Growth stocks have been badly hit this year by surging inflation and rising interest rates, but it looks like there may be a sliver of hope.
Investor pessimism hit rock bottom a few months ago and appears to be reversing.
And October’s US inflation data, coming in at 7.7%, was also lower than what analysts had projected.
This data boosted confidence that the US Central Bank will slow its rate hikes and that inflation can be brought under control next year.
For Temasek Holdings, its portfolio of growth stocks is also enjoying a breath of fresh air.
The investment firm has seen several of its growth companies rebounding sharply from their lows and posting encouraging financial numbers.
Here are five that may see their share prices rising further.
Tencent Holdings Ltd (HKSE: 0700)
Tencent is a Chinese technology company founded in 1998 that offers games, digital content, advertising services, and other financial technology (fintech) services to its customers....