Tencent Holdings Limited

Summary

• Stock: Tencent Holdings Limited (HKG: 0700) common equity

• Date: May 31, 2022

• Market cap: HK$3.5trn

• Rating: Buy

• Price: HK$350

• Target: HK$434

Setting the stage

Tencent, a Chinese technology company, builds and manages online games, entertainment apps, social networks, digital payments platforms, and cloud software. The company makes money by selling in-ga…