我i168
2022-06-28

$TENCENT(00700)$...Tencent fell while $Lion-OCBC Sec HSTECH S$(HST.SI)$rallied? What's going on?!

There were 2 pieces of news yesterday: 

- Naspers/Prosus plans to reduce Tencent stake by selling it 2-3% of market daily volume each time. This was not really news. Market reacted negatively but measured.

- Tencent announced partnering c.40automotive companies to provide a custom-built cloud for EVs. I think thisis a big news, a great growth area. The market is yet to take in the potential fully.

Net net I am still positive on Tencent for a recovery rally. I see its share price to break $400 any time!

What do you think? 

💰 Stocks to watch today?(9 Jan)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • Brrrrrrrrrrr
    2022-06-28
    Brrrrrrrrrrr
    Google hkex, and see the component of hstech. Tencent is a super major component, so probably others rose
    • 我i168
      Correct...Tencent is the laggard now
  • JCKL488
    2022-06-29
    JCKL488
    Buy Tencent for it’ll become your twenty cent by year end 💪
  • jas68
    2022-06-28
    jas68
    ok hope tencent will factor in the sale and continue to recovering
  • ed62
    2022-06-28
    ed62
    yes go on above 400 then 500.
  • Phie
    2022-06-28
    Phie
    thank you for sharing 😊
  • WS_long
    2022-06-28
    WS_long
    What target price to buy ?
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