Shares of the Chinese tech companies are on the move, gaining from their strong quarterly numbers and attractive valuation. Meanwhile, bullish sentiment on Chinese tech stocks got a boost after Cathie Wood’s Ark Invest increased stake in JD.com’s (JD) ADR (American depositary receipt), following its stellar Q2 numbers. (Read more: JD.com Posts Upbeat Q2 Results; Analysts Remain Bullish) Thanks to the strong buying, Chinese internet giant Tencent Holdings Limited’s (TCEHY) ADR rebounded and rose about 11.6% in the last two trading days. However, I maintain a Neutral outlook on Tencent, owing to the regulatory risks surrounding the company.
https://www.tipranks.com/news/article/tencent-rebounds-but-regulatory-risks-remain?utm_source=advfn.com&utm_medium=referral
Tencent (PK) (USOTC:TCEHY)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Tencent (PK) Charts.
Tencent (PK) (USOTC:TCEHY)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Tencent (PK) Charts.