Is Tencent Holdings (SEHK:700) Offering Value After Recent Share Price Pullback?
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If you are wondering whether Tencent Holdings’ current share price gives you good value, it helps to step back and look at what the numbers are actually saying about the stock.
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The share price last closed at HK$558.0, after a 10.1% decline over the past week and a 10.6% decline over the past month, even though the 1 year return sits at 34.7% and the 3 year return at 49.6%.
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Recent headlines have focused on Tencent’s position in major Chinese technology indices and ongoing attention on large platform companies in China, which has kept sentiment in focus for investors. There has also been…
