Shares & Derivatives
2023: A new Dawn for Chinese / Hong Kong Stocks? A case study of Tencent
By A Pen Quotes  •  January 27, 2023
I really have to hand it to the Chinese authorities for making such a 180-degree turn in changing the market sentiments towards Chinese/Hong Kong-listed stocks. While many are excited by the recent surge in share prices (starting from late October 2022), many long-time (bag) holders of Chinese/Hong Kong-listed stocks, with many stocks still in the red, are naturally skeptical of these large upswings. KraneShares CSI China Internet ETF has risen approximately 95% from its low in Oct 2022. I personally am vested in Tencent (0700.HK) stocks. In late May 2022, I divested my Alibaba (9988.HK) stocks and used the free-up capital to purchase these Tencent stocks. Technically for the amount I have invested, the investment is still in the red. Tencent is currently the largest Chinese company by market capitalization at US$500.28 billion. Naturally many would look to Tencent as the barometer for Chinese/Hong Kong-listed stocks. Sino-US tensions a key risk for Tencent  Tencent Holdings’ stock has experienced wild  ...
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By A Pen Quotes
Hi, I am a typical guy born in 1976. You can call me ‘T’. Family: I have a lovely wife and 2 kids (a boy and a girl). To me, they are the best things that happened in my life. Work: I’m working full-time in the construction industry. Interests: I like to swim, draw and read up on financial articles. I have started a Youtube channel on sketches. Do check it out here.
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