Tencent stock has reversed in 2024

Tencent's stock has reversed course, fueled by an impressive 54% surge in Q1 2024 adjusted net income.

Key drivers include booming online ad revenue, promising gaming outlook with new game “Dungeons and Fighter”, diversified growth from fintech and cloud, and a doubling of share buybacks. Easing regulations and bullish technical indicators further support the stock’s upward momentum.

In the video, I also provided evidence from price movements why Tencent (700.hk) trend has reversed and possibly tradeable zones.

Investors might consider warrants and DLCs to tap into price movement in Tencent.

More information: https://warrants.com.sg/home, https://dlc.socgen.com/ and https://dlc.ubs.com/