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Peter phung

Peter phung

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2023-03-15

$SINGAPORE EXCHANGE LIMITED(S68.SI)$ Can I trade this stock through Tiger in Australia account pls

2022-06-27

I want tiger to open more trading in newzealand or Singapore so I can do trading as well

2022-06-28

Bargain buy

Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake

10-30

$Hong Kong Exchange & Clearing Ltd.(HKXCY)$

07-27

Great article, would you like to share it?

@Bonta:I closed 3 lot(s) $HEX.HK 20240829 295.00 PUT$ ,Gotten assigned 300 shares of hkex, as strike price is at $295. Not surprised for the assignment. Hk shares are generally more illiquid and harder to manage the options. Once options are itm >30%, standby for assignment. Will see when to sell covered calls to slowly claw back the returns

07-10

HongKong stock exchange

2023-06-07

$Hong Kong Exchanges and Clearing(00388)$

2023-02-23

$Hong Kong Exchange & Clearing Ltd.(HKXCY)$ how can I buy from Tiger to trade Hiccup

Go to Tiger App to see more news

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Will see when to sell covered calls to slowly claw back the returns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331343768236128","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326025776816248,"gmtCreate":1720620301420,"gmtModify":1720620317754,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"HongKong stock exchange","listText":"HongKong stock exchange","text":"HongKong stock exchange","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326025776816248","isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184736850468872,"gmtCreate":1686141043941,"gmtModify":1686141047078,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00388\">$Hong Kong Exchanges and Clearing(00388)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/00388\">$Hong Kong Exchanges and Clearing(00388)$&nbsp;</a>","text":"$Hong Kong Exchanges and Clearing(00388)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184736850468872","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949476426,"gmtCreate":1678863776866,"gmtModify":1678863988993,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>Can I trade this stock through Tiger in Australia account pls&nbsp;","listText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>Can I trade this stock through Tiger in Australia account pls&nbsp;","text":"$SINGAPORE EXCHANGE LIMITED(S68.SI)$ Can I trade this stock through Tiger in Australia account pls","images":[{"img":"https://community-static.tradeup.com/news/f27acaea655010dfad33daf05e13728b","width":"1125","height":"1725"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949476426","isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9957154604,"gmtCreate":1677116756108,"gmtModify":1677116997255,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$&nbsp;</a>how can I buy from Tiger to trade&nbsp; Hiccup","listText":"<a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$&nbsp;</a>how can I buy from Tiger to trade&nbsp; Hiccup","text":"$Hong Kong Exchange & Clearing Ltd.(HKXCY)$ how can I buy from Tiger to trade Hiccup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957154604","isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046785933,"gmtCreate":1656386320522,"gmtModify":1676535819808,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"Bargain buy&nbsp;","listText":"Bargain buy&nbsp;","text":"Bargain buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046785933","repostId":"1137514466","repostType":4,"repost":{"id":"1137514466","kind":"news","pubTimestamp":1656382398,"share":"https://ttm.financial/m/news/1137514466?lang=&edition=fundamental","pubTime":"2022-06-28 10:13","market":"hk","language":"en","title":"Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1137514466","media":"InvestorPlace","summary":"Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.Howe","content":"<html><head></head><body><ul><li><b>Tencent</b>(<b><u>TCEHY</u></b>) stock is down on news that one of its largest shareholders is trimming its stake.</li><li>However, the share sale is not happening because of any problems at Tencent.</li><li>TCEHY stock is down 17% year-to-date (YTD) at about $48 per share.</li></ul><p><b>Tencent</b>(OTCMKTS:<b><u>TCEHY</u></b>) stock is slumping today on news that one of its largest shareholders, <b>Prosus</b>(OTCMKTS:<b><u>PROSY</u></b>), has started to trim its stake in the Chinese tech giant.