Tencent Investors Eye Path to Record in Cheap Stock Valuations
The Tencent headquarters in Shenzhen, China.
Photographer: Qilai Shen/BloombergAs tech megacaps around the world climb to new records, investors see a chance for Tencent Holdings Ltd. shares to finally regain their former glory.
The Hong Kong-listed stock has added more than $180 billion in market value this year yet it remains about 21% below its all-time high. And it’s trading at a substantial discount to global tech peers from Meta Platforms Inc. to Sony Group Corp.