Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / TCEHY - Chinese tech stocks edge upward as Shanghai takes re-opening steps

TCEHY - Chinese tech stocks edge upward as Shanghai takes re-opening steps

Tencent Holdings Ltd. ADR
Numerous Chinese tech stocks were on the rise, Monday, as reports surfaced regarding Shanghai easing Covid-19 restrictions in the city and an J.P. Morgan analyst Alex Yao raising his ratings on the shares of companies such as Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU) and JD.com (JD). Yao raised his ratings on Alibaba (BABA), Tencent (OTCPK:TCEHY), PinDuoDuo (PDD), NetEase (NTES), iQiyi (IQ), Dada Nexus (DADA) and Dingdong (DDL) to overweight, and lifted his views on JD.com (JD), Baidu (BIDU) and BiliBili (BILI) to neutral. Yao said he made the moves because "Stage Two" of his investment model for the sector is advancing sooner than expected. Among the factors behind Yao's upgrades were statement from Chinese government agencies about relaxing more than a year of regulatory pressure on the country's tech sector. Yao also said that the Covid situation of this year "will impact earning differently" relative to 2020, when the pandemic spread around

For further details see:

Chinese tech stocks edge upward as Shanghai takes re-opening steps
Stock Information
Company Name: Tencent Holdings Ltd. ADR
Stock Symbol: TCEHY
Market: OTC
Website: tencent.com
Menu
TCEHY TCEHY Quote TCEHY Short TCEHY News TCEHY Articles TCEHY Message Board
Get TCEHY Alerts

News, Short Squeeze, Breakout and More Instantly...