TCTZF - Tencent: Still A Bargain!
2024-05-08 09:06:49 ET
Summary
- Tencent reported solid full-year and fourth quarter results for fiscal 2023.
- The company can not only grow organic by expanding its ecosystem but can also use the extremely high cash flows for share buybacks or acquisitions.
- Tencent stock remains undervalued, and we can expect higher stock prices in the years to come.
It seems like finally bullish sentiment is returning for Tencent Holdings Limited ( OTCPK:TCEHY ) and we see the stock beginning to trade for a stock price that is closer to the intrinsic value (and the price it should trade for). Since my last article , in which I called Tencent a bargain once again, the stock gained 36% in value and clearly outperformed the major indices – in China as well as in the United States....
Tencent: Still A Bargain!