$Tencent (00700) $ announced the eanigns report for 21Q2 on Wednesday. The performance is stable and strong, however, it is difficult to find the support of stock price.
The good news is that Tencent started its fourth repurchase after the mobile Internet era. Looking back, her every repurchaseturns out to be "a golden buying point".
IPO-2014
Before 2014, Tencent was in the "QQ time", while the Internet was still in 2G and 3G, and the mobile Internet had not yet come. Sufferred in the subprime mortgage crisis in 2008 and the European debt crisis in 2011, there was a global "reverse tide", so Tencent continued to buy back in those days.
2014-present
In 2014, Tencent also ushered in the "WeChat era", and the mobile has come. With the global easing and eagering in Tech companies, Tencent's market value rose a lot. However, there were also policy changes such as the 2018 Gaming Authority issue, and Tencent's share price also sufferred, and Tencent took another buyback.
Generally speaking, every time Tencent buys back continuously, its share price can stabilize within one month and continue to hit a new high.
Thus, Tencent has started repurchase again. Do you think it is the sign of bottom??
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