Why 48 Tencent shares is my buy for May May 30, 2013Posted by deminvest in investment.
Tags: china stock, Chinese Economy, QQ, Tencent
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