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Bloomberg: Tencent is the most disappointing stock of the year

via:博客园     time:2018/9/19 19:01:33     readed:277

On the morning of September 19th, Beijing time, according to the data compiled by Bloomberg, Tencent was the worst performing stock in 2018 among the ten companies whose analysts gave a “Buy rating” and a market value of more than US$100 billion. . Bloomberg believes that Tencent can be regarded as the most disappointing stock of the year.

On Tuesday, Tencent's share price fell 22% on the Hong Kong Stock Exchange. As Tencent failed to maintain its revenue growth momentum and the government rigorously cracked down on the gaming industry, the company's market value evaporated by $10 billion.


Tencent ranked first in the largest decline in stocks compiled by Bloomberg. (The rightmost column is Bloomberg rated, with a rating of 5% means consistently recommended buy)

In the previous January, Tencent's stock hit a record high, and its share price reached 474.6 Hong Kong dollars, an increase of 64,000% compared with the opening price in 2004. Analysts have been reluctant to give up on this stock, and Tencent has about 5% of the weight in the MSCI Emerging Markets Index. The average stock price target is set at 451.1 Hong Kong dollars, which means that this stock will see a 41% recovery in the next 12 months.

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