Southbound Trading Inflows: TENCENT (00700.HK) saw significant net inflows of HKD1 billion, while XIAOMI-W (01810.HK) and DRINDA (02865.HK) experienced short selling of HKD1.08 billion and HKD764.57 million respectively.
Southbound Trading Outflows: ZIJIN MINING (02899.HK) had the highest net outflow of HKD1.1 billion, with BABA-W (09988.HK) and SMIC (00981.HK) also facing substantial short selling.
Most Active Stocks: In the Shanghai-Hong Kong Stock Connect, POP MART (09992.HK) recorded the highest net inflow of HKD613.1 million, while ZIJIN MINING led in outflows. In the Shenzhen-Hong Kong Stock Connect, TENCENT had the highest inflow, and TRACKER FUND (02800.HK) had the highest outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 43.77% of the total transaction amount of HKD114.53 billion.
Wall Street analysts forecast 00700 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00700 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00700 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00700 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 595.000
Low
Averages
High
Current: 595.000
Low
Averages
High
Citi Research
Citi
Buy
maintain
$783
2026-01-23
New
Reason
Citi Research
Citi
Price Target
$783
AI Analysis
2026-01-23
New
maintain
Buy
Reason
The analyst rating from Citi Research for TENCENT (00700.HK) is based on several key factors:
1. AI Strategy and Restructuring: The company has recently accelerated its AI team restructuring and model updates, which is expected to be a focal point during the upcoming earnings release conference. This indicates a proactive approach to enhancing its AI capabilities, particularly within the WeChat ecosystem.
2. Market Performance: TENCENT's share price has declined by 0.25% year-to-date, which is seen as underperforming the market. This decline is viewed by the broker as a better buying opportunity, suggesting that the current price may not reflect the company's potential for growth.
3. Earnings Expectations: The upcoming 4Q25 results are anticipated to show solid performance, driven by resilient growth in gaming, stable advertising revenue, and strong growth in the overseas cloud business. These factors are expected to partially offset weaknesses in the fintech sector.
4. Investment in AI: The company's increased investment in AI talent and capital expenditure is expected to narrow the gap between revenue growth and gross/operating profit growth in the upcoming quarter.
Based on these insights, Citi Research has reiterated a "Buy" rating and raised the target price to $783, while also placing the stock on a 90-day positive catalyst watch.
JPMorgan
JPMorgan
Overweight
maintain
$750
2026-01-23
New
Reason
JPMorgan
JPMorgan
Price Target
$750
2026-01-23
New
maintain
Overweight
Reason
The analyst rating for TENCENT (00700.HK) is "Overweight" based on several factors outlined in the report. JPMorgan notes that TENCENT's core businesses, particularly within the WeChat ecosystem, advertising, and gaming, remain resilient. However, the company is at an earlier stage in deploying generative AI compared to its peers, as management has prioritized reliability, compliance, and ecosystem compatibility over rapid scale expansion. This cautious approach results in the stock being less "AI-priced." The potential for upside value exists if TENCENT can demonstrate effective execution and product-market fit in the coming year. Despite lowering its 2026 adjusted EPS forecast by 1%, the target price remains at $750, supporting the positive rating.
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UOB Kay Hian
UOB Kay Hian
maintain
$800
2026-01-22
New
Reason
UOB Kay Hian
UOB Kay Hian
Price Target
$800
2026-01-22
New
maintain
Reason
The analyst rating for TENCENT (00700.HK) is maintained as a "Buy" by UOB Kay Hian due to several positive factors. Despite facing macroeconomic challenges and the impact of advertising spending tax, TENCENT is expected to achieve robust revenue growth of 13% year-over-year in 4Q25. Key catalysts for this growth include the launch of flagship new games in 2026, improvements in AI-driven advertising placement efficiency, and the introduction of AI-powered mini-program code development tools on WeChat. The target price remains unchanged at HKD800.
Daiwa
Daiwa
Buy
downgrade
$750 -> $725
2026-01-21
New
Reason
Daiwa
Daiwa
Price Target
$750 -> $725
2026-01-21
New
downgrade
Buy
Reason
The analyst rating for TENCENT (00700.HK) was reaffirmed as a "Buy" despite a lowered target price from HKD750 to HKD725. The reasons for this rating include expectations of a seasonal slowdown in the domestic gaming business and stabilization in the international gaming business after a strong previous quarter. Additionally, the recruitment of AI talent and GPU leasing costs are anticipated to pressure operating expenses. The broker adjusted its revenue forecasts, estimating a 12% year-over-year increase in local gaming revenue for 4Q25, but a 13% quarter-over-quarter decline, leading to a reduction in TENCENT's EPS forecast for 2026-27 by 1-2%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
