ZOE011
2023-10-13

$Tencent Holding Ltd.(TCEHY)$ $Tencent(00700)$ As an investor , the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term Tencent Holdings Limited (HKG:700) shareholders, since the share price is down 43% in the last three years, falling well short of the market decline of around 9.8%.

It's good to see that Tencent Holdings has rewarded shareholders with a total shareholder return of 20% in the last twelve months. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time.

Global investors shun Chinese stocks despite better data; I would say confidence at lowest point since Asian financial crisis.

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# How do you view China stock rebound?

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