Glonghui, May 16 | According to a research report published by Morgan Stanley, Tencent revealed its first-quarter results for the first quarter of this year, showing strong development potential, showing strong development potential, showing strong growth potential in the next few quarters. It is predicted that Tencent's game business revenue will increase 7% year-on-year in the second quarter. Advertising revenue during the period increased 26% year-on-year, significantly exceeding expectations. Damo believes that with the further application of generative artificial intelligence, the ad click rate will improve further in the next quarter. Revenue materials A year-on-year increase of 19.5%. Based on optimism that Tencent will achieve steady growth in the second quarter, Damo maintained its “gain” rating and listed it as the preferred stock in BATM. The target price was raised to HK$450, and it is expected that continued repurchases will support the stock price.