---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000951665.md"
description: "Considering whether to buy $Tencent HK SDR 10to1(HTCD.SG). Tencent's slide to a 52 week low looks less like a broken business and more like the market repricing AI spending. At about 13 times earnings it's cheap, and some brokers still see upside, but others, like Morgan Stanley, have cut targets, so buying now means accepting that the downtrend may continue before it turns."
datetime: "2026-10-23T08:28:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000951665.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000951665.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000951665.md)
author: "[melph](https://longbridge.com/en/profiles/20208463.md)"
generator: "portal-rs"
---

# Considering whether to buy $Tencent HK SDR 10to1(H…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**