Thursday, August 30, 2018
Make sense of Tencent Price movement
Tencent listed in Hong Kong and New York had lost recently more than USD 165 Billions in Market valuation much more than what Face book lost, as Chinese Tech counters were hit hard. With Chinese regulators putting in more conditions on Gaming activities for young people, Tencent further lost close to 5 percent value on 31 August 2108. US president Trump is said to add next week, USD 200 billions in Tariff against Chinese exports. This will further cause market value loss to Chinese Tech counters, especially Tencent. Persons with deep pockets can consider buying Tencent below HK 300, say about HK 250 level for medium term gain. Once this tariff related noise settles out, Tencent will start moving up, as the long term potential in Chinese economy is considered good.
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Shri Lalitha Sahasranamam: Namam 803: Shri Pujya (ōṃ pūjyāyai namaḥ)
The Divine Mother is worthy of worship by all universal beings. To praise someone/something that is older/bigger/greater is mankind’s natu...
I'm watching this stock as well. It has a high Beta factor.
ReplyDeleteThanks for sharing. Agree with your view points.
ReplyDeleteTencent has gone down considerably in the recent past, but has good potential to go up.
I am considering to buy this.
Comparing to Alibaba, it’s a better counter.