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<Research>CMSI Names TENCENT as Top Pick in CN Internet Sector w/ TP Lifted to HKD670
Recommend 13 Positive 14 Negative 8 |
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China's gaming market achieved vigorous growth in 1H25 on the back of new products, AI, and refined operations, according to a report from CMSI. The key companies under the broker's coverage have outpaced their peers. For 2Q25 and the entire year of 2025, CMSI expected a rich game reserve to continue driving growth and profit margin expansion. TENCENT (00700.HK)/ NTES-S (09999.HK)/ BILIBILI-W (09626.HK) are anticipated to see their gaming revenues grow by 15%/ 18%/ 13% YoY in 2Q and by 15%/ 13%/ 13% YoY in FY25. CMSI maintained its recommendation for China's internet sector, with TENCENT selected as its top pick due to its solid business moat, decent growth prospects, market leadership, and potential in AI application ecosystems. TENCENT's target price was raised from HKD650 to HKD670. AAStocks Financial News |
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