Goldman Sachs: Raise target price of Tencent (00020.HK) to HK$3.09, maintain "buy" rating.

According to the ZhTng Financial APP, Goldman Sachs released a research report stating that it maintains a "buy" rating on SenseTime Group Limited (00020.HK), with the target price raised from 2.72 Hong Kong dollars to 3.09 Hong Kong dollars. The report also raised expectations for the expansion of SenseTime's ToC business, and expects the company to start monetizing by charging subscription fees on a monthly or annual basis after providing new users with free trials. SenseTime has joined ToC generative AI applications in the productivity tools field, including Raccoon Office AI and Kapi Accounting AI, using deep analysis capabilities supported by the SenseNova basic model to solve native AI problems.