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Chi_Keng

Chi_Keng

Student in Mind, Investor at Heart. 8 years into investing and it still feels like Day 1.

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05-23

Is $HK:0700 Tencent still Undervalued Now?

Is Tencent $TCHEY still undervalued today? Here's how I see it. A lot of people have been questioning Tencent’s valuation lately, so I ran a quick check through some numbers. They're currently trading at: ~22x P/E ~17x forward P/E ~1x PEG ratio On the surface, that’s fair. But here’s where it gets more interesting—Tencent holds ~$12B USD in net cash and a listed investment portfolio worth ~$137B USD. That’s close to $150B USD in liquid assets, which you can strip out from its ~$700B USD market cap. That implies the core business is being valued at around $550B USD. One of my go-to valuation metrics for Tencent is price-to-operating cash flow. This strips out the noise from investment markdowns and focuses on the cash generated by its actual operations. Today, they’re trading at ~16x, compa

Is $HK:0700 Tencent still Undervalued Now?

05-23

🎉CBA Trader Interview: Tay Chi Keng spotlights Opportunities in China

IntroductionIn 2022, when headlines screamed about China's "un-investable" markets and friends dumped their Chinese tech holdings, I did something radical: I doubled down. Today, my Tencent position sits on 70% unrealized gains, while Alibaba forms the core of my portfolio. This isn't luck, it's the result of a seven-year journey learning to separate fear from opportunity in the world's most misunderstood market.How It All BeganMy investing education began during National Service, where I balanced military duties with analyzing stocks in my bunk. But the real foundation came earlier watching my veteran investor father turn dinner conversations into masterclasses on investing.This unique upbringing shaped my hybrid approach:Value Investing Roots (Buffett/Munger principles)Behavioral Ed

🎉CBA Trader Interview: Tay Chi Keng spotlights Opportunities in China

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