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Apple Gain Hunter$TENCENT(00700.HK)
Currently, Tencent (0700.HK) is around HKD 427
approaching the 52-week low of 420-423.
Q1 results were solid, but the guidance for doubled AI capital expenditure is pressuring short-term profits, coupled with market sentiment leading to a correction.
Analyst consensus target price is around HKD 700 (strong buy), with reasonable P/E. Technically, it's already near low-level support
and may continue testing near 400 or form a bottom.
However, the long-term fundamentals (WeChat ecosystem + cash flow + share buybacks) provide strong support.
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