$TENCENT(00700)$ As one of the giant tech firms in China, TCEHY has been beat down and undervalued, more than its peers despite healthy earnings above expectations. This was due to the crackdown on Tech companies. Now that China realizes they boo-boo'd and started to reverse their policies, TCEHY is a solid pick going into 2023. It has several upside potentials: 1)As a holding company, Tencent is well diversified in online products and services; 2)As Chinese companies begin growth post-Covid lockdown, Tencent's enterprise cloud business will benefit greatlyTencent's products and services are "digital" so they are much less impacted than the companies that have "physical" goods manufacturing.
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