35 days ago • Posted by William Ramstein
Tencent shares continue rallying to the moon-- contracts in high demand.
The price of one Tencent contract -- which bets the stock will rise past HK$800 by expiry -- surged as much as 90,300% on Monday. The share price rose as much as 10% representing two fifths of the gains on the Hang Seng. Citigroup rose the target price of Tencent to HK$876. Source: Bloomberg