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Why 48 Tencent shares is my buy for May May 30, 2013

Posted by deminvest in investment.
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I bought Tencent because

  • it is a fast growing Chinese Internet company (Quarterly Revenue Growth yoy: 40.40%)
  • is fairly priced (Trailing P/E: 26.17), like most Chinese Internet companies now are
  • I read somewhere that Tencent owns QQ, a leading social Instant message tool. Active QQ users accounts for QQ IM amount to 798.2 million.

TENCENT HLDGS shares bought: 48 price 30,935 market: XETRA 30/05/2013
11:46:41

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