I know China stocks are getting a beating because of trade war etc., but I view the situation with Tencent as follows:
- Tencent is the gaming / tech gorilla in China
- Gaming / tech is going to continue to grow globally, and especially in China as more of the country industrializes / modernizes
- If Trump "wins" the trade war, US will benefit mostly, but China will return to business as usual and Tencent will still be the big gorilla.
- If China "wins" the trade war, then Tencent will not only recover but go way up.
I realize that things may and probably will get worse before they get better, but if my outlook is to buy and hold Tencent for a long time, is this not the moment to buy the stock at a severe discount?
Submitted October 26, 2018 at 01:25AM by Unicorn_Flame https://ift.tt/2As5JrL
