Tencent: Promising Future!!!
$TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$
I remain bullish on Tencent, and we are probably still in the early stages of the next bullish wave that could lead Tencent’s stock price much higher. The combination of making its Weixin/WeChat network denser by adding more services and features, as well as growing its gaming offerings internationally are only two ways the business will continue to grow.[Miser][Miser][Miser]
Tencent is also generating huge amounts of free cash flow that can be used either for acquisitions – and management was a great capital allocator in the past or share buybacks.
Overall, we can be confident that Tencent will continue to grow at least in the high single digits or probably even double digits, and even high single digit growth is enough to make the stock undervalued.
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