Jo Betsy
02-05

$TENCENT(00700)$ I feel that it is time to buy Tencent again.

A few days ago, Tencent was put on the "1260H list" by the US Department of Defense. The direct impact is that it cannot accept orders from the US Department of Defense. The invisible impact is that it may be further sanctioned and restricted from purchasing key raw materials and technologies.

Affected by this, Tencent fell a lot, falling to the price in the first half of September 24.

But Tencent's moat lies in its domestic business. The stable social + game provides a steady stream of cash cows. The sanctions did not hurt Tencent's foundation.

This round of stock price decline is mainly due to investor panic, but it is possible to absorb chips at a low price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment