Mungerism
2022-10-30
$TENCENT(00700)$The tide is beginning to turn for Tencent. It was the biggest recipient of Shanghai/Shenzhen southbound connect. As it it deploy its WeChat ecosystem to diversify into high return consumer internet(with such a tight grip on its user base, it has the best ability to disrupt consumer internet competition ) we should see improving performance  in 2023 
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Comments

  • Ah_Meng
    2022-10-31
    Ah_Meng
    The tide has not turned if the trend chart is to believe... having said that, tencent shares price has fallen deep into oversold territory, given its RSI reading of 22. An opportunity to move into position is just around the corner. Something to take note of.
  • Humbly
    2022-10-30
    Humbly
    Tencent should try to invest in areas that are in line with the central government policies. Monopolies are not allowed particularly on the web and cloud space
  • winwin123
    2022-10-30
    winwin123
    hope it turns out to be better and better
  • Moonlight23
    2022-10-31
    Moonlight23
    Might be safer allocating a small proportion. Chinese markets tend to be substantially influenced by government sentiments
  • RedpillBluep
    2022-11-01
    RedpillBluep
    thanks for sharing ☺️
  • HSTew
    2022-10-31
    HSTew
    its share price has not been performing very well and has been down trend since the Chinese government control on Web and cloud.
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