that Tencent is continuously deepening its moat through investments, and with its unique WeChat ecosystem and global gaming assets, it can become one of the companies in the Chinese internet industry that will benefit the most from the development of AI applications. They have given it a "buy" rating with a target price of 701 Hong Kong dollars.