</p><p>Prosus, which is one of the largest tech investors in the world, is selling shares of Tencentto fund its own share buyback program. Prosus currently holds a 28.9% stake in the company worth roughly $136 billion. However, Prosus itself is worth less than its stake in Tencent. The buyback program is aimed at boosting Prosus stock and the company’s market value.</p><p>TCEHY stock is down 3.99% on news. Meanwhile, PROSY stock which is down 21% YTD, is up 13.18% today.</p><p><b>What’s Happening with TCEHY Stock?</b></p><p>In a news release, Prosus CFO Basil Sgourdos said the following about the company’s share sale:</p><blockquote>“This will efficiently unlock immediate value for shareholders because we’re selling (Tencent) shares at full value and we’re buying back our stock at a considerable discount.”</blockquote><p>Tencent says it supports Prosus’ plan. The company also believes the share sale will have a “limited” impact on its own stock price. Prosus plans to undertake a maximum sale of between 3% and 5% of Tencent’s daily trade volume.</p><p>Prosus’s plan does come unexpectedly, however. Last year, the tech investment company said that it would not sell any further TCEHY stock after unloading 2% of its holdings, worth $15 billion. In addition to Tencent, Prosus has also sold $3.67 billion worth of shares of Chinese tech giant<b>JD.com</b>(NASDAQ:<b><u>JD</u></b>).</p><p>Many TCEHY stock investors are viewing this latest sale negatively because they see it as a lack of confidence in Tencent. Conversely, PROSY stock investors like that the technology investor is buying back its own stock. That’s because the move will help boost its share price by reducing the number of shares outstanding.</p><p>PROSY stock has dropped over the past year as its holdings of Chinese tech stocks have taken a beating amid the market selloff and government crackdown. Looking forward, Prosus says it is also “in talks to sell its stake” in Russia’s <b>Avito</b>. That company was valued at $6 billion before Russia invaded Ukraine.</p><p><b>What’s Next for Tencent?</b></p><p>Although TCEHY stock is down slightly today, the long-term impact of the share sale shouldn’t be too bad. Of course, it’s never good when a major shareholder trims its stake. But the reality is Prosus will continue to be one of the largest owners of Tencent stock. Investors should not take the sale as an indicator of any fundamental problems with the company itself.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.However, the share sale is not happening because of any problems at Tencent.TCEHY stock is down 17% year...</p>\n\n<a href=\"https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PROSY":"Prosus NV","TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137514466","content_text":"Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.However, the share sale is not happening because of any problems at Tencent.TCEHY stock is down 17% year-to-date (YTD) at about $48 per share.Tencent(OTCMKTS:TCEHY) stock is slumping today on news that one of its largest shareholders, Prosus(OTCMKTS:PROSY), has started to trim its stake in the Chinese tech giant.Prosus, which is one of the largest tech investors in the world, is selling shares of Tencentto fund its own share buyback program. Prosus currently holds a 28.9% stake in the company worth roughly $136 billion. However, Prosus itself is worth less than its stake in Tencent. The buyback program is aimed at boosting Prosus stock and the company’s market value.TCEHY stock is down 3.99% on news. Meanwhile, PROSY stock which is down 21% YTD, is up 13.18% today.What’s Happening with TCEHY Stock?In a news release, Prosus CFO Basil Sgourdos said the following about the company’s share sale:“This will efficiently unlock immediate value for shareholders because we’re selling (Tencent) shares at full value and we’re buying back our stock at a considerable discount.”Tencent says it supports Prosus’ plan. The company also believes the share sale will have a “limited” impact on its own stock price. Prosus plans to undertake a maximum sale of between 3% and 5% of Tencent’s daily trade volume.Prosus’s plan does come unexpectedly, however. Last year, the tech investment company said that it would not sell any further TCEHY stock after unloading 2% of its holdings, worth $15 billion. In addition to Tencent, Prosus has also sold $3.67 billion worth of shares of Chinese tech giantJD.com(NASDAQ:JD).Many TCEHY stock investors are viewing this latest sale negatively because they see it as a lack of confidence in Tencent. Conversely, PROSY stock investors like that the technology investor is buying back its own stock. That’s because the move will help boost its share price by reducing the number of shares outstanding.PROSY stock has dropped over the past year as its holdings of Chinese tech stocks have taken a beating amid the market selloff and government crackdown. Looking forward, Prosus says it is also “in talks to sell its stake” in Russia’s Avito. That company was valued at $6 billion before Russia invaded Ukraine.What’s Next for Tencent?Although TCEHY stock is down slightly today, the long-term impact of the share sale shouldn’t be too bad. Of course, it’s never good when a major shareholder trims its stake. But the reality is Prosus will continue to be one of the largest owners of Tencent stock. Investors should not take the sale as an indicator of any fundamental problems with the company itself.