tritonpokerseries| Morgan Stanley: Raise Tencent's target price to HK$450 as the preferred stock in BATM

Morgan Stanley published a research report stating thattritonpokerseriesTencent announced first-quarter results this yeartritonpokerseries, disclosed for the first time the current performance of the local and overseas game businesses, with year-on-year growth of 3% and 34% respectively, demonstrating strong development potential. Looking forward to improving game performance in the next few quarters, it is predicted that Tencent's game business revenue will increase year-on-year in the second quarter. 7%. During the period, advertising revenue increased by 26% year-on-year, significantly exceeding expectations. Morgan Stanley believes that it is mainly driven by the seasonal benefits of the Lunar New Year. It is expected that with the further application of generative artificial intelligence, the advertising click-through rate will further improve in the next quarter, and revenue is expected to increase year-on-year. 19tritonpokerseries.5%。

Based on its optimism that Tencent will achieve solid growth in the second quarter, Morgan Stanley maintains its "overweight" rating and lists it as the preferred stock in BATM. Its target price is raised to HK$450, and it is expected that continued repurchase will provide support for the share price.