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<Research>UOB Kay Hian Keeps Overweight on CN Dotcoms; Top Picks TENCENT/ BABA-W/ TRIP.COM-S/ KUAISHOU-W
Recommend 44 Positive 72 Negative 22 |
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Chinese tech giants, including Bytedance, BABA-W (09988.HK), TENCENT (00700.HK), and BIDU-SW (09888.HK), are spending a total of about USD60 billion compared to the USD200 billion in AI investments made by mega US tech firms each year, signaling that Chinese firms' investment is still at a relatively rational stage, UOB Kay Hian wrote in its report. In the broker's estimate, accelerating AI cloud revenue growth, new model releases, and AI agent deployments will further drive monetization over the next 3-6 months. UOB Kay Hian maintained an Overweight rating on China's internet industry, with top picks: TENCENT > TRIP.COM-S > BABA-W > KUAISHOU-W (01024.HK). Details of the broker's ratings and target prices for Chinese dotcoms are available in a separate table. AAStocks Financial News |
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