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046094851,"gmtCreate":1656282918973,"gmtModify":1676535795869,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","listText":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","text":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046094851","isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000696","authorId":"9000000000000696","name":"BarbaraWillard","avatar":"https://static.tigerbbs.com/af002b44e35ebf40cafbbaf194de9c06","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000696","authorIdStr":"9000000000000696"},"content":"I hope as well. More users will join if do so.","text":"I hope as well. More users will join if do so.","html":"I hope as well. More users will join if do so."}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949476426,"gmtCreate":1678863776866,"gmtModify":1678863988993,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>Can I trade this stock through Tiger in Australia account pls&nbsp;","listText":"<a href=\"https://ttm.financial/S/S68.SI\">$SINGAPORE EXCHANGE LIMITED(S68.SI)$&nbsp;</a>Can I trade this stock through Tiger in Australia account pls&nbsp;","text":"$SINGAPORE EXCHANGE LIMITED(S68.SI)$ Can I trade this stock through Tiger in Australia account pls","images":[{"img":"https://community-static.tradeup.com/news/f27acaea655010dfad33daf05e13728b","width":"1125","height":"1725"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949476426","isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9046094851,"gmtCreate":1656282918973,"gmtModify":1676535795869,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","listText":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","text":"I want tiger to open more trading in newzealand or Singapore so I can do trading as well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046094851","isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000696","authorId":"9000000000000696","name":"BarbaraWillard","avatar":"https://static.tigerbbs.com/af002b44e35ebf40cafbbaf194de9c06","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000696","authorIdStr":"9000000000000696"},"content":"I hope as well. More users will join if do so.","text":"I hope as well. More users will join if do so.","html":"I hope as well. More users will join if do so."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046785933,"gmtCreate":1656386320522,"gmtModify":1676535819808,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"Bargain buy&nbsp;","listText":"Bargain buy&nbsp;","text":"Bargain buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9046785933","repostId":"1137514466","repostType":4,"repost":{"id":"1137514466","kind":"news","pubTimestamp":1656382398,"share":"https://ttm.financial/m/news/1137514466?lang=&edition=fundamental","pubTime":"2022-06-28 10:13","market":"hk","language":"en","title":"Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake","url":"https://stock-news.laohu8.com/highlight/detail?id=1137514466","media":"InvestorPlace","summary":"Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.Howe","content":"<html><head></head><body><ul><li><b>Tencent</b>(<b><u>TCEHY</u></b>) stock is down on news that one of its largest shareholders is trimming its stake.</li><li>However, the share sale is not happening because of any problems at Tencent.</li><li>TCEHY stock is down 17% year-to-date (YTD) at about $48 per share.</li></ul><p><b>Tencent</b>(OTCMKTS:<b><u>TCEHY</u></b>) stock is slumping today on news that one of its largest shareholders, <b>Prosus</b>(OTCMKTS:<b><u>PROSY</u></b>), has started to trim its stake in the Chinese tech giant.</p><p>Prosus, which is one of the largest tech investors in the world, is selling shares of Tencentto fund its own share buyback program. Prosus currently holds a 28.9% stake in the company worth roughly $136 billion. However, Prosus itself is worth less than its stake in Tencent. The buyback program is aimed at boosting Prosus stock and the company’s market value.</p><p>TCEHY stock is down 3.99% on news. Meanwhile, PROSY stock which is down 21% YTD, is up 13.18% today.