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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.