To The Moon

From a fundamental point of view, in December 2022 and January 2023, the relevant departments opened the gate twice, and many of Tencent's games were among them. On the one hand, it shows that the suppression of Internet companies has shown a trend of alleviation some time ago; on the other hand, it has added more certainty to BullishTencent's game business growth. 

In addition, in January 2023, Ma Huateng's appearance statement once again emphasized the concept of Tencent's future refined management. For a long time before, the emergence of "Tencent" Internet companies and start-up companies seems to be a capital group. However, as Tencent distributes the shares of $JD-SW(09618)$ JD.com and Meituan it to shareholders in kind, it shows the company's determination to strengthen its main business.

From a fundamental point of view, Tencent's focus has given investors stronger confidence. Emotionally, as one of the big blue chips of Hong Kong stocks, Tencent Holdings is an important weather vane. In this round of rebound of the Hang Seng Index, Internet technology companies represented by Tencent, Meituan, and JD.com have become the main force, and the rebound strength is about 50%. The "Spring Restlessness" and "Red Envelope Market" after the Spring Festival, driven by Tencent Holdings' emotions, also accelerated the progress of value restoration.

Judging from the market valuation given by major institutions at present, there is still some room for the value restoration of Tencent Holdings .HK. However, at present, it has gradually entered the financial report release period. If Tencent's 2022 performance exceeds market expectations, it may be a 100-foot and go further. 

The data and views of this article are for exchange and learning only, and do not constitute investment invitations and suggestions. Investment is risky, you need to be cautious when entering the market!

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