SEHK:700Interactive Media and Services
Has Tencent Holdings (SEHK:700) Fallen Far Enough Despite AI Spending?
Tencent Holdings stock has fallen sharply this year, yet on the latest valuation checks it still screens as cheap versus its fundamentals. This raises the question of whether recent weakness is overdone or a sign that lower expectations are settling in.
Over the past 3 years, Tencent Holdings has delivered a total shareholder return of about 39%, which suggests that the longer term holders have still come out ahead despite the more recent share price pressure.
Heavy investment in AI across...