</p><p><b>What’s Happening with TCEHY Stock?</b></p><p>In a news release, Prosus CFO Basil Sgourdos said the following about the company’s share sale:</p><blockquote>“This will efficiently unlock immediate value for shareholders because we’re selling (Tencent) shares at full value and we’re buying back our stock at a considerable discount.”</blockquote><p>Tencent says it supports Prosus’ plan. The company also believes the share sale will have a “limited” impact on its own stock price. Prosus plans to undertake a maximum sale of between 3% and 5% of Tencent’s daily trade volume.</p><p>Prosus’s plan does come unexpectedly, however. Last year, the tech investment company said that it would not sell any further TCEHY stock after unloading 2% of its holdings, worth $15 billion. In addition to Tencent, Prosus has also sold $3.67 billion worth of shares of Chinese tech giant<b>JD.com</b>(NASDAQ:<b><u>JD</u></b>).</p><p>Many TCEHY stock investors are viewing this latest sale negatively because they see it as a lack of confidence in Tencent. Conversely, PROSY stock investors like that the technology investor is buying back its own stock. That’s because the move will help boost its share price by reducing the number of shares outstanding.</p><p>PROSY stock has dropped over the past year as its holdings of Chinese tech stocks have taken a beating amid the market selloff and government crackdown. Looking forward, Prosus says it is also “in talks to sell its stake” in Russia’s <b>Avito</b>. That company was valued at $6 billion before Russia invaded Ukraine.</p><p><b>What’s Next for Tencent?</b></p><p>Although TCEHY stock is down slightly today, the long-term impact of the share sale shouldn’t be too bad. Of course, it’s never good when a major shareholder trims its stake. But the reality is Prosus will continue to be one of the largest owners of Tencent stock. Investors should not take the sale as an indicator of any fundamental problems with the company itself.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 10:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.However, the share sale is not happening because of any problems at Tencent.TCEHY stock is down 17% year...</p>\n\n<a href=\"https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PROSY":"Prosus NV","TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"https://investorplace.com/2022/06/tencent-tcehy-stock-is-under-pressure-as-prosus-trims-its-stake/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137514466","content_text":"Tencent(TCEHY) stock is down on news that one of its largest shareholders is trimming its stake.However, the share sale is not happening because of any problems at Tencent.TCEHY stock is down 17% year-to-date (YTD) at about $48 per share.Tencent(OTCMKTS:TCEHY) stock is slumping today on news that one of its largest shareholders, Prosus(OTCMKTS:PROSY), has started to trim its stake in the Chinese tech giant.Prosus, which is one of the largest tech investors in the world, is selling shares of Tencentto fund its own share buyback program. Prosus currently holds a 28.9% stake in the company worth roughly $136 billion. However, Prosus itself is worth less than its stake in Tencent. The buyback program is aimed at boosting Prosus stock and the company’s market value.TCEHY stock is down 3.99% on news. Meanwhile, PROSY stock which is down 21% YTD, is up 13.18% today.What’s Happening with TCEHY Stock?In a news release, Prosus CFO Basil Sgourdos said the following about the company’s share sale:“This will efficiently unlock immediate value for shareholders because we’re selling (Tencent) shares at full value and we’re buying back our stock at a considerable discount.”Tencent says it supports Prosus’ plan. The company also believes the share sale will have a “limited” impact on its own stock price. Prosus plans to undertake a maximum sale of between 3% and 5% of Tencent’s daily trade volume.Prosus’s plan does come unexpectedly, however. Last year, the tech investment company said that it would not sell any further TCEHY stock after unloading 2% of its holdings, worth $15 billion. In addition to Tencent, Prosus has also sold $3.67 billion worth of shares of Chinese tech giantJD.com(NASDAQ:JD).Many TCEHY stock investors are viewing this latest sale negatively because they see it as a lack of confidence in Tencent. Conversely, PROSY stock investors like that the technology investor is buying back its own stock. That’s because the move will help boost its share price by reducing the number of shares outstanding.PROSY stock has dropped over the past year as its holdings of Chinese tech stocks have taken a beating amid the market selloff and government crackdown. Looking forward, Prosus says it is also “in talks to sell its stake” in Russia’s Avito. That company was valued at $6 billion before Russia invaded Ukraine.What’s Next for Tencent?Although TCEHY stock is down slightly today, the long-term impact of the share sale shouldn’t be too bad. Of course, it’s never good when a major shareholder trims its stake. But the reality is Prosus will continue to be one of the largest owners of Tencent stock. Investors should not take the sale as an indicator of any fundamental problems with the company itself.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365603300335616,"gmtCreate":1730259283455,"gmtModify":1730259285981,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00388\">$HKEX(00388)$&nbsp;</a><v-v data-views=\"1\"></v-v> <a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/00388\">$HKEX(00388)$&nbsp;</a><v-v data-views=\"1\"></v-v> <a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$</a>&nbsp;","text":"$HKEX(00388)$ $Hong Kong Exchange & Clearing Ltd.(HKXCY)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365603300335616","isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":331991649575160,"gmtCreate":1722060499807,"gmtModify":1722060501857,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331991649575160","repostId":"331343768236128","repostType":1,"repost":{"id":331343768236128,"gmtCreate":1721902421468,"gmtModify":1721902633902,"author":{"id":"4109646601429430","authorId":"4109646601429430","name":"Bonta","avatar":"https://community-static.tradeup.com/news/e546b51e8ccbae6d6780649412c2f67e","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4109646601429430","authorIdStr":"4109646601429430"},"themes":[],"htmlText":"I closed 3 lot(s) <a href=\"https://ttm.financial/OPT/HEX.HK 20240829 295.00 PUT\">$HEX.HK 20240829 295.00 PUT$&nbsp;</a> ,Gotten assigned 300 shares of hkex, as strike price is at $295. Not surprised for the assignment. Hk shares are generally more illiquid and harder to manage the options. Once options are itm &gt;30%, standby for assignment. Will see when to sell covered calls to slowly claw back the returns","listText":"I closed 3 lot(s) <a href=\"https://ttm.financial/OPT/HEX.HK 20240829 295.00 PUT\">$HEX.HK 20240829 295.00 PUT$&nbsp;</a> ,Gotten assigned 300 shares of hkex, as strike price is at $295. Not surprised for the assignment. Hk shares are generally more illiquid and harder to manage the options. Once options are itm &gt;30%, standby for assignment. Will see when to sell covered calls to slowly claw back the returns","text":"I closed 3 lot(s) $HEX.HK 20240829 295.00 PUT$ ,Gotten assigned 300 shares of hkex, as strike price is at $295. Not surprised for the assignment. Hk shares are generally more illiquid and harder to manage the options. Once options are itm >30%, standby for assignment. Will see when to sell covered calls to slowly claw back the returns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/331343768236128","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326025776816248,"gmtCreate":1720620301420,"gmtModify":1720620317754,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"HongKong stock exchange","listText":"HongKong stock exchange","text":"HongKong stock exchange","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326025776816248","isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184736850468872,"gmtCreate":1686141043941,"gmtModify":1686141047078,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00388\">$Hong Kong Exchanges and Clearing(00388)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/00388\">$Hong Kong Exchanges and Clearing(00388)$&nbsp;</a>","text":"$Hong Kong Exchanges and Clearing(00388)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184736850468872","isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957154604,"gmtCreate":1677116756108,"gmtModify":1677116997255,"author":{"id":"4117571226380062","authorId":"4117571226380062","name":"Peter phung","avatar":"https://community-static.tradeup.com/news/5d8f34b0c90d7427511a35531622b0df","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4117571226380062","authorIdStr":"4117571226380062"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$&nbsp;</a>how can I buy from Tiger to trade&nbsp; Hiccup","listText":"<a href=\"https://ttm.financial/S/HKXCY\">$Hong Kong Exchange &amp; Clearing Ltd.(HKXCY)$&nbsp;</a>how can I buy from Tiger to trade&nbsp; Hiccup","text":"$Hong Kong Exchange & Clearing Ltd.(HKXCY)$ how can I buy from Tiger to trade Hiccup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957154604","isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}