Weekly Recap | Tencent -6.33%, consensus target above spot
Weekly Review·
- Tencent Holdings ADR fell 6.33% this week to close at $ 49.41, underperforming the S & P 500 by 5.86 percentage points.
- The company completed an 18 billion US dollar and 26 billion RMB long-term notes issuance and engaged in substantial AI chip procurement.
- Institutional consensus rating remains a buy with a target price of $ 88.15, while the third-quarter financial results for fiscal year 2026 are scheduled for November 18.