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For more than a year, Tencent has also been on a downward trajectory, dragged down by regulatory fears. Recently, investors sentiment has been unfavorable toward Tencent shares due to several concerns. Potential delisting by the US SEC, China’s potential involvement in the Russia-Ukraine conflict just to name a few.
Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country’s tech sector. This bruising crackdown started way back on 3rd November 2020, where Chinese regulators suspended Ant Group’s $37 billion IPO. In May 2022, China regulators signal ease of tech squeeze in bid to lift the China economy. As of today, Tencent has dropped drastically by ~55% from it’s all-time high. Many value investors have reiterated that most Chinese equities are currently undervalued and the market has bottomed. Hence, is this a good time to look into Tencent stock and consider buying it?
Let’s take a look at what Tencent has to offer. Let’s find out!
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