JP Morgan maintained an Overweight rating on Tencent (00700.
文 / 小金
2026-07-06 13:30:03
来源:亚金网
JP Morgan maintained an Overweight rating on Tencent (00700.HK) and a HK$690 target price. The bank says uncertainty around the WeChat AI Agent centers on whether it can fully integrate into WeChat, secure trading permissions, and build a supplier network accessible to the agent without relying on existing e‑commerce inventory. With beta testing begun in June, JP Morgan’s confidence in its value‑creation framework has risen; the service is now visible enough to distinguish implemented elements from those still to be developed, shifting the project from an open‑ended AI option to a phased rollout with observable milestones. JP Morgan expects the initial share‑price impact will more likely stem from a lower risk premium and multiple expansion than from near‑term EPS upside.
