---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39502114.md"
description: "$TENCENT(00700.HK) This market is really distorted. Tencent has been making money honestly, with such great earnings reports, yet its stock price has plummeted. A major reason given is actually the lack of AI-related business layout. But in the long run, is AI really a good thing? Currently, whether in the US or here, the AI industry we've invested in hasn't seen any returns, but it's definitely paying the bill for NVIDIA and SK Hynix. This is actually an open conspiracy with no solution. AI, as an artificially created pseudo-demand by the US, is just a capital pool to digest the bubble. If you don't follow, they criticize you for being backward; if you do follow, the company burns through cash flow. As Tencent shareholders, we should pay more attention to value investing, cash flow, and the stability of future prospects. Tencent has the blockbuster game "Delta Force," and will soon release "Roco Kingdom World" in March, followed by "Honor of Kings World" in April. At the same time, the overseas version also has "Path of Exile 2," which rivals "Diablo." Tencent is the world's number one gaming company today. With a P/E ratio of 18, it's 40% cheaper than a series of internet companies like Microsoft and Google. There's nothing more to say, just hold on tight and wait for Tencent to take off this year."
datetime: "2026-03-25T06:00:05.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39502114.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39502114.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39502114.md)
author: "[书隐大道至简](https://longbridge.com/en/profiles/24583310.md)"
---

# $TENCENT(00700.HK) This market is really distorted…


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## Comments (4)

- **蓝酱 · 2026-03-25T09:34:35.000Z**: The traffic entry point still exists, and the gap between large models will only get smaller.
- **Ddjhbys · 2026-03-25T08:50:52.000Z**: ? Is the drop due to the reason you mentioned? What did AI produce? There's no share repurchase now, what's going to drive the price up?
  - **书隐大道至简** (2026-03-25T08:57:09.000Z): You're right, Tencent is not doing buybacks now, and the dividend yield isn't high enough either. Both of these aspects deserve criticism, so I don't think there's any problem with the P/E ratio being
- **新用户_Dv4H1d · 2026-03-25T06:51:16.000Z**: It keeps falling every day, and all I get is a continuous daily decline.