113 days ago • Posted by William Ramstein

Tencent records a new high point with more gains set to come

Tencent Holdings Ltd., one of the heaviest-weighted stocks in the Hang Seng Index, has surged 16% since the beginning of this year and closed at a fresh record high Monday. The majority of analysts surveyed by Bloomberg are bullish on the company and continue to raise target prices, with the highest implying a further gain of 29% from Monday’s closing level.-Yahoo