Strategist

Emad Mostaque

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/26" target="_blank" data-smartkarma-citation="entities:26">Tencent Holdings (700 HK)</a> is up 14% from recent lows  hit after results on the 15th August, having fallen on fears around their core competency of video games. </p>
<p>Looking at the context of potential structural issues around the drop, it seems that this may have been overdone and the pullback offers an interesting entry point to a long-term structural story.</p>

Tencent Holdings (700 HK) is up 14% from recent lows  hit after results on the 15th August, having fallen on fears around their core competency of video games. 
Looking at the context of potential structural issues around the drop, it seems that this may have been overdone and the pullback offers an interesting entry point to a long-term structural story.

Tencent

Reflections on Tencent