JPMorgan Analyst Known for Bearish Call Touts China Tech Stocks [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
Most Read from Bloomberg Car Dealerships Across US Halt Services After Cyberattack What to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan Nvidia's 591,078% Rally to Most Valuable Stock Came in Waves ‘I Live in Hell': Anti-Growth Fervor Grips US South After Pandemic Boom Hedge Fund Talent Schools Are Looking for the Perfect Trader The stocks are taking a breather after advancing earlier this year, but there's room for 20% to 25% more upside as fundamentals such as cost and competition improve, said Alex Yao, co-head of Asia TMT research at JPMorgan Chase & Co. Yao called a bottom for the sector in an April report. “If the sector is able to grow their earnings at, let's say, teens or even twenties, over the long run, I think people should reward those corporates for the earnings sustainability,” Yao said in an interview last week. Tech bellwethers like Tencent Holdings Ltd. have led a rebound in Chinese stocks as Beijing pivoted from a wide regulatory cr
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TCEHY
Earnings
- 5/15/24 - Beat
TCEHY
Analyst Actions
- 9/10/24 - New Street Research