Tencent Holdings Ltd

What is Tencent Holdings Ltd (TCEHY)?

Company Overview Tencent Holdings Limited (TCEHY), an investment holding company that provides value-added services and Online advertising services in China and internationally. Major services they offer includes communication and social networking (Weixin/Weixin and QQ), online PC and mobile games, content (news, videos,music, comics, and literature), utilities (email, app store, mobile security, and mobile browser), cloud services, and financial technology. The company is also involved in production, investment, and distribution of films and television programs for third parties. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen.

TCEHY, is it a good pick?

Tencent still reported solid third quarter results, with EPS of $0.6362 against a forecast of $0.4448 but still a $22.23B on revenue against a forecast of $22.52B. China could face macroeconomic troubles due to the extreme debt levels around the Evergrande scandal, but still the stock is considered undervalued at the time and could hold pretty well against the economic impact.

Technical analysis

From Dec 23rd to Jan 5th the share price went down -10.14% to trade at $54.78. On Jan 6th the share price went up 4.68% to trade at $56.32. The RSI is near the neutral zone and the MACD shows a downtrend for the stock. The share price could fall around -4.42% to later on have a comeback of 5.44% to trade at $57.74.