0208 GMT - Tencent is likely to post stronger earnings and in-line revenue for the first quarter, Nomura analysts write in a note. They expect total revenue to rise 10% to CNY176 billion on year, in line with market consensus. Online gaming revenue is tipped to have grown 15% over the period thanks to the resilient performance of legacy titles and contributions from recently released ones, they say. Tencent said previously that it will further accelerate investment in artificial intelligence, including WeChat, which Nomura thinks has the potential to evolve into a powerful AI application ecosystem. The brokerage maintains a buy rating on the stock with a target price of HK$648.00. Shares last at HK$474.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 22, 2025 22:08 ET (02:08 GMT)
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