I have been dollar cost averaging into Tencent's holding company shares (TCEHY) since my entry into the stock at ~$42. Last year's performance took it to a valuation just above $60 - but since Tencent annouced shrinking margins and Naspers took profits on 3% of their holdings, there has been a sustained sell-off. For this reason, I am curious about your thoughts on Tencent's short-term payoff for shrinking profit margins in favor of ramping up investments into associated businesses and startups.
Submitted August 02, 2018 at 08:07PM by Beware_of_Snakes https://ift.tt/2vv6ahj
