Tencent Stock (TCEHY) Looks Undervalued — Time to Buy?
December 09 2022 - 09:39PM
TipRanks
There are new hopes for the revival of the Chinese economy. With
the easing of the zero-COVID policy as well as relaxed Beijing’s
tech crackdown, I believe the top Chinese technology and
entertainment conglomerate Tencent Holdings (OTC:TCEHY) is all set
for its long-due turnaround. Plus, its cheap valuation makes it a
compelling stock, in my opinion. With the sight of the rebound of
the Chinese economy around the corner, let's take a deeper look at
Tencent Holdings. The Issues Put to Rest Last month, Chinese stocks
got a fresh lease of life, witnessing their biggest rally in the
last two decades. A volley of positive news buoyed most Chinese
stocks.
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Tencent (PK) (USOTC:TCEHY)
Historical Stock Chart
From Feb 2023 to Mar 2023
Tencent (PK) (USOTC:TCEHY)
Historical Stock Chart
From Mar 2022 to Mar 2023
