Movement Alert｜TENCENT Rises 3.09% in Regular Trading, Multiple Brokerages Bullish on AI Commercialization Prospects

Market Focus07-29 10:21

On July 29, TENCENT rose 3.09% in regular trading, trading at HK$461.4/share, with turnover of HK$39.25 billion.

The rally was driven by a confluence of positive AI catalysts. Multiple brokerages issued bullish calls on Tencent's AI commercialization trajectory. Galaxy Overseas maintained an \"Overweight\" rating with a target price of HK$702, projecting full-year capital expenditure of RMB 103 billion as the company accelerates AI infrastructure investment in H2. Huayuan Securities and Guangfa Securities both maintained \"Buy\" ratings, citing underappreciated potential in Tencent's transition from a traffic ecosystem to an intelligent ecosystem.

On the product front, WorkBuddy officially launched on the HarmonyOS PC app store, becoming the first desktop office AI agent on the platform. The product reached 13 million DAU within three months of public beta, with annualized enterprise revenue estimated at approximately RMB 300 million. Additionally, the classic QQ Pet IP announced its return with Tencent's proprietary Hy3 large model built in, signaling accelerating AI product deployment across its consumer ecosystem